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Benzinga’s Top Upgrades (LTD, BPFH, CBT, KGC, BBT, FITB, CLWR)
Tuesday, December 1, 2009 - 10:47am | 325Limited Brands, Inc. (NYSE: LTD) was today upgraded by Soleil Securities from Sell to Hold at a price target of $15.50. LTD is now trading at $17.43, 4.52% up in the morning trading hours. In the last trading session, LTD closed at $16.59. Boston Private Financial Holdings Inc (NASDAQ: BPFH)...
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Company News for December 01, 2009 - Corporate Summary
Tuesday, December 1, 2009 - 9:56am | 255• General Electric (NYSE:GE) agreed with Vivendi to acquire the latter’s 20% NBC stake for $5.8 billion, down from Vivendi's previous valuation of $6.1 billion • After yesterday's close, Guess (NYSE:GES) announced third quarter earnings of 69 cents a share, up from 67 cents a year ago, and better...
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Karen Finerman Is Bearish On Abercrombie & Fitch (ANF)
Monday, November 30, 2009 - 7:31pm | 81FBR analyst Adrienne Tennant upgraded Abercrombie & Fitch (NYSE: ANF) from "Market Perform" to "Outperform" and raised its price target to $46 from $39. She said that Abercrombie's (ANF) marketing efforts payed off as customers responded. Karen Finerman does not agree with her and says that...
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November Comps for Specialty Retail and Department Stores to Decline by 4.5%
Monday, November 30, 2009 - 3:52pm | 173Analysts at Bank of America Merrill Lynch forecast a 4.5% decline in its November comps for specialty retail and department stores, as compared to a 12.0% fall a year ago. Analysts expect retailers to continue to see signs of stabilization in November. While crowds thronged the retail stores on...
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TD Ameritrade Likes TIF, Dislikes ANF
Friday, November 27, 2009 - 5:54pm | 84JJ Kinahan of TD Ameritrade thinks that Tiffany & Co. (NYSE: TIF) will have a good season because people that have the money will spend it. Tiffany (TIF) dropped 1.55% on Friday and closed at $43.21. Abercrombie & Fitch (NYSE: ANF) is a stock that worries JJ Kinahan. He believes that...
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Benzinga’s Biggest Losers (CWTR, DRAM, CONN, BNHN, SQNM, ZQK)
Wednesday, November 25, 2009 - 1:00pm | 226Coldwater Creek Inc. (NASDAQ: CWTR)plunged 15.51% to $4.52 huge volume of 2.99 million shares after CWTR reported its third quarter net loss of $33.9 million against $1.3 million loss from the same quarter last year. CWTR’s net sales for the third quarter stood at $266.6 million from $228.4 million...
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Benzinga's Retail Roundup (TIF, JCG, LTD, GES, CONN)
Wednesday, November 25, 2009 - 12:25pm | 234Today, most of the retail stocks are trading up largely supported by strong earnings reported by Tiffany & Co. and J. Crew. Tiffany & Co. (NYSE: TIF) rose 45 to $43.49 after reported a larger-than-expected quarterly profit as the upscale jeweler contained costs and benefited from stronger...
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JCG to Post Over 20% EPS Growth Through 2011
Wednesday, November 25, 2009 - 11:22am | 124Analyst Kimberly Greenberger of Citi reiterated her “buy” rating for J Crew Group Inc (NYSE: JCG), while raising her estimates for the company. The target price has been raised from $46 to $49. JCG reported Q3 EPS at $0.67, beating the estimates, the consensus and the guidance. Higher-than-expected...
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J. Crew Group’s Future Looks Bright
Wednesday, November 25, 2009 - 10:44am | 178J. Crew Group, Inc. (NYSE: JCG) was today given a Buy rating by Jesup & Lamont at a price target of $56 after JCG posted better than expected EPS of $0.67, beating Jesup’s EPS estimation of $0.59. Jesup also believe that J. Crew’s irresistible new products along with impeccable execution...
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Company News for November 25, 2009 - Corporate Summary
Wednesday, November 25, 2009 - 10:24am | 254• J Crew Group (NYSE:JCG) wowed investors with sharply better-than-expected third quarter earnings of 67 cents a share, versus 30 cents a year ago, and ahead of Zacks estimates of 58 cents a share. Revenues of $414.1 million exceeded last year's $363.1 million and beat projections of $406.6...
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Benzinga’s Top Pre- Market Losers (DE, DRAM, RMBS, CWTR, AONE, CONN, SCMR, HSII)
Wednesday, November 25, 2009 - 10:09am | 318Deere & Company (NYSE: DE) decreased $0.77 or 1.47% to $51.52 in the pre-market session after Deere reported a fourth quarter loss of $222.8 million or $0.53 per share against a profit of $345 million or $0.81 a share from the same quarter last year. Dataram Corporation (NASDAQ: DRAM) tumbled...
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CX Completes EURUS Construction - Analyst Blog
Tuesday, November 24, 2009 - 2:28pm | 364CEMEX, S.A.B. de C.V. (CX) announced the installation of the 167 wind turbines in the EURUS wind farm, which was completed on Nov 15, 2009 in Juchitan, Oaxaca, Mexico. EURUS has a capacity of 1.5 megawatts (MW) each built with ACCIONA Windpower technology. The wind farm represents an investment of...
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FirstEnergy to Develop Norton - Analyst Blog
Tuesday, November 24, 2009 - 11:40am | 395FirstEnergy Generation Corp., a subsidiary of FirstEnergy Corporation (FE), has acquired the rights to develop the Norton Energy Storage Project - compressed air energy storage (CAES) facility in Norton, Ohio - from CAES Development Company, LLC. The transaction includes rights to a 600-acre...
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Benzinga’s News Update (WIN, SIG, MDT, AEO, DLTR, BGP, C)
Tuesday, November 24, 2009 - 10:44am | 466Windstream Corporation (NYSE: WIN) is currently trading at $10.07, down 0.59% on 87K shares after Windstream announced that it will buy lowa Telecommunications Services Inc. for $1.1 billion. As per the agreement, Windstream will issue 0.804 shares and $7.09 in cash for each share of Iowa...
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Benzinga’s Earnings Roundup (WMG, VIP, HNZ, DSW, MDT)
Tuesday, November 24, 2009 - 8:59am | 338Warner Music Group Corp. (NYSE: WMG) swung to a fiscal fourth-quarter loss of $18 million, or 12 cents a share, while revenue rose 1% to $861 million. The quarter included 9 cents a share worth of severance costs. Analysts polled by FactSet had forecast a profit of 4 cents a share. On Monday, WMG...