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Stock Market & Financial Investment News

News Breaks
July 2, 2014
09:16 EDTSFLY, COCO, GLPI, STZ, KR, GBX, ISLE, TRN, VITC, RAX, VEOn The Fly: Pre-market Movers
HIGHER: Vitacost.com (VITC), up 27% after agreeing to be acquired by Kroger (KR) for $8.00 per share cash. Shares of Kroger are up/down xx% after confirming the news, which had been reported by The Wall Street Journal... Shutterfly (SFLY), up 14% after Bloomberg reported that the company has hired investment bank Qatalyst Partners to find a potential buyer... Rackspace (RAX), up 7% after TechCrunch reported that the company has been negotiating with a private equity firm to borrow capital for a deal that would take the company private... Isle of Capri (ISLE), up 13.7% after Deutsche Bank believes Gaming and Leisure Properties (GLPI) could pay $15.80 per share to acquire the casino company. Note that Reuters reported Monday that both companies have renewed merger talks... CASI Pharmaceuticals (CASI), up 7.7% after its hepatocellular carcinoma treatment was granted orphan drug status by the FDA... Greenbrier (GBX), up 8% after its earnings beat expectations and it boosted its full-year view. Shares of its peers Trinity Industries (TRN) are 3.4% higher as well... Constellation Brands (STZ), up 5.8% after being quarterly expectations and raising its FY15 comparable EPS view. LOWER: CalAmp (CAMP), down 13% after reporting quarterly results and second quarter guidance below analyst estimates... Corinthian Colleges (COCO), down 3.7% after saying it has not yet reached an agreement with the Department of Education, but adding that the parties continue to negotiate... Veolia Environment (VE), down 3% after the stock was downgraded to Equal Weight from Overweight at Morgan Stanley.
News For SFLY;RAX;VITC;TRN;ISLE;GBX;KR;STZ;GLPI;COCO;VE From The Last 14 Days
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October 21, 2014
07:46 EDTTRNTrinity Industries price target lowered to $55 from $60 at UBS
UBS lowered its price target on Trinity Industries to $55 from $60 following a jury verdict awarding $175M in damages and the potential for the award of treble damages under the False Claims Act. The firm expects Trinity to appeal the decision and believes the shares have already priced in headline risk. UBS is maintaining its Buy rating on Trinity, as the firm believes the company is best positioned to benefit from rising railcar orders.
05:56 EDTTRNStocks with implied volatility movement; EWZ TRN
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October 20, 2014
16:09 EDTTRNTrinity Industries provides statement on jury verdict
A jury in the U.S. District Court for the Eastern District of Texas returned a verdict against Trinity Industries in a False Claims Act case. The jury awarded $175M in damages. The company respects the jury's decision. However, Trinity believes the decision cannot and will not withstand legal scrutiny. The company strongly believes the courts will affirm its position.
15:56 EDTTRNJury finds Trinity defrauded government over guardrails, Bloomberg reports
A jury ruled Trinity Industries defrauded the government out of $175M by making cost cuts to its highway guardrail system and making the system more dangerous in the process, as alleged by a whistleblower, reported Bloomberg. Total liability may reach as much as $1B, as the damages to be awarded against the company will be tripled and added to a penalty to be determined by the judge, the report noted. Shares of Trinity are down over 10% to $32.39 in late afternoon trading following the ruling. Reference Link
15:25 EDTTRNTrinity Industries falls 9% following report of trial loss
15:25 EDTTRNTrinity Industries loses lawsuit over guardrails, Bloomberg reports
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14:06 EDTTRNTrinity Industries second guardrail trial goes to jury, Bloomberg says
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08:30 EDTSTZConstellation Brands initiated with a Buy at Pivotal Research
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October 16, 2014
17:30 EDTCOCOCorinthian Colleges enters into Forbearance and Consent Agreement
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October 15, 2014
10:02 EDTRAXOn The Fly: Analyst Upgrade Summary
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07:42 EDTRAX, RAXRackspace upgraded to Outperform from Sell at CLSA
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07:07 EDTCOCOFor profit education positive catalysts outweigh negative, says Wells Fargo
Wells Fargo expects for-profit education stocks to benefit from improved hiring trends and a sale by Corinthian of its assets that, according t othe firm ,would set a valuation floor for the sector. The firm continues to believe that the final gainful employment rule will be neutral to positive for the group. Wells favors the option value on the long side for the sector. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).
