Toll Brothers, Inc. (NYSE: TOL), AMC Networks (NASDAQ: AMCX), Texas Industries (NYSE: TXI), Atwood Oceanics, Inc. (NYSE: ATW), Royal Bank Scotland (NYSE: RBS) and Aurioo Gold Inc (NYSE: AUQ) upgraded by analysts.
Toll Brothers, Inc. (TOL) was upgraded by Susquehanna from a “Neutral” rating to a “Positive” rating.
AMC Networks (AMCX) was upgraded by Barclays Capital from an “Underweight” rating to an “Equal Weight” rating. They have a price target of $32.00 on the company.
Texas Industries (TXI) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $39.00 on the company, down from $43.00.
Atwood Oceanics, Inc. (ATW) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Royal Bank Scotland (RBS) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.
Aurioo Gold Inc. (AUQ) was upgraded by CIBC from a “Sector Perform” rating to an “Outperform” rating.
Wednesday, August 31, 2011
Toll (TOL) (AMCX) (TXI) (ATW) (RBS) (AUQ) Upgraded
Friday, April 1, 2011
JPMorgan (JPM) Shares AT&T (T) Risk with (BAC) (GS) (WFC) (C), Others
After offering up the largest loan in the history of the bank via the AT&T (NYSE:T) bid for T-Mobile, JPMorgan (NYSE:JPM) went about spreading the risk by offering up pieces of the deal with 11 other banks, including Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC).
A person close to the deal said JPMorgan made 11 calls and 11 banks responded. "Eleven calls were made, and eleven relationship banks signed up," said the source.
Other banks getting into the action were Barclays Capital (NYSE:BCS), BNP Paribas, Credit Suisse (NYSE:CS), Deutsche Bank (NYSE:DB), Morgan Stanley MUFG (NYSE:MS), RBS (NYSE:RBS) and UBS (NYSE:UBS).
Terms of the 18-month unsecured loan are reportedly 75 basis points above Libor, according to Reuters.
Wednesday, March 9, 2011
Wells Fargo (WFC), BofA (BAC), Barclays (BCS) Lead HCC (HCC) Credit Facility
HCC Insurance (NYSE:HCC) announced it has entered into a $600 million revolving loan facility, led by Wells Fargo (NYSE:WFC), which was the lead arranger and administrative agent.
Bank of America (NYSE:BAC) and Barclays Bank acted as co-syndication agents, while JPMorgan Chase (NYSE:JPM) and Royal Bank of Scotland (NYSE:RBS) acted as co-documentation agents for HCC Insurance.
The length of the facility is for four years, and replaces the company’s existing $575 million revolving loan facility, which was due to expire in December.
HCC closed Tuesday at $31.10, gaining $0.78, or 2.57 percent.
Tuesday, March 1, 2011
Goldman (NYSE:GS) Brand Lags Behind JPMorgan (JPM), Deutsche (DB), HSBC Holdings (HBC)
The release of the Business Superbrands Top 500 survey of company brands reveals that some banking brands like JPMorgan (NYSE:JPM), Deutsche (NYSE:DB) and HSBC Holdings (NYSE:HBC) are improving, while others like Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C) continue to struggle.
The Business Superbrands Top 500, which is released every February, ranks companies based on the opinions of 2,000 U.K. business professionals quizzed by YouGov.
HSBC was the highest-placed banking brand in this year’s rankings, rising six places to No. 35. But the most impressive comeback was by J.P. Morgan, which jumped to No. 94 from 244 last year. The New York bank, which bought Bear Stearns for a knock-down price in 2008, has emerged from the recession stronger than many of its rivals.
Deutsche Bank also broke into the top 100 this year, moving to No. 80 from No. 146.
But some of the gilt clearly has worn off the House of Goldman. Three years ago the New York investment bank was among the top 50 brands. It has now fallen for two successive years to No. 113 in the latest survey, just below engineering firm Massey Ferguson.
The lowest-placed large bank in the top 500–though several companies, including Royal Bank of Scotland Group (RBS), did’t make the list–was Citigroup (C). The U.S. bank jumped 170 places but still only came in at No. 260.
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Monday, February 28, 2011
Coca-Cola (KO) Greek Bottler Issues $412.9 Million Bond
Coca-Cola (NYSE:KO) second-largest bottler, Coca-Cola Hellenic (HLBr.AT), announced Monday it has issued a $412.9 million bond for the purpose of refinancing maturing debt.
CCH said in a statement, "The issue was significantly oversubscribed and has been placed with a diversified investor base."
The bottler said the bond will carry a fixed 4.25 percent coupon which will be due November 16, 2016.
Proceeds will be used to refinance a bond which is expiring on July 15. The issue should settle on March 2.
Deutsche Bank (NYSE:DB), Bank of America (NYSE:BAC) and The Royal Bank of Scotland (NYSE:RBS) were joint lead managers of the issue.