Today’s Top Headlines: SYSCO (SYY), T2 Biosystems (TTOO), NXT-ID (NXTD)

Posted In Business, Healthcare, Technology - By Grant Murphy On Tuesday, September 23rd, 2014 With 0 Comments

Dallas, Texas 09/23/2014 (ustradevoice) – SYSCO Corporation (NYSE:SYY)’s pursuit for US Foods could run into serious roadblocks with the latest reports saying that the U.S. Federal Trade Commission might bring up antitrust lawsuit against the deal. The merger of the two nationwide food suppliers was announced in December as SYSCO Corporation (NYSE:SYY) placed $3.5 billion on the table in favor of US Foods, which is debt-ridden. There are concerns that the combination of the two foods companies could cause problems for the thousands of the schools, hospitals, hotels and restaurants, which they serve. Consumer protection groups have also weighed in on the matter, and it is reported that they might ask SYSCO Corporation (NYSE:SYY) and US Foods to divest some of their assets.

T2 Biosystems Inc (NASDAQ:TTOO) received the approval of the U.S. Food and Drug Administration to market two of its products. The $380 million company received clearance for the marketing of T2Candida Panel and T2Dx Instrument. The products are designed for the detection of the Candida species in human blood specimen. A number of analysts have recently commented on the stock of T2 Biosystems Inc (NASDAQ:TTOO). Analysts at Janney Montgomery initiated coverage of the stock with a “neutral” rating and issued a target price of $25. Analysts at Goldman Sachs have also weighed in on the stock, giving it a “neutral” rating and target price of $25. The target prices from the two firms suggest a potential upside of about $34%.

NXT-ID Inc (NASDAQ:NXTD) continues to top up its recent gains, edging up more than 37% early today, but remains down 25% this year. The stock is also shifting hands at far more than average volume. The company recently updated shareholders on its Wocket technology, which it said offers its users unmatched security while also overcoming numerous transaction barriers. Investors appear to have loved the news. NXT-ID Inc (NASDAQ:NXTD) also recently offered 2,127,273 of its common stock shares and warrants to purchase 2,127,273 shares, in a combined public offering in which it expected $5,850,000 in gross proceeds.

About the Author

- Grant Murphy graduated from Florida State University with Master in Finance. His experience on WallStreet is depicted by the dept in his writing.

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