Company News: HRL, CODI, BAC, BRK.A, BRK.B, RLRN, URBN, AVNW, FBNK, VMI

• Hormel Foods (NYSE:HRL) reported Q3 EPS of $0.37, beating the Zacks Consensus Estimate of $0.35. Revenues for the quarter rose 10.4% to $1.91 billion, exceeding the Zacks Consensus Estimate of $1.881 billion

• Compass Diversified Holdings (NASDAQ:CODI) said that it has recently acquired a controlling interest in CamelBak Products. CamelBak is credited with the invention of the hands-free hydration category and the company is the global leader in personal hydration gear

• Banking giant Bank of America’s (NYSE:BAC) shares advanced 9.44% to close at $7.65 after it announced that Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) plans to invest $5 billion in the bank

• Educational software maker Renaissance Learning (NASDAQ:RLRN – Snapshot Report) shares gained 6.75% after the company said it has received an unsolicited proposal from Plato Learning

• A regulatory filing showed Urban Outfitters Inc.’s (NASDAQ:URBN) CEO sold 20,000 shares of the company this week. Following this, the share prices of the clothing retailer declined 5.58% to close at $24.21

• Share prices of Aviat Networks, Inc. (NASDAQ:AVNW) fell 16.84% after the microwave radio manufacturer projected sales figures lower than estimates for the first quarter. The company also announced that its CFO has resigned

• Analysts at Stifel Nicolaus initiated coverage on shares of First Connecticut Bancorp (NASDAQ:FBNK) with a “Buy” rating and a target price of $15

• Analysts at KeyBanc Capital Markets initiated coverage on shares of Valmont (NYSE:VMI) with a “Buy” rating and a target price of $100.

URBAN OUTFITTER (URBN): Free Stock Analysis Report

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