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Market Could Be Surprised With This Petrobras Number?
Wednesday, September 30, 2015 - 10:06am | 295Read More...Petroleo Brasileiro SA - Petrobras (ADR) (NYSE: PBR) shares have lost 42 percent year-to-date, trading below the $5 mark since September 9. JP Morgan’s Marcos M Severine maintained a Neutral rating on the company. While stating that the price hikes announced by the company are...
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JPMorgan Is 'Reversing Course' On Valspar, Upgrades To Overweight
Saturday, September 19, 2015 - 10:23am | 331Read More...In a report published Friday, analysts at JPMorgan led by Jeffrey J. Zekauskas raised their rating on The Valspar Corp (NYSE: VAL) from Neutral to Overweight. In addition, they boosted their price target on the stock by $1.00 to $83.00. Shares of Valspar were slightly up on Friday trading....
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Turkish Telecoms: The Next Great Investment?
Thursday, September 17, 2015 - 9:24am | 416Read More...Analysts at JP Morgan are bullish on Turkish telecom providers. Shares of TURK TELEKOMUNIKASYO (OTC: TRKNF) was upgraded to Overweight while shares of Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE: TKC) were maintained at Overweight. Both investments are expected to yield a 25 percent...
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JP Morgan Upgrades Hershey To Overweight Amid New Valuation Methodology in Packaged Food Sector
Wednesday, September 16, 2015 - 9:33am | 317Read More...Hershey Co (NYSE: HSY) shares have lost 14 percent year-to-date, declining steadily since January 22. JP Morgan’s Ken Goldman upgraded the rating for the company from Neutral to Overweight, while raising the price target from $90 to $100. China’s contribution to Hershey’...
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Petrobras Downgrade: Fundamentals Outpace Management
Friday, September 11, 2015 - 10:54am | 376Read More...Petroleo Brasileiro Petrobras SA (ADR) (NYSE: PBR) shares are down 35 percent year-to-date, not reaching a double-digit price after May. JP Morgan’s Marcos M. Severine downgraded the rating for the company from Overweight to Neutral, while reducing the price target from $10.5 back to $...
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Introducing...Apple's iAnywhere 'Cornucopia'
Thursday, September 10, 2015 - 10:30am | 338Read More...Shares of Apple Inc. (NASDAQ: AAPL) have declined 13.36 percent over the past six months. JP Morgan’s Rod Hall has maintained an Overweight rating and price target of $145 on the company, Apple provided several product updates, which Hall expects would add 3.1 percent to the current...
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Terex Investors Might Want To Worry About This Downgrade
Wednesday, September 9, 2015 - 10:40am | 323Read More...The share price of Terex Corporation (NYSE: TEX) has dropped more than 23 percent year-to-date. JP Morgan’s Ann Duignan has downgraded the rating on Terex from Neutral to Underweight, while lowering the price target from $25 to $23. Duignan expressed concern regarding the deal with...
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US Stock Futures Signal Higher Start On Wall Street
Tuesday, September 8, 2015 - 7:07am | 413Read More...Pre-open movers US stock futures traded higher in early pre-market trade. Data on consumer credit for July will be released at 3:00 p.m. ET. Futures for the Dow Jones Industrial Average jumped 296 points to 16,415.0, while the Standard & Poor's 500 index futures rose 36.70 points to 1,958.45....
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Rod Hall: What The Apple/Cisco Enterprise Alliance Means
Tuesday, September 1, 2015 - 11:48am | 263Read More...Apple Inc. (NASDAQ: AAPL) and Cisco Systems, Inc. (NASDAQ: CSCO) recently announced a partnership to create a fast lane for iOS business users. JP Morgan's Rod Hall said that the partnership is a "material plus" for Apple, while the firm doubts that "the alliance means...
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Rod Hall: VMWare, EMC Deal Was 'Never' Likely
Tuesday, September 1, 2015 - 11:36am | 336Read More...VMware, Inc. (NASDAQ: VMW) CEO Pat Gelsinger said during the company's VMWorld event that it was not interested in acquiring EMC Corporation (NYSE: EMC). JP Morgan's Rod Hall said that he was not surprised as the firm was "never particularly convinced" that a deal "was...
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Lowered Miner Estimates Lead To Southern Copper Downgrade
Monday, August 31, 2015 - 7:49am | 309Read More...Southern Copper Corp (NYSE: SCCO) shares are down 8 percent in the last three months, even after picking up momentum last week and rising 6 percent. JP Morgan’s Rodolfo Angele downgraded the rating on the company from Overweight to Neutral, while reducing the price target from $37.00...
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JP Morgan's Head Of Quant/Derivatives Forecasts Revisit Of End-Of-Day Violent Selling, Sees More On The Way
Thursday, August 27, 2015 - 3:39pm | 230Read More...In a note that was issued mid-day Thursday JP Morgan's Marko Kolanovic lays out reasoning for expecting further violent selling periods. Kolanovic commended his team for predicting the violent sell-off on Monday after watching a build in selling pressure that started one week ago....
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Puma Biotech Is Wounded, But May Have Claws: JP Morgan
Thursday, August 27, 2015 - 10:15am | 284Read More...The share price of Puma Biotechnology, Inc. (NYSE: PBYI) has decline more than 53 percent year-to-date after having achieved a peak of $249.71 in March. JP Morgan’s Cory Kasimov has initiated coverage of Puma Biotechnology with an Overweight rating and price target of $122. Kasimov...
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Marathon Petroleum Is Worth $61, So JP Morgan Is Upgrading
Wednesday, August 26, 2015 - 9:08am | 417Read More...Shares of Marathon Petroleum Corp. (NYSE: MPC) have declined about 21 percent in the last five days, with the share price close to the trough seen in mid-January. JP Morgan’s Phil Gresh upgraded Marathon Petroleum from Neutral to Overweight, while maintaining the price target at $61...
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JP Morgan Cuts Canadian Natural Resources, Says It Has No 2016 Hedges In Place
Wednesday, August 26, 2015 - 8:22am | 335Read More...Shares of Canadian Natural Resource Ltd. (USA) (NYSE: CNQ) have declined more than 37 percent year-to-date, falling a little over 11 percent in the last five days. Phil Gresh of JP Morgan downgraded Canadian Natural Resource from Overweight to Neutral, maintaining the price target at C$36...
