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Morgan Stanley Puts ARM Shares on 'Short Research Tactical Idea' List Following Concerning Analyst Day
Tuesday, May 21, 2013 - 6:03pmShares of ARM Holdings (NASDAQ: ARMH) plunged lower midday Tuesday as Morgan Stanley issued a note placing the stock on the firm's "Short Tactical Research" list. The Morgan Stanley list offers a look on possible performance over the near term -- specifically over the next 60 days. Morgan Stanley...
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JP Morgan Says Jos. A. Bank's New Mgmt Incentives Package Points at Strong Results
Tuesday, May 21, 2013 - 6:03pmOutlined in the company's April 10-K filing, the ambitious cash and equity compensation programs for Jos. A. Bank's (NASDAQ: JOSB) management may suggest a higher EPS target than analysts previously estimated. JPMorgan analyst Brian Tunick noted JOSB's EPS target of approximately $3.56 compared to...
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Citi Highlights Macau Gambling Revenue At or Near Record Highs for Second Time in Two Months
Tuesday, May 21, 2013 - 5:09pmCitigroup issued a note Tuesday morning suggesting Macau's gambling revenues may reach 30.5B patacas for May, following a record setting 31.3B in revenue for the month of March. The model behind Citi analyst Anil Daswani's figures assumes an average daily run rate of 954M patacas for the remainder...
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Microsoft Price Target Raised to $40 at UBS, Five Catalysts for Potential Growth Named
Tuesday, May 21, 2013 - 4:44pmUBS analyst Brent Hill raised his price target on Microsoft (NASDAQ: MSFT) shares from $33 to $40 on Tuesday. The key drivers for stock price, according to Hill, were: Increased visibility on earnings; Increased momentum on Microsoft's cloud services; Underappreciated enterprise businesses;...
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UPDATE: Miller Tabak Raises PT on Bravo Brio Restaurant Group on Private Fund Raising
Tuesday, May 21, 2013 - 3:05pmIn a report published on Tuesday, Miller Tabak analyst Stephen Anderson raised the price target on Bravo Brio Restaurant Group (NASDAQ: BBRG) from $22 to $24 and maintained the rating of Buy on the company. In the report, Miller Tabak noted, "...following news that a private equity fund known...
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UPDATE: Morgan Stanley Raises PT on ENSCO on Shareholder Friendly Practices
Tuesday, May 21, 2013 - 2:50pmIn a report published on Monday, Morgan Stanley analyst Ole Slorer raised the price target on ENSCO (NYSE: ESV) from $72 to $75 and maintained a rating on the company of Equal-Weight. In the report, Morgan Stanley noted, "As the offshore drilling cycle matures, investors are looking...
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UPDATE: Sterne Agee Raises PT on TJX on Compelling Buying Enviorment
Tuesday, May 21, 2013 - 2:16pmIn a report published on Tuesday, Sterne Agee analyst Ike Boruchow raised the price target on TJX (NYSE: TJX) from $50 to $57 and maintained a rating of Buy on the company. In the report, Goldman Sachs noted, "Q1 EPS was in line, and the company narrowed its 2013 EPS and maintained comp...
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UPDATE: J.P. Morgan Raises PT on KeyCorp on Improved Economic Trends
Tuesday, May 21, 2013 - 2:00pmIn a research report published Tuesday, J.P. Morgan analyst Steven Alexopoulos raised the price target on KeyCorp (NYSE: KEY) from $10.50 to $11 and maintained a rating of Overweight. In the report, J.P. Morgan noted, "...the modestly better economic trends as well as the improved outlook for...
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UPDATE: Piper Jaffray Raises PT on Actavis on Pro Forma Estimates
Tuesday, May 21, 2013 - 1:51pmIn a report published on Tuesday, Piper Jaffray analyst David Amsellem raised the price target on Actavis (NYSE: ACT) from $128.00 to $160.00, and reiterated an Overweight rating. In the report, Piper Jaffray noted, "We are reiterating our Overweight rating on Actavis and raising our price...
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UPDATE: Goldman Sachs Raises PT on Steve Madden on Potential Capital Allocation Outcomes
Tuesday, May 21, 2013 - 1:49pmIn a research report published on Tuesday, Goldman Sachs analyst Taposh Bari raised the price target on Steve Madden (NASDAQ: SHOO) from $40 to $43 and maintained a Sell rating. In the report, Goldman Sachs stated, "We believe Sell-rated SHOO's annual shareholder meeting, this Friday 5/24/13,...
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