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Conns Inc. (NASDAQ:CONN): Piper Jaffray views yesterday’s pullback in Conn’s (NASDAQ:CONN) shares, a result of a negative earnings preannouncement given by hhgregg’s (NYSE:HGG), as a buying opportunity. Piper clarifies that issues with hhgregg are company specific and will not be reflected to Conn’s.
Estee Lauder Companies Inc. (NYSE:EL): Following Estee Lauder’s 8% drop during the past week after the CEO sold stock in the company, BMO Capital mentions that the sales of shares were part of a trading plan begun in December. The firm also states that the company has a history of constantly exceeding initial annual guidance below its current CEO. The firm keeps an Outperform rating on the shares.
Calix Inc. (NYSE:CALX) price target was lowered by UBS after its earnings miss for Q2. The firm credited the miss to a softening spending environment as well as macro and regulation concerns. The shares keep a Buy rating.
Briggs & Stratton Corp. (NYSE:BGG): According to Baird, the risk/reward for Briggs & Stratton is still favorable although its estimates were reduced due to weakening demand on lawn and garden as well as European fundamentals. Because of low expectations, on-track restructuring initiatives, and a high short interest, the firm keeps its Outperform rating on the stock.
ADTRAN Inc. (NASDAQ:ADTN) price target was reduced after Q2 results were below expectations. The firm blames limited visibility and a cautious carrier spending environment. Shares keep a buy rating.
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