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Stock Market & Financial Investment News

News Breaks
July 16, 2014
14:55 EDTMDAS, MDAS, MDAS, OPEN, OPEN, OPEN, PCLN, PCLN, PCLNMedAssets to replace OpenTable in S&P 600 as of 7/23 close
S&P 500 constituent The Priceline Group (PCLN) is acquiring OpenTable (OPEN) in a deal expected to be completed soon pending final conditions.
News For MDAS;OPEN;PCLN From The Last 14 Days
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January 23, 2015
07:21 EDTPCLNDeutsche cautious on travel stocks into Q4 results
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January 20, 2015
14:09 EDTPCLNOrbitz jumps after Bloomberg says company may be exploring sale
Shares of online travel agency Orbitz Worldwide (OWW) are jumping after Bloomberg reported that the company is exploring the possibility of selling itself. In a note to investors on January 7, research firm FBR Capital wrote that the company could be acquired for over $10 per share, WHAT'S NEW: Orbitz is exploring a potential sale and private equity firms have expressed interest in acquiring the online travel agency, Bloomberg reported today. ANALYST VIEW: On January 7, research firm FBR Capital estimated that Orbitz could be acquired for $10.27 per share. The firm noted that a trade publication, Tnooz.com, had reported that Orbitz could be considering selling itself. Expedia (EXPE) and Priceline (PCLN) could each pay a premium of 30%-plus for Orbitz and still see their profits rise from the acquisition, FBR added. It kept a $9 price target and Outperform rating on Orbitz. PRICE ACTION: In mid-afternoon trading, Orbitz climbed 69c, or 7.5%, to $9.85.
13:51 EDTPCLNOrbitz draws private equity interest as sale explored, Bloomberg says
Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and "other Internet companies," according to Bloomberg, citing people with knowledge of the matter. Shares of Orbitz are up over 10% after the report, while several other names in the online travel space, such as Priceline (PCLN), Expedia (EXPE), and TripAdvisor (TRIP) are also moving. Reference Link
13:43 EDTPCLNExpedia, TripAdvisor tick higher after report on Orbitz sale exploration
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08:21 EDTMDASMedAssets upgraded to Buy from Hold at Evercore ISI
Evercore ISI upgraded MedAssets to Buy based on recent share underperformance. Price target lowered to $21 from $24.
06:37 EDTMDASMedAssets upgraded to Buy from Hold at Evercore ISI
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January 16, 2015
10:01 EDTMDASOn The Fly: Analyst Downgrade Summary
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08:54 EDTMDASMedAssets downgraded at RW Baird on expectations for guidance miss
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06:17 EDTMDASMedAssets downgraded to Neutral from Outperform at RW Baird
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January 13, 2015
09:10 EDTMDASMedAssets sees FY14 adjusted EPS near midpoint of $1.34-$1.38 range
Sees FY14 adjusted EBITDA near low end of $234M-$238M range. Sees consolidated net revenue at midpoint of $715M-$721M range, consensus $716.44M. Says $28M in net revenue recognized in FY14 will not recur in FY15 due to conclusion of Barnabas RCM outsourcing agreement on December 31. Comments from slides that will be presented at the JP Morgan Healthcare Conference.
07:42 EDTMDASJPMorgan to hold a conference
33rd Annual Healthcare Conference is being held in San Francisco on January 12-15 with webcasted company presentations to begin on January 13 at 10:30 am; not all company presentations may be webcasted. Webcast Link

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