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ICE

IntercontinentalExchange

$267.67

-1.69 (-0.63%)

, SPGI

S&P Global

$124.96

-1.6 (-1.26%)

08:34
10/04/16
10/04
08:34
10/04/16
08:34

IntercontinentalExchange completes acquisition S&P Global units

Intercontinental Exchange (ICE) announced it has completed its all-cash acquisition of S&P Global's (SPGI) Standard & Poor's Securities Evaluations, or SPSE, a provider of fixed income evaluated pricing, and Credit Market Analysis, a provider of independent data for the over-the-counter markets, including credit derivatives and bonds. SPSE and CMA will become part of the suite of data products and services that comprise ICE Data Services. Following the completion of this acquisition, SPSE will be known as Securities Evaluations. Services offered by Securities Evaluations will be managed and operated separately from the existing fixed income evaluated pricing services offered by ICE Data Services until further notice. The transaction was announced in March, the company noted.

ICE

IntercontinentalExchange

$267.67

-1.69 (-0.63%)

SPGI

S&P Global

$124.96

-1.6 (-1.26%)

ICE IntercontinentalExchange
$267.67

-1.69 (-0.63%)

09/23/16
RBCM
09/23/16
NO CHANGE
RBCM
CBOE 'likely in the cross-hairs' of bigger peers, says RBC Capital
RBC Capital analyst Andrew Bond said he thinks the strategic risk of a deal whereby CBOE (CBOE) buys Bats Global Markets (BATS), as it has been reported to be in talks to do, outweighs the potential reward. However, he also believe CBOE's relatively small size, limited regulatory risk, clean balance sheet, and strong organic growth make it an attractive target for its largest exchange peers, such as IntercontinentalExchange (ICE) and CME Group (CME). A combined CBOE/BATS would be more difficult to acquire, so if CBOE is to be acquired, "the time is now," added Bond.
08/04/16
UBSW
08/04/16
NO CHANGE
Target $314
UBSW
Buy
IntercontinentalExchange price target raised to $314 from $279 at UBS
UBS raised its price target on IntercontinentalExchange to $314 from $279 as they believe the company is clicking on all cylinders. The firm cited strong Market Data growth, share repurchases, and growth in non-transactional revenues. UBS reiterated its Buy rating on IntercontinentalExchange shares.
06/01/16
JPMS
06/01/16
DOWNGRADE
Target $284
JPMS
Neutral
IntercontinentalExchange resumed with Neutral from Overweight at JPMorgan
JPMorgan analyst Kenneth Worthington downgraded IntercontinentalExchange to Neutral after resuming coverage of the name following a period of restriction. The analyst expects the decline in the company's return on invested capital to weigh on the valuation. He has a $284 price target for the shares.
05/20/16
05/20/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on the today's top analyst initiations with this list compiled by The Fly: 1. IntercontinentalExchange (ICE) initiated with a Buy at Sterne Agee CRT by analyst Jason Weaver, who put a $300 price target on shares. The firm has a positive view of what it sees as the company's "leading position and growth trajectory in energy, equity, and fixed income trading and clearing." The firm adds that the company's revenue mix is less volatile than its peers, while synergies and cost controls have made the company more profitable. Weaver also initiated Nasdaq (NDAQ) with a Buy rating and $76 price target, CME Group (CME) with a Neutral rating and $90 price target and CBOE Holdings (CBOE) with an Underperform rating and $56 price target. 2. Akari Therapeutics (AKTX) initiated with a Buy rat Canaccord. The firm set a $33 price target on shares and cited expectations for FDA product approvals and a level of underappreciation by investors for its shares. 3. Ralph Lauren (RL) initiated with a Buy and $115 price target by BB&T analyst Corinna Freedman, who believes Ralph Lauren will be successful in its turnaround and gain relevancy among a new younger demographic due to its strong vertical global brand house with a powerful heritage and sees significant category opportunities remaining in Women's and Accessories. Additionally, Freedman said International growth opportunities remain and Club Monaco repositioning is underappreciated. 4. Johnson & Johnson (JNJ) initiated with a Sell at Standpoint Research and $94 target. 5. PACCAR (PCAR) initiated with a Hold at Argus. The firm said it expects challenging industry conditions to pressure earnings through 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here
SPGI S&P Global
$124.96

