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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:02 EDTTSS, NTSP, GDOTGreen Dot climbs after competitor agrees to be acquired
Shares of prepaid debit card provider Green Dot (GDOT) are rising after the company's competitor, NetSpend Holdings (NTSP), announced last night that it had agreed to be acquired by Total System Services (TSS) for $16 per share. NetSpend's stock closed at $12.29 yesterday. However, in a note to investors earlier today, SunTrust analyst Andrew Jeffrey wrote that Green Dot is not likely to become a takeover target. Green Dot's valuation is similar to the level at which NetSpend was acquired, the analyst wrote. As a result, Green Dot's stock is unlikely to rise significantly, according to Jeffrey. Moreover, Green Dot is rapidly losing market share and is more exposed to retail customers than NetSpend, meaning that Green Dot is more vulnerable to falling prices and new competitors, the analyst believes. Finally, Green Dot owns a bank, and consequently only a bank holding company would be likely to acquire it, Jeffrey wrote. The analyst maintained a Reduce rating on Green Dot shares, which rose 44c, or 3%, to $15.07 in early trading.
News For GDOT;NTSP;TSS From The Last 14 Days
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July 30, 2015
10:00 EDTTSSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Outperform from Buy at CLSA... Baxter (BAX) downgraded to Market Perform from Outperform at Leerink... Changyou.com (CYOU) downgraded to Hold from Buy at Summit Research... Depomed (DEPO) downgraded to Neutral from Buy at Janney Capital... Euronet (EEFT) downgraded to Neutral from Buy at Monness Crespi... Foundation Medicine (FMI) downgraded to Market Perform at JMP Securities... Garmin (GRMN) downgraded to Underweight from Neutral at JPMorgan... Golden Star Resources (GSS) downgraded to Hold at Canaccord... Grainger (GWW) downgraded on negative catalysts at RBC Capital... Henry Schein (HSIC) downgraded to Hold from Buy at Evercore ISI... LINN Energy (LINE) downgraded to Market Perform from Outperform at Raymond James... LifeLock (LOCK) downgraded to Neutral from Buy at BofA/Merrill... LinnCo (LNCO) downgraded to Market Perform from Outperform at Raymond James... Manitowoc (MTW) downgraded to Hold from Buy at BB&T... PACCAR (PCAR) downgraded to Equal Weight on peak cycle concerns at Morgan Stanley... PG&E (PCG) downgraded to Neutral from Outperform at Credit Suisse... Pacer (PACR) downgraded to Equal Weight from Overweight at Morgan Stanley... Penn Virginia (PVA) downgraded to Sector Perform from Outperform at Scotia... Shutterfly (SFLY) downgraded to Market Perform at Raymond James... Terex (TEX) downgraded to Hold from Buy at BB&T... Total System (TSS) downgraded to Neutral at Baird... Whiting Petroleum (WLL) downgraded to Equal Weight from Overweight at Stephens... Whole Foods (WFM) downgraded to Equal Weight from Overweight at Morgan Stanley.
09:09 EDTTSSTotal System downgraded to Neutral at Baird
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06:29 EDTTSSTotal System downgraded to Neutral from Outperform at Baird
July 29, 2015
07:44 EDTTSSTotal System price target raised to $53 from $42 at Susquehanna
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July 28, 2015
16:19 EDTTSSTotal System raises FY15 EPS view to $2.25-$2.29, consensus $2.24
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16:03 EDTTSSTotal System reports Q2 EPS 58c, consensus 54c
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July 17, 2015
07:45 EDTTSSTotal System should beat consensus in Q2, says Stephens
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