Wall Street falls, snapping three-day rally; Wal-Mart weighs

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Go back to Wall Street falls, snapping three-day rally; Wal-Mart weighs

Jefferies Cuts Perrigo's (PRGO) Price Target Following Weak BCH Results

February 19, 2016 9:05 AM EST

Jefferies maintained a Buy rating on Perrigo Co. (NYSE: PRGO), and cut the price target to $163.00 (from $209.00), following BCH results. The surprisingly weak Q4 BCH results has Jefferies cutting PRGO's FY16-20 rev estimates by 16%. While BCH surprised to the downside, there is... More

Piper Jaffray Reiterates Overweight on Nordstrom (JWN) - PT to $62

February 19, 2016 7:47 AM EST

Piper Jaffray maintained an Overweight rating on Nordstrom (NYSE: JWN), and cut the price target to $62.00 (from $68.00), following the company's 4Q. JWN offered their initial 2016/FY17E guidance below the consensus mark. This guidance reflects net sales increase of 3.5% to 5.5% driven by new store growth and a flat to +2% comparable-store sales gain for the year. Piper... More

Cowen Cuts Price Target as Nordstrom's (JWN) Weak Traffic Continue Through 4Q

February 19, 2016 6:51 AM EST

Cowen maintained an Outperform rating on Nordstrom (NYSE: JWN), and cut the price target to $53.00 (from $55.00), following the company's 4Q earnings report. JWN provided initial FY16 EPS guidance of $3.10-3.35. This EPS guide implies FY16 EPS growth of -6% to +1%... More