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Stock Market & Financial Investment News

News Breaks
November 6, 2012
10:02 EDTTDC, SREV, SKM, ESRX, AT, KBW, ENR, ASEI, HME, BMRNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Science & Engineering (ASEI) downgraded to Hold from Buy at Benchmark Co.... Atlantic Power (AT) downgraded to Hold from Buy at Desjardins... BioMarin (BMRN) downgraded to Hold from Buy at Brean Capital... Energizer (ENR) downgraded to Market Perform from Outperform at Bernstein... Express Scripts (ESRX) downgraded to Hold from Buy at Jefferies... Home Properties (HME) downgraded to Underperform from Sector Perform at RBC Capital... KBW, Inc. (KBW) downgraded to Market Perform from Outperform at JMP Securities... SK Telecom (SKM) downgraded to Neutral from Outperform at Credit Suisse... ServiceSource (SREV) downgraded to Equal Weight from Overweight at Morgan Stanley... Teradata (TDC) downgraded to Sector Perform from Outperform at FBN Securities.
News For ASEI;AT;BMRN;ENR;ESRX;HME;KBW;SKM;SREV;TDC From The Last 14 Days
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April 17, 2015
10:14 EDTBMRNOptions with decreasing implied volatility
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10:00 EDTTDCOn The Fly: Analyst Initiation Summary
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06:06 EDTTDCTeradata initiated with a Neutral at DA Davidson
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April 15, 2015
11:51 EDTESRXExpress Scripts down 2% as Walgreens speaks at analyst day
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April 9, 2015
14:15 EDTESRXExpress Scripts calls active on elevated volatility on sharp rally
Express Scripts April weekly 87 and April 90 calls are active on total call volume of 20K (2K puts). April weekly call option implied volatility is at 38, April is at 26, May is at 30, June is at 25; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement.
10:48 EDTBMRNDeutsche compares PTC Therapeutics to Vertex, boosts target by $40
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10:00 EDTHMEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Adobe (ADBE) initiated with an Overweight at Stephens... Aimco (AIV) initiated with a Neutral at Janney Capital... Akamai (AKAM) initiated with a Hold at Deutsche Bank... Anadarko (APC) initiated with an Outperform at BMO Capital... Apache (APA) initiated with a Market Perform at BMO Capital... Arista Networks (ANET) initiated with a Neutral at Wedbush... AvalonBay (AVB) initiated with a Neutral at Janney Capital... BioScrip (BIOS) initiated with a Buy at Craig-Hallum... Brinker (EAT) initiated with a Buy at Longbow... Broadcom (BRCM) initiated with a Buy at Ladenburg... Camden Property (CPT) initiated with a Neutral at Janney Capital... Canadian National (CNI) initiated with an Overweight at Atlantic Equities... Canadian Pacific (CP) initiated with an Overweight at Atlantic Equities... Cancer Genetics (CGIX) initiated with a Buy at Janney Capital... Denny's (DENN) initiated with a Buy at Longbow... Equity Residential (EQR) initiated with a Neutral at Janney Capital... Essex Property Trust (ESS) initiated with a Neutral at Janney Capital... Fifth Third (FITB) initiated with a Buy at Evercore ISI... Garrison Capital (GARS) initiated with a Buy at Maxim... GrubHub (GRUB) initiated with a Hold at Wunderlich... Hess Corp. (HES) initiated with a Market Perform at BMO Capital... Home Properties (HME) initiated with a Buy at Janney Capital... Huntington Bancshares (HBAN) initiated with a Buy at Evercore ISI... Intersect ENT (XENT) initiated with a Buy at CRT Capital... Jack in the Box (JACK) initiated with a Neutral at Longbow... KeyCorp (KEY) initiated with a Hold at Evercore ISI... LogMeln (LOGM) initiated with a Neutral at JPMorgan... Marathon Oil (MRO) initiated with a Market Perform at BMO Capital... Marvell (MRVL) initiated with an Outperform at Cowen... Masonite (DOOR) initiated with an Outperform at Macquarie... Mid-America Apartment (MAA) initiated with a Buy at Janney Capital... Natures Sunshine Products (NATR) initiated with an In-Line at Imperial Capital... Nielsen (NLSN) initiated with an Outperform at Telsey Advisory... Plug Power (PLUG) initiated with an Equal Weight at Morgan Stanley... Post Properties (PPS) initiated with a Neutral at Janney Capital... QTS Realty Trust (QTS) initiated with a Buy at Evercore ISI... Rentrak (RENT) initiated with an Outperform at Telsey Advisory... RiceBran (RIBT) initiated with a Buy at Maxim... StarTek (SRT) initiated with a Buy at Lake Street... Tribune Media (TRCO) initiated with an Outperform at Wells Fargo... TrueCar (TRUE) initiated with a Hold at Wunderlich... UDR, Inc. (UDR) initiated with a Neutral at Janney Capital... comScore (SCOR) initiated with a Market Perform at Telsey Advisory.
08:02 EDTATAtlantic Power announces relocation, updates cost reduction efforts
Atlantic Power announced the relocation of its headquarters from the Financial District in Boston to Dedham, Massachusetts as part of its ongoing efforts to reduce corporate and other overhead costs. The relocation will occur later this month. The company also provided the following update on its cost reduction efforts: The relocation to Dedham will result in a reduction in annual rental expense for its headquarters of nearly 50%. The company is in the process of closing its offices in Seattle, Portland and outside of Chicago. In addition, the company will be reducing the size of its Toronto office. Including staff associated with its wind assets, which are being sold, the corporate staff will be reduced by 25% this year and by more than 50% from 2013. The company now expects that total corporate general and administrative expense of $38M in 2015 will be reduced to $28M in 2016 as a result of these and other cost reduction efforts. This represents an expected cumulative reduction of approximately 48% from 2013.
07:14 EDTHMEHome Properties initiated with a Buy at Janney Capital
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April 7, 2015
10:47 EDTTDCCitrix could be targeted after Informatica deal, says Stifel
Stifel views Citrix (CTXS) as an "interesting name" for the rest of the year and thinks activist investors could get involved if the company's turnaround does not progress quickly enough. The firm calculates that, using a similar take out multiple to what is being paid for peer Informatica (INFA), equates to a $110 price for Citrix. The firm also believes Teradata (TDC) could be viewed as a potential takeout candidate after the deal for Informatica, noting that a takeout premium in line with Informatica’s would yield a price of about $55 per share for Teradata. Stifel has a Buy rating on Citrix and Hold rating on Teradata.
10:43 EDTTDCInformatica rises after agreeing to be taken private for $48.75 per share
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10:05 EDTHMEOn The Fly: Analyst Downgrade Summary
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08:03 EDTHMEHome Properties downgraded to Hold from Buy at Miller Tabak
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April 6, 2015
16:31 EDTSREVServiceSource announces Robert Pinkerton named CFO
ServiceSource (SREV) announced that it has named Robert Pinkerton as the company’s CFO, effective April 6. Most recently he was SVP of Corporate Development for TeleTech Holdings (TTEC).
08:53 EDTBMRNSarepta risk/reward attractive, says Roth Capital
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07:57 EDTESRXLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte discusses the leverage Anthem likely has in its Pharmacy Benefit Manager (PBM) contract with Express Scripts and how it changes after the Catamaran-Optum Rx deal, the synergy potential for the deal between Catamaran and Optum Rx and the likelihood of Cigna-HS remaining with the newly merged Optum Rx-CTRX on an Analyst/Industry conference call to be held on April 6 at 2 pm.

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