United Continental Holdings Inc. ’s ( UAL ) Jan 2014 airline traffic – measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger – decreased 1.6% year over year to 15.23 billion. […]
Shares of F5 Networks Inc. ( FFIV ) hit a new 52-week high of $112.59 on Feb 11, eventually closing at $112.26. […]
General Motors Co. ( GM ) and its joint ventures in China recorded a 12% year-over-year increase in sales in the nation in Jan 2014, taking the figure to 348,061 vehicles. The improvement was mainly attributable to strong domestic sales at Shanghai GM and SAIC-GM-Wuling and record high performance by the Buick and Wuling brands […]
Zacks Investment Research downgraded shares of CVR REFINING LP (CVRR) from OUTPERFORM to NEUTRAL on February 12, 2014, with a target price of $25.30. CVR Refining, LP is engaged in the refining of petroleum primarily in the United States. […]
Zacks Investment Research downgraded shares of MEAD JOHNSON NU (MJN) from OUTPERFORM to NEUTRAL on February 12, 2014, with a target price of $86.80. Mead Johnson, a global leader in pediatric nutrition, develops, manufactures, markets and distributes more than 70 products in over 50 markets worldwide. The company's mission is to nourish the world’s children for the best start in life. […]
Zacks Investment Research downgraded shares of ENDESA-CHILE (EOC) from NEUTRAL to UNDERPERFORM on February 12, 2014, with a target price of $38.50. Empresa Nacional Electricidad SA, also known as Endesa, generates, distributes and sells electric energy in Chile. Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day […]
Zacks Investment Research downgraded shares of REXFORD IND RTY (REXR) from OUTPERFORM to NEUTRAL on February 12, 2014, with a target price of $14.40. Rexford Industrial Realty, Inc. […]
Zacks Investment Research upgraded shares of TETRA TECH DEL (TTI) from UNDERPERFORM to NEUTRAL on February 12, 2014, with a target price of $11.60. TETRA Technologies, Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets, as well as other markets […]
Zacks Investment Research upgraded shares of AMER AIRLINES (AAL) from NEUTRAL to OUTPERFORM on February 12, 2014, with a target price of $38.40. American Airlines Group Inc. […]
Zacks Investment Research upgraded shares of PHILLIPS 66 PTR (PSXP) from UNDERPERFORM to NEUTRAL on February 12, 2014, with a target price of $41.90. Phillips 66 Partners L.P is a downstream energy company. […]
Zacks Investment Research upgraded shares of CBIZ INC (CBZ) from NEUTRAL to OUTPERFORM on February 12, 2014, with a target price of $9.50. CBIZ, Inc. […]
[marketwatch E7813665-6B66-4122-B627-547A3D89360A] Scientists Announce Nuclear Fusion Breakthrough […]
On Feb 11, 2014, we upgraded our recommendation on Crown Castle International ( CCI ) to Outperform from Neutral. Why the Upgrade? […]
Beverage company, Dr Pepper Snapple Group , Inc. ( DPS ), recently entered into an agreement with Buffalo Wild Wings, Inc. […]
On Feb 11, 2014, Zacks Investment Research upgraded Akamai Technologies ( AKAM ) to a Zacks Rank #1 (Strong Buy). The upgrade came on the back of positive estimate revisions over the last 30 days. […]
Dr Pepper Snapple Group, Inc.’s ( DPS ) fourth-quarter 2013 adjusted earnings of 97 cents per share beat the Zacks Consensus Estimate of 85 cents by 14.1%. Moreover, earnings increased 18.3% year over year due to pricing gains, productivity improvements and a LIFO inventory benefit. However, sales continued to be soft due to weak volumes. […]
In order to return wealth to its shareholders, the board of directors of Shutterfly, Inc. ( SFLY ), a personalized products and service provider, authorized an increase of $100.0 million in its share repurchase program. The increase reflects the company’s confidence in its fundamentals and its strong liquidity position. […]
Construction spending increased by a mere 0.1% in December 2013, sharply lower than the 0.8% gain for the earlier month. This is significantly lower than the gains made last year and, at first glance, seems to suggest that activity in this sector seems to be slowing down. Engine of Employment The fact that construction is one of the most crucial sectors for the economy was borne out once again by this month’s employment report […]
Due to late tax legislation, budget and debt agreements, and the 17-day government shutdown, Intuit ( INTU ) has lowered its second-quarter 2014 guidance. The company now expects a tax-revenue shift to the third quarter. Intuit expects second-quarter revenues to range between $775 and $780 million (previous guidance $890–$910 million) […]
Shares of Cadence Pharmaceuticals ( CADX ) soared 26.5% after the company announced that Dublin-based specialty pharmaceutical company Mallinckrodt plc ( MNK ) is all set to acquire the former. Mallinckrodt entered into a definitive agreement with Cadence Pharma whereby the former will commence a tender offer to acquire all outstanding shares of the latter for $14.00 per share in cash or approximately $1.3 billion. The offer price of $14.00 per share represents a 32% premium to the trailing 30-trading-day volume weighted average price of $10.62 per share for Cadence Pharma […]
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