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Stock Market & Financial Investment News

News Breaks
February 4, 2014
14:16 EDTMHFIMcGraw Hill Financial rallies after Q4 results and guidance
Shares of financial intelligence company and ratings provider McGraw Hill Financial (MHFI) are trading higher after the company's fourth quarter results surpassed analysts' expectations. The firm also introduced 2014 guidance. WHAT'S NEW: This morning, McGraw Hill Financial reported fourth quarter earnings per share of 81c on revenue of $1.25B, surpassing analysts' consensus estimates of 78c and $1.24B, respectively. The company also introduced fiscal year 2014 guidance of mid-teen earnings per share growth to $3.75 to $3.85, against analysts' consensus estimate of $3.75. McGraw Hill Financial also gave FY14 revenue guidance of mid single-digit growth and said it expects free cash flow for 2014 of approximately $1B. The company's president and chief executive officer Douglas Peterson commented, "2013 has been a momentous year for the company as we transformed McGraw Hill Financial into a more profitable, more growth-oriented company." He continued, "My focus will be on enhancing our customers' experience, thoughtfully broadening our presence in international markets, and delivering strong financial performance based both upon revenue growth and cost control." PRICE ACTION: In afternoon trading, McGraw Hill Financial shares are off their highs but still up about 3% to $76.57 on almost twice their average daily trading volume.
News For MHFI From The Last 14 Days
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November 17, 2014
10:02 EDTMHFIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CyrusOne (CONE) upgraded to Buy from Hold at Stifel... MGIC Investment (MTG) upgraded to Conviction Buy from Buy at Goldman... NuVasive (NUVA) upgraded to Outperform from Market Perform at Wells Fargo... Phillips 66 (PSX) upgraded to Outperform from Neutral at Credit Suisse... Pinnacle Foods (PF) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Outperform from Sector Perform at RBC Capital.. Thoratec (THOR) upgraded to Outperform from Market Perform at Wells Fargo... Volcano (VOLC) upgraded to Outperform from Neutral at Credit Suisse... Progressive Waste (BIN) upgraded to Neutral from Underperform at Macquarie... Clean Harbors (CLH) upgraded to Outperform from Neutral at Wedbush... McGraw Hill Financial (MHFI) upgraded to Buy from Hold at Benchmark Co... Chesapeake (CHK) upgraded to Outperform from Market Perform at Bernstein... American Science & Engineering (ASEI) upgraded to Fair Value from Sell at CRT Capital... Sony (SNE) upgraded to Overweight from Equal Weight at Morgan Stanley.
07:36 EDTMHFIMcGraw Hill Financial upgraded to Buy from Hold at Benchmark Co.
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