2023-01-23 16:41:41 F Ford
01/23/23 01/2316:41 01/23/2316:41 | Ford sees Q4 pre-tax remeasurement gain of roughly $50M from pension, OPEB plansIn a regulatory filing, Ford said: "We expect to record a pre-tax remeasurement gain in our fourth quarter 2022 results of approximately $50 million related to our pension and OPEB plans. This includes a $1.7 billion loss associated with pension plans in the United States, a $450 million gain associated with pension plans outside the United States, and a $1.3 billion gain associated with OPEB plans globally. Overall, the small remeasurement gain is primarily explained by higher discount rates compared with year-end 2021 largely offset by pension asset returns that were lower than our assumptions. On an after-tax basis, the remeasurement is expected to decrease our net income by about $220 million. The decrease is due to the net deferred tax expense we expect to recognize as a result of the variability in tax rates in the jurisdictions where there are remeasurement gains or losses. Because the remeasurement is a special item, it will not impact our total Company adjusted EBIT or adjusted earnings per share. The remeasurement did not have an impact on our cash in 2022, and does not change our expectations for pension contributions in 2023. In aggregate, our funded plans remain fully funded. Including the impact of remeasurement gains and losses during 2022, we expect the underfunded status for our pension and OPEB plans to be about $0.2 billion and $4.5 billion, respectively, at year-end 2022, compared with $0.3 billion and $6.0 billion, respectively, at year-end 2021. The change to the underfunded status of our plans in the aggregate primarily reflects the impact of higher discount rates." |
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Standard Chartered upgraded to Buy from Hold at Investec »
04:34 02/03/23 02/0304:34 02/03/2304:34
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Standard Chartered
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Amazon.com price target raised to $123 from $119 at Piper Sandler »
04:32 02/03/23 02/0304:32 02/03/2304:32
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Alphabet price target lowered to $120 from $122 at Piper Sandler »
04:30 02/03/23 02/0304:30 02/03/2304:30
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Alphabet
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Gilead price target raised to $112 from $111 at Piper Sandler »
04:28 02/03/23 02/0304:28 02/03/2304:28
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Conmed price target raised to $118 from $108 at Piper Sandler »
04:27 02/03/23 02/0304:27 02/03/2304:27
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Initiation
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Privia Health initiated with a Buy at Goldman Sachs »
04:26 02/03/23 02/0304:26 02/03/2304:26
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Privia Health
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Agios Pharmaceuticals initiated with an Overweight at Piper Sandler »
04:25 02/03/23 02/0304:25 02/03/2304:25
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China economy bounces back thanks to services. »
02:25 02/03/23 02/0302:25 02/03/2302:25
$ECON
Economic Data
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Piper Sandler economist to hold an analyst/industry conference call »
22:33 02/02/23 02/0222:33 02/02/2322:33
Chief Economist Lazar and… Chief Economist Lazar and Head of Global Policy Perli discuss payrolls and their implications on an Analyst/Industry conference call to be held on February 3 at 8:45 am. Webcast Link |
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Cowen medical devices analyst to hold analyst/industry conference call »
22:24 02/02/23 02/0222:24 02/02/2322:24
Medical Devices Analyst… Medical Devices Analyst Jennings, along with Dr. Shephal Doshi, Director of Cardiac Electrophysiology at Pacific Heart Institute, discuss the market dynamics of the U.S. Left Atrial Appendage Closure (LAAC) Duopoly on an Analyst/Industry conference call to be held on February 7 at 12:30 pm. Webcast Link |
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Avalo Therapeutics 3.77M share Spot Secondary priced at $3.98 »
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Avalo Therapeutics
SVB Securities and RBC… SVB Securities and RBC Capital are acting as joint book running managers for the offering. ShowHide Related Items >><<
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Conmed price target raised to $118 from $108 at Piper Sandler »
21:55 02/02/23 02/0221:55 02/02/2321:55
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Piper Sandler analyst… Piper Sandler analyst Matt O'Brien raised the firm's price target on Conmed to $118 from $108 and keeps an Overweight rating on the shares. The company unsurprisingly missed on Q4 earnings and revenue due to a previously disclosed Software Implementation issue, but this should be a transitory factor, the analyst tells investors in a research note. Conmed's key growth drivers - the Smoke business, In2Bones and Biorez - remain strong and should stay that way through 2023 and beyond, the firm adds. ShowHide Related Items >><<
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Roivant Sciences 26.67M share Secondary priced at $7.50 »
