» » Stock Market News Briefs: Abbott Laboratories, American Eagle Outfitters, Inc., Evercore Partners Inc, Goldman Sachs Group, Inc. (The), Goodrich Corporation (The), J. Crew Group, Inc., Lazard LTD., Textron Inc., Bucyrus International, Inc., Children’s Place Retail Stores, Inc. (The)
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Stock Market News Briefs: Abbott Laboratories, American Eagle Outfitters, Inc., Evercore Partners Inc, Goldman Sachs Group, Inc. (The), Goodrich Corporation (The), J. Crew Group, Inc., Lazard LTD., Textron Inc., Bucyrus International, Inc., Children’s Place Retail Stores, Inc. (The)

By Zacks Investment Research on | More Posts By | Zacks.com
  •  Facet Biotech (FACT) agreed to its purchase by Abbott Labs (NYSE:ABT) for $722 million or $27 per share.
  •  American Eagle Outfitters (NYSE:AEO) announced plans to shutter all 28 Martin & Osa stores. The company is due to report results today, with fourth quarter earnings of 33 cents versus 19 cents a year ago anticipated.
  •  Goldman Sachs (NYSE:GS) added Bucyrus (NASDAQ:BUCY) to its Conviction Buy List with an $80 price target.
  •  Several analysts reiterated “buy” recommendations on J Crew (NYSE:JCG), raising price targets. Late yesterday the firm posted a swing to profitability in its fourth quarter and forecast better-than-expected current year results of $2.20-$2.30; Street estimates were $2.13.
  •  Goldman Sachs (NYSE:GS) Conviction Buy List changes included additions of Evercore Partners (NYSE:EVR) and Goodrich (NYSE:GR); deletions were Lazard (NYSE:LAZ) and Textron (NYSE:TXT) although buy ratings were maintained.
  •  Childrens’ Place (NASDAQ:PLCE) reported inline earnings and revenues, with earnings of $1.03 and revenues of $462 million. Full-year guidance of $2.90-$3.10 was provided; the Street expects $3.00.

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