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Goldman Sachs Lowers Ctrip.com PT from $42 to $40
Tuesday, May 17, 2011 - 6:36am | 28Goldman Sachs is lowering its PT on Ctrip.com International Ltd. (NASDAQ: CTRP) from $42 to $40. Ctrip.com closed Monday at $46.36.
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BMC Increases PT on eLong to $20, Reiterates Buy (LONG)
Tuesday, May 17, 2011 - 6:28am | 61BMC increased its price target on eLong (NASDAQ: LONG) from $17 to $20. At the same time, it left its rating unchanged at Buy. eLong's shares are skyrocketing recently. On Monday, its shares added 12.77% to its value to close the day at $16.96. In today's pre-market trading they added an...
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BMC Reiterates Hold on Ctrip.com International (CTRP)
Tuesday, May 17, 2011 - 6:21am | 80BMC reiterated its Hold rating on Ctrip.com International (NASDAQ: CTRP). In a research report published today, BMC cited good Q! results as the reason for its decision. At the moment, BMV does not have a price target on Ctrip. On Monday, Ctrip lost 2.44% of its value to close the day at $46.36....
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Piper Jaffray Lowers PT On Ctrip.com To $49
Tuesday, May 17, 2011 - 5:07am | 27Piper Jaffray has lowered the price target on Ctrip.com (NASDAQ: CTRP) from $50 to $49 and maintains its Overweight rating.
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Bank of America Raises PO On Ctrip.com To $50.50
Tuesday, May 17, 2011 - 4:50am | 27Bank of America has raised the price objective on Ctrip.com (NASDAQ: CTRP) to $50.50 and maintains its Neutral rating.
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Brean Murray Raises PT On eLong To $20
Tuesday, May 17, 2011 - 4:45am | 28Brean Murray Carret & Co. has raised the price target on eLong (NASDAQ: LONG) from $17 to $20 and maintains its Buy rating.
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FOREX: British Pound Gains Ahead of CPI Release. Will it Last?
Tuesday, May 17, 2011 - 2:31am | 4843The British Pound advanced ahead of a report expected to show inflation accelerated in April, but will the result finally spur the Bank of England to raise interest rates? Overnight Headlines Australian Dollar Gains as RBA Minutes Take on Mildly Hawkish Posture Japanese Yen Broadly Sold as...
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FOREX: US Dollar: Dollar to See Volatility on Housing data, FOMC in Days Ahead
Monday, May 16, 2011 - 5:43pm | 4823The US Dollar started off the week on a softer note as euro and the Swissie advanced throughout the US session. Disappointing economic data released this morning showed Empire manufacturing slipping to 11.88, missing expectations for a read of 19.55. US Dollar: Dollar to See Volatility on...
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GBP/USD: Trading the U.K. Consumer Price Report
Monday, May 16, 2011 - 2:59pm | 2863The small rebound in the GBP/USD may gather pace over the next 24-hours of trading as the headline reading for U.K. inflation is forecasted to increase at an annualized rate of 4.1% in April, and the faster pace of price growth could lead the exchange rate to work its way back towards 1.6400 as...
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BGB Securities Lowers Gaylord Entertainment PT To $35
Monday, May 16, 2011 - 1:12pm | 103BGB Securities lowered its Gaylord Entertainment (NYSE: GET) price target from $40 to $35 and maintained its Gaylord Entertainment Hold rating in a research report published today. In the report, BGB Securities states, "We do not believe that GET shares are materially undervalued at current...
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Starwood Hotels & Resorts Worldwide Launches foursquare Extension to Loyalty Program
Monday, May 16, 2011 - 10:41am | 56Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today launched a new digital extension to their Starwood Preferred Guest loyalty program by tapping into location-based social networking. Starting today, guests can earn Starpoints and Free Resort Night Awards for foursquare activity at...
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Earnings Scheduled For May 16 (VOXX, JCP, ALN, LOW, STV, WINN, SORL, GLPW, CTRP, URBN, JST, ZOOM, DL, MNOV, DRJ, JADE, FMD, CTC, GLGL, CHGS, GOK, GSL)
Sunday, May 15, 2011 - 11:48pm | 581Audiovox Corporation (NASDAQ: VOXX) is estimated to post its FQ4 earnings at $0.02 per share. J.C. Penney Company Inc (NYSE: JCP) is projected to report its Q1 EPS at $0.25 on revenue of $3.95 billion. American Lorain Corporation (AMEX: ALN) is expected to report its Q1 EPS at $0.08 on revenue...
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FOREX: Trust in a Dollar Rally is Difficult to Muster without Wholesale Risk Aversion
Saturday, May 14, 2011 - 3:14am | 4902It was a contentious for the dollar to end the week. The currency's most liquid pairing – EURUSD – closed out the period with what seemed a critical bearish break that would seem to open the door to significant follow through on a quickly building trend. However, fundamental traders should have...
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FOREX: All Eyes on US Inflation Gauge as Currencies Track Risk Sentiment
Friday, May 13, 2011 - 12:25am | 4671Traders have turned their attention to the US CPI figures, with an uptick in inflation threatening to boost tightening fears and undermine a rebound in risky assets. Overnight Headlines Euro Consolidates Ahead of German, EZ Q1 GDP Reports Pound Sold as NIESR Forecasts UK Growth Slowdown...
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Benzinga's Top Downgrades (CSCO, MTN, CHH, GS)
Thursday, May 12, 2011 - 11:21am | 135Robert W. Baird downgraded Cisco Systems Inc (NASDAQ: CSCO) from “outperform” to “neutral.” CSCO's shares closed at $17.78 yesterday. Cisco's trailing-twelve-month ROA is 7.03%. Bank of America downgraded Vail Resorts (NYSE: MTN) from “buy” to “neutral.” MTN's stock closed at $48.07 yesterday....