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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:07 EDTUFS, SVLC, MERC, ARIA, SHTDF, SOL, RAX, PANW, PCAR, EXA, E, SBMRYOn The Fly: Analyst Upgrade Summary
Domtar (UFS) upgraded to Buy from Neutral at Goldman... Eni SpA (E) upgraded to Outperform from Market Perform at Raymond James... Exa Corp. (EXA) upgraded to Outperform from Neutral at RW Baird... PACCAR (PCAR) upgraded to Buy from Neutral at Goldman... Palo Alto (PANW) upgraded to Outperform from Market Perform at FBR Capital... Rackspace (RAX) upgraded to Overweight from Equal Weight at Morgan Stanley... ReneSola (SOL) upgraded to Buy from Neutral at Roth Capital... Sinopharm Group (SHTDF) upgraded to Outperform from Neutral at Credit Suisse... ARIAD (ARIA) at H.C upgraded to Buy from Neutral at H.C. Wainwright... SilverCrest (SVLC) upgraded to Buy from Neutral at Roth Capital... Mercer (MERC) upgraded to Hold from Reduce at TD Securities... SABMiller (SBMRY) upgraded to Outperform from Market Perform at Bernstein.
News For UFS;E;EXA;PCAR;PANW;RAX;SOL;SHTDF;ARIA;MERC;SVLC;SBMRY From The Last 14 Days
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July 23, 2014
12:57 EDTPANWCheck Point Q2 results, guidance solid, says Wells Fargo
Wells Fargo believes that Check Point (CHK) reported solid Q2 results and provided solid guidance, as its large deal metrics were particularly strong, according to Wells. The firm thinks the results show that spending trends in cyber security remain strong, boding well for cyber security companies Palo Alto (PANW), Fortinet (FTNT), and FireEye (FEYE). Wells keeps an Outperform rating on Check Point.
06:35 EDTSOLReneSola sells 40 energy storage systems to Think Green Energy
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July 22, 2014
13:25 EDTPANWEarnings Preview: Juniper sahres rise ahead of Q2 earnings report
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July 21, 2014
07:28 EDTSOLReneSola enters into agreement with China Seven Star Holdings
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07:15 EDTRAXO'Reilly to hold a conference
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July 18, 2014
10:03 EDTSVLCOn The Fly: Analyst Downgrade Summary
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09:05 EDTSVLCSilverCrest downgraded to Neutral from Buy at Roth Capital
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July 17, 2014
09:00 EDTSVLCSilverCrest announces Q2 production 173K silver oz, 3,995 gold oz
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07:21 EDTPANWPalo Alto price target raised to $105 from $90 at Pacific Crest
Pacific Crest increased its price target on Palo Alto as the firm touts what it sees as the company's strong fundamentals, fastest ramping profitability in enterprise IT and emerging opportunities. The firm keeps an Outperform rating on the shares.
July 16, 2014
13:06 EDTPANWIT security stocks advance after upbeat Goldman note
Shares of a number of IT security stocks are rallying after Goldman Sachs wrote that it was upbeat on the sector in a note to investors today. WHAT'S NEW: Goldman Sachs analyst Matthew Niknam assumed coverage of the Security Software sector with an Attractive rating. Cyber threats have become larger and more costly, so many companies are increasing the amount of money they spend on IT security, Niknam wrote. Spending on security is increasing by the highest rate since 2010, the analyst estimated. Companies in the sector should see their free cash flow growth accelerate, while cash rich tech companies could become interested in carrying out M&A transactions with security vendors, the analyst predicted. Additionally, more mature companies in the sector should be able to buy back more of their shares going forward, Niknam believes. He identified Palo Alto (PANW) as his top pick in the space, as he believes that the company provides "the most unique blend of disruptive long-term growth and accelerating profitability." The company is poised to gain additional market share, while its growth going forward should beat expectations, Niknam stated. He raised his price target on the shares to $97 from $91 and kept a Conviction List-Buy rating on the stock. Meanwhile, the analyst upgraded another stock in the sector, FireEye (FEYE), to Buy from Neutral after assuming coverage of the shares. The company's status as the market leader in fighting Advanced Persistent Threats, or APTs, leaves it well-positioned in the current market, he contended. An IT survey indicates that most respondents plan to increase their APT-related spending, and 59% of the respondents say they plan to spend more money on solutions from a new vendor, Niknam reported. Furthermore, FireEye's revenue growth likely accelerated in Q2 and its revenue should beat expectations in 2014 and 2015, while the company's free cash flow should come in above consensus levels next year, Niknam predicted. FireEye may eventually be acquired by another company, according to Niknam, who raised his price target on the shares to $42 from $36. WHAT'S NOTABLE: Niknam initiated coverage of Proofpoint (PFPT) with a Buy rating as he predicted that the company's growth and free cash flow would beat expectations in the near-term and he believes that the company could also become a takeover target. The analyst started coverage of Fortinet (FTNT) with a Neutral rating. PRICE ACTION: In early afternoon trading, Palo Alto climbed 3% to $78.36, FireEye rose 3.5% to $34.99, Proofpoint climbed 3.6% to $34.46, and Fortinet rose 1% to $24.24.
