-
Sarepta Shares Continue Rally As Analysts Flip To Positive
Tuesday, September 20, 2016 - 3:04pm | 426The craze for Sarepta Therapeutics Inc (NASDAQ: SRPT) shares continued into its second day, gaining about 15 percent on Tuesday. The stock nearly doubled from the $28.15 recorded on September 16. Two catalysts likely responsible for this rally include the FDA approval for the company's Duchenne...
-
SunTrust On Sarepta Therapeutics: FDA Likely To Deny Approval For Eteplirsen
Wednesday, September 14, 2016 - 3:27pm | 390SunTrust said the "logical decision" for the FDA would be to deny approval for Sarepta Therapeutics Inc (NASDAQ: SRPT)'s Eteplirsen drug for the treatment of Duchenne Muscular Dystrophy. DMD is a genetic disorder caused by an absence of dystrophin, a protein that helps keep muscle...
-
SunTrust Downgrades Belden As 'Catalysts Seem More Negative'
Wednesday, September 7, 2016 - 12:16pm | 309Close on the heels of Belden Inc. (NYSE: BDC) shares hitting a 52-week high of $75.91 on September 2, SunTrust analyst William Stein downgraded the stock to a Neutral rating. The comments come in the wake of the stock recording more than 50 percent gain in the year-to-date period ending September 6...
-
The Impact Of Instagram Stories, Olympics And Political Spending On Social Media Stocks
Tuesday, September 6, 2016 - 10:47am | 402The world of social media is evolving on a seemingly weekly basis, and investors in the space must keep up with the latest trends to stay ahead of the game. SunTrust analyst Robert "Bob" Peck recently discussed three topics that have had a major impact on the social media space in the second half...
-
Bob Peck Thinks Twitter M&A Not Likely Until 2017, If Ever; Activists Will Find Challenges
Friday, September 2, 2016 - 9:14am | 485On Thursday, CNBC reported that activists might be looking at Twitter Inc (NYSE: TWTR) ahead of next Thursday’s board meeting. However, the media outlet was not alone in suggesting activist action. On Wednesday, former chairman and CEO Ev Williams said on Bloomberg that the company needed to...
-
Tilly's Q2 Beat Impresses SunTrust
Thursday, August 25, 2016 - 12:25pm | 195SunTrust Robinson Humphrey provided its outlook on Tilly's Inc (NYSE: TLYS). The analysts reiterated their Neutral rating and lifted the price target to $8 from $6.50, following solid Q2 results. The company reported Q2 EPS of $0.05, well above both STRH and Street of $(0.03) and 5/25...
-
SunTrust Doubts Kate Spade Initiatives Can Offset Headwinds
Thursday, August 4, 2016 - 2:56pm | 278SunTrust maintains its Neutral rating on the shares of Kate Spade & Co (NYSE: KATE), saying that the company's initiatives may not be enough to offset external headwinds. The company reported lower-than-expected second-quarter earnings and cut its full-year guidance reflecting the second-...
-
Herbalife Beat, Guidance Raise Not Enough To Get SunTrust Off The Sidelines
Thursday, August 4, 2016 - 2:35pm | 312SunTrust kept its Neutral rating on Herbalife Ltd. (NYSE: HLF) shares unchanged despite a beat and raise quarter from the nutrition company. "[W]e remain Neutral on the name given (1) valuation at >14x 2016E EPS (10-16x historical) and (2) the potential for choppiness/hiccups as it implements new...
-
Bob Peck: Twitter Isn't For Sale
Wednesday, August 3, 2016 - 5:08pm | 304Bob Peck and his team at SunTrust don't believe Twitter Inc (NYSE: TWTR) is up for sale, responding to reports that Steve Ballmer and Saudi Arabian Prince Al-Waleed bin Talal were interested in acquiring the social media company for $22 to $26 per share. While the firm tends to avoid...
-
SunTrust On Eastman Chemical: 'The Horse Has Left The Barn'
Monday, August 1, 2016 - 3:46pm | 265SunTrust kept its Neutral rating on Eastman Chemical Company (NYSE: EMN) despite its lackluster performance in the second quarter amid compressing olefin spreads, competitive pressure from Asia and low filter tow volumes. Eastman Chemical posted second quarter EPS of $1.68, down 16 percent and...
-
Continental Resources Sees Rating Upped At SunTrust To Buy, Price Target Raised To $60
Monday, August 1, 2016 - 2:07pm | 226Neal Dingmann of SunTrust Robinson Humphrey turned bullish on shares of Continental Resources, Inc. (NYSE: CLR) and increased his rating to Buy from Neutral with a price target boosted to $60 from a previous $46. According to Dingmann, Continental Resources is "quickly" transforming...
-
Lumber Liquidators Reports Its 10th Consecutive Quarter Of Negative Comps
Thursday, July 28, 2016 - 4:34pm | 224Lumber Liquidators Holdings Inc (NYSE: LL) on Wednesday reported Q2 results. A net loss of ($0.45) per share was $0.20 larger than expected, while revenue of $238.09 million, down 4 percent year-over-year, came in $2.43 million below the Street’s consensus. Comparable store sale tumbled 7...
-
Whole Foods Facing Foot-Traffic Headwinds; SunTrust Maintains Buy Rating
Thursday, July 28, 2016 - 4:11pm | 404SunTrust maintains its Buy rating on Whole Foods Market, Inc. (NASDAQ: WFM), despite saying traffic is still a "bigger challenge" for the organic foods retailer. Whole Foods reported $0.37 per share in its third-quarter earnings, in line with the consensus/Street estimates. Same-store sales in the...
-
SunTrust's Bob Peck Raises Price Target On Facebook To $142 On Strong Quarter
Thursday, July 28, 2016 - 2:30pm | 434The strong second-quarter results of Facebook Inc (NASDAQ: FB) reinforced the bullish thesis of SunTrust's Robert "Bob" Peck, as the social media giant's quarterly numbers trumped the estimates of both Peck and the Street handsomely. Q2, In Review Facebook's second-quarter EPS/revenue of $0.97/$6....
-
SunTrust's Bob Peck Previews Match Group's Q2 Earnings
Wednesday, July 13, 2016 - 12:07pm | 261SunTrust's Robert "Bob" Peck said Match Group Inc (NASDAQ: MTCH) is likely to benefit from strong paid member count growth in the second quarter. "Ahead of the 2Q earnings we believe 1) another ~220 million paid member counts (PMCs) added with a majority from Tinder," Peck wrote in a note. Peck...