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SCG

SCANA

$71.93

-0.44 (-0.61%)

09:52
10/03/16
10/03
09:52
10/03/16
09:52

SCANA reports order from DRB regarding Westinghouse Electric dispute

South Carolina Electric & Gas Company, principal subsidiary of SCANA Corporation, for itself and as agent for the South Carolina Public Service Authority and Westinghouse Electric Companyreceived an Order issued by the Dispute Resolution Board, which was established as part of the October 2015 Amendment to the Engineering, Procurement, and Construction agreement with Westinghouse Electric Company for the two new nuclear units under construction at the V.C. Summer Station in Jenkinsville, South Carolina. The Order instructs the parties to continue to work to develop a construction milestone payment schedule, using the milestone schedule preliminarily prepared by the parties, in conjunction with the approach to milestone valuation which SCE&G and the SCPSA presented during the DRB hearing. During these efforts, SCE&G and SCPSA will make monthly payments to Westinghouse for the months of October and November, 2016, of $133M and $136.5M, respectively. This portion of the Order is based on the DRB's findings concerning the approximate value of the work expected to be completed during these months. In the event that a full and final resolution is not reached by November 3, 2016, the DRB shall conduct a further hearing and will make its determination by November 30, 2016.

SCG SCANA
$71.93

-0.44 (-0.61%)

10/29/15
10/29/15
UPGRADE

On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ametek (AME) upgraded to Buy from Neutral at BofA/Merrill... AutoNation (AN) upgraded to Buy from Hold at Gabelli... Centrica (CPYYY) upgraded to Buy from Neutral at Citi... Crescent Point Energy (CPG) upgraded to Overweight from Equal Weight at Barclays... CytoSorbents (CTSO) upgraded to Buy from Speculative Buy at WBB Securities... Diageo (DEO) upgraded to Outperform from Neutral at Credit Suisse... Domino's Pizza (DPZ) upgraded to Conviction Buy from Buy at Goldman... Echo Global (ECHO) upgraded to Buy from Hold at BB&T... EverBank (EVER) upgraded to Buy from Hold at Maxim... Federal-Mogul (FDML) upgraded to Buy from Hold at Gabelli... Garmin (GRMN) upgraded to Neutral from Sell at Citi... Generac (GNRC) upgraded to Neutral from Underperform at BofA/Merrill... LifeLock (LOCK) upgraded to Buy from Hold at Wunderlich... Melco Crown (MPEL) upgraded to Equal Weight from Underweight at Morgan Stanley... Novadaq (NVDQ) upgraded to Overweight from Equal-Weight at First Analysis... Pattern Energy (PEGI) upgraded to Buy from Neutral at BofA/Merrill... SCANA (SCG) upgraded to Outperform from Neutral at Macquarie... Signet Jewelers (SIG) upgraded to Conviction Buy from Buy at Goldman... Snyder's-Lance (LNCE) upgraded to Buy from Hold at BB&T... Sonus (SONS) upgraded to Outperform from Market Perform at Northland... Synchronoss (SNCR) upgraded to Strong Buy from Outperform at Raymond James.
02/08/16
MZHO
02/08/16
UPGRADE
MZHO
Buy
SCANA upgraded to Buy from Neutral at Mizuho
02/08/16
02/08/16
UPGRADE

