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Stock Market & Financial Investment News

News Breaks
December 13, 2012
10:12 EDTMTB, FRME, AVGO, ENOC, BGS, RFMD, HBC, DRC, CRL, LLY, VRA, MCHP, GLF, BBEP, RDY, YUM, TSOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Avago (AVGO) upgraded to Buy from Neutral at Goldman... BreitBurn Energy (BBEP) upgraded to Neutral from Underperform at Credit Suisse... Charles River Labs (CRL) upgraded to Outperform from Market Perform at Wells Fargo... Dresser-Rand (DRC) upgraded to Positive from Neutral at Susquehanna... First Merchants (FRME) upgraded to Outperform from Market Perform at Keefe Bruyette... GulfMark Offshore (GLF) upgraded to Outperform from Market Perform at Wells Fargo... HSBC (HBC) upgraded to Buy from Hold at Deutsche Bank... M&T Bank (MTB) upgraded to Outperform from Market Perform at Keefe Bruyette... Microchip (MCHP) upgraded to Neutral from Sell at Goldman... RF Micro Devices (RFMD) upgraded to Overweight from Equal Weight at Barclays... Tesoro (TSO) upgraded to Outperform from Neutral at Credit Suisse... Vera Bradley (VRA) upgraded to Buy from Hold at Jefferies... B&G Foods (BGS) upgraded to Outperform from Sector Perform at RBC Capital... Yum! Brands (YUM) upgraded to Buy from Neutral at Goldman... Charles River Labs (CRL) upgraded to Overweight from Neutral at JPMorgan... Eli Lilly (LLY) upgraded to Neutral from Underperform at Cowen... EnerNOC (ENOC) upgraded to Outperform from Market Perform at Raymond James... Dr. Reddy's Labs (RDY) upgraded to Outperform from Neutral at Credit Suisse.
News For AVGO;BBEP;DRC;FRME;GLF;HBC;MTB;MCHP;RFMD;TSO;VRA;BGS;YUM;LLY;ENOC;RDY;CRL From The Last 14 Days
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May 24, 2013
11:44 EDTTSOKinder Morgan drawing little interest for Freedom pipeline, WSJ says
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07:28 EDTHBCHSBC's Flint: Speed up banking reform, Reuters reports
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05:52 EDTMTBFed's move to put bank merger on hold slows deals, WSJ reports
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May 23, 2013
11:31 EDTRFMDCirrus Logic tumbles after reducing long-term margin outlook
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May 22, 2013
08:12 EDTHBCHSBC shares likely to advance further, says Bernstein
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May 21, 2013
10:03 EDTVRAVera Bradley initiated with a Buy at Standpoint Research
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08:08 EDTTSOTesoro price target raised to $75 from $65 at Oppenheimer
Oppenheimer increased its target on Tesoro to reflect the company's acquisition of a Carson City, CA, refinery and related assets, after regulators approved the deal last Friday. The firm believes that the deal will create significant value for Tesoro shareholders, and it keeps an Outperform rating on the stock.
07:24 EDTLLYGlobal Health Care to host a conference
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May 20, 2013
12:20 EDTRFMDOptions with decreasing implied volatility: RFMD TTWO LO DDS A
09:12 EDTTSOTesoro price target rasied to $120 from $92 at Barclays
Barclays raised Tesoro estimates following the Carson City approval from the FTC and California Attorney General, without any divestitures. Shares are Overweight rated.
08:41 EDTTSOTesoro price target raised to $69 from $58 at Imperial Capital
Imperial Capital raised its price target for Tesoro after the FTC cleared the company's acquisition of BP Carson. The firm keeps an Outperform rating on the stock.
08:38 EDTAVGOAvago multiples poised to expand, says RBC Capital
RBC Capital expects Avago to report stronger than expected results but reiterate its guidance. The firm expects the stock's multiple to expand based on stronger mobile builds and share gains in improving markets. It keeps a $42 price target and Outperform rating on the stock.
08:37 EDTTSOTesoro removed from U.S. Key Call List at UBS
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08:12 EDTHBCUBS names Sylvia Coutinho as CEO of UBS Group Brazil
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May 17, 2013
16:21 EDTTSOOn The Fly: Closing Wrap
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13:18 EDTTSOTesoro, Tesoro Logistics in $640M deal for Carson logistics assets
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13:11 EDTTSOTesoro sees BP deal adding 50c to FY13 EPS
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13:09 EDTTSOTesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities.
10:07 EDTHBCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities.
05:23 EDTHBCHSBC downgraded to Neutral from Outperform at Exane BNP Paribas
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