Sterne Agee

Sterne Agee said it would be tough for HP Inc (NYSE: HPQ) to see near-term growth in its printing business, while its PC unit is stabilizing. "Near term, we continue to believe HPQ's one positive is that PC unit declines look set to moderate to just low single-digits Y/Y in 2HFY16 thanks to much...

Sterne Agee says Dicks Sporting Goods Inc (NYSE: DKS) should meet or exceed EPS guidance of $0.48–$0.50 and same-store sales guidance of flat to +1 percent when it reports first-quarter results on May 19. While noting that Dick's is a "well-managed business in tough retail environment,"...

Wall Street's concerns for NetApp Inc. (NASDAQ: NTAP) are escalating, as Sterne Agee downgraded the stock to Underperform and Longbow sees more sales disappointments from the storage vendor. Legacy vendors such as Sunnyvale, California-based NetApp, EMC Corporation (NYSE: EMC) and Dell are losing...

Sterne Agee analyst David Bain said investors should buy MGM Resorts International (NYSE: MGM) on weakness due to the recent Wynn Resorts, Limited (NASDAQ: WYNN) update. Casino stocks were trading mostly lower Wednesday morning after Wynn announced a weak preliminary first-quarter results. "To the...

GameStop Corp. (NYSE: GME) shares slipped as much as 6 percent Monday after it reported mixed quarterly results and a disappointing outlook. However, the shares recouped some of its losses. "While the specialty retailer beat EPS estimates by $0.15 at $2.40, they missed on revenue and provided poor...

According to Sterne Agee CRT, PepsiCo, Inc. (NYSE: PEP) needs to break up in order to add more value to shareholders, while The Coca-Cola Co (NYSE: KO) should continue with an acquisition-led diversification strategy. Sterne Agee CRT downgraded both stocks to Neutral from Buy. Pepsi's "Better...

Shares of Fitbit Inc (NYSE: FIT) have plunged more than 20 percent after the wearable device maker issued a weak outlook for the first quarter despite reporting better-than-expected earnings for the fourth quarter. Following the weak forecast, the stock faced a slew of downgrades from various...

The Cheesecake Factory Inc (NASDAQ: CAKE) has managed to keep the Wall Street analysts "encouraged" despite fourth-quarter results being a mixed bag. However, the company needs to reverse its negative traffic trends to make the Street more optimistic on its fundamentals. The company's quarterly...

Wall Street feasted on GoPro Inc (NASDAQ: GPRO) this week when the company revealed abysmal fourth-quarter numbers. The stock was down nearly 10 percent Thursday morning, as analysts offered their takes on management's plan to restart growth by expanding into drones and video editing. Some...

BlackBerry Ltd (NASDAQ: BBRY) shares are down 44 percent year-to-date, remaining below the $8 mark since July 29. Sterne Agee’s Rob Cihra initiated coverage of the company with a Neutral rating and a price target of $6. While citing three trajectories that could unfold into...

Shares of Groupon Inc (NASDAQ: GRPN) fell 2.16 percent on Tuesday. The decline seems to have been triggered by the announcement that the company will cut almost 10 percent of its workforce. The firing of 1,100 employees is part of a restructuring plan for its international operations....