Analyst Alerts: Amarin, E Commerce China, Bed Bath & Beyond, GameStop, Wal-Mart May 17th
Amarin Corporation plc (NASDAQ:AMRN): After Amarin submitted amended claims and two more declarations to the U.S. Patent Office , Leerink believes that the conclusion of the company’s patent attorney sounds encouraging. The firm expects the patent office to respond by August 17,and it reiterates an Outperform rating on the stock.
E Commerce China Dangdang Inc (ADR) (NYSE:DANG): After Dangdang reported higher than expected EPS but lower than expected revenue, Piper Jaffray believes that the company’s new strategy of enlisting third-party retailers is positive. The firm continues to be bullish about the long-term outlook for the Chinese e-commerce sector and maintains an Overweight rating on the stock.
Bed Bath & Beyond, Inc. (NASDAQ:BBBY): After Bed Bath & Beyond announced that it would buy Cost Plus for $22 per share, Argus thinks that the deal will enable the company to add new merchandise to its stores. The firm believes that the deal will also enable the company to “add excitement” to its stores, and it maintains an $80 target and Buy rating on the stock.
GameStop Corp. (NYSE:GME): Piper Jaffray reduced its target on GameStop after the company provided weaker than expected Q2 and FY12 comp store sales guidance. The firm estimates that the company’s FY12 results will come in at the low end of guidance due to industry headwinds, and it maintains a Neutral rating on the stock.
Wal-Mart Stores Inc. (NYSE:WMT): After Wal-Mart reported higher than expected Q1 EPS, Robert W. Baird believes that the company reported solid results. The firm thinks that the company’s sales momentum is building and it reiterates a $70 target and Outperform rating.
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