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Stock Market & Financial Investment News

News Breaks
March 7, 2014
10:58 EDTKFY, HSII, MAN, CTPKorn/Ferry hits new 52-week high after better than expected results, guidance
Shares of executive recruitment company Korn/Ferry (KFY) hit a new 52-week high after easily beating third quarter estimates. WHAT'S NEW: Last night, Korn/Ferry reported Q3 adjusted earnings per share of 43c and revenue of $251M against consensus views of 34c and $229.23M. Q4 EPS was forecast at 35c-41c versus analysts’ estimates of 37c. Q4 fee revenue was seen at $240M-$250M. ANALYST REACTON: This morning, research firm SunTrust Robinson Humphrey raised its price target on Korn/Ferry to $34 from $30 and maintained a Buy rating on the shares. The firm said the company’s exposure to improving markets should create market share gain and cause its multiple to expand. Another firm, William Blair, maintained its Outperform rating on the stock. The firm said the stock remains attractive with potential for double-digit earnings growth and modest upside to estimates. PRICE ACTION: In early morning trading, Korn/Ferry rose $2.77, or 10.7%, to $28.60 on nearly three times its average daily trading volume. Earlier in the session, the stock made a new 52-week high of $29.06. Over the past 12 months, the stock has gained approximately 60%. OTHERS TO WATCH: Others in the recruitment industry include Heidrick & Stuggles (HSII), ManpowerGroup (MAN), and CTPartners Executive Search (CTP).
News For KFY;HSII;MAN;CTP From The Last 14 Days
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October 17, 2014
10:00 EDTMANOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
09:22 EDTMANManpower upgraded to Outperform from Market Perform at Avondale
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October 15, 2014
08:04 EDTCTPCTPartners to acquire Neumann, financial terms not disclosed
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October 9, 2014
09:17 EDTMANManpower estimates lowered to low end of guidance at Northcoast
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