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JBT

John Bean Technologies

$70.55

1.53 (2.22%)

, DOV

Dover

$73.64

1.77 (2.46%)

09:02
10/03/16
10/03
09:02
10/03/16
09:02

JBT Corporation signs definitive agreement to acquire Tipper Tie for $160M

JBT Corporation (JBT) announced it has signed a definitive agreement to purchase Tipper Tie from Dover (DOV). The purchase price is $160M, before customary post-closing adjustments. The transaction is expected to close in the fourth quarter, subject to customary regulatory approvals. Tipper Tie is a leading provider of engineered processing and packaging solutions, and related consumables to the food industry. The company, headquartered in Apex, North Carolina, has four manufacturing locations around the world.

JBT

John Bean Technologies

$70.55

1.53 (2.22%)

DOV

Dover

$73.64

1.77 (2.46%)

  • 17

    Nov

JBT John Bean Technologies
$70.55

1.53 (2.22%)

04/19/16
WBLR
04/19/16
INITIATION
Target $70
WBLR
Outperform
JBT Corporation initiated with an Outperform at William Blair
William Blair analyst Larry De Maria started JBT Corporation with an Outperform rating and $70 price target.
06/17/16
06/17/16
INITIATION
Target $75

Buy
JBT Corporation initiated with a Buy at BB&T
Target $75.
06/17/16
06/17/16
INITIATION

Buy
JBT Corporation initiated at BB&T
As noted earlier, BB&T initiated coverage of JBT with a Buy rating and $75 price target. The firm thinks the company has "a winning combination" of "new management, dominant market share, and a heavy aftermarket mix." The firm estimates that the company's EPS could reach $4.30+.
DOV Dover
$73.64

1.77 (2.46%)

06/10/16
OPCO
06/10/16
NO CHANGE
OPCO
Perform
Oppenheimer positive on Wayne Fueling Systems acquisition by Dover
Oppenheimer analyst Jim Giannakouros sees Dover's acquisition of Wayne Fueling Systems as a fairly-priced and strategic deal in one of Dover's core growth markets. The analyst adds that given the favorable trends and outlook for retail fueling, he views the acquisition favorably. Oppenheimer has a Perform rating on Dover's shares.
06/10/16
06/10/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on the today's top five analyst upgrades with this list compiled by The Fly: 1. Dover (DOV) upgraded to Outperform from Market Perform at Bernstein with an $87 price target. The firm thinks that the oil-related headwinds the company had been experiencing have peaked. It says that the company's non-oil business now accounts for 93% of its earnings, up from about 60% previously, and Bernstein expects those units to generate low to mid single digit percentage organic growth. Additionally, the firm is extremely upbeat on the company's acquisition of Wayne, saying that the deal increases the value of Dover's stock by $7 per share. 2. Joy Global (JOY) upgraded to Outperform from Market Perform at FBR Capital by analyst Lucas Pipes, who also raised its price target for shares to $25 from $14. The analyst has increased confidence Joy's growth opportunities following its strategic wins in India and the Canadian oil sands and notes the company's organic order rate is tracking well against his estimates. 3. Ducommun (DCO) upgraded to Buy from Hold at Canaccord, which raised its price target to $23 from $19 on Ducommun shares. The firm cited better visibility, execution and de-leveraging of its balance sheet. The recent divestitures are expected to significantly contribute to improved margins, the firm said. 4. Pentair (PNR) upgraded to Buy from Neutral at Seaport Global by analyst Ryan Cassil, who raised his price target to $70 from $59. The analyst believes the worst margin performance is behind the company in its V&C segment and has increased confidence in management's forecast for decrementals to be reduced by half in Q2 as volumes increase seasonally and high-cost inventory is turned. 5. U.S. Concrete (USCR) upgraded to Buy from Neutral at Sidoti by analyst Michael Conti, who raised his price target to $90 from $72. The analyst views the capital raise from debt refinancing as a catalyst for acquisitions. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/13/16
BOFA
07/13/16
NO CHANGE
Target $85
BOFA
Buy
Dover price target raised to $85 from $75 at BofA/Merrill
BofA/Merrill analyst Andrew Obin raised Buy rated Dover's price target to $85 from $75 based on a higher multiple driven by higher energy estimates and strategic nationality on the Energy business.
07/26/16
BOFA
07/26/16
NO CHANGE
BOFA
Dover added ot hte US 1 List at BofA/Merrill
BofA/Merrill added Dover to the US 1 List saying Energy downside appears limited and overall earnings appear to be stabilizing.

