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Stock Market & Financial Investment News

News Breaks
June 1, 2013
14:54 EDTLINE, BRY, LNCOLINN Energy, LinnCo and Berry Petroleum provide update on merger
LINN Energy (LINE), LinnCo (LNCO) and Berry Petroleum (BRY) announced an update of the proposed timing of the pending merger transaction. The Registration Statement on Form S-4 remains under review by the SEC. The parties are working diligently to complete that process and anticipate filing a second amendment to the Form S-4 early next week. The parties now anticipate the shareholder and unitholder meetings to occur in Q313, with closing to follow shortly thereafter.
News For LINE;LNCO;BRY From The Last 14 Days
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February 12, 2016
09:59 EDTLNCO, LINEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aegerion (AEGR) downgraded to Underperform from Neutral at BofA/Merrill... Archer Daniels (ADM) downgraded to Hold from Buy at Argus... Bed Bath & Beyond (BBBY) downgraded to Perform from Outperform at Oppenheimer... Best Buy (BBY) downgraded to Perform from Outperform at Oppenheimer... Boeing (BA) downgraded to Neutral from Overweight at JPMorgan... CSX (CSX) downgraded to Market Perform from Outperform at Avondale... Comstock Resources (CRK) downgraded to Neutral from Buy at Ladenburg... EV Energy (EVEP) downgraded to Neutral from Buy at Ladenburg... FNFV (FNFV) downgraded to Market Perform from Outperform at Keefe Bruyette... Flowers Foods (FLO) downgraded to Hold from Buy at Deutsche Bank... Goldcorp (GG) downgraded to Sector Performer from Outperformer at CIBC... Group 1 Automotive (GPI) downgraded to Sector Weight from Overweight at KeyBanc... HSBC cuts Sprint (S) to sell, says competitors may make turnaround difficult... KAR Auction (KAR) downgraded to Neutral from Buy at Goldman... LINN Energy (LINE) downgraded to Sell from Neutral at Citi... LPL Financial (LPLA) downgraded to Market Perform from Outperform at Wells Fargo... Legacy Reserves (LGCY) downgraded to Neutral from Buy at Ladenburg... LinnCo (LNCO) downgraded to Sell from Neutral at Citi... Memorial Production (MEMP) downgraded to Neutral from Buy at Ladenburg... NetApp (NTAP) downgraded to Underweight from Neutral at Atlantic Equities... Netflix (NFLX) downgraded to Market Perform from Outperform at FBR Capital... Nu Skin (NUS) downgraded to Neutral from Buy at Sidoti... Oceaneering (OII) downgraded on multiple headwinds at RBC Capital... Och-Ziff Capital (OZM) downgraded to Neutral from Buy at Compass Point... Stone Energy (SGY) downgraded to Neutral from Buy at Ladenburg... Vanguard Natural (VNR) downgraded to Neutral from Buy at Ladenburg.
07:13 EDTLNCOLinnCo downgraded to Sell from Neutral at Citi
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07:11 EDTLINELINN Energy downgraded to Sell from Neutral at Citi
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February 11, 2016
10:01 EDTLNCOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Underperform from Market Perform at Bernstein... Apollo Investment (AINV) downgraded to Market Perform from Outperform at JMP Securities... Cabot Microelectronics (CCMP) downgraded to Neutral from Buy at Citi... Caesarstone (CSTE) downgraded to Equal Weight from Overweight at Barclays... Capital One (COF) downgraded to Neutral from Buy at BofA/Merrill... Discover (DFS) downgraded to Neutral on potential US slow-down at BofA/Merrill... Douglas Emmett (DEI) downgraded at Stifel... E.ON AG (EONGY) downgraded to Sell from Hold at Berenberg... Flowers Foods (FLO) downgraded on disappointing results at SunTrust... HCP (HCP) downgraded at Stifel... International Flavors (IFF) downgraded to Hold from Buy at Deutsche Bank... LinnCo (LNCO) downgraded to Sell from Hold at Stifel... LivePerson (LPSN) downgraded to Neutral from Buy at Roth Capital... MasterCard (MA) downgraded to Neutral from Buy at BofA/Merrill... Matrix Service (MTRX) downgraded to Sector Weight from Overweight at KeyBanc... Prospect Capital (PSEC) downgraded to Underperform at Raymond James... RWE AG (RWEOY) downgraded to Sell from Hold at Berenberg... Regions Financial (RF) downgraded to Equal Weight from Overweight at Morgan Stanley... Rush Enterprises (RUSHA) downgraded to Market Perform at Raymond James... Smith & Nephew (SNN) downgraded to Neutral at UBS... SolarCity (SCTY) downgraded to Equal Weight from Overweight at Barclays... Sotheby's (BID) downgraded on weak art market at Stifel... SunEdison Semiconductor (SEMI) downgraded to Sell from Neutral at Citi... Sunrun (RUN) downgraded to Equal Weight from Overweight at Barclays... Synovus (SNV) downgraded to Underweight from Equal Weight at Morgan Stanley... Tenaris (TS) downgraded to Underweight from Neutral at JPMorgan... Twitter (TWTR) downgraded to Hold from Buy at Topeka... Visa (V) downgraded to Neutral on possible US slow-down at BofA/Merrill... W.P. Carey (WPC) downgraded to Equalweight from Overweight at Capital One... Wendy's (WEN) downgraded to Neutral from Overweight at JPMorgan.
