Stock Analysts

Omnicare Unit Gets Accreditation but Shares Fall

Omnicare Inc. ( OCR ), a provider of comprehensive pharmaceutical services, announced that its Advanced Care Scripts (ACS), a division of Omnicare Specialty Care Group (SCG) was awarded Specialty Pharmacy Accreditation from URAC, a Washington, DC-based health care accrediting organization. However, following this announcement, shares dropped 0.6% till the last closing session […]

Stock Analysts

ANADIGICS to Power Samsung Tablets

Leading semiconductor manufacturer ANADIGICS, Inc. ( ANAD ) recently disclosed that its AWL9293 and AWL9581 802.11ac front-end integrated circuits (FEICs) have been selected by Samsung Electronics Co. Ltd.’ s ( SSNLF ) latest GALAXY Tab Pro tablets for enabling WiFi connectivity […]

Stock Analysts

Corning Hits 52-Week High

Shares of Corning Inc. ( GLW ) achieved a new 52-week high, touching $20.75 on Mar 27. The stock closed the session at $20.46, reflecting a solid return of nearly 54% over the past one year. […]

Stock Analysts

Updated Research Report on Toll Brothers

On Mar 27, 2014, we issued an updated research report on Toll Brothers Inc. ( TOL ). On Feb 25, this luxury homebuilding company reported mixed fiscal first-quarter 2014 results wherein earnings beat the Zacks Consensus Estimate by 39% but revenues missed the same by 3.8%. […]

Downgrades

Synovus Financial Corporation (SNV) Downgraded by Zacks to NEUTRAL

Zacks Investment Research downgraded shares of Synovus Financial Corporation (SNV) from OUTPERFORM to NEUTRAL on March 28, 2014, with a target price of $3.50. We have downgraded our long-term recommendation on Synovus to Neutral based on a slump in its top-line in fourth-quarter 2013. Moreover, earnings were in line with the Zacks Consensus Estimate […]

Stock Analysts

GE, CTSI to Build Cancer Network in India

GE Healthcare, a unit of General Electric Company ( GE ), recently formed a strategic partnership with Cancer Treatment Services International (CTSI) to launch a chain of 25 cancer care centres in India. Over a period of five years, the two companies will jointly invest $120 million to set up these centres. […]

Stock Analysts

Balanced View on Fossil Group

On Mar 24, 2014, we issued an updated research report on Fossil Group Inc ( FOSL ). This global consumer fashion accessories maker and distributor recently reported mixed fourth-quarter 2013 results on Feb 12. Fossil reported fourth quarter 2013 earnings of $2.68 per share, which beat the Zacks Consensus Estimate by 8.9%. […]

Stock Analysts

Balanced View on Kimco

On Mar 27, 2014, we issued an updated research report on the retail real estate investment trust (REIT) – Kimco Realty Corporation ( KIM ). On Feb 5, Kimco reported fourth-quarter 2013 adjusted FFO per share of 33 cents, in line with the Zacks Consensus Estimate and the year-ago quarter figure. The flat results were primarily due to the shedding of the American Industries industrial portfolio investments and divestiture of the InTown Suites extended stay portfolio in 2013. […]

FDA Approval

Abbott Announces FDA Approval of Its Supera Stent to Treat People with Peripheral Artery Disease

Abbott Announces FDA Approval of Its Supera Stent to Treat People with Peripheral Artery Disease Supera Stent Addresses Growing Need in the U.S. to Treat People with Blocked Blood Vessels and Restore Blood Flow in the Upper Leg PR Newswire ABBOTT PARK, Ill., March 28, 2014 ABBOTT PARK, Ill., March 28, 2014 /PRNewswire/ — Abbott today announced that its Supera Peripheral Stent System has received U.S. […]

Mergers & Acquisitions

AMG Global Acquires Certain Business Portfolio From Metropolitan Distributors

AMG Global Acquires Certain Business Portfolio From Metropolitan Distributors AMG Global adds additional products and retail programs to its diverse consumer products portfolio PR Newswire NEW YORK, March 28, 2014 NEW YORK , March 28, 2014 /PRNewswire/ — Announced today, Friday, March 28, 2014 , AMG Global, a division of NY based Enchante Accessories, Inc., one of the leaders in manufacturing and distributing consumer and professional bath and kitchen hardline and softline products has acquired certain business portfolio assets of Metropolitan Distributors – a fast growing sales, marketing, product development, logistics and in-store services firm based in San Juan , PR. This transaction was completed as a selective business portfolio purchase which includes the products and sales programs of many leading retailers, including The Home Depot. These acquired programs will be completely merged within the operating infrastructure of AMG Global. […]

Mergers & Acquisitions

Loblaw Companies Limited Completes Acquisition of Shoppers Drug Mart Corporation

Loblaw Companies Limited Completes Acquisition of Shoppers Drug Mart Corporation Canada NewsWire BRAMPTON, ON, March 28, 2014 Acquisition strengthens Loblaw and Shoppers Drug Mart in competitive marketplace. Will deliver more choice, value and convenience to help Canadians Live Life Well Complementary offerings of Canada’s #1 food retailer and Canada’s #1 pharmacy and beauty retailer Convenient retail locations and unmatched store formats to reach more Canadians where they live and work Canada’s leading private label brands BRAMPTON, ON , March 28, 2014 /CNW/ – Loblaw Companies Limited (TSX: L) (“Loblaw”) today announced that it has completed its acquisition of Shoppers Drug Mart Corporation (“Shoppers Drug Mart”), which is now a unique and separate operating division of Loblaw. “The most successful partnerships are grounded in strengths that complement each other,” said Galen G […]

Stock Analysts

Balanced View on Macerich

On Mar 27, 2014, we issued an updated research report on retail real estate investment trust (REIT), The Macerich Company ( MAC ). On Feb 4, Macerich kept its winning streak alive by reporting impressive fourth-quarter results. […]