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Stock Market & Financial Investment News

News Breaks
January 8, 2013
10:00 EDTTAP, TDY, VR, ABV, DLPH, SRCL, VNR, CVA, PKY, CAP, MPLX, ADT, SBY, IMPVOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ADT Corp. (ADT) initiated with a Buy at Stifel Nicolaus... CAI International (CAP) initiated with an Outperform at William Blair... Imperva (IMPV) initiated with a Market Perform at JMP Securities... MPLX (MPLX) initiated with a Market Perform at Wells Fargo... Parkway Properties (PKY) initiated with a Buy at BofA/Merrill... Silver Bay Realty Trust (SBY) initiated with an Outperform at JMP Securities... Stericycle (SRCL) initiated with an Equal Weight at Barclays... Validus (VR) initiated with an Overweight at Barclays... Covanta (CVA) initiated with an Overweight at JPMorgan... Delphi Automotive (DLPH) initiated with an Outperform at CLSA... Teledyne Technologies (TDY) initiated with a Buy at Needham... Vanguard Natural (VNR) initiated with a Buy at Ladenburg... AB InBev (ABV) initiated with a Buy at ISI Group... Molson Coors (TAP) initiated with a Neutral at ISI Group.
News For ADT;CAP;IMPV;MPLX;PKY;SBY;SRCL;VR;CVA;DLPH;TDY;VNR;ABV;TAP From The Last 14 Days
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March 3, 2015
10:01 EDTMPLX, DLPHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Bacterin (BONE) initiated with a Buy at H.C. Wainwright... Cognizant (CTSH) initiated with a Buy at Argus... Comerica (CMA) initiated with a Neutral at UBS... Delphi Automotive (DLPH) initiated with a Neutral at Northcoast... Dunkin' Brands (DNKN) initiated with a Neutral at UBS... Easterly Government Properties (DEA) initiated with an Outperform at RBC Capital... Fifth Third (FITB) initiated with a Buy at UBS... Hilton (HLT) initiated with an Outperform at RBC Capital... KeyCorp (KEY) initiated with a Neutral at UBS... Ligand (LGND) initiated with a Buy at CRT Capital... M&T Bank (MTB) initiated with a Neutral at UBS... MPLX (MPLX) initiated with a Hold at Evercore ISI... Marriott (MAR) initiated with an Outperform at RBC Capital... Nexvet Biopharma (NVET) initiated with an Outperform at JMP Securities... Regions Financial (RF) initiated with a Neutral at UBS... Shell Midstream (SHLX) initiated with a Buy at Evercore ISI... Starwood (HOT) initiated with a Sector Perform at RBC Capital... Sunoco Logistics (SXL) initiated with a Hold at Evercore ISI... Syneron Medical (ELOS) initiated with a Buy at Brean Capital... Tesoro Logistics (TLLP) initiated with a Buy at Evercore ISI... Valero Energy Partners (VLP) initiated with a Buy at Evercore ISI... Vista Outdoor (VSTO) initiated with a Buy at CRT Capital... Zions Bancorp (ZION) initiated with a Sell at UBS.
08:56 EDTDLPHDelphi Automotive initiated with a Neutral at Northcoast
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07:33 EDTMPLXMorgan Stanley to hold a conference
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06:47 EDTMPLXMPLX initiated with a Hold at Evercore ISI
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March 2, 2015
07:17 EDTVNRVanguard Natural reports Q4 adjusted EPS 19c, consensus 28c
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February 27, 2015
09:58 EDTSBYOn The Fly: Analyst Upgrade Summary
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07:23 EDTSBYSilver Bay Realty upgraded at JMP Securities
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07:05 EDTCVAGabelli to hold a symposium
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06:29 EDTSBYSilver Bay Realty upgraded to Outperform from Market Perform at JMP Securities
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February 26, 2015
08:05 EDTSBYSilver Bay Realty to hold a conference call
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February 25, 2015
16:10 EDTSBYSilver Bay Realty reports Q4 core FFO 13c, consensus 11c
Reports Q4 revenue $20.7M, consensus $21M.
07:25 EDTADTJPMorgan to hold a conference
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February 24, 2015
10:08 EDTVNROptions with decreasing implied volatility
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07:12 EDTPKYWells Fargo to hold a conference
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February 23, 2015
10:15 EDTIMPVCyberArk sinks after JPMorgan analyst cuts rating to sell
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February 19, 2015
12:30 EDTIMPVImperva management to meet with Sterne Agee
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08:13 EDTDLPHDetroit Economic Club to host a luncheon meeting
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05:39 EDTDLPHDelphi Automotive agrees to sell thermal business to MAHLE
Delphi Automotive announced that it has entered into a definitive agreement to sell its wholly-owned thermal business to MAHLE GmbH for cash consideration of approximately $727M, subject to closing adjustments, which represents an implied EV/LTM EBITDA multiple of approximately 9.5x. The transaction is expected to close in the third quarter of 2015, subject to regulatory approvals. Proceeds from the transaction will be used to fund growth initiatives, including acquisitions and share repurchases. Delphi and MAHLE also signed a separate letter of intent to sell Delphi’s stake in Shanghai Delphi Automotive Air-Conditioning System. Proceeds from this transaction will be in addition to the $727M paid for the wholly-owned operations. Delphi’s Thermal division had 2014 revenues of $1.6B, with approximately 6,700 employees and 13 plants globally. The results of operations of the Thermal division business will be reported as discontinued operations beginning in the first quarter of 2015.
February 18, 2015
09:07 EDTSBYSilver Bay Realty to acquire The American Home portfolio for $263M
Silver Bay Realty Trust announced that it has entered into a definitive agreement to acquire a portfolio of properties owned and operated by The American Home for approximately $263M in cash. The Portfolio consists of approximately 2,460 homes primarily located in Atlanta, Charlotte, Tampa and Orlando. The leased portion of the portfolio exceeds 90% with average existing rents of approximately $960 per month and the purchase price per square foot of the portfolio is approximately $66. The purchase is estimated to be immediately accretive to Silver Bay’s Funds from Operations and Estimated Net Asset Value. In conjunction with the transaction, Silver Bay executed an amendment to its credit facility that increases its borrowing capacity to $400M. The company intends to utilize the credit facility to fund the transaction. The transaction remains subject to the satisfaction of conditions to close and is targeted to close in approximately 45-60 days.

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