Breaking News Instant updates and real-time market news.

LOW

Lowe's

$72.09

-0.16 (-0.22%)

08:32
10/07/16
10/07
08:32
10/07/16
08:32

Lowe's to acquire RONA's preferred shares for C$24.00 per share

Lowe's and RONA announced that Lowe's, through a wholly owned subsidiary, and RONA have entered into a definitive agreement for the acquisition of RONA's outstanding Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares and Cumulative Floating Rate Series 7 Class A Preferred Shares for C$24.00 per share in cash pursuant to a plan of arrangement under the Business Corporations Act. The board of directors of RONA, after consultation with its financial and legal advisors, has unanimously approved the transaction and has resolved to unanimously recommend that holders of the Preferred Shares vote in favour of the transaction at a meeting of Preferred Shareholders to be held to consider the transaction. RBC Capital Markets has provided a fairness opinion to RONA's board of directors that, subject to the assumptions, limitations and qualifications set out in such fairness opinion, and as of the date of such opinion, the consideration under the transaction is fair from a financial point of view to the Preferred Shareholders. The transaction is subject to court approval and the requisite approval of the Preferred Shareholders. Assuming the required approvals are received, the transaction is expected to be consummated before the end of the year.

LOW Lowe's
$72.09

-0.16 (-0.22%)

09/19/16
BARD
09/19/16
NO CHANGE
Target $88
BARD
Outperform
Lowe's risk/reward remains attractive, says Baird
Baird analyst Peter Benedict said the recent pullback in Lowe's shares is an attractive buying opportunity. The analyst cited macro drivers, consistency around key operating initiatives, and a durable financial model capable of delivering high-teens earnings growth over the next few years. Benedict reiterated his Outperform rating and $88 price target on Lowe's shares.
10/06/16
CLVD
10/06/16
DOWNGRADE
CLVD
Neutral
Lowe's downgraded to Neutral from Buy at Cleveland Research
10/06/16
10/06/16
DOWNGRADE

Neutral
Lowe's downgraded on end market demand, execution at Cleveland Research
As previously reported, Cleveland Research downgraded Lowe's to Neutral from Buy. Analyst led by Eric Bosshard's work suggest a moderation in demand in the building product categories generally and in homecenter categories over the last 4-5 months. He sees Lowe's struggling to sustain the upside execution needed to post growth ahead of Street expectations and has concerns with diversification efforts and would prefer the company focus on improving execution in its core US business.
10/06/16
10/06/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Neutral from Buy at Goldman with analyst David Tamberrino saying he sees incremental risk to Tesla's business related to management's willingness to deploy capital for M&A, and he believes that any delay in the company's new Model 3 launch will be detrimental to shares. 2. JPMorgan (JPM) downgraded to Hold from Buy at Sandler O'Neill with analyst Jeffery Harte citing relative share outperformance. 3. Abercrombie & Fitch (ANF) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jessica Schmidt saying the elevated promotions add to other headwinds, including the fact that the teen space is "overstored" and faces soft consumer demand and weak tourism. 4. American Express (AXP) downgraded to Reduce from Neutral at Nomura with analyst Bill Carcache saying the combination of weaker than expected revenues and higher than expected expenses will weigh on the shares. 5. Lowe's (LOW) downgraded to Neutral from Buy at Cleveland Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

RYAAY

Ryanair

$109.06

-0.22 (-0.20%)

11:41
06/26/17
06/26
11:41
06/26/17
11:41
Initiation
Ryanair initiated  »

Ryanair initiated with an…

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

BIIB

Biogen

$280.32

-0.25 (-0.09%)

11:38
06/26/17
06/26
11:38
06/26/17
11:38
Conference/Events
Biogen management to meet with Evercore ISI »

Meeting to be held in New…

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

  • 29

    Jun

  • 25

    Jul

CNS

Cohen & Steers

$40.58

0.12 (0.30%)

11:33
06/26/17
06/26
11:33
06/26/17
11:33
Conference/Events
Cohen & Steers management to meet with Evercore ISI »

Meeting to be held in New…

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

  • 29

    Jun

ORCL

Oracle

$51.11

0.16 (0.31%)

, BAC

Bank of America

$22.79

-0.035 (-0.15%)

11:32
06/26/17
06/26
11:32
06/26/17
11:32
Hot Stocks
Oracle confirms Bank of America as ERP customer »

Oracle (ORCL) announced…

ORCL

Oracle

$51.11

0.16 (0.31%)

BAC

Bank of America

$22.79

-0.035 (-0.15%)

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

  • 26

    Jun

  • 28

    Jun

FINL

Finish Line

$13.65

0.92 (7.23%)

11:30
06/26/17
06/26
11:30
06/26/17
11:30
Options
Vote of confidence in Finish Line »

Vote of confidence 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

ORCL

Oracle

$51.11

0.156 (0.31%)

11:28
06/26/17
06/26
11:28
06/26/17
11:28
Conference/Events
Oracle management to meet with Evercore ISI »

Meetings to be held 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

  • 26

    Jun

  • 28

    Jun

OXY

Occidental Petroleum

$59.84

-0.28 (-0.47%)

11:25
06/26/17
06/26
11:25
06/26/17
11:25
Conference/Events
Occidental Petroleum management to meet with Evercore ISI »

Meeting to be held in New…

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

    Jun

HTZ

Hertz

$10.34

0.8046 (8.43%)

