Breaking News Instant updates and real-time market news.

AQUA

Evoqua Water

$7.72 /

-0.49 (-5.97%)

13:53
03/23/20
03/23
13:53
03/23/20
13:53

Evoqua Water debt covenant issues unlikely, says Stifel

Stifel analyst Nathan Jones lowered the firm's price target on Evoqua Water to $21 from $27, noting that its shares are among the worst performers he covers since the beginning of the current market selloff on February 24 with a decline of 61%. While Evoqua does have "a relatively high level of debt," even in his bear case scenario he thinks the company would require no additional liquidity, would not get close to a debt covenant, and would be able to "comfortably cover" its interest expense, Jones said. He keeps a Buy rating on the shares.

AQUA Evoqua Water
$7.72 /

-0.49 (-5.97%)

02/05/20 RBC Capital
Evoqua Water price target raised to $26 from $22 at RBC Capital
01/15/20 Jefferies
Evoqua Water initiated with a Hold at Jefferies
12/15/19 Stifel
Evoqua Water price target raised to $22 from $20 at Stifel
12/06/19 Goldman Sachs
Evoqua Water downgraded to Neutral from Buy at Goldman Sachs

TODAY'S FREE FLY STORIES

Upgrade
Under Armour upgraded to Neutral from Sell at B. Riley FBR » 04:51
04/03/20
04/03
04:51
04/03/20
04:51
UAA

Under Armour

$7.78 /

-0.47 (-5.70%)

, UA

Under Armour

$6.89 /

-0.56 (-7.52%)

B. Riley FBR analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
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

Upgrade
Abercrombie & Fitch upgraded to Buy from Neutral at B. Riley FBR » 04:50
04/03/20
04/03
04:50
04/03/20
04:50
ANF

Abercrombie & Fitch

$7.94 /

-0.225 (-2.76%)

B. Riley FBR analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
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

Upgrade
Lululemon upgraded to Buy from Neutral at B. Riley FBR » 04:50
04/03/20
04/03
04:50
04/03/20
04:50
LULU

Lululemon

$185.45 /

+2.17 (+1.18%)

B. Riley FBR analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
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

Upgrade
Cnooc upgraded to Hold from Underperform at Daiwa » 04:48
04/03/20
04/03
04:48
04/03/20
04:48
CEO

Cnooc

$114.36 /

+13.31 (+13.17%)

Daiwa analyst Dennis Ip…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
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

Upgrade
AkzoNobel upgraded to Buy from Sell at Berenberg » 04:46
04/03/20
04/03
04:46
04/03/20
04:46
AKZOY

AkzoNobel

$0.00 /

+ (+0.00%)

Berenberg analyst Anthony…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
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

Downgrade
Red Electrica downgraded to Hold from Buy at Deutsche Bank » 04:44
04/03/20
04/03
04:44
04/03/20
04:44
RDEIY

Red Electrica

$0.00 /

+ (+0.00%)

Deutsche Bank analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
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

Upgrade
Bankia upgraded to Buy from Underperform at Jefferies » 04:43
04/03/20
04/03
04:43
04/03/20
04:43
BNKXF

Bankia

$0.00 /

+ (+0.00%)

Jefferies analyst Benjie…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
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

Upgrade
Intesa Sanpaolo upgraded to Hold from Underperform at Jefferies » 04:41
04/03/20
04/03
04:41
04/03/20
04:41
ISNPY

Intesa Sanpaolo

$0.00 /

+ (+0.00%)

Jefferies analyst Benjie…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
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

General news
FX Action: USD-CAD rose by nearly 0.5% » 03:35
04/03/20
04/03
03:35
04/03/20
03:35

FX Action: USD-CAD rose…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

General news
FX Update: Narrow ranges have been prevailing » 03:00
04/03/20
04/03
03:00
04/03/20
03:00

FX Update: Narrow ranges…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

General news
U.S. employment preview: » 01:55
04/03/20
04/03
01:55
04/03/20
01:55

