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Fly News Breaks for November 20, 2015
HAFC, EXPR, WSM, RH, NMBL, MENT, GRFS, EXP, SUNE, SAFM, BTU, HE, FGL, EE, WDAY, SSW, POL, KPLUF, DSX, CLD, CM, ADSK, ARG, DCIX, GTLS, BBBY, AMWD, CNV, CAJ, BCS, AKAM
Nov 20, 2015 | 10:00 EDT
Today's noteworthy downgrades include: Airgas (ARG) downgraded to Hold from Buy at Jefferies... Akamai (AKAM) downgraded to Sell from Neutral at Goldman... American Woodmark (AMWD) downgraded to Neutral at Baird... Autodesk (ADSK) downgraded to Sector Perform from Outperform at RBC Capital... Barclays (BCS) downgraded to Equal Weight from Overweight at Morgan Stanley... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Cantor... CIBC (CM) downgraded to Sector Perform from Outperform at Scotia Howard Weil... Canon (CAJ) downgraded to Neutral from Outperform at Macquarie... Chart Industries (GTLS) downgraded to Neutral from Overweight at Piper Jaffray... Cloud Peak (CLD) downgraded to Sell from Buy at UBS... Cnova (CNV) downgraded to Neutral from Overweight at JPMorgan... Diana Containerships (DCIX) downgraded to Underperform at Wells Fargo... Diana Shipping (DSX) downgraded to Market Perform from Outperform at Wells Fargo... Eagle Materials (EXP) downgraded to Neutral from Buy at Goldman... El Paso Electric (EE) downgraded to Underperform from Hold at Jefferies... Express (EXPR) downgraded to Sell from Neutral at Goldman... Fidelity & Guaranty Life (FGL) downgraded to Sector Perform from Outperform at RBC Capital... Grifols (GRFS) downgraded to Hold from Buy at Berenberg... Hanmi Financial (HAFC) downgraded to Neutral from Overweight at Piper Jaffray... Hawaiian Electric (HE) downgraded to Market Perform from Outperform at Wells Fargo... K+S (KPLUF) downgraded to Underperform from Neutral at Credit Suisse... Mentor Graphics (MENT) downgraded to Hold from Buy at Needham... Nimble Storage (NMBL) downgraded to Sector Weight from Overweight at Pacific Crest... Peabody (BTU) downgraded to Sell from Neutral at UBS... PolyOne (POL) downgraded to Neutral from Accumulate at Seaport Global... Restoration Hardware (RH) downgraded to Neutral from Buy at Goldman... Sanderson Farms (SAFM) downgraded to Neutral from Buy at Sidoti... Seaspan (SSW) downgraded to Market Perform from Outperform at Wells Fargo... SunEdison (SUNE) downgraded to Neutral from Overweight at JPMorgan... Williams-Sonoma (WSM) downgraded to Buy from Conviction Buy at Goldman... Workday (WDAY) downgraded to Neutral from Outperform at Wedbush.
News For ARG;AKAM;AMWD;ADSK;BCS;BBBY;CM;CAJ;GTLS;CLD;CNV;DCIX;DSX;EE;EXP;EXPR;FGL;GRFS;HAFC;HE;MENT;KPLUF;BTU;NMBL;POL;SAFM;RH;SSW;SUNE;WSM;WDAY From the Last 2 Days
BCS
Jun 18, 2019 | 14:50 EDT
Wells Fargo & Co (WFC) has been dismissed as a defendant in litigation brought by the cities of Philadelphia and Baltimore, which are alleging that large banks are conspiring to inflate interest rates for variable-rate demand obligations, a form of tax-exempt bond, Reuters reports. The dismissal came after the bank represented that it did not remarket, provide letters of credit for, or manage money market funds that invested in the obligations, the report says, citing a filing in federal court in Manhattan. Other Wells Fargo entities are still defendants, the report notes. Goldman Sachs (GS) and JPMorgan (JPM) were previously removed from the case, while Bank of America (BAC), Barclays (BCS), Citi (C), and Royal Bank of Canada (RY) continue to be defendants, the report says. Reference Link
RH
Jun 17, 2019 | 07:41 EDT
Raymond James analyst Bobby Griffin reaffirmed a Market Perform rating on RH following the company's "solid" Q1 results, but says he remains on the sidelines for now as some macroeconomic/geopolitical concerns remain, and, as the company's recent results illustrate, business remains volatile. Griffin also tells investors in a research note that with a little less than 40% of products still sourced from China, he remains concerned about price elasticity as tariff-related price increases start to flow through to consumers.