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Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:00 EDTMLM, DFS, TCBI, SBH, CORR, BPESF, VMC, PCL, LUV, MXIM, CBM, AIG, BMRC, AJG, SANM, FTNT, MTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ArcelorMittal (MT) upgraded to Outperform from Sector Perform at RBC Capital... Cambrex (CBM) upgraded to Overweight from Equal Weight at First Analysis... CorEnergy (CORR) upgraded to Buy from Neutral at BofA/Merrill... Fortinet (FTNT) upgraded to Outperform from Market Perform at JMP Securities... Maxim Integrated (MXIM) upgraded to Overweight from Equal Weight at Barclays... Sally Beauty (SBH) upgraded to Buy from Neutral at Sterne Agee... Sanmina (SANM) upgraded to Buy from Hold at Needham... Southwest (LUV) upgraded to Outperform from In-Line at Imperial Capital... Texas Capital (TCBI) upgraded to Buy from Neutral at SunTrust... Arthur J. Gallagher (AJG) upgraded to Outperform from Neutral at Macquarie... Plum Creek Timber (PCL) upgraded to Buy from Neutral at DA Davidson... Discover (DFS) upgraded to Overweight from Equal Weight at Morgan Stanley... Bank of Marin (BMRC) upgraded to Outperform from Market Perform at Fig Partners... Enterprise Financial upgraded to Outperform from Market Perform at Fig Partners... Vulcan Materials (VMC) upgraded to Buy from Hold at Stifel... Martin Marietta (MLM) upgraded to Buy from Hold at Stifel... AIG (AIG) added to US 1 List at BofA/Merrill... Banco Popular (BPESF) upgraded to Outperform from Neutral at Credit Suisse.
News For MT;CBM;CORR;FTNT;MXIM;SBH;SANM;LUV;TCBI;AJG;PCL;DFS;BMRC;VMC;MLM;AIG;BPESF From The Last 14 Days
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January 26, 2016
10:39 EDTAIGAIG CEO says clients depend on its scale
AIG CEO says "before you value us against peers, you need to choose the right peers." Hancock says the company has been listening to "all of its shareholders" and increased its transparency in reaction. AIG CEO Peter Hancock is speaking on CNBC.
10:00 EDTFTNTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Amec Foster Wheeler (AMFW) downgraded to Hold from Buy at HSBC... CVR Refining (CVRR) downgraded to Sell from Neutral at Goldman... Cenovus Energy (CVE) downgraded to Neutral from Buy at UBS... Clean Harbors (CLH) downgraded to Underperform from Market Perform at Raymond James... Core Laboratories (CLB) downgraded to Reduce from Hold at HSBC... Delek US (DK) downgraded to Neutral from Buy at Goldman... Deutsche Post (DPSGY) downgraded to Underperform from Outperform at Credit Suisse... Disney (DIS) downgraded to Neutral on reduced ESPN forecasts at Atlantic Equities... Dorian LPG (LPG) downgraded to Market Perform from Outperform at Wells Fargo... Encana (ECA) downgraded to Neutral from Buy at UBS... Fortinet (FTNT) downgraded to Hold from Buy at Deutsche Bank... Fortune Brands (FBHS) downgraded to Neutral from Outperform at Credit Suisse... General Growth (GGP) downgraded to Equal Weight from Overweight at Barclays... Golden Ocean (GOGL) downgraded to Underweight from Neutral at JPMorgan... Grupo Mexico (GMBXF) downgraded to Neutral from Overweight at JPMorgan... Halliburton (HAL) downgraded to Hold from Buy at HSBC... Marketo (MKTO) downgraded to Underperform at BofA/Merrill... Navios Maritime (NM) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Underperform at BofA/Merrill... OM Asset Management (OMAM) downgraded to Equal Weight at Morgan Stanley... Paylocity (PCTY) downgraded to Underperform from Neutral at BofA/Merrill... Pennsylvania REIT (PEI) downgraded to Underweight from Equal Weight at Barclays... Pinnacle West (PNW) downgraded to Hold from Buy at Evercore ISI... Public Storage (PSA) downgraded to Equal Weight from Overweight at Barclays... Red Hat (RHT) downgraded to Neutral from Buy at BofA/Merrill... Regal Entertainment (RGC) downgraded on valuation at RBC Capital... Rouse Properties (RSE) downgraded to Equal Weight from Overweight at Barclays... Star Bulk Carriers (SBLK) downgraded to Neutral from Overweight at JPMorgan... Stratasys (SSYS) downgraded to Neutral from Overweight at JPMorgan... Subsea 7 (SUBCY) downgraded to Reduce from Hold at HSBC... US Ecology (ECOL) downgraded to Market Perform from Outperform at Raymond James... USG (USG) downgraded to Underperform from Neutral at Credit Suisse... Vornado (VNO) downgraded to Equal Weight from Overweight at Barclays... Weir Group (WEIGY) downgraded to Underperform from Hold at Jefferies.