U.S. employment preview:…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

Hot Stocks
Boeing suspends Philadelphia area production operations for two weeks » 22:08
04/02/20
04/02
22:08
04/02/20
22:08
BA

Boeing

$123.21 /

-7.635 (-5.84%)

Boeing said it is…

Boeing said it is temporarily suspending production operations at its facilities in Ridley Township, Pennsylvania, in light of the company's continuous assessment of the spread of COVID-19 in the region. "This action is intended to ensure the well-being of employees, their families and local communities, and will include an orderly shutdown consistent with requirements of U.S. and global defense customers," the company said in a statement. Boeing will suspend operations beginning at the end of day on Friday, April 3. The site includes manufacturing and production facilities for military rotorcraft, including the H-47 Chinook, V-22 Osprey and MH-139A Grey Wolf. Defense and commercial services work and engineering design activities are also performed at the site. The suspension of operations will last two weeks, with return to work on April 20. "During the suspension, Boeing will continue to monitor government guidance and actions on COVID-19 and associated impacts on company operations. The company will conduct additional deep cleaning activities at buildings across the site and establish rigorous criteria for return to work," Boeing added.

ShowHide Related Items >><<
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

Hot Stocks
Caesars to furlough about 90% of staff at domestic owned properties » 20:47
04/02/20
04/02
20:47
04/02/20
20:47
CZR

Caesars

$6.46 /

-0.17 (-2.56%)

The ongoing COVID-19…

The ongoing COVID-19 public health emergency has prompted the temporary shutdown of Caesars Entertainment Corporation's properties consistent with government or tribe-mandated directives around the world. Given the uncertain duration of the property closures throughout the network, Caesars is temporarily moving to the minimum workforce needed to maintain basic operations. The Company furloughed employees as its properties were ordered closed. The furloughs are expected to impact approximately 90% of employees at its domestic, owned properties as well as its corporate staff. Those individuals who are furloughed remain employees of the company throughout the furlough period. As part of its efforts, Caesars is taking steps to support its team members through the effects of these difficult actions. The company is paying furloughed employees for the first two weeks of the closure period and those employees can use their available paid time off after that. For furloughed employees enrolled in the Caesars health benefit plans, the company is paying 100% of health insurance premiums through June 30, or their return to work, whichever comes sooner.

ShowHide Related Items >><<
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

Earnings
Iqvia cuts Q1 EPS guidance to $1.46-$1.51 from $1.59-$1.65, consensus $1.59 » 20:45
04/02/20
04/02
20:45
04/02/20
20:45
IQV

Iqvia

$104.69 /

+4.5 (+4.49%)

Cuts Q1 revenue view to…

Cuts Q1 revenue view to $2.71B-$2.74B from $2.79B-$2.84B, consensus $2.81B. The company states: "IQVIA began 2020 with the same strong financial and operational momentum with which it closed 2019, with all three of the company's segments performing to expectations in January and February. As a result of the global spread of COVID-19 beginning in early March, the company began to experience an impact across all three of its reported segments, with a disproportionate impact to the R&D Solutions business. During March the R&DS business experienced, on average, about 35% global site closure and exited the first quarter with approximately 70% of global sites being temporarily inaccessible. While this has led to a decline in site based monitoring, the company has been able to implement remote and risk based monitoring as a partial offset. In addition, new trial start-up activities have been delayed as a result of these site closures. In Asia, however, business conditions have been gradually improving. At the peak of the crisis in China, approximately 80% of sites there were inaccessible, improving to approximately 40% of sites exiting the quarter. For the first quarter, the company expects the incremental unfavorable revenue impact on the R&DS business to be in the of range of $60M- $70M compared with the company's expectations on February 12, 2020. The R&DS business has not experienced any COVID-19 related trial cancellations. In fact, business development activity remained strong in the first quarter. The company continued to add strongly to its already industry leading contracted backlog. Technology and Analytics Solutions is relatively more insulated from the effects of the virus due to a high portion of recurring license revenue in this segment. However, businesses in this segment that rely on face-to-face interactions or are dependent on in-person gatherings, events or conferences are experiencing significant disruption. Similarly, the portion of the company's Real World business that requires site monitoring activity also experienced a decline in the month of March. The company expects a revenue impact from COVID-19 in the TAS segment of approximately $20 million to $30 million in the first quarter compared with the company's expectations on February 12, 2020. During the quarter, technology deployments continued and demand for analytics and technology remained strong, although business development activity began to slow at the end of the quarter due to COVID-19 related meeting postponements and delayed decision making related to certain projects. Activity within the Contract Sales and Medical Solutions business has also become more challenging due to a decline in sales rep visits, and physician attention diverted to the COVID-19 crisis. However, for the first quarter of 2020, IQVIA expects the CSMS business to perform in line with the company's original expectations. Across the business, the company expects a continued recovery in Asia, but expects difficult conditions in Europe and North America to persist at least through the end of the second quarter. The monthly revenue impact of COVID-19 is therefore expected to be greater in the second quarter, but due to cost containment measures, the proportional Adjusted EBITDA drop-through impact is expected to lessen during the second quarter. IQVIA expects an acceleration of business momentum when the crisis subsides due to resumption of delayed activities, which combined with continued strength in new business wins, positions IQVIA well for a strong recovery by the end of 2020 and a return to its growth trajectory headed into 2021."

