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Stock Market & Financial Investment News

News Breaks
February 24, 2014
10:00 EDTNBL, TGT, AWR, OCFC, LCUT, AGEN, MOVE, PCAR, BEBE, GNVC, AES, HLT, DRNA, PRGN, CSIQ, HRB, CLDNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Canadian Solar (CSIQ) initiated with an Overweight at JPMorgan... Celladon (CLDN) initiated with an Overweight at Barclays... H&R Block (HRB) initiated with an Outperform at Credit Suisse... Lifetime Brands (LCUT) initiated with a Buy at Canaccord... Paragon Shipping (PRGN) initiated with a Buy at Jefferies... Zillow (Z) initiated with an Equal Weight at Morgan Stanley... bebe stores (BEBE) initiated with a Buy at Sidoti... OceanFirst Financial (OCFC) initiated with an Outperform at Boenning & Scattergood... Dicerna (DRNA) initiated with a Buy at Stifel... PACCAR (PCAR) initiated with a Buy at ISI Group... American States Water (AWR) initiated with a Buy at Ladenburg... Hilton Worldwide (HLT) initiated with a Neutral at Macquarie... Dicerna (DRNA) initiated with a Buy at Jefferies... Move, Inc. (MOVE) initiated with an Equal Weight at Morgan Stanley... Target (TGT) initiated with a Neutral at Sterne Agee... AES Corp. (AES) initiated with a Neutral at JPMorgan... Noble Energy (NBL) initiated with a Buy at KLR Group... Agenus (AGEN) initiated with a Buy at H.C. Wainwright... GenVec (GNVC) initiated with a Buy at H.C. Wainwright.
News For CSIQ;CLDN;HRB;LCUT;PRGN;BEBE;OCFC;DRNA;PCAR;AWR;HLT;MOVE;TGT;AES;AGEN;NBL;GNVC From The Last 14 Days
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January 15, 2015
11:43 EDTTGTTarget says 'vast majority' of Canada exit costs are non-cash
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10:35 EDTTGTTarget viewed unchanged after Canada exit, says RW Baird
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10:22 EDTTGTTarget rallies after moving to close Canadian operations, levels to watch
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10:12 EDTTGTTarget to host business news update conference call
Conference call to discuss Target Canada granted CCAA order will be held on January 15 at 11:30am. Webcast Link
10:04 EDTTGTTarget exit from Canada came sooner than expected, says Wells Fargo
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09:46 EDTTGTTarget Canada granted CCAA order
Target announced that Target Canada has obtained an Initial Order from the Ontario Superior Court of Justice for creditor protection under the Companies' Creditors Arrangement Act, or CCAA, earlier this morning. The Initial Order authorizes Target Canada to begin a court-supervised wind-down of its Canadian businesses. It also provides for a broad stay of proceedings against Target Canada and authorizes Target to provide a debtor-in-possession credit facility of $175M to finance Target Canada’s operations during the CCAA proceedings. Note that Target announced earlier that it has decided to discontinue operations in Canada.
09:15 EDTTGTOn The Fly: Pre-market Movers
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08:41 EDTTGTTarget raises Q4 adjusted EPS view to $1.43-$1.47, may not compare to $1.21
Based on performance through November and December, Target now expects to report Q4 U.S. comparable sales of approximately 3%, better than prior guidance of approximately 2%, driven primarily by increased traffic and stronger-than-expected digital sales. Sees Q4 adjusted EPS, reflecting results from continuing operations, of $1.43-$1.47, about 6c ahead of expectations for U.S. Segment performance at the beginning of the quarter. The company is not able to provide an estimate of its expected Q4 GAAP EPS. However, GAAP results are expected to include: Losses related to liquidation of Target Canada,net of taxes; Net expenses related to the 2013 data breach, which are not expected to be material; the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the company’s credit card portfolio, which is expected to reduce GAAP EPS by approximately 2c.
08:28 EDTTGTTarget to report Canadian operations as discontinued starting in Q4
As a result of the Canada decision, Target Corporation will operate as a single segment that includes all U.S. operations. Beginning with the company’s Q4 financial results, Target will report adjusted earnings per share reflecting operating results from its U.S. operations, excluding discontinued Canadian operations, the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the Company’s U.S. consumer credit card portfolio, net expenses related to the 2013 data breach, and the resolution of certain tax matters.
08:27 EDTTGTTarget to exit Canadian operations, sees move raising earnings in FY15 and after
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08:24 EDTTGTTarget volatility flat into discontinuation of Canadian operations
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08:23 EDTTGTTarget jumps after announcing plans to exit Canadian operations
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08:21 EDTTGTTarget sees reporting $5.4B pre-tax losses on discontinued operations in Q4
08:19 EDTTGTTarget to discontinue Canadian operations
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January 14, 2015
10:00 EDTBEBEOn The Fly: Analyst Upgrade Summary
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06:56 EDTBEBEbebe stores upgraded to Buy from Neutral at Janney Capital
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05:57 EDTHLTLodging sector downgraded to Market Weight at Wells Fargo
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January 13, 2015
17:36 EDTAGENQVT Financial reports 9.82% passive stake in Agenus
10:00 EDTHLTOn The Fly: Analyst Upgrade Summary
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07:12 EDTHLTHilton upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Hilton to Outperform citing share underperformance relative to peers, potential upside to consensus earnings from the recycling of Waldorf proceeds, and the possibility of the company exploring a real estate spinoff in 2015. Wells raised its price target range for shares to $28-$29 from $26-$27.
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