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Stock Market & Financial Investment News

News Breaks
February 5, 2014
10:04 EDTTSH, RPTP, MYGN, TGI, ITC, ANGI, BBG, SYT, SIRI, CENX, BIRT, VTSS, ETN, OAS, CSGS, AGCOOn the Fly: Analyst Downgrade Summary
AGCO (AGCO) downgraded to Market Perform from Outperform at BMO Capital... Actuate (BIRT) downgraded to Hold from Buy at Drexel Hamilton... Angie's List (ANGI) downgraded to Neutral from Buy at BofA/Merrill... CSG Systems (CSGS) downgraded to Underweight from Neutral at JPMorgan... Century Aluminum (CENX) downgraded to Market Perform from Outperform at Cowen... ITC Holdings (ITC) downgraded to Neutral from Buy at ISI Group... Oasis Petroleum (OAS) downgraded to Buy from Conviction Buy at Goldman... Sirius XM (SIRI) downgraded to Hold from Buy at Wunderlich... Triumph Group (TGI) downgraded to Neutral from Buy at BofA/Merrill... James River Coal (JRCC) downgraded at Sterne Agee... Eaton (ETN) downgraded at MKM Partners... Syngenta (SYT) downgraded to Buy from Conviction Buy at Goldman... Myriad Genetics (MYGN) downgraded to Neutral from Buy at Ladenburg... Vitesse (VTSS) downgraded to Hold from Buy at Craig-Hallum... Bill Barrett (BBG) downgraded to Neutral from Accumulate at Global Hunter... Teche Holding (TSH) downgraded to Market Perform from Outperform at Fig Partners... Raptor Pharmaceuticals (RPTP) downgraded to Underperform from Neutral at Wedbush.
News For AGCO;BIRT;ANGI;CSGS;CENX;ITC;OAS;SIRI;TGI;ETN;SYT;MYGN;VTSS;BBG;TSH;RPTP From The Last 14 Days
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August 26, 2015
10:51 EDTSYTSyngenta reopens, down 16% to $65.70 after Monsanto ends current pursuit
Monsanto (MON) shares are up 5.5% to $94.31 after announcing it is no longer pursuing its current proposal for a Syngenta (SYT) combination and confirming its confidence in more than doubling its FY14 ongoing EPS by 2019.
10:39 EDTSYTMonsanto confirms making revised proposal to Syngenta on August 18
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10:37 EDTSYTMonsanto says no longer pursuing current proposal for Syngenta combination
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10:36 EDTSYTMonsanto says no longer pursuing current proposal for Syngenta combination
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10:24 EDTCENXCentury Aluminum to curtail Hawesville operations due to weak prices
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10:22 EDTSYTSyngenta trading halted, news pending
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10:00 EDTETNOn The Fly: Analyst Upgrade Summary
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09:03 EDTETNEaton upgraded to Buy from Hold at Vertical Research
August 25, 2015
18:47 EDTCENXOn The Fly: After Hours Movers
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16:04 EDTCENXCentury Aluminum unit intends to curtail operations at Hawesville plant
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13:10 EDTSYTSyngenta investor: CHF470 per share 'good price,' Reuters reports
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09:47 EDTSYTSeveral Monsanto shareholders opposed to Syngenta pursuit, CNBC reports
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07:41 EDTMYGNMyriad Genetics upgraded on positive risk/reward at Wells Fargo
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06:22 EDTMYGNMyriad Genetics upgraded to Outperform from Market Perform at Wells Fargo
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August 24, 2015
17:10 EDTANGITCS Capital Management raises stake in Angie's List to 9.0% from 6.5%
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12:17 EDTSYTMonsanto to raise Syngenta bid to about CHF470 per share, Bloomberg says
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11:44 EDTSYTMonsanto to raise Syngenta bid to about CHF 470 per share, Bloomberg says
This would equate to about $47B and be up from CHF 449 per share previously, Bloomberg noted.
August 23, 2015
19:18 EDTAGCOAGCO CEO sees machinery demand returning in 2016, FT says
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August 21, 2015
13:02 EDTAGCOChanos says heavy equipment companies 'have the wind in their face'
Jim Chanos of Kynikos Associates said on CNBC that the companies selling heavy equipment will "have the wind in their face" for years as inventory is worked though. Chanos added that he remains short shares of Caterpillar (CAT), pointing out the company acquired Bucyrus at the top of the market. Peers of Caterpillar include Deere (DE) and AGCO (AGCO).
12:17 EDTAGCO, SYTDeere slides after Q3 results and outlook impacted by deteriorating farm economy
Despite reporting third quarter results that surpassed analyst expectations, shares of farm equipment maker Deere (DE) are falling after the company said it sees farm equipment sales for the year lower than previously thought, as the downturn in the agricultural economy continues. WHAT'S NEW: Deere reported Q3 EPS of $1.53, down from $2.33 in the year-ago quarter, and revenue of $7.6B, down 20% from last year's Q3. Analysts' consensus estimates for Q3 were for EPS of $1.44 on revenue of $7.17B. John Deere's Chief Executive Officer Samuel Allen said, "John Deere's third quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand for construction equipment." WHAT'S NOTABLE: Looking ahead, the farm equipment maker forecast full year 2015 world-wide sales of its farm equipment to be lower by about 25% for the year compared to the 24% it forecast in May with its Q2 report. On its Q3 earnings conference call, the company said crop prices are stabilizing near the long-term average and the dairy sector remains under pressure. Beef prices remain solid while pork prices remain at low levels, Deere added. In China, the company sees continued slowdown in economic growth, lower commodity prices impacting agricultural economy, and mechanizing trends and ongoing subsidies supportive of agriculture. In India, the company sees positive consumer and investor sentiment supporting economic growth, and two consecutive below normal monsoon seasons impacting farm incomes. In the Commonwealth of Independent States, the company sees a continued deterioration of economic growth and credit conditions remaining challenged. Deere sees crop value of agricultural production in Brazil to decrease 11% in 2015. PRICE ACTION: Shares of Deere are down $6.04, or 6.6%, to $84.61 in midday trading. OTHERS TO WATCH: Other companies that are leveraged to agriculture include AGCO (AGCO),Potash (POT), Mosaic(MOS), Agrium (AGU), Syngenta (SYT), CF Industries (CF), and DuPont (DD).
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