New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 7, 2014
10:02 EDTGLUU, LULU, PRGO, UNH, PLL, CVD, BRO, AJG, LMT, MGM, ABV, WDAY, STI, LOGI, CLR, BDN, SHW, BBT, YUM, VAR, STJ, JNJ, COF, BDXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arthur J. Gallagher (AJG) upgraded to Overweight from Equal Weight at Barclays... Becton Dickinson (BDX) upgraded to Neutral from Underperform at BofA/Merrill... Brandywine Realty (BDN) upgraded to Outperform from Market Perform at Raymond James... Brown & Brown (BRO) upgraded to Overweight from Equal Weight at Barclays... Capital One (COF) upgraded to Conviction Buy from Buy at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at BofA/Merrill... Covance (CVD) upgraded to Buy from Hold at Jefferies... Johnson & Johnson (JNJ) upgraded to Outperform from Sector Perform at RBC Capital... Logitech (LOGI) upgraded to Equal Weight from Underweight at Barclays... Pall Corp. (PLL) upgraded to Buy from Neutral at BofA/Merrill... St. Jude Medical (STJ) upgraded to Sector Perform from Underperform at RBC Capital... SunTrust (STI) upgraded to Outperform from Market Perform at BMO Capital... UnitedHealth (UNH) upgraded to Buy from Hold at Deutsche Bank... Varian Medical (VAR) upgraded to Neutral from Sell at Citigroup... Workday (WDAY) upgraded to Buy from Neutral at UBS... Yum! Brands (YUM) upgraded to Top Pick from Outperform at RBC Capital... Perrigo (PRGO) upgraded to Buy from Neutral at BofA/Merrill... AmBev (ABV) upgraded to Overweight from Equal Weight at Morgan Stanley... lululemon (LULU) upgraded to Buy from Neutral at DA Davidson... MGM Resorts (MGM) upgraded to Overweight from Equal Weight at Morgan Stanley... Glu Mobile (GLUU) upgraded to Buy from Hold at Craig-Hallum... BB&T (BBT) upgraded to Overweight from Neutral at JPMorgan... Sherwin-Williams (SHW) upgraded to Buy from Hold at KeyBanc... Lockheed Martin (LMT) upgraded to Buy from Neutral at BofA/Merrill.
News For AJG;BDX;BDN;BRO;COF;CLR;CVD;JNJ;LOGI;PLL;STJ;STI;UNH;VAR;WDAY;PRGO;YUM;ABV;LULU;BBT;MGM;GLUU;SHW;LMT From The Last 14 Days
Check below for free stories on AJG;BDX;BDN;BRO;COF;CLR;CVD;JNJ;LOGI;PLL;STJ;STI;UNH;VAR;WDAY;PRGO;YUM;ABV;LULU;BBT;MGM;GLUU;SHW;LMT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | all recent news | >>
April 7, 2014
10:10 EDTWDAYAnalyst sees 'golden' opportunity after software stocks decline
Subscribe for More Information
08:49 EDTWDAYFBR sees 'golden buying opportunity' in enterprise software
FBR Capital says a "'golden buying opportunity" exists in the enterprise software space following the recent sell-off of high-growth names. The firm believes overall software results in Q1 tracked in line to slightly ahead of expectations. It recommends buying Splunk (SPLK), Salesforce.com (CRM), Workday (WDAY), FireEye (FEYE), NetSuite (N) and Palo Alto (PANW) on the recent pullbacks.
07:38 EDTLULUlululemon reiterated as a Buy ahead of Analyst Day at Topeka
Topeka expects lululemon's April 17 Analyst Day to be a "very positive" event and reiterates its Buy rating and $70 price target ahead of the event. The analyst said the new CEO is on a marketing offensive as the store base expands worldwide and new heads of merchandising and sourcing are working to maintain a high quality, innovative product.
07:21 EDTAJGArthur J. Gallagher files to sell 19M shares of common stock
Subscribe for More Information
07:09 EDTSHWSherwin-Williams retreat creates excellent entry point, says Longbow
After Sherwin-Williams announced the termination of its exclusive agreement with the sellers of Comex as it failed to obtain approval from Mexican regulators for the deal, Longbow believes that Sherwin-Williams' outlook "has rarely looked brighter." The firm thinks the stock's multiple can rise, and it reiterates a $215 price target and Buy rating on the shares.
06:11 EDTAJGArthur J. Gallagher to host conference call
Subscribe for More Information
05:13 EDTAJGArthur J. Gallagher reports Q1 EPS 36c, consensus 23c
Subscribe for More Information
April 6, 2014
20:33 EDTAJGArthur J. Gallagher acquires Wesfarmers Insurance Brokerage operations
Arthur J. Gallagher announced that it has signed an agreement to acquire the Wesfarmers Insurance Brokerage operations. The transaction, which includes the OAMPS businesses in Australia and the United Kingdom, Crombie Lockwood in New Zealand and the associated premium funding operations, is subject to regulatory approval and is expected to close during the second or third quarter. The Wesfarmers Insurance Brokerage operations generated A$331.1M n revenue in the year ended June 30, 2013 and have approximately 1,700 employees operating out of more than 50 offices across Australia, New Zealand and the U.K.
