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Stock Market & Financial Investment News

News Breaks
February 21, 2013
09:21 EDTPGProcter & Gamble sees FY13 share repurchases $5B-$6B, dividends >$6B
News For PG From The Last 14 Days
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April 29, 2015
07:18 EDTPGProcter & Gamble downgraded to Hold from Buy at Societe Generale
As previously reported, Societe Generale downgraded Procter & Gamble to Hold from Buy. Societe Generale downgraded shares following Q3 disappointing organic sales growth and said it will monitor progress on the portfolio transformation before becoming more constructive on shares. Price target lowered to $86 from $96.
06:06 EDTPGProcter & Gamble downgraded to Hold from Buy at Societe Generale
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April 27, 2015
10:00 EDTPGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 3D Systems (DDD) downgraded to Hold from Buy at Canaccord... Akorn (AKRX) downgraded to Neutral from Overweight at Piper Jaffray... Allegiant Travel (ALGT) downgraded to Fair Value from Buy at CRT Capital... Altera (ALTR) downgraded to Neutral from Outperform at Baird... Amazon.com (AMZN) downgraded on valuation at Argus... American Science & Engineering (ASEI) downgraded to Sell from Fair Value at CRT Capital... Basic Energy (BAS) downgraded to Underperform from Neutral at Macquarie... C.H. Robinson (CHRW) downgraded to Sell from Neutral at UBS... Celladon (CLDN) downgraded to Neutral from Buy at Roth Capital... DST Systems (DST) downgraded to Neutral from Outperform at Credit Suisse... DeVry (DV) downgraded on weaker than expected outlook at Stifel... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... Emerge Energy (EMES) downgraded to Hold from Buy at Wunderlich... FMC Technologies (FTI) downgraded to Accumulate from Speculative Buy at Global Hunter... Fibria Celulose (FBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Forum Energy (FET) downgraded to Neutral at Baird... Gulf Island Fabrication (GIFI) downgraded to Hold from Accumulate at Johnson Rice... Hancock Holding (HBHC) downgraded to Hold from Buy at Drexel Hamilton... Hi-Crush Partners (HCLP) downgraded to Hold from Buy at Wunderlich... Houghton Mifflin (HMHC) downgraded to Neutral from Buy at Citigroup (Friday)... Infosys (INFY) downgraded to Hold from Buy at Deutsche Bank... Marvell (MRVL) downgraded to Hold from Buy at Craig-Hallum... Merge Healthcare (MRGE) downgraded to Hold from Buy at Topeka... Oceaneering (OII) downgraded to Neutral from Buy at Goldman... Omega Healthcare (OHI) downgraded at BofA/Merrill... Perrigo (PRGO) downgraded to Neutral from Buy at UBS... Petrobras (PBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Procter & Gamble (PG) downgraded on lack of upside at CLSA... ResMed (RMD) downgraded to Neutral from Buy at Goldman... Seadrill (SDRL) downgraded to Sell from Neutral at Citigroup... Six Flags (SIX) downgraded to Neutral from Buy at Goldman... Stratasys (SSYS) downgraded to Hold at Canaccord... Telecom Italia (TI) downgraded to Neutral from Buy at BofA/Merrill... Twitter (TWTR) downgraded to Neutral from Buy at SunTrust... United Continental (UAL) downgraded to Fair Value from Buy at CRT Capital... Virgin America (VA) downgraded to Sell from Buy at CRT Capital.
08:16 EDTPGProcter & Gamble downgraded on lack of upside at CLSA
As previously reported, CLSA downgraded Procter & Gamble to Underperform from Outperform and lowered its price target to $81 from $90. The firm expects Procter & Gamble to continue to struggle with pricing in key international markets due to currency headwinds and said competitors are using FX tailwinds to promote new products. Additionally, CLSA said Procter & Gamble's brand divestiture program is a positive step to boost returns but is well anticipated by the market and likely dilutive.
07:45 EDTPG, PGProcter & Gamble downgraded to Underperform from Outperform at CLSA
April 23, 2015
16:49 EDTPGOn The Fly: Top stock stories for Thursday
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13:01 EDTPGOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday amid another deluge of earnings reports. Stocks began the session in negative territory and have remained there through the morning before crossing into positive ground right near noon. The averages gapped up after making it back to the green, putting the Nasdaq back above the all-time closing record it achieved in 2000. A question for the afternoon will be whether the average can hold on to set a new all-time closing high fifteen years later. ECONOMIC EVENTS: In the U.S., initial jobless claims inched up 1K to 295K in the week ended April 18, versus the expected 287K first-time claims. Markit's flash manufacturing PMI fell 1.5 points to 54.2 in April, versus expectations for it to hold steady at 55.7. New home sales dropped 11.4% to a 481K rate in March, versus expectations for a less severe 4.5% drop to a 515K rate. COMPANY NEWS: Shares of Time Warner Cable (TWC) slid about 1% after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, upgrading the stock this morning and saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal... Among members of the Dow that issued earnings reports this morning, Caterpillar (CAT) slid fractionally while 3M (MMM) and Procter & Gamble (PG) each fell about 2%. MAJOR MOVERS: Among the notable gainers was ARRIS (ARRS), which jumped 21% after the company agreed to acquire its competitor Pace for aggregate stock and cash consideration of $2.1B. Also higher following their earnings reports were Skechers (SKX), which rose nearly 13%, and Dunkin' Brands (DNKN), which gained 8.5%. Among the noteworthy losers was MobileIron (MOBL), which plunged 22% after the company warned of a Q1 revenue miss and announced the resignation of its CFO. Also lower following their earnings reports were Texas Instruments (TXN), which fell 7%, and General Motors (GM), which declined nearly 4%. INDEXES: Near midday, the Dow was up 81.31, or 0.45%, to 18,119.58, the Nasdaq was up 22.69, or 0.45%, to 5,057.86, and the S&P 500 was up 10.32, or 0.49%, to 2,118.28.
10:07 EDTPGProcter & Gamble sees FY15 capital spending 4%-5% of sales
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09:16 EDTPGBarclays believes Procter & Gamble could trade down today
Barclays said Procter & Gamble reported just 1% organic growth, a sequential deceleration and the slowest top-line growth in five years. The analyst believes investors will be frustrated by worsening fundamentals since the CEO transition and expects shares to trade sharply lower today.
09:16 EDTPGGoldman expects Procter & Gamble to trade lower
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08:56 EDTPGProcter & Gamble plans to reduce number, cut costs of ad agency accounts
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08:51 EDTPGP&G says will 'significantly' exceed cost savings goals set three years ago
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08:44 EDTPGProcter & Gamble says new company to consist of about 65 leading brands
Procter & Gamble says about 40 brands divested to date amid simplification plan of exiting about 100 brands. P&G sees having plans in place for remaining brands to be divested by as early as this summer and sees closing planned brand divestiture deals by roughly the end of fiscal 2016. Comments from P&G Q3 earnings conference call.
06:59 EDTPGProcter & Gamble backs FY15 core EPS to be down low single digits
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06:58 EDTPGProcter & Gamble took non-cash charge of $300M or 10c per share in Q3
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06:57 EDTPGProcter & Gamble to offset forex with pricing, mix enhancement, cost reduction
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06:56 EDTPGProcter & Gamble reports Q3 core EPS 92c, consensus 92c
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April 22, 2015
15:50 EDTPGNotable companies reporting before tomorrow's open
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15:12 EDTPGProcter & Gamble technical comments before earnings
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15:10 EDTPGEarnings Watch: Procter & Gamble to report Q3 results after forex warnings
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