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Resources Connection (NASDAQ: RECN) provides professional services to corporations, in support of client-led projects and initiatives. Areas of expertise include finance, accounting, risk management, internal auditing, information technology, human resources, supply chain management, and legal matters. The firm serves 2,400 companies from more than 80 offices around the world. The client list includes Southwest Airlines (NYSE: LUV) and Exelon Corporation (NYSE: EXC).

Resources Connection pleased investors last week, when it reported fiscal Q4 EPS of 35 cents and revenues of $236.7 million. Analysts had been expecting 28 cents and $228.0 million. During the quarter, the company repurchased about 1.1 million RECN shares. Deutsche Securities subsequently reiterated its "buy" rating on the issue.

Continue reading Resources Connection (RECN): Price in bullish 'flag' formation

Resources Connection (RECN): Price in bullish 'flag' formation originally appeared on BloggingStocks on Mon, 21 Jul 2008 14:32:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>flagfundamental analysisFundamentalAnalysismomentumRECNResources ConnectionResourcesConnectiontechnical analysisTechnicalAnalysisMon, 21 Jul 2008 14:32:00 EST<![CDATA[Analyst downgrades: S, TSO, VRSN, HCP and RECN]]>http://www.bloggingstocks.com/2007/09/26/analyst-downgrades-s-tso-vrsn-hcp-and-recn/http://www.bloggingstocks.com/2007/09/26/analyst-downgrades-s-tso-vrsn-hcp-and-recn/http://www.bloggingstocks.com/2007/09/26/analyst-downgrades-s-tso-vrsn-hcp-and-recn/#commentsMOST NOTEWORTHY: Sprint Nextel, Tesoro, VeriSign, Healthcare Property and Resources Connection were today's noteworthy downgrades:
  • Goldman downgraded shares of Sprint Nextel Corporation (NYSE: S) to Neutral from Buy to reflect continuing turnaround delays, macro headwinds and competition.
  • Tesoro Corporation (NYSE: TSO) was downgraded to Neutral from Outperform at Credit Suisse, citing increased concerns regarding West Coast margins.
  • The firm also lowered VeriSign Inc (NASDAQ: VRSN) to Neutral from Outperform, as they believe the company's reorganization could require more time than investors anticipate.
  • Friedman Billings downgraded Healthcare Property (NYSE: HCP) to Market Perform from Outperform on valuation. Shares were also downgraded to Neutral from Buy at UBS.
  • Resources Connection (NASDAQ: RECN) was downgraded to Hold from Buy at Stifel, to Market Perform from Outperform at JMP Securities and to Peer Perform from Outperform at Bear following its Q1 report.
OTHER DOWNGRADES:
  • Walgreen (NYSE: WAG) was downgraded to Neutral from Overweight at JMP Securities.
  • JP Morgan downgraded Staples Inc (NASDAQ: SPLS) to Underweight from Neutral.
  • UBS downgraded Under Armour Inc (NYSE: UA) to Neutral from Buy.
  • Bear downgraded CNOOC Ltd (NYSE: CEO) to Underperform from Peer Perform.

Analyst downgrades: S, TSO, VRSN, HCP and RECN originally appeared on BloggingStocks on Wed, 26 Sep 2007 11:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analystceocnoocdowngradehcphealthcarerecnresources connectionResourcesConnectionssplssprintstaplesteserotsouaunder armourUnderArmourverisignvrsnwagwalgreenWed, 26 Sep 2007 11:10:00 EST