October 14, 2014
14:12 EDTSTZConstellation Brands files automatic mixed securities shelf
10:01 EDTRAXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AU Optronics (AUO) upgraded to Neutral from Sell at UBS... Antero Resources (AR) upgraded to Buy from Accumulate at KLR Group... BHP Billiton (BHP) upgraded to Neutral from Underperform at Credit Suisse... Bill Barrett (BBG) upgraded to Buy from Accumulate at KLR Group... BorgWarner (BWA) upgraded to Buy from Neutral at Goldman... CRH Plc. (CRH) upgraded to Buy from Neutral at Citigroup... Comstock Resources (CRK) upgraded to Buy from Accumulate at KLR Group... Cracker Barrel (CBRL) upgraded at Argus... Delphi Automotive (DLPH) upgraded to Buy from Neutral at Goldman... EOG Resources (EOG) upgraded at Bernstein... Eaton (ETN) upgraded to Overweight from Equal Weight at Barclays... Energizer (ENR) upgraded to Outperform from Market Perform at Wells Fargo... Energy Transfer Equity (ETE) upgraded to Outperform at RW Baird... Federal-Mogul (FDML) upgraded to Neutral from Sell at Goldman... Ford (F) upgraded to Neutral from Underperform at Buckingham... Gulfport Energy (GPOR) upgraded to Accumulate from Hold at KLR Group... Halcon Resources (HK) upgraded to Buy from Hold at KLR Group... HeartWare (HTWR) upgraded to Overweight from Neutral at Piper Jaffray... Helmerich & Payne (HP) upgraded to Outperform at FBR Capital... Legg Mason (LM) upgraded to Neutral from Underperform at BofA/Merrill... Level 3 (LVLT) upgraded to Buy from Hold at Gabelli... Magnum Hunter (MHR) upgraded to Buy from Hold at KLR Group... NetScout (NTCT) upgraded at DA Davidson... Netflix (NFLX) upgraded to Buy with $600 target at BTIG... Newfield Exploration (NFX) upgraded to Buy from Hold at KLR Group... Nielsen (NLSN) upgraded at Bernstein... Orbitz (OWW) upgraded to Outperform from Market Perform at FBR Capital... PDC Energy (PDCE) upgraded to Buy from Hold at KLR Group... Rackspace (RAX) upgraded to Buy from Hold at Evercore... Range Resources (RRC) upgraded to Accumulate from Hold at KLR Group... Rex Energy (REXX) upgraded to Buy from Accumulate at KLR Group... SM Energy (SM) upgraded to Buy from Accumulate at KLR Group... Sanchez Energy (SN) upgraded to Buy from Accumulate at KLR Group... Targa Resources (TRGP) upgraded to Buy from Accumulate at Tudor Pickering... Unilife (UNIS) upgraded to Buy from Neutral at Ladenburg... Universal Forest (UFPI) upgraded at Sterne Agee.
08:32 EDTTRNTrinity Industries valuation attractive opportunity, says KeyBanc
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06:17 EDTGBXGreenbrier conducting investigation into whistleblower claim
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05:50 EDTRAXRackspace upgraded to Buy from Hold at Evercore
October 13, 2014
09:23 EDTRAXHP could buy lower valuation company, says Bernstein
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09:21 EDTSFLYOn The Fly: Pre-market Movers
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07:01 EDTSFLYShutterfly volatility elevated into Silver Lake said to shelve effort to buy
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