Upgrades

TRAVELPORT WWD (TVPT) Upgraded by Zacks to OUTPERFORM

Zacks Investment Research upgraded shares of TRAVELPORT WWD (TVPT) from NEUTRAL to OUTPERFORM on January 14, 2015, with a target price of $18.60. Travelport Worldwide Limited is a Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. Its Travel Commerce Platform enables travel providers, travel agencies, corporations and developers to connect. […]

Upgrades

NATL INTERST CP (NATL) Upgraded by Zacks to OUTPERFORM

Zacks Investment Research upgraded shares of NATL INTERST CP (NATL) from NEUTRAL to OUTPERFORM on January 14, 2015, with a target price of $30.80. National Interstate Corporation is a specialty property and casualty insurance company with a niche orientation and focus on the transportation industry. Their core products include property and casualty insurance for transportation companies, group captive insurance programs for transportation companies that they refer to as their alternative risk transfer operations, specialty personal lines, primarily, recreational vehicle coverage and general commercial insurance in Hawaii. […]

Mergers & Acquisitions

Securus Technologies Purchases CellBlox – Key Provider of Technology That Limits Contraband Wireless Use in Prisons and Jails

Securus Technologies Purchases CellBlox – Key Provider of Technology That Limits Contraband Wireless Use in Prisons and Jails Securus Further Expands Industry Leading Technology Portfolio to Include a Second Proprietary Managed Wireless Access System (MAS) Provider – CellBlox. PR Newswire DALLAS, Jan. 14, 2015 DALLAS , Jan […]

Stock Analysts

Rite Aid’s Altered Credit Facility to Ease Debt Financing

Drug store retailer Rite Aid Corporation ( RAD ) declared that it has made amendments to its current senior secured credit facility, including the expansion of its borrowing capacity and extension of the current maturity. The altered credit facility has raised the company’s borrowing capacity to up to $3 billion or $3.7 billion, if the retailer fully repays its Senior Secured Notes, bearing an interest rate of 8.00% and due 2020. We note that the expansion of borrowing capacity has provided the company with greater flexibility to pay its secured term loan […]

Stock Analysts

Suncor Energy Cuts 2015 Capex, Plans Workforce Reduction

Canada’s largest energy firm Suncor Energy ( SU ) has followed suit of most energy sector companies, by announcing a cut in its 2015 budget owing to plummeting oil prices. Revised 2015 Capital Guidance The company has lowered full year capital spending to C$6.2 billion–C$6.8 billion, down C$1 billion from the prior guidance. […]

Stock Analysts

Quantum (QTM) Up 4.8% on Strong Q3 Preliminary Results

Shares of data management technology provider Quantum Corporation ( QTM ) gained nearly 4.8% yesterday after the company announced impressive preliminary results for third-quarter fiscal 2015. The company’s bottom-line results topped the Zacks Consensus Estimate despite a marginal year-over-year decline in the top line. […]

Downgrades

Hess Corporation (HES) Downgraded by Zacks to UNDERPERFORM

Zacks Investment Research downgraded shares of Hess Corporation (HES) from NEUTRAL to UNDERPERFORM on January 14, 2015, with a target price of $62.00. We are downgrading our recommendation on Hess shares to Underperform from Neutral prior to its fourth-quarter 2014 results. Hess remains on track with its multi-year transformation program. […]