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PG

Procter & Gamble

$88.48

-1.27 (-1.42%)

11:50
10/03/16
10/03
11:50
10/03/16
11:50

Heavy volume in Procter and Gamble options as arbs unwind massive positions

Heavy volume in Procter and Gamble options as arbs unwind massive positions. Arbitrageurs playing the COTY spinoff traded more than 10M P&G contracts last month ahead of the tender for shares, as rev/con open interest approached 3.5M contracts, representing 350M shares that could be tendered under the terms of the deal. With the exchange completed, traders are now unwinding the four largest blocks of open interest in the entire market, nearly 1.7M Oct 7th 120 rev/cons and 900K Oct 14th 120 rev/cons. Similarly, COTY has nearly 270K Oct 38s synthetics open.

  • 11

    Oct

  • 25

    Oct

PG Procter & Gamble
$88.48

-1.27 (-1.42%)

07/22/16
STFL
07/22/16
NO CHANGE
STFL
Procter & Gamble price target raised to $92 from $85 at Stifel
Stifel expects Procter & Gamble's stock to be boosted by multiple expansion, driven by improving organic sales in fiscal 2017. The firm says that the company's margins should continue to expand. It believes that the stock's valuation is attractive, and it keeps a Buy rating on the shares.
08/15/16
RILY
08/15/16
UPGRADE
Target $105
RILY
Buy
Procter & Gamble upgraded to Buy from Neutral at B. Riley
B. Riley analyst Linda Bolton Weiser upgraded Procter & Gamble to Buy saying she left a meeting with new CEO David Taylor with greater confidence in the company's improved organic sales growth. The analyst expects Procter & Gamble's multiple to continue expanding and she upped her price target for the shares to $105 from $74.
08/15/16
08/15/16
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. Procter & Gamble (PG) upgraded to Buy from Neutral at B. Riley with analyst Linda Bolton Weiser saying she left a meeting with new Chief Executive Officer David Taylor with greater confidence in the company's improved organic sales growth. 2. Valeant (VRX) upgraded to Neutral from Underperform at Mizuho. 3. AAC Holdings (AAC) upgraded to Strong Buy from Outperform at Raymond James with analyst John Ransom ting favorable valuation, still high short interest, and good visibility on 2017 EBITDA, which is $8M above Street estimates. 4. American Eagle (AEO) upgraded to Buy from Hold at Deutsche Bank with analyst Tiffany Kanaga saying denim strength should drive upside to estimates in the second quarter while easier compares should keep the momentum going in the second half of 2016. 5. Bright Horizons (BFAM) upgraded to Overweight from Neutral at JPMorgan with analyst Andrew Steinerman saying the company is entering a period of above-average margin expansion. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/26/16
JEFF
08/26/16
NO CHANGE
Target $75
JEFF
Hold
Jefferies cuts Edgewell Personal Care target citing Harry's rollout at Target
Jefferies analyst Kevin Grundy lowered his price target on Edgewell Personal Care (EPC) to $75 from $77 after Harry's shave club offerings launched nationwide at Target (TGT), saying his store checks revealed strong in-store execution for the roll-out. Grundy thinks soon-to-be acquired Dollar Shave Club will also to push into retail and expects other retailers, perhaps including Walmart (WMT), to follow Target's lead and offer shelf space to the "trendy" shave club brands. While saying this is also a risk to Procter & Gamble (PG), Grundy keeps his Buy rating and $98 price target on P&G shares, saying increased levels of investment in U.S. shaving are already factored in the company's guidance.

