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FDML

Federal-Mogul

$9.64

0.08 (0.84%)

, IEP

Icahn Enterprises

$47.01

-0.72 (-1.51%)

16:19
10/12/16
10/12
16:19
10/12/16
16:19

IEH announces extension offer for all outstanding shares of Federal-Mogul

Icahn Enterprises (IEP) announced an extension of its cash tender offer through its wholly owned subsidiary, IEH FM Holdings, IEH, for all of the outstanding shares of common stock of Federal-Mogul Holdings Corporation (FDML) not already owned by IEH for $9.25 per Share. IEH is extending the Offer to 12:00 midnight, New York City time, on October 28, 2016. All other terms and conditions of the Offer, including the offer price of $9.25 per Share, remain unchanged. The depositary and paying agent for the Offer has informed IEH and Federal-Mogul that, as of 5:00 p.m. on Tuesday, October 11, 2016, approximately 12,428 Shares have been validly tendered and not properly withdrawn.

FDML

Federal-Mogul

$9.64

0.08 (0.84%)

IEP

Icahn Enterprises

$47.01

-0.72 (-1.51%)

  • 26

    Oct

FDML Federal-Mogul
$9.64

0.08 (0.84%)

10/29/15
GABE
10/29/15
UPGRADE
GABE
Buy
Federal-Mogul upgraded to Buy from Hold at Gabelli
10/29/15
10/29/15
UPGRADE

On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ametek (AME) upgraded to Buy from Neutral at BofA/Merrill... AutoNation (AN) upgraded to Buy from Hold at Gabelli... Centrica (CPYYY) upgraded to Buy from Neutral at Citi... Crescent Point Energy (CPG) upgraded to Overweight from Equal Weight at Barclays... CytoSorbents (CTSO) upgraded to Buy from Speculative Buy at WBB Securities... Diageo (DEO) upgraded to Outperform from Neutral at Credit Suisse... Domino's Pizza (DPZ) upgraded to Conviction Buy from Buy at Goldman... Echo Global (ECHO) upgraded to Buy from Hold at BB&T... EverBank (EVER) upgraded to Buy from Hold at Maxim... Federal-Mogul (FDML) upgraded to Buy from Hold at Gabelli... Garmin (GRMN) upgraded to Neutral from Sell at Citi... Generac (GNRC) upgraded to Neutral from Underperform at BofA/Merrill... LifeLock (LOCK) upgraded to Buy from Hold at Wunderlich... Melco Crown (MPEL) upgraded to Equal Weight from Underweight at Morgan Stanley... Novadaq (NVDQ) upgraded to Overweight from Equal-Weight at First Analysis... Pattern Energy (PEGI) upgraded to Buy from Neutral at BofA/Merrill... SCANA (SCG) upgraded to Outperform from Neutral at Macquarie... Signet Jewelers (SIG) upgraded to Conviction Buy from Buy at Goldman... Snyder's-Lance (LNCE) upgraded to Buy from Hold at BB&T... Sonus (SONS) upgraded to Outperform from Market Perform at Northland... Synchronoss (SNCR) upgraded to Strong Buy from Outperform at Raymond James.
IEP Icahn Enterprises
$47.01

-0.72 (-1.51%)

08/18/16
UBSW
08/18/16
DOWNGRADE
Target $30
UBSW
Sell
Icahn Enterprises downgraded to Sell from Neutral at UBS
UBS analyst Brennan Hawken downgraded Icahn Enterprises (IEP) to Sell saying the company's net asset value, despite declining 49% since Q2 of 2015, seems to include optimistic valuations. Icahn uses public comps to value its Tropicana and Viskase (VKSC) holdings rather than using the stocks' publicly traded market values, Hawken tells investors in a research note. He views the public market price as a more valid indicator of fair value. The analyst cut his price target for Icahn Enterprises to $30 from $52. The holding company which Carl Icahn chairs closed yesterday down $1.54 to $58.36.
08/18/16
08/18/16
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. Twitter (TWTR) downgraded to Sell from Hold at Evercore ISI with analyst Ken Sena saying he sees "more risk than reward" ahead of Snapchat's anticipated monetization ramp this fall. 2. Ambev (ABEV) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Jeronimo De Guzman saying valuation is full and sees difficult near-term trends ahead given lower disposable income, volume weakness, and lower realized pricing. 3. Icahn Enterprises (IEP) downgraded to Sell from Neutral at UBS saying the company's net asset value, despite declining 49% since second quarter of 2015, seems to include optimistic valuations. 4. Cerulean (CERU) downgraded to Neutral from Buy at Janney Capital, to Market Perform from Outperform at Leerink, and to Market Perform from Outperform at JMP Securities. 5. Magellan Midstream (MMP) downgraded to Underweight at Morgan Stanley with analysts led by Tom Abrams citing a relatively high valuation as the number of lower multiple investment choices has increased. 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

CHDN

Churchill Downs

$169.35

-0.35 (-0.21%)

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Churchill Downs announces new $250M stock repurchase program »

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  • 25

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TXN

Texas Instruments

$82.37

1.29 (1.59%)

16:34
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Texas Instruments reports inventory at end of Q1 at 132 days »

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EQR

Equity Residential

$64.93

0.73 (1.14%)

16:34
04/25/17
04/25
16:34
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16:34
Earnings
Equity Residential sees Q2 normalized FFO 75c-79c »

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JNPR

Juniper

$27.78

-0.49 (-1.73%)

16:33
04/25/17
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Technical Analysis
Juniper nears 52-week high after results »

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  • 25

    Apr

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    Jun

EQR

Equity Residential

$64.93

0.73 (1.14%)

