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UPDATE: Benchmark Raises PT on United Online on FTD Spin-Off Plan
Monday, May 20, 2013 - 12:24pmIn a report published Monday, Benchmark Company analyst Daniel L. Kurnos reiterated a Buy rating on United Online (NASDAQ: UNTD), and slightly raised the price target from $7.00 to $7.50. In the report, Kurnos noted, “United Online is set to spin off its primary growth asset, FTD, by the end of...
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UPDATE: Benchmark Downgrades True Religion Apparel to Hold Following Takeout Bid
Monday, May 13, 2013 - 10:08amIn a report published Monday, Benchmark Company analyst Ronald Bookbinder downgraded the rating on True Religion Apparel (NASDAQ: TRLG) from Buy to Hold, but reiterated the $32.00 price target. In the report, Bookbinder noted, “True Religion has received a bid for $32.00 per share in cash. With...
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UPDATE: Benchmark Downgrades ICU Medical to Hold on Valuation
Thursday, May 9, 2013 - 11:10amIn a report published Thursday, Benchmark Company analyst James Terwilliger downgraded the rating on ICU Medical (NASDAQ: ICUI) from Buy to Hold, but reiterated the $69.00 price target. In the report, Terwilliger noted, “We are lowering our recommendation to Hold from Buy based on valuation as ICU...
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UPDATE: Benchmark Company Initiates Merit Medical Systems with Hold on Limited Visibility
Thursday, May 9, 2013 - 9:37amIn a report published Thursday, Benchmark Company analyst James Terwilliger initiated coverage on Merit Medical Systems (NASDAQ: MMSI) with a Hold rating and $10.00 price target. In the report, Terwilliger noted, “Our $10.00 price target represents 20 times our adjusted 2013 EPS estimate of $0.53...
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UPDATE: Benchmark Downgrades Guidance Software to Hold Following Q1 Results Miss
Friday, May 3, 2013 - 9:27amIn a report published Friday, Benchmark Company analyst Mark W. Schappel downgraded the rating on Guidance Software (NASDAQ: GUID) from Buy to Hold and lowered the price target from $13.00 to $9.00. In the report, Schappel noted, “Management attributed the Q1 revenue shortfall to a lack of urgency...
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UPDATE: Benchmark Lowers PT on E2open on Missed Consensus Estimates
Wednesday, April 17, 2013 - 12:50pmIn a report published Wednesday, Benchmark Company analyst Mark W. Schappel reiterated a Buy rating on E2open (NASDAQ: EOPN), but lowered the price target from $25.00 to $18.00. In the report, Schappel noted, “Last night, EOPN missed consensus estimates for both total revenue and EPS, and lowered...
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UPDATE: Benchmark Raises PT on The McGraw-Hill Companies on Positive 2013 Outlook
Monday, April 8, 2013 - 1:11pmIn a report published Monday, Benchmark Company analyst Edward J. Atorino reiterated a Buy rating on The McGraw-Hill Companies (NYSE: MHP), and raised the price target from $57.00 to $59.00. In the report, Atorino noted, “McGraw Hill recently completed the sale of McGraw Hill Education to...
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Benchmark Company $14 PT on Saba Software on Expected Delisting
Friday, April 5, 2013 - 12:13pmIn a report published Friday, Benchmark Company analyst Mark W. Schappel reiterated a Buy rating and $14.00 price target on Saba Software (NASDAQ: SABA). In the report, Schappel noted, “Last night, SABA announced that it expects to be delisted from the NASDAQ since the company is unable to meet...
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UPDATE: Benchmark Lowers PT on Progress Software Corporation on F1Q13 Reports, Lower 2Q Guidance
Thursday, March 28, 2013 - 12:35pmIn a report published Thursday, Benchmark Company analyst Mark W. Schappel reiterated a Buy rating on Progress Software Corporation (NASDAQ: PRGS), but lowered the price target from $33.00 to $29.00. In the report, Schappel noted, “Last night, PRGS beat F1Q13 consensus revenue estimates and met...
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UPDATE: Benchmark Raises PT on R.R. Donnelley & Sons Co. on Increased Margin Pressure
Wednesday, March 20, 2013 - 9:44amIn a report published Wednesday, Benchmark Company analyst Edward J. Atorino reiterated a Buy rating on R.R. Donnelley & Sons Co. (NASDAQ: RRD), and slightly raised the price target from $12.00 to $13.00. In the report, Atorino noted, “Despite the prospect of higher sales than previously...
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