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Retail Sales Are Down For Big-Ticket Items, But Expectations Are High For Holiday Spending
Thursday, October 17, 2019 - 4:45pm | 661Read More...U.S. retail sales were down for the first time in seven months in September, but the move was mostly driven by declines in big-ticket purchases like cars. The Commerce Department said Wednesday that retail sales were down 0.3% in September, led by a 0.9% decline in auto sales. It was the first...
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Pro: Federal Reserve Will Need To 'Explain Themselves To The History Books'
Friday, August 16, 2019 - 11:08am | 386Read More...The Federal Reserve has "some explaining to do" if it speeds up the pace of interest rate cuts, CNBC quoted Chris Rupkey, chief financial economist at MUFG, as saying in a note. What Happened The Federal Reserve's recent interest rate cut in late July looks "more out of line...
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Molina Wins New Bulls On Cost Saving, Margin Opportunities
Tuesday, January 8, 2019 - 1:57pm | 532Read More...A bullish presentation by Molina Healthcare, Inc. (NYSE: MOH) bolstered the confidence of Street analysts Tuesday. The Analysts JPMorgan analyst Gary Taylor upgraded Molina from Neutral to Overweight and raised the price target from $127 to $150. MUFG analyst Jason Twizell upgraded...
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MUFG Analyst Upgrades Box On Momentum, 'Multitude Of Opportunities'
Thursday, June 1, 2017 - 2:26pm | 453Read More...Analysts at MUFG Securities found Box Inc (NYSE: BOX)'s earnings report convincing enough to upgrade the stock from Neutral to Overweight with a price target boost from $17.50 to $23. Box executed well in its earnings report, led by at least a 30-percent growth in top line, bookings and...
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MUFG Wouldn't Be Surprised If Qlik Sale Rumor Is True
Monday, March 28, 2016 - 2:55pm | 291Read More...Shares of Qlik Technologies Inc (NASDAQ: QLIK) spiked higher by more than 8 percent following unconfirmed M&A chatter. Stephen Bersey of MUFG commented in a note that market chatter of a potential sale is likely to be "accurate." The analyst maintained an Outperform rating on shares of Qlik...
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Major MLP Crashes 20%, MUFG Analyst Sees More Concern Now
Friday, January 29, 2016 - 10:46am | 300Read More...Global Partners LP (NYSE: GLP) shares have been on a downward trajectory for the past three months, and have lost 52 percent since October 29. MUFG’s Barrett Blaschke downgraded the rating from Overweight to Neutral, while slashing the price target from $31 to $20. The reduction in...
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MUFG to Inject $2 billion into Union Bank
Monday, September 28, 2009 - 3:52am | 135Read More...In a much anticipated financial salvage, Mitsubishi UFJ Financial Group Inc. (NYSE: MTU) is planning by the end of the month to throw in $2 billion into its wholly owned and financially troubled subsidiary, Union Bank (NYSE:UB). ...