TODAY'S FREE FLY STORIES

YY

YY

$41.00

0.44 (1.08%)

13:05
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YY call volume above normal and directionally bullish »

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TLRD

Tailored Brands

$26.39

7.4597 (39.41%)

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  • 08

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GE

General Electric

$31.68

0.08 (0.25%)

13:01
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GE Transportation acquires Iders Incorporated, terms not disclosed »

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  • 08

    Dec

ESRX

Express Scripts

$75.85

-0.88 (-1.15%)

13:01
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Periodicals
Citron cautious on Express Scripts, has $45 target on shares »

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INSY

Insys Therapeutics

$10.70

-0.54 (-4.80%)

12:57
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MBOT

Microbot Medical

$7.75

-0.3 (-3.73%)

12:56
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HZNP

Horizon Pharma

$19.39

-0.82 (-4.06%)

12:53
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Recommendations
Horizon Pharma analyst commentary  »

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  • 08

    Dec

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    Dec

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    Dec

MLSS

Milestone Scientific

$1.77

-0.3254 (-15.50%)

12:51
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Hot Stocks
Milestone Scientific: Henry Schein ahead of schedule in The Wand training »

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UTI

Universal Technical

$3.62

0.37 (11.38%)

12:44
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12/08
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Hot Stocks
Breaking Hot Stocks news story on Universal Technical »

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FEYE

FireEye

$13.61

0.41 (3.11%)

12:40
12/08/16
12/08
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12:40
Options
FireEye calls active »

FireEye calls active. The…

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  • 08

    Dec

12:40
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12:40
General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

UTI

Universal Technical

$3.62

0.37 (11.38%)

12:38
12/08/16
12/08
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Hot Stocks
Breaking Hot Stocks news story on Universal Technical »

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UTI

Universal Technical

$3.62

0.37 (11.38%)

12:38
12/08/16
12/08
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Hot Stocks
Breaking Hot Stocks news story on Universal Technical »

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MNST

Monster Beverage

$44.47

0.1 (0.23%)

12:35
12/08/16
12/08
12:35
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12:35
Options
Monster Beverage put volume heavy and directionally bearish »

Bearish flow noted in…

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PF

Pinnacle Foods

$51.04

0.58 (1.15%)

12:31
12/08/16
12/08
12:31
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12:31
Conference/Events
Pinnacle Foods to hold an investor luncheon »

Investor Luncheon where…

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UTI

Universal Technical

$3.62

0.37 (11.38%)

12:30
12/08/16
12/08
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12:30
Hot Stocks
Universal Technical: No pending non-public disclosures to account for stock rise »

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12:30
12/08/16
12/08
12:30
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General news
U.S. Household net worth rose »

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SAN

Banco Santander

$5.19

0.1549 (3.07%)

12:25
12/08/16
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12:25
Options
Banco Santander call volume above normal and directionally bullish »

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12:25
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Conference/Events
Wells Fargo economists hold an analyst/industry conference call »

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TWTR

Twitter

$19.34

-0.14 (-0.72%)

12:21
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Periodicals
Spotify cancels talks to acquire SoundCloud, TechCrunch says »

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AIXG

Aixtron

$4.15

0.042 (1.02%)

12:17
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$NYE

NYSE Market Internals

12:16
12/08/16
12/08
12:16
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12:16
Technical Analysis
NYSE market internals summary »

Breadth is bullish across…

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$NSD

NASDAQ Market Internals

12:16
12/08/16
12/08
12:16
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12:16
Technical Analysis
NASDAQ market internals summary »

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PNC

PNC Financial

$114.46

1.79 (1.59%)

12:15
12/08/16
12/08
12:15
12/08/16
12:15
Options
PNC Financial put volume heavy and directionally bearish »

Bearish flow noted in PNC…

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  • 13

    Jan

GOOG

Alphabet

$771.19

12.08 (1.59%)

, GOOGL

Alphabet Class A

$791.47

15.29 (1.97%)

12:12
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12/08
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12:12
Hot Stocks
Google enters partnership with Gupshup for Actions on Google Assistant »

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GOOG

Alphabet

$771.19

12.08 (1.59%)

GOOGL

Alphabet Class A

$791.47

15.29 (1.97%)

03/08/13
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  • 15

    Jan

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