-
SunTrust: Twitter Inc Mulls Acquisition With $1.3 Billion Note Deal
Thursday, September 11, 2014 - 11:42am | 243Read More...Twitter Inc's (NYSE: TWTR) plan to raise $1.3 billion in a private placement of convertible notes suggests it may be mulling an acquisition. SunTrust's Bob Peck said Wednesday that raising capital for a rainy day at currently attractive rates is "prudent." But he added that...
-
UPDATE: SunTrust Initiates Coverage On Netflix, Inc. On Valuation
Wednesday, September 10, 2014 - 8:16am | 200Read More...SunTrust analyst Bob Peck Initiated coverage of Netflix, Inc. (NASDAQ: NFLX) Wednesday with a Neutral rating and a $525 Price Target. The firm still believes Netflix to be the dominant Internet streaming video service, but valuation concerns leads them to wait for a pullback in share prices...
-
SunTrust Sees Further Pfizer Inc. Bid For AstraZeneca PLC (ADR) 'Highly Likely'
Tuesday, September 2, 2014 - 3:35pm | 195Read More...Pfizer Inc. (NYSE: PFE) is likely to boost its offer for British drug maker AstraZeneca PLC (ADR) (NYSE: AZN) to $96.28 a share, an analyst said Tuesday. SunTrust's John Boris said a deal would cut Pfizer's tax rate to 20 percent and said potential Treasury inversion action blocking...
-
Williams-Sonoma No Longer Immune To Promotional Pressures
Friday, August 29, 2014 - 7:01am | 310Read More...Williams-Sonoma (NYSE: WSM) closed down nearly 12 percent Thursday on a weaker than expected outlook suggesting the hardlines retailer is no longer immune to mounting competitive pressures in the sector. Street estimates and management guidance "could prove optimistic in an aggressively...
-
Underwriters Launch Coverage On Healthequity With Outperform
Monday, August 25, 2014 - 4:36pm | 297Read More...Healthequity (NASDAQ: HQY) saw coverage initiated at Outperform Monday by at least four investment banks that served as underwriters of the company's initial public offering. Shares were down nearly three percent in late trading. The company, which offers health care savings accounts and related...
-
JD.com Gets Break On Top-Line Miss; SunTrust Likes Growth Rate
Monday, August 18, 2014 - 11:32am | 213Read More...JD.com (NASDAQ: JD) got a break from at least one analyst Monday after the Chinese e-commerce company posted a wider-than-expected loss. SunTrust's Robert Peck cited the company's continued high growth rate in maintaining his Buy rating and $35 target. "Operating profit was more...
-
SunTrust's Robert Peck Sees $300 Million Gross Profit In Amazon's Local Register
Thursday, August 14, 2014 - 11:24am | 219Read More...Amazon.com's (NASDAQ: AMZN) launch of a mobile credit card reading device could add one percent to its annual gross profit, one analyst said Thursday. Called the Amazon Local Register, it's priced to undercut existing comparable devices including those from eBay's (NASDAQ: EBAY)...
-
Whole Foods Market Analyst Roundup
Thursday, July 31, 2014 - 3:54pm | 162Read More...Whole Foods Market (NASDAQ: WFM) reported its third quarter earnings after the closing bell Wednesday and the results sent the stock tumbling. In response to what some are calling disappointing quarterly results, analysts have put out reports describing their opinions on the stock. SunTrust...
-
SunTrust Sees Facebook Gain From App Install Ads On Instagram Unit
Monday, July 28, 2014 - 3:10pm | 288Read More...Facebook (NASDAQ: FB) got plenty of buzz for itself last week when an ad appeared briefly on its Instagram service for a so-far non-existent Facebook app called Bolt that would offer competition to the mighty Snapchat. Snapchat rejected a $3 billion offer from Facebook last year, and it's...
-
Analyst Round Up On Pandora
Friday, July 25, 2014 - 3:24pm | 286Read More...Pandora Media (NYSE: P) reported Q2 2014 earnings Thursday, releasing an EPS of $0.04 compared to analysts estimates of $0.03 and revenue of $218.90 million compared to consensus estimate of $218.51 million. Following its earnings, multiple sell-side analysts released coverage on the company...
-
Tripadvisor Falls Sharply On Q2 Miss; Analysts Say Growth Priced In
Thursday, July 24, 2014 - 12:59pm | 222Read More...Tripadvisor (NASDAQ: TRIP) shares fell sharply Thursday after it missed second-quarter profit expectations and said higher advertising costs will cut future earnings. The stock traded recently down 8.6 percent to $98.06. SunTrust's Robert Peck maintained a Neutral rating for the online...
-
Google's Outlook Enchants Analysts; Q2 Rev Up 22%, Ad Prices Down 6%
Friday, July 18, 2014 - 4:17pm | 362Read More...Google (NASDAQ: GOOGL) gained more than 4 percent Friday after reporting a 22 percent increase in second-quarter revenue. The company missed earnings expectations but analysts were broadly impressed by its second-quarter performance and outlook. Deutsche Bank analyst Ross Sandler called...
-
EBay Plus And Minuses In Balance Following Q2, SunTrust Analyst Says
Thursday, July 17, 2014 - 1:19pm | 229Read More...EBay's (NASDAQ: EBAY) negatives and positives appear to balance out in the wake of its second-quarter performance, SunTrust analyst Robert Peck said Wednesday. EBay's bottom line beat the consensus by a penny, although its revenue missed expectations by a whisker. http://www.benzinga.com/news/...
-
SunTrust Sees Amazon Boosting Q3 Outlook Next Week
Thursday, July 17, 2014 - 11:36am | 264Read More...Amazon (NASDAQ: AMZN) is likely to boost its outlook based on the launch of its Fire phone when it posts second-quarter results, one analyst said. SunTrust's Robert Peck expects a strong second quarter in line with Street views when Amazon reports on July 24, but the company's guidance...
-
SunTrust: Facebook Looking At Strong Q2, Future Growth
Wednesday, July 16, 2014 - 9:18am | 195Read More...Facebook's (NASDAQ: FB) second-quarter results are widely expected to reveal strong performance when the company reports July 23. SunTrust's Robert Peck reiterated a Buy rating and $72 target Wednesday, forecasting second-quarter earnings of $0.33 per share on revenue of $2.86 billion....


