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Stock Market & Financial Investment News

News Breaks
January 8, 2014
08:23 EDTSHW, NL, CAGSherwin-Williams, others ordered to pay over $1B for lead paint, Bloomberg says
Sherwin-Williams (SHW), NL Industries (NL) and a subsidiary of ConAgra (CAG) were ordered to pay $1.15B to replace or contain lead paint in millions of California homes in a final court order that increased the amount the companies must pay by $50M, reported Bloomberg. Reference Link
News For SHW;NL;CAG From The Last 14 Days
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October 14, 2014
13:46 EDTCAGConAgra reaffirms guidance, sees Q2 EPS in-line with year ago
ConAgra Foods said it expects to affirm its previously announced FY15 guidance of diluted earnings per share to show a mid-single digit rate of growth over comparable FY14 when meeting with investors today. It adds the remaining EPS growth in FY15 is expected to occur in the second half of the fiscal year. Comparable EPS for Q2 is expected to be in line with year-ago amounts given the "strong comparable EPS performance" in the second quarter of last year. The company reaffirms its operating cash flow, debt reduction, and dividend guidance.
11:25 EDTCAGCargill to distribute certain ConAgra foods in Brazil
Cargill and ConAgra Foods are pleased to announce a partnership to bring the Huntís line of condiments and ACT II microwave popcorn to Brazil. In the past three years the condiments market has grown 4.5% a year; the main product in this category is tomato ketchup, which accounts for about 93% of this market. In Brazil, the microwave popcorn market has considerable growth potential as a result of strong sales of microwave ovens to the countryís new middle class in recent decades.
October 9, 2014
10:00 EDTSHWOn The Fly: Analyst Initiation Summary
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October 8, 2014
16:29 EDTSHWU.S. Chemicals sector initiated with an Overweight at RBC Capital
RBC Capital started the U.S. Chemicals sector with an Overweight rating citing the growth of shale gas. The firm lists ethylene stocks LyondellBasell (LYB), Westlake Chemical (WLK) and Dow Chemical (DOW) its top picks in the space. RBC views coatings stocks as good ways to play the pending recovery in construction, and has Outperform ratings on Sherwin-Williams (SHW) and PPG Industries (PPG). RBC put its only Underperform rating in the sector on Axiall (AXLL), citing the company's short ethylene position and leverage to single-family housing.
16:20 EDTSHWSherwin-Williams initiated with an Outperform at RBC Capital
Target $275.

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