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Stock Market & Financial Investment News

News Breaks
March 22, 2013
10:04 EDTAPEI, MSG, SPRD, NXPI, PANW, PROV, R, TCBI, MPR, IRG, DSW, FDO, ADTNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Public (APEI) upgraded to Outperform from Market Perform at Wells Fargo... DSW (DSW) upgraded to Outperform from Neutral at Credit Suisse... Family Dollar (FDO) upgraded to Buy from Hold at Deutsche Bank... Ignite Restaurant (IRG) upgraded to Buy from Hold at KeyBanc... Met-Pro (MPR) upgraded to Buy from Hold at Brean Capital... Ryder (R) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Outperform from Market Perform at Keefe Bruyette... Provident Financial (PROV) upgraded to Buy from Hold at Sandler O'Neill... Palo Alto (PANW) upgraded to Buy from Neutral at B. Riley Caris... NXP Semiconductors (NXPI) upgraded to Positive from Neutral at JNK Securities... Spreadtrum (SPRD) upgraded to Buy from Neutral at BofA/Merrill... Madison Square Garden (MSG) upgraded to Outperform from Neutral at Macquarie... Adtran (ADTN) upgraded to Market Perform from Underperform at Raymond James.
News For APEI;FDO;DSW;IRG;MPR;TCBI;R;PROV;PANW;NXPI;SPRD;MSG;ADTN From The Last 14 Days
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September 30, 2014
09:48 EDTPANWPalo Alto to hold a webinar
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September 29, 2014
08:14 EDTFDODollar General buying Dollar Tree 'not impossible,' says FBR Capital
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September 26, 2014
18:01 EDTFDOAttorneys general investigating effects of proposed Family Dollar merger
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06:39 EDTPANWMost connected devices have security flaw, NY Times says
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September 24, 2014
17:15 EDTMSGJAT Capital raises stake in Madison Square Garden to 9.36% from 7.75%
07:57 EDTRRyder selected by Chrysler Mexico
Ryder (R) announced it has been selected by Chrysler Mexico to manage a cross dock operation at the Port of Altamira, feeding parts from an overseas supplier to Chrysler’s manufacturing assembly plant in Mexico. Ryder is responsible for receiving sea containers from two Italian consolidation centers, facilitating the customs process and transloading the shipments into trailers for delivery to the plant. Ryder will use its engineering knowledge to optimize the trailer loads, resulting in reduced transportation spend for Chrysler. Ryder’s services are supported by an EDI technology that connects Ryder, Chrysler, and the supplier. This system enables Ryder to share information with customs brokers, transportation partners, and the Chrysler assembly plant, improving visibility and ensuring quality, timely delivery. Chrysler is owned by Fiat (FIATY).
September 23, 2014
11:33 EDTNXPIAnalysis shows Apple spends $200-$247 to build iPhone 6s, Re/code says
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09:39 EDTDSWDSW's Q3 revenues tracking below consneus, says ITG Research
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07:47 EDTPANWPalo Alto has multiple drivers converging, says Morgan Stanley
Morgan Stanley said Palo Alto has multiple growth drivers in place that will drive free cash flow that include sustainable 30% billings growth, increasing sales efficiencies, and slowing capex and reduced litigation expenses. Shares are Overweight rated with a $115 price target.
September 19, 2014
10:06 EDTTCBIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
09:19 EDTNXPIOn The Fly: Pre-market Movers
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08:24 EDTTCBITexas Capital upgraded to Strong Buy from Market Perform at Raymond James
Raymond James upgraded Texas Capital as it expects shares to benefit from rising interest rates. Price target is $68.
08:11 EDTNXPITriQuint chip among those in iPhone 6 Plus, iFixit reports
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08:03 EDTNXPIInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
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06:12 EDTTCBITexas Capital upgraded to Buy from Hold at Wunderlich
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September 18, 2014
07:17 EDTAPEIBMO Capital to hold a conference
14th Annual Back to School Education Conference to be held in New York on September 18 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link
September 17, 2014
17:32 EDTFDODollar General remains committed to acquisition of Family Dollar
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08:28 EDTFDOFamily Dollar board rejects Dollar General's 'illusory' tender offer
Family Dollar Stores (FDO) announced that its Board of Directors unanimously recommends that Family Dollar’s shareholders reject the unsolicited conditional tender offer made by Dollar General Corporation (DG) and not tender their shares. In conjunction with its rejection of Dollar General’s offer, Family Dollar’s Board unanimously reaffirms its recommendation in support of the transaction with Dollar Tree (DLTR). The terms of the tender offer are the same as those in the proposal made by Dollar General on September 2, 2014, which the Board of Directors of Family Dollar unanimously rejected on September 5, 2014, on the basis of antitrust regulatory considerations. Howard R. Levine, Chairman and CEO of Family Dollar, said, “Our Board of Directors, with the assistance of outside advisors and consultants, reviewed all aspects of Dollar General’s tender offer and concluded unanimously that this highly conditional Offer is illusory because, as Dollar General is well aware, the Offer cannot close on the terms proposed. Tenders into the Dollar General Offer will be meaningless since there is no way that Dollar General can purchase shares that are tendered.” Levine added, “The terms of the Dollar General Offer are no different from those in its most recent unsolicited proposal, which was previously and unanimously rejected by our Board of Directors based on antitrust regulatory considerations. There is a very real and material risk that the transaction proposed by Dollar General would fail to close, after a lengthy and disruptive review process. Accordingly, our Board has rejected Dollar General’s tender offer and reaffirmed its support of the transaction with Dollar Tree, which delivers attractive value in the form of immediate upfront cash and upside participation in a combined Dollar Tree-Family Dollar entity, as well as closing certainty.” Ed Garden, a Family Dollar director and co-founder and Chief Investment Officer at Trian Fund Management, L.P., a large shareholder of the Company, stated, “We are focused on delivering to Family Dollar shareholders the highest value with certainty, and the Dollar Tree transaction does just that. Dollar Tree has taken the antitrust risk off the table by committing to divest as many stores as necessary to obtain antitrust clearance. We remain fully committed to the Dollar Tree transaction.”
08:27 EDTFDOFamily Dollar board rejects Dollar General's 'illusory' tender offer
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07:28 EDTTCBIStephens to hold a forum
4th Annual Bank CEO Forum to be held in Little Rock, Arkansas on September 17-18.
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