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June 13, 2014
10:03 EDTEDR, BRC, ANZBY, SXE, PVA, INTC, CNW, AA, SON, OI, GEF, CWH, ARAY, SRCL, PF, NMBLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ANZ Banking (ANZBY) upgraded to Buy from Neutral at Goldman... Accuray (ARAY) upgraded to Overweight from Neutral at JPMorgan... Alcoa (AA) upgraded at BMO Capital... Brady (BRC) upgraded to Buy from Underperform at BofA/Merrill... CommonWealth REIT (CWH) upgraded at Stifel... Con-way (CNW) upgraded to Buy from Hold at Wunderlich... Education Realty (EDR) upgraded to Buy from Neutral at BofA/Merrill... Greif (GEF) upgraded upgraded to Buy from Underperform at BofA/Merrill... Intel (INTC) upgraded at Roth Capital... Nimble Storage (NMBL) upgraded to Strong Buy from Market Perform at Raymond James... Owens-Illinois (OI) upgraded to Buy from Neutral at BofA/Merrill... Penn Virginia (PVA) upgraded at Stifel... Pinnacle Foods (PF) upgraded to Outperform from Neutral at Credit Suisse... Sonoco Products (SON) upgraded to Buy from Neutral at BofA/Merrill... Southcross Energy Partners (SXE) upgraded to Buy from Hold at Stifel... Stericycle (SRCL) upgraded to Outperform from Neutral at RW Baird.
News For ANZBY;ARAY;AA;BRC;CWH;CNW;EDR;GEF;INTC;NMBL;OI;PVA;PF;SON;SXE;SRCL From The Last 14 Days
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May 19, 2015
09:17 EDTINTCAltera has 'underappreciated' positive catalyst, says Pacific Crest
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08:34 EDTINTCApple introduces 15-inch MacBook Pro with Force Touch trackpad
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08:33 EDTINTCMorgan Stanley cautious in near-term on PC names
Morgan Stanley is more cautious on PC names near-term, given PC and HDD inventory builds quarter-to-date and weaker April ODM sales. The firm's analyst team continues to believe Q1 was a bottom in year-over-year growth, but now expects normal Q2 seasonal growth instead of above normal and thinks any recovery will likely be delayed until Q3. Morgan Stanley is cautiously optimistic on Western Digital (WDC) due to its diverse revenue drivers, sees value creation catalysts for Hewlett-Packard (HPQ) and believes Microsoft (MSFT) shares reflect the challenging PC market and Win 10. The firm is more cautious on semis such as NVIDIA (NVDA) given higher valuations, share loss at Advanced Micro (AMD), potential 2H margin pressure at Intel (INTC), and Morgan is cautious on PC DRAM stocks near-term due to weaker pricing.
06:10 EDTINTCCiti sees over 50% chance of Intel buying Altera
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May 18, 2015
12:51 EDTINTCOn The Fly: Top stock stories at midday
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10:40 EDTINTCIntel, Altera held principal to principal talks late last week, Faber says
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10:01 EDTOIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
09:11 EDTINTCIntel, Altera held 'principal to principal' talks last week, CNBC reports
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07:47 EDTOIOwens-Illinois upgraded to Neutral from Underperform at BofA/Merrill
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07:06 EDTINTCAltera back in talks with Intel about potential takeover, NY Post says
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06:45 EDTOIOwens-Illinois upgraded to Neutral from Underperform at BofA/Merrill
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May 15, 2015
16:02 EDTSXESouthcross Energy Partners launches open season for Y-Grade pipeline
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07:09 EDTPVAHayman Capital gives quarterly update on stakes
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06:13 EDTINTCISS, Glass Lewis advise Intel investors to vote 'no' on eBay CEO, WSJ reports
ISS and Glass, Lewis & Co, two influential proxy advisory firms, are recommended Intel (INTC) investors vote against the reelection of eBay (EBAY) CEO John Donahoe to the company's board, The Wall Street Journal reports. Citing what it characterized as a poor attendance record, Glass Lewis commented "We view this as a failure by this director to fulfill a fundamental responsibility to represent shareholders at such meetings," while ISS said Donahoe "lacked a valid excuse" for attending less than 75% of the meetings held by the Intel board and committees he serves on in 2014. Intel's annual shareholders meeting is scheduled for May 21. Reference Link
May 14, 2015
16:13 EDTPVAPenn Virginia files $300M mixed securities shelf
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May 13, 2015
16:23 EDTOIOn The Fly: Top stock stories for Wednesday
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10:07 EDTPF, OIHigh option volume stocks
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07:46 EDTOIOwens-Illinois sees Vitro deal adding 30c-40c to EPS in Year 1
Sees acquisition of Vitro's food & beverage glass container business leading to EPS accretion of about 50c in Year 3, as synergies are realized. Sees expected FCF accretion of >$100M by Year 3. Sees deal closing within 12 months, subject to Vitro shareholder approval and customary regulatory approvals. Sees $30M annual savings run rate expected by Year 3. Says "highly confident" in achieving synergies. Comments from slides discussing the deal to buy Vitro's food & beverage glass container business for $2.15B.
07:32 EDTINTCCLSA to hold a conference
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06:37 EDTOIOwens-Illinois to acquire Vitro's food and beverage business for $2.15B
Owens-Illinois announced that it has reached a definitive agreement with Vitro, S.A.B. de C.V. to acquire Vitro's food and beverage glass container business in an all-cash transaction valued at approximately $2.15B. The transaction, which has been approved by the boards of both companies, is subject to approval by Vitro's shareholders and customary regulatory approvals. The deal is expected to close within 12 months. The agreement includes Vitro's five plants in Mexico and one in Bolivia, which together employ 4,700 people. The current leadership of Vitro's food and beverage glass container business will remain in place following the transaction close. The acquired business is expected to generate estimated annual revenue of $945M and adjusted EBITDA of $278M. Further, O-I expects to realize approximately $30M in run-rate cost synergies by 2018 through a combination of procurement savings and operating efficiencies. The transaction is expected to be accretive to cash flow and earnings per share in the first year after closing.
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