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Stock Market & Financial Investment News

News Breaks
January 7, 2013
12:22 EDTORLY, AZO, PBYO'Reilly, peers fall after firm says sector to face more headwinds
O'Reilly Automotive (ORLY), which sells automotive aftermarket parts and equipment, is retreating after research firm Piper Jaffray downgraded the stock to Neutral from Overweight in a note to investors earlier today. A number of other companies in the same sector are also declining in the wake of Piper's downgrade. O'Reilly and its peers will face increased headwinds into 2014 and 2015, when fewer vehicles will be 6-12 years old, Piper wrote. Vehicles in that age range are the most likely to be repaired, the firm explained. The firm is also worried that waning auto parts inflation could hurt the sector, whose sales and margins have benefited from such inflation, according to the firm. Piper lowered its price target on the stock to $85 from $102. In early afternoon trading, O'Reilly declined $2.08%, or 2.27%, to $89.57, while The Pep Boys (PBY) dropped 2.52% to $10.04 and AutoZone lost 1.57% to $35.20.
News For PBY;AZO;ORLY From The Last 14 Days
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November 19, 2014
06:37 EDTAZOAutoZone ordered to pay $186M in damages to former female employee, WSJ says
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November 17, 2014
10:02 EDTORLYOn The Fly: Analyst Downgrade Summary
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08:44 EDTORLYO'Reilly Automotive downgraded to Hold from Buy at Gabelli
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November 14, 2014
10:00 EDTAZO, ORLYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with a Buy at Deutsche Bank... Advance Auto Parts (AAP) initiated with a Buy at Sterne Agee... AutoZone (AZO) initiated with an Underperform at Sterne Agee... Carter's (CRI) initiated with a Buy at Sterne Agee... Children's Place (PLCE) initiated with a Neutral at Sterne Agee... Container Store (TCS) initiated with a Fair Value at CRT Capital... DHT Holdings (DHT) initiated with a Buy at UBS... Diana Shipping (DSX) initiated with a Neutral at UBS... Genuine Parts (GPC) initiated with a Neutral at Sterne Agee... National Oilwell (NOV) initiated with a Neutral at UBS... Navios Acquisition (NNA) initiated with a Buy at UBS... NeoStem (NBS) assumed with a Buy at Maxim... O'Reilly Automotive (ORLY) initiated with a Neutral at Sterne Agee... Scorpio Bulkers (SALT) initiated with a Neutral at UBS... Star Bulk Carriers (SBLK) initiated with a Neutral at UBS... Teekay Tankers (TNK) initiated with a Buy at UBS... The Buckle (BKE) initiated with an Underweight at BB&T... TriMas (TRS) initiated with an Overweight at JPMorgan... TriplePoint Venture (TPVG) initiated with a Buy at UBS... Tsakos Energy (TNP) initiated with a Buy at UBS... USD Partners (USDP) initiated with an Outperform at Credit Suisse... Zumiez (ZUMZ) initiated with a Buy at BB&T.

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