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Stock Market & Financial Investment News

News Breaks
August 4, 2014
10:04 EDTPGN, DRII, LII, LJPCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Diamond Resorts (DRII) initiated with an Outperform at Imperial Capital... La Jolla (LJPC) initiated with a Buy at Jefferies... Lennox (LII) initiated with a Neutral at Credit Suisse... Paragon Offshore (PGN) initiated with an Equal Weight at Stephens.
News For DRII;LJPC;LII;PGN From The Last 14 Days
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April 1, 2015
11:06 EDTPGNParagon Offshore management to meet with Jefferies
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March 31, 2015
08:23 EDTLJPCLa Jolla coverage assumed with a Buy at Jefferies
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March 24, 2015
08:03 EDTLJPCLa Jolla initiates phase 3 trial of LJPC-501
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March 23, 2015
10:00 EDTLIIOn The Fly: Analyst Upgrade Summary
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06:03 EDTLIIU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).
05:49 EDTLIILennox upgraded to Equal Weight from Underweight at Barclays
Barclays upgraded Lennox to Equal Weight despite cutting its rating on the U.S. Industrial space to Neutral from Positive. The firm calls Lennox a more defensive name in the group and raised its price target for shares to $110 from $98.

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