GoPro (GPRO) on Watch as Best Buy Notes Segment Weakness
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GoPro (GPRO) Bulls/Bears Weigh Inventory as the Holiday Approaches
November 23, 2015 2:37 PM ESTShares of GoPro (NASDAQ: GPRO) are getting wholloped again today (-7%) as analysts at Pacific Credit discussed rising unsold inventory at Best Buy. The comments echoed Best Buy's own disclosure with its quarterly results that the 'digital imaging' segment was weak. However, other analysts see the Holiday shaping up... More
Morgan Stanley Expects Holiday Boost on Best Buy (BBY) Following Industry Slowdown; Reiterates Overweight
November 20, 2015 10:45 AM ESTMorgan Stanley reiterated an Overweight rating on Best Buy (NYSE: BBY), and cut the price target to $37.00 (from $40.00), following the company's 3Q earnings report. EPS came in at $0.41, $0.06 better than consensus. Earnings quality was subpar as gross margin was unexpectedly helped by quasi-temporary warranty... More
Best Buy (BBY) Tops Q3 EPS by 6c; Tot. Comps Growth Lagged Expectations
November 19, 2015 7:01 AM ESTBest Buy (NYSE: BBY) reported Q3 EPS of $0.41, $0.06 better than the analyst estimate of $0.35. Revenue for the quarter came in at $8.82 billion versus the consensus estimate of $8.86 billion.
CEO Hubert Joly continued, In the Domestic business, our comparable sales, excluding the impact of installment billing, increased... More
GoPro (GPRO) PT Slashed to $15 at Piper Jaffray Following Latest Checks
November 18, 2015 6:54 AM ESTPiper Jaffray analyst Erinn Murphy cut estimates and her price target on GoPro (NASDAQ: GPRO) to $15.00 (from $20.00) while reiterating an Underweight rating. The analyst cited channel checks suggesting further price pressure.
Murphy commented, "We are incrementally cautious on GPRO as we go deeper into the Holiday season and we... More
