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Stock Market & Financial Investment News

News Breaks
March 10, 2014
06:12 EDTBTI, RAIReynolds American target raised to $66, added to Focus List at Citigroup
Citigroup raised its price target for Reynolds American (RAI) shares to $66 from $58 and added the stock to its U.S. Focus List following meetings with management. Citi's new target assumes the possibility that British American Tobacco (BTI) could purchase the remaining 58% of Reynolds it does not already own at a price of $70 per share. Citi keeps a Buy rating on the stock.
News For RAI;BTI From The Last 14 Days
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July 30, 2014
06:37 EDTRAI, BTIReport says tobacco tax regulation lost U.S. revenue, Reuters says
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July 29, 2014
07:14 EDTRAIReynolds American narrows FY14 adjusted EPS to $3.35-$3.45 from $3.30-$3.45
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07:13 EDTRAIReynolds American reports Q2 adjusted EPS 89c, consensus 87c
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July 28, 2014
15:47 EDTRAINotable companies reporting before tomorrow's open
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10:02 EDTRAIOn The Fly: Analyst Upgrade Summary
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07:13 EDTRAIReynolds American upgraded at RBC Capital
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06:38 EDTRAIReynolds American upgraded to Top Pick from Outperform at RBC Capital
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July 21, 2014
09:10 EDTRAIOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
July 19, 2014
19:44 EDTRAI R.J. Reynolds hit with $23.6B in damages in lung cancer case, WSJ says
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July 18, 2014
16:47 EDTRAIMarket ends week higher as earnings, M&A offset geopolitical tensions
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July 16, 2014
08:20 EDTRAI, BTICigarette makers focus on heavy users, seek growth from e-cigs, WSJ says
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06:38 EDTRAI, BTIE-cigarettes being sold in many flavors, NY Times says
Tobacco companies are offering e-cigarettes with hundreds of different flavors, such as banana cream pie and cotton candy, according to The New York Times. The FDA has banned most flavors in regular cigarettes, and the agency is studying the marketing and flavors of e-cigarettes, the newspaper noted. Publicly traded companies in the space include Altria Group (MO), British American Tobacco (BTI), Lorillard (LO), Philip Morris (PM) and Reynolds American (RAI). Reference Link

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