On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amedisys (AMED) upgraded to Outperform from Perform at Oppenheimer... American Campus (ACC) upgraded to Buy at Canaccord... Beacon Roofing (BECN) upgraded to Strong Buy from Outperform at Raymond James... Big 5 Sporting (BGFV) upgraded on potential Sports Authority closures at Stifel... CenterState Banks (CSFL) upgraded to Outperform from Market Perform at Fig Partners... Cisco (CSCO) upgraded to Neutral from Underperform at Macquarie... Dollar Tree (DLTR) upgraded to Outperform from Market Perform at Telsey Advisory... Dow Chemical (DOW) upgraded to Positive from Neutral at Susquehanna... Essex Property Trust (ESS) upgraded to Buy from Neutral at Mizuho... Globant (GLOB) upgraded to Buy from Neutral at Citi... Kinross Gold (KGC) upgraded on valuation, higher gold price at BMO Capital... L Brands (LB) upgraded to Buy from Hold at Brean Capital... Marvell (MRVL) upgraded to Buy from Sell at B. Riley... Munich Re (MURGY) upgraded to Neutral from Underperform at Credit Suisse... OM Asset Management (OMAM) upgraded to Buy from Neutral at Citi... Orbital ATK (OA) upgraded to Overweight from Sector Weight at KeyBanc... SCANA (SCG) upgraded to Buy from Neutral at Mizuho... Sensient (SXT) upgraded to Buy from Hold at Gabelli... St. Jude Medical (STJ) upgraded to Hold from Sell at Canaccord... Suffolk Bancorp (SCNB) upgraded to Outperform from Market Perform at Fig Partners... Supernus (SUPN) upgraded to Buy from Hold at Jefferies... Ultimate Software (ULTI) upgraded to Outperform from Market Perform at FBR Capital... ZAGG (ZAGG) upgraded to Outperform from Market Perform at Northland... athenahealth (ATHN) upgraded to Buy from Hold at Topeka.
06/15/16
MSCO
06/15/16
DOWNGRADE
Target $67
MSCO
Underweight
SCANA downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley analysts led by Stephen Byrd downgraded SCANA Corp to Underweight on risk of further delays in the nuclear construction schedule. Byrd is concerned about Westinghouse owner Toshiba's, financial strength, the vendor chosen by SCANA to construct its new nuclear plant. The firm's analyst believes if Toshiba's financial condition where to worsen, it could make it difficult for Westinghouse to honor the terms of the EPC contract. Further, Byrd said Southeast energy efficiency penetration is low, which could change over time towards trends favoring greater efficiency adoption, impacting long-term load growth.

TODAY'S FREE FLY STORIES

NXTM

NxStage Medical

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BL

BlackLine

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-0.26 (-0.68%)

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ULTI

Ultimate Software

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CRM

Salesforce

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-0.51 (-0.58%)

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EVBG

Everbridge

$24.66

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RNG

RingCentral

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WK

Workiva

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HUBS

HubSpot

$68.20

-0.7 (-1.02%)

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HUBS

HubSpot

$68.20

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QTWO

Q2 Holdings

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INST

Instructure

$29.55

0.4 (1.37%)

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MANH

Manhattan Associates

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PCTY

Paylocity

$47.39

-1.65 (-3.36%)

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SHOP

Shopify

$92.04

-2.44 (-2.58%)

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LH

LabCorp

$152.30

0.68 (0.45%)

20:10
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20:10
Downgrade
LabCorp rating change  »

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ATXI

Avenue Therapeutics

20:06
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Syndicate
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NXPI

NXP Semiconductors

$109.73

-0.25 (-0.23%)

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PDCE

PDC Energy

$42.88

-1.84 (-4.11%)

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MRIN

Marin Software

$1.18

0.025 (2.17%)

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GM

General Motors

$34.52

0.32 (0.94%)

19:15
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Earnings
General Motors: Previous FY17 EPS view unchanged »

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GM

General Motors

$34.52

0.32 (0.94%)

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BLKB

Blackbaud

$89.25

-0.25 (-0.28%)

, CST

CST Brands

$48.54

0.18 (0.37%)

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BLKB

Blackbaud

$89.25

-0.25 (-0.28%)

CST

CST Brands

$48.54

0.18 (0.37%)

NSA

National Storage

$22.63

0.22 (0.98%)

ANCUF

Alimentation Couche-Tard

$48.08

1.9887 (4.31%)

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GM

General Motors

$34.52

0.32 (0.94%)

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WMT

Wal-Mart

$75.50

0.66 (0.88%)

18:43
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Periodicals
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