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Benzinga's Top Initiations
Friday, July 11, 2014 - 8:18am | 146Analysts at JP Morgan initiated coverage on Halozyme Therapeutics (NASDAQ: HALO) with a Outperform rating. The target price for Halozyme Therapeutics is set to $13. Halozyme Therapeutics' shares closed at $9.29 yesterday. Cowen & Company initiated coverage on shares of Lorillard (NYSE: LO)...
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Cowen Initiates Lorillard At Underperform
Friday, July 11, 2014 - 7:37am | 56Cowen & Company initiated coverage on shares of Lorillard (NYSE: LO) with a Underperform rating. The target price for Lorillard is set to $57. Lorillard shares have jumped 36.65% over the past 52 weeks, while the S&P 500 index has surged 16.93% in the same period. Lorillard's shares...
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Benzinga's Top #PreMarket Gainers
Friday, July 11, 2014 - 7:10am | 147Joe's Jeans (NASDAQ: JOEZ) shares gained 18.45% to $1.22 in pre-market trading on Q2 results. The company reported a 56% surge in its quarterly revenue. Lorillard (NYSE: LO) shares surged 4.85% to $66.15 in pre-market trading. Lorillard confirmed that Lorillard and Reynolds American (NYSE: RAI)...
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US Stock Futures Gain; Wells Fargo Earnings In Focus
Friday, July 11, 2014 - 6:37am | 450Pre-open movers US stock futures rose in early pre-market trade. Wells Fargo & Company (NYSE: WFC) is projected to post its Q2 earnings. The U.S. Treasury monthly budget report for June will be released at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average surged 25 points to 16,867.00...
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UPDATE: Reynolds Responds to Imperial Tobacco Announcement: Confirms Discussions Related to Possible Deal with Lorillard
Friday, July 11, 2014 - 6:08am | 105Lorillard, Inc. (NYSE: LO) today confirmed that Lorillard and Reynolds American Inc. (NYSE: RAI) ("RAI") are engaged in discussions regarding RAI's potential acquisition of Lorillard. In connection with that transaction, RAI and Lorillard are in discussions with Imperial Tobacco Group PLC...
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Imperial Confirms Talks to Acquire Assets from Reynolds American, Lorillard Ahead of Merger
Friday, July 11, 2014 - 4:59am | 110Imperial Tobacco (OTC: ITYBY) confirmed it was in talks with Reynolds American (NYSE: RAI) and Lorillard (NYSE: LO) regarding a potential acquisition of assets from the two companies, ahead of their long-rumored merger, according to Reuters. Reports on Thursday indicated Reynolds and Lorillard were...
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Benzinga's Top #PreMarket Losers
Wednesday, July 9, 2014 - 7:11am | 128Gigamon (NYSE: GIMO) shares declined 30.47% to $12.64 in pre-market trading after the company warned that second-quarter revenue will fail to meet expectations. Goldman Sachs downgraded Gigamon from Buy to Neutral and lowered the target price from $29 to $14. The Container Store Group (NYSE: TCS)...
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Worst Performing Industries For July 7, 2014
Monday, July 7, 2014 - 9:58am | 168The Dow dropped 0.28% to 17,020.29, the broader Standard & Poor's 500 index declined 0.26% to 1,980.21 and the NASDAQ composite index fell 0.28% to 4,473.56. The worst performing industries in the market today are: Dairy Products: This industry tumbled 2.12% by 10:50 am. The worst stock within...
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Benzinga's Weekend M&A Chatter
Monday, July 7, 2014 - 4:31am | 447The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday July 3 through Sunday July 6, 2014: JANA Partners Reports 9.9% Stake in PetSmart The Stake:Shares of PetSmart (NASDAQ: PETM) rose 12.5% Thursday, following a 13D filing from JANA Partners, disclosing a 9...
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Stocks To Watch For July 7, 2014
Monday, July 7, 2014 - 3:04am | 245Some of the stocks that may grab investor focus today are: Tekmira Pharmaceuticals (NASDAQ: TKMR) shares tumbled more than 15% on Thursday after the company revealed the Phase I trial of one of its lead drug candidates was put on hold by the FDA for safety concerns. Tekmira Pharma shares dipped 15....
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Stocks To Watch For May 22, 2014
Thursday, May 22, 2014 - 3:13am | 287Some of the stocks that may grab investor focus today are: Wall Street expects Dollar Tree (NASDAQ: DLTR) to report its Q1 earnings at $0.66 per share on revenue of $2.01 billion. Dollar Tree shares declined 0.04% to $49.98 in after-hours trading. Best Buy Co (NYSE: BBY) is estimated to report...
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Lorillard Issues Response to FDA's Proposed Deeming Regulations for eCigs
Thursday, April 24, 2014 - 10:31am | 236Lorillard, Inc. (NYSE: LO), the third largest tobacco company in the United States and owner of blu eCigs, the leading U.S. electronic cigarette company, responded to proposed regulations published today by the U.S. Food and Drug Administration (FDA) regarding the electronic cigarette industry....
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Lorillard Elects New Board Member
Monday, March 31, 2014 - 3:10pm | 663Lorillard, Inc. (NYSE: LO), the third largest tobacco company in the United States, today announced the election of Jerry W. Levin to its Board of Directors, effective immediately. The Board is now comprised of nine members, eight of whom are non-executive independent directors. "We are delighted...
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Earnings Scheduled For March 31, 2014
Monday, March 31, 2014 - 4:03am | 494UTi Worldwide (NASDAQ: UTIW) is projected to post a Q4 loss at $0.11 per share on revenue of $1.08 billion. Cal-Maine Foods (NASDAQ: CALM) is expected to post its Q3 earnings at $1.41 per share. InterOil (NYSE: IOC) is estimated to post a Q4 loss at $0.04 per share on revenue of $333.50 million...
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Top 4 Large-Cap Stocks In The Cigarettes Industry With The Highest ROA
Friday, March 21, 2014 - 4:25am | 127Below are the top large-cap cigarettes stocks on the NYSE and the NASDAQ in terms of return on assets. The trailing-twelve-month return on assets at Lorillard (NYSE: LO) is 39.74%. Lorillard's revenue for the same period is $4.97 billion. The trailing-twelve-month return on assets at Philip...