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TWTR

Twitter

$24.87

1.35 (5.74%)

, CRM

Salesforce

$68.42

-4.21 (-5.80%)

08:04
10/06/16
10/06
08:04
10/06/16
08:04

Twitter could help Salesforce develop new product, says SunTrust

SunTrust analyst John Rizzuto says that Twitter (TWTR) could help Salesforce (CRM) develop an "information service" or "collaboration" cloud. The analyst says that the product would allow "Salesforce, partners and third parties to build next generation applications that could more readily integrate Twitter feeds and/or utilize Twitter and other external data sources with proprietary data sources." Rizzuto keeps a Neutral rating on Twitter and a Buy rating on Salesforce.

TWTR

Twitter

$24.87

1.35 (5.74%)

CRM

Salesforce

$68.42

-4.21 (-5.80%)

  • 30

    Nov

TWTR Twitter
$24.87

1.35 (5.74%)

10/05/16
BMOC
10/05/16
NO CHANGE
BMOC
Outperform
BMO says Salesforce's positive messages overshadowed by Twitter speculation
BMO Capital analyst Keith Bachman said the positive themes laid out by Salesforce (CRM) management at the company's Dreamforce event, such as guidance to reach $10B in FY18 revenues without inorganic sources of revenue, would traditionally help the stock. However, news reports, including the most recent from the Wall Street Journal, indicating that the company may buy Twitter (TWTR), will outweigh the "positive messages" of the event. If Salesforce were to buy Twitter, the stock would move meaningfully lower, Bachman predicted, but he also wonders if strategic buyers would then potentially consider buying Salesforce. The firm keeps its Outperform rating on Salesforce shares.
10/05/16
STFL
10/05/16
NO CHANGE
Target $93
STFL
Buy
Stifel still sees Salesforce acquisition of Twitter as 'highly unlikely'
Stifel analyst Tom Roderick notes that Salesforce (CRM) kicked off its annual Dreamforce User Conference yesterday amid reports that the company may be a potential suitor for Twitter (TWTR). The analyst still believes that a Salesforce acquisition of Twitter is "highly unlikely," both from a logistical standpoint and from a business model fit perspective. Regarding fundamentals, Roderick continues to view Salesforce as a leading driver of the enterprise shift to the Cloud, and sees no reason why that shouldn't continue to play out in the second half of 2017, in spite of recent concerns about the mid-year slowdown. He reiterates a Buy rating and $93 price target on Salesforce's shares.
10/06/16
SBSH
10/06/16
NO CHANGE
Target $89
SBSH
Buy
Citi says Salesforce buying Twitter 'nearly impossible' above $28/share
Citi analyst Walter Pritchard believes a Salesforce (CRM) acquisition of Twitter (TWTR) is possible financially but that such a deal would put "significant constraints" on the company for the next three-plus years. The analyst sees "very little reason" for Salesforce to own Twitter and feels the acquisition "would pose a difficult decision" for CEO Marc Benioff and the board. Salesforce closed yesterday down 6%, or $4.21, to $68.42. Recode reported last night that the company is likely the only bidder left for Twitter after Disney (DIS) and Alphabet (GOOG) opted not to pursue a deal while Apple (AAPL) is unlikely. Twitter in pre-market trading is down 14% to $21.50. In order for Salesforce to avoid a shareholder vote, it would have to borrow $7.5B to fund the transaction if Twitter were valued at $20B, or $27.50-$28 per share, Pritchard tells investors in a research note. This is a level that likely constrains the company with little additional borrowing capacity for other deals, the analyst contends. He thinks the deal is "nearly impossible to do" for Salesforce should the bidding for Twitter go above $20B or $28 per share. Pritchard has a Buy rating on Salesforce with an $89 price target.
10/06/16
MKMP
10/06/16
NO CHANGE
Target $93
MKMP
Buy
Salesforce acquisitions fears lowered but not eliminated, says MKM Partners
MKM Partners analyst Kevin Buttigieg said Salesforce (CRM) CEO Mark Benioff did not completely dispel investor fears of a Twitter (TWTR) acquisitions but likely dispelled their worst fears, indicating shares will likely firm near-term. Buttigieg believes Salesforce's message was that any asset has a price and the company is likely to bid for Twitter, but at a valuation much less than investors have previously feared and likely below the current share price. The analyst said either way, the likelihood of a Twitter acquisition has been reduced, but not eliminated, and any deal consummation will result in a negative share reaction for Salesforce shares given investor fears of a decline in Twitter's business and lack of a strategic fit. Buttigieg rates Salesforce a Buy with a $93 price target on shares.
CRM Salesforce
$68.42

