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Stifel Nicolaus Maintains Buy on Visa
Thursday, July 7, 2011 - 9:21am | 101Stifel Nicolaus is out with its report today on Visa (NYSE: V), maintaining Buy. In a note to clients, Stifel Nicolaus writes, "Combined with mgmt's mitigation efforts (will be implemented in 2H11), we believe it is highly likely that Visa will exceed its 2012 guidance. As a result, we are leaving...
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KBW Updates on Card Issuing 7/7
Thursday, July 7, 2011 - 9:00am | 401KBW provided a number of updates on card issuing in a research report published today. Alliance Data Systems (NYSE: ADS) had its rating maintained at Market Perform. At the same time, its price target was left unchanged at $96. On Wednesday, ADS closed the day at $96.03. American Express (NYSE:...
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Goldman Sachs Reiterates Bullish View On Visa
Thursday, July 7, 2011 - 8:40am | 145Goldman Sachs is reiterating its bullish view on Visa (NYSE: V). It has a Buy rating and a $97 price target on shares. In the research note, Goldman Sachs writes, "We reiterate our bullish view on V shares. We expect that the combination of a strong growth profile and a further valuation reset to...
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Upgrades Downgrades - Stocks to Watch
Thursday, July 7, 2011 - 8:29am | 290Visa Inc. (V) Visa price target raised to $102 from $92 at Susquehanna Visa target raised to $102 from $95 at Jefferies OCZ Technology Group Inc. (OCZ) Beat Slightly with a wide range. Fraud allegations were hanging over the stock so there may be a short covering squeeze as well Netflix, Inc (...
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UPDATE: U.S. Private-Sector Employment Increased by 157K Jobs in June, According to ADP National Employment Report
Thursday, July 7, 2011 - 8:16am | 146Private-sector employment increased by 157,000 from May to June on a seasonally adjusted basis, according to the latest Automatic Data Processing, Inc. (NYSE: ADP) released today. The ADP National Employment Report, created by Automatic Data Processing, Inc., in partnership with Macroeconomic...
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UPDATE: J.P. Morgan Raises PT on Visa to $101
Thursday, July 7, 2011 - 7:51am | 123J.P. Morgan is out with its report today on Visa (NYSE: V), raising its PT from $89 to $101. In a note to clients, J.P. Morgan writes, "We are increasing our Dec 2011 price target to $101 (from $89), which applies a 17 multiple (up from 15x) to our new CY12E EPS of $5.95. We note our target...
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Goldman Sachs Reiterates Bullish View on Visa
Thursday, July 7, 2011 - 7:25am | 125“We reiterate our bullish view on V shares,” Goldman Sachs wrote in a report focusing on Visa (NYSE: V). “We expect that the combination of a strong growth profile and a further valuation reset to more closely reflect its long-term growth of 17% (vs. CY2012 P/E of 14.4X our EPS estimate of $6.11)...
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JP Morgan Raises PT On Visa To $101
Thursday, July 7, 2011 - 7:20am | 26JP Morgan has raised the price target on Visa (NYSE: V) from $89 to $101 and maintains its Overweight rating.
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Piper Jaffray Reiterates Overweight on Visa
Thursday, July 7, 2011 - 7:14am | 85Piper Jaffray is out with its report today on Visa (NYSE: V), reiterating Overweight. In a note to clients, Piper Jaffray writes, "Reiterate Overweight and $107 price target (18x CY12E EPS of $5.93). We believe the visibility of earnings growth has improved, which should drive up the multiples...
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US Stock Futures Up; All Eyes On Employment Data, Retailers, ECB
Thursday, July 7, 2011 - 6:19am | 353US stock futures are higher this morning, as investors are awaiting same-store sales from retailers, employment data and an interest-rate decision from the ECB. Futures on the Dow Jones Industrial Average surged 30 points to 12,599.00 and futures on the S&P 500 stock index rose 4.00 points to 1...
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Top 4 Small-Cap Stocks In The Credit Services Industry With The Lowest PEG Ratio
Thursday, July 7, 2011 - 12:30am | 123Below are the top small-cap credit services stocks on the NYSE and the NASDAQ in terms of PEG ratio First Marblehead Corporation (NYSE: FMD) has a PEG ratio of 0.02. FMD's trailing-twelve-month revenue is $274.52 million. Nelnet Inc (NYSE: NNI) has a PEG ratio of 0.27. NNI's trailing-twelve-month...
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Stocks To Watch For July 7
Thursday, July 7, 2011 - 12:28am | 259Some of the stocks that may grab investor focus today are: Wall Street expects WD-40 Company (NASDAQ: WDFC) to report its FQ3 EPS at $0.53 on revenue of $87.55 million. WDFC shares gained 0.89% to close at $40.85 yesterday. Zumiez Inc (NASDAQ: ZUMZ) reported a 9.8% rise in its June sales at...
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Lender Processing Services CEO Resigns Due to Health Concerns
Wednesday, July 6, 2011 - 4:30pm | 42Lender Processing Services, Inc. (NYSE: LPS) today announced that Jeffrey S. Carbiener is stepping down from his positions as chief executive officer, president and director of the company for significant health-related reasons, effective immediately.
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ADP Teams With Hall of Fame Golfer Annika Sorenstam for Three-Year Marketing Partnership
Wednesday, July 6, 2011 - 10:20am | 67ADP (NYSE: ADP) and Hall of Fame golfer Annika Sorenstam today announced a three-year marketing agreement in which Annika will participate in ADP sales and customer events around the world. As part of the multi-year agreement, Annika will work with the ADP sales teams and participate in special...
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Jefferies Maintains Buy on Western Union
Wednesday, July 6, 2011 - 9:46am | 110Jefferies is out with its report today on Western Union (NYSE: WU), maintaining Buy. In a note to clients, Jefferies writes, "Earlier, WU announced its planned acquisition of Travelex's Global Business Payments division for £606M ($970M) in cash. We believe the acquisition may prove positive in...