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The Coca-Cola Company Announces $2.0B of Senior Notes Offering
Wednesday, August 3, 2011 - 10:17am | 131The Coca-Cola Company (NYSE: KO) today announced that it intends to sell $1.0 billion aggregate principal amount of senior notes due 2016 and $1.0 billion aggregate principal amount of senior notes due 2021, subject to market and other conditions, in a private placement with institutions under Rule...
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Morgan Stanley Retains Equal-Weight Rating On Molson Coors Brewing
Wednesday, August 3, 2011 - 9:53am | 104According to Morgan Stanley, Molson Coors Brewing (NYSE: TAP) remains Equal Weight. Morgan Stanley said that it remains Equal-weight on TAP following weaker than expected Q2 results, as well as weak July STR trends, including a MSD (%) decline in Canada, a LSD (%) US decline, and a LSD (%) UK...
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Stifel Nicolaus Raises PT on Nu Skin Enterprises to $44
Wednesday, August 3, 2011 - 9:49am | 84Stifel Nicolaus is out with its report today on Nu Skin Enterprises (NYSE: NUS), raising its PT from $43 to $44. In its report, Stifel Nicolaus writes, "We lift our 2011 and 2012 EPS estimates to $2.47 (was $2.40) and $2.86 (was $2.79), respectively. We also increase our 12-month price target to $...
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UPDATE: Bank of America Downgrades Molson Coors Brewing from Neutral to Underperform
Wednesday, August 3, 2011 - 9:28am | 205Bank of America has published a report on Molson Coors Brewing (NYSE: TAP) lowering the rating from Neutral to Underperform. In the report, Bank of America wrote, "Many of the data points critical for healthy beer trends remain challenging in our view, including a lowered GPD outlook; weak beer...
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UPDATE: J.P. Morgan Raises PT on Nu Skin Enterprises to $48
Wednesday, August 3, 2011 - 9:10am | 124J.P. Morgan is out with its report today on Nu Skin Enterprises (NYSE: NUS), raising its PT from $37 to $48. In its report, J.P. Morgan writes, "We rate NUS Overweight. We think valuation is compelling with NUS currently trading at about 14.4x our revised FY12 estimate, which is below their five-...
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J.P. Morgan Maintains Neutral on Procter & Gamble
Wednesday, August 3, 2011 - 9:05am | 137J.P. Morgan is out with its report today on Procter & Gamble (NYSE: PG), maintaining Neutral. In its report, J.P. Morgan writes, "Procter is set to report FQ4 results on Friday, August 5. We think that FY12 guidance, which the company will issue for the first time, will be the major focal...
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Earnings Roundup
Wednesday, August 3, 2011 - 9:05am | 1603MasterCard Inc (NYSE: MA) reported a 33% rise in its second-quarter profit. MasterCard reported its quarterly profit at $608 million, or $4.76 per share, up from $458 million, or $3.49 per share, in the year-earlier period. However, analysts were expecting earnings of $4.22 per share. Its net...
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UPDATE: Clorox Reports Decline In FQ4 Profit
Wednesday, August 3, 2011 - 9:03am | 64Clorox Co (NYSE: CLX) posted a 1% drop in its FQ4 net income on Wednesday. Clorox reported its quarterly earnings at $169 million, or $1.26 per share, down from $171 million, or $1.20 per share, in the year-ago period. Its sales climbed 3.7% to $1.48 billion. However, analysts were expecting...
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Deutsche Bank Raises PT On NUS To $45
Wednesday, August 3, 2011 - 8:38am | 135Deutsche Bank has raised its price target from $43 to $45 on Nu Skin Enterprises (NYSE: NUS), citing the company's growth as the reason. In the report, Deutsche Bank writes, “Company is successfully lapping ageLOC launch in most regions, showing solid growth on growth ahead of Galvanic Spa Body...
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Benzinga's Top Pre-Market Losers
Wednesday, August 3, 2011 - 8:03am | 123Garmin Ltd (NASDAQ: GRMN) dipped 12.56% to $27.57 in the pre-market session. GRMN reported downbeat Q2 profit. Ford Motor Company (NYSE: F) lost 0.34% to $11.81 in the pre-market session. Ford shares have dropped 8.21% over the past 52 weeks, while the S&P 500 index has gained 11.92% in the...
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Walgreens July Sales Increase 4.7 Percent; Comp-Store Sales 2.7% vs 3.3% Est
Wednesday, August 3, 2011 - 8:01am | 153Walgreens (NYSE: WAG) (NASDAQ: WAG) had July sales of $5.82 billion, an increase of 4.7 percent from $5.56 billion for the same month in 2010. Total front-end sales increased 6.8 percent in July, while comparable store front-end sales increased 4.8 percent. Customer traffic in comparable stores...
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Bank of America Downgrades Molson Coors To Underperform
Wednesday, August 3, 2011 - 7:46am | 22Bank of America has downgraded Molson Coors Brewing (NYSE: TAP) from Neutral to Underperform.
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JP Morgan Raises PT on Nu Skin Enterprises To $48
Wednesday, August 3, 2011 - 7:45am | 28JP Morgan has raised the price target on Nu Skin Enterprises (NYSE: NUS) from $37 to $48 and maintains its Overweight rating.
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Hedge Fund Manager Barton Biggs: Buy Stocks Aggressively
Wednesday, August 3, 2011 - 7:25am | 65Says it's time to buy when people are panicking. His picks include Caterpillar (NYSE: CAT), Deere (NYSE: DE), Proctor & Gamble (NYSE: PG) and Coca-Cola (NYSE: KO). Biggs made those comments appearing on Bloomberg.
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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...