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Stock Market & Financial Investment News

News Breaks
September 10, 2012
10:26 EDTPDH, EFC, TWO, HCLP, CYTR, SEE, FNSR, ATR, APKT, BMSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acme Packet (APKT) initiated with a Sector Perform at RBC Capital... AptarGroup (ATR) initiated with a Neutral at JPMorgan... Bemis (BMS) initiated with a Neutral at JPMorgan... CytRx (CYTR) initiated with an Outperform at Rodman & Renshaw... Ellington Financial (EFC) initiated with a Buy at BofA/Merrill... Finisar (FNSR) initiated with a Sector Perform at RBC Capital... Hi-Crush Partners (HCLP) initiated with a Buy at UBS... Hi-Crush Partners initiated with an Outperform at Credit Suisse... PetroLogistics (PDH) initiated with a Buy at Dahlman Rose... Sealed Air (SEE) initiated with an Overweight at JPMorgan... Two Harbors (TWO) initiated with a Buy at BofA/Merrill.
News For APKT;ATR;BMS;CYTR;EFC;FNSR;HCLP;PDH;SEE;TWO From The Last 14 Days
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July 30, 2015
10:00 EDTHCLPOn The Fly: Analyst Upgrade Summary
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09:06 EDTHCLPHi-Crush Partners upgraded to Outperform at Baird
As reported previously, Baird upgraded Hi-Crush Partners to Outperform from Neutral, citing the potential for sector consolidation, with the company's general partner a possible target. Baird raised its price target to $25 from $21 on Hi-Crush Partners shares.
07:23 EDTSEESealed Air raises FY15 adjusted EPS view to $2.24-$2.28 from $2.11-$2.18
Consensus $2.18. Sees FY15 net sales of approximately $7.1B, consensus $7.15B. Raises FY15 adjusted EBITDA view to $1.16B-$1.17B from $1.14B-$1.16B.
07:21 EDTSEESealed Air reports Q2 adjusted EPS 60c, consensus 53c
Reports Q2 revenue $1.8B, consensus $1.76B.
07:19 EDTHCLPHi-Crush Partners upgraded to Outperform from Neutral at Baird
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July 28, 2015
17:03 EDTATRAptarGroup sees Q3 EPS 77c-82c, consensus 71c
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17:01 EDTATRAptarGroup reports Q2 EPS 90c, consensus 75c
Reports Q2 revenue $594.28M, consensus $601.26M.
July 23, 2015
07:13 EDTBMSBemis narrows FY15 adjusted EPS view to $2.52-$2.62 from $2.52-$2.67
Consensus is $2.59. Commenting on the remainder of the year, the company stated, “Our updated EPS guidance reflects the impact of currency translation, partially offset by the benefits of cost discipline. We continue to execute our innovation pipeline to grow our business with the right mix of products. We have improved the timing of our capital projects that will support productivity improvements and future growth; I am confident in the results these investments will bring. We are keenly focused on continuing to deliver progress toward our long term margin targets.” Management is raising its capital expenditures outlook for 2015 to be in the range of $200 million to $215M, an increase from its previous outlook of $185M-$200M. This increase reflects the improved timing of executing planned projects to support growth and operational efficiency. Management expects an effective income tax rate for the full year 2015 of slightly less than 34%.
07:11 EDTBMSBemis reports Q2 EPS 67c, consensus 68c
Reports Q2 revenue $1.03B, consensus $1.05B.
July 22, 2015
10:10 EDTCYTRHigh option volume stocks
High option volume stocks: HNT THOR QRVO CYTR CBRL MAS CHKP TUP NXPI VEDL
09:09 EDTHCLPHi-Crush Partners weakness could be excellent buying opportunity, says Cowen
Cowen noted Hi Crush Partners cut its Q2 cash distribution guidance, implying a $10 yield for the remainder of 2015. The firm feels any industry stabilization and recovery could make the stock's current valuation an excellent buying opportunity. Cowen maintained its Outperform rating and $36 price target on Hi-Crush shares.
09:09 EDTHCLPHi-Crush Partners sees capital expenditures of $10M-$15M in rest of 2015
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09:07 EDTHCLPHi-Crush Partners cuts distribution to 47.5c from 67.5c per unit
Hi-Crush Partners announced last night that the board of its general partner has declared a cash distribution of 47.5c per unit on all common and subordinated units. Hi-Crush paid distributions of $2.40 per unit on all common and subordinated units for 2014 and $0.675 per unit for the first quarter 2015. The distribution will be paid on August 14 to all common and subordinated unit holders of record on August 5. "Market conditions resulting from reduced industry sand demand and pricing worsened this quarter with further price reductions and even lower demand. Our management team, along with the Board of Directors, determined that a reduction to the quarterly cash distribution was prudent as we do not expect a rebound in sand demand or pricing until 2016. We are expecting the remainder of 2015 to be challenging with continued uncertainty in the level of well completion activity, which is a key driver of sand demand. We expect to maintain the distribution at this level for the remainder of 2015," said Laura Fulton, CFO.
July 21, 2015
17:01 EDTBMSBemis to acquire Brazilian manufacturer Emplal Participações
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10:14 EDTCYTRHigh option volume stocks:
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09:21 EDTCYTROn The Fly: Pre-market Movers
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08:47 EDTCYTRCytRx 9.1M share Spot Secondary priced at $2.75
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July 20, 2015
19:02 EDTCYTROn The Fly: After Hours Movers
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16:02 EDTCYTRCytRx files to sell common stock, no amount given
Jefferies LLC is the sole book-running manager for the offering.

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