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Stock Market & Financial Investment News

News Breaks
February 4, 2013
16:12 EDTMAS, TPXTempur-Pedic appoints W. Timothy Yaggi as COO
Tempur-Pedic (TPX) International announced the appointment of W. Timothy Yaggi as COO. Yaggi will report to Mark Sarvary, President and CEO. Yaggi brings over 25 years of operational experience leading well-respected publicly traded consumer durable companies, including Norelco, Whirlpool and Masco. Most recently, Yaggi was Group President of the North America Builder Group at Masco (MAS), a $7.5B manufacturer, distributor, and installer of home improvement and building products. From 1994 to 2008 Yaggi held a number of senior management positions at Whirlpool Corporation.
News For TPX;MAS From The Last 14 Days
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April 23, 2015
10:00 EDTMASOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ADTRAN (ADTN) downgraded to Hold from Buy at Needham... Angie's List (ANGI) downgraded to Underperform from Market Perform at Northland... BG Group (BRGYY) downgraded to Hold from Overweight at HSBC... Brink's (BCO) downgraded to Neutral, sees 'imminent' downside risk, says Macquarie... Citrix (CTXS) downgraded to Hold from Buy at Evercore ISI... Cognex (CGNX) downgraded to Perform from Outperform at Oppenheimer... Cytec Industries (CYT) downgraded to Equal-Weight from Overweight at First Analysis... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Ensco (ESV) downgraded to Underweight from Equal Weight at Morgan Stanley... F5 Networks (FFIV) downgraded to Neutral from Buy at MKM Partners... Fulton Financial (FULT) downgraded to Market Perform from Outperform at Keefe Bruyette... Halcon Resources (HK) downgraded to Neutral from Outperform at Baird... Heartland Express (HTLD) downgraded on limited earnings growth at Raymond James... Informatica (INFA) downgraded to Market Perform from Outperform at JMP Securities... Knight Transportation (KNX) downgraded to Outperform from Strong Buy at Raymond James... LegacyTexas Financial (LTXB) downgraded to Outperform from Strong Buy at Raymond James... Masco (MAS) downgraded to Neutral from Buy at Citigroup... MobileIron (MOBL) downgraded to Equal Weight from Overweight at Morgan Stanley... Noble Corp. (NE) downgraded to Underweight from Equal Weight at Morgan Stanley... Omnicare (OCR) downgraded to Neutral from Outperform at Credit Suisse... Owens Corning (OC) downgraded to Sell from Neutral at Citigroup... Qualcomm (QCOM) downgraded to Neutral from Outperform at Exane BNP Paribas... RAM Energy (RAME) downgraded to Neutral from Outperform at Baird... Repsol (REPYY) downgraded to Reduce from Hold at HSBC... Stillwater Mining (SWC) downgraded on lack of catalysts at BB&T... Texas Capital (TCBI) downgraded to Outperform from Strong Buy at Raymond James... Texas Instruments (TXN) downgraded to Neutral from Buy at BofA/Merrill... Total (TOT) downgraded to Hold from Buy at Deutsche Bank... Transocean (RIG) downgraded to Underweight from Equal Weight at Morgan Stanley.
07:09 EDTMASMasco downgraded to Neutral from Buy at Citigroup
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April 22, 2015
14:06 EDTTPXEgan Jones recommends Tempur Sealy holders vote for all director nominees
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10:02 EDTMASOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded on post-merger outlook at Bernstein... Amazon.com (AMZN) upgraded to Buy, price target raised to $450 at Monness Crespi... BNP Paribas (BNPQY) upgraded to Overweight from Equal Weight at Morgan Stanley... Dolby (DLB) upgraded to Overweight from Neutral at JPMorgan... First Defiance (FDEF) upgraded to Outperform from Market Perform at Raymond James... Gran Tierra (GTE) upgraded to Buy from Neutral at Dundee... Grupo Aval (AVAL) upgraded to Buy from Neutral at Goldman... Manhattan Associates (MANH) upgraded to Buy from Hold at Benchmark Co.... Marriott (MAR) upgraded to Buy from Neutral at MKM Partners... Masco (MAS) upgraded to Outperform from Market Perform at FBR Capital... Nokia (NOK) upgraded on post-merger outlook at Bernstein... Packaging Corp. (PKG) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Sector Perform from Underperform at RBC Capital... Rogers Communications (RCI) upgraded to Buy from Neutral at BofA/Merrill... Sanofi (SNY) upgraded to Neutral from Sell at Citigroup... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... UniCredit (UNCFF) upgraded to Buy from Sell at Berenberg... Zions Bancorp (ZION) upgraded to Outperform from Market Perform at FBR Capital.
08:08 EDTTPXH Partners: ISS recommends Tempur Sealy investors vote against three directors
H Partners Management, the largest shareholder of Tempur Sealy International with an approximate 10% stake, announced that ISS, a proxy advisor, has issued a report recommending that Tempur Sealy shareholders vote “AGAINST” the re-election of the following directors at the 2015 Annual Meeting of Shareholders to be held on May 8: Mark Sarvary, President and CEO; P. Andrews McLane, Chairman of the Board; Christopher A. Masto, Chairman of the Nominating and Corporate Governance Committee. Usman Nabi of H Partners said, “We are pleased that ISS emphatically supports our effort to hold the Board accountable for Tempur Sealy’s significant underperformance. We urge all shareholders to protect their investment and send a clear message to the Board that the status quo is unacceptable by voting against these three directors today. By replacing these directors with those that are truly aligned with the interests of all shareholders, we can lay the foundations for Tempur Sealy to achieve its full earnings potential.”
06:23 EDTMASMasco upgraded to Outperform from Market Perform at FBR Capital
FBR Capital upgraded Masco to Outperform saying management's actions should drive shareholder value in the near-term. FBR expects value to be created from the upcoming tax-free spin-off of the company's installation business and raised its price target for shares to $35 from $28.
April 21, 2015
16:26 EDTTPXTempur Sealy coverage assumed with an Outperform at Wedbush
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April 17, 2015
08:03 EDTTPXH Partners urges Tempur Sealy shareholders to vote against TS directors
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April 16, 2015
08:11 EDTTPXTempur Sealy backs annual adjusted EPS growth of 15% for 2015-2018
Backs annual net sales growth of 6% for 2015-2018. Backs annual operating margin improvement of 50 basis points for 2015-2018. Backs outlook of 3x leverage, with strong cash flow to return value to shareholders from 2015-2018. The company expects to generate $125M in operating income improvement by 2018 by making progress against four specific operational objectives: driving gross margin improvements for Sealy U.S.; achieving additional cost synergies from the Sealy acquisition; reducing adjusted operating expense as a percentage of revenue from 29% in 2014 to 28% by 2018; and implementing an enhanced 2015 pricing strategy. The company reiterated the confidence in its future and value creation in a letter mailed to shareholders.
April 13, 2015
09:10 EDTTPXMattress sales grew 8.3% in February, ISPA says
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