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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.

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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

MSTX

Mast Therapeutics

$0.14

0.003 (2.22%)

04:55
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MTSI

MACOM

$50.32

-3.52 (-6.54%)

, SBGI

Sinclair Broadcast

$40.35

1.05 (2.67%)

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MTSI

MACOM

$50.32

-3.52 (-6.54%)

SBGI

Sinclair Broadcast

$40.35

1.05 (2.67%)

NXST

Nexstar

$69.90

1 (1.45%)

TRCO

Tribune Media

$36.72

0.17 (0.47%)

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CLLS

Cellectis

$23.83

0.26 (1.10%)

04:55
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Conference/Events
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RDHL

RedHill Biopharma

$10.29

0.0199 (0.19%)

04:55
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Conference/Events
RedHill Biopharma to host research and development day »

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RXDX

Ignyta

$9.20

0.25 (2.79%)

04:55
04/27/17
04/27
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Conference/Events
Ignyta holds a conference call »

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BGG

Briggs & Stratton

$25.14

0.09 (0.36%)

04:55
04/27/17
04/27
04:55
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04:55
Conference/Events
Briggs & Stratton management to meet with Sidoti »

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GTN

Gray Television

$15.05

0.4 (2.73%)

04:55
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Conference/Events
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SGM

Stonegate Mortgage

$7.96

-0.0059 (-0.07%)

04:55
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Conference/Events
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  • 27

    Apr

04:55
04/27/17
04/27
04:55
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04:55
General news
Breaking General news story  »

Week of 4/21 EIA Natural…

CMRX

Chimerix

$6.09

-0.01 (-0.16%)

04:55
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04/27
04:55
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04:55
Conference/Events
Chimerix to hold an investor update webcast »

Chief Medical Officer…

03/08/13
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  • 27

    Apr

04:55
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RGLS

Regulus

$1.55

0.1 (6.90%)

04:55
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  • 27

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04:55
04/27/17
04/27
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Conference/Events
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04:55
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Week of 4/23 Bloomberg…

LGF

Use LGF.A, LGF.B

, AMCX

AMC Networks

$60.25

0.65 (1.09%)

04:55
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04/27
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Conference/Events
FBN Securities media/cable analyst holds an analyst/industry conference call »

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LGF

Use LGF.A, LGF.B

AMCX

AMC Networks

$60.25

0.65 (1.09%)

DISCA

Discovery

$29.39

0.1 (0.34%)

CBS

CBS

$66.91

0.5 (0.75%)

NFLX

Netflix

$150.17

-1.99 (-1.31%)

AMZN

Amazon.com

$909.29

1.67 (0.18%)

VIA.B

Symbol now VIAB

NLSN

Nielsen

$39.41

-0.57 (-1.43%)

SNI

Scripps Networks

$76.49

0.53 (0.70%)

TWX

Time Warner

$100.20

0.16 (0.16%)

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MEOH

Methanex

$46.10

0.15 (0.33%)

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04:55
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3-Month Bill Announcement…

WWD

Woodward

$68.05

-0.11 (-0.16%)

04:55
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04/27
04:55
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Conference/Events
Woodward management to meet with Barrington »

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