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Stock Market & Financial Investment News

News Breaks
May 12, 2014
04:55 EDTIGT, IGT, IGT, MGM, MGM, MGM, MNTG, MNTG, MNTG, MCRI, MCRI, MCRI, GLPI, GLPI, GLPI, SGMS, SGMS, SGMS, BYI, BYI, BYI, PENN, PENN, PENN, BYD, BYD, BYD, CHDN, CHDN, CHDN, PNK, PNK, PNK, ISLE, ISLE, ISLEWells Fargo to hold a conference
5th Annual Wells Fargo Gaming Conference to be held in Las Vegas on May 12-14.
News For IGT;PNK;CHDN;BYD;PENN;BYI;SGMS;GLPI;MCRI;MNTG;MGM;ISLE From The Last 14 Days
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May 27, 2015
07:06 EDTSGMSScientific Games to provide Penn National Gaming with suite of systems
Scientific Games announced that Penn National Gaming's new Plainridge Park Casino will open with a broad suite of the company's systems and games solutions to drive casino revenue and operating efficiencies and empower an exceptional gaming experience for players. Plainridge Park Casino, scheduled to open in June 2015, selected Scientific Games as its exclusive partner for casino-management, player-tracking, and rewards systems. The new casino will also deploy a Bally play-management system, the first automated systems-based responsible gaming technology in the U.S.
May 20, 2015
08:37 EDTPENN, MGM, BYDMorgan Stanley to hold a conference
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May 19, 2015
16:39 EDTMGMLand and Buildings will not nominate slate at MGM 2015 annual meeting
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06:02 EDTMGMMGM Resorts signs agreement with Revionics
Revionics announced that MGM Resorts International has signed a multi-year agreement for Revionics Price Optimization to enhance retail pricing strategies throughout its U.S. properties, including Bellagio, MGM Grand, Mandalay Bay, The Mirage and other properties.
May 18, 2015
15:31 EDTPENNPenn National management to meet with JPMorgan
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10:01 EDTPENNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
07:39 EDTPENNPenn National upgraded to Buy from Neutral at Goldman
Goldman upgraded Penn National to Buy and raised its price target to $21 from $16. The firm expects new capacity, the Plainridge and Jamul projects, and the recently purchased Tropicana to drive EBITDA growth and multiple expansion.
May 15, 2015
07:43 EDTMGMGlass Lewis recommends MGM investors endorse Land & Buildings nominee
Land and Buildings Investment Management announced that Glass, Lewis & Co., an independent proxy voting advisory firm, has recommended that shareholders of MGM Resorts International vote on the GOLD proxy card to elect nominee Matthew Hart, saying: “In light of the company's prevalent shareholder return underperformance and undervaluation relative to peers, as well as lingering concerns with respect to capital allocation, financial discipline, accountability and overall boardroom culture, we believe the Dissident has established a case for change at the board level... In our view, L&B has presented a compelling opportunity for MGM to unlock substantial value through a potential REIT conversion and additional measures which would further de-lever the balance sheet." Jonathan Litt, Founder and CIO of Land and Buildings, said, “The fact that Glass Lewis is endorsing one of our nominees sends a clear message that change is needed in the MGM boardroom in order to deliver value for all shareholders. We are extremely gratified that Glass Lewis has agreed with so many of the points we have brought to light throughout this campaign, and encourage shareholders to follow the Glass Lewis recommendation and vote on the Gold proxy card.”
05:43 EDTMGMWynn Resorts downgraded to Equal Weight from Overweight at Barclays
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May 13, 2015
14:32 EDTPNK, GLPIISS recommends Pinnacle shareholders vote for six proposals protecting rights
UNITE HERE announced that proxy advisory firm Institutional Shareholder Services recommends shareholders of Pinnacle Entertainment (PNK) support six shareholder proposals aiming to protect shareholder rights in the event of a spin-off. The proposals address shareholder rights at any spin-off company, including management’s proposal to spin-off real estate assets into a new REIT, or Gaming and Leisure Properties’ (GLPI) alternative plan to spin-off an operating company and then acquire the remaining real estate assets. UNITE HERE submitted the package of corporate governance proposals for the May 19 Annual Meeting.
10:40 EDTMGMMGM Resorts says ISS recommends shareholders vote for all company nominees
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10:26 EDTMGMISS endorses all of MGM nominees in proxy fight, CNBC's Faber reports
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07:10 EDTIGTInternational Game reports GTECH S.p.A. Q1 EPS (16c), revenue $807.69M

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