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October 5, 2012
10:15 EDTADP, PBY, WAL, TMO, OI, INFA, FDO, FIS, DLTR, GPSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Automatic Data Processing (ADP) upgraded to Buy from Neutral at Goldman... Dollar Tree (DLTR) upgraded to Outperform from Neutral at Credit Suisse... FIS (FIS) upgraded to Outperform from Neutral at RW Baird... Family Dollar (FDO) upgraded to Outperform from Neutral at Credit Suisse... Informatica (INFA) upgraded to Buy from Neutral at Nomura... Owens-Illinois (OI) upgraded to Buy from Neutral at Goldman... Thermo Fisher (TMO) upgraded to Outperform from Market Perform at Wells Fargo... Western Alliance (WAL) upgraded to Outperform from Market Perform at Keefe Bruyette... Pep Boys (PBY) upgraded to Buy from Hold at Benchmark Co. Gap (GPS) upgraded to Buy from Above Average at Caris.
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October 1, 2014
06:06 EDTFDO, DLTRFamily Dollar says proceeding with plans to be acquired by Dollar Tree
Family Dollar (FDO) said in a memo to its employees yesterday that it is proceeding with its plan to be acquired by Dollar Tree (DLTR), even as Dollar General (DG) seeks to break up the deal and acquire Family Dollar. Family Dollar said it is not planning any changes to its health care, 401(k) and compensation plans. Family Dollar comments, "The immediate focus of our work is to prepare for ‘Day 1,’ (the first day after closing), while simultaneously beginning to build a more detailed plan for the integration. We’re now in the ‘integration planning phase,’ which involves planning for the complex blending of our two organizations."
September 30, 2014
08:21 EDTINFAInformatica could be takeover target, says JMP Securities
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07:29 EDTTMOMichBio to hold a conference
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September 29, 2014
08:48 EDTFISFIS coverage resumed with a Sell at Goldman
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08:14 EDTFDO, DLTRDollar General buying Dollar Tree 'not impossible,' says FBR Capital
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07:43 EDTADPADP sees FY15 adjusted EPS $3.49-$3.55, consensus $3.52
Sees FY15 ADP EPS from Continuing Operations including $825M of Share Repurchases $2.89-$2.93. ADP provided updated FY15 guidance in anticipation of the spin-off of its Dealer Services business unit, to be named CDK Global. With the completion of the spin-off, ADP will report results of operations of the former Dealer Services business as discontinued operations. As a result, ADP revised its guidance for the current fiscal year ending June 30, 2015, and is now forecasting diluted EPS from continuing operations on a comparable basis to grow 12%-14% in FY15 over last fiscal year's restated $2.58 per share. This forecast includes a 2c benefit resulting from incremental share repurchases funded by the $825M in dividend proceeds the company expects to receive from CDK Global as a result of the spin-off. The company anticipates completing the $825M share repurchase by June 30, 2015, depending on market conditions. The FY15 revenue growth forecast is unchanged and is expected to rise 7%-8%. See the accompanying table at the end of this release for the full year pro-forma 2014 financials and 2015 guidance presented with Dealer Services reported within discontinued operations.
07:25 EDTINFAOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
September 26, 2014
18:01 EDTFDOAttorneys general investigating effects of proposed Family Dollar merger
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14:18 EDTPBYPep Boys downgraded to Hold from Buy at BB&T
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08:34 EDTPBYPep Boys CEO Odell resigns
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08:33 EDTPBYPep Boys CEO Odell resigns
September 23, 2014
17:58 EDTADPCDK Global set to join S&P MidCap 400, Bill Barrett to join S&P small cap 600
CDK Global Inc. (CDKVV) will replace Bill Barrett (BBG) in the S&P MidCap 400, and Bill Barrett will replace ITT Educational Services (ESI) in the S&P SmallCap 600 after the close of trading on Tuesday, September 30. S&P 500 constituent Automatic Data Processing (ADP) is spinning off CDK Global in a deal expected to be completed on that date. Bill Barrett's market capitalization is below $1.2B, making it more representative of the small cap market space. ITT Educational Services is ranked at the bottom of the S&P SmallCap 600. CDK Global provides integrated information technology and digital marketing solutions to retail locations and manufacturers. Headquartered in Hoffman Estates, IL, the company will be added to the S&P MidCap 400 GICS Application Software Sub-Industry index. Bill Barrett acquires, explores, and develops oil and natural gas resources. Headquartered in Denver, CO, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.
17:27 EDTADPCDK Global Inc. to replace Bill Barrett in S&P 400 as of 9/30 close
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September 18, 2014
15:58 EDTOIAtlantic Investment raises stake in Owens-Illinois to 6.7% from 5.3%
10:57 EDTGPSU.S. ITC to investigate 17 denim jean companies for patent infringement
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10:34 EDTINFAHigh option volume stocks
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10:00 EDTOIOn The Fly: Analyst Downgrade Summary
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08:30 EDTOIOwens-Illinois downgraded to Neutral at RW Baird
As reported previously, Baird downgraded Owens-Illinois to Neutral from Outperform to reflect volume and foreign exchange headwinds. The firm lowered its price target on shares to $32 from $40.
06:55 EDTOIOwens-Illinois downgraded at Macquarie
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06:11 EDTOIOwens-Illinois downgraded to Neutral from Outperform at RW Baird
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