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Bank of America Reiterates Underperform on Entergy
Monday, June 27, 2011 - 6:05am | 47Bank of America reiterated its Underperform rating on Entergy (NYSE: ETR). At the moment, Bank of America has a price target of $68 placed on the company's stock. On Friday, Entergy lost 0.07% of its value to finish the week at $68.17.
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Merger Arbitrage Mondays – June 27, 2011
Monday, June 27, 2011 - 3:51am | 4824Merger activity decreased last week with two new deals announced and five closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 104 Total Number of Deals...
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Merger Arbitrage Mondays – June 27, 2011
Monday, June 27, 2011 - 3:51am | 4824Merger activity decreased last week with two new deals announced and five closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 104 Total Number of Deals...
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Top 4 Small-Cap Stocks In The Electric Utilities Industry With The Highest Cash
Monday, June 27, 2011 - 12:10am | 138Below are the top small-cap electric utilities stocks on the NYSE and the NASDAQ in terms of cash. Companhia Paranaense de Energia (NYSE: ELP) had $1.45 billion in total cash and $1.22 billion in total debt for the latest quarter. Dynegy Inc (NYSE: DYN) had $404.00 million in total cash and $4.77...
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Mad Money Lightning Round: Cramer Likes National Grid
Monday, June 27, 2011 - 12:05am | 220On CNBC's Mad Money, Jim Cramer said during the Lightning Round that National Grid (NYSE: NGG) is a “high-yielding utility and I want to stick with it." Cramer said that he “likes Macy's (NYSE: M) but the stock has had a big run and the market's been choppy. I'll give it a thumbs up but the market...
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30 Stocks for This Week: Investment and Trading Opportunities
Sunday, June 26, 2011 - 11:10pm | 3116Each week I publish stocks to watch for the upcoming week as potential momentum trades or longer-term investments. The stocks below all have a 50k minimum average daily share volume and traded at a 52-week high on strong volume, with a minimum of two times relative volume on Friday, June 24th. In...
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Southern Union up 15% on Buyout Proposal
Friday, June 24, 2011 - 10:03am | 66Southern Union (NYSE: SUG) is up 15% on a buyout proposal from Williams (NYSE: WMB), which was announced yesterday after the close. Williams proposed to acquire all of the outstanding shares of Southern Union for $39.00 per share in cash, totaling $8.7 billion. Southern Union is currently trading...
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News Summary
Friday, June 24, 2011 - 9:37am | 266Shares of Finish Line Inc (NASDAQ: FINL) fell about 0.7% after the company reported a 20% rise in its FQ1 earnings. The company's earnings came in at $16.4 million, or $0.30 per share, up from $13.6 million, or $0.25 per share, in the year-earlier period. Its revenue climbed 6% to $299 million from...
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UPDATE: Ladenburg Thalmann Initiates Pinnacle West Capital at Neutral
Friday, June 24, 2011 - 9:13am | 104Ladenburg Thalmann is out with its report today on Pinnacle West Capital (NYSE: PNW), initiating PNW at Neutral. In a note to clients, Ladenburg Thalmann writes, "We initiate coverage of PNW with a NEUTRAL rating. Our price target of $45 per share is based on a 2012/2013 target P/E ratio of 13.3/...
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Public Service Enterprise Subsidiary PSEG Power to Sell Odessa for $335M
Friday, June 24, 2011 - 8:46am | 116PSEG Power LLC, a subsidiary of Public Service Enterprise Group (NYSE: PEG) today announced that it has agreed to the sale of its remaining Texas generating asset. The 1,000 MW gas-fired Odessa generating facility in West Texas will be sold, pursuant to an asset purchase agreement, to Odessa Power...
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UPDATE: Wunderlich Initiates Exelon at Buy
Friday, June 24, 2011 - 8:20am | 129Wunderlich is out with its report today on Exelon (NYSE: EXC), initiating EXC at Buy. In a note to clients, Wunderlich writes, "We are initiating coverage of Exelon Corporation with a Buy rating and a $47 price target. The company's proposed merger with Constellation Energy (NYSE: CEG) is likely...
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Benzinga's Top Upgrades
Friday, June 24, 2011 - 8:12am | 142Analysts at Bank of America upgraded Public Storage (NYSE: PSA) from “neutral” to “buy.” PSA's shares closed at $108.77 yesterday. Public Storage's trailing-twelve-month profit margin is 44.82%. Analysts at Credit Suisse upgraded Southern Company (NYSE: SO) from “neutral” to “outperform.” SO's...
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Benzinga's Top Downgrades
Friday, June 24, 2011 - 8:05am | 137Analysts at HSBC Securities downgraded Tiffany & Co (NYSE: TIF) from “overweight” to “neutral.” TIF's shares closed at $76.27 yesterday. Tiffany's PEG ratio is 1.57. Analysts at Societe Generale downgraded American Water Works Company Inc (NYSE: AWK) from “buy” to “hold.” AWK's stock closed at...
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Ladenburg Thalmann Initiates Pinnacle West Capital At Neutral, $45 PT
Friday, June 24, 2011 - 7:55am | 26Ladenburg Thalmann has initiated coverage on Pinnacle West Capital (NYSE: PNW) with a Neutral rating and $45 price target.
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UPDATE: Jefferies Raises PT on Southern Union to $39
Friday, June 24, 2011 - 7:51am | 92Jefferies is out with its report today on Southern Union (NYSE: SUG), raising its PT from $33 to $39. In a note to clients, Jefferies writes, "We value the stock at $39 consistent with Williams all-cash offer for Southern Union. Jefferies believes the $39 offer values the company at a 9.5x EV/...