Wunderlich

Cisco Systems, Inc. (NASDAQ: CSCO) announced during its fiscal fourth quarter earnings print it will reduce its workforce by 5,500 employees. The layoff announcement may have come as a surprise to some investors, but there were unconfirmed reports of a pending layoff prior to the earnings release....

Following their outperformance over the recent quarters, shares of Thor Industries, Inc. (NYSE: THO) are now trading at a 10–20 percent premium to the leading recreational and leisure vehicle peers. Wunderlich’s Rommel Dionisio downgraded the rating on the company from Buy to Hold, with...

The catalysts for Cisco Systems, Inc. (NASDAQ: CSCO) seem to be limited, and the company would have to borrow to “sustain return of capital and M&A without cash repatriation,” Wunderlich’s Matthew S. Robison said in a report. He maintained a Hold rating on Cisco, with a...

Following the “less positive” performance during Q2 by Anthropologie and Free People, Wunderlich’s Eric Beder believes the current valuation of Urban Outfitters, Inc. (NASDAQ: URBN) already reflects the company’s growth profile. Beder maintains a Hold rating on the company,...

Wunderlich reiterated its Buy on Hain Celestial Group Inc (NASDAQ: HAIN) despite the company's announcement that accounting issues dragged the stock down 30 percent. The brokerage also said the board may consider a sale of the company due to the complexity of the business. Justification For Buy...

Imperva Inc (NYSE: IMPV) reported disappointing 2Q results, while lowering its FY16 guidance. Wunderlich’s Ryan MacDonald downgraded the rating on the company from Buy to Hold, with a price target of $50. Future Uncertain “When Elliott Management took a stake in the company, potential...

Wunderlich has upgraded Western Asset Mortgage Capital Corp (NYSE: WMC) to Buy from Hold on sustained dividend and lower volatility in book value per share (BVPS). After six successive quarterly dividend cuts, the company announced in late June a second-quarter dividend of $0.31, and Wunderlich...

Investors of Symantec Corporation (NASDAQ: SYMC) will be looking for an update on the Blue Coat deal, rather than first-quarter results, slatted for after hours Thursday. The company revealed the completion of its Blue Coat acquisition only a few days back. Therefore, investors will be keen to know...

Soon after it announced its intention to acquire Taylor Brands LLC, Smith & Wesson Holding Corp (NASDAQ: SWHC) announced on July 25 that it had reached a definite agreement to acquire Crimson Trace. Wunderlich’s Rommel Dionisio maintains a Buy rating on Smith & Wesson, with a price...

Wunderlich’s Matthew Harrigan believes the 3 percent rally in DISH Network Corp (NASDAQ: DISH) on July 21 was unwarranted, “given the 381K overall video customer loss, with clear satellite deterioration and Sling TV in our view losing its opportunity to breakout prior to the arrival of...

Wunderlich reiterated its Buy rating on Polaris Industries Inc. (NYSE: PII) despite full-year guidance cut by the company on overall sluggish industry trends and higher costs from recent product recalls. "As we look out to 2H:16 and 2017, we believe the lack of notable competitive product...

Microsoft Corporation (NASDAQ: MSFT) reported robust Q4 results, with the revenue and EPS beating the consensus expectations. Wunderlich’s Ryan MacDonald maintained a Hold rating on the company, while raising the price target from $55 to $60. “Despite continued declines in the...