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Stock Market & Financial Investment News

News Breaks
June 23, 2014
18:07 EDTDF, CLXDean Foods subpoenaed in insider trading probe, WSJ says
According to sources, Federal authorities have sought information from Dean Foods (DF) and Clorox (CLX) Clorox in connection with an insider-trading probe involving activist investor Carl Icahn, sports bettor William T. Walters, and golfer Phil Mickelson, says the Wall Street Journal. Dean Foods received a subpoena from authorities in recent weeks while Clorox is said to have received a request for information from the SEC in 2011, added the Wall Street Journal. Reference Link
News For DF;CLX From The Last 14 Days
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January 15, 2015
10:37 EDTCLXKraft rises after Goldman gets less cautious on food space, ups stock to buy
Shares of Kraft Foods (KRFT) are climbing after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. WHAT'S NEW: Costs for food makers are declining as commodity prices drop, Goldman Sachs analyst Judy Hong wrote in a note to investors today. Kraft is among the U.S. food companies that benefits the most from lower costs, the analyst stated. Additionally, Kraft's pricing power is one of the strongest in the group and it is heavily exposed to the U.S. economy, the analyst stated. WHAT'S NOTABLE: Hong's upgrade of Kraft was part of a note in which she took a more balanced view of the U.S. consumer staples sector. The analyst upgraded the Food sector to Neutral from Cautious, noting that consumer staples stocks with outsized exposure to the U.S. market should be boosted by strong U.S. growth and more favorable foreign exchange dynamics than their peers. In addition to Kraft, the analyst identified the following stocks as her top picks within the consumer staples sector: Monster Beverage (MNST), Constellation Brands (STZ), Coca-Cola Enterprises (CCE), Keurig Green Mountain (GMCR), Freshpet (FRPT), Mead Johnson (MJN), and Estee Lauder (EL). Goldman also upgraded Hershey (HSY), Dr. Pepper Snapple (DPS), and Clorox (CLX), all to Neutral from Sell, downgraded cigarette maker Philip Morris (PM) to Sell from Neutral and downgraded brewer Molson Coors (TAP) to Neutral from Buy. PRICE ACTION: In early trading, Kraft climbed 3.7% to $65 per share.
10:00 EDTCLXOn The Fly: Analyst Upgrade Summary
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06:23 EDTCLXClorox upgraded to Neutral from Sell at Goldman
Goldman upgraded Clorox to Neutral given outsized U.S. exposure and lower input costs from the fall in oil. Price target is $104.
January 12, 2015
10:00 EDTDFOn The Fly: Analyst Downgrade Summary
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06:53 EDTDFDean Foods downgraded to Neutral from Outperform at Credit Suisse
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