Breaking News Instant updates and real-time market news.

RIG

Transocean

$10.79

-0.26 (-2.35%)

, BHP

BHP Billiton

$42.42

-0.23 (-0.54%)

16:25
10/17/17
10/17
16:25
10/17/17
16:25

Transocean awarded $106M contract with BHP subsidiary

Transocean (RIG) announced today that the ultra-deepwater drillship Deepwater Invictus was awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton (BHP). The backlog associated with the firm contract is approximately $106 million. The contract is expected to commence in the second quarter of 2018. "We are extremely pleased to continue working with BHP," said President and CEO Jeremy Thigpen. "Since we welcomed the Invictus into our fleet in 2014, the combination of BHP, Transocean and the Invictus has delivered industry-leading performance; and, we look forward to extending our productive relationship through this multi-year contract."

RIG

Transocean

$10.79

-0.26 (-2.35%)

BHP

BHP Billiton

$42.42

-0.23 (-0.54%)

  • 02

    Nov

RIG Transocean
$10.79

-0.26 (-2.35%)

10/12/17
10/12/17
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. Delta Air Lines (DAL) upgraded to Outperform from In-Line at Imperial Capital with analyst Michael Derchin saying the company is likely to grow unit revenues in fiscal year 2018 due to pricing power in its key domestic hubs and improving international results. 2. Transocean (RIG) upgraded to Buy from Neutral at Citi with analyst Scott Gruber saying if an upturn is forthcoming, Transocean should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts. 3. Canadian Pacific (CP) upgraded to Overweight from Neutral at JPMorgan with analyst Brian Ossenbeck saying he sees a shift to stronger volume growth as the company laps contract losses and records some new contract wins. 4. Infinity upgraded to Outperform from Market Perform at Wells Fargo with analyst Jim Birchenough saying the IPI-549 monotherapy data have a "reasonable likelihood" of proof-of-concept response rate, and with likely validation of tumor macrophage targeting in immunooncology and a unique mechanism of action, upside potential is not reflected in the current stock price. 5. Kroger (KR) upgraded to Equal Weight from Underweight at Stephens with analyst Ben Bienvenu saying he believes the pursuit of strategic alternatives for the convenience store business has potential to unlock value and that the risk/reward is more balanced following the stock's recent pullback. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/17
SBSH
10/12/17
DOWNGRADE
Target $12
SBSH
Sell
Diamond Offshore downgraded to Sell from Neutral at Citi
Citi analyst Scott Gruber downgraded Diamond Offshore (DO) to Sell and keeps a $12 price target for the shares. The analyst initiated a pair trade by also upgrading Transocean (RIG) this morning to Buy. Gruber, while still finding it premature to be bullish on offshore driller fundamentals, says that if an upturn is forthcoming, Transocean should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts. If the downturn persists, then Diamond Offshore is likely to underperform as its backlog is consumed, Gruber tells investors in a research note previewing Q3 earnings for the sector. He believes Diamond Offshore is "simply overvalued" and that Transocean is the "industry leader who's ready to lead."
10/12/17
SBSH
10/12/17
UPGRADE
Target $14
SBSH
Buy
Transocean upgraded to Buy from Neutral at Citi
Citi analyst Scott Gruber upgraded Transocean (RIG) to Buy and raised his price target for the shares to $14 from $8.80. The analyst initiated a pair trade by also downgrading Diamond Offshore (DO) to Sell. Gruber, while still finding it premature to be bullish on offshore driller fundamentals, says that if an upturn is forthcoming, Transocean should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts. If the downturn persists, then Diamond Offshore is likely to underperform as its backlog is consumed, Gruber tells investors in a research note previewing Q3 earnings for the sector. He believes Diamond Offshore is "simply overvalued" and that Transocean is the "industry leader who's ready to lead."
10/10/17
DBAB
10/10/17
INITIATION
Target $13
DBAB
Buy
Transocean initiated with a Buy at Deutsche Bank
Deutsche Bank analyst David Havens started Transocean with a Buy rating and $13 price target.
BHP BHP Billiton
$42.42

