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Stock Market & Financial Investment News

News Breaks
April 9, 2014
13:35 EDTHSY, NSRGY, MDLZHershey melts after Goldman downgrade
Shares of chocolate maker Hershey (HSY) are falling after Goldman Sachs lowered its rating on the stock to a Sell. WHAT'S NEW: After the market closed last night, Goldman Sachs downgraded Hershey to Sell from Neutral, saying the stock is "priced for perfection" and that the company's cycle of strong earnings growth will end. Goldman lowered its price target for the stock to $90 from $105. Goldman Sachs analysts Jason English, Sean King and Manpreet Sethl were cautious on Hershey, saying that they expect the company's domestic momentum to fade. Goldman lowered its earnings per share estimates for Hershey's fiscal years 2014 through 2016 by 3%-6% to reflect lower sales and margin projections. While they said that they still perceive Hershey as a "best-in-breed company" whose international momentum will continue, the analysts believe expectations for the company are on the verge of turning more negative. OTHERS TO WATCH: Other companies in the chocolate industry include Nestle (NSRGY) and Mondelez (MDLZ), which owns Cadbury. PRICE ACTION: During afternoon trading, shares of Hershey fell $2.57 or $2.53%, to $99.15.
News For HSY;NSRGY;MDLZ From The Last 14 Days
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September 29, 2014
11:19 EDTNSRGYNestle announces plans to sell Alete, Milasan brands, AP says
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September 26, 2014
05:24 EDTHSYHershey stock purchase of Shanghai Golden Monkey not expected to affect FY14 EPS
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September 25, 2014
09:02 EDTMDLZMondelez appoints Dana Anderson as SVP and Chief Marketing Officer
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September 24, 2014
09:59 EDTHSYHershey enhances palm oil sourcing policy
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September 17, 2014
11:11 EDTMDLZGeneral Mills crumbles after earnings miss, downgrade
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10:00 EDTNSRGYOn The Fly: Analyst Downgrade Summary
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10:00 EDTMDLZOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.
07:54 EDTNSRGYNestle downgraded to Hold from Buy at Societe Generale
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07:00 EDTMDLZ, NSRGYMondelez exec aiming for more beverage offerings, Reuters says
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06:27 EDTMDLZMondelez upgraded to Buy from Hold at Societe Generale
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05:25 EDTMDLZMondelez upgraded to Buy from Hold at Societe Generale
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05:25 EDTNSRGYNestle downgraded to Hold from Buy at Societe Generale
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September 16, 2014
08:20 EDTHSYHershey added to US Focus List, Mead removed at Citigroup
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07:49 EDTMDLZBofA/Merrill to hold a conference
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