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Stock Market & Financial Investment News

News Breaks
May 23, 2014
09:59 EDTJOE, PRAA, FEYE, RBCN, HLT, PLCE, RTI, GABC, AHEXYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Adecco (AHEXY) upgraded to Buy from Sell at UBS... Children's Place (PLCE) upgraded to Buy from Neutral at Buckingham... FireEye (FEYE) upgraded to Overweight from Equalweight at Barclays... German American Bancorp (GABC) upgraded to Outperform at Keefe Bruyette... Hilton (HLT) upgraded to Buy from Hold at Craig-Hallum... L Brands (LB) upgraded at Stifel... Portfolio Recovery (PRAA) upgraded to Buy from Neutral at Janney Capital... RTI International (RTI) upgraded to Overweight from Neutral at JPMorgan... Rubicon (RBCN) upgraded to Perform from Underperform at Oppenheimer... Saint Joe Co. (JOE) upgraded to Outperform from Market Perform at Raymond James.
News For AHEXY;PLCE;FEYE;GABC;HLT;PRAA;RTI;RBCN;JOE From The Last 14 Days
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September 3, 2015
10:10 EDTFEYERumor: FireEye moves up on renewed takeover chatter
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06:55 EDTFEYEFireEye to announce expanded partnership with Visa, says Piper Jaffray
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September 1, 2015
10:59 EDTFEYECyberArk bucks downward market trend after Piper upgrade
The shares of Israeli cybersecurity company CyberArk (CYBR) are flat despite the large decline in the broader market after research firm Piper Jaffray upgraded the stock to Buy from Hold. The stock's decline has created an attractive entry point, as companies are becoming more interested in the type of products CyberArk offers, Piper analyst Andrew Nowinski contended. WHAT'S NEW: After conducting extensive checks, Nowinski believes that companies are becoming more interested in Privileged Account Management, the area in which CyberArk specializes. Enterprises are focusing on this area more intently because they realize they need to spend more on protecting their most critical assets within firewalls, the analyst stated. As a result of this trend, CyberArk's market share gains could accelerate, Nowinski believes. Moreover, the company is one of the few cybersecurity companies capable of generating 40%+ revenue growth and 20%+ operating margins, the analyst stated. Additionally, the company's 2016 free cash flow should come in nearly triple analysts' consensus 2016 estimate, said Nowinski, who set a $70 price target and Overweight rating on the shares. OTHERS TO WATCH: Other publicly traded IT security companies include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In morning trading, CyberArk was little changed at $51 per share.
08:04 EDTHLTHilton announces partnership with Uber
Hilton Worldwide announced a partnership with Uber to offer expanded digital features that will further simplify and streamline the travel experience for Hilton guests. Through the partnership, Hilton guests around the world can set Uber 'Ride Reminders,' automated notifications to request Uber rides to and from the hotel. Additionally, the partnership is creating added benefits for Hilton HHonors members. Through the HHonors app, HHonors members can already book a stay, check-in, select their room, pre-order amenities and use their smartphone to enter their hotel room door with Digital Key. Later this month, HHonors members will also be able to explore the 'Local Scene' in select U.S. cities through a digital guide of the top trending restaurants and nightlife spots selected for being the most frequented destinations with Uber riders.
07:04 EDTPLCEThe Children's Place names Marla Malcolm Beck to board
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06:31 EDTAHEXYHP made workers choose between being contractors or being fired, BI reports
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August 31, 2015
08:03 EDTFEYECybergy partners with FireEye for cybersecurity push
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August 26, 2015
19:11 EDTPRAAPRA Group enters parnership with RCB Investimentos
RCB Investimentos announced its partnership with PRA Group. PRA Group purchased a majority position in RCB in early August. RCB founders Alexandre Nobre and Renato Toledo will continue to manage the company's local business in Brazil with the ultimate goal of increased market participation. This transaction promotes the long-term vision of RCB in Brazil and provides PRA with a strategic partner for entry into the large and thriving Brazilian distressed loan sale market.
10:00 EDTPLCEOn The Fly: Analyst Upgrade Summary
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07:46 EDTPLCEChildren's Place upgraded to Positive at Susquehanna
As reported previously, Susquehanna upgraded Children's Place to Positive from Neutral. The firm cited its strong financial position, return of capital to shareholders via stock buybacks and dividends and its continued improvement in inventory utilization. Susquehanna raised its price target to $69 from $68 on Children's Place shares.
06:40 EDTPLCEChildren's Place upgraded to Positive from Neutral at Susquehanna
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August 25, 2015
08:31 EDTGABCGerman American Bancorp initiated with a Hold at Sandler O'Neill
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08:08 EDTFEYEFireEye, Adobe among quality 'flushed out' tech names, says JPMorgan
JPMorgan analyst Sterling Auty says that market disruptions like the one seen in the last several days have historically provided a unique opportunity to invest in high-quality names and identified FireEye (FEYE), Adobe (ADBE), Veeva Systems (VEEV) and Rovi (ROVI) as four particularly interesting tech stocks that "appear flushed out" and now offer "exaggerated" risk/reward. The firm has Overweight ratings on all four stocks mentioned above after having upgraded Rovi to Overweight this morning.
07:05 EDTPLCEChildren's Place narrows FY15 EPS view to $3.35-$3.45 from $3.30-$3.45
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07:03 EDTPLCEChildren's Place sees Q3 EPS $1.90-$1.96, consensus $1.96
Sees Q3 SSS up 1%.
07:02 EDTPLCEChildren's Place reports Q2 adjusted EPS (33c), consensus (11c)
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August 24, 2015
15:09 EDTPLCENotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
15:01 EDTFEYEWyndham slips after FTC given go-ahead for data breach lawsuit
Shares of Wyndham (WYN) have slipped in afternoon trading after an appeals court ruled that the FTC can sue the company over its allegedly poor cybersecurity practices. WHAT'S NEW: According to a Reuters report of court proceedings, the 3rd U.S. Circuit Court of Appeals in Philadelphia has ruled that the FTC may proceed with its lawsuit against Wyndham over data breaches in 2008 and 2009, saying the hotel company failed to take reasonable steps to protect customer information. Wyndham's allegedly lackluster data protection policies constitute "unfair and deceptive trade practices," granting the Federal Trade Commission authority to step in, said Judge Thomas Ambro. FTC Chairwoman Edith Ramirez commented, "It is not only appropriate, but critical, that the FTC has the ability to take action on behalf of consumers when companies fail to take reasonable steps to secure sensitive consumer information," according to the report. WHAT'S NOTABLE: Today's ruling comes in the wake of numerous high-profile "hack attacks," with American Airlines (AAL), Anthem (ANTM), United Airlines (UAL) and Target (TGT) all reporting digital security breaches in recent years. Though no final verdict has been reached in the case between the FTC and Wyndham, Judge Ambro may have established the beginnings of a legal precedent potentially allowing the Commission to sue companies for not going far enough to protect consumer data and Chairwoman Ramirez appeared to share that broader tone. PRICE ACTION: Shares of Wyndham are down about 4% in intraday trading. Cybersecurity firms FireEye (FEYE) and Palo Alto Networks (PANW) are down roughly 2% and 2.7% for the afternoon.
14:21 EDTFEYEJMP Securities says pullback in Palo Alto a buying opportunity
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August 23, 2015
14:53 EDTJOESaint Joe Co. authorizes $300M repurchase plan
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