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Stock Market & Financial Investment News

News Breaks
March 18, 2014
04:55 EDTVPRT, VPRT, EHTH, EHTH, DLX, DLX, CNS, CNS, NP, NP, CR, CR, ABG, ABG, UTEK, UTEK, CW, CW, TYPE, TYPE, ICGE, ICGE, JBLU, JBLUBofA/Merrill to host a conference
Smid Cap Conference is being held in Boston on March 18-19.
News For VPRT;ICGE;TYPE;CW;UTEK;ABG;CR;NP;CNS;DLX;EHTH;JBLU From The Last 14 Days
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March 2, 2015
06:04 EDTCRCrane downgraded to Underperform from Neutral at BofA/Merrill
February 27, 2015
09:58 EDTCROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 500.com (WBAI) downgraded to Hold from Buy at Deutsche Bank... Akorn (AKRX) downgraded to Hold after share rally at Needham... Allscripts (MDRX) downgraded to Market Perform from Outperform at Leerink... Bank of America (BAC) downgraded to Neutral from Buy at UBS... Bill Barrett (BBG) downgraded to Hold from Buy at KLR Group... CA Technologies (CA) downgraded to Underperform from Neutral at Credit Suisse... CBOE Holdings (CBOE) downgraded at BofA/Merrill... CONE Midstream (CNNX) downgraded to Sector Perform from Outperform at RBC Capital... Calamos (CLMS) downgraded to Underperform from Neutral at Credit Suisse... Crane (CR) downgraded to Market Perform from Outperform at FBR Capital... Dick's Sporting (DKS) downgraded to Equal Weight from Overweight at Barclays... EnerNOC (ENOC) downgraded to Buy from Strong Buy at Needham... Hercules Offshore (HERO) downgraded to Sell from Buy at Deutsche Bank... Insulet (PODD) downgraded at Oppenheimer... Intelsat (I) downgraded to Underperform from Neutral at Credit Suisse... Laredo Petroleum (LPI) downgraded to Market Perform from Outperform at Northland... Mavenir Systems (MVNR) downgraded to Equal Weight from Overweight at Morgan Stanley... Memorial Production (MEMP) downgraded to Underperform from Perform at Oppenheimer... Mobileye (MBLY) downgraded to Neutral from Buy at Dougherty... NTELOS (NTLS) downgraded to Market Perform from Outperform at Wells Fargo... Ocwen (OCN) downgraded to Sell from Neutral at Compass Point... Pegasystems (PEGA) downgraded to Neutral from Buy at Merriman... Performant Financial (PFMT) downgraded to Neutral from Buy at Compass Point... Pharmacyclics (PCYC) downgraded to Neutral from Buy at Goldman... Potbelly (PBPB) downgraded to Underweight from Overweight at Piper Jaffray... SYNNEX (SNX) downgraded to Hold from Buy at Stifel... Safe Bulkers (SB) downgraded at Credit Suisse... Sarepta (SRPT) downgraded to Market Perform from Outperform at Cowen... Seadrill Partners (SDLP) downgraded to Sector Perform from Outperform at RBC Capital... Spirit Realty (SRC) downgraded at RBC Capital... Transocean (RIG) downgraded to Sector Perform from Outperform at Iberia... UIL Holdings (UIL) downgraded to Neutral from Outperform at RW Baird... WCI Communities (WCIC) downgraded to Neutral from Buy at Citigroup... Walter Investment (WAC) downgraded to Neutral from Outperform at Credit Suisse.
08:48 EDTCRFBR 'underwhelmed' by analyst meeting, downgrades Crane
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07:54 EDTCRCrane price target raised to $76 from $70 at UBS
UBS raised its price target on Crane to $76 from $70, citing expectations for increased free cash flow conversion, easing pressure from foreign exchange and pensions, and the potential for margin expansion. UBS reiterated its Buy rating on Crane shares.
06:30 EDTCRCrane downgraded to Market Perform from Outperform at FBR Capital
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February 26, 2015
07:11 EDTCRGabelli to hold a conference
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February 25, 2015
16:27 EDTEHTHeHealth reports Q4 EPS (44c), consensus (57c)
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February 24, 2015
15:54 EDTJBLUAmerican Express confirms end of partnership with JetBlue
American Express (AXP) confirmed in a regulatory filing that the company was unable to reach terms to renew its cobrand relationship with JetBlue (JBLU) recently. The Fly notes that Bloomberg first reported on February 13 that JetBlue was ending its agreement with American Express.
06:29 EDTJBLUCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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February 23, 2015
16:17 EDTJBLUBuckeye Partners reduces FY14 revenue by $40M due to settlement discussions
Buckeye Partners (BPL) announced revisions to its financial results for Q4 and FY14 due to a recent development. As has been previously disclosed, commencing in September 2012, Delta Air Lines (DAL), JetBlue (JBLU), United/Continental Air Lines (UAL), US Airways, and American Airlines (AAL) filed complaints with the Federal Energy Regulatory Commission challenging rates for transportation of jet fuel from New Jersey to three New York City area airports charged by Buckeye Pipe Line Company, an operating subsidiary of Buckeye. The Airlines are seeking payments for alleged past excessive charges and prospective tariff rate reductions. As the litigation has progressed, BPLC and the Airlines have continued to pursue settlement discussions. Due to positive developments in those settlement discussions subsequent to Buckeye's issuance of its 2014 earnings on Friday, February 6, Buckeye has recorded a reduction in revenue in the amount of $40M for the year ended December 31, 2014 in accordance with applicable accounting guidance regarding contingencies. This reduction in revenue is a one-time charge; therefore, Adjusted EBITDA and distributable cash flow for 2014 remain as reported on February 6th. The $40M is based upon a settlement offer made by BPLC to satisfy the claims for alleged past excessive charges through December 31, 2014, which offer has not been accepted by the Airlines. "While we continue to pursue settlement of this matter, we are not able to predict with certainty the final outcome of the proceeding, should it be carried through to its conclusion, or whether we can reach a satisfactory settlement and, if so, whether or not it will be on more or less favorable terms," the company said.
February 19, 2015
10:26 EDTCRCrane to host analyst meeting
Analyst meeting to be held in New York on February 26 at 8:30 am. Webcast Link
09:59 EDTJBLUOn The Fly: Analyst Initiation Summary
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February 18, 2015
18:00 EDTCWCurtiss-Wright sees FY15 EPS $3.80-$3.90, consensus $3.50
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17:58 EDTCWCurtiss-Wright reports Q4 EPS 94c, consensus $1.00
Reports Q4 revenue $573M, consensus $636.63M.
17:28 EDTJBLUJetBlue initiated with a Buy at BofA/Merrill
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05:15 EDTJBLUJetBlue says Lufthansa incentive order will have no impact on share count
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February 17, 2015
16:37 EDTNPNeenah Paper reports Q4 adj. EPS 75c, consensus 71c
Reports Q4 revenue $216.6M, consensus $222.13M.

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