Zacks Investment Research downgraded shares of GIGAMON INC (GIMO) from OUTPERFORM to NEUTRAL on December 24, 2014, with a target price of $19.50. Gigamon Inc. is engaged in providing intelligent Traffic Visibility solutions for enterprises, data centers and service providers. […]
Zacks Investment Research downgraded shares of LOGMEIN INC (LOGM) from OUTPERFORM to NEUTRAL on December 24, 2014, with a target price of $55.40. LogMeIn Inc., with world headquarters located near Boston in Woburn, Massachusetts, is a leading provider of on-demand, remote-connectivity and support solutions to small businesses, IT service providers and consumers. The company also has its European headquarters in Amsterdam, the Netherlands, and a development center in Budapest, Hungary […]
[marketwatch 7DAFA3CD-FD0B-4992-8228-F04311FD4BD4] U.S. Stocks Edge Higher in Pre-Holiday Session […]
Zacks Investment Research upgraded shares of MICREL INC (MCRL) from UNDERPERFORM to NEUTRAL on December 24, 2014, with a target price of $14.40. Micrel Inc., is a leading global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. The Company's products include advanced mixed-signal, analog and power semiconductors high performance communication, clock management, Ethernet switch and physical layer transceiver ICs […]
Zacks Investment Research upgraded shares of SURGICAL CARE (SCAI) from NEUTRAL to OUTPERFORM on December 24, 2014, with a target price of $33.70. Surgical Care Affiliates Inc. operates surgical facilities, including surgery centers, surgical hospitals, and hospital surgery departments. […]
[marketwatch 3F874158-7420-4C2A-A975-7387125DDD14] Sony Puts ‘The Interview’ Movie Online […]
[marketwatch 7BFD8C41-916A-47FB-BDEE-B249EEA7A58F] Holiday Shopping Season’s End: a Strong Finish? […]
On Dec 18, 2014, we issued an updated research report on ICICI Bank Ltd. ( IBN ). […]
The third and final data for real gross domestic product (GDP) is out and affirms that not only is the U.S. economy firmly on its recovery path, but that it also has enough steam to carry the momentum into 2015. And this pace will be sustained in spite of the sub-par outlook on its trading partners in Europe, Japan and China. […]
Thermon Group Holdings, Inc. ( THR ) recently agreed to acquire certain assets of Unitemp cc for an undisclosed amount. The transaction, expected to complement the company’s existing line of businesses, has sent the share price up by 4.9% since Dec 22 […]
Keurig Green Mountain Inc. ’s ( GMCR ) shares dipped 2.3% on Dec 23, 2014, after it announced the recall of approximately 7 million MINI Plus Brewing System units on grounds of complaints regarding the product on the same day. Keurig Green Mountain received almost 200 reports across the U.S […]
Shares of Hertz Global Holdings, Inc. ( HTZ ) rose 8.2% on the index as the company announced price hikes for all Hertz, Dollar and Thrifty car rentals over the last weekend. The price rise will be applicable to the cars which have been booked for pick-up on or post Jan 1, 2015 […]
The proposed spin-off of Urban Edge Properties (“UE”), a subsidiary of Vornado Realty Trust ( VNO ), has moved a step ahead. The Board of Trustees of Vornado, the New York-based Equity Real Estate Investment Trust (“REIT”), has approved the spin-off of UE. […]
2014 turned out to be a mixed year for the auto sector with equal measures of positive and negative developments. Global auto sales surged significantly during the year, buoyed by strong sales in the U.S. and China and launch of several new and revamped vehicles […]
On Dec 23, 2014, Zacks Investment Research upgraded Leggett & Platt Inc. ( LEG ), the manufacturer of diversified engineered products, to a Zacks Rank #1 (Strong Buy). Why the Upgrade? […]
The continued recovery in the global economy is leading to a gradual strengthening of the technology sector, with further improvement expected in 2015. Other drivers included the increasing penetration of semiconductor devices into new applications, the proliferation of mobile devices, the growing importance of Internet services and cloud computing coming of age. The first half of 2014 saw mainstream adoption of cloud computing by enterprises […]
Premium diversified machinery manufacturer Middleby Corporation ( MIDD ) kept its inorganic growth alive by acquiring famous Australian firm Goldstein Eswood for an undisclosed amount. The deal comes in the wake of Middleby’s global growth strategy. By including leading brands such as Eswood and Goldstein, the company expects to expand its operations in the advanced industrial markets of New Zealand and Australia. […]
Zacks Investment Research downgraded shares of Abercrombie & Fitch Company (ANF) from NEUTRAL to UNDERPERFORM on December 24, 2014, with a target price of $26.00. We are downgrading our recommendation on Abercrombie & Fitch to Underperform based on its dismal third-quarter fiscal 2014 performance, wherein both the top and bottom lines fell year over year. The company's sales declined due to soft store traffic, particularly in Europe, and continued weakness in its Hollister brand. […]
Wednesday, December 24, 2014 Stocks are on track to continue the 5-day winning streak into today’s abbreviated trading session. The post-Fed meeting rally has pushed the major indexes into milestone territory, with the Dow Jones index adding more than 900 points in 5 days. This morning’s positive Initial Jobless Claims reading should help sustain the positive sentiment, though volumes will be thin ahead of the holiday […]
Stocks are on track to continue the 5-day winning streak into today’s abbreviated trading session as well. The post Fed meeting rally has pushed the major indexes into milestone territory, with the Dow Jones index adding more than 900 points in 5 days. […]
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