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Stock Market & Financial Investment News

News Breaks
November 13, 2012
10:00 EDTPACD, WLK, MCP, CJES, TRNX, SYUT, LYB, BRFS, SCOR, RGP, LLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: C&J Energy (CJES) downgraded to Neutral from Overweight at JPMorgan... Lumber Liquidators (LL) downgraded to Sell from Hold at Stifel Nicolaus... LyondellBasell (LYB) downgraded to Neutral from Buy at Goldman... Molycorp (MCP) downgraded to Equal Weight from Overweight at Morgan Stanley... Regency Energy Partners (RGP) downgraded to Equal Weight from Overweight at Barclays... Synutra (SYUT) downgraded to Perform from Outperform at Oppenheimer... Westlake Chemical (WLK) downgraded to Neutral from Conviction Buy at Goldman... comScore (SCOR) downgraded to Underperform from Market Perform at Raymond James... Tornier (TRNX) downgraded to Underperform from Market Perform at Northland Securities... Pacific Drilling (PACD) downgraded to Neutral from Buy at Guggenheim... BRF Brasil Foods (BRFS) downgraded to Hold from Buy at Miller Tabak.
News For CJES;LL;LYB;MCP;RGP;SYUT;WLK;SCOR;TRNX;PACD;BRFS From The Last 14 Days
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February 9, 2016
08:45 EDTLYBFluor awarded front-end engineering contract from LyondellBasell
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February 5, 2016
06:48 EDTSYUTSynutra sees FY16 net sales $375M-$400M
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06:46 EDTSYUTSynutra reports Q3 EPS 21c vs. 30 last year
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06:44 EDTSYUTSynutra engages independent financial advisor, legal counsel
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February 3, 2016
10:00 EDTLYBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Market Perform from Outperform at William Blair... Credit Acceptance (CACC) downgraded to Underperform at Raymond James... CIT Group (CIT) downgraded to Neutral from Buy at Citi... Cobalt (CIE) downgraded at Stifel... Cypress Energy (CELP) downgraded to Outperform from Strong Buy at Raymond James... Freeport McMoRan (FCX) downgraded on weak near-term outlook at Argus... Gastar Exploration (GST) downgraded to In-Line from Outperform at Imperial Capital... Intersil (ISIL) downgraded to Sell from Neutral at Citi... LyondellBasell (LYB) downgraded to Outperform from Top Pick at RBC Capital... Marriott (MAR) downgraded to Market Perform from Outperform at Wells Fargo... Microchip (MCHP) downgraded to Sell from Neutral at Goldman... Morgan Stanley (MS) downgraded to Underweight from Neutral at Atlantic Equities... Navios Maritime Partners (NMM) downgraded to Hold from Buy at Deutsche Bank... Peapack-Gladstone (PGC) downgraded to Hold from Buy at Sandler O'Neill... QIWI (QIWI) downgraded to Market Perform from Outperform at William Blair... STORE Capital (STOR) downgraded to Neutral from Buy at Ladenburg... Spark Energy (SPKE) downgraded to Neutral from Outperform at Baird... Stone Energy (SGY) downgraded to In-Line from Outperform at Imperial Capital... SunEdison Semiconductor (SEMI) downgraded to Sell from Neutral at Goldman... Teradyne (TER) downgraded to Neutral from Buy at Goldman... Texas Instruments (TXN) downgraded to Sell from Neutral at Goldman... UBS (UBS) downgraded to Sector Perform from Outperform at RBC Capital... Whiting Petroleum (WLL) downgraded on oil price outlook at Stifel... Xcel Energy (XEL) downgraded to Sell from Neutral at UBS... Xilinx (XLNX) downgraded to Buy from Conviction Buy at Goldman... Yahoo (YHOO) downgraded to Hold from Buy at Axiom.
06:23 EDTLYBLyondellBasell downgraded to Outperform from Top Pick at RBC Capital
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February 2, 2016
09:38 EDTSYUTSynutra announces receipt of revised non-binding 'going private' proposal
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07:31 EDTWLKSell rating on Axiall maintained on fundamentals at UBS
UBS noted Axiall (AXLL) rejected the $20 all cash bid from Westlake Chemical (WLK) and believes the possibility exists for counteroffers, but said bids from other parties are less likely. The firm believes market conditions will remain challenged for Axiall but raised its price target to $16 from $11 to account for a 50% probability of a deal.
