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Stock Market & Financial Investment News

News Breaks
May 20, 2014
20:25 EDTPETM, PETM, AEO, AEO, LOW, LOW, TGT, TGT, HRL, HRL, TIF, TIFNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lowe's (LOW) , consensus 60c; Target (TGT), consensus 71c; Hormel Foods (HRL), consensus 56c; Tiffany & Co. (TIF), consensus 78c; PetSmart (PETM), consensus $1.01; American Eagle Outfitters (AEO), consensus 0c.
News For LOW;TGT;HRL;TIF;PETM;AEO From The Last 14 Days
Check below for free stories on LOW;TGT;HRL;TIF;PETM;AEO the last two weeks.
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September 16, 2014
07:09 EDTAEOAmerican Eagle upgraded to Overweight from Equal Weight at Stephens
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September 15, 2014
18:25 EDTTIFTiffany CEO sells $5.46M shares, Barron's says
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09:59 EDTTGTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Realty (ARCP) initiated with an Overweight at JPMorgan... Athlon Energy (ATHL) initiated with a Buy at KLR Group... Capital Product (CPLP) initiated with a Buy at Jefferies... Continental Resources (CLR) initiated with a Buy at Canaccord... Costco (COST) initiated with a Buy at Citigroup... Infinera (INFN) initiated with an Outperform at Barrington... NRG Yield (NYLD) initiated with an Outperform at RBC Capital... PTC Therapeutics (PTCT) initiated with a Buy at Deutsche Bank... Power Solutions (PSIX) initiated with an Outperform at Northland... ServiceNow (NOW) initiated with an Outperform at William Blair... Target (TGT) initiated with a Neutral at Citigroup... Team (TISI) initiated with a Neutral at Sidoti... VeriFone (PAY) initiated with a Buy at Monness Crespi... Wal-Mart (WMT) initiated with a Neutral at Citigroup... Whiting Petroleum (WLL) initiated with a Buy at Canaccord... Winnebago (WGO) initiated with an Outperform at BMO Capital.
06:11 EDTTGTTarget initiated with a Neutral at Citigroup
Citigroup started shares of Target with a Neutral rating saying the risk/reward is fair with valuation at three year highs. Citi believes Target is taking the right steps to improve execution and set a $66 price target for the stock.
September 11, 2014
15:04 EDTHRLHormel Foods management to meet with FBN Securities
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12:05 EDTHRLUSDA lowers forecasts for 2014, 2015 meat production
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09:39 EDTTIFTiffany management to meet with Topeka
Meeting to be held in Boston on September 16 hosted by Topeka.
September 10, 2014
10:00 EDTTIFOn The Fly: Analyst Downgrade Summary
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08:51 EDTTIFTiffany downgraded at Credit Suisse
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06:19 EDTTIFTiffany downgraded to Neutral from Outperform at Credit Suisse
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September 9, 2014
16:15 EDTTGTTarget CEO to narrow focus to re-energize 'signature' categories, WSJ says
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13:58 EDTTGTStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
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September 8, 2014
12:29 EDTTGTHome Depot victim of same malware that hit Target, Krebs reports
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September 5, 2014
12:19 EDTAEOGap falls after reporting August same-store sales decline
Shares of apparel retailer Gap (GPS) are falling after the company reported disappointing August same-store sales results and Buckingham analysts downgraded the company's stock. WHAT'S NEW: Gap reported last night that its August comparable sales declined 2%, compared to a 2% increase a year ago in the same month. Gap Global SSS fell 9%, Banana Republic Global SSS fell 2% and Old Navy Global SSS rose 2%. Gap also reported its August net sales were flat compared to last year's $1.23B. WHAT'S NOTABLE: Looking ahead, the company said Gap's August sales performance will likely put pressure on the brand's gross margins in September. ANALYST REACTION: Gap was downgraded to Neutral from Buy at Buckingham this morning following the August comparable sales numbers. Buckingham analysts say they question the previously anticipated 2H14 comp recovery at the core brand and do not see upside to the stock if the flagship brand does not turn positive in the second half. Buckingham expects the stock's multiple to contract back to its historical average until sales improve. The firm still expects full-year 2014 guidance to be achievable as Gap manages expenses and it continues to like operational improvements the company is making in its supply chain and omni-channel initiatives. Until sales improve, Buckingham expects shares to remain range bound near $44 to $46. UBS analysts, on the other hand, say Gap's share weakness presents a buying opportunity. The firm said the miss does not derail the company's ability to show improvement over the second half and does not impact their long-term thesis tied to margin improvement opportunities. PRICE ACTION: Near noon, Gap fell $2.20, or about 5%, to $44.39. OTHERS TO WATCH: Competitors to Gap include American Apparel (APP), American Eagle (AEO), Urban Outfitters (URBN), Express (EXPR), and Abercrombie and Fitch (ANF).
11:43 EDTAEOZumiez sinks as company provides 'disappointing' Q3 outlook
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08:02 EDTHRLHormel Foods CEO sees innovation efforts, new markets as growth vehicles
During the annual Barclays Back-to-School Consumer Conference, Jeffrey M. Ettinger, chairman of the board, president and CEO at Hormel Foods, offered insights on the company’s strategies for driving growth, including innovation efforts to deliver products that fit the needs of today’s consumer. Particular areas of interest include growing trends in portable and nutritious foods, multicultural flavors and expansion into global markets. “Our continued focus on innovation has brought creative and convenient value-added food products to consumers,” Ettinger said. “It has also enabled us to keep our broad portfolio of iconic brands fresh and relevant with new flavors, packaging and convenience. In August, Hormel Foods acquired CytoSport Holdings, Inc., the maker of Muscle Milk products. CytoSport’s brands align with the company’s focus on protein, while further diversifying the Hormel Foods portfolio. The acquisition will serve as a growth catalyst for the company’s Specialty Foods segment, and also offers a branded avenue for our company in the fast growing sports nutrition space. Ettinger stated Muscle Milk products will be a key contributor to the company’s growing portfolio of products focused on portable foods and better-for-you trends. In addition to innovation, the company will be focusing on driving sales outside of the United States as Ettinger stated, “We have done a nice job of expanding sales of our SPAM family of products outside the United States, and SKIPPY peanut butter has been a complimentary growth vehicle for our international business.”
September 4, 2014
08:25 EDTTGTHome Depot could see less impact than Target from data breach, says BMO Capital
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