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BAM

Brookfield

$35.29

-0.305 (-0.86%)

, PSG

Performance Sports Group

$4.16

0.57 (15.88%)

12:24
10/11/16
10/11
12:24
10/11/16
12:24

Brookfield weighing bid for Performance Sports Group, Bloomberg reports

Brookfield Asset Management (BAM) is considering making an offer to acquire Performance Sports Group (PSG), Bloomberg reports, citing people familiar with the matter. Brookfield has accumulated a 13.2% stake in the maker of the Bauer and Easton brands in recent months, establishing the foundation for a formal acquisition bid for the company, the report says. The Canadian alternative asset manager is Performance Sports' second largest stakeholder behind Sagard Capital Partners, the report notes, citing data compiled by Bloomberg. Shares of Performance Sports Group are up 18.31% to $5.75 in early afternoon trading. Reference Link

BAM

Brookfield

$35.29

-0.305 (-0.86%)

PSG

Performance Sports Group

$4.16

0.57 (15.88%)

BAM Brookfield
$35.29

-0.305 (-0.86%)

05/24/16
KBWI
05/24/16
INITIATION
Target $41
KBWI
Outperform
Brookfield initiated with an Outperform at Keefe Bruyette
Keefe Bruyette analyst Ann Dai started Brookfield Asset Management with an Outperform rating and $41 price target.
09/21/16
RBCM
09/21/16
UPGRADE
RBCM
Top Pick
Brookfield upgraded to Top Pick from Outperform at RBC Capital
09/22/16
RBCM
09/22/16
UPGRADE
RBCM
Top Pick
Brookfield upgraded on execution, valuation at RBC Capital
As noted earlier, RBC Capital upgraded Brookfield to Top Pick from Outperform. Analyst Neil Downey says that the company is executing well, while its valuation is favorable compared with other names in the sector and it has key competitive advantages. Target $41.
09/22/16
09/22/16
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. Amazon.com (AMZN) upgraded to Buy from Hold at Argus with analyst Jim Kelleher saying he believes Amazon is currently growing and expanding margins faster than the stock price has been rising. 2. SeaWorld (SEAS) upgraded to Buy from Neutral at Citi with analyst Jason Bazinet saying the risk/reward looks attractive at current share levels. 3. Brookfield (BAM) upgraded to Top Pick from Outperform at RBC Capital with analyst Neil Downey saying the company is executing well, while its valuation is favorable compared with other names in the sector and it has key competitive advantages. 4. ON Semiconductor (ON) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Craig Hattenbach saying the Fairchild acquisition will add 16c to 2017 earnings and is less negative on ON Semiconductor shares given the upward bias to estimates. 5. Atwood Oceanics (ATW) upgraded to Neutral from Sell at Clarksons Platou. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PSG Performance Sports Group
$4.16

0.57 (15.88%)

08/16/16
WEDB
08/16/16
DOWNGRADE
WEDB
Neutral
Performance Sports Group downgraded on potential default at Wedbush
As noted earlier, Wedbush downgraded Performance Sports Group to Neutral from Outperform. Analyst James Hardiman says that the delay in the filing of the company's 10-K could cause it to default. The analyst notes that the company's credit facility agreement stipulates that it will be in technical default if its audited 10-K is not issued within two weeks from now, while it will be in full default if the document is not issued within 45 days. Target to $2.50 from $5.
08/16/16
DADA
08/16/16
DOWNGRADE
DADA
Neutral
Performance Sports Group downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Andrew Burns downgraded Performance Sports after the company delayed the filing of its 10-K. The analyst notes that the delay has caused the company to violate its debt covenants. Bruns says that he lacks confidence in the company's results and ability to finance its business going forward, making the stock too uncertain to recommend. Target to $2 from $12.
08/16/16
08/16/16
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. Hain Celestial (HAIN) downgraded to Equal Weight from Overweight at Barclays, to Neutral from Buy at SunTrust, to Underweight from Neutral at Piper Jaffray, and to Underweight from Neutral at Atlantic Equities. 2. JPMorgan (JPM), SunTrust (STI), and Regions Financial (RF) downgraded to Market Perform from Outperform at Bernstein. 3. Performance Sports Group (PSG) downgraded to Neutral from Outperform at Wedbush with analyst James Hardiman saying the delay in the filing of the company's 10-K could cause it to default. 4. Ocean Rig UDW (ORIG) downgraded to Hold from Buy at Deutsche Bank with analyst Mike Urban saying the company's restructuring is likely unfavorable for existing equity holders. 5. Alarm.com (ALRM) downgraded to Market Perform from Outperform at Raymond James with the firm citing valuation. 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
CHLM
09/19/16
INITIATION
Target $4
CHLM
Hold
Performance Sports Group initiated with a Hold at Craig-Hallum
Craig-Hallum initiated Performance Sports Group with a Hold and a $4 price target given near-term risks and and recommends waiting for stabilization within the market environment.

