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BTIG Downgrades Tractor Supply Following Outlook On 'Sustained Weakness'; Stock Topples
Thursday, September 8, 2016 - 9:11am | 381Read More...Close on the heels of Tractor Supply Company (NASDAQ: TSCO) reducing its full-year outlook, BTIG downgraded the stock from Buy to Neutral, citing "sustained weakness." Following the downbeat guidance and downgrade, the stock tanked more than 14 percent in pre-market trading. In the last four...
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Five Below Initiated Neutral At BTIG On Valuation
Wednesday, August 24, 2016 - 8:48am | 351Read More...Five Below Inc (NASDAQ: FIVE) shares currently trade at an 82 percent premium to the S&P 500, which BTIG’s Alan Rifkin believes fairly reflects the company’s growth prospects. Rifkin initiated coverage of the company with a Neutral rating. Long Runway For Growth The analyst believes...
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Virtual Reality Could Be Revolutionary For Best Buy
Tuesday, August 2, 2016 - 8:23am | 424Read More...As virtual reality (VR) industry sales have been expanding, reaching an estimated $6.00 billion according to Industrial Distribution Group, Best Buy Co Inc (NYSE: BBY) has been referred by some analysts, including BTIG’s Alan Rifkin, to be among a list of companies ready to take advantage of...
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BTIG Analysts Still Positive On Tractor Supply
Thursday, June 30, 2016 - 9:59am | 265Read More...Tractor Supply Company (NASDAQ: TSCO) reported below-expectations 2Q16 results and guidance. BTIG’s Alan Rifkin maintained a Buy rating on the company, while reducing the price target from $115 to $105. The analyst commented that the weakness was weather-related and “does not impact...
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UPDATE: Barclays Downgrades PetSmart, Inc.
Monday, October 6, 2014 - 9:13am | 111Read More...In a note released Monday morning, Barclays analyst Alan Rifkin downgraded shares of PetSmart, Inc. (NASDAQ: PETM) from Overweight to Equal-Weight and lowered the price target from $75 to $70. Rifkin's downgrade is based on two related factors 1) the stock price reflects the possibility of...
