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Aussie Awaits Stress Test, Inflation Data
Thursday, July 22, 2010 - 8:59am | 468Fundamentals The Aussie Dollar has held up fairly well recently, but the currency now faces several tests. The Royal Bank of Australian (RBA) has not hinted toward a bias as far as tightening goes, but, will analyze the results of the European bank stress tests and domestic inflation data to...
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Huron Consulting Group Announces New Product
Thursday, July 22, 2010 - 8:01am | 148Huron Consulting Group (Nasdaq: HURN) today announced the launch of its IMPACT solution, which delivers sustainable cost reduction for the office of the general counsel and corporate legal departments. “Despite heightened workloads, corporate law departments are being asked to do more with less and...
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J.P. Morgan Neutral On Cintas; Raises 2011 EPS Estimate Slightly (CTAS)
Wednesday, July 21, 2010 - 9:50am | 100J.P. Morgan is raising its 2011 EPS estimate for Cintas (NASDAQ: CTAS)and are now modeling for $1.52 for 2011, up from $1.50. This is due to better rental gross margin assumptions as uniform and facilities volumes improve. Cintas reported 4QF10 EPS of $0.35 on Tuesday, which is 2 cents better...
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Benzinga’s Top Upgrades (CTAS, GS, HPY, FRO)
Wednesday, July 21, 2010 - 9:00am | 146Cintas Corporation (NASDAQ: CTAS) was upgraded by RW Baird from "underperform" to "neutral." CTAS’ shares closed at $25.93 yesterday. Cintas’ trailing-twelve-month gross margin is 41.14%. Keefe Bruyette upgraded Goldman Sachs Group Inc (NYSE: GS) from "market perform" to "outperform." GS’ shares...
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The GEO Group Signs Contract with the State of Georgia
Wednesday, July 21, 2010 - 8:22am | 95The GEO Group (NYSE: GEO) announced today that it has signed a contract with the State of Georgia, Department of Corrections for the development and operation of a new 1,500-bed correctional facility (the “Facility”) to be located in Milledgeville, Georgia. Under the terms of the contract, GEO will...
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Cintas Corporation Beats on Top and Bottom Line (CTAS)
Tuesday, July 20, 2010 - 4:37pm | 182Cintas Corporation (NASDAQ: CTAS) reports Q2 EPS $0.35 vs consensus of $0.33. Cintas Corp. reports Q2 revenue $909.4 million vs consensus of $884.02 million. Revenues rose by 3.5% year over year. The company issued mixed guidance, saying that FY 2011 EPS would come in at $1.50 to $1.58 on revenue...
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Benzinga’s Top Upgrades (BHP, PPG, BMRC, HURN)
Tuesday, July 20, 2010 - 8:56am | 161BHP Billiton Limited (NYSE: BHP) was upgraded by Barclays Capital from "equal weight" to "overweight." BHP’s shares closed at $66.03 yesterday. BHP Billiton’s quarterly earnings soared 133.93% y/y. Morgan Stanley upgraded PPG Industries Inc (NYSE: PPG) from "equal weight" to "overweight." PPG’s...
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Oppenheimer Downgrades RBA To Perform
Tuesday, July 20, 2010 - 6:50am | 42Analysts at Oppenheimer & Co downgrade Ritchie Bros Auctioneers (NYSE: RBA) from "outperform" to "perform." RBA’s shares gained 0.27% to close at $18.34 yesterday. More Analyst Ratings here
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Puts Purchased on Cintas Corp. (CTAS)
Monday, July 19, 2010 - 2:35pm | 108Shares of Cintas Corp. (NASDAQ: CTAS) are higher on the session by 1.11%, currently trading at $25.48. The stock has been moving largely lower over the past four months, but has caught a bid as of late and broken the technical downtrend. Options traders are buying puts on the name today. The...
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Hill International Receives Contract to Support U.S. Department of Energy
Monday, July 19, 2010 - 1:53pm | 87Hill International (NYSE: HIL), the global leader in managing construction risk, announced today that it has received a contract from the U.S. Army Corps of Engineers, Huntington District, to provide engineering and construction management services on environmental remediation projects nationwide...
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Piper Jaffray Reiterates Overweight Rating on Impax Laboratories (IPXL)
Monday, July 19, 2010 - 9:38am | 306Piper Jaffray is out with a research report this morning, where it reiterates its Overweight rating on Impax Laboratories (NASDAQ: IPXL); it also has a $26.00 price target on the stock. The PJ analysts said, “We are lowering our 2Q10 estimates for Impax to better reflect market share trends for...
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Benzinga’s Top Downgrades (SWN, UPL, DO, RBA)
Friday, July 16, 2010 - 9:16am | 155Southwestern Energy Company (NYSE: SWN) was downgraded by Goldman from “buy” to “neutral.” SWN’s shares closed at $38.81 yesterday. Southwestern Energy’s earnings are likely to fall by 106.33% this year. Goldman downgraded Ultra Petroleum Corp (NYSE: UPL) from “buy” to “neutral.” UPL’s shares...
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Target Price For Ritchie Bros Cut By RBC Capital, BMO Capital
Friday, July 16, 2010 - 7:57am | 76RBC Capital cuts the target price for Ritchie Bros Auctioneers Incorporated (NYSE: RBA) to $16 from $18, while maintaining its rating for the stock. Another investment firm, BMO Capital has also lowered its target price on RBA to $19 from $21, while keeping their rating on the stock intact. RBA's...
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Top 4 Stocks In The Business Software And Services Industry With The Highest Dividend Yield (ADP, BLKB, JKHY, IRM)
Thursday, July 15, 2010 - 5:34am | 127Below are the top business software and services stocks on the NYSE and the NASDAQ in terms of dividend yield. Automatic Data Processing Inc (NASDAQ: ADP) has a dividend yield of 3.30%. ADP’s shares closed at $41.70 yesterday. Blackbaud Inc (NASDAQ: BLKB) has a dividend yield of 2%. BLKB’s shares...
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Benzinga’s Volume Movers (ADCT, VVUS, EZCH, ACTG)
Tuesday, July 13, 2010 - 1:06pm | 174ADC Telecommunications, Inc (NASDAQ: ADCT) shares gained 3.09% to $65.73 at 11:29 am. The volume of ADCT shares traded was 4851% higher than normal. Tyco Electronics (NYSE: TEL) is acquiring ADCT for $12.75 per share. Vivus, Inc (NASDAQ: VVUS) shares jumped 2.34% to $46.80. The volume of VVUS...