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Piper Jaffray And Guggenheim Initiate Coverage On Neothetics
Monday, December 15, 2014 - 2:26pm | 591Read More...Neothetics Inc (NASDAQ: NEOT), previously known as Lithera, is a pharmaceutical company that specializes in weight loss drugs. The company announced its initial public offering on November 19 with about 4.6 million shares of common stock for $14 per share. This offer closed on December 1; ...
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Costco Analyst Roundup
Wednesday, December 10, 2014 - 3:52pm | 381Read More...Costco Wholesale Corporation (NASDAQ: COST) reported a better-than-expected profit for the first quarter. The stock had a mixed reaction Wednesday and recently traded at $140.03, down 2 percent. Below are highlights from analysts following the earnings release. Deutsche Bank - Buy, $147...
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Guggenheim Upgrades Oil Exploration And Production Stocks
Wednesday, July 2, 2014 - 2:50pm | 111Read More...In a note released Wednesday, Guggenheim analyst Michael LaMotte upgraded a number of stocks involved in the exploration and production of petroleum from Sell to Buy. The companies that received an upgrade by the firm are Baker Hughes (NYSE: BHI), Helmerich & Payne (NYSE: HP) and Patterson-...
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Pinpointing Fixed-Income Duration Using ETFs
Thursday, May 15, 2014 - 9:55am | 473Read More...Investing in fixed-income using ETFs has evolved to include many sophisticated strategies. Investors can now choose among a variety of duration, sector, credit and global options. In addition, ETF providers are now focusing their efforts on target maturity funds to mimic the defined maturity...
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Market Wrap For February 14: Markets End The Week Positive
Friday, February 14, 2014 - 5:50pm | 2701Read More...U.S. stocks rose on Friday as investors were able to overlook some disappointing economic data as a result of cold weather. Major indices showed signs of strength today as the Nasdaq continues to inch towards historical all time highs of 5,135.52 recorded on March 10,2000. Today, the index hit...
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Market Wrap For February 3: Bears In Complete and Absolute Control
Monday, February 3, 2014 - 5:45pm | 2594Read More...U.S. stocks continued its losses on an accelerated basis on Monday. Investors are in clear panic mode following a report that U.S manufacturing activity expanded at a slower pace in January. The Dow plunged more than 300 points while the S&P 500 and Nasdaq both fell more than two percent as...
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US Stock Futures Flat Ahead Of Economic Data
Monday, February 3, 2014 - 8:18am | 446Read More...Pre-open movers US stock futures traded mostly flat in early pre-market trade, ahead of economic data. Data on motor vehicle sales for January will be released today, while the Markit PMI manufacturing index (final) for January will be released at 8:58 a.m. ET. The ISM manufacturing composite...
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US Stock Futures Edge Higher Ahead of Home Sales Report
Monday, December 30, 2013 - 8:16am | 438Read More...Pre-open movers US stock futures gained in early pre-market trade. The NAR's pending home sales index for November will be released at 10:00 a.m. ET, while the Dallas Fed general business activity index for December will be released at 10:30 a.m. ET. Futures for the Dow Jones Industrial Average...
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UPDATE: Guggenheim Lowers PT on SuperValu From $7 to $4
Thursday, July 12, 2012 - 8:44am | 76Read More...Guggenheim maintained a Neutral rating on SuperValu (NYSE: SVU) and lowered its price target from $7 to $4. Guggenheim remarked, “Since Craig Herkert's arrival as CEO in 2009, his mantra has been that SVU would approach its turnaround gradually, choosing to protect near-term profits. That has...
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Benzinga's Upgrade Summary for June 27, 2012
Wednesday, June 27, 2012 - 1:40pm | 386Read More...Listed below are today's Top Upgrades covered by Benzinga: Jefferies & Company Upgrades Riverbed Technology (NASDAQ: RVBD) to Hold: Jefferies notes, "We still believe the WAN Optimization market is maturing – an ongoing structural negative for the business. Nonetheless, the shares have traded...
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UPDATE: Guggenheim Upgrades Leap Wireless International to Buy; Strategy Trumps Seasonality
Wednesday, June 27, 2012 - 7:48am | 103Read More...Guggenheim raises its rating on Leap Wireless International (NASDAQ: LEAP) from Neutral to Buy and increases its price target from $8.50 to $10. Guggenheim says, "We downgraded Leap following its 1Q12 earnings report, when management indicated a shift in strategy that seemed contradictory to our...
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Guggenheim Maintains Buy on Rite Aid
Tuesday, June 19, 2012 - 9:08am | 81Read More...Guggenheim reiterates a Buy rating on Rite Aid (NYSE: RAD) and a price target of $2.25. Guggenheim notes, “In our view, the fundamental story is as intact today at $1.20 as it was three months ago at $2.00—RAD's EBITDA growth is in the midst of a 12-18 month Wellness+, generic wave, and WAG...
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Walgreens Announces Groundbreaking Deal with Alliance Boots
Tuesday, June 19, 2012 - 8:19am | 523Read More...Along with pharmacy company Walgreen's (NYSE: WAG) Tuesday morning announcement of its largest quarterly dividend in history, the drug store chain continued to share good news with investors and analysts. Walgreens and privately held pharmacy health and beauty group Alliance Boots have entered into...
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UPDATE: Guggenheim Reduces PT to $13.50 on New York Community Bancorp on EPS Risks
Wednesday, June 13, 2012 - 7:49am | 110Read More...Guggenheim reiterates its Neutral rating on New York Community Bancorp (NYSE: NYB) and reduces its price target from $13.50 to $13 on lower estimates. Guggenheim notes, "NYB's earnings contribution from prepayment penalties and mortgage banking have contributed $0.04-0.07 per share in each of the...
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UPDATE: Guggenheim Reiterates Neutral on General Motors Post Pension Plan Restructuring Plans
Tuesday, June 5, 2012 - 7:36am | 121Read More...Guggenheim maintains its Neutral rating on General Motors (NYSE: GM) following the company's restructuring plans for its pension obligations. Guggenheim says, "GM announced details regarding the restructuring of its U.S. salaried pension plans in an effort to appropriately size its pension...
