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Stock Market & Financial Investment News

News Breaks
August 13, 2014
17:54 EDTPCPPrecision Castparts approves $1B expansion to existing share repurchase program
The board of Precision Castparts has approved a $1B expansion to the company's existing share repurchase program, effective immediately and continuing through September 30, 2016. As of August 12, the company had used $1.24B of the $1.5B authorized previously.
News For PCP From The Last 14 Days
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August 19, 2015
09:50 EDTPCPPrecision Castparts downgraded to Neutral from Buy at Citi
Citi last night downgraded Precision Castparts (PCP) to Neutral saying it does not see another potential buyer emerging to compete with Berkshire Hathaway (BRK.A). Berkshire's offer is likely a "good enough" outcome for Precision Castparts, CIti stated. It lowered its price target for shares to $235 from $246.
August 18, 2015
10:19 EDTPCPOptions with increasing implied volatility
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10:00 EDTPCPOn The Fly: Analyst Downgrade Summary
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06:12 EDTPCPPrecision Castparts downgraded to Neutral from Buy at UBS
UBS analyst David Strauss downgraded Precision Castparts (PCP) to Neutral saying a higher competing takeover bid to Berkshire Hathaway's (BRK.A) is unlikely to emerge. The analyst lowered his price target for Precision Castparts to $235 from $244.
August 17, 2015
10:55 EDTPCPOptions with increasing implied volatility
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August 16, 2015
13:20 EDTPCPBerkshire Hathaway could see boost from Castparts deal, Barron's says
Berkshire Hathaway's (BRK.A, BRK.B) agreement to acquire Precision Castparts (PCP) looks like a "good -- not great" deal for Berkshire and could yield attractive returns for the company, Barron's contends in its 'Follow Up' column. Reference Link

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