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Stock Market & Financial Investment News

News Breaks
July 21, 2014
11:34 EDTGPCGenuine Parts raises FY14 EPS view to $4.54-$4.60 from $4.49-$4.59
Consensus is $4.60. Raises total 2014 revenue growth view to up 7%-8% from 6%-8%, consensus $15.09B.Says "cautiously optimistic" about outlook for industrial business over 2H. Sees tougher comps in 2H. Sees margins in 30% range for the balance of 2014. Sees FY tax rate in the 36%-36.3% range. Says "comfortable" with cash position at June 30. Sees FY cash from operations $950M, free cash flow $450M. Says first priority for cash is dividend; says will use cash to repay debt, acquisitions, repurchases. Will maintain dividend payout ratio ahead. Sees FY14 CapEx $130M-$140M. Says targeting bolt-on acquisitions in the $25M-$125M range. Says will remain active in share buybacks. Comments made on the Q2 earnings conference call.
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September 12, 2014
10:00 EDTGPCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Cedar Realty Trust (CDR) upgraded to Buy from Hold at KeyBanc... E.ON AG (EONGY) upgraded to Overweight from Neutral at JPMorgan... Genuine Parts (GPC) upgraded to Buy from Hold at BB&T... Inland Real Estate (IRC) upgraded at KeyBanc... Littelfuse (LFUS) upgraded to Outperform from Perform at Oppenheimer... Netflix (NFLX) upgraded to Equal Weight from Underweight at Barclays... Noranda Aluminum (NOR) upgraded to Buy from Neutral at Goldman... OCI Partners (OCIP) upgraded to Buy from Neutral at Citigroup... Ramco-Gershenson (RPT) upgraded at KeyBanc... Sprint (S) upgraded to Outperform from Market Perform at Cowen... T-Mobile (TMUS) upgraded to Buy from Hold at Argus... The Advisory Board (ABCO) upgraded to Outperform at Wells Fargo.
06:25 EDTGPCGenuine Parts upgraded to Buy from Hold at BB&T
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