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August 14, 2014
10:05 EDTBID, STNG, PGR, PFSW, NTAP, LUX, LMCA, KMP, JAKK, IFNNY, HP, EPB, DRC, CHL, ATHL, ARUNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded at Stifel... Athlon Energy (ATHL) upgraded to Outperform from Neutral at Credit Suisse... China Mobile (CHL) upgraded to Outperform from Neutral at Credit Suisse... Dresser-Rand (DRC) upgraded to Buy from Neutral at Guggenheim... El Paso Pipeline (EPB) upgraded to Equal Weight from Underweight at Morgan Stanley... Helmerich & Payne (HP) upgraded to Neutral from Underperform at Credit Suisse... Infineon (IFNNY) upgraded to Buy from Neutral at UBS... JAKKS Pacific (JAKK) upgraded to Overweight from Neutral at Piper Jaffray... Kinder Morgan Energy (KMP) upgraded to Equal Weight from Underweight at Morgan Stanley... Liberty Media (LMCA) upgraded to Overweight from Equal-Weight at Evercore... Luxottica (LUX) upgraded to Neutral from Sell at Goldman... NetApp (NTAP) upgraded to Buy from Hold at Needham... PFSweb (PFSW) upgraded at B. Riley... Progressive (PGR) upgraded to Buy from Neutral at Citigroup... Scorpio Tankers (STNG) upgraded to Outperform from Neutral at Credit Suisse... Sotheby's (BID) upgraded to Perform from Underperform at Williams Capital.
News For ARUN;ATHL;CHL;DRC;EPB;HP;IFNNY;JAKK;KMP;LMCA;LUX;NTAP;PFSW;PGR;STNG;BID From The Last 14 Days
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October 15, 2014
07:19 EDTATHLEncana volatility increases as oil trends lower and acquisition of Athlon Energy
EnCana (ECA) overall volatility of 37 is above its 26-week average of 29 according to Track Data, suggesting large price movement after announcing the acquisition of Athlon Energy (ATHL) for $58.50 per share.
07:13 EDTDRCDresser-Rand initiated with a Sell at ISI Group
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07:05 EDTHPHelmerich & Payne initiated with a Buy at ISI Group
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06:32 EDTHPCiti rolls out Oil Services coverage, recommends two pair trades
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06:08 EDTHPHelmerich & Payne initiated with a Neutral at Citigroup
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October 14, 2014
17:09 EDTSTNGScorpio Tankers reports Q3 EPS guidance (1c)-(4c), consensus 3c
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16:53 EDTKMP, EPBTennessee Gas Pipeline closes open season for South System Flexibility Project
Kinder Morgan Energy Partners (KMP) announced that KMP’s Tennessee Gas Pipeline Company, or TGP, successfully closed a binding open season for its South System Flexibility Project for 500,000 dekatherms per day of capacity. MexGas Supply, formerly known as MGI Supply, the natural gas supply arm of Petróleos Mexicanos, has been awarded 100% of the project capacity. Anticipated project capital is $187M, with service beginning as early as Jan. 1, 2015. In addition, TGP initiated a binding open season Oct. 9 for its proposed Lone Star expansion project, which includes an incremental 300,000 Dth/d of firm transportation from Tennessee to South Texas for future infrastructure projects. TGP has secured an unnamed foundation shipper for this project and will announce the results and further details upon the close of the open season, which is scheduled for Oct. 31. The volumes committed are sufficient to justify building the project. The general partner of KMP is owned by Kinder Morgan (KMI). KMI owns the general partner interests of KMP and El Paso Pipeline Partners (EPB), along with limited partner interests in KMP, Kinder Morgan Management (KMR) and EPB.
15:13 EDTKMPKinder Morgan Energy announces $240M investment in expansion terminals
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10:01 EDTATHLOn The Fly: Analyst Downgrade Summary
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10:01 EDTHPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AU Optronics (AUO) upgraded to Neutral from Sell at UBS... Antero Resources (AR) upgraded to Buy from Accumulate at KLR Group... BHP Billiton (BHP) upgraded to Neutral from Underperform at Credit Suisse... Bill Barrett (BBG) upgraded to Buy from Accumulate at KLR Group... BorgWarner (BWA) upgraded to Buy from Neutral at Goldman... CRH Plc. (CRH) upgraded to Buy from Neutral at Citigroup... Comstock Resources (CRK) upgraded to Buy from Accumulate at KLR Group... Cracker Barrel (CBRL) upgraded at Argus... Delphi Automotive (DLPH) upgraded to Buy from Neutral at Goldman... EOG Resources (EOG) upgraded at Bernstein... Eaton (ETN) upgraded to Overweight from Equal Weight at Barclays... Energizer (ENR) upgraded to Outperform from Market Perform at Wells Fargo... Energy Transfer Equity (ETE) upgraded to Outperform at RW Baird... Federal-Mogul (FDML) upgraded to Neutral from Sell at Goldman... Ford (F) upgraded to Neutral from Underperform at Buckingham... Gulfport Energy (GPOR) upgraded to Accumulate from Hold at KLR Group... Halcon Resources (HK) upgraded to Buy from Hold at KLR Group... HeartWare (HTWR) upgraded to Overweight from Neutral at Piper Jaffray... Helmerich & Payne (HP) upgraded to Outperform at FBR Capital... Legg Mason (LM) upgraded to Neutral from Underperform at BofA/Merrill... Level 3 (LVLT) upgraded to Buy from Hold at Gabelli... Magnum Hunter (MHR) upgraded to Buy from Hold at KLR Group... NetScout (NTCT) upgraded at DA Davidson... Netflix (NFLX) upgraded to Buy with $600 target at BTIG... Newfield Exploration (NFX) upgraded to Buy from Hold at KLR Group... Nielsen (NLSN) upgraded at Bernstein... Orbitz (OWW) upgraded to Outperform from Market Perform at FBR Capital... PDC Energy (PDCE) upgraded to Buy from Hold at KLR Group... Rackspace (RAX) upgraded to Buy from Hold at Evercore... Range Resources (RRC) upgraded to Accumulate from Hold at KLR Group... Rex Energy (REXX) upgraded to Buy from Accumulate at KLR Group... SM Energy (SM) upgraded to Buy from Accumulate at KLR Group... Sanchez Energy (SN) upgraded to Buy from Accumulate at KLR Group... Targa Resources (TRGP) upgraded to Buy from Accumulate at Tudor Pickering... Unilife (UNIS) upgraded to Buy from Neutral at Ladenburg... Universal Forest (UFPI) upgraded at Sterne Agee.
