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Stock Market & Financial Investment News

News Breaks
June 4, 2014
07:15 EDTANDEAndersons upgraded to Outperform from Neutral at Macquarie
Macquarie said the sell-off in Andersons' shares following the Q1 report is overdone and that earnings momentum is poised ti improve into 2015. The firm upgraded shares to Outperform and maintains its $58 price target.
News For ANDE From The Last 14 Days
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September 19, 2014
10:00 EDTANDEAndersons agrees to purchase two Texas grain companies
The Andersons announces it recently signed agreements to purchase the majority of the assets of two San Antonio, Texas-based, food grade corn companies, United Grain and Keller Grain. The facilities included in the agreements are located in Texas with a combined grain storage capacity of about two million bushels with about 35 employees. The transactions, which remain subject to certain customary closing conditions, are expected to be completed early in the fourth quarter.
September 16, 2014
09:26 EDTANDEAndersons estimates raised and remain above Street at BB&T
BB&T raised Andersons's 2014 EPS estimate, which remains above the Street, and initiated a 2015 EPS Street high estimate due to increased confidence in the 2014 crop and ethanol. The firm recommends using recent weakness as a buying opportunity and views concerns over FSA acreage as overblown. Shares are Buy rated with a raised price target of $74.

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