10:00 EDTSBH, SANMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded on valuation, 2017 outlook at RBC Capital... America Movil upgraded to Overweight from Equal Weight at Morgan Stanley... BNC Bancorp (BNCN) upgraded to Buy from Hold at Gabelli... Casella Waste (CWST) upgraded to Strong Buy from Outperform at Raymond James... Cenovus Energy (CVE) upgraded to Buy from Neutral at Goldman... Cracker Barrel (CBRL) upgraded to Buy from Neutral at SunTrust... D.R. Horton (DHI) upgraded to Buy from Hold at Zelman... Edison International (EIX) upgraded to Buy from Hold at Evercore ISI... First Financial Bancorp (FFBC) upgraded to Buy from Hold at Sandler O'Neill... Hartford Financial (HIG) upgraded to Overweight from Neutral at Atlantic Equities... Heartland Financial (HTLF) upgraded to Buy from Hold at Sandler O'Neill... MFA Financial (MFA) upgraded to Overweight from Neutral at JPMorgan... National General (NGHC) upgraded to Overweight at Morgan Stanley... Navios Maritime Partners (NMM) upgraded to Overweight from Neutral at JPMorgan... PG&E (PCG) upgraded to Buy from Hold at Evercore ISI... SBA Communications (SBAC) upgraded to Buy from Hold at Stifel... Sally Beauty (SBH) upgraded to Outperform from Perform at Oppenheimer... Sanmina (SANM) upgraded to Neutral from Sell at Citi... Scorpio Bulkers (SALT) upgraded to Overweight from Neutral at JPMorgan... Southern Company (SO) upgraded to Hold from Sell at Evercore ISI... Southern Copper (SCCO) upgraded to Overweight from Neutral at JPMorgan... Vodafone (VOD) upgraded to Buy from Hold at Jefferies.
09:15 EDTSANMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Sprint (S), up 19.5%... Rambus (RMBS), up 8%... Freeport-McMoRan (FCX), up 11.3%... Sanmina (SANM), up 9.9%... Coach (COH), up 4.9%. ALSO HIGHER: Firstmerit (FMER), up 21.5% following the merger announcement with Huntington Bancshares (HBAN). DOWN AFTER EARNINGS: Polaris (PII), down 4.2%. ALSO LOWER: Huntington Bancshares, down 6.8% after announcing a merger with Firstmerit. Stratasys (SSYS), down 3.7% after being downgraded to Neutral from Overweight at JPMorgan.
09:07 EDTLUVSouthwest announces retirement of Chief Marketing Officer Kevin Krone
Southwest Airlines announced that Kevin Krone, Vice President & Chief Marketing Officer will retire from the carrier, effective Feb. 15, 2016.
08:49 EDTAIGAIG rallies in pre-market
The shares are up over 2.5% to $56.75 at time of writing in pre-market trading. This move up may break the short-term downtrend which would be bullish for future price. At current price next resistance is at $57.78. Support is at $55.91.
07:06 EDTAIGAIG sees consolidated normalized ROE about 9% by 2017
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07:04 EDTAIGAIG to pursue IPO of United Guaranty Corp in mid-2016
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07:04 EDTAIGAIG believes a full breakup in near-term would detract from shareholder value
With these actions, AIG has taken another major step in simplifying our organization to be a leaner, more profitable insurer, while continuing to return capital to shareholders and improve shareholder returns," said President and CEO Peter Hancock. "The creation of more nimble, standalone business units that can grow within AIG or be spun out or sold allows us to do what is in our shareholders' best interests." Douglas M. Steenland, AIG's Non-Executive Chairman, said, "The Board's actions reflect its full support for the plans that Peter Hancock and his management team have put forward, and we are aligned that these steps will deliver strong results while creating more options for shareholder value creation in subsequent years. After careful consideration, AIG believes that a full breakup in the near term would detract from, not enhance, shareholder value. A lack of diversification benefits would reduce capital available for distribution, and there would be a loss of tax benefits. Being a non-bank SIFI is not currently a binding constraint on return of capital," said Mr. Steenland.
07:03 EDTAIGAIG says board approves organizational changes, including nine 'modular' units
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07:03 EDTAIGAIG announces targeted expense reductions of $1.6B within two years
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07:03 EDTAIGAIG board committs to return at least $25B to shareholders over next two years
The Board of Directors has committed to return at least $25 billion of capital to shareholders over the next two years via buybacks and dividends without compromising the utilization of the Company's deferred tax assets; approved the IPO of up to 19.9% of United Guaranty Corporation as a first step towards a full separation; and approved the sale of AIG Advisor Group to Lightyear Capital LLC and PSP Investments.
07:02 EDTAIGAIG announces actions, organizational changes to create leaner insurer
07:02 EDTAIGAIG says strengthens reserves by $3.6B pre-tax in Q4
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07:01 EDTAIGAIG to sell AIG Advisor Group to Lightyear Capital, PSP Investments
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07:01 EDTAIGAIG to sell AIG Advisor Group to Lightyear Capital, PSP Investments
06:26 EDTSANMFlex added to U.S. Focus List at Citi
Citi analyst Jim Suva added Flex to his firm's U.S. Focus List. The analyst cites positive read-throughs from peers Sanmina (SANM) and Plexus (PLXS) as well as stronger stock repurchases. Suva this morning upgraded Sanmina to Neutral. The analyst has a Buy rating on Flex with a $14 price target.
06:23 EDTSANMSanmina upgraded to Neutral from Sell at Citi
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06:20 EDTSBHSally Beauty upgraded to Outperform from Perform at Oppenheimer
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05:57 EDTFTNTFortinet downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Imtiaz Koujalgi downgraded Fortinet to Hold saying his Q4 channel checks indicated a slowdown in momentum. The analyst sees downside risk to expectations and cut his price target for the shares to $34 from $49.
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