Company News: DELL, CAR, DTG, JAKK, TXT, SEED, PRSP, XEL, CSH, MMC

• Dell Inc. (NASDAQ:DELL) announced its plans to add an additional $5 billion shares to its stock-repurchase program taking the total number of shares to be re-purchased to about $2.1 billion

• Avis Budget Group (NYSE:CAR) said it will not attempt to acquire Dollar Thrifty (NYSE:DTG – Snapshot Report), citing poor market conditions

• Share prices of JAKKS Pacific, Inc. (NASDAQ:JAKK) advanced 22.31% after Oaktree Capital offered to buy the toy manufacturer for $20 per share

• Share prices of manufacturer Textron Inc. (NYSE:TXT) shares gained 6.41% after management said the company would reduce its outstanding shares

• Crop-seed company Origin Agritech Ltd.’s (NASDAQ:SEED) share prices fell 12.24% after the company lowered its forecast for the fiscal announced that its chief executive officer has resigned

• Prosperity Bancshares (NASDAQ:PRSP) announced that it has signed a definitive agreement to buy Texas Bankers, Inc. as well as Bank of Texas, its wholly-owned subsidiary

• Analysts at Jefferies initiated coverage on shares of Xcel Energy (NYSE:XEL) with a “Buy” rating and a target price of $27.50 per share

• FBR Capital initiated coverage on provider of loans and money advances Cash America’s (NYSE:CSH) shares with an “Outperform” rating

• Analysts at Ticonderoga Securities initiated coverage on Marsh & Mclennan Com (NYSE:MMC) with a “Buy” rating and a target price of $34.00.

Xcel Energy (XEL): Free Stock Analysis Report

About Zacks Investment Research 1767 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.


*