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Stock Market & Financial Investment News

News Breaks
July 1, 2014
08:36 EDTADSKAutodesk guidance reassuring, says Longbow
After Autodesk (ADSK) announced that its CFO was leaving but said it expects its Q2 results to be at or above guidance, Longbow believes that the company's statements about Q2 are reassuring. The firm says that the CFO's departure may have been unexpected, but it still believes that the stock's multiple can rise going forward. The firm keeps an Overweight rating on the shares.
News For ADSK From The Last 14 Days
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October 2, 2014
10:05 EDTADSKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Hold at Deutsche Bank... Autodesk (ADSK) upgraded to Neutral from Sell at Citigroup... Bank of America (BAC) upgraded to Buy from Neutral at UBS... Barrick Gold (ABX) upgraded to Hold from Sell at Canaccord... Bemis (BMS) upgraded to Neutral from Underperform at BofA/Merrill... EOG Resources (EOG) upgraded to Buy from Accumulate at KLR Group... Electronics for Imaging (EFII) upgraded to Buy from Neutral at Citigroup... Encana (ECA) upgraded to Buy from Hold at Deutsche Bank... Equity One (EQY) upgraded to Neutral from Sell at Citigroup... Fossil (FOSL) upgraded to Buy from Hold at ISI Group... Gentex (GNTX) upgraded to Outperform from Market Perform at Wells Fargo... Gentherm (THRM) upgraded to Outperform from Market Perform at Barrington... Hi-Crush Partners (HCLP) upgraded to Buy from Neutral at Ladenburg... Home Properties (HME) upgraded to Hold from Sell at Cantor... IntercontinentalExchange (ICE) upgraded to Buy from Hold at Deutsche Bank... JetBlue (JBLU) upgraded to Market Perform from Underperform at Raymond James... Kinder Morgan (KMI) upgraded to Outperform from Market Perform at Wells Fargo... Mattel (MAT) upgraded to Market Perform from Underperform at BMO Capital... NASDAQ (NDAQ) upgraded to Buy from Hold at Deutsche Bank... National Oilwell (NOV) upgraded to Strong Buy from Outperform at Raymond James... Pandora (P) upgraded to Buy from Hold at Topeka... Preferred Bank (PFBC) upgraded to Outperform from Market Perform at Raymond James... PulteGroup (PHM) upgraded to Neutral from Sell at Goldman... Time Warner (TWX) upgraded to Hold from Sell at Topeka... Twitter (TWTR) upgraded to Overweight from Neutral at JPMorgan... UDR, Inc. (UDR) upgraded to Buy from Hold at Cantor... ViewPoint Financial (VPFG) upgraded to Overweight from Equal Weight at Stephens.
09:37 EDTADSKActive equity options trading on open
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09:04 EDTADSKOn The Fly: Pre-market Movers
HIGHER: Esperion (ESPR), up 29% after ETC-1002-008 Phase 2b study meets primary endpoint... Tesla (TSLA), up 5% after CEO Elon Musk said via a Twitter that it was "time to unveil the D and something else"... RealD (RLD), up 24.6% after Starboard Value offered $12.00 per share to acquire company... Twitter (TWTR), up 2% after upgraded at JPMorgan... Walter Energy (WLT), up 14% after U.K. paper discussed rumors of the company being a takeover target... Autodesk (ADSK), up 2% after upgraded at Cowen, Credit Suisse and Citigroup following the company's new CFO appointment, reiterated guidance yesterday... LOWER: Cree (CREE), down 13% after warning Q1 EPS and revenue will miss prior outlook. Aixtron (AIXG) is down 3.4% and Veeco (VECO) is down 5% following Cree's profit warning... NewLink Genetics (NLNK), down 4.8% after terminating CFO... Wi-Lan (WILN), down 14.6% after a judge grants Apple's (AAPL) motion for summary judgment in litigation... Constellation Brands (STZ), down 2.8% after Q2 earnings, announcement of deal to buy assets from AB InBev (BUD) as part of glass sourcing strategy
07:41 EDTADSKAutodesk outlook has improved, says RBC Capital
After attending Autodesk's Investor Day, RBC Capital is more confident in the company's transition to greater reliance on subscription revenue. The firm says that the transition should increase the company's billings by 12%, and it expects the company's subscriber totals to surpass expectations. It keeps a $70 price target and Outperform rating on the shares.
07:26 EDTADSKAutodesk analyst day a net positive, says UBS
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06:57 EDTADSKAutodesk upgraded to Outperform from Market Perform at Cowen
Cowen upgraded Autodesk to Outperform with a $65 price target after the company announced changes to its business model at its investor day. Shares were also upgraded this morning at Credit Suisse and Citigroup.
06:55 EDTADSKAutodesk upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Autodesk to Outperform saying the company's business model changes should drive meaningful long-term upside to revenue. The firm raised its price target for shares to $70 from $50. Autodesk was also upgraded this morning to Neutral at Citigroup.
06:33 EDTADSKAutodesk upgraded to Neutral from Sell at Citigroup
Citigroup upgraded Autodesk to Neutral after the company said it would stop selling perpetual licenses over the next 12-24 months. Citi raised its price target for shares to $59 from $37.
October 1, 2014
10:24 EDTADSKAutodesk appoints Scott Herren as CFO
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08:06 EDTADSKAutodesk still sees FY15 billings growth 10-12%
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08:04 EDTADSKAutodesk reiterates FY15 revenue growth view 7%-9%
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08:03 EDTADSKAutodesk Q3 EPS 17c-23c, consensus 22c
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08:02 EDTADSKAutodesk backs Q3, FY15 outlook
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08:01 EDTADSKAutodesk reiterates Q3, FY15 business outlook
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September 30, 2014
07:45 EDTADSKAutodesk October volatility elevated on tight four-month price movement
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September 25, 2014
14:01 EDTADSKAutodesk provides details on previously reported 3D plans, 3DPrint.com says
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September 24, 2014
12:27 EDTADSKAutodesk volatility flat into company hosted investor day
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09:04 EDTADSKAutodesk to host investor day
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