Comcast (CMCSA), Lorillard (LO), MEMC Electronics (WFR), BNP Paribas (BNPQY), CNOOC (CEO) and Chiquita Brands (CQB) had ratings and price targets on them adjusted by analysts.
Jefferies (NYSE:JEF) initiated coverage on Lorillard (LO). They placed a "Buy" rating on the company.
MEMC Electronics (WFR) was upgraded by Jefferies from an "Underperform" rating to a "Hold" rating.
BNP Paribas (BNPQY) was downgraded by Société Générale from a "Buy" rating to a "Hold" rating.
CNOOC (CEO) was downgraded by Jefferies from a "Market Perform" rating to an "Underperform" rating.
Comcast (CMCSA) was downgraded by Argus from a "Buy" rating to a "Hold" rating.
Chiquita Brands (CQB) was downgraded by BB&T Capital from a "Buy" rating to a "Hold" rating.
Showing posts with label BNP Paribas. Show all posts
Showing posts with label BNP Paribas. Show all posts
Thursday, February 16, 2012
Tuesday, September 28, 2010
Citigroup (NYSE:C), BNP, Barclays (NYSE:BCS), RBS (NYSE:RBS) Leading BP (NYSE:BP) $3 Billion Bond Issuance
BP Capital Markets PLC, the funding unit of BP Plc (NYSE:BP), is close to issuing about $3 billion in bonds, led by Citigroup (NYSE:C), BNP Paribas, Barclays Capital (NYSE:BCS), Royal Bank of Scotland (NYSE:RBS) and Mizuho Securities USA Inc.
The bonds will be 5- and 10-year bonds sold in U.S. dollars.
Pricing of the bonds will be somewhere in the low to mid 200 basis points range over Treasuries, with tranches split close to equal.
BP PLC, the parent company, will be guaranteeing the bonds, which are projected to be rated A2 by Moody's Investors Service (NYSE:MC) and A by Standard & Poor's.
In a filing with the Securities and Exchange Commission BP said they will use the capital to pay for existing debt and other general corporate purposes.
A spokesman for BP said the bond issuance isn't specifically related to the BP oil spill and is part of normal financial management of the company.
The bonds will be 5- and 10-year bonds sold in U.S. dollars.
Pricing of the bonds will be somewhere in the low to mid 200 basis points range over Treasuries, with tranches split close to equal.
BP PLC, the parent company, will be guaranteeing the bonds, which are projected to be rated A2 by Moody's Investors Service (NYSE:MC) and A by Standard & Poor's.
In a filing with the Securities and Exchange Commission BP said they will use the capital to pay for existing debt and other general corporate purposes.
A spokesman for BP said the bond issuance isn't specifically related to the BP oil spill and is part of normal financial management of the company.
Wednesday, September 15, 2010
BNP Paribas Slashes Oil Estimate to $80 a Barrel
Citing the ongoing weak economies in the West, BNP Paribas cuts its oil price estimate to $80 a barrel, down from its prior projection of $82 a barrel for 2010.
Paribas also cut its 2011 oil price target from $89 a barrel to $86 a barrel.
With oil settling at $76.80 a barrel, and nothing out there to suggest economics in the West will improve any time soon, the $80 a barrel downward revisement for 2010 may even be optimistic.
An ongoing contango situation suggests to Paribas that oil will probably be stored on tankers rather than brought to market.
Paribas also cut its 2011 oil price target from $89 a barrel to $86 a barrel.
With oil settling at $76.80 a barrel, and nothing out there to suggest economics in the West will improve any time soon, the $80 a barrel downward revisement for 2010 may even be optimistic.
An ongoing contango situation suggests to Paribas that oil will probably be stored on tankers rather than brought to market.
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