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Wall Street dips as telecoms slump; AmEx surges

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Oppenheimer Raises Price Target on Microsoft (MSFT) to $65 Following 1Q Beat

October 24, 2016 9:43 AM EDT

Oppenheimer reiterated an Outperform rating on Microsoft (NASDAQ: MSFT), and raised the price target to $65.00 (from $62.00), following the company's 1Q earnings report. Revenue of $22.3B beat estimates by 360bps. The revenue beat was driven by strength in all three business segments. Gross/operating margins came in... More

AT&T (T) Agrees to Acquire Time Warner (TWX) for More than $80 Billion - WSJ

October 22, 2016 2:17 PM EDT

As has been rumored over the past couple days, AT&T (NYSE: T) has agreed to acquire Time Warner (NYSE: TWX) for $105-$110 per share, or more than $80 billion, the Wall Street Journal reported Saturday afternoon. A... More

Oppenheimer Reiterates Outperform on Microsoft (MSFT) Following Strong 1Q Report

October 21, 2016 10:22 AM EDT

Oppenheimer reiterated an Outperform rating and $62.00 price target on Microsoft (NASDAQ: MSFT) following the company's 1Q earnings report. Non-GAAP revenue of $22.3B was up 5%, vs. estimates of $21.6B. EPS was $0.10 above $0.66 estimates, driven by the beat and lower taxes. There were few concerns, but... More

RBC Capital Raises Price Target on Danaher (DHR) Following 'Clean' 3Q Report

October 21, 2016 9:56 AM EDT

RBC Capital reiterated a Sector Perform rating on Danaher (NYSE: DHR), and raised the price target to $86.00 (from $85.00), following the company's 3Q earnings report. Danaher reported a 3c cash EPS beat driven at the operating line and boosted its 2016 guidance range entirely above consensus... More

Mizuho Securities Remains Sidelined on Advanced Micro Devices (AMD) Following 3Q Beat

October 21, 2016 9:32 AM EDT

Mizuho Securities reiterated a Neutral rating and $7.00 price target on Advanced Micro Devices (NASDAQ: AMD) following the company's 3Q earnings report. AMD reported 3Q16 revenue and EPS of $1.3B and $0.03 (versus consensus of $1.2B/$0.00).

Analyst Vijay Rakesh commented, "AMD reported 3Q16 Rev/EPS... More

BMO Capital Raises Price Target on American Express (AXP) to $75; Reiterates Market Perform

October 20, 2016 9:45 AM EDT

BMO Capital reiterated a Market Perform rating on American Express (NYSE: AXP), and raised the price target to $75.00 (from $73.00), following the company's 3Q earnings report. AXPs 3Q16 core EPS of $1.24 beat consensus of $0.97 by 28%. The beat was top-linedriven.

Analyst James Fotheringham... More