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Stock Market & Financial Investment News

News Breaks
April 25, 2014
10:22 EDTDIG, LFC, CERN, DISCA High option volume stocks: DISCA LFC DIG CERN
News For DISCA;LFC;DIG;CERN From The Last 14 Days
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November 21, 2014
10:00 EDTCERNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Best Buy (BBY) upgraded to Outperform from Market Perform at Telsey Advisory... BlackRock (BLK) upgraded to Outperform from Market Perform at Bernstein... Cerner (CERN) upgraded to Outperform from Market Perform at Cowen... Community Health (CYH) upgraded to Outperform from Market Perform at Raymond James... Lockheed Martin (LMT) upgraded to Neutral from Sell at UBS... Teekay Offshore Partners (TOO) upgraded to Buy from Neutral at Citigroup... Trinity Industries (TRN) upgraded to Buy from Neutral at Longbow... Zebra Technologies (ZBRA) upgraded to Overweight from Neutral at JPMorgan... Ross Stores (ROST) upgraded to Hold from Sell at Maxim... St. Jude Medical (STJ) upgraded to Outperform from Market Perform at Cowen... Wolverine World Wide (WWW) upgraded to Buy from Neutral at DA Davidson... D.R. Horton (DHI) upgraded to Market Perform from Underperform at Raymond James... KB Home (KBH) upgraded to Market Perform from Underperform at Raymond James... Sony (SNE) upgraded to Overweight from Neutral at JPMorgan.
09:06 EDTCERNCerner upgraded to Outperform at Cowen
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06:26 EDTCERNCerner upgraded to Outperform from Market Perform at Cowen
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November 20, 2014
07:26 EDTCERNCerner price target raised to $75 from $68 at RBC Capital
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November 19, 2014
14:36 EDTDISCADiscovery acquires exclusive broadcast rights to TNA Impact Wresting
Discovery Communications announced that it has signed a multi-year deal with TNA IMPACT WRESTLING to bring the popular league to homes nationwide on Destination America, the only network dedicated to celebrating the people, places and stories of the United States. Destination America officially enters the ring with its first world premiere of IMPACT WRESTLING in January 2015. The series features some of the biggest names in professional wrestling, including Jeff Hardy, Bobby Roode, Kurt Angle, Bobby Lashley and Gail Kim. The partnership includes the U.S. premieres of additional TNA WRESTLING series and specials and provides Discovery Communications with international broadcasting rights in select regions, to be announced at a later date.
November 18, 2014
09:56 EDTDISCAOn The Fly: Analyst Upgrade Summary
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06:12 EDTDISCADiscovery upgraded to Neutral from Sell at Citigroup
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November 13, 2014
16:19 EDTDISCAMeritage Group reports 5.0% passive stake in Discovery
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06:17 EDTDISCASony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
10:43 EDTDISCABernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
10:00 EDTDISCAOn The Fly: Analyst Downgrade Summary
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08:02 EDTCERNCredit Suisse to hold a conference
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06:13 EDTDISCADiscovery downgraded at Bernstein
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November 11, 2014
16:08 EDTDISCADiscovery downgraded to Market Perform from Outperform at Bernstein
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