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Stock Market & Financial Investment News

News Breaks
June 23, 2014
10:02 EDTREPYY, EXPR, BURL, BCS, SQNM, HSNI, DAR, BBRY, ASH, RHP, FCN, DISH, BCRX, WHZOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ashland (ASH) upgraded at KeyBanc... Barclays (BCS) upgraded at Canaccord... BioCryst (BCRX) upgraded to Outperform from Market Perform at Wells Fargo... BlackBerry (BBRY) upgraded at Evercore... Burlington Stores (BURL) upgraded to Buy from Neutral at Goldman... DISH (DISH) upgraded to Buy from Neutral at Citigroup... Darling (DAR) upgraded to Conviction Buy from Buy at Goldman... Express (EXPR) upgraded to Buy from Neutral at Janney Capital... FTI Consulting (FCN) upgraded to Outperform from Neutral at Macquarie... HSN, Inc. (HSNI) upgraded at Topeka... Nokia (NOK) upgraded to Market Perform from Underperform at Raymond James... Pearson (PSO) upgraded to Equal Weight from Underweight at Morgan Stanley... Repsol (REPYY) upgraded to Buy from Hold at Santander... Ryman Hospitality (RHP) upgraded to Buy from Hold at Deutsche Bank... Sequenom (SQNM) upgraded to Outperform from Market Perform at William Blair... Whiting USA Trust II (WHZ) upgraded to Outperform at Raymond James.
News For ASH;BCS;BCRX;BBRY;BURL;DISH;DAR;EXPR;FCN;HSNI;REPYY;RHP;SQNM;WHZ From The Last 14 Days
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November 19, 2014
13:06 EDTDISHDeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
12:18 EDTBBRYBlackBerry sinks after Morgan Stanley cuts to Underweight
Shares of BlackBerry (BBRY) are sinking after Morgan Stanley downgraded the stock to Underweight, saying that the market had become too optimistic about the outlook for the company's software and messaging platform. WHAT'S NEW: BlackBerry's valuation indicates that the market expects the company's software revenue and messaging revenue to increase by $250M and $100M, respectively, in fiscal 2016, Morgan Stanley analyst James Faucette wrote in a note to investors before the market opened today. These expectations are consistent with the targets set by the device maker's CEO, John Chen, Faucette stated. But the outlook "seems excessive," as they imply that BlackBerry will retain all of its enterprise subscribers, and convince them to pay the company three times more money than now, the analyst stated. BlackBerry will not "gain relevancy in the enterprise mobile management software market and will continue to lose enterprise subscribers," Faucette believes. He downgraded the stock to Underweight from Equal Weight and set a $7 price target on the shares. WHAT'S NOTABLE: In September, BlackBerry reported that it had issued 3.4M licenses for its BES10 mobile device management system during its September quarter representing a nearly threefold increase over the previous quarter. The company stated that BlackBerry Messenger had 91M users, up from 85M users the previous quarter. In a note to investors on November 14, JPMorgan raised its price target on the stock to $13 from $10. The company's product announcements on November 13 increased the chances that its software strategy will work, according to the firm. JPMorgan added, however, that BlackBerry still had a long road back to health, and kept a Neutral rating on the shares. PRICE ACTION: In late morning trading, BlackBerry slid 5% to $10.20.
10:00 EDTBBRYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Beacon Roofing (BECN) downgraded to Hold from Buy at KeyBanc... BlackBerry (BBRY) downgraded to Underweight from Equal Weight at Morgan Stanley... Consolidated Edison (ED) downgraded to Sell from Neutral at UBS... Denbury Resources (DNR) downgraded to Hold from Buy at Wunderlich... Synchronoss (SNCR) downgraded to Underperform from Neutral at RW Baird... Total System (TSS) downgraded to Sell from Neutral at Goldman... Movado (MOV) downgraded to Market Perform from Outperform at Barrington... Transocean Partners (RIGP) downgraded to Market Perform from Outperform at Wells Fargo... Seadrill Partners (SDLP) downgraded to Market Perform from Outperform at Wells Fargo... Petrobras (PBR) downgraded to Neutral from Buy at UBS.
09:16 EDTBBRYOn The Fly: Pre-market Movers
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07:57 EDTBBRYBlackBerry downgraded at Morgan Stanley
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07:37 EDTBCSCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
07:19 EDTDISHSpectrum auction positive for DISH, Globalstar, says JPMorgan
JPMorgan notes the AWS-3 spectrum auction continued on Tuesday with the aggregate value of licenses with bids at $16.4B, up from Monday's $8.9B and compared to the reserve price of $10.6B that the FCC set for the entire auction. The firm views the rise in prices as negative for telecom carriers that are spending more than expected, namely AT&T (T) and Verizon (VZ), and possibly T-Mobile (TMUS) and US Cellular. It views the prices as positive for independent spectrum owners like DISH (DISH) and Globalstar (GSAT), as well as tower companies American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI).
06:13 EDTBBRYBlackBerry downgraded to Underweight from Equal Weight at Morgan Stanley
November 18, 2014
06:34 EDTBCSDraghi sees positive signs in euro zone, NY Times reports
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05:30 EDTREPYYRepsol upgraded to Overweight from Equal Weight at Barclays
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05:30 EDTREPYYRepsol upgraded to Neutral from Underweight at JPMorgan
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November 17, 2014
20:06 EDTASHAshland management to meet with Global Hunter
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11:39 EDTREPYYRepsol upgraded to Neutral from Underweight at JPMorgan
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08:44 EDTBCRXNebraska Medical announces death of third Ebola patient
The Nebraska Medical Center said via Twitter, "We are sorry to announce that the 3rd Ebola patient, Dr. Martin Salia, has passed away as a result of the advanced symptoms of the disease." Drug companies that are working on experimental Ebola vaccines or treatments include Peregrine (PPHM), Tekmira (TKMR), Sarepta (SRPT), BioCryst (BCRX), Chimerix (CMRX) and NewLink Genetics (NLNK). Some companies that offer protective clothing and waste disposal include Lakeland Industries (LAKE), Alpha Pro Tech (APT) and Sharps Compliance (SMED).
07:12 EDTBCSBloomberg / Mayer Brown to co-host a conference
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November 14, 2014
16:26 EDTBBRYNasdaq clear leader as major averages end week higher
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12:53 EDTASHOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
08:09 EDTASHAshland names Carpenter Technology CEO William Wulfsohn as CEO, chairman
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07:20 EDTBBRYBlackBerry price target raised to $13 from $10 at JPMorgan
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07:19 EDTBBRYBlackBerry new partnerships positive, but still early days, says RBC Capital
RBC Capital believes that BlackBerry has recruited good partners and distributors, but the firm thinks it's still unclear whether BES 12 can gain share from other Enterprise Mobility Management systems. RBC Capital keeps a $12 price target and Sector Perform rating on BlackBerry.
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