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Stock Market & Financial Investment News

News Breaks
April 9, 2014
13:35 EDTNSRGY, HSY, 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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March 26, 2015
07:53 EDTMDLZHeinz likely to close Kraft Illinois headquarters, NY Post says
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07:08 EDTMDLZMondelez could become takeover target for Kraft Heinz, says RBC Capital
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06:20 EDTMDLZKraft Foods shares worth $78 at deal closing, says Citigroup
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March 25, 2015
10:43 EDTMDLZFood makers advance after Kraft, Heinz announce merger
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09:31 EDTNSRGYBernstein European food analyst holds analyst/industry conference call
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09:31 EDTMDLZCarnival names Julia Brown Chief Procurement Officer
Carnival (CCL; CUK) named Julia Brown to the newly created role of Chief Procurement Officer overseeing strategic sourcing and supplier relationship management. Brown most recently served as CPO on the global management team at Mondelez (MDLZ).
08:25 EDTMDLZMondelez volatility flat into H.J. Heinz Company and Kraft Foods merger
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08:22 EDTMDLZBuffett says has looked at 'all the companies' in Kraft's space
Buffett was answering a question posed by CNBC's Becky Quick regarding whether Campbell Soup (CPB), Mondelez (MDLZ) or others could be targets for Berkshire (BRK.A) following its Heinz and Kraft (KRFT) deals.
08:13 EDTMDLZKraft brands have a lot of potential to expand internationally, Buffett says
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07:28 EDTMDLZOptions expected to be active
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March 22, 2015
14:59 EDTNSRGYPinnacle Foods enters bidding for meatless food company Quorn, Telegraph says
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March 20, 2015
08:28 EDTNSRGYNestle positive attributes underappreciated, says RBC Capital
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March 13, 2015
09:06 EDTHSYColgate-Palmolive reports Hershey CEO joins board of directors
In a regulatory filing, Colgate-Palmolive (CL) reports that at its meeting on March 11, the board elected John Bilbrey, president and CEO of The Hershey Company (HSY) to the Colgate board.

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