03/07/2013
[ACCESSWIRE]
NEW YORK, March 07, 2013 - vb-news.net, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on MEMC Electronic Materials, Alcatel Lucent SA, Hot Topic.
Goldman Sachs has upgraded MEMC Electronic Materials, Inc.(NYSE:WFR) from Neutral to Buy, while also upping the price target to $6.50 from $4.00.
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"At its current valuation, we favor WFR's unique sum-of-the-parts story which, in our view, implies a near-free call option on solar given a steady-growth, cash-flow positive semiconductor segment that we estimate to be worth $5 per share on its own", an analyst at the brokerage said.
An improving semi cycle, compelling SOTP and upside to consensus EPS were some of the reasons for the upgrade.
Goldman has raised the earnings estimate from $0.47 to $0.50 a share for fiscal 2014, and from $0.50 to $0.55 a share for fiscal 2015.
Shares of MEMC Electronic Materials rose 2.40% to $5.34 by afternoon session. The stock has touched a high of $5.70 a month ago. The evolution of 'Big Data' has prompted healthcare provider UPMC to employ IP and optical networking technology from Alcatel
Lucent SA (ADR)(NYSE:ALU) to upgrade its information network to make the most of the humongous data gathered on a daily basis.
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At the annual healthcare information technology conference, HIMSS, Alcatel-Lucent has announced that it has been selected by UPMC, the top ranked healthcare provider in Western Pennsylvania, to deploy a new network to provide critical communications services to hospitals, doctors' offices and other sites using the industry's most powerful Internet protocol (IP) core router, Alcatel-Lucent's new 7950 Extensible Routing System (XRS). They will also provide advanced 100G (100 gigabit-per-second) fiber-optic technology.
Adoption of 'big data' solutions by healthcare institutions like UPMC can enable the organizations to go beyond current bandwidth limitations and allow better point-of-care decisions, fewer readmissions, and operational improvements.
Hot Topic, Inc.(NASDAQ:HOTT) which operates more than 800 stores that sell clothing, accessories and music to teens, has agreed to be bought by private-equity firm Sycamore Partners for about $600 million.
How Should Investor React To The News? Find Out Here http://vbtrendreport.com/aw/?code=HOTT
The deal was unanimously approved by Hot Topic’s board and will now require approval from shareholders and regulators. The offer amounts to $14 a share, 30 percent higher than Hot Topic’s closing price yesterday.
Under the leadership of Chief Executive Officer Lisa Harper, who assumed the post two years ago, Hot Topic quarterly results beat analysts’ estimates for four straight quarters and the stock rose a whopping 46 percent last year. No wonder that Harper is a crucial part of the deal.
Hot Topic is New York-based Sycamore’s fourth major investment. Sycamore, which was started in 2011, has acquired stakes in Talbots Inc., Mast Global Fashions and Pathlight Capital.
The price of Hot Topic shares climbed 29 percent to $13.87 in New York.
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