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Stock Market & Financial Investment News

News Breaks
April 28, 2014
10:01 EDTUSG, NABZY, VLCCF, DWA, CVLT, WAIR, SQM, MFRM, HVRRY, DEO, CLH, WLT, PNRA, MAR, FLIR, DPSGY, CTL, BCE, AGN, APDOn The Fly: Analyst Downgrade Summary
Air Products (APD) downgraded to Underweight from Neutral at Atlantic Equities... Allergan (AGN) downgraded to Hold from Buy at Stifel... BCE (BCE) downgraded to Sector Perform from Outperform at RBC Capital... CenturyLink (CTL) downgraded to Market Perform from Outperform at BMO Capital... Clean Harbors (CLH) downgraded to Outperform from Strong Buy at Raymond James... CommVault (CVLT) downgraded to Neutral from Buy at Monness Crespi... Deutsche Post (DPSGY) downgraded to Equalweight from Overweight at Barclays... Diageo (DEO) downgraded to Neutral from Outperform at Credit Suisse... DreamWorks Animation (DWA) downgraded to Underperform from Neutral at BofA/Merrill... FLIR Systems (FLIR) downgraded to Fair Value from Buy at CRT Capital... Hannover Re (HVRRY) downgraded to Underperform from Neutral at BofA/Merrill... Knightsbridge Tankers (VLCCF) downgraded to Equal Weight at Morgan Stanley... Marriott (MAR) downgraded to Neutral from Buy at SunTrust... Mattress Firm (MFRM) downgraded to Hold from Buy at KeyBanc... National Australia Bank (NABZY) downgraded to Sell from Neutral at Citigroup... Panera Bread (PNRA) downgraded to Underperform from Neutral at Longbow... Sociedad Quimica (SQM) downgraded to Underweight from Neutral at HSBC... USG (USG) downgraded to Equalweight from Overweight at Barclays... Walter Energy (WLT) downgraded to Market Perform from Outperform at Clarkson... Wesco Aircraft (WAIR) downgraded to Neutral from Overweight at JPMorgan.
News For APD;AGN;BCE;CTL;CLH;CVLT;DPSGY;DEO;DWA;FLIR;HVRRY;VLCCF;MAR;MFRM;NABZY;PNRA;SQM;USG;WLT;WAIR From The Last 14 Days
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January 22, 2015
16:23 EDTDWADreamWorks Animation COO Mark Zoradi leaving company
In connection with the 2015 Restructuring Plan, the company also announced that Lewis Coleman, the company’s Vice Chairman, and Mark Zoradi, the company’s COO, would be leaving the company. The company currently anticipates that Mr. Zoradi will leave the company during the quarter ending March 31, 2015 and Mr. Coleman will retire from the company on or about January 30, 2015. On January 19, 2015, Mr. Coleman resigned from the company’s Board of Directors effective immediately.
16:19 EDTDWADreamWorks Animation reduces films per year to two, cuts 500 jobs
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12:43 EDTCVLTCommVault management to meet with Piper Jaffray
Meeting to be held in New York on January 29 hosted by Piper Jaffray.
07:38 EDTMARMarriott CEO bullish on U.S. growth, Chinese consumer class, WSJ says
Marriott International CEO Arne Sorenson believes most Americans are "underestimating the depth of the recovery under way in the U.S.," reports the Wall Street Journal, citing a recent interview at the World Economic Forum in Davos. He attributed U.S. momentum to falling oil prices, and went on to note that Marriott's business in Russia is down 20%-25% while calling its performance in the U.K. and Middle East "not bad." Sorenson also remarked that China's transition to a middle-class consumer economy should be a boon, though he speculated that foreign growth and U.S. tax rates could limit the company's reinvestment in U.S. properties. Reference Link
January 21, 2015
12:30 EDTAGNGlaxoSmithKline 'admired' by Pfizer CEO, FT reports
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07:22 EDTAGNActavis price target raised to $330 from $280 at Deutsche Bank
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January 20, 2015
08:59 EDTPNRAPanera Bread downgraded to Hold on valuation at Wunderlich
Wunderlich downgraded Panera Bread to Hold from Buy with shares within 8% of its unchanged price target of $185. The firm still expects Panera's same-store sales to continue to improve thru 2015 and 2016.
08:11 EDTPNRAPanera Bread downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Panera Bread to Hold with a $185 price target.
07:45 EDTCLHClean Harbors to host business news update conference call
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07:33 EDTCLHClean Harbors sees FY15 adjusted EBITDA $530M-$570M
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07:32 EDTCLHClean Harbors sees FY14 revenue $3.4B-$3.42B, consensus $3.4B
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07:32 EDTCLHClean Harbors confirms FY14 revenue, adjusted EBITDa guidance
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07:31 EDTCLHClean Harbors to spin out Oil and Gas Field Services as standalone entity
Clean Harbors announced that, as a result of its strategic review, the company plans to carve out its Oil and Gas Field Services segment as a standalone public entity. Due to the synergies related to drilling activity, Clean Harbors also intends to include its lodging drill camps business from its Lodging segment as part of the new entity. “During the fourth quarter, we completed the comprehensive strategic review of our portfolio that we began in early 2014,” said Alan S. McKim, chairman and CEO. “The review was designed to determine the optimal mix of businesses to drive organic growth, enhance our margins and improve our return on invested capital. Based on this review, we are undertaking a number of initiatives to maximize shareholder value, including the carve-out of our Oil and Gas Field Services segment, while retaining the vast majority of our Lodging segment and our re-refining business.” Since acquiring many of the Oil and Gas segment’s assets in 2009, Clean Harbors has significantly grown the business and greatly expanded the value proposition it offers customers to encompass a combination of exploration, seismic and drilling support, solids/fluids control packages, disposal of drill cuttings and production services. Including the lodging drill camps business, the assets the Company plans to carve out generated approximately $250M in revenue through the first nine months of 2014. While the Oil and Gas Field Services segment experienced a down cycle in the past year, the company believes it constitutes an attractive long-term cyclical business that is well-positioned as a leader within many markets. Clean Harbors has hired Goldman Sachs & Co. as its financial advisor to assist in the proposed transaction, a process that could take more than 12 months. Completion of the transaction is subject to certain conditions, including, but not limited to, determination of the most advantageous structure from a financial and tax standpoint, receipt of regulatory approvals, the effectiveness of securities laws filings and final approval by the company’s Board of Directors. There can be no assurance regarding the ultimate structure and timing of the proposed transaction or whether the transaction will be completed.
07:31 EDTCLHClean Harbors names Eric Gerstenberg as COO
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07:30 EDTCLHClean Harbors to spin out Oil and Gas Field Services as standalone entity
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06:06 EDTDWADreamWorks planning to lay off 'substantial' number of staff, LA Times reports
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05:44 EDTWAIRWesco Aircraft downgraded to Underweight from Equal Weight at Barclays
Barclays downgraded Wesco Aircraft to Underweight citing low visibility amid ongoing executive departures. The firm lowered its price target for shares to $13 from $16.
05:21 EDTMARMarriott expects to reach 1M rooms open or in development in FY15
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January 16, 2015
15:17 EDTPNRAHain Pure Protein extends relationship with Panera Bread
The Hain Celestial Group (HAIN) announced that Hain Pure Protein has entered into a new supply agreement with Panera (PNRA) to provide Plainville Farms turkey breast meat raised without antibiotics to Panera Bread. HPPC has been supplying Panera Bread with turkey raised without antibiotics on family farms since 2011.
12:29 EDTMFRMMattress Firm management to meet with William Blair
Meeting to be held in Las Vegas on January 20 hosted by William Blair.
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