February 10, 2016
20:00 EDTLNCOLinnCo downgraded to Sell from Hold at Stifel
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February 8, 2016
09:36 EDTLINEActive equity options trading on open
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09:00 EDTLINEHedgeye analyst Kaiser says Linn, Chesapeake could go to zero, Barron's reports
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February 5, 2016
10:02 EDTLNCO, LINEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Ashford Hospitality Prime (AHP) downgraded to Neutral from Buy at SunTrust... Cascade Microtech (CSCD) downgraded to Hold from Buy at Craig-Hallum... Cinemark (CNK) downgraded to Neutral from Outperform at Credit Suisse... ConocoPhillips (COP) downgraded to Sector Perform from Outperform at Scotia Howard Weil... Credit Suisse (CS) downgraded to Equal Weight from Overweight at Morgan Stanley... Cree (CREE) downgraded to Neutral from Overweight at JPMorgan... Deckers Outdoor (DECK) downgraded to Neutral from Buy at BofA/Merrill... Esterline (ESL) downgraded to Hold from Buy at Canaccord... GrubHub (GRUB) downgraded to Perform from Outperform at Oppenheimer... Kohl's (KSS) downgraded to Underweight from Neutral at Atlantic Equities... LINN Energy (LINE) downgraded to Sell from Hold at Stifel... LinkedIn (LNKD) downgraded to Sector Perform from Outperform at RBC Capital... LinnCo (LNCO) downgraded to Sell from Hold at Stifel... Magellan Midstream (MMP) downgraded to Neutral from Outperform at Credit Suisse... Marathon Petroleum (MPC) downgraded to Neutral from Overweight at JPMorgan... Multi-Fineline (MFLX) downgraded to Hold from Buy at Needham... NIC Inc. (EGOV) downgraded to Market Perform from Outperform at Avondale... Outerwall (OUTR) downgraded to Neutral from Overweight at Piper Jaffray... PPL Corp. (PPL) downgraded to Hold from Buy at Deutsche Bank... PennyMac Mortgage (PMT) downgraded to Equal Weight from Overweight at Barclays... Pixelworks (PXLW) downgraded to Hold from Buy at Lake Street... Qorvo (QRVO) downgraded to Sell from Neutral at Citi... Ralph Lauren (RL) downgraded to Underperform from Neutral at BofA/Merrill... TrueBlue (TBI) downgraded on macro concerns at BMO Capital... WEC Energy (WEC) downgraded to Hold from Buy at Deutsche Bank.
09:19 EDTLINE, LNCOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tyson Foods (TSN), up 6.9%... Symantec (SYMC), up 9.1%... Ubiquiti (UBNT), up 20.2%... Lumentum (LITE), up 7.5%. DOWN AFTER EARNINGS: Tableau Software (DATA), down 42.8%... LinkedIn (LNKD), down 35.6%... Outerwall (OUTR), down 19.9%... Sierra Wireless (SWIR), down 24.4%... Deckers Outdoor (DECK), down 12.7%... Hanesbrands (HBI), down 13.3%. ALSO LOWER: LinnCo (LNCO), down 65% after announcing exploration of strategic alternatives... Linn Energy (LINE), down 59.2% after announcing exploration of strategic alternatives... Quotient (QTNT), down 17.9% after 4.44M share Secondary priced at $9.00... Hess (HES), down 10.2% after 25M share Spot Secondary priced at $39.00.
08:10 EDTLNCOLinnCo downgraded to Underperform from Market Perform at Raymond James
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08:10 EDTLINELINN Energy downgraded to Underperform at Raymond James
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07:57 EDTLINE, LNCOLinnCo downgraded to Sell from Hold at Stifel
Stifel downgraded LinnCo (LNCO) to Sell after it downgraded the shares of its subsidiary, Linn Energy LLC (LINE) , to Sell.
07:55 EDTLINELINN Energy downgraded to Sell from Hold at Stifel
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07:05 EDTLINELINN Energy downgraded to Sell from Neutral at Ladenburg
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06:19 EDTLINELINN Energy downgraded to Underperform from Market Perform at Raymond James
February 4, 2016
19:49 EDTLNCO, LINELINN Energy to explore strategic alternatives, draws remaining credit facility
LINN Energy (LINE) and LinnCo (LNCO) announced earlier that LINN has initiated a process to explore strategic alternatives to "strengthen its balance sheet and maximize the value of the company." CEO Mark Ellis commented, "Given commodity pricing pressure and the impact that market challenges are expected to have on our industry and the long-term financial outlook of our company, we believe it is prudent to explore opportunities to strengthen our balance sheet and ensure we have adequate financial flexibility to manage through prolonged commodity price headwinds... We currently have adequate resources to continue the efficient operations of our assets with the support of all our vendors, suppliers and partners while we work through these strategic alternatives." The company disclosed that it recently borrowed approximately $919M from its credit facility, which represented the remaining undrawn amount that was available.
19:17 EDTLNCOLinnCo downgraded to Sell from Hold at Stifel
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