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Stock Market & Financial Investment News

News Breaks
February 3, 2014
11:39 EDTV, AXP, TGT, MATarget could be fined over $1 billion for card breach, analyst says
Target (TGT) may be fined $400 million to $1.1 billion for its credit card data breach late last year, research firm Jefferies wrote in a note to investors last week. WHAT'S NEW: Target may be fined up to $1.1 billion for its violation of Payment Card Industry, or PCI, standards as a result of the data breach, Jefferies analyst Daniel Binder wrote. PCI was founded by Visa (V), MasterCard (MA), American Express (AXP) and other major credit card networks to adopt security controls for handling credit and debit card data. In addition to leading to a fine, the incident could hurt Target's sales, and lower the profits that it receives from holders of its credit card, Binder stated. The data breach could also hamper Target's ability to meet its $4B share buyback target for fiscal 2015, added Binder. He now expects the company to buy back only $1B of its shares in fiscal 2015, and he reduced his fiscal 2015 earnings per share estimate for the company to $4.29 from $4.41. The analyst trimmed his price target on the shares to $56 from $59 and kept a Hold rating on the stock. Contrary to a previous version of this story, PCI does not levy fines. Rather individual payment brands may impose financial consequences on businesses that are not compliant with PCI standards. PRICE ACTION: In late morning trading, Target shares are down 2%, or 98c, to $55.66.
News For TGT;V;MA;AXP From The Last 14 Days
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November 13, 2014
07:38 EDTVBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
07:24 EDTVSunTrust to hold a conference
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06:05 EDTVStocks with implied volatility below IV index mean; PCLN V
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05:36 EDTAXPAmerican Express initiated with a Hold at Deutsche Bank
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November 12, 2014
10:00 EDTVOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advent Software (ADVS) initiated with a Neutral at BofA/Merrill... Agios Pharmaceuticals (AGIO) initiated with a Buy at Canaccord... Ashford Hospitality (AHT) initiated with a Neutral at Credit Suisse... AvalonBay (AVB) initiated with a Neutral at Credit Suisse... Berkshire Hills Bancorp (BHLB) initiated with a Buy at Compass Point... Boston Properties (BXP) initiated with an Outperform at Credit Suisse... Brandywine Realty (BDN) initiated with a Neutral at Credit Suisse... Brookline Bancorp (BRKL) initiated with a Neutral at Compass Point... CNH Industrial (CNHI) initiated with an Underperform at Macquarie... Camden Property (CPT) initiated with a Neutral at Credit Suisse... Care.com (CRCM) initiated with a Buy at Craig-Hallum... Corporate Office Properties (OFC) initiated with an Underperform at Credit Suisse... DCT Industrial (DCT) initiated with an Underperform at Credit Suisse... DDR†Corp. (DDR) initiated with a Neutral at Credit Suisse... Demandware (DWRE) initiated with a Buy at Mizuho... DiamondRock (DRH) initiated with a Neutral at Credit Suisse... Douglas Emmett (DEI) initiated with a Neutral at Credit Suisse... EastGroup Properties (EGP) initiated with an Underperform at Credit Suisse... Equity One (EQY) initiated with a Neutral at Credit Suisse... Equity Residential (EQR) initiated with a Neutral at Credit Suisse... Essex Property Trust (ESS) initiated with a Neutral at Credit Suisse... Forest City (FCE.A) initiated with an Outperform at Credit Suisse... General Growth (GGP) initiated with a Neutral at Credit Suisse... Host Hotels (HST) initiated with a Neutral at Credit Suisse... Hudson Pacific (HPP) initiated with an Outperform at Credit Suisse... Kilroy Realty (KRC) initiated with an Underperform at Credit Suisse... Kimco Realty (KIM) initiated with an Outperform at Credit Suisse... LaSalle Hotel (LHO) initiated with an Outperform at Credit Suisse... Macerich (MAC) initiated with a Neutral at Credit Suisse... MasterCard (MA) initiated with a Hold at Topeka... NetApp (NTAP) initiated with a Buy at Maxim... Pebblebrook Hotel (PEB) initiated with an Outperform at Credit Suisse... Prologis (PLD) initiated with an Outperform at Credit Suisse... RLJ Lodging Trust (RLJ) initiated with an Outperform at Credit Suisse... Regency Centers (REG) initiated with a Neutral at Credit Suisse... Ryerson (RYI) initiated with a Buy at Deutsche Bank... SL Green Realty (SLG) initiated with an Underperform at Credit Suisse... Simon Property (SPG) initiated with an Outperform at Credit Suisse... Strategic Hotels (BEE) initiated with a Neutral at Credit Suisse... Sunstone Hotel (SHO) initiated with an Outperform at Credit Suisse... Taubman Centers (TCO) initiated with an Outperform at Credit Suisse... UDR, Inc. (UDR) initiated with a Neutral at Credit Suisse... VWR (VWR) initiated with a Neutral at Citigroup... VeriFone (PAY) initiated with a Buy at Topeka... Visa (V) initiated with a Hold at Topeka... Vornado (VNO) initiated with a Neutral at Credit Suisse... Westfield Financial (WFD) initiated with a Buy at Compass Point... XPO Logistics (XPO) initiated with an Outperform at Cowen.
08:07 EDTAXPMacy's, Citi Retail Services renew card agreement
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08:06 EDTVPacific Crest to hold a conference
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07:37 EDTTGTTarget shares overvalued, says MKM Partners
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07:28 EDTV, AXPBofA/Merrill to hold a conference
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05:58 EDTVStocks with implied volatility below IV index mean; PCLN V
Stocks with implied volatility below IV index mean; Priceline (PCLN) 20, Visa (V) 18 according to iVolatility.
November 11, 2014
16:24 EDTMAMasterCard initiated with a Hold at Topeka
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16:23 EDTVVisa initiated with a Hold at Topeka
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05:58 EDTVStocks with implied volatility below IV index mean; PCLN V
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November 10, 2014
15:54 EDTV, MAVisa, MasterCard could be hurt by new Canadian credit card rules, WSJ says
Canada is preparing to announce broad changes to its code of conduct for the credit- and debit-card industry, which could make it the first country to give merchants the right to reject mobile payments through Visa (V) and MasterCard (MA) even if the merchants accept their physical cards, said The Wall Street Journal, citing a draft copy of rules that could be announced this week. Reference Link
15:17 EDTAXP, VCFPB may require added disclosures on prepaid cards, WSJ says
The Consumer Financial Protection Bureau is expected to propose new rules later this week that will require more disclosure for prepaid debit cards and cracking down on allowing consumers to spend more money on the cards than they have, according to The Wall Street Journal, citing people familiar with the matter. The rules come as traditional financial institutions, such as JPMorgan (JPM) and American Express (AXP) have moved into the business and the industryís biggest players donít allow overdrafts so it is unclear whether the new rules will dent industry profits, the report said. Green Dot (GDOT) also does not permit overdrafts and Visa (V) recently excluded overdraft abilities in guidelines for its prepaid cards, the report added. Reference Link
15:07 EDTAXPRegulators may require added disclosures on prepaid cards, DJ says
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10:04 EDTTGTOn The Fly: Analyst Upgrade Summary
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08:08 EDTTGTTarget upgraded at Stifel
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07:12 EDTVCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
05:54 EDTTGTTarget upgraded to Buy from Hold at Stifel
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