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Report: Marissa Mayer Isn't Going Anywhere
Monday, February 1, 2016 - 12:13pm | 318Yahoo! Inc. (NASDAQ: YHOO) CEO Marissa Mayer has no plans on relinquishing her title anytime soon, at least according to a report by the New York Post. According to the report, Yahoo's "embattled" CEO has earned the nickname "Evita" after the musical about Argentina'...
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JPMorgan's Food Picks: Up Sanderson Farms, Down Hershey And Mead Johnson
Monday, January 11, 2016 - 3:50pm | 393JPMorgan issued three company notes highlighting key players in the food industry. Analysts Ken Goldman and Joshua Levine downgraded Hershey Co (NYSE: HSY) from Buy to Neutral and lowered their price target from $97 to $89; Downgraded Mead Johnson Nutrition CO (NYSE: MJN) from...
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Tyson Foods Downgraded, Removed From JP Morgan Focus List
Monday, October 26, 2015 - 7:43am | 271Shares of Tyson Foods, Inc. (NYSE: TSN) have surged 22.74 percent in the last six months, hitting a high of $47.44 on October 23. JP Morgan’s Ken Goldman has downgraded the rating on the company from Overweight to Neutral, with a price target of $47. While removing the stock from JP...
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JP Morgan's New Way To Value Food Stocks Can Only Be Described As 'Fascinating'
Wednesday, September 16, 2015 - 8:48am | 681Ken Goldman of JPMorgan is expecting packaged food companies to offer investors an "attractive" 14 percent return between now and the end of the year. Goldman introduced a new six-pronged approach towards valuing food stocks Goldman warned not to short the sector, even...
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ConAgra Foods Expected To Report Single-Digit EPS Growth
Monday, June 29, 2015 - 3:35pm | 304ConAgra Foods Inc (NYSE: CAG) is scheduled to report its fourth quarter results on Tuesday before the market opens. According to Estimize, the company is expected to deliver 7 to 9 percent year-over-year earnings growth. In the fourth quarter of 2014, the packaged foods business reported...
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JP Morgan Upgrades ConAgra On 'Highly Attractive' Metric
Monday, June 22, 2015 - 9:45am | 241In a report published Monday, JP Morgan analyst Ken Goldman upgraded the rating on ConAgra Foods Inc (NYSE: CAG) from Neutral to Overweight, while raising the price target from $39 to $52, to reflect last week's announcement that the company's historically activist-oriented investor, Jana, had...
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What Wall Street Thinks Of The Kraft Heinz Merger
Wednesday, March 25, 2015 - 8:48am | 583H.J. Heinz and Kraft Foods Group Inc (NASDAQ: KRFT) announced on Wednesday that they will merge in a deal that will create the fifth largest food and beverage firm in the world and the third largest in North America. "This is my kind of transaction, uniting two world-class organizations...
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Kroger Hits Intra-Day Year High; Analysts Divided On Price
Monday, June 23, 2014 - 8:27am | 299Kroger (NYSE: KR) hit a 52-week high last Friday in intra-day trading, but analysts were divided at the current valuation. Kroger on Thursday posted adjusted quarterly earnings of $1.09 per share, up more than 18 percent from a year earlier and $0.04 ahead of estimates. Sales grew 10 percent to...
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UPDATE: JP Morgan Upgrades Kellogg, But Lowers PT Following Recent Earnings Report
Friday, February 7, 2014 - 9:31am | 129In a report published Friday, JP Morgan analyst Ken Goldman upgraded Kellogg (NYSE: K) from Underperform to Neutral but lowered the price target from $58 to $55. Goldman remained cautious. Although Kellogg has managed to increase short-term performance, Goldman was not convinced of longer term...
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Fresh Market Shares Respond Following Disappointing Q3 Earnings
Friday, November 22, 2013 - 3:33pm | 549Shares of The Fresh Market (NASDAQ: TFM) respond following disappointing third quarter fiscal 2013 earnings. On Thursday, The Fresh Market reported that net sales increased 13.4 percent to $364.5 million and comparable store sales increased 3.1 percent compared to 3Q12. The company reported third...
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UPDATE: J.P. Morgan Downgrades J.M. Smucker On Current Revenue Headwinds
Thursday, November 21, 2013 - 8:26am | 141In a report published Thursday, J.P. Morgan analyst Ken Goldman downgraded J.M. Smucker (NYSE: SJM) from an Overweight rating to a Neutral rating and lowered the price target from $123.00 to $110.00. In the report, J.P. Morgan says "We are downgrading SJM to Neutral from Overweight and lowering...
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UPDATE: J.P. Morgan Reiterates on ConAgra Foods Following Meetings with CEO and CFO
Wednesday, November 20, 2013 - 11:47am | 159In a report published Wednesday, J.P. Morgan analyst Ken Goldman reiterated a Neutral rating on ConAgra Foods (NYSE: CAG), and raised the price target from $31.00 to $33.00. In the report, J.P. Morgan noted, “We recently hosted a series of meetings with CAG management, including CEO Gary Rodkin...
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Yahoo Soars After Q3 EPS Earnings Beat (YHOO)
Tuesday, October 15, 2013 - 4:37pm | 404Yahoo (NASDAQ: YHOO) is up more than five percent in after hours trading after announcing its third-quarter earnings results. The company reported a Q3 EPS of $0.34 versus the Street estimate of $0.33. Despite the beat, earnings per share were down three percent from the year-ago period. Revenue...
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UPDATE: J.P. Morgan Upgrades Mead Johnson Nutrition on Multiple Positive Factors
Tuesday, September 17, 2013 - 12:10pm | 173In a report published Tuesday, J.P. Morgan analyst Ken Goldman upgraded the rating on Mead Johnson Nutrition (NYSE: MJN) from Neutral to Overweight, and raised the price target from $78.00 to $88.00. In the report, J.P. Morgan noted, “We believe today, when analyzing MJN, the company's top line...
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UPDATE: J.P. Morgan Downgrades Kellogg Company on Recommended Cautious Stance
Tuesday, September 17, 2013 - 11:15am | 201In a report published Tuesday, J.P. Morgan analyst Ken Goldman downgraded the rating on Kellogg Company (NYSE: K) from Neutral to Underweight, and lowered the price target from $65.00 to $58.00. In the report, J.P. Morgan noted, “We recommend investors exhibit a level of caution with Kellogg....