On Monday, PPL Corp (NYSE:PPL)’s shares declined -0.19% to $30.97.
Jefferies analyst Anthony C. Crowdell upgraded the rating on PPL Corp ( PPL) from Hold to Buy, while lowering the price target from $34.50 to $34.00, following the recent spinoff of the company’s unregulated business, in addition to the higher than average rate base growth.
With the stock trading at a discount to its regulated peers, the analyst believes that it offers a good entry point for investors, adding that investors would gain one of the highest yield in the sector while they wait for the share price to appreciate.
In addition, the adverse impact of the company’s exposure to the British pound sterling also appears to be easing. The company intends to repatriate an estimated $310 million this year and another $500 million in 2016 and 2017.
PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. It serves 321,000 natural gas and 397,000 electric customers in Louisville and 16 surrounding counties; and 543,000 customers in 77 Kentucky counties and 5 counties in Virginia. The company also provides electric delivery services to about 1.4 million customers in Pennsylvania; and operates electricity distribution network for the Midlands, South West, and Wales in the United Kingdom.
Jarden Corp (NYSE:JAH)’s shares gained 4.68% to $54.76.
Jarden Corporation (JAH), a leading global consumer products company, declared recently that it has reached a definitive purchase agreement to acquire Waddington Group, Inc. (“Waddington”), a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets, from an investment fund managed by Olympus Partners, a private equity firm, and other stockholders for about $1.35 billion, subject to working capital and other adjustments.
The transaction provides a meaningful addition to Jarden’s portfolio while creating opportunities in cross-selling, broadening the distribution platform particularly in the B2B category, and deepening Jarden’s talent bench. Waddington, which is predictable to contribute about $800 million to 2016 revenues, will be stated as part of Jarden’s Branded Consumables segment. The transaction is predictable to be funded through a combination of cash on hand, common equity and a mix of bank debt and bonds.
Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment; fishing and team sports equipment; alpine and nordic skiing, snowboarding, snowshoeing, and in-line skating products; technical and outdoor apparel and equipment; personal flotation devices, water sports equipment, and all-terrain vehicle gears; and inflatable air beds and accessories.
At the end of Monday’s trade, Alcatel Lucent SA (ADR) (NYSE:ALU)‘s shares dipped -0.14% to $3.57.
Alcatel-Lucent (ALU) and China Mobile, the world’s largest mobile communications service provider, have conducted the industry’s first field trial of a virtualized radio access network-based architecture based on network functions virtualization (NFV) technology.
The trial – carried out at Beijing’s Tisinghua University - demonstrated the flexibility, scalability, cost and energy-efficiency of Alcatel-Lucent’s vRAN and NFV technologies for meeting the dynamically changing demands for access from an ever increasing number of applications and devices, people and machines. This is also an important step in the path towards 5G networks.
It is predictable that the Internet of Things and millions of people connecting to the Internet for the first time will place huge demands on mobile networks over the coming years, with data traffic predicted to enhance almost tenfold between 2014 and 2019[i]. To manage this enhance, China Mobile is preparing for the evolution to 5G, which promises greater network convergence, better spectral efficiency, support for more users, higher data rates and a more compriseent user experience.
Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. The company’s Core Networking segment offers IP routing, carrier Ethernet, network functions virtualization, and software defined networking applications and infrastructure to meet the challenges of network traffic growth while supporting the delivery of cloud-enabled business, mobile, and residential services for service providers, mobile network operators, cable/multiple system operators, transportation, utilities, and large-scale enterprises.
LendingClub Corp (NYSE:LC), ended its Monday’s trading session with 1.57% gain , and closed at $14.27.
At CGI America, President Bill Clinton declared a Commitment to Action between Lending Club (LC), the world’s largest online marketplace connecting borrowers and investors, and Opportunity Fund, a national leader in community-based lending to small businesses.
This pilot program is intended to provide up to $10 million in loans to small businesses in underserved areas of California, assisting an estimated 400 businesses create 1,000 jobs, based on historical impact data collected by Opportunity Fund. The partnership was developed as part of the Community Investment Working Group.
Access to capital for entrepreneurs plays a key role in economic mobility, job creation, and the health of the middle-class, but bank lending to small businesses has failed to recover from the 2008 recession. According to FDIC data[1], while bank commercial loans of $1 million or more have raised by 47% from 2007 to 2014, loans of $100,000 or less have actually fallen by 9%. According to Opportunity Fund, minority communities and women entrepreneurs are particularly underserved, exacerbating disparities in wealth and opportunity.
LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans.
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