Tuesday, August 14, 2012

Towers Watson Slumps 12% (WEN, BLDP, PANW, BP, TW)

The Wendy's Company (NASDAQ:WEN) shares climbed 0.46% to $4.39 in the early hour after the shares of WEN was downgraded by analysts at KeyBanc from a “hold” rating to an “underweight” rating and currently have a $4.00 price target on the stock. Additionally, analysts at Zacks reiterated a “neutral” rating on shares of Wendy’s and now have a $4.75 price target on the stock.

Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) stock fell 3.06% to $1.07 after the company reported second quarter net loss of $6.6 million or $0.08 per share from $8.6 million or $0.10 per share in the prior year quarter. Total revenue for the quarter was $10.3 million, down from $19.1 million in the previous year quarter.

Get Free Trend Analysis on BLDP

BP plc (ADR) (NYSE:BP) shares gained 0.59% to $42.34 in the early hour after the company is said to be seeking as much as $7.9 billion before tax payments for a group of Gulf of Mexico oilfields as it unloads assets following its 2010 spill in the region. The company has prepared preliminary information for prospective buyers of assets including the Horn Mountain, Holstein, Diana Hoover and Ram Powell fields.

Palo Alto Networks Inc (NYSE:PANW) shares declined 2.89% to $60.91 after Goldman Sachs started 
coverage on shares of Palo Alto and the firm issued a buy rating and a $78.00 price target on the stock. Analysts at Goldman Sachs believe investors underestimate Palo Alto Networks’ single pass architecture and general product differentiation, and hence they see more sustained growth and margin expansion driving shares.

Towers Watson & Co (NYSE:TW) stock plunged 11.70% to $51.70 after the company posted fourth quarter net income of $65 million or $0.91 per share from $44 million or $0.59 per share in the same quarter a year earlier. Quarterly revenues dropped to $826 million from $851 million in the comparable quarter a year ago. Analysts expected the company to earn $1.24 per share on revenues of $868.08 million for the quarter.

Can TW Rebound After Today’s fall? Find Out Here

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