Wall St. edges up after upbeat data, Greek bailout agreement

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Go back to Wall St. edges up after upbeat data, Greek bailout agreement

Jefferies Raises Price Target on Sysco Corp. (SYY) to $45 As Trian Takes 7% Stake

August 17, 2015 11:51 AM EDT

Jefferies reiterated a Hold rating on Sysco (NYSE: SYY), and raised the price target to $45.00 (from $39.00), as Trian announces 7% stake in SYY. Trian is pushing for a board seat, improvements in profitability, increased debt leverage for share buyback and better management incentives. The 7% stake... More

Wedbush Cuts Price Target on King Digital Entertainment (KING) Following 6c EPS Beat

August 14, 2015 8:09 AM EDT

Wedbush reiterated an Outperform rating on King Digital Entertainment (NYSE: KING), and cut the price target to $18.00 (from $21.00), following 2Q15 results. Q2 bookings of $529 million were ahead of consensus expectations of $490.03M, and exceeded the high end of guidance. EPS of $0.49 beat the consensus figure by $0.06. Management expects Q3 bookings of $460 485 million, down 8% sequentially at the... More

RBC Capital Cuts Price Target on King Digital Entertainment (KING) Following 2Q15 Earnings

August 14, 2015 7:46 AM EDT

RBC Capital maintained an Outperform rating on King Digital Entertainment (NYSE: KING), and cut the price target to $15.00 (from $17.00), following its 2Q15 earnings report. Revenue of $496MM came in above Street estimates at $482MM. Gross Bookings of $529MM came in ahead of Street... More