Investment analysts at Oppenheimer initiated coverage on shares of LeapFrog Enterprises Inc. (LF) with an Outperform rating and a price target of $3.00
LeapFrog recently reported first quarter fiscal 2016 net sales of $38.7 million, down 18% versus the same period the prior year, and net loss of ($27.3) million, or ($0.39) per diluted share (including a tax benefit of $0.2 million), compared to net loss of ($16.4) million, or ($0.23) per basic and diluted share (including a tax benefit of $9.7 million) in first quarter fiscal 2015
The company said that its longer term plan is to achieve double-digit sales growth and positive cash flow in fiscal year 2017, which includes holiday 2016.
LeapFrog Enterprises is the leader in educational entertainment for children.
Brokerage firm Sterne Agee CRT has started coverage on KeyCorp (KEY) stock with a Buy rating and a price target of $17.00
KeyCorp delivered net income of $230 million, or $.27 per common share in the second quarter 2015
KeyCorp operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States.
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