Tableau Software’s Price Target From RBC Raised to $75 From $70

Tableau Software’s Price Target From RBC Raised to $75 From $70

Tableau Software (DATA) received a price-target boost Wednesday from RBC Capital Markets following the first couple days of the software company’s user conference occurring this week in Las Vegas. The new price target is $75 per share, up from $70. The boosted target is still slightly below the stock’s Tuesday closing price of $76.23 and RBC kept its investment rating on the stock at sector perform. In a note to […]

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Adesto Technologies Amends Debt Agreement to Increase Size of Credit Line and Lower Borrowing Costs

Adesto Technologies Amends Debt Agreement to Increase Size of Credit Line and Lower Borrowing Costs

Adesto Technologies (IOTS) said Thursday the company amended its current debt agreement with Bridge Bank, a division of Western Alliance Bank, to expand borrowing capacity under a working capital line of credit, defer principal payments on a term loan and lower interest rates. Shares climbed almost 3% intraday. Under the new terms, the borrowing capacity has been increased from $2 million to $5 million, according to a statement. The repayment […]

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Federal Reserve Terminates Enforcement Action Against First BanCorp

Federal Reserve Terminates Enforcement Action Against First BanCorp

The Federal Reserve has terminated its enforcement action against First BanCorp (FBP), driving up shares by more than 2%. According to the order between the Fed and First BanCorp as of June 3, 2010, the bank could not issue dividends or distributions without the prior agreement of the Fed, and could not directly or indirectly incur, increase or guarantee any debt without the prior written approval of the Fed. The […]

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Gold Seen at Vertical Research as Benefitting on Accommodative Monetary Policies

Gold Seen at Vertical Research as Benefitting on Accommodative Monetary Policies

Gold and shares of companies that mine the precious metal are expected to hold steady if not advance on the belief that central banks around the world will keep monetary accommodation in place, according to Vertical Research Partners, a Connecticut-based equity research and consulting firm focused on industrials and materials. “We believe metals in general and gold in particular should continue to gain traction as accommodative policy reversal appears pushed […]

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Technology Stocks Drifting Slightly Off Recent Session Highs

Technology Stocks Drifting Slightly Off Recent Session Highs

Technology stocks were mostly higher, helping lead the broader U.S. markets to large Thursday gains, with shares of tech companies in the S&P 500 rising more than 0.7% in recent trade. In company news, Liquidity Services (LQDT) climbed almost 5% during early Thursday trading, topping out at $6.20 a share soon after this morning’s opening bell, after William Angrick III. board chairman and CEO at the automated e-commerce services company […]

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