Balance Sheet Seen as a Positive
Goldman Sachs took a contrarian bet and upgraded Dell two notches from "sell" to "buy." They think sentiment toward the computer maker is too bearish and could begin to improve given the company's strong balance sheet. The 12-month target price was raised to $13 from $9. DELL is up more than 5 percent before the bell on my tradeMONSTER platform.
Conn's Earnings and Revenue Beat
Electronics retailer Conn's earned $0.38 a share in the third quarter beating the $0.28 expected by analysts. Revenue of $206.4 million was also better than the $199.23 million consensus number, and management raised guidance. CONN is up 3 percent in early trading.
Sterne Agee Brings Buyers to Deckers
Deckers Outdoors was upgraded to "buy" from "neutral" at Sterne Agee, which assigned a $65 price target. DECK, which closed at $38.29 on Friday, is ripping almost 9 percent in the premarket on that move.
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