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Bulls Buying Calls on Blackstone Group (BX)
Monday, February 14, 2011 - 4:46pm | 155Shares of The Blackstone Group L.P. (NYSE: BX) are higher on the session by 2.16%, currently trading at $17.53. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today...
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Valentine's KISS 02-14-2011
Monday, February 14, 2011 - 3:58pm | 814Cusick's Corner KISS: Keep It Simple – it's low volume on this grind to the upside, the market is overbought and commercial traders are pulling off their hedges (specifically in the NAZ and DOW futures), all going to put your discipline and your plan to test. Now those of you who have been winging...
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J.P. Morgan Raises PT on State Street to $53 (STT)
Monday, February 14, 2011 - 10:45am | 129J.P. Morgan is out with its report today on State Street (NYSE: STT), raising its PT from $52 to $53. In a note to clients, J.P. Morgan writes, "We are raising our December 2011 price target to $53.00 from $52.00 to reflect a shift in our target P/E multiple to 2012 forward year P/E from current...
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J.P Morgan Comments On Penson Worldwide's Earnings Beat
Monday, February 14, 2011 - 9:33am | 207Penson Worldwide (NASDAQ: PNSN) reported EPS of $0.11, and $0.07 excluding non-operating expenses. The results were better than J.P Morgan modeled, better than it feared and were largely in line with what management said the company would earn when PNSN reported 3Q10 results. JPM is maintaining its...
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JP Morgan Raises PT On State Street To $53
Monday, February 14, 2011 - 8:56am | 28JP Morgan has raised the price target on State Street Corporation (NYSE: STT) from $52 to $53 and maintains its Neutral rating.
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Citigroup Lists Key Asset Manager Winners
Monday, February 14, 2011 - 8:24am | 193In a report released this morning, Citigroup outlines its key winners in the asset manager sector. “Waddell & Reed Financial Inc. (NYSE: WDR), by far, posted the most robust set of flows at +$650M, delivering 12% annualized growth – with contribution in equities and bonds, increasingly...
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JP Morgan Raises PT On Penson Worldwide To $6.50
Monday, February 14, 2011 - 8:20am | 27JP Morgan has raised the price target on Penson Worldwide (NASDAQ: PNSN) from $6 to $6.50 and maintains its Neutral rating.
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Penson Worldwide Climbs 12.1% To A 52-Week High (PNSN)
Friday, February 11, 2011 - 4:04pm | 188Shares of Dallas, Texas-based Penson Worldwide, Inc. (Nasdaq: PNSN) are trading up 12.1% at $6.38 per share during the Friday afternoon trading session. The day's trading range for shares of Penson Worldwide, Inc has been between $5.70 and a 52-week high of $6.38 per share. Analysts covering the...
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Jefferies Reiterates State Street Buy, Raises PT To $57 (STT)
Friday, February 11, 2011 - 10:47am | 77Jefferies reiterated its State Street (NYSE: STT) Buy rating and raised State Street's PT to $57 from $55 in a research report published today. In the report, Jefferies states, "A few data points lead us to tweak ests. higher, including lower regulatory expense step-ups, earlier-than-modeled cost...
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J.P. Morgan Raises PT on Och-Ziff Capital Management to $20
Friday, February 11, 2011 - 9:57am | 142J.P. Morgan is out with its report today on Och-Ziff Capital Management (NYSE: OZM), raising its PT from $18 to $20. In a note to clients, J.P. Morgan writes, "Och-Ziff reported 4Q10 EPS of $0.74, well exceeding the consensus, but missing our $0.76 based on higher than modeled compensation but...
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Jefferies Raises PT On State Street To $57
Friday, February 11, 2011 - 9:40am | 27Jefferies & Company has raised the price target on State Street (NYSE: STT) from $55 to $57 and maintains its Buy rating.
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CIti Upgrades AllianceBernstein Holding To Hold, Increases PT To $21.50 (AB)
Friday, February 11, 2011 - 9:02am | 87Citi upgraded AllianceBernstein Holding (NYSE: AB) to Hold from Sell and increased AllianceBernstein's price target to $21.50 from $20 in a research report published today. In the report, Citi states, "Two issues keep us cautious. First, 2011 is likely a transition year on flows, in our opinion....
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Citi Upgrades Waddell & Reed Financial To Buy, Raises PT To $44 (WDR)
Friday, February 11, 2011 - 8:47am | 133Citi upgraded its Waddell & Reed Financial (NYSE: WDR) rating to Buy from Hold and raised Waddell & Reed Financial's price target to $44 from $40 in a research report published today. In the report, Citi states, "Four factors drive the upgrade, reinforced following particularly bullish CEO...
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Goldman Upgrades Ameriprise Financial (AMP)
Friday, February 11, 2011 - 8:25am | 138Goldman Sachs is upgrading shares of Ameriprise Financial, Inc. (NYSE: AMP) to Buy from Neutral, and putting a $73 price target on shares. In a note to clients, Goldman writes, "We upgrade Ameriprise to Buy from Neutral, with a $73 price target, implying 18% upside from current levels. We view AMP...
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Citigroup Upgrades AllianceBernstein To Hold, PT To $21.50
Friday, February 11, 2011 - 8:18am | 27Citigroup has upgraded AllianceBernstein Holding (NYSE: AB) from Sell to Hold and has raised the price target from $20 to $21.50.