Trialresults for Abbott`s XIENCE stent, which BSX markets under a private label, werepositive BSX launched its TAXUS Liberte. Steps taken to reduce financial risks have led to improved credit ratings. Thecompany is maintaining strong global market share, boosted by Taxus Liberteresults in Japan We reiterate our Buy Bear of the DayBJ`s Restaurants, Inc. (Nasdaq: BJRI) has grown rapidly with its unique conceptand high-quality food offered at various price points, while maintaining some ofthe best unit economics in the industry.
Despite the recession, the chain`scurrent comps are outperforming its peer group. However, trading at a premium to its growth rate (28x 2010E), we believe BJRIshares are richly priced given the uncertainty in the economy and estimates.Longer-term, we think the company`s 20%+ unit growth target could becomeunmanageable as the base expands, or difficult to fund. Since 2002, BJ`s ROE has averaged in the mid-single digits, with full-yearresults rising above 6% only once, when it reached 8% in 2005. Recent Analysis from the Analyst BlogRetail Sales Better than ExpectedApril retail sales were better than expected, with about 60% of retailersbeating forecasts. That is an improvement from March, when about half of theretailers beat forecasts.
Our sample of 20 retailers reported that April sales increased 1.7%, includingWal-Mart (NYSE: WMT), but decreased 2.6% excluding Wal-Mart. Among thoseretailers beating forecasts were Wal-Mart, up 4% vs expectations of up 3%,Abercrombie (NYSE: ANF), down 22% vs down 28%, and Aeropostale (NYSE: ARO), up20% vs up 9%. Get the most recent insight from Zacks Equity Research with the free Profit fromthe Pros newsletter: About the Bull and Bear of the DayEvery day, the analysts at Zacks Equity Research select two stocks that arelikely to outperform (Bull) or underperform (Bear) the markets over the next 3-6months. About the Analyst BlogUpdated throughout every trading day, the Analyst Blog provides analysis fromZacks Equity Research about the latest news and events impacting stocks and thefinancial markets. About Zacks Equity ResearchZacks Equity Research provides the best of quantitative and qualitative analysisto help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks.Our analysts are organized by industry which gives them keen insights todevelopments that affect company profits and stock performance.
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The best way to unlock the profitable stock recommendations and marketinsights of Zacks Investment Research is through our free daily emailnewsletter; Profit from the Pros. In short, it’s your steady flow of Profitableideas GUARANTEED to be worth your time! Register for your free subscription toProfit from the Pros at Visit http:// for information about the performancenumbers displayed in this press release. Disclaimer: Past performance does not guarantee future results. Investors shouldalways research companies and securities before making any investments. Nothingherein should be construed as an offer or solicitation to buy or sell anysecurity. Zacks Mark VickeryWeb Content Editor312-265-9380Visit: Business Wire 2009.