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General Mills (GIS) PT Lowered to $56 at Susquehanna Following 1Q Release
September 20, 2017 2:17 PM EDTSusquehanna lowered its price target on General Mills (NYSE: GIS) to $56.00 (from $58.00) while maintaining a Neutral rating following the company's 1Q earnings report. GIS kept FY18 guidance despite missing EBIT consensus by 8c. However, the bulk of the miss was gross margin... More
Western Digital (WDC) Releases Statement on Toshiba’s Intent to Transfer Flash JV Interests to a Consortium Led by SK Hynix and Bain Capital
September 20, 2017 11:41 AM EDTWestern Digital Corp. (NASDAQ: WDC) today commented on Toshiba Corporations (Toshiba) proposed transfer of its interests in its NAND flash-memory joint ventures operated with Western Digitals SanDisk subsidiaries (JVs) to a consortium led by Korea-based SK Hynix Inc. and Bain Capital:
Our goal all along has been to reach a mutually beneficial... More
Bed Bath & Beyond (BBBY) PT Lowered to $22 at BofA/Merrill Lynch Following 2Q
September 20, 2017 9:26 AM EDTBofA/Merrill Lynch lowered its price target on Bed Bath & Beyond (NASDAQ: BBBY) to $22.00 (from $27.00) while maintaining a Underperform rating following the company's 2Q earnings release. BBBY reported 2Q EPS of $0.67 vs. $1.11 LY and below $0.94 estimates. GM decreased 99bp, and SG&A deleveraged... More
Bed Bath & Beyond (BBBY) PT Lowered to $30 at Barclays Following 2Q
September 20, 2017 8:47 AM EDTBarclays lowered its price target on Bed Bath & Beyond (NASDAQ: BBBY) to $30.00 (from $40.00) while maintaining a Equalweight rating as the company begins transformational initiatives outlined on the 2Q17 earnings call.
BBBY reported 2Q17 EPS of $0.67. Barclays lowered FY17E and FY18E EPS to $3.00 and $3.00, from $4.00 and $4.10, respectively.
... More