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HPE

HP Enterprise

$22.40

-0.23 (-1.02%)

15:50
10/07/16
10/07
15:50
10/07/16
15:50

Defensive options block in H-P Enterprises

Defensive options block in H-P Enterprises. 10K Oct 22 puts for 35c when the bid-ask was 30 to 35c. The activity opens a position struck 1.7% below spot and expiring in two weeks, which will include several conference presentations and a Hewlett Packard Enterprises Analyst Meeting on 10/18.

  • 18

    Oct

  • 12

    Dec

HPE HP Enterprise
$22.40

-0.23 (-1.02%)

09/08/16
OPCO
09/08/16
NO CHANGE
Target $25
OPCO
Outperform
HP Enterprise spinoff unlocks 'further value,' says Oppenheimer
Oppenheimer analyst Ittai Kidron says HP Enterprise reported another quarter of "solid execution," despite the soft revenue due to macro and end-market demand. Additionally, the company announced the spinoff of its Software segment, which the analyst views positively as it unlocks further value, eliminates a growth headwind, and allows the company to focus on hardware solutions. Kidron remains positive on HP Enterprise long term, but notes that a second large transaction further clouds the fundamental view of the company post spinoffs, possibly limiting near-term upside. He reiterates an Outperform rating and $25 price target on the shares.
09/08/16
09/08/16
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. Apple (AAPL) downgraded to Market Perform from Outperform at Wells Fargo with analyst Maynard Um saying he views the risk/reward as balanced with the stock up 12% since Apple's earnings report on July 26. 2. Nike (NKE) downgraded to Neutral from Overweight at Piper Jaffray with analyst Erinn Murphy saying the resurgence of adidas (ADDYY) has taken a toll on Nike's growth rate in Germany, United Kingdom and France. 3. lululemon (LULU) downgraded to Hold from Buy at Jefferies with analyst Randal Konik saying the company's opportunity to grow its topline and expand operating margins are now largely factored into the stock. 4. Pier 1 Imports (PIR) downgraded to Underperform from Neutral at Credit Suisse, to Perform from Outperform at Oppenheimer, and to Market Perform from Strong Buy at Raymond James. 5. HP Enterprise (HPE) downgraded to Market Perform from Outperform at Wells Fargo with analyst Maynard Um citing a lack of near-term catalysts following the company's third quarter results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/16
UBSW
09/19/16
NO CHANGE
Target $25
UBSW
Buy
HP Enterprise shares remain inexpensive, says UBS
UBS analyst Steven Milunovich noted investors concerns about HP Enterprise competition and believes the company's divestiture of services and software leaves it primarily as a hardware supplier with servers. storage, and networking. The analyst said the company believes they can innovate in hardware and provide complete solutions through its extensive partnerships, but he is giving the edge to their competitors. That said, he still believes the shares are undervalued. Milunovich reiterated his Buy rating and $24.50 price target on HP Enterprise shares.
09/19/16
BERN
09/19/16
NO CHANGE
BERN
HP Enterprise could be acquired after spin off, says Bernstein
After HP Enterprise said that it would do a tax free spin-merge of its software unit, Bernstein analyst A.M. Sacconaghi, Jr says that the remaining company could be acquired, given its relatively small valuation and the fact that its CEO is 60, has been at the company six years and has political ambitions. The analyst says that all of the potential strategic buyers of the remaining company "appear to have stumbling blocks." He thinks that an acquisition by private equity "might be more likely," and he views such a transaction as "doable." He keeps a $24.50 price target and Outperform rating on the shares.

TODAY'S FREE FLY STORIES

BMS

Bemis

$44.90

-0.28 (-0.62%)

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ATUS

Altice USA

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  • 22

    Jun

BBRY

BlackBerry

$11.06

0.41 (3.85%)

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Finish Line

$12.73

0.23 (1.84%)

20:25
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$11.06

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  • 23

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NBRV

Nabriva Therapeutics

$10.50

1.19 (12.78%)

20:22
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  • 06

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WIX

Wix.com

$72.80

0.5 (0.69%)

20:20
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  • 28

    Jun

OCLR

Oclaro

$9.44

-0.1 (-1.05%)

20:19
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Initiation
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  • 22

    Jun

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ACIA

Acacia Communications

$41.64

0.65 (1.59%)

20:19
06/22/17
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20:19
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20:19
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Acacia Communications initiated at DA Davidson »

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  • 22

    Jun

  • 26

    Jun

LITE

Lumentum

$62.45

-0.05 (-0.08%)

20:19
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  • 22

    Jun

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    Jun

LEJU

Leju

$2.46

0.07 (2.93%)

20:05
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Leju rating change at JPMorgan »

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GCP

GCP Applied Technologies

$30.40

0.3 (1.00%)

20:04
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20:04
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GCP Applied Technologies rating change at KeyBanc »

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PHM

PulteGroup

$24.04

-0.24 (-0.99%)

19:58
06/22/17
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19:58
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PulteGroup initiated at Credit Suisse »

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DHI

D.R. Horton

$33.47

-0.5 (-1.47%)

19:58
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19:58
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CAA

CalAtlantic

$34.80

-0.34 (-0.97%)

19:57
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BZH

Beazer Homes

$13.01

0.03 (0.23%)

19:57
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MTH

Meritage Homes

$40.40

-0.4 (-0.98%)

19:57
06/22/17
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19:57
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TOL

Toll Brothers

19:57
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Toll Brothers initiated at Credit Suisse »

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LEN

Lennar

$52.41

-0.84 (-1.58%)

19:57
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KBH

KB Home

$22.23

-0.1 (-0.45%)

19:57
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  • 27

    Jun

MHK

Mohawk

$242.70

-0.22 (-0.09%)

19:27
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FBHS

Fortune Brands

$65.09

0.06 (0.09%)

19:27
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JELD

JELD-WEN Holding

$34.60

-0.29 (-0.83%)

19:26
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IBP

Installed Building Products

$52.75

-1 (-1.86%)

19:26
06/22/17
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Initiation
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OC

Owens Corning

$66.42

-0.85 (-1.26%)

19:26
06/22/17
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19:26
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Initiation
Owens Corning initiated at Credit Suisse »

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WHR

Whirlpool

$195.16

1.35 (0.70%)

19:26
06/22/17
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MAS

Masco

$38.82

0.06 (0.15%)

19:26
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