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Stock Market & Financial Investment News

News Breaks
April 1, 2014
10:00 EDTNVDA, INFA, BPI, WCC, WDR, RUSHA, OSGIQ, MD, GST, DNN, HSTM, UAL, RBCN, NCMI, LH, CFR, PCRX, BCPC, DATA, PFSIOn The Fly: Analyst Upgrade Summary
Bridgepoint Education (BPI) upgraded to Outperform from Market Perform at BMO Capital... Cullen/Frost (CFR) upgraded to Neutral from Underperform at Sterne Agee... Gastar Exploration (GST) upgraded to Buy from Neutral at SunTrust... Informatica (INFA) upgraded to Overweight from Equalweight at Barclays... LabCorp (LH) upgraded to Buy from Neutral at UBS... MEDNAX (MD) upgraded to Buy from Hold at Deutsche Bank... NVIDIA (NVDA) upgraded to Outperform from Market Perform at JMP Securities... National CineMedia (NCMI) upgraded to Overweight from Neutral at JPMorgan... Overseas Shipholding (OSGIQ) upgraded to Outperform at Imperial Capital... PennyMac (PFSI) upgraded to Buy from Hold at Jefferies... Rubicon (RBCN) upgraded to Overweight from Neutral at JPMorgan... Rush Enterprises (RUSHA) upgraded to Outperform from Market Perform at BMO Capital... Tableau (DATA) upgraded to Outperform from Neutral at RW Baird... United Continental (UAL) upgraded to Buy from Neutral at UBS... Waddell & Reed (WDR) upgraded to Buy from Neutral at Goldman... Balchem (BCPC) upgraded to Buy from Neutral at Sidoti... Healthstream (HSTM) upgraded to Buy from Hold at Noble Financial... WESCO (WCC) upgraded to Outperform from Market Perform at William Blair... Pacira Pharmaceuticals (PCRX) upgraded to Overweight from Neutral at Piper Jaffray... Denison Mines (DNN) upgraded to Neutral from Underperform at Credit Suisse.
News For BPI;CFR;GST;INFA;LH;MD;NVDA;NCMI;OSGIQ;PFSI;RBCN;RUSHA;DATA;UAL;WDR;BCPC;HSTM;WCC;PCRX;DNN From The Last 14 Days
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February 23, 2015
08:12 EDTLHLabCorp upgraded to Overweight from Underweight at Morgan Stanley
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07:32 EDTLHLabCorp resumed with a Market Perform at Wells Fargo
Price target range $120-$129.
06:36 EDTLHLabCorp upgraded to Outperform from Neutral at Credit Suisse
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05:41 EDTLHLabCorp upgraded to Overweight from Neutral at Piper Jaffray
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February 20, 2015
17:20 EDTUALUnited Continental says cooperating with government investigation
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07:13 EDTLHLabCorp says has temporarily suspended share repurchase program
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07:12 EDTLHLabCorp sees FY15 adjusted EPS $7.35-$7.70, consensus $7.34
Guidance includes accretion of approximately 35c-40c to earnings in 2015 from the acquisition of Covance. The Company expects to have approximately 102 million total weighted-average shares outstanding in 2015, after issuing approximately 15.3 million shares for the Covance transaction. Sees FY15 total revenue growth of approximately 40%-44%, after adjusting for approximately 160 basis points of negative currency impact. Revenue growth in the clinical laboratory business of approximately 3%-5%. Consensus is $6.16B. Revenue growth in the Covance business of approximately 4%-6%, after adjusting for approximately 330 basis points of negative currency impact. Sees FY15 operating cash flow $1.075B-$1.1B, CapEx $325M-$350M, free cash flow $725M-$775M. Free cash flow will be used to pay down debt and for tuck-in acquisitions. The company has temporarily suspended its share repurchase program until it approaches its target leverage ratio of 2.5 times debt to EBITDA. The company expects cost synergies from business optimization, corporate overhead and purchasing and logistics in excess of $100M within three years, with associated one-time costs of approximately $50M. The company expects synergies in 2015 of approximately $35M, with associated one-time costs of approximately $20M. Project LaunchPad will re-engineer the Company’s systems and processes, leverage technological advancements, create a sustainable, more efficient business model, and improve the experience of all stakeholders. The company expects this initiative to drive net savings in excess of $150M over the next three years, with associated one-time costs of approximately $30M. The company expects net savings from this initiative in 2015 of approximately $50M, with associated one-time costs of approximately $15M.
07:09 EDTLHLabCorp reports Q4 adjusted EPS $1.65, consensus $1.63
Reports Q4 revenue $1.51B, consensus $1.5B.
February 19, 2015
15:32 EDTLHNotable companies reporting before tomorrow's open
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09:59 EDTUALOn The Fly: Analyst Initiation Summary
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09:22 EDTLHLabCorp completes acquisition of Covance
LabCorp (LH) announced the completion of its acquisition of Covance (CVD), following its entry into a definitive purchase agreement on November 2, 2014. At closing, the purchase consideration was valued at $107.19 per Covance share, consisting of $75.76 in cash and 0.2686 LabCorp shares for each Covance share, or an equity value of approximately $6.2B and an enterprise value of approximately $5.7B. The closing of the transaction follows the receipt of all necessary regulatory requirements and approval of the transaction by Covance shareholders on February 18. With the closing of the transaction, Covance common stock will cease trading and will no longer be listed on the NYSE.
February 18, 2015
17:27 EDTUALUnited Continental initiated with a Neutral at BofA/Merrill
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16:46 EDTHSTMHealthstream reports Q4 EPS 9c, consensus 9c
Reports Q4 revenue $45.3M, consensus $45.78M.
10:05 EDTWDROn The Fly: Analyst Downgrade Summary
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09:27 EDTLHCovance stockholders approve acquisition by LabCorp
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05:39 EDTWDRWaddell & Reed downgraded to Hold from Buy at Jefferies
Jefferies downgraded Waddell & Reed to Hold with a $50 price target saying the company is "stuck in neutral."
February 17, 2015
17:02 EDTUALSoros Fund Management gives quarterly update on stakes
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13:18 EDTUALOmega Advisors gives quarterly update on stakes
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07:49 EDTINFAInformatica seeks new financial advisers to restart sale process, Reuters says
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07:24 EDTUALExecutives' Club of Chicago to hold a breakfast meeting
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