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Stock Market & Financial Investment News

News Breaks
February 24, 2012
10:30 EDTPPS, GB, MAR, CRM, CLP, CCG, UA, CRUS, PG, CPT, AVB, BAX, TGT, HCCIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Target (TGT) upgraded to Buy from Hold at Jefferies...Cirrus Logic (CRUS) upgraded to Outperform from Perform at Oppenheimer...Marriott (MAR) upgraded to Conviction Buy from Buy at Goldman...Baxter (BAX) upgraded to Neutral from Sell at Citigroup...Under Armour (UA) upgraded to Overweight from Equal Weight at Morgan Stanley...Greatbatch (GB) upgraded to Neutral from Underweight at Piper Jaffray...AvalonBay (AVB) upgraded to Outperform from Underperform at Credit Suisse...Campus Crest (CCG) upgraded to Buy from Neutral at Janney Capital...Post Properties (PPS) upgraded to Buy from Neutral at UBS...Camden Property (CPT) upgraded to Buy from Neutral at UBS...Colonial Properties (CLP) upgraded to Buy from Neutral at UBS...Heritage-Crystal Clean (HCCI) upgraded to Buy from Hold at Needham...Procter & Gamble (PG) upgraded to Buy from Neutral at Buckingham...Salesforce.com (CRM) upgraded to Buy from Hold at ThinkEquity.
News For TGT;CRUS;MAR;BAX;UA;GB;AVB;CCG;PPS;CPT;CLP;HCCI;PG;CRM From The Last 14 Days
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January 15, 2015
10:12 EDTTGTTarget to host business news update conference call
Conference call to discuss Target Canada granted CCAA order will be held on January 15 at 11:30am. Webcast Link
10:04 EDTTGTTarget exit from Canada came sooner than expected, says Wells Fargo
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09:46 EDTTGTTarget Canada granted CCAA order
Target announced that Target Canada has obtained an Initial Order from the Ontario Superior Court of Justice for creditor protection under the Companies' Creditors Arrangement Act, or CCAA, earlier this morning. The Initial Order authorizes Target Canada to begin a court-supervised wind-down of its Canadian businesses. It also provides for a broad stay of proceedings against Target Canada and authorizes Target to provide a debtor-in-possession credit facility of $175M to finance Target Canada’s operations during the CCAA proceedings. Note that Target announced earlier that it has decided to discontinue operations in Canada.
09:15 EDTTGTOn The Fly: Pre-market Movers
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09:05 EDTGBGreatbatch sees FY15 adjusted EPS about 2-times revenue growth
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09:04 EDTGBGreatbatch sees FY14 adjusted EPS about $2.38, consensus $2.36
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08:41 EDTTGTTarget raises Q4 adjusted EPS view to $1.43-$1.47, may not compare to $1.21
Based on performance through November and December, Target now expects to report Q4 U.S. comparable sales of approximately 3%, better than prior guidance of approximately 2%, driven primarily by increased traffic and stronger-than-expected digital sales. Sees Q4 adjusted EPS, reflecting results from continuing operations, of $1.43-$1.47, about 6c ahead of expectations for U.S. Segment performance at the beginning of the quarter. The company is not able to provide an estimate of its expected Q4 GAAP EPS. However, GAAP results are expected to include: Losses related to liquidation of Target Canada,net of taxes; Net expenses related to the 2013 data breach, which are not expected to be material; the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the company’s credit card portfolio, which is expected to reduce GAAP EPS by approximately 2c.
08:28 EDTTGTTarget to report Canadian operations as discontinued starting in Q4
As a result of the Canada decision, Target Corporation will operate as a single segment that includes all U.S. operations. Beginning with the company’s Q4 financial results, Target will report adjusted earnings per share reflecting operating results from its U.S. operations, excluding discontinued Canadian operations, the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the Company’s U.S. consumer credit card portfolio, net expenses related to the 2013 data breach, and the resolution of certain tax matters.
08:27 EDTTGTTarget to exit Canadian operations, sees move raising earnings in FY15 and after
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08:24 EDTTGTTarget volatility flat into discontinuation of Canadian operations
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08:23 EDTTGTTarget jumps after announcing plans to exit Canadian operations
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08:21 EDTTGTTarget sees reporting $5.4B pre-tax losses on discontinued operations in Q4
08:19 EDTTGTTarget to discontinue Canadian operations
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07:13 EDTGBJPMorgan to hold a conference
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January 14, 2015
10:00 EDTCRUSOn The Fly: Analyst Upgrade Summary
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06:43 EDTCRUSCirrus Logic upgraded to Sector Perform from Underperform at Pacific Crest
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06:32 EDTUAAdidas wants to gain traction in U.S. market with endorsement deals, WSJ reports
In a move to gain traction int he U.S. market, Adidas is planning to increase endorsement deals with professional football and baseball players in the U.S. in the next few years, The Wall Street Journal reports. Adidas North American President Mark King says the German sportswear maker's U.S. arm has approval to sign up to 250 NFL players and 250 MLB players over the next three years, up from a total of less than 40 right now. Reference Link
05:57 EDTMARLodging sector downgraded to Market Weight at Wells Fargo
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05:41 EDTAVBMultifamily REIT sector downgraded to Market Weight at Wells Fargo
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January 13, 2015
07:47 EDTCRMUBS to hold investor trip
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