Breaking News Instant updates and real-time market news.

DYN

Dynegy

$12.55

-0.06 (-0.48%)

, GNK

Genco Shipping

$5.36

0.05 (0.94%)

16:32
10/14/16
10/14
16:32
10/14/16
16:32

Dynegy reaches pact over Illinois Power Generating financial restructuring

Dynegy (DYN) has entered into a restructuring support agreement with Illinois Power Generating Company (GNK) of Genco bondholders to restructure $825M in unsecured debt at Genco. Dynegy, Genco and the Ad Hoc Group have agreed that holders of the Genco notes who enter into the RSA on or before October 21, 2016, will be paid their pro rata share of $9M in cash upon consummation of a transaction, with such pro rata share determined as the proportion that the amount of Genco notes held by each such holder bears to the aggregate amount of Genco notes held by all holders entitled to receive a share of the $9M.

DYN

Dynegy

$12.55

-0.06 (-0.48%)

GNK

Genco Shipping

$5.36

0.05 (0.94%)

DYN Dynegy
$12.55

-0.06 (-0.48%)

06/29/16
06/29/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on the today's top five analyst upgrades with this list compiled by The Fly: 1. Oracle (ORCL) upgraded to Neutral from Underweight at JPMorgan by analyst Mark Murphy, who says the stock's underperformance is likely to subside amid easier comps Oracle shares have underperformed the S&P 500 Index by 1,320 basis points in the last 18 months. Sentiment has turned very negative even though Oracle now has its easiest year-over-year revenue and earnings comparisons it has had in 14 years, the analyst contends. He raised his price target for Oracle shares to $38 from $37. 2. IPG Photonics (IPGP) upgraded to Buy from Hold at Canaccord by analyst Bobby Burleson, who raised his price target on the stock to $90 from $85. The analyst said further share weakness related to Brexit results has created an attractive entry point and believes the worst of negative earnings revisions is behind the company. Burleson said IPG's long-term opportunity remains intact based on an outlook for continued fiber laser share gains in metal processing and believes a return to solid year-over-year growth will boost investor confidence and allow for valuation expansion. 3. Centene (CNC) upgraded to Overweight from Equal Weight at Morgan Stanley by analyst Andrew Schenker, who says he has increased confidence in the stability of Centene's platform with the addition of Health Net and the long-term pipeline following meetings with management in Asia and the June Investor Day. The analyst said he came away with increased clarity and synergies on the deal and increased 2016-2018 forecasts approximately 3% above consensus. Schenker raised Centene's price target to $86 from $84. 4. Dynegy (DYN) upgraded to Buy from Neutral at SunTrust, citing valuation, its belief that the company's debt restructuring could enhance its equity valuation, and the positive impact of the company's acquisition of the Engie portfolio. The firm raised its price target to $20 from $18. Citi analyst Praful Mehta also upgraded Dynegy to Buy from Neutral, saying the recent pullback in the shares is overdone. Brexit has very little impact on the company. Mehta lowered his price target to $19 from $21. 5. Tesoro (TSO) upgraded to Buy from Neutral at Goldman by analyst Neil Mehta, given given a more constructive outlook for the California refining market, underappreciated value in non-refining assets, including retail and midstream businesses, limited risk from higher INs and lower Brent-WTI, and attractive valuation. The analyst raised his price target on Tesoro shares to $100 from $96. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/26/16
DBAB
07/26/16
UPGRADE
Target $20
DBAB
Buy
Calpine upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Abe Azar upgraded Calpine (CPN) to Buy citing valuation following the year-to-date underperformance relative to peers Dynegy (DYN) and NRG Energy (NRG). The analyst views the current valuation as "reasonable" and calls Calpine lower risk. He raised his price target for the shares to $20 from $18.
08/05/16
RHCO
08/05/16
NO CHANGE
RHCO
Dynegy weakness appears overdone, says SunTrust
After Dynegy reported roughly in-line Q2 EBITDA, SunTrust analyst Ali Agha notes that the company's stock has fallen 32% over the last two months. The analyst notes that power prices have been "relatively flat" over this period, and he believes that Dynegy has a number of positive catalysts going forward. The analyst trimmed his price target on the shares to $20 from $21 but keeps a Buy rating.
09/13/16
WOLF
09/13/16
DOWNGRADE
WOLF
Peer Perform
Dynegy downgraded to Peer Perform from Outperform at Wolfe Research
GNK Genco Shipping
$5.36

