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Fly News Breaks for September 9, 2015
ZURVY, WNR, WBA, VOLVY, UNCFF, UDR, STI, SSL, SLG, PLD, PAGP, POM, NTES, M, HCMLY, HME, HIW, GS, HDELY, BEN, FMSA, EUTLY, EQR, EQC, ENLC, EMCI, DRE, DEI, DPZ, CLR, CIEN, DVDCY, CNI, BXP, BK, APA, AIV, ARRS
Sep 9, 2015 | 10:00 EDT
Today's noteworthy upgrades include: ARRIS (ARRS) upgraded to Buy from Neutral at UBS... Aimco (AIV) upgraded to Buy from Neutral at Janney Capital... Apache (APA) upgraded to Overweight from Equalweight at Capital One... BNY Mellon (BK) upgraded to Buy from Hold at Deutsche Bank... Boston Properties (BXP) upgraded on valuation, market outlook at Stifel... Campari (DVDCY) upgraded to Buy from Hold at Deutsche Bank... Canadian National (CNI) upgraded to Outperform from Market Perform at Raymond James... Ciena (CIEN) upgraded on multiple positive attributes at RBC Capital... Continental Resources (CLR) upgraded to Overweight from Equalweight at Capital One... Domino's Pizza (DPZ) upgraded to Buy from Neutral at Goldman... Douglas Emmett (DEI) upgraded to Buy at BofA/Merrill... Duke Realty (DRE) upgraded to Hold from Sell at Miller Tabak... E-Trade (ETFC) upgraded to Buy on balance sheet restructuring at Evercore ISI... EMC Insurance (EMCI) upgraded to Buy from Hold at Sandler O'Neill... EnLink Midstream (ENLC) upgraded to Buy from Neutral at UBS... Equity Commonwealth (EQC) upgraded to Neutral from Underperform at BofA/Merrill... Equity Residential (EQR) upgraded to Hold from Sell at Miller Tabak... Eutelsat (EUTLY) upgraded to Buy from Hold at Jefferies... Fairmount Santrol (FMSA) upgraded to Buy from Accumulate at Tudor Pickering... Franklin Resources (BEN) upgraded to Buy from Hold at Deutsche Bank... Goldman Sachs (GS) upgraded to Buy from Neutral at BofA/Merrill... HeidelbergCement (HDELY) upgraded to Conviction Buy from Neutral at Goldman... Highwoods Properties (HIW) upgraded on valuation at SunTrust... Home Properties (HME) upgraded to Hold from Sell at Miller Tabak... LafargeHolcim (HCMLY) upgraded to Buy from Neutral at Goldman... Macy's (M) upgraded to Neutral from Sell at Gilford Securities... NetEase.com (NTES) upgraded to Buy from Neutral at Mizuho... Pepco Holdings (POM) upgraded to Overweight from Sector Weight at KeyBanc... Plains GP Holdings (PAGP) upgraded to Accumulate from Neutral at Global Hunter... Prologis (PLD) upgraded on valuation, market outlook at Stifel... SL Green Realty (SLG) upgraded to Buy from Hold at Stifel... Sasol (SSL) upgraded to Buy from Neutral at Citi... SunTrust (STI) upgraded to Buy from Outperform at CLSA... UDR, Inc. (UDR) upgraded to Hold from Sell at Miller Tabak... UniCredit (UNCFF) upgraded to Buy from Hold at HSBC... Volvo (VOLVY) upgraded to Neutral from Sell at UBS... Walgreens Boots Alliance (WBA) upgraded to Outperform from Market Perform at Cowen... Western Refining (WNR) upgraded to Buy from Hold at Tudor Pickering... Zurich Insurance (ZURVY) upgraded to Buy from Neutral at UBS.
News For ARRS;AIV;APA;BK;BXP;CNI;DVDCY;CIEN;CLR;DPZ;DEI;DRE;EMCI;ENLC;EQC;EQR;EUTLY;FMSA;BEN;HDELY;GS;HIW;HME;HCMLY;M;NTES;POM;PAGP;PLD;SLG;SSL;STI;UDR;UNCFF;VOLVY;WBA;WNR;ZURVY From the Last 2 Days
WBA
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WBA
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WBA
Mar 28, 2024 | 08:59 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
HIW
Mar 28, 2024 | 07:32 EDT
Morgan Stanley raised the firm's price target on Highwoods Properties to $21 from $18 and keeps an Underweight rating on the shares. The firm notes that over the next two years, there are 26M square foot of lease expirations that may pose further downside risk to office REIT occupancy and has dissected expirations and existing vacancies in about 50 real estate investment trust properties that represent about 50% of total expirations to estimate which REITs are best positioned to protect occupancy and which may be at greater risk of losing occupancy. Based on its analysis, the firm identifies SL Green (SLG) and Vornado (VNO) as two REITs that "stand out positively" given they have the lowest lease expirations, best submarket exposure and have disclosed a significant amount of backfilling, while it continues to monitor activity at Highwoods, Hudson Pacific (HPP) and Office Properties (OPI), the analyst tells investors.
WBA
Mar 28, 2024 | 07:12 EDT
Consensus $3.24. The company said the change reflects challenging retail environment in the U.S., early wind-down of sale-leaseback program, and lower earnings due to Cencora share sales, offset by execution in pharmacy services and a lower adjusted effective tax rate. The company is also maintaining its U.S. Healthcare adjusted EBITDA view to be breakeven at the midpoint of the guidance range of loss of $50M to gain of $50M.
WBA
Mar 28, 2024 | 07:05 EDT
Reports Q2 revenue $37.05B, consensus $35.86B. The company said, "We're encouraged by our first quarter of U.S. Healthcare positive adjusted EBITDA and continued topline growth alongside another quarter of strong execution in pharmacy, as we look to re-energize and evolve its impact both at Walgreens and at large. As we continue to operate in a challenging retail environment, we are taking actions to focus on customer engagement and value.We remain confident in our goal of achieving $1 billion in cost savings this year. We are continuing to strategically review our portfolio over the next three months in an effort to ensure it drives growth and delivers value. Our team members, led by WBA's new executive committee with a track record of operational excellence, are powering our progress as we map growth opportunities, aim to create long-term value across our businesses and execute the hard work to simplify and strengthen WBA."
GS
Mar 28, 2024 | 05:00 EDT
HSBC analyst Saul Martinez raised the firm's price target on Goldman Sachs to $460 from $432 and keeps a Buy rating on the shares. After underperforming year-to-date, HSBC is incrementally positive on super regional banks. Citi (C) remains the firm's preferred choice among banks, however. HSBC continues to expect the banks to show improved net interest income in 2H24, generate operating leverage in 2025, and increase share buybacks in 2025 and beyond.
WBA
Mar 27, 2024 | 13:20 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Walgreens Boots Alliance (WBA), consensus 82c.
NTES
Mar 27, 2024 | 11:36 EDT
NetEase (NTES) unveiled a new team-based shooter "Marvel Rivals," a multiplayer game based on Marvel Comics' (DIS) superhero characters. The game is being developed for PC, with an alpha test for the game set to launch in May 2024. Reference Link