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Stock Market & Financial Investment News

News Breaks
January 16, 2014
10:02 EDTCLI, NUS, MKC, GNRC, EV, ALU, AMRN, AGCO, BEAM, BBY, MRC, FDO, D, ACM, RL, PCRFY, EMC, MHFI, KR, EFX, CSX, ROKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AECOM Technology (ACM) downgraded to Hold from Buy at KeyBanc... Alcatel-Lucent (ALU) downgraded to Equal Weight from Overweight at Evercore... CSX (CSX) downgraded to Hold from Buy at Stifel... Dominion (D) downgraded to Hold from Buy at Jefferies... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Family Dollar (FDO) downgraded to Underperform from Market Perform at Raymond James... Generac (GNRC) downgraded to Perform from Outperform at Oppenheimer... Kroger (KR) downgraded to Neutral from Outperform at Credit Suisse... MRC Global (MRC) downgraded to Underperform from Buy at BofA/Merrill... McCormick (MKC) downgraded to Hold from Buy at Jefferies... McGraw Hill Financial (MHFI) downgraded to Neutral from Buy at Goldman... Best Buy (BBY) downgraded to Perform from Outperform at Oppenheimer... Nu Skin (NUS) downgraded to Hold from Buy at Canaccord... EMC (EMC) downgraded to Neutral from Buy at Monness Crespi... Beam (BEAM) downgraded to Sell from Hold at Argus... Mack-Cali Realty (CLI) downgraded to Underweight from Neutral at JPMorgan... Panasonic (PCRFY) downgraded to Neutral from Outperform at Macquarie... AGCO (AGCO) downgraded to Underweight from Neutral at JPMorgan... Rockwell Automation (ROK) downgraded to Underweight from Neutral at JPMorgan... Ralph Lauren (RL) downgraded to Equal Weight from Overweight at Morgan Stanley... Amarin (AMRN) downgraded to Neutral from Buy at MKM Partners.
News For ACM;ALU;CSX;D;EV;EFX;FDO;GNRC;KR;MRC;MKC;MHFI;BBY;NUS;EMC;BEAM;CLI;PCRFY;AGCO;ROK;RL;AMRN From The Last 14 Days
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June 25, 2015
11:34 EDTKRKroger board approves new $500M share repurchase program
Kroger's board approved a $500M share repurchase program, replacing the prior authorization, which has been exhausted. It is not expected that any purchases will be made under this new Board-authorized plan for the remainder of FY!5.
11:33 EDTKRKroger board approves 2-for-1 stock split
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11:33 EDTKRKroger increases quarterly dividend by 13.5% to 21c
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11:26 EDTKRKroger trading halted, pending news
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09:21 EDTFDOFamily Dollar volatility low into Q1 and outlook
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June 24, 2015
15:53 EDTBBYSunTrust identifies the most likely M&A activity in specialty retail
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11:11 EDTBBYAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Streetís appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
10:00 EDTMKCOn The Fly: Analyst Upgrade Summary
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09:21 EDTKRUnited Natural Foods added to Best Ideas List at Wedbush
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07:33 EDTCSX, ACMHouse Transportation & Infrastructure Committee to hold a hearing
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07:27 EDTBBYBest Buy recommended ahead of 2H margin gains at B. Riley
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07:04 EDTMKCMcCormick upgraded to Outperform from Market Perform at Bernstein
06:33 EDTMKCMcCormick to acquire Stubb's barbeque sauces for about $100M in cash
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June 23, 2015
08:54 EDTAGCOAGCO sale to Deere or CNH unlikely, says BofA/Merrill
BofA/Merrill said an AGCO (AGCO) sale to Deere (DE) or CNH (CNHI) is unlikely given antitrust factors and a tie-up with Japan's Kubota would face cultural obstacles. The firm raised its price target on Neutral rated AGCO to $58 from $53 to reflect activist investor Blue Harbour's increased stake but said industry fundamentals may still get worse.
07:27 EDTKRJefferies to hold a conference
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June 22, 2015
10:00 EDTAGCOOn The Fly: Analyst Upgrade Summary
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09:26 EDTCLIMack-Cali Realty sells minority interest in Morristown community
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08:02 EDTEFXEquifax expands NIADA partnership
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07:17 EDTALURegulators to decide by July 27 on Nokia, Alcatel-Lucent deal, Reuters reports
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06:54 EDTAGCOAGCO upgraded to Neutral from Underweight at JPMorgan
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