| Today |
| 09:53 AM |
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Citigroup Raises Price Target, Estimates on TJX Companies (TJX)
Due to a renewed conviction in eCommerce and inventory availability, analysts at Citigroup raised the price target and earnings estimates on The TJX Companies, Inc (TJX) on Thursday. The analysts now see shares of TJX reaching $60, which suggests a 19% upside to Wednesday’s closing price of $50.23. The TJX Companies shares were down 10 [...]
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| 09:45 AM |
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UBS Cuts Price Target, Estimates on Target (TGT)
Citing the higher-than-expected cost of rolling out Canadian store locations, UBS analysts lowered the price target and earnings estimates on discount retailer Target Corporation (TGT) on Thursday. The analysts now see shares of TGT reaching $73. This price target suggests a 7% upside to Wednesday’s closing price of $68.40. Target shares were down 40 cents, [...]
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| 09:43 AM |
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Two Firms Raise Price Targets on Boeing (BA)
Bank of America/Merrill Lynch and Citigroup reported on Thursday that they have increased their price targets on aerospace giant The Boeing Company (BA). BofA boosts target Bank of America/Merrill Lynch reported that it has increased its price target on BA to $120. This price target suggests a 19% upside to the stock’s current price of [...]
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| 09:38 AM |
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Deutsche Bank Upgrades Seagate Technology to “Buy” (STX)
Analysts at Deutsche Bank upgraded Seagate Technology plc (STX) on Thursday, as they expect better unit growth and sales mix from the maker of data storage products. The analysts upgraded STX from “Hold” to “Buy” and now see shares reaching $46. This price target suggests a 9% upside to Wednesday’s closing price of $42.17. Seagate [...]
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| 09:35 AM |
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Keybanc Upgrades Republic Services to a “Buy” (RSG)
Analysts at Keybanc on Thursday upgraded non-hazardous solid waste services provider Republic Services, Inc. (RSG) to a “Buy.” The firm has upgraded RSG from a “Hold” to a “Buy,” and has given the company a $41 price target. This price target suggests a 15% increase from the stock’s current price of $34.73. Analysts have raised [...]
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| 09:30 AM |
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Bank of America, Morgan Stanley Upgrade Starwood Hotels (HOT)
Analysts at Bank of America Merrill Lynch and Morgan Stanley upgraded Starwood Hotels & Resorts Worldwide, Inc (HOT) on Thursday. Bank of America upgraded HOT to “Buy,” as they see the hotel operator as the best positioned in the US market. The analysts gave HOT as $84 price target, which suggests a 24% upside to [...]
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| 09:22 AM |
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Hormel Earnings Drop; Misses Estimates; Maintains Outlook (HRL)
Food company, Hormel Foods Corporation (HRL) reported a drop in profits for its second quarter, which came in below analysts estimates. The Austin, MN based company reported second quarter net income of $125.52 million, or 46 cents per share, down -2% from $127.89 million, or 48 cents per share a year ago. On average, analysts [...]
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| 09:12 AM |
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JP Morgan Downgrades Devon Energy to “Neutral” (DVN)
JP Morgan analysts noted that Devon Energy Corp’s (DVN) strategic decisions will not do much to increase shareholder value. As such, the analysts downgraded the oil and gas exploration company on Thursday. The analysts downgraded DVN from “Overweight” to “Neutral” and see shares reaching $62.50. This price target suggests a 6% upside to Wednesday’s closing [...]
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| 09:06 AM |
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TD Bank Q2 Profit Rises on Improved US Lending; Adjusted EPS In-Line with Estimates, Revenues Miss (TD)
Before the opening bell on Thursday, Canadian financial services company Toronto-Dominion Bank (otherwise known as TD Bank) (TD) reported a rise in second quarter profits, helped by improved earnings from US lending. Earnings per share was in-line with Wall Street estimates, but revenue came up short of views. The Toronto-based company posted a second quarter [...]
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| 08:58 AM |
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The Buckle Reports Earnings Decline; Misses Estimates (BKE)
Apparel retailer, The Buckle, Inc. (BKE) reported a dip in its first quarter earnings on Thursday, and missed analysts estimates. The Kearny, NE based company reported first quarter net income of $37.55 million, or 78 cents per share, down from $37.81 million, or 79 cents per share a year ago. Analysts expected to see earnings [...]
