During Tuesday’s Afternoon trade, Shares of Walt Disney Co (NYSE:DIS), lost -0.29% to $103.53.
Disney Consumer Products and Interactive Media (DCPI) and Hasbro, Inc. recently launched Playmation Marvel’s Avengers – the next step in the evolution of play. The groundbreaking system of connected toys and wearables fuses technology and digital storytelling to create a completely new category of play. Hitting shelves across the U.S. and Canada for the first time recently, the new toy/game hybrid aims to inspire both kids and parents to get active and creative at playtime.
Dreamed up by a team of technologists, Imagineers and storytellers from across The Walt Disney Company, Playmation is the culmination of extensive research into the world of play, highlighting the opportunity for a new type of experience that combines digital technology and physical, real-world play.
The online study of 2,000 families across the country confirms that almost all parents believe active playtime is essential to their child’s healthy development, and three say that using technology is a favorite way for their child to play. Four out of five parents say their children are more likely to engage with a game if technology is involved, and nine out of ten are open to new technologies that encourage their kids to be more active.
On other hand, Walt Disney (DIS) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday, MarketBeat Ratings reports. They presently have a $114.72 price objective on the entertainment giant’s stock. Vetr‘s target price points to a potential upside of 10.47% from the stock’s previous close.
The Walt Disney Company, together with its auxiliaries, operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
Shares of Citigroup Inc (NYSE:C), declined -0.20% to $51.05, during its current trading session.
Citi issued the following statement on the Trans-Pacific Partnership agreement reached recently between the United States and eleven international countries.
Citi congratulates the twelve negotiating parties for reaching an agreement in principle on a final text for the Trans-Pacific Partnership (TPP) after five years of intense and complex negotiations.
On other hand, Citigroup (NYSE:C) was downgraded by Zacks from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, MarketBeat.com reports.
According to Zacks, “Citigroup’s second-quarter 2015 adjusted earnings beat the Zacks Consensus Estimate. Results were aided by lower expenses while revenues remained relatively stable. Also, the quarter practiced continued improvement in credit quality and exhibited a strong capital position. We believe the company’s streamlining initiatives and attractive core business are impressive. Yet, a low interest-rate environment and regulatory issues, together with litigation risks, remain major near-term headwinds.”
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of Rackspace Hosting, Inc. (NYSE:RAX), dipped -0.97%, and is now trading at $25.62.
Rackspace, declared new Managed Security and Compliance Assistance offerings to assist customers in addressing data security, protecting critical business processes, and mitigating risks from potential cyberattacks and threats. These service offerings allow Rackspace to work with its customers to develop holistic security solutions and address compliance requirements that cover complex, multi-cloud environments.
Cyber security is a top preceding for Rackspace and its customers. Rackspace Managed Security and Compliance Assistance lets customers leverage Rackspace security experts to assist with planned planning for best practice multi-cloud security, tactical day-to-day security monitoring and threat analysis to deter, detect and respond to potential threats around the clock.
On other hand, In a research note released to the investors, Tigress Financial upgrades its rating on Rackspace Hosting, Inc (NYSE:RAX).The analysts at the brokerage house have a current rating of Strong Buy on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 13, 2015.
Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide.
Finally, Shares of Kraton Performance Polymers Inc (NYSE:KRA), gained 2.63%, and is now trading at $19.11.
Kraton Performance Polymers, declared that it has reached a definitive agreement to acquire all of the capital stock of privately held Arizona Chemical Holdings Corporation for a cash purchase price of $1.37 billion. Arizona Chemical is a leading global producer of high-value performance products and specialty chemicals derived from non-hydrocarbon, renewable raw materials. Arizona Chemical’s end use market exposure is highly complementary with that of Kraton, particularly in markets such as adhesives, roads and construction, coatings and oilfield chemicals.
The $1.37 billion base purchase price is subject to adjustment for cash and indebtedness at closing, in addition to an adjustment for working capital and other items. Kraton will finance the purchase price through debt facilities that have been committed by Credit Suisse Securities (USA) LLC, Nomura Securities International, Inc., and Deutsche Bank Securities, Inc. The seller of Arizona Chemical is AZC Holding Company, LLC, which is principally owned by investment funds managed by American Securities LLC.
On the other hand, Kraton Performance Polymers (KRA) was downgraded by Zacks from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, AnalystRatings.NET reports.
According to Zacks, “Kraton Performance Polymers, Inc., through its operating partner Kraton Polymers LLC and its auxiliaries, is a leading global producer of engineered polymers and one of the world’s largest producers of styrenic block copolymers (SBCs). SBCs are highly-engineered thermoplastic elastomers which enhance the performance of numerous products by delivering a variety of attributes, counting greater flexibility, resilience, strength, durability and processability. The company’s polymers are used in a wide range of applications, counting adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving, roofing and footwear products. The company has production facilities located in the United States, Germany, France, the Netherlands, Brazil and Japan. “
Kraton Performance Polymers, Inc. produces and sells styrenic block copolymers (SBCs) and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
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