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Stock Market & Financial Investment News

News Breaks
June 30, 2014
09:57 EDTWFC, SYT, FMS, ESYJY, UTL, RYN, DG, BEBE, TLYS, MBIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Dollar General (DG) downgraded to Equal Weight from Overweight at Johnson Rice... Fresenius Medical (FMS) downgraded to Underperform from Hold at Jefferies... MBIA (MBI) downgraded to Neutral from Buy at BTIG... Rayonier (RYN) downgraded at RBC Capital... Syngenta (SYT) downgraded to Underweight from Neutral at JPMorgan... Tilly's (TLYS) downgraded to Neutral from Buy at B. Riley... Unitil (UTL) downgraded to Hold from Buy at Brean Capital... Wells Fargo (WFC) downgraded to Underperform from Neutral at Macquarie... bebe stores (BEBE) downgraded to Neutral from Buy at B. Riley... easyJet (ESYJY) downgraded to Underperform from Neutral at BofA/Merrill.
News For DG;FMS;MBI;RYN;SYT;TLYS;UTL;WFC;BEBE;ESYJY From The Last 14 Days
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November 12, 2014
07:04 EDTDGFamily Dollar reaffirms recommendation to merge with Dollar Tree
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November 11, 2014
10:00 EDTRYNOn The Fly: Analyst Downgrade Summary
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07:41 EDTRYNRayonier downgraded to Underperform from Neutral at BofA/Merrill
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07:06 EDTWFCJinkoSolar subsidiary signs $20M credit agreement with Wells Fargo Bank
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06:33 EDTRYNRayonier downgraded to Sector Perform from Outperform at RBC Capital
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06:05 EDTRYNRayonier downgraded to Sector Perform from Outperform at RBC Capital
05:52 EDTMBIMBIA management to meet with MKM Partners
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November 10, 2014
16:44 EDTRYNOn The Fly: Closing Wrap
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16:07 EDTSYTUBS to hold a conference
UBS European Conference is being held in London, England on November 11-12.
15:54 EDTFMSAmerican Society of Nephrology to hold a conference
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12:36 EDTRYNRayonier falls after restating Q1 and Q2 results, cutting dividend
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12:07 EDTSYTUSDA lowers corn production forecast by 68M bushels
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10:04 EDTSYTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded at Oppenheimer... American Eagle (AEO) downgraded to Neutral from Buy at B. Riley... BP (BP) downgraded to Neutral from Overweight at JPMorgan... Callon Petroleum (CPE) downgraded to Neutral from Buy at SunTrust... EP Energy (EPE) downgraded to Hold from Buy at Deutsche Bank... Eaton Vance (EV) downgraded at Sterne Agee... Ecopetrol (EC) downgraded to Underperform from Sector Perform at RBC Capital... General Mills (GIS) downgraded to Sector Perform from Outperform at RBC Capital... Genworth (GNW) downgraded to Market Perform from Outperform at Keefe Bruyette... MasTec (MTZ) downgraded to Hold from Buy at BB&T... Ocean Rig UDW (ORIG) downgraded to Neutral from Buy at Guggenheim... Performant Financial (PFMT) downgraded at Morgan Stanley... Petrobras (PBR) downgraded to Market Perform from Outperform at Cowen... R.R. Donnelley (RRD) downgraded to Hold from Buy at Benchmark Co.... Rex Energy (REXX) downgraded to Market Perform from Outperform at BMO Capital... Salix (SLXP) downgraded to Neutral from Buy at Mizuho... Siemens (SIEGY) downgraded to Neutral from Overweight at JPMorgan... Solazyme (SZYM) downgraded to Equal Weight from Overweight at Morgan Stanley... Stonegate Mortgage (SGM) downgraded to Market Perform at FBR Capital... Syngenta (SYT) downgraded to Neutral from Overweight at HSBC... ViaSat (VSAT) downgraded to Hold from Buy at Needham... Vistaprint (VPRT) downgraded to Neutral from Buy at SunTrust... Walter Investment (WAC) downgraded at Sterne Agee... WesBanco (WSBC) downgraded to Market Perform from Outperform at Keefe Bruyette... Whiting USA Trust II (WHZ) downgraded to Underperform at Raymond James... Wipro (WIT) downgraded to Sell from Buy at UBS... XOMA (XOMA) downgraded to Neutral from Buy at Ladenburg... Yanzhou Coal (YZC) downgraded to Sell from Hold at Deutsche Bank.
07:57 EDTSYTSyngenta downgraded to Neutral from Overweight at HSBC
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07:12 EDTWFCCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
07:10 EDTRYNRayonier lowers future expected harvest volumes, cuts 2014 guidance
As a result of its internal review, the company is realigning its strategy to sustainably manage its timberland resources, support long-term sustainable cash flow generation, effectively allocate capital and drive long-term shareholder value. The company intends to actively manage its timberlands to maximize net present value over the long term by achieving an optimal balance among biological timber growth, generation of cash flow from harvesting activities, and responsible environmental stewardship. Going forward, Rayonier’s harvesting strategy is designed to produce a long-term, sustainable yield, although it may adjust harvest levels periodically to capitalize on then-current economic conditions in its markets. Rayonier intends to selectively pursue timberland acquisition opportunities that improve the average productivity of its timberland holdings and support cash flow generation from harvesting activities. In Forest Resources, Rayonier anticipates full-year results to be comparable to 2013, with stronger prices in the U.S. South offset by lower prices in the U.S. Pacific Northwest and New Zealand largely due to lower export demand in the second half of the year, and by a reduction in fourth quarter Northwest harvest volumes as Rayonier implements its new strategy for achieving long-term sustainable yield. In Real Estate, Rayonier now expects full-year results to be approximately 15% below 2013, based on the anticipated timing of land sale closings originally forecasted for late 2014. Beyond 2014, Rayonier anticipates that U.S. housing will continue its gradual recovery, sawlog prices will continue to strengthen, and demand for logs in Asia will be strong over the long-term, benefiting its U.S. Pacific Northwest and New Zealand operations. While Rayonier expects these trends to result in stronger product prices over time, Rayonier’s results will be impacted by significantly lower harvest volume in the Northwest and by a planned reduction in sales of non-strategic timberland, consistent with its new strategy.
07:07 EDTRYNRayonier reduces regular quarterly dividend to 25c from 30c
Rayonier’s board of directors declared a fourth quarter cash dividend of 25c per common share, payable on December 31, to shareholders of record on December 17. This represents a 17% reduction from the third quarter dividend of 30c per common share, reflecting Rayonier’s expectation of reduced cash available for distribution due to lower expected annual harvest levels, as well as reduced reliance on sales of non-strategic timberlands to augment cash flow generation.
07:06 EDTRYNRayonier restates financial results Q1, Q2
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07:04 EDTRYNRayonier reports Q3 EPS 27c, consensus 19c
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06:46 EDTWFCRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
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