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| 08:53 AM |
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L Brands Q1 Profit Rises 14% on Higher Sales, Topping Estimates; Boosts Fiscal 2013 Outlook (LTD)
After the close on Wednesday, women’s apparel and personal care products retailer L Brands Inc (LTD) reported a rise in first quarter profits on higher sales. Both earnings and revenues topped Wall Street estimates. The Columbus, Ohio-based company posted a first quarter net income of $142.5 million, or 48 cents per share, up 14% from [...]
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| 08:41 AM |
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BMO Capital Markets Starts Coverage of Dr Pepper Snapple (DPS)
On Thursday, BMO Capital Markets reported that it has initiated coverage of beverage company, Dr Pepper Snapple Group Inc. (DPS). The firm has started coverage of DPS with a “Market Perform” rating and $48 price target. This price target suggests that the stock will remain flat at its current price of $48.26. An analyst from [...]
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| 08:38 AM |
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BMO Capital Markets Initiates Coverage on Coca-Cola (KO)
BMO Capital Markets reported on Thursday that it has initiated coverage on beverage company, The Coca-Cola Company (KO). The firm has begun coverage of KO with a “Market Perform” rating and $45 price target. This price target suggests a 6% upside from the stock’s current price of $42.25. An analyst from the firm commented, “we [...]
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| 08:22 AM |
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PetSmart Reports Rise in Q1 Profits; Beats Estimates; Improves Outlook (PETM)
Pet supply retailer, PetSmart, Inc. (PETM) reported increased Q1 earnings on Thursday, which came in above analysts estimates. The Phoenix, AZ based company reported first quarter earnings of $102.4 million, or 98 cents per share, up 8% from $94.7 million, or 85 cents per share a year ago. On average, analysts expected to see earnings [...]
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| 08:21 AM |
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Hewlett-Packard Tops Q2 EPS Estimates Despite 32% Decline in Profits; Shares Rise on Boosted Fiscal 2013 Outlook (HPQ
Shares of Hewlett-Packard Company (HPQ) surged in pre-market trading on Thursday after the computer and printer maker boosted its fiscal 2013 outlook and reported second quarter earnings that beat estimates after the close on Wednesday. Despite the earnings beat, profits did decline steeply on the continued weak sales of PCs. The Palo Alto, California-based company [...]
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| 07:49 AM |
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Top 50 High-Yield Dividend Stocks on Our Watchlist
The following dividend stocks are companies we are currently watching closely for possible inclusions on our “Best Dividend Stocks” list. Every Thursday we will look at our various watchlists to sort through the names we see as becoming attractive and put them in a list to share with all our premium subscribers. Outside of looking [...]
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| Wed, May 22, 2013 |
| 04:57 PM |
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Dividend Highlights/Lowlights for May 22
These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Mead Johnson Nutrition Company (MJN) – up 6% Bristol-Myers Squibb (BMY) – up 5% Staples (SPLS) – up 3% Mondelez International Inc. (MDLZ) – up 2% Pfizer (PFE) – up 2% Lowlights Herbalife Ltd. (HLF) [...]
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| 04:00 PM |
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Market Wrap-Up for May 22 (TGT, NTAP, AEO, INTU, more)
Federal Reserve chairman Ben Bernanke’s testimony in front of the Congress’ Joint Economic Committee was closely watched by investors and Wall Street analysts, as most are curious about the future of the Fed’s quantitative easing (QE) program. As expected, Bernanke’s comments mostly mirrored his dovish policies, pleasing most investors who shot the averages into positive [...]
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| 01:32 PM |
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Viacom Raises Quarterly Dividend (VIAB)
Entertainment content company, Viacom, Inc. (VIAB) reported on Wednesday that its board has approved an increase to its quarterly dividend. The company announced that its board has authorized an increase to its quarterly dividend from 27.5 cents to 30 cents per share. Viacom will pay its next dividend on July 1 to shareholders of record [...]
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| 11:38 AM |
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Deutsche Bank Sees Allstate’s Earnings at Risk After Oklahoma Tornado (ALL)
Deutsche Bank reported on Wednesday that it has reaffirmed a “Buy” rating on insurance company, The Allstate Corporation (ALL), but has lowered its FY2013 outlook. Despite the Oklahoma tornado damage which will likely cost the Allstate $100 million to $300 in losses, the firm has maintained a “Buy” rating and $57 price target on ALL. [...]
