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Stock Market & Financial Investment News

News Breaks
March 4, 2014
10:01 EDTSUNE, HLT, CME, PHM, GTI, WNS, MGA, ANFOn The Fly: Analyst Upgrade Summary
Abercrombie & Fitch (ANF) upgraded to Outperform from Neutral at Credit Suisse... GrafTech (GTI) upgraded to Buy from Hold at Jefferies... Hilton (HLT) upgraded to Buy from Neutral at Goldman... Magna (MGA) upgraded to Neutral from Sell at Goldman... PulteGroup (PHM) upgraded to Buy from Hold at KeyBanc... SunEdison (SUNE) upgraded to Overweight from Equal Weight at Morgan Stanley... WNS Holdings (WNS) upgraded to Outperform from Neutral at RW Baird... CME Group (CME) upgraded to Buy from Hold at Argus.
News For ANF;GTI;HLT;MGA;PHM;SUNE;WNS;CME From The Last 14 Days
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November 14, 2014
09:38 EDTSUNEJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
08:15 EDTHLTBlackstone may urge U.S. probe to speed sale of Waldorf, NY Post says
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05:35 EDTANFAbercrombie & Fitch downgraded to Neutral from Outperform at Credit Suisse
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November 13, 2014
14:50 EDTSUNELonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTSUNELonestar capital to shut down, DJ reports
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07:28 EDTCMECME Group price target raised to $97 from $89 at UBS
UBS raised its price target on CME Group to $97 from $89 reflecting the potential upside to volume and earnings based on a historical relationship between U.S. debt levels, CME's open interest, and turnover velocity. UBS reiterates its Buy rating on CME Group shares.
07:18 EDTPHMUBS to hold a conference
Building & Building Products Annual CEO Conference is being held in New York on November 13 with webcasted company presentations to begin at 9:30 am; not all company presentations may be webcasted. Webcast Link
November 12, 2014
16:41 EDTCMEBGC Partners issues letter to GFI Group holders
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07:37 EDTSUNESunEdison announces joint framework agreement with Aboitiz Renewables
SunEdison announced that it entered into a joint framework agreement with Aboitiz Renewables, a wholly-owned subsidiary of Aboitiz Power. The agreement formalizes their intention to jointly explore, develop, construct and operate up to 300 megawatts of utility-scale solar photovoltaic power generation projects in the Philippines over the next three years. The partnership with Aboitiz Renewables aims to develop the first in a series of utility-scale solar power projects in the Philippines starting in 2015. This follows similar arrangements by SunEdison in India and China through continued leverage of its ability to deploy cost effective solar energy solutions to meet the growing power needs of developing and emerging power markets.
November 11, 2014
07:49 EDTANFBofA/Merrill retail and consumer analysts hold analyst/industry conference call
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November 10, 2014
12:36 EDTANFAbercrombie, American Eagle sink after analyst downgrades
Shares of specialty teen apparel retailers Abercrombie & Fitch (ANF) and American Eagle Outfitters (AEO) are falling after a number of analysts issued negative notes on the companies. WHAT'S NEW: Oppenheimer analyst Anna Andreeva downgraded Abercrombie & Fitch to Perform from Outperform. The company's earnings outlook has become less clear as its U.S. brand has not yet become popular, and retail brand turnarounds usually take awhile, Oppenheimer analyst Anna Andreeva wrote in a note to investors. Additionally, Abercrombie's international business, which has deteriorated further this year, faces "mounting uncertainty, the analyst stated. The analyst slashed her price target on the name to $30 from $50. Meanwhile, Barclays analyst Matthew McClintock downgraded American Eagle Outfitters to Equal Weight from Overweight. McClintock has become more pessimistic about the outlook for American Eagle's comparative store sales in the second half of 2014, given recent data points from a number of retailers, including Abercrombie & Fitch, Kohl's (KSS), Wal-Mart (WMT), J.C. Penney (JCP), and Ann Inc. (ANN). The analyst said he saw no reason why American Eagle should significantly outperform the overall apparel sector. McClintock cut his price target on the name to $11 from $15. Meanwhile, the analyst lowered his rating on the Softline Retail sector to Negative from Positive, as he believes that the sector, which includes companies that sell products like apparel, towels, and jewelry - is facing structural difficulties that are likely to persist for the next several years. Separately, research firm Janney Capital downgraded Abercrombie to Neutral from Buy in a note to investors today. PRICE ACTION: In early afternoon trading, Abercrombie & Fitch sank 3.5% to $28.50 and American Eagle dropped 4% to $12.40.