ShowHide Related Items >><<
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

Earnings
Notable companies reporting before tomorrow's open » 20:25
04/02/20
04/02
20:25
04/02/20
20:25
STZ

Constellation Brands

$130.01 /

-6.88 (-5.03%)

Notable companies…

Notable companies reporting before tomorrow's open, with earnings consensus, include Constellation Brands (STZ), consensus $1.65.

ShowHide Related Items >><<
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

Recommendations
Fate Therapeutics price target raised to $63 from $57 at Piper Sandler » 20:14
04/02/20
04/02
20:14
04/02/20
20:14
FATE

Fate Therapeutics

$21.07 /

+0.865 (+4.28%)

Piper Sandler analyst…

Piper Sandler analyst Edward Tenthoff raised the firm's price target on Fate Therapeutics (FATE) to $63 from $57 and keeps an Overweight rating on the shares after the company entered into "major" global collaboration with Johnson & Johnson's Janssen (JNJ) to develop iPSC NK and T-cell therapies against four tumor-associated antigen. The analyst notes that the company previously warned that enrollment may be delayed due to COVID-19, but encouragingly, its first patient was dosed with FT596 in a Phase 1 study of B-cell malignancies and chronic lymphocytic leukemia.

ShowHide Related Items >><<
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

Hot Stocks
McEwen Mining names Peter Mah as COO effective immediately » 19:43
04/02/20
04/02
19:43
04/02/20
19:43
MUX

McEwen Mining

$0.71 /

+0.0402 (+6.03%)

McEwen Mining announces…

McEwen Mining announces the appointment of Peter Mah, P.Eng., as Chief Operating Officer effective immediately. Peter is a professional engineer with 30 years of global mining experience spanning gold, diamonds and base metals. Peter's experience comes from roles including Chief Operating Officer and Executive Vice President of Luna Gold, Group Executive at Newmont Mining, General Manager at the De Beers Victor Mine, Mine Manager of Newcrest's Kencana Mine, as well as engineering roles at Goldcorp and Placer Dome.

ShowHide Related Items >><<
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

Upgrade
Merlin Properties upgraded to Neutral from Sell at Goldman Sachs » 19:34
04/02/20
04/02
19:34
04/02/20
19:34
MRPRF

Merlin Properties

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Jonathan Kownator upgraded Merlin Properties to Neutral from Sell. The analyst notes that the stock is down 48% since mid-February peak reflecting his expectation that the company will be granting rental holidays to its retail tenants. Kownator believes however that at a 56% discount to net asset value, shares more than reflect Merlin's challenges.

ShowHide Related Items >><<
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

Initiation
Aroundtown resumed with a Buy at Goldman Sachs » 19:29
04/02/20
04/02
19:29
04/02/20
19:29
AANNF

Aroundtown

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Jonathan Kownator resumed coverage of Aroundtown with a Buy rating and EUR 5.90 price target. The analyst notes that the company's 25% exposure to hotels explains why the stock is down 50% since February, and while it may see some rental losses in 2020, he sees the de-rating in shares as overdone given that hotels should recover faster than retail.

