Breaking News Instant updates and real-time market news.

KND

Kindred Healthcare

$10.48

0.26 (2.54%)

, VTR

Ventas

$69.19

-1.44 (-2.04%)

17:06
10/03/16
10/03
17:06
10/03/16
17:06

Kindred sees FY16 revenue from LTAC hospitals $215M

Kindred Healthcare (KND) announced that it has completed its previously announced agreement to sell 12 long-term acute care hospitals for $27.5Mn to a group of entities operating under the name "Curahealth," which are affiliates of a private investment fund sponsored by Nautic Partners. The Hospitals have a total of 783 licensed beds in Arizona, Louisiana, Massachusetts, Oklahoma, Pennsylvania and Tennessee. Benjamin A. Breier, President and CEO of Kindred, commented, "We are pleased to complete the sale of 12 LTAC hospitals to Curahealth, as this transaction creates both strategic and financial value for Kindred. Optimizing our LTAC hospital portfolio is a key element of our LTAC criteria mitigation strategy and this transaction significantly advances that strategy. Nautic has a proven track record of success in the healthcare sector and will be a strong partner for these hospitals and the communities they serve." For the full fiscal year 2016, Kindred expects that the Hospitals will generate combined revenues of approximately $215M and earnings before interest, income taxes, depreciation and amortization at approximately breakeven. The Hospitals have $14M of annual aggregate rent expense. Kindred realized approximately $21 million of cash proceeds from this sale, subject to post-closing adjustments, with the remainder of the purchase price to be paid upon satisfaction of financial and other post-closing conditions. As previously announced, the Company amended various master lease agreements with Ventas (VTR) in April 2016 in connection with the proposed transaction with Curahealth. The transactions with Curahealth and Ventas are also expected to generate future cash income tax benefits for Kindred of approximately $37 million. Kindred anticipates reporting pretax charges of approximately $54 million related to the Ventas lease amendments and approximately $45 million to $55 million related to the transaction with Curahealth within fiscal 2016, of which approximately $8 million was recorded during the six months ended June 30. "We are excited to complete this transaction with Kindred and look forward to providing high-quality healthcare to existing and future patients in the markets these hospitals serve," said Chester Crouch, Chief Executive Officer of Curahealth.

KND

Kindred Healthcare

$10.48

0.26 (2.54%)

VTR

Ventas

$69.19

-1.44 (-2.04%)

KND Kindred Healthcare
$10.48

0.26 (2.54%)

