Management Leads Zhongpin Takeover
Zhongpin, a Chinese pork producer, agreed to be acquired in a deal that will convert each of its American shares into $13.50 of cash. HOGS is leaping almost 17 percent in before the bell on my tradeMONSTER platform.
James River Upgraded by Raymond James
James River Coal is down more than 60 percent in 2012, but Raymond James sees value in the stock. It upgraded the stock to "outperform" from "market perform," and assigned a $3 target price. JRCC, which closed at $2.49 on Friday, is up almost 10 percent in early trading.
UnitedHealth Sees Earnings Below Consensus
UnitedHealth Group forecast 2013 earnings of $5.25 to $5.50 a share, below the $5.58 consensus estimate. The revenue expectation was better than the Street's, but investors are focusing on that weak bottom line, sending UNH lower by almost 1 percent.
Bernstein Likes Facebook Growth Prospects
Facebook was upgraded by Bernstein, which sees strong revenue growth over the next year as mobile traffic is monetized. The new rating is "outperform" up from "market perform," and the target price is $33. FB rose 3 percent in early trading.
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