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Brean Capital Raises Price Target on PVH Corp. (PVH) to $111 Following Strong 4Q
March 28, 2016 10:04 AM EDTBrean Capital reiterated a Buy rating on PVH Corp (NYSE: PVH), and raised the price target to $111.00 (from $102.00), following the company's 4Q earnings call. PVH delivered a revenue and GM upside in 4Q, with EPS of $1.52 coming in favorable to consensus' $1.47, while FY15 EPS of $7.05 compared to February's pre-announced guidance... More
Starwood Hotels (HOT) Sees Revised $82.75/Share Bid from Anbang Likely Leading to 'Superior Proposal'
March 28, 2016 9:16 AM EDT(Updated - March 28, 2016 9:17 AM EDT)
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced that its Board of Directors, in consultation with its legal and financial advisors, determined that a revised, non-binding proposal from a consortium consisting of Anbang Insurance Group Co., Ltd., J.C. Flowers & Co. and Primavera Capital Limited (the Consortium) is reasonably likely to lead to a Superior Proposal as defined in Starwoods merger agreement with Marriott International, Inc. (NASDAQ: MAR) (Marriott).
On March 26, 2016, Starwood received a non-binding proposal from the Consortium, under which the... More
