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Stock Market & Financial Investment News

News Breaks
February 6, 2013
15:17 EDTPRU, FMC, CBG, NWSA, TSO, ORLY, EFX, AIZ, ALL, SRCL, LNC, CINF, VCompanies reporting After the Market Close on Wednesday, February 6th
Notable companies reporting after the bell include Akamai (AKAM), Allstate (ALL), Assurant (AIZ), CBRE Group (CBG), Cincinnati Financial (CINF), Equifax (EFX), FMC Corporation (FMC), Lincoln National (LNC), News Corp. (NWSA), O'Reilly Automotive (ORLY), Prudential (PRU), Stericycle (SRCL), Tesoro (TSO) and Visa (V)
News For ALL;NWSA;V;AIZ;CBG;CINF;EFX;FMC;LNC;ORLY;PRU;SRCL;TSO From The Last 14 Days
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December 14, 2014
18:46 EDTFMCFMC Corporation could rally 50%, Barron's says
FMC Corporation shares could see a 50% increase to around $85.00 per share in the next couple of years, driven by expanding margins, Barron's contends in a feature article. Reference Link
December 12, 2014
08:09 EDTPRUBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
December 11, 2014
10:31 EDTPRUPrudential sees long-term target of 13%-14% top-tier ROE over cycle
Sees greater financial flexibility resulting from business momentum driving solid capital generation, increasing ratio of cash flow to adjusted operating income, and closed block restructuring.
10:30 EDTPRUPrudential sees FY15 EPS $9.60-$10.10, consensus $9.99
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10:29 EDTPRUPrudential sees 10 year US Treasury interest rate to rise to 2.97% by 2015-end
Sees FY15 effective tax rate of approximately 27%. Capital deployment will be supported by increasing ratio of cash flow to adjusted operating income. Sees year end 2015 leverage ratio to be within 25% target.
10:28 EDTPRUPrudential expects sustained low interest rate environment in 2015
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10:27 EDTPRUPrudential expects greater financial flexibility in 2015
Cites business momentum driving solid capital generation and enhanced closed block restructuring. This follows 2014 tailwinds that include equity market,s strong general account non-coupon investment income, favorable mortality experience and favorable case experience in retirement. Comments taken from slides for 2015 Financial Outlook Conference Call.
09:06 EDTCINFCincinnati Financial to launch new product for high net worth market
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December 10, 2014
08:12 EDTTSOTesoro price target raised to $100 from $86 at Credit Suisse
Credit Suisse raised Outperform rated Tesoro's price target to $100 following the growth strategy update.
December 9, 2014
10:23 EDTALLOn The Fly: Analyst Initiation Summary
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08:15 EDTTSOTesoro to outline potential drop down assets of at least $500M potential EBITDA
Tesoro (TSO) and Tesoro Logistics (TLLP) will host their annual analyst and investor day. At the meeting, Tesoro will outline potential drop down assets that represent at least $500M of potential EBITDA for the logistics business. These drop downs compliment the substantial organic growth opportunities being executed by this business, the company stated.
08:14 EDTTSOTesoro Logistics accelerates timeline to reach $1B of EBITDA to 2017
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08:13 EDTTSOTesoro expects to exceed 2014 improvement targets by over 30%
Tesoro (TSO) and Tesoro Logistics (TLLP) will host their annual analyst and investor day and the companies will provide details on the specific initiatives underway which will drive growth and create value for shareholders and unitholders. They will also provide a full-year 2015 financial outlook and detailed longer-term financial goals. "I am proud to report that in 2014 we have not only met, but we expect to exceed our targets by 30%. "In 2015, we expect to continue this momentum and deliver over $550M of additional improvements which will significantly increase shareholder value by capitalizing on our strong position on the West Coast, capturing margin improvements across our value chain and growing our logistics business," said Greg Goff, Tesoro President and CEO.
06:57 EDTALLAllstate initiated with an Overweight at JPMorgan
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December 8, 2014
16:06 EDTCBGCBRE Group acquires IVI International, Inc.
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14:50 EDTVVisa price target raised to $295 from $260 at Argus
Argus raised its FY15 and FY16 adjusted EPS estimates for Visa (V) and correspondingly increased its price target on the stock to $295 from $260. The firm, which keeps a Buy rating on Visa, expects rising transaction volume to lead to higher consensus earnings estimates and believes the stock should trade at a higher multiple than peer MasterCard (MA), given its faster EPS growth rate and more consistent earnings performance.
14:20 EDTPRUPrudential to host conference call
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08:56 EDTLNCLincoln National to sell LFM to Entercom Comm for $105M plus working capital
Entercom Communications Corp. (ETM) announced that it has entered into a definitive agreement to acquire Lincoln Financial Media, or LFM, from Lincoln Financial Group (LNC) for $105M plus working capital. The transaction is subject to FCC and other customary regulatory approvals and closing conditions. The company expects that the deal will close in 2Q15. The agreement includes fifteen radio stations in the Atlanta, Denver, Miami and San Diego markets, and it will expand Entercom’s station portfolio to more than 130 stations in 26 markets. The $105M purchase price will be paid in the form of $77.5M in cash and $27.5M in new perpetual cumulative convertible preferred stock that will be issued to Lincoln. Entercom expects to finance the cash portion of the purchase price through a combination of its existing $50M revolver, cash on hand, and through other financing sources, if necessary. Entercom anticipates that it will begin operating the LFM stations under a time brokerage agreement which is expected to commence in late January following the usual Justice Department regulatory review. In order to comply with the FCC’s station ownership limitations, the Company plans to divest one FM station in the Denver market.
08:21 EDTPRUSL Green Realty, Prudential Real Estate Investors form JV
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06:13 EDTVStocks with implied volatility below IV index mean; WFM V
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