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Stock Market & Financial Investment News

News Breaks
January 31, 2014
10:01 EDTADT, AT, ABTL, STZ, AG, SVLC, HGR, BSMX, TIBX, SIMG, KMT, DB, CHEF, CMO, CRR, AKZOY, ADTN, ACCLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ADT Corp. (ADT) downgraded to Hold from Buy at Stifel... ADTRAN (ADTN) downgraded to Neutral from Buy at Goldman... AkzoNobel (AKZOY) downgraded to Neutral from Outperform at Exane BNP Paribas... CARBO Ceramics (CRR) downgraded to Sell from Neutral at Guggenheim... Capstead Mortgage (CMO) downgraded to Market Perform at Keefe Bruyette... Chef's Warehouse (CHEF) downgraded to Hold from Buy at Canaccord... Deutsche Bank (DB) downgraded to Equal Weight from Overweight at Barclays... Kennametal (KMT) downgraded to Neutral from Buy at Longbow... Midstates Petroleum (MPO) downgraded to Equal Weight at Morgan Stanley... Silicon Image (SIMG) downgraded to Hold from Buy at Needham... TIBCO (TIBX) downgraded to Underweight from Equal Weight at Barclays... Santander Mexico (BSMX) downgraded to Underperform from Neutral at BofA/Merrill... Hanger (HGR) downgraded to Equal Weight from Overweight at Stephens... SilverCrest (SVLC) downgraded to Market Perform from Outperform at Raymond James... First Majestic (AG) downgraded to Outperform from Strong Buy at Raymond James... Constellation Brands (STZ) downgraded to Underweight from Neutral at HSBC... Autobytel (ABTL) downgraded to Hold from Buy at Ascendiant... Atlantic Power (AT) downgraded to Reduce from Hold at TD Securities... Midstates Petroleum (MPO) downgraded at Morgan Stanley.
News For ADT;ADTN;AKZOY;CRR;CMO;CHEF;DB;KMT;SIMG;TIBX;BSMX;HGR;SVLC;AG;STZ;ABTL;AT;ACCL From The Last 14 Days
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October 24, 2014
09:54 EDTDBDeutsche Bank sails through stress test enacted by ECB, Reuters says
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08:44 EDTDBECB draft shows 25 EU banks set to fail stress test, Bloomberg says
Bloomberg cites a draft ECB document the news service has viewed. Publicly traded EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).
08:42 EDTCHEFChefs' Warehouse acquires Euro Gourmet, terms not disclosed
Chefs' Warehouse announced that it has acquired substantially all of the assets of Euro Gourmet, based in Beltsville, Maryland. Euro Gourmet is a wholesale specialty distributor of imported and domestic products along the East Coast. Euro Gourmet is expected to generate approximately $5M in annualized net sales in 2014. Terms of the transaction were not disclosed.
October 23, 2014
07:46 EDTDBSunEdison closes financing to build 26 MW utility solar power plant
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October 22, 2014
10:03 EDTAKZOYAkzoNobel to divest 50% stake in Eka Synthomer Oy venture
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October 21, 2014
10:33 EDTABTLAutobytel jumps 5% to $9.21 after Ancora reports activist stake
10:32 EDTABTLAncora urges Autobytel to explore sale after reporting stake
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08:18 EDTDBBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
08:09 EDTATAtlantic Power says offered to share information on sale process with Clinton
On October 16, Clinton Group delivered a letter to the board urging the Company to reinstate the strategic review process based upon Clinton Group's belief that the strategic review process yielded offers for the Company at or above $4.00 per share and a transaction may still be consummated at a price above $4.00 per share. Clinton Group's speculation about the Company's sale or merger process is not consistent with the actual results of that process. The Company is committed to having an open and constructive dialogue with its security holders, and regularly communicates with significant stakeholders either proactively or in response to enquiries. Consistent with that approach, on October 17, the Company spoke with representatives of Clinton Group. The Company offered to share certain information from the sale process, provided that Clinton Group agreed to be bound by confidentiality obligations with respect to such information. Clinton Group declined the Company's request to be bound by confidentiality obligations.In light of the letter and enquiries from investors, the Company wishes to provide the following additional detail to all shareholders concerning the process. The Company did not receive any offers that the Company's Board of Directors believed could be consummated at or above the closing share price of $3.04 on May 1, 2014, being the day prior to press rumors concerning a possible sale or merger of the Company. As such, the Company's Board of Directors reaffirms that, at the present time, the interests of the Company and its stakeholders are best served by continuing to operate as an independent company and executing the Company's business plan, including the objectives of enhancing the value of its existing assets through optimization investments and commercial activities, delevering its balance sheet to improve both its cost of capital and ability to compete for new investments, and utilizing the Company's core competencies to create proprietary investment opportunities. In addition, the Company will continue to assess other potential options, including asset sales or the contribution of assets to a joint venture in order to raise additional capital for growth and/or debt reduction.
08:05 EDTTIBXTIBCO Software chosen by Rail Europe 4A
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06:52 EDTDBCiti purchasea Deutsche energy, metals book, Reuters says
Citigroup (C) acquired Deutsche Bank's (DB) energy and metals book, which is the U.S. company's latest expansion effort in commodities trading as some of its competitors look to exit that sector, according to Reuters, citing a source familiar with the matter. Reference Link
06:00 EDTAKZOYAkzoNobel says on track to deliver 2015 targets
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05:59 EDTAKZOYAkzoNobel reports Q3 net income EU 205M vs. EU 155M last year
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October 20, 2014
16:08 EDTSIMGSilicon Image names Khurram Sheikh as Chief Strategy, Technology Officer
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08:30 EDTSTZConstellation Brands initiated with a Buy at Pivotal Research
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05:48 EDTADTNADTRAN appoints Ronan Kelly as CTO for EMEA, APAC regions
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October 17, 2014
10:51 EDTTIBXOptions with increasing implied volatility
Options with increasing implied volatility: COV DISH HLT QEP GREK BKW BYI LLY DTV TIBX
10:00 EDTATOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
07:32 EDTATAtlantic Power upgraded to Market Perform from Underperform at BMO Capital
As previously reported, BMO Capital upgraded Atlantic Power to Market Perform from Underperform. The firm upgraded shares based on valuation and activist shareholder, Clinton Group, efforts to re-initiate the sales process. Price target raised to $3 from $2.25.
06:57 EDTATAtlantic Power upgraded to Outperform from Market Perform at BMO Capital
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