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KLAC

KLA-Tencor

$71.21

0.91 (1.29%)

, LRCX

Lam Research

$96.17

1.34 (1.41%)

18:00
10/05/16
10/05
18:00
10/05/16
18:00

KLA-Tencor announces termination of merger agreement with Lam Research

KLAC

KLA-Tencor

$71.21

0.91 (1.29%)

LRCX

Lam Research

$96.17

1.34 (1.41%)

  • 19

    Oct

  • 18

    Nov

KLAC KLA-Tencor
$71.21

0.91 (1.29%)

08/29/16
08/29/16
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. T-Mobile (TMUS) upgraded to Outperform from Market Perform at Wells Fargo, with analyst Jennifer Fritzsche saying the company's free cash flow should ramp significantly in 2017. T-Mobile should also see continued positive momentum in subscriber growth and be helped by M&A speculation post the Presidential election, said Fritzsche, who raised her price target range for the shares to $52-$54 from $48-$50. 2. KLA-Tencor (KLAC) upgraded to Outperform from Market Perform at Cowen by analyst Timothy Arcuri, who views the shares as "too interesting to ignore" regardless of the Lam Research (LRCX) deal outcome. KLA's risk/reward, even if the deal breaks, is now 3:1 to the upside, which is hard to find in semis, Arcuri tells investors in a research note. 3. Allegheny Technologies (ATI) upgraded to Buy from Hold at Deutsche Bank, with Deutsche Bank analyst Jorge Beristain saying leverage concerns have eased following the closure of the company's Rowley facility. Management is acting to exit low-margin stainless products, said Beristain. 4. CBL & Associates (CBL) upgraded to Buy from Hold at Jefferies, as analyst Omotayo Okusanya thinks "several issues" that have been an overhang on the shares are now resolved or are in the process of resolution. The company's portfolio quality is rising while its balance sheet is in better shape, Okusanya tells investors. 5. AstraZeneca upgraded to Buy from Hold 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.
09/08/16
SBSH
09/08/16
NO CHANGE
Target $102
SBSH
Buy
Citi stil sees risk in Lam, KLA-Tencor merger deal
Dealreporter yesterday published an article yesterday stating that Lam Research (LRCX) is in discussions with China's MOFCOM to resolve deal concerns, Citi analyst Atif Malik tells investors in a research note. The analyst continues to see risk in Lam, KLA-Tencor (KLAC) deal on decreased competition concerns with regulators. He adds that equipment peers at the Citi Technology conference this week spoke of concentration concerns with the deal. Malik has a Buy rating on Lam with a $102 price target.
09/13/16
FBCO
09/13/16
UPGRADE
Target $85
FBCO
Outperform
KLA-Tencor upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Farham Ahmad upgraded KLA-Tencor (KLAC) to Outperform and raised its price target to $85 from $82. Ahmad does not expect the Lam Research (LRCX) merger to go through but views KLA-Tencor as attractive on a standalone valuations. The analyst's FY17 earnings estimate of $5.34 is 11% above the Street, and he sees potential for multiple expansion driven by OpM and 3% dividend yield.
10/03/16
FBCO
10/03/16
NO CHANGE
Target $85
FBCO
Outperform
KLA-Tencor added to US Focus List at Credit Suisse
Credit Suisse analyst Farhan Ahmad added KLA-Tencor to the US Focus List and reiterated his views that shares are very attractive in near term given upside his estimates, 2H 2016/CY17 earnings are 10%/7% above Street. The analyst has greater conviction that stock is already pricing in the breakup of the proposed Lam Research (LRCX) merger following meetings and calls with investors over the last few weeks, and sees significant interest in KLA-Tencor shares from investors. Ahmad commented on investor concerns and thinks Gen 5 will take share from Ebeam inspection, Foundry 28nm capex from China could be a 2018 growth driver, and believes valuation reflects the merger and sees upside expansion to the multiple. Ahmad rates KLA-Tencor an Outperform with an $85 price target.
LRCX Lam Research
$96.17

1.34 (1.41%)