0.05 (0.94%)

12/15/15
MSCO
12/15/15
DOWNGRADE
Target $1.2
MSCO
Underweight
Genco Shipping downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Fotis Giannakoulis downgraded Genco Shipping to Underweight and lowered its price target to $1.20 from $7 on shares. Giannakoulis said the dry bulk market has had its worse year on record and high fleet growth and continued Chinese steel market weakness are expected to keep the market under pressure though 2017. The analyst Genco's spot and relatively aged fleet leaves it exposed to the weak market and will likely have to issue equity to deal with cash burn.
12/15/15
12/15/15
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advance Auto Parts (AAP) downgraded at BB&T... Affiliated Managers (AMG) downgraded to Neutral from Buy at Citi... American Axle (AXL) downgraded on lack of catalysts, potential M&A at RBC Capital... Analog Devices (ADI) downgraded to Perform from Outperform at Oppenheimer... Apache (APA) downgraded to Hold from Buy at Argus... Artisan Partners (APAM) downgraded to Sell from Neutral at Citi... Atara Biotherapeutics (ATRA) downgraded to Sell from Buy at Citi... Carlyle Group (CG) downgraded to Neutral from Buy at Citi... Cognizant (CTSH) downgraded to Buy from Conviction Buy at Goldman... Columbia Pipeline Partners (CPPL) downgraded to Sector Perform at Scotia Howard Weil... Dow Chemical (DOW) downgraded to Neutral from Buy at UBS... EQT Midstream Partners (EQM) downgraded to Sector Perform at Scotia Howard Weil... Genco Shipping (GNK) downgraded to Underweight from Equal Weight at Morgan Stanley... Golden Ocean (GOGL) downgraded to Underweight from Equal Weight at Morgan Stanley... Gulfport Energy (GPOR) downgraded to Outperform from Focus List at Scotia Howard Weil... HollyFrontier (HFC) downgraded to Sector Perform at Scotia Howard Weil... Hyatt (H) downgraded to Neutral from Buy at Citi... Jarden (JAH) downgraded to Market Perform from Outperform at Raymond James... Johnson Controls (JCI) downgraded at RBC Capital... KB Home (KBH) downgraded to Underperform from Neutral at Credit Suisse... LaSalle Hotel (LHO) downgraded to Neutral from Buy at Citi... Lexington Realty (LXP) downgraded to Market Perform from Outperform at Wells Fargo... NVR (NVR) downgraded to Underperform from Neutral at Credit Suisse... Neothetics (NEOT) downgraded to Hold from Buy at Needham... Newell Rubbermaid (NWL) downgraded to Market Perform from Outperform at Raymond James... OM Asset Management (OMAM) downgraded to Neutral from Buy at Citi... Oasis Petroleum (OAS) downgraded to Neutral from Buy at UBS... Peabody (BTU) downgraded to Underperform from Neutral at Macquarie... Range Resources (RRC) downgraded to Sector Perform at Scotia Howard Weil... Rexford Industrial (REXR) downgraded to Market Perform from Outperform at Wells Fargo... Safe Bulkers (SB) downgraded to Equal Weight from Overweight at Morgan Stanley... Star Bulk Carriers (SBLK) downgraded to Underweight from Equal Weight at Morgan Stanley... Tenneco (TEN) downgraded at RBC Capital... Verifone (PAY) downgraded to Neutral from Buy at Goldman... Verizon (VZ) downgraded to Neutral from Buy at BTIG... Waddell & Reed (WDR) downgraded to Sell from Neutral at Citi... Warren Resources (WRES) downgraded to Hold from Buy at Noble Financial... West Corp. (WSTC) downgraded to Sell from Neutral at Goldman... Zoe's Kitchen (ZOES) downgraded to Underperform from Neutral at Credit Suisse.
03/10/16
03/10/16
NO CHANGE

