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Stock Market & Financial Investment News

News Breaks
January 10, 2014
11:02 EDTBERYBerry Plastics to relocate manufacturing equipment to Indiana facilities
Berry Plastics announced plans to further optimize production and relocate manufacturing equipment to four of its Indiana manufacturing operations. The company will invest approximately $31M for new infrastructure and equipment, and will also transfer existing equipment from other Berry Plastics facilities. The project will begin in early 2014 and will result in the addition of more than 330 production jobs over the next two years, Berry said. The Indiana Economic Development Corporation offered the company a grant up to $300K to facilitate job skills training and $2.35M in Economic Development for Growing Economy tax credits which may be certified over the next 10 years. In addition, the City of Evansville offered the company a 10-year Tax Phase-In on real property investment, with an estimated value of $1.7M, and a Modified Schedule of Tax Abatement on personal property investment, with an estimated value of $2.8M.
News For BERY From The Last 14 Days
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November 24, 2014
10:00 EDTBERYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded to Outperform from Market Perform at Raymond James... Banco Bilbao (BBVA) upgraded to Neutral from Underperform at BofA/Merrill... Berry Plastics (BERY) upgraded to Outperform from Market Perform at BMO Capital... Denny's (DENN) upgraded to Buy from Neutral at Janney Capital... Hess Corp. (HES) upgraded to Outperform from Market Perform at Raymond James... Huaneng Power (HNP) upgraded to Buy from Neutral at BofA/Merrill... Infoblox (BLOX) upgraded to Buy from Hold at Needham... Kate Spade (KATE) upgraded at BofA/Merrill... Lumber Liquidators (LL) upgraded to Overweight from Equal Weight at Morgan Stanley... Occidental Petroleum (OXY) upgraded to Strong Buy from Outperform at Raymond James... PT Indosat (IIT) upgraded to Buy from Neutral at Nomura... Silvercorp Metals (SVM) upgraded to Outperform from Market Perform at Raymond James... Toro Company (TTC) upgraded to Buy from Neutral at Longbow... United Microelectronics (UMC) upgraded to Market Perform from Underperform at Bernstein.
08:01 EDTBERYBerry Plastics upgraded at BMO Capital
As noted earlier, BMO Capital upgraded Berry Plastics to Outperform from Market Perform. The firm thinks that the company's results were solid, while its 2015 cash flow guidance was strong and its flexible packaging segment is gaining traction. Target to $31 from $26.
06:48 EDTBERYBerry Plastics upgraded to Outperform from Market Perform at BMO Capital
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November 21, 2014
08:50 EDTBERYBerry Plastics sees FY15 adjusted free cash flow $320M
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08:48 EDTBERYBerry Plastics reports Q4 EPS 35c, consensus 37c
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November 20, 2014
15:28 EDTBERYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Foot Locker (FL), consensus 79c; ANN Inc. (ANN), consensus 68c; Hibbett Sports (HIBB), consensus 62c; Berry Plastics (BERY), consensus 37c; Sirona Dental Systems (SIRO), consensus 90c.

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