New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 7, 2014
10:00 EDTSPLS, TCPC, PNFP, HUM, MTGE, OAS, GNCMA, SBLK, NYMT, HMHC, ANR, MTDR, VMEM, SWY, KIN, CYSOn The Fly: Analyst Downgrade Summary
Alpha Natural (ANR) downgraded to Sell from Neutral at Goldman... American Capital Mortgage (MTGE) downgraded to Hold from Buy at Deutsche Bank... CYS Investments (CYS) downgraded to Hold from Buy at Deutsche Bank... Houghton Mifflin (HMHC) downgraded to Hold from Buy at Stifel... Humana (HUM) downgraded to Hold from Buy at Jefferies... Kindred Biosciences (KIN) downgraded to Neutral from Buy at Roth Capital... New York Mortgage (NYMT) downgraded to Hold from Buy at Deutsche Bank... Numerex (NMRX) downgraded to Hold from Buy at Canaccord... Pinnacle Financial (PNFP) downgraded to Hold from Buy at Wunderlich... Safeway (SWY) downgraded to Hold from Buy at BB&T... Star Bulk Carriers (SBLK) downgraded to Equal Weight from Overweight at Morgan Stanley... TCP Capital (TCPC) downgraded to Hold from Buy at Deutsche Bank... Violin Memory (VMEM) downgraded to Underperform from Buy at BofA/Merrill... General Communications (GNCMA) downgraded at Raymond James... Staples (SPLS) downgraded to Hold from Buy at Argus... Matador (MTDR) downgraded to Hold from Accumulate at KLR Group... Oasis Petroleum (OAS) downgraded to Accumulate from Buy at KLR Group.
News For ANR;MTGE;CYS;HMHC;HUM;KIN;NYMT;PNFP;SWY;SBLK;TCPC;VMEM;GNCMA;SPLS;MTDR;OAS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
January 21, 2015
08:57 EDTHMHCHoughton Mifflin downgraded at Morgan Stanley
As previously reported, Morgan Stanley downgraded Houghton Mifflin to Equal Weight from Overweight. The firm expects reduced 2016 revenue growth as tailwinds from new Common Core teaching standards slow, a reduction in state budgets, and said digital adoption is years away. Price target lowered to $18.
06:27 EDTHMHCHoughton Mifflin downgraded to Equal Weight from Overweight at Morgan Stanley
January 20, 2015
17:35 EDTPNFPPinnacle Financial increases dividend 4c to 12c
Pinnacle’s Board of Directors declared a 12c per share cash dividend to be paid on Feb. 27 to common shareholders of record as of the close of business on Feb. 6. The amount and timing of any future dividend payments to common shareholders will be subject to the discretion of Pinnacle’s Board of Directors. “We are pleased to provide a 4c increase in our common dividend to shareholders this quarter,” Turner said. “Despite our double-digit loan growth, since the date we initiated our common dividend we’ve continued to experience net increases in our capital ratios. This increase in our dividend should also bring us back to our target range of a 20% payout ratio over time without disrupting our prospective growth plans.”
17:34 EDTPNFPPinnacle Financial reports Q4 EPS 53c, consensus 53c
Subscribe for More Information
15:21 EDTPNFPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
13:09 EDTSPLSSources: Staples to spurn Starboard's call to merge with Office Depot, FT says
Subscribe for More Information
10:47 EDTSPLSStaples says will consider 'all actions' that would create shareholder value
Subscribe for More Information
10:23 EDTSPLSStarboard says Staples should explore merger with Office Depot
Starboard Value, one of the largest shareholders of Staples (SPLS), confirmed, as previously reported, that it has delivered a letter to Ronald Sargent, Chairman and CEO of Staples, and the board of directors of Staples. In the letter, Starboard states in part: "As we discussed in our recent meeting, we believe that the best way to maximize value for Staples' shareholders is through exploring and completing a business combination with Office Depot (ODP). For a variety of reasons, we believe that now is the right time to pursue such a transaction, and we urge you to immediately retain a reputable investment bank and legal advisors to assist the Board in evaluating, structuring and executing a transaction with Office Depot. We believe that a strategic combination of Staples and Office Depot would result in synergies that would more than double the operating profits of the combined company and would create an industry-leading office supply retailer that could more effectively compete against larger retailers and online competitors. The magnitude of value creation from such a business combination far exceeds anything that either company could achieve on a standalone basis. We believe that the evidence is clear that shareholders are broadly supportive of a transaction between Staples and Office Depot. As shown in the chart below, since the merger speculation began last September, Staples' share price has risen over 50%, strongly outperforming the S&P 500...After the recent increase in Staples' share price, we believe the stock now trades at a substantial premium to the intrinsic value of the standalone company. This results in a lower cost of capital for Staples and a stronger currency which could be used to acquire Office Depot. If Staples fails to fully explore and consummate a transaction with Office Depot, shareholders will undoubtedly be extremely disappointed...We understand that this will require cooperation from Office Depot, and we have already expressed to them our strong support for a transaction...Our sincere hope is that we can continue to have a constructive dialogue. However, if it becomes clear to us that you have no intention of seriously pursuing this unique and highly attractive opportunity, it would be a clear sign that significant leadership change is needed at Staples."
09:36 EDTANRAlpha Natural downgraded to Underweight from Equal Weight at Morgan Stanley
Subscribe for More Information
09:31 EDTSPLSActivist Starboard urging Staples, Office Depot to merge, WSJ reports
Subscribe for More Information
08:59 EDTSPLSStarboard urged Staples to explore Office Depot merger, Bloomberg says
Subscribe for More Information
08:42 EDTOASOasis Petroleum downgraded to Reduce from Neutral at SunTrust
Subscribe for More Information
05:52 EDTMTDRMatador acquires HEYCO for cash, stock, preferred stock
Subscribe for More Information
05:42 EDTMTDRMatador to host conference call
Subscribe for More Information
January 16, 2015
16:22 EDTKINKindred Biosciences files $150M mixed securities shelf
10:47 EDTHUMBofA/Merrill healthcare facilities analyst analyst/industry conference call
Healthcare Facilities & Managed Care Analyst Bressler discusses the legislative and regulatory outlook for the industry for 2015 on an Analyst/Industry conference call to be held on January 23 at 2 pm.
January 15, 2015
10:30 EDTSPLSStaples announces board changes, CEO turns down raise to base salary
Subscribe for More Information
10:00 EDTANROn The Fly: Analyst Initiation Summary
Subscribe for More Information
05:55 EDTSWYSupermarkets upgraded to Neutral from Cautious at Goldman Sachs
Subscribe for More Information
05:31 EDTANRAlpha Natural initiated with an Underweight at Barclays
Subscribe for More Information
1 | 2 | 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