-0.23 (-0.54%)

09/06/17
09/06/17
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. HP Enterprise (HPE) downgraded to Underperform from Neutral at BofA/Merrill with analyst Wamsi Mohan citing fiscal 2018 headwinds that include increased investment, a competitive pricing environment, and higher commodity costs. 2. Marathon Petroleum (MPC) downgraded to Market Perform from Outperform at Wells Fargo with analyst Roger Read saying he now expects the incentive distribution rights buyout may be at the lower end of the prior 15-20 times range. 3. Verifone (PAY) downgraded to Neutral from Buy at Northcoast with analyst Keith Housum saying he has reduced confidence in the company's ability to grow revenues and increase profitability given the delay in reaching the point of sale market with its new Carbon and Engage platform compared to initial expectations. 4. Mallinckrodt (MNK) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger saying he believes yesterday's unfavorable district court ruling in Mallinckrodt's suit against Praxair (PX) has increased the risk of an Inomax generic potentially as soon as October 2018, compared to his prior expectation of 2031. 5. BHP Billiton (BHP) downgraded to Underperform from Neutral at Exane BNP Paribas. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/17
EXAN
09/06/17
DOWNGRADE
EXAN
Underperform
BHP Billiton downgraded to Underperform from Neutral at Exane BNP Paribas
08/31/17
08/31/17
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. BHP Billiton (BHP) downgraded to Underperform from Sector Perform at RBC Capital with analyst Tyler Broda saying that the company's "mature asset base, especially in petroleum, creates medium term pressure on profitability." 2. New Senior Investment (SNR) downgraded to Neutral from Buy at Compass Point. 3. Calpine (CPN) downgraded to Neutral from Outperform at Macquarie. 4. Ctrip.com (CTRP) downgraded to Outperform from Buy at Daiwa with analyst John Choi saying he expects downward Street earnings revisions following results while the uncertainty on cross-sale revenue in the second half will likely cap the stock's performance in the coming 1-2 quarters. 5. Carrefour (CRRFY) downgraded to Neutral from Overweight at JPMorgan with analyst Borja Olcese saying the company "severely missed expectations" in its first half and profit warned for the year. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/31/17
RBCM
08/31/17
DOWNGRADE
RBCM
Underperform
BHP Billiton downgraded on profitability pressures, valuation, at RBC Capital
As noted earlier, RBC Capital downgraded BHP Billiton to Underperform from Sector Perform. Analyst Tyler Broda says that the company's "mature asset base, especially in petroleum, creates medium term pressure on profitability." He also cited valuation as a reason for the downgrade, saying that the stock "should not trade at a premium to peers."

TODAY'S FREE FLY STORIES

HPQ

HP Inc.

$22.47

0.355 (1.61%)

17:47
11/21/17
11/21
17:47
11/21/17
17:47
Hot Stocks
HP Inc.: 'Stay tuned' for news on metal 3D printing »

Says plans to introduce…

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

  • 21

    Nov

THC

Tenet

$13.34

0.17 (1.29%)

17:47
11/21/17
11/21
17:47
11/21/17
17:47
Initiation
Tenet initiated  »

Tenet initiated with 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

LPNT

LifePoint

$43.85

0.65 (1.50%)

17:47
11/21/17
11/21
17:47
11/21/17
17:47
Initiation
LifePoint initiated  »

LifePoint initiated with…

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

LHCG

LHC Group

$67.98

1.46 (2.19%)

17:46
11/21/17
11/21
17:46
11/21/17
17:46
Initiation
LHC Group initiated  »

LHC Group initiated with…

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

  • 12

    Dec

  • 13

    Dec

HLS

HealthSouth

$48.46

0.85 (1.79%)

17:46
11/21/17
11/21
17:46
11/21/17
17:46
Initiation
HealthSouth initiated  »

HealthSouth initiated…

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

HCA

HCA Healthcare

$75.89

1.28 (1.72%)

17:46
11/21/17
11/21
17:46
11/21/17
17:46
Initiation
HCA Healthcare initiated  »

HCA Healthcare initiated…

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

  • 06

    Dec

AMED

Amedisys

$54.97

2.29 (4.35%)

17:45
11/21/17
11/21
17:45
11/21/17
17:45
Initiation
Amedisys initiated  »

Amedisys initiated with…

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

HPQ

HP Inc.

