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General Electric Co. (NYSE:GE): Recently, Franchise Finance provided $15 million to Summit Hotel Properties (NYSE:INN). The funding provides $9.75 million for a Courtyard by Marriott (NYSE:MAR) and $5.25 million for a Springhill Suites by Marriott for the refinancing of existing debt on the two hotels.
American International Group, Inc. (NYSE:AIG) is believed by Bernstein to be days away from announcing another $9 billion buyback, which may enable the Treasury to lower its stake to 20 percent or lower, and it could result in AIG book value accretion of $69. The firm predicts that this will remove an overhang and that shares will be valued more in-line with other turnaround non-life names. The firm gives AIG an Outperform rating and a $45 price target.
FedEx Corporation (NYSE:FDX) lowered its Q1 EPS guidance, causing Sterne Agee to believe that the revision was “somewhat anticipated” by investors. The firm believes that the company will see benefits due to cost reduction initiatives later in the year, and it made no change to its full-year estimates. The firm keeps a Buy rating and a $120 target on the stock.
Gulfport Energy Corp. (NASDAQ:GPOR) announced peak initial production rates from its second Utica Shale well, and Sterne Agee mentions that the well yielded significantly more oil than the first Utica Shale well, whose initial results were announced by the company. The firm predicts that the consensus Q3 EPS estimate for the company will rise, and it reiterates a Buy rating on the stock.
Southwestern Energy Co. (NYSE:SWN) is expected by Stifel Nicolaus to outperform over the 6-12 months starting with its Q3 earnings release on November 1, and the firm recommends purchasing the stock at current levels. The firm believes that there are a number of upcoming catalysts for the stock, and it keeps a Buy rating and a $38 target on the stock.
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