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Stock Market & Financial Investment News

News Breaks
July 23, 2014
06:24 EDTMJN, DANOYMead Johnson could be worth $120-$130 in a takeout, says Citigroup
Citigroup says a Wall Street Journal article yesterday about Danone (DANOY) launching a strategic review has renewed speculation in the company being a potential acquirer of Mead Johnson (MJN). Citi says a buyout of Mead is in the "realm of possibility," and it estimates the company is worth $120-$130 per share in a takeout. The firm raised its price target for Mead shares to $109 from $105 citing the company's revenue momentum following its Q2 results. Citi reiterates a Buy rating on Mead.
News For MJN;DANOY From The Last 14 Days
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October 23, 2014
07:36 EDTMJNMead Johnson reaffirms FY14 adjusted EPS $3.65-$3.72, consensus $3.72
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07:35 EDTMJNMead Johnson reports Q3 EPS 93c, consensus 90c
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07:34 EDTMJNMead Johnson reaffirms FY EPS guidance
October 22, 2014
15:37 EDTMJNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
12:44 EDTMJNOptions with increasing implied volatility: OCN MJN HSY
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10:30 EDTMJNMead Johnson volatility elevated into Q3 and outlook
Mead Johnson November call option implied volatility is at 40, January is at 31; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 23.
October 21, 2014
11:31 EDTMJNMead Johnson announces expansion of production capacity in Evansville
Mead Johnson Nutrition Company announced that it is expanding its production capacity and capabilities at its Evansville, Indiana, facility. These latest upgrades to the Evansville campus, including the renovation and repurposing of existing manufacturing space, as well as the installation of new production equipment, are scheduled to begin later this year. This investment further demonstrates Mead Johnsonís commitment to continuous innovation and responsiveness to evolving consumer needs.
October 20, 2014
16:20 EDTMJN, DANOYOn The Fly: Closing Wrap
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12:37 EDTDANOY, MJNOn The Fly: Midday Wrap
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10:14 EDTMJN, DANOYMead Johnson volatility elevated, Danone not carrying out a review for takeover
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09:22 EDTDANOY, MJNOn The Fly: Pre-market Movers
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06:07 EDTMJNMead Johnson downgraded to Hold from Buy at Deutsche Bank
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06:00 EDTMJN, DANOYDanone acquisition of Mead would not be well received, says Bernstein
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October 19, 2014
14:18 EDTDANOYFresenius, others explore bid for Danone medical nutrition unit, Reuters says
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13:21 EDTDANOY, MJNDanone says not carrying out review on Mead Johnson takeover, Reuters says
In response to reports on Friday that French food company Danone (DANOY) was pursuing a takeover of pediatric nutrition company Mead Johnson (MJN), Danone made a statement on Sunday saying that it was not carrying out a review of a Mead Johnson takeover, says Reuters. Reference Link
October 17, 2014
16:17 EDTMJN, DANOYOn The Fly: Closing Wrap
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12:57 EDTMJN, DANOYDanone to pursue takeover of Mead Johnson, sources say, Reuters reports
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12:48 EDTMJNMead Johnson calls active on Danone will pursue takeover report
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12:36 EDTMJN, DANOYDanone will pursue Mead Johnson takeover, sources say, Reuters reports
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October 15, 2014
08:28 EDTDANOYDanone reports Q3 like-for-like sales up 6.9% to EU 5.42B
Danone confirmed its 2014 targets of sale growth between 4.5%-5.5%, trading operating margin stable within a range of down 20bps and up 20bps and free cash-flow of around EU 1.5B excluding exceptional items.

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