LeapFrog Jumps On Partnership (LF, THC, GMCR, YOKU, PHM)
LeapFrog Enterprises Inc (NYSE:LF) jumped up 3.45% to $8.69. LeapFrog Enterprises Inc and Putumayo Kids entered into a partnership agreement. Putumayo Kids music is now available for purchase through the LeapFrog App Center for LeapPad1 and the recently launched LeapPad2 and LeapsterGS. This new partnership marks the first time Putumayo Kids albums will give LeapFrog exclusive digital distribution rights through 2012.
Tenet Healthcare Corporation (NYSE:THC) increased 1.28% to $6.35. Dahlman Rose increased the price target from $6.45 to $7.65 in a research note. The firm currently has a buy rating on the stock.
Green Mountain Coffee Roasters Inc (NASDAQ:GMCR) went up 3.19% to $24.25. The Company has appointed Michael Jacobs as Chief Logistics Officer and an Executive Officer of GMCR. Michael Cunningham has joined the Company as its Chief Information Officer. The Company deals in the specialty coffee and coffee maker businesses.
Youku Tudou Inc (ADR) (NYSE:YOKU) moved up 1.94% to $17.90. The Company revealed the revamped site design and the introduction of new social features and original programming. The Company expects content costs as a portion of revenue declining next year due to industry consolidation and as costs normalizes. The costs to purchase content such as TV shows and movies increased in 2011 due to intense competition in the online video sector. The Company is an Internet television company in the People’s Republic of China.
PulteGroup Inc (NYSE:PHM) augmented 2.22% to $15.364 on a traded volume of 5.13 million shares. RBC Capital restated sector perform rating on PulteGroup in a report released. RBC Capital currently has a $20.00 target price on the stock.
The report reflected sales of new homes in the U.S. declined slightly in August. However, economists had expected an increase. The Commerce Department reported that new-home sales declined 0.3% from the previous month to a seasonally adjusted annual rate of 373,000.
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