11/05/15
11/05/15
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARC Document (ARC) downgraded to Market Perform from Outperform at William Blair... AVG Technologies (AVG) downgraded to Neutral from Overweight at JPMorgan... Allegion (ALLE) downgraded to In-Line from Outperform at Imperial Capital... Amec Foster Wheeler (AMFW) downgraded to Neutral from Buy at BofA/Merrill... American Residential downgraded to Market Perform at Raymond James... Avon Products (AVP) downgraded to Sell from Neutral at UBS... BankUnited (BKU) downgraded to Equal Weight from Overweight at Barclays... Bloomin' Brands (BLMN) downgraded to Equal Weight from Overweight at Morgan Stanley... CSG Systems (CSGS) downgraded to Equal-Weight from Overweight at First Analysis... Castlight Health (CSLT) downgraded to Market Perform from Outperform at Leerink... Centrica (CPYYY) downgraded to Neutral from Buy at Goldman... Cimarex Energy (XEC) downgraded to Hold from Buy at Wunderlich... Dyax (DYAX) downgraded to Hold from Buy at Needham... EVERTEC (EVTC) downgraded to Hold from Buy at Deutsche Bank... Energy Focus (EFOI) downgraded to Neutral from Buy at Roth Capital... FireEye (FEYE) downgraded to Market Perform from Outperform at FBR Capital... Franklin Covey (FC) downgraded to Market Perform from Outperform at William Blair... HSN, Inc. (HSNI) downgraded after results miss at Stifel... HomeAway (AWAY) downgraded to Neutral from Buy at UBS... Iberdrola (IBDRY) downgraded to Neutral from Buy at Goldman... Kindred Healthcare (KND) downgraded to Market Perform from Outperform at Wells Fargo... King Digital (KING) downgraded to Hold from Buy at Stifel... Lannett (LCI) downgraded to Hold from Buy at Craig-Hallum... Lombard Medical (EVAR) downgraded to Neutral from Buy at BTIG... Memorial Production (MEMP) downgraded to Hold from Buy at Wunderlich... Numerex (NMRX) downgraded to Neutral from Buy at Sidoti... Oracle (ORCL) downgraded to Market Perform from Outperform at FBR Capital... Ormat Technologies (ORA) downgraded to Market Perform from Outperform at Avondale... Papa Murphy's (FRSH) downgraded to Market Perform from Outperform at William Blair... Plains All American (PAA) downgraded on weak guidance at Stifel... SBA Communications (SBAC) downgraded to Hold from Buy at Evercore ISI... Sapiens (SPNS) downgraded to Neutral from Buy at Roth Capital... SodaStream (SODA) downgraded to Neutral at Susquehanna... Sun Life Financial (SLF) downgraded to Neutral from Outperform at Macquarie... Texas Roadhouse (TXRH) downgraded to Underweight at Morgan Stanley... Tilly's (TLYS) downgraded to Neutral from Buy at B. Riley... Time Warner (TWX) downgraded to Market Perform from Outperform at Wells Fargo... United Natural Foods (UNFI) downgraded to Neutral from Overweight at Piper Jaffray... Vermilion Energy (VET) downgraded to Sell from Neutral at Goldman... W.P. Carey (WPC) downgraded to Hold from Buy at Evercore ISI... Walker & Dunlop (WD) downgraded to Market Perform from Outperform at Keefe Bruyette... Westlake Chemical (WLK) downgraded on valuation, increased spending at RBC Capital... Wi-LAN (WILN) downgraded to Hold from Speculative Buy at Canaccord.
11/06/15
SUSQ
11/06/15
NO CHANGE
Target $20
SUSQ
Positive
Kindred Healthcare fundamentally undervalued, says Susquehanna
Susquehanna believes shares of Kindred Healthcare are fundamentally undervalued, particularly on a sum-of-the-parts basis, but said the stock is now a "show-me" story as the challenging environment for the hospital business is expected to continue. Susquehanna maintained its Positive rating, but lowered its price target to $20 from $30 on Kindred Healthcare shares.
12/18/15
AVON
12/18/15
DOWNGRADE
AVON
Market Perform
Kindred Healthcare downgraded to Market Perform from Outperform at Avondale
Avondale downgraded Kindred Healthcare to Market Perform and lowered its price target to $14 from $16 on shares. The firm sees risk surrounding the LTAC and criteria implementation along with potential weaker pricing and and increasing cost environment in 2016.
12/18/15
12/18/15
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aixtron (AIXG) downgraded to Equal Weight from Overweight at Morgan Stanley... ArcelorMittal (MT) downgraded to Sector Perform from Outperform at RBC Capital... Biodel (BIOD) downgraded to Market Perform from Outperform at William Blair... Boeing (BA) downgraded to Market Perform from Outperform at Wells Fargo... Bristow Group (BRS) downgraded to Market Perform from Outperform at William Blair... Charles Schwab (SCHW) downgraded to Neutral from Overweight at Piper Jaffray... Denbury Resources (DNR) downgraded at Stifel... EMC Insurance (EMCI) downgraded to Hold from Buy at Sandler O'Neill... Forum Energy (FET) downgraded to Market Perform from Outperform at William Blair... Fossil (FOSL) downgraded to Sell from Neutral at Goldman... GasLog Partners (GLOP) downgraded to Underweight from Neutral at JPMorgan... Herman Miller (MLHR) downgraded to Market Perform from Outperform at Raymond James... Hub Group (HUBG) downgraded to Neutral from Outperform at Baird... Investors Real Estate (IRET) downgraded to Hold from Buy at Wunderlich... Kindred Healthcare (KND) downgraded to Market Perform from Outperform at Avondale... Knight Transportation (KNX) downgraded to Neutral from Buy at Citi... LaSalle Hotel (LHO) downgraded to Underweight from Equal Weight at Barclays... National Oilwell (NOV) downgraded to Market Perform from Outperform at William Blair... Patriot National (PN) downgraded to Market Perform from Outperform at William Blair... Plains All American (PAA) downgraded to Neutral from Accumulate at Seaport Global... Plains GP Holdings (PAGP) downgraded to Neutral from Accumulate at Seaport Global... RLJ Lodging Trust (RLJ) downgraded to Underweight from Equal Weight at Barclays... Sandvik AB (SDVKY) downgraded to Underperform from Hold at Jefferies... Seadrill Partners (SDLP) downgraded to Neutral from Buy at Seaport Global... Synergy Pharmaceuticals (SGYP) downgraded to Neutral from Buy at Citi... Texas Instruments (TXN) downgraded to Market Perform from Outperform at Bernstein... Tim Participacoes (TSU) downgraded to Sell from Neutral at Goldman... Ultra Petroleum (UPL) downgraded on commmodity outlook, debt at Stifel.
VTR Ventas
$69.19

