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SYT

Syngenta

$87.80

0.2 (0.23%)

, VIA

Viacom

$42.50

-0.32 (-0.75%)

06:25
10/04/16
10/04
06:25
10/04/16
06:25

GAO to scrutinize panel on strategic foreign investment, Reuters reports

The Government Accountability Office plans to examine whether a panel that oversees foreign investment in the United States has the legal powers necessary to keep up with efforts by state-owned firms in Russia and China to buy strategic U.S. companies, Reuters reports. In a letter dated September 30, the GAO said that it would begin the review in about four months once the staff with the proper expertise were cleared of other duties. The letter indicated Congress had raised concerns about China National Chemical's proposed $43B acquisition of Syngenta (SYT) and Dalian Wanda Group's bid for major American movie studios like Legendary Entertainment and Paramount Studios (VIA, VIAB). Reference Link

SYT

Syngenta

$87.80

0.2 (0.23%)

VIA

Viacom

$42.50

-0.32 (-0.75%)

VIAB

Viacom

$37.69

-0.41 (-1.08%)

SYT Syngenta
$87.80

0.2 (0.23%)

09/06/16
BERN
09/06/16
DOWNGRADE
BERN
Market Perform
Syngenta downgraded on valuation, anticipated deal delay at Bernstein
As noted earlier, Bernstein downgraded Syngenta to Market Perform from Outperform. As reasons for the downgrade, analyst Jeremy Redenius cited valuation and his belief that regulatory approvals for the company's acquisition by ChemChina could be delayed until 2017. Target to $92.20 from $90.20.
09/06/16
BERN
09/06/16
DOWNGRADE
BERN
Market Perform
Syngenta downgraded to Market Perform from Outperform at Bernstein
07/15/16
RAJA
07/15/16
UPGRADE
RAJA
Outperform
Syngenta upgraded to Outperform from Market Perform at Raymond James
05/19/16
JEFF
05/19/16
NO CHANGE
Target $95
JEFF
Hold
Jefferies views Bayer buyout of Monsanto as 'relatively unlikely'
After Monsanto (MON) confirmed an unsolicited offer from Bayer (BAYRY), Jefferies analyst Laurence Alexander says he still believes a transaction is "relatively unlikely." The analyst expects Monsanto to object to Bayer's offer given its conviction in its research and development pipeline and longer-term competitive advantages. Shares of Syngenta (SYT) and DuPont (DD) could be pressured as regulatory scrutiny is likely to intensify should Monsanto get acquired, and BASF (BASFY) could sell off on investor concerns of a potential counter-bid, Alexander tells investors in a research note. On the other hand, he sees a potential Monsanto takeover as positive for shares of Novozymes (NVZMY) and FMC Corporation (FMC). "A further roll-up of 'specialty generic' agrichemical assets could entice capital, and FMC would be a plausible anchor for such an attempt," the analyst writes. He has a Hold rating on Monsanto with a $95 price target.
VIA Viacom
$42.50

-0.32 (-0.75%)

09/22/16
TLSY
09/22/16
DOWNGRADE
TLSY
Market Perform
CBS downgraded on likely Viacom merger at Telsey Advisory
As noted earlier, Telsey downgraded CBS (CBS) to Market Perform from Outperform. Analyst Tom Eagan says that CBS will probably merge with Viacom (VIA, VIAB). The analyst believes that it will take "years" for Viacom to be turned around, and he says that Viacom's fiscal 2017 EBITDA will come in 18% below its fiscal 2015 level. The analyst expects the company's credit rating to be downgraded by S&P. CBS target to $57 from $67.
09/20/16
WELS
09/20/16
NO CHANGE
WELS
Viacom dividend likely to be eliminated, says Wells Fargo
Wells Fargo says that the market is expecting Viacom (VIA,VIAB) to cut its dividend by 50%. However, Wells Fargo says that the company will eliminate its entire dividend within tow months from now. The firm says that a 50% cut would enable Viacom to barely make its debt payments for the next year but still leave it "with limited financial visibility running at break-even with no cushion." The firm thinks that the company needs at least some cash cushion. It does not expect the company to merge with CBS (CBS) and keeps an Underperform rating on Viacom.
09/20/16
BMUR
09/20/16
NO CHANGE
Target $65
BMUR
Buy
Brean Capital says merger between Viacom and CBS is quite possible
Brean Capital analyst Alan Gould believes a merger between Viacom (VIA) and CBS (CBS) is quite possible. In such a scenario, the analyst sees Viacom buying CBS, which would allow for a greater premium to CBS shareholders, but he added there is also the possibility of CBS doing the buying. Gould believes a merger would be the best way to maximize returns for both shareholders. He also believes such a merger could already be discounted in the shares. Gould rates CBS a Buy with a $65 price target.
09/19/16
09/19/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PayPal (PYPL) downgraded to Hold from Buy at Canaccord with analyst Michael Graham saying he expects TPV growth to remain solid driven by Venmo and One Touch, but said these factors are well understood and reflected in estimates. 2. Viacom (VIA, VIAB) downgraded to Hold from Buy at Stifel with analyst Benjamin Mogil saying the stock's valuation is no longer attractive in the wake of the news that the company had decided to table its plans to sell a minority stake in Paramount. 3. Caterpillar (CAT) downgraded to Mixed from Positive at OTR Global with the firm saying third quarter global new heavy equipment orders are down 8%-11% year-over-year on weakness in North American. 4. Western Union (WU) downgraded to Negative from Neutral at Susquehanna with analyst James Friedman saying he is concerned about downside risks given the company's high multiple, increased regulatory scrutiny, and the lack of improvement in its Middle East business. 5. Campbell Soup (CPB) downgraded to Hold from Buy at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
VIAB Viacom
$37.69

