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Stock Market & Financial Investment News

News Breaks
March 20, 2014
05:37 EDTTRNXTornier upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Tornier citing valuation and management's positive tone at last week's American Academy of Orthopedic Surgeons meeting. The firm raised its price target range for shares to $24-$26 from $21-$22.
News For TRNX From The Last 14 Days
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August 18, 2014
16:14 EDTTRNXBridger reports 5.5% passive stake in Tornier
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August 8, 2014
10:00 EDTTRNXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Activision Blizzard (ATVI) upgraded to Buy from Neutral at Longbow... Allergan (AGN) upgraded to Outperform from Market Perform at Leerink... Andersons (ANDE) upgraded to Buy from Hold at Feltl... Arista Networks (ANET) upgraded to Buy from Neutral at Citigroup... Barrick Gold (ABX) upgraded to Conviction Buy from Buy at Goldman... Brinker (EAT) upgraded to Outperform from Market Perform at Raymond James... CF Industries (CF) upgraded to Buy from Hold at Feltl... CST Brands (CST) upgraded to Neutral from Underperform at Credit Suisse... Cimarex Energy (XEC) upgraded to Accumulate from Hold at KLR Group... Coca-Cola HBC (OCCH) upgraded to Buy from Hold at Deutsche Bank... Delek US (DK) upgraded to Outperform at Cowen... Fifth Street Finance (FSC) upgraded to Buy from Neutral at Guggenheim... Glimcher Realty Trust (GRT) upgraded to Buy from Neutral at BofA/Merrill... Goodrich Petroleum (GDP) upgraded to Strong Buy from Outperform at Raymond James... Monster Beverage (MNST) upgraded to Neutral from Underperform at Longbow... NIC Inc. (EGOV) upgraded to Outperform from Market Perform at Barrington... NVIDIA (NVDA) upgraded at Needham... POZEN (POZN) upgraded to Buy from Hold at Ascendiant... Power Solutions (PSIX) upgraded to Accumulate from Neutral at Global Hunter... Primoris (PRIM) upgraded to Buy from Hold at BB&T... Sierra Bancorp (BSRR) upgraded to Outperform from Market Perform at Raymond James... Sonus Networks (SONS) upgraded to Outperform from Market Perform at Barrington... Stone Energy (SGY) upgraded to Buy from Accumulate at KLR Group... Tornier (TRNX) upgraded at BMO Capital... Tyson Foods (TSN) upgraded to Buy from Hold at BB&T... WGL Holdings (WGL) upgraded to Buy from Hold at Brean Capital.
08:19 EDTTRNXTornier upgraded at BMO Capital
As noted earlier, BMO Capital upgraded Tornier to Outperform from Market Perform. After the company reported better than expected Q2 results, the firm thinks the results were very good and says that the business' visibility has increased. Target to $24 from $20.
06:22 EDTTRNXTornier upgraded to Outperform from Market Perform at BMO Capital
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August 7, 2014
16:48 EDTTRNXTornier raises FY14 reported revenue view to $331M-$339M, consensus $323.6M
The company is increasing full year guidance and now projects 2014 constant currency revenue to be in the range of $328M-$336M and reported revenue to be $331M-$339M. Projects 2014 adjusted EBITDA $27M-$31M, or 8.2%-9.1% of reported revenue.
16:46 EDTTRNXTornier sees Q3 revenue $70M-$74M, consensus $69.04M
Sees Q3 constant currency revenue $69M-$73M and reported revenue $70M-$74M. Sees Q3 adjusted EBITDA to be in the range of $2M-$4M, or 2.9%-5.4% of reported revenue.
16:44 EDTTRNXTornier reports Q2 EPS (20c), consensus (16c)
Reports Q2 revenue $86.9M, consensus $79.4M.

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