MORE; Sanderson Farms (NASDAQ:SAFM): Q4 EPS of $3.20 misses by $0.30.
Revenue of $919.94M (+16.3% Y/Y) beats by $8.64M.
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Deutsche Bank upgrades Finish Line (NASDAQ:FINL) to a Hold rating after having the athletic apparel stock locked in at Sell.
Analyst Paul Trussell and team thinks the athletic sector is on more solid ground heading into the new year.
The investment firm lifts its price target on Finish Line to $11.
Shares of FINL +2.48% premarket to $12.00 on light volume.
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As expected, the Bank of England doesn't follow the Fed in hiking rates, instead keeping its benchmark at 0.5%. The vote to hold was unanimous.
The BOE had lifted rates 25 basis points at its previous meeting.
Further modest increases are expected over the next few years.
The FTSE is lower by 0.3%, and the pound flat vs. the dollar.
ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGB
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Luxottica Group and Tiffany (NYSE:TIF) announced the renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Tiffany & Co brand.
The agreement is scheduled to expire on December 31, 2027.
“Eyewear represents an exciting product offering for Tiffany,” said Jean-Marc Bellaiche, Senior Vice President, Strategy and Business Development, Tiffany & Co. “Our new agreement with Luxottica allows for a more creative expression in eyewear, with a design language consistent across categories.
Pray for A Pain Free Day!
