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Stock Market & Financial Investment News

News Breaks
April 4, 2013
10:09 EDTALU, WDR, KBH, RYL, LEN, SQNM, VNO, PPO, FNSR, ULTA, TCBI, EAT, BRO, CTL, LSCC, PNRA, NKA, TAHO, TMH, PANLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Buy from Hold at Deutsche Bank... Brinker (EAT) upgraded to Buy from Neutral at Goldman... Brown & Brown (BRO) upgraded to Neutral from Sell at Goldman... CenturyLink (CTL) upgraded to Overweight from Neutral at JPMorgan... Lattice Semiconductor (LSCC) upgraded to Buy from Neutral at Mizuho... Niska Gas (NKA) upgraded to Equal Weight from Underweight at Barclays... Panera Bread (PNRA) upgraded to Conviction Buy from Neutral at Goldman... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Team Health (TMH) upgraded to Conviction Buy from Neutral at Goldman... Texas Capital (TCBI) upgraded to Overweight from Equal Weight at Barclays... Ulta Salon (ULTA) upgraded to Buy from Hold at Jefferies... Waddell & Reed (WDR) upgraded to Outperform from Sector Perform at RBC Capital... KB Home (KBH) upgraded to Sector Perform from Underperform at FBN Securities... Ryland Group (RYL) upgraded to Sector Perform from Underperform at FBN Securities... Lennar (LEN) upgraded to Sector Perform from Underperform at FBN Securities... CenturyLink (CTL) upgraded to Overweight with $38 target at JPMorgan... Sequenom (SQNM) upgraded to Outperform from Neutral at Wedbush... Polypore (PPO) upgraded to Buy from Hold at Topeka... Vornado (VNO) upgraded to Buy from Hold at Stifel... Finisar (FNSR) upgraded to Buy from Neutral at Lazard Capital... Universal Display (PANL) upgraded to Buy from Hold at Needham.
News For ALU;EAT;BRO;CTL;LSCC;PNRA;NKA;TAHO;TMH;TCBI;ULTA;WDR;KBH;RYL;LEN;SQNM;VNO;PPO;FNSR;PANL From The Last 14 Days
Check below for free stories on ALU;EAT;BRO;CTL;LSCC;PNRA;NKA;TAHO;TMH;TCBI;ULTA;WDR;KBH;RYL;LEN;SQNM;VNO;PPO;FNSR;PANL the last two weeks.
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July 14, 2014
10:00 EDTEATOn The Fly: Analyst Upgrade Summary
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06:00 EDTEATBrinker upgraded to Overweight from Neutral at JPMorgan
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July 11, 2014
15:00 EDTCTLChance of Rackspace strategic buyer lower if CenturyLink out, says Wells Fargo
After BrightWire said that CenturyLink's (CTL) interest in Raxspace (RAX) had faded, Wells Fargo cautioned that it is difficult to judge the validity of sources in "articles such as this." However, Wells added that if CenturyLink is actually out, that the possibility of Raxspace finding a strategic buyer could be "meaningfully" lower. The firm keeps it Outperform rating on Raxspace, citing its fundamentals.
14:08 EDTCTLRackspace drawing 'tepid' interest from potential buyers, BrightWire says
Rackspace (RAX) is receiving a "tepid" response from potential buyers, according to BrightWire, citing three sources familiar with the matter. One industry source said CenturyLink (CTL) made an initial overture, but a banking source said the interest was only casual and soon faded, according to the report. Reference Link
10:00 EDTEATOn The Fly: Analyst Downgrade Summary
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09:43 EDTFNSRFinisar initiated with a Market Perform at Barrington
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06:54 EDTEATBrinker downgraded to Hold from Buy at Wunderlich
July 10, 2014
18:02 EDTCTLWells sees 'shrinking list' of strategic buyers for Rackspace
Wells Fargo sees a "shrinking list" of potential buyers for Rackspace (RAX), with only remaining HP (HPQ) and CenturyLink (CTL) remaining in its opinion. Wells believes Rackspace going private through a leveraged buyout is a possibility, but it thinks such an outcome is a lower probability given the required return assumptions and implied exit multiple. The firm believes the market has correctly assumed a high probability that Rackspace will not undergo a strategic event. However, Wells thinks the potential for a value creating event limits downside in the name. It keeps an Outperform rating on the stock.
