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Toshiba Has $6.6 Billion of Market Value Wiped Away by Investors

Toshiba has dreamed of becoming a leader in the nuclear energy industry. Those dreams are now only big nightmare’s for the Japanese based company. Jittery investors have wiped off more than $6.6 billion of the market value of the company after it released a warning of extremely large losses linked to its acquisition during 2015 of a nuclear construction business in the United States. Shares of the Japanese company plunged 17% more during Thursday trading. Losses during the last three trading days now have reached 42%, driven by the most part by... 
 

Fox Quarterly Results Miss on Revenue

Twenty-first Century Fox reported an adjusted revenue for the company that was lower than had been expected as fewer than usual major movies released pulled pull down the studio business and a strong U.S. dollar reduced the income valued from markets overseas. Fox’s stock was down 2.6% during trading prior to the opening bell after news of the quarterly results were released, the first under James Murdoch the new CEO who took the reins from Rupert his father July 1. Revenue from the film studio business of Fox, which represents close to one third... 
 

Boeing Raises Forecast for Profit

Boeing Co raised its profit forecast for the full year as higher deliveries of jetliners during the third quarter had brought a large amount of cash and the cost of the 787 Dreamliner grew less than had been projected. The results indicate that the Boeing factories are in high gear and its shares rose on the news. Investors have sought reassurance that global market for aerospace is not glutted with aircraft and that expenses for its 787, the first jet in the world built mainly of composite materials have finally come under control after four years... 
 

5 Ways International Students Can Improve Their English

Universities and colleges accept students from other countries. According to website provides resume writing examples, English may not be the first language for these students and even though they may be able to read and write in English, it may be difficult for them to express themselves properly in English. Most of these students desire to improve their English. Here are some ways International students can improve their English. Practice Most of the International students do not get to have a lot of practice in conversational English in their... 
 

Amazon Reported Revenue of $17.09 Billion

Amazon reported revenue of $17.09 billion in the third quarter but at the same time lost money in the process. The company’s investors were happy about the report. The third quarter revenue was up 24 percent and around $400 million more than estimates made by analysts. The high volume earned by Amazon was not enough to yield a profit. The company lost $41 million or 9 cents per share. The losses were at par with the estimates made by analysts. After the release of the report, the stock went up $29 to $361 in after-hours trading. Since 2008, the... 
 

Omnicom Merges with Publicis to Form Largest Ad Company

Omnicom Group and Publicis Groupe announced their merger that will form the world’s biggest advertising holding company. The combined company will have a market cap of $35 billion. The company will be known as Publicis Omnicom Group. The new company will be led by Omnicom CEO John Wren and Publicis CEO Maurice Levy. The two will be co-chief executives. The merger will bring together well-known ad companies such as Publicis’ Leo Burnett and Saatchi & Saatchi and Omnicom’s TBWA Worldwide, BBDO Worldwide, and DDB Worldwide. The new company... 
 

Oracle Corp. Receives “Neutral” Rating from Wedbush (ORCL)

Oracle Corp. (NASDAQ: ORCL)‘s stock had its “neutral” rating restated by Wedbush in a research note issued on Friday, StockRatingsNetwork reports. They currently have a $36.00 target price on the stock. Wedbush’s price objective would indicate a potential upside of 8.40% from the company’s current price. The analysts wrote, “ORCL missed 4Q revenue expectations by about $160M (about 150 bps), largely on weak licenses…Despite ORCL’s 3Q miss, this miss shocked us. ORCL rarely misses a 4Q, and the company... 
 

Groupon Upgraded to Buy by Deutsche Bank (GRPN)

Groupon (NASDAQ: GRPN) was upgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $10.00 price target on the stock, up from their previous price target of $6.00. Deutsche Bank’s price objective indicates a potential upside of 45.77% from the company’s current price. The analysts wrote, “the company should be in a position to grow billings 20%+ on the transition... 
 

Southern Downgraded by Jefferies Group to “Hold” (SO)

Southern (NYSE: SO) was downgraded by investment analysts at Jefferies Group from a “buy” rating to a “hold” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $46.00 price objective on the stock. Jefferies Group’s target price would indicate a potential upside of 3.02% from the stock’s previous close. The analysts wrote, “With the current investor focus over lower ROEs and cost overruns at the Kemper County IGCC plant, Jefferies believes that the stock will... 
 