ShowHide Related Items >><<
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

Upgrade
Segro upgraded to Buy from Neutral at Goldman Sachs » 19:26
04/02/20
04/02
19:26
04/02/20
19:26
SEGXF

Segro

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Jonathan Kownator upgraded Segro to Buy from Neutral with a 913 GBp price target. The company is structurally well-placed given the accelerating shift to online that is driving structural demand for its assets, the analyst writes in his research note. Kownator adds that Segro should benefit once the economy recovers from an acceleration of investments into the online logistics chain.

ShowHide Related Items >><<
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

Upgrade
Derwent London upgraded to Buy from Neutral at Goldman Sachs » 19:24
04/02/20
04/02
19:24
04/02/20
19:24
DWVYF

Derwent London

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Jonathan Kownator upgraded Derwent London to Buy from Neutral with a 4,174 GBp price target. The analyst says the company is well positioned with a low loan to value ratio of 16.9%, strong tenant profile with low exposure to retail shops, and an attractive and flexible development pipeline.

ShowHide Related Items >><<
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

Hot Stocks
Nvidia's Stevens sells over 11,000 common shares » 19:14
04/02/20
04/02
19:14
04/02/20
19:14
NVDA

Nvidia

$255.76 /

+12.72 (+5.23%)

In a regulatory filing,…

In a regulatory filing, Nvidia director Mark A. Stevens disclosed the sale of 11,125 common shares of the company at a price of $271.76 per share.

ShowHide Related Items >><<
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

Hot Stocks
Shoe Carnival extends store closures until further notice » 19:13
04/02/20
04/02
19:13
04/02/20
19:13
SCVL

Shoe Carnival

$16.32 /

-0.26 (-1.57%)

Shoe Carnival announced…

Shoe Carnival announced it would be extending its store closures until further notice. The company will be evaluating the length of its store closures in-line with guidance from federal, state, and local governments, as well as the safety of its employees. At this time, the company will continue to pay its associates as scheduled, but will further evaluate as the length of the closures becomes clearer. "Above all else, the well-being of our employees, customers and the communities we serve during this difficult period is our priority. We also know that the economic uncertainty that comes with government-mandated shelter-in-place orders has made many of our team members face financial hardships and our continued support during this period is critical," stated Cliff Sifford, Shoe Carnival's Vice Chairman and Chief Executive Officer. Sifford continued, "At the same time, we are taking decisive actions to manage costs across the Company, which includes salary and discretionary expense reductions. While these are tough decisions, we believe they are necessary for the long-term success of Shoe Carnival. We would like to thank our team and customers for the strength and patience they have shown throughout this process, and we are looking forward to the day we are able to safely re-open our stores to the Shoe Carnival community."

ShowHide Related Items >><<
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

Periodicals
S&P reiterates United States' AA+ credit rating, CNBC reports » 19:12
04/02/20
04/02
19:12
04/02/20
19:12
SPY

SPDR S&P 500 ETF Trust

$251.92 /

+5.81 (+2.36%)

, SPX

S&P 500

$0.00 /

+ (+0.00%)

S&P has affirmed the…

S&P has affirmed the United States' AA+ credit rating, saying that its outlook remains stable with the "expectation that unprecedented fiscal and monetary stimulus will limit the economic downturn," CNBC reports. Reference Link

ShowHide Related Items >><<
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

Periodicals
United Airlines president says revenue down $100M per day, CNBC reports » 19:04
04/02/20
04/02
19:04
04/02/20
19:04
UAL

United Airlines

$23.42 /

-2.225 (-8.68%)

At a United Airlines…

At a United Airlines employee town hall meeting, company president Scott Kirby estimated that the company's revenue is down $100M per day in the wake of the COVID-19 pandemic, CNBC's Phil LeBeau reports. Reference Link

ShowHide Related Items >><<
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.