11:25
06/26/17
06/26
11:25
06/26/17
11:25
Options
Hertz call volume above normal and directionally bullish »

Bullish option flow…

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

BABA

Alibaba

$141.72

-1.31 (-0.92%)

11:24
06/26/17
06/26
11:24
06/26/17
11:24
Periodicals
Alibaba-backed Best Inc aiming to raise up to $750M in IPO, WWD reports »

Best Inc., a logistics…

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

    Jun

NFG

National Fuel

$56.53

0.16 (0.28%)

11:22
06/26/17
06/26
11:22
06/26/17
11:22
Conference/Events
National Fuel management to meet with Jefferies »

Meeting to be held 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

  • 27

    Jun

  • 28

    Jun

NFG

National Fuel

$56.53

0.16 (0.28%)

11:22
06/26/17
06/26
11:22
06/26/17
11:22
Conference/Events
National Fuel management to meet with Evercore ISI »

Meeting to be held in New…

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

  • 27

    Jun

  • 28

    Jun

FN

Fabrinet

$42.84

2.82 (7.05%)

, AAOI

Applied Optoelectronics

$65.87

2.29 (3.60%)

11:18
06/26/17
06/26
11:18
06/26/17
11:18
Hot Stocks
Fabrinet rises, Applied Optoelectronics sinks after Needham uncovers AWS deal »

Fabrinet (FN) has won a…

FN

Fabrinet

$42.84

2.82 (7.05%)

AAOI

Applied Optoelectronics

$65.87

2.29 (3.60%)

MTSI

MACOM

$58.26

1.76 (3.12%)

AMZN

Amazon.com

$1,003.74

2.44 (0.24%)

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

  • 26

    Jun

  • 26

    Jun

  • 26

    Jun

  • 28

    Jun

  • 12

    Jul

  • 13

    Jul

  • 29

    Aug

ADNT

Adient

$64.75

0.62 (0.97%)

11:17
06/26/17
06/26
11:17
06/26/17
11:17
Conference/Events
Adient to hold a meeting »

EVP & CFO Stafeil,…

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

  • 27

    Jun

  • 27

    Jul

ORCL

Oracle

$51.32

0.37 (0.73%)

, BAC

Bank of America

$22.83

0.0134 (0.06%)

11:17
06/26/17
06/26
11:17
06/26/17
11:17
Periodicals
Oracle signs BofA as customer for ERP, financial planning software, CNBC says »

Oracle (ORCL) signed Bank…

ORCL

Oracle

$51.32

0.37 (0.73%)

BAC

Bank of America

$22.83

0.0134 (0.06%)

SAP

SAP

$107.12

-0.36 (-0.33%)

AMZN

Amazon.com

$1,003.74

2.44 (0.24%)

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

  • 26

    Jun

  • 26

    Jun

  • 28

    Jun

  • 28

    Jun

$NSD

NASDAQ Market Internals

11:17
06/26/17
06/26
11:17
06/26/17
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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

$NYE

NYSE Market Internals

11:16
06/26/17
06/26
11:16
06/26/17
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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

11:15
06/26/17
06/26
11:15
06/26/17
11:15
General news
Treasury announced a $40 4-week bill sale for Tuesday »

Treasury announced a $40…

11:15
06/26/17
06/26
11:15
06/26/17
11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

11:15
06/26/17
06/26
11:15
06/26/17
11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

ARNC

Arconic

$23.86

-1.68 (-6.58%)

11:12
06/26/17
06/26
11:12
06/26/17
11:12
Periodicals
Arconic discontinuing global Reynobond PE sales for high-rise uses »

CNBC tweets that Arconic…

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

ARNC

Arconic

$23.99

-1.55 (-6.07%)

11:10
06/26/17
06/26
11:10
06/26/17
11:10
Periodicals
Breaking Periodicals news story on Arconic »

Arconic to limit sales of…

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

RAD

Rite Aid

$3.11

-0.005 (-0.16%)

, WBA

Walgreens Boots Alliance

$76.34

-0.03 (-0.04%)

11:10
06/26/17
06/26
11:10
06/26/17
11:10
Hot Stocks
Rite Aid jumps after CTFN publishes report »

Shares of Rite Aid (RAD)…

RAD

Rite Aid

$3.11

-0.005 (-0.16%)

WBA

Walgreens Boots Alliance

$76.34

-0.03 (-0.04%)

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

  • 29

    Jun

CAR

Avis Budget

$24.24

1.23 (5.35%)

11:10
06/26/17
06/26
11:10
06/26/17
11:10
Options
Higher volume in Avis fueled by talk about a deal with Google (GOOG) »

Higher volume in Avis…

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

PODD

Insulet

$49.38

0.58 (1.19%)

11:05
06/26/17
06/26
11:05
06/26/17
11:05
Conference/Events
Insulet participates in a conference call with Leerink »

Conference call with…

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

BA

Boeing

$202.32

0.09 (0.04%)

, RYAAY

Ryanair

$109.06

-0.22 (-0.20%)

11:04
06/26/17
06/26
11:04
06/26/17
11:04
Hot Stocks
Boeing reports 153 new orders since last update »

Boeing (BA) on its…

BA

Boeing

$202.32

0.09 (0.04%)

RYAAY

Ryanair

$109.06

-0.22 (-0.20%)

UAL

United Continental

$77.13

0.34 (0.44%)

AER

AerCap

$45.81

0.17 (0.37%)

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

  • 26

    Jun

  • 07

    Jul

  • 26

    Jul

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.