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Stock Market & Financial Investment News

News Breaks
July 18, 2014
11:24 EDTCYTCytec cuts FY14 net interest expense outlook to $17M from $25M
Sees Q3 effective tax rate 31% plus or minus a percent. Expects capital spending to trend down in Q3 and more significantly in Q4. Expects to start generating excess free cash flow in 2H14. Says Cytec "well positioned" for the next 20 years. Expects overall full-year sales to be stronger than the company originally forecasted. Comments made during the company's Q2 earnings conference call.
News For CYT From The Last 14 Days
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April 23, 2015
10:00 EDTCYTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ADTRAN (ADTN) downgraded to Hold from Buy at Needham... Angie's List (ANGI) downgraded to Underperform from Market Perform at Northland... BG Group (BRGYY) downgraded to Hold from Overweight at HSBC... Brink's (BCO) downgraded to Neutral, sees 'imminent' downside risk, says Macquarie... Citrix (CTXS) downgraded to Hold from Buy at Evercore ISI... Cognex (CGNX) downgraded to Perform from Outperform at Oppenheimer... Cytec Industries (CYT) downgraded to Equal-Weight from Overweight at First Analysis... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Ensco (ESV) downgraded to Underweight from Equal Weight at Morgan Stanley... F5 Networks (FFIV) downgraded to Neutral from Buy at MKM Partners... Fulton Financial (FULT) downgraded to Market Perform from Outperform at Keefe Bruyette... Halcon Resources (HK) downgraded to Neutral from Outperform at Baird... Heartland Express (HTLD) downgraded on limited earnings growth at Raymond James... Informatica (INFA) downgraded to Market Perform from Outperform at JMP Securities... Knight Transportation (KNX) downgraded to Outperform from Strong Buy at Raymond James... LegacyTexas Financial (LTXB) downgraded to Outperform from Strong Buy at Raymond James... Masco (MAS) downgraded to Neutral from Buy at Citigroup... MobileIron (MOBL) downgraded to Equal Weight from Overweight at Morgan Stanley... Noble Corp. (NE) downgraded to Underweight from Equal Weight at Morgan Stanley... Omnicare (OCR) downgraded to Neutral from Outperform at Credit Suisse... Owens Corning (OC) downgraded to Sell from Neutral at Citigroup... Qualcomm (QCOM) downgraded to Neutral from Outperform at Exane BNP Paribas... RAM Energy (RAME) downgraded to Neutral from Outperform at Baird... Repsol (REPYY) downgraded to Reduce from Hold at HSBC... Stillwater Mining (SWC) downgraded on lack of catalysts at BB&T... Texas Capital (TCBI) downgraded to Outperform from Strong Buy at Raymond James... Texas Instruments (TXN) downgraded to Neutral from Buy at BofA/Merrill... Total (TOT) downgraded to Hold from Buy at Deutsche Bank... Transocean (RIG) downgraded to Underweight from Equal Weight at Morgan Stanley.
06:57 EDTCYTCytec Industries downgraded to Equal-Weight from Overweight at First Analysis
First Analysis downgraded Cytec to Equal Weight due to valuation.
April 20, 2015
08:46 EDTCYTCytec Industries price target raised to $62 from $54 at Cowen
Cowen raised its price target on Cytec Industries to $62 from $54 citing its resilience to weak copper prices, aerospace's long-cycle profile, and the stock's discount valuation. Cowen reiterated its Outperform rating on Cytec shares.
April 16, 2015
19:00 EDTCYTOn The Fly: After Hours Movers
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16:20 EDTCYTCytec Industries up 2.2% after Q1 results, new Chief Technology Officer
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16:20 EDTCYTCytec Industries elects Dr. Carmelo Lo Faro as Chief Technology Officer
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16:18 EDTCYTCytec Industries raises FY15 adjusted EPS view to $3.15-$3.35, consensus $3.20
Shane Fleming, chairman and CEO stated, The demand trends to start the year are in line with our expectations and I am very pleased with our performance in Q1. We remain confident in our ability to deliver the projected growth in each business for 2015. We have some positive macro drivers that should continue to offer additional support this year, including cost benefits related to lower raw material pricing and favorable foreign exchange. Based on our assumptions that demand will remain robust across our businesses and the cost benefits we saw in Q1 will continue through year end, we are increasing the company's FY15 guidance for adjusted diluted EPS to a range between $3.15-$3.35. We have provided our current view by business segment below."
16:14 EDTCYTCytec Industries reports Q1 adjusted EPS 82c, consensus 73c
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15:23 EDTCYTNotable companies reporting after market close
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