Wall Street ends little changed; Microsoft hits record

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

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) to Acquire Time Warner (TWX) for $107.50/Share

AT&T Inc. (NYSE: T) and Time Warner Inc. (NYSE: TWX) announced they have entered into a definitive agreement under which AT&T will acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share, confirming rumors earlier in the week. The agreement has been approved unanimously by the boards of directors of both companies.

Shares of Time Warner closed at $89.48 per share on Friday, giving the deal a 20% premium. Shares of Time Warner were trading at around $80 when rumors of a deal first surfaced on... More

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

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

AT&T (T) said pushing to reach Time Warner (TWX) deal by Monday - Bloomberg

AT&T (NYSE: T) said pushing to reach Time Warner (NYSE: TWX) deal by Monday - Bloomberg.

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

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

PayPal (PYPL) PT Raised to $45 at Oppenheimer

Oppenheimer analyst Glenn Greene reiterated an Outperform rating and raised his price target on PayPal (NASDAQ: PYPL) to $45.00 (from $43.00) after solid 3Q results, as revenue of $2.67B grew 18% year/year (+21% in constant currency) and EPS of $0.35 was essentially in line with the firm's/Street's $0.34/0.35... More

PayPal (PYPL) PT Raised to $47 at Credit Suisse; Results Just 'Ok' But Visability Increases Conviction

Credit Suisse analyst Paul Condra reiterated an Outperform rating and raised his price target on PayPal (NASDAQ: PYPL) to $47.00 (from $43.00) following 'ok' results, but visibility strengthens conviction.

Condra commented, "The quarter wasnt great, but it was good enough. Management did... More

FBR Capital Reiterates Outperform on Verizon Communications (VZ) Following Solid 3Q

FBR Capital reiterated an Outperform rating and $57.00 price target on Verizon Communications (NYSE: VZ) following the company's 3Q earnings report. Consolidated revenue of $30.9B was below the consensus of $31.0B, driven primarily by a 3.9% YOY decline in wireless revenue and a 2.3% YOY decline in wireline revenue. Adjusted EPS of $1.01 was ahead of the consensus estimate of $0.99.

Analyst David Dixon commented, "Weaker macroeconomic conditions and an... More

RBC Capital Neutral on GE's (GE) Q3 Report, Outlook; Reaffirms at 'Outperform'

RBC Capital affirms General Electric (NYSE: GE) at Outperform with a price target of $36 following Q3 results and updated outlook released earlier Friday. The firm's overall feeling on the report was neutral.

Analyst Deane Dray summarized: The bottom line is that GE is holding up relatively well in a slower-growth macro, in our view. The... More