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PSG

Performance Sports Group

$4.16

0.57 (15.88%)

14:46
10/11/16
10/11
14:46
10/11/16
14:46

Performance Sports Group confirms holding talks with interested parties

Performance Sports Group issued the following statement: "The Company does not generally comment publicly on unusual trading activity, rumors or speculation in the marketplace; however, at the request of the Investment Industry Regulatory Organization of Canada, the Company is advising that, as previously announced, the Board of Directors of the Company has formed a special committee, and the Special Committee, with the assistance of Centerview Partners LLC as its independent financial advisor, is continuing to review and evaluate strategic alternatives. While Centerview and the Company have had discussions with certain interested parties and stakeholders, no agreement has been reached with a third party. Until such time as it is appropriate to make a public announcement on any potential transaction, the Company will not comment further on this matter."

PSG Performance Sports Group
$4.16

0.57 (15.88%)

08/16/16
WEDB
08/16/16
DOWNGRADE
WEDB
Neutral
Performance Sports Group downgraded on potential default at Wedbush
As noted earlier, Wedbush downgraded Performance Sports Group to Neutral from Outperform. Analyst James Hardiman says that the delay in the filing of the company's 10-K could cause it to default. The analyst notes that the company's credit facility agreement stipulates that it will be in technical default if its audited 10-K is not issued within two weeks from now, while it will be in full default if the document is not issued within 45 days. Target to $2.50 from $5.
08/16/16
DADA
08/16/16
DOWNGRADE
DADA
Neutral
Performance Sports Group downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Andrew Burns downgraded Performance Sports after the company delayed the filing of its 10-K. The analyst notes that the delay has caused the company to violate its debt covenants. Bruns says that he lacks confidence in the company's results and ability to finance its business going forward, making the stock too uncertain to recommend. Target to $2 from $12.
08/16/16
08/16/16
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. Hain Celestial (HAIN) downgraded to Equal Weight from Overweight at Barclays, to Neutral from Buy at SunTrust, to Underweight from Neutral at Piper Jaffray, and to Underweight from Neutral at Atlantic Equities. 2. JPMorgan (JPM), SunTrust (STI), and Regions Financial (RF) downgraded to Market Perform from Outperform at Bernstein. 3. Performance Sports Group (PSG) downgraded to Neutral from Outperform at Wedbush with analyst James Hardiman saying the delay in the filing of the company's 10-K could cause it to default. 4. Ocean Rig UDW (ORIG) downgraded to Hold from Buy at Deutsche Bank with analyst Mike Urban saying the company's restructuring is likely unfavorable for existing equity holders. 5. Alarm.com (ALRM) downgraded to Market Perform from Outperform at Raymond James with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/16
CHLM
09/19/16
INITIATION
Target $4
CHLM
Hold
Performance Sports Group initiated with a Hold at Craig-Hallum
Craig-Hallum initiated Performance Sports Group with a Hold and a $4 price target given near-term risks and and recommends waiting for stabilization within the market environment.

TODAY'S FREE FLY STORIES

KBR

KBR

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SMMT

Summit Therapeutics

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TKPYY

Takeda Pharmaceutical Co. Ltd.

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0.85 (3.54%)

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FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

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SGBK

Stonegate Bank

$45.90

-0.52 (-1.12%)

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PROV

Provident Financial

$19.23

-0.03 (-0.16%)

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Provident Financial announces extension of stock repurchase plan »

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YGE

Yingli Green Energy

$2.66

-0.03 (-1.12%)

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Yingli Green Energy files extension for 2016 Form 20-F filing »

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EPC

Edgewell Personal Care

$71.49

-0.14 (-0.20%)

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  • 02

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:35
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  • 28

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AEP

American Electric

$67.83

-0.27 (-0.40%)

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

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

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  • 28

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HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

, FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

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HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

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  • 06

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TSLA

Tesla

$314.07

5.44 (1.76%)

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

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  • 03

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LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:22
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Lockheed Martin awarded $332.1M government contract »

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  • 31

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BA

Boeing

$184.83

1.61 (0.88%)

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Boeing awarded $541M government contract modification »

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  • 31

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WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

, RAD

Rite Aid

$4.00

0.05 (1.27%)

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GE

General Electric

$28.99

-0.09 (-0.31%)

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General Electric awarded $670.7M government contract »

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SIX

Six Flags

$62.61

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LMT

Lockheed Martin

$269.45

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  • 31

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SBBP

Strongbridge Biopharma

$4.50

0.05 (1.12%)

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  • 11

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CYH

Community Health

$8.61

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MRUS

Merus

$22.20

-0.14 (-0.63%)

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AEZS

Aeterna Zentaris

$3.35

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  • 09

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ANY

Sphere 3D

$0.19

-0.006 (-3.13%)

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  • 11

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MRUS

Merus

$22.20

-0.14 (-0.63%)

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