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SES

Synthesis Energy Systems

$5.49 /

+ (+0.00%)

17:23
02/21/20
02/21
17:23
02/21/20
17:23

Synthesis Energy Systems discloses additional Nasdaq delinquency notice

Synthesis Energy Systems announced that the company received an additional staff determination delinquency notification letter from the The Nasdaq Stock Market LLC due to the company's non-compliance with Nasdaq Listing Rule 5250(c)(1), as a result of the company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2019. The company is required to present its views with respect to this additional deficiency to the Panel in writing no later than February 27, 2020 under Listing Rule 5810(d). Robert Rigdon, the company's CEO, commented: "The company is progressing its important merger transaction with AFE and acquisition of additional ownership in Batchfire Resources. We believe these transactions, now underway, have the potential to bring growth and value to the company's shareholders and debenture holders. The late filing of our Form 10-Q for the quarter ended December 31, 2019 is the result delays related to derivative accounting protocol and value analysis regarding the merger-related debt restructuring undertaken by the company in October 2019. We are actively working with our auditors and our advisors to complete the work in the most expeditious manner possible."

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Malibu Boats downgraded to Neutral from Buy at B. Riley FBR » 04:49
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MBUU

Malibu Boats

$18.74 /

-0.64 (-3.30%)

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Freddie Mac downgraded to Sell from Neutral at B. Riley FBR » 04:48
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FMCC

Freddie Mac

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Fannie Mae downgraded to Sell from Neutral at B. Riley FBR » 04:47
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FNMA

Fannie Mae

$0.00 /

+ (+0.00%)

B. Riley FBR analyst…

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Ashford downgraded to Neutral from Buy at B. Riley FBR » 04:47
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AINC

Ashford

$6.37 /

-0.12 (-1.85%)

B. Riley FBR analyst…

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Ashford Hospitality downgraded to Neutral from Buy at B. Riley FBR » 04:45
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AHT

Ashford Hospitality

$0.64 /

+ (+0.00%)

B. Riley FBR analyst…

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BrightSphere downgraded to Market Perform from Outperform at Keefe Bruyette » 04:44
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BSIG

BrightSphere

$5.99 /

-0.2 (-3.23%)

Keefe Bruyette analyst…

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Victory Capital downgraded to Market Perform from Outperform at Keefe Bruyette » 04:43
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VCTR

Victory Capital

$15.14 /

-0.35 (-2.26%)

Keefe Bruyette analyst…

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Affiliated Managers upgraded to Outperform from Market Perform at Keefe Bruyette » 04:42
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AMG

Affiliated Managers

$55.37 /

-1.22 (-2.16%)

Keefe Bruyette analyst…

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General news
FX Action: USD-CAD retraced most of Friday's gain » 04:10
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04:10
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FX Action: USD-CAD…

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FX Update: Commodity currencies have rallied » 03:30
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Tsingtao Brewery downgraded to Neutral from Buy at Goldman Sachs » 21:42
04/05/20
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TSGTF

Tsingtao Brewery

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Lincoln Kong downgraded Tsingtao Brewery to Neutral from Buy with a HK$45.10 price target. More intense competition in the premium beer segment as well as high near-term promotion pressure in the channel make for a challenged position for the company, Kong tells investors in a research note. The analyst sees limited upside catalysts in the near term for the stock.

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UBS downgrades Northern Trust to Sell on downside earnings risk » 21:40
04/05/20
04/05
21:40
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NTRS

Northern Trust

$77.18 /

+0.26 (+0.34%)

, BK

BNY Mellon

$33.69 /

+ (+0.00%)

UBS analyst Brennan…

UBS analyst Brennan Hawken downgraded Northern Trust (NTRS) to Sell from Neutral with a price target of $65, down from $105. The bank is more at risk to negative earnings revisions than peers, says the analyst, whose updated 2021 estimates are 33% below consensus. However, Northern Trust's valuation premium to peers is several standard deviation above its long-term average, Hawken tells investors in a research note. As such, the company "far more vulnerable to downside," contends Hawken. Among the trust banks, the analyst continues to prefer BNY Mellon (BK).

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Initiation
Raytheon Technologies reinstated with a Sector Perform at RBC Capital » 21:35
04/05/20
04/05
21:35
04/05/20
21:35
RTX

Raytheon Technologies

$49.87 /

-36.17 (-42.04%)

RBC Capital analyst Deane…

RBC Capital analyst Deane Dray initiated coverage of Raytheon Technologies with a Sector Perform rating and $53 price target. The company should be "partly insulated" from the unfolding coronavirus fallout, but its valuation is not compelling enough to outweigh the uncertainty, Dray tells investors in a research note.

