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Stock Market & Financial Investment News

News Breaks
July 9, 2014
10:02 EDTVVC, MRVL, MHFI, MCO, PCL, POT, RGSE, TAM, TOT, UN, VMW, LPX, IP, GIMO, GRMN, CMI, COH, APO, APAM, ALV, BNPQY, BP, CG, AEISOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
News For AEIS;APO;APAM;ALV;BNPQY;BP;CG;COH;CMI;GRMN;GIMO;IP;LPX;MRVL;MHFI;MCO;PCL;POT;RGSE;TAM;TOT;UN;VMW;VVC From The Last 14 Days
Check below for free stories on AEIS;APO;APAM;ALV;BNPQY;BP;CG;COH;CMI;GRMN;GIMO;IP;LPX;MRVL;MHFI;MCO;PCL;POT;RGSE;TAM;TOT;UN;VMW;VVC the last two weeks.
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July 9, 2014
06:01 EDTMCOMoody's downgraded to Market Perform from Outperform at Raymond James
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05:54 EDTGRMNGarmin downgraded to Underperform from Sector Perform at Pacific Crest
Pacific Crest downgraded its rating on Garmin (GRMN) to Underperform saying any action camera optimism is likely to end in disappoint while Apple's (AAPL) potential watch announcement could create "substantial" headline and competitive risk. Pacific Crest believes Garmin shares may be overvalued and sees fair value for the stock in the mid-$40 range. The stock closed yesterday at $60.63.
05:49 EDTBNPQYBNP Paribas downgraded to Neutral from Overweight at JPMorgan
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05:45 EDTPOTPotash downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Potash (POT) to Neutral citing valuation with shares near the firm's unchanged price target of $38. JPMorgan prefers Mosaic (MOS) at current valuation levels. The firm believes falling crop prices in anticipation of high domestic corn and soybean supplies could weigh on Potash shares.
05:38 EDTGIMOGigamon downgraded to Market Perform from Outperform at William Blair
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05:37 EDTGIMOGigamon downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Gigamon to Neutral citing execution issues after the company lowered its Q2 sales outlook. The firm cut its price target for shares to $14 from $29.
05:35 EDTMRVLMarvell downgraded to Underperform from Perform at Oppenheimer
Oppenheimer downgraded Marvell to Underperform saying the company is sacrificing margins for revenue growth. The firm recommends avoiding the shares until the risk/reward improves.
05:27 EDTBPBP downgraded to Hold from Buy at Deutsche Bank
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July 8, 2014
18:28 EDTGIMOOn The Fly: After Hours Movers
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16:18 EDTCMICummins appoints Rich Freeland as COO
Cummins announces Rich Freeland will assume the role of President and COO for Cummins, reporting to Tom Linebarger, who will remain Chairman and CEO. In his new role, Freeland will focus on the company's daily operations. Freeland has been the Engine Business President for Cummins since 2010 overseeing development, manufacturing, marketing and sales for the Company's largest business unit.
16:10 EDTGIMOGigamon lowers Q2 revenue view to $34.5M-$35M from $38M-$42M
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16:03 EDTIPInternational Paper authorizes additional $1.5B share buyback program
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15:28 EDTCMICummins capital return, lack of revised guidance positive, says Wells Fargo
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15:24 EDTCMICummins dividend raised more than expected by ISI Group
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14:35 EDTCMICummins spikes to highs of session after dividend raise, share repurchase
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14:31 EDTCMICummins raises quarterly dividend 25%, announces $1B share repurchase plan
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12:06 EDTBNPQYBelgium looks to meet with BNP to talk about U.S. fine, Reuters says
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07:23 EDTTOTTotal CEO says too early to predict Kurdistan future, Reuters says
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07:18 EDTTOTTotal CEO maintains costly drilling goals until 2014 end, Reuters says
Total CEO Christophe de Margerie is giving himself until the end of 2014 to strike oil at a large new field somewhere on the globe before contemplating whether to change his strategy and reduce the exploration budget, according to Reuters, citing comments from de Margerie. Reference Link
06:29 EDTMRVLSEMI predicts 21% increase in production equipment purchases in 2014, WSJ says
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