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Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:00 EDTAIG, BMRC, AJG, SANM, FTNT, MT, MLM, DFS, TCBI, SBH, CORR, BPESF, VMC, PCL, LUV, MXIM, CBMOn 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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March 2, 2015
14:31 EDTAJGArthur J. Gallagher acquires Excel Insurance Services, Metcom Excess
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11:42 EDTMTArcelorMittal files automatic mixed securities shelf
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March 1, 2015
17:22 EDTVMCVulcan Materials shares could rally over 50%, Barron's says
Vulcan Materials shares could rally over 50% as the company's cash flow returns, Barron's contends in a feature article. The company is also looking to achieve an investment-grade credit rating, the paper adds. Reference Link
February 27, 2015
21:14 EDTDFSDiscover management to meet with William Blair
Group luncheon to be held in New York on March 6 at 12:30 pm hosted by William Blair.
13:23 EDTAIGAIG announces death of Robert H. Benmosche
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February 26, 2015
10:00 EDTVMCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASUR Airports (ASR) upgraded to Sector Perform from Underperform at Scotia Capital... AcelRx (ACRX) upgraded to Buy from Neutral at Mizuho... AllianceBernstein (AB) upgraded to Buy from Neutral at BofA/Merrill... American Express (AXP) upgraded to Buy from Hold at Deutsche Bank... Argus upgraded Sonoco (SON) on multiple positive catalysts... Columbia Property (CXP) upgraded to Neutral from Sell at Goldman... Deutsche sees American Express (AXP) as undervalued, upgrades to Buy... Eldorado Gold (EGO) upgraded to Neutral from Sell at Goldman... Genesee & Wyoming (GWR) upgraded to Buy from Neutral at BofA/Merrill... Gruma (GMK) upgraded to Overweight from Equal Weight at Barclays... Isle of Capri (ISLE) upgraded to Outperform from Neutral at Macquarie... JAKKS Pacific (JAKK) upgraded at B. Riley... QTS Realty Trust (QTS) upgraded to Buy from Hold at Deutsche Bank... Sonoco (SON) upgraded to Buy from Hold at Argus... T-Mobile (TMUS) upgraded to Buy from Neutral at Citigroup... Vulcan Materials (VMC) upgraded at RBC Capital.
08:09 EDTVMCVulcan Materials upgraded at RBC Capital
As noted earlier, RBC Capital upgraded Vulcan Materials to Outperform from Sector Perform. As reasons for the upgrade, the firm cited improving demand for the company's products and its increased emphasis on returning cash to shareholders. The firm thinks the company is in the early stages of a multi=year recovery. Target to $93 from $82.
06:46 EDTDFSDeutsche sees American Express as undervalued, upgrades to Buy
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06:42 EDTLUVSouthwest completes inspections on 85 of 128 grounded planes, WSJ says
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06:23 EDTVMCVulcan Materials upgraded to Outperform from Sector Perform at RBC Capital
February 25, 2015
06:10 EDTLUVFAA will allow Southwest to fly planes that missed inspection, WSJ reports
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February 24, 2015
10:28 EDTFTNTAnalyst sees 'massive' IT security upgrade cycle still in early innings
A number of trends are spurring businesses and the government to spend aggressively on cyber security offerings, benefiting companies in the IT security sector, wrote research firm FBR Capital in a note to investors today. In conjunction, the firm raised its price target on a number of stocks in the sector. WHAT'S NEW: After conducting checks, FBR Capital analyst Daniel Ives believes that spending on advanced cyber security products has increased this quarter. The ongoing series of well-publicized cyber attacks on large companies is causing businesses to become more concerned about protecting themselves from this threat, according to Ive, who believes that advanced IT security products have "massive," once in a multi-decade growth potential. Data points indicate that enterprises are looking to buy more advanced firewall/cloud security solutions, while the sizes of purchases by customers in the space have increased. Meanwhile, given the high priority that the Obama administration has placed on cyber security, the federal government's spending on IT security is likely to rise in the coming quarters and years, Ives wrote. Forecasting a 20% increase in overall cyber security spending this year, the analyst believes that the following companies should benefit disproportionately from the positive trends, since they have "the right products at the right time:" Palo Alto (PANW), FireEye (FEYE), Proofpoint (PFPT), Check Point (CHKP), and Fortinet (FTNT). The analyst raised his price target on Fortinet to $39 from $36, on Palo Alto to $160 from $121, on Proofpoint to $67 from $60, and on Check Point to $93 from $85. He kept Outperform ratings on all the stocks named. WHAT'S NOTABLE: In its own note to investors, RBC Capital said it expects Palo Alto to report stronger than expected Q2 results, driven by "impressive" revenue and margin improvements. The firm raised its price target on the shares to $150 from $145 and kept an Outperform rating on the stock. PRICE ACTION:In early trading, Palo Alto added 0.2% to $138.41, FireEye advanced 1.2% to $43.87, Proofpoint lost slipped fractionally to $56.55, Check Point rose 0.5% at $82.77, and Fortinet gained 1.3% to $33.76.
09:16 EDTFTNTFortinet price target raised to $43 from $37 at BofA/Merrill
BofA/Merrill recommends focusing on Fortinet given 2015 revenue growth acceleration and margin improvement. The firm said Fortinet trades significantly below the peer group but is exhibiting accelerating billings and revenue growth and strong demand for new products. The firm reiterates its Buy rating and raised its price target to $43 and views downside as limited.
08:32 EDTFTNTFBR checks show strong cybersecurity deal momentum
FBR Capital raised its price targets in the next-generation cybersecurity space after its channel checks showed strong deal momentum so far in the March quarter. The firm believes the "massive upgrade cycle" for next-generation cybersecurity remains in the early days. It raised its price target for Fortinet (FTNT) to $39 from $36, for Palo Alto (PANW) to $160 from $121, for FireEye (FEYE) to $53 from $45, for Proofpoint (PFPT) to $67 from $60 and for Check Point (CHKP) to $93 from $85.
08:31 EDTSANMSanmina's Costa Mesa facility awarded AS9100C certification
Sanmina announced its Costa Mesa, California facility has been awarded the AS9100C certification for high technology PCB, flex and rigid flex circuit boards used in aerospace and defense electronics equipment. Achieving the AS91000C certification enables Sanmina to produce PCB's and flex circuits for advanced defense and aerospace equipment, including avionics and satellite electronics. The AS9100C certification is an internationally recognized standard focused on improving quality systems throughout the defense and aerospace supply chain.
07:31 EDTMXIMMaxim Integrated management to meet with Deutsche Bank
Meeting to be held in New York on February 24 hosted by Deutsche Bank.
February 23, 2015
10:15 EDTFTNTCyberArk sinks after JPMorgan analyst cuts rating to sell
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07:52 EDTMXIMMaxim Integrated management to meet with Deutsche Bank
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February 20, 2015
12:08 EDTVMCVulcan Materials to host investor day
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February 19, 2015
09:59 EDTLUVOn The Fly: Analyst Initiation Summary
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