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Amazon Reported Revenue of $17.09 Billion

Amazon reported revenue of $17.09 billion in the third quarter but at the same time lost money in the process. The company’s investors were happy about the report. The third quarter revenue was up 24 percent and around $400 million more than estimates made by analysts. The high volume earned by Amazon was not enough to yield a profit. The company lost $41 million or 9 cents per share. The losses were at par with the estimates made by analysts. After the release of the report, the stock went up $29 to $361 in after-hours trading. Since 2008, the... 
 

Omnicom Merges with Publicis to Form Largest Ad Company

Omnicom Group and Publicis Groupe announced their merger that will form the world’s biggest advertising holding company. The combined company will have a market cap of $35 billion. The company will be known as Publicis Omnicom Group. The new company will be led by Omnicom CEO John Wren and Publicis CEO Maurice Levy. The two will be co-chief executives. The merger will bring together well-known ad companies such as Publicis’ Leo Burnett and Saatchi & Saatchi and Omnicom’s TBWA Worldwide, BBDO Worldwide, and DDB Worldwide. The new company... 
 

Oracle Corp. Receives “Neutral” Rating from Wedbush (ORCL)

Oracle Corp. (NASDAQ: ORCL)‘s stock had its “neutral” rating restated by Wedbush in a research note issued on Friday, StockRatingsNetwork reports. They currently have a $36.00 target price on the stock. Wedbush’s price objective would indicate a potential upside of 8.40% from the company’s current price. The analysts wrote, “ORCL missed 4Q revenue expectations by about $160M (about 150 bps), largely on weak licenses…Despite ORCL’s 3Q miss, this miss shocked us. ORCL rarely misses a 4Q, and the company... 
 

Groupon Upgraded to Buy by Deutsche Bank (GRPN)

Groupon (NASDAQ: GRPN) was upgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $10.00 price target on the stock, up from their previous price target of $6.00. Deutsche Bank’s price objective indicates a potential upside of 45.77% from the company’s current price. The analysts wrote, “the company should be in a position to grow billings 20%+ on the transition... 
 

Southern Downgraded by Jefferies Group to “Hold” (SO)

Southern (NYSE: SO) was downgraded by investment analysts at Jefferies Group from a “buy” rating to a “hold” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $46.00 price objective on the stock. Jefferies Group’s target price would indicate a potential upside of 3.02% from the stock’s previous close. The analysts wrote, “With the current investor focus over lower ROEs and cost overruns at the Kemper County IGCC plant, Jefferies believes that the stock will... 
 

SunTrust Stock Rating Lowered by UBS AG (STI)

SunTrust (NYSE: STI) was downgraded by stock analysts at UBS AG from a “buy” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call. Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of SunTrust in a research note to investors on Tuesday, June 4th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of... 
 

Chipotle Mexican Grill’s Buy Rating Reaffirmed at Miller Tabak (CMG)

Chipotle Mexican Grill (NYSE: CMG)‘s stock had its “buy” rating restated by investment analysts at Miller Tabak in a note issued to investors on Thursday, AnalystRatingsNetwork reports. They currently have a $400.00 price target on the stock, up from their previous price target of $395.00. Miller Tabak’s price objective would indicate a potential upside of 8.79% from the stock’s previous close. The analysts wrote, “Qdoba, the second largest fast casual Mexican chain in the U.S., would close more than 10% of its... 
 

MB Financial Now Covered by Analysts at DA Davidson (MBFI)

Equities researchers at DA Davidson began coverage on shares of MB Financial (NASDAQ: MBFI) in a research report issued on Thursday, AnalystRatings.Net reports. The firm set a “buy” rating and a $30.00 price target on the stock. DA Davidson’s price target would indicate a potential upside of 14.64% from the stock’s previous close. The analysts wrote, “We are initiating coverage of MB Financial with a BUY rating and a price target of $30. MBFI shares trade at a 1-point P/E multiple discount to 2013 EPS versus the D.A.... 
 

Discovery Coverage Initiated by Analysts at Sterne Agee (DISCA)

Equities researchers at Sterne Agee began coverage on shares of Discovery (NASDAQ: DISCA) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $87.00 price target on the stock. Sterne Agee’s price objective would suggest a potential upside of 18.25% from the stock’s previous close. The analysts wrote, “We think DISCA offers the highest quality earnings mix in our group and the recent pullback created an opportunity; we are initiating coverage with a Buy rating. Our... 
 

Discover Financial Services Now Covered by Analysts at Oppenheimer (DFS)

Investment analysts at Oppenheimer assumed coverage on shares of Discover Financial Services (NYSE: DFS) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $55.00 price target on the stock. Oppenheimer’s target price suggests a potential upside of 15.86% from the company’s current price. The analysts wrote, “We are initiating coverage of Discover Financial Services (DFS) with an Outperform rating and a $55 price target. We believe that DFS’s growth... 
 

Education Realty Trust Coverage Initiated by Analysts at Imperial Capital (EDR)

Research analysts at Imperial Capital began coverage on shares of Education Realty Trust (NYSE: EDR) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set an “in-line” rating and a $10.00 price target on the stock. Imperial Capital’s price target points to a potential upside of 2.25% from the stock’s previous close. The analysts wrote, “In our view, interest in student housing is principally predicated on the prospects of a steady increase in academic enrollment and a desire by many educational... 
 

Sterne Agee Initiates Coverage on AMC Networks (AMCX)

Equities researchers at Sterne Agee began coverage on shares of AMC Networks (NASDAQ: AMCX) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $74.00 price target on the stock. Sterne Agee’s price target would indicate a potential upside of 16.66% from the stock’s previous close. The analysts wrote, “The bear argument on AMCX shares is centered on two of the network’s marquee shows, Mad Men and Breaking Bad, ending their runs. We don’t find this argument... 
 

Trulia Now Covered by Analysts at Morgan Stanley (TRLA)

Stock analysts at Morgan Stanley assumed coverage on shares of Trulia (NASDAQ: TRLA) in a report issued on Thursday, Analyst Ratings.Net reports. The firm set an “underweight” rating on the stock. The analysts wrote, “Trulia is slightly overvalued relative to peers in our view, and we believe it should trade at a discount to Zillow. The improving housing market could be a rising tide that lifts all boats; Trulia could continue to grow subscribers and ARPU at strong rates even if it lags Zillow in adoption. Trulia uniquely benefits... 
 

DreamWorks Animation Coverage Initiated at Sterne Agee (DWA)

Research analysts at Sterne Agee started coverage on shares of DreamWorks Animation (NYSE: DWA) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating and a $18.00 price target on the stock. Sterne Agee’s target price points to a potential downside of 20.42% from the company’s current price. The analysts wrote, “We expect EPS to decline 35% Y/Y in 2014 and the share price to reach $18, 21% downside from the current level. We are therefore initiating coverage of DWA with... 
 

GameStop Corp Receives Hold Rating from TheStreet (GME)

GameStop Corp (NYSE: GME)‘s stock had its “hold” rating reaffirmed by stock analysts at TheStreet in a report issued on Wednesday, StockRatingsNetwork.com reports. The analysts wrote, “GameStop (GME) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has... 
 
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