Dynegy Inc. (DYN), Ferrellgas Partners (FGP), Patterson-UTI (PTEN), American Railcar Industries (ARII), Main Street Capital Co. (MAIN), Fidelity Bancorp Inc (FSBI) and General Mills (GIS) were downgraded by analysts.
BTIG downgraded Dynegy Inc. (DYN) from a "Buy" rating to a "Neutral" rating.
Wells Fargo & Co. downgraded Ferrellgas Partners (FGP) from a "Market Perform" rating to a "Underperform" rating.
Miller Tabak downgraded Patterson-UTI (PTEN) from a "Buy" rating to a "Sell" rating.
KeyBanc downgraded American Railcar Industries (ARII) from a "Buy" rating to a "Hold" rating.
Morgan Keegan downgraded Main Street Capital Co. (MAIN) from an "Outperform" rating to a "Market Perform" rating.
TheStreet downgraded Fidelity Bancorp (FSBI) to a "Sell" rating.
Goldman Sachs downgraded General Mills (GIS) from a "Buy" rating to a "Neutral" rating.
Showing posts with label Dynegy. Show all posts
Showing posts with label Dynegy. Show all posts
Monday, March 12, 2012
Wednesday, December 28, 2011
Dynegy (DYN) (UTHR) (VMED) (WTSLA) (AGCO) (CHU) (CTSH) Ratings Reiterated
Dynegy Inc. (NYSE: DYN), United Therapeutics (NASDAQ: UTHR), Virgin Media (NASDAQ: VMED), Wet Seal (NASDAQ: WTSLA), AGCO Corp. (NASDAQ: AGCO), China Unicom Hong Kong (NYSE: CHU) and Cognizant (NASDAQ: CTSH) had ratings on them reiterated by analysts.
Dynegy Inc. (DYN) had its “Neutral” rating reiterated by Zacks Investment Research. They have a price target of $3.00 on the company.
United Therapeutics (UTHR) had its “Outperform” rating reiterated by Wedbush.
Virgin Media (VMED) had its “Neutral” rating reiterated by analysts at Zacks Investment Research. They have a price target of $22.00 on the company.
Wet Seal (WTSLA) had its “Neutral” rating reiterated by Zacks Investment Research. They have a price target of $3.50 on the company.
AGCO Corp. (AGCO) had its “Outperform” rating reiterated by Zacks Investment Research. They have a price target of $51.00 on the company.
China Unicom Hong Kong (CHU) had its “Neutral” rating reiterated by Zacks Investment Research. They have a price target of $22.00 on the company.
Cognizant (CTSH) had its “Neutral” rating reiterated by Zacks Investment Research. They have a price target of $67.00 on the company.
Dynegy Inc. (DYN) had its “Neutral” rating reiterated by Zacks Investment Research. They have a price target of $3.00 on the company.
United Therapeutics (UTHR) had its “Outperform” rating reiterated by Wedbush.
Virgin Media (VMED) had its “Neutral” rating reiterated by analysts at Zacks Investment Research. They have a price target of $22.00 on the company.
Wet Seal (WTSLA) had its “Neutral” rating reiterated by Zacks Investment Research. They have a price target of $3.50 on the company.
AGCO Corp. (AGCO) had its “Outperform” rating reiterated by Zacks Investment Research. They have a price target of $51.00 on the company.
China Unicom Hong Kong (CHU) had its “Neutral” rating reiterated by Zacks Investment Research. They have a price target of $22.00 on the company.
Cognizant (CTSH) had its “Neutral” rating reiterated by Zacks Investment Research. They have a price target of $67.00 on the company.
Friday, October 7, 2011
Dynegy (DYN) (ILMN) (LIFE) (END) (INCB) (EQT) Downgraded
Dynegy Inc. (NYSE: DYN), Illumina, Inc. (NASDAQ: ILMN), Life Technologies Corporation (NASDAQ: LIFE), Endeavour International Co. (NYSE: END), Indiana Community Bancorp (NASDAQ: INCB) and EQT Corp. (NYSE: EQT) were downgraded by analysts.
Dynegy Inc. (DYN) was downgraded by Macquarie from a “Neutral” rating to an “Underperform” rating.
Illumina, Inc. (ILMN) was downgraded by Citigroup (NYSE:C) to a “Hold” rating.
Life Technologies Corporation (LIFE) was downgraded by Citigroup from a “Buy” rating to a “Hold” rating. They have a price target of $43.00 on the company, down from $53.00.
Endeavour International Co. (END) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Indiana Community Bancorp (INCB) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.
EQT Corp. (EQT) was downgraded by SunTrust from a “Buy” rating to a “Neutral” rating.
Dynegy Inc. (DYN) was downgraded by Macquarie from a “Neutral” rating to an “Underperform” rating.
