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Jefferies Downgrades VMED To Hold
Wednesday, August 3, 2011 - 8:58am | 118Jefferies, citing foreseen risks, is downgrading its rating on Virgin Media (NASDAQ: VMED) from Buy to Hold and is lowering its price target on the stock from $33.50 to $30. Says Jefferies, in its report, “Results last week reinforced the recent theme of VMED operating trends coming under pressure...
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Gabelli Has Buy On CBS
Wednesday, August 3, 2011 - 8:29am | 86Gabelli & Co. has a Buy rating on CBS Corporation (NYSE: CBS) after it reported earnings last night. In a note to clients, Gabelli & Co. writes, "Posted excellent results driven by blockbuster margins at its entertainment segment Amazon & Netflix international deals will contribute to...
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Bank of America Raises PO On CBS To $37
Wednesday, August 3, 2011 - 8:28am | 28Bank of America has raised the price objective on CBS Corporation (NYSE: CBS) from $31 to $37 and maintains its Buy rating.
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Goldman Sachs Raises PT on CBS To $29
Wednesday, August 3, 2011 - 8:21am | 27Goldman Sachs has raised the price target on CBS Corporation (NYSE: CBS) from $28 to $29 and maintains its Neutral rating.
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Wedbush Raises PT on CBS To $30
Wednesday, August 3, 2011 - 8:13am | 27Wedbush Securities has raised the price target on CBS Corporation (NYSE: CBS) from $27 to $30 and maintains its Neutral rating.
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Benchmark Raises PT on CBS To $33
Wednesday, August 3, 2011 - 8:08am | 28The Benchmark Company has raised the price target on CBS Corporation (NYSE: CBS) from $30 to $33 and maintains its Buy rating.
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News Summary for August 3, 2011
Wednesday, August 3, 2011 - 8:05am | 577This is your Benzinga news summary and traders' outlook for Wednesday, August 3, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set to rebound today after moving into negative territory for the year...
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Benzinga's Top Downgrades
Wednesday, August 3, 2011 - 7:58am | 127MetroPCS Communications Inc (NYSE: PCS) was downgraded by Robert W. Baird from "outperform" to "neutral." PCS' shares closed at $10.26 yesterday. PCS' trailing-twelve-month profit margin is 5.29%. Rodman & Renshaw downgraded Exact Sciences Corporation (NASDAQ: EXAS) from “market outperform” to...
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UPDATE: Piper Jaffray Raises PT on CBS to $34
Wednesday, August 3, 2011 - 7:56am | 128Piper Jaffray is out with its report today on CBS (NYSE: CBS), raising its PT from $32 to $34. In its report, Piper Jaffray writes, "CBS reported strong results, easing past our EPS estimates and consensus. The company reported Q2 revenues, OIBDA and EPS of $3.6B, $873M and $0.58 respectively,...
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UPDATE: Comcast Reports 15% Surge In Q2 Profit
Wednesday, August 3, 2011 - 7:36am | 77Comcast Corp (NASDAQ: CMCSA) reported a 15% rise in its second-quarter profit. Comcast reported its quarterly profit at $1.02 billion, or $0.37 per share, up from $884 million, or $0.31 per share, in the year-earlier period. The company's revenue jumped 51% y/y to $14.3 billion, from $9.53...
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A Peek Into The Market Before The Trading Starts
Wednesday, August 3, 2011 - 7:31am | 392Pre-open movers US stock futures are higher this morning, as investors are economic data and earnings from major companies. Futures for the Dow Jones Industrial Average surged 47 points to 11,851.00 and S&P 500 index futures rose 6.40 points to 1,253.70. Nasdaq 100 futures gained 10.00 points...
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Wunderlich Reiterates Buy and PT of $53 on Liberty Global
Wednesday, August 3, 2011 - 7:31am | 47Wunderlich reiterated its Buy rating on Liberty Global (NASDAQ: LBTYA). At the same time, the rating agency left its price target on the company's stock unchanged at $53. On Tuesday, LBTYA lost 3.2% of its value to finish the day at $40.19.
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Wunderlich Reiterates Hold and PT of $2 on Sirius XM Radio
Wednesday, August 3, 2011 - 7:29am | 60Wunderlich Securities reiterated its Hold rating on Sirius XM Radio (NASDAQ: SIRI). At the same time, the rating agency left its price target on the company's stock unchanged at $2. On Tuesday, SIRI lost 1.9% of its value to finish the day at $2.07. Its shares rebounded in today's pre-market...
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US Stock Futures Up; Economic Data, Earnings In Focus
Wednesday, August 3, 2011 - 6:53am | 495US stock futures are higher this morning, as investors are economic data and earnings from major companies. Futures for the Dow Jones Industrial Average surged 50 points to 11,854.00 and S&P 500 index futures rose 6.30 points to 1,253.60. Nasdaq 100 futures gained 9.00 points to 2,297.25. US...
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Global Traffic Network Agrees to be Acquired by an Affiliate of GTCR for $14/Share
Wednesday, August 3, 2011 - 6:52am | 229Global Traffic Network, Inc. (NASDAQ: GNET) today announced that it has entered into a definitive merger agreement to be acquired by an affiliate of GTCR, LLC. Under the terms of the agreement, Global stockholders will receive $14.00 in cash for each share of Global's common stock, which...