07:03 EDTLYBLyondellBasell reports Q4 EPS ex-items $2.20, consensus $2.14
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February 1, 2016
13:54 EDTWLKBrigade Capital sends letter to Axiall, urges sale of company
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13:36 EDTLLLumber Liquidators to pay $13.15M in criminal fines to settle claims
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12:48 EDTLLOptions with increasing call volume
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12:13 EDTLLOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday, but off their worst levels of the day, as oil is once again being weighed on by worries of slower growth in China. Several M&A announcements helped fuel speculation that deal-making may be set to pick up, but the headwinds of lower oil prices and weak economic data are outweighing that potential boost and keeping stocks in the red to start the month. ECONOMIC EVENTS: In the U.S., personal income rose 0.3% in December, versus expectations for an increase of 0.2%, while spending was flat, versus expectations for an increase of 0.1%. Markit's manufacturing purchasing managers index for January dipped to 52.4 in the final January reading, down from the 52.7 flash reading and the below the 52.6 reading that was expected. The Institute for Supply Management's manufacturing index for January came in at 48.2, below the 48.4 that analysts expected. Construction spending rose 0.1% in December, which was weaker than the 0.6% increase that was forecast. In China, the statistics bureau's official manufacturing purchasing managers index fell to 49.4 in January from 49.7 in December. The private Caixin manufacturing PMI edged up to 48.4 from 48.2 in the prior reading, but both figures still remain in contraction territory. In Europe, Markit's manufacturing PMI for the euro zone dropped to 52.3 from December's 53.2, in-line with the earlier flash estimate. COMPANY NEWS: Shares of Twitter (TWTR) advanced 9% after tech reporter Jessica Lessin said private equity firm Silver Lake and investor Marc Andreessen have "considered some sort of deal" for the microblog service operator. Lessin noted in the report published on her site, The Information, that she did not know if deal talks are "active" now between Andreessen, Silver Lake and Twitter... Alere (ALR) surged 45% to $54 per share near midday after Abbott (ABT) agreed to acquire the company for $56 per share at a total expected equity value of $5.8B. In other Monday M&A news, Questar (STR) rose 22% after Dominion Resources (D) agreed to acquire it for $25 per share, or about $4.4B, and assume Questar's outstanding debt. Meanwhile, Stryker (SYK) announced a deal to acquire Sage Products for $2.775B in cash. The buyers' shares did not fare as well in the wake of the deal announcements, as Abbott slipped 0.5%, Dominion dipped 1% and Stryker fell 1%. Also lower were shares of Smith & Nephew (SNN), which slid fractionally as investors may have been concerned that Stryker's deal decreases the likelihood that it will come after S&N. Additionally, Smith & Nephew announced that its CEO Olivier Bohuon has been diagnosed with a "highly treatable" form of cancer. MAJOR MOVERS: Among the notable gainers was Lumber Liquidators (LL), which gained 8.5% after a judge accepted the company's $10M plea deal to settle timber source crime charges, according to media reports. Also higher was Chipotle (CMG), which rose 5.5% after The Wall Street Journal reported that the Centers for Disease Control and Prevention is expected to formally declare the end to its E.coli outbreak as soon as today. In addition, Sysco (SYY) and Aetna (AET) were up 7% and 2%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Nokia (NOK), which fell 12% after it forecasted how much revenue it expects to gain from its IP portfolio after its patent deal with Samsung (SSNLF) and its shares were downgraded at Canaccord and BofA Merrill Lynch. Also lower was GoPro (GPRO), which was slid 5% after analysts from Piper Jaffray and Citi predicted that the company's guidance to be issued this week will disappoint investors. In addition, Roper Technologies (ROP) and ImmunoGen (IMGN) were down 6.5% and 5.7%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 56.40, or 0.34%, to 16,409.90, the Nasdaq was down 12.25, or 0.27%, to 4,601.70, and the S&P 500 was down 6.51, or 0.34%, to 1,933.73.
11:28 EDTLLJudge accepts $10M plea deal from Lumber Liquidators, Daily Press reports
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11:24 EDTLYBLyondellBasell technical remarks ahead of earnings
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11:01 EDTLLLumber Liquidators resumes, up 7% after Bloomberg says plea deal reached
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10:56 EDTLLLumber Liquidators jumps nearly 9.5%; halted for volatility
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10:56 EDTLLLumber Liquidators to pay $10M to settle timber source crimes, Bloomberg reports
06:44 EDTWLKAxiall upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas upgraded Axiall (AXLL) to Overweight saying the company would fit well with Westlake Chemical (WLK). It is reasonable to think that Westlake will raise its bid for Axiall, Zekauskas tells investors in a research note after the company's $20 per share offer got rejected. The possibility of Westlake proposing a management slate in a proxy filing could provide incentives for negotiation, he contends. Zekauskas raised his price target for Axiall to $25 from $20. Citi this morning downgraded the stock to Neutral.
06:02 EDTWLK, LYBAxiall downgraded to Neutral from Buy at Citi
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