TODAY'S FREE FLY STORIES

BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

07:14
09/20/17
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07:14
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Bed Bath & Beyond analyst commentary  »

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CSCO

Cisco

$32.49

-0.03 (-0.09%)

07:12
09/20/17
09/20
07:12
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07:12
Conference/Events
Cisco management to meet with Oppenheimer »

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    Nov

AVEO

AVEO Oncology

$3.84

0.07 (1.86%)

, BMY

Bristol-Myers

$62.93

0.23 (0.37%)

07:12
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09/20
07:12
09/20/17
07:12
Hot Stocks
AVEO Oncology, EUSA Pharma announce TiNivo combination study opt-in »

AVEO Oncology (AVEO) and…

AVEO

AVEO Oncology

$3.84

0.07 (1.86%)

BMY

Bristol-Myers

$62.93

0.23 (0.37%)

03/08/13
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  • 09

    Nov

  • 05

    Mar

ADBE

Adobe

$156.60

0.83 (0.53%)

07:12
09/20/17
09/20
07:12
09/20/17
07:12
Recommendations
Adobe analyst commentary  »

Adobe price target raised…

03/08/13
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  • 22

    Oct

SUPN

Supernus

$38.05

-11.6 (-23.36%)

07:11
09/20/17
09/20
07:11
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07:11
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Supernus analyst commentary  »

Jefferies still sees…

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  • 25

    Sep

WFC

Wells Fargo

$53.36

0.65 (1.23%)

07:10
09/20/17
09/20
07:10
09/20/17
07:10
Periodicals
Wells Fargo general counsel aims to clean up reputation, Reuters reports »

Wells Fargo general…

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  • 23

    Sep

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    Nov

  • 15

    Jan

ELY

Callaway Golf

$14.14

0.12 (0.86%)

07:09
09/20/17
09/20
07:09
09/20/17
07:09
Recommendations
Callaway Golf analyst commentary  »

Callaway Golf EPS…

03/08/13
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BA

Boeing

$252.46

-0.62 (-0.24%)

07:09
09/20/17
09/20
07:09
09/20/17
07:09
Recommendations
Boeing analyst commentary  »

Boeing price target…

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  • 23

    Sep

MTCH

Match Group

$23.45

-0.02 (-0.09%)

07:08
09/20/17
09/20
07:08
09/20/17
07:08
Recommendations
Match Group analyst commentary  »

Match Group price target…

03/08/13
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GIS

General Mills

$55.38

-1.05 (-1.86%)

07:08
09/20/17
09/20
07:08
09/20/17
07:08
Hot Stocks
Breaking Hot Stocks news story on General Mills »

General Mills down 4.3%…

03/08/13
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  • 20

    Sep

KPTI

Karyopharm

$10.52

-0.34 (-3.13%)

07:07
09/20/17
09/20
07:07
09/20/17
07:07
Hot Stocks
Karyopharm: 'successful' outcome from Phase 2 portion of Phase 2/3 SEAL study »

Karyopharm reported a…

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  • 25

    Sep

GIS

General Mills

$55.38

-1.05 (-1.86%)

07:05
09/20/17
09/20
07:05
09/20/17
07:05
Hot Stocks
General Mills CEO says FY18 priority is 'strengthening our topline performance' »

"Our number one…

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  • 20

    Sep

SNY

Sanofi

$49.10

0.46 (0.95%)

, ALNY

Alnylam

$75.04

-0.96 (-1.26%)

