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APC

Anadarko

$63.93

0.21 (0.33%)

, FCX

Freeport McMoRan

$10.05

0.18 (1.82%)

05:53
10/13/16
10/13
05:53
10/13/16
05:53

Anadarko upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank analyst Ryan Todd upgraded Anadarko Petroleum (APC) to Buy saying the company's Freeport McMoRan (FCX) transaction is "highly attractive" and addressed his primary concerns around its funding profile, growth and leverage. The analyst believes Anadarko's U.S. onshore assets are "best-in-class." Todd keeps a $77 price target for the shares.

APC