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Stock Market & Financial Investment News

News Breaks
April 4, 2013
10:09 EDTBRO, PANL, VNO, RYL, ULTA, TAHO, LSCC, EAT, FNSR, SQNM, KBH, TCBI, NKA, CTL, ALU, PPO, LEN, WDR, TMH, PNRAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Buy from Hold at Deutsche Bank... Brinker (EAT) upgraded to Buy from Neutral at Goldman... Brown & Brown (BRO) upgraded to Neutral from Sell at Goldman... CenturyLink (CTL) upgraded to Overweight from Neutral at JPMorgan... Lattice Semiconductor (LSCC) upgraded to Buy from Neutral at Mizuho... Niska Gas (NKA) upgraded to Equal Weight from Underweight at Barclays... Panera Bread (PNRA) upgraded to Conviction Buy from Neutral at Goldman... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Team Health (TMH) upgraded to Conviction Buy from Neutral at Goldman... Texas Capital (TCBI) upgraded to Overweight from Equal Weight at Barclays... Ulta Salon (ULTA) upgraded to Buy from Hold at Jefferies... Waddell & Reed (WDR) upgraded to Outperform from Sector Perform at RBC Capital... KB Home (KBH) upgraded to Sector Perform from Underperform at FBN Securities... Ryland Group (RYL) upgraded to Sector Perform from Underperform at FBN Securities... Lennar (LEN) upgraded to Sector Perform from Underperform at FBN Securities... CenturyLink (CTL) upgraded to Overweight with $38 target at JPMorgan... Sequenom (SQNM) upgraded to Outperform from Neutral at Wedbush... Polypore (PPO) upgraded to Buy from Hold at Topeka... Vornado (VNO) upgraded to Buy from Hold at Stifel... Finisar (FNSR) upgraded to Buy from Neutral at Lazard Capital... Universal Display (PANL) upgraded to Buy from Hold at Needham.
News For ALU;EAT;BRO;CTL;LSCC;PNRA;NKA;TAHO;TMH;TCBI;ULTA;WDR;KBH;RYL;LEN;SQNM;VNO;PPO;FNSR;PANL From The Last 14 Days
Check below for free stories on ALU;EAT;BRO;CTL;LSCC;PNRA;NKA;TAHO;TMH;TCBI;ULTA;WDR;KBH;RYL;LEN;SQNM;VNO;PPO;FNSR;PANL the last two weeks.
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April 23, 2014
07:48 EDTEATBrinker reports Q3 Chili's sales $645.8M; Q3 Maggiano's sales $93.4M
Reports Q3 Franchise and Other sales $19.2M
07:47 EDTEATBrinker reports Q3 comparable restaurant sales up 0.7%
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07:47 EDTEATBrinker reports Q3 adjusted EPS 84c, consensus 83c
Reports Q3 revenue $758.41M, consensus $766.27M
06:04 EDTBROBrown & Brown downgraded to Neutral from Buy at Compass Point
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April 22, 2014
13:11 EDTEATEarnings Preview: Brinker still sees FY14 EPS $2.65-$2.75
Brinker International (EAT) is scheduled to report third quarter results before the market open on Wednesday, April 23, with a conference call scheduled for 10:00 am ET. Brinker owns, develops, operates and franchises the Chili's Grill & Bar and Maggiano's Little Italy restaurant brands. EXPECTATIONS: Analysts are looking for earnings per share of 83c on revenue of $766.27M, according to First Call. The consensus range for EPS is 80c-86c on revenue of $755.5M-$774.69M. LAST QUARTER: Brinker reported second quarter adjusted EPS of 59c against estimates for 58c on revenue of $704.4M against estimates for $699.23M. Q2 comparable restaurant sales at company-owned restaurants increased 0.8%. During its Q2 earnings call, Brinker said it was "optimistic" about the second half of 2014. The company said it expected the rate of commodity inflation to remain flat through calendar year 2014 and says 75% of commodities are contracted through end of fiscal year 2014. NEWS: At March's Bank of America Merrill Lynch Consumer & Retail Conference, Brinker reaffirmed its FY14 EPS view of $2.65-$2.75 against estimates for $2.73. The company previously reiterated its goal of doubling fiscal year 2010 EPS to $2.75-$2.80 by fiscal year 2015. At the Raymond James Institutional Investors Conference, Brinker said it was on pace to achieve its long-term goal of improving operating income margin by 400 basis points by FY14. The company still sees 3%-5% revenue growth on an annual basis and expects its cash flow will "go north" to $250M by fiscal year 2016. Brinker is looking to have over $4 in EPS by fiscal year 2017. The company recently announced that Guy Constant, executive VP, Chief Financial Officer and president of Global Business Development resigned and said Marie Perry, senior VP, treasurer and controller, will serve as interim CFO until a permanent successor is named. STREET RESEARCH: During the quarter, shares were downgraded to Hold from Buy at Miller Tabak. After meeting with the company's management, Sterne Agee said it expects Chili's to outperform industry same-store sales gains. The firm expects the company to carry out significant share repurchases and raise its dividend over the longer term. PRICE ACTION: Over the last three months, Brinker shares are up over 2%. Year-to-date, shares are up over 9.5%.
07:00 EDTBROBrown & Brown shares likely to be weak today, says Wells Fargo
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05:08 EDTBROBrown & Brown reports Q1 adjusted EPS 40c, consensus 42c
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April 21, 2014
15:16 EDTBRONotable companies reporting after market close
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April 17, 2014
08:18 EDTFNSRGoogle capex expansion positive for Finisar, Juniper, says Janney Capital
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07:14 EDTPNRAChipotle looks poised to maintain premium valuation, WSJ says
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06:37 EDTULTAUlta Salon volatility at low end of range
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April 16, 2014
15:53 EDTULTAUlta Salon EPS may have been 'propped up' by accounting oddity, Greenberg says
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April 15, 2014
09:17 EDTTAHOTahoe Resources upgraded to Outperform from Market Perform at Raymond James
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07:11 EDTLSCCLattice FPGAs selected by Google ATAP Group for Project Ara smartphone prototype
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April 14, 2014
09:04 EDTVNOVornado to host conference call
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April 11, 2014
16:26 EDTVNOVornado to spin-off shopping center business
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12:42 EDTKBHOn The Fly: Analyst Upgrade Summary
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06:42 EDTKBHKB Home upgraded to Market Perform from Underperform at Keefe Bruyette
Keefe Bruyette upgraded KB Home to Market Perform with a $17 price target citing valuation.
06:36 EDTPNRAPanera Bread to utilize more technology, Re/code reports
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April 10, 2014
11:01 EDTKBHKB Home acquires 500 lots at Patterson Ranch in Fremont
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