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Stock Market & Financial Investment News

News For MPC;KSU;EPD;CNI;AEP;ADM From The Last 14 Days
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March 26, 2015
10:04 EDTCNIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alere (ALR) upgraded to Neutral from Sell at Goldman... Canadian National (CNI) upgraded to Outperform from Market Perform at Cowen... Charles Schwab (SCHW) upgraded to Overweight from Underweight at Barclays... Con-way (CNW) upgraded at Stifel... Dr Pepper Snapple (DPS) upgraded to Buy from Hold at Stifel... Francesca's (FRAN) upgraded to Neutral from Sell at Goldman... GoPro (GPRO) upgraded to Outperform from Neutral at RW Baird... PartnerRe (PRE) upgraded to Outperform from Market Perform at BMO Capital... Rice Energy (RICE) upgraded to Overweight from Equalweight at Capital One... Saia, Inc. (SAIA) upgraded at Stifel... Sibanye Gold (SBGL) upgraded to Outperformer from Sector Performer at CIBC.
09:33 EDTCNICanadian National upgraded at Cowen
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06:28 EDTCNICanadian National upgraded to Outperform from Market Perform at Cowen
March 25, 2015
13:26 EDTKSUKansas City Southern management to meet with Stephens
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09:29 EDTMPCRefining stocks can outperform commodities within cycle, says Cowen
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09:19 EDTMPCRefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.
07:43 EDTCNIRail break caused latest Canadian National derailment, WSJ says
Canadian Nationalís latest derailment was caused by a rail break and the company is investigating whether track inspections are being conducted properly, reports the Wall Street Journal, citing Canadian National COO Jim Vena. Reference Link
March 24, 2015
06:12 EDTKSUKansas City Southern could trade down to $100 in near-term, says Citigroup
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March 23, 2015
16:20 EDTKSU, CNIOn The Fly: Closing Wrap
Stocks on Wall Street opened in relatively quiet fashion and remained that way throughout the session until a sharp selloff in the closing minutes. For most of the day the averages moved in a narrow range, as the Dow broke its streak of consecutive days with triple digit moves. Like stocks, the oil markets had a quiet session that stood out amid the recent volatility in crude prices. A late day drop prevented the major stock indexes from adding to the big gains they'd notched on Friday. ECONOMIC EVENTS: In the U.S., the Chicago Fed's national activity index fell to -0.11 in February, below expectations for a reading of 0.10. Existing home sales rose 1.2% to a 4.88M rate in February, which was below the consensus forecast for them to grow 2% to a 4.92M unit rate. COMPANY NEWS: Shares of Kansas City Southern (KSU) declined $9.21, or 7.96%, to $106.48 after the railroad operator lowered its fiscal year revenue guidance to reflect slower year-to-date carload growth primarily from the energy sector, along with a continued deterioration in the value of the Mexican peso against the U.S. dollar and lower fuel surcharge revenues driven by lower WTI prices. The revenue warning appeared to weigh on others in the rail industry as well, with Union Pacific (UNP) falling $4.67, or 3.98%, to $112.78, Norfolk Southern (NSC) dropping $3.87, or 3.5%, to $106.56 and Canadian National (CNI) sliding $1.13, or 1.65%, to $67.24. MAJOR MOVERS: Among the notable gainers was ImmunoGen (IMGN), which gained $1.25, or 16.8%, to $8.69 after Takeda (TKPYY) licensed rights to use the company's antibody drug conjugate technology. Also higher was Tenet Healthcare (THC), which rose $2.45, or 4.94%, to $52.07 after agreeing to combine its short-stay surgery and imaging center assets into a new joint venture with United Surgical Partners International. Tenet will initially own 50.1% of the joint venture and will consolidate its financial results and will have a path to full ownership of USPI over the next five years through a put/call structure, the company noted. Among the noteworthy losers was MEI Pharma (MEIP), which plunged $4.37, or 69.37%, to $1.93 and was downgraded by at least four Wall Street research firms after the combination of Pracinostat and azacitidine showed no difference in the rate of complete remission, the primary endpoint of a Phase II study, compared to azacitidine alone. Also lower were shares of Vertex (VRTX), which fell $5.21, or 3.98%, to $125.79 after reporting data from a study evaluating VX-661 in combination with ivacaftor in cystic fibrosis that JPMorgan said was generally below expectations. INDEXES: The Dow fell 11.61, or 0.06%, to 18,116.04, the Nasdaq lost 15.44, or 0.31%, to 5,010.97, and the S&P 500 dropped 3.68, or 0.17%, to 2,104.42.
13:13 EDTKSURailroad operators trade lower after Kansas City Southern reduces FY15 guidance
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12:17 EDTKSU, CNIOn The Fly: Midday Wrap
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11:30 EDTAEPAEP to review strategic alternatives for competitive barge transportation unit
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10:00 EDTEPDOn The Fly: Analyst Upgrade Summary
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08:23 EDTKSUKansas City Southern down 4.15% in pre-market trading
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08:14 EDTKSUKansas City Southern sees Q1 adjusted EPS flat to slightly higher
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08:12 EDTKSUKansas City Southern reduces FY15 revenue guidance to low single-digit growth
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07:16 EDTEPDHoward Weil to hold a conference
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06:49 EDTCNICanadian National derailments rose 73% in 2014, Reuters says
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06:42 EDTEPDEnterprise Products upgraded to Buy from Hold at Jefferies
Jefferies upgraded Enterprise Products to Buy with a $36 price target saying the 13.5% year-to-date decline in units presents an attractive entry point.
March 19, 2015
06:25 EDTEPDEnterprise Products resumed with a Buy at Citigroup
Price target lowered to $37 from $45.
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