Breaking News Instant updates and real-time market news.

KLAC

KLA-Tencor

$71.21

0.91 (1.29%)

, LRCX

Lam Research

$96.17

1.34 (1.41%)

07:34
10/06/16
10/06
07:34
10/06/16
07:34

JPMorgan recommends buying KLA-Tencor after merger termination

JPMorgan analyst Harlan Sur says that while the terminated merger is "disappointing for both parties," both KLA-Tencor (KLAC) and Lam Research (LRCX) are undervalued on a standalone basis. The analyst expects KLA-Tencor to be "aggressive buyers" of its own stock. He sees share upside to the $85-$90 range and keeps an Overweight rating on the name. Sur recommends buying the shares.

KLAC

KLA-Tencor

$71.21

0.91 (1.29%)

LRCX

Lam Research

$96.17

1.34 (1.41%)

  • 06

    Oct

  • 19

    Oct

  • 18

    Nov

KLAC KLA-Tencor
$71.21

0.91 (1.29%)

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.
10/06/16
RILY
10/06/16
UPGRADE
Target $86
RILY
Buy
KLA-Tencor upgraded to Buy from Neutral at B. Riley
B. Riley analyst Craig Ellis upgraded KLA-Tencor (KLAC) to Buy and raised his price target for the shares to $86 from $78 after the company discontinued its proposed merger with Lam Research (LRCX).
10/06/16
RBCM
10/06/16
NO CHANGE
RBCM
Lam Research outlook still positive after merger terminated, says RBC Capital
After Lam Research (LRCX) and KLA-Tencor (KLAC) announced that their merger had been terminated, RBC Capital analyst Amit Daryanani remains upbeat on Lam's outlook as a standalone entity. He expects the company to benefit from strong 3D-NAND spending in 2017, and he keeps a $105 price target and Outperform rating on the stock.
LRCX Lam Research
$96.17

1.34 (1.41%)

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.
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

BHI

Baker Hughes

$59.29

0.64 (1.09%)

07:43
04/26/17
04/26
07:43
04/26/17
07:43
Recommendations
Baker Hughes analyst commentary  »

Baker Hughes price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Apr

SYBT

S.Y. Bancorp

$42.30

0.85 (2.05%)

07:43
04/26/17
04/26
07:43
04/26/17
07:43
Earnings
S.Y. Bancorp reports Q1 EPS 47c, consensus 45c »

Reports Q1 book value per…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Apr

  • 03

    May

CBOE

CBOE Holdings

$84.16

0.32 (0.38%)

07:43
04/26/17
04/26
07:43
04/26/17
07:43
Syndicate
CBOE Holdings 2.25M share Block Trade; price range $83.25-$83.75 »

Jefferies is acting as…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    May

FCAU

Fiat Chrysler

$10.54

-0.02 (-0.19%)

07:43
04/26/17
04/26
07:43
04/26/17
07:43
Earnings
Fiat Chrysler reports Q1 adjusted EBIT EU1.54B, consensus EU1.44B »

Reports Q1 revenues of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TSS

TSYS

$54.31

0.5 (0.93%)

07:42
04/26/17
04/26
07:42
04/26/17
07:42
Recommendations
TSYS analyst commentary  »

TSYS price target raised…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ERJ

Embraer

$19.45

-0.3083 (-1.56%)

07:42
04/26/17
04/26
07:42
04/26/17
07:42
Periodicals
Embraer partners with Uber to develop electric vehicles, Reuters reports »

Brazilian planemaker…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SLGN

Silgan Holdings

$60.10

0.24 (0.40%)

07:41
04/26/17
04/26
07:41
04/26/17
07:41
Earnings
Silgan Holdings raises FY17 adj. EPS view to $3.20-$3.40 from $3.15-$3.35 »

Silgan Holdings increased…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 09

    May

SAH

Sonic Automotive

07:41
04/26/17
04/26
07:41
04/26/17
07:41
Earnings
Sonic Automotive reports Q1 adjusted EPS 23c, consensus 23c »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

  • 03

    May

  • 20

    Jun

MMM

3M

07:40
04/26/17
04/26
07:40
04/26/17
07:40
Recommendations
3M analyst commentary  »

3M price target raised to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    May

