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Stock Market & Financial Investment News

News Breaks
March 20, 2013
10:03 EDTWAG, PLCM, ABC, SYNT, CMI, WAC, SPRD, BBRYOn The Fly: Analyst Upgrade SummaryWalter Investment
Today's noteworthy upgrades include: AmerisourceBergen (ABC) upgraded to Buy from Neutral at Citigroup... BlackBerry (BBRY) upgraded to Overweight from Underweight at Morgan Stanley... Cummins (CMI) upgraded to Outperform from Market Perform at William Blair... Polycom (PLCM) upgraded to Buy from Neutral at Goldman... Spreadtrum (SPRD) upgraded to Buy from Hold at Jefferies... Syntel (SYNT) upgraded to Neutral from Negative at Susquehanna... Walgreen (WAG) upgraded to Buy from Sell at Citigroup... Walter Investment (WAC) upgraded to Buy from Neutral at Sterne Agee... Walter Investment (WAC) upgraded at Sterne Agee.
News For ABC;BBRY;CMI;PLCM;SPRD;SYNT;WAG;WAC From The Last 14 Days
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May 23, 2013
11:37 EDTSPRDSpreadtrum management to meet with Oppenheimer
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May 22, 2013
10:00 EDTBBRYOn The Fly: Analyst Downgrade Summary
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09:35 EDTBBRYBlackBerry Q10 rollout below Z10, says ITG Research
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08:38 EDTBBRYBlackBerry downgraded to Underperform from Neutral at Exane BNP Paribas
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May 21, 2013
19:57 EDTCMICummins shares still attractive, Barron's says
Cummins' engines account for 40% of the heavy-duty trucks produced in North America, and though shares of the company have gained 35% since Barron's first highlighted the company in 2011, at 12 times forward earnings, shares of Cummins still look attractive, says Barron's Inside Scoop. Reference Link
12:33 EDTSYNTiGATE tumbles after firing CEO over employee relationship
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May 20, 2013
15:52 EDTWAGWalgreen downgraded to Market Perform from Outperform at Barrington
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07:29 EDTSPRDDeutsche Bank to host a conference
dbAccess Asia Conference 2013 is being held in Singapore on May 20-22.
May 17, 2013
12:33 EDTABC, WAGAmerisourceBergen receives approval of Walgreens, Alliance Boots investment
AmerisourceBergen (ABC) announced that the parties have received regulatory approval of the previously disclosed agreement for Walgreen (WAG) and Alliance Boots GmbH to purchase an equity stake in the company. AmerisourceBergen continues to expect the new agreements to contribute an incremental $25B in revenues and approximately 20c in earnings per share in FY14, excluding the amortization of certain expenses related to the transaction and the warrants issued, certain non-recurring costs and a potential LIFO charge, and net of certain start up expenses. In addition, the company reiterated its expectations for financial performance for fiscal year 2013, which includes expected revenue growth in the 11%-13% range, and diluted earnings per share from continuing operations in the lower half of the range of $3.04 to $3.14, excluding certain expenses related to the relationship with Walgreens and Alliance Boots and the warrants issued, and the expected LIFO charge from onboarding of additional branded inventory.
10:13 EDTBBRYBlackBerry Z10 helps company regain Canadian market share, AllThingsD says
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May 15, 2013
10:13 EDTBBRYOn The Fly: Analyst Downgrade Summary
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08:24 EDTBBRYBlackBerry announces Los Angees Sheriff's Department deploys BB10, Enterprise
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07:48 EDTBBRYBlackBerry downgraded at Bernstein
As previously reported, Bernstein downgraded BlackBerry to Market Perform from Outperform. The firm downgraded shares based on valuation, lack of near-term catalysts, and risk the company does not meet high expectations. Price target lowered to $15 from $22.
06:19 EDTBBRYBlackBerry downgraded to Market Perform from Outperform at Bernstein
Price target lowered to $15.
May 14, 2013
15:03 EDTBBRYBlackBerry falls after company update, levels to watch
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14:36 EDTBBRYTone at BlackBerry user conference more upbeat this year, says RBC Capital
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12:32 EDTBBRYOn The Fly: Midday Wrap
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11:56 EDTBBRYBlackBerry mobile device management opportunity underappreciated, says Jefferies
Jefferies said Blackberry's mobile device management, or MDM, opportunity is underappreciated. The firm expects MDM software to gain traction throughout the year and significantly ramp revenues next year, enabling the company to transition to an attractive business model. Shares are Buy rated with a $22 price target.
11:12 EDTBBRYBlackBerry plans to bring BBM to iOS, Android this summer
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11:01 EDTBBRYBlackBerry says bringing BBM platform to iOS, Android
Says BBM on Google's (GOOG) Android and Apple's (AAPL) iOS to start with messaging, other BBM features to follow. Comment from CEO Thorsten Heins speaking at BlackBerry Live event.
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