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Stock Market & Financial Investment News

News Breaks
June 10, 2014
04:55 EDTFTR, FTR, FTR, CCOI, CCOI, CCOI, FRP, FRP, FRP, RRD, RRD, RRD, CBB, CBB, CBB, CNSL, CNSL, CNSL, GTIV, GTIV, GTIV, STX, STX, STX, BIOS, BIOS, BIOS, MSCC, MSCC, MSCCMorgan Stanley to hold a conference
Morgan Stanley Finance Leveraged Conference to be held New Orleans on June 10-12.
News For FTR;BIOS;STX;GTIV;CNSL;CBB;RRD;FRP;CCOI;MSCC From The Last 14 Days
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December 17, 2014
12:03 EDTFRPFairPoint responds to public letter from Vermont Governor Peter Shumlin
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10:14 EDTSTXHP best way to play coming PC sales outperformance, Citi says
Sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017, Citigroup wrote in a note to investors today. The firm identified HP (HPQ) as the best way to play better than expected PC sales. WHAT'S NEW: Although many believe that PCs will become extinct, there are several reasons why sales of personal computers will begin growing again, Citi analyst Jim Suva contended. Sales of commercial PCs in emerging markets should increase over the long-term, as those PCs are aging, according to Suva. He estimated that commercial PCs in emerging markets account for 27% of the total PC market. Meanwhile, tablets were supposed to replace PCs, but tablet sales growth slowed to just 8% this year, indicating that tablets are becoming less of a threat to PCs, he wrote. Additionally, some believe that PC demand was inflated by a rush to replace computers running Microsoft's (MSFT) Windows XP operating system this year after the company stopped supporting XP, but Suva believe that PC demand growth in 2014 was more driven by a need to buy new computers following a lull in growth in 2012-2013 than by the XP situation. As a result, the analyst estimates that the XP phenomenon will only reduce next year's PC growth by 1%, versus the 3%+ reduction that investors fear. HP is the best way to play the PC rebound, wrote Suva, who raised his price target on the company's shares to $46 from $40 and kept a Buy rating on the stock. WHAT'S NOTABLE: Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. PRICE ACTION: In early trading, Hewlett-Packard gained 2.7% to $38.32, Western Digital rose 1.7% to $106.30, and Seagate climbed 1% to $63.89.
06:25 EDTSTXWestern Digital price target raised to $125 from $110 at Citigroup
Citigroup raised its price target for Western Digital (WDC) shares to $125 on expectations PCs will return to positive growth in 2016-2017. Citi believes Western Digital will benefit if its thesis on PCs proves correct. It also raised its price target for Seagate (STX) shares to $74 from $70. Citi keeps a Buy rating on both stocks.
December 16, 2014
05:07 EDTMSCCMicrosemi downgraded to Perform from Outperform at Oppenheimer
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December 11, 2014
16:21 EDTFTRFrontier Communications raises quarterly dividend to 10.5c per share
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12:46 EDTCCOICogent management to meet with William Blair
Meeting to be held in Boston on December 12 hosted by William Blair.
10:13 EDTRRDOn The Fly: Analyst Initiation Summary
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06:28 EDTRRDR.R. Donnelley initiated with an Outperform at Macquarie
Target $22.
December 10, 2014
10:26 EDTCCOICogent management to meet with Pacific Crest
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07:53 EDTCNSL, CCOIUBS to hold a conference
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December 9, 2014
07:41 EDTSTXBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link
07:03 EDTMSCCMicrosemi to collaborate with New Wave Design and Verification
Microsemi announced its collaboration with New Wave Design and Verification on the development of networking hardware and a Fibre Channel IP Core. Both the PMC/XMC card and the IP Core are available now for Microsemi's SmartFusion2 SoC FPGAs and IGLOO2 FPGA devices and enable faster development cycles for new defense, aerospace, enterprise networking and storage applications which utilize Ethernet and/or Fibre Channel.
December 8, 2014
08:06 EDTFTRFrontier Communications now sees FY14 CapEx $575M-$600M
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07:32 EDTMSCCRaymond James to hold a conference
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07:28 EDTSTXFBN Securities to hold a bus tour
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07:23 EDTFTR, CBBUBS to hold a conference
42nd Annual Global Media & Communications Conference is being held in New York on December 8-10 with webcasted company presentations to begin on December 8 at 8 am; not all presentations may be webcasted. Webcast Link
December 4, 2014
16:23 EDTCBBGabelli reports 12.37% stake in Cincinnati Bell
15:50 EDTBIOSGabelli raises stake in BioScrip to 9.57% from 8.55%
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07:08 EDTBIOSReasons for optimism on BioScrip seen, says SunTrust
After meeting with BioScrip's management, SunTrust sees reasons to be optimistic about the company. The firm is encouraged about steps the company is taking, but views it as "a 2015 show-me story." Nonetheless it keeps an $8 price target and Buy rating on the shares.

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