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February 4, 2014
10:00 EDTSLCA, DO, TSRO, TTWO, CPE, CACC, HP, NEM, PSMIOn the Fly: Analyst Downgrade Summary
Callon Petroleum (CPE) downgraded to Neutral from Buy at SunTrust... Credit Acceptance (CACC) downgraded to Market Perform from Outperform at JMP Securities... Helmerich & Payne (HP) downgraded to Underperform from Neutral at Credit Suisse... Newmont Mining (NEM) downgraded to Neutral from Overweight at JPMorgan... Peregrine (PSMI) downgraded to Neutral from Overweight at JPMorgan... U.S. Silica (SLCA) downgraded to Hold from Buy at Jefferies... Diamond Offshore (DO) downgraded to Hold from Buy at Wunderlich... TESARO (TSRO) downgraded at Morgan Stanley... Take-Two (TTWO) downgraded to Hold from Buy at Benchmark Co.
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August 28, 2014
09:04 EDTSLCAU.S. Silica price target raised ot $80 from $59 at Morgan Stanley
Morgan Stanley raised U.S. Silica's price target to $80 and said it continues to be a top Overweight small-cap pick. The firm expects a multi-year frac sand shortage and for demand to nearly double in 2016 vs. 2013. The analyst believes industry capacity growth is being held back by distribution issues and believes U.S. Silica has strong logistic capabilities and pricing power.
August 25, 2014
08:01 EDTTTWO2K says WWE SuperCard exceeds 1.5M downloads in first week
2K (TTWO) announced the larger-than-life, action-packed collectible card game, WWE (WWE) SuperCard, was downloaded more than 1.5 million times during its first week of release.
August 22, 2014
11:59 EDTTTWOGameStop surges after Q2 EPS, revenue beat expectations
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11:17 EDTPSMIPeregrine unlikely to receive competing bid, says Oppenheimer
Oppenheimer believes Peregrine (PSMI) is unlikely to receive a competing takeover bid to Murata's since Murata is Peregrine's largest customer and Avago (AVGO) and Skyworks (SWKS) are looking to diversify away from mobile. Opco thinks Murata may look to divest Peregrine's non-mobile business, and views Skyworks, RF Micro Devices (RFMD), Analog Devices (ADI), and M/A-Com Technology (MTSI) as logical buyers for the business.
08:11 EDTPSMIMurata acquires Peregrine for $12.50 per share in cash
Murata Electronics North America, a wholly owned subsidiary of Murata Manufacturing and Peregrine Semiconductor announced that they have entered into a definitive agreement under which Murata will acquire all outstanding shares of Peregrine not owned by Murata, for $12.50 per share in cash, or a total transaction value of $471M, or $465M excluding Murata’s existing holding. Upon closing of the transaction, Peregrine will become part of Murata’s strategy to expand its core business. Peregrine will become a wholly owned subsidiary of Murata and continue with its current business model of solving the world’s toughest RF challenges. The acquisition will deliver to Murata advanced RF Front-end capabilities and the world’s best Silicon on Insulator process technology, key areas for the growing integration of mobile technologies. Peregrine supplies many wireless markets, including: smartphones, test & measurement, automotive, public safety radio and wireless Infrastructure. Peregrine will also provide Murata with a strong portfolio of Intellectual Property Rights covering the entire RF SOI front-end. The transaction, which has been approved by both companies’ boards of directors, is expected to close by the end of 2014 or early 2015, subject to Peregrine’s stockholders’ approval, regulatory approvals, and other customary closing conditions.
08:09 EDTPSMIMurata to acquire Peregrine for $12.50 per share in cash
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07:57 EDTPSMIPeregrine trading halted, pending news
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August 15, 2014
06:01 EDTTTWOJuly NPD video game software sales fell 15%, says Piper Jaffray
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August 14, 2014
10:05 EDTHPOn The Fly: Analyst Upgrade Summary
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06:41 EDTHPHelmerich & Payne upgraded to Neutral from Underperform at Credit Suisse
Credit Suisse upgraded Helmerich & Payne to Outperform and raised its price target to $96 from $90 based on valuation and reduced expectations.

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