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Stock Market & Financial Investment News

News Breaks
March 21, 2013
10:06 EDTATU, CHA, CSCO, JNPR, CP, CHTR, WETF, WSM, BKW, ORCL, CTP, LIFE, BFAMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Outperform at RW Baird... Burger King (BKW) downgraded to Underperform from Neutral at BofA/Merrill... CTPartners (CTP) downgraded to Market Perform from Outperform at William Blair... Life Technologies (LIFE) downgraded to Neutral from Buy at Cowen... Oracle (ORCL) downgraded to Equal Weight from Overweight at Evercore... Williams-Sonoma (WSM) downgraded to Hold from Buy at Deutsche Bank... Wisdom Tree (WETF) downgraded to Buy from Conviction Buy at Goldman... Sanderson Farms (SAFM) downgraded to Neutral from Buy at Sidoti... Charter (CHTR) downgraded to Neutral from Buy at Guggenheim... Canadian Pacific (CP) downgraded to Buy from Conviction Buy at Goldman... Juniper (JNPR) downgraded to Underperform from Market Perform at FBR Capital... Cisco (CSCO) downgraded to Underperform from Market Perform at FBR Capital... Life Technologies (LIFE) downgraded to Neutral from Buy at Cowen... China Telecom (CHA) downgraded to Neutral from Overweight at JPMorgan... Bright Horizons (BFAM) downgraded to Hold from Buy at Stifel.
News For ATU;LIFE;CTP;ORCL;BKW;WSM;WETF;CHTR;CP;JNPR;CSCO;CHA;BFAM From The Last 14 Days
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October 9, 2014
13:37 EDTCSCOCisco may end further investment in VCE JV, CRN reports
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11:25 EDTCSCOCisco and TCL to set up $80M China cloud joint venture, Reuters reports
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06:52 EDTCSCOTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
October 8, 2014
10:00 EDTJNPROn The Fly: Analyst Downgrade Summary
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09:38 EDTCSCOCisco breakup would not create much value, says Citigroup
Citigroup says its analysis shows that a breakup of Cisco would not create much more value than the current share price. With CEO John Chambers' likely retirement next year, however, Citi thinks the Cisco board is likely to at least entertain the option of a split. The firm sees a low probability of a breakup taking place and keeps a Sell rating on Cisco shares. Citi upped its price target for the stock to $22 from $20.50. Citi's analysis of Cisco follows breakup decisions by HP (HPQ) and JDSU (JDSU) and Bloomberg's report this morning that Symantec (SYMC) is in advanced talks to split into two separate companies. This report corrects the rating on Cisco shares to Sell.
07:38 EDTJNPRJuniper downgraded at MKM Partners
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07:32 EDTJNPRJuniper downgraded at MKM Partners
As noted earlier, MKM Partners downgraded Juniper to Neutral from Buy. The firm thinks that the bull case on the stock is too centered on cost cuts and low valuation, and not enough on the company's growth outlook. MM Partners also believes that the service provider router market faces numerous overhangs. Target $24.
07:10 EDTJNPRJuniper downgraded to Neutral from Buy at MKM Partners
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06:35 EDTCSCOCisco's reorganization affects up to 25,000 employees, Business Insider reports
Cisco's reorganization of its routing and switching engineering business could affect up to 25,000 employees, reports Business Insider. Citing sources in Silicon Valley, the reorganization involves massive changes for the unit, moving from individual teams to two big overarching teams with one group focused on software and the other on hardware. Due to the changes, sources say a lot of senior employees have begun send out resumes. Reference Link
05:11 EDTCHAAkamai, China Telecom establish strategic cloud services partnership
Akamai Technologies (AKAM) announced a strategic partnership agreement with China Telecom Corporation (CHA) cloud division, CT Cloud. CT Cloud is one of the largest cloud computing service providers in China, offering quality cloud services to customers. As part of the strategic partnership, CT Cloud has agreed to offer an integrated solution incorporating Akamai's full suite of media delivery, Web performance, and cloud security offerings with its own Cloud services to Chinese businesses looking to grow their global Web presence. In addition, the partnership is designed to enable close cooperation between the two companies in the areas of technology and network access, thus strengthening Akamai's China CDN offering for accelerating content from global customers to Chinese consumers. Under the partnership, CT Cloud plans to leverage Akamai for content delivery network technology that will be available for the delivery of its Cloud services.
