Wedbush Morgan

Analysts at Wedbush Morgan reiterate their "outperform" rating on PetSmart (NASDAQ: PETM). The target price for PETM is set to $35. PetSmart is scheduled to report its Q1 results after the market closes on May 19. Wedbush Morgan expects PETM’s results to be on the better than the “guidance for Q1...

Analysts at Wedbush Morgan maintain their "neutral" rating on Blockbuster (NYSE: BBI), while reducing their estimates for the company. The target price for BBI is set to $0.75. BBI posted Q1 results in-line with the expectations. BBI again has not issued “forward guidance except to say that the...

Analysts at Wedbush Morgan reiterate their "outperform" rating on Salix Pharmaceuticals (NASDAQ: SLXP). The target price for SLXP is set to $49. SLXP had reported better than expected Q1 results. According to Wedbush Morgan, “Somewhat surprising was the mix of revenues, with higher Xifaxan sales...

Analysts at Wedbush Morgan reiterate their "neutral" rating on Nuance Communications (NASDAQ: NUAN), while raising their estimates for the company. The target price for NUAN is set to $17. NUAN has posted its Q2 results marginally above the estimates. However, Wedbush Morgan does not expect the...

Analysts at Wedbush Morgan maintain their "neutral" rating on Atheros Communications Inc (NASDAQ: ATHR), while raising their estimates for the company. The 12-month target price for ATHR has been raised from $39 to $44. Regarding Atheros Communications’ results, Wedbush Morgan says that “better-...

Analysts at Wedbush Morgan reiterate their "outperform" rating on Texas Instruments Inc (NYSE: TXN). The target price for TXN is set to $33. “We believe shares remain attractive after TI’s positive mid-quarter update where revenue and EPS guidance was raised on broad-based strength (excluding...

Shares of general merchandise discount retailer Family Dollar Stores, Inc. (NYSE: FDO) were upgraded by Wedbush Morgan from a rating of Underperform to a rating of Neutral and the price target was raised from $30 to $35. Family Dollar Stores has a 52-week trading range of $25.52 to $35.73. Family...

Shares of PetSmart, Inc. (NASDAQ: PETM) were up 8% in afternoon trading and reached a 52-week high of $30.25 today, a day after the company released a positive earnings report. PetSmart's stock price received further boosts when Credit Suisse raised the company's price target from $29 to $35 and...

Shares of Sotheby's (NYSE: BID) are up more than 5%, after the auctioneer announced that it returned to a 4th quarter profit, while beating Wall Street estimates. Sotheby's reported earnings of $73.6 million, or $1.09 per share, compared with a loss of $9.3 million, or 14 cents per share, a year...

The shares of SanDisk Corporation (Nasdaq: SNDK) are up 8% Monday morning, after being upgraded by Wedbush Morgan from Underperform to Neutral. Wedbush Morgan also raised the price target for SanDisk from $25 to$32. The stock closed at $29.15 the previous trading. It opened Monday trading at $29.85...

Shares of Adolor Corporation (Nasdaq: ADLR) were up 5% in morning trading after Wedbush Morgan upgraded them from Underperform to Neutral with a price target of $2. Last week, the bio-pharmaceutical company announced that it had narrowed its 4th quarter loss when it reported a loss of $7.1 million...

Roth Capital upgraded its rating of Monolithic Power Systems, Inc. (NASDAQ: MPWR) shares from Hold to Buy. Roth Capital also raised the price target from $20 to $25. Monolithic Power Systems, Inc. designs, develops and markets analog and mixed-signal semiconductors. Wedbush Morgan also upgraded its...

Analyst Camilo Lyon of Wedbush Morgan upgrades Dick’s Sporting Goods (NYSE: DKS) from "neutral" to "outperform," while raising his estimates for the company. The target price for DKS has been raised from $24 to $29. According to Wedbush Morgan, Dick’s Sporting Goods is likely to beat the guidance...

Analyst Kerry Rice of Wedbush Morgan maintains his "outperform" rating on GSI Commerce Inc (NASDAQ: GSIC)(FREE stock trend analysis). The target price for GSIC has been raised from $25 to $30. Unique visitor growth at the websites of GSI Commerce’s top customers was marginally higher than the...

Mark Benson of Wedbush Morgan believes that the children’s space is highly promotional as consumers always look out for apparel, irrespective of the economic environment, as kids tend to outgrow their size. According to Wedbush Morgan, it is extremely tough to manage inventories in order to...