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Stock Market & Financial Investment News

News Breaks
February 1, 2013
08:08 EDTTENTenneco weakness overdone, says Wells Fargo
After Tenneco's stock dropped following its conference call, Wells Fargo expects the company's commercial vehicles revenue to increase this year. The firm thinks the stock is poised to perform well into the company's Investor Day scheduled for February 14, and it maintains an Outperform rating on the shares.
News For TEN From The Last 14 Days
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February 11, 2016
10:01 EDTTENOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Artisan Partners (APAM) upgraded to Neutral from Sell at Citi... Ascena Retail (ASNA) upgraded to Neutral from Sell at Goldman... Becton Dickinson (BDX) upgraded to Buy from Hold at Deutsche BankvCisco (CSCO) upgraded to Buy from Hold at Jefferies... C.H. Robinson (CHRW) upgraded at Buckingham... Crown Castle (CCI) upgraded to Conviction Buy from Buy at Goldman... Euronet (EEFT) upgraded to Outperform from Market Perform at Avondale... FibroGen (FGEN) upgraded to Outperform from Neutral at Credit Suisse... First Data (FDC) has hit 'rock bottom,' shares upgraded to Outperform at Credit Suisse... Horace Mann (HMN) upgraded to Buy from Neutral at Janney Capital... Hortonworks (HDP) upgraded to Neutral at Susquehanna... Level 3 (LVLT) upgraded to Overweight on valuation at Morgan Stanley... NCI, Inc. (NCIT) upgraded to Buy from Neutral at SunTrust... Omega Healthcare (OHI) upgraded on results, valuation at JMP Securities... Sun Life Financial (SLF) upgraded to Outperformer from Sector Performer at CIBC... Tanger Factory (SKT) upgraded to Buy from Neutral at Hilliard Lyons... Team (TISI) upgraded to Overweight from Sector Weight at KeyBanc... Tenneco (TEN) upgraded to Overweight from Equal Weight at Barclays... Time Warner (TWX) upgraded to Conviction Buy at Goldman... Ulta Beauty (ULTA) upgraded to Strong Buy from Outperform at Raymond James... Voya Financial (VOYA) upgraded to Neutral from Underweight at JPMorgan... Western Alliance (WAL) upgraded to Buy from Neutral at DA Davidson.
05:44 EDTTENTenneco upgraded to Overweight from Equal Weight at Barclays
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February 9, 2016
08:08 EDTTENTenneco sees FY17 revenue growth 6%-8%, FY18 revenue growth 7%-9%
In 2017 and 2018, Tenneco expects annual revenue growth of 6% to 8%, and 7% to 9% respectively, outpacing production by 3% to 5% each year as new light vehicle emissions regulations begin to phase-in in North America and Europe. These estimates also exclude the impact of currency. "We expect solid revenue growth of 5% in 2016 based on what we see in the markets today and accelerating revenue growth in 2017 and 2018 as new light vehicle emissions regulations begin to take effect in North America and Europe. With these revenue estimates, we expect to continue outpacing industry production in our end markets, all driven by emissions regulations, and growing demand for Tenneco's advanced Ride Performance technologies and aftermarket products," said Sherrill. "We also expect continued margin improvement and remain very focused on generating cash for growth investments, balance sheet strength and returns to our shareholders."
08:07 EDTTENTenneco backs FY16 revenue growth view 5%, consensus $8.55B
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08:05 EDTTENTenneco sees Q1 revenue growth 5%, consensus $2.08B
Figure to outpace industry production growth of 2%, the company said. The revenue increase will be driven by higher light vehicle volumes and the ramp up of recently launched programs, additional content on commercial truck and off-highway programs to meet emissions regulations, and year-over-year growth in the aftermarket. The company anticipates a currency headwind in the first quarter of approximately 2% based on current exchange rates. Aggregate industry production growth of 2% in the quarter includes global light vehicle production growth of 2%, and combined commercial truck and off-highway equipment production flat compared with a year ago.
08:03 EDTTENTenneco reports Q4 adjusted EPS $1.39, consensus $1.14
Reports Q4 revenue $2.031B, consensus $2.03B. Excluding a negative currency impact of $142M, total revenue in the fourth quarter increased 8% to $2.173B.
February 8, 2016
06:53 EDTTENTenneco supplies emission control system on Lexus RX platform
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