Worst day in 10 months as Wall Street reacts to 'Brexit'
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- Wall St futures pause after AI rally, focus on Mideast tensions
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- Paramount, Warner Bros jump on report of settlement progress in merger fight
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- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
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Cowen Largely Positive on Macy's (M) CEO Succession Plans; Affirms at 'Market Perform'
June 23, 2016 2:20 PM EDTCowen and Company affirms its Market Perform rating on Macy's (NYSE: M) amid the company's announcement of a CEO transition earlier Thursday.
Analyst Oliver Chen commented today, President Jeff Gennette to start as CEO 1Q17, replacing Terry Lundgren who will remain as Chairman. Mr. Gennette is a 33-yr veteran of Macy's: experience in both... More
Red Hat (RHT) Results Solid and Guidance Appears Conservative - Credit Suisse
June 23, 2016 8:57 AM EDTCredit Suisse analyst S. Panigrahi reiterated an Outperform rating and $95 price target on Red Hat (NYSE: RHT) following Q1 results, which they called 'solid'. Guidance also appears conservative.
Panigrahi commented, " Red Hat reported May quarter results with revenue, billings, deferred revenue, and cash flow above consensus expectations, driven by strong sales execution, increased cross... More
Drexel Hamilton Reiterates Buy on Red Hat (RHT) Following Solid 1Q Earnings
June 23, 2016 8:47 AM EDTDrexel Hamilton reiterated a Buy rating and $105.00 price target on Red Hat (NYSE: RHT) following the company's 1Q earnings report. Red Hat reported sales of $567.9 million, which beat the Street's $562.6 million estimate. Pro forma EPS of $0.50 was in-line with the Street.
Analyst Brian... More
