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SUN

Sunoco

$23.54

1.4 (6.32%)

06:41
12/22/16
12/22
06:41
12/22/16
06:41

Sunoco amends credit facilities for 'temporary covenant relief'

Sunoco LP last night announced it has amended certain key items of its $1.5B revolving credit facility and $2.0B term loan agreement to provide "temporary covenant relief and financial flexibility over the upcoming quarters." Sunoco's maximum leverage ratio will be increased to 6.75 times beginning in Q4 of 2016 through December 31, 2017.

SUN Sunoco
$23.54

1.4 (6.32%)

12/19/16
12/19/16
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. Merck (MRK) downgraded to Underperform from Hold at Jefferies with analyst Jeffrey Holford saying he sees Pharmaceutical sector fundamentals weakening in 2017 amid political overhangs and an adverse macro environment. 2. Lowe's (LOW) downgraded to Neutral from Buy at Citi with analyst Kate McShane citing the potential for the company missing recently stated comp targets. 3. JAKKS Pacific (JAKK) was downgraded to Neutral from Overweight at Piper Jaffray and to Market Perform from Outperform at BMO Capital. 4. Sunoco (SUN) downgraded to Neutral from Buy at BofA/Merrill with analyst Gabe Moreen saying Moody's downgrade of Sunoco's debt to Ba2 to Ba3 reaffirms that its leverage is elevated and could continue to pressure its ability to deleverage near-term. 5. KeyCorp (KEY) downgraded to Equal Weight from Overweight at Stephens with analyst Terry McEvoy citing four total rate hikes occurring in the first and third quarter of 2017 and 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/21/16
FBCO
12/21/16
UPGRADE
FBCO
Outperform
Sunoco upgraded to Outperform from Neutral at Credit Suisse
12/21/16
FBCO
12/21/16
UPGRADE
FBCO
Outperform
Sunoco upgraded on valuation, likely financing/deleveraging at Credit Suisse
As previously reported, Credit Suisse upgraded Sunoco (SUN) to Outperform from Neutral with a $31 price target. Analyst John Edwards said valuation is "underappreciated" and said a dividend cut is unlikely given options available for Sunoco and Energy Transfer Equity (ETE) to execute before reducing payouts.
12/21/16
12/21/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Sunoco (SUN) upgraded to Outperform from Neutral at Credit Suisse with analyst John Edwards saying valuation is "underappreciated" and said a dividend cut is unlikely given options available for Sunoco and Energy Transfer Equity (ETE) to execute before reducing payouts. 2. BP (BP) and Statoil (STO) were upgraded to Buy from Neutral at UBS. 3. Citi (C) and Bank of America (BAC) were upgraded to Overweight from Neutral at Atlantic Equities while Morgan Stanley (MS) was upgraded to Neutral from Underweight. 4. Air Products (APD) upgraded to Buy from Neutral at Monness Crespi with the firm saying it thinks that Air Products will benefit from consolidation in the industry. It says that Air Products' balance sheet will enable it to "easily bid on and win new projects" and exploit divestitures in the sector. 5. Monster Beverage (MNST) upgraded to Buy from Hold at Jefferies with analyst Kevin Grundy calling the stock his top large cap growth pick in Consumer Products. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ICPT

Intercept

$98.12

1.92 (2.00%)

13:55
09/21/17
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ICPT

Intercept

$98.12

1.92 (2.00%)

13:54
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Intercept analyst commentary  »

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KMI

Kinder Morgan

$19.27

-0.5 (-2.53%)

13:50
09/21/17
09/21
13:50
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13:50
Options
Kinder Morgan attracts call writers as shares slump »

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BBRY

BlackBerry

$9.85

0.71 (7.77%)

13:45
09/21/17
09/21
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13:45
Options
BlackBerry call volume above normal and directionally bullish »

Bullish option flow…

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  • 28

    Sep

13:45
09/21/17
09/21
13:45
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13:45
General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

ICPT

Intercept

$98.12

1.92 (2.00%)

13:41
09/21/17
09/21
13:41
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13:41
Hot Stocks
Breaking Hot Stocks news story on Intercept »

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13:40
09/21/17
09/21
13:40
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13:40
General news
FX Action: USD-CAD »

FX Action: USD-CAD has…

HDSN

Hudson Technologies

$9.26

-0.03 (-0.32%)

