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Stock Market & Financial Investment News

News Breaks
November 21, 2012
09:59 EDTBIN, WBS, PENN, FMER, THOR, NRGY, MTL, FRC, SKX, GLREOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Greenlight Capital Re (GLRE) upgraded to Buy from Neutral at UBS... Inergy, L.P. (NRGY) upgraded to Outperform from Neutral at RW Baird... Penn National (PENN) upgraded to Buy from Neutral at Lazard Capital... Skechers (SKX) upgraded to Positive from Neutral at Susquehanna... Thoratec (THOR) upgraded to Outperform from Market Perform at Wells Fargo... Webster Financial (WBS) upgraded to Equal Weight from Underweight at Morgan Stanley... First Republic Bank (FRC) upgraded to Buy from Hold at Jeffries... FirstMerit (FMER) upgraded to Buy from Hold at Sandler ONeill... Progressive Waste (BIN) upgraded to Outperform from Sector Perform at Scotia Capital... Mechel (MTL) upgraded to Hold from Sell at Deutsche Bank.
News For GLRE;NRGY;PENN;SKX;THOR;WBS;FRC;FMER;BIN;MTL From The Last 14 Days
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July 2, 2015
08:57 EDTPENNPenn National Plainridge casino expectations too high, says Morgan Stanley
Morgan Stanley believes Penn National Plainridge Park casino consensus expectations for $250M revenue and $60M EBITDA in 2016 are too high. The firm said other city property openings within proximity suggest lower win, unit and spend, and will likely face capacity issues. Morgan Stanley rates Penn National an Underweight with a $15 price target and says risk/reward is unfavorable.
July 1, 2015
06:22 EDTFRCValley National upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded Valley National (VLY) to Neutral saying interest rates being "low for long" could drive bank stocks above fair value at least over the short-term. The firm raised its price target for Valley to $11 from $9.50. JPMorgan also upgraded BankUnited (BKU) this morning to Overweight. Its top picks in the U.S. Mid- and Small-Cap Banks space are SVB Financial (SIVB), KeyCorp (KEY) and First Republic (FRC).
June 30, 2015
05:35 EDTMTLMechel certified rails to be supplied to Russian railways
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June 29, 2015
08:48 EDTMTLMechel supplies steel for construction of Power of Siberia, Altai gas pipelines
Mechel OAO reports supplying rebar, structural shapes and hardware rolls for construction of Power of Siberia and Altai gas pipelines. Mechel's products are used to produce ferroconcrete weights manufactured by Berezovsky Structural Construction Plant for laying major mainline pipelines of national importance — Power of Siberia and Altai. The ferroconcrete weights are installed on pipes up to 1,420mm in diameter and are used to balance oil and gas pipelines when crossing over swamps, rivers and other water barriers, not allowing the pipes to float up to the surface. Most of the steel products supplied were produced at Chelyabinsk Metallurgical Plant.
June 26, 2015
09:32 EDTPENNNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 24, 2015
09:13 EDTPENNPenn National’s Plainridge Park Casino debuts as Massachusetts’ first casino
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June 23, 2015
05:39 EDTMTLMechel reports Q1 steel production up 7% to 1.1M tonnes
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June 22, 2015
17:03 EDTGLREGreenlight Capital files automatic mixed securities shelf
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