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WIT

Wipro

$5.39

0.07 (1.32%)

, NGG

National Grid

$60.11

0.34 (0.57%)

07:40
12/01/17
12/01
07:40
12/01/17
07:40

Wipro to contest allegations in National Grid lawsuit, refutes claims

Wipro (WIT) said that it would "vigorously contest" allegations in a lawsuit filed by National Grid US (NGG) seeking damages of over $140M related to a project that dates back to 2009. The lawsuit was filed by the American unit of British electricity and gas utility major National Grid in a New York court, Wipro said in a statement, adding that the suit is related to an enterprise resource planning implementation project. The company said it joined the project in 2010 and that is was completed in 2014. Reference Link

WIT

Wipro

$5.39

0.07 (1.32%)

NGG

National Grid

$60.11

0.34 (0.57%)

WIT Wipro
$5.39

0.07 (1.32%)

09/18/17
09/18/17
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. Finish Line (FINL) downgraded to Underweight from Neutral at Piper Jaffray with analyst Erinn Murphy saying she sees further downside risk to estimates. 2. United Continental (UAL) downgraded to Neutral from Buy at Buckingham with the firm's analyst cutting his 2018 pre-tax earnings forecast by 20% and expects the multiple to contract further as consensus estimates are reset lower. 3. Brooks Automation (BRKS) downgraded to Hold from Buy at Needham with analyst Y. Edwin Mok citing valuation. 4. Wipro (WIT) downgraded to Sell from Neutral at Goldman Sachs with the firm saying earnings growth stays anemic while valuation is rich. 5. Taubman Centers (TCO) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Richard Hill stating that while Taubman owns the highest quality portfolio of malls, its second quarter results showed its smaller portfolio may give it less negotiating leverage with retailers than 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.
09/17/17
GSCO
09/17/17
DOWNGRADE
GSCO
Sell
Wipro downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs downgraded Wipro to Sell as earnings growth stays anemic while valuation is rich.
09/14/17
BNPP
09/14/17
DOWNGRADE
BNPP
Reduce
Wipro downgraded to Reduce from Hold at BNP Paribas
06/07/17
JEFF
06/07/17
DOWNGRADE
JEFF
Underperform
Wipro downgraded to Underperform on lack of growth at Jefferies
Jefferies analyst Vaibhav Dhasmana last night downgraded Wipro to Underperform with a price target of 440 rupees. The company has delivered "zero organic growth" over the past five quarters, and things are unlikely to change soon, Dhasmana tells investors in a research note. The analyst sees "too much optimism" following the recent share performance.
NGG National Grid
$60.11

0.34 (0.57%)

11/27/17
FBCO
11/27/17
UPGRADE
FBCO
Neutral
National Grid upgraded to Neutral from Underperform at Credit Suisse
Credit Suisse analyst Mark Freshney upgraded National Grid to Neutral saying that while risks remain, the valuation is "now fairer." The analyst has a GBP 8.60 price target for the stock.
08/01/17
08/01/17
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. Rockwell Collins (COL) upgraded to Buy from Hold at Canaccord with analyst Ken Herbert saying the selloff when Boeing (BA) said it would establish an avionics unit that could eventually bring more work in-house. 2. American Airlines (AAL) and Spirit Airlines (SAVE) were upgraded to Overweight from Neutral at JPMorgan. 3. Cabot Oil & Gas (COG) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Drew Venker saying Cabot offers "excellent" risk/reward in a volatile oil/gas price environment and said downside is limited from lower gas prices, due to a strong balance sheet and free cash flow. 4. Southern Company (SO) upgraded to Buy from Hold at Deutsche Bank with analyst Jonathan Arnold citing news that Scana (SCG) plans to abandon its two new nuclear units at the V.C. Summer site in South Carolina. 5. National Grid (NGG) upgraded to Buy from Hold at Berenberg with analyst Andrew Fisher citing the selloff in shares which creates favorable risk/reward. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/01/17
BREN
08/01/17
UPGRADE
BREN
Buy
National Grid upgraded to Buy from Hold at Berenberg
Berenberg analyst Andrew Fisher upgraded National Grid citing the selloff in shares which creates favorable risk/reward.
07/13/17
HSBC
07/13/17
UPGRADE
HSBC
Buy
National Grid upgraded to Buy from Hold at HSBC

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HUSKF

Husky Energy

$12.42

-0.1177 (-0.94%)

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COP

ConocoPhillips

$51.68

-0.28 (-0.54%)

20:25
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SAFM

Sanderson Farms

$167.64

0.64 (0.38%)

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DB

Deutsche Bank

$19.33

-0.05 (-0.26%)

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T

AT&T

$38.04

-0.06 (-0.16%)

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AT&T and Communications Workers of America reach tentative agreement »

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BMY

Bristol-Myers

$63.47

0.19 (0.30%)

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Bristol-Myers granted exclusive license by Ono Pharma to develop ONO-4578 »

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  • 18

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WFC

Wells Fargo

$59.40

-0.93 (-1.54%)

18:15
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  • 15

    Jan

HBAN

Huntington Bancshares

$14.58

-0.23 (-1.55%)

18:10
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ASB

Associated Banc-Corp

$25.10

-0.2 (-0.79%)

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UBS

UBS

$17.90

0.035 (0.20%)

18:05
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Periodicals
UBS Wealth Management president Zeltner close to stepping down, Bloomberg says »

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PFE

Pfizer

$36.64

0.06 (0.16%)

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Pfizer announces FDA approves IXIFI, a biosimilar to Remicade »

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  • 04

    Jan

CNP

CenterPoint Energy

$28.40

0.02 (0.07%)

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CenterPoint Energy raises quarterly dividend 4% to 27.75c per share »

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MDXG

MiMedx

$11.99

-0.26 (-2.12%)

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Recommendations
MiMedx analyst commentary at Piper Jaffray »

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  • 13

    Dec

CE

Celanese

$108.31

1.34 (1.25%)

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WAL

Western Alliance

$57.30

-1.25 (-2.13%)

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USB

U.S. Bancorp

$54.60

-0.9 (-1.62%)

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  • 17

    Jan

WBS

Webster Financial

$56.16

-0.73 (-1.28%)

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  • 14

    Dec

HSBC

HSBC

$51.44

0.89 (1.76%)

17:56
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WTR

Aqua America

$37.59

0.32 (0.86%)

17:47
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  • 17

    Jan

MSFT

Microsoft

$85.35

-0.23 (-0.27%)

17:38
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  • 18

    Jan

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