10:04 EDTANFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded at Oppenheimer... American Eagle (AEO) downgraded to Neutral from Buy at B. Riley... BP (BP) downgraded to Neutral from Overweight at JPMorgan... Callon Petroleum (CPE) downgraded to Neutral from Buy at SunTrust... EP Energy (EPE) downgraded to Hold from Buy at Deutsche Bank... Eaton Vance (EV) downgraded at Sterne Agee... Ecopetrol (EC) downgraded to Underperform from Sector Perform at RBC Capital... General Mills (GIS) downgraded to Sector Perform from Outperform at RBC Capital... Genworth (GNW) downgraded to Market Perform from Outperform at Keefe Bruyette... MasTec (MTZ) downgraded to Hold from Buy at BB&T... Ocean Rig UDW (ORIG) downgraded to Neutral from Buy at Guggenheim... Performant Financial (PFMT) downgraded at Morgan Stanley... Petrobras (PBR) downgraded to Market Perform from Outperform at Cowen... R.R. Donnelley (RRD) downgraded to Hold from Buy at Benchmark Co.... Rex Energy (REXX) downgraded to Market Perform from Outperform at BMO Capital... Salix (SLXP) downgraded to Neutral from Buy at Mizuho... Siemens (SIEGY) downgraded to Neutral from Overweight at JPMorgan... Solazyme (SZYM) downgraded to Equal Weight from Overweight at Morgan Stanley... Stonegate Mortgage (SGM) downgraded to Market Perform at FBR Capital... Syngenta (SYT) downgraded to Neutral from Overweight at HSBC... ViaSat (VSAT) downgraded to Hold from Buy at Needham... Vistaprint (VPRT) downgraded to Neutral from Buy at SunTrust... Walter Investment (WAC) downgraded at Sterne Agee... WesBanco (WSBC) downgraded to Market Perform from Outperform at Keefe Bruyette... Whiting USA Trust II (WHZ) downgraded to Underperform at Raymond James... Wipro (WIT) downgraded to Sell from Buy at UBS... XOMA (XOMA) downgraded to Neutral from Buy at Ladenburg... Yanzhou Coal (YZC) downgraded to Sell from Hold at Deutsche Bank.
10:04 EDTPHMOn The Fly: Analyst Upgrade Summary
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07:51 EDTPHMPulteGroup upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded PulteGroup to Buy from Neutral. The firm's checks indicate PulteGroup's order growth is at a positive inflection point and its balanced approach to capital allocation will drive EPS accretion. Price target raised to $25 from $23.
07:50 EDTANFAbercrombie & Fitch downgraded at Oppenheimer
As noted earlier, Oppenheimer downgraded to Abercrombie & Fitch Perform from Outperform. The firm downgraded the stock, citing lack of visibility, following the company's negative preannouncement. Target to $30 from $50.
07:08 EDTCMECredit Suisse to hold a conference
2014 Boston Financials 1:1 Conference to be held in Boston on November 10-11.
06:34 EDTANFAbercrombie & Fitch downgraded to Neutral from Buy at Janney Capital
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06:09 EDTPHMPulteGroup upgraded to Buy from Neutral at BofA/Merrill
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05:48 EDTANFU.S. Retail Softlines industry cut to Negative at Barclays
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05:40 EDTANFAbercrombie & Fitch downgraded to Perform from Outperform at Oppenheimer
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