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Stock Market & Financial Investment News

News Breaks
June 23, 2014
10:02 EDTSFBS, RYAM, LDRH, EOX, TIF, PEGI, KW, DMND, REN, MOV, ENBL, A, NILE, ACTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Actavis (ACT) resumed with an Overweight at JPMorgan... Agilent (A) reinstated with a Neutral at Goldman... Blue Nile (NILE) initiated with a Market Perform at Barrington... Diamond Foods (DMND) initiated with an Outperform at Credit Suisse... Emerald Oil (EOX) initiated with a Buy at Brean Capital... Enable Midstream (ENBL) initiated with a Market Perform at Wells Fargo... Kennedy Wilson (KW) initiated with a Buy at Deutsche Bank... LDR Holding (LDRH) initiated with an Outperform at RBC Capital... Movado (MOV) initiated with an Outperform at Barrington... Pattern Energy (PEGI) initiated with a Buy at KeyBanc... Rayonier Advanced Materials (RYAM) initiated with an Outperform at RBC Capital... Resolute Energy (REN) initiated with a Neutral at Global Hunter... ServisFirst (SFBS) initiated with an Outperform at Raymond James... Tiffany (TIF) initiated with a Market Perform at Barrington.
News For ACT;NILE;A;DMND;EOX;ENBL;KW;LDRH;MOV;PEGI;RYAM;REN;TIF;SFBS From The Last 14 Days
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July 30, 2015
11:23 EDTRYAMRayonier Advanced Materials announces strategic repositioning
Rayonier Advanced Materials announced a $25M investment to better align assets to current market conditions, improve operating efficiency and increase commodity throughput. In response to the persistent imbalance of supply and demand in the cellulose specialties market, the company will reconfigure its asset base to modify its 190,000 ton C-line at the Jesup plant for the permanent production of commodity products, specifically fluff and viscose. Certain assets that were installed on the C-line during the cellulose specialties expansion will be repositioned to the A-line to replace less efficient equipment. Upon completion in the first quarter of 2016, the company’s overall cellulose specialties capacity will be reduced by 190,000 tons, or 28%, while its annual fluff and viscose production capacity will increase by approximately 11% to 245,000 tons annually. The company's strategic repositioning is expected to reduce costs by approximately $14M annually, in part driven by a reduction of 43 manufacturing positions, and requires a one-time, non-cash write-off of $28M related to abandoned assets.
11:21 EDTRYAMRayonier Advanced Materials backs FY15 pro forma EBITDA view of $210M-$225M
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11:20 EDTRYAMRayonier Advanced Materials reports Q2 pro forma EPS 39c, consensus 26c
Reports Q2 revenue $221M, consensus $216.22M.
July 29, 2015
10:00 EDTTIFOn The Fly: Analyst Initiation Summary
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08:32 EDTKWKennedy Wilson, partners acquire 612-apartment community for $100M
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07:01 EDTTIFTiffany initiated with a Buy at Mizuho
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July 28, 2015
10:00 EDTEOXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aegerion (AEGR) upgraded to Buy from Hold at Jefferies... Ameren (AEE) upgraded to Neutral from Sell at Goldman... AutoNation (AN) upgraded to Buy from Neutral at Sterne Agee CRT... Beacon Roofing (BECN) upgraded to Outperform at Baird... BlackBerry (BBRY) upgraded to Equal Weight from Underweight at Morgan Stanley... Bojangles (BOJA) upgraded to Buy from Neutral at SunTrust... Boyd Gaming (BYD) upgraded to Neutral from Underperform at BofA/Merrill... Columbus McKinnon (CMCO) upgraded to Buy from Neutral at Sidoti... Danaher (DHR) upgraded to Overweight from Equal Weight at Morgan Stanley... Emerald Oil (EOX) upgraded to Hold from Sell at Wunderlich... Haemonetics (HAE) upgraded Outperform from Market Perform at Barrington... Jefferies sees entry point for Aegerion (AEGR), upgrades to Buy... Philips (PHG) upgraded to Buy from Hold at Societe Generale... Plum Creek Timber (PCL) upgraded to Buy from Neutral at DA Davidson... Raytheon (RTN) upgraded to Buy from Neutral at BofA/Merrill... SandRidge Energy (SD) upgraded to Hold from Sell at Wunderlich... Telecom Argentina (TEO) upgraded to Outperform from Market Perform at Raymond James... Teva (TEVA) upgraded to Outperform from Market Perform at BMO Capital... Triumph Bancorp (TBK) upgraded to Buy from Hold at Evercore ISI... Waste Management (WM) upgraded on valuation, rebounding businesses at Argus... Wisconsin Energy (WEC) upgraded to Buy from Neutral at Goldman.
07:51 EDTEOXEmerald Oil upgraded to Hold from Sell at Wunderlich
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July 27, 2015
05:31 EDTPEGINextEra Energy Partners upgraded to Outperform at Wells Fargo
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July 23, 2015
10:00 EDTPEGIOn The Fly: Analyst Upgrade Summary
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08:39 EDTPEGIPattern Energy upgraded to Outperform from Market Perform at Avondale
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06:03 EDTPEGIPattern Energy 5.435M share Secondary priced at $23.00
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July 22, 2015
18:02 EDTENBLEnable Midstream backs 2015 distribution guidance of 3%-7% growth
The company announced that is reaffirming its 2015 distribution guidance of 3%-7% growth, as measured from the partnership’s fourth quarter 2014 distribution to the projected fourth quarter 2015 distribution.
18:01 EDTENBLEnable Midstream raises quarterly distribution to 31.6c per unit
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July 21, 2015
16:34 EDTPEGIPattern Energy files to sell $225M of convertible senior notes due 2020
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16:30 EDTPEGIPattern Energy sees Q2 cash available for distribution about $26M-$28M
The company estimates that its cash available for distribution for the three months ended June 30 will be in the range of approximately $26M-$28M, although it has not yet completed its quarter-end procedures or finalized its results of operations for the three months ended June 30. In addition, the company estimates that its proportional MWh sold for the three months ended June 30 was approximately 1.2M MWh which, after adjusting for certain reimbursements that the company receives for curtailment or other contractual provisions, is approximately 10% below the company's long-term expectations. These estimates and the estimates of the underlying components thereof, were prepared by, and are the responsibility of, the company's management. While these estimates are presented with numerical specificity and considered reasonable by management, actual results may differ. Investors should not place undue reliance on these estimates, and they should not be regarded as a representation that estimated results will be achieved. Cash available for distribution is a non-U.S. GAAP financial measure.
16:28 EDTPEGIPattern Energy raises quarterly dividend 3% to 36.3c per Class A share
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16:27 EDTPEGIPattern Energy announces proposed acquisition of remaining 170MW of Gulf Wind
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16:24 EDTPEGIPattern Energy files to sell $125M of Class A common stock
The Equity Offering is being made through an underwriting group led by BMO Capital Markets, BofA Merrill Lynch and Citigroup, as joint book-running managers of the offering and the representatives of the underwriters.
08:11 EDTPEGIMorgan Stanley recommends buying NRG Yield, Abengoa Yield and Pattern Energy
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