Dallas, TX -- (SBWIRE) -- 03/07/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Allied Nevada Gold Corp. (NYSEAMEX:ANV) shares jumped 6.01% and closed at $18 in the last trading session. ANV’s stock had its price target lowered by CIBC from $39.00 to $30.00 in a research report sent to investors on Feb. 26. The firm currently has a sector perform rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of ANV from $35.00 to $28.00 in a research note to investors last month. They now have a sector perform rating on the stock.
How Should Investors Trade ANV AfterThe Recent Price movement? Find out Here
Universal Display Corporation (NASDAQ:PANL) shares increased 5.92% to $34.55. The company, on Mar. 5, said it expects OLED televisions to take off in 2014 and will bank on smartphones until then. OLED displays, which offer better color, contrast and power efficiency than LCDs, are commonly used in mobile phones and are billed the next big thing in TV display.
Additionally, the company last week reported fourth quarter net income of $5.39 million, versus $5.73 million in the prior-year quarter. However, earnings per share remained flat with last year at $0.12. Analysts expected the company to report earnings of $0.13 per share for the quarter. Revenues for the quarter surged 51 percent to $28.13 million from $18.66 million in the same quarter last year, and topped analysts' consensus estimate of $26.44 million.
Is PANL a Strong Buying Opportunity After The Recent Slump? Find out Here
GrafTech International Ltd (NYSE:GTI) shares gained 5.86% and closed at $6.87. Zacks upgraded shares of GTI from an underperform rating to a neutral rating in a research note issued to investors last week. The firm currently has $8.70 target price on the stock.
Additionally, the company released its earnings data on February 26. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The company had revenue of $371.00 million for the quarter, compared to the consensus estimate of $317.10 million.
Is GTI a Buy After The Latest Price Action? Find Out Here
Zillow Inc (NASDAQ:Z) shares jumped 5.71% and closed at $50.14 in the last trading session. The company announced additional details of its first Investor and Analyst Day scheduled for March 27, 2013 in San Francisco. The event will be held at the Westin Market Street, 50 Third Street, San Francisco, from 8 a.m. until 1:30 p.m. PT.
Is Z a Buy After The Latest Price Action? Find Out Here
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