-4.21 (-5.80%)

10/05/16
JPMS
10/05/16
NO CHANGE
Target $95
JPMS
Overweight
JPMorgan backs Overweight rating on Salesforce as Twitter speculation gears up
JPMorgan analyst Mark Murphy noted that speculation that Salesforce (CRM) could buy Twitter (TWTR) has ratcheted up into a higher gear, fueled by the latest report from the WSJ, and acknowledges the risk of a setback if the company goes forward with such a transformational M&A deal. However, he still views Salesforce as a "rare cloud asset" that can be a long-term share gainer and keeps an Overweight rating and $95 price target on the shares.
10/06/16
JEFF
10/06/16
NO CHANGE
Target $80
JEFF
Hold
Jefferies sees Twitter deal cutting Salesforce share value
Jefferies analyst John DiFucci estimates that a Twitter (TWTR) acquisition would reduce Salesforce (CRM) share value by $11.26 while increased debt would reduce the value by $9.50 to $20, depending on the price paid. The rationale for pursuing Twitter is unclear, DiFucci tells investors in a research note. Assuming no value for Twitter, dilution would reduce the value of Salesforce shares by $11.26 while increased debt would be at least another $9.50 reduction, the analyst contends. Including the value of Twitter, the analyst sees the value of Salesforce in the $60.29 to $70.70 per share range. DiFucci keeps a Hold rating on Salesforce.

TODAY'S FREE FLY STORIES

DGX

Quest Diagnostics

$110.14

0.44 (0.40%)

, WMT

Wal-Mart

$75.59

0.75 (1.00%)

15:12
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Recommendations
Quest Diagnostics, Wal-Mart analyst commentary  »

Raymond James positive on…

DGX

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WMT

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$75.59

0.75 (1.00%)

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NOV

National Oilwell

$31.84

0.2 (0.63%)

15:10
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06/26
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Options
Notable call writing in National Oilwell »

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    Jul

VTR

Ventas

$71.94

0.215 (0.30%)

15:07
06/26/17
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15:07
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Conference/Events
Ventas management to meet with RBC Capital »

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    Jun

MU

Micron

$32.50

0.765 (2.41%)

15:05
06/26/17
06/26
15:05
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Options
Micron call volume above normal and directionally bullish »

Bullish option flow…

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    Aug

MAR

Marriott

$104.06

0.17 (0.16%)

15:00
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06/26
15:00
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15:00
Conference/Events
Marriott management to meet with RBC Capital »

Meetings to be held in…

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  • 26

    Jun

AAPL

Apple

$146.28

0.65 (0.45%)

, HTZ

Hertz

$10.92

1.38 (14.47%)

14:54
06/26/17
06/26
14:54
06/26/17
14:54
Periodicals
Apple only leasing six cars from Hertz, CNBC says »

After Bloomberg reported…

AAPL

Apple

$146.28

0.65 (0.45%)

HTZ

Hertz

$10.92

1.38 (14.47%)

03/08/13
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  • 26

    Jun

NG

NovaGold

$4.50

-0.075 (-1.64%)

14:49
06/26/17
06/26
14:49
06/26/17
14:49
Options
NovaGold options imply 6.4% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 27

    Jun

AAPL

Apple

$146.28

0.65 (0.45%)

, HTZ

Hertz

$10.84

1.3002 (13.63%)

14:47
06/26/17
06/26
14:47
06/26/17
14:47
Periodicals
Hertz to manage small self-driving car fleet for Apple, Bloomberg says »

Apple (AAPL) is leasing a…

AAPL

Apple

$146.28

0.65 (0.45%)

HTZ

Hertz

$10.84

1.3002 (13.63%)

GOOG

Alphabet

$965.59

8.5 (0.89%)

GOOGL

Alphabet Class A

$986.09

9.47 (0.97%)

