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Stock Market & Financial Investment News

News Breaks
May 23, 2014
09:59 EDTARO, VOXX, SALE, LNEGY, HAIN, GAIN, COVS, CAJ, ANFI, AFL, WOPEYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Sector Perform from Outperform at RBC Capital... Aflac (AFL) downgraded to Equalweight from Overweight at Barclays... Amira Nature Foods (ANFI) downgraded to Hold from Buy at Jefferies... Canon (CAJ) downgraded to Underperform from Neutral at Credit Suisse... Covisint (COVS) downgraded to Sector Perform from Outperform at Pacific Crest... Gladstone Investment (GAIN) downgraded to Neutral from Buy at Ladenburg... Hain Celestial (HAIN) downgraded to Hold from Buy at Jefferie... Linde (LNEGY) downgraded to Neutral from Buy at Goldman... RetailMeNot (SALE) downgraded at Stife... VOXX International (VOXX) downgraded to Hold from Buy at Craig-Hallum... Woodside Petroleum (WOPEY) downgraded to Neutral from Overweight at JPMorgan.
News For ARO;AFL;ANFI;CAJ;COVS;GAIN;HAIN;LNEGY;SALE;VOXX;WOPEY From The Last 14 Days
Check below for free stories on ARO;AFL;ANFI;CAJ;COVS;GAIN;HAIN;LNEGY;SALE;VOXX;WOPEY the last two weeks.
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September 16, 2014
13:24 EDTAFLAflac to increase exposure to 'growth assets,' Bloomberg says
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September 12, 2014
16:44 EDTHAINMarket ends week lower as investors fret over Fed statement
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September 11, 2014
10:42 EDTHAINWhiteWave seen having 50% chance of being acquired
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September 9, 2014
11:50 EDTAFLAflac to hold a briefing
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10:12 EDTHAINNatural food makers rise following Annies acquisition
Shares of a number of natural food makers are climbing after one of the companies in the sector, Annies (BNNY), announced last night that it agreed to be acquired by General Mills (GIS). In a note to investors today, research firm Oppenheimer wrote that the deal should cause the valuations of two natural food makers, Boulder Brands (BDBD) and WhiteWave (WWAV), to rise in the near-term. WHAT'S NEW: General Mills last night said that it had agreed to buy Annie's for $46 per share in cash, or $820M. Annies' stock closed yesterday at $33.51. General Mills expects the transaction to be accretive to its earnings in the first 12 months following the completion of the deal. ANALYST REACTION: In a note to investors today, Oppenheimer analyst Rupesh Parikh wrote that the acquisition of Annie's could cause the valuations of stocks in the natural foods sector to rise significantly. The terms of the acquisition of Annies imply a nearly 40x P/E multiple to consensus FY15 forecasts for the company, according to Parikh. The shares of Boulder Brands and WhiteWave should advance in the near-term, added the analyst, who kept Outperform ratings on both names PRICE ACTION: In early trading, WhiteWave rose 3.9% to $37.10, while Boulder Brands jumped 7.6% to $14.25. Another stock in the sector, Hain Celestial (HAIN), advanced 3.5% to $101.17, while Annies surged 37% to $46 and General Mills slipped 0.5% to $53.26.
09:12 EDTHAINOn The Fly: Pre-market Movers
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September 8, 2014
18:31 EDTHAINOn The Fly: After Hours Movers
UP AFTER EARNINGS: Casey's General Stores (CASY), up 3.6%... Korn/Ferry (KFY), up 2.8%. ALSO HIGHER: Annies (BNNY), up 37.3% after General Mills (GIS) announced it will acquire the company for $46 per share... General Mills is trading just under 1% higher... Following the Annies/General Mills announcement, Hain Celestial Group (HAIN) is 3.6% higher, WhiteWave Foods (WWAV) is up 6.3%, and Boulder Brands (BDBD) is up 8.7%... iPass (IPAS), up 35.1% after announcing that it is exploring strategic alternatives... CTI BioPharma (CTIC), up 8.1% after being initiated with an Overweight at Piper Jaffray... Threshold Pharmaceuticals (THLD), up 5% after being initiated with a Buy at Cantor. DOWN AFTER EARNINGS: Pep Boys (PBY), down 6.7% following second quarter miss. ALSO LOWER: Pinnacle Foods (PF), down 3.7% after filing an automatic common stock shelf and announcing the sale of 15M shares of common stock for holders... Physicians Realty Trust (DOC), down 4.9% after offering 9M common shares.
17:50 EDTHAINFood product stocks higher after General Mills acquires Annie's
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