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Stock Market & Financial Investment News

News Breaks
March 22, 2013
10:04 EDTSPRD, PROV, MPR, FDO, ADTN, NXPI, R, IRG, APEI, MSG, PANW, TCBI, DSWOn 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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December 16, 2014
09:31 EDTTCBITexas Capital price target lowered to $61 from $68 at SunTrust
SunTrust cut tis price target on Texas Capital to reflect lower valuations for Texas banks. The firm keeps a Buy rating on the shares.
09:18 EDTFDODollar General likely to win Family Dollar takeover war, says Sterne Agee
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07:41 EDTNXPISome semconductor names to benefit from LTE, auto strength, says Oppenheimer
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07:09 EDTFDODollar General price target raised to $86 from $73 at Deutsche Bank
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December 15, 2014
06:10 EDTFDOFamily Dollar 'likely' to postpone investor vote on Dollar Tree deal, NYP says
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December 12, 2014
09:49 EDTTCBITexas Capital BancShares participates in a conference call with SunTrust
SunTrust hosts a conference call with management on December 12 at 2 pm.
December 11, 2014
16:59 EDTFDOElliott Associates reports 6.8% stake in Family Dollar
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12:02 EDTPANWPalo Alto to host special shareholder meeting
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10:51 EDTPANWPalo Alto management to meet with Piper Jaffray
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December 10, 2014
10:33 EDTDSWDSW management to meet with MKM Partners
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08:16 EDTPANWBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:12 EDTPANWIT security outlook remains positive, says Pacific Crest
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06:16 EDTFDODollar General initiated with a Buy at Citigroup
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December 9, 2014
10:23 EDTNXPIOn The Fly: Analyst Initiation Summary
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08:52 EDTNXPINXP Semiconductors price target raised to $80 from $75 at Morgan Stanley
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December 8, 2014
16:06 EDTNXPINXP Semiconductors initiated with an Outperform at Oppenheimer
Target $100.
December 5, 2014
12:03 EDTFDOFive Below plummets after Q4, FY14 outlooks trail analysts' estimates
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10:03 EDTFDOFamily Dollar sees Dollar General needing to divest over 3.4K stores, CNBC says
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09:19 EDTFDODollar General says remains committed to purchase of Family Dollar
Dollar General Corporation (DG) issued the following statement in response to comments made by Dollar Tree (DLTR) regarding its view of potential store divestitures that may be required by the FTC in either a Dollar Tree/Family Dollar Stores (FDO) or a Dollar General/Family Dollar combination. Dollar General’s documents and data tell a very different story from that contained in the press release issued today by Dollar Tree. As Dollar General previously has stated, Walmart (WMT), not Family Dollar, is the primary driver regarding Dollar General’s strategic pricing decisions, and more than 90% of Dollar General’s SKUs are nationally priced. Dollar General is confident that its approach to strategic and pricing decisions is both correct and superior to that of Family Dollar and Dollar General has no intention of adopting a flawed strategy -- either now or after an acquisition of Family Dollar -- that it believes would impair its ability to compete with Walmart and lead to inferior financial performance. Dollar General is actively engaged in discussions with the FTC regarding the extent of potential divestitures that would be required in connection with an acquisition of Family Dollar and has been making good progress. Over the past few weeks, Dollar General has provided the FTC with tens of thousands of documents supporting the above facts and its broad view of competition. There is no reason to believe that the FTC would take into account only Family Dollar’s documents and data or afford them greater significance than Dollar General's own evidence. As stated in Dollar General's press release of December 4, Dollar General will continue to work with the FTC and expects to provide an update in sufficient time to allow Family Dollar shareholders to review such information prior to the Family Dollar shareholders’ meeting now scheduled for December 23.
06:09 EDTFDODollar Tree provides update on FTC review of pending acquisition of Family Dolla
Dollar Tree (DLTR) announced that it was providing an update regarding the status of the FTC's review of its pending acquisition of Family Dollar (FDO). Dollar Tree and Family Dollar have been actively engaging with the staff of the FTC as they review the pending merger. The company said, "The staff of the FTC is very focused on the discount retail sector (including how Family Dollar’s current pricing rules would impact store prices in a merger transaction) and has indicated that some divestitures will be required for the Pending Merger, which we believe will be no more than our original commitment in the July 27, 2014, Merger Agreement. Dollar Tree will work diligently with the FTC staff over the next few weeks concerning divestitures. Given the relatively small number of divestitures our transaction implicates, Dollar Tree does not expect any such divestiture to have a material impact on its plans for the combined organization. Furthermore, we believe that we will be in a position to complete the financing for the Pending Merger in January 2015 and to complete the Pending Merger as early as February 2015... In connection with its unsolicited tender offer for Family Dollar, Dollar General (DG) continues to refuse to agree to a “hell-or-high-water” commitment. Based on the foregoing concerns regarding the Pending Merger, Dollar Tree believes that the FTC may require divestitures far in excess of the 1,500 stores that Dollar General has offered to divest in its tender offer for Family Dollar... The special meeting of Family Dollar shareholders to vote on the Pending Merger is currently scheduled for December 23, 2014. To facilitate the FTC’s continued review, and in light of the practicalities associated with the transaction, Dollar Tree and Family Dollar have agreed not to close the Pending Merger until January 30, 2015, unless the FTC completes its review of the Pending Merger and terminates the waiting period at an earlier date. Dollar Tree will continue to provide additional information as the special meeting date approaches."
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