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Under Armour: Wall Street Firms Explain Why It's Best To Avoid The Stock
2015-04-01 19:05:28| Footwear - Topix.net
Two Wall Street firms issued higher price targets on Under Armour during the last week, FBR and Deutsche Bank at $90 and $88, respectively. Like previous firms, most upside stock talk seems aimed directly at Under Armour's opportunity in the basketball shoe arena.
Rock-Tenn (RKT) Stock Declining Today on Guidance Cut
2015-04-01 18:43:30| Paper - Topix.net
Rock-Tenn is now expecting earnings for the quarter to be in a range between 70 cents and 75 cents per share, compared to its previous forecast of 80 cents to 90 cents per share. The company said that although its corrugated packaging business continues to perform well volume performance has been "more than offset" by a harsh winter which included natural gas curtailment and challenging logistics execution that impacted operations during the quarter, electrical failure in its Panama City mill in early February, and lower promotional activity.
Tags: today
stock
cut
guidance
Valeant victorious in battle for Salix, gets majority of drug maker's stock
2015-04-01 15:20:42| Biotech - Topix.net
Valeant Pharmaceuticals International Inc. says its US$11.1-billion friendly takeover bid for Salix Pharmaceuticals, Ltd. was successful, with about three-quarters of all Salix shares tendered by the deadline early Wednesday. Valeant's offer of US$173 in cash per Salix share defeated a rival bid from Dublin-based Endo International, which had offered a combination of stock and cash valued at about US$175 per share.
Tags: stock
drug
majority
battle
UTi Worldwide (UTIW) Stock Falls in After-Hours Trading Today on Weak Financial Results
2015-04-01 05:11:12| Logistics - Topix.net
The Long Beach, CA-based supply chain services and solutions company reported that fourth quarter revenue decreased 10% to $964.6 million compared to $1.071 billion last year. For the full year, the company experienced a 5.8% decrease in revenue to $4.18 billion from $4.44 billion.
Tags: results
today
stock
financial
Is General Mills, Inc. Stock a Buy?
2015-04-01 03:11:13| Agriculture - Topix.net
In a market where high growth companies are grabbing headlines, and the underlying economy is growing, is there a place in your portfolio for an age-old food company with shrinking sales? ) investors today, and it is not an easy one to answer. In some ways, owning a consumer staple that will generate sales in good times and bad is a smart move, and in other ways, the shrinking company could be a value trap.
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