21:17 02/02/23 02/0221:17 02/02/2321:17
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The deal size was… The deal size was increased to $200M from $150M and priced below last closing price of $7.59. Goldman Sachs, SVB Securities, Cowen and Cantor Fitzgerald are acting as joint book running managers for the offering. ShowHide Related Items >><<
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Edible Garden 1.62M share Spot Secondary priced at $6.30 »
20:43 02/02/23 02/0220:43 02/02/2320:43
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The deal priced below… The deal priced below last closing price of $8.35. Maxim and Joseph Gunnar are acting as joint book running managers for the offering. ShowHide Related Items >><<
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Dutch Bros CEO sells $6.0M in common stock »
20:39 02/02/23 02/0220:39 02/02/2320:39
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In a regulatory filing,… In a regulatory filing, Dutch Bros disclosed that its CEO Jonathan Ricci sold 160K shares of common stock on February 1 in a total transaction size of $6.0M. ShowHide Related Items >><<
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Earnings
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Notable companies reporting before tomorrow's open »
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Notable companies… Notable companies reporting before tomorrow's open, with earnings consensus, include Cigna (CI), consensus $4.86... Regneron (REGN), consensus $10.03... Zimmer Biomet (ZBH), consensus $1.83... Church & Dwight (CHD), consensus 60c... Saia (SAIA), consensus $2.83. ShowHide Related Items >><<
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Nordstrom ends afterhours session up 31% after WSJ report on Ryan Cohen stake
20:16 02/02/23 02/0220:16 02/02/2320:16
JWN
Nordstrom
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Cathie Wood's ARK Investment bought 56.1K shares of Velo3D today
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Velo3D
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Syndicate
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Structure Therapeutics 10.74M share IPO priced at $15.00 »
19:49 02/02/23 02/0219:49 02/02/2319:49
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The deal priced at high… The deal priced at high end of $13.00-$15.00 range. Jefferies, SVB Securities, Guggenheim and BMO Capital are acting as joint book running managers for the offering. ShowHide Related Items >><< |
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Focus Financial downgraded to Market Perform from Outperform at BMO Capital »
19:38 02/02/23 02/0219:38 02/02/2319:38
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BMO Capital analyst James… BMO Capital analyst James Fotheringham downgraded Focus Financial to Market Perform from Outperform with a price target of $53, down from $55. The analyst cites the company's announced acquisition proposal from Clayton, Dubilier & Rice at $53 per share, also stating that since this is an exclusivity agreement, a competing bid is not expected. ShowHide Related Items >><<
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Avista raises quarterly dividend 4.5% to 46c per share »
19:08 02/02/23 02/0219:08 02/02/2319:08
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Avista Corp.'s board… Avista Corp.'s board of directors has declared a quarterly dividend of 46c per share on the company's common stock, an increase of 2c per share or 4.5%, yielding an annualized dividend of $1.84. The common stock dividend is payable March 15, 2023, to shareholders of record at the close of business on Feb. 17, 2023. "The dividend increase approved by the board of directors marks the twenty-first consecutive year the board has raised the dividend for our shareholders. I believe it demonstrates the board's commitment to maximizing shareholder value," said Avista President and Chief Executive Officer Dennis Vermillion. ShowHide Related Items >><<
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Periodicals
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Ryan Cohen amasses sizable stake in Nordstrom, WSJ reports »
19:05 02/02/23 02/0219:05 02/02/2319:05
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Activist investor Ryan… Activist investor Ryan Cohen has taken a sizable stake in Nordstrom (JWN) and plans to urge the company to make changes to its board following a major stock dip, the Wall Street Journal's Lauren Thomas reports, citing people familiar with the matter. Cohen, known for helping ignite large rallies in stocks like GameStop (GME) and for co-founding Chewy (CHWY), is one of the top-five nonfamily investors in Nordstrom, Thomas notes. Reference Link ShowHide Related Items >><<
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On The Fly
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Fly Intel: After-Hours Movers »
18:53 02/02/23 02/0218:53 02/02/2318:53
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Wereldhave upgraded to Outperform from Neutral at Oddo BHF »
18:38 02/02/23 02/0218:38 02/02/2318:38
WRDEF
Wereldhave
Oddo BHF analyst Steven… Oddo BHF analyst Steven Boumans upgraded Wereldhave to Outperform from Neutral with a EUR 17 price target. ShowHide Related Items >><<
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