-1.44 (-2.04%)

07/13/16
ARGS
07/13/16
INITIATION
ARGS
Hold
Ventas initiated with a Hold at Argus
Argus analyst Jacob Kilstein initiated Ventas with a Hold citing full valuation.
07/26/16
RAJA
07/26/16
INITIATION
RAJA
Market Perform
Ventas initiated with a Market Perform at Raymond James
Raymond James analyst Jonathan Hughes started Ventas with a Market Perform rating.
08/01/16
HDLY
08/01/16
DOWNGRADE
HDLY
Underperform
Ventas downgraded to Underperform from Neutral at Hilliard Lyons
Hilliard Lyons analyst John Roberts downgraded Ventas to Underperform citing recent strong shares performance.
08/25/16
BTIG
08/25/16
INITIATION
BTIG
Neutral
Ventas initiated with a Neutral at BTIG

TODAY'S FREE FLY STORIES

KBR

KBR

$14.05

-1.43 (-9.24%)

18:47
04/28/17
04/28
18:47
04/28/17
18:47
Hot Stocks
KBR issues statement on SFO investigation »

KBR made the following…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Apr

SMMT

Summit Therapeutics

$11.00

-0.4 (-3.51%)

18:32
04/28/17
04/28
18:32
04/28/17
18:32
Hot Stocks
Summit Therapeutics publishes results from CoDIFy trial online »

Summit Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TKPYY

Takeda Pharmaceutical Co. Ltd.

$24.83

0.85 (3.54%)

18:14
04/28/17
04/28
18:14
04/28/17
18:14
Hot Stocks
Takeda says FDA grants accelerated approval of ALUNBRIG »

Takeda Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

18:07
04/28/17
04/28
18:07
04/28/17
18:07
Hot Stocks
FDIC named receiver of First NBC Bank »

First NBC Bank, the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SGBK

Stonegate Bank

$45.90

-0.52 (-1.12%)

17:47
04/28/17
04/28
17:47
04/28/17
17:47
Earnings
Stonegate Bank reports Q1 non-GAAP EPS 56c, consensus 57c »

Reports Q1 NII $25.89M,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PROV

Provident Financial

$19.23

-0.03 (-0.16%)

17:45
04/28/17
04/28
17:45
04/28/17
17:45
Hot Stocks
Provident Financial announces extension of stock repurchase plan »

Provident Financial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Apr

YGE

Yingli Green Energy

$2.66

-0.03 (-1.12%)

17:40
04/28/17
04/28
17:40
04/28/17
17:40
Hot Stocks
Yingli Green Energy files extension for 2016 Form 20-F filing »

Yingli Green Energy has…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

EPC

Edgewell Personal Care

$71.49

-0.14 (-0.20%)

17:40
04/28/17
04/28
17:40
04/28/17
17:40
Hot Stocks
Breaking Hot Stocks news story on Edgewell Personal Care »

Gabelli raises stake in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:35
04/28/17
04/28
17:35
04/28/17
17:35
Syndicate
Breaking Syndicate news story on Orchid Island Capital »

Orchid Island Capital…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Apr

  • 13

    Jun

AEP

American Electric

$67.83

-0.27 (-0.40%)

