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Benzinga's Top Downgrades
Thursday, July 7, 2011 - 8:22am | 125Analysts at Wunderlich Securities downgraded Energy Transfer Partners LP (NYSE: ETP) from “buy” to “hold.” ETP's stock closed at $48.64 yesterday. ETP's PEG ratio is 2.04. Analysts at Jefferies & Company downgraded SemiLEDs Corp (NASDAQ: LEDS) from “buy” to “hold.” SemiLEDs' shares closed at $...
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Bank of America Raises PO On McDonald's To $96
Thursday, July 7, 2011 - 7:48am | 27Bank of America has raised the price objective on McDonald (NYSE: MCD) from $85 to $96 and maintains its Buy rating.
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J.P. Morgan Updates Estimates On Tim Hortons
Thursday, July 7, 2011 - 7:39am | 88According to J.P. Morgan, Tim Hortons (NYSE: THI) remains Neutral. J.P. Morgan said that it is updating F11 and F12 estimates for Tim Hortons. “We maintain our Dec 11 price target of C$45 based on a 17x multiple on C12 EPS, within the longer term global QSR average of 16-17x. We continue to prefer...
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Piper Jaffray Maintains Neutral on McDonald's
Thursday, July 7, 2011 - 7:23am | 93Piper Jaffray is out with its report today on McDonald's (NYSE: MCD), maintaining Neutral. In a note to clients, Piper Jaffray writes, "We are encouraged by our proprietary June data but continue to look for consistency trends before becoming more constructive on shares of MCD. We are also...
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Goldman Sachs Downgrades SBUX, YUM
Thursday, July 7, 2011 - 6:11am | 43Goldman Sachs has downgraded the following companies: Starbucks (NASDAQ: SBUX) from Buy to Neutral, PT $44 Yum! Brands (NYSE: YUM) from Neutral to Sell, PT lowered from $59 to $51
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4 Momentum Stocks To Watch
Wednesday, July 6, 2011 - 5:06pm | 1402( click to enlarge ) Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) - Nice looking breakout with volume. The stock hit a high of $6.62 which is now resistance for Thrusday's follow through move. ( click to enlarge ) Hansen Medical, Inc. (NASDAQ:HNSN) has a bullish looking stock chart, price...
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Pilgrim's Pride: Will 2012 Be the Year of the Chicken?
Wednesday, July 6, 2011 - 12:21pm | 824By Justin Rohrlich After a major restructuring, one money manager believes the country's second-largest poultry producer is ready to run. As investors got spooked by the equity markets, many sought safety in commodities. The tremendous run-ups in everything from corn to gold has money manager...
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Coffee Holding Piping Hot Again
Wednesday, July 6, 2011 - 11:17am | 104Coffee Holding Co., Inc. (NASDAQ: JVA) shares are jumping again today, gaining nearly 9% on 700,000 shares. At last check, shares of the coffee company were trading at $20.23, a gain of $1.60 or 8.59%. Coffee Holding, along with other coffee stocks such as Green Mountain Coffee Roasters (...
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Good Times Restaurants Q3 Sales Results; June Same Store Sales Increased 5.1% From Prior Year
Wednesday, July 6, 2011 - 9:31am | 63Good Times Restaurants Inc. (NASDAQ: GTIM) today announced its eleventh consecutive month of same store sales increases with June sales increasing 5.1% from the prior year and that its same store sales for the third quarter of fiscal 2011 increased 6.1%. Year to date for the first nine months of...
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Credit Suisse Raises PT On Starbucks To $46
Wednesday, July 6, 2011 - 6:30am | 26Credit Suisse has raised the price target on Starbucks (NASDAQ: SBUX) from $44 to $46 and maintains its Outperform rating.
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Famous Dave's Announces Amendment and Extension of Credit Facility With Wells Fargo; Allows for $30M in Buybacks
Tuesday, July 5, 2011 - 4:02pm | 114Famous Dave's of America, Inc. (Nasdaq: DAVE) today announced that it has amended its existing credit facility with Wells Fargo Bank, NA, to extend its revolving line of credit for an additional five years, to modify the maturity on its term loan to be coterminous with the credit facility, and to...
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Coffee Stocks Are Percolating, But Are They Going To Brew Profits For You?
Tuesday, July 5, 2011 - 12:04pm | 418The market snapped out of its correction last week, with the three major indexes soaring around 5% each, and the coffee stocks were the group that was acting the strongest during the correction. Now that the correction appears to be over, these names are showing tremendous strength. With the...
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Wendy's/Arby's Group Completes Sale of Arby's to Roark Capital Group
Tuesday, July 5, 2011 - 8:36am | 80Wendy's/Arby's Group, Inc. (NYSE: WEN) today announced that it has completed the sale of Arby's Restaurant Group, Inc. on the terms previously announced to a buyer formed by Roark Capital Group, effective as of July 4, 2011. In connection with the transaction, the Company will change its...
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J.P. Morgan Adjusts Quarterly Estimates On Darden Restaurants
Tuesday, July 5, 2011 - 8:03am | 98According to J.P. Morgan, Darden Restaurants (NYSE: DRI) quarterly estimates are adjusted. J.P. Morgan said that, after listening to Darden's earnings call on Friday morning, it is even more confident that the company can at least achieve the bottom end of its newly guided 12-15% range for F12. “...
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3 High Momentum Stocks to Watch This Week
Monday, July 4, 2011 - 9:18pm | 3872Each week I publish stocks to watch for the upcoming week as potential momentum trades or longer-term investments. The stocks below all have a 50k minimum average daily share volume and traded at a 52-week high on strong volume, with a minimum of two times relative volume on Friday, July 1st. In...