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Stock Market & Financial Investment News

News Breaks
May 2, 2012
10:35 EDTWWW, TRIP, STM, MAS, GNW, FLEX, FBHS, EW, BOOM, CKEC, ACIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arch Coal (ACI) upgraded to Buy from Fair Value at CRT Capital... Carmike Cinemas (CKEC) upgraded to Outperform from Neutral at Macquarie... Dynamic Materials (BOOM) upgraded to Buy from Hold at Auriga... Edwards Lifesciences (EW) upgraded to Outperform from Market Perform at Wells Fargo... Flextronics (FLEX) upgraded to Neutral from Underperform at BofA/Merrill... Fortune Brands Home & Security (FBHS) upgraded to Outperform at RBC Capital... Genworth (GNW) upgraded to Neutral from Underperform at BofA/Merrill... Masco (MAS) upgraded to Sector Perform from Underperform at RBC Capital... STMicroelectronics (STM) upgraded to Buy from Neutral at Goldman... STMicroelectronics upgraded to Neutral from Sell at Citigroup... TripAdvisor (TRIP) upgraded to Buy from Neutral at BofA/Merrill... Wolverine World Wide (WWW) upgraded to Buy from Hold at Jefferies.
News For ACI;CKEC;BOOM;EW;FLEX;FBHS;GNW;MAS;STM;TRIP;WWW From The Last 14 Days
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March 30, 2015
14:07 EDTFLEXFlextronics downgraded to Hold from Buy at Standpoint Research
10:00 EDTWWWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: BHP Billiton (BHP) upgraded to Outperformer from Sector Performer at CIBC...Analog Devices (ADI) upgraded to Overweight from Equal Weight at Barclays... Continental Resources (CLR) upgraded to Buy from Hold at Societe Generale... FirstEnergy (FE) upgraded to Overweight from Equal Weight at Barclays... Madison Square Garden (MSG) upgraded to Buy from Hold at Topeka... Madison Square Garden upgraded to Overweight at Morgan Stanley... Nike (NKE) upgraded to Outperform from Neutral at RW Baird.... Restoration Hardware (RH) upgraded to Buy from Neutral at Goldman... Wolverine World Wide (WWW) upgraded to Outperform from Neutral at RW Baird... Transocean (RIG) upgraded to Neutral from Reduce at Global Hunter... Oracle (ORCL) upgraded to Outperform from Sector Perform at RBC Capital... Hertz (HTZ) upgraded to Equal Weight from Underweight at Morgan Stanley... Kraft Foods (KRFT) upgraded to Buy from Hold at Canaccord... GoPro (GPRO) upgraded to Buy from Neutral at Dougherty... Tetra Technologies (TTI) upgraded to Outperform from Sector Perform at Scotia Howard Weil.
08:07 EDTFBHSFortune Brands to acquire Norcraft for approx. $600M
Fortune Brands Home & Security (FBHS) has signed an agreement to acquire Norcraft (NCFT), a publicly-owned manufacturer of kitchen and bathroom cabinetry. "We believe Fortunes Brands’ scale and resources provide a highly complementary platform to continue enhancing our entire organization while generating meaningful value for our shareholders,” said Mark Buller, chairman and CEO of Norcraft. “We look forward to the combination of these two best-in-class cabinet businesses and are excited by the prospects for the future.” The purchase price is $25.50 per share, resulting in an enterprise value of approximately $600M. The transaction will be financed under Fortune Brands’ existing credit facility. Fortune Brands expects to launch a tender offer for all outstanding Norcraft shares in approximately 15 days. Upon completion of the tender offer, Norcraft will be merged into Fortune Brands’ cabinets business. The transaction is subject to the tender of a majority of Norcraft’s shares and certain other customary closing conditions, and is expected to close in the second quarter. Strategic acquisitions are one component of Fortune Brands’ overall strategy to both grow the business and create incremental value for shareholders through use of its strong balance sheet and cash flow.
08:00 EDTFBHSNorcraft agrees to be acquired by Fortune Brands for approx. $600M
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07:59 EDTFBHSNorcraft agrees to be acquired by Fortune Brands for approx. $600M
06:37 EDTWWWWolverine World Wide upgraded to Outperform from Neutral at RW Baird
March 24, 2015
11:02 EDTCKECCarmike Cinemas management to meet with Piper Jaffray
Meeting to be held in New York on March 27 hosted by Piper Jaffray.
10:08 EDTEWSenate Health, Education, Labor & Pensions Committee to hold a hearing
The Committee holds a hearing entitled, "Continuing America’s Leadership: Advancing Research and Development for Patients" with Chairman & CEO Mussallem of Edwards Lifesciences on March 24 at 10 am. Webcast Link
March 23, 2015
11:27 EDTCKECCarmike Cinemas management to meet with Benchmark Co.
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09:00 EDTGNWGenworth upgraded at Raymond James
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06:50 EDTGNWGenworth upgraded to Strong Buy from Outperform at Raymond James
March 22, 2015
16:56 EDTFBHSFortune Brands could reach $60, Barron's says
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March 20, 2015
16:33 EDTEWStocks end week higher after market reads Fed statement as dovish
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10:30 EDTCKECCarmike Cinemas management to meet with Topeka
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10:00 EDTSTMOn The Fly: Analyst Upgrade Summary
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05:38 EDTSTMSTMicroelectronics upgraded to Equal Weight from Underweight at Morgan Stanley
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March 19, 2015
11:32 EDTMASMasco says post-spinoff name for services business to be TopBuild
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March 18, 2015
10:21 EDTMASHigh option volume stocks:
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