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Nike (NYSE:NKE) is boosted by Argus to Buy from Hold with a lofty price target of $118 on shares. Analysts’ notions are that the Nike+ Fuelband could be a serious revenue driver for the company.
Mattel (NASDAQ:MAT) shares have gone up after the toymaker slam dunks an earnings beat and increases its annual dividend payout to $1.24 per share. Mattel now trades with a 3.97% yield.
J.C. Penney (NYSE:JCP) shares may be overvalued says Chad Brand. He states, “I am steering clear of the soaring stock even though the TV commercials are great.” But, fund manager, Simon Lack makes the bullish case for JCP starting with CEO Ron Johnson, saying, he’s “hard to watch…without feeling a tinge of excitement that we’re at the beginning of something new in retailing.”
Under Armour (NYSE:UA) is raised to Buy from Hold. Needham notes it expects the athletic apparel maker to “solidly exceed” its 2012 guidance, given management’s history of conservative estimates, the brand’s premium positioning and improving consumer sentiment.
Coinstar (NASDAQ:CSTR) creeps higher after renewing a deal with Wal-Mart Stores Inc. (NYSE:WMT) to feature Redbox kiosks at over 3,700 United States Wal-Mart locations. Overall, Coinstar says it now has over 28,000 Redbox kiosks nationwide. Two-thirds of all Americans are within a five-minute drive of one. Rather than submit to the company’s 56-day window for new DVD releases, Coinstar is ending its deal with Warner Bros. (NYSE:TWX).
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