Benchmark

Benchmark reiterates its Buy rating on Fossil (NASDAQ: FOSL) and raised its price target from $85 to $105. Benchmark noted, "The Company reported sales growth in all segments of its business, with sales growth accelerating from Q1 despite macro weakness in Europe and Asia. We believe this is a...

Benchmark reiterated its Buy rating on Priceline.com (NASDAQ: PCLN) but reduced its rice target from $840 to $725. Benchmark said, "We believe 3Q guidance includes management's view of a global “worst case scenario,” anticipating 3Q results will come in at or above the high end of the range, but...

Benchmark reiterated its Hold rating on Tornier NV (NASDAQ: TRNX) and reduced its price target from $23 to $22. Benchmark commented, "We are lowering our 12 month price target from $23.00 to $22.00 based on lower revenue assumptions for 2012 and 2013. Our 12 month price target of $22.00...

Benchmark reiterated a Buy rating on Rackspace Hosting (NYSE: RAX) and a $63 price target. Benchmark commented, “Rackspace reported 2Q12 results that topped Street expectations and dispelled fears of a slowing due to the OpenStack technology transition. All metrics were positive including a return...

Benchmark reiterated a Buy rating on Susser Holdings Corporation (NASDAQ: SUSS) and raised its price target from $38 to $42. Benchmark wrote, “We are raising our 2Q12 EPS estimate to $1.33, from $0.76 on the strength of fuel margins, driven by the falling fuel price environment during the second...

Benchmark downgraded Kratos Defense & Security Solutions (NASDAQ: KTOS) from a Buy to a Hold rating and lowered its price target to $5. Benchmark commented, “Q2FY12 revenue and pro forma EPS came in at $219.8 million and $0.06 vs. a consensus revenue estimate of $226 million and our pro forma...

Benchmark reiterated a Buy rating on Fossil (NASDAQ: FOSL) and lowered its price target from $100 to $85. Benchmark wrote, “Fossil is expected to report Q2 results before the market open on Tuesday, August 7. We expect an in line performance for Q2 versus consensus of $0.78, which is at the middle...

Benchmark reiterated a Buy rating on SBA Communications (NASDAQ: SBAC) and raised its price target from $60 to $70. Benchmark noted, “SBA reported a solid 2Q12 and lifted its guidance slightly. The domestic tower business is doing well with accelerated demand as the big four wireless companies are...

Benchmark reiterated a Buy rating on ValueClick (NASDAQ: VCLK) and a price target of $20. Benchmark wrote, “ValueClick reported solid 2Q12 results with proforma organic growth of 12% y/y. ValueClick lowered it full-year revenue guidance but we had anticipated this. The slight change was due to the...

Benchmark maintained a Buy rating on Coinstar (NASDAQ: CSTR) and a price target of $85. Benchmark noted, “We are modeling 2Q12 EPS of $1.23, on revenue of $551.6 million. We believe that EPS should be slightly above consensus of $1.17 and towards the high end of the $1.09 to $1.24. We contend the...

Benchmark reiterated a Buy rating on Sturm, Ruger & Company (NYSE: RGR) and a price target of $60. Benchmark wrote, “Sturm, Ruger & Company is scheduled to report its Q2FY12 results on Wednesday, August 1, after the close; the call is scheduled for the following morning. We believe Ruger...

Benchmark reiterates a Buy rating on Iconix Brand Group (NASDAQ: ICON) and a price target of $20. Benchmark noted, “We expect EPS in line with our estimate of $0.41, and consensus of $0.41. While we are concerned about the weak comp trend at retailers, Iconix is repurchasing shares and could...

Benchmark reduced its rating on Ceradyne (NASDAQ: CRDN) from Buy to Hold and established a price target of $25 a share. Benchmark commented, "We are downgrading Ceradyne to a HOLD with a new 12-month Price Target of $25 due to higher risk for downside in FY12 and FY13. CRDN's FY12 guidance...

Benchmark initiated its coverage on DSW (NYSE: DSW) with a Hold rating and a $60 price target. Benchmark noted, "[T]he company faces very challenging same-store sales and gross margin comparisons through the end of 2012. We think that there could be some earnings risk and we are concerned that...