On Monday, PPL Corp (NYSE:PPL)’s shares inclined 0.23% to $30.60.
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.
Macy’s, Inc. (NYSE:M)’s shares gained 0.07% to $69.90.
Macy’s, Inc. (M) declared that its wholly owned partner, Macy’s Retail Holdings, Inc., will redeem for cash the entire $76.016 million aggregate principal amount outstanding of its 8.125% Debentures due 2035 (CUSIP 577778BC6) on August 17, 2015. The 2035 debentures were issued in August 1995 by The May Department Stores Company and assumed by Macy’s in conjunction with its acquisition of May in August 2005.
The 2035 debentures will be redeemed at par together with interest accrued and unpaid to the redemption date. They become redeemable at 100% of the principal amount thereof at any time on or after August 15, 2015, following the term
Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates Bloomingdale’s Outlet stores that offer a range of apparel and accessories, counting women’s ready-to-wear, fashion accessories, jewelry, handbags, and intimate apparel, in addition to men’s, children’s, and women’s shoes.
At the end of Mondays trade, Mastercard Inc (NYSE:MA)‘s shares surged 0.65% to $95.43.
Mastercard Inc (MA) announced it will offer tokenization services to merchants with app, eCommerce, and recurring billing card-on-file programs, further protecting consumers and increasing convenience when storing MasterCard cards in merchant databases. By expanding its Digital Enablement Services (MDES) to serve merchants’ needs, MasterCard continues to lead the industry in securing cardholder credentials – no matter where they are stored.
To speed and simplify the purchase process in apps and online, as well as for subscription-based and recurring payments like streaming music and video services, club dues, and utility bills, consumers have allowed thousands of merchants to store billions of credit and debit card numbers on their behalf. According to MasterCard Advisors, a typical consumer may have their card number stored in five or more locations.
In addition to the inherent security risks in the storage of card numbers, when a card account number changes, consumers are faced with the daunting task of updating payment information across all of these locations. This typically requires them to remember where their card has been stored, as well as the username and password they created when they stored it. If they are unsuccessful in changing the card number, transactions will fail – resulting in potential interruption in services, lower customer satisfaction and lost sales for the merchant.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services. It also offers value-added services, such as loyalty and reward programs, and information and consulting services.
Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL), ended its Monday’s trading session with -0.59% loss, and closed at $19.36.
Melco Crown Entertainment Ltd (ADR) (MPEL) revealed an all-star line-up of top international magicians for ‘The House of Magic’ at Studio City, the first and only permanent magic extravaganza in Macau, China.
Designed, curated and hosted by world-acclaimed illusionist Franz Harary, ‘The House of Magic’ is the world’s first multi-theater, immersive visitor magic experiences, designed for magicians by a master magician and featuring live magicians and set in a mystical three-theater showcase complex of amazing, mind-bending magic.
Melco Crown Entertainment Limited, through its auxiliaries, develops, owns, and operates casino gaming and entertainment resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 1,400 gaming machines; about 1,400 hotel rooms and suites; a wet stage performance theater with about 2,000 seats; about 30 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, counting health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.
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