Illumina, Inc. (ILMN) was downgraded by Citigroup (NYSE:C) to a “Hold” rating.
Life Technologies Corporation (LIFE) was downgraded by Citigroup from a “Buy” rating to a “Hold” rating. They have a price target of $43.00 on the company, down from $53.00.
Endeavour International Co. (END) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Indiana Community Bancorp (INCB) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.
EQT Corp. (EQT) was downgraded by SunTrust from a “Buy” rating to a “Neutral” rating.
Thursday, September 1, 2011
Arch Coal (ACI) (CTSH) (DYN) (CELL) Upgraded
Arch Coal Inc (NYSE: ACI), Cognizant Technology Solutions (Nasdaq: CTSH), Dynegy (NYSE: DYN) and Brightpoint (Nasdaq: CELL) upgraded by analysts.
Needham & Company upgraded Cognizant Technology Solutions (CTSH) from "Buy" rating to a "Strong Buy" rating. They have a price target of $100 on the company.
Macquarie upgraded Dynegy (DYN) from an "Underperform" rating to a "Neutral" rating. They have a price target of $5 on the company.
BMO Capital upgraded Arch Coal Inc. (ACI) from a "Market Perform" rating to an "Outperform" rating. They have a price target of $35 on the company, up from $30.
Citigroup (NYSE:C) upgraded Brightpoint (CELL) from a "Hold" rating to a "Buy" rating.
Needham & Company upgraded Cognizant Technology Solutions (CTSH) from "Buy" rating to a "Strong Buy" rating. They have a price target of $100 on the company.
Macquarie upgraded Dynegy (DYN) from an "Underperform" rating to a "Neutral" rating. They have a price target of $5 on the company.
BMO Capital upgraded Arch Coal Inc. (ACI) from a "Market Perform" rating to an "Outperform" rating. They have a price target of $35 on the company, up from $30.
Citigroup (NYSE:C) upgraded Brightpoint (CELL) from a "Hold" rating to a "Buy" rating.
Tuesday, August 2, 2011
Dynegy (DYN) (EEP) (EMN) (MET) (WSDT) (CPN) Ratings Reiterated
Dynegy Inc. (NYSE: DYN), Enbridge Energy Partners LP (NYSE: EEP), Eastman Chemical Co (NYSE: EMN), MetLife, Inc. (NYSE: MET), WisdomTree Investments, Inc. (NASDAQ: WSDT) and Calpine (NYSE: CPN) have ratings reiterated by analysts.
Jefferies (NYSE:JEF) reiterated its "Hold" rating on Dynegy Inc. (DYN).
Citigroup (NYSE:C) maintains its "Buy" rating on Enbridge Energy Partners LP (EEP).
Citigroup reiterated its "Hold" rating on Eastman Chemical Co (EMN).
Citigroup reiterated its "Buy" rating on MetLife, Inc. (MET).
Citigroup reiterated its "Buy" rating on WisdomTree Investments, Inc. (WSDT). They have a price target of $10.00 on the company.
Wunderlich reiterated a "Buy" rating on Calpine (CPN). They have a price target of $18.00 on the company.
Jefferies (NYSE:JEF) reiterated its "Hold" rating on Dynegy Inc. (DYN).
Citigroup (NYSE:C) maintains its "Buy" rating on Enbridge Energy Partners LP (EEP).
Citigroup reiterated its "Hold" rating on Eastman Chemical Co (EMN).
Citigroup reiterated its "Buy" rating on MetLife, Inc. (MET).
Citigroup reiterated its "Buy" rating on WisdomTree Investments, Inc. (WSDT). They have a price target of $10.00 on the company.
Wunderlich reiterated a "Buy" rating on Calpine (CPN). They have a price target of $18.00 on the company.
Wednesday, May 18, 2011
Price Targets on (CSCO) (DLTR) (DTV) (DYN) (ENS) Updated
Price targets on shares of Cisco Systems, Inc. (NASDAQ: CSCO), Dollar Tree Inc (NASDAQ: DLTR), DirecTV (NYSE: DTV), Dynegy Inc. (NYSE: DYN) and EnerSys (NYSE: ENS) updated by analysts.
Deutsche Bank (NYSE:DB) cut their price target on Cisco Systems, Inc. (CSCO) from $20.00 to $19.00.
Jefferies (NYSE:JEF) raised their price target on Dollar Tree Inc (DLTR) from $62.00 to $69.00. They have a “buy” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on DirecTV (DTV) to $57.00. They have an “overweight” rating on the company.
Ladenburg Thalmann raised their price target on Dynegy Inc. (DYN) from $5.50 to $6.00. They have a “neutral” rating on the company.
Needham & Company raised their price target on EnerSys (ENS) from $40.00 to $42.00. They have a “buy” rating on the company.
Deutsche Bank (NYSE:DB) cut their price target on Cisco Systems, Inc. (CSCO) from $20.00 to $19.00.
