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PHG

Philips

$29.59

0.21 (0.71%)

, APO

Apollo Global

$17.96

0.18 (1.01%)

19:10
10/02/16
10/02
19:10
10/02/16
19:10

Philips in talks to sell Lumileds unit to Apollo Global, Bloomberg says

Philips (PHG) is in discussions to sell its Lumileds lighting business to Apollo Global (APO), Bloomberg reported Friday, citing sources. Apollo is the most probable buyer after other private equity firms dropped out of negotiations, the sources told Bloomberg, adding that Philips is targeting a deal by the end of October. Reference Link

PHG

Philips

$29.59

0.21 (0.71%)

APO

Apollo Global

$17.96

0.18 (1.01%)

  • 28

    Oct

PHG Philips
$29.59

0.21 (0.71%)

08/10/16
UBSW
08/10/16
UPGRADE
UBSW
Buy
Philips upgraded to Buy from Neutral at UBS
08/10/16
UBSW
08/10/16
UPGRADE
UBSW
Buy
Philips upgraded to Buy at UBS
As reported previously, UBS raised Phillips to Buy from Neutral. The firm sees reason for optimism for investors, citing management's targets for margin growth, improved momentum in two key divisions, and the company's position in businesses that are likely to benefit from the secular shift toward value based care.
08/10/16
08/10/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Outperform from Neutral at Macquarie with analyst Tim Nollen saying he thinks Disney owning this technology gives it commanding position on future content viewership as Bam Tech is a premier OTT streaming technology, allowing Disney to connect directly with consumers. 2. Coach (COH) upgraded to Neutral from Underperform at BofA/Merrill with analyst Lorraine Hutchinson saying management guided margins to 18.5-19%, in line with her 18.5% estimate, reflecting a strategic reduction in the wholesale business, thinks more realistic EBIT targets indicates management has de-risked its outlook, and expects consensus estimates to move towards hers. 3. Philips (PHG) upgraded to Buy from Neutral at UBS with the firm citing management's targets for margin growth, improved momentum in two key divisions, and the company's position in businesses that are likely to benefit from the secular shift toward value based care. 4. Yelp (YELP) upgraded to Outperform from Market Perform at Raymond James, to Neutral from Underperform at BofA/Merrill, to Buy from Hold at Axiom, and to Buy from Neutral at Mizuho. 5. General Dynamics (GD) upgraded to Outperform from Market Perform at Bernstein with Douglas Harned saying shares of General Dynamics are valued at a larger discount to other prime contractors than it has been in the last 14 years and overly discounts weakness in the large cabin business jet market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/23/16
JEFF
08/23/16
DOWNGRADE
Target $58
JEFF
Underperform
ResMed cut to Underperform at Jefferies as peer seen closing gap
As previously reported, Jefferies analyst Anthony Petrone downgraded ResMed (RMD) to Underperform from Hold, noting that the firm's survey and expert calls indicate that those in the field see the company's AirSense10 as still "best-in-class," but Philips' (PHG) Dream has closed the gap while being priced at a discount. Lower Medicare rates that just became effective are pressuring private rates and are seen leading to further consolidation and price pressure, the analyst added. Petrone cut his price target on ResMed shares to $58 from $60.
APO Apollo Global
$17.96

0.18 (1.01%)

08/04/16
KBWI
08/04/16
UPGRADE
Target $22
KBWI
Outperform
Apollo Global upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Robert Lee upgraded Apollo Global to Outperform citing strong investment performance and capital formation following the company's Q2 results. The analyst raised his price target for the shares to $22 from $18. Oppenheimer this morning also upgraded Apollo Global.
08/04/16
08/04/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Texas Instruments (TXN) upgraded to Neutral from Underperform at Exane BNP Paribas. 2. Spirit Airlines (SAVE) upgraded to Strong Buy from Outperform at Raymond James with analyst Savanthi Syth saying the recent weakness in the shares brings a "very attractive entry point." 3. Archer Daniels (ADM) upgraded to Buy from Hold at Argus with analyst David Coleman citing valuation and management's optimistic outlook for the second half of 2016. 4. Celgene (CELG) upgraded to Buy from Neutral at BTIG. Analyst Dane Leone believes the company's 2020 financial targets are achievable and represent upside to current consensus estimates. 5. Apollo Global (APO) upgraded to Outperform from Perform at Oppenheimer and to Outperform from Market Perform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/16
OPCO
08/08/16
NO CHANGE
Target $32
OPCO
Outperform
Oppenheimer sees Rackspace deal in the low-to-mid $30s
Oppenheimer analyst Timothy Horan raised his price target for Rackspace (RAX) to $32 from $30 after The Wall Street Journal reported that the company was in advanced talks to sell itself to Apollo Global (APO) for $3.5B, or $27 per share. The analyst believes this is low and that a deal in the $32 area is more likely. Oppenheimer has an Outperform rating on Rackspace's shares.
08/31/16
08/31/16
NO CHANGE

Apollo Global affiliates extend tender offer for Outerwall
Affiliates of certain funds managed by affiliates of Apollo Global (APO) and Outerwall (OUTR) agreed to extend the offering period of Apollo's previously announced cash tender offer to purchase all of the outstanding shares of common stock of Outerwall to 12:00 Midnight, NYC time, on September 22, unless further extended. As of 5:00 P.M., NYC time, on August 31, 4,834,209 shares of common stock of Outerwall were tendered pursuant to the tender offer, which represented approximately 28.1% of the outstanding shares of common stock of Outerwall.