SunTrust Stock Rating Lowered by UBS AG (STI)

SunTrust (NYSE: STI) was downgraded by stock analysts at UBS AG from a “buy” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call. Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of SunTrust in a research note to investors on Tuesday, June 4th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of... 
 

Chipotle Mexican Grill’s Buy Rating Reaffirmed at Miller Tabak (CMG)

Chipotle Mexican Grill (NYSE: CMG)‘s stock had its “buy” rating restated by investment analysts at Miller Tabak in a note issued to investors on Thursday, AnalystRatingsNetwork reports. They currently have a $400.00 price target on the stock, up from their previous price target of $395.00. Miller Tabak’s price objective would indicate a potential upside of 8.79% from the stock’s previous close. The analysts wrote, “Qdoba, the second largest fast casual Mexican chain in the U.S., would close more than 10% of its... 
 

MB Financial Now Covered by Analysts at DA Davidson (MBFI)

Equities researchers at DA Davidson began coverage on shares of MB Financial (NASDAQ: MBFI) in a research report issued on Thursday, AnalystRatings.Net reports. The firm set a “buy” rating and a $30.00 price target on the stock. DA Davidson’s price target would indicate a potential upside of 14.64% from the stock’s previous close. The analysts wrote, “We are initiating coverage of MB Financial with a BUY rating and a price target of $30. MBFI shares trade at a 1-point P/E multiple discount to 2013 EPS versus the D.A.... 
 

Discovery Coverage Initiated by Analysts at Sterne Agee (DISCA)

Equities researchers at Sterne Agee began coverage on shares of Discovery (NASDAQ: DISCA) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $87.00 price target on the stock. Sterne Agee’s price objective would suggest a potential upside of 18.25% from the stock’s previous close. The analysts wrote, “We think DISCA offers the highest quality earnings mix in our group and the recent pullback created an opportunity; we are initiating coverage with a Buy rating. Our... 
 

Discover Financial Services Now Covered by Analysts at Oppenheimer (DFS)

Investment analysts at Oppenheimer assumed coverage on shares of Discover Financial Services (NYSE: DFS) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $55.00 price target on the stock. Oppenheimer’s target price suggests a potential upside of 15.86% from the company’s current price. The analysts wrote, “We are initiating coverage of Discover Financial Services (DFS) with an Outperform rating and a $55 price target. We believe that DFS’s growth... 
 

Education Realty Trust Coverage Initiated by Analysts at Imperial Capital (EDR)

Research analysts at Imperial Capital began coverage on shares of Education Realty Trust (NYSE: EDR) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set an “in-line” rating and a $10.00 price target on the stock. Imperial Capital’s price target points to a potential upside of 2.25% from the stock’s previous close. The analysts wrote, “In our view, interest in student housing is principally predicated on the prospects of a steady increase in academic enrollment and a desire by many educational... 
 

Sterne Agee Initiates Coverage on AMC Networks (AMCX)

Equities researchers at Sterne Agee began coverage on shares of AMC Networks (NASDAQ: AMCX) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $74.00 price target on the stock. Sterne Agee’s price target would indicate a potential upside of 16.66% from the stock’s previous close. The analysts wrote, “The bear argument on AMCX shares is centered on two of the network’s marquee shows, Mad Men and Breaking Bad, ending their runs. We don’t find this argument... 
 

Trulia Now Covered by Analysts at Morgan Stanley (TRLA)

Stock analysts at Morgan Stanley assumed coverage on shares of Trulia (NASDAQ: TRLA) in a report issued on Thursday, Analyst Ratings.Net reports. The firm set an “underweight” rating on the stock. The analysts wrote, “Trulia is slightly overvalued relative to peers in our view, and we believe it should trade at a discount to Zillow. The improving housing market could be a rising tide that lifts all boats; Trulia could continue to grow subscribers and ARPU at strong rates even if it lags Zillow in adoption. Trulia uniquely benefits... 
 

