Benchmark

The rumored merger is official. Zillow (NASDAQ: Z) will be taking ownership of Trulia (NYSE: TRLA) in an all stock transaction for $3.5 billion. “A Zillow-Trulia merger would garner instant scale and be the dominant force in the online real estate market,” wrote Benchmark analyst...

Analysts at Benchmark downgraded Electronic Arts (NASDAQ: EA) from Buy to Hold. The target price for Electronic Arts has been raised from $41.01 to $41.82. Electronic Arts shares have jumped 41.83% over the past 52 weeks, while the S&P 500 index has surged 17.86% in the same period....

In a report published Thursday, Benchmark analyst Daniel Kurnos commented on Amazon's (NASDAQ: AMZN) release of the Fire smartphone, calling it “another smart product.” Features of the Fire Smartphone The Fire smartphone combines existing Amazon technologies such as X-Ray,...

In a note dated June 17, Benchmark analyst Gary Mobley downgraded Broadcom (NASDAQ: BRCM) from Buy to Hold and maintained a $40 price target. Mobley began the note by referencing Broadcom's June 2 announcement to divest its cellular baseband business. He continued by stating that, while the firm is...

Wall Street appeared comfortable with the latest big healthcare merger, this one the acquisition of Covidien (NYSE: COV) by Medtronic (NYSE: MDT), a deal which turns eyes to Johnson & Johnson (NYSE: JNJ). "We expect many investors will expect J&J to buy something in the cardiac...

In a note released Monday, Benchmark analyst Ronald Bookbinder upgraded shares of Big Lots (NYSE: BIG) from Hold to Buy and increased the firm's price target from $36 to $49. In describing his position on the company, Bookbinder acknowledged that the outlook for operating margin in the current...

Shares of World Wrestling Entertainment (NYSE: WWE) slumped more than 47 percent in early trade after the company forecast a bigger-than-expected loss for the full-year prompting brokerage Benchmark to cut its rating on the company's stock from Buy to Hold. The full-year outlook of a loss ranging...

In a note released Monday, Benchmark upgraded Fossil (NASDAQ: FOSL) from Hold to Buy and maintained its $125 price target. With Fossil scheduled to release Q1 earnings on May 13 after the close, Benchmark provided the following expectations. Q1 EPS $1.18 ~15 percent of revenue attributable to...

Amazon.com (NASDAQ: AMZN) on Thursday reported financial results for the first quarter ending March 31, 2014. Founder and CEO of Amazon.com Jeff Bezos commented, “We get our energy from inventing on behalf of customers, and 2014 is off to a kinetic start. Our device team launched Fire TV, offering...

On Thursday, Priceline.com Incorporated (NASDAQ: PCLN) reported fourth quarter and full-year 2013 results following the market close. Fourth Quarter Results Summary Priceline.com reported Q4 EPS of $8.85 versus the estimated $8.29, beating by $0.56. EPS were up 31% from the same quarter last...

In a report published Friday, Benchmark analyst Daniel Kurnos reiterated a Buy rating on Amazon.com (NASDAQ: AMZN) and raised the price target from $400.00 to $500.00 based on the expectations for meaningful margin expansion over the next few years. On Thursday, Amazon reported fourth quarter and...