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Stock Market & Financial Investment News

News Breaks
February 24, 2012
10:30 EDTUA, CRUS, PG, CPT, AVB, BAX, TGT, HCCI, PPS, GB, MAR, CRM, CLP, CCGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Target (TGT) upgraded to Buy from Hold at Jefferies...Cirrus Logic (CRUS) upgraded to Outperform from Perform at Oppenheimer...Marriott (MAR) upgraded to Conviction Buy from Buy at Goldman...Baxter (BAX) upgraded to Neutral from Sell at Citigroup...Under Armour (UA) upgraded to Overweight from Equal Weight at Morgan Stanley...Greatbatch (GB) upgraded to Neutral from Underweight at Piper Jaffray...AvalonBay (AVB) upgraded to Outperform from Underperform at Credit Suisse...Campus Crest (CCG) upgraded to Buy from Neutral at Janney Capital...Post Properties (PPS) upgraded to Buy from Neutral at UBS...Camden Property (CPT) upgraded to Buy from Neutral at UBS...Colonial Properties (CLP) upgraded to Buy from Neutral at UBS...Heritage-Crystal Clean (HCCI) upgraded to Buy from Hold at Needham...Procter & Gamble (PG) upgraded to Buy from Neutral at Buckingham...Salesforce.com (CRM) upgraded to Buy from Hold at ThinkEquity.
News For TGT;CRUS;MAR;BAX;UA;GB;AVB;CCG;PPS;CPT;CLP;HCCI;PG;CRM From The Last 14 Days
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November 13, 2014
07:40 EDTPGProcter & Gamble reiterates FY15 organic sales, core EPS growth guidance
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07:40 EDTPGProcter & Gamble sees clsoing Duracell transaction in 2H15
Following its prior announcement of plans to exit the Duracell business, P&G (PG) said it now plans to execute a split transaction, in which it will exchange a recapitalized Duracell Company for Berkshire Hathaway’s (BRK.A) shares of P&G stock. Berkshire’s stock ownership is currently valued at approximately $4.7 billion. P&G said it expects to contribute approximately $1.8 billion in cash to the Duracell Company in the pre-transaction recapitalization. P&G said the transaction maximizes the after-tax value of the Duracell business and is tax efficient for P&G. The value received for Duracell in the exchange is approximately 7-times fiscal year 2014 adjusted EBITDA. This equates to a cash sale valued at approximately 9-times adjusted EBITDA. As part of the exit of the battery business, P&G announced that it closed the sale of its interest in a China-based battery joint venture earlier in the week. Based on the signing of the contract to exit the Duracell business, P&G will restate Batteries results to discontinued operations effective with the reporting of October-December 2014 quarterly results. The Company expects to restate earnings per share of approximately 12c-14c to discontinued operations for fiscal year 2014. All-in GAAP earnings per share are not affected by the restatements. P&G said it will incur a non-core, non-cash charge of approximately 28c per share in current quarter results to adjust Duracell goodwill and intangible assets to the expected after-tax transaction value. P&G expects to finalize the restatement and one-time charge amounts in the next few weeks, and will update shareholders when final amounts are available. P&G said it expects to close the Duracell transaction in the second half of calendar year 2015 pending necessary regulatory approvals.
