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Stock Market & Financial Investment News

News Breaks
June 17, 2014
10:08 EDTWSTC, TRV, MC, DPZ, BRCM, AVAV, URI, PGEM, HIMX, COV, BAH, ACMP, TGI, PXD, FIO, CRH, BBVAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Access Midstream (ACMP) downgraded to Neutral from Buy at Ladenburg... AeroVironment (AVAV) downgraded to Hold from Buy at Benchmark Co.... Banco Bilbao (BBVA) downgraded to Equal Weight from Overweight at Barclays... Booz Allen (BAH) downgraded to Underperform from Buy at BofA/Merrill... Broadcom (BRCM) downgraded to Hold from Buy at Benchmark Co.... CRH Plc. (CRH) downgraded to Neutral from Outperform at Exane BNP Paribas... Covidien (COV) downgraded to Market Perform from Outperform at BMO Capital... Domino's Pizza (DPZ) downgraded to Underperform from Neutral at BofA/Merrill... Fusion-io (FIO) downgraded to Hold from Buy at Needham... Himax (HIMX) downgraded to Sell from Neutral at UBS... Moelis (MC) downgraded to Neutral from Buy at UBS... Pioneer Natural (PXD) downgraded to Accumulate from Buy at Global Hunter... Ply Gem (PGEM) downgraded to Sell from Neutral at Goldman... Travelers (TRV) downgraded at BMO Capital... Triumph Group (TGI) downgraded to Underperform from Neutral at BofA/Merrill... United Rentals (URI) downgraded to Neutral from Buy at Longbow... West Corp. (WSTC) downgraded to Equal Weight from Overweight at Morgan Stanley.
News For ACMP;AVAV;BBVA;BAH;BRCM;CRH;COV;DPZ;FIO;HIMX;MC;PXD;PGEM;TRV;TGI;URI;WSTC From The Last 14 Days
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March 30, 2015
09:24 EDTBRCMBroadcom upgraded to Buy, attractive takeover target, says Nomura
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08:59 EDTPXDPioneer Natural subsidiary receives imminent danger order by MSHA
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07:09 EDTBRCMBroadcom upgraded to Buy from Neutral at Nomura
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March 27, 2015
11:08 EDTBRCMBroadcom downgraded to Buy from Strong Buy at Tigress Financial
March 26, 2015
09:09 EDTURIUnited Rentals recent pullback a buying opportunity, says UBS
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March 25, 2015
10:00 EDTURIOn The Fly: Analyst Initiation Summary
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March 24, 2015
16:07 EDTURIUnited Rentals initiated with an Outperform at Wells Fargo
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07:27 EDTDPZTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
07:21 EDTBRCMBroadcom pause in set-top box orders is temporary, says Macquarie
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March 23, 2015
08:13 EDTTGIBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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08:01 EDTBAHBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
March 20, 2015
07:24 EDTBRCMBroadcom chip renews competition with in-house hardware makers, WSJ says
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March 19, 2015
08:48 EDTBAHBooz Allen the best way to play defense spending rebound, says RBC Capital
RBC Capital views Booz Allen as the best way to play the defense budget recovery, due to its industry-leading margins, focus on R&D and respectable 2% yield. However, the firm, noting that the company returns 134% of its free cash flow to shareholders, believes that its cash deployment strategy is its best attribute. RBC keeps a $34 price target and Outperform rating on the shares.
March 18, 2015
09:31 EDTPXDPioneer Natural downgraded to Equalweight from Overweight at Capital One
Capital One downgraded Pioneer Natural to reflect lower oil, gas, and NGL price deck forecasts and said valuation is lofty. Price target is $163.
March 17, 2015
12:38 EDTHIMXOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, with the Dow falling about 1%. The market opened in negative territory and proceeded to gain additional downside momentum in early trading. Data on housing starts was not good, even accounting for bad weather in many areas of the country, and the prospect of interest rate increases on the horizon may have some fearing that the housing market recovery is in danger of stalling. Adding to the weakness in stocks may have been the further slide in crude oil prices, which pushed benchmark U.S. crude oil below $43 per barrel earlier in the session. ECONOMIC EVENTS: In the U.S., housing starts plunged 17% to an 897K rate in February, widely undershooting expectations for starts to be down 2.4% to a 1.04M rate, but much of the slide was attributed to weather. Building permits rose 3% to a rate of 1.092M, which was better than the expected 0.5% growth to a 1.065M rate. In Europe, Germany's ZEW Center investor confidence index climbed to 54.8 from 53 last month, though that fell short of the 59.4 consensus forecast. In Asia, the Shanghai Composite index rose 1.6% to close at its highest level in over 6 years. COMPANY NEWS: Apple (AAPL) is preparing to launch an online TV service later this year, according to reports from The Wall Street Journal and the Financial Times. After the reports, Piper Jaffray analyst Gene Munster said he believes Apple's online TV service launch would lay the groundwork for an actual television launch sometime in 2016. Munster estimates that at an average selling price of $1,750, a television could add about 7% to Apple's 2017 revenue. MAJOR MOVERS: Among the notable gainers was Black Diamond (BDE), which jumped 30% after the company reported was then expected quarterly results and guidance but also announced it has hired two banks to help it explore its strategic alternatives. Also higher was Esperion (ESPR), which rose 15% after the company's phase 2b study of ETC-1002, a product in development for patients with hypercholesterolemia on stable statin therapy, met its primary endpoints. Among the noteworthy losers was Himax (HIMX), which dropped 9% after BofA Merrill Lynch downgraded the stock two notches to Underperform from Buy. Also lower following its earnings report was magicJack (CALL), which fell 19%. INDEXES: Near midday, the Dow was down 152.00, or 0.85%, to 17,825.42, the Nasdaq was down 8.39, or 0.17%, to 4,921.12, and the S&P 500 was down 11.39, or 0.55%, to 2,069.80.
09:32 EDTHIMXHimax downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill downgraded Himax two notches to Underperform from Buy based on limited visibility, product newsflow from both Google (GOOG) and Microsoft (MSFT), and weakness with Samsung's low-end LCD based smartphone and China share. BofA/Merrill lowered Himax's price target to $7.

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