Wall Street rally goes up in smoke, indexes end lower
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Morgan Stanley Cuts Price Target on Best Buy (BBY) Following 2Q16 EPS Beat
August 26, 2015 11:34 AM EDTMorgan Stanley maintained an Overweight rating on Best Buy (NYSE: BBY), and cut the price target to $40.00 (from $43.00), following the company's 2Q16 earnings results. BBY delivered Q2 EPS of $0.49, which was 15 cents above consensus. Analyst Simeon Gutman said that the strength of the quarter... More
Jefferies Raises Price target on Best Buy (BBY) Following a Conversation with Management
August 26, 2015 9:24 AM EDTJefferies reiterated a Buy rating on Best Buy (NYSE: BBY), and raised the price target to $50.00 (from $49.00), following a conversation with management. Based on the conversations with management, analyst Daniel Binder believes that initiatives aimed at improving conversion are still ramping.
Binder commented,... More
UBS Raises Price Target on Best Buy (BBY) Following 2Q16 EPS Beat
August 26, 2015 8:34 AM EDTUBS reiterated a Neutral rating on Best Buy (NYSE: BBY), and raised the price target to $35.00 (from $33.00), following the company's 2Q16 earnings results. BBY reported EPS of $0.49 beating consensus of $0.34. Revenues of $8.53B came out ahead of $8.29B consensus.
Analyst Michael Lasser commented, "While there is typically a tendency to hem and haw with BBY's... More
Nomura Securities Reiterates Buy on Apple (AAPL) Following CEO Update
August 25, 2015 8:05 AM EDTNomura Securities reiterated a Buy rating and $145.00 price target on Apple (NASDAQ: AAPL) following an update by CEO, Time Cook. Mr. Cook indicated internal updates as of yesterday morning showed China growth to be strong. With pricing in a ~%15 decline, Analyst Jeffrey Kvaal said... More
