Wall St. ends near flat after late-day rally
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Cantor Fitzgerald Raises Price Target on Cisco Systems (CSCO) Following 4Q EPS Beat
August 13, 2015 9:51 AM EDTCantor Fitzgerald reiterated a Buy rating on Cisco (NASDAQ: CSCO), and raised the price target to $38.00 (from $36.00), following its 4Q15 earnings report. Cisco reported sales of $12.84 billion that beat consensus at $12.66 billion. EPS of $0.59 was above consensus at $0.56. Cisco expects 1Q16 sales to be $12.49-12.73 billion, and projects EPS to be $0.55-0.57 (consensus is... More
UBS Cuts Price Target on Yahoo! (YHOO) to $51 Following Revised BABA Outlook
August 13, 2015 9:25 AM EDTUBS maintained a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $51.00 (from $57.00), on a revised BABA outlook. The revised price target on YHOO follows a downward revision on BABA, whose price target was cut to $101 (From $112).
Analyst Eric... More
UBS Remains Bullish on Cisco Systems (CSCO) Following 4Q15
August 13, 2015 9:06 AM EDTUBS reiterated a Buy rating and $33.00 price target on Cisco (NASDAQ: CSCO) following the release of the company's 4Q15 earnings results. EPS of $0.59 beat consensus estimates by $0.03. Revenues of $12.8B compared to the consensus estimate of $12.6B.
Analyst Amitabh Passi commented, "Cisco delivered a good set of results, beating F4Q... More
Brean Capital Cuts Price Target on Alibaba (BABA) to $92 Following 1Q16 Results
August 13, 2015 7:29 AM EDTBrean Capital maintained a Buy rating on Alibaba (NYSE: BABA) and cut the price target to $92.00 (from $97.00), following the company's 1Q16 earnings report. Revenue came in at RMB 20.2bn (+28% YoY), below consensus estimates of RMB 20.9bn. Adjusted EPS came in at $0.59, beating consensus by one penny.
Analyst Fawne Jiang commented, "BABA printed soft FY1Q16 results, largely driven by factors... More