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| 10:40 AM |
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ESPN to Lay Off Hundreds of Employees on Higher Fees (DIS)
The Walt Disney Company (DIS) reported on Wednesday that ESPN will layoff hundreds of employees due to higher sports programming fees. The sports channel reported that it plans to lay off hundreds of its 7000 total employees. The company did not announce which types of positions would be eliminated. ESPN noted, “we are implementing changes [...]
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| 10:28 AM |
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Eaton Vance Q2 Profit Rises 20%, In-Line with Estimates; Revenues Miss (EV)
Investment management firm Eaton Vance Corp (EV) reported before the opening bell on Wednesday that its second quarter profit increased 20%, reflecting strong net inflows and higher fee revenues. Adjusted earnings were in-line with analysts’ estimates, but revenues came up short of views. The Boston, Massachusetts-based company posted a second quarter net income of $63.68 [...]
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| 10:09 AM |
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Credit Suisse Raises Price Target on Citigroup; Reiterates “Outperform” Rating (C)
Credit Suisse reported on Wednesday that it has raised its price target on financial services company, Citigroup Inc (C). The firm has maintained an “Outperform” rating on Citigroup, and has increased the company’s price target from $53 to $60. This price target suggests a 13% upside from the stock’s current price of $52.46. Analysts have [...]
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| 10:08 AM |
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Citigroup Raises Estimates on AT&T (T)
Citigroup reported on Wednesday that it has raised its estimates on communications company, AT&T Inc. (T). The firm has increased its estimates on AT&T based on the company’s potential for wireless growth and improved revenue. AT&T shares were down 20 cents, or -0.54% during Wednesday morning trading. The stock is up 9% YTD. The Bottom [...]
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| 10:06 AM |
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Staples Q1 Profit Falls 9% on Weak Sales; Misses Estimates (SPLS)
Before the opening bell on Wednesday, office supplies retailer Staples, Inc. (SPLS) reported a decline in both earnings and revenues for the first quarter, as store closures and a stronger US dollar weakened overall sales. Both results came up short of analysts’ expectations. The Framingham, Massachusetts-based company said its first quarter net income fell to [...]
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| 09:54 AM |
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Jefferies Raises Price Target on Home Depot Following Q1 Earnings (HD)
Following home improvement retailer The Home Depot, Inc.’s (HD) first quarter earnings report, analysts at Jefferies raised the company’s price target. The analysts now see HD shares reaching $91, up from the previous target of $89. This new price target suggests a 16% upside to Tuesday’s closing price of $78.71. Jefferies analyst Daniel Binder commented, [...]
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| 09:48 AM |
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American Eagle’s Profit Drops; Beats Estimates (AEO)
Apparel retailer, American Eagle Outfitters (AEO) reported a drop in its first quarter earnings on Wednesday, but beat analysts estimates. The Pittsburgh, PA based company reported first quarter earnings of $27.98 million, or 14 cents per share down from $39.7 million, or 20 cents per share a year ago. Excluding special items, earnings were 18 [...]
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| 09:41 AM |
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Pfizer To Split Off Remaining Interest in Zoetis Through Exchange Offering (PFE, ZTS)
Early on Wednesday, pharmaceutical company Pfizer Inc. (PFE) announced that it plans to split off its remaining interest in Zoetis (ZTS), its former animal health business subsidiary. The New York, New York-based company will split off its remaining interest in Zoetis through an exchange offering. Pfizer shareholders will have the option to exchange all, some, [...]
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| 09:28 AM |
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Target Q1 Profit Falls 29% on Lower Sales; Trims Full Year Outlook (TGT)
Before the opening bell on Wednesday, discount retailer Target Corporation (TGT) reported a decline in first quarter profits and revenues due to worse-than-expected sales in apparel and other weather-related products. Adjusted earnings were able to top analysts’ estimates, but revenues came up short. The Minneapolis, Minnesota-based company posted a first quarter net income of $498 [...]
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| 09:27 AM |
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Lowe’s Reports Rise in Earnings; Misses Estimates (LOW)
Home improvement retailer, Lowe’s Companies, Inc. (LOW) reported an increase in its first quarter earnings on Wednesday, but came in below analysts estimates. The Mooresville, NC based company reported first quarter earnings of $540 million, or 49 cents per share, up 2.5% from $527 million, or 43 cents per share a year ago. Analysts expected [...]
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