The Coca-Cola Company, Harman, YUM!, Coinstar Hot Among Stock Traders Feb. 7th
The Coca-Cola Company (NYSE:KO): The company says “In 2012 we are launching both a new global productivity initiative and an expanded CCR integration effort under one joint Productivity and Reinvestment program representing a combined incremental $550 to $650 million in annualized savings by the end of 2015. The first initiative, a new four-year global productivity program, will target $350 to $400 million in annualized savings by the end of 2015. Second, our CCR integration efforts are now expected to capture total annualized savings of $550 to $600 million, or an incremental $200 to $250 million above our original $350 million estimate. We expect to capture this incremental $200 to $250 million in annualized savings by the end of 2015. We estimate that total costs associated with the capture of all CCR-related synergies will increase from $425 million to about $800 million, as we implement new initiatives to capture our higher annualized savings target.” Shares of The Coca-Cola Company are trading 1.31% higher today.
Harman International Industries Inc./DE/ (NYSE:HAR): Reports Q2 revenue $1.13B vs. consensus $1.05B. Shares of Harman International Industries Inc./DE/ are trading 5.8% higher today.
Yum! Brands, Inc. (NYSE:YUM): Yum! Brands anticipating Russia to become “big business.” Shares of Yum! Brands, Inc. are trading 3.24% higher today.
Coinstar, Inc. (NASDAQ:CSTR): Piper Jaffray believes Coinstar’s plans to launch a joint venture with Verizon and acquire NCR’s DVD kiosk assets will accelerate share gains in the movie rental space. The firm reiterates an Overweight rating on Coinstar shares post the company’s Q4 results and maintains a $68 price target for the stock. Shares of Coinstar, Inc. are trading 18.04% higher today.
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