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Canaccord Says Citron's Short Report On TransDigm Creates Buying Opportunity
Monday, January 23, 2017 - 2:29pm | 336Read More...Canaccord Genuity reiterated its Buy rating and $325 price target on TransDigm Group Incorporated (NYSE: TDG), saying Citron’s short report on the stock creates a buying opportunity. On January 20, Citron Research published a report on TransDigm, saying President Donald Trump will now come...
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Athleisure Bubble? Lululemon Could Face Trouble Heading Into Q3
Monday, December 5, 2016 - 3:51pm | 349Read More...Lululemon Athletica inc. (NASDAQ: LULU) has been crushed ever since the company released its second-quarter results in September, with shares down over 25 percent. The athletic apparel favorite experienced a good run up in the beginning of the year, banking on the “athleisure trend,”...
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Canaccord Not Looking To Snatch Shares Of Michael Kors Ahead Of Challenging Q2
Tuesday, November 8, 2016 - 3:53pm | 334Read More...Michael Kors Holdings Ltd (NYSE: KORS) has had a solid year from a stock perspective, but Canaccord analysts aren’t sold on the brand heading into its second-quarter report due out on Thursday. Sidelined And Cautious Canaccord remains cautious on the accessory and footwear/apparel maker,...
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Canaccord Lifts Itron Price Target After Meeting With Management
Monday, October 3, 2016 - 2:31pm | 283Read More...Itron, Inc. (NASDAQ: ITRI) shares have been on quite a run so far in 2016, but Canaccord believes the stock still has plenty of room to the upside. According to analyst John Quealy, Itron offers investors a favorable risk/reward balance. Now that project outlook has become clearer and the...
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Workday Is Growing Into Its Valuation
Monday, October 3, 2016 - 2:17pm | 261Read More...Workday Inc (NYSE: WDAY) has enough growth potential and valuation to see the stock crossing the $100 mark and even reach $120 in the next six-month period in a bullish scenario. Canaccord analysts Richard Davis and David Hynes Jr. increased their target price from $98 to $110. The comments...
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Analysts React To Nike's Q1 Results
Thursday, September 29, 2016 - 8:53am | 700Read More...Here is a compilation of the best reactions and insightful perspectives offered by sell-side analysts to Nike Inc (NYSE: NKE)'s mixed fiscal-first-quarter earnings report. BofA Merrill Lynch: Neutral, Cuts 2017 EPS Estimate Bank of America's Neutral rating is premised on Nike losing market share in...
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Analysts Largely Bullish On Nike Ahead Of Q1 Earnings
Monday, September 26, 2016 - 3:16pm | 415Read More...Ahead of the earnings announcement from Nike Inc (NYSE: NKE) on Tuesday, most of the brokerages remain bullish regarding the company's results. Similarly, nearly every analyst who has issued a recent analysis has reiterated their rating on the company's stock. During mid-day trading Monday,...
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Thomson Reuters Is Canaccord's Favorite Yield Play In Media
Wednesday, September 7, 2016 - 3:58pm | 233Read More...Canaccord Genuity analysts picked up Thomson Reuters Corp (NYSE: TRI) in the media sector as a favorite yield play, saying fundamentals are strengthening in both the professional and F&R divisions. They kept a Buy rating and $47 price tag. The brokerage thinks the dividend growth pace might...
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Canaccord Talks Ambarella's Strong Results, Conservative Guidance And GoPro Headwinds
Friday, September 2, 2016 - 12:32pm | 371Read More...Ambarella Inc (NASDAQ: AMBA) delivered some impressive Q2 numbers on Thursday. Despite the market’s negative reaction, Canaccord analyst Matthew Ramsay remains bullish on the stock. Ambarella delivered non-GAAP EPS of $0.54 on revenue of $65.1 million in Q2. Both numbers beat consensus...
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IPG Photonics Trading At 'Significant Discount' To Historical Value, Says Canaccord
Wednesday, July 20, 2016 - 1:36pm | 248Read More...Canaccord Genuity provided its outlook on IPG Photonics Corporation (NASDAQ: IPGP) on Tuesday. The company maintains its Buy rating and $90 price target on IPG shares. "While we expect further significant revisions to estimates to be behind the company with guidance for this year having already...
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Intuitive Surgical Shares Expected To Trade Significantly Higher, Says Canaccord
Wednesday, July 20, 2016 - 1:31pm | 431Read More...Canaccord Genuity has raised its price target on the shares of Intuitive Surgical, Inc. (NASDAQ: ISRG) by $50 to $750 after the firm's blowout second-quarter print. "We expect the stock to trade materially higher, as we are increasingly confident robotic-assisted surgery devices (RASD) are in the...
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Microsoft Shares Are Neither 'Cheap Nor Expensive,' Canaccord Says
Wednesday, July 20, 2016 - 1:18pm | 352Read More...Microsoft Corporation (NASDAQ: MSFT) shares are surging 6.2 percent on Wednesday following the company’s Q2 earnings beat. Canaccord analyst Richard Davis admits that the numbers from Microsoft were strong, but he is still not convinced the stock is a Buy. Canaccord was hoping for a pullback...
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Canaccord Lowers Price Target On Ericsson Shares To $7
Wednesday, July 20, 2016 - 12:37pm | 155Read More...Canaccord Genuity reiterated its Hold rating on Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), lowering the price target to $7 from $8.50. The analysts reduced their 2016/2017 non-IFRS EPS estimates from $0.66/$0.71 to $0.44/$0.52. Ericsson posted Q2 non-IFRS EPS of SEK0.83, below SEK1.06...
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V.F. Corp's Contemporary Division Sale Welcomed By Canaccord Analysts
Friday, July 1, 2016 - 1:35pm | 284Read More...Canaccord Genuity reaffirmed its Buy rating on VF Corp (NYSE: VFC) and welcomed the apparel company's sale of its contemporary unit and expects similar deals in future. As part of its strategy to overhaul its portfolio, V.F. Corp agreed to sell its contemporary brands business to Israeli textile...
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Analysts See Volatile Q2 And Q3 Followed By A Strong Q4 For Netflix
Friday, July 1, 2016 - 10:53am | 280Read More...After being the top-performing stock in the entire S&P 500 in 2015, Netflix, Inc. (NASDAQ: NFLX) is down 20.0 percent so far in 2016. According to Canaccord analyst Michael Graham, Netflix shareholders’ 2016 may be on the brink of a major turnaround. Canaccord has initiated coverage on...












