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Stock Market & Financial Investment News

News Breaks
February 6, 2014
07:18 EDTITW, CG, APOCarlyle beats Apollo in race for ITW unit, NY Post reports
According to the New York Post, Carlyle Group (CG) has won the auction to buy ITW’s (ITW) packaging business in a deal said to be worth more than $3B. Carlye is said to have beat out Apollo (APO) in the final round for the ITW unit. Reference Link
News For ITW;CG;APO From The Last 14 Days
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July 18, 2014
07:14 EDTCGBlackstone, KKR, TPG discussing deal collusion suit settlement, Reuters says
Blackstone (BX), KKR (KKR) and TPG Capital are in discussions to settle a U.S. case accusing the firms of conspiring not to outbid one another and other buyout companies on takeovers of firms, according to Reuters, citing two people familiar with the matter. If all three companies settled, the Carlyle Group (CG) would be the only private equity company still up against a trial among 11 firms originally accused of colluding in agreements before the financial crisis occurred. Reference Link
July 11, 2014
08:19 EDTAPOApollo Global valuation attractive after pullback, says BMO Capital
After meeting with Apollo Global's CFO, BMO Capital is upbeat about the company's outlook. The firm expects the company's credit business to be a growth driver for years to come, although its private equity business is expected to show very slow growth, according to BMO Capital. The firm raised its price target on the shares to $36 from $35 and keeps an Outperform rating,
July 10, 2014
11:21 EDTAPO, CGInternational Game Technology rises as GTECH reportedly prepares bid
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July 9, 2014
10:02 EDTCG, APOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
10:02 EDTITWOn The Fly: Analyst Upgrade Summary
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07:25 EDTITWIllinois Tool Works upgraded to Buy from Hold at Argus
Argus upgraded Illinois Tool Works based on mid-single-digit sales growth and margin expansion that should result in a accelerating earnings and buybacks. Price target is $102.
06:19 EDTCGCarlyle Group downgraded to Neutral from Buy at Citigroup
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06:16 EDTAPOApollo Global downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Apollo Global to Neutral citing higher uncertainty around rising rates. Citi lowered its price target for shares to $28 from $32.

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