KIT digital, Inc. (NASDAQ:KITD) price target has been lowered by ThinkEquity due to disappointing Q2 results, cash burn, and lack of visibility. Shares have a Neutral rating.
Guess? Inc. (NYSE:GES) estimates have been reduced by Brean Murray, and it is still far below Street estimates because of foreign exchange, competitive pressures, and denim wars. The firm stated that they would be buyers ahead of earnings since they think that if the world economy and foreign exchange stabilize it ma drive strong and bottom line results. Shares have a Buy rating and a $37 price target.
Kodiak Oil (AMEX:KOG): After visiting Kodiak’s operations in the Williston Basin, BMO Capital sees the company as a takeover target again and keeps an Outperform rating on the stock.
Bank of America Corporation (NYSE:BAC): JPMorgan has increased its Q3 EPS estimates for several banks, and the largest increases have been made to forecasts for Bank of America, Regions Financial (NYSE:RF) and SunTrust (NYSE:STI), due to higher than expected mortgage origination revenues and better than expected net interest margins in the near term. The firm stated that among the large cap banks it covers, BofA could see relatively a little more benefit from rising Treasury yields, while Citigroup (NYSE:C) could see the least benefit.
Lowe’s Companies Inc. (NYSE:LOW): According to Baird, any weakness in Lowe’s today should be bought due to soft Q2 results. The firm blamed its struggles on a merchandising transition but claimed that comps were no worse than expected and said that inventory was well controlled. Shares have an Outperform rating and a $34 price target.
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