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Stock Market & Financial Investment News

News Breaks
January 16, 2014
10:02 EDTAOL, TI, REG, HCN, FRT, BPO, BDN, PDCE, ROP, CSX, WDC, VRNT, VMW, ELX, ESL, IT, MU, HPQ, N, NLSN, TTEK, TRN, BIGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Big Lots (BIG) upgraded to Market Perform from Underperform at Raymond James... Emulex (ELX) upgraded to Buy from Neutral at BofA/Merrill... Esterline (ESL) upgraded to Buy from Neutral at UBS... Gartner (IT) upgraded to Buy from Neutral at Goldman... HP (HPQ) upgraded to Buy from Neutral at BofA/Merrill... Micron (MU) upgraded to Outperform from Market Perform at JMP Securities... NetSuite (N) upgraded to Outperform from Market Perform at FBR Capital... Nielsen (NLSN) upgraded to Buy from Neutral at Goldman... Tetra Tech (TTEK) upgraded to Buy from Hold at KeyBanc... Trinity Industries (TRN) upgraded to Buy from Hold at Stifel... VMware (VMW) upgraded to Buy from Neutral at Citigroup... Verint Systems (VRNT) upgraded to Outperform from Market Perform at FBR Capital... Western Digital (WDC) upgraded to Buy from Neutral at BofA/Merrill... Telecom Italia (TI) upgraded to Buy from Neutral at Nomura... Regency Centers (REG) upgraded to Overweight from Neutral at JPMorgan... Health Care REIT (HCN) upgraded to Overweight from Neutral at JPMorgan... Federal Realty (FRT) upgraded to Overweight from Neutral at JPMorgan... Brookfield Office (BPO) upgraded to Neutral from Underweight at JPMorgan... Brandywine Realty (BDN) upgraded to Overweight from Neutral at JPMorgan... PDC Energy (PDCE) upgraded to Buy from Hold at Miller Tabak... Roper Industries (ROP) upgraded to Overweight from Neutral at JPMorgan... CSX (CSX) upgraded to Buy from Hold at Argus... AOL (AOL) upgraded to Buy from Fair Value at CRT Capital.
News For BIG;ELX;ESL;IT;MU;HPQ;N;NLSN;TTEK;TRN;VMW;VRNT;WDC;TI;REG;HCN;FRT;BPO;BDN;PDCE;ROP;CSX;AOL From The Last 14 Days
Check below for free stories on BIG;ELX;ESL;IT;MU;HPQ;N;NLSN;TTEK;TRN;VMW;VRNT;WDC;TI;REG;HCN;FRT;BPO;BDN;PDCE;ROP;CSX;AOL the last two weeks.
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September 11, 2014
13:36 EDTVMWEMC sale of VMware stake would be sub-optimal, says Wells Fargo
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13:20 EDTVMWEMC not considering selling VMware stake, Reuters reports
12:37 EDTCSXCSX backs view of 'modest' FY14 EPS growth, consensus $1.86
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12:36 EDTCSXCSX now sees Q3 EPS 'slightly' above 45c, consensus 47c
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11:17 EDTVMW, HPQEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:30 EDTHPQ, VMWUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
09:20 EDTVMWVMware to host conference call
Management discusses what's new at the company on a conference call to be held on September 11 at 10 am. Webcast Link
09:02 EDTTTEKTetra Tech wins $23.6M U.S. Navy environmental contract
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07:07 EDTHPQ, VMWEMC to explore selling VMware stake, NY Post reports
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September 10, 2014
15:24 EDTNLSNCBS CEO Moonves says Nielsen has improved
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10:44 EDTMUMicron mentioned positively at Raymond James
10:00 EDTVMWOn The Fly: Analyst Initiation Summary
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09:11 EDTNSenate Commerce, Science & Transportation Committee holds a hearing
The Committee holds a hearing entitled, "Freight Rail Service: Improving the Performance of America’s Rail System" to discuss the impacts of rail service issues on various industries and the economy on September 10 at 2:30 pm. Webcast Link
08:31 EDTHPQRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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September 9, 2014
19:39 EDTVMWVMware initiated with a Buy at Maxim
Target $120.00.
14:04 EDTHPQHP price target raised to $43 from $40 at Argus
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07:22 EDTMURaymond James to hold a conference
North American Equities Conference to be held in London, England on September 9.
07:17 EDTHPQThe Wireless Association to hold a conference
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05:36 EDTVMWVMware, Capgemini announce strategic partnership
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September 8, 2014
08:07 EDTAOLAOL introduces Road Devil Interstitial for Mobile
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