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Stock Market & Financial Investment News

News Breaks
November 6, 2012
10:02 EDTTDC, SREV, SKM, KBW, HME, ESRX, ENR, BMRN, AT, ASEIOn 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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October 21, 2014
11:01 EDTTDCAsyadi announces strategic alliance with Teradata
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09:48 EDTBMRNShire could target BioMarin, TheStreet's Feuerstein says
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08:09 EDTATAtlantic Power says offered to share information on sale process with Clinton
On October 16, Clinton Group delivered a letter to the board urging the Company to reinstate the strategic review process based upon Clinton Group's belief that the strategic review process yielded offers for the Company at or above $4.00 per share and a transaction may still be consummated at a price above $4.00 per share. Clinton Group's speculation about the Company's sale or merger process is not consistent with the actual results of that process. The Company is committed to having an open and constructive dialogue with its security holders, and regularly communicates with significant stakeholders either proactively or in response to enquiries. Consistent with that approach, on October 17, the Company spoke with representatives of Clinton Group. The Company offered to share certain information from the sale process, provided that Clinton Group agreed to be bound by confidentiality obligations with respect to such information. Clinton Group declined the Company's request to be bound by confidentiality obligations.In light of the letter and enquiries from investors, the Company wishes to provide the following additional detail to all shareholders concerning the process. The Company did not receive any offers that the Company's Board of Directors believed could be consummated at or above the closing share price of $3.04 on May 1, 2014, being the day prior to press rumors concerning a possible sale or merger of the Company. As such, the Company's Board of Directors reaffirms that, at the present time, the interests of the Company and its stakeholders are best served by continuing to operate as an independent company and executing the Company's business plan, including the objectives of enhancing the value of its existing assets through optimization investments and commercial activities, delevering its balance sheet to improve both its cost of capital and ability to compete for new investments, and utilizing the Company's core competencies to create proprietary investment opportunities. In addition, the Company will continue to assess other potential options, including asset sales or the contribution of assets to a joint venture in order to raise additional capital for growth and/or debt reduction.
October 20, 2014
07:10 EDTBMRNAmerican Society of Human Genetics to hold annual meeting
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October 17, 2014
10:00 EDTATOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
07:32 EDTATAtlantic Power upgraded to Market Perform from Underperform at BMO Capital
As previously reported, BMO Capital upgraded Atlantic Power to Market Perform from Underperform. The firm upgraded shares based on valuation and activist shareholder, Clinton Group, efforts to re-initiate the sales process. Price target raised to $3 from $2.25.
06:57 EDTATAtlantic Power upgraded to Outperform from Market Perform at BMO Capital
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October 16, 2014
18:36 EDTATOn The Fly: After Hours Movers
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17:37 EDTATClinton group urges Atlantic Power to restart sale process, Reuters reports
Activist investor Clinton Group is getting ready to urge Atlantic Power to renew a sale process that it abandoned last month, Reuters reports, citing a draft letter to the company's board of directors. Reference Link
15:53 EDTATClinton group urges Atlantic Power to restart sale process, Reuters reports
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October 15, 2014
15:15 EDTASEIASEI holder Willner says company should hire banking firm to explore options
Willner Capital, who together with its affiliates, is one of the largest stockholders of American Science and Engineering, ASEI, announced its extreme disappointment with the failure of the Board of Directors of ASEI to respond to its letter delivered to Denis R. Brown, Chairman of the Board, on September 26. In the September 26th Letter, the full text of which is included below, Willner Capital outlined its serious concerns with the company's abysmal stock price and operating performance and poor corporate governance practices under the stewardship of the current Board and management, including the company's ineffective use of excess cash. Willner Capital also identified opportunities to unlock significant value at ASEI in the September 26th Letter, including a spin-off of the company's newly released MINI Z technology. Willner Capital's concerns were further heightened in light of the company's recent announcement on September 30, that it anticipates a net loss in the second quarter of fiscal year 2015 and a work force reduction of approximately 10%. Michael Willner, President of Willner Capital, stated, "I am extremely disappointed with the Board's failure to respond to our serious concerns outlined in the September 26th Letter, particularly in light of the company's anticipated net loss for Q2 FY15'. In fact, over the past year, we have privately reached out to Charles P. Dougherty, the company's CEO, and most recently, Mr. Brown, to discuss our serious concerns. Unfortunately, our concerns have fallen, and continue to fall, on deaf ears. This merely confirms the company's extremely poor investor relations and stockholder communications policies, which we believe contributes to ASEI's stock price underperformance. The company's announced anticipated loss for Q2 FY15' only heightens our concerns regarding the direction of ASEI. We believe the Board should hire an investment banking firm to explore all strategic opportunities to maximize value for the benefit of all ASEI stockholders, including a sale or merger of the company."
15:11 EDTASEIASEI holder Willner says company should hire banking firm to explore options
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October 14, 2014
10:01 EDTENROn 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.
05:40 EDTENREnergizer upgraded to Outperform from Market Perform at Wells Fargo
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October 13, 2014
07:39 EDTESRXPharmaceutical Care Management Association to hold annual meeting
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October 9, 2014
09:05 EDTTDCTeradata and Cloudera extend partnership for technology integration, development
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