Wall St. notches minor gains as economic data pours in

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Go back to Wall St. notches minor gains as economic data pours in

Wedbush Raises price Target on Michael Kors (KORS) Following 4Q Report

June 2, 2016 7:36 AM EDT

Wedbush reiterated a Neutral rating on Michael Kors (NYSE: KORS), and raised the price target to $46.00 (from $43.00), following the company's 4Q earnings report. KORS reported an EPS of $0.98, a penny above Wedbush's estimates. The results were driven by better than expected sales and gross margin. The company's 1Q non-GAAP EPS guidance of... More

Mizuho Securities Remains Sidelined on Michael Kors (KORS) Following 4Q EPS Beat

June 1, 2016 2:38 PM EDT

Mizuho Securities reiterated a Neutral rating and $50.00 price target on Michael Kors (NYSE: KORS) following the company's 4Q earnings report. KORS reported an EPS of $0.98, beating the Streets $0.97 estimate. Mizuho decided to adjust its 1Q EPS estimates to $0.72 from $0.94 reflecting global comps of (5)%,... More

BTIG Affirms salesforce (CRM) at 'Buy' Amid Move to Acquire Demandware (DWRE)

June 1, 2016 11:29 AM EDT

BTIG affirms salesforce.com (NYSE: CRM) at Buy with a price target of $100 following news that the company would move to acquire Demandware (NYSE: DWRE).

Analyst Joel P. Fishbein commented, The deal would... More

Sterne Agee CRT Remains Bullish on Under Armour (UA) Following Updated Guidance

June 1, 2016 8:20 AM EDT

Sterne Agee CRT maintained a Buy rating and $60.00 price target on Under Armour, Inc. (NYSE: UA) as guidance is lowered to reflect TSA bankruptcy. EBIT guidance was reduced from $503M-$507M to $440M-$445M. However, despite the lowered guidance, UA remains a top pick for long-term growth... More