Sanofi interested in buying back L'Oreal stake, Reuters reports L'Oreal (LRLCY) holds a 9% stake in Sanofi (SNY). Buying it back could be "very accretive," although the idea remains speculative as the $12B holding isn't yet up for sale, says Sanofi CEO Chris Viehbacher, reports.Reuters. A deal could provide Sanofi with a beneficial lift as it seeks to return to growth after a tough 2013 that included problems in Brazil and a number of product setbacks. Reference Link
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Underperform from Outperform at Exane BNP Paribas... Baxter (BAX) downgraded to Neutral from Outperform at Credit Suisse... Carter's (CRI) downgraded to Buy from Conviction Buy at Goldman... Fiat Chrysler (FCAU) downgraded to Neutral from Outperform at Exane BNP Paribas... H&E Equipment (HEES) downgraded to Sector Weight from Overweight at KeyBanc... L'Oreal (LRLCY) downgraded to Sell from Neutral at Citi... Marchex (MCHX) downgraded to Equal Weight from Overweight at Stephens... NASDAQ (NDAQ) downgraded to Market Perform from Outperform at Keefe Bruyette... Starbucks (SBUX) downgraded to Buy from Conviction Buy at Goldman... Towers Watson (TW) downgraded to Hold from Buy at Deutsche Bank... Tuesday Morning (TUES) downgraded to Accumulate from Buy at Johnson Rice... United Rentals (URI) downgraded to Sector Weight from Overweight at KeyBanc.