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Stock Market & Financial Investment News

News Breaks
February 4, 2013
10:17 EDTYHOO, SRE, TXN, TKR, MXWL, TSN, WYNN, WU, STJ, BEN, VLO, PRGO, MCHP, UCTT, MJN, BBRYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: BlackBerry (BBRY) upgraded to Outperform from Market Perform at Bernstein... Franklin Resources (BEN) upgraded to Outperform from Market Perform at Keefe Bruyette... Maxwell (MXWL) upgraded to Overweight from Neutral at Piper Jaffray... Mead Johnson (MJN) upgraded to Conviction Buy from Neutral at Goldman... St. Jude Medical (STJ) upgraded to Outperform from Neutral at Credit Suisse... Timken (TKR) upgraded to Buy from Neutral at BofA/Merrill... Ultra Clean (UCTT) upgraded to Buy from Hold at Needham... Western Union (WU) upgraded to Buy from Hold at Deutsche Bank... Texas Instruments (TXN) upgraded to Buy from Neutral at ISI Group,,, Microchip (MCHP) upgraded to Buy from Neutral at ISI Group... Wynn Resorts (WYNN) upgraded to Buy from Neutral at ISI Group... Sempra Energy (SRE) upgraded to Overweight from Neutral at JPMorgan... Perrigo (PRGO) upgraded to Overweight from Equal Weight at Morgan Stanley... Tyson Foods (TSN) upgraded to Buy from Underperform at CLSA... Yahoo! (YHOO) upgraded to Buy from Hold at Stifel Nicolaus... Valero Energy (VLO) upgraded to Neutral from Underperform at Macquarie.
News For BBRY;BEN;MXWL;MJN;STJ;TKR;UCTT;WU;TXN;MCHP;WYNN;SRE;PRGO;TSN;YHOO;VLO From The Last 14 Days
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November 12, 2014
07:30 EDTYHOOYahoo price target raised to $55 from $48 at BofA/Merrill
BofA/Merrill raised Yahoo's (YHOO) price target to $55 to reflect Alibaba (BABA) appreciation. Shares are Neutral rated.
07:27 EDTYHOOYahoo price target raised to $58 from $52 at UBS
UBS raised its price target on Yahoo (YHOO) to $58 from $52 following its announcement it will acquire BrightRoll. The firm said the price adjustment reflects its recent price target increase on Alibaba (BABA) to $125 from $100 last week. UBS reiterates its Buy rating on Yahoo shares.
06:53 EDTTSNTyson Foods volatility elevated into Q4 and outlook
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06:37 EDTMJNCiti says Hershey, TreeHouse, Mead still top picks in Food
After meeting with ten U.S. Food Manufacturers, Citigroup says Hershey (HSY), TreeHouse (THS) and Mead Johnson (MJN) remain its top picks in the space. Citi favors domestic companies, but says the consumer environment for food remains difficult with volume growth "hard to come by" in the U.S. The firm believes the expected uptick in U.S. food growth is failing to materialize.
06:00 EDTYHOOYahoo investors met with AOL CEO to push merger, Reuters reports
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November 11, 2014
16:43 EDTYHOOYahoo acquires video advertising platform BrightRoll for $640M
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12:34 EDTMJNMead Johnson management to meet with William Blair
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12:02 EDTYHOOYahoo could create $19 in shareholder value, says Wolfe Research
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10:44 EDTYHOOAlibaba Chairman Ma thinks Yahoo 'happy' with company performance
Alibaba (BABA) Chairman Jack Ma says his company must focus on itself, not on Yahoo (YHOO), but he believes Yahoo is happy with Alibaba's performance. Ma is speaking on CNBC.
10:27 EDTYHOOAlibaba sets Singles' Day record, analysts start coverage with upbeat notes
Chinese e-commerce giant Alibaba (BABA) generated record sales during the Chinese Singles Day holiday and a number of research firms initiated coverage of the stock with upbeat notes. WHAT'S NEW: Alibaba announced that a record $8B of products had been sold on its website with a few hours left in the Chinese Singles' Day holiday. Many Chinese citizens buy gifts on e-commerce websites during the holiday. During last year's festival, $5.7B of products were purchased on Alibaba's websites. ANALYST INITIATIONS: Oppenheimer analyst Ella Ji initiated coverage of Alibaba with an Outperform rating in a note to investors last night. Alibaba's ecosystem will make it difficult for competitors to challenge it for a long time, Ji believes. The ecosystem also boosts Alibaba's revenue growth and margins, according to the analyst. The e-commerce giant's strong brand, along with its large and loyal customer base, help make it one of the best-positioned companies in the Chinese Internet space, contended the analyst. He predicted that its revenue and profits will grow at a compound annual growth rate of 34% and 32%, respectively, from fiscal 2014 to fiscal 2019. The analyst set a $133 price target on the shares. HSBC earlier today initiated coverage of Alibaba with an Overweight rating. WHAT'S NOTABLE: Needham yesterday afternoon raised its price target for Yahoo (YHOO) shares to $55, citing higher than previously expected trading values for Alibaba. The firm believes Yahoo shares are pricing in negative 6% EBITDA growth for the company, which it views as too pessimistic. Needham, which expects positive EBITDA growth for Yahoo, kept a Buy rating on the stock. PRICE ACTION: In early trading, Alibaba fell 2.6% to $116 per share. However, the stock has risen nearly 18% in the last five days.
08:38 EDTYHOOYahoo price target raised to $55 from $48 at Needham (yesterday)
Needham yesterday afternoon raised its price target for Yahoo (YHOO) shares to $55 citing higher than previously expected trading values for Alibaba (BABA). The firm believes Yahoo shares are pricing in negative 6% EBITDA growth for the company, which it views as too pessimistic. Needham expects positive EBITDA growth for Yahoo and keeps a Buy rating on the stock.
November 10, 2014
17:40 EDTYHOOYahoo could go higher, Barron's says
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16:40 EDTBENFranklin Resources reports $898.4B under management at October 31
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16:00 EDTYHOOOptions Update; November 10, 2014
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15:53 EDTPRGOCredit Suisse to hold a conference
Healthcare Conference is being held in Scottsdale, Arizona on November 10-13 with webcasted company presentations to begin on November 11 at 10:30 am; not all company presentations may be webcasted. Webcast Link
12:09 EDTTSNUSDA raises 2014 meat production forecast, lowers 2015
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11:39 EDTYHOOStocks with call strike movement; YHOO NEM
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08:26 EDTBBRYBlackBerry CEO meets with Lenovo, seeks partnerships in China, Bloomberg reports
BlackBerry (BBRY) CEO John Chen acknowledged meeting with the heads of Xiaomi and Lenovo (LNVGY) and said his company's strengths in security, encryption and privacy may present opportunities for agreements on technology licensing, distribution or manufacturing in China, reported Bloomberg, citing an interview with Chen at the Asia-Pacific Economic Cooperation CEO Summit. Reference Link
08:04 EDTWUWestern Union is poised to break out, says Macquarie
Macquarie's recent management meeting reinforced its view that Western Union is poised to break out as the company continues to benefit from lower than expected compliance costs, which should boost margins. The analyst expects Western Union's scale and lower run rate of compliance costs will generate a strong competitive advantage over smaller money transfer players and banks and for C2C transactions growth and innovative products to drive long-term outlook. Shares are Outperform rated with a $21 price target.
07:19 EDTPRGOCredit Suisse to hold a conference
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