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Stocks To Watch For August 8
Monday, August 8, 2011 - 2:01am | 210Some of the stocks that may grab investor focus today are: Wall Street expects Live Nation Entertainment Inc (NYSE: LYV) to report its Q2 EPS at $0.02 on revenue of $1.32 billion. LYV shares dipped 3.79% to close at $9.38 on Friday. Analysts are expecting Tyson Foods Inc (NYSE: TSN) to have...
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Hertz Global Holdings Extends Exchange Offer to Acquire Dollar Thrifty Automotive Group
Friday, August 5, 2011 - 5:03pm | 208Hertz Global Holdings (NYSE: HTZ) today announced that it has extended the expiration date of its exchange offer for all outstanding shares of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) for $57.60 in cash and 0.8546 shares of Hertz common stock. The exchange offer and withdrawal rights are...
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Options Brief: Avis Budget Group
Friday, August 5, 2011 - 1:21pm | 95Shares of Avis Budget Group (NYSE: CAR) are lower on the session by 0.65%, trading at $13.75. Overall put volume is now running at 10.26x the daily average, with 84% of all puts traded being purchases on the offer. 4,237 contracts have traded on the session so far. Avis Budget Group, Inc....
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Citi reiterates Hold on Con-way, Slashes PT to $36
Friday, August 5, 2011 - 7:30am | 46Citi reiterated its Hold rating on Con-way (NYSE: CNW). At the same time, the rating agency slashed its price target on the company's stock from $44 to $36. On Thursday, CNW lost 7.67% of its value to end the day at $31.68.
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Stifel Nicolaus Upgrades CNI, HUBG, JBHT, PNNT To Buy
Friday, August 5, 2011 - 7:16am | 79Stifel Nicolaus has upgraded the following companies: Canadian National Railway (NYSE: CNI) from Hold to Buy, $88 PT Hub Group (NASDAQ: HUBG) from Hold to Buy, $40 PT JB Hunt Transport Services (NASDAQ: JBHT) from Hold to Buy, $52 PT PennantPark Investment Corporation (NASDAQ: PNNT) from Hold...
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JP Morgan Reiterates Underweight on Con-way, Reduces PT to $35
Friday, August 5, 2011 - 7:02am | 47JP Morgan reiterated its Underweight rating on Con-way (NYSE: CNW). At the same time, the rating agency reduced its price target on the company's stock from $40 to $35. On Thursday, CNW lost 7.67% of its value to finish the day at $31.68.
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News Summary for August 5, 2011
Friday, August 5, 2011 - 6:49am | 555This is your Benzinga news summary and traders' outlook for Friday, August 5, 2011, covering headlines from overnight and Friday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for another weak morning as traders wait for the jobs report. At last check, Dow...
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Deutsche Bank Reports Inline Q2 On Con-Way
Friday, August 5, 2011 - 6:27am | 69According to Deutsche Bank, Con-way (NYSE: CNW) reported adjusted Q2 EPS of $0.50, which was inline with estimate and Consensus. Deutsche Bank said that adjusted EPS excludes a $0.02/ share tailwind from a $1.2 million benefit from discrete tax adjustments. “Con-way Truckload and Menlo Logistics...
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JP Morgan Lowers PT On Con-way To $35
Friday, August 5, 2011 - 6:11am | 26JP Morgan has lowered the price target on Con-way (NYSE: CNW) from $40 to $35 and maintains its Underweight rating.
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Citigroup Lowers PT on Con-way To $36
Friday, August 5, 2011 - 6:08am | 25Citigroup has lowered the price target on Con-way (NYSE: CNW) from $44 to $36 and maintains its Hold rating.
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Thursday's Put/Call Ratio Leaders
Thursday, August 4, 2011 - 11:26am | 80Here are today's Put/Call Ratio leaders… 1. CB Richard Ellis Group (NYSE: CBG) 12,256 puts, 11 calls 2. Ryland Group (NYSE: RYL) 5,461 puts, 24 calls 3. Hertz Global (NYSE: HTZ) 7,188 puts, 46 calls 4. Pilgrims Pride (NYSE: PPD) 3,329 puts, 37 calls 5. Time Warner Cable (NYSE: TWX) 3,713 puts, 44...
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Deutsche Bank Maintains Hold on Arkansas Best
Thursday, August 4, 2011 - 6:54am | 119Deutsche Bank is out with its report today on Arkansas Best (NASDAQ: ABFS), maintaining Hold. In its report, Deutsche Bank writes, "Yesterday, ABFS reported Q2 EPS of $0.20 above both our estimate of $0.10 and Consensus of $0.05. Upside was driven by better-than-expected pricing with yields (gross...
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Jefferies Reiterates Hold on Quality Distribution, Raises PT to $14
Wednesday, August 3, 2011 - 7:56am | 42Jefferies reiterated its Hold rating on Quality Distribution (NASDAQ: QLTY). At the same time, the rating agency raised its price target on the company's stock from $13 to $14. On Tuesday, QLTY closed the day at $12.60.
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UPDATE: Sterne Agee Raises PT on Quality Distribution from $16 to $18
Wednesday, August 3, 2011 - 7:51am | 107Sterne Agee has published a report on Quality Distribution (NASDAQ: QLTY) raising the price target by two dollars. In the report, Sterne Agee wrote, "While revenue rose 7% YoY to $190m, which was $4 million above our expectations, it was the 34% improvement in operating income that led to the EPS...
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Pre-Market Gainers 8/3
Wednesday, August 3, 2011 - 7:40am | 94Emdeon (NYSE: EM) +13.54% on the reports that Blackstone will buy the company for $3B. SuccessFactors (NASDAQ: SFSF) +14.32% on the upbeat earning reported yesterday. Clean Harbors (NYSE: CLH) +10.44 on the upbeat earnings reported this morning. Vonage (NYSE: VG) +7.82% on the upbeat earnings...