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Goldman Sachs Reiterates Buy on BJ's Wholesale Club
Wednesday, June 22, 2011 - 9:00am | 83Goldman Sachs is out with its report today on BJ's Wholesale Club (NYSE: BJ), maintaining Buy. In a note to clients, Goldman Sachs writes, "As the company continues to generate double-digit EBITDA growth, we expect valuation to revert to more normalized levels, regardless of deal speculation....
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Jefferies Provides Color on Food Sector
Wednesday, June 22, 2011 - 8:09am | 178Jefferies provided color on the food sector. In a research report published today, Jefferies stressed a possibility that Wal-Mart (NYSE: WMT) might put more pressure on its suppliers to maintain its price competitiveness. In the report, Jefferies states, "After packaged food price gaps between Wal...
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Goldman Sachs Decreases Price Target On Walgreen To $47
Wednesday, June 22, 2011 - 8:03am | 122According to Goldman Sachs, Walgreen (NYSE: WAG) price target is decreased to $47. Goldman Sachs said that WAG's underlying May quarter results exceeded our expectation, with EBIT beating our forecast in high-quality fashion, as gross margin rate exceeded our estimate despite input cost pressures...
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Citi Reiterates 2M Rating On Walgreen
Wednesday, June 22, 2011 - 7:55am | 100According to Citi, Walgreen (NYSE: WAG) reported F3Q11 EPS of $0.65 per diluted share, above its estimate of $0.63, above consensus of $0.62, and vs. $0.52 last year (excld. one-time items LY). Citi said that reported F3Q11 EPS included a (-$0.01)/share impact from restructuring and restructuring-...
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Morgan Stanley Reiterates Neutral and PT of $43 on Walgreen Company
Wednesday, June 22, 2011 - 7:50am | 121Morgan Stanley reiterated its Neutral rating on Walgreen Company (NYSE: WAG). At the same time, Morgan Stanley left its price target unchanged at $43 after the company reported better than expected quarterly earnings results. In a research report published today, Morgan Stanley states, "WAG...
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Jefferies Takeaways on Wal-Mart from Global Consumer Conference
Wednesday, June 22, 2011 - 7:25am | 78Jefferies is providing a few takeaways on Wal-Mart (NYSE: WMT) from the Global Consumer Conference. “Consistent with recent remarks, Wal-Mart is squarely focused on getting comp store sales positive and is getting more disciplined on EDLP,” Jefferies writes. “David Cheesewright, President and CEO...
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Bank of America Reiterates Buy and PT of $42 on General Mills
Wednesday, June 22, 2011 - 7:24am | 114Bank of America reiterated its Buy rating on General Mills (NYSE: GIS). At the same time, the rating agency left its price target on the company's stock unchanged at $42 ahead of the company's quarterly earnings report, which is due on June 29. In a research report published today, Bank of...
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Jefferies Reiterates Buy and PT of $50 on Walgreen
Wednesday, June 22, 2011 - 6:13am | 116Jefferies reiterated its Buy rating on Walgreen (NYSE: WAG). At the same time, Jefferies left its price target on the company's stock unchanged at $50 after the company's reported better than expected quarterly earnings. In a research report published today, Jefferies states, "Walgreens reported...
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Goldman Sachs Lowers PT On Walgreen's To $47
Wednesday, June 22, 2011 - 6:02am | 27Goldman Sachs has lowered the price target on Walgreen Company (NYSE: WAG) from $48 to $47 and maintains its Buy rating.
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Top 4 Small-Cap Stocks In The Real Estate Development Industry With The Highest EPS
Wednesday, June 22, 2011 - 12:45am | 143Below are the top small-cap real estate development stocks on the NYSE and the NASDAQ in terms of earnings per share. The trailing-twelve-month earnings per share at Maui Land & Pineapple Company Inc (NYSE: MLP) is $2.65. MLP's profit margin for the same period is 97.79%. The trailing-twelve-...
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Mad Money Lightning Round: Cramer Likes MAKO Surgical, John Deere
Wednesday, June 22, 2011 - 12:42am | 308On CNBC's Mad Money, Jim Cramer said during the Lightning Round that MAKO Surgical (NASDAQ: MAKO) is a “company that has strong momentum. They've got the mojo." Cramer doesn't recommend buying Bitauto Holdings (NYSE: BITA). He said, "It's time to cut and run and take your losses. No Chinese...
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Reynolds Lifts Dividend, Now Yields 5.5%
Tuesday, June 21, 2011 - 5:40pm | 70Many Americans might hesitate to admit it, but tobacco is one of this country's longest-surviving industries. Legislation, heavy excise taxes, class-action suits and higher consciousness about smoking's ill effects on health have failed to send the product the way of the dodo. Reynolds American (...
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U.S. Stocks Burst Ahead On Greece Optimism
Tuesday, June 21, 2011 - 4:28pm | 71Stocks surged Tuesday as optimism over the Greece crisis unleashed some pent-up buying power. At day's end, the Nasdaq scored a 2.2% gain. The NYSE composite jumped 1.5%, and the S&P 500 swelled 1.3%. Volume increased on the Nasdaq and NYSE compared with Monday's light action. Winners swamped...
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Market Bubbles then Fizzes 06-21-2011
Tuesday, June 21, 2011 - 3:30pm | 1058Cusick's Corner Plop, Plop, Fizz, Fizz, - oh what a rally relief it is. The market has bubbled up and now pulled off the highs going into the Midday. The Housing data came in a little better than expected this morning but the market into the Midday hit resistance, 1291 on the S&P Continuous...
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Could East African Bankers Solution to Inflation Foreshadow China's?
Tuesday, June 21, 2011 - 2:59pm | 646Three countries in East Africa—Uganda, Tanzania, and Kenya—are experiencing high rates of inflation. These countries have seen their currencies depreciate severely over the past year. The currencies of Kenya and Uganda are the worst performing in Africa, year-to-date. According to Reuters,...