Jefferies (NYSE:JEF) raised their price target on Dollar Tree Inc (DLTR) from $62.00 to $69.00. They have a “buy” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on DirecTV (DTV) to $57.00. They have an “overweight” rating on the company.
Ladenburg Thalmann raised their price target on Dynegy Inc. (DYN) from $5.50 to $6.00. They have a “neutral” rating on the company.
Needham & Company raised their price target on EnerSys (ENS) from $40.00 to $42.00. They have a “buy” rating on the company.
Wednesday, March 9, 2011
Dynegy (DYN) May Declare Chapter 11 Bankruptcy
Shares of Dynegy (NYSE:DYN) are down today, following the filing of their 10-K with the U.S. Securities and Exchange Commission yesterday where they revealed they may have to seek Chapter 11 protection in the case they not be able to amend or replace their existing credit facility.
The company also said in their latest quarterly report that they will no longer issue guidance: "In light of recent management and board changes that may affect the company’s strategic plans, Dynegy currently does not intend to provide guidance estimates for 2011."
Here's what Dynegy said in their filing: "In light of our likely non-compliance, we are attempting to amend or replace our existing Credit Facility. If we are able to amend our Credit Facility or enter into a new facility, we expect that capacity of any such facility to be less than the current capacity of $1.8 billion and to be at a higher cost, which reduced capacity and increased costs could have a material adverse effect on our ability to successfully run our business. We may also seek additional sources of liquidity in an effort to secure sufficient cash to meet our operating needs. These additional sources of liquidity could include asset sales, public or private issuances of debt, equity or equity-linked securities, debt for equity swaps, or any combination of these. However, we cannot provide any assurances that we will be successful in accomplishing any of these plans. If we are unable to successfully execute our plan to amend or replace our Credit Facility or otherwise obtain additional sources of liquidity, it may be necessary for us to seek protection from creditors under Chapter 11 of the U.S. Bankruptcy Code, or an involuntary petition for bankruptcy may be filed against us."
Dynegy was trading at $5.69, dropping $0.10, or 1.73 percent, as of 12:04 PM EST.
The company also said in their latest quarterly report that they will no longer issue guidance: "In light of recent management and board changes that may affect the company’s strategic plans, Dynegy currently does not intend to provide guidance estimates for 2011."
Here's what Dynegy said in their filing: "In light of our likely non-compliance, we are attempting to amend or replace our existing Credit Facility. If we are able to amend our Credit Facility or enter into a new facility, we expect that capacity of any such facility to be less than the current capacity of $1.8 billion and to be at a higher cost, which reduced capacity and increased costs could have a material adverse effect on our ability to successfully run our business. We may also seek additional sources of liquidity in an effort to secure sufficient cash to meet our operating needs. These additional sources of liquidity could include asset sales, public or private issuances of debt, equity or equity-linked securities, debt for equity swaps, or any combination of these. However, we cannot provide any assurances that we will be successful in accomplishing any of these plans. If we are unable to successfully execute our plan to amend or replace our Credit Facility or otherwise obtain additional sources of liquidity, it may be necessary for us to seek protection from creditors under Chapter 11 of the U.S. Bankruptcy Code, or an involuntary petition for bankruptcy may be filed against us."
Dynegy was trading at $5.69, dropping $0.10, or 1.73 percent, as of 12:04 PM EST.
Tuesday, February 22, 2011
Dynegy (DYN) Deal with Icahn Rejected, CEO Stepping Down
Dynegy Inc. (NYSE:DYN) said its chairman and CEO is stepping down and its directors will be replaced as an agreement to be acquired by billionaire investor Carl Icahn was terminated.
The shake-up is at least a partial victory for Seneca Capital, one of Dynegy's biggest shareholders. Seneca had sought to replace Chairman Bruce Williamson and opposed Icahn's $665 million offer. That offer expired Friday afternoon, failing to get sufficient support from shareholders.
Williamson will resign as a director and chairman effective immediately. He will step down as CEO and president on March 11. At that time, David Biegler, an independent director, will take over those roles on an interim basis. Patricia Hammick, previously lead director, will serve as chairman.
In addition, Holli Nichols will step down as Dynegy's chief financial officer and executive vice president, also effective March 11. Charles C. Cook, executive vice president, commercial operations and market analytics, will serve as interim CFO.
Rest of Story ...
The shake-up is at least a partial victory for Seneca Capital, one of Dynegy's biggest shareholders. Seneca had sought to replace Chairman Bruce Williamson and opposed Icahn's $665 million offer. That offer expired Friday afternoon, failing to get sufficient support from shareholders.
Williamson will resign as a director and chairman effective immediately. He will step down as CEO and president on March 11. At that time, David Biegler, an independent director, will take over those roles on an interim basis. Patricia Hammick, previously lead director, will serve as chairman.
