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Sterne Agee Comments on Arkansas Best Corp
Wednesday, August 3, 2011 - 7:27am | 150Sterne Agee has published a report on Arkansas Best Corporation (NASDAQ: ABFS). In the report, Sterne Agee wrote, " ABFS beats raised expectations. ABFS reported 2Q11 EPS $0.20, well above consensus EPS of $0.06. While the Company missed our $0.28 Street-high estimate, we were pleased with the 440...
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Jefferies Raises PT on Quality Distribution To $14
Wednesday, August 3, 2011 - 7:03am | 27Jefferies & Company has raised the price target on Quality Distribution (NASDAQ: QLTY) from $13 to $14 and maintains its Hold rating.
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Piper Jaffray Neutral On Arkansas Best Corp.
Wednesday, August 3, 2011 - 6:45am | 155Piper Jaffray is out with a research report on Arkansas Best Corp. (NASDAQ: ABFS) and it has a Neutral rating and a $27 price target on shares. In a note to clients, Piper Jaffray writes, "Yesterday before market ABFS reported 2Q11 EPS of $0.20, above our $0.10 estimate and Consensus $0.06. Upside...
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JP Morgan Reiterates Underweight and PT of $20 on Arkansas Best
Wednesday, August 3, 2011 - 6:09am | 59JP Morgan reiterated its Underweight rating on Arkansas Best (NASDAQ: ABFS). At the same time, the rating agency left its price target on the company's stock unchanged at $20. On Tuesday, ABFS lost 0.73% of its value to end the day at $23.90. Its shares rebounded in today's pre-market trading,...
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US Stock Futures Up; Economic Data, Earnings In Focus
Wednesday, August 3, 2011 - 5:53am | 495US stock futures are higher this morning, as investors are economic data and earnings from major companies. Futures for the Dow Jones Industrial Average surged 50 points to 11,854.00 and S&P 500 index futures rose 6.30 points to 1,253.60. Nasdaq 100 futures gained 9.00 points to 2,297.25. US...
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US Stock Futures Up; Economic Data, Earnings In Focus
Wednesday, August 3, 2011 - 5:40am | 495US stock futures are higher this morning, as investors are economic data and earnings from major companies. Futures for the Dow Jones Industrial Average surged 50 points to 11,854.00 and S&P 500 index futures rose 6.30 points to 1,253.60. Nasdaq 100 futures gained 9.00 points to 2,297.25. US...
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Stocks To Watch For August 3
Wednesday, August 3, 2011 - 2:13am | 259Some of the stocks that may grab investor focus today are: Wall Street expects Mastercard Incorporated (NYSE: MA) to report its Q2 EPS at $4.22 on revenue of $1.55 billion. Mastercard shares gained 0.27% to $299.30 in after-hours trading. CBS Corp (NYSE: CBS) reported its Q2 profit at $395...
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Con-way Amends and Extends Credit Facility
Tuesday, August 2, 2011 - 3:08pm | 52Con-way Inc. (NYSE: CNW) today announced that it has successfully amended its $325 million revolving credit facility to extend the maturity date by approximately 21 months, from November 2014 to August 2016. The company also negotiated an improved pricing grid that reduces the cost of utilizing...
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Aw Snap, Is Market Gonna Crackle or Pop?
Tuesday, August 2, 2011 - 2:53pm | 1055Cusick's Corner The vote is over. The debt crisis, well at least the missed payment, has past until 2013 and the market is now focused on the data that continues to disappoint. The Spending data is flagging a less than active consumer, a potential signal of a slowing employment market, while...
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Avis Europe plc Shareholders Vote Overwhelmingly to Approve Acquisition by Avis Budget Group
Tuesday, August 2, 2011 - 9:38am | 210Avis Budget Group, Inc. (Nasdaq: CAR) today announced that shareholders of Avis Europe plc have voted overwhelmingly to approve Avis Budget Group's proposed acquisition of Avis Europe. The acquisition is expected to close in early October, subject to regulatory clearances and final court approvals...
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Calls Purchased on Hertz Global Holdings
Tuesday, August 2, 2011 - 9:24am | 111Shares of Hertz Global Holdings (NYSE: HTZ) are lower on the session by 2.01%, currently trading at $13.66. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while...
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Jefferies Reports 2Q Upside For Quality Distribution
Tuesday, August 2, 2011 - 7:27am | 82According to Jefferies, Quality Distribution (NASDAQ: QLTY) reported continuing EPS of $0.23, beating both consensus and the estimate by $0.06 (or 35%). Jefferies said that upside came from cost management/margin improvement. “The company also announced a multi-year fracing-related contract that...
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USA Truck, Inc. Names David B. Hartline COO
Monday, August 1, 2011 - 3:18pm | 36USA Truck, Inc. (NASDAQ: USAK) today announced that David B. Hartline has been named as the Company's Executive Vice President and Chief Operations Officer for Trucking effective immediately.
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Teamsters Call On Dollar Thrifty Board to Redeem Poison Pill
Monday, August 1, 2011 - 9:21am | 288In a July 11, 2011 letter to the Dollar Thrift Group (NYSE: DTG) Board of Directors, International Brotherhood of Teamsters General Secretary-Treasurer C. Thomas Keegel called on the company to redeem its poison pill and follow a sound strategy to maximize shareholder value and advance the...
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Deutsche Bank Reiterates Buy on Old Dominion, Raises PT to $46
Friday, July 29, 2011 - 7:22am | 48Deutsche Bank reiterated its Buy rating on Old Dominion (NASDAQ: ODFL). At the same time, the rating agency raised its price target on the company's stock from $44 to $46. On Thursday, ODFL added 3.63% to its value to finish the day at $36.58.