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Stock Market & Financial Investment News

News Breaks
May 20, 2014
04:55 EDTAEL, AEL, INDB, INDB, PRA, PRA, RF, RF, PB, PB, FNB, FNB, BXS, BXS, COF, COF, ABCB, ABCB, WSH, WSHSunTrust to hold a conference
Financial Services UnConference to be held in New York on May 20-21.
News For AEL;ABCB;COF;BXS;FNB;PB;RF;PRA;INDB;WSH From The Last 14 Days
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July 2, 2015
07:11 EDTRFRegions Financial downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Regions Financial to Outperform with a $11.50 price target. The firm trimmed estimates citing the challenging operating environment and downgraded shares due to recent share outperformance.
06:44 EDTWSHInvestors underestimating Towers, Willis merger value, says Piper Jaffray
Piper Jaffray says its analysis on the Towers Watson (TW), Willis Group (WSH) merger indicates investors are underestimating the value creation arising from the deal given its complicated structuring. Piper calculates equity value per Towers share of $152 being offered to existing shareholders in the transaction, and that the deal should generate 2016 earnings accretion of 18% to Towers holders. The firm lowered its price target for Towers shares to $152 from $157 and keeps an Overweight rating on the name.
July 1, 2015
10:00 EDTWSHOn The Fly: Analyst Upgrade Summary
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08:02 EDTWSHTowers Watson should be bought on weakness, says Stifel
After Towers Watson (TW) agreed to merge with Willis Group (WSH), Stifel says that the decline in Towers' stock was overdone. The firm says that some investors are worried that the move signals that Towers Watson is worried about its exchange business. However, the firm believes that Towers Watson made the deal in order to acquire the distribution channel in the hottest part of the exchange business. Stifel thinks that the combined company can generate $10+ in EPS by 2018. It trimmed its price target on Towers Watson to $143 from $148 but keeps a Buy rating on the shares.
07:33 EDTWSHTowers Watson selloff yesterday a buying opportunity, says Jefferies
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07:30 EDTWSHWillis Group upgraded to Buy on Towers Watson merger at BofA/Merrill
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06:55 EDTWSHTowers Watson downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Towers Watson (TW) to Hold following the company's planned merger with Willis Group (WSH). Deutsche views shares as fairly valued at current levels.
06:39 EDTWSHWillis Group upgraded to Buy from Neutral at BofA/Merrill
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June 30, 2015
18:33 EDTBXSBancorpSouth extends merger agreement
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09:26 EDTWSHOn The Fly: Pre-market Movers
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05:19 EDTWSHWillis Group holder ValueAct Capital agrees to vote its shares in favor of deal
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05:18 EDTWSHTowers Watson holders will receive 2.65 shares of Willis per share of TW
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05:15 EDTWSHTowers Watson CEO McCann to be CEO of new company Willis CEO to be Deputy CEO
Upon closing of the transaction, James McCann will become chairman, John Haley, chairman and CEO of Towers Watson (TW), will be CEO and Dominic Casserley, CEO of Williw Group (WSH), will be president and Deputy CEO. The new company’s board will consist of 12 directors total – six nominated by Willis and six by Towers Watson, including Towers Watson’s and Willis’ current CEOs. Additionally, Roger Millay will be CFO.
05:11 EDTWSHWillis Group, Towers Watson to merge in transaction valued at $18B
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05:08 EDTWSHWillis Group, Towers Watson to merge in transaction valued at $18B
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June 29, 2015
06:30 EDTWSHWillis Group announces departure of Deputy CEO Steve Hearn
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June 25, 2015
14:27 EDTCOFCapital One, Apollo, Ares, Ventas bid for GE healthcare lender, Bloomberg says
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June 24, 2015
10:00 EDTINDBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Neutral at Goldman... Catamaran (CTRX) downgraded to Neutral from Buy at UBS... Citi (C) downgraded to Hold from Buy at Deutsche Bank... Esperion (ESPR) downgraded to Neutral from Outperform at Credit Suisse... Fortinet (FTNT) downgraded to Neutral from Buy at Citi... General Motors (GM) downgraded to Neutral from Buy at Goldman... Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank... IBERIABANK (IBKC) downgraded to Neutral from Outperform at Baird... Independent Bank (INDB) downgraded to Underperform from Neutral at Baird... Inphi (IPHI) downgraded to Market Perform from Outperform at Northland... MoneyGram (MGI) downgraded to Neutral from Outperform at Macquarie... Sensata (ST) downgraded to Hold from Buy at Cross Research... Teradyne (TER) downgraded to Buy from Conviction Buy at Goldman... Alcobra (ADHD) downgraded to Hold from Speculative Buy at WBB Securities.
06:53 EDTINDBIndependent Bank downgraded to Underperform from Neutral at Baird
June 23, 2015
07:31 EDTPBStephens to hold a field trip
Bank Field Trip travels throughout Texas to visit with various banking companies on June 23-25.
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