07:05
09/20/17
09/20
07:05
09/20/17
07:05
Hot Stocks
Sanofi and Alnylam report topline results of patisiran in ATTR amyloidosis »

Sanofi's (SNY)…

SNY

Sanofi

$49.10

0.46 (0.95%)

ALNY

Alnylam

$75.04

-0.96 (-1.26%)

03/08/13
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03/06/13
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  • 18

    Oct

ADBE

Adobe

$156.60

0.83 (0.53%)

07:04
09/20/17
09/20
07:04
09/20/17
07:04
Recommendations
Adobe analyst commentary  »

Adobe near-term weakness…

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  • 22

    Oct

WDC

Western Digital

$89.92

0.74 (0.83%)

07:04
09/20/17
09/20
07:04
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07:04
Technical Analysis
Technical View: Western Digital falls as Toshiba selects Bain-led group as buyer »

Toshiba (TOSBF, TOSYY)…

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GIS

General Mills

$55.38

-1.05 (-1.86%)

07:04
09/20/17
09/20
07:04
09/20/17
07:04
Hot Stocks
General Mills CEO says 'confident in improved momentum' for rest of year »

CEO Harmening said,…

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  • 20

    Sep

SIX

Six Flags

$56.75

-0.32 (-0.56%)

07:03
09/20/17
09/20
07:03
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07:03
Hot Stocks
Six Flags says no expected material impact from Mexico earthquake »

Six Flags Entertainment…

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  • 28

    Sep

PG

Procter & Gamble

$94.17

1.02 (1.10%)

07:03
09/20/17
09/20
07:03
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07:03
Hot Stocks
Procter & Gamble: Peltz 'lacks specific qualities' P&G seeking in board members »

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GIS

General Mills

$55.38

-1.05 (-1.86%)

07:03
09/20/17
09/20
07:03
09/20/17
07:03
Hot Stocks
General Mills reports Q1 gross margin down 150 bps to 34.8% »

Gross margin decreased…

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  • 20

    Sep

07:02
09/20/17
09/20
07:02
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07:02
General news
MBA Mortgage Applications Composite Index data reported »

Week of 9/15 MBA Mortgage…

IDN

Intellicheck

07:02
09/20/17
09/20
07:02
09/20/17
07:02
Initiation
Intellicheck initiated  »

Intellicheck initiated…

03/08/13
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ALNY

Alnylam

$75.04

-0.96 (-1.26%)

, SNY

Sanofi

$49.10

0.46 (0.95%)

07:02
09/20/17
09/20
07:02
09/20/17
07:02
Hot Stocks
Alnylam, Sanofi say APOLLO Phase 3 study met primary, secondary endpoints »

Alnylam Pharmaceuticals…

ALNY

Alnylam

$75.04

-0.96 (-1.26%)

SNY

Sanofi

$49.10

0.46 (0.95%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Oct

GIS

General Mills

$55.38

-1.05 (-1.86%)

07:02
09/20/17
09/20
07:02
09/20/17
07:02
Earnings
General Mills backs FY18 adjusted EPS growth of 1%-2%, consensus $3.10 »

Reaffirms fiscal 2018…

03/08/13
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  • 20

    Sep

GIS

General Mills

$55.38

-1.05 (-1.86%)

07:00
09/20/17
09/20
07:00
09/20/17
07:00
Earnings
General Mills reports Q1 adjusted EPS 71c, consensus 76c »

Reports Q1 revenue $3.8B,…

03/08/13
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  • 20

    Sep

CELG

Celgene

$143.47

0.63 (0.44%)

, XLRN

Acceleron

$38.97

-0.41 (-1.04%)

06:59
09/20/17
09/20
06:59
09/20/17
06:59
Recommendations
Celgene, Acceleron analyst commentary  »

Jefferies sees Celgene…

CELG

Celgene

$143.47

0.63 (0.44%)

XLRN

Acceleron

$38.97

-0.41 (-1.04%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 25

    Sep

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