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Business Wire (Free subscription) | 11/05/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of 'AA-/F1+' to the floater certificates and a rating of 'AA-' to the residual certificates of Wells Fargo Stage Trust, series 2009-76C. The long-term 'AA-' rating is based on the higher of the rating that Fitch has assigned to the custody level credit enhancement provided by Wells Fargo & Company (currently rated 'AA-/F1+' by Fitch) securing...
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Business Wire (Free subscription) | 11/05/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of 'AA/F1+' to the floater certificates and a rating of 'AA' to the residual certificates of Wells Fargo Stage Trust, series 2009-77C. The long-term 'AA' rating is based on the higher of the rating that Fitch has assigned to the custody level credit enhancement provided by Wells Fargo & Company (currently rated 'AA-/F1+' by Fitch) securing...
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BloggingStocks (Free subscription) | 11/04/2009
Filed under: Analyst reports , Analyst upgrades and downgrades , Berkshire Hathaway (BRK.A) , Analyst initiations Analyst upgrades: Oppenheimer upgraded Viacom (NYSE: VIA , VIA.B ) to Outperform from Perform following the better-than-expected Q3 results to reflect an improving outlook for all the company's segments. The firm raised its target on shares to $36. Deutsche Bank upgraded C.R. Bard (NYSE:...
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BloggingStocks (Free subscription) | 11/02/2009
Filed under: Analyst reports , Analyst upgrades and downgrades , Comcast Cl'A' (CMCSA) , Research in Motion (RIMM) , Yum Brands (YUM) , Analyst initiations Analyst upgrades: Jefferies upgraded Biogen (NASDAQ: BIIB ) to Buy from Hold based on valuation. The firm, which has a $50 target on the stock, believes Tysabri PML cases are reflected in shares. Deutsche Bank upgraded Nordstrom (NYSE: JWN ) to...
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MarketIntelligenceCenter.com (Free subscription) | 10/30/2009
Stanley Inc. (SXE) was upgraded today by analysts at Wells Fargo and the stock is now at $28.15, up $2.36 (9.15%) on volume of 405,143 shares traded. The stock is trading sharply higher today following yesterday's 35% profit jump. The company reported third quarter earnings of 49 cents per share, which was well above the 42 cent estimate that analysts were expecting to see. The company also recieved...
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BloggingStocks (Free subscription) | 10/30/2009
Filed under: Analyst upgrades and downgrades , Analyst initiations Analyst upgrades: Toll Brothers (NYSE: TOL ) was upgraded to Buy at Citigroup. The firm views the recent sell-off in home building stocks as a buying opportunity and thinks Toll Brothers offers the best risk/reward in its coverage universe. Citi keeps a $23 price target on the stock. Kellogg (NYSE: K ) was upgraded to Buy from Hold...
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Business Wire (Free subscription) | 10/29/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of 'AA-/F1+' to the floater certificates and a rating of 'AA-' to the residual certificates of Wells Fargo Stage Trust, series 2009-75C. The long-term 'AA-' rating is based on the rating that Fitch has assigned to the custody level credit enhancement provided by Wells Fargo & Company (currently rated 'AA-/F1+') securing the custodial receipts...
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Payment News (Free subscription) | 10/29/2009
Payments industry veteran John M. Perry has joined Transaction Network Services Payments division as General Manager of the Americas. Perry`s role will focus on "driving the growth of TNS' payments business by exploring new market opportunities and developing the company's global customer base." Prior to joining TNS, Mr Perry was Executive Vice President of Global Sales and Marketing at Ruesch...
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PR News Wire (Free subscription) | 10/28/2009
NEW YORK, Oct. 28 /PRNewswire-FirstCall/ -- NorthStar Realty Finance Corp. (NYSE: NRF) today announced that it has completed a three year renewal and restructuring of its $374 million credit facility with Wachovia Bank, National Association ("Wachovia"), a subsidiary of Wells Fargo & Company ("Wells Fargo"). Significant components of the renewed credit facility include the following:...
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BloggingStocks (Free subscription) | 10/28/2009
Filed under: Analyst upgrades and downgrades , Intel (INTC) , Target Corp. (TGT) , Archer-Daniels-Midland (ADM) , Analyst initiations Analyst upgrades: Target (NYSE: TGT ) was upgraded two ratings to Buy from Sell at Citigroup, and it raised its price estimate on shares to $61 from $44. The firm sees significant earnings upside as the company's same-store sales improve and finds the valuation attractive...
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24/7 Wall St. (Free subscription) | 10/28/2009
We have just seen a biotech company named Aldagen, Inc. file for an initial public offering of common stock. This will trade under the proposed stock ticker “ALDH” on NASDAQ. The company is developing proprietary regenerative cell therapies that target significant unmet medical needs. The joint book-runners were listed as Cowen & Co. and Wells Fargo [...]
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MarketIntelligenceCenter.com (Free subscription) | 10/27/2009
Williams Companies (NYSE: WMB) opened at $18.91. So far today, the stock has hit a low of $18.85 and a high of $19.30. WMB is now trading at $19.10, up $0.23 (1.22%). Over the last 52 weeks the stock has ranged from a low of $9.52 to a high of $21.61. WMB shares are rising this morning after analysts at Wells Fargo resumed coverage on the stock, givi...
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BloggingStocks (Free subscription) | 10/27/2009
Filed under: Analyst upgrades and downgrades , Intel (INTC) , Verizon Communications (VZ) , Texas Instruments (TXN) , Analyst initiations Analyst upgrades: Verizon (NYSE: VZ ) was upgraded to Outperform from Market Perform at Wells Fargo, which believes Verizon wireline margins troughed in Q3 and that Street estimates have been reset to more achievable levels. Texas Instruments (NYSE: TXN ) was upgraded...
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The Financial Page (Free subscription) | 10/26/2009
Before the financial crisis, the banking industry was too concentrated and clubby. And now? It’s even more so. In the midst of the crisis, the country’s four biggest banks—Citigroup, Bank of America, JPMorgan Chase, and Wells Fargo—actually got bigger. Thanks primarily to . . .