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Fly News Breaks for March 20, 2018
ESS, D, SIG, HUN, ORCL
Mar 20, 2018 | 10:35 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Oracle (ORCL) downgraded to Neutral from Buy at BofA/Merrill and to Hold from Buy at Stifel. 2. Huntsman (HUN) downgraded to Neutral from Buy at Nomura Instinet with analyst Aleksey Yefremov saying he believes the shares are unlikely to outperform until demand for MDI-based polyurethanes markets finds a bottom. 3. Signet Jewelers (SIG) downgraded to Neutral from Buy at BofA/Merrill with analyst Lorraine Hutchinson saying Signet lacks growth visibility near-term and lowered estimates to reflect a weak base business, credit transition issues, and a loss of EBIT from subprime credit outsourcing. 4. Dominion (D) downgraded to Neutral from Buy at BofA/Merrill with analyst Julien Dumoulin-Smith saying the latest FERC policy changes is a headwind to Dominion's dropdown desire into Dominion Midstream (DM) and could impact valuations of midstream assets. 5. Essex Property Trust (ESS) downgraded to Hold from Buy at SunTrust with analyst Michael Lewis saying the stock's recent outperformance has narrowed its discount to NAV to the smallest margin among its peers, even though its leverage and earnings growth rate are comparable to those of peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For ORCL;HUN;SIG;D;ESS From the Last 2 Days
ORCL
Apr 17, 2024 | 21:18 EDT
Oracle Corporation Japan "announced that it plans to invest more than $8B over the next 10 years to meet the growing demand for cloud computing and AI infrastructure in Japan. The investment will grow Oracle Cloud Infrastructure's footprint across Japan. In addition, to help customers and partners address the digital sovereignty requirements in Japan, Oracle will significantly expand its operations and support engineering teams with Japan-based personnel. Oracle plans to increase local customer support of its public cloud regions in Tokyo and Osaka and its local operations teams for Oracle Alloy and OCI Dedicated Region. This will enable governments and businesses across Japan to continue to move their mission-critical workloads to the Oracle Cloud and embrace sovereign AI solutions."