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06:35 EDTSLHSolera initiated with a Market Perform at BMO Capital
Target $60.
06:35 EDTKORSMichael Kors June volatility increases to 56 into Q4
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06:34 EDTITGartner initiated with a Market Perform at BMO Capital
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06:33 EDTHRLHormel Foods backs 2013 EPS view $1.93-$2.03, consensus $2.00
06:32 EDTIHSIHS Inc. initiated with an Outperform at BMO Capital
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06:32 EDTHRLHormel Foods reports Q2 EPS 46c, consensus 49c
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06:32 EDTJPMDimon looks to improve JPMorgan after winning vote, NY Times says
After JPMorgan's (JPM) shareholders voted to allow Jamie Dimon to keep his dual role as the bank's CEO and chairman, Dimon is looking to repair the bank's relationship with regulators and "fortify risk controls," according to The New York Times. Reference Link
06:30 EDTMSFTMicrosoft Windows 8 may take up 5%-8% of global tablet shipments, DigiTimes says
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06:29 EDTDB, UBS, BA, CS, JPMSoftware firm Luxoft files for IPO in New York, Bloomberg reports
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06:29 EDTTDTD intends to repurchase up to 12M common shares for cancellation
TD Bank Group announced that, subject to the approval of the Office of the Superintendent of Financial Institutions Canada, or OSFI, and the Toronto Stock Exchange, it intends to launch a normal course issuer bid through the facilities of the TSX as well as through other designated exchanges and published markets in Canada to repurchase up to 12M of its common shares, representing approximately 1.3% of the common shares currently issued and outstanding. On May 21, there were 923,873,168 common shares issued and outstanding. TD will file a notice of intention with the TSX in this regard. As at April 30, the Bank's Common Equity Tier 1, Tier 1 and Total Capital ratios were 8.76%, 10.79% and 13.99% respectively. TD made the decision to launch the bid in light of its demonstrated ability to generate capital and has now allocated roughly $1B in capital for share repurchases under the bid.
06:29 EDTJNJJohnson & Johnson coverage assumed with an Underperform at Credit Suisse
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06:29 EDTSOLReneSola downgraded to Underperform from Neutral at Credit Suisse
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06:27 EDTPBProsperity Bancshares downgraded to Market Perform at BMO Capital
BMO Capital downgraded Prosperity Bancshares to Market Perform from Outperform due to valuation and lack of earnings growth. Price target is $50.
06:25 EDTPAYVeriFone upgraded to Buy from Neutral at SunTrust
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06:17 EDTPGEMPly Gem 15.789M share IPO priced at $21.00
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06:17 EDTOISHY, XOM, TOT, WOPEYPapua New Guinea’s Oil Search a takeover target, Bloomberg reports
Papua New Guinea’s Oil Search (OISHY) has the fastest revenue growth in the oil industry and now may be attracting a number of suitors, from Exxon Mobil (XOM) to Total (TOT) to Woodside Petroleum (WOPEY), reports Bloomberg. Reference Link
06:16 EDTOAKOaktree Capital 7M share Secondary priced at $53.50
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06:14 EDTCSTMConstellium Holdco 22.2M share IPO priced at $15.00
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06:14 EDTPACTPactera sees FY13 EPS 68c-73c, consensus 75c
Sees FY13 revenue $675M-$685M, consensus $724.24M.
06:12 EDTPACTPactera sees Q2 EPS 14c, consensus 17c
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