TODAY'S FREE FLY STORIES

TGT

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CSCO

Cisco

$34.26

-0.06 (-0.17%)

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YHOO

Yahoo

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0.16 (0.35%)

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PCLN

Priceline

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ROYT

Pacific Coast Oil

$1.94

0.02 (1.04%)

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Pacific Coast Oil rating change  »

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ACAT

Arctic Cat

$18.49

-0.01 (-0.05%)

, BDRBF

Bombardier

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Arctic Cat

$18.49

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Bombardier

$1.81

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PCLN

Priceline

$1,632.01

0.39 (0.02%)

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Priceline CFO: 'Hopeful' on promised Trump tax reform »

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PCLN

Priceline

$1,632.01

0.39 (0.02%)

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VTVT

vTv Therapeutics

$6.14

0.45 (7.91%)

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AAC

AAC Holdings

$7.59

0.01 (0.13%)

18:55
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Earnings
AAC Holdings sees FY17 adjusted EPS 50c-58c, consensus 72c »

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CSX

CSX

$48.71

0.23 (0.47%)

18:54
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CSX sees at least $160M charge from 'management streamlining' plan »

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AWK

American Water

$76.45

0.15 (0.20%)

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AAC

AAC Holdings

$7.59

0.01 (0.13%)

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MORN

Morningstar

$81.62

-0.1 (-0.12%)

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NOC

Northrop Grumman

$248.60

3.55 (1.45%)

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AAC

AAC Holdings

$7.59

0.01 (0.13%)

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MS

Morgan Stanley

$45.84

0.31 (0.68%)

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Morgan Stanley discloses erroneous client tax reporting, says in talks with IRS »

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MS

Morgan Stanley

$45.84

0.31 (0.68%)

, BK

BNY Mellon

$47.11

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Morgan Stanley (MS)…

MS

Morgan Stanley

$45.84

0.31 (0.68%)

BK

BNY Mellon

$47.11

0.02 (0.04%)

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OLN

Olin Corp.

$30.90

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WHLR

Wheeler REIT

$1.83

0.06 (3.39%)

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AHT

Ashford Hospitality

$6.80

0.39 (6.08%)

, FCH

Felcor Lodging

$7.33

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AHT

Ashford Hospitality

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FCH

Felcor Lodging

$7.33

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AINC

Ashford

$56.72

-0.28 (-0.49%)

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AHT

Ashford Hospitality

$6.80

0.39 (6.08%)

, FCH

Felcor Lodging

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FCH

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$7.33

0.25 (3.53%)

AINC

Ashford

$56.72

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WHLR

Wheeler REIT

$1.83

0.06 (3.39%)

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Wheeler REIT announces 1-for-8 reverse stock split »

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VTVT

vTv Therapeutics

$6.14

0.45 (7.91%)

18:18
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Earnings
vTv Therapeutics reports Q4 EPS (42c), consensus (44c) »

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DKL

Delek Logistics

$31.20

0.65 (2.13%)

18:10
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Delek Logistics targets 10% annual increase in distribution through 2019 »

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