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Stock Market & Financial Investment News

News Breaks
September 30, 2013
10:01 EDTSSI, RKT, PNRA, ACHN, WWAV, RP, IP, ARIA, JCP, SYT, JCI, CHRW On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARIAD (ARIA) downgraded to Market Perform from Outperform at BMO Capital... Achillion (ACHN) downgraded to Underperform from Neutral at BofA/Merrill... C.H. Robinson (CHRW) downgraded to Underperform from Sector Perform at RBC Capital... International Paper (IP) downgraded to Neutral from Buy at BofA/Merrill... Johnson Controls (JCI) downgraded to Underweight from Equal Weight at Morgan Stanley... Panera Bread (PNRA) downgraded to Equal Weight from Overweight at Morgan Stanley... RealPage (RP) downgraded to Underperform from Neutral at Credit Suisse... RockTenn (RKT) downgraded to Neutral from Buy at BofA/Merrill... Syngenta (SYT) downgraded to Neutral from Buy at Citigroup... WhiteWave Foods (WWAV) downgraded to Underperform from Market Perform at BMO Capital... Stage Stores (SSI) downgraded to Neutral from Buy at Buckingham... J.C. Penney (JCP) downgraded to Hold from Buy at Maxim.
News For ARIA;ACHN;CHRW;IP;PNRA;JCI;RP;RKT;SYT;WWAV;SSI;JCP From The Last 14 Days
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May 13, 2015
16:09 EDTJCPJ.C. Penney reports Q1 EPS (57c), consensus (77c)
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15:15 EDTJCPJ.C. Penney May 9 straddle priced for 8.2% movement into Q1
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15:04 EDTJCPNotable companies reporting after market close
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12:54 EDTJCPEarnings Watch: J.C. Penney sees Q1 SSS up 3.5%-4.5%
J.C. Penney (JCP) is scheduled to report first quarter earnings after the market close on Wednesday, May 13, with a conference call scheduled for 4:30 pm ET. J.C. Penney operates about 1,100 retail stores and jcp.com. EXPECTATIONS: Analysts are looking for a loss per share of (77c) on revenue of $2.87B, according to First Call. The consensus range for EPS is (96c)-(61c) on revenue of $2.78B-$2.92B. LAST QUARTER: J.C. Penney reported fourth adjusted earnings per share of breakeven against estimates for 11c, on revenue of $3.89B against estimates for $3.87B. Comparable store sales were up 4.4%. The company forecast fiscal year 2015 SSS up 3%-5% and said it expected gross margin to improve 50 to 100 basis points versus 2014 and free cash flow to be flat. On its Q4 earnings conference call, the company said that it expected Q1 sales to be impacted less than 1% due to the West Coast port slowdown. NEWS: On March 17, AdAge said Chief Marketing Officer Debra Berman would leave the company immediately. Later that day, Bloomberg reported that General Cousnel Janet Dhillon would also leave the company, which was confirmed by J.C. Penney on March 20. On April 28, J.C. Penney appointed Mary Beth West as executive vice president and Chief Customer & Marketing Officer, effective June 1. In an April regulatory filing, J.C. Penney said it became aware that a senior company official "inadvertently sent an e-mail communication to a securities analyst that contained non-public information regarding the company’s comparable store sales results for Q1 to date, which are approximately 6%." The company said it expects Q1 SSS up 3.5%-4.5%, which takes into account the shift of Easter into March. The retailer said it would introduce Sephora to 25 additional stores starting on May 1. In April, New York Attorney General Eric Schneiderman sent letters warning J.C. Penney and other retailers that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. STREET RESEARCH: Following the release of J.C. Penney's Q4 results, Deutsche Bank said J.C. Penney remained a "show me story" until liquidity is improved. Craig-Hallum said J.C. Penney's 2015 gross margin outlook supports its view the company's 2017 financial targets are "unattainable." In March, JPMorgan raised its price target for the retailer to $10 from $8 and said management expressed confidence in the company’s ability to reach its 2017 EBITDA target of $1.2B. Baird said J.C. Penney's business is on "more stable footing," but believes meaningful free cash flow growth will be challenging. PRICE ACTION: Over the last three months, J.C. Penney shares are up over 7.45%. In early afternoon trading ahead of Wednesday's Q1 report, J. C. Penney is down 2.5% to $8.66.
07:13 EDTCHRWBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
May 12, 2015
16:01 EDTJCPOptions Update; May 12, 2015
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11:37 EDTJCPStocks with call strike movement; TWTR JCP
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10:01 EDTSYTOn The Fly: Analyst Upgrade Summary
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09:21 EDTSYTSyngenta upgraded to Neutral from Underweight at JPMorgan
07:52 EDTARIALeerink to hold a tour
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07:37 EDTCHRWOppenheimer to hold a conference
10th Annual Industrial Growth Conference is being held in New York on May 12-13 with webcasted company presentations to begin on May 12 at 8:15 am; not all company presentations may be webcasted. Webcast Link
06:11 EDTSYTSyngenta upgraded to Market Perform from Underperform at Bernstein
May 11, 2015
16:00 EDTJCPOptions Update; May 11, 2015
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09:59 EDTSYTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
09:54 EDTWWAVWhiteWave downgraded to In-Line on valuation at Imperial Capital
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09:34 EDTWWAVWhiteWave Foods downgraded to In-Line from Outperform at Imperial Capital
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08:48 EDTPNRAPanera Bread appoints Drew Madsen President effective May 11
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07:55 EDTWWAVWhiteWave Foods price target raised to $55 from $45 at SunTrust
SunTrust increased its price target on WhiteWave after the company delivered beat and raise results. The firm reiterates a Buy rating on the shares.
05:35 EDTSYTSyngenta upgraded to Buy from Neutral at UBS
UBS upgraded Syngenta (STY) to Buy saying Monsanto (MON) is likely to raise its takeover bid for the company. The firm views antirust issues as manageable and believes Monsanto could offer as much as CHF535 per share for Syngenta.
May 10, 2015
17:23 EDTSYTSyngenta does not consider Monsanto deal dead, Reuters says
Monsanto (MON) remains committed to acquiring Syngenta (SYT) despite having its $45B offer rejected, Reuters reported Friday, citing sources close to each company. A source familiar with Syngenta said the firm does not consider the deal dead. Reference Link
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