08/29/16
COWN
08/29/16
UPGRADE
Target $80
COWN
Outperform
KLA-Tencor upgraded to Outperform from Market Perform at Cowen
Cowen analyst Timothy Arcuri upgraded KLA-Tencor (KLAC) to Outperform saying the shares are now "too interesting to ignore" regardless of the Lam Research (LRCX) deal outcome. KLA's risk/reward, even if the deal breaks, is now 3:1 to the upside, which is hard to find in semis, Arcuri tells investors in a research note. Intel (INTC) pushback likely explains recent deal delays, the analyst contends. He has an $80 price target for KLA-Tencor shares.
10/05/16
RBCM
10/05/16
NO CHANGE
RBCM
Micron report reads positively for Applied Materials, Lam, says RBC Capital
Following Micron's (MU) quarterly report and guidance, RBC Capital Amit Daryanani said he sees positive read-through from the report for Applied Materials (AMAT), Lam Research (LRCX), ASML (ASML), Western Digital (WDC) and Intel (INTC). Micron management expects capex spending of $4.8B-$5.2B for FY17, noted Daryanani, who believes continued 3D NAND spending will benefit Applied and Lam the most.

TODAY'S FREE FLY STORIES

NUE

Nucor

$62.83

1.97 (3.24%)

15:46
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Nucor call volume above normal and directionally bullish »

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ROKA

Roka Bioscience

$4.26

-0.18 (-4.05%)

15:44
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02/27
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Conference/Events
Roka Bioscience to host special shareholder meeting »

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  • 28

    Feb

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TESS

TESSCO

$14.05

-0.3 (-2.09%)

15:43
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LJPC

La Jolla

$19.87

1.65 (9.06%)

15:42
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02/27
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Recommendations
La Jolla analyst commentary  »

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  • 27

    Feb

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    Mar

CUR

Neuralstem

$3.86

0.16 (4.32%)

15:36
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Breaking Hot Stocks news story on Neuralstem »

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WUBA

58.com

$32.46

0.49 (1.53%)

15:35
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02/27
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15:35
Options
58.com options imply 10.8% move in share price post-earnings, above median historical move »

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  • 28

    Feb

NURO

NeuroMetrix

$0.63

-0.0317 (-4.79%)

15:35
02/27/17
02/27
15:35
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15:35
Conference/Events
NeuroMetrix to host special shareholder meeting »

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  • 28

    Feb

CGI

Celadon Group

$8.55

0.45 (5.56%)

, USAK

USA Truck

$9.00

0.14 (1.58%)

15:33
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Celadon, USA Truck called best M&A targets as truckers seen consolidating »

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CGI

Celadon Group

$8.55

0.45 (5.56%)

USAK

USA Truck

$9.00

0.14 (1.58%)

HTLD

Heartland Express

$20.64

0.2 (0.98%)

KNX

Knight Transportation

$32.70

0.55 (1.71%)

SWFT

Swift Transportation

$22.09

0.35 (1.61%)

CVTI

Covenant Transportation

$20.06

0.05 (0.25%)

MRTN

Marten Transport

WERN

Werner

$27.80

0.45 (1.65%)

XPO

XPO Logistics

$51.41

1.01 (2.00%)

03/08/13
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  • 13

    Mar

  • 02

    May

GLD

SPDR Gold Trust

$119.45

-0.25 (-0.21%)

15:32
02/27/17
02/27
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15:32
Options
Aggressive short-term call spread in the SPDR Gold Fund »

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SGY

Stone Energy

$6.73

0.15 (2.28%)

, EQT

EQT Corporation

$60.73

0.785 (1.31%)

15:31
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Hot Stocks
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SGY

Stone Energy

$6.73

0.15 (2.28%)

EQT

EQT Corporation

$60.73

0.785 (1.31%)

03/08/13
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EXEL

Exelixis

$21.69

-0.05 (-0.23%)

15:20
02/27/17
02/27
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15:20
Options
Exelixis options imply 12.7% move in share price post-earnings, above median historical move »

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  • 27

    Feb

$NSD

NASDAQ Market Internals

15:17
02/27/17
02/27
15:17
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15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

15:16
02/27/17
02/27
15:16
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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GE

General Electric

$29.94

-0.25 (-0.83%)

15:14
02/27/17
02/27
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15:14
Periodicals
GE sales process for Industrial Solutions may start in March, Bloomberg says »

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  • 26

    Apr

VIP

VimpelCom

$4.30

-0.04 (-0.92%)

15:11
02/27/17
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Higher option volume in Vimpel driven by poste-earnings puts »

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VAC

Marriott Vacations

$96.51

-2.39 (-2.42%)

15:09
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Conference/Events
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  • 28

