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:-
Xerox Corporation (NYSE:XRX) shares dropped 2.40% and closed at $8.55. The company, on Mar. 14, announced its annual Business Innovation Partner of the Year awards, acknowledging the efforts of leading partners that help the company and its customers capture new opportunities and achieve business success.
How Should Investors Trade XRX After The Recent Price movement? Find out Here
GrafTech International Ltd (NYSE:GTI) shares fell 2.40% and closed at $7.74. Investment analysts at Sidoti began coverage on shares of GTI in a note issued to investors on Mar. 18. The firm set a “buy” rating 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 Strong Buying Opportunity After The Recent Slump? Find out Here
Cirrus Logic, Inc.(NASDAQ:CRUS) shares fell 2.39% to $22.83 after Equities researchers at Canaccord Genuity cut their target price on shares of Cirrus from $35.00 to $30.00 in a report issued on Mar. 21. The firm currently has a “buy” rating on the stock. Separately, CRUS‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Mar. 13. They currently have a $42.00 target price on the stock.
Additionally, Glancy Binkow & Goldberg LLP on Mar. 13 announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of Cirrus Logic, Inc. between July 31, 2012 and October 31, 2012, inclusive (the "Class Period").
Is CRUS a Buy After The Latest Price Action? Find Out Here
Celanese Corporation(NYSE:CE) shares decreased 2.38% to $43.11 in the last trading session. The company, on Mar. 4, announced it signed a Memorandum of Understanding (MOU) with Pertamina, the state-owned energy company of the Republic of Indonesia, and will begin the detailed project planning phase for the development of fuel ethanol projects in Indonesia.
In line with its long-term strategy to develop new and domestic energy capabilities, Pertamina is working with Celanese to jointly develop synthetic fuel ethanol projects in Indonesia utilizing Celanese’s proprietary TCX® ethanol process technology.
Is CE a Buy After The Latest Price Action? Find Out Here
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