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UPDATE: Citi Lowering Price Target On The J.M. Smucker Company
Friday, August 19, 2011 - 7:39am | 170Citi Investment Research is out with a research report on The J.M. Smucker Company (NYSE: SJM) and is lowering its price target to $78 from $82, but is keeping its Hold rating on shares. In a note to clients, Citi Investment Research writes, "Smucker reported a strong 1Q with EPS of $1.12, a +3c...
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Jefferies Lowers PT On Estee Lauder To $107
Friday, August 19, 2011 - 6:54am | 27Jefferies & Company has lowered the price target on Estee Lauder (NYSE: EL) from $120 to $107 and maintains its Buy rating.
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Citigroup Lowers PT On JM Smucker To $78
Friday, August 19, 2011 - 6:18am | 28Citigroup has lowered the price target on The JM Smucker Company (NYSE: SJM) from $82 to $78 and maintains its Hold rating.
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Could This Be the Beginning of a Recession
Thursday, August 18, 2011 - 8:32pm | 859I can't remember how many times I have written that the U.S. is the largest debtor nation in the history of the world. Well yesterday I was reading a post from a reader who is an economics professor and he told me that I was correct. We are the largest debtor nation in the history of the world but...
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Winn-Dixie to Convert SaveRite Stores
Thursday, August 18, 2011 - 3:25pm | 127Winn-Dixie Stores, Inc. (NASDAQ: WINN), announced today it will convert all SaveRite-branded grocery stores to conventional Winn-Dixie-branded stores and discontinue the SaveRite banner. “Phasing out the SaveRite banner makes sense and supports Winn-Dixie's neighborhood marketing strategy. For...
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Notable Put Options Activity in Kroger
Thursday, August 18, 2011 - 1:55pm | 91Shares of The Kroger Co. (NYSE: KR) are lower on the session by 1.97%, currently trading at $22.92. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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Notable Put Options Activity in Dean Foods
Thursday, August 18, 2011 - 12:04pm | 118Shares of Dean Foods (NYSE: DF) are lower on the session by 3.91%, currently trading at $8.35. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the December...
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Money Doesn't Grow On Dollar Trees
Thursday, August 18, 2011 - 9:48am | 766With so much uncertainty in the U.S. economy, it is easy to see why there is tremendous interest in the dollar store space. Apparently though, money does not grow on trees, Dollar trees that is. Dollar Tree, Inc. (NASDAQ: DLTR) shares are getting rocked this morning, after the company came out...
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Reed's, Inc. Announces Expanded Distribution Into All Winn-Dixie Stores
Thursday, August 18, 2011 - 9:15am | 113Reed's, Inc. (NASDAQ: REED) announced today that it has gained expanded distribution in all Winn-Dixie supermarket locations in the southern region. Founded in 1925, Winn-Dixie Stores (NASDAQ: WINN) is headquartered in Jacksonville, Florida. The Company currently operates 484 stores in 21 DMAs...
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Earnings Roundup
Thursday, August 18, 2011 - 9:07am | 1563Tech Data Corp (NASDAQ: TECD) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts were...
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Zhongpin Announces Increase in Stock Repurchase Program of $30 million
Thursday, August 18, 2011 - 8:31am | 50Zhongpin Inc. (Nasdaq: HOGS) today announced that its board of directors has approved an increase in the stock repurchase program of 30 million of its outstanding stock over the next 12 months. The stock repurchase program is authorized to be in effect through August 17, 2012.
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News Summary for August 18, 2011
Thursday, August 18, 2011 - 7:46am | 685This is your Benzinga news summary and traders' outlook for Thursday, August 18, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. Morgan Stanley lowered its global growth targets for both 2011...
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UPDATE: Jefferies Lowers PT on Procter & Gamble to $69
Thursday, August 18, 2011 - 7:41am | 101Jefferies is out with its report today on Procter & Gamble (NYSE: PG), lowering its PT to $69 from $71. In its report, Jefferies writes, "We are lowering our PT and 2012E (Jun) EPS est. on near-term pressures, notably commodity inflation not fully offset by price increases. Mgt is targeting...
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A Peek Into The Market Before The Trading Starts
Thursday, August 18, 2011 - 7:31am | 347Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 183 points to 11,198.00 and S&P 500 index futures fell 23.10 points to 1,166.80. Nasdaq 100 futures dropped 44.75 points to 2,130.50. A Peek...
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UPDATE: Smucker Reports Upbeat FQ1 Profit
Thursday, August 18, 2011 - 7:29am | 89J.M. Smucker Co (NYSE: SJM) reported an 8.4% rise in its net income for the fiscal first-quarter. Smucker's quarterly earnings rose to $111.5 million, or $0.98 per share, from $102.9 million, or $0.86 per share, in the year-ago period. Its adjusted profit came in at $1.12 per share. Its revenue...