Tuesday, August 7, 2012

Tesoro Corporation Jumps On Analyst Note (TSO, PSSI, KITD, CBOU, MBI)

Tesoro Corporation (NYSE:TSO) shares climbed 5.19% to $34.46. UBS maintains a 'Buy' on shares of Tesoro Corporation and a price target of $38.00 (from $33.00). Additionally, FY12 EPS estimate raised from $4.35 to $5.15 and FY13 from $3.45 to $3.47. The company is an independent petroleum refiners and marketers in the United States. The Company’s subsidiaries, operating through two business segments: manufacture and sell transportation fuels.

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PSS World Medical, Inc. (NASDAQ:PSSI) stock gained 4.78% to $21.93. The company last week announced the closing of its offer to exchange $250 million of outstanding 6.375% Senior Notes due 2022 issued in a private placement on February 24, 2012 for an equal principal amount of newly issued 6.375% Senior Notes due 2022, which have been registered under the Securities Exchange Act of 1933, as amended.

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Caribou Coffee Company, Inc. (NASDAQ:CBOU) stock gained 5.21% to $11.52 after the company reported second-quarter net income of $2.8 million or $0.13 per share, as compared to $4.4 million or $0.21 million in the comparable quarter last year. Total net sales rose to $81.1 million from $80.3 million in the same period last year. Analysts expected the company to earn $0.09 per share on revenues of $84.21 million for the quarter.

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KIT digital, Inc. (NASDAQ:KITD) shares soared 17.29% to $3.15 after the company announced that shareholders Seth W. Hamot, the Managing Member of Roark, Rearden & Hamot, LLC, the General Partner of Costa Brava Partnership III L.P., and K. Peter Heiland, Managing Director of JEC Capital Partners, LLC, have joined the company's Board as new directors. Additionally, Director Joseph E. Mullin III has resigned.

How Should Investors Trade KITD After Today’s Gain? Get Free Trend Analysis

MBIA Inc. (NYSE:MBI) stock increased 0.78% to $9.04. The company will host a webcast and conference call for investors on Thursday, August 9, at 8:00 a.m. (EDT) to discuss its second quarter 2012 financial results and other issues related to the Company.

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