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December 10, 2012
10:09 EDTZGNX, GWAY, SM, NBL, FBR, ACGL, WPPGY, PUBGY, MHP, APA, MSW, X, OMC, GTIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Apache (APA) downgraded to Hold from Buy at Deutsche Bank... Fibria Celulose (FBR) downgraded to Sell from Neutral at Citigroup... GrafTech (GTI) downgraded to Hold from Buy at Jefferies... McGraw-Hill (MHP) downgraded to Neutral from Buy at Lazard Capital... Noble Energy (NBL) downgraded to Neutral from Buy at Sterne Agee... Omnicom (OMC) downgraded to Hold from Buy at Deutsche Bank... Publicis (PUBGY) downgraded to Sell from Hold at Deutsche Bank... SM Energy (SM) downgraded to Hold from Buy at Deutsche Bank... U.S. Steel (X) downgraded to Underperform from Neutral at Longbow... WPP PLC (WPPGY) downgraded to Hold from Buy at Deutsche Bank... Greenway Medical (GWAY) downgraded to Underperform from Neutral at Sterne Agee... Corcept Therapeutics (MHP) downgraded to Neutral from Outperform at Cowen... Arch Capital (ACGL) downgraded to Hold from Buy at Stifel Nicolaus.. Mission West Properties (MSW) downgraded to Hold from Buy at Stifel Nicolaus... Zogenix (ZGNX) downgraded to Hold from Buy at Stifel Nicolaus.
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November 28, 2014
12:31 EDTSMSell-off in E&P space overdone, says Barrington
Barrington views the sell-off in the Exploration & Production space as overdone and keeps Outperform ratings on Continental Resources (CLR), Newfield Exploration (NFX), SM Energy (SM) and Whiting Petroleum (WLL). Following OPEC's decision to not cut production, the firm is assuming an average WTI crude price of $70 per barrel for 2015. It lowered its price target for Continental Resources to $62 from $85, for Newfield to $43 for $47, for SM Energy to $69 from $102 and for Whiting Petroleum to $81 from $122. Barrington believes the stocks already reflected much of the OPEC news.
November 24, 2014
12:01 EDTXU.S. Steel announces new headquarters location
United States Steel President and CEO Mario Longhi joined Pittsburgh Penguins President and CEO David Morehouse in announcing that the company will relocate its corporate headquarters to the former Civic Arena site in Pittsburgh's lower Hill District. This announcement assures that the company will help anchor new development in the region while sustaining more than 800 jobs in Pittsburgh at the headquarters location. The announcement of the new headquarters location in Pittsburgh is another step in the company's Carnegie Way transformation journey. To be completed in 2017, the new 250,000 square foot headquarters will promote collaboration and best practices for U. S. Steel employees in the advanced work environment. Additionally, by housing employees from a number of locations under one roof, the new headquarters location will provide significant cost savings for the company.
November 20, 2014
14:26 EDTZGNXZogenix slips after FDA approves new extended-release opioid analgesic
Shares of Zogenix, the maker of Zohydro ER, are lower in afternoon trading after the FDA approved Hysingla ER, another extended-release opioid analgesic. WHAT'S NEW: Earlier, the Food and Drug Administration announced it has approved Hysingla ER, which is an extended-release opioid analgesic to treat pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate. Hysingla ER has approved labeling describing the productís abuse-deterrent properties consistent with the FDAís 2013 draft guidance for industry. Hysingla ER is manufactured by Purdue Pharma. WHAT'S NOTABLE: Janet Woodcock, the director of the Center for Drug Evaluation and Research, stated in a post to the "FDA Voice" blog, that the approval of Hysingla ER marks additional progress in the fight against the ongoing misuse and abuse of prescription opioids. In her blog post, Woodcock stated: "While Hysingla ER has the same active ingredient, hydrocodone, as Zohydro ER, the only other approved extended-release hydrocodone product, there are important differences between the two." Hysingla ER has approved abuse-deterrent labeling, while Zohydro ER does not, Woodcock noted. The CDER director also stated that the FDA has not yet determined whether Hysingla ER will prove to be safer than Zohydro ER. PRICE ACTION: In afternoon trading, shares of Zogenix slipped 1.7% to $1.18.
10:02 EDTAPAOn The Fly: Analyst Initiation Summary
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08:06 EDTAPAApache sees 2015 North American onshore production growth 8%-12% on BOE basis
Apache Corporation will provide an update to investors at its North American Update conference in New York. During the conference, Apache will state that it forecasts 2015 North American onshore liquids growth of 12%-16% when adjusted for 2014 asset sales. On a barrel of oil equivalent, or BOE, basis, the company projects 2015 North American onshore production growth of 8%-12%. This forecast assumes a preliminary North American onshore exploration and production capital budget of approximately $4B. The company presented a five-year compounded annual production growth outlook for onshore North American liquids of 12%-16% and 8%-12% on a BOE basis.
08:03 EDTAPAApache announces sale of non-core Louisiana and Anadarko assets for $1.4B
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November 19, 2014
17:09 EDTAPAApache initiated with an Outperform at Imperial Capital
Target $92.
November 18, 2014
13:28 EDTXIron ore, steel stocks lower after iron ore prices, China home prices decline
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06:33 EDTXU.S. Steel initiated with a Market Perform at BMO Capital
Target $43.
November 14, 2014
09:38 EDTAPAJANA 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).

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