Genco Shipping reports Q4 EPS (69c), two estimates (62c)
Reports Q4 revenue $35.0M, one estimate $36.25M.
08/02/16
GHSC
08/02/16
INITIATION
Target $6
GHSC
Neutral
Genco Shipping initiated with a Neutral at Seaport Global
Seaport Global analyst Magnus Fyhr initiated Genco Shipping with a Neutral and $6 price target.

TODAY'S FREE FLY STORIES

VC

Visteon

$95.91

1.05 (1.11%)

06:23
06/26/17
06/26
06:23
06/26/17
06:23
Upgrade
Visteon rating change  »

Visteon 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

MSFT

Microsoft

$71.21

0.95 (1.35%)

06:22
06/26/17
06/26
06:22
06/26/17
06:22
Periodicals
Microsoft Windows 10 source code leaked, The Register reports »

Microsoft suffered a…

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

  • 20

    Jul

ENG

ENGlobal

$1.19

0.1 (9.17%)

06:21
06/26/17
06/26
06:21
06/26/17
06:21
Hot Stocks
ENGlobal announces strategic alliance with Coggins International »

ENGlobal Government…

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

RHHBY

Roche

$32.76

0.46 (1.42%)

06:18
06/26/17
06/26
06:18
06/26/17
06:18
Hot Stocks
Genentech: Emicizumab showed reduction in bleeds across two pivotal studies »

Genentech, a member 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

  • 26

    Jun

  • 13

    Jul

  • 30

    Jul

GM

General Motors

$34.20

0.01 (0.03%)

06:17
06/26/17
06/26
06:17
06/26/17
06:17
Periodicals
General Motors settles hundreds of ignition switch lawsuits, Reuters reports »

General Motors 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

  • 25

    Jul

ILMN

Illumina

$185.28

2.29 (1.25%)

06:16
06/26/17
06/26
06:16
06/26/17
06:16
Hot Stocks
Genomics England adopts Illumina's BaseSpace variant interpreter for cancer »

Illumina and Genomics…

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.

$25.88

-0.04 (-0.15%)

06:15
06/26/17
06/26
06:15
06/26/17
06:15
Hot Stocks
Taked, Biological E. Limited to develop low-cost combination vaccines »

Takeda Pharmaceutical and…

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

HOG

Harley-Davidson

$55.54

-0.69 (-1.23%)

, VLKAY

Volkswagen

$30.63

-0.25 (-0.81%)

06:14
06/26/17
06/26
06:14
06/26/17
06:14
Periodicals
Harley-Davidson 'seriously considering bid' for Volkswagen's Ducati, WSJ says »

Harley-Davidson (HOG) is…

HOG

Harley-Davidson

$55.54

-0.69 (-1.23%)

VLKAY

Volkswagen

$30.63

-0.25 (-0.81%)

AUDVF

Audi AG

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

  • 18

    Jul

  • 02

    Oct

MMSI

Merit Medical

$37.80

0.7 (1.89%)

06:13
06/26/17
06/26
06:13
06/26/17
06:13
Recommendations
Merit Medical analyst commentary  »

Piper continues 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

  • 28

    Sep

SSNLF

Samsung

, QCOM

Qualcomm

$56.91

0.44 (0.78%)

06:10
06/26/17
06/26
06:10
06/26/17
06:10
Periodicals
Samsung to launch Galaxy Note8 in late September, VentureBeat says »

Samsung (SSNLF) is…

SSNLF

Samsung

QCOM

Qualcomm

$56.91

0.44 (0.78%)

