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Stock Market & Financial Investment News

News Breaks
September 24, 2012
10:25 EDTCP, GNW, SAAS, TFX, ASGNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Genworth (GNW) initiated with a Neutral at Macquarie... On Assignment (ASGN) initiated with an Outperform at Wells Fargo... On Assignment initiated with a Buy at BofA/Merrill... inContact (SAAS) initiated with an Overweight at Piper Jaffray... Canadian Pacific (CP) coverage resumed with an Overweight at Morgan Stanley... Teleflex (TFX) initiated with an Equal Weight at Barclays.
News For GNW;ASGN;SAAS;CP;TFX From The Last 14 Days
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June 30, 2015
12:08 EDTCPCanadian Pacific to buy 308K shares from armís length third party for C$55.8M
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08:09 EDTCPRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).

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