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Stock Market & Financial Investment News

News Breaks
July 31, 2014
06:01 EDTPEP, TGTTarget to name PepsiCo's Brian Cornell as new CEO, WSJ reports
Target (TGT) is reportedly set to name Brian Cornell, an executive at PepsiCo (PEP), to become its new CEO, the Wall Street Journal reports. Cornell, who would be Target's first outside CEO pick, most recently ran PepsiCo's Americas Foods business. Reference Link
News For TGT;PEP From The Last 14 Days
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June 26, 2015
10:00 EDTTGTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Underperform from Market Perform at Bernstein... Apogee Enterprises (APOG) downgraded to Market Perform from Outperform at Northland... Atlas Resource Partners (ARP) downgraded to Underperform from Neutral at BofA/Merrill... Bank of the Ozarks (OZRK) downgraded to Hold from Buy at Drexel Hamilton... China Cord Blood (CO) downgraded to Neutral from Buy at Roth Capital... Citizens Financial (CFG) downgraded to Neutral from Buy at Guggenheim... Community Health (CYH) downgraded to Market Perform from Outperform at Raymond James... Eagle Bancorp (EGBN) downgraded to Hold from Buy at Sandler O'Neill... Fifth Street Senior (FSFR) downgraded to Neutral from Buy at UBS... FireEye (FEYE) downgraded to Equal Weight from Overweight at Barclays... Insight Enterprises (NSIT) downgraded to Underperform at Raymond James... Micron (MU) downgraded to Neutral from Buy at Mizuho... SYNNEX (SNX) downgraded to Hold from Buy at Needham... Swatch Group (SWGAY) downgraded to Equal Weight from Overweight at Barclays... Target (TGT) downgraded to Market Perform from Outperform at BMO Capital... Zoetis (ZTS) downgraded to Market Perform from Outperform at BMO Capital.
07:51 EDTPEPPepsiCo volatility at 15 into Q2 and outlook
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07:40 EDTTGTTarget downgraded to Market Perform from Outperform at BMO Capital
BMO Capital downgraded Target to Market Perform citing near-term leadership uncertainty at a time when shares are trading near 52 week and all-time highs. BMO Capital's analyst said it was surprised by the announcement that Kathee Tesija, EPV and Chief Merchandising and Supply Chain Officer will transition into an advisory role but does not view it as a disagreement in strategic direction.
June 25, 2015
09:03 EDTTGTTarget: Chief Merchandising and Supply Chain Officer to move to advisory role
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08:26 EDTTGTTarget management to meet with Evercore ISI
Field trip to company headquarters to be held in Minneapolis on June 29 hosted by Evercore ISI.
June 19, 2015
16:24 EDTTGTStocks end week higher after Fed reassures on gradual pace of rate increases
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June 17, 2015
18:14 EDTTGTTarget to eliminate jobs at its corporate headquarters, AP says
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June 16, 2015
19:25 EDTTGTWal-Mart ranks high among millenials, Ad Age says
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09:22 EDTPEPFDA gives food makers three years to remove partially hydrogenated oils
The FDA announced it has finalized its determination that partially hydrogenated oils, or PHOs, the primary dietary source of artificial trans fat in processed foods, are not “generally recognized as safe” or GRAS for use in human food. Food manufacturers will have three years to remove PHOs from products. In 2013, the FDA made a tentative determination that PHOs could no longer be considered GRAS and is finalizing that determination after considering public comments. The FDA has set a compliance period of three years. This will allow companies to either reformulate products without PHOs and/or petition the FDA to permit specific uses of PHOs. Following the compliance period, no PHOs can be added to human food unless they are otherwise approved by the FDA. Publicly traded food manufacturers include Mondelez (MDLZ), Kraft Foods (KRFT), General Mills (GIS), Hershey (HSY), PepsiCo (PEP), Kellogg (K), ConAgra (CAG) and Campbell Soup (CPB).
08:41 EDTTGTCVS Health deal 'extremely attractive,' says SunTrust
After CVS Health (CVS) agreed to buy Target's (TGT) pharmacies/clinics, SunTrust says that CVS.will benefit strategically and financially from the deal. The firm believes that the deal is capital efficient, provides CVS with an immediate and noticeable presence in several key markets and further rounds out CVS' presence in other geographies. It keeps a Buy rating on the stock.

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