DreamWorks Animation Coverage Initiated at Sterne Agee (DWA)

Research analysts at Sterne Agee started coverage on shares of DreamWorks Animation (NYSE: DWA) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating and a $18.00 price target on the stock. Sterne Agee’s target price points to a potential downside of 20.42% from the company’s current price. The analysts wrote, “We expect EPS to decline 35% Y/Y in 2014 and the share price to reach $18, 21% downside from the current level. We are therefore initiating coverage of DWA with... 
 

GameStop Corp Receives Hold Rating from TheStreet (GME)

GameStop Corp (NYSE: GME)‘s stock had its “hold” rating reaffirmed by stock analysts at TheStreet in a report issued on Wednesday, StockRatingsNetwork.com reports. The analysts wrote, “GameStop (GME) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has... 
 

Bovis Homes Group Stock Rating Reaffirmed by Deutsche Bank (BVS)

Bovis Homes Group (LON: BVS)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday, AnalystRatings.Net reports. They currently have a GBX 878 ($13.79) target price on the stock, up from their previous target price of GBX 863 ($13.55). Deutsche Bank’s price objective suggests a potential upside of 14.03% from the stock’s previous close. Shares of Bovis Homes Group (LON: BVS) opened at 770.50 on Tuesday. Bovis Homes Group has a 52 week low... 
 

Bob Evans Farms Coverage Initiated by Analysts at Oppenheimer (BOBE)

Equities research analysts at Oppenheimer started coverage on shares of Bob Evans Farms (NASDAQ: BOBE) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $57.00 price target on the stock. Oppenheimer’s price objective would indicate a potential upside of 20.84% from the company’s current price. The analysts wrote, “Underfollowed by the Street, we believe BOBE represents an attractive investment opportunity. As both businesses (restaurants &... 
 

Sterne Agee Initiates Coverage on Quality Systems (QSII)

Equities research analysts at Sterne Agee started coverage on shares of Quality Systems (NASDAQ: QSII) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock. The analysts wrote, “While we acknowledge the deep discount at which QSII shares trade relative to the HCIT peer group, we currently feel that a ‘value trap’ exists. Until we can ascertain some improvement in the NextGen Ambulatory segment, we cannot advise investors to accumulate QSII shares.... 
 

Greenway Medical Technologies Now Covered by Sterne Agee (GWAY)

Sterne Agee assumed coverage on shares of Greenway Medical Technologies (NASDAQ: GWAY) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating on the stock. The analysts wrote, “While Greenway Medical has achieved admirable success with the 5-10 doctor practices over the past 5+ years, as the average size of physician practices rises, we do not think the company possesses enough scale to convince enterprise-size physician practices to use the company’s technologies/services.... 
 

Reliance Steel & Aluminum Receives New Coverage from Analysts at Topeka Capital Markets (RS)

Investment analysts at Topeka Capital Markets began coverage on shares of Reliance Steel & Aluminum (NYSE: RS) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $70.00 price target on the stock. Topeka Capital Markets’ price target would indicate a potential upside of 8.31% from the stock’s previous close. The analysts wrote, “As one of the largest domestic service centers, we believe the Company is well positioned to benefit from an eventual recovery in... 
 

V.F. Price Target Raised to $207.00 at Stifel Nicolaus (VFC)

Stifel Nicolaus raised their price target on shares of V.F. (NYSE: VFC) from $190.00 to $207.00 in a research note issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 10.07% from the company’s current price. The analysts wrote, “Yesterday, VF Corp hosted an Investor Day in NYC featuring growth objectives for 2017, an in-depth overview of long-term strategy, and discussion on key platforms and brands to drive... 
 

Charles River Laboratories Coverage Initiated by Analysts at Sterne Agee (CRL)

Research analysts at Sterne Agee started coverage on shares of Charles River Laboratories (NYSE: CRL) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $56.00 price target on the stock. Sterne Agee’s price objective points to a potential upside of 32.48% from the company’s current price. The analysts wrote, “In our view, CRL can be characterized as a dominant player within businesses that possess high barriers to entry. With innovative product and service offerings offered... 
 

