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Stock Market & Financial Investment News

News Breaks
June 25, 2014
10:00 EDTVMI, KRA, VIAB, PBR, HOG, VRTX, MEGGF, DISCK, CTRP, EVEP, COHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Coach (COH) downgraded at BofA/Merrill... Ctrip.com (CTRP) downgraded to Outperform from Strong Buy at Raymond James... Discovery Communications (DISCK) downgraded to Neutral from Buy at BTIG... EV Energy (EVEP) downgraded to Hold from Buy at Wunderlich... Harley-Davidson (HOG) downgraded at KeyBanc... Kraton Performance (KRA) downgraded to Neutral from Outperform at Credit Suisse... Meggitt (MEGGF) downgraded to Underweight from Neutral at JPMorgan... Petrobras (PBR) downgraded to Equal Weight from Overweight at Morgan Stanley... Valmont (VMI) downgraded to Neutral from Outperform at Wedbush... Vertex (VRTX) downgraded to Neutral from Buy at H.C. Wainwright... Viacom (VIAB) downgraded to Neutral from Buy at BTIG.
News For COH;CTRP;DISCK;EVEP;HOG;KRA;MEGGF;PBR;VMI;VRTX;VIAB From The Last 14 Days
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August 24, 2015
13:36 EDTVRTXBiotech correction presents some opportunities, says RBC Capital
RBC Capital analyst Michael Yee said he won't try to pick the short-term bottom in biotech, but contends that any macro weakness in China shouldn't have any major impact to financials or fundamentals for the sector given their minimal exposure there. If the market continues to be volatile, Yee recommends a focus on names with defensive characteristics, such as higher margins and free cash flow yield, naming Amgen (AMGN), Celgene (CELG) and Gilead (GILD) as some examples. The analyst adds that he likes Vertex (VRTX) on the pullback for "more aggressive" growth investors. Yee has Outperform ratings on all of the stocks mentioned above.
07:59 EDTEVEPEV Energy downgraded to Underperform from Neutral at Baird
Baird downgraded EV Energy to Underperform from Neutral citing its onerous cost of equity and the potential for another distribution cut. Baird lowered its price target to $5 from $13 on EV Energy shares.
August 23, 2015
16:22 EDTVIAB'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
13:11 EDTVIABFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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August 20, 2015
07:20 EDTCTRPCitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.
06:36 EDTVIABBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
August 19, 2015
07:22 EDTEVEPCitigroup to hold a conference
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06:09 EDTPBRPetrobras CEO attempts to set company on new path, WSJ reports
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August 18, 2015
16:00 EDTPBROptions Update; August 18, 2015
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10:17 EDTVIABDisney downgraded as Wells moves away from content providers
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10:00 EDTCOHOn The Fly: Analyst Upgrade Summary
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09:45 EDTCOHCoach trades higher, levels to watch
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07:46 EDTCOHJefferies sees longer turnaround for Vera Bradley, cuts to Hold
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07:40 EDTCOHJefferies says Coach turnaround not being appreciated, ups to Buy
Jefferies analyst Randal Konik upgraded Coach (COH) to Buy from Neutral and raised his price target for shares to $50 from $35. The stock closed yesterday up 8c to $32.02. Survey results show the handbag maker is starting to attract new customers at a faster rate while its remodel initiative should help drive a return to positive comps, Konik tells investors in a research note. He believes the company's turnaround is not being fully appreciated by the market. The analyst also added Coach to the Jefferies Franchise Picks List. He coupled the upgrade with a downgrade Vera Bradley (VRA) to Hold.
07:29 EDTPBREnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link
06:42 EDTCOHCoach upgraded to Buy from Hold at Jefferies
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06:26 EDTPBRPetrobras may pay $1.6B to settle U.S. corruption probe, Reuters reports
Petrobras may face record penalties of $1.6B or more to settle U.S. criminal and civil investigations into its role in a corruption scandal, Reuters reports, citing a person briefed by the company's legal advisors. The company may pay the largest penalties ever given by U.S. authorities in a corporate corruption investigation, the report says. Reference Link
August 17, 2015
07:51 EDTPBRPetrobras volatility flat as share price and oil trends lower
Petrobras August call option implied volatility is at 69, September is at 68, October is at 66; compared to its 52-week range of 42 to 131, suggesting non-directional price movement.
06:22 EDTVRTXPiper's Tenthoff sees select biotech names outperforming in second half
Piper Jaffray analyst Edward Tenthoff expects drug launches, clinical data read-outs and potential partnerships to drive outperformance for select biotech names in the second half of 2015. Despite some recent profit-taking, 2015 has been another strong year for biotech stocks, Tenthoff tells investors in a research note. Names with important second half of the year catalysts include Vertex (VRTX), Regeneron (REGN), Seattle Genetics (SGEN), Exelixis (EXEL), Sarepta (SRPT), Novavax (NVAX), Arrowhead (ARWR), Array BioPharma (ARRY), Alnylam (ALNY), Genocea (GNCA), CymaBay (CBAY), Idera Pharmaceuticals (IDRA), Vitae Pharmaceuticals (VTAE).
August 16, 2015
16:59 EDTVIAB'Straight Outta Compton' sidesteps rivals in $56.1M weekend debut
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