CAR

Avis Budget

$24.24

1.23 (5.35%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 26

    Jun

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    Jul

OTIC

Otonomy

$18.75

1 (5.63%)

14:46
06/26/17
06/26
14:46
06/26/17
14:46
Conference/Events
Otonomy to hold a breakfast meeting »

Chief Scientific Officer…

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DGX

Quest Diagnostics

$110.05

0.345 (0.31%)

, WMT

Wal-Mart

$75.61

0.77 (1.03%)

14:44
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06/26
14:44
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14:44
Hot Stocks
Quest Diagnostics, Wal-Mart team up to offer healthcare services »

Quest Diagnostics (DGX)…

DGX

Quest Diagnostics

$110.05

0.345 (0.31%)

WMT

Wal-Mart

$75.61

0.77 (1.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 30

    Jul

EBSB

Meridian Bancorp

14:43
06/26/17
06/26
14:43
06/26/17
14:43
Upgrade
Meridian Bancorp rating change  »

Meridian Bancorp upgraded…

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AMD

AMD

$14.17

-0.21 (-1.46%)

, INTC

Intel

$34.19

-0.17 (-0.49%)

14:43
06/26/17
06/26
14:43
06/26/17
14:43
Recommendations
AMD, Intel analyst commentary  »

Goldman reiterates Sell…

AMD

AMD

$14.17

-0.21 (-1.46%)

INTC

Intel

$34.19

-0.17 (-0.49%)

03/08/13
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03/06/13
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03/06/13
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  • 26

    Jun

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    Aug

KTOV

Kitov Pharmaceuticals

$1.71

-0.01 (-0.58%)

, PRXL

Parexel

$86.80

-0.31 (-0.36%)

14:41
06/26/17
06/26
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14:41
Hot Stocks
Kitov sees formal filing of NDA for KIT-302 by end of Q3 »

Kitov Pharmaceuticals…

KTOV

Kitov Pharmaceuticals

$1.71

-0.01 (-0.58%)

PRXL

Parexel

$86.80

-0.31 (-0.36%)

03/08/13
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  • 26

    Jun

RAD

Rite Aid

$3.93

0.8199 (26.36%)

14:40
06/26/17
06/26
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Options
Heavy trading in RiteAid as shares surge »

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14:40
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General news
Treasury Action: yields remain slightly lower »

Treasury Action: yields…

EVLV

EVINE Live

$1.04

-0.03 (-2.80%)

14:39
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Conference/Events
EVINE Live management to meet with Craig-Hallum »

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EVLV

EVINE Live

$1.04

-0.03 (-2.80%)

14:38
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Conference/Events
EVINE Live management to meet with B. Riley »

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  • 28

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HTZ

Hertz

$10.19

0.65 (6.81%)

14:36
06/26/17
06/26
14:36
06/26/17
14:36
Technical Analysis
Technical View: Hertz spikes higher, levels to watch »

The shares were last at…

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AMAG

AMAG Pharmaceuticals

$18.35

0.15 (0.82%)

14:36
06/26/17
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14:36
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Recommendations
AMAG Pharmaceuticals analyst commentary  »

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FN

Fabrinet

$45.60

5.58 (13.94%)

14:30
06/26/17
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Options
Timely call activity in Fabrinet »

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  • 26

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AAPL

Apple

$146.28

0.65 (0.45%)

, HTZ

Hertz

$10.24

0.7 (7.34%)

14:26
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Periodicals
Breaking Periodicals news story on Apple, Hertz »

Hertz to manage small…

AAPL

Apple

$146.28

0.65 (0.45%)

HTZ

Hertz

$10.24

0.7 (7.34%)

03/08/13
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03/08/13
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03/06/13
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  • 26

    Jun

GM

General Motors

$34.49

0.29 (0.85%)

14:25
06/26/17
06/26
14:25
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Conference/Events
General Motors to host a conference call »

EVP & CFO Chuck…

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  • 26

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  • 25

    Jul

T

AT&T

$38.15

0.2001 (0.53%)

14:20
06/26/17
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14:20
Options
Calendar call spread in AT&T rolls short position from July to September »

Calendar call spread in…

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14:19
06/26/17
06/26
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General news
Averages mixed but internals strong »

The averages remain mixed…

$NSD

NASDAQ Market Internals

14:17
06/26/17
06/26
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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