October 7, 2014
08:18 EDTJNPRJuniper execution could drive 40% upside, says Bernstein
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07:36 EDTCSCOCisco unlikely to split-up despite speculation, says UBS
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06:52 EDTCSCOAruba Networks may be displacing Cisco in some verticals, says RBC Capital
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October 6, 2014
11:02 EDTCSCOHP rises as split viewed as potential prelude to deals
Shares of HP (HPQ) are climbing after the company announced that it would split itself into two publicly traded companies. Analysts were mostly upbeat on the news and tech news website Re/code said that the two companies would be "in deal-making mode" following the split. WHAT'S NEW: HP this morning said it would split itself into two companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." Meg Whitman, who is currently the CEO of HP, will become CEO of Hewlett-Packard Enterprise and chairman of HP, Inc. ANALYST REACTION: Shareholders will likely view the move positively, as limited synergies exist between HP's enterprise business and its PC and printing business, Deutsche Bank analyst Sherri Scribner wrote. Moreover, the forward price to earnings ratio of the enterprises unit, whose margins are set to expand, are more likely to reach close to 11x following a split, in-line with the multiple of Xerox (XRX) and CSC (CSC), the analyst contended. Noting that HP remains one of the cheapest names in the S&P 500, Scribner kept a $40 price target and Buy rating on the shares. The split is "a bold and smart move" by HP that will give it the financial flexibility needed to sell off one or both of the PC and printing businesses, wrote Cantor analyst Brian White. The shareholders of EMC (EMC), which reportedly had been in discussions about merging with HP, would have difficulty accepting HP's printer and PC business, according to White. The analyst raised his price target on HP to $39 from $34.50 but kept a Hold rating on the stock. WHAT'S NOTABLE: Both Hewlett-Packard Enterprise and HP Inc. will "be in deal-making mode" after the split, Re/code stated. HP Inc. is likely to draw attention from both Dell and China's Lenovo (LNVGY), which were both approached by HP about a possible deal over the last year, the website stated. Meanwhile, Hewlett-Packard Enterprise could restart dormant merger talks with EMC, while Dell and Cisco (CSCO) could emerge as bidders and offer shareholders of both Hewlett-Packard Enterprise and EMC better terms, Re/code stated. However, Cisco has carried out a more conservative M&A strategy lately, while its CEO, John Chambers, who is preparing to retire soon, said the company would not be interested in buying EMC, Re/code noted. PRICE ACTION: In mid-morning trading, HP jumped 4.6% to $36.83, while shares of EMC were down fractionally.
10:04 EDTBKW, ORCLOn The Fly: Analyst Upgrade Summary
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07:53 EDTORCLOracle upgraded to Buy from Neutral at DA Davidson
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07:50 EDTCSCOCisco shares could reach $40 with splits, spin-offs, says RBC Capital
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07:16 EDTCPCanadian Pacific price target raised to $265 from $229 at Credit Suisse
Credit Suisse raised Canadian Pacific's price target to $265 and increased estimates following the favorable update in long-term targets. Shares are Outperform rated.
07:09 EDTBKWBurger King upgraded to Overweight from Equal Weight at Morgan Stanley
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06:38 EDTCSCOSpun off HP companies could be takeover targets, Re/code says
After HP (HPQ) splits into two publicly traded companies, both of those companies could become takeover targets, according to Re/code. The PC and printing unit could interest Dell or Lenovo (LNVGY), while Hewlett-Packard Enterprises could merge with EMC (EMC) and/or become a target for Dell and Cisco (CSCO), the website stated. Reference Link
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