16:33
04/25/17
04/25
16:33
04/25/17
16:33
Earnings
Equity Residential reports Q1 normalized FFO 74c vs. 76c last year »

Reports Q1 EPS 39c,…

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  • 26

    Apr

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TXN

Texas Instruments

$82.37

1.29 (1.59%)

16:33
04/25/17
04/25
16:33
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16:33
Hot Stocks
Texas Instruments reports cash flow from operations $4.8B for trailing 12 months »

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  • 25

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PEI

Pennsylvania REIT

$14.59

-0.01 (-0.07%)

16:33
04/25/17
04/25
16:33
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16:33
Hot Stocks
Pennsylvania REIT reports Q1 same Store NOI was flat compared to prior year »

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  • 26

    Apr

OKSB

Southwest Bancorp

$25.75

0.2 (0.78%)

16:33
04/25/17
04/25
16:33
04/25/17
16:33
Earnings
Breaking Earnings news story on Southwest Bancorp »

Southwest Bancorp reports…

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  • 25

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PEI

Pennsylvania REIT

$14.59

-0.01 (-0.07%)

16:33
04/25/17
04/25
16:33
04/25/17
16:33
Earnings
Pennsylvania REIT reports Q1 EPS (10c), consensus (8c) »

Reports Q1 revenue…

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  • 26

    Apr

CLGX

CoreLogic

$41.96

-0.14 (-0.33%)

16:32
04/25/17
04/25
16:32
04/25/17
16:32
Earnings
CoreLogic reports Q1 adjusted EPS 37c, consensus 39c »

Reports Q1 revenue $440M,…

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  • 26

    Apr

TXN

Texas Instruments

$82.37

1.29 (1.59%)

16:32
04/25/17
04/25
16:32
04/25/17
16:32
Hot Stocks
Breaking Hot Stocks news story on Texas Instruments »

Texas Instruments reports…

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  • 25

    Apr

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    May

TXN

Texas Instruments

$82.37

1.29 (1.59%)

16:32
04/25/17
04/25
16:32
04/25/17
16:32
Earnings
Texas Instruments sees Q2 EPS 89c-$1.01, consensus 91c »

Sees Q2 revenue…

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  • 25

    Apr

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JNS

Janus Capital

$13.45

0.02 (0.15%)

16:32
04/25/17
04/25
16:32
04/25/17
16:32
Hot Stocks
Janus Capital shareholders approve merger with Henderson Group »

Janus Capital Group…

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  • 25

    Apr

TRMK

Trustmark

$32.97

0.14 (0.43%)

16:31
04/25/17
04/25
16:31
04/25/17
16:31
Earnings
Trustmark reports Q1 EPS 46c, consensus 41c »

Reports Q1 revenue…

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  • 25

    Apr

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X

U.S. Steel

$31.11

-0.09 (-0.29%)

16:31
04/25/17
04/25
16:31
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16:31
Hot Stocks
U.S. Steel drops over 15% in after-hours following earnings report »

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  • 26

    Apr

16:31
04/25/17
04/25
16:31
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Options
Preliminary option volume of 19.4M today »

Preliminary option volume…

TXN

Texas Instruments

$82.37

1.29 (1.59%)

16:30
04/25/17
04/25
16:30
04/25/17
16:30
Earnings
Texas Instruments reports Q1 EPS 97c, consensus 83c »

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  • 25

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CHSP

Chesapeake Lodging

$24.70

0.29 (1.19%)

16:29
04/25/17
04/25
16:29
04/25/17
16:29
Earnings
Chesapeake Lodging sees Q2 AFFO 60c-64c »

Sees Q2 EPS 27c-30c,…

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  • 25

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TGI

Triumph Group

$26.20

-0.05 (-0.19%)

16:29
04/25/17
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Triumph Group, VAS Aero collaborate on PW4168 Nacelles »

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JNPR

Juniper

$27.78

-0.49 (-1.73%)

16:28
04/25/17
04/25
16:28
04/25/17
16:28
Earnings
Juniper reports preliminary Q1 EPS 46c, consensus 42c »

Reports preliminary Q1…

03/08/13
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  • 25

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CHSP

Chesapeake Lodging

$24.70

0.29 (1.19%)

16:28
04/25/17
04/25
16:28
04/25/17
16:28
Earnings
Chesapeake Lodging backs FY17 adjusted FFO $2.10-$2.20 »

Backs FY17 EPS 73c-83c,…

03/08/13
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03/08/13
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03/06/13
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  • 25

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ARCW

ARC Group

$3.85

0.05 (1.32%)

16:28
04/25/17
04/25
16:28
04/25/17
16:28
Hot Stocks
Breaking Hot Stocks news story on ARC Group »

Northern Right Capital…

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CHSP

Chesapeake Lodging

$24.70

0.29 (1.19%)

16:27
04/25/17
04/25
16:27
04/25/17
16:27
Earnings
Chesapeake Lodging reports Q1 adjusted FFO 41c »

Reports Q1 EPS 9c,…

03/08/13
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  • 25

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BXMT

Blackstone Mortgage

$30.91

0.28 (0.91%)

16:26
04/25/17
04/25
16:26
04/25/17
16:26
Earnings
Blackstone Mortgage reports Q1 core EPS 61c, consensus 63c »

Reports book value of…

03/08/13
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CCUR

Concurrent

$4.94

0.0626 (1.28%)

16:26
04/25/17
04/25
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04/25/17
16:26
Hot Stocks
Concurrent announces availability of Origin Release 3 »

Concurrent announces the…

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