Stock Analysts

Sinopec Makes Key Gas Find in China

Chinese oil and gas company, China Petroleum and Chemical Corporation ( SNP ) or Sinopec has made a key natural gas discovery in the Sichuan Basin – the largest monomer marine uncompartmentalized carbonate gas find in China to date. The Moxi block of the Anyue field (situated in the paleo uplift of central Sichuan) is said to hold proven reserves of about 440.385 billion cubic meters (bcm), of which 308.2 bcm of technically recoverable resource is available. Test production resulted in average daily production of 1.1 million cubic meters per well […]

Stock Analysts

Gilead Seeks U.S. Approval

In a bid to strengthen its product portfolio further, Gilead Sciences, Inc. ( GILD ) has submitted a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) seeking approval to market the fixed-dose combination of ledipasvir ( a NS5A inhibitor: 90 mg) and sofosbuvir: 400 mg for treating adults with chronic hepatitis C virus (HCV) genotype 1 infection. […]

Stock Analysts

Jazz Pharma Invests in Ireland

Jazz Pharmaceuticals ( JAZZ ) announced that it has started work on building a manufacturing and development facility in Ireland. The company will invest approximately $60–$68 million (€45–€50 million) on the facility. […]

Stock Analysts

McDonald’s Comps Improve in Jan

Despite weakness in the U.S., McDonald’s Corporation ( MCD ) posted better-than-expected comparable sales (comps) for the month of Jan 2014. At its fourth quarter earnings call, the company guided flat year over year comps for the month of January. However, comps increased 1.2% in the month. […]

Stock Analysts

Nokia to Introduce Android Phone

Finnish handset developer, Nokia Corporation ( NOK ) is set to unveil cost-friendly smartphones on Google Inc.’s. ( GOOG ) Android at the Mobile World Congress trade show in Barcelona later this month.The launch is scheduled just prior to Nokia’s planned divestiture of its handset business to Microsoft Corp. ( MSFT ) for $7.2 billion […]

Downgrades

UTD INSURANCE (UIHC) Downgraded by Zacks to NEUTRAL

Zacks Investment Research downgraded shares of UTD INSURANCE (UIHC) from OUTPERFORM to NEUTRAL on February 11, 2014, with a target price of $15.20. United Insurance Holdings Corp., together with its subsidiaries, operates as a property and casualty insurance company. It primarily offers homeowners and dwelling fire insurance policies, as well as provides flood insurance through the National Flood Insurance Program […]

Mergers & Acquisitions

SearchDex™ Expands SEO Technology Capabilities with Acquisition of Altruik

SearchDex™ Expands SEO Technology Capabilities with Acquisition of Altruik Acquisition Enables SearchDex™ to Offer Additional SEO Technology Capabilities to Further Enhance Online Retailers’ Search Results Visibility PR Newswire DALLAS, Feb. 11, 2014 DALLAS , Feb. 11, 2014 /PRNewswire/ — SearchDex™, a digital marketing technology and service company, announced today its acquisition of Altruik, a pioneer and leader in search engine optimization technology […]

Downgrades

ARES CAP CP (ARCC) Downgraded by Zacks to NEUTRAL

Zacks Investment Research downgraded shares of ARES CAP CP (ARCC) from OUTPERFORM to NEUTRAL on February 11, 2014, with a target price of $19.70. ARES CAPITAL CORPORATION is a specialty finance company that is a closed-end, non-diversified management investment company. Ares Capital Corporation has elected to be regulated as a business development company under the Investment Company Act of 1940. […]

Downgrades

PEBBLEBROOK HTL (PEB) Downgraded by Zacks to NEUTRAL

Zacks Investment Research downgraded shares of PEBBLEBROOK HTL (PEB) from OUTPERFORM to NEUTRAL on February 11, 2014, with a target price of $33.40. Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. […]

Downgrades

PHYSICIANS RLTY (DOC) Downgraded by Zacks to NEUTRAL

Zacks Investment Research downgraded shares of PHYSICIANS RLTY (DOC) from OUTPERFORM to NEUTRAL on February 11, 2014, with a target price of $15.40. Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. […]