13:39
09/21/17
09/21
13:39
09/21/17
13:39
Technical Analysis
Technical View: Hudson Technologies down on cautious Seeking Alpha mention »

The shares have taken a…

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  • 16

    Nov

HDSN

Hudson Technologies

$9.26

-0.03 (-0.32%)

13:34
09/21/17
09/21
13:34
09/21/17
13:34
Periodicals
Hudson Technologies mentioned cautiously by Seeking Alpha contributor 

Reference Link

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  • 16

    Nov

OUT

Outfront Media

$21.19

-0.2 (-0.94%)

, LAMR

Lamar Advertising

$64.42

0.45 (0.70%)

13:30
09/21/17
09/21
13:30
09/21/17
13:30
Hot Stocks
Before the Move: Watch Outfront Media ahead of NYC-MTA contract decision »

A decision regarding the…

OUT

Outfront Media

$21.19

-0.2 (-0.94%)

LAMR

Lamar Advertising

$64.42

0.45 (0.70%)

03/08/13
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  • 02

    Oct

ILG

ILG

$25.87

0.56 (2.21%)

, VAC

Marriott Vacations

$119.30

5.31 (4.66%)

13:24
09/21/17
09/21
13:24
09/21/17
13:24
Periodicals
FrontFour plans ILG proxy fight if deal not struck this year, Bloomberg says »

FrontFour Capital, a…

ILG

ILG

$25.87

0.56 (2.21%)

VAC

Marriott Vacations

$119.30

5.31 (4.66%)

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  • 08

    Nov

DDAIF

Daimler AG

$79.46

-0.16 (-0.20%)

, TSLA

Tesla

$373.91

-1.19 (-0.32%)

13:21
09/21/17
09/21
13:21
09/21/17
13:21
Hot Stocks
Mercedes-Benz to start production of electric passenger cars in U.S. »

Mercedes-Benz will set up…

DDAIF

Daimler AG

$79.46

-0.16 (-0.20%)

TSLA

Tesla

$373.91

-1.19 (-0.32%)

03/08/13
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  • 02

    Oct

MSFT

Microsoft

$74.94

-0.5 (-0.66%)

13:20
09/21/17
09/21
13:20
09/21/17
13:20
Options
Notable call write in Microsoft »

Notable call write in…

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  • 22

    Sep

  • 02

    Oct

  • 22

    Oct

$NSD

NASDAQ Market Internals

13:17
09/21/17
09/21
13:17
09/21/17
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

13:16
09/21/17
09/21
13:16
09/21/17
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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13:15
09/21/17
09/21
13:15
09/21/17
13:15
General news
Treasury's $11 B 10-year TIPS reopening was poorly received »

Treasury's $11 B…

XOP

SPDR Oil Exploration and Production Fund

$32.88

0.02 (0.06%)

13:10
09/21/17
09/21
13:10
09/21/17
13:10
Options
Hefty put spread in SPDR Oil and Gas Exploration ETF »

Hefty put spread in SPDR…

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TRIP

TripAdvisor

$43.92

0.32 (0.73%)

13:05
09/21/17
09/21
13:05
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13:05
Options
TripAdvisor call volume above normal and directionally bullish »

Bullish option flow…

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13:04
09/21/17
09/21
13:04
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13:04
General news
10-Yr TIPS Auction Coupon Rate data reported »

10-Yr TIPS Auction Coupon…

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General news
10-Yr TIPS Auction Total Amount data reported »

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ZGNX

Zogenix

$13.60

-0.95 (-6.53%)

12:55
09/21/17
09/21
12:55
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12:55
Options
Zogenix put volume heavy and directionally bearish »

Bearish flow noted in…

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IPXL

Impax

$21.55

0.6 (2.86%)

12:51
09/21/17
09/21
12:51
09/21/17
12:51
Periodicals
Impax merger with Amneal could come next month, WSJ reports »

Impax and Amneal…

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  • 25

    Sep

CAR

Avis Budget

$37.92

1.28 (3.49%)

12:40
09/21/17
09/21
12:40
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12:40
Options
Avis attracts a put buyer »

Avis attracts a put…

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  • 08

    Nov

12:40
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09/21
12:40
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General news
Treasury 10-year TIPS preview »

Treasury 10-year TIPS…

GIS

General Mills

$51.80

-0.3658 (-0.70%)

12:30
09/21/17
09/21
12:30
09/21/17
12:30
Options
Position adjustment in General Mills after earnings »

Position adjustment in…

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