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

GPRO

GoPro

$9.14

-0.04 (-0.44%)

14:50
04/27/17
04/27
14:50
04/27/17
14:50
Options
GoPro options imply 13.6% move in share price post-earnings, above median historical move »

Pre-earnings options…

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

    Apr

  • 24

    May

  • 25

    May

GOOG

Alphabet

$871.73

-0.57 (-0.07%)

, GOOGL

Alphabet Class A

$889.14

0.3 (0.03%)

14:49
04/27/17
04/27
14:49
04/27/17
14:49
Earnings
On The Fly: What to watch in Alphabet earnings report »

Alphabet (GOOG, GOOGL),…

GOOG

Alphabet

$871.73

-0.57 (-0.07%)

GOOGL

Alphabet Class A

$889.14

0.3 (0.03%)

T

AT&T

$40.04

-0.3999 (-0.99%)

VZ

Verizon

$46.84

-0.5237 (-1.11%)

JNJ

Johnson & Johnson

$123.63

0.12 (0.10%)

PEP

PepsiCo

$112.85

-0.485 (-0.43%)

WMT

Wal-Mart

$75.39

-0.04 (-0.05%)

DISH

Dish

$63.30

0.76 (1.22%)

SBUX

Starbucks

$61.56

0.6 (0.98%)

GM

General Motors

$34.47

0.09 (0.26%)

FOXA

21st Century Fox

$30.74

0.13 (0.42%)

FOX

21st Century Fox

$30.05

0.16 (0.54%)

AMZN

Amazon.com

$909.29

1.67 (0.18%)

FB

Facebook

$146.56

0.07 (0.05%)

CMCSK

Comcast

CMCSA

Comcast

$38.79

0.3 (0.78%)

PYPL

PayPal

$44.41

-0.3 (-0.67%)

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

    Apr

  • 27

    Apr

  • 27

    Apr

  • 27

    Apr

  • 27

    Apr

  • 27

    Apr

  • 28

    Apr

  • 01

    May

  • 01

    May

  • 02

    May

  • 03

    May

  • 03

    May

  • 05

    May

  • 08

    May

  • 09

    May

  • 10

    May

  • 16

    May

  • 16

    May

  • 16

    May

  • 17

    May

  • 22

    May

  • 23

    May

  • 24

    May

  • 31

    May

  • 02

    Jun

  • 06

    Jun

  • 15

    Jun

  • 20

    Jun

  • 20

    Jun

  • 21

    Jun

  • 22

    Jun

  • 22

    Jun

FSLR

First Solar

$28.99

1.45 (5.27%)

14:46
04/27/17
04/27
14:46
04/27/17
14:46
Upgrade
First Solar rating change  »

First Solar upgraded to…

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

  • 02

    May

  • 03

    May

  • 17

    May

14:45
04/27/17
04/27
14:45
04/27/17
14:45
General news
FX Action: USD-JPY »

FX Action: USD-JPY gains…

ZTS

Zoetis

$56.47

0.895 (1.61%)

14:41
04/27/17
04/27
14:41
04/27/17
14:41
Options
Timely sweep of Zoetis short-term calls »

Timely sweep of Zoetis…

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

  • 04

    May

14:40
04/27/17
04/27
14:40
04/27/17
14:40
General news
Canada Industrial Product Price Index Preview »

Canada Industrial Product…

SNCR

Synchronoss

$24.62

-0.02 (-0.08%)

14:38
04/27/17
04/27
14:38
04/27/17
14:38
Downgrade
Synchronoss rating change  »

Synchronoss downgraded to…

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

14:36
04/27/17
04/27
14:36
04/27/17
14:36
General news
S&P flat, Nasdaq higher as investors brace for tech earnings barrage »

Stocks are little changed…

FSLR

First Solar

$28.99

1.45 (5.27%)

14:35
04/27/17
04/27
14:35
04/27/17
14:35
Upgrade
First Solar rating change  »

First Solar upgraded to…

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

  • 02

    May

  • 03

    May

  • 17

    May

PRTY

Party City

$16.25

1.5 (10.17%)

14:34
04/27/17
04/27
14:34
04/27/17
14:34
Periodicals
Party City looking into sale of the company, Reuters reports »

Party City is looking…

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

MU

Micron

$26.79

-0.2 (-0.74%)

14:33
04/27/17
04/27
14:33
04/27/17
14:33
Recommendations
Micron analyst commentary  »

Micron new CEO 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

  • 01

    May

  • 02

    May

  • 03

    May

  • 04

    May

  • 15

    May

  • 30

    May

  • 31

    May

  • 01

    Jun

  • 07

    Jun

BIIB

Biogen

$279.98

-6.91 (-2.41%)

, AMGN

Amgen

$164.61

-0.09 (-0.05%)

14:31
04/27/17
04/27
14:31
04/27/17
14:31
Earnings
On The Fly: What to watch in biotech earnings reports »

