Harley-Davidson Estimates Lowered at Northcoast on Difficult Retail Environment

Harley-Davidson Estimates Lowered at Northcoast on Difficult Retail Environment

Northcoast reduced estimates on Harley-Davidson (HOG) to reflect difficult retail environment seen in September as reflected in their survey of dealers suggesting high-single to low-double-digit declines at retail during the month. The analysts cut unit shipment assumptions by 4,000 units and now sit at the low end of guidance range of 39,000 to 44,000 units. Northcoast said discussions with dealers suggest that used bikes continue to outperform new models. Many […]

Read More ˃
Nordstrom Family Suspends Going-Private Negotiations Until After Holiday Season

Nordstrom Family Suspends Going-Private Negotiations Until After Holiday Season

Nordstrom (JWN) shares are trading more than 6% lower before Monday’s opening bell after the Nordstrom family informed the board of directors that they have suspended negotiations to take the company private until after the holiday season. The decision follows the news from several weeks ago that the family is having difficulty obtaining financing to take the department store private. The family will need both debt and equity financing before […]

Read More ˃
BMO Ups Match Group Price Target to $30 From $21

BMO Ups Match Group Price Target to $30 From $21

BMO on Friday has raised its price target for Match Group (MTCH) to $30 from $21 while keeping its outperform rating, betting on growth potential of its popular mobile app dating, Tinder. BMO Media and Internet analyst Daniel Salmon said in a note Tinder has tremendous monetization opportunity ahead and will maintain the leadership position in mobile app dating, raising his revenue growth estimate and average revenue per user. He […]

Read More ˃
Kemper Awarded $84.3 Mln Plus Interest in Arbitration

Kemper Awarded $84.3 Mln Plus Interest in Arbitration

Kemper (KMPR) said it received a favorable ruling in a confidential arbitration proceeding against a software vendor and has been awarded $84.3 million plus interest. Separately, it said it expects Q3 results will include pre-tax catastrophe losses between $30 million to $37 million, including the impacts of Hurricanes Harvey and Irma and adverse development from re-estimates of losses from catastrophes that occurred in the first half of 2017. Except for […]

Read More ˃
Sonic Automotive Issues Q3 EPS Guidance Below Street Estimates Due to Impact of Hurricanes Harvey and Irma

Sonic Automotive Issues Q3 EPS Guidance Below Street Estimates Due to Impact of Hurricanes Harvey and Irma

Sonic Automotive (SAH) provided late Wednesday guidance for Q3 and fiscal 2017, including the negative impact of Hurricanes Harvey and Irma on its operations, with a Q3 outlook below Street expectations. Shares were down 3.1% in the after hours session. Sonic said it expects to report GAAP earnings per share from continuing operations for Q3 ranging between $0.44 and $0.46 and adjusted earnings per share from continuing operations ranging between […]

Read More ˃