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UPDATE: KBW Raises PT on Alliance Data Systems to $106
Friday, July 22, 2011 - 8:58am | 82KBW is out with its report today on Alliance Data Systems (NYSE: ADS), raising its PT from $96 to $106. In a note to clients, KBW writes, "Following Alliance Data's 2Q11 earnings announcement, we are maintaining our 2011 Core EPS estimate of $7.35 and raising our 2012 Core EPS estimate to $8.12 (...
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J.P. Morgan Raises Price Target On Alliance Data To $98
Friday, July 22, 2011 - 8:54am | 92According to J.P. Morgan, Alliance Data (NYSE: ADS) reported good 2Q11 results. J.P. Morgan said that the core EPS of $1.75 was nicely ahead of prior guidance ($1.60) and JPM/Street estimates ($1.73/$1.67), but the magnitude of the beat and raise missed bullish expectations (shares underperformed...
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UPDATE: KBW Raises PT on Global Payments to $52
Friday, July 22, 2011 - 8:43am | 86KBW is out with its report today on Global Payments (NYSE: GPN), raising its PT from $47 to $52. In a note to clients, KBW writes, "Following Global Payments' F4Q11 (C2Q11) earnings results, we are raising our F2012 EPS estimate to $3.06 (from $3.03), mainly to reflect stronger top-line growth,...
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JP Morgan Lowers PT On SYNT To $60
Friday, July 22, 2011 - 8:28am | 68JP Morgan has issued a report lowering the Price Target on Syntel (NASDAQ: SYNT) from $64 to $60 a share. According to the report, "We remain OW longer term given the company's attractive revenue growth profile and our view that longer-term margins could stay around 20% (excl. FX), but we're...
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Goldman Sachs Reiterates Neutral On GPN
Friday, July 22, 2011 - 7:48am | 78Goldman Sachs has issued a report reiterating a Neutral Rating on Global Payments Inc (NYSE: GPN). According to the report, "GPN reported better F4Q results, with EPS at $0.76 vs. our $0.73 estimate. In line with GPN's initial FY12 guidance, we trim our FY12-FY13 operating EPS estimates by 6% on...
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JP Morgan Raises PT on Alliance Data To $98
Friday, July 22, 2011 - 6:54am | 27JP Morgan has raised the price target on Alliance Data (NYSE: ADS) from $92 to $98 and maintains its Neutral rating.
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JP Morgan Lowers PT On Syntel To $60
Friday, July 22, 2011 - 6:31am | 26JP Morgan has lowered the price target on Syntel (NASDAQ: SYNT) from $64 to $60 and maintains its Overweight rating.
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Bank of America Raises PO On Global Payments To $58
Friday, July 22, 2011 - 6:17am | 28Bank of America has raised the price objective on Global Payments (NYSE: GPN) from $55 to $58 and maintains its Buy rating.
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ValuEngine Reiterates Sell on Global Cash
Friday, July 22, 2011 - 6:04am | 28ValuEngine reiterated its Sell rating on Global Cash (NYSE: GCA). On Thursday, GCA lost 0.98% of its value to stand around $3.02.
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Morgan Keegan Raises Alliance Data Systems PT, Maintains Outperform
Thursday, July 21, 2011 - 4:47pm | 102Morgan Keegan raised its Alliance Data Systems (NYSE: ADS) price target from $105 to $115 and maintained its Alliance Outperform/Speculative Risk rating in a research report published today. In the report, Morgan Keegan states, "Company reported Q2 revenues of $740 million (above our estimate of $...
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JP Morgan Maintains Overweight on WU
Thursday, July 21, 2011 - 9:00am | 62JP Morgan has issued a report reiterating an Overweight Rating on Western Union (NYSE: WU). According to the report, "Longer term, we remain OW given valuation and expected market share gains in the core money transfer industry and increasing contribution from emerging channels." WU has a $24...
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UPDATE: Oppenheimer Raising Its Price Target On Mastercard
Thursday, July 21, 2011 - 8:49am | 184Oppenheimer & Co. is out with a research report on Mastercard (NYSE: MA) and is reiterating its Outperform rating and is raising its price target to $345 from $315. In a note to clients, Oppenheimer & Co. writes, "We reiterate our Outperform ratings on Visa and MasterCard, moderately raise...
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UPDATE: Oppenheimer Raising Its Price Target On Visa
Thursday, July 21, 2011 - 8:47am | 185Oppenheimer & Co. is out with a research report on Visa (NYSE: V) and is raising its price target to $110 from $100, and it is reiterating its Outperform rating. In a note to clients, Oppenheimer & Co. writes, "We reiterate our Outperform ratings on Visa and MasterCard, moderately raise...
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ArcelorMittal and CSC Sign Infrastructure Managed Services Agreement in Europe
Thursday, July 21, 2011 - 8:09am | 118CSC (NYSE: CSC) announced today that it has signed a contract with ArcelorMittal (NYSE: MT) to provide information technology infrastructure managed services. The agreement provides the framework for common and country-specific agreements by the local entities of each party, and will become...
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Stocks to Watch for Thursday 7/21/2011: Fresh 52 Week Highs and Lows
Thursday, July 21, 2011 - 5:36am | 2699Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...