-0.41 (-1.08%)

09/22/16
FBCO
09/22/16
NO CHANGE
Target $42
FBCO
Outperform
Viacom price target lowered to $42 from $53 at Credit Suisse
Credit Suisse analsyt Omar Sheikh lowered Viacom estimates driven by lower forecasts for Paramount and reduced its price target to $42 from $53. The analyst believes management changes make the long-term earnings recovery from a potential restructuring of Cable Networks and a return of Paramount profitability more likely and maintains his Outperform rating.
09/21/16
WDLK
09/21/16
NO CHANGE
Target $65
WDLK
Viacom price target lowered to $65 from $82 at Wunderlich

TODAY'S FREE FLY STORIES

JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$54.48

2.67 (5.15%)

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VXX

iPath S&P 500 VIX Short-Term Futures

$40.98

0.07 (0.17%)

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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$93.36

-0.23 (-0.25%)

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$12.45

0.06 (0.48%)

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SVXY

ProShares Short VIX Short-Term Futures

$89.64

-0.09 (-0.10%)

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ALV

Autoliv

$122.59

1.04 (0.86%)

06:36
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06:36
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Autoliv analyst commentary  »

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  • 30

    Oct

USO

United States Oil Fund

$10.24

0.13 (1.29%)

06:35
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Technical Analysis
United States Oil Fund: Pivot points »

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XOP

SPDR Oil Exploration and Production Fund

$32.86

0.68 (2.11%)

06:35
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SPDR Oil Exploration and Production Fund: Pivot points »

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$21.73

0.61 (2.89%)

06:34
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Technical Analysis
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UGAZ

VelocityShares 3x Long Natural Gas ETN

$13.20

-0.36 (-2.65%)

06:34
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VelocityShares 3x Long Natural Gas ETN: Pivot points »

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AMD

AMD

$13.74

0.62 (4.73%)

, NVDA

Nvidia

$185.84

-1.51 (-0.81%)

06:34
09/21/17
09/21
06:34
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06:34
Recommendations
AMD, Nvidia, Tesla analyst commentary  »

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AMD

AMD

$13.74

0.62 (4.73%)

NVDA

Nvidia

$185.84

-1.51 (-0.81%)

TSLA

Tesla

$373.91

-1.19 (-0.32%)

03/08/13
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  • 02

    Oct

EWZ

MSCI Brazil Index

$43.19

0.13 (0.30%)

06:34
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Technical Analysis
MSCI Brazil Index: Pivot points »

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EFA

iShares MSCI EAFE Index Fund

$68.32

-0.15 (-0.22%)

06:33
09/21/17
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06:33
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06:33
Technical Analysis
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JNK

SPDR Barclays High Yield Bond

$37.21

-0.01 (-0.03%)

06:33
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Technical Analysis
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SJB

ProShares Short High Yield

$23.19

0.0092 (0.04%)

06:32
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Technical Analysis
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AUO

AU Optronics

$4.19

-0.03 (-0.71%)

06:32
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Periodicals
AU Optronics to continue 'smart investment' policy, DigiTimes reports »

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HYG

iShares iBoxx $ High Yield Corporate Bond

$88.45

-0.01 (-0.01%)

06:32
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iShares iBoxx $ High Yield Corporate Bond: Pivot points »

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LQD

iShares iBoxx $ Investment Grade Corporate Bond

$120.82

-0.15 (-0.12%)

06:32
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TLT

iShares 20+ Year Treasury Bond Fund

$125.91

0.09 (0.07%)

06:31
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Technical Analysis
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TSM

TSMC

$37.82

-0.48 (-1.25%)

, QCOM

Qualcomm

$51.98

-0.32 (-0.61%)

06:31
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Periodicals
TSMC seen grabbing up to 80% of ordres for Qualcomm's PWM IC, DigiTimes says »

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TSM

TSMC

$37.82

-0.48 (-1.25%)

QCOM

Qualcomm

$51.98

-0.32 (-0.61%)

SMI

SMIC

$5.65

0.19 (3.48%)

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P

Pandora

$8.23

-0.09 (-1.08%)

, AAPL

Apple

$156.07

-2.66 (-1.68%)

06:31
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Periodicals
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P

Pandora

$8.23

-0.09 (-1.08%)

AAPL

Apple

$156.07

-2.66 (-1.68%)

GOOG

Alphabet

$931.58

9.77 (1.06%)

GOOGL

Alphabet Class A

$947.54

10.68 (1.14%)

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  • 22

    Oct

  • 29

    Nov

SLV

iShares Silver Trust

$16.19

-0.17 (-1.04%)

06:29
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iShares Silver Trust: Pivot points »

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USLV

VelocityShares 3x Long Silver ETN

$12.54

-0.37 (-2.87%)

06:29
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Technical Analysis
VelocityShares 3x Long Silver ETN: Pivot points »

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IYR

DJ US Real Estate Index Fund

$80.81

-0.2 (-0.25%)

06:29
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Technical Analysis
DJ US Real Estate Index Fund: Pivot points »

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EFX

Equifax

$96.00

1.13 (1.19%)

06:29
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Periodicals
Equifax CS has been directing hack victims to fake phishing site, The Verge says »

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  • 22

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