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Goldman Sachs Raises PT on Hormel Foods Corp. (HRL)
Wednesday, November 24, 2010 - 8:51am | 22Goldman Sachs has raised its price target on Hormel Foods (NYSE: HRL) from $45 to $50.
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Barclays Capital Downgrades CPB To Equal Weight
Wednesday, November 24, 2010 - 8:34am | 52Analysts at Barclays Capital downgrade Campbell Soup Company (NYSE: CPB) from "overweight" to "equal weight." The target price for CPB has been reduced from $38 to $33. CPB's shares lost 2.38% to close at $34.00 yesterday. More Analyst Ratings here
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EPD and EPE Wrap up Merger - Analyst Blog
Wednesday, November 24, 2010 - 5:33am | 582One of the nation's biggest pipeline operators, Enterprise Products Partners L.P. (EPD) and Enterprise GP Holdings LP (“EPE”) have completed a unit-based merger. Enterprise GP is now a subsidiary of Enterprise Products. Per the agreement, for every 1 unit, EPE unitholders will receive 1.5 units...
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Puts Purchased on Campbell Soup Company (CPB)
Tuesday, November 23, 2010 - 2:57pm | 150Shares of Campbell Soup Company (NYSE: CPB) are lower on the session by 2.04%, currently trading at $34.12. The stock has been moving largely sideways over the past six months, though recently came under selling pressure and is currently trading below the 50-day and 200-day moving averages....
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Campbell Soup Misses, Sales Fall - Analyst Blog
Tuesday, November 23, 2010 - 12:30pm | 175This article has been unpublished. Walter, need new message. CAMPBELL SOUP (CPB): Free Stock Analysis Report DEL MONTE FOODS (DLM): Free Stock Analysis Report GENL MILLS (GIS): Free Stock Analysis Report HEINZ (HJ) CO (HNZ): Free Stock Analysis Report Zacks Investment Research
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3Q GDP Revised Up to 2.5% - Analyst Blog
Tuesday, November 23, 2010 - 12:30pm | 4263This is essentially a repost of the report I posted when the original estimates for GDP growth came out on October 27th. I have put the new revised contributions to (or drags on) growth in bold, with the original numbers immediately following in parenthesis. This will allow you to immediately see...
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Credit Suisse: Tyson Foods Operating At Its Best, Sees Higher Grain Costs Coming
Tuesday, November 23, 2010 - 12:03pm | 163Credit Suisse came away from Tyson Food's (NYSE: TSN) fourth quarter highly impressed with management's strategic direction and execution. In a rare move, management said that it will cut chicken production through 2Q to trim inventories and ensure higher pricing next summer. This is positive news...
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Hormel's Upbeat Results - Analyst Blog
Tuesday, November 23, 2010 - 11:51am | 869Hormel Foods Corporation (HRL) posted strong results for the fourth quarter and fiscal 2010 with an EPS of 90 cents and $2.92 compared with 77 cents and $2.53 in the respective period of fiscal 2009 based on increases of 23.2% and 10.5% in revenue in the respective period. Fourth Quarter...
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Company News for November 23, 2010 - Corporate Summary
Tuesday, November 23, 2010 - 11:18am | 702• Hewlett-Packard (NYSE: HPQ) reported earnings of $1.33 per share, up from estimates of $1.27 per share, on an 8.1% revenue gain to $33.2 billion above estimates of $32.8 billion. The firm's new-year estimate was set at a 13-15% rise to $5.16-$5.26 • Campbell Soup (NYSE: CPB) reported its fiscal...
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News Summary (BWS, BDX, CPB)
Tuesday, November 23, 2010 - 10:44am | 255Shares of Brown Shoe Co (NYSE: BWS) surged about 18.5% after the company reported upbeat FQ3 results. The company's profit came in at $0.42 per share, up from $0.38 per share, in the year-earlier period. Excluding charges, BWS posted its earnings at $0.45 per share. The company's sales increased 15...
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Deutsche Bank: Dean Foods Continues To See Dairy Troubles
Tuesday, November 23, 2010 - 10:13am | 160Dean Foods' (NYSE: DF) continuing problems in dairy are once again bringing leverage issues to bear on the equity and more than offsetting solid trends in the branded WW segment. While mgmt. is lowering cost and fighting for milk share, no short-term fix seems possible. Deutsche Bank lowers its...
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Hormel Foods Up 3% (HRL)
Tuesday, November 23, 2010 - 10:02am | 87Hormel Foods Corporation (NYSE: HRL) is up 3% in pre-market trading after the maker of Spam reported better than expected earnings. The company reported earnings of 90 cents a share, on revenues of $2.063 billion. Hormel also said it was raising its dividend to $1.02 per share over the full year...
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Cosan Authorizes 6.6M Share Buyback - Analyst Blog
Tuesday, November 23, 2010 - 9:30am | 526Brazilian sugar and ethanol producer, Cosan S.A., has been authorized to repurchase approximately 6.6 million common shares, representing 1.6% of the total capital, within a year. The Board of Directors 'approval requires the shares repurchased to be held in treasury for future sale or...
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Zhongpin Poised For Long-Term Growth
Tuesday, November 23, 2010 - 9:11am | 123Citi has published its research report on Zhongpin (NASDAQ: HOGS) following evidence of the company's long-term growth. In a note to clients, Citi writes, "Zhongpin is the No.4 pork processor in China. The company has 7.5m heads slaughtering capacity and plans to increase by 2.5m heads by 2011, and...
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Campbell Soup Reports Q1 EPS of $0.82
Tuesday, November 23, 2010 - 8:55am | 56Campbell Soup Company (NYSE: CPB) reports its Q1 EPS at $0.82, versus the consensus of $0.83. CPB reports its Q1 revenue at $2.172 billion, versus the estimates of $2.2 billion. CPB shares gained 0.52% to close at $34.83 yesterday. Read more from Benzinga's Company news.