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Stock Market & Financial Investment News

News Breaks
June 17, 2014
12:29 EDTDPZ, NUAN, PZZADomino's, Papa John's diverge after analysts differ on pizza makers
Shares of two pizza chains, Domino's Pizza (DPZ) and Papa John's (PZZA), are moving in opposite directions after Bank of America Merrill Lynch downgraded the first and KeyBanc was upbeat on the second. WHAT'S NEW: Bank of America Merrill Lynch analyst Joseph Buckley downgraded Domino's Pizza to Underperform from Neutral in a note to investors earlier today. Domino's is trading at a valuation that is about 15% higher than the average level of its peers, Buckley estimated. However, the company's 2014 free cash flow yield is 3.7%, significantly below the peer average of 4.3%, Buckley stated. Moreover, the pizza space remains highly competitive, warned the analyst, who cut his price target on the shares to $68 from $77. Conversely, KeyBanc was upbeat on Papa John's, as the firm raised its second quarter estimates for the company above consensus levels after performing channel checks. Papa John's same-store sales momentum has continued this quarter, as it is benefiting from higher average ticket and transaction gains, KeyBanc believes. Papa John's should also benefit from lower than expected cheese prices, market share gains in the U.S., and higher overseas profits, according to the firm, which kept a $53 price target and reiterated a Buy rating on the shares. WHAT'S NOTABLE: Domino's yesterday announced that it was launching a mobile app that will enable consumers to order pizzas with voice commands. Domino's developed the app in conjunction with Nuance Communications (NUAN), which develops voice technology solutions. PRICE ACTION: In early afternoon trading, Domino's Pizza fell 1.5% to trade near $71 and Papa John's rose 0.7% to $42.61.
News For DPZ;PZZA;NUAN From The Last 14 Days
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February 5, 2016
08:00 EDTNUANNuance names Ken Siegel as Chief Legal Officer
Nuance Communications announced that it has appointed Ken Siegel as Chief Legal Officer to oversee Nuance's legal organization and operations. Bruce Bowden, who has served as interim General Counsel since 2015, will transition into a leadership role for Nuance's transformation initiative in addition to his current Corporate Strategy and Business Development leadership.
January 26, 2016
09:55 EDTNUANLeerink /healthcare tech analysts hold analyst/industry conference call
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07:50 EDTPZZAJefferies to hold a summit
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January 25, 2016
10:16 EDTPZZAHigh option volume stocks
High option volume stocks: IRM SWFT STLD AAN PKG NVRO PZZA SYY EDAP SSYS

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