JPMorgan downgrades Saks to 'Neutral,' tells investors 'easy money has been made'October 1st, 2009 JPMorgan downgrades Saks, shares fallCHICAGO — Shares of luxury department store chain Saks Inc. sank Thursday after an analyst downgraded the retailer, saying its stock was properly valued.
Commercial Metals falls after analyst downgrades stock on weak non-residential constructionSeptember 23rd, 2009 Commercial Metals shares fall after downgradeNEW YORK — Commercial Metals Co. fell Wednesday after an analyst downgraded the shares to "Neutral" from "Buy" because weak non-residential construction is expected to limit volumes and prices.
Singapore sovereign wealth fund cuts its stake in Citigroup to below 5 percent from 9 percentSeptember 22nd, 2009 Singapore cuts ownership stake in CitigroupNEW YORK — A Singapore sovereign wealth fund cut its stake in Citigroup Inc. to below 5 percent from 9 percent on Tuesday, reducing its ownership to the level planned before a recent debt exchange.
Analyst downgrades Moog, Curtiss-Wright stock rating on limited visibility, valuationSeptember 21st, 2009 Analyst downgrades Moog, Curtiss-Wright ratingWASHINGTON — An analyst on Monday downgraded Moog Inc.'s and Curtiss-Wright Corp.'s stock rating based on valuation and limited visibility, despite an improved economic outlook. Boenning & Scattergood analyst Michael Ciarmoli lowered ratings for Moog, a supplier of precision control systems, and Curtiss-Wright, an industrial supplier to military and commercial customers, to "Neutral" from "Outperform" after the stocks fell below his targets of $33 and $36, respectively.
Analyst downgrades Heidrick & Struggles on share price getting ahead of the companySeptember 14th, 2009 Analyst downgrades Heidrick & StrugglesHARTFORD, Conn. — Shares of executive search firm Heidrick & Struggles International Inc.
Goldman Sachs shares hit 52-week high after Citi analyst predicts strong 3Q, ups price targetSeptember 11th, 2009 Goldman hits 52-week high after Citi hikes targetNEW YORK — Shares of Goldman Sachs Group Inc. hit a 52-week high in Friday trading before turning negative with the broader market.
Analyst downgrades DreamWorks Animation, poking hole in acquisition speculationSeptember 9th, 2009 Analyst downgrades DreamWorks AnimationLOS ANGELES — An analyst downgraded the shares of DreamWorks Animation SKG Inc. on Wednesday, saying speculation it would be bought by a media giant was unfounded.
Analyst: Transocean Sedco Express drilling contract day rate sets deepwater market benchmarkAugust 26th, 2009 Analyst says Transocean's new deal sets benchmarkNEW YORK — Transocean Ltd.'s new Sedco Express drilling contract day rate sets an important benchmark for the deepwater market, an analyst said Wednesday. The Swiss petroleum drilling contractor late Tuesday announced it was hired by Noble Energy Inc.
Moody's assigned 'Ba1' rating to Watson Pharma sale of $850M in senior unsecured notesAugust 18th, 2009 Moody's rates Watson note offering as 'junk'NEW YORK — Moody's Investors Service on Tuesday assigned a "junk" rating to Watson Pharmaceuticals Inc.'s $850 million offering of senior notes. Moody's gave a Ba1 rating to the sale of five- and 10-year notes.
Watson Pharmaceuticals offering $850 million in mix of senior notesAugust 18th, 2009 Watson offering $850 million in notesMORRISTOWN, N.J. — Drug developer Watson Pharmaceuticals Inc.
Genworth Financial stock slide after Citi downgrades due to recent run-up in sharesAugust 14th, 2009 Genworth shares slide after analyst downgradeCHARLOTTE, N.C. — Shares of Genworth Financial Inc.
Brightpoint head higher after Citi issues upgrade, says handset recovery should helpAugust 11th, 2009 Brightpoint shares climb after Citi upgradeNEW YORK — Shares of Brightpoint Inc. got a boost Tuesday after an upgrade from a Citi Investment Research analyst upgraded the cell phone distributor and said it should benefit from a cyclical recovery in the handset market.
Goldman analyst downgrades Lamar Advertising, says risk-reward 'unfavorable'August 4th, 2009 Goldman analyst downgrades Lamar AdvertisingNEW YORK — Shares of Lamar Advertising Co. edged only slightly lower Tuesday after a Goldman Sachs analyst downgraded the billboard operator, saying the company's shares are trading at a higher value than what they are worth.
Whitney Holding hit by Fitch Ratings downgradeJuly 1st, 2009 Whitney hit by Fitch Ratings downgradeNEW ORLEANS — Fitch Ratings has cut its rating on regional banker Whitney Holding Corp. citing its nonperforming assets, much of them related to Florida real estate.
Management consulting companies Towers Perrin and Watson Wyatt to merge in $3.5B stock dealJune 28th, 2009 Consulting firms Towers Perrin, Watson Wyatt mergeSTAMFORD, Conn. — Management consulting firms Towers, Perrin, Forster & Crosby Inc.
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