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Thursday 23 April 2015
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Stocks That Dipped Yesterday: Valeant Pharmaceuticals Intl (NYSE:VRX), Target Corporation (NYSE:TGT), Brinker International, (NYSE:EAT), Brixmor Property Group (NYSE:BRX)

On Wednesday, Valeant Pharmaceuticals Intl Inc (NYSE:VRX)’s shares declined -1.33% to $206.16.

On April 9, Valeant Pharmaceuticals Intl Inc. declared that it will host a conference call and a live Internet webcast together with a slide presentation on Wednesday, April 29, 2015 at 8:00 a.m. ET (5:00 a.m. PT) to talk about results for the 2015 first quarter.

Valeant Pharmaceuticals International, Inc. develops, manufactures, and markets pharmaceuticals, over-the-counter products, and medical devices worldwide. The company offers Solodyn to treat red and pus-filled pimples of acne in patients, in addition to Ziana, Acanya, Atralin, Retin- A Micro, and ONEXTON gel; Wellbutrin XL for major depressive disorder in adults; Jublia for onychomycosis of the toenails; Xenazine for chorea; Targretin for Cutaneous T-Cell Lymphoma; Arestin, a subgingival sustained-release antibiotic; and PROVENGE for the treatment of prostate cancer.

Target Corporation (NYSE:TGT)’s shares dropped -1.32% to $81.96, during the last trading session on Wednesday.

Yesterday, Target Corporation declared that it has reached a Settlement Contract with MasterCard International Incorporated relative to the data breach that Target practiced during the fourth quarter of 2013.

Under the contract, alternative recovery offers will be made by MasterCard to eligible MasterCard issuers worldwide that issued MasterCard-branded payment cards claimed to have been affected by the data breach, and MasterCard will recommend that such eligible issuers accept their offers.

Target has agreed to fund up to $19 million pre-tax in alternative recovery payments, depending on the extent of eligible issuer acceptances. The settlement is conditioned on issuers of at least 90% of the eligible MasterCard accounts accepting their alternative recovery offers, either directly or through their sponsoring issuers, by May 20, 2015. The estimated costs of this settlement are already reflected in the data breach liabilities that Target established during fiscal 2013 and 2014.

Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.

At the end of Wednesday’s trade, Brinker International, Inc (NYSE:EAT)‘s shares dipped -1.31% to $59.48.

After the following news Brinker International, has planned its earnings conference call at 10:00 a.m. Eastern Time on Tuesday, Apr. 21, 2015 to review third quarter fiscal 2015 earnings, which will be declared before the market opens on Apr. 21, 2015.

Brinker International, Inc. owns, develops, operates, and franchises casual dining restaurants under the Chilies’ Grill & Bar and Maggiano’s Little Italy brands worldwide. As of September 24, 2014, it owned, operated, or franchised 1,622 restaurants. The company was founded in 1975 and is based in Dallas, Texas.

Brixmor Property Group Inc (NYSE:BRX), ended its Wednesday’s trading session with -1.31% loss, and closed at $24.89.

On April 7, Brixmor Property Group Inc. owns and operates the nation’s largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with 521 properties with about 87 million square feet located mainly across the top 50 U.S. metropolitan areas. Brixmor leverages its national footprint, local market knowledge and operational expertise to support the growth of its retail tenants. Headquartered in New York, the company is the largest landlord to the TJX Cos. and the Kroger Co. Advisor Access spoke with Carroll to find out how Brixmor is building exceptional value.

Brixmor Property Group Inc. owns and operates various grocery-anchored community and neighborhood shopping centers in the United States. As of March 31, 2013, the company owned interests in 532 community and neighborhood shopping centers comprising 526 wholly owned community and neighborhood shopping centers; and 6 community and neighborhood shopping centers held through unmerged real estate joint ventures.

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