NEW YORK, January 16, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Target (NYSE: TGT), PPG Industries (NYSE: PPG), Intel (NASDAQ: INTC), Pilgrim's (NASDAQ: PPC), and BP PLC (NYSE: BP). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
TGT Research Report: ( http://get.analystsreview.com/pdf/?c=Target&d=16-Jan-2015&s=TGT ),
PPG Research Report: ( http://get.analystsreview.com/pdf/?c=PPG%20Industries&d=16-Jan-2015&s=PPG ),
INTCResearch Report: ( http://get.analystsreview.com/pdf/?c=Intel&d=16-Jan-2015&s=INTC ),
PPCResearch Report: ( http://get.analystsreview.com/pdf/?c=Pilgrim%27s&d=16-Jan-2015&s=PPC ),
BPResearch Report: ( http://get.analystsreview.com/pdf/?c=BP%20PLC&d=16-Jan-2015&s=BP ).
Analyst Update: Upcoming Results, Dividend Declaration,Financial Results, and Corporate Updates
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks fell for the fifth session in a row on Thursday, led by decline in the financial sector stocks following disappointing earnings from major Wall Street banks and continued concerns over the global economic growth. The Swiss equity markets tumbled after the Swiss central bank scrapped its three-year old ceiling on franc. The move drove franc soaring against euro on Thursday, leaving investors fretted over its potential negative impact on exports of Switzerland. The Dow Jones Industrial Average ended the session 0.61% lower at 17,320.71, the S&P 500 lost 0.92% to close at 1,992.67, and the Nasdaq Composite dropped 1.48% to 4,570.82. Meanwhile, the European markets rallied on Thursday after Swiss central bank lifted the cap on franc. The Swiss central bank's action is seen as an indication of a higher magnitude of the upcoming stimulus programme from the European Central Bank to counter deflation. Most Asian markets were higher on Thursday, led by a sharp rally in the Indian benchmark indices following a policy rate cut.
Court approved Target Corporation's (Target) decision to exit Canadian operations, as CEO laments 'early missteps' made by the firm. The Minneapolis-based Company also announced dividend of 52 cents per common share, payable on March 10, 2015 to shareholders of record at the close of business on February 18, 2015. Read more about the Target's decision and the court order in our research report.
PPG Industries Inc (PPG Industries) reported Q4 2014 and full-year 2014 earnings that topped Zacks estimates. The Pittsburgh-based Company also declared a regular quarterly dividend of 67 cents per share, payable March 12, 2015 to shareholders of record on February 20, 2015. The Company also repurchased $300 million worth of stock in Q4 2014. A further detailed analysis of the financial results is available in our research report on PPG Industries.
lntel Corporation's (Intel) Q4 2014 revenue and earnings surpassed analysts' expectations. In a January 15, 2015 press release, the Santa Clara, California-based firm reported fourth quarter earnings of 74 cents per share on revenues of $14.72 billion. Analysts were expecting Intel to report quarterly earnings per share of 66 cents on $14.71 billion in revenues, according to a consensus estimate from Thompson Reuters. Read more about the financial results and 2015 outlook in our research report on Intel.
Shares of Pilgrim's Pride Corporation (Pilgrim's) rallied almost 10% to end at $34.57, a day after the Company announced that it will pay a special cash dividend of $5.77 per share aimed at improving its capital structure and generating shareholder value. Read more about the payout and other latest developments affecting the Company in our research report on Pilgrim's.
BP PLC shareholders breathed a sigh of relief as U.S. District Court for the Eastern District of Louisiana puts the size of oil spill well below the government's estimate. The third phase of the Clean Water Act (CWA) trial, currently scheduled to begin in the Court on January 20, 2015, will address the penalty to be assessed. Read more about the court order and the way forward in our research report on BP PLC.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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