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Stock Market & Financial Investment News

News Breaks
August 5, 2014
10:04 EDTUSM, RAI, MERC, KRG, CMA, CGG, THC, NHI, MYRG, HIMX, CWEI, BCEI, TDS, MWA, LO, FMS, CTIC, WTROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aqua America (WTR) upgraded to Neutral from Underperform at Macquarie... Bonanza Creek (BCEI) upgraded to Outperform from Neutral at Macquarie... CGG SA (CGG) upgraded to Hold from Sell at Canaccord... CTI BioPharma (CTIC) upgraded to Buy from Hold at WallachBeth... Clayton Williams (CWEI) upgraded to Buy from Accumulate at Global Hunter... Comerica (CMA) upgraded to Neutral from Negative at Susquehanna... Fresenius Medical (FMS) upgraded to Buy from Neutral at UBS... Himax (HIMX) upgraded at BofA/Merrill... Kite Realty Trust (KRG) upgraded at Raymond James... Lorillard (LO) upgraded to Equal Weight from Underweight at Morgan Stanley... MYR Group (MYRG) upgraded at RW Baird... Mercer (MERC) upgraded at RBC Capital... Mueller Water (MWA) upgraded to Buy from Hold at Brean Capital... National Health Investors (NHI) upgraded to Neutral from Underperform at Hilliard Lyons... Reynolds American (RAI) upgraded to Equal Weight from Underweight at Morgan Stanley... Telephone and Data (TDS) upgraded at Raymond James... Tenet (THC) upgraded to Neutral from Negative at Susquehanna... U.S. Cellular (USM) upgraded at Raymond James.
News For WTR;BCEI;CGG;CTIC;CWEI;CMA;FMS;HIMX;KRG;LO;MYRG;MERC;MWA;NHI;RAI;TDS;THC;USM From The Last 14 Days
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February 5, 2016
06:47 EDTCMAActivist investors eyeing U.S. banks for merger waves, Reuters says
Activist investors are targeting the U.S. banking sector, betting that the headwinds the industry is experiencing will accelerate consolidation among such companies, Reuters reports. Banks historically have stayed out of the line of sight of activist investors, with certain exceptions, though rate and regulatory pressures could result in a wave of M&A for SMID-cap institutions, the report says. Potential activist candidates include Comerica Bank (CMA), which Hudson Executive Capital acquired a $56M stake in earlier this week, and Zions (ZION), Reuters notes. Reference Link
February 4, 2016
16:24 EDTKRGKite Realty Trust sees 2016 adjusted FFO $2.02-$2.08, consensus $2.07
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16:24 EDTKRGKite Realty Trust reports Q4 adjusted FFO 50c, consensus 50c
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09:28 EDTMWAMueller Water says FY16 outlook remains unchanged
Mueller Water said on its Q1 earnings call that its target is for 2016 free cash flow to exceed adjusted net income and that it expects free cash flow to be higher than in 2015. The company sees sales of Mueller Company's domestic valves, hydrants and brass products to grow in the high single digits in the second half of the year. It expects Mueller Technologies to show year-over-year net sales growth of about 10%-15% and for its adjusted operating income to improve about $7M-$10M. The overall outlook for Mueller Water Products for the full year remains unchanged, the company added.
05:37 EDTHIMXHimax sees Q1 GAAP EPS 5.5c-7.5c, consensus 3c
Sees Q1 revenue to be down 1% to up 4%, consensus $168.36M. Sees Q1 gross margin to be around 25%.
05:36 EDTHIMXHimax 'mindful that 2016 will likely be a year of macro uncertainty'
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05:35 EDTHIMXHimax reports Q4 non-GAAP EPS 4c, consensus 3c
Reports Q4 revenue $189M, consensus $171.94M. Compared to the previous quarter, large-sized panel driver sales increased by 22.9%, small and medium-sized panel driver sales decreased by 2.9% and non-driver sales increased by 10.5%. Revenue from large panel display drivers was $62.1M, revenue for small and medium-sized drivers came in at $81.9M, and revenues from non-driver businesses were $34M.
February 3, 2016
17:02 EDTMWAMueller Water reports Q1 adjusted EPS 4c, consensus 3c
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05:18 EDTCGGCGG SA awarded survey extension offshore Colombia
CGG announced that it has been awarded an extension to a major 3D seismic survey it successfully completed on the Caribbean coast offshore Colombia in late 2015. The new survey follows on from the original over 16,000-km2 survey CGG conducted over portions of the Col-1 and Col-2 blocks, which was the largest survey ever recorded offshore Colombia. This major extension is expected to start in February 2016. The additional data will also be processed in CGG's Houston subsurface imaging center.
January 29, 2016
17:31 EDTBCEIJohn Thiessen reports 5.8% passive stake in Bonanza Creek
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January 28, 2016
10:04 EDTCMAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amdocs (DOX) upgraded to Buy from Neutral at BofA/Merrill... Cheesecake Factory (CAKE) upgraded to Overweight from Equal Weight at Stephens... Chemical Financial (CHFC) upgraded to Buy from Hold at Sandler O'Neill... Cimarex Energy (XEC) upgraded to Buy from Hold at Wunderlich... Cirrus Logic (CRUS) upgraded to Outperform from Perform at Oppenheimer... Citrix (CTXS) upgraded on Q4 results, valuation at JMP Securities... Comerica (CMA) upgraded to Market Perform from Underperform at BMO Capital... Community Health (CYH) upgraded to Market Perform from Underperform at Raymond James... Denny's (DENN) upgraded to Overweight from Equal Weight at Stephens... Dolby (DLB) upgraded to Buy from Neutral at Dougherty... EMC (EMC) upgraded to Buy from Neutral at Mizuho... Halliburton (HAL) upgraded to Buy from Accumulate at KLR Group... Hanmi Financial (HAFC) upgraded to Strong Buy from Outperform at Raymond James... Hawaiian Holdings (HA) upgraded to Neutral at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Needham... Kinder Morgan (KMI) upgraded at Stifel... MGM China (MCHVF) upgraded to Overweight from Neutral at JPMorgan... Nimble Storage (NMBL) upgraded to Buy from Hold at Maxim... Patterson Companies (PDCO) upgraded to Buy from Neutral at UBS... PayPal (PYPL) upgraded to Outperform on core market share gains at Wedbush... Prosperity Bancshares (PB) upgraded to Buy from Neutral at DA Davidson... RPC, Inc. (RES) upgraded to Overweight from Equal Weight at Morgan Stanley... Rowan Companies (RDC) upgraded to Equal Weight from Underweight at Morgan Stanley... SanDisk (SNDK) upgraded to Buy from Neutral at Mizuho... Stillwater Mining (SWC) upgraded to Outperform from Market Perform at FBR Capital... Vantiv (VNTV) upgraded to Positive from Neutral at Susquehanna... Wilshire Bancorp (WIBC) upgraded to Outperform from Market Perform at Raymond James.
08:53 EDTCMAComerica upgraded on valuation at BMO Capital
As noted earlier, BMO Capital upgraded Comerica to Market Perform from Underperform. The firm upgraded the stock based on valuation, and said that it is not concerned about the adequacy of the bank's capital. Target to $38 from $43.
06:39 EDTCMABombardier sued by Comerica for jet payments, Reuters reports
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06:04 EDTCMAComerica upgraded to Market Perform from Underperform at BMO Capital
January 27, 2016
09:35 EDTMERCMercer downgraded to Outperform from Strong Buy at Raymond James
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January 26, 2016
07:07 EDTNHIStifel to hold a conference
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