-
Credit Suisse's Estimates and Price Target Changes
Tuesday, May 31, 2011 - 7:33am | 779Credit Suisse made a number of estimates and price target changes in a research report published today. BG Group plc (BRGYY) had its price target cut to 1,690p from 1,710p. At the moment, Credit Suisse has an outperform rating on the company's stock. In the report Credit Suisse states, "In this...
-
UPDATE: Jefferies Raises PT on Hormel Foods to $29
Tuesday, May 31, 2011 - 7:25am | 100Jefferies is out with its report today on Hormel Foods (NYSE: HRL), raising its PT from $28 to $29. In a note to clients, Jefferies writes, "Updating our model following HRL's F2Q earnings release earlier this week. HRL acknowledged margin deceleration over the balance of FY11, and a closer look a...
-
Credit Suisse Raises PT On HJ Heinz To $55
Tuesday, May 31, 2011 - 7:13am | 28Credit Suisse has raised the price target on HJ Heinz Company (NYSE: HNZ) from $50 to $55 and maintains its Neutral rating.
-
Goldman Sachs Reiterates Buy Rating On Dean Foods
Tuesday, May 31, 2011 - 6:42am | 136According to Goldman Sachs, Dean Foods Company (NYSE: DF) Buy rating is reiterated. Goldman Sachs said that it reiterates its Buy rating on Dean Foods (DF) and sees sizable return potential over the next 12 months based on its $19 price target. “We have been getting two major pushbacks to our...
-
SunOpta Divests of Salinas, California Frozen Fruit Assets
Tuesday, May 31, 2011 - 6:31am | 181SunOpta (Nasdaq: STKL) today announced the sale of frozen fruit processing equipment located in Salinas, California to Cal Pacific Specialty Foods. These assets were previously leased to Cal Pacific and were sold for their book value of approximately $1.8 million, paid in cash on closing. Cal...
-
Consumer Investing Goes Well Beyond Retail, Williams Capital Research Reports
Tuesday, May 31, 2011 - 6:22am | 204“The last couple of weeks served as a reminder that consumer investing goes well beyond retail,” Williams Capital Research started in a new report released this morning. “Despite some notable earnings and guidance disappointments from retailers, the relative strength of the consumer sectors...
-
Merger Arbitrage Mondays – May 30, 2011
Monday, May 30, 2011 - 5:17am | 4823Merger activity decreased last week with three new deals announced and four closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 78 Total Number of Deals...
-
Data Mixed 05-27-2011
Friday, May 27, 2011 - 1:39pm | 942Cusick's Corner This is what I expected going into this long weekend -- a listless consolidated trade. I was not surprised the market was mute when the housing data came out. The market's reaction was one that could be expected since the Income and Spending numbers came in line which was huge. I...
-
Options Brief: The Hain Celestial Group
Friday, May 27, 2011 - 12:30pm | 74Shares of The Hain Celestial Group (NASDAQ: HAIN) are higher on the session by 4.74%, trading at $36.05. Overall call volume is now running at 5.61x the daily average, with 65% of all calls traded being purchases on the offer. 1,089 contracts have traded on the session so far. The Hain Celestial...
-
Wimm Bill Dann Up 2% As Pepsi Boosts Stake
Friday, May 27, 2011 - 11:48am | 84Wimm Bill Dann (NYSE: WBD) shares are up more than 2% this afternoon, as Bloomberg said that Pepsi (NYSE: PEP) boosted its stake in the company to 95.81% from 76.98%. Pepsi is currently in the process of buying the entire company. Wimm-Bill-Dann Foods OJSC manufactures and sells dairy, beverage,...
-
The Hain Celestial Group Moving On Heavy Volume
Friday, May 27, 2011 - 9:52am | 138The Hain Celestial Group, Inc. (NASDAQ: HAIN) shares are moving higher today on very heavy volume. Shares are up more than 3% today, as the stock has already traded the average daily volume just over an hour into trading. The average daily volume in the name is just under 400,000 shares, and the...
-
Signs Of Summer: 5 Stocks For Memorial Day
Friday, May 27, 2011 - 8:27am | 580Memorial Day is upon us, and it's the unofficial start of summer. The beaches will be packed, barbecues will be going, people will be partying, and enjoying the time off we have from work. While you are cooking up hot dogs, hamburgers, and eating some potato salad, chew on some of these stock...
-
Gabelli Maintains Hold on H.J. Heinz
Friday, May 27, 2011 - 8:26am | 117Gabelli is out with its report today on H.J. Heinz (NYSE: HNZ), maintaining Hold. In a note to clients, Gabelli writes, "JCI shares currently trade at 8x FY12 estimated EBITDA and less than 12x our FY12 EPS estimate of $3.30 per share. In our opinion, the recent dip from a high of $41.26 on April...
-
UPDATE: Bank of America Merrill Lynch Raises PO on H.J. Heinz to $55
Friday, May 27, 2011 - 7:23am | 126Bank of America Merrill Lynch is out with its report today on H.J. Heinz (NYSE: HNZ), raising its PO to $55. In a note to clients, Bank of America Merrill Lynch writes, "We raise our FY12E/FY13E EPS estimate from $3.30/$3.50 to $3.35/$3.62, including a $0.06 benefit from currency in FY12. We are...
-
UPDATE: Citi Raises PT on HJ Heinz to $62
Friday, May 27, 2011 - 7:07am | 131Citi is out with its report today on HJ Heinz (NYSE: HNZ), raising its PT from $57 to $62. In a note to clients, Citi writes, "We are increasing our F2012 EPS estimate by 2c to $3.37, with our F2013 EPS estimate raised by 10c to $3.70, as Heinz should be able to produce solid leverage against its...