![]() Stifel, Nicolaus & Co raised the price target on Healthways’ stock to $19 from $13. The healthcare service provider reported a smaller-than-expected quarterly loss helped by addition of new contracts in the first quarter. The company is turning the corner and will continue to benefit from better controlled operating expenses and new marketing and growth initiatives, analyst Nat Schindler wrote. Gross profit in the quarter also improved due to a shift to higher margin home and garden products, and lower warehousing costs, in turn boosting profit.īofA Merrill raised its rating on the stock to buy from neutral, according to Benzinga. The discount e-retailer reported a 19 percent jump in revenue on Thursday, helped by higher average order size. The brokerage said it expects the Swiss bank to post a “solid operational result” in the first quarter. investment firm Royalty Pharma on Monday made an improved $12 per share bid for Elan, which has rejected its suitor’s overtures and wants to remain an independent company.ĭeutsche Bank raised the stock to “buy” and increased its price target to SFR18 from SFR16. healthcare firm Johnson & Johnson cut its stake in Elan on Thursday in a move that clouds prospects for a $7.3 billion takeover bid for the Irish drugmaker. restaurants fell 1.2 percent in a tough environment. The fast-food chain reported a slight rise in first-quarter profit on Friday, but sales at established U.S. The world’s biggest maker of jet engines and electric turbines reported a first-quarter profit in line with Wall Street’s expectations on Friday, as the conglomerate sold more jet engines and shed its stake in NBC Universal. The company said it would cut the production rate for the latest version of its 747 jumbo jet from 2 aircraft per month to 1.75 aircraft citing lower demand for large passenger and cargo planes but added that the change was not expected to have a significant financial impact. ![]() Lenovo Group said on Friday it was in preliminary talks regarding a potential acquisition, following a media report that IBM was negotiating the sale of its x86 server hardware business to the Chinese computer maker. Three brokerages cut their price targets on IBM shares and warned its weak earnings suggested results would also be disappointing at other hardware technology companies such as EMC, Dell Inc and HP. The technology services company blamed a poor performance by its sales force for some of the shortfall. IBM reported a rare quarterly earnings miss as it struggled with the depreciation of the Japanese yen and a failure to close a number of major deals, especially in Europe and the United States. ** LEXMARK INTERNATIONAL INC, $24.88, down 2.5 pct (1006 ET) But the S&P 500 gained 11.34 points or 0.74 percent and the Nasdaq Composite added 40.21 points or 1.27 percent. The Dow Jones industrial average fell 16.28 points or 0.11 percent. ![]() stocks rose on Friday, bouncing back a day after the S&P 500 closed below its 50-day moving average for the first time in 2013, but IBM’s largest drop in eight years kept the Dow in slightly negative territory. ![]() stocks on the move on Friday: WALL ST REBOUNDS, ALL EYES ON BOSTON (DickFor more market insights, including options activity, click on for the Day Ahead newsletter /mex49s for the Morning News Call newsletter, /faq23t)Īpril 19 (Reuters) - Some U.S. ![]()
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