April 4, 2014
11:32 EDTSHWSherwin-Williams terminates stock purchase agreement for Comex Mexico
Sherwin-Williams announced that it sent notice to the sellers that effective immediately Sherwin-Williams is terminating the amended and restated stock purchase agreement, dated September 16, 2013, to acquire the Mexico business of Consorcio Comex. Under the terms of the agreement, either Sherwin-Williams or the sellers may terminate the agreement in the event that the closing of the acquisition did not occur on or prior to March 31 and such party is not in material breach of the agreement. Sherwin-Williams also announced that it filed a complaint for a declaratory judgment in the Supreme Court of the State of New York, New York County, requesting the court to declare that Sherwin-Williams has used commercially reasonable efforts as required under the stock purchase agreement and has not breached the agreement.
10:10 EDTLULUJudge rejects claims from lawsuit against lululemon, Reuters reports
Subscribe for More Information
08:08 EDTSTJSt. Jude Medical announces FDA approval of Protege IPG
Subscribe for More Information
07:54 EDTWDAYWorkday on track to beat FY15 expectations, says FBR Capital
FBR said its recent channel checks indicate that Workday's momentum through the first two months of Q1 "has been as strong as ever." The firm believes Workday is tracking to beat current expectations for FY15 and it reiterates an Outperform rating on the stock with a $150 price target.
06:40 EDTLMTSpaceX to compete with Boeing-Lockheed JV for satellite launch, WSJ says
Elon Musk's SpaceX is expected to compete with a joint venture between Boeing (BA) and Lockheed Martin (LMT) for a contest to launch a military satellite next year, reports the Wall Street Journal. The Defense Department has also put a study into developing a new rocket engine that could reduce reliance on the Russian engine used on a rocket employed by Boeing-Lockheed JV. Reference Link
05:15 EDTAJGArthur J. Gallagher acquires MHIB, terms not disclosed
Subscribe for More Information
April 3, 2014
11:19 EDTSHWRPM hits 52-week high after raising full year profit outlook
Shares of specialty chemical, paint, and coating maker RPM (RPM) are rallying after the company raised its fiscal 2014 profit outlook. WHAT'S NEW: This morning, RPM reported third quarter earnings per share of 12c and revenue of $863.4M, compared to expectations of 9c and $877.67M, respectively. RPM raised its FY14 EPS view to $2.10-$2.15 from $2.05-$2.10, compared to consensus of $2.11. It also forecast FY14 industrial sales growth of 4%-6% and consumer sales growth of 8%-10%. The company cited stronger than anticipated leverage in its industrial segment, resulting from solid performance in Europe and businesses serving U.S. construction markets, as the reason for the improved outlook. PRICE ACTION: In late morning trading, RPM rose $2.03, or 4.8%, to $44.20 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $45.47. Including today's advance, the stock is up approximately 43% over the past twelve months. OTHERS TO WATCH: Other companies in the paint and coatings space include PPG Industries (PPG), Valspar (VAL), and Sherwin Williams (SHW).
10:49 EDTLULULululemon Athletica active call volume attributed to renewed takeover chatter
Lululemon Athletica active April weekly 55 and 56 call total call volume is attributed to renewed takeover chatter. April weekly call option implied volatility is at 43, April is at 34, June is at 38; compared to its 26-week average of 37 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
10:34 EDTLULURumor: lululemon strength attributed to unconfirmed takeover speculation
10:00 EDTBBTOn The Fly: Analyst Downgrade Summary
BB&T (BBT) downgraded to Outperform from Strong Buy at Raymond James... Broadcom (BRCM) downgraded to Neutral from Overweight at Piper Jaffray... CF Industries (CF) downgraded to Neutral from Buy at Citigroup... CSX (CSX) downgraded to Equalweight from Overweight at Barclays... Cheniere Energy (LNG) downgraded to Neutral from Outperform at Credit Suisse... Citigroup (C) downgraded to Neutral from Buy at Sterne Agee... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... G&K Services (GK) downgraded to Neutral from Outperform at RW Baird... Marcus (MCS) downgraded to Neutral from Buy at B. Riley... National Retail Properties (NNN) downgraded to Sell from Neutral at UBS... Norfolk Southern (NSC) downgraded to Neutral from Overweight at Atlantic Equities... Orion Energy (OESX) downgraded to Hold from Buy at Ascendiant... VIVUS (VVUS) downgraded to Underweight from Neutral at Piper Jaffray... Liquidity Services (LQDT) downgraded to Neutral from Outperform at RW Baird... Shaw Communications (SJR) downgraded to Sector Performer from Outperformer at CIBC... USG (USG) downgraded to Neutral from Outperform at Macquarie... Level 3 (LVLT) downgraded to Hold from Buy at Gabelli... U.S. Bancorp (USB) downgraded to Neutral from Conviction Buy at Goldman... Extra Space Storage (EXR) downgraded to Buy from Conviction Buy at Goldman... First Republic Bank (FRC) downgraded to Buy from Conviction Buy at Goldman... TELUS (TU) downgraded to Neutral from Outperform at Macquarie.
08:49 EDTBBTBB&T downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded BB&T to Outperform from Strong Buy based on a modest estimate reduction and valuation.
06:32 EDTBBTBB&T downgraded to Outperform from Strong Buy at Raymond James
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use