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SHLD

Sears

$8.06

-0.13 (-1.59%)

10:41
07/17/17
07/17
10:41
07/17/17
10:41

Sears jumps 10% after getting short term credit loans from Lampert's ESL

On July 13, the ESL Lenders entered into short-term line of credit loans with the Second-Lien Borrowers pursuant to the terms of those certain Line of Credit Loan Proposals, dated as of July 13. The July Line of Credit Loans are in an aggregate principal amount of $200M, have a maturity of 151 days and have a fixed interest rate of 9.75% per annum. In connection with the July Line of Credit Loans, the ESL Lenders executed that certain Line of Credit Lender Joinder Also, the ESL Lenders may enter into other Line of Credit Loans made to refinance all or a part of the July Line of Credit Loans. Each subsequent Line of Credit Loan that the ESL Lenders elect to provide under the Amended Second Lien Credit Agreement will have a maturity date between 7 and 179 days,) have an aggregate principal amount outstanding at any time of no more than $100M have a fixed interest rate of not less than 8.25% per annum. ESL holds an approximately 60% stake in Sears. Shares of Sears are up 10% in morning trading to $8.84 per share.

SHLD Sears
$8.06

-0.13 (-1.59%)

01/03/17
RBCM
01/03/17
DOWNGRADE
RBCM
Sector Perform
Seritage Growth Properties downgraded on Sears headwinds at RBC Capital
As noted earlier, RBC Capital downgraded Seritage Growth (SRG) to Sector Perform from Outperform. Analyst Wes Golladay says that the stock's upside is limited by headwinds faced by the REIT's top tenant, Sears (SHLD). He adds that the 6.5%-8% interest rate of the company's new loan from ESL is high. Target to $48 from $62.
02/10/17
SUSQ
02/10/17
INITIATION
Target $4
SUSQ
Neutral
Sears initiated with a Neutral at Susquehanna
Target $4.
03/27/17
PIPR
03/27/17
UPGRADE
Target $55
PIPR
Overweight
Best Buy upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Peter Keith upgraded Best Buy (BBY) to Overweight and raised his price target for the shares to $55 from $45. Store closures from hhgregg and potentially Sears (SHLD) could lift Best Buy's comp sales by 2%, Keith tells investors in a research note. Further, the upcoming iPhone and Samsung Galaxy Note launches should bring a "strong smartphone upgrade cycle," the analyst contends.
04/07/17
BERN
04/07/17
NO CHANGE
BERN
Best Buy tailwinds from competitor problems won't increase, says Bernstein
Bernstein analyst Brandon Fletcher says that Best Buy (BBY) bulls expect the company to benefit from the demise of competitors such as Sears (SHLD) and hhgregg. however, the analyst says that Best Buy has been benefiting form the demise of competitors for five years, so the tailwind it's getting from this source should not significantly increase. The analyst adds that other retailers, including Amazon (AMZN) and Wal-Mart (WMT), are also gaining share. He keeps an Underperform rating on Best Buy.

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PRTA

Prothena

$60.32

-0.43 (-0.71%)

07:33
10/17/17
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HK

Halcon Resources

$5.90

-0.1 (-1.67%)

07:33
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Upgrade
Halcon Resources rating change  »

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ARMK

Aramark

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MDXG

MiMedx

$13.51

0.31 (2.35%)

07:32
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Hot Stocks
MiMedx notified by FDA to proceed with Phase 2B IND trial for osteoarthritis »

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IPXL

Impax

$19.95

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  • 09

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JBL

Jabil Circuit

$28.61

0.37 (1.31%)

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EVTCY

Evotec

$51.15

2.3099 (4.73%)

07:31
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Conference/Events
Evotec management to meet with Deutsche Bank »

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  • 17

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GPRO

GoPro

$9.08

-0.48 (-5.02%)

, CREE

Cree

$29.28

-0.08 (-0.27%)

07:30
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Options
Unusual put flow in option market yesterday »

Notable put activity was…

GPRO

GoPro

$9.08

-0.48 (-5.02%)

CREE

Cree

$29.28

-0.08 (-0.27%)

MT

ArcelorMittal

$28.99

-0.36 (-1.23%)

PXD

Pioneer Natural

$143.69

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Natus Medical

$39.35

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CARB

Carbonite

$22.30

-0.5 (-2.19%)

07:30
10/17/17
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07:30
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07:30
Initiation
Carbonite initiated  »

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  • 02

    Nov

NEWS

NewStar Financial

$12.13

0.23 (1.93%)

07:30
10/17/17
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07:30
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07:30
Hot Stocks
Breaking Hot Stocks news story on NewStar Financial »

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JRVR

James River Group

$41.95

-0.08 (-0.19%)

07:27
10/17/17
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Initiation
James River Group initiated  »

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  • 02

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MDB

MongoDB

07:27
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Syndicate
MongoDB IPO deal range increased to $20.00-$22.00 »

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  • 19

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NFLX

Netflix

$202.68

3.19 (1.60%)

07:26
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Recommendations
Netflix analyst commentary  »

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  • 22

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PSX

Phillips 66

$90.87

-3.56 (-3.77%)

07:26
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Recommendations
Phillips 66 analyst commentary  »

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VZ

Verizon

$48.09

0.23 (0.48%)

07:25
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Periodicals
Verizon FiOS stops carrying Univision, WSJ reports »

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VLO

Valero

$77.42

-0.66 (-0.85%)

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  • 26

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SNDX

Syndax

$12.76

0.39 (3.15%)

07:25
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Syndicate
Syndax raises $25M in a registered direct offering »

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IMDZ

Immune Design

$10.10

-0.85 (-7.76%)

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Conference/Events
Immune Design to host conference call »

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CVS

CVS Health

$72.44

-0.16 (-0.22%)

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Conference/Events
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CVS

CVS Health

$72.44

-0.16 (-0.22%)

07:25
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Conference/Events
Economic Club of New York to hold a breakfast meeting »

Larry Merlo, President…

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IPXL

Impax

$19.95

-0.85 (-4.09%)

07:24
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Hot Stocks
Breaking Hot Stocks news story on Impax »

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  • 09

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ANDV

Andeavor

$103.82

-1.55 (-1.47%)

07:24
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TCMD

Tactile Systems

$30.87

-1.05 (-3.29%)

07:23
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Initiation
Tactile Systems initiated  »

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  • 07

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AGN

Allergan

07:22
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Allergan analyst commentary  »

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  • 20

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GRPN

Groupon

$4.70

0.07 (1.51%)

07:22
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Initiation
Groupon initiated  »

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  • 01

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