11:40 EDTPNRAPotbelly plummets to 52-week low after outlook falls short
Shares of sandwich maker Potbelly (PBPB) are tanking after the company's second quarter and fiscal 2014 outlook fell significantly short of analysts' consensus estimates. WHAT'S NEW: Last night, Potbelly forecast Q2 adjusted earnings per share of approximately 6c and revenue of approximately $83.6M, far short of the consensus estimate of 12c and $86.66M, respectively. The company expects to report a decrease in company-operated comparable store sales of 1.6%, or a decrease of 0.9% when excluding the shift of the Easter holiday from the first fiscal quarter to the second fiscal quarter. WHAT'S NOTABLE: Based on the preliminary results for its second fiscal quarter, management revised its financial outlook for fiscal 2014. FY14 adjusted EPS is now expected to be 18c-21c, far below the consensus of 34c. For the fiscal year, Potbelly sees flat to negative low single-digit comparable store sales, compared to its previous guidance of low single-digit company-operated comparable store sales growth. PRICE ACTION: In late morning trading, Potbelly fell $3.50, or about 24%, to $11.15 on nearly seven times its average daily trading volume. Earlier in the session, the stock hit a new 52-week low of $10.95. Including today's pull back, the stock is down approximately 64% from its first day of public trading. Potbelly opened for trade at $28.66 on October 4 of last year after pricing its initial public offering at $14.00 per share. OTHERS TO WATCH: Other companies in the sandwich space include Panera Bread (PNRA) and Cosi (COSI), both of which are down about 1%.
11:00 EDTTMHTeam Health management to meet with Stephens
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10:05 EDTTMHOn The Fly: Analyst Initiation Summary
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10:05 EDTTAHO, WDROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AuRico Gold (AUQ) downgraded to Hold from Buy at Canaccord... Cincinnati Bell (CBB) downgraded to Underperform from Neutral at BofA/Merrill... Eldorado Gold (EGO) downgraded to Hold from Buy at Canaccord... Fortuna Silver Mines (FSM) downgraded to Hold from Buy at Canaccord... Gerdau (GGB) downgraded to Neutral from Overweight at JPMorgan... Hi-Crush Partners (HCLP) downgraded to Neutral from Buy at Ladenburg... Ingredion (INGR) downgraded to Equal Weight from Overweight at Stephens... Investors Bancorp (ISBC) downgraded to Neutral from Buy at Guggenheim... Lumber Liquidators (LL) downgraded to Hold from Buy at Jefferies... Mid-America Apartment (MAA) downgraded to Underweight at Morgan Stanley... Northern Tier (NTI) downgraded to Neutral from Outperform at Macquarie... S&T Bancorp (STBA) downgraded to Neutral from Buy at Guggenheim... T. Rowe Price (TROW) downgraded to Equal-Weight from Overweight at Evercore... Tahoe Resources (TAHO) downgraded to Hold from Buy at Canaccord... Tractor Supply (TSCO) downgraded to Market Perform from Outperform at William Blair... UnitedHealth (UNH) downgraded to Hold from Buy at Jefferies... Waddell & Reed (WDR) downgraded to Neutral from Buy at Citigroup... Washington Trust Bancorp (WASH) downgraded to Neutral from Buy at Guggenheim.
09:02 EDTCTLCenturyLink wins 10-year NH colocation contract
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07:48 EDTTAHOTahoe Resources downgraded to Hold from Buy at Canaccord
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06:28 EDTVNOOptions expected to be active
Options expected to be active: LL PBPB VNO FDO WFC COST ZUMZ UAL BA
06:13 EDTWDRWaddell & Reed downgraded to Neutral from Buy at Citigroup
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July 9, 2014
17:41 EDTVNOVornado to acquire St. Regis Fifth Avenue retail for $700M
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16:27 EDTTMHTeam Health initiated with an Outperform at RW Baird
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09:07 EDTVNOVornado completes sale of Beverly Connection Shopping Center for $260M
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08:41 EDTPNRACleveland Research recommends avoiding shares of Panera Bread
Cleveland Research continues to see risk to its Panera Bread 2% comp estimate for the year and expects higher food inflation, investments, unclear timing and benefits of Panera 2.0 and limited pricing power to pressure earnings over the next two years. Shares are Neutral rated.
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