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News Breaks | | | | June 20, 2012 | | 14:36 EDT |  | APOG, BBBY, CLC, MU, RHT, SONC, SCS | Companies reporting After the Market Close on Wednesday, June 20
Notable companies reporting after the closing bell include Apogee Enterprises (APOG), Bed Bath & Beyond (BBBY), CLARCOR (CLC), Micron Technology (MU), Red Hat (RHT), Sonic (SONC), and Steelcase (SCS). | |
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News For APOG;BBBY;CLC;MU;RHT;SONC;SCS From The Last 14 Days Check below for free stories on APOG;BBBY;CLC;MU;RHT;SONC;SCS the last two weeks. |
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| May 20, 2013 | | 13:32 EDT |  | RHT | Red Hat falls to session lows after downgrade, levels to watch
The shares are down over 4% at time of writing to $52.57, close to the session low at $52.36. At that price, next support is at $51.98. Resistance is at $53.54. BMO Capital earlier downgraded the stock to Market Perform and cut its price target to $54. The firm cited valuation, mixed field checks, and deceleration in most key financial metrics as reasons for the recommendation change and price target reduction. | | | 13:06 EDT |  | RHT | On The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65. | | | 10:11 EDT |  | BBBY | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. | | | 07:31 EDT | | RHT | Red Hat downgraded at BMO Capital
As previously reported, BMO Capital downgraded to Market Perform from Outperform. The firm cites valuation, mixed field checks, and deceleration in most key financial metrics for the downgrade. Price target is $54. | | | 06:42 EDT | | RHT | Red Hat downgraded to Market Perform from Outperform at BMO Capital
 Subscribe for More Information | | | 05:58 EDT | | BBBY | Bed Bath & Beyond downgraded to Hold from Buy at Jefferies
Subscribe for More Information | | | May 17, 2013 | | 06:07 EDT |  | MU | Mobile DRAM revenue fell 5% in Q1, DigiTimes reports
Subscribe for More Information | | | May 16, 2013 | | 08:19 EDT |  | MU | Court decision should hasten Micron takeover of Elpida, says Sterne Agee
Sterne Agee believes that a decision by a Japanese court dismissing appeals from the two unsecured creditors to the Elpida consolidation process should enable Micron to close its Elpida acquisition much more quickly than some had feared. The firm views this development as very positive for Micron and keeps a Buy rating on the stock. | | | 05:32 EDT |  | MU | Micron announces issuance by Tokyo Court of order dismissing creditor appeals
Subscribe for More Information | | | May 15, 2013 | | 17:03 EDT | | RHT | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | | 10:14 EDT |  | RHT | Red Hat calls active on renewed takeover chatter
Red Hat May and June 55 calls are active on total call volume of 5,300 contracts (58 puts). May call option implied volatility is at 41, June is at 34, September is at 30; compared to its 26-week average of 34 according to Track Data. Active call volume suggests traders taking positions for large movement following renewed takeover chatter. | | | 10:06 EDT |  | RHT | Rumor: Red Hat moves up on renewed takeover chatter
Subscribe for More Information | | | May 13, 2013 | | 08:19 EDT | | RHT | Red Hat becoming innovator, says Wells Fargo
Subscribe for More Information | | | 07:29 EDT |  | MU | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. | | | May 10, 2013 | | 10:00 EDT | | MU | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 07:47 EDT | | MU | Micron downgraded at JMP Securities
Subscribe for More Information | | | 07:03 EDT | | MU | Micron downgraded to Market Perform from Outperform at JMP Securities
Subscribe for More Information | | | May 9, 2013 | | 06:10 EDT | | MU | DRAM shortages expected to impact PC players in Q2, DigiTimes says
Subscribe for More Information | | | May 8, 2013 | | 10:00 EDT | | BBBY | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 07:44 EDT | | BBBY | BofA/Merrill's retail analysts hold an analyst/industry conference call
Specialty Retail Analyst Hutchinson provides an update on April monthly sales, earnings and industry trends on an Analyst/Industry conference call. Relevant covered companies BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, FDO, FL, GPS, KR, KSS, LOW, M, NDN, PLCE, SKS, SWY, TGT, TJX, WMT and ZLC may be included on the Analyst/Industry conference call to be held on May 9 at 1 pm. | | |
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