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Stock Market & Financial Investment News

News Breaks
May 14, 2014
07:55 EDTRYL, RYL, BZH, BZH, LEN, LEN, KBH, KBH, WHR, WHR, WCIC, WCIC, TMHC, TMHC, HOV, HOV, CSTE, CSTEJPMorgan to hold a conference
7th Annual Homebuilding & Building Products Conference to be held in New York on May 14-15 with webcasted company presentations to begin on May 14 at 8 am. Webcast Link
News For RYL;BZH;LEN;KBH;WHR;WCIC;TMHC;HOV;CSTE From The Last 14 Days
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October 20, 2014
07:51 EDTLENLennar initiated with a Buy at Buckingham
Target $50.
07:51 EDTKBHKB Home initiated with a Buy at Buckingham
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October 14, 2014
12:35 EDTWHRWhirlpool completes purchase of majority interest in Indesit
Whirlpool Corporation's wholly owned subsidiary, Whirlpool Italia Holdings S.r.l., acquired a 56% stake in Indesit Company S.p.A., representing 61.9% of the voting stock of Indesit. Whirlpool acquired the shares under two share purchase agreements entered into on July 10 with Fineldo S.p.A. and members of the Merloni family. The acquisitions bring Whirlpool's stake in Indesit to 60.4%, representing 66.8% of the voting stock. Whirlpool Italia Holdings S.r.l. will now commence the steps to launch a mandatory tender offer for the remainder of Indesit's outstanding shares, with the intention to delist the company. The tender offer purchase price per share is equal to EUR 11.00/$13.89, based on exchange rates as of September 30. This price is equal to the share purchase price agreed to by the parties under the share purchase agreements and which was paid without adjustment. Additional information will be provided in the tender offer statement to be issued by Whirlpool Italia Holdings S.r.l. in compliance with Italian law.
October 13, 2014
12:16 EDTWHREuropean Commission approves Whirlpool acquisition of Indesit
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10:08 EDTWHR, KBHOn The Fly: Analyst Upgrade Summary
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07:11 EDTHOVHovnanian upgraded to Buy from Neutral at Compass Point
Compass Point upgraded Hovnanian to Buy given recent underperformance and history of outperformance when the sector bounces. Price target remains $4.50.
07:11 EDTKBHKB Home upgraded to Neutral from Sell at Compass Point
Compass Point upgraded KB Home to Neutral citing relative valuation and focus on lower price points. Price target raised to $15.50 from $13.50.
06:47 EDTWHRWhirlpool upgraded to Buy from Neutral at Longbow
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October 10, 2014
10:22 EDTLENLennar management to meet with JPMorgan
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09:31 EDTHOVHovnanian upgraded to Sector Perform from Underperform at FBN Securities
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09:30 EDTKBHKB Home upgraded to Outperform from Sector Perform at FBN Securities
FBN Securities upgraded KB Home to Outperform based on relative valuation and increased balance sheet leverage.
06:49 EDTWHRWhirlpool risks from Sears exposure overstated, says BofA/Merrill
BofA/Merrill said Whirlpool (WHR) concerns from Sears (SHLD) exposure are overdone and notes total revenues from Sears are approximately 9% of North American revenues. Shares are Buy rated.
October 8, 2014
10:00 EDTRYLOn The Fly: Analyst Downgrade Summary
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07:54 EDTRYLRyland Group downgraded at KeyBanc
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05:53 EDTRYLRyland Group downgraded to Underweight from Hold at KeyBanc
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October 7, 2014
09:02 EDTKBHKB Home acquires Houston property for Hollister Commons community
KB Home announced it has acquired land for a new community called Hollister Commons in Houstonís sought-after Spring Branch submarket. The community is anticipated to open in the summer of 2015.

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