-1.6 (-1.26%)

09/21/16
LEHM
09/21/16
UPGRADE
Target $37
LEHM
Overweight
TransUnion upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Manav Patnaik upgraded TransUnion (TRU) to Overweight saying credit bureaus will continue to outperform and that the market will benefit from a "scarcity value" in Industrials. The analyst keeps a $37 price target for the shares. Patnaik calls S&P Global (SPGI) his top pick in Information Services and raised his price target for the shares to $145 from $140. The analyst also views Moody's (MCO) as a "name to own" and upped his price target for the shares to $125 from $120. Patnaik this morning also downgraded Fair Isaac (FICO) to Equal Weight.
08/25/16
MACQ
08/25/16
INITIATION
Target $140
MACQ
Outperform
S&P Global initiated with an Outperform at Macquarie
Macquarie analyst Hamzah Mazari initiated S&P Global with an Outperform and $140 price target.
07/29/16
UBSW
07/29/16
NO CHANGE
Target $146
UBSW
Buy
S&P Global price target raised to $146 from $136 at UBS
UBS raised its price target on S&P Global to $146 from $136 following its Q2 beat and solid outlook for continued growth. The firm noted S&P was able to raise its guidance despite uncertainty stemming from the EU referendum and the near-term outlook. UBS said the company voiced confidence in the long-term outlook and expects the market to grow nicely over the next five years. UBS reiterated its Buy rating on S&P Global shares.
07/12/16
FBCO
07/12/16
INITIATION
Target $123
FBCO
Outperform
S&P Global initiated with an Outperform at Credit Suisse
Credit Suisse analyst Ashley Serro initiated S&P Global with an Outperform and $123 price target.

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BMRN

BioMarin

$82.21

-1.12 (-1.34%)

, ESALY

Eisai

$57.91

0.59 (1.03%)

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Invitae

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WTKWY

Wolters Kluwer

$34.08

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ZGNX

Zogenix

$13.05

0.35 (2.76%)

ZYNE

Zynerba

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WMT

Wal-Mart

$70.88

0.21 (0.30%)

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

HMST

HomeStreet

$29.35

-0.2 (-0.68%)

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

, ALIOF

Actelion

$206.01

15.21 (7.97%)

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Johnson & Johnson

$111.96

0.58 (0.52%)

ALIOF

Actelion

$206.01

15.21 (7.97%)

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CE

Celanese

$79.10

0.3 (0.38%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, GMED

Globus Medical

$21.89

0.12 (0.55%)

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$29.35

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GMED

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$21.89

0.12 (0.55%)

BGS

B&G Foods

$42.50

0.2 (0.47%)

ZEN

Zendesk

$21.17

0.34 (1.63%)

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ZEN

Zendesk

$21.17

0.34 (1.63%)

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

17:42
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Periodicals
President Obama blocks China's Fujian from acquiring Aixtron, CNBC reports »

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CX

CEMEX

$7.83

0.09 (1.16%)

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CEMEX to divest ready-mix concrete pumping assets in Mexico »

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SRNE

Sorrento Therapeutics

$5.15

-0.1 (-1.90%)

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Breaking Syndicate news story on Sorrento Therapeutics »

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MBRX

Moleculin Biotech

$2.63

-0.14 (-5.05%)

17:29
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Breaking Syndicate news story on Moleculin Biotech »

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NEOG

Neogen

$61.59

-1.46 (-2.32%)

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RRC

Range Resources

$36.36

-0.23 (-0.63%)

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EOG

EOG Resources

$103.74

-1.01 (-0.96%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

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HomeStreet

$29.35

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UMB Financial

$77.00

-0.43 (-0.56%)

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

, IM

Ingram Micro

$38.88

1.31 (3.49%)

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UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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Talen Energy

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

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DB

Deutsche Bank

$15.74

-0.32 (-1.99%)

17:07
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ALB

Albemarle

$84.86

-0.79 (-0.92%)

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FOR

Forestar Group

$13.40

0.2 (1.52%)

17:06
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