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Stock Market & Financial Investment News

News Breaks
October 29, 2012
05:55 EDTACH, ACH, ACH, ACH, ACH, SVA, SVA, SVA, SVA, SVA, SHI, SHI, SHI, SHI, SHI, MPEL, MPEL, MPEL, MPEL, MPEL, HOLI, HOLI, HOLI, HOLI, HOLI, MY, MY, MY, MY, MY, CHA, CHA, CHA, CHA, CHA, BITA, BITA, BITA, BITA, BITA, AMCN, AMCN, AMCN, AMCN, AMCN, CHU, CHU, CHU, CHU, CHU, LFC, LFC, LFC, LFC, LFC, PTR, PTR, PTR, PTR, PTRCitigroup to host a conference
China Investor Conference is being held in Beijing, China on October 29-November 2.
News For ACH;LFC;CHU;AMCN;BITA;CHA;MY;HOLI;MPEL;SHI;SVA;PTR From The Last 14 Days
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September 30, 2014
07:33 EDTMPELDeutsche Bank to hold a conference
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September 29, 2014
08:02 EDTHOLIHollysys Automation announces contract win of 2X800MW power plant project
Hollysys Automation announced that it signed the contract to provide its proprietary Distributed Control System for 2800MW power generating units in Liaoning Suizhong Power Plant for its DCS reconstruction.
September 26, 2014
10:01 EDTCHUOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Market Perform from Outperform at FBR Capital... Air France-KLM (AFLYY) downgraded to Underperform from Hold at Jefferies... Beacon Roofing (BECN) downgraded at Longbow... China Unicom (CHU) downgraded to Hold from Buy at Deutsche Bank... Erickson (EAC) downgraded at Stifel... H.B. Fuller (FUL) downgraded to Neutral from Overweight at Piper Jaffray... Philip Morris (PM) downgraded at BofA/Merrill... Seadrill (SDRL) downgraded to Sell from Neutral at Goldman... Starwood Property (STWD) downgraded to Neutral from Buy at Compass Point... Steel Dynamics (STLD) resumed with a Neutral from Buy at Citigroup... Vale (VALE) downgraded to Neutral from Buy at Citigroup.
09:36 EDTLFCChina Life Insurance upgraded to Overweight from Equal Weight at Barclays
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06:26 EDTCHUChina Unicom downgraded to Hold from Buy at Deutsche Bank
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September 22, 2014
10:15 EDTMPELOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actavis (ACT) downgraded to Equal Weight from Overweight at Barclays... Aetna (AET) downgraded to Neutral from Buy at BofA/Merrill... Auxilium (AUXL) downgraded to Hold from Buy at Stifel... CARBO Ceramics (CRR) downgraded to Neutral from Buy at Sterne Agee... Commerzbank (CRZBY) downgraded to Underperform from Neutral at Exane BNP Paribas... Concur (CNQR) downgraded to Neutral from Buy at Nomura... Dresser-Rand (DRC) downgraded to Neutral from Accumulate at Global Hunter... Finish Line (FINL) downgraded to Equal Weight from Overweight at Morgan Stanley... General Communications (GNCMA) downgraded to Hold from Buy at Drexel Hamilton... InvenSense (INVN) downgraded to Neutral from Outperform at RW Baird... Las Vegas Sands (LVS) downgraded to Market Perform from Outperform at Wells Fargo... Lindsay Corp. (LNN) downgraded at Sterne Agee... Melco Crown (MPEL) downgraded to Market Perform from Outperform at Wells Fargo... Outerwall (OUTR) downgraded to Sell from Neutral at B. Riley... PSEG (PEG) downgraded to Hold from Buy at Jefferies... Realogy (RLGY) downgraded to Underperform from Neutral at Credit Suisse... Regal-Beloit (RBC) downgraded to Accumulate from Buy at Global Hunter... SABMiller (SBMRY) downgraded to Market Perform from Outperform at Bernstein... Saba Software (SABA) downgraded to Neutral from Buy at B. Riley... Suburban Propane (SPH) downgraded to Market Perform from Outperform at Wells Fargo... Swiss Re (SSREY) downgraded to Underperform from Neutral at Exane BNP Paribas... Towers Watson (TW) downgraded to Buy from Conviction Buy at Goldman... Valmont (VMI) downgraded at Sterne Agee... Walgreen (WAG) downgraded to Equal Weight from Overweight at Barclays... Watts Water (WTS) downgraded to Neutral from Buy at Janney Capital... Wynn Resorts (WYNN) downgraded to Market Perform from Outperform at Wells Fargo... Yahoo (YHOO) downgraded to Neutral from Buy at BofA/Merrill.
07:37 EDTMPELLarge-Cap Gaming sector downgraded at Wells Fargo
Wells Fargo downgraded the Large-Cap Gaming sector to Market Weight from Overweight while cutting its ratings on Las Vegas Sands (LVS), Wynn Resorts (WYNN) and Melco Crown (MPEL) to Market Perform from Outperform. Wells believes near-term uncertainty in Macau has increased, making the risk/reward on shares balanced for the next 6-12 months. The firm thinks second half of 2014 and 2015 EBITDA estimates still need to come down another 10%. Wells cuts its price target range for Las Vegas Sands to $60-$70 from $80-$85, for Wynn to $180-$200 from $245-$250 and for Melco to $28-$31 from $38-$40. The firm keeps a Market Perform rating on MGM Resorts (MGM) with a slightly reduced price target range of $23-$26.
07:12 EDTMPELMelco Crown downgraded to Market Perform from Outperform at Wells Fargo
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September 19, 2014
08:24 EDTCHUSky-mobi deepends partnership with China Unicom
Sky-mobi (MOBI) announced that the company, through its controlling subsidiary Mopin Technology, entered into business agreements with three coastal provincial divisions of China Unicom (CHU). Under the terms of the agreements, Sky-mobi has been designated an official business partner of China Unicom in these regions to promote data packages, and will be eligible to share in a certain portion of the revenue generated.
September 18, 2014
08:20 EDTHOLIHollysys Automation wins bidding for control system for thermal power plant
Hollysys Automation won the bidding to provide its proprietary Distributed Control System combined process fieldbus communication technology for 21GW power generating units to Guangdong Yuedian Bohe Power Plant.
06:47 EDTMPELMacau stocks getting closer to bottom, says JPMorgan
JPMorgan says most Macau stocks have a 2:1 upside/downside ratio, making the risk/rewards favorable. The firm prefers MGM Resorts (MGM) and Wynn Resorts (WYNN) over Melco Crown (MPEL) and Las Vegas Sands (LVS) in the near-term, but keeps Overweight ratings on all four names. JPMorgan lowered its price target for Las Vegas Sands to $69 from $83, for Melco to $31 from $40, for MGM to $30 from $31 and for Wynn to $210 from $239. The firm says the stocks are getting closer to a bottom.

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