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J.P. Morgan Upgrading Genpact
Wednesday, June 8, 2011 - 7:40am | 153J.P. Morgan is upgrading shares of Genpact (NYSE: G) to Neutral from Underweight, and is raising its price target to $17 from $16. In a note to clients, J.P. Morgan writes, "Yesterday, Genpact hosted an investor conference and the vibe was quite positive, convincing us that certain risks driving...
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A Peek Into The Market Before The Trading Starts
Wednesday, June 8, 2011 - 7:39am | 381Pre-open movers US stock futures are lower this morning after Federal Reserve Chairman Ben Bernanke's speech. Investors are awaiting the Fed's recent summary of regional conditions. Futures on the Dow Jones Industrial Average dropped 53 points to 12,019.00 and futures on the S&P 500 stock index...
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US Stock Futures Signal Lower Start On Wall Street
Wednesday, June 8, 2011 - 6:17am | 494US stock futures are lower this morning after Federal Reserve Chairman Ben Bernanke's speech. Investors are awaiting the Fed's recent summary of regional conditions. Futures on the Dow Jones Industrial Average dropped 32 points to 12,040.00 and futures on the S&P 500 stock index fell 3.90...
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JP Morgan Upgrades Genpact To Neutral, Raises PT To $17
Wednesday, June 8, 2011 - 6:05am | 27JP Morgan has upgraded Gencpact (NYSE: G) from Underweight to Neutral and has raised the price target from $16 to $17.
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Stocks To Watch For June 8
Wednesday, June 8, 2011 - 1:03am | 280Some of the stocks that may grab investor focus today are: Wall Street expects Men's Wearhouse Inc (NYSE: MW) to report its Q1 EPS at $0.49 on revenue of $577.28 million. MW shares gained 0.13% to $30.85 in after-hours trading. Hovnanian Enterprises Inc (NYSE: HOV) reported its second-quarter...
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Long MGI, ZLC & SONE Today
Tuesday, June 7, 2011 - 2:24pm | 116I've closed out Radnet (RDNT) at $4.36 today off of a bounce of the 50-day moving average for a 4.3% gain, and have also added MoneyGram Int'l (MGI) at 3.81, S1 Corp (SONE) at $7.45, and Zales (ZLC) at $6.54. So far so good, though I just got into the MGI trade. All of the remaining three trades...
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What's Hot On TheStreet
Monday, June 6, 2011 - 2:20pm | 303Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 5 Ways Your Job Costs You, And How to Save Holding a full-time job is the only way most can earn a paycheck and make ends meet. The catch is that the very act of working is costing you in ways that go far beyond...
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Fiserv Announces Public Offering of Senior Notes; $1.0 Billion Aggregate Principal Amount Of 6.125% Senior Notes Due 2012
Monday, June 6, 2011 - 9:16am | 98Fiserv, Inc. (NASDAQ: FISV) announced today that it had commenced a public offering of its senior notes, subject to market and other conditions. Fiserv intends to use the net proceeds of the offering to fund a tender offer for any and all of its $1.0 billion aggregate principal amount of 6.125%...
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CSC Acquires Brazilian IT Services Firm VIXIA
Monday, June 6, 2011 - 8:00am | 181CSC (NYSE: CSC) today announced it has acquired VIXIA Consultoria e Tecnologia Ltda., a São Paulo-based IT services firm focused on providing core operational software, business consulting and systems integration services to leading insurance, reinsurance and financial institutions in Brazil. The...
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Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Computer Sciences Corporation
Friday, June 3, 2011 - 5:16pm | 180Robbins Geller Rudman & Dowd LLP today announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Eastern District of Virginia on behalf of purchasers of Computer Sciences Corporation (NYSE: CSC) common stock during the...
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Puts Purchased on Paychex, Inc.
Friday, June 3, 2011 - 12:36pm | 120Shares of Paychex, Inc. (NASDAQ: PAYX) are lower on the session by 1.50%, currently trading at $30.76. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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News Summary for June 3, 2011
Friday, June 3, 2011 - 8:55am | 334This is your Benzinga news summary and trader's outlook for Friday, June 3, 2011, covering headlines from last night and Friday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are showing losses after disappointing employment data was announced at 8:30 a.m. ET. Non-...
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Citi Reiterates Buy on Fiserv
Friday, June 3, 2011 - 8:51am | 129Citi is out with its report today on Fiserv (NASDAQ: FISV), reiterating Buy. In a note to clients, Citi writes, "We reiterate our Buy (1M) rating and $75 target price for FISV (15X 2012E EPS). We believe FISV is well-placed to have a solid 2H-2011 performance, with revenue growth and EPS safely in...
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BGB Securities Raises PT On Convergys To $19
Friday, June 3, 2011 - 8:45am | 27BGB Securities has raised the price target on Convergys Corporation (NYSE: CVG) from $18 to $19 and maintains its Buy rating.
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Goldman Sachs Reports Convergys Deal With AT&T
Friday, June 3, 2011 - 7:49am | 166According to Goldman Sachs, Convergys (NYSE: CVG) announced that it will sell its holdings in Cincinnati SMSA and Cincinnati SMSA Tower Holdings (“cellular partnerships”) to AT&T for approximately $320 mn in cash ($250 mn net of tax). Goldman Sachs said that the company noted that the sale...