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Stock Market & Financial Investment News

News Breaks
February 20, 2013
12:20 EDTMM, ITMN, GRMN, HNRHigh option volume stocks: HNR ITMN MM GRMN
News For HNR;ITMN;MM;GRMN From The Last 14 Days
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April 15, 2015
09:08 EDTHNROn The Fly: Pre-market Movers
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April 14, 2015
18:30 EDTHNROn The Fly: After Hours Movers
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17:24 EDTHNRHarvest Natural down over 7% after updating PDVSA talks
17:19 EDTHNRHarvest Natural says PDVSA talks have not yet resulted in acceptable offer
In a regulatory filing, Harvest Natural disclosed that it previously announced that the company had begun discussions with PDVSA toward reaching an agreement for an amicable exit from Petrodelta but that there could be no assurance that these discussions would be successful. The company added, "To date, these intermittent discussions have not led to any offer or terms that would be remotely fair and equitable to Harvestís shareholders, and PDVSA has been so advised. Again, as previously disclosed, if these discussions do not lead to a fair and equitable solution for our shareholders, Harvest expects to move forward on the arbitration path as previously announced, to the extent that it is legally permissible and that it continues to be in the best interests of our shareholders."
13:39 EDTHNRPDVSA seeks to buy Venezuela JV oil assets from Harvest Natural, Reuters reports
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April 10, 2015
08:23 EDTGRMNGarmin may be appealing to value seekers, says Pacific Crest
Pacific Crest says its checks found no signs of a pause in demand for Garmin's (GRMN) products leading up to the release of Apple's (AAPL) Apple Watch. The firm suspects that Garmin may be less hurt by the Apple Watch than many believe, and it thinks downside risk from the launch of the Apple Watch has subsided. The firm believes that value seekers could see an opportunity in Garmin, but it keeps a Sector Perform rating on Garmin.
April 6, 2015
09:22 EDTGRMNGarmin trades lower after downgrade
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06:20 EDTGRMNGarmin downgraded to Sell from Buy at Citigroup
Citigroup analyst Jeremy David downgraded Garmin two notches to Sell from Buy saying competitive pressures are likely to stall the growth of the company's GPS fitness watch business. He also thinks revenue trends in Garmin's Outdoor segment could disappoint as the year progresses. David expects Garmin to miss consensus earnings and revenue expectations in Q1 and views the Apple (AAPL) Watch launch as another potential negative catalyst for shares. He cut his price target for the stock to $42 from $68. Shares of the navigation and information device maker closed Thursday down 58c to $46.49 after Goldman Sachs downgraded the stock Neutral from Buy.

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