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McKesson Corporation (MCK) To Benefit From Demand For Generic Drugs
Tuesday, January 19, 2010 - 9:52am | 99Standpoint Research initiated coverage on McKesson Corporation (NYSE: MCK) with a Buy recommendation and a 12 month price target range of $70 - $75. The firm believes that McKesson Corporation is positioned to benefit from the increased demand for generic drugs and their technological advantage...
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Top 5 Mid-Cap Stocks In The Services Sector With The Highest Revenue Estimates (DEG, ABC, SWY, ENL, SVU)
Tuesday, January 19, 2010 - 6:56am | 311Below are the top 5 mid-cap services stocks on the NASDAQ and the NYSE in terms of revenue estimates. The revenue estimates for Delhaize Group (NYSE: DEG) for the December quarter are $29.39 billion. DEG’s market capitalization is $7.76 billion. DEG’s quarterly earnings growth is 28.00% y/y. Read...
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Upside Seen In McKesson (MCK)
Friday, January 8, 2010 - 3:09pm | 85Analysts at Bank of America Merrill Lynch have rated McKesson (NYSE: MCK) as a Buy with a price target of $68.00. This target implies a 14.9x CY10E PE and 7.2x EV/EBIDTA multiple. This is much below historical highs of 16.5x and 7.7x respectively in spite of the relative stability of McKesson’s...
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Soleil Research Report: Patterson Companies (PDCO)
Tuesday, December 29, 2009 - 2:58pm | 104Soleil Securities released a company update today on Patterson Companies (NASDAQ: PDCO). Soleil has a buy rating on PDCO and a price target of $34.50 on the shares. Patterson Companies' stock is currently trading at $28.04. Patterson is a leading distributor of dental, rehab, and veterinary...
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Patterson Companies And Schick Technologies Renew Agreement (PDCO, SIRO)
Monday, December 28, 2009 - 10:40am | 100According to the Bank of America, Patterson Companies (NASDAQ: PDCO) and Schick Technologies, a unit of Sirona Dental Systems, Inc. (NASDAQ: SIRO) that focuses on digital imaging systems, have an agreement to extend a longstanding partnership to deliver equipment in the U.S. and Canada. Under the...
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McKesson (MCK) Trades At A Discount To Cardinal Health (CAH)
Tuesday, December 22, 2009 - 1:33pm | 87Leerink Swann retained its Outperform rating for McKesson Corporation (NYSE: MCK) and expects the shares to trade in the range of $66-71. It expects McKesson to perform well based on the generic launch schedule, the CDC swine flu contract and stimulus-related hospital capex. Leerink has noted that...
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NY Judge Accepts Guilty Plea of Galleon Key Witness Roomy Khan
Thursday, December 17, 2009 - 3:11pm | 90A federal judge accepted the guilty plea of Roomy Khan, the key co-operating witness in the insider-trading case against Raj Rajaratnam, founder of hedge-fund firm Galleon Group. Khan was employed with Intel Corporation (NASDAQ: INTC). A federal magistrate judge in Manhattan approved a U.S....
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Rite Aid Corporation (RAD) Reports Third Quarter Fiscal 2010 Results
Thursday, December 17, 2009 - 1:08pm | 124Rite Aid Corporation (NYSE: RAD)(FREE stock trend analysis) narrows the fiscal 2010 outlook. The third quarter net loss is $.10 per diluted share compared to the net loss of $.30 per diluted share in the prior third quarter. The adjusted EBITDA is $254.2 million compared to the adjusted EBITDA of...
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Top 5 Mid-Cap NYSE Stocks with Highest Sales (ttm) (ABC, VLO, AIG, SVU, BG)
Thursday, December 10, 2009 - 11:38am | 190Below are the top 5 mid-cap stocks on the NYSE in terms of sales (ttm). The trailing-twelve-month sales figure for AmerisourceBergen Corporation (NYSE: ABC) is $71.76 billion. ABC’s market capitalization is $7.06 billion. Bernstein upgraded ABC from “underperform” to “market perform.” The trailing-...
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Barron’s: Insider Stock Transactions
Monday, December 7, 2009 - 3:13pm | 227For the week ended 30 November 2009, the following were insider purchases: 100,000 shares in DirecTV (NASDAQ: DTV), 91,500 shares in Werner Enterprises (WERN), 100,000 shares in Zions Bancorporation (NASDAQ: ZION), 30,500 shares in Rofin Sinar Technologies (NASDAQ: RSTI), 2,774,306 shares in Fusion...
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PSS World Medical Earns Upgrade
Tuesday, December 1, 2009 - 3:08pm | 118PSS World Medical (Nasdaq: PSSI), a medical productors distributor, was upgraded to "outperform" from "market perform" by Raymond James analyst John Ransom. Ransom said Wall Street's expectations for the stock have become more realistic in recent weeks. Florida-based PSS World Medical have fallen...
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Henry Schein’s Acquisition Makes Strategic Sense
Tuesday, December 1, 2009 - 1:05pm | 137Jefferies & Co. maintain their “Hold” rating for Henry Schein, Inc. (NASDAQ: HSIC) after Henry Schein, and Butler Animal Health Supply announced an agreement to form Butler Schein Animal Health. The price target is set to $52.00. The firm said “Merger of vet businesses creates the largest U.S....
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5 Top Mid-Cap Stocks with Highest Revenue Expectations for the Current Quarter (DEG, AIG, VLO, ABC, DG)
Friday, November 27, 2009 - 9:51am | 200Below are interesting mid-cap stocks on the NYSE and NASDAQ that have highest revenue expectations for the next quarter. The revenue expectations for Delhaize Group (NYSE: DEG) for the next quarter is $29.39 billion. RAD has a market capitalization of $7.76 billion. JP Morgan upgraded DEG from “...
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Company News for November 27, 2009 - Corporate Summary
Friday, November 27, 2009 - 9:14am | 172• AIG (NYSE:AIG) announced settlement of claims against former Chairman Greenberg and Chief Financial Officer Smith • Frontline (NYSE:FRO) reported a Q3 loss of $0.07 per share, beating consensus estimates for a loss of $0.13 per share. Revenues for the quarter dropped 60% to $233 million, but came...
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China Continues Expanding "Infrastructure for Resources" Policy with Agreements in Malaysia
Wednesday, November 11, 2009 - 9:00am | 1216As the United States spends money it doesn't have (much of it borrowed from China ironically) to manipulate housing prices upward, get its debt laden consumers to spend with financial handouts, bail out its financial oligarchs, and funnel money into states so its public sector employees have no...