Tuesday, August 13, 2013

2013-08-13 Events

  • IPO WATCH:
      * Expected to price:
        * Envision Healthcare Holdings (EVHC); Sees 35m shares priced at $20-$23 via Goldman, BofAML, Barclays
        * Independence Realty (IRT); Sees 4m shares priced at $10- $11 via Ladenburg Thalmann, Compass Point, JMP
  • CONFERENCES:
      * EnerCom The Oil & Gas Conference: WPX, CRR, DNR, CXO, EPL, BCEI, HERO, SD, HAL, ARX CN, CPG CN, APC, HK, ERF CN, EQT, RES, CLR, PDCE, EGN, QRE, OAS
      * Jefferies Global Industrials Conference: ITW, BEAV, ECL, ASH, POL, UTX, CYT, HUN, WLK, AAWW, WAIR, CAT, NSC, DGI, GRA, FMC, LSTR, ARG, USG, MLM, CHMT, HXL, PX, R, OSK
      * JPMorgan Auto Conference: KAR, TRW, DAN, VC, AXL, BWA, PAG, GT, TSLA, LAD
      * Needham Advanced Industrial Technologies Conf.: COHR, CGNX, DDD, IPGP, TDY, FEIC
      * Oppenheimer Technology Conference: T, FTR, PMCS, JNPR, SCOR, FSL, MSCC, VECO, BDC, JNPR, CCOI, NCR, RKUS, CA, AKAM, SYNT, OSIS, VRNT, VZ, VZ, RVBD
      * Pacific Crest Global Technology Leadership Forum: NOW, SYNA,  EQIX, ADBE, MXIM, AKAM, BRCM, KLAC, ATML, NOW, RHT, RVBD, AKAM, TXN, SLAB, XXIA, GWRE, SNDK, GIMO, IMPV, INFA, CDNS, ITRI
      * Piper Jaffray Semiconductor Summit: POWI
      * UBS Metals & Materials Mini Conference: RS
      * Wedbush Securities Life Sciences Conference: LXRX, SRPT, NPSP, GEVA, PCRX, MDVN
  • CORPORATE EVENTS:
      * Acquisition Call: IHS
      * Annual General Meeting: CSC, PCP
      * Board Meeting: 2012 HK
      * Investor Meeting: EFX, HUM
      * Special Meeting/M&A Vote: STEI
  • EQUITY PREVIEW:
      * Accretive Health (AH): Files to delay 10-Q
      * Avanir (AVNR): To co-promote Merck’s sitagliptin products
      * Genmark Diagnostics (GNMK): Proposed sale of $60m in shrs
      * NQ Mobile (NQ): Boosts yr rev. view, 2Q beats ests.
      * Orchid Island (ORC): Lock-up expires
      * Phoenix New Media (FENG): 3Q rev. view, 2Q top ests.
      * Rose Rock Midstream (RRMS): Offering 4.75m units
      * Sina (SINA): 3Q rev. view beats est.
      * Spirit Aerosystems (SPR): 2Q loss wider than est.; wing unit
        has attracted potential buyer interest
      * Wageworks (WAGE): Registers 2.97m-shr offering by holders
      * Xoom (XOOM): Lock-up expires
      * Xoma (XOMA): Rated new overweight at Piper Jaffray
      * Yum Brands (YUM): China July same-store sales miss est.
  • UPGRADES:
      * Advanced Photonix (API) to buy: B. Riley
      * Constant Contact (CTCT) to buy: Lazard
      * Credicorp (BAP) to overweight: JPMorgan
      * Cubesmart (CUBE) to neutral: UBS
      * Extra Space Storage (EXR) to neutral: UBS
      * Marvell Technology (MRVL) to top pick: RBC
      * Public Storage (PSA) to neutral: UBS
      * Rockwell Collins (COL) to buy: Sterne, Agee
      * Sovran Self Storage (SSS) to neutral: UBS
      * Teck Resources (TCK) to outperform: Cowen
      * Xerox (XRX) to buy: Citi


    DOWNGRADES:
      * Allot (ALLT) to sector perform: RBC
      * Fifth Third Bancorp (FITB) to neutral: Credit Suisse
      * Microsoft (MSFT) to hold: Stifel Nicolaus
      * Nordic American Tankers (NAT) to underperform: Jefferies
      * Nordic American Tankers (NAT) to market perform: Cowen
      * Seadrill (SDRL) to hold: Danske Bank
      * Smith & Nephew (SNN) to neutral: Citi
      * Ultra Petroleum (UPL) to underperform: Jefferies
      * Vical (VICL) to neutral: Credit Suisse


    INITIATIONS:
      * Blackstone (BX) outperform: RBC, PT $32
      * Diamond Resorts (DRII) buy: Cantor Fitzgerald, PT $23
      * Diamond Resorts (DRII) overweight: JPMorgan, PT $20
      * Diamond Resorts (DRII) outperform: Credit Suisse, PT $21
      * Dorman Products (DORM) buy: BofAML, PT $60
      * E2open (EOPN) outperform: Northland, PT $25
      * Physicians Realty Trust (DOC) buy: Wunderlich, PT $14
      * RetailMeNot (SALE) outperform: William Blair
      * Retailmenot (SALE) buy: Jefferies, PT $40
      * Retailmenot (SALE) sector perform: RBC, PT $33
      * Retailmenot (SALE) neutral: Credit Suisse, PT $31
      * Retailmenot (SALE) neutral: Goldman, PT $31
      * Rexford Industrial Realty (REXR) outperform: FBR, PT $16
      * Rexford Industrial Realty (REXR) outperform: Wells Fargo
      * Rexford Industrial Realty (REXR) buy: BofAML, PT $15.75
      * Sequential Brands (SQBG) buy: Brean Capital, PT $8
      * Xoma (XOMA) overweight: Piper, PT $8

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