$22.46

0.34 (1.54%)

17:45
11/21/17
11/21
17:45
11/21/17
17:45
Hot Stocks
HP Inc. sees printing segment continuing to make 'significant' progress »

Comments taken from Q4…

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

  • 21

    Nov

17:45
11/21/17
11/21
17:45
11/21/17
17:45
General news
Breaking General news story  »

Federal Reserve Chair…

AXTA

Axalta Coating

$33.87

0.33 (0.98%)

, AKZOY

AkzoNobel

$30.57

0.085 (0.28%)

17:38
11/21/17
11/21
17:38
11/21/17
17:38
Periodicals
Nippon made all-cash offer to buy Axalta Coating, Reuters reports »

Japan's Nippon Paint…

AXTA

Axalta Coating

$33.87

0.33 (0.98%)

AKZOY

AkzoNobel

$30.57

0.085 (0.28%)

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

TIVO

TiVo

$17.65

0.15 (0.86%)

, CMCSA

Comcast

$36.42

0.59 (1.65%)

17:34
11/21/17
11/21
17:34
11/21/17
17:34
Hot Stocks
TiVo wins ITC patent lawsuit against Comcast »

TiVo (TIVO) has won its…

TIVO

TiVo

$17.65

0.15 (0.86%)

CMCSA

Comcast

$36.42

0.59 (1.65%)

CMCSK

Comcast

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

GME

GameStop

$16.73

0.29 (1.76%)

, AXTA

Axalta Coating

$33.87

0.33 (0.98%)

17:27
11/21/17
11/21
17:27
11/21/17
17:27
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

GME

GameStop

$16.73

0.29 (1.76%)

AXTA

Axalta Coating

$33.87

0.33 (0.98%)

AKZOY

AkzoNobel

$30.57

0.085 (0.28%)

EXEL

Exelixis

$26.05

0.4 (1.56%)

GES

Guess

$17.95

0.17 (0.96%)

CAL

Caleres

$30.99

0.05 (0.16%)

HPQ

HP Inc.

$22.46

0.34 (1.54%)

CRM

Salesforce

$108.80

1.43 (1.33%)

HPE

HP Enterprise

$14.12

0.03 (0.21%)

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

  • 21

    Nov

  • 21

    Nov

  • 21

    Nov

  • 21

    Nov

  • 21

    Nov

  • 21

    Nov

  • 27

    Nov

  • 28

    Nov

  • 11

    Dec

SSY

SunLink Health Systems

$1.52

0.03 (2.01%)

17:27
11/21/17
11/21
17:27
11/21/17
17:27
Hot Stocks
SunLink Health Systems commences tender offer to repurchase 1.56M shares »

SunLink Health Systems…

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

TYHT

Shineco

$3.26

-0.27 (-7.65%)

17:26
11/21/17
11/21
17:26
11/21/17
17:26
Syndicate
Breaking Syndicate news story on Shineco »

Shineco files $25M mixed…

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

RMNI

Rimini Street

$7.54

0.0842 (1.13%)

17:22
11/21/17
11/21
17:22
11/21/17
17:22
Syndicate
Rimini Street files to sell 22.11M shares of common stock for holders »

Also files to sell 6.06M…

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

CRM

Salesforce

$108.80

1.43 (1.33%)

