Brookfield Asset Management will have to overcome steep regulatory hurdles to succeed with any renewed proposal for AGL Energy, UBS says. The investment bank notes that success by Brookfield would leave it with a controlling interest in Victoria state's largest electricity generator, the entire state transmission network, the largest state distribution network and the state's largest retail portfolio. UBS thinks vertically integrated ownership across the whole electricity supply chain could prompt concern from Australia's competition watchdog, which has to approve any transaction. UBS has a neutral rating and A$7.05/share target price on AGL's shares, which are 1.5% lower at A$7.80


Expected Major Events for Tuesday

05:00/JPN: Jan Steel Production

05:00/JPN: Jan Supermarket sales

07:00/UK: Jan Public sector finances

09:00/ITA: Jan CPI

09:00/GER: Feb Ifo Business Climate Index

11:00/UK: Feb CBI Industrial Trends Survey

14:00/US: 4Q U.S. Quarterly House Price Index

14:00/US: Dec U.S. Monthly House Price Index

14:00/US: Dec S&P CoreLogic Case-Shiller Indices

14:45/US: Feb US Flash Manufacturing PMI

14:45/US: Feb US Flash Services PMI

15:00/US: Feb Richmond Fed Business Activity Survey

15:00/US: Feb Consumer Confidence Index

21:30/US: Jan Money Stock Measures

All times in GMT. Powered by Kantar Media and Dow Jones.


Expected Earnings for Tuesday

Arlington Asset Investment Corp (AAIC) is expected to report $0.01 for 4Q.

Armstrong World Industries Inc (AWI) is expected to report $1.03 for 4Q.

BrightSpire Capital Inc (BRSP) is expected to report for 4Q.

CI Financial Corp (CIFAF,CIX.T) is expected to report $0.80 for 4Q.

CVR Energy Inc (CVI) is expected to report $0.08 for 4Q.

CVR Partners LP (UAN) is expected to report for 4Q.

Colfax Corp (CFX) is expected to report $0.34 for 4Q.

Computer Task Group Inc (CTG) is expected to report $0.15 for 4Q.

Cracker Barrel Old Country Store Inc (CBRL) is expected to report $1.54 for 2Q.

Crestwood Equity Partners LP (CEQP) is expected to report $0.41 for 4Q.

Dorman Products (DORM) is expected to report $1.38 for 4Q.

EnPro (NPO) is expected to report $0.71 for 4Q.

Epizyme Inc (EPZM) is expected to report $-0.45 for 4Q.

Equitrans Midstream Corp (ETRN) is expected to report $0.20 for 4Q.

Esperion Therapeutics Inc (ESPR) is expected to report $-2.38 for 4Q.

Expeditors International of Washington Inc (EXPD) is expected to report $2.08 for 4Q.

FTI Consulting (FCN) is expected to report $1.20 for 4Q.

Healthcare Realty (HR) is expected to report $0.10 for 4Q.

Hecla Mining Company (HL) is expected to report $0.02 for 4Q.

Holly Energy Partners LP (HEP) is expected to report $0.47 for 4Q.

Home Depot Inc (HD) is expected to report $3.20 for 4Q.

Jeld-Wen Holding Inc (JELD) is expected to report $0.52 for 4Q.

KBR Inc (KBR) is expected to report $0.49 for 4Q.

Kiniksa Pharmaceuticals Ltd (KNSA) is expected to report $-0.40 for 4Q.

Louisiana-Pacific Corp (LPX) is expected to report $1.86 for 4Q.

Macy's Inc (M) is expected to report $1.94 for 4Q.

Medtronic plc (MDT) is expected to report $1.14 for 3Q.

National Storage Affiliates Trust (NSA) is expected to report $0.28 for 4Q.

Nexstar Media Group Inc (NXST) is expected to report $4.89 for 4Q.

Odonate Therapeutics Inc (ODTC) is expected to report $-1.17 for 4Q.

Sabra Health Care REIT (SBRA) is expected to report $0.13 for 4Q.

Solaris Oilfield Infrastructure Inc (SOI) is expected to report $-0.01 for 4Q.

Standard Motor Products Inc (SMP) is expected to report $0.68 for 4Q.

TAG Oil (TAO.V,TAOIF) is expected to report for 3Q.

Tempur Sealy International Inc (TPX) is expected to report $0.97 for 4Q.

TopBuild Corp (BLD) is expected to report $1.91 for 4Q.

TransUnion (TRU) is expected to report $0.63 for 4Q.

Turning Point Brands Inc (TPB) is expected to report $0.41 for 4Q.

Westlake Chemical Corp (WLK) is expected to report $4.53 for 4Q.

Westlake Chemical Partners LP (WLKP) is expected to report $0.42 for 4Q.

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ANALYST RATINGS ACTIONS There are no actions to report from the last 24 hours.

This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

02-22-22 0616ET