    Feb

TGT

Target

$66.95

0.435 (0.65%)

, AZO

AutoZone

$734.44

1.685 (0.23%)

15:06
02/27/17
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Earnings
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TGT

Target

$66.95

0.435 (0.65%)

AZO

AutoZone

$734.44

1.685 (0.23%)

DPZ

Domino's Pizza

$185.90

-0.378 (-0.20%)

VRX

Valeant

$16.73

0.5499 (3.40%)

PAH

Platform Specialty Products

$13.19

0.14 (1.07%)

ENDP

Endo

$13.15

-0.24 (-1.79%)

DDD

3D Systems

$17.04

0.55 (3.34%)

SEAS

SeaWorld

$18.66

0.035 (0.19%)

03/08/13
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  • 27

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 02

    Mar

  • 13

    Mar

  • 14

    Mar

  • 14

    Mar

  • 19

    Mar

  • 22

    Mar

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  • 24

    Mar

PCLN

Priceline

$1,631.62

-5.64 (-0.34%)

, WDAY

Workday

$90.92

1.26 (1.41%)

15:05
02/27/17
02/27
15:05
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15:05
Earnings
Notable companies reporting after market close »

Notable companies…

PCLN

Priceline

$1,631.62

-5.64 (-0.34%)

WDAY

Workday

$90.92

1.26 (1.41%)

PRGO

Perrigo

$84.39

-0.04 (-0.05%)

ALB

Albemarle

$92.74

-0.19 (-0.20%)

EXEL

Exelixis

$21.69

-0.05 (-0.23%)

RSPP

RSP Permian

$40.77

0.88 (2.21%)

FTR

Frontier Communications

$3.37

-0.02 (-0.59%)

CST

CST Brands

$48.37

0.02 (0.04%)

THC

Tenet

$22.36

0.365 (1.66%)

HTZ

Hertz

$19.86

-0.11 (-0.55%)

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03/06/13
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  • 27

    Feb

  • 27

    Feb

  • 27

    Feb

  • 27

    Feb

  • 27

    Feb

  • 27

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 01

    Mar

  • 02

    Mar

  • 13

    Mar

  • 14

    Mar

  • 16

    Mar

  • 20

    Mar

  • 21

    Mar

HTZ

Hertz

$19.87

-0.105 (-0.53%)

15:05
02/27/17
02/27
15:05
02/27/17
15:05
Options
Hertz options imply 18.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 27

    Feb

  • 28

    Feb

15:00
02/27/17
02/27
15:00
02/27/17
15:00
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

MNK

Mallinckrodt

$54.42

1.04 (1.95%)

14:57
02/27/17
02/27
14:57
02/27/17
14:57
Conference/Events
Mallinckrodt management to meet with Jefferies »

Meeting to be held in…

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  • 01

    Mar

  • 03

    Mar

INCY

Incyte

$131.21

9.26 (7.59%)

, SE

Acquired by ENB

14:55
02/27/17
02/27
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02/27/17
14:55
Hot Stocks
Incyte to replace Spectra Energy in S&P 500 as of 2/28 open »

Spectra Energy (SE) is…

INCY

Incyte

$131.21

9.26 (7.59%)

SE

Acquired by ENB

ENB

Enbridge

$42.05

0.705 (1.71%)

03/08/13
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  • 06

    Mar

  • 06

    Mar

  • 14

    Mar

  • 01

    Apr

  • 19

    Apr

DDS

Dillard's

$56.99

-0.01 (-0.02%)

, ISIL

Intersil

14:55
02/27/17
02/27
14:55
02/27/17
14:55
Hot Stocks
Dillard's to replace Intersil in S&P 400 as of 2/28 open »

Renesas Electronics Corp.…

DDS

Dillard's

$56.99

-0.01 (-0.02%)

ISIL

Intersil

03/08/13
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WRK

WestRock

$53.69

0.26 (0.49%)

14:54
02/27/17
02/27
14:54
02/27/17
14:54
Conference/Events
WestRock management to meet with Jefferies »

Meeting to be held in…

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  • 03

    Mar

GIG

GigPeak

$3.10

0.03 (0.98%)

14:52
02/27/17
02/27
14:52
02/27/17
14:52
Hot Stocks
Gardner Lewis reports new 8.6% stake in GigPeak »

Shares of GigPeak spiked…

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  • 04

    Apr

  • 05

    Apr

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