10:00 EDTPANWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Airlines (AAL) initiated with an Overweight at Atlantic Equities... Apple (AAPL) initiated with a Buy at Citigroup... Basic Energy (BAS) initiated with a Neutral at RW Baird... Brookdale Senior Living (BKD) initiated with a Buy at Goldman... CA Technologies (CA) initiated with a Market Perform at FBR Capital... Dresser-Rand (DRC) initiated with a Neutral at RW Baird... Fortinet (FTNT) initiated with a Neutral at Goldman... Frank's International (FI) initiated with a Hold at Jefferies... Home Bancorp (HBCP) initiated with an Outperform at Fig Partners... Key Energy (KEG) initiated with an Outperform at RW Baird... McDermott (MDR) initiated with a Neutral at Tigress Financial... ORBCOMM (ORBC) initiated with a Neutral at Macquarie... Oil States (OIS) initiated with an Outperform at RW Baird... PBF Energy (PBF) initiated with an Equal Weight at Barclays... Palo Alto (PANW) assumed with a Conviction Buy at Goldman... Proofpoint (PFPT) initiated with a Buy at Goldman... Qlik Technologies (QLIK) initiated with a Market Perform at FBR Capital... Radius Health (RDUS) initiated with a Buy at Canaccord... Seventy Seven Energy (SSE) initiated with a Hold at Jefferies... Superior Energy (SPN) initiated with an Outperform at RW Baird... Tandem Diabetes (TNDM) initiated with an Outperform at William Blair... Trecora Resources (TREC) initiated with a Buy at B. Riley... Ultragenyx (RARE) initiated with an Outperform at RW Baird... United Natural Foods (UNFI) initiated with an Outperform at Oppenheimer... Viper Energy (VNOM) initiated with a Market Perform at Northland... Whiting Petroleum (WLL) initiated with a Buy at Tigress Financial.
05:52 EDTPANWPalo Alto assumed with a Conviction Buy at Goldman
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July 15, 2014
11:07 EDTRAXRackspace new cloud pricing a differentiator, says Wells Fargo
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09:12 EDTRAXRackspace introduces new service-based pricing model
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08:48 EDTPANWPalo Alto outlook has improved, says JMP Securities
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July 14, 2014
10:00 EDTRAXOn The Fly: Analyst Upgrade Summary
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08:18 EDTRAXRackspace upgraded to Neutral from Underperform at DA Davidson
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07:37 EDTARIAARIAD announces continuation of Iclusig review under Article 20 procedure
ARIAD Pharmaceuticals announced that the Pharmacovigilance Risk Assessment Committee of the European Medicines Agency has provided the company with a request for limited additional information regarding Iclusig as part of its ongoing review under the Article 20 referral procedure. The PRAC has requested further information regarding proposed dose modifications after achievement of a response and patient monitoring and details concerning a risk management plan. Following ARIAD’s response and input from the agency’s Scientific Advisory Group, the company expects that the PRAC will complete its review and make final recommendations to the Committee for Medicinal Products for Human Use at its meeting in October. As we finalize our recommendations on dose modifications of Iclusig and response monitoring of patients, we will work closely with the European regulatory agency and its expert advisors so that CML patients and their treating physicians have the best guidance available supporting the appropriate use of Iclusig,” said Timothy P. Clackson, Ph.D., president of research and development and chief scientific officer at ARIAD. In March ARIAD submitted responses to initial questions outlined by the PRAC as part of the Article 20 process, which was initiated in December of last year, and responses to a second set of questions were submitted to the PRAC in June.
06:27 EDTSBMRYAB InBev considering bid for SABMiller, FT reports
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06:10 EDTSOLReneSola files $150M mixed securities shelf
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