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Stock Market & Financial Investment News

News Breaks
March 10, 2014
10:01 EDTCTG, TMHC, MTH, DTEGY, BWLD, SPLS, KBH, ATHN, GIS, DRI, O, DFTOn The Fly: Analyst Downgrade Summary
athenahealth (ATHN) downgraded to Underperform from Perform at Oppenheimer... Deutsche Telekom (DTEGY) downgraded to Hold from Buy at Jefferies... DuPont Fabros (DFT) downgraded to Hold from Buy at Jefferies... KB Home (KBH) downgraded to Underperform from Buy at BofA/Merrill... Meritage Homes (MTH) downgraded to Underperform from Neutral at BofA/Merrill... Realty Income (O) downgraded to Neutral from Buy at BofA/Merrill... Staples (SPLS) downgraded to Hold from Buy at BB&T... Taylor Morrison (TMHC) downgraded to Neutral from Buy at Citigroup... D.R. Horton (DRI) downgraded to Neutral from Buy at Citigroup... Buffalo Wild Wings (BWLD) downgraded to Hold from Buy at Miller Tabak... Computer Task Group (CTG) downgraded to Neutral from Buy at Sidoti... General Mills (GIS) downgraded to Underperform from Outperform at CLSA.
News For ATHN;DTEGY;DFT;KBH;MTH;O;SPLS;TMHC;DRI;BWLD;CTG;GIS From The Last 14 Days
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January 29, 2015
08:07 EDTMTHMeritage Homes reports Q4 EPS $1.19, consensus $1.03
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07:56 EDTGISGeneral Mills downgraded at BMO Capital
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07:55 EDTATHNathenahealth price target raised to $165 from $150 at Leerink
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06:05 EDTGISGeneral Mills downgraded to Market Perform from Outperform at BMO Capital
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January 28, 2015
10:03 EDTBWLDBuffalo Wild Wings upgraded to Positive from Mixed at OTR Global (pre-open)
09:04 EDTBWLDBuffalo Wild Wings opens first restaurant in Philippines
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January 26, 2015
06:17 EDTATHNathenahealth volatility elevated into Q4 and outlook
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January 21, 2015
08:20 EDTDTEGYBT, Deutsche Telekom said to be in talks on partnerships, Reuters reports
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January 20, 2015
18:26 EDTORealty Income raises dividend 3% to 18.9c per share
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13:09 EDTSPLSSources: Staples to spurn Starboard's call to merge with Office Depot, FT says
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10:47 EDTSPLSStaples says will consider 'all actions' that would create shareholder value
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10:23 EDTSPLSStarboard says Staples should explore merger with Office Depot
Starboard Value, one of the largest shareholders of Staples (SPLS), confirmed, as previously reported, that it has delivered a letter to Ronald Sargent, Chairman and CEO of Staples, and the board of directors of Staples. In the letter, Starboard states in part: "As we discussed in our recent meeting, we believe that the best way to maximize value for Staples' shareholders is through exploring and completing a business combination with Office Depot (ODP). For a variety of reasons, we believe that now is the right time to pursue such a transaction, and we urge you to immediately retain a reputable investment bank and legal advisors to assist the Board in evaluating, structuring and executing a transaction with Office Depot. We believe that a strategic combination of Staples and Office Depot would result in synergies that would more than double the operating profits of the combined company and would create an industry-leading office supply retailer that could more effectively compete against larger retailers and online competitors. The magnitude of value creation from such a business combination far exceeds anything that either company could achieve on a standalone basis. We believe that the evidence is clear that shareholders are broadly supportive of a transaction between Staples and Office Depot. As shown in the chart below, since the merger speculation began last September, Staples' share price has risen over 50%, strongly outperforming the S&P 500...After the recent increase in Staples' share price, we believe the stock now trades at a substantial premium to the intrinsic value of the standalone company. This results in a lower cost of capital for Staples and a stronger currency which could be used to acquire Office Depot. If Staples fails to fully explore and consummate a transaction with Office Depot, shareholders will undoubtedly be extremely disappointed...We understand that this will require cooperation from Office Depot, and we have already expressed to them our strong support for a transaction...Our sincere hope is that we can continue to have a constructive dialogue. However, if it becomes clear to us that you have no intention of seriously pursuing this unique and highly attractive opportunity, it would be a clear sign that significant leadership change is needed at Staples."
09:31 EDTSPLSActivist Starboard urging Staples, Office Depot to merge, WSJ reports
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09:21 EDTTMHCTaylor Morrison downgraded to Market Perform from Outperform at JMP Securities
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08:59 EDTSPLSStarboard urged Staples to explore Office Depot merger, Bloomberg says
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07:26 EDTDRIJefferies to hold a summit
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07:11 EDTTMHCTaylor Morrison downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Taylor Morrison to Neutral on expectations of further gross margin declines and a slowdown in Texas. Price target lowered to $18 from $24.
07:11 EDTMTHMeritage Homes downgraded to Underperform from Neutral at Credit Suisse
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06:24 EDTDTEGYT-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
January 18, 2015
17:19 EDTDTEGYDeutsche Telekom plans to raise spending on German operations, Bloomberg says
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