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Earnings Preview: Amgen (AMGN, BIIB, DNDN)
Wednesday, April 20, 2011 - 2:16pm | 158Amgen (NASDAQ: AMGN) is set to report earnings tonight after the bell. Wall Street analysts are looking for earnings of $1.29 per share, up 11 cents per share from last year. Revenue is expected to rise to $3.50 billion for this quarter. At last check, shares of Amgen were up 77 cents to $55.95,...
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Earnings Preview: American Express (AXP)
Wednesday, April 20, 2011 - 2:00pm | 199American Express Company (NYSE: AXP) is set to report earnings tonight after the bell. Wall Street analysts are looking for earnings of 93 cents per share, up 20 cents per share from last year. Revenue is expected to rise to $6.98 billion for this quarter, up from $6.61 billion last year. At last...
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Benzinga's Top Upgrades (SAFM, SUG, INTC, NE)
Wednesday, April 20, 2011 - 8:29am | 137Sanderson Farms Inc (NASDAQ: SAFM) was upgraded by Jefferies from "hold" to "buy." SAFM's shares closed at $45.09 yesterday. Sanderson Farms' trailing-twelve-month revenue is $1.93 billion. Wells Fargo upgraded Southern Union Company (NYSE: SUG) from “market perform” to “outperform.” SUG's shares...
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Deutsche Bank Reiterates Buy on American Electric Power (AEP)
Wednesday, April 20, 2011 - 7:26am | 110Deutsche Bank is out with its report today on American Electric Power (NYSE: AEP), reiterating Buy. In a note to clients, Deutsche Bank writes, "We believe investor focus remains on the Ohio Electric Security Plan, which we expect the Public Utilities Commission of Ohio to issue a decision on...
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Jefferies Raises PT On OGE To $57
Wednesday, April 20, 2011 - 7:22am | 121Jefferies has raised its price target on OGE Energy Corp. (NYSE: OGE) from $53 to $57 based upon the strength of oil prices. Says Jefferies, in its report, “The principal driver for the increase in estimates is the strength of oil prices. Our previous estimates assumed oil prices between $90-95/...
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Wunderlich Continues To Buy NRG, Maintains $24 PT
Wednesday, April 20, 2011 - 7:21am | 126NRG Energy (NYSE: NRG) announced yesterday its intention to write down its investment in new nuclear development in Texas, “and not invest any additional capital in the effort,” Wunderlich Securities reports. “The decision will cause NRG to incur a pretax writedown of $481 million against first...
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Goldman Downgrades WEC To Neutral
Wednesday, April 20, 2011 - 6:45am | 40Analysts at Goldman downgrade Wisconsin Energy Corporation (NYSE: WEC) from “buy” to “neutral.” WEC shares rose 0.27% to close at $29.70 yesterday. More Analyst Ratings here
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Goldman Downs WR To Sell
Wednesday, April 20, 2011 - 6:44am | 40Analysts at Goldman downgrade Westar Energy Inc (NYSE: WR) from “neutral” to “sell.” WR shares gained 0.15% to close at $25.89 yesterday. More Analyst Ratings here
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Jefferies Raises PT ON OGE Energy To $57
Wednesday, April 20, 2011 - 6:29am | 28Jefferies & Company has raised the price target on OGE Energy Corporation (NYSE: OGE) from $53 to $57 and maintains its Buy rating.
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CEOWORLD Daily Business Roundup- IBM, INTC, AAPL, VMW, MMI, RIMM, NDAQ, AES, DPL, NRG, TM, S, GE…
Wednesday, April 20, 2011 - 6:00am | 1439Hardware Earnings- Data Center Group revenue at Intel (INTC) rose 32% in the last quarter, wheeras revenue from sales of IBM's (IBM) System z mainframe server products rose 41% last quarter. IBM (IBM) has reported a 10 per cent rise in net income to $ 2.86 billion in the January—March quarter of...
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Supreme Court Has Signaled a Rejection of the Climate Related Suits -Bloomberg (AEP)
Tuesday, April 19, 2011 - 2:17pm | 53The U.S. Supreme Court signaled that it will throw out a lawsuit said Bloomberg. The lawsuit was an attempt to force several companies including American Electric Power (NYSE: AEP) to decrease their emissions of the gases that make a negative contribution to the climate.
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Puts Purchased on Constellation Energy Group (CEG)
Tuesday, April 19, 2011 - 1:46pm | 138Shares of Constellation Energy Group (NYSE: CEG) are higher on the session by 0.21%, currently trading at $32.95. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...
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West Virginia American Water Granted 4.4% Rate Increase by Public Service Commission
Tuesday, April 19, 2011 - 11:59am | 89The Public Service Commission of West Virginia approved new rates yesterday for West Virginia American Water customers, reaching a decision on a rate increase request the company filed in June 2010. The new rates, which were granted at a 4.445 percent increase, took effect today. The decision...
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Wunderlich Securities Maintains Wisconsin Energy Hold (WEC)
Tuesday, April 19, 2011 - 11:47am | 88Wunderlich Securities maintained its Wisconsin Energy (NYSE: WEC) Hold rating and $30 price target in a research report published today. In the report, Wunderlich Securities states, "We continue to have a Hold rating on the stock. Earnings in the quarter should be positively impacted by the new...
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Jefferies Maintains Buy on Entergy (ETR)
Tuesday, April 19, 2011 - 8:40am | 70Jefferies is out with its report today on Entergy (NYSE: ETR), maintaining Buy. In a note to clients, Jefferies writes, "We believe that Entergy's shares are attractive based on our sum-of-the-parts valuation, including P/E for the regulated utility subsidiaries and open EV/EBITDA for the company'...