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Stock Market & Financial Investment News

News Breaks
August 15, 2014
18:14 EDTGCIIcahn's recent stake in Gannett should reassure investors, Barron's reports
Carl Icahn recently disclosed a 6.63% stake in Gannett and urged the company to split. Gannett, however, already announced plans to split a week ago, thereby diminishing the potential impact of Icahn's action. Investors should be reassured nonetheless, as it signifies confidence in the potential growth of the company, which is trading below 14 times forward earnings and has a long term growth rate of 10%, Barron's reports. Reference Link
News For GCI From The Last 14 Days
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June 29, 2015
10:09 EDTGCIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Assured Guaranty (AGO) downgraded to Neutral from Buy at BTIG... Capital Bank (CBF) downgraded to Hold from Buy at Sandler O'Neill... F5 Networks (FFIV) downgraded to Neutral from Overweight at Piper Jaffray... First BanCorp (FBP) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Hold at Jefferies following spin-off... IBERIABANK (IBKC) downgraded to Hold from Buy at Sandler O'Neill... JPMorgan (JPM) downgraded to Perform from Outperform at Oppenheimer... KYTHERA (KYTH) downgraded to Market Perform from Outperform at Leerink... MBIA (MBI) downgraded to Neutral from Buy at BTIG... Macy's (M) downgraded to Sell from Buy at Deutsche Bank... MarketAxess (MKTX) downgraded to Underperform from Neutral at Macquarie... Nutrisystem (NTRI) downgraded to Market Perform from Outperform at Barrington... Park Sterling Bank (PSTB) downgraded to Hold from Buy at Sandler O'Neill... Popular (BPOP) downgraded to Neutral from Buy at Guggenheim... Qualcomm (QCOM) downgraded to Sell from Hold at Drexel Hamilton... SunTrust (STI) downgraded to Perform from Outperform at Oppenheimer... Ternium (TX) downgraded to Neutral from Buy at BofA/Merrill... Xoom (XOOM) downgraded to Neutral at Susquehanna... Youku Tudou (YOKU) downgraded to Underperform from Neutral at Mizuho.
07:53 EDTGCITEGNA announces completion of spinoff into two public companies
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07:52 EDTGCIGannett downgraded to Hold at Jefferies following spin-off
Jefferies continues coverage of Gannett (GCI) with a Hold rating, down from its prior Buy rating, and lowered its price target on post-spin Gannett to $39 from $15 following the spin from its parent entity Tegna (TGNA), which Jefferies initiated with a Buy rating and $35 price target this morning. The firm believes Gannett has the capacity and appetite to expand via acquisitions, but noted the timing of potential deal is still unknown, and that it expects the company to have limited organic growth, citing secular headwinds in publishing.
07:31 EDTGCIGannett completes previously announced spinoff transaction
Gannett Co. has completed the previously announced spin-off transaction, creating two publicly traded companies. The new Gannett, the largest and most diversified publishing company with a portfolio of 92 domestic media markets, Newsquest, a leading UK regional news publisher and our flagship national brand USA TODAY, is led by CEO Robert Dickey, former president of the Gannett U.S. Community Publishing Division. Also, Gannett announced the creation of its nationwide USA TODAY Media Network, the largest local-to-national media network in the U.S. The network will be powered by an integrated and award-winning news organization with deep roots in 92 communities plus USA TODAY, one of the most recognized national media brands. This follows the recent acquisition of 11 markets through Digital First Media, and further underscores the unmatched local-to-national capabilities of the company. The new Gannett will be virtually debt-free with a highly focused operational strategy and significant flexibility to make strategic acquisitions. The company will also continue to invest in innovative storytelling, advertising solutions and diversified business opportunities to deliver attractive returns for shareholders.
June 28, 2015
12:57 EDTGCITegna shares may advance 20% in one year, Barron's says
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June 23, 2015
18:00 EDTGCIS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
17:24 EDTGCI"new" Gannett to replace Quiksilver in S&P 600 as of 6/26 close
June 22, 2015
13:18 EDTGCITegna says Gannett CFO Victoria Harker to become CFO at company
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13:16 EDTGCITegna sees compound annual revenue growth 7%-9% within next 3 years
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08:16 EDTGCIGannett to host investor day
Investor Day on Gannett's upcoming separation into two publicly-traded companies, where Gannett will focus on the Publishing business and affiliated digital assets will be held in New York on June 22 at 12:30 pm. Webcast Link
08:11 EDTGCIGannett to host investor day
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