Morning Brife ( Aug 18)

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Morning Brife ( Aug 18)　


来源: 天涯山人 于 2015-08-18 05:26:47

AUGUST 18. 2015

US futures pulling back at this 7AM hour as overseas market trade mostly in the red. The Shanghai fell more than 6% overnight as fears over another yuan depreciation rebounds. Meanwhile, oil continued it’s down move as numbers seem to suggest that traders have taken huge speculative bets on further falls and hedge funds have cut their net long holdings of Brent Crude for the fourth week.
NEWS:
ESPR: Esperion Therapeutics Will Not Require CVOT for FDA Approval for ETC-1002
SUNE: SunEdison, Goldman Sachs funds form $1 bln investment vehicle, reports reuters
SUNE: SunEdison announces $500M convertible preferred stock offering
NURO: reports positive clinical results for Quell wearable pain relief device
FB: Facebook tests revamped ‘notes’ to counter Tumblr and Medium, reports cnet
BA: Boeing delays test flight of aerial refueling tanker, reports the wsj
BBT: NPBC: BB&T to acquireNational Penn Bancshares for $1.8B in a cash and stock deal
BAM:Canada’s Brookfield Asset Management  is acquiring Australian ports operator Asciano for $6.6B
ON THE ECONOMIC CALENDAR:
8:30AM: Housing Starts
8:55AM: Redbook Chain Store Sales
EARNINGS REPORTED BEFORE THE OPENING THIS MORNING:
HD: Q2 EPS of $1.71 in-line: revenue of $24.8B beats by $110M: revenue $4.2% Y/Y: raises guidance
WMT: Q2 EPS of $1.08 misses by $0.04: revenue of $120.2B beats by $480M: lowers guidance
TSL: Q2 EPADS of $0.42 beats by $0.17: revenue of $722.94M beats by $71.23M: revenue +39.2% Y/Y
RECAP OF SOME NOTABLE EARNINGS LAST NIGHT AFTER THE CLOSE:
A: FQ3 EPS of $0.44 beats by $0.03: revenue of $1.01B beats by $10M: light revenue guidance
URBN: Q2 EPS of $0.52 beats by $0.03: revenue of $867.46M misses by $13.7M
SOME NOTABLE EARNINGS AFTER THE CLOSE TODAY:
ADI, DV, LZB, PLAB, SINA, TEDU, WB
ANALYSTS’ RATINGS CHANGES:
UPGRADES:
FEYE: upgrade: in-line to outperform: Imperial Capital: pt raised from $45.50 to $55
EL: upgrade: market perform to outperform: Telsey Advisory Group: $99
LEA: upgrade: neutral to buy: UBS: pt raised from $115 to $124
SHW: upgrade: sell to neutral: UBS: pt raised from $278 to $284
ZION: upgrade: equal weight to overweight: Barclays
INOV: upgrade: buy to conviction buy: Goldman
ECHO: upgrade: hold to buy: Stifel
COH: upgrade: hold to buy: Jefferies
DOWNGRADES:
PFG: downgrade: outperform to market perform: Keefe Bruyette
DIS: downgrade: outperform to market perform: Wells Fargo: pt range $112-119
PCP: downgrade: buy to neutral: UBS: pt cut from $244 to $235
SNDK: downgrade: neutral to underperform: BoA/Merrill; pt cut from $75 to $40
VRA: downgrade: buy to hold: Jefferies: $11
INITIATIONS:
AEP: initiated: buy: Mizuho: $65
FNSR: initiated: market perform: Northland Capital: $15
JUNO: initiated: outperform: FBR Capital: $73
CMRX: initiated; outperform: FBR Capital: $73
INFN: initiated: Northland Capital: $30
CIEN: initiated: Northland Capital:$25
PRICE TARGET CHANGES:
CASY: pt raised from $102 to $109: RBC Capital
NBIX: pt raised from $39 to $61: Jefferies
ZU: pt raised from $12 to $18.75: RBC Capital
URBN: pt cut from $36 to $34: Mizuho
URBN: pt cut from $40 to $37: RBC Capital
CI: pt cut from $184 to $182: RBC Capital