News Breaks |
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| September 11, 2012 |
| 10:21 EDT |  | ABC, BMS, COH, COOL, OI, KWR, WPI | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AmerisourceBergen (ABC) downgraded to Neutral from Conviction Buy at Goldman... Bemis (BMS) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded to Hold from Buy at Brean Murray... Majesco (COOL) downgraded to Hold from Buy at Needham... Owens-Illinois (OI) downgraded to Neutral from Buy at Citigroup... Quaker Chemical (KWR) downgraded to Neutral from Buy at Janney Capital... Watson Pharmaceuticals (WPI) downgraded to Buy from Conviction Buy at Goldman. |
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News For ABC;BMS;COH;COOL;OI;KWR;WPI From The Last 14 Days Check below for free stories on ABC;BMS;COH;COOL;OI;KWR;WPI the last two weeks. |
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| May 21, 2013 |
| 10:00 EDT | | COH | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna. |
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| 06:12 EDT | | COH | Coach downgraded to Equal Weight from Overweight at Morgan Stanley
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| May 17, 2013 |
| 12:33 EDT |  | ABC | AmerisourceBergen receives approval of Walgreens, Alliance Boots investment
AmerisourceBergen (ABC) announced that the parties have received regulatory approval of the previously disclosed agreement for Walgreen (WAG) and Alliance Boots GmbH to purchase an equity stake in the company. AmerisourceBergen continues to expect the new agreements to contribute an incremental $25B in revenues and approximately 20c in earnings per share in FY14, excluding the amortization of certain expenses related to the transaction and the warrants issued, certain non-recurring costs and a potential LIFO charge, and net of certain start up expenses. In addition, the company reiterated its expectations for financial performance for fiscal year 2013, which includes expected revenue growth in the 11%-13% range, and diluted earnings per share from continuing operations in the lower half of the range of $3.04 to $3.14, excluding certain expenses related to the relationship with Walgreens and Alliance Boots and the warrants issued, and the expected LIFO charge from onboarding of additional branded inventory. |
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| 07:33 EDT |  | OI | Paper & Packaging names likely to return cash to holders, says Jefferies
Jefferies expects names in the Paper & Packaging space to start returning cash to shareholders at a greater rate due to strong balance sheets and record free cash flow. The firm names International Paper (IP), RockTenn (RKT) and Owens-Illinois (OI) as best positioned to see higher share prices from more aggressive cash returns to shareholders. Jefferies says Crown Holdings (CCK), Graphic Packaging (GPK) and Owens-Illinois are likely to issue dividends. |
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| 06:09 EDT | | COH | Citi recommends Michael Kors ahead of Q4 results
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| May 16, 2013 |
| 09:20 EDT | | COH | Coach estimatse raised at Sterne Agee
Sterne Agee believes Coach can take shares in the combined premium footwear/outwear market and has an opportunity in watches. The firm reiterates its Buy rating and raised its price target to $65 from $62. |
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| May 15, 2013 |
| 17:46 EDT | | COH | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . |
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| May 14, 2013 |
| 13:21 EDT | | COOL | Take-Two rises after results beat expectations
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| 07:23 EDT |  | KWR | Oppenheimer to host a summit
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| 07:18 EDT | | ABC | BofA/Merrill to host a conference
2013 Health Care Conference is being held in Las Vegas on May 14-16. |
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| May 13, 2013 |
| 14:46 EDT |  | COH | Coach approached Tory Burch about possible takeover, WSJ says
Coach is weighing the purchase of an accessories brand to aid its growth, reported The Wall Street Journal, citing people familiar with the company's thinking. Coach previously approached Tory Burch, the report noted, and one source said a potential bid in the $2B-$3B range was discussed. Reference Link |
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| 14:19 EDT | | COH | Coach approached Tory Burch last year about deal, Dow Jones reports
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| 08:05 EDT | | ABC | Frazier Healthcare acquires AnderesonBrecon from AmerisourceBergen
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| 07:37 EDT | | OI | Owens-Illinois to benefit from better pricing dynamics, says Jefferies
Jefferies says negative sentiment around the glass market is unwarranted and expects Owens-Illinois to benefit from better pricing dynamics. The firm believes the glass market is similar to the containerboard market, with consolidation likely over the next few years. Jefferies raised its price target for Owens-Illinois shares to $35 from $33 and keeps a Buy rating on the stock. |
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| 07:32 EDT | | ABC | AmerisourceBergen says divestiture of AndersonBrecon has no impact on guidance
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| May 9, 2013 |
| 14:54 EDT | | COH | Coach management to meet with Sterne Agee
Group dinner to be held in New York on May 15 hosted by Sterne Agee. |
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