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Lower Expectations For Texas Roadhouse Make A Nice Set-Up For Q3
Thursday, October 20, 2016 - 2:46pm | 301Read More...Texas Roadhouse Inc (NASDAQ: TXRH) operates over 400 restaurant locations across the United States. While the company is benefiting from lower beef prices, decelerating SRS figures appear to be offsetting the lower costs Texas Roadhouse is experiencing. "We are impressed with TXRH's recent...
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Buckingham Thinks The Probability Of A Deal For Imperva Has Clearly Decreased
Thursday, October 20, 2016 - 1:35pm | 267Read More...Buckingham has cut its target price on Imperva Inc (NYSE: IMPV) shares by $10 to $45 on decreasing prospects of a deal in the near term. However, the brokerage reiterated its Neutral rating and the $45 target assumes a 50 percent likelihood of a sale. Media reports say a sale process has been...
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Outlook Should Be The Focus For Allegheny's Q3 Report, Says Buckingham
Friday, October 7, 2016 - 3:32pm | 430Read More...Buckingham Research is bullish on Allegheny Technologies Incorporated (NYSE: ATI) despite expecting a disappointing third quarter print on October 25. The brokerage cut its non-GAAP third quarter/2016 EPS view to $(0.19)/$(0.81) from $(0.01)/$(0.69) to reflect a lower cost reduction benefit than...
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Buckingham Remains Buyers Of CH Robinson
Friday, October 7, 2016 - 11:43am | 248Read More...Buckingham sees about 15 percent upside potential in C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW), citing gains from market share and balance sheet. The firm lifted the target price from $79 to $81 while retaining a Buy rating on the company's stock. Analyst Ryan Mueller believes the...
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This Analyst Sees Less Than 1% Upside Remaining In Cooper-Standard Shares
Tuesday, September 27, 2016 - 3:52pm | 193Read More...Buckingham Research downgraded Cooper-Standard Holdings Inc (NYSE: CPS) to Neutral from Buy as it believes the near-term risk/reward is now fairly balanced. Meanwhile, the brokerage's new $105 price target (from $101), implies just about 1 percent upside. "While we continue to...
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Government Food Benefit Cuts Could Be Bigger Headwind For Dollar General Than Dollar Tree
Monday, September 26, 2016 - 4:10pm | 551Read More...While discussing the faster rate of decline in government food benefits in June, Buckingham Research said it believes Dollar Tree, Inc. (NASDAQ: DLTR) may be less impacted than Dollar General Corp. (NYSE: DG). The firm estimates a 10–20 basis point hit for the former, compared to the 20...
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Copa Holdings Management Has A Credible Plan To Boost Margins: Buckingham
Monday, September 26, 2016 - 2:28pm | 278Read More...Buckingham sees potential 30 percent upside in Copa Holdings, S.A. (NYSE: CPA) shares as it reiterated its Buy rating and raised its price target to $116 from $92 on prospects for strong margin growth. At its investor day, the company said revenue and cost initiatives will likely contribute 4-5...
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4 Reasons Finish Line Shares Could Remain Range-Bound In The Near Term
Monday, September 26, 2016 - 1:25pm | 418Read More...Buckingham Research has downgraded Finish Line Inc (NASDAQ: FINL) to Neutral from Buy on high expectations, lack of EPS upside and full valuation. Analyst Scott Krasik gave four reasons why the stock could remain range-bound in the near to medium term: "Comp expectations are higher than before...
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A Peek Into The Markets: U.S. Stock Futures Drop Ahead Of Jobless Claims
Thursday, August 25, 2016 - 7:40am | 512Read More...Pre-open movers U.S. stock futures traded lower in early pre-market trade. Data on durable goods orders for July and initial jobless claims for the latest week will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average dropped 42 points to 18,430.00, while the...
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American Airlines Sees Brexit Effect Limited; Buckingham Research Ups Price Target
Monday, July 25, 2016 - 3:52pm | 418Read More...Although immediately after the Brexit vote, Buckingham Research trimmed its 2017 revenue estimate for American Airlines Group Inc (NASDAQ: AAL) by $1 billion, the firm noted that management sees limited impact from the development, ex-forex. This has led the firm to raising its valuation multiple...
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American Airlines Book Value Rising Faster Than Its Debt, Says Buckingham
Friday, July 15, 2016 - 10:23am | 459Read More...Buckingham Research said the book value of American Airlines Group Inc (NASDAQ: AAL) is rising faster than its debt, as the firm maintained its Buy rating on the stock. Recent Performance And Expectations "AAL has adopted a deliberate strategy of using aircraft financing, resulting in higher...
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Buckingham Sees 18% Upside In E*Trade Financial Shares
Wednesday, July 13, 2016 - 11:53am | 157Read More...Buckingham initiated coverage on E*TRADE Financial Corp (NASDAQ: ETFC) with Neutral Rating. Its $29 price target implies 18 percent upside from current levels. The analysts provided several positive aspects for the company, including: Solid EPS growth potential (forecasting 31 percent/11...
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Is Imperva A Likely Takeover Target Following Q2 Negative Pre-Announcement?
Wednesday, July 13, 2016 - 9:33am | 432Read More...Buckingham Research recommends investors build positions in Imperva Inc (NYSE: IMPV) shares, as it sees increased shareholder activism following the recent negative pre-announcement, which could possibly be leading to a sale of the company. Imperva, a cybersecurity firm, now sees second-quarter non...
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4 Reasons To Add Positions Of DSW Shares
Wednesday, July 13, 2016 - 8:47am | 432Read More...DSW Inc. (NYSE: DSW) could see the benefits of its new "Kids' Footwear" initiative beginning in the third quarter and then become "meaningfully more accretive" moving into FY17 and FY18, according to a note from Buckingham Research. Kickin' Kids Shoes On July 1, DSW rolled out Kids' Footwear in 203...
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Buckingham Sees Limited Downside To Big Banks Ahead Of CCAR Test Results
Monday, June 20, 2016 - 3:01pm | 334Read More...Bank traders may no longer get on the edge of their seats ahead of the annual CCAR results, but in a very weak 2016, banks could use any bit of good news they can find. According to Buckingham analyst James Mitchell, a bit of good news is exactly what the market should expect. Buckingham is...
