Analysts: Tiffany & Co. Is a Buy and 3 Other Research Notes to Look At
Tiffany & Co. (NYSE:TIF): Sterne Agee upgraded Tiffany & Co. to Buy from Neutral and put a $86 price target on the shares, citing the recent pullback in shares, gross margin expansion, and Tiffany & Co.’s recent hires.
Green Mountain Coffee Roasters (NASDAQ:GMCR): SunTrust lowered Green Mountain’s price target to $80 from $90 to reflect the predicted slower growth for the next several quarters. Green Mountain’s shares are Neutral rated.
Sears Holding Corp. (NASDAQ:SHLD): Cleveland Research’s checks indicate Sears is experiencing significant management turnover in major categories, including appliances and apparel, due to frustrations from the mandated inventory reductions to improve cash flow. The analyst said apparel comps are negative and that the appliances segment is experiencing meaningful share loss. In addition, Kmart suppliers are reducing 2014 forecasts given the inability to compete on price. Sears shares are down 5.61 percent, or $3.34 to $56.23.
Gilead (NASDAQ:GILD): RBC Capital believes Gilead’s announcement of positive idelalisib data in chronic lymphocytic leukemia leaves the company poised to announce more positive data for the treatment in December, which will enable the company to accelerate its earnings per share growth in coming years. Separately, the firm expects Gilead to report strong data for its HCV treatment before the end of the year that will enable it to surpass the competition in that area; the analyst keeps an Outperform rating on the stock.