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Stock Market & Financial Investment News

News Breaks
April 4, 2014
07:41 EDTLINELINN Energy downgraded to Neutral from Buy at Citigroup
Citigroup downgraded LINN Energy to Neutral after resuming coverage of the stock citing a lack of distribution growth. Citi lowered its price target for shares to $32 from $41.50.
News For LINE From The Last 14 Days
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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 EDTLINEOn 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 EDTLINEOn 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 EDTLINELINN Energy downgraded to Underperform at Raymond James
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07:57 EDTLINELinnCo 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 EDTLINELINN 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.

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