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Stock Market & Financial Investment News

News Breaks
February 3, 2014
07:33 EDTIVCInvacare announces amendment to credit agreement
Invacare announced that it has "successfully" amended its credit agreement effective January 31. The amended agreement provides the company with additional flexibility on its maximum leverage ratio financial covenant through September 30. The company said, "Over the first nine months of 2013, we reduced our debt outstanding by $179.2M to a total debt outstanding of $58.9M as of September 30, 2013. We are confident that we will successfully exit this challenging period and begin to regain our custom power wheelchair market share." The new maximum leverage ratio for the first three quarters of 2014 has been increased as compared to the prior credit agreement. In calculating the company's EBITDA for purposes of determining the ratios, the credit agreement amendment also allows the company to add back to EBITDA up to $20M for one-time cash restructuring charges, representing an incremental increase of $5M from prior credit agreement terms. In order to align its debt capacity and related costs with anticipated needs, the company also has reduced its revolving credit facility to $100M from $250M through the October 2015 maturity date of the facility.
News For IVC From The Last 14 Days
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October 24, 2014
10:03 EDTIVCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Align Technology (ALGN) upgraded to Buy from Hold at Jefferies... Brandywine Realty (BDN) upgraded to Buy from Hold at Stifel... Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Feltl... Carpenter Technology (CRS) upgraded to Overweight from Neutral at JPMorgan... Check Point (CHKP) upgraded to Buy from Hold at Needham... Diamond Offshore (DO) upgraded at ISI Group... Digital Realty (DLR) upgraded to Market Perform from Underperform at Cowen... EQT Corporation (EQT) upgraded to Buy from Neutral at SunTrust... Education Realty (EDR) upgraded to Buy from Hold at MLV & Co.... Gigamon (GIMO) upgraded to Neutral from Underperform at BofA/Merrill... Halliburton (HAL) upgraded to Buy from Neutral at Citigroup... Invacare (IVC) upgraded at KeyBanc... Knight Transportation (KNX) upgraded to Neutral from Underperform at Credit Suisse... Logitech (LOGI) upgraded to Buy from Neutral at UBS... Lorillard (LO) upgraded to Market Perform from Underperform at Cowen... Maxim Integrated (MXIM) upgraded to Buy from Hold at Deutsche Bank... NCR Corp. (NCR) upgraded to Neutral from Sell at Goldman... Nabors Industries (NBR) upgraded to Buy from Hold at Argus... Nucor (NUE) upgraded to Outperform from Underperform at CLSA... Old National Bancorp (ONB) upgraded to Buy from Neutral at DA Davidson... Plexus (PLXS) upgraded to Outperform from Market Perform at Raymond James... Potash (POT) upgraded to Buy from Hold at TD Securities... Reliance Steel (RS) upgraded to Buy from Hold at Jefferies... ResMed (RMD) upgraded to Outperform from Market Perform at William Blair... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Swift Transport (SWFT) upgraded to Buy from Hold at Stifel... Vulcan Materials (VMC) upgraded to Overweight from Equal Weight at Stephens... Weatherford (WFT) upgraded to Buy from Neutral at Citigroup.
07:56 EDTIVCInvacare upgraded at KeyBanc
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06:16 EDTIVCInvacare upgraded to Buy from Hold at KeyBanc
October 23, 2014
06:33 EDTIVCInvacare reports Q3 adjusted EPS (56c), consensus (26c)
Reports Q3 revenue $320.5M, consensus $331.60M.

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