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NWL

Newell Brands

$50.34

-1 (-1.95%)

, SWK

Stanley Black & Decker

$117.66

-4.02 (-3.30%)

08:38
10/12/16
10/12
08:38
10/12/16
08:38

Newell should be able to offset dilution from Tools sale, says RBC Capital

RBC Capital analyst Nik Modi said the EPS dilution from Newell Brands' (NWL) sale of its Tools business to Stanley Black & Decker (SWK) came in slightly ahead of his expectations, but he believes Newell will be more than able to offset this through accelerated synergy realization and/or strategic, bolt-on M&A. Modi, who believes Newell ultimately can achieve up to $750M in synergies, keeps a Top Pick rating on Newell shares.

NWL

Newell Brands

$50.34

-1 (-1.95%)

SWK

Stanley Black & Decker

$117.66

-4.02 (-3.30%)

  • 27

    Oct

  • 28

    Oct

  • 17

    Nov

NWL Newell Brands
$50.34

-1 (-1.95%)

05/19/16
RBCM
05/19/16
NO CHANGE
RBCM
Newell Brands new CFO has several positive attributes, says RBC Capital
RBc Capital believes that Newell's (NWL) new CFO, Ralph Nicoletti, will bring "increased financial discipline," a focus on total shareholder returns, "and a very analytical, research driven approach to decision making and strategy" to the position. The firm notes that some investors have been concerned about the 36% underperformance by Tiffany's (TIF) stock during his tenrue at that company. However, RBC says that Tiffany's results have always been "volatile," particularly recently due to macro issues. RBC says that the shares of Alberto-Culver and Cigna (CI) outperformed during Nicoletti's stints as CFO of those companies. RBC keeps a $60 price target and Top Pick rating on Newell.
08/01/16
UBSW
08/01/16
NO CHANGE
Target $59
UBSW
Buy
Newell Brands investor concerns over growth abating, says UBS
UBS said as Newell Brands investors concerns abate, their attention will turn to the long-term. The firm tweaked its growth forecast but raised its earnings forecast to reflect the company's underlying strength, better margin mix, and sales leverage benefits. UBS reiterated its Buy rating and raised its price target to $59 from $55 on Newell Brands shares.
08/01/16
MSCO
08/01/16
NO CHANGE
MSCO
Overweight
Newell Brands reiterated as a Top pIck at Morgan Stanley
Morgan Stanley analyst Dara Mohsenian said Newell Brands' valuation does not reflect growth opportunities post the Jarden deal. The analyst believes Newall's market share gains are sustainable and sees substantial earnings upside for the combined entity. Mohsenian reiterates Newall as an Overweight and Top Pick with plenty of room for multiple expansion.
09/14/16
JEFF
09/14/16
NO CHANGE
Target $66
JEFF
Buy
Newell Brands remains a top pick at Jefferies
Jefferies analyst Kevin Grundy says his regional market analysis suggests that Yankee Candle can double sales to $2B over the next six-to-seven years. He believes shares of Newell Brands remain undervalued and expects consensus estimates to move higher. The analyst calls the stock a top pick with a Buy rating and $66 price target.
SWK Stanley Black & Decker
$117.66

-4.02 (-3.30%)

07/19/16
CLVD
07/19/16
NO CHANGE
CLVD
Stanley Black & Decker Q2 tool deman appears softer, says Cleveland Research
07/25/16
ZELM
07/25/16
DOWNGRADE
ZELM
Hold
Stanley Black & Decker downgraded to Hold from Buy at Zelman
08/22/16
LBOW
08/22/16
DOWNGRADE
LBOW
Neutral
Stanley Black & Decker downgraded to Neutral from Buy at Longbow
Longbow analyst David MacGregor downgraded Stanley Black & Decker to Neutral siting balanced risk/reward as shares are up 35% since mid-Q1 2016.
08/22/16
08/22/16
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. Workday (WDAY) downgraded to Mixed from Positive at OTR Global and to Hold from Buy at Needham with Needham analyst Scott Berg citing industry checks that indicate second quarter billings upside will be limited and Financials sales remain challenging. 2. Garmin (GRMN) downgraded to Market Perform from Outperform at Raymond James with analyst Tavis McCourt citing valuation. 3. Urban Outfitters (URBN) downgraded to Neutral from Buy at Goldman with analyst Lindsay Drucker Mann saying Urban has successfully turned around the UO brand and is near-peak operating performance, leaving less room for meaningful improvement from here. 4. Stanley Black & Decker (SWK) downgraded to Neutral from Buy at Longbow with analyst David MacGregor citing balanced risk/reward as shares are up 35% since mid-first quarter. 5. Madison Square Garden (MSG) downgraded to Hold from Buy at Jefferies with the firm citing valuation and lack of near-term catalysts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SAP

SAP

$102.13

0.75 (0.74%)

07:45
04/26/17
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07:45
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  • 24

    May

FCAU

Fiat Chrysler

$10.54

-0.02 (-0.19%)

07:44
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Earnings
Fiat Chrysler confirms FY17 guidance for revenue, EBIT »

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BHI

Baker Hughes

$59.29

0.64 (1.09%)

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

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  • 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…

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  • 27

    Apr

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    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
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  • 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
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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…

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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
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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
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  • 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
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  • 02

    May

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    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
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  • 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
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  • 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…

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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…

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  • 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
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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 »

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  • 26

    Apr

  • 09

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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  »

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  • 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
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03/06/13
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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  »

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  • 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
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  • 26

    Apr

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    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
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  • 26

    Apr

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  • 06

    Jun

OC

Owens Corning

$62.22

0.1 (0.16%)

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

Owens Corning continues…

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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
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  • 26

    Apr

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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
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  • 09

    May

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