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Stock Market & Financial Investment News

News Breaks
November 21, 2012
09:59 EDTAMX, EXXI, STJ, NRGM, HRL, HPQ, HTWR, EV, CBSH, FANGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: America Movil (AMX) downgraded to Neutral from Buy at Citigroup... Commerce Bancshares (CBSH) downgraded to Underweight from Equal Weight at Morgan Stanley... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... HeartWare (HTWR) downgraded to Market Perform from Outperform at Wells Fargo... Hewlett-Packard (HPQ) downgraded to Sector Perform from Outperform at RBC Capital... Hewlett-Packard (HPQ) downgraded to Underperform from Neutral at Mizuho... Hormel Foods (HRL) downgraded to Underperform from Outperform at CLSA... Inergy Midstream (NRGM) downgraded to Neutral from Outperform at RW Baird... St. Jude Medical (STJ) downgraded to Market Perform from Outperform at Wells Fargo.... Energy XXI (EXXI) initiated with a Buy at Ladenburg... Diamondback Energy (FANG) intiated with an Add at Capital One.
News For AMX;CBSH;EV;HTWR;HPQ;HRL;NRGM;STJ;EXXI;FANG From The Last 14 Days
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September 13, 2014
18:16 EDTSTJSt. Jude Medical announces data from the EnligHTN III study
St. Jude Medical announced 12-month outcome data from the EnligHTN III study, which demonstrated a continuation of safe, rapid and effective treatment with the next-generation EnligHTN Renal Denervation System for patients with drug-resistant, uncontrolled hypertension. The results were presented during the 26th annual Transcatheter Cardiovascular Therapeutics scientific symposium.
September 12, 2014
15:29 EDTHPQHP exploring sale of Snapfish photo service, Reuters reports
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15:26 EDTHPQHP exploring sale of Snapfish photo service, Reuters reports
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15:03 EDTSTJSt. Jude Medical pausing Portico sales, implants, says Wells Fargo
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07:23 EDTEVBoston Security Analysts Society to hold a luncheon discussion
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September 11, 2014
18:30 EDTHPQHP, Russia plead guilty, sentenced for bribing Russian government officials
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16:10 EDTHPQHP acquires open source cloud software maker Eucalyptus
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15:04 EDTHRLHormel Foods management to meet with FBN Securities
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12:05 EDTHRLUSDA lowers forecasts for 2014, 2015 meat production
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11:17 EDTHPQEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:30 EDTHPQUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
09:42 EDTEXXIEnergy XXI reiterated as a Strong Buy at Raymond James
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07:07 EDTHPQEMC to explore selling VMware stake, NY Post reports
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September 10, 2014
18:33 EDTEXXIOn The Fly: After Hours Movers
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16:06 EDTEXXIDeal.com says Energy XXI hires adviser for GOM sale, Bloomberg reports
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08:31 EDTHPQRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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September 9, 2014
14:04 EDTHPQHP price target raised to $43 from $40 at Argus
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07:17 EDTHPQThe Wireless Association to hold a conference
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September 8, 2014
13:23 EDTAMXAmerica Movil discussing Tim Brasil joint offer with Oi, Bloomberg says
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07:26 EDTSTJMorgan Stanley to hold a conference
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