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Oppenheimer Removes Gymboree's Rating Following Bain Capital Acquisition
Tuesday, October 12, 2010 - 8:32am | 118Following the announcement that Bain Capital would acquire Gymboree Corporation (NASDAQ: GYMB) in an all-cash deal, Oppenheimer & Co. Inc. has decided to remove its rating for Gymboree. “We are moving to Not Rated from Outperform and removing our $52 price target,” Oppenheimer writes. “GYMB...
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Raymond James Opens CHS With Market Perform
Tuesday, October 12, 2010 - 6:05am | 44Analysts at Raymond James initiate coverage of Chico's FAS Inc (NYSE: CHS) with a "market perform" rating. CHS' shares rose 2.63% to close at $10.94 yesterday. More Analyst Ratings here
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Top 4 Stocks In The Department Stores Industry With The Highest EPS Estimates (KSS, TJX, SHLD, M)
Tuesday, October 12, 2010 - 4:10am | 154Below are the top department store stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Kohl's Corporation (NYSE: KSS) for the next year ending January, 2012 is $4.21 per share. KSS' PEG ratio is 1.13. TJX Companies Inc (NYSE: TJX) is expected...
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LIDS Sports Completes Sports Avenue Acquisition (GCO)
Monday, October 11, 2010 - 5:00pm | 77Genesco Inc. (NYSE: GCO) announced that its Hat World subsidiary, which operates the LIDS Sports business, has completed its previously announced acquisition of the assets of Sports Avenue and related entities. Sports Avenue operates 48 retail stores across the United States and 12 ecommerce...
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Benzinga's Volume Movers (HRBN, GYMB, ACLI, WCRX)
Monday, October 11, 2010 - 11:50am | 206Harbin Electric Inc (NASDAQ: HRBN) shares jumped 18.34% to $23.62 at 11:38 am. The volume of HRBN shares traded was 2989% higher than normal. HRBN has received a proposal letter from its Chairman and CEO Tianfu Yang and Baring Private Equity Asia Group Ltd to acquire all the outstanding shares of...
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Buy Rating Reiterated For The Gap
Monday, October 11, 2010 - 11:36am | 28Caris & Company has raised the price target for The Gap Inc. (NYSE: GPS) from $27 to $30 and reiterates its Buy rating.
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NASDAQ Stocks Hitting 52-Week Highs (BEXP, CMRG, FNSR, SOFO)
Monday, October 11, 2010 - 11:35am | 159Brigham Exploration Company (NASDAQ: BEXP) shares rose 0.61% to create a new 52-week high of $21.37. Analysts at MKM Partners initiated coverage of BEXP with a “buy” rating. Casual Male Retail Group Inc (NASDAQ: CMRG) shares gained 3.41% to touch a new 52-week high of $4.55. CMRG's quarterly...
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Jefferies Is Bullish On American Eagle (AEO)
Monday, October 11, 2010 - 11:24am | 105Analysts at Jefferies released a research report this morning on American Eagle Outfitters (NYSE: AEO). They wrote, "After showing progress with Q2 results, we expect the stock to work its way higher due to the end of negative EPS revisions and a solid back-to-school season. Upside/Downside...
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Abercrombie & Fitch Upgraded To Buy
Monday, October 11, 2010 - 10:49am | 23Argus has upgraded Abercrombie & Fitch (NYSE: ANF) from Hold to Buy with a $52 price target.
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Duke Energy Completes Wyoming Wind Farm
Monday, October 11, 2010 - 10:08am | 81Duke Energy's (NYSE: DUK) Top of the World Windpower Project near Casper, Wyo., is now on line and producing clean, renewable electricity. The 200-megawatt (MW) wind farm, located in Converse County, supplies wind energy to PacifiCorp under the terms of a 20-year power purchase agreement. The 110...
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News Summary
Monday, October 11, 2010 - 9:57am | 158Private-equity firm Bain Capital Partners LLC has agreed to purchase Gymboree Corp (NASDAQ: GYMB) for $1.8 billion or $65.40 per share, representing a 24% premium to Gymboree's closing price on Friday. Shares of Gymboree surged about 31% following the news. Energy stocks moved up slightly driven by...
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Benzinga's Top Upgrades (EMC, BLK, ANF, ACLI)
Monday, October 11, 2010 - 9:30am | 156EMC Corporation (NYSE: EMC) was upgraded by Deutsche Bank from “hold” to "buy." EMC's shares closed at $19.87 on Friday. Shares of EMC Corporation have gained 13.74% year-to-date. Deutsche Bank upgraded BlackRock Inc (NYSE: BLK) from "hold” to "buy.” BLK's shares closed at $174.50 on Friday....
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The Gymboree Corporation to Be Acquired By Bain Capital at $65.40 per Share
Monday, October 11, 2010 - 9:25am | 116The Gymboree Corporation (Nasdaq: GYMB) and Bain Capital Partners, LLC today announced that they have entered into a definitive agreement under which affiliates of Bain Capital will acquire all the outstanding stock of Gymboree for $65.40 per share, or $1.8 billion. Under the terms of the agreement...
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Disparity in Wage and Employment Data Continues To Favor High-End Retailers, Piper Jaffray Reports
Monday, October 11, 2010 - 8:40am | 181Piper Jaffray says that it is increasingly confident in its thesis that high-end retailers will outperform those catering to a moderate-income customer. “Based on our proprietary analysis, wages for highest quintile increased 4.0% y/y in September –representing an acceleration of 20 bps from...
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25 Possibly Perfect Stocks
Saturday, October 9, 2010 - 6:46pm | 438How would you define the perfect stocks? I know how I would define them. First of all, the companies would have no debt. Without debt, it is hard for a company to go out of business, unless it has a very high burn rate. Second, the companies should have a lot of cash, so if business gets tough,...