07:38 EDTUABloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
07:31 EDTPGBerkshire Hathaway to acquire Procter & Gamble's Duracell battery business
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07:30 EDTPGBerkshire Hathaway to acquire Procter & Gamble's Duracell battery business
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November 12, 2014
17:02 EDTCRMSalesforce.com signs agreement to purchase 50 Fremont Street building
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10:00 EDTCPT, AVBOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advent Software (ADVS) initiated with a Neutral at BofA/Merrill... Agios Pharmaceuticals (AGIO) initiated with a Buy at Canaccord... Ashford Hospitality (AHT) initiated with a Neutral at Credit Suisse... AvalonBay (AVB) initiated with a Neutral at Credit Suisse... Berkshire Hills Bancorp (BHLB) initiated with a Buy at Compass Point... Boston Properties (BXP) initiated with an Outperform at Credit Suisse... Brandywine Realty (BDN) initiated with a Neutral at Credit Suisse... Brookline Bancorp (BRKL) initiated with a Neutral at Compass Point... CNH Industrial (CNHI) initiated with an Underperform at Macquarie... Camden Property (CPT) initiated with a Neutral at Credit Suisse... Care.com (CRCM) initiated with a Buy at Craig-Hallum... Corporate Office Properties (OFC) initiated with an Underperform at Credit Suisse... DCT Industrial (DCT) initiated with an Underperform at Credit Suisse... DDR Corp. (DDR) initiated with a Neutral at Credit Suisse... Demandware (DWRE) initiated with a Buy at Mizuho... DiamondRock (DRH) initiated with a Neutral at Credit Suisse... Douglas Emmett (DEI) initiated with a Neutral at Credit Suisse... EastGroup Properties (EGP) initiated with an Underperform at Credit Suisse... Equity One (EQY) initiated with a Neutral at Credit Suisse... Equity Residential (EQR) initiated with a Neutral at Credit Suisse... Essex Property Trust (ESS) initiated with a Neutral at Credit Suisse... Forest City (FCE.A) initiated with an Outperform at Credit Suisse... General Growth (GGP) initiated with a Neutral at Credit Suisse... Host Hotels (HST) initiated with a Neutral at Credit Suisse... Hudson Pacific (HPP) initiated with an Outperform at Credit Suisse... Kilroy Realty (KRC) initiated with an Underperform at Credit Suisse... Kimco Realty (KIM) initiated with an Outperform at Credit Suisse... LaSalle Hotel (LHO) initiated with an Outperform at Credit Suisse... Macerich (MAC) initiated with a Neutral at Credit Suisse... MasterCard (MA) initiated with a Hold at Topeka... NetApp (NTAP) initiated with a Buy at Maxim... Pebblebrook Hotel (PEB) initiated with an Outperform at Credit Suisse... Prologis (PLD) initiated with an Outperform at Credit Suisse... RLJ Lodging Trust (RLJ) initiated with an Outperform at Credit Suisse... Regency Centers (REG) initiated with a Neutral at Credit Suisse... Ryerson (RYI) initiated with a Buy at Deutsche Bank... SL Green Realty (SLG) initiated with an Underperform at Credit Suisse... Simon Property (SPG) initiated with an Outperform at Credit Suisse... Strategic Hotels (BEE) initiated with a Neutral at Credit Suisse... Sunstone Hotel (SHO) initiated with an Outperform at Credit Suisse... Taubman Centers (TCO) initiated with an Outperform at Credit Suisse... UDR, Inc. (UDR) initiated with a Neutral at Credit Suisse... VWR (VWR) initiated with a Neutral at Citigroup... VeriFone (PAY) initiated with a Buy at Topeka... Visa (V) initiated with a Hold at Topeka... Vornado (VNO) initiated with a Neutral at Credit Suisse... Westfield Financial (WFD) initiated with a Buy at Compass Point... XPO Logistics (XPO) initiated with an Outperform at Cowen.
08:02 EDTBAXCredit Suisse to hold a conference
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07:37 EDTTGTTarget shares overvalued, says MKM Partners
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07:27 EDTBAXNorth American Spine Society to hold annual meeting
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November 11, 2014
16:09 EDTAVBAvalonBay initiated with a Neutral at Credit Suisse
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16:09 EDTCPTCamden Property initiated with a Neutral at Credit Suisse
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14:20 EDTMARMarriott CEO says company not interested in acquiring InterContinental
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November 10, 2014
15:54 EDTBAXAmerican Society of Nephrology to hold a conference
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13:56 EDTPGProcter & Gamble to host analyst meeting
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10:04 EDTTGTOn The Fly: Analyst Upgrade Summary
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10:00 EDTUAUnder Armour mentioned cautiously by Mosaic Research
Mosaic Resarch believes Under Armour's sales have slowed from previous levels. The firm said Apparel has been hampered by weak conditions at retail and warmer weather and Footwear and International have likely pressured margins.
08:08 EDTTGTTarget upgraded at Stifel
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07:54 EDTCRMChecks on Salesforce.com positive, says Oppenheimer
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05:54 EDTTGTTarget upgraded to Buy from Hold at Stifel
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