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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as of 5:00 p.m. on Tuesday, October 11, 2016, approximately 12,428 Shares have been validly tendered and not properly withdrawn.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

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$DJU

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DJX

Dow Jones Industrial Average

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XLK

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XLE

Energy Select Sector SPDR

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CC

Chemours

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XLY

Consumer Discretionary Sector SPDR

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XLB

S&P Select Materials SPDR

$53.68

-0.33 (-0.61%)

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XLU

Utilities SPDR

$52.97

-0.6 (-1.12%)

08:18
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XLP

Consumer Staples Sector SPDR

$55.23

-0.48 (-0.86%)

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IDXG

Interpace Diagnostics

$0.85

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, AET

Aetna

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IDXG

Interpace Diagnostics

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AET

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CBIO

Catalyst Biosciences

$4.47

-0.07 (-1.54%)

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  • 26

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XLV

Health Care Select Sector SPDR

$79.66

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IWM

iShares Trust Russell 2000 Index Fund

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DIA

Diamonds Fund ETF

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SPY

SPDR S&P 500 ETF Trust

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XLF

Financial Select Sector

$24.14

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SMH

Market Vectors Semiconductor

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NGVT

Ingevity

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  • 29

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QQQ

PowerShares QQQ Trust

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$COMP

Nasdaq Composite

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