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Stock Market & Financial Investment News

News Breaks
August 15, 2014
07:26 EDTKKR, APOApollo, KKR downgraded to Market Perform at Wells Fargo
Wells Fargo downgraded both Apollo Global (APO) and KKR (KKR) to Market Perform from Outperform saying it sees "considerable downside risk" to earnings as incentives go away. Wells believes business conditions have been near ideal for private equity firms over the last five years, and it expects some reversion to the mean going forward as the latter stages of the credit cycle approaches, reducing incentives and distributions. Wells lowered its price target range for Apollo to $21-$25 from $27-$30 and for KKR to $22-$25 from $27-$30.
News For APO;KKR From The Last 14 Days
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December 18, 2014
06:59 EDTKKRKKR acquisition of Samson is 'cautionary tale' of shale boom, WSJ says
KKR's acquisition of Samson Investment is in negative territory, driven by falling oil prices, and offers a "cautionary tale" of the U.S. shale market boom, reports the Wall Street Journal. Reference Link
December 17, 2014
09:40 EDTAPO21st Century Fox, Apollo Global complete joint venture transaction
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06:20 EDTAPOLeighton, certain Apollo funds to form 50:50 services investment partnership
Leighton Holdings announced it had entered a binding agreement with funds managed by affiliates of Apollo Global Management, LLC to form a 50:50 investment partnership comprising the merged operations and maintenance services businesses of: Thiess Services which includes: Communications, Energy Solutions, Asset and Infrastructure Services, and Environmental Services; and Leighton Contractors Services which includes: Visionstream and Infrastructure Services. The details of the transaction are: A price which represents an enterprise value for 100% of the assets of A$1.075B, subject to certain adjustments; Approximately A$700M in cash proceeds which will reduce Leighton Holdings’ gearing by around 10 percentage points. The partnership is subject to customary regulatory approvals including Foreign Investment Review Board and New Zealand Overseas Investment Office approval.
December 16, 2014
09:59 EDTAPOOn The Fly: Analyst Upgrade Summary
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06:18 EDTAPOApollo Global upgraded to Buy from Neutral at Citigroup
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December 15, 2014
10:00 EDTAPOOn The Fly: Analyst Initiation Summary
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08:22 EDTKKRKKR initiated with an Overweight at Morgan Stanley
Target $29.
08:22 EDTAPOApollo Global initiated with an Underweight at Morgan Stanley
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December 14, 2014
15:23 EDTAPOApollo close to $8B leveraged buyout of PetSmart, Bloomberg says
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December 12, 2014
12:10 EDTKKRAdobe hits 52-week high after results beat estimates
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08:09 EDTKKR, APOBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
December 11, 2014
18:07 EDTKKRKKR, United Water sign utility partnership with Borough of Middletown, PA
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16:44 EDTKKRKKR to sell Fotolia to Adobe for $800M
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December 8, 2014
11:58 EDTAPOApollo Global to host investor day
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