Stock Analysts

XL Group Upgraded (ACE) (XL)

We are upgrading XL Group ( XL ) to Neutral from Underperform based on the strength o f its second quarter results. The quarter benefited from select new business growth coupled with an increase in income from operating affiliates and positive prior year loss development. However, larger natural catastrophe losses and other large individual losses somewhat dwarfed the positives. […]

Stock Analysts

Illinois Tool Issues $1B Notes (ITW)

Illinois Tool Works Inc. ( ITW ) recently issued notes in two-parts, with an offering of roughly $350 million in the first part and about $650 million notes in the second. Notes offered in the first part carries a coupon rate of 3.375% and were issued at $99.552; the date of maturity being September 15, 2021, while the second part offering was made at a $99.539 issue price and the notes offered carried coupon rates of 4.875% with the maturity date being September 15, 2041. […]