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Stock Market & Financial Investment News

News Breaks
June 19, 2014
10:01 EDTSBUX, LZB, FDX, AT, SPR, HPP, DMND, ANGO, RYAAY, NBCB, BRKROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AngioDynamics (ANGO) upgraded at Canaccord... Atlantic Power (AT) upgraded to Sector Perform from Underperform at RBC Capital... Bruker (BRKR) upgraded to Outperform from Market Perform at Wells Fargo... Diamond Foods (DMND) upgraded to Overweight from Equal Weight at Barclays... FedEx (FDX) upgraded to Sector Perform from Underperform at RBC Capital... First NBC Bank (NBCB) upgraded at Sterne Agee... Hudson Pacific (HPP) upgraded to Buy from Hold at KeyBanc... La-Z-Boy (LZB) upgraded to Buy from Hold at BB&T... Ryanair (RYAAY) upgraded to Buy from Neutral at UBS... Spirit AeroSystems (SPR) upgraded at Sterne Agee... Starbucks (SBUX) upgraded to Buy from Neutral at UBS.
News For ANGO;AT;BRKR;DMND;FDX;NBCB;HPP;LZB;RYAAY;SPR;SBUX From The Last 14 Days
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December 9, 2014
13:16 EDTSPRSpirit AeroSystems price target raised to $57 from $48 at Cowen
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10:34 EDTSPRSpirit AeroSystems downgraded to Hold from Buy at Standpoint Research
07:46 EDTSPRTriumph Group to host a conference call
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07:31 EDTSPRTriumph to take over production of Gulfstream G650, G280 wing programs in Tulsa
Triumph Group (TGI) announced the signing of a definitive agreement with Spirit AeroSystems Holdings (SPR) which Triumph will take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma. The transaction is targeted to close by calendar year end, subject to customary closing conditions. Under the terms of the agreement, Triumph will receive $160M in cash plus assets required to run the business from Spirit to cover the anticipated future cash flow needs of the programs, with no additional capital contributions expected by Triumph. The company expects the programs to be initially cash flow negative, with operating cash requirements anticipated to decrease over the first three years and becoming cash flow positive in year four. The business will be included in the Aerostructures Group segment and is expected to add approximately $250M in annual revenue and to be immediately accretive to Triumph’s earnings per share upon closing, reflecting initial estimates of purchase accounting adjustments and excluding synergies resulting from the transaction and transaction related expenses. Upon the close of the transaction, production will continue out of Spirit’s Tulsa facility and Triumph will look to utilize its manufacturing experience, resources and wing design engineering capabilities as appropriate to supplement the Tulsa operations. The company will focus on optimizing the build process and cost structure of the programs, and has identified opportunities for engineering, supply chain and labor enhancements.
06:31 EDTANGOAngioDynamics signs agreement with HealthTrust covering PICC products
AngioDynamics announced it signed an agreement with HealthTrust covering PICC products. HealthTrust, which serves nearly 1,400 hospitals, 800 ambulatory surgery centers and members in more than 10,600 other locations, including physician practices, long-term care and alternate care sites, has an annual purchasing volume that exceeds $23B.
06:22 EDTSPRBoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
18:24 EDTDMNDOn The Fly: After Hours Movers
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16:10 EDTDMNDDiamond Foods backs FY15 EPS view 90c-$1.10, consensus $1.03
16:09 EDTDMNDDiamond Foods reports Q1 EPS 28c, consensus 25c
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15:19 EDTDMNDNotable companies reporting after market close
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08:05 EDTHPPHudson Pacific to acquire EOP portfolio from Blackstone for $3.5B
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07:52 EDTSBUXStarbucks price target raised to $97 from $88 at Jefferies
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07:24 EDTHPPBlackstone to sell $3.5B of California properties to Hudson Pacific, WSJ says
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07:16 EDTDMNDDiamond Foods December volatility elevated into Q1 and outlook
Diamond Foods December call option implied volatility is at 59, January is at 44, March is at 39; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement into the expected release of Q1 results today.
06:47 EDTSBUXStarbucks coverage resumed with a Conviction Buy at Goldman
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December 5, 2014
16:52 EDTSBUXDow just below 18K as market finishes week with gains
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12:13 EDTSBUXStarbucks hits 52-week high after analysts applaud five-year plan
Shares of Starbucks (SBUX) are climbing after a number of analysts were upbeat about the company's long-term guidance, which it announced yesterday. WHAT'S NEW: After Starbucks yesterday estimated that its revenue would approach $30B in fiscal 2019, up from $16B in fiscal 2014, research firm Piper Jaffray analyst Nicole Regan wrote in a note to investors today that the stock could more than double within four years. The depth and breadth of the plan that Starbucks unveiled yesterday in conjunction with its guidance is "particularly impressive," she contended. Regan was upbeat about the company's plans to double its U.S. food business, launch new technology initiatives, and significantly grow its store count. Following Starbucks' update, the analyst has increased confidence about its ability to generate continued top-line momentum. Regan now believes her previous forecast for the stock to double within five years could be conservative. The analyst reiterated a $100 price target and Overweight rating on the shares. Meanwhile, JPMorgan analyst John Ivankoe was impressed by the company's store expansion plans, sales driving initiatives, and margin enhancing measures, he wrote in a note to investors today. The company looks poised to increase its profits 15%-20% through 2016, and arguably through 2019 as well, Ivankoe stated. Starbucks is a classic, long-term core growth stock, added the analyst, who raised his price target on the name to $89 from $82 and kept an Overweight rating on the shares. PRICE ACTION: In early afternoon trading, Starbucks gained nearly 3% to $83.58. Earlier, the stock set a new 52-week high of $83.92.
09:05 EDTDMNDDiamond Foods December volatility elevated into Q1 and outlook
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07:32 EDTSBUXStarbucks price target raised to $89 from $82 at JPMorgan
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06:53 EDTSBUXPiper sees Starbucks shares doubling within four years
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