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

ALNY

Alnylam

$85.21

1.25 (1.49%)

06:10
06/26/17
06/26
06:10
06/26/17
06:10
Hot Stocks
Alnylam: Givosian demonstrated decreased annual attack rate in study »

Alnylam 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

  • 29

    Jun

  • 06

    Jul

CS

Credit Suisse

$13.74

-0.07 (-0.51%)

06:09
06/26/17
06/26
06:09
06/26/17
06:09
Initiation
Credit Suisse initiated  »

Credit Suisse resumed…

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

IBM

IBM

$154.11

-0.29 (-0.19%)

06:09
06/26/17
06/26
06:09
06/26/17
06:09
Hot Stocks
IBM, AEON to build blockchain-based financial platform for Asian market »

AEON Financial Service…

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

UBS

UBS

$16.06

-0.08 (-0.50%)

06:08
06/26/17
06/26
06:08
06/26/17
06:08
Upgrade
UBS rating change  »

UBS 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

  • 26

    Jun

MTNB

Matinas BioPharma

$2.77

0.25 (9.92%)

06:07
06/26/17
06/26
06:07
06/26/17
06:07
Hot Stocks
Matinas: Clinical, mycological responses for MAT2203 didn't meet expectations »

Matinas 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

P

Pandora

$8.28

0.48 (6.15%)

06:06
06/26/17
06/26
06:06
06/26/17
06:06
Periodicals
Pandora CEO Westergren planning to step down, Recode reports »

Tim Westergren, the CEO…

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

BBY

Best Buy

$55.18

-0.04 (-0.07%)

, AMZN

Amazon.com

$1,003.74

2.44 (0.24%)

06:04
06/26/17
06/26
06:04
06/26/17
06:04
Recommendations
Best Buy, Amazon.com analyst commentary  »

Piper views Best Buy as…

BBY

Best Buy

$55.18

-0.04 (-0.07%)

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

  • 28

    Jun

  • 29

    Aug

LOW

Lowe's

$76.07

-2.27 (-2.90%)

06:02
06/26/17
06/26
06:02
06/26/17
06:02
Hot Stocks
Lowe's completes $512M acquisition of Maintenance Supply Headquarters »

Lowe's Companies…

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

AMID

American Midstream Partners

$11.95

0.25 (2.14%)

06:01
06/26/17
06/26
06:01
06/26/17
06:01
Hot Stocks
American Midstream Partners announces binding open season for Bakken System »

American Midstream…

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

ACTG

Acacia Research

$4.10

0.05 (1.23%)

06:00
06/26/17
06/26
06:00
06/26/17
06:00
Hot Stocks
Acacia Research enters into patent license agreement with ZTE Corporation »

Acacia Research announced…

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

SPX

S&P 500

06:00
06/26/17
06/26
06:00
06/26/17
06:00
Technical Analysis
S&P 500: Pivot points »

The following are 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

GDX

Market Vector Gold Miners

$22.74

0.38 (1.70%)

05:58
06/26/17
06/26
05:58
06/26/17
05:58
Technical Analysis
Market Vector Gold Miners: Pivot points, pivot low broken »

The following are 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

GLD

SPDR Gold Trust

$119.43

0.51 (0.43%)

05:58
06/26/17
06/26
05:58
06/26/17
05:58
Technical Analysis
SPDR Gold Trust: Pivot points, pivot low broken »

The following are 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

NUGT

Direxion Gold Miners Bull

$33.60

1.82 (5.73%)

05:57
06/26/17
06/26
05:57
06/26/17
05:57
Technical Analysis
Direxion Gold Miners Bull: Pivot points »

The following are 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

JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$20.00

1.02 (5.37%)

05:57
06/26/17
06/26
05:57
06/26/17
05:57
Technical Analysis
Direxion Daily Jr Gld Mnrs Bull 3X Shrs: Pivot points »

The following are 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

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.