PAREXEL International Now Covered by Analysts at Sterne Agee (PRXL)

Equities researchers at Sterne Agee initiated coverage on shares of PAREXEL International (NASDAQ: PRXL) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock. The analysts wrote, “Over the past three to five years, PRXL has successfully climbed the PIII CRO market share ladder, essentially doubling its revenue base. We believe a refocus on the U.S. marketplace as well as continued investments in Asia-Pacific regions were factors in PRXL’s success. We also believe... 
 

Cemex SAB de CV Lowered to “Sector Perform” at Scotiabank (CX)

Cemex SAB de CV (NYSE: CX) was downgraded by Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $12.00 price target on the stock, down from their previous price target of $12.90. Scotiabank’s price objective would indicate a potential upside of 14.39% from the company’s current price. Cemex SAB de CV (NYSE: CX) traded down 4.38% on Tuesday, hitting $10.49. Cemex SAB de CV has a 52-week low of $4.75 and... 
 

Insulet Corp. Downgraded to “Hold” at Wunderlich (PODD)

Insulet Corp. (NASDAQ: PODD) was downgraded by stock analysts at Wunderlich from a “buy” rating to a “hold” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $28.00 target price on the stock. Wunderlich’s price target suggests a potential downside of 10.26% from the stock’s previous close. The analysts wrote, “We are downgrading the shares of Insulet (PODD) to Hold from Buy, as the shares have exceeded our recently raised price target. PODD shares have appreciated significantly... 
 

Westpac Banking Stock Rating Reaffirmed by Nomura (WBC)

Westpac Banking (ASX: WBC)‘s stock had its “neutral” rating reaffirmed by analysts at Nomura in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports. They currently have a €33.00 ($42.31) target price on the stock. Shares of Westpac Banking (ASX: WBC) opened at 29.040 on Wednesday. Westpac Banking has a one year low of A$21.800 and a one year high of A$34.790. The stock’s 50-day moving average is currently A$28.64. The company has a market cap of A$89.530 billion and a P/E... 
 

Sepura Plc’s Buy Rating Reaffirmed at Liberum Capital (SEPU)

Sepura Plc (LON:SEPU)‘s stock had its “buy” rating restated by equities researchers at Liberum Capital in a research report issued on Tuesday, Analyst Ratings.Net reports. They currently have a GBX 130 ($1.98) price objective on the stock, up from their previous price objective of GBX 115 ($1.76). Liberum Capital’s price objective would suggest a potential upside of 11.11% from the company’s current price. Shares of Sepura Plc (LON: SEPU) traded up 2.43% during mid-day trading on Tuesday, hitting GBX 137.00. Sepura... 
 

Sepura Plc Given Buy Rating at Investec (SEPU)

Sepura Plc (LON:SEPU)‘s stock had its “buy” rating reaffirmed by investment analysts at Investec in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 130 ($1.98) target price on the stock, up from their previous target price of GBX 115 ($1.76). Investec’s price target points to a potential upside of 11.11% from the stock’s previous close. Shares of Sepura Plc (LON: SEPU) traded up 2.43% during mid-day trading on Tuesday, hitting GBX 137.00. Sepura Plc has a one year low... 
 

Tax Transparency to Cost Apple Billions

Last week, Apple’s tax avoidance strategies were revealed at a US Senate hearing. The company created subsidiaries in stateless nations in order to avoid paying taxes that are said to worth billions of dollars. The strategies could inspire copycats. After the hearing, the European Union leaders said they will pass a new law that would require corporations to reveal the amount of taxes they paid in each country they operate on. The officials placed the measure on a legislative fast track as they hope it would be signed into a law this summer. The... 
 

WABCO Holdings Downgraded to Neutral at Buckingham Research (WBC)

WABCO Holdings (NYSE: WBC) was downgraded by equities research analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $81.00 price target on the stock. Buckingham Research’s target price indicates a potential upside of 4.62% from the stock’s previous close. Shares of WABCO Holdings (NYSE: WBC) opened at 77.42 on Friday. WABCO Holdings has a 52 week low of $46.73 and a 52 week high of $78.62.... 
 

Markets in Europe Await Finance Ministers Meeting

The euro was able to move off its two week lows on Monday, while equities in Europe and crude oil remained at their monthly highs. Developments politically in parts of Europe have investors worried and could offset signs of increased world trade. Nevertheless, there are no major drivers at present in the economy and trading remained light on Monday thanks to most of the financial markets in Asia being shut down for the Lunar New Year. Currently, the biggest interest is on the meeting later this week of finance ministers from the euro zone. For many... 
 

