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Stock Market & Financial Investment News

News Breaks
March 6, 2014
08:16 EDTHMHCHoughton Mifflin sees FY14 total net sales to increase by 5%-8% vs. last year
The company said, "The company will provide annual guidance on revenues, pre-publication costs or content development and addressable market size. In FY14, HMH expects to improve net sales, driven primarily by the company’s education segment due to the improving adoption and open territory markets. As a result of this improvement, the company expects total net sales in FY14 to increase by 5%-8% over FY13 revenues of $1.379M. Additionally, expected pre-publication costs or content development spend for FY14 will be approximately $100M-$120M. HMH’s addressable market, the market where it primarily sells its instructional resources for grades K through 12, is expected to grow 13% to $2.9B in FY14 from $2.5B in FY13."
News For HMHC From The Last 14 Days
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January 21, 2015
10:01 EDTHMHCOn The Fly: Analyst Downgrade Summary
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08:57 EDTHMHCHoughton Mifflin downgraded at Morgan Stanley
As previously reported, Morgan Stanley downgraded Houghton Mifflin to Equal Weight from Overweight. The firm expects reduced 2016 revenue growth as tailwinds from new Common Core teaching standards slow, a reduction in state budgets, and said digital adoption is years away. Price target lowered to $18.
06:27 EDTHMHCHoughton Mifflin downgraded to Equal Weight from Overweight at Morgan Stanley

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