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Syntel Up 6.1% After Hitting 52-Week High (SYNT)
Friday, January 7, 2011 - 2:30pm | 119Shares of Syntel, Inc. (Nasdaq: SYNT) are currently up 6.1% at $53.61 per share during Friday afternoon trading. Today's trading range for shares of Syntel, Inc has been between $53.00 and a 52-week high of $55.67 per share. The consensus price target of analysts covering the company's stock is $54...
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MasterCard Gains Wukesong Rights - Analyst Blog
Friday, January 7, 2011 - 2:03pm | 523In an effort to expand its international business, MasterCard Inc. (MA) has obtained the naming rights of Wukesong Arena in Beijing for a five-year period. Though the financial terms of the deal were not disclosed, it was decided that the arena will be re-named the MasterCard Center or Wanshida...
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MasterCard Gains Wukesong Rights - Analyst Blog
Friday, January 7, 2011 - 1:44pm | 523In an effort to expand its international business, MasterCard Inc. (MA) has obtained the naming rights of Wukesong Arena in Beijing for a five-year period. Though the financial terms of the deal were not disclosed, it was decided that the arena will be re-named the MasterCard Center or Wanshida...
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Visa Under Pressure
Friday, January 7, 2011 - 11:57am | 76Visa Inc.(NYSE: V) is trading slightly lower today by 0.60 cents to $72.53. The stock has been under pressure December 16, 2010 when the Federal Reserve Bank changed the rules regarding debit card fees. The stock will have some minor intra-day support around the $72.55 level. Should Visa decline...
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Unemployment Rate Drops to 9.4 Percent – Market Update
Friday, January 7, 2011 - 11:23am | 249December's Nonfarm Payroll number did not quite live up to expectations at +103,000. Expectations were for a +150,000 increase after a strong Automatic Data Processing (ADP) number earlier this week. The unemployment rate dropped from 9.8 percent to 9.4 percent, but it appears this is due to a...
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Stock Market News for Jan 7, 2011 - Market News
Friday, January 7, 2011 - 10:33am | 1234On Thursday, markets shed their winning streak to fall marginally lower. Figures of Retailer's sales during the holiday shopping season were disappointing enough to take the indices down. Moreover, weak data about unemployment added to the jitteriness of investors. The Dow Jones Industrial...
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RBC Capital Increases Price Target on Valeant Pharmaceuticals, TJX, Ross Stores, Quanta Services, Pioneer Natural Resources, Global Payment, General Cable (VRX, TJX, ROST, PWR, PXD, GPN, BGC)
Friday, January 7, 2011 - 10:13am | 108RBC Capital increases its price target on the following companies: Valeant Pharmaceuticals (NYSE: VRX) from $34 to $41. TJX (NYSE: TJX) from $50 to $52. Ross Stores (NASDAQ: ROST) from $62 to $64. Quanta Services (NYSE: PWR) from $22 to $25. Pioneer Natural Resources (NYSE: PXD) from $89 to $98....
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Stock Market News for Jan 7, 2011 - Market News
Friday, January 7, 2011 - 10:06am | 1234On Thursday, markets shed their winning streak to fall marginally lower. Figures of Retailer's sales during the holiday shopping season were disappointing enough to take the indices down. Moreover, weak data about unemployment added to the jitteriness of investors. The Dow Jones Industrial...
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Paychex Declares Quarterly Dividend of $.31
Friday, January 7, 2011 - 9:49am | 33Today the Board of Directors of Paychex, Inc. (NASDAQ: PAYX) declared a regular quarterly dividend of $.31 per share payable February 15, 2011 to shareholders of record February 1, 2011.
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KBW Increases GPN Estimates
Friday, January 7, 2011 - 9:47am | 54Following Global Payments Inc.'s (NYSE: GPN) F2Q11 (C4Q10) earnings results, KBW said that it is modestly increasing its F2011 and F2012 EPS estimates to $2.73 (from $2.70) and $3.03 (from $3.00), respectively. “However, we are maintaining our price target of $47 and our Market Perform rating,” KBW...
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Benzinga's Top Upgrades (JWN, FTR, FISV, GT)
Friday, January 7, 2011 - 9:35am | 133Nordstrom Inc (NYSE: JWN) was upgraded by Morgan Stanley from "equal weight" to "overweight." JWN's shares closed at $42.94 yesterday. Nordstrom's trailing-twelve-month ROE is 33.51%. Wells Fargo upgrade Frontier Communications Corporation (NYSE: FTR) from "market perform" to "outperform." FTR's...
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Deutsche Bank Upgrades SYNT To Buy; PT Goes To $57
Friday, January 7, 2011 - 9:32am | 27Deutsche Bank is upgrading Syntel, Inc. (NASDAQ: SYNT) to Buy from Hold, and is raising its PT to $57 from $50.
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Oppenheimer Upgrading Fiserv (FISV)
Friday, January 7, 2011 - 8:35am | 184Oppenheimer & Co. is upgrading shares of Fiserv, Inc. (NASDAQ: FISV) to Outperform and put a $72 price target on shares. In a note sent to clients, Oppenheimer writes, "Fundamental trends for Fin-tech providers improved in CY10 and, recovering from depressed valuation levels, the group...
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MoneyGram Lags with Debt Burden - Analyst Blog
Thursday, January 6, 2011 - 5:03pm | 806Yesterday, we restated our recommendation on MoneyGram International Inc. (MGI) at Neutral. The company's third quarter loss missed the Zacks Consensus Estimate by a penny. This was primarily attributable to a negative top-line growth based on lower revenue per transaction and shrunken...
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Global Payments Reports Second Quarter Revenue of $443.5M
Thursday, January 6, 2011 - 5:02pm | 95Global Payments Inc. (NYSE: GPN) today announced results for its fiscal second quarter ended November 30, 2010. For the second quarter, revenues grew 8% to $443.5 million compared to $409.0 million in the prior fiscal year. Normalized diluted earnings per share from continuing operations for the...