17:35
04/28/17
04/28
17:35
04/28/17
17:35
Hot Stocks
AEP Generation Resources seeks bids for supply of coal »

AEP Generation Resources,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:34
04/28/17
04/28
17:34
04/28/17
17:34
Syndicate
Breaking Syndicate news story on Orchid Island Capital »

Orchid Island Capital…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Apr

  • 13

    Jun

HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

, FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

17:34
04/28/17
04/28
17:34
04/28/17
17:34
Hot Stocks
Whitney to acquire branches, assets, liabilities of First NBC from FDIC »

Hancock Holding Company…

HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Jun

TSLA

Tesla

$314.07

5.44 (1.76%)

17:31
04/28/17
04/28
17:31
04/28/17
17:31
Periodicals
Tesla aims to hire engineers from Mexico to work at CA plant, Reuters says »

Tesla is aiming to hire…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    May

  • 30

    May

LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:22
04/28/17
04/28
17:22
04/28/17
17:22
Hot Stocks
Lockheed Martin awarded $332.1M government contract »

Lockheed Martin, Orlando,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    May

BA

Boeing

$184.83

1.61 (0.88%)

17:21
04/28/17
04/28
17:21
04/28/17
17:21
Hot Stocks
Boeing awarded $541M government contract modification »

The Boeing Co., Ridley…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    May

WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

, RAD

Rite Aid

$4.00

0.05 (1.27%)

17:20
04/28/17
04/28
17:20
04/28/17
17:20
Periodicals
Walgreens to push regulators over decision on Rite Aid deal, NY Post says »

Walgreens (WBA) will…

WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

RAD

Rite Aid

$4.00

0.05 (1.27%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GE

General Electric

$28.99

-0.09 (-0.31%)

17:20
04/28/17
04/28
17:20
04/28/17
17:20
Hot Stocks
General Electric awarded $670.7M government contract »

General Electric, Lynn,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    May

  • 31

    May

  • 22

    Jun

SIX

Six Flags

$62.61

-0.26 (-0.41%)

17:19
04/28/17
04/28
17:19
04/28/17
17:19
Hot Stocks
Six Flags in agreement to repurchase 5M shares from HP Partners »

Six Flags Entertainment…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    May

  • 17

    May

  • 18

    May

LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:18
04/28/17
04/28
17:18
04/28/17
17:18
Hot Stocks
Lockheed Martin awarded $1.38B government contract »

Lockheed Martin Corp.,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    May

SBBP

Strongbridge Biopharma

$4.50

0.05 (1.12%)

17:16
04/28/17
04/28
17:16
04/28/17
17:16
Syndicate
Breaking Syndicate news story on Strongbridge Biopharma »

Strongbridge Biopharma…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    May

CYH

Community Health

$8.61

0.18 (2.14%)

17:12
04/28/17
04/28
17:12
04/28/17
17:12
Hot Stocks
Community Health completes divestiture of Anniston, Alabama hospital »

Community Health…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

  • 03

    May

  • 06

    Jun

MRUS

Merus

$22.20

-0.14 (-0.63%)

17:07
04/28/17
04/28
17:07
04/28/17
17:07
Earnings
Merus reports Q4 EPS (EUR1.91) vs. (EUR0.77) last year »

Reports Q4 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Jun

  • 06

    Jun

AEZS

Aeterna Zentaris

$3.35

0.3 (9.84%)

17:01
04/28/17
04/28
17:01
04/28/17
17:01
Hot Stocks
Aeterna Zentaris to announces top-line Zoptrex phase 3 results on Monday »

Aeterna Zentaris will…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    May

ANY

Sphere 3D

$0.19

-0.006 (-3.13%)

17:00
04/28/17
04/28
17:00
04/28/17
17:00
Syndicate
Breaking Syndicate news story on Sphere 3D »

Sphere 3D files to sell…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    May

MRUS

Merus

$22.20

-0.14 (-0.63%)

16:56
04/28/17
04/28
16:56
04/28/17
16:56
Hot Stocks
Merus provides anticipated 2017 pipeline milestones »

Merus provided 2017…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Jun

  • 06

    Jun

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.