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Stock Market & Financial Investment News

News Breaks
January 9, 2013
10:21 EDTPCG, FMER, SAPE, DNKN, RRGB, KEY, CTXS, DISH, V, URBN, RL, HCSG, EAT, MAT, CSC, ROST, BGSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: B&G Foods (BGS) upgraded to Overweight from Neutral at Piper Jaffray... Brinker (EAT) upgraded to Overweight from Equal Weight at Morgan Stanley... Citrix Systems (CTXS) upgraded to Buy from Hold at Jefferies... FirstMerit (FMER) upgraded to Outperform from Perform at Oppenheimer... Healthcare Services (HCSG) upgraded to Buy from Hold at Benchmark Co.... KeyCorp (KEY) upgraded to Outperform from Perform at Oppenheimer... PG&E (PCG) upgraded to Buy from Hold at Jefferies... Ralph Lauren (RL) upgraded to Outperform from Neutral at Macquarie... Red Robin (RRGB) upgraded to Equal Weight from Underweight at Morgan Stanley... Ross Stores (ROST) upgraded to Buy from Hold at Deutsche Bank... Urban Outfitters (URBN) upgraded to Neutral from Underperform at Macquarie... Dunkin' Brands (DNKN) upgraded to Buy from Neutral at Janney Capital... CSC (CSC) upgraded to Neutral from Sell at Goldman... Sapient (SAPE) upgraded to Neutral from Sell at Goldman... Visa (V) upgraded to Conviction Buy from Buy at Goldman... Mattel (MAT) upgraded to Buy from Neutral at MKM Partners... DISH (DISH) upgraded to Buy from Hold at Wunderlich.
News For BGS;EAT;CTXS;FMER;HCSG;KEY;PCG;RL;RRGB;ROST;URBN;DNKN;CSC;V;SAPE;MAT;DISH From The Last 14 Days
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May 24, 2013
09:28 EDTDISHDISH looking to develop broadband service, says Wells Fargo
After DISH (DISH) agreed to develop a fixed-mobile broadband service with nTelos (NTLS), Wells Fargo does not believe that DISH is looking to build a network. Rather, the firm thinks that DISH is looking to build a broadband service that is likely to operate on Sprint's (S) spectrum. The firm views the nTelos deal positively as it gives DISH a head start in developing a broadband offering in case it acquires Sprint. The firm keeps an Outperform rating on Sprint.
08:53 EDTROSTRoss Stores remains a best idea at 2013 at UBS
UBS said Ross Stores remains well-positioned for market share gains driven by a turn in the home category, "sticky" traffic, mid-tier dept store weakness, product availability, strength in the California market, and above average square footage growth. Shares are Buy rated with a $75 price target.
07:10 EDTDISHDish and NTELOS sign letter of intent to pursue strategic relationship
DISH Network (DISH) and NTELOS (NTLS) announced that nTelos and a wholly-owned subsidiary of DISH have executed a Letter of Intent to pursue a strategic relationship to co-develop a fixed-mobile broadband service within nTelos's coverage territory serving Virginia, West Virginia and portions of Maryland, North Carolina, Pennsylvania, Ohio and Kentucky. Once complete, the service is expected to give nTelos and DISH customers, many of whom are located in underserved rural communities, access to reliable high-speed Internet, whether at home or on the go.
07:03 EDTDISHDISH, NTELOS sign Letter of Intent for strategic relationship
DISH Network (DISH) and NTELOS Holdings (NTLS) announced that nTelos and a wholly owned subsidiary of DISH have executed a Letter of Intent to pursue a strategic relationship to co-develop a fixed-mobile broadband service within nTelos’s coverage territory serving Virginia, West Virginia and portions of Maryland, North Carolina, Pennsylvania, Ohio and Kentucky. Once complete, the service is expected to give nTelos and DISH customers, many of whom are located in underserved rural communities, access to reliable high-speed Internet, whether at home or on the go.
06:15 EDTRLRalph Lauren pullback a buying opportunity, says Citigroup
Citigroup views the pullback in shares of Ralph Lauren following the company's weaker than expected FY14 guidance as a buying opportunity. Citi says its long-term thesis remains intact and raised its price target for shares to $209 from $204 while keeping a Buy rating on the stock.
May 23, 2013
19:37 EDTDISHDISH secures $9B in financing for Sprint deal, WSJ reports
DISH (DISH) has received commitment letters from five banks, including Barclays (BCS) and Jefferies, for financing for its $25.5B bid for Sprint (S), reports The Wall Street Journal, citing people familiar with the matter. Reference Link
18:13 EDTDISHDish responds to Softbank claims in attempt to take control of Sprint
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16:03 EDTROSTRoss Stores raises FY13 EPS outlook to $3.70-$3.81 from $3.65-$3.80
Consensus $3.88.
16:02 EDTROSTRoss Stores sees Q2 EPS 89c-93c, consensus 91c
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16:01 EDTROSTRoss Stores reports Q1 EPS $1.07, consensus $1.07
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15:24 EDTROSTNotable companies reporting after market close
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14:45 EDTVRetailers file new suit against card companies over swipe fees, Bloomberg says
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11:59 EDTVRetailers file suit against Visa, MasterCard over credit cards, Bloomberg says
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11:56 EDTVVisa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking.
08:38 EDTCTXSCitrix Systems changes could reaccelerate growth, says Pacific Crest
Pacific Crest believes that additional product integration by Citrix and the launch of its XenDesktop 7 product significantly expands the company's cross-selling opportunity. The firm believes that estimates for the company appear conservative, and it recommends buying the stock.
08:09 EDTDISHDISH issues statement on SoftBank and CFIUS
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08:08 EDTRLRalph Lauren sees Q1 revenue up low-single-digit percentage, consensus $1.73B
Sees Q1 consolidated net revenues to increase by a low-single-digit percentage, including a 150 basis point net negative impact from foreign currency translation. Wholesale sales are expected to grow slightly faster than retail sales due to the transition of certain formerly licensed merchandise categories to directly controlled operations. Operating margin for Q1 is expected to be approximately 200-250 basis points below the comparable prior year.
08:07 EDTRLRalph Lauren sees FY14 revenues up 4%-7%, consensus $7.63B
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08:03 EDTRLRalph Lauren reports Q4 EPS ex-items $1.41, consensus $1.30
Reports Q4 revenue $1.64B, consensus $1.7B. Says Consolidated comparable store sales rose 3% on a reported basis and were up 4% in constant currency during Q4.
07:51 EDTKEYKeyCorp names Donald Kimble CFO effective June 3
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