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FE Joins PJM, Sells Michigan Plant - Analyst Blog
Monday, December 21, 2009 - 1:38pm | 372FirstEnergy Corporation (FE), through its subsidiary American Transmission Systems, Inc., entered into an agreement to join PJM Interconnection LLC (PJM). The Federal Energy Regulatory Commission (FERC) approved the integration last week. Currently, the company’s transmission assets located...
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Benzinga’s Top Downgrades (AIRV, BCSI, GPS, NOK, JAV)
Monday, December 21, 2009 - 10:24am | 240Airvana, Inc. (NASDAQ: AIRV) has declined by 0.66% to $7.54 in the pre-market session after Needham downgraded Airvana to Hold from Buy. The 52-week trading range for AIRV is $4.34 - $7.59. In the previous trading session, AIRV closed at $7.59. So far in 2009, AIRV gained 24%. Blue Coat Systems,...
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Lower 4Q Estimates For J. Crew (JCG)
Friday, December 18, 2009 - 4:43pm | 121Barclays Capital (NYSE: BCS) has lowered its 4Q estimates for apparel company J. Crew (NYSE: JCG) as there is less room for upside in 4Q09. The estimate has been lowered to $0.40 compared to a consensus of $0.48. Analyst Jeff Black is not very optimistic about J. Crew’s gross margin performance....
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Judgement Day For Retailers, Super Saturday Beckons! (WMT, TGT, URB, SHLD, AMZN, ANF)
Friday, December 18, 2009 - 1:59pm | 245After a better than expected Black Friday, retailers in the United States hope for an encore this Sunday, which happens to be a week before Christmas. Reuters reports that the general prediction is that bargain hunters will flood retail outlets and hopefully deliver retailers their best sales week...
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Turnaround In Gap Brand May Not Result in Impressive Topline Trends
Friday, December 18, 2009 - 1:26pm | 46Analysts at Pali Capital initiated coverage of Gap (NYSE: GPS) with a “neutral” rating. Pali Capital does not expect the turnaround in the Gap brand to generate substantial topline trends. GPS’ shares gained 0.59% in the after-hour trading to $21.40.
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CFO Retirement Neutralizes Urban (URBN) Outlook
Friday, December 18, 2009 - 10:32am | 121The analysts at Piper Jaffray are maintaining a Neutral rating on Urban Outfitters (NASDAQ: URBN) since the outperformance of the Anthropologie division is being offset by more challenging trends in the core Urban Outfitters division. Moreover, the retirement announcement of the CFO, John Kyees,...
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Foot Locker One Of The Favorite Ideas For 2010
Thursday, December 17, 2009 - 3:26pm | 96Analyst John Zolidis of Buckingham Research has picked Foot Locker Inc (NYSE: FL) as one of the favorite footwear retailers to do well in 2010. According to the analyst, the new CEO of Foot Locker can improve the merchandising and take other actions that will improve the shareholder value. The...
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Long Term Optimism On Children’s Place (PLCE)
Thursday, December 17, 2009 - 2:06pm | 138Analyst Linda Tsai of MKM Partners is optimistic about Children’s Place Retail’s (NASDAQ: PLCE)(FREE stock trend analysis) new CEO, Jane Elfers, as she has the background and the experience to stabilize the business. However, the near-term scenario is not so rosy for Children’s Place, given that...
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FPSC Approves TECO's Contract - Analyst Blog
Wednesday, December 16, 2009 - 3:54pm | 328Tampa Electric Co., a subsidiary of TECO Energy Inc. (TE) received an approval for its contract to purchase solar power supplied by Energy 5.0’s Florida Solar I project, for a 25-year period beginning in 2011. Florida Public Service Commission (FPSC) approved the contract. Under the contract,...
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Overweight Rating For American Eagle Outfitters (AEO)
Monday, December 14, 2009 - 8:06am | 75Piper Jaffray has given an Overweight rating for American Eagle Outfitters (NYSE: AEO) with a price target of $22. The stock is trading at $16.22 and Piper Jaffray noted that American Eagle is a top pick in the teen retail segment and expects multiple expansion to accompany fundamental...
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S&P 500 To Add Five New Names
Saturday, December 12, 2009 - 9:42pm | 144The S&P 500 Index will add five new memberts to its roster on December 18 while saying good-bye to another five. New additions include minerals firm Cliffs Natural Resources (NYSE: CLF), baby formula maker Mead Johnson Nutrition (NYSE: MJN), discount retailer Ross Stores (Nasdaq: ROST),...
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Stocks Flying Under the Radar (12/12/09)
Saturday, December 12, 2009 - 5:01pm | 195Here's a new stock screen for all of you to munch on this weekend - I'm basically looking for stocks that have a book value per share that is more than its price per share (i.e. less than "1"). Also, I wanted only those stocks that are showing in increase in interest from the institutions (i.e....
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Benzinga’s Top Gainers (SNSS, CBK, AA, NCR, ERJ)
Friday, December 11, 2009 - 11:50am | 259Sunesis Pharmaceuticals, Inc. (NASDAQ: SNSS)(FREE stock trend analysis) has soared 37.41% to $1.91 on 12.26 million shares. In the last 5 trading sessions, SNSS has gained over350%. Christopher & Banks Corporation (NYSE: CBK)(FREE stock trend analysis) has jumped 27.41% to $7.67 after...
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Zacks Analyst Blog Highlights: General Electric Company, Edison International, United Technologies Corporation, Siemens AG and Progressive Corporation - Press Releases
Friday, December 11, 2009 - 9:23am | 1213For Immediate Release Chicago, IL – December 11, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include:...
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GE Wins $1.4B Wind Turbine Deal - Analyst Blog
Thursday, December 10, 2009 - 4:31pm | 531General Electric Company (GE) announced that it has received a $1.4 billion contract from independent power producer Caithness Energy to supply wind turbines and provide services for an 845-megawatt (MW) wind farm project to be located in Oregon. The wind farm, called Shepherds Flat, has received...