MasTec Shares Rising More Than 6% After Winning $1.5 Bln Pipeline Contract in US

MasTec Shares Rising More Than 6% After Winning $1.5 Bln Pipeline Contract in US

MasTec (MTZ) shares rose more than 6% to the highest in a week after saying it won a large project pipeline construction contract with an expected value of more than $1.5 billion. Construction for this U.S.-based award is expected to begin in 2018, it said on Monday. The company added it remains highly confident in its earlier expectation that its year-end 2017 oil and gas segment backlog will approach or […]

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Harley-Davidson Estimates Lowered at Northcoast on Difficult Retail Environment

Harley-Davidson Estimates Lowered at Northcoast on Difficult Retail Environment

Northcoast reduced estimates on Harley-Davidson (HOG) to reflect difficult retail environment seen in September as reflected in their survey of dealers suggesting high-single to low-double-digit declines at retail during the month. The analysts cut unit shipment assumptions by 4,000 units and now sit at the low end of guidance range of 39,000 to 44,000 units. Northcoast said discussions with dealers suggest that used bikes continue to outperform new models. Many […]

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Nordstrom Family Suspends Going-Private Negotiations Until After Holiday Season

Nordstrom Family Suspends Going-Private Negotiations Until After Holiday Season

Nordstrom (JWN) shares are trading more than 6% lower before Monday’s opening bell after the Nordstrom family informed the board of directors that they have suspended negotiations to take the company private until after the holiday season. The decision follows the news from several weeks ago that the family is having difficulty obtaining financing to take the department store private. The family will need both debt and equity financing before […]

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Bon-Ton Suppliers Scaling Back Shipments

Bon-Ton Suppliers Scaling Back Shipments

he Bon-Ton Stores (BONT) is seeing a pullback from suppliers who are scaling back shipments in case the department store chain falls short on its turnaround plans, according to a report from Bloomberg. Suppliers are also asking to be paid sooner in order to protect themselves from potential losses, the report said. Some suppliers have insisted on getting paid with letters of credit or cash on delivery. “We maintain constructive […]

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BMO Ups Match Group Price Target to $30 From $21

BMO Ups Match Group Price Target to $30 From $21

BMO on Friday has raised its price target for Match Group (MTCH) to $30 from $21 while keeping its outperform rating, betting on growth potential of its popular mobile app dating, Tinder. BMO Media and Internet analyst Daniel Salmon said in a note Tinder has tremendous monetization opportunity ahead and will maintain the leadership position in mobile app dating, raising his revenue growth estimate and average revenue per user. He […]

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