TODAY'S FREE FLY STORIES

V

Visa

$102.90

-2.665 (-2.52%)

14:50
09/25/17
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14:50
Options
Bullish option play opened in Visa as shares slump »

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  • 22

    Oct

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RHT

Red Hat

$105.41

-0.89 (-0.84%)

14:49
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14:49
Options
Red Hat options imply 10.7% move in share price post-earnings, above median historical move »

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  • 25

    Sep

APRN

Blue Apron

$5.47

0.28 (5.40%)

14:45
09/25/17
09/25
14:45
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14:45
Options
Blue Apron call volume above normal and directionally bullish »

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TRIP

TripAdvisor

$44.37

0.125 (0.28%)

, PCLN

Priceline

$1,862.13

-4.22 (-0.23%)

14:42
09/25/17
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14:42
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Hot Stocks
Analysts trim TripAdvisor estimates on increasing online travel concerns »

Shares of TripAdvisor…

TRIP

TripAdvisor

$44.37

0.125 (0.28%)

PCLN

Priceline

$1,862.13

-4.22 (-0.23%)

TRVG

trivago

$10.70

-0.04 (-0.37%)

EXPE

Expedia

$145.77

2.65 (1.85%)

03/08/13
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DY

Dycom

$81.51

-1.185 (-1.43%)

14:36
09/25/17
09/25
14:36
09/25/17
14:36
Conference/Events
Dycom management to meet with Stephens »

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  • 26

    Sep

  • 27

    Sep

DY

Dycom

$81.56

-1.13 (-1.37%)

14:35
09/25/17
09/25
14:35
09/25/17
14:35
Options
Dycom put volume heavy and directionally bearish »

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  • 26

    Sep

AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

14:31
09/25/17
09/25
14:31
09/25/17
14:31
Technical Analysis
Technical View: Amazon.com falls, topping process confirmed »

The shares are down 2.1%…

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  • 03

    Oct

  • 22

    Oct

DIS

Disney

$99.37

0.77 (0.78%)

14:27
09/25/17
09/25
14:27
09/25/17
14:27
Recommendations
Disney analyst commentary  »

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  • 09

    Nov

ESV

Ensco

$5.77

0.53 (10.11%)

14:25
09/25/17
09/25
14:25
09/25/17
14:25
Options
Ensco call volume above normal and directionally bullish »

Bullish option flow…

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  • 02

    Oct

  • 05

    Oct

NFLX

Netflix

$187.35

-1.43 (-0.76%)

14:21
09/25/17
09/25
14:21
09/25/17
14:21
Technical Analysis
Technical View: Netflix trades near lows of the day »

The shares are down over…

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  • 02

    Oct

  • 16

    Oct

  • 22

    Oct

$NSD

NASDAQ Market Internals

14:17
09/25/17
09/25
14:17
09/25/17
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

14:16
09/25/17
09/25
14:16
09/25/17
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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GREK

Global X MSCI Greece ETF

$9.18

-0.635 (-6.47%)

14:10
09/25/17
09/25
14:10
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14:10
Options
MSCI Greek Fund puts are active as shares falter »

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AMD

AMD

$13.30

-0.11 (-0.82%)

, NVDA

Nvidia

$179.00

-1.76 (-0.97%)

14:08
09/25/17
09/25
14:08
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14:08
Hot Stocks
AMD, NVIDIA fall after Intel unveils next generation of core processors »

Shares of AMD (AMD) and…

AMD

AMD

$13.30

-0.11 (-0.82%)

NVDA

Nvidia

$179.00

-1.76 (-0.97%)

INTC

Intel

$37.18

-0.02 (-0.05%)

03/08/13
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  • 05

    Oct

  • 22

    Oct

HLF

Herbalife

$67.51

-0.06 (-0.09%)

14:06
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09/25
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FTC grants Carl Icahn clearance for additional Herbalife purchases »

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YY

YY

$80.52

4.45 (5.85%)

14:05
09/25/17
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Options
YY call volume above normal and directionally bullish »

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14:05
09/25/17
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14:05
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14:05
General news
Treasury Option Action: heavy put spread demand at the short-end »

Treasury Option Action:…

RCII

Rent-A-Center

$10.80

-0.07 (-0.64%)

13:55
09/25/17
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13:55
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Options
Rent A Center put volume heavy and directionally bearish »

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13:55
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Conference/Events
Senate Finance Committee holds a hearing »

The Committee holds a…

GS

Goldman Sachs

$230.10

-0.93 (-0.40%)

13:54
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13:54
Periodicals
Symphony to raise $100M to expand, The Information says »

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  • 02

    Oct

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AMDA

Amedica

$0.33

0.005 (1.56%)

13:50
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09/25
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Downgrade
Amedica rating change  »

Amedica downgraded to…

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  • 26

    Sep

SCWX

SecureWorks

$12.57

0.15 (1.21%)

13:47
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09/25
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Hot Stocks
Breaking Hot Stocks news story on SecureWorks »

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DVN

Devon Energy

$36.59

0.81 (2.26%)

13:45
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Options
Devon Energy call volume above normal and directionally bullish »

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  • 01

    Nov

13:45
09/25/17
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General news
Treasury Action: coupon supply commences Tuesday »

Treasury Action: coupon…

ADP

ADP

$108.16

1.37 (1.28%)

13:43
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Pershing: ADP overstates shareholder return during CEO's tenure »

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