Wall Street retreats with oil prices after three-day rally
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- S&P 500 ends marginally lower as investors focus on US-Iran war
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oil gains on little sign of progress in US-Iran talks
- S&P 500 history shows strong gains across Fed hiking cycles: BCA
- JPMorgan upgrades CoreWeave on stronger compute pricing
- Bloom Energy falls as Oracle invokes force majeure on AI project
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Akamai signs $11.6B deal with Anthropic, up to $20B potential
- Oracle Sends Force Majeure Notice Over New Mexico Data Center - Bloomberg
- US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say
Jefferies Cuts Price Target on Tailored Brands (TLRD) to $14 After Missing 1Q EPS
June 10, 2016 8:13 AM EDTJefferies maintained a Hold rating on Tailored Brands (NYSE: TLRD), and cut the price target to $14.00 (from $17.00), following the company's 1Q earnings report. TLRD reported EPS at 29c, missing the consensus estimate of 44c.
Analyst Edward Plank commented, "TLRD's top and bottom-line... More
S&P Downgrades Chesapeake Energy (CHK) to 'SD'; Notes Recent Debt-for-Equity Exchange
June 9, 2016 2:58 PM EDTKey Points:
Chesapeake Energy Corp. announced it has or will exchange portions of its debt maturing or putable in 2018, 2019, 2021, 2022, and 2038.We view the exchanges as distressed because the investors are receiving less than the original promise and the company is currently holding, in our view, an over leveraged capital structure with potential liquidity issues in the near-term due to total 2017 maturities and a likely put totaling about $1.5 billionWe are lowering the corporate credit rating to 'SD' from... MoreMKM Partners Remains Sidelined on Oracle (ORCL) Ahead of 4Q Release
June 9, 2016 11:02 AM EDTMKM Partners reiterates a Neutral rating and $42.00 price target on Oracle (NYSE: ORCL) ahead of the company's 4Q earnings report. ORCL is scheduled to report on June 16th, following the close of markets.
Analyst Kevin Buttigieg commented, "Unlike past quarters, license revenues should not miss... More
Piper Jaffray Remains Sidelined on Restoration Hardware (RH) - PT to $32
June 9, 2016 7:58 AM EDTPiper Jaffray maintained a Neutral rating on Restoration Hardware (NYSE: RH), and cut the price target to $32.00 (from $46.00), following the company's 1Q earnings report. RH reported a loss per share of ($0.05), missing Piper Jaffray's estimate of $0.04. Guidance for FQ2 calls for EPS in the range of $0.28 to $0.33 versus consensus of... More
KLR Sees Chesapeake's (CHK) Debt-for-Equity Swap Having Minor Negative Impact; Affirms at 'Buy'
June 9, 2016 7:57 AM EDTKLR Affirms Chesapeake (NYSE: CHK) with a Buy rating and $7 price target amid a recent dent-for-equity exchange arrangement.
ANalyst John Gerdes commented, Minor Debt For Equity Exchange (Minor Negative Value Impact) Chesapeake announced it has agreed to exchange ~$125 million in outstanding 7.25% Senior Notes due 2018,... More