In addition, Holli Nichols will step down as Dynegy's chief financial officer and executive vice president, also effective March 11. Charles C. Cook, executive vice president, commercial operations and market analytics, will serve as interim CFO.
Rest of Story ...
Wednesday, December 15, 2010
Dynegy (NYSE:DYN) Approves Icahn's Bid
The 10 percent premium offered for Dynegy (NYSE:DYN) by Carl Icahn over Blackstone's (NYSE:BX) bid was enough to push Dynegy to accept the offer.
Icahn upped the bid for Dynegy from the $5 a share Blackstone offered to $5.50.
The values Dynegy as about $665 million, which would be an all-cash deal.
A subsidiary of Icahn Enterprises (NYSE:IEP) will make the tender offer on December 22.
If any better offers are made for Dynegy, the company will consider them through January 24, 2011.
Assuming no other offers, the deal is expected to close sometime in the first quarter of 2011.
Icahn upped the bid for Dynegy from the $5 a share Blackstone offered to $5.50.
The values Dynegy as about $665 million, which would be an all-cash deal.
A subsidiary of Icahn Enterprises (NYSE:IEP) will make the tender offer on December 22.
If any better offers are made for Dynegy, the company will consider them through January 24, 2011.
Assuming no other offers, the deal is expected to close sometime in the first quarter of 2011.
Wednesday, November 24, 2010
Greenhill (NYSE:GHL) Backlog Weakened After Dynegy (NYSE:DYN) Decision with Blackstone (NYSE:BX)
After Dynegy (NYSE:DYN) decided to end their deal with Blackstone (NYSE:BX), Greenhill's (NYSE:GHL) backlog was weakend, although news they were hired by the Treasury Department to consult them on getting rid of their stake in AIG helped them a lot.
Ticonderoga said, "This morning, Dynegy announced its decision to terminate its pact with Blackstone and seek other offers. GHL was advising Dynegy and may continue to do so, but the deal was an estimated 18% of the backlog. Excluding the Dynegy deal, we estimate the backlog coverage ratio (est. fees from the current backlog/our forward 3Q revenue est.) drops to roughly 30% from 36%; this compares to 87% for Lazard (NYSE:LAZ) and 80% for Evercore (NYSE:EVR).
"While there is still time for GHL to build the backlog, consensus 2011 EPS estimates call for a 97% increase vs. 2010. This compares to 26% for LAZ and 77% for EVR. If we do not see a material improvement in deal activity over the next few months, we would expect 2011 EPS estimates to be negatively impacted."
Greenhill closed Tuesday at $75.57, falling $0.38, or 0.50 percent. Ticonderoga maintains a "Neutral" rating on them.
Ticonderoga said, "This morning, Dynegy announced its decision to terminate its pact with Blackstone and seek other offers. GHL was advising Dynegy and may continue to do so, but the deal was an estimated 18% of the backlog. Excluding the Dynegy deal, we estimate the backlog coverage ratio (est. fees from the current backlog/our forward 3Q revenue est.) drops to roughly 30% from 36%; this compares to 87% for Lazard (NYSE:LAZ) and 80% for Evercore (NYSE:EVR).
"While there is still time for GHL to build the backlog, consensus 2011 EPS estimates call for a 97% increase vs. 2010. This compares to 26% for LAZ and 77% for EVR. If we do not see a material improvement in deal activity over the next few months, we would expect 2011 EPS estimates to be negatively impacted."
Greenhill closed Tuesday at $75.57, falling $0.38, or 0.50 percent. Ticonderoga maintains a "Neutral" rating on them.
Friday, September 24, 2010
Dynegy (NYSE:DYN) Downgraded by JP Morgan (NYSE:JPM)
JP Morgan (NYSE:JPM) downgraded Dynegy (NYSE:DYN) from "Overweight" to "Neutral," while lowering the price target on the company from $10 to $5.
After a 40-day period of seeking an alternative to the bid from The Blackstone Group (NYSE:BX), Dynegy, while receiving some interest, didn't end up with any other bids.
Dynegy stated, “Despite this solicitation of interest, Dynegy did not receive any acquisition proposals.”
They said eight parties gained access to private company information in order to make an informed decision, but they evidently didn't like what they saw.
A shareholder meeting of Dynegy on November 17 is set, where the merger with Blackstone will be approved. The deal should close in near the end of November.
After a 40-day period of seeking an alternative to the bid from The Blackstone Group (NYSE:BX), Dynegy, while receiving some interest, didn't end up with any other bids.
Dynegy stated, “Despite this solicitation of interest, Dynegy did not receive any acquisition proposals.”
They said eight parties gained access to private company information in order to make an informed decision, but they evidently didn't like what they saw.
A shareholder meeting of Dynegy on November 17 is set, where the merger with Blackstone will be approved. The deal should close in near the end of November.
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