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Cemex downgraded to Neutral on 2020 EBITDA decline at JPMorgan » 21:33
04/05/20
04/05
21:33
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21:33
CX

Cemex

$1.73 /

-0.145 (-7.73%)

JPMorgan analyst Adrian…

JPMorgan analyst Adrian Huerta downgraded Cemex to Neutral from Overweight without a price target. The year does not look good for Cemex, says the analyst, who expects the company's EBITDA to decline 30% versus last year. Huerta believes the timing of a potential recovery will take a couple of months to fully understand and that Cemex's leverage could year six times by the end of 2020. Despite the stock's 50% drop year-to-date, the valuation looks unattractive on an enterprise value to EBITDA basis, Huerta tells investors in a research note.

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Gannett downgraded to Sell from Buy at Citi » 21:29
04/05/20
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21:29
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GCI

Gannett

$0.81 /

-0.155 (-16.14%)

Citi analyst Jason…

Citi analyst Jason Bazinet double downgraded Gannett to Sell from Neutral with a price target of 50c, down from $5. With the likely depth of the advertising downturn, Gannett may face "significant" EBITDA contraction, Bazinet tells investors in a research note. When coupled with the company's elevated leverage and limited liquidity, the risk of diminishing equity value is material, adds the analyst.

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Northern Trust downgraded to Sell from Neutral at UBS » 21:13
04/05/20
04/05
21:13
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21:13
NTRS

Northern Trust

$77.18 /

+0.26 (+0.34%)

UBS analyst Brennan…

UBS analyst Brennan Hawken downgraded Northern Trust to Sell from Neutral with a price target of $65, down from $105.

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Cemex downgraded to Neutral from Overweight at JPMorgan » 21:11
04/05/20
04/05
21:11
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21:11
CX

Cemex

$1.73 /

-0.145 (-7.73%)

JPMorgan analyst Adrian…

JPMorgan analyst Adrian Huerta downgraded Cemex to Neutral from Overweight.

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TechnipFMC upgraded to Outperform from Underperform at Bernstein » 21:09
04/05/20
04/05
21:09
04/05/20
21:09
FTI

TechnipFMC

$7.20 /

-0.335 (-4.45%)

Bernstein analyst…

Bernstein analyst Nicholas Green upgraded TechnipFMC to Outperform from Underperform with a price target of $14.10, down from $16.30.

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Subsea 7 SA upgraded to Outperform from Market Perform at Bernstein » 21:08
04/05/20
04/05
21:08
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21:08
SUBC

Subsea 7 SA

$0.00 /

+ (+0.00%)

Bernstein analyst…

Bernstein analyst Nicholas Green upgraded Subsea 7 SA to Outperform from Market Perform with a price target of NOK 100, down from NOK 102.

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Schlumberger upgraded to Outperform from Underperform at Bernstein » 21:07
04/05/20
04/05
21:07
04/05/20
21:07
SLB

Schlumberger

$14.30 /

+0.44 (+3.17%)

Bernstein analyst…

Bernstein analyst Nicholas Green upgraded Schlumberger to Outperform from Underperform with a price target of $17.90, down from $26.90.

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Patterson-UTI upgraded to Market Perform from Underperform at Bernstein » 21:07
04/05/20
04/05
21:07
04/05/20
21:07
PTEN

Patterson-UTI

$1.70 /

-0.175 (-9.33%)

Bernstein analyst…

Bernstein analyst Nicholas Green upgraded Patterson-UTI to Market Perform from Underperform with a price target of $2.10, down from $6.90.

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Oceaneering upgraded to Market Perform from Underperform at Bernstein » 21:06
04/05/20
04/05
21:06
04/05/20
21:06
OII

Oceaneering

$2.82 /

-0.21 (-6.93%)

Bernstein analyst…

Bernstein analyst Nicholas Green upgraded Oceaneering to Market Perform from Underperform with a price target of $4, down from $9.90.

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National Oilwell upgraded to Outperform from Market Perform at Bernstein » 21:06
04/05/20
04/05
21:06
04/05/20
21:06
NOV

National Oilwell

$9.85 /

-0.25 (-2.48%)

Bernstein analyst…

Bernstein analyst Nicholas Green upgraded National Oilwell to Outperform from Market Perform with a price target of $14.40, down from $22.30.

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Helmerich & Payne upgraded to Outperform from Market Perform at Bernstein » 21:05
04/05/20
04/05
21:05
04/05/20
21:05
HP

Helmerich & Payne

$15.44 /

-0.905 (-5.54%)

Bernstein analyst…

Bernstein analyst Nicholas Green upgraded Helmerich & Payne to Outperform from Market Perform with a price target of $21.20, down from $43.30.

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