Citigroup Price Target Bumped at BMO

Citigroup Price Target Bumped at BMO

Citigroup, a financial services company, had its price target increased at BMO Capital, to $65 from $64. “That target is predicated on our two-year-forward core EPS forecast, capital-adjusted growth over the next two years, dividends, and our estimate of C’s excess capital,” analyst James Fotheringham, wrote in a research note to investors on Friday. He added that BMO’s target does not yet consider policy changes proposed by U.S. President Donald […]

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Unisys Launches IT Tools

Unisys Launches IT Tools

Unisys said early Thursday it has launched a new family of IT services and software designed to help state and local government agencies speed up their transitions toward providing digital services. The company said its Digital Government Accelerators products cover core aspects of digital government, including moving data and applications to the cloud, providing a modern collaborative work environment for government employees, and improving the citizen experience for government services […]

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Consolidated-Tomoka Land Closes Sale of Property

Consolidated-Tomoka Land Closes Sale of Property

Consolidated-Tomoka Land Co has closed on the sale of approximately 19.43 acres in Daytona Beach, Fla., to an affiliate of North American Development Group for approximately $3.5 million. The land is located on the east side of Interstate 95 directly adjacent to the Tanger Outlet Mall, and is part of the Tomoka Town Center. The company also received approximately $1.0 million from NADG as reimbursement for the pro-rata portion of […]

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Alliqua BioMedical Signs Deal with Partners Capital Group

Alliqua BioMedical Signs Deal with Partners Capital Group

Alliqua BioMedical, a provider of advanced wound care solutions, has entered into a partnership with financial services company Partners Capital Group to provide potential UltraMIST customers with new equipment financing programs. Partners Capital Group provides capital leasing and financing programs to customers on behalf of vendors and suppliers of equipment and software. “This partnership is another example of our continued commitment to providing our customers with greater financial flexibility through […]

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Hooker Furniture Fiscal Q1 Results Miss Views

Hooker Furniture Fiscal Q1 Results Miss Views

Hooker Furniture shares were barely higher pre-market Tuesday after the company reported fiscal Q1 earnings rose to $0.41 per share from $0.22 a year ago, missing the $0.46 average estimate from analysts polled by Capital IQ. Revenue in the quarter ended April 30 rose to $130.9 million from $121.8 million but was short of the $133.8 million consensus. “Buoyed by favorable economic and industry trends, we expect to see growth […]

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