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Stock Market & Financial Investment News

News Breaks
February 13, 2014
08:20 EDTNORNoranda announces filing with MO Commission to lock in lower electricity rate
Noranda Aluminum announced that its wholly owned subsidiary Noranda Aluminum has filed with the Missouri Public Service Commission a request to change the rate design for Ameren Missouri customers. The filing is supported by testimony of the United Steelworkers Union, community organizations and legislators. The filing is also supported by the Missouri Retailers Association, which includes large commercial consumers, and the Missouri Industrial Energy Consumers, representing large industrial consumers. The filing requests a rate design change that would reduce electricity costs at the company's aluminum smelter in New Madrid, Missouri. The company's filing requests an initial rate of $30 per megawatt hour for New Madrid. Under the proposed ten-year rate structure, New Madrid's power rate would not be subject to fuel adjustment charges, but would share in future rate increases granted to Ameren Missouri by the Commission, subject to a two percent cap for each general rate case. The rate design requested by the company is revenue-neutral to Ameren Missouri, and is expected to increase other consumers' rates by 1.8% or less.
News For NOR From The Last 14 Days
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September 12, 2014
10:00 EDTNOROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Cedar Realty Trust (CDR) upgraded to Buy from Hold at KeyBanc... E.ON AG (EONGY) upgraded to Overweight from Neutral at JPMorgan... Genuine Parts (GPC) upgraded to Buy from Hold at BB&T... Inland Real Estate (IRC) upgraded at KeyBanc... Littelfuse (LFUS) upgraded to Outperform from Perform at Oppenheimer... Netflix (NFLX) upgraded to Equal Weight from Underweight at Barclays... Noranda Aluminum (NOR) upgraded to Buy from Neutral at Goldman... OCI Partners (OCIP) upgraded to Buy from Neutral at Citigroup... Ramco-Gershenson (RPT) upgraded at KeyBanc... Sprint (S) upgraded to Outperform from Market Perform at Cowen... T-Mobile (TMUS) upgraded to Buy from Hold at Argus... The Advisory Board (ABCO) upgraded to Outperform at Wells Fargo.
05:57 EDTNORNoranda Aluminum upgraded to Buy from Neutral at Goldman
Goldman upgraded Noranda to Buy based on constructive view of the aluminum market, relative valuation, earnings power, and reduced balance sheet concerns. Price target raised to $7 from $4.80.

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