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Stock Market & Financial Investment News

News Breaks
May 14, 2014
07:35 EDTNSRGY, DANOY, ABT, MJNDanone in talks to sell medical nutrition unit, may seek formula maker, FT says
Danone (DANOY) is being advised by JPMorgan (JPM) and stands to raise up to EUR5B from a potential sale of most of its medical nutrition unit, according to Financial Times, which noted that the company is in talks about the division with Nestle (NSRGY) and other potential buyers. People familiar with the talks say Danone could spend any proceeds on acquiring other infant formula producers. The Fly notes that other baby formula makers include Mead Johnson (MJN) and Abbott (ABT). Reference Link
News For DANOY;MJN;ABT;NSRGY From The Last 14 Days
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May 27, 2015
10:01 EDTABTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abbott (ABT) initiated with a Buy at Evercore ISI... Aldeyra (ALDX) initiated with a Buy at Janney Capital... Black Stone Minerals (BSM) initiated with a Neutral at Credit Suisse... Boston Scientific (BSX) initiated with a Buy at Evercore ISI... Cidara Therapeutics (CDTX) initiated with a Buy at BTIG... Coach (COH) initiated with an Underweight at BB&T... Diplomat Pharmacy (DPLO) initiated with an Outperform at Raymond James... EPIRUS (EPRS) initiated with a Buy at BTIG... Enviva (EVA) initiated with a Buy at Citigroup... General Finance Corp (GFN) initiated with an Outperform at Oppenheimer... Hortonworks (HDP) initiated with an Outperform at Oppenheimer... Jarden (JAH) initiated with a Buy at UBS... Kate Spade (KATE) initiated with a Buy at BB&T... Medtronic (MDT) initiated with a Hold at Evercore ISI... MoneyGram (MGI) initiated with a Neutral at Goldman... Opexa Therapeutics (OPXA) initiated with a Buy at Maxim... Paratek Pharmaceuticals (PRTK) initiated with a Buy at BTIG... Progenics (PGNX) initiated with a Buy at BTIG... Rite Aid (RAD) initiated with a Buy at Mizuho... St. Jude Medical (STJ) initiated with a Buy at Evercore ISI... Starwood Waypoint (SWAY) initiated with an Outperform at Wells Fargo... Talen Energy (TLN) initiated with a Hold at Deutsche Bank... Ulta Salon (ULTA) initiated with a Buy at Buckingham... Vipshop (VIPS) initiated with a Buy at Stifel... Virtu Financial (VIRT) initiated with a Neutral at Citigroup... Vista Outdoor (VSTO) initiated with a Buy at Wunderlich... ZELTIQ (ZLTQ) initiated with a Buy at Northcoast... eBay (EBAY) initiated with a Buy at Topeka.
08:09 EDTMJNMead Johnson repeats FY15 adjusted EPS view $3.90-$4.00, consensus $3.99
Repeats FY15 sales growth view of about 7% constant dollar sales growth with about 5% reduction from FX. Sees FY15 gross margin approx. 64%, operating expenses approx. 39% of sales. Sees FY15 EBIT slightly above 24.5% of sales, effective tax rate "slightly better" than 24%. Sees long-term earnings growth at or above revenue growth rate. Says intends to make incremental demand-generation investments in light of anticipated gross margin improvement in 2015. Comments from slides that will be presented at the Citi Global Consumer Conference.
07:42 EDTABTAbbott initiated with a Buy at Evercore ISI
Target $54.
May 26, 2015
06:16 EDTABTAbbott to start selling G.M.O-free Similac Advance formula, NY Times reports
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May 21, 2015
07:37 EDTABTPfizer replaces AbbVie as top global pharma pick at Jefferies
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May 19, 2015
08:02 EDTABTAbbott announces CE Mark for new advancement of Absorb stent system
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May 18, 2015
11:23 EDTABTFitch downgrades Abbott's L-T IDR to A; outlook revised to stable
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