The earnings season for…

BIIB

Biogen

$279.98

-6.91 (-2.41%)

AMGN

Amgen

$164.61

-0.09 (-0.05%)

CELG

Celgene

$125.20

-0.32 (-0.25%)

GILD

Gilead

$68.22

1.1 (1.64%)

IONS

Ionis Pharmaceuticals

$46.96

-0.92 (-1.92%)

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

    Apr

  • 27

    Apr

  • 02

    May

  • 02

    May

  • 09

    May

  • 24

    May

  • 31

    May

  • 19

    Jul

  • 14

    Aug

WFT

Weatherford

$5.49

-0.25 (-4.36%)

14:31
04/27/17
04/27
14:31
04/27/17
14:31
Options
Weatherford with hefty option blocks ahead of earnings »

Weatherford with hefty…

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

  • 15

    Jun

$NSD

NASDAQ Market Internals

14:17
04/27/17
04/27
14:17
04/27/17
14:17
Technical Analysis
NASDAQ 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

JPM

JPMorgan

$87.54

-0.895 (-1.01%)

14:17
04/27/17
04/27
14:17
04/27/17
14:17
Periodicals
Breaking Periodicals news story on JPMorgan »

JPMorgan won't…

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

    Apr

  • 09

    May

  • 19

    May

  • 14

    Jul

  • 12

    Oct

  • 13

    Apr

  • 13

    Jul

  • 12

    Oct

$NYE

NYSE Market Internals

14:16
04/27/17
04/27
14:16
04/27/17
14:16
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

WEX

WEX

$102.16

-4.69 (-4.39%)

14:14
04/27/17
04/27
14:14
04/27/17
14:14
Upgrade
WEX rating change  »

WEX upgraded to…

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

    Apr

  • 09

    May

NBLX

Noble Midstream

$48.99

-0.715 (-1.44%)

14:12
04/27/17
04/27
14:12
04/27/17
14:12
Hot Stocks
Noble Midstream boosts quarterly distribution 4.7% »

Noble Midstream Partners…

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

  • 11

    May

SBUX

Starbucks

$61.56

0.6 (0.98%)

14:11
04/27/17
04/27
14:11
04/27/17
14:11
Earnings
On The Fly: What to watch in Starbucks earnings report »

Starbucks (SBUX) is…

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

    Apr

  • 24

    May

JCP

J.C. Penney

$5.45

-0.07 (-1.27%)

14:11
04/27/17
04/27
14:11
04/27/17
14:11
Options
Doom puts opened in JC Penney as shares fall to 52-week lows »

Doom puts opened in JC…

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

  • 16

    May

  • 19

    May

  • 24

    May

GRUB

GrubHub

$41.43

6.41 (18.30%)

, YELP

Yelp

$35.79

1.21 (3.50%)

14:03
04/27/17
04/27
14:03
04/27/17
14:03
Hot Stocks
GrubHub soars after showing eye-popping user growth »

Shares of GrubHub (GRUB)…

GRUB

GrubHub

$41.43

6.41 (18.30%)

YELP

Yelp

$35.79

1.21 (3.50%)

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

    Apr

  • 09

    May

  • 11

    May

  • 16

    May

  • 24

    May

  • 25

    May

  • 05

    Jun

  • 08

    Jun

DISH

Dish

$63.30

0.76 (1.22%)

13:54
04/27/17
04/27
13:54
04/27/17
13:54
Hot Stocks
Dish appoints Andy LeCuyer to lead programming group »

DISH announced that Andy…

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

  • 01

    May

  • 01

    May

ALKS

Alkermes

$57.13

0.13 (0.23%)

13:46
04/27/17
04/27
13:46
04/27/17
13:46
Recommendations
Alkermes analyst commentary  »

JPMorgan keeps Overweight…

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

    Apr

  • 03

    May

  • 04

    May

  • 06

    Jun

  • 08

    Jun

INTC

Intel

$36.93

0.06 (0.16%)

, MBLY

Mobileye

$61.94

0.115 (0.19%)

13:44
04/27/17
04/27
13:44
04/27/17
13:44
Earnings
On The Fly: What to watch for in Intel's earnings report »

Intel (INTC) is scheduled…

INTC

Intel

$36.93

0.06 (0.16%)

MBLY

Mobileye

$61.94

0.115 (0.19%)

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

    Apr

  • 01

    May

  • 02

    May

  • 02

    May

  • 03

    May

  • 04

    May

  • 15

    May

  • 30

    May

  • 01

    Jun

ALKS

Alkermes

$57.13

0.13 (0.23%)

13:42
04/27/17
04/27
13:42
04/27/17
13:42
Recommendations
Alkermes analyst commentary  »

Jefferies trims Alkermes…

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

    Apr

  • 03

    May

  • 04

    May

  • 06

    Jun

  • 08

    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.