Markets Continue to feel effects of Fiscal Cliff

Friday will be another day of wait, see and worry for investors on Wall Street and around the world. Lawmakers continued to attempt to find the solution to the fiscal cliff that will arrive in just four days. Stock futures in the U.S. were lower on Friday as fears increase over the impact of the cliff, if no deal is reached. President Obama along with leaders in Congress will discuss the current impasse in negotiations on Friday at a meeting in the White House, while the House of Representatives are scheduled to return to work on Sunday. If a deal... 
 

Singapore Airlines Sells Stake in Virgin Atlantic to Delta

Delta Airlines has announced it has agreed to acquire the 49% stake Singapore Airlines has in Virgin Atlantic Airlines. The majority owner of Virgin Atlantic is Richard Branson. Delta will be paying $360 million for the 40% share of the airline, with a goal of increasing their share in the trans-Atlantic market, which is very lucrative. Virgin Atlantic is currently the biggest rival of British Airways for long haul flights from London’s Heathrow Airport and will start with Delta on a joint venture of 31 daily roundtrip flights between North America... 
 

Wall Street cuts into Apple Market Capitalization

Apple stock took another big hit on Wall Street last week. The hit took the tech giant’s market cap below the $500 billion mark for only the first time in close to six months. Even though Apple had strong financials for the third quarter, the Cupertino-based company’s stock still slid. The prolonged weakness of Apple’s stock, which has put it into territory of a bear market, has taken it from one of the highest perches that exist on Wall Street, the famed $500 billion club. On Thursday, the stock fell 2% to close under the $500 billion capitalization... 
 

StanCorp Financial (SFG) Target Cut at McAdams Wright Ragen

StanCorp Financial Group (SFG) received a “buy” reiteration today from securities research analysts at investment firm McAdams Wright Ragen.  The firm also cut their performance outlook for SFG by adjusting its price target nearly ten dollars from $52 to $41 dollars.  Firm noted that for a second quarter in a row that the benefit ratio at StanCorp surpassed estimates regarding guidance and noted that at current share valuation the company is attractive. SFG gapped south at the end of trading last week and today SFG was unable to... 
 

SunPower Corporation (SPWRA) Initiated as Sell at Auriga

SunPower Corporation (SPWRA) has been initiated today with coverage from the research analysts at Auriga.  Auriga begins this new coverage of SPWRA with an initial price target set at $14 dollars and rates performance of SPWRA as “sell.”  Auriga noted today that SunPower’s technology leadership is hindered by inefficient cost structure and poor operational execution, too.  Additionally noted that SunPower has a balance sheet which opens it to vulnerability in regard to pricing pressure. SPWRA dropped at the beginning of today’s... 
 

Owens Corning (OC) Upgraded to Top Pick at RBC Capital

Owens Corning Inc (OC) has been upgraded today by the securities research analysts at investment firm RBC Capital Markets which raised Owens Corning from a “outperform” rating to “top pick.”  RBC Capital also positively adjusted their performance outlook for OC and adjusted its price target from $42 to $45 dollars.  RBC Capital noted that at current share levels that Owens Corning has at minimum 25% upside to investors over the next year to year and a half as they foresee improvement in all company business segments. OC... 
 

Spectra Energy Partners (SEP) Target Cut at Wunderlich

Spectra Energy Partners (SEP) received a “hold” reiteration today from securities research analysts at investment firm Wunderlich.  The firm also cut their performance outlook for SEP  by adjusting their price target from $37 to $35 dollars.  Wunderlich said that their price cut was based on diminished distribution growth outlook. SEP made its very first gain of this week of trading, on the last day of trading.  SEP is still reeling from the 52-week low of $29.64 which was set on June 17th, 2011.  It had made good headway until... 
 

