Dallas, TX -- (SBWIRE) -- 03/22/2013 -- 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:-
Micron Technology, Inc. (NASDAQ:MU) shares decreased 2.58% to $9.07. The company, on Mar. 21, reported a second-quarter loss of $286 million, or 28 cents a share, compared with a loss of $282 million, or 29 cents a share, for the year-earlier period. Revenue increased to $2.08 billion from $2.01 billion in the same quarter last year. Analysts were expecting the chip company to report a loss of 20 cents a share, on revenue of $1.92 billion.
Additionally, MU‘s stock had its “outperform” rating reaffirmed by Wedbush in a research note issued on Mar. 18. They currently have a $11.00 price target on the stock, up from their previous price target of $10.00.
How Should Investors Trade MU After The Recent Price movement? Find out Here
Arch Coal Inc (NYSE:ACI) shares fell 2.55% to $5.36. ACI’s stock was upgraded by analysts at Nomura from a “reduce” rating to a “neutral” rating in a research report issued to clients and investors on Mar. 18.
Additionally, the company, on Mar. 12, announced that employees in Colorado and West Virginia recently earned a total of 10 statewide safety and environmental awards, including Colorado's top coal mine safety award.
Is ACI a Strong Buying Opportunity After The Recent Slump? Find out Here
Standard Pacific Corp. (NYSE:SPF) shares decreased 2.54% to $8.84. SPF’s stock had its target price boosted by FBR Capital from $8.50 to $9.50 in a research note issued to investors on Feb. 7.
Additionally, the company, on Jan. 31, reported fourth-quarter net income of $286.8 million or $1.22 per share, compared to $8.7 million or $0.04 per share in the comparable quarter last year. Analysts expected the company to earn $0.07 per share for the quarter. Total revenues for the quarter rose to $419.84 million from $293.16 million in the prior-year quarter, while analysts had a consensus revenue estimate of $372.87 million for the quarter.
Is SPF a Buy After The Latest Price Action? Find Out Here
State Street Corporation(NYSE:STT) shares dropped 2.53% and closed at $59. The State Street Corporation (State Street) and Boston Financial Data Services, Inc. (Boston Financial), a joint venture of State Street and DST Systems, Inc., announced on Mar. 11 that they have been appointed by Transamerica Asset Management (Transamerica) to provide a full range of investment services for over $55.5 billion in assets.
Is STT Is STI a Buy After The Latest Price Action? Find Out Here a Buy After The Latest Price Action? Find Out Here
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