Top Stock Movers: Brinker International, Discover Financial Services, Hersha Hospitality Trust, Biogen Idec Inc

Lakeway, TX -- (SBWIRE) -- 03/04/2013 -- Bestdamnpennystocks, 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:-

Brinker International, Inc. (NYSE:EAT) shares gained 1.47% to $33.87. The company will participate in two upcoming investment conferences. The dates and times of the presentations are March 4 - 1:05 p.m. EST (Raymond James' 34th Annual Institutional Investors Conference to be held in Orlando) and March 12 - 9:20 a.m. EST (Bank of America Merrill Lynch 2013 Consumer & Retail Conference to be held in New York City).
Additionally, the company last week provided an update on the Company’s fiscal 2013 outlook and shared long-term goals. The business strategies for the next five years build upon the foundation of Brinker’s current successes. The Company has evolved to operate in a mature space by reducing costs in the middle of the P&L while reinvesting back into the business with initiatives that enhance the guest experience.

How Should Investors Trade EAT After The Recent Movement? Find Out Here

Discover Financial Services (NYSE:DFS) shares jumped 1.43% and closed at $39.08 in the last trading session. DFS‘s stock had its “buy” rating reiterated by investment analysts at Nomura in a note issued to investors on Feb. 27. They currently have a $50.00 target price on the stock.
Additionally, the company said it is adding checking accounts to its array of financial-services products as it looks to leverage its national credit-card brand to take on branch banks. The online accounts are expected to help Discover further broaden its base of consumer deposits, which provide a cheap source of funding for its loans.

Is DFS Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Hersha Hospitality Trust (NYSE:HT) shares gained 1.43% to $5.69. The company, on Feb. 25, announced that it has priced a public offering of 3,000,000 shares of its 6.875% Series C cumulative redeemable preferred shares of beneficial interest, par value $.01 per share ($25.00 liquidation preference per share), for gross proceeds of $75,000,000.
Additionally, thestreet upgraded shares of HT from a hold rating to a buy rating on Feb. 26.

Is HT a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

Biogen Idec Inc. (NASDAQ:BIIB) shares gained 1.42% to $168.70. The company announced that it will present at the Cowen and Company 33rd Annual Healthcare Conference. The webcast will be live on Monday, March 4, 2013 at 1:30p.m. ET.
Additionally, analysts at Morgan Stanley increased their price target on shares of BIIB from $170.00 to $177.00 in a research report issued to clients and investors on Mar. 1.

How Should Investors Trade BIIB After The Latest Earnings Report? Find Out Here

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