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Citi Reiterates Hold and PT of $9 on Supervalu
Tuesday, August 2, 2011 - 9:04am | 41Citi reiterated its Hold rating on Supervalu (NYSE: SVU). At the same time, the rating agency left its price target on the company's stock unchanged at $9. On Monday, SVU closed the day at $8.35.
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JP Morgan Reiterates Neutral and PT of $13 on Dean Foods
Tuesday, August 2, 2011 - 8:53am | 43JP Morgan reiterated its Neutral rating on Dean Foods (NYSE: DF). At the same time, the rating agency left its price target on the company's stock unchanged at $13. On Monday, DF closed the day at $10.83.
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Jefferies Maintains Buy on Winn-Dixie Stores
Tuesday, August 2, 2011 - 8:47am | 83Jefferies is out with its report today on Winn-Dixie Stores (NASDAQ: WINN), maintaining Buy. In its report, Jefferies writes, "Winn-Dixie posted better-than-expected 4Q11 sales, suggesting building top-line momentum as our research has indicated steadily improving trends and signs of better...
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Jefferies Looks For Acceleration On Avon
Tuesday, August 2, 2011 - 8:37am | 82According to Jefferies, Avon Products (NYSE: AVP) looks for acceleration in the 2H. Jefferies said that it is leaving its EPS estimates unchanged, as Avon reported what was largely an in-line Q2. “While management generally delivered on its stated 1H plans of +LSD local currency sales growth and...
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Jefferies Maintains Buy Rating On Central European Distr.
Tuesday, August 2, 2011 - 8:24am | 91According to Jefferies, Central European Distr. (NASDAQ: CEDC) Buy rating is maintained. Jefferies said that despite expectations of a weak Q2, it should see the company flush out the last in a litany of negative newsflow, with industry re-stocking in Russia set to drive substantial H2 volume,...
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UPDATE: Molson Coors Reports Downbeat Q2 Profit
Tuesday, August 2, 2011 - 8:14am | 89Molson Coors Brewing Co (NYSE: TAP) reported downbeat second-quarter profit. Molson Coors reported its quarterly profit at $222.8 million, or $1.19 per share, down from $237.2 million, or $1.27 per share, in the year-earlier period. Its adjusted earnings came in at $1.23 per share. Molson Coors'...
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Benzinga's Top Pre-Market Losers
Tuesday, August 2, 2011 - 7:54am | 100MetroPCS Communications Inc (NYSE: PCS) dipped 10.38% to $14.50 in the pre-market session. PCS reported downbeat Q2 profit. Archer-Daniels-Midland Company (NYSE: ADM) lost 6.10% to $28.62 in the pre-market session. ADM reported weaker-than-expected fiscal fourth-quarter profit. Pfizer Inc (NYSE...
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News Summary for August 2, 2011
Tuesday, August 2, 2011 - 7:53am | 516This is your Benzinga news summary and traders' outlook for Tuesday, August 2, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower even after the House voted to pass a deal to raise the nation's debt...
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Benzinga's Top Downgrades
Tuesday, August 2, 2011 - 7:49am | 121eResearch Technology Inc (NASDAQ: ERT) was downgraded by Benchmark Company from "buy" to "hold." ERT's shares closed at $6.43 yesterday. ERT's trailing-twelve-month profit margin is 6.97%. Deutsche bank downgraded Teekay Tankers Ltd (NYSE: TNK) from “buy” to “hold.” TNK's stock closed at $8.39...
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Benzinga's Top Pre-Market Gainers
Tuesday, August 2, 2011 - 7:49am | 108American Tower Corporation (NYSE: AMT) rose 2.88% to $54.01 in the pre-market session. AMT reported a 27.1% rise in its Q2 total revenue. Chesapeake Energy Corporation (NYSE: CHK) added 2.42% to $35.18 in the pre-market session. CHK declared a $0.0875 per share quarterly dividend. Duke Energy...
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UPDATE: Archer Daniels Midland Reports Weaker-Than-Expected FQ4 Profit; Shares Down In Pre-Market
Tuesday, August 2, 2011 - 7:36am | 73Archer Daniels Midland Co (NYSE: ADM) reported a decline in its fiscal fourth-quarter profit. Archer Daniels Midland reported its quarterly profit at $381 million, or $0.58 per share, down from $446 million, or $0.69 per share, in the year-earlier period. Analysts were expecting earnings of $0.85...
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A Peek Into The Market Before The Trading Starts
Tuesday, August 2, 2011 - 7:31am | 353Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 51 points to 11,989.00 and S&P 500 index futures fell 6.70 points to 1,273.00. Nasdaq 100 futures dropped 11.25 points to 2,334.75. A Peek Into Global Markets European markets were...
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Molson Coors Announces Stock Repurchae Program of up to $1.2B
Tuesday, August 2, 2011 - 7:31am | 50Molson Coors Brewing Company (NYSE: TAP) announced today that its Board of Directors has approved a new program authorizing the repurchase, effective immediately, of up to $1.2 billion of the Company's Class B Common stock, with an expected program term of three years.
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Jefferies Lowers PT on Central European Distribution To $12
Tuesday, August 2, 2011 - 7:18am | 28Jefferies & Company has lowered the price target on Central European Distribution (NASDAQ: CEDC) from $20 to $12 and maintains its Buy rating.
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Jefferies Lowers PT On Avon Products To $33
Tuesday, August 2, 2011 - 7:17am | 27Jefferies & Company has lowered the price target on Avon Products (NYSE: AVP) from $35 to $33 and maintains its Buy rating.