17:20
11/21/17
11/21
17:20
11/21/17
17:20
Earnings
Breaking Earnings news story on Salesforce »

Salesforce says sees Q4…

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

  • 21

    Nov

  • 27

    Nov

GME

GameStop

$16.74

0.31 (1.89%)

17:18
11/21/17
11/21
17:18
11/21/17
17:18
Hot Stocks
GameStop 'on track' to achieve FY17 collectibles revenue view »

Says "on track"…

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

  • 21

    Nov

GME

GameStop

$16.73

0.29 (1.76%)

, NTDOY

Nintendo

$49.83

-0.228 (-0.46%)

17:16
11/21/17
11/21
17:16
11/21/17
17:16
Hot Stocks
GameStop: Xbox One X has already had 'strong start' »

GameStop (GME) says it…

GME

GameStop

$16.73

0.29 (1.76%)

NTDOY

Nintendo

$49.83

-0.228 (-0.46%)

MSFT

Microsoft

$83.72

1.19 (1.44%)

ATVI

Activision Blizzard

$64.50

0.57 (0.89%)

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

  • 21

    Nov

CRM

Salesforce

$108.80

1.43 (1.33%)

, AMZN

Amazon.com

$1,139.49

13.18 (1.17%)

17:14
11/21/17
11/21
17:14
11/21/17
17:14
Hot Stocks
Salesforce: Amazon.com continues to be key partner in International expansion »

Says International…

CRM

Salesforce

$108.80

1.43 (1.33%)

AMZN

Amazon.com

$1,139.49

13.18 (1.17%)

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

  • 21

    Nov

  • 27

    Nov

  • 18

    Mar

ALGT

Allegiant Travel

$138.40

0.85 (0.62%)

17:14
11/21/17
11/21
17:14
11/21/17
17:14
Hot Stocks
Allegiant Travel reaches tentative agreement with TWU »

Allegiant announces that…

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

GME

GameStop

$16.73

0.29 (1.76%)

, NTDOY

Nintendo

$49.83

-0.228 (-0.46%)

17:12
11/21/17
11/21
17:12
11/21/17
17:12
Hot Stocks
GameStop: Q4 hardware sales to be driven by Switch, Xbox One X »

GameStop (GME) says Q4…

GME

GameStop

$16.73

0.29 (1.76%)

NTDOY

Nintendo

$49.83

-0.228 (-0.46%)

MSFT

Microsoft

$83.72

1.19 (1.44%)

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

  • 21

    Nov

JE

Just Energy

$4.43

-0.05 (-1.12%)

17:10
11/21/17
11/21
17:10
11/21/17
17:10
Hot Stocks
Just Energy launches operations in Japan »

Just Energy Group…

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

MS

Morgan Stanley

$49.38

0.27 (0.55%)

, OZM

Och-Ziff Capital

$3.11

-0.01 (-0.32%)

17:10
11/21/17
11/21
17:10
11/21/17
17:10
Hot Stocks
Breaking Hot Stocks news story on Morgan Stanley, Och-Ziff Capital »

Morgan Stanley reports 5%…

MS

Morgan Stanley

$49.38

0.27 (0.55%)

OZM

Och-Ziff Capital

$3.11

-0.01 (-0.32%)

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

GME

GameStop

$16.73

0.29 (1.76%)

, NTDOY

Nintendo

$49.83

-0.228 (-0.46%)

17:09
11/21/17
11/21
17:09
11/21/17
17:09
Hot Stocks
GameStop: Q3 results driven by strong Switch demand, fall software lineup »

GameStop (GME) says…

GME

GameStop

$16.73

0.29 (1.76%)

NTDOY

Nintendo

$49.83

-0.228 (-0.46%)

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

  • 21

    Nov

CLS

Celestica

$10.67

-0.09 (-0.84%)

17:04
11/21/17
11/21
17:04
11/21/17
17:04
Hot Stocks
Celestica expands operations in Oradea, Romania »

Celestica Inc 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

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.