Stifel downgrades SolarCity Corp(NASDAQ:SCTY) to Hold from Buy following Tesla’s (TSLA) proposal to acquire SolarCity in a stock-for-stock transaction. Firm views reward to risk as balanced in SolarCity stock once the initial proposal-based acquisition
Futures on the benchmark index continue to trade near their previous level, floating two point above fair value. In company specific news, Priceline Group Inc(NASDAQ:PCLN) has gained 2.2% after being upgraded to “Overweight” from “Equal
Celgene Corporation(NASDAQ:CELG) announces the formation of a consortium for the purpose of accelerating the discovery & development of cancer therapeutics/diagnostics, paid $50 mln in total to each institution for the option to enter into
Rodman & Renshaw Gevo, Inc.(NASDAQ:GEVO) Gevo announced its agreement with Musket Corporation, a national fuel distributor, to supply isobutanol for blending with gasoline intended for marine and off-road markets in Arizona, Nevada, and Utah.