HALISTER1: Commercial Paper Ratings Pressured by Negative Outlooks: Fitch

Commercial Paper Ratings Pressured by Negative Outlooks: Fitch

(Bloomberg) -- Potential for downward revisions reflected in greater number of negative outlooks and watches than positive ones, particularly at and above BBB/F2 rating levels, Fitch says in report that lists cos. on cusp of upgrade or downgrade.
  • Cites weak operating trends (Caterpillar, Pitney Bowes, Viacom and Xerox); high leverage (Dun & Bradstreet, Hubbell, Marathon Oil, Nabors, Plains All American Pipeline); M&A activity (DuPont, Marathon Petroleum); potential knock-on effects from Westinghouse bankruptcy (Georgia Power, Public Service Co. of North Carolina, South Carolina Electric & Gas, Scana)
  • Cos. with negative outlook: CAT HUBB MRO PAA DNB VIA NBR PBI XRX
  • Cos. on negative watch: DD GPB MPC, Washington Gas Light, Public Service Co. of North Carolina, South Carolina Electric & Gas
  • Cos. with positive outlook/watch: CAG HRS MLM WPZ

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
DNB US (Dun & Bradstreet Corp/The)
HUBB US (Hubbell Inc)
MRO US (Marathon Oil Corp)
MPC US (Marathon Petroleum Corp)
PBI US (Pitney Bowes Inc)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: New Residential Mortgage Loan Trust 2017-2 - DBRS Rating Report

New Residential Mortgage Loan Trust 2017-2 - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Corina Gonzalez (DBRS Inc)
Quincy Tang (Dbrs Inc)
Zhen He (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research
Prepayment Research

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: Hertz Fleet Lease Funding LP, Series 2017-1 - DBRS Rating Report

Hertz Fleet Lease Funding LP, Series 2017-1 - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Chris O'Connell (DBRS Inc)
Lain Gutierrez (DBRS Inc)
Lain Javier Gutierrez (Dbrs Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research
Reports

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: O’Reilly Slumps; Online Threat May Limit Upside, Deutsche Says

O’Reilly Slumps; Online Threat May Limit Upside, Deutsche Says

(Bloomberg) -- O’Reilly Automotive drops as much as 2.4%, the most intraday in three weeks, as Deutsche Bank analyst Mike Baker downgraded the stock on concerns about Amazon’s ability take market share in the “Do it Yourself” side of the business.
  • Cuts to hold from buy; PT reduced to $273 from $315
  • AMZN prices ~10%-20% lower than retailers may be an issue for ORLY’s gross margins
  • Also, bigger-picture trends including miles driven and vehicle age could be acting as headwinds
  • Says ORLY trades at above-average valuation, sees less upside as EPS growth may slow
  • ORLY has 21 buys, 6 holds, 1 sell; avg PT $307
  • Reports 1Q earnings Wednesday aft-mkt
  • NOTE: Feb. 7, O’Reilly Auto 1Q EPS View Trails Est.

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
ORLY US (O'Reilly Automotive Inc)

People
Michael Baker (Deutsche Bank AG)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: Hedge Funds: Mariner Fund Shifts to Passive Liquid Bets

Hedge Funds: Mariner Fund Shifts to Passive Liquid Bets

Alert: HALISTER1
Source: BBF (Bloomberg Brief Newsletters)

Tickers
2261962Z US (Hedge Fund Research Inc)

People
Albert Chu (Caxton Associates LP)
Dmitry Balyasny (Balyasny Asset Management LP)
Donald Trump (United States of America)
Eric Felder (Magnetar Capital Partners LP)
Kenneth Griffin (Citadel LLC)

Topics
Quantitative Science

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283