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Stock Market & Financial Investment News

News Breaks
January 30, 2013
10:24 EDTTPX, WDR, NSC, CHK, AKS, VIAB, VHS, NNA, BOBE, CRESY, ADSK, MTW, KBHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bob Evans (BOBE) upgraded to Overweight from Equal Weight at Stephens... Chesapeake (CHK) upgraded to Buy from Hold at Stifel Nicolaus... KB Home (KBH) upgraded to Outperform from Neutral at Credit Suisse... Navios Acquisition (NNA) upgraded to Buy from Hold at Deutsche Bank... Norfolk Southern (NSC) upgraded to Overweight from Neutral at Atlantic Equities... Manitowoc (MTW) upgraded to Buy from Hold at BB&T... Vanguard Health (VHS) upgraded to Buy from Hold at Deutsche Bank... Waddell & Reed (WDR) upgraded to Neutral from Sell at Goldman... Chesapeake (CHK) upgraded at Stifel Nicolaus... Autodesk (ADSK) upgraded to Outperform from Neutral at Wedbush... Viacom (VIAB) upgraded to Outperform from Neutral at Cowen... Tempur-Pedic (TPX) upgraded to Buy from Hold at KeyBanc... Cresud SA (CRESY) upgraded to Outperform from Market Perform at Raymond James... AK Steel (AKS) upgraded to Neutral from Underperform at Macquarie.
News For BOBE;CHK;KBH;NNA;NSC;MTW;VHS;WDR;ADSK;VIAB;TPX;CRESY;AKS From The Last 14 Days
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November 14, 2014
05:30 EDTNNANavios Acquisition initiated with a Buy at UBS
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November 13, 2014
10:01 EDTMTWOn The Fly: Analyst Initiation Summary
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09:48 EDTNNANavios Maritime Midstream opens at $13.20, IPO priced at $15
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09:41 EDTNNANavios Maritime Midstream IPO indicated to open $13
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09:38 EDTNNANavios Maritime Midstream IPO indicated to open $13-$13.25
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09:33 EDTNNANavios Maritime Midstream IPO indicated to open $14.50
Navios Maritime Midstream Partners (NAP) priced 8.1M shares at $15.00. BofA/Merrill, Citigroup, Credit Suisse and JPMorgan acted as joint book running managers for the offering. Navios Maritime Midstream Partners is a recently formed subsidiary of Navios Maritime Acquisition Corporation (NNA).
09:25 EDTVIABViacom CEO says company will repurchase $750M shares in Q4
09:18 EDTVIABViacom management says TV renewals cover over 25% of subscriptions
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08:08 EDTADSKAutodesk November volatility elevated into Q3 and outlook
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07:18 EDTKBHUBS to hold a conference
Building & Building Products Annual CEO Conference is being held in New York on November 13 with webcasted company presentations to begin at 9:30 am; not all company presentations may be webcasted. Webcast Link
06:54 EDTVIABViacom reports Q4 Media Networks revenue up 8% to $2.66B
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06:53 EDTVIABViacom reports Q4 adjusted EPS $1.71, consensus $1.68
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06:18 EDTMTWManitowoc initiated with a Neutral at Citigroup
Target $24.
06:17 EDTVIABSony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
15:29 EDTVIABNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.12; Viacom (VIAB), consensus $1.68; Tyco (TYC), consensus 56c; Kohl's (KSS), consensus 74c; Helmerich & Payne (HP), consensus $1.67; Sally Beauty (SBH), consensus 40c; Manulife Financial (MFC), consensus 40c; TransDigm (TDG), consensus $2.02; MAXIMUS (MMS), consensus 52c.
10:43 EDTVIABBernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
10:00 EDTVIABOn The Fly: Analyst Downgrade Summary
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09:30 EDTVIABViacom and Frontier Communications renew carriage agreement
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07:31 EDTCHKBofA/Merrill to hold a conference
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06:13 EDTVIABViacom downgraded at Bernstein
As previously reported, Bernstein downgraded Viacom to Underperform from Market Perform. The analyst believes Viacom is vulnerable to a secular declines in TV consumption and SVOD substitution. Price target lowered to $71 from $77.
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