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Financial Breakfast for August 22, 2011
Monday, August 22, 2011 - 6:46am | 672This is your Benzinga news summary and traders' outlook for Monday, August 22, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. Also, the price of gold hit a new record high, as investors around...
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Bank of America Downgrades Intrepid Potash To Neutral, Lowers PO To $35
Monday, August 22, 2011 - 5:35am | 29Bank of America has downgraded Intrepid Potash (NYSE: IPI) from Buy to Neutral and has lowered the price objective from $42 to $35.
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Bank of America Downgrades Agrium To Underperform, Lowers PO To $90
Monday, August 22, 2011 - 5:33am | 28Bank of America has downgraded Agrium (NYSE: AGU) from Neutral to Underperform and has lowered the price objective from $99 to $90.
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Court Vacates EPA Stop Sale Order on Amvac's PCNB
Friday, August 19, 2011 - 8:01am | 88American Vanguard Corporation (NYSE: AVD) today announced that the Chief Judge for the United States District Court for the District of Columbia has granted the Company's motion for summary judgment and vacated the Stop Sale, Use or Removal Order that had been issued in August 2010 by the United...
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Why There Will Be No QE3
Thursday, August 18, 2011 - 10:07am | 803Millions of investors, traders and money managers are pinning their hopes on one phrase. Trillions upon trillions of dollars are at stake here. Sorry to disappoint. There will be no QE3. Not on August 26th, anyway. This morning we got July Consumer Price Index (CPI), and it was extremely hot...
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CF Industries Bursts Through Resistance
Wednesday, August 17, 2011 - 2:18pm | 125Shares of CF Industries (NYSE: CF) are trading higher on the session by 2.93%, at $172.73. The stock was battling with the $169.99 resistance level for much of the day, but has firmly broke and held above the level within the past two hours. CF Industries has also managed to push to a fresh 52-...
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Deere In Headlights Or Running Along?
Wednesday, August 17, 2011 - 11:19am | 721Deere & Co (NYSE: DE) reported a 15% rise in its quarterly profit earlier this morning, yet shares are down today, off less than 1%. The company reported third quarter earnings of $1.69 per share on $8.37 billion. Wall Street had been expecting earnings of $1.67 per share on $7.50 per billion...
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Benzinga's Top Downgrades
Wednesday, August 17, 2011 - 6:49am | 128Andatee China Marine Fuel Services Corporation (NASDAQ: AMCF) was downgraded by Rodman & Renshaw from "market outperform" to "market perform." AMCF's shares closed at $1.50 yesterday. AMCF's trailing-twelve-month profit margin is 4.77%. Sterne Agee downgraded Blue Coat Systems Inc (NASDAQ:...
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News Summary for August 17, 2011
Wednesday, August 17, 2011 - 6:48am | 595This is your Benzinga news summary and traders' outlook for Wednesday, August 17, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher. At last check, Dow futures are up about 40 points and the U.S...
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UPDATE: J.P. Morgan Downgrades Agrium to Neutral
Wednesday, August 17, 2011 - 6:44am | 101J.P. Morgan is out with its report today on Agrium (NYSE: AGU), downgrading AGU to Neutral from Overweight. In its report, J.P. Morgan writes, "We are lowering our investment rating for Agrium shares from Overweight to Neutral. We recognize that the fertilizer fundamentals are strong due to high...
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JP Morgan Downgrades Agrium To Neutral, Lowers PT To $89
Wednesday, August 17, 2011 - 5:40am | 27JP Morgan has downgraded Agrium (NYSE: AGU) from Overweight to Neutral and has lowered the price target from $105 to $89.
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Stocks Hitting 52-Week Highs
Monday, August 15, 2011 - 9:18am | 158Motorola Mobility Holdings Inc (NYSE: MMI) shares rose 57.13% to create a new 52-week high of $38.45. Google Inc (NASDAQ: GOOG) announced its plans to buy Motorola Mobility for $12.5 billion in cash. Micronetics Inc (NASDAQ: NOIZ) shares gained 2.74% to create a new 52-week high of $6.37. NOIZ...
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CF Industries and Petrohawk Energy to Open Near 52-Week Highs
Friday, August 12, 2011 - 8:04am | 521As the markets surged again yesterday, CF Industries Holdings (NYSE: CF) and Petrohawk Energy (NYSE: HK) reached new 52-week highs of $166.35 and $38.44 per share, respectively. CF Industries saw some analysts raise their price targets on the stock following the recent second-quarter earnings...
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UPDATE: J.P. Morgan Downgrades CF Industries Holdings to Neutral
Friday, August 12, 2011 - 6:39am | 110J.P. Morgan is out with its report today on CF Industries Holdings (NYSE: CF), downgrading CF to Neutral from Overweight. In its report, J.P. Morgan writes, "We lowered our investment rating for CF Industries from Overweight to Neutral. We believe that there is likely to be more risk in owning...
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Jefferies Downgrades CF Industries To Neutral, $170 PT
Friday, August 12, 2011 - 5:17am | 25Jefferies & Company has downgraded CF Industries (NYSE: CF) from Overweight to Neutral and maintains its $170 price target.