08:44 EDTATHLAthlon Energy downgraded to Hold from Buy at KLR Group
KLR Group downgraded Athlon Energy (ATHL) citing the takeover by Encana (ECA).
08:25 EDTHPHelmerich added, Dril-Quip removed from Top Picks at FBR Capital
FBR Capital added Helmerich & Payne (HP) to its Top Picks List while removing Dril-Quip (DRQ). The firm upgraded Helmerich this morning to Outperform and keeps an Outperform rating on Dril-Quip.
08:20 EDTHPHelmerich & Payne upgraded to Outperform at FBR Capital
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05:37 EDTHPHelmerich & Payne upgraded to Outperform from Market Perform at FBR Capital
October 13, 2014
17:53 EDTLUXLuxottica accepts Cavatorta resignation, Del Vecchio to be interim CEO
Luxottica Group announced that the board of directors accepted the resignation of Enrico Cavatorta from the board following disagreements on the current governance structure. Roger Abravanel resigns from the board of directors for the same reasons. The Chairman Leonardo Del Vecchio takes on the executive responsibilities ad interim while the co-CEO of Markets selection process is being finalized, based on a high profile list of candidates. The appointment of Massimo Vian as co-CEO of Operations and Product will take place together with the appointment of the co-CEO of Markets. The board acknowledged the Group performance of the third quarter, which shows a strong free cash flow generation, sales growth in line with the first half of the year at constant exchange rates and an expected increase in net income of approximately 10%. Reference Link
10:08 EDTIFNNYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bankrate (RATE) downgraded to Equal Weight from Overweight at Stephens... CME Group (CME) downgraded to Market Perform from Outperform at Wells Fargo... Cliffs Natural (CLF) downgraded to Neutral from Overweight at JPMorgan... Dana Holding (DAN) downgraded to Sector Perform from Outperform at RBC Capital... Darden (DRI) downgraded to Neutral from Overweight at Piper Jaffray... Dover (DOV) downgraded to Neutral at RW Baird... DryShips (DRYS) downgraded to Underperform from Outperform at Imperial Capital... Infineon (IFNNY) downgraded to Neutral from Overweight at JPMorgan... J.C. Penney (JCP) downgraded to Sell from Neutral at UBS... Johnson Controls (JCI) downgraded to Outperform from Top Pick at RBC Capital... Juniper (JNPR) downgraded to Hold from Buy at Argus... Kennametal (KMT) downgraded to Market Perform from Outperform at Wells Fargo... Masco (MAS) downgraded to Equal Weight from Overweight at Barclays... New Gold (NGD) downgraded to Neutral from Overweight at JPMorgan... ON Semiconductor (ONNN) downgraded to Sector Perform from Outperform at Pacific Crest... PBF Energy (PBF) downgraded to Underweight from Equal Weight at Barclays... Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo... STMicroelectronics (STM) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Sector Perform at Pacific Crest... VOXX International (VOXX) downgraded to Market Perform from Outperform at Cowen.
07:15 EDTHPNational Association of Corporate Directors to hold a conference
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05:30 EDTLUXLuxottica downgraded to Neutral from Buy at Citigroup
05:28 EDTIFNNYInfineon downgraded to Neutral from Overweight at JPMorgan
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October 12, 2014
17:47 EDTLUXLuxottica CEO Enrico Cavatorta intends to submit resignation
Luxottica announces that a meeting of the Board of Directors has been called for tomorrow, Monday 13th October, following the intention expressed by Enrico Cavatorta to submit to the Board his resignation as CEO of the company. The Chairman will propose that the Board appoint Massimo Vian, current COO, with the mandate of co-CEO for Operations and Product, and to entrust him on an interim basis with responsibility for Corporate Functions and Markets. If approved, all business functions and related responsibilities will consequently be under the exclusive responsibility of the two co-CEOs. The company also confirms that the search process for a co-CEO for Markets is progressing, based on a high profile list of candidates. In light of the solid results achieved also in the third quarter, Luxottica is in a position to take the necessary time to execute this search, in order to ensure that the best decision is made for the company. Reference Link
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