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Stock Market & Financial Investment News

News Breaks
August 6, 2014
10:45 EDTSDT, EGLE, PH, CRTO, WETF, CIE, WMGI, FXC, CEQP, INFYHigh option volume stocks:
High option volume stocks: INFY CEQP FXC WETF EGLE WMGI CRTO SDT CIE PH
News For INFY;CEQP;FXC;WETF;EGLE;WMGI;CRTO;SDT;CIE;PH From The Last 14 Days
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July 1, 2015
16:05 EDTWETFWisdomTree acquisition of North Bank not expected to have material effect on EPS
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09:46 EDTCRTOCriteo rises after said to add Alibaba, Target as customers
Shares of digital marketing solutions provider Criteo (CRTO) are rising in early trading after research firm Pacific Crest raised its price target on the stock. The firm also notes that it appears Criteo has recently added Alibaba (BABA) and Target (TGT) as customers. WHAT'S NEW: In a note to investors this morning, Pacific Crest analyst Evan Wilson said that the firm's checks indicate that Criteo now has cookies on 49% of the top 100 retail and travel websites in the U.S. Wilson noted that Google (GOOG) has 76% of the top 100, but suggested also that its heavy overlap with Criteo reinforces the view that the two companies' cookies serve different purposes. Wilson said Target was a notable Criteo win in the U.S. during Q2, while also saying the firm discovered that some Alibaba sites outside of China now have a Criteo cookie for the first time. Wilson raised his 2016 estimates for Criteo citing the continued strong checks and increased the firm's price target on the stock to $65 from $55. PRICE ACTION: In early trading, Criteo grained $2.30, or 4.8%, to $49.97.
08:18 EDTCRTOCriteo price target raised to $65 from $55 at Pacific Crest
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07:10 EDTCEQPCrestwood Equity Crestwood Midstream weakness unwarranted, says Wells Fargo
Noting that Crestwood Equity (CEQP) and Crestwood Midstream (CMLP) have dropped 38% and 28% respectively since announcing that they would merge on May 6, Wells Fargo reports that Crestwood Equity disclosed that it was pursing several strategic alternatives. However, the firm does not believe that its statement contained any negative information. Among the possible explanations for the stocks' weakness Wells has heard are hedge funds' disappointment with the transaction, as they were looking for a third party takeover, an increase in the short interest in Crestwood Equity in the wake of the news, and low NGL prices. Nonetheless the firm views the weakness n the stocks as unwarranted. It keeps an Outperform rating on Crestwood Midstream and a Market Perform rating on Crestwood Equity.
June 25, 2015
10:00 EDTCRTOOn The Fly: Analyst Initiation Summary
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06:31 EDTCRTOCriteo initiated with an Outperform at Cowen
Target $58.
June 23, 2015
07:24 EDTCEQPCredit Suisse to hold a conference
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June 22, 2015
10:00 EDTWETFOn The Fly: Analyst Downgrade Summary
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06:15 EDTWETFWisdomTree downgraded to Market Perform from Outperform at Keefe Bruyette
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