Entegris, Inc. (ENTG) Upgraded to Buy at Dougherty & Company

Entegris, Inc. (ENTG) has been upgraded today by the securities research analysts at investment firm Dougherty & Company which raised Entegris from a “neutral” rating to “buy.”  Dougherty also increased their performance outlook for ENTG and adjusted its price target from $10.50 to $11.25 dollars.  Dougherty increased their rating and price target after Entegris earnings were reported and notes they are duly impressed by the performance of execution at the company which they say delivers strong cash flow and leverage. ENTG... 
 

eBay Inc. (EBAY) Coverage Resumes at Wedbush

eBay Inc. (EBAY) is once again being coverad by the research analyst at investment firm Wedbush.  Wedbush resumes this new coverage of EBAY by increasing their perform price target of $34 to $35 dollars and rates EBAY as “neutral.”  It is notable that Wedush said they believe eBay should be able to sustain double-digit organic top line growth.  Wedbush further noted that PayPal growth is accelerating, which is owned by eBay. EBAY is up during today’s intraday and broke above resistance of $34.65 which was last set on April 28th,... 
 

Williams-Sonoma, Inc. (WSM) Upgraded to Outperform at Wedbush

Williams-Sonoma, Inc. (WSM) has been upgraded today by the securities research analysts at investment firm Wedbush which raised Williams-Sonoma from a”neutral” rating to “outperform.”  Wedbush also increased their performance outlook for WSM and adjusted its price target from $44 to $46 dollars.  Wedbush noted that recent WSM share losses are ‘overdone’ and that investor concern has largely been overblown and that shares are trading at a discounted price. WSM is gradually rising from the low of $34.40 which... 
 

Apple Inc. (AAPL) Target Increased at ISI Group

Apple Inc. (AAPL) received a “buy” reiteration today from securities research analysts at investment firm ISI Group.  ISI also increased their performance outlook for Apple by adjusting their price target from $425 to $480 dollars.  ISI noted that Apple is undergoing a new product launch sequence which will boost revenue courtesy of a new iPhone model and iPad production being ramped even further.  With these factors combined, ISI raises their price target based on their view that AAPL is entering a new phrase of strength on the... 
 

Gen-Probe (GPRO) Upgraded to Outperform at Robert W. Baird

Gen-Probe (GPRO) has been upgraded today by the securities research analysts at investment firm Robert W. Baird which raised Gen-Probe from a “neutral” rating to “outperform.”  Baird, however, cut their performance outlook for GPRO  and adjusted its price target from $82 to $75 dollars.  Baird noted that their decreased price target is partly based on potential suitors of Gen-Probe (LIFE, Novartis and TMO) having walked away into the sunset.  Still, Baird upgrades GPRO based on what they find is a good risk, reward opportunity... 
 

Applied Micro Circuits (AMCC) Initiated as Buy at Sterne Agee

Applied Micro Circuits (AMCC) has been initiated today with coverage from the research analysts at Sterne Agee.  Agee begins this new coverage of AMCC with an initial price target set at $12 dollars and rates performance of AMCC as “buy.”  Agee also noted that they believe Applied Micro Circuits will be greatly benefited by a projected global refresh of optics at carriers around the globe coupled with accelerated growth in mobile data traffic and the combining of multiple interconnect technology protocols.  Lastly, Agee believes that... 
 

Carlisle Companies (CSL) Upgraded to Market Perform at FBR Capital

Carlisle Companies (CSL) has been upgraded today by the securities research analysts at investment firm FBR Capital which upgraded Carlisle from a “under perform” rating to “market perform.”  FBR Capital also raised their performance outlook for CSL and adjusted their price target from $35 to $45 dollars.  FBR noted that their rating change is based on Carlisle’s impressive accretion after their recent acquisition of Hawk.  Additionally, company fiscal year 2011 & 2012 estimates are moved in-line with consensus. After... 
 

Transcept Pharmaceuticals, Inc. (TSPT) Target Cut at MLV Capital

Transcept Pharmaceuticals, Inc. (TSPT) received a “buy” reiteration today from securities research analysts at investment firm MLV Capital.  The firm however did cut their performance outlook for TSPT and adjusting their price target from $20 to $15 dollars.  MLV Capital noted that their target cut is based on the company delaying their Intermezzo product by 12 months (assumed) however MLV notes they remain upbeat about Intermezzo and find it is still a viable product. The market has not been kind to TSPT, it has lost nearly three... 
 
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