  • 31

    May

07:40
04/26/17
04/26
07:40
04/26/17
07:40
General news
FX Update: The yen rebounded from fresh lows »

FX Update: The yen…

SLGN

Silgan Holdings

$60.10

0.24 (0.40%)

07:39
04/26/17
04/26
07:39
04/26/17
07:39
Earnings
Breaking Earnings news story on Silgan Holdings »

Silgan Holdings sees Q2…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 09

    May

IMAX

IMAX

07:39
04/26/17
04/26
07:39
04/26/17
07:39
Hot Stocks
IMAX and PVR Cinemas sign agreement for five theaters in India »

IMAX and PVR, the largest…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AEL

American Equity

$24.63

0.53 (2.20%)

07:38
04/26/17
04/26
07:38
04/26/17
07:38
Initiation
American Equity initiated  »

American Equity initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 04

    May

EADSY

Airbus

$20.22

0.2 (1.00%)

07:38
04/26/17
04/26
07:38
04/26/17
07:38
Periodicals
China Southern to buy $6B in widebody jets from Airbus, Bloomberg reports »

China Southern Airlines…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SLGN

Silgan Holdings

$60.10

0.24 (0.40%)

07:38
04/26/17
04/26
07:38
04/26/17
07:38
Earnings
Silgan Holdings reports Q1 adj. EPS 62c, consensus 54c »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 09

    May

TROW

T. Rowe Price

$69.59

-3.04 (-4.19%)

07:38
04/26/17
04/26
07:38
04/26/17
07:38
Downgrade
T. Rowe Price rating change  »

T. Rowe Price downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

TOSBF

Toshiba, also use TOSYY

$1.96

0.024 (1.24%)

, TOSYY

Toshiba, also use TOSBF

$11.76

0.27 (2.35%)

07:38
04/26/17
04/26
07:38
04/26/17
07:38
Periodicals
Toshiba plans to replace auditor PwC, Reuters says »

Toshiba is planning to…

TOSBF

Toshiba, also use TOSYY

$1.96

0.024 (1.24%)

TOSYY

Toshiba, also use TOSBF

$11.76

0.27 (2.35%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MCD

McDonald's

$141.70

7.47 (5.57%)

07:38
04/26/17
04/26
07:38
04/26/17
07:38
Recommendations
McDonald's analyst commentary  »

McDonald's price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    May

BA

Boeing

$183.51

1.45 (0.80%)

07:38
04/26/17
04/26
07:38
04/26/17
07:38
Hot Stocks
Boeing backs FY17 CapEx view approximately $2.3B »

Cuts FY17 effective tax…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 31

    May

ESRX

Express Scripts

$60.01

-7.24 (-10.77%)

, ANTM

Anthem

$172.46

4.05 (2.40%)

07:37
04/26/17
04/26
07:37
04/26/17
07:37
Recommendations
Express Scripts, Anthem analyst commentary  »

Express Scripts should be…

ESRX

Express Scripts

$60.01

-7.24 (-10.77%)

ANTM

Anthem

$172.46

4.05 (2.40%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 18

    May

  • 06

    Jun

OC

Owens Corning

$62.22

0.1 (0.16%)

07:37
04/26/17
04/26
07:37
04/26/17
07:37
Hot Stocks
Owens Corning continues to see general corporate expenses $120M-$130M »

Owens Corning continues…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BA

Boeing

$183.51

1.45 (0.80%)

07:36
04/26/17
04/26
07:36
04/26/17
07:36
Hot Stocks
Breaking Hot Stocks news story on Boeing »

Boeing backs FY17…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 31

    May

CREE

Cree

$24.82

0.07 (0.28%)

07:36
04/26/17
04/26
07:36
04/26/17
07:36
Recommendations
Cree analyst commentary  »

Cowen remains cautious on…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    May

HES

Hess Corp.

$48.64

0.98 (2.06%)

07:36
04/26/17
04/26
07:36
04/26/17
07:36
Earnings
Hess Corp. reports Q1 EPS ($1.07), consensus ($1.05) »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

BA

Boeing

$183.51

1.45 (0.80%)

07:36
04/26/17
04/26
07:36
04/26/17
07:36
Earnings
Boeing backs FY17 revenue view $90.5B-92.5B, consensus $92.08B »

Backs FY17 operating cash…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 31

    May

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.