Benchmark

Benchmark maintained a Hold rating on FLIR Systems (NASDAQ: FLIR) and lowered its price target to $18. Benchmark commented, “The company expects Q2 sales and EPS to be approximately $338 million (down 13% y/y) and $0.26 vs. consensus estimates of $380 million and $0.36. Excluding one-time...

Benchmark initiated coverage on LSI Corporation (NYSE: LSI) at a Hold rating and a $6.50 price target. Benchmark noted, “We are initiating coverage of LSI Corp with a Hold rating and $6.50 price target. Some may ask why we are not more constructive with our investment rating. After all, LSI shares...

Benchmark reiterated a Buy rating and a price target of $35 on ARM Holdings (NASDAQ: ARMH). Benchmark commented, “ARM is scheduled to report 2Q12 results ahead of the market open on July 25. While CY12 Street estimates for chip companies, on average, continue to be revised down, we believe ARM...

In a research report published this morning by Benchmark, Google (NASDAQ: GOOG) has slowed in domestic search growth. According to Benchmark, "Google is scheduled to report 2Q12 results next Thursday. Recent domestic industry data supports our view that y/y search spending growth slowed from 1Q12...

Benchmark reiterated its Buy rating on PriceSmart (NASDAQ: PSMT) but reduced its price target from $87 to $80. Benchmark commented, "While PriceSmart's operating margin declined on one-time costs and a lack of leverage of SG&A, despite double digit comps, management implemented its first...

According to a research report published this morning, The Benchmark Company increased Smith & Wesson's (NASDAQ: SWHC) PT to $11. In the report, Benchmark said, "Yesterday the FBI released its NICS (National Instant Criminal Background Check System) results for June; adjusted NICS, which are...

Benchmark is out with a research report this morning reviewing PriceSmart (NASDAQ: PSMT) ahead of company earnings expected Monday, July 9, after the market close. Benchmark has a Buy rating and $87 price target on the company. In the report, Benchmark stated, "In late August, the Company opened...

Benchmark initiates its coverage on BioClinica (NASDAQ: BIOC) with a Buy rating and a price target of $8. Benchmark says, "Last week we spent a day in Philadelphia at the Drug Information Association tradeshow, which was held June 24-28. This event highlights services to the pharmaceutical...

Benchmark reiterates its Buy rating on Perry Ellis International (NASDAQ: PERY) and raises its price target from $22 to $26. Benchmark notes, "While we do not expect Perry Ellis to report 2Q13 until mid-August and its quarter does not end until the end of July, we believe new and improved...

Benchmark raises its rating on The McGraw-Hill Companies (NYSE: MHP) from Hold to Buy and establishes a $53 price target. Benchmark notes, "We upgrade shares of McGraw-Hill (MHP) from Hold to Buy with a $53 price target to reflect strong growth prospects of McGraw-Hill‘s financial operations and...

Benchmark initiates its coverage on Symmetry Medical (NYSE: SMA) with a Hold rating and a price target of $10 per share. Benchmark notes, "We are initiating coverage of Symmetry Medical (SMA) with a Hold rating and a 12-month price target of $10.00. Our twelve month price target represents 17.5...

Benchmark lowers its rating on GeoEye (NASDAQ: GEOY) from Buy to Hold and lowers its price target to $20 a share. Benchmark comments, "After Friday's close, the National Geospatial-Intelligence Agency (NGA) informed GEOY that it would not fully exercise GEOY's year three EnhancedView (EV)...

Benchmark reiterates its Hold rating on Google (NASDAQ: GOOG) and lowers its price target from $650 to $615. Benchmark notes, "We reduce estimates based on our 2Q channel checks. We believe Google is likely to miss the consensus estimate for net revenue due to the following: European online...

Benchmark maintains its Hold rating and $17 price target on Yahoo (NASDAQ: YHOO) as the company is expected to struggle in Q2 of 2012. Benchmark notes, "Indications are that Yahoo's display and search segments continued to struggle in 2Q12. European and Euro weakness is not especially material to...

Benchmark reiterates its Buy rating on Rackspace Hosting (NYSE: RAX) but reduces its price target from $66 to $63. Benchmark comments, "Rackspace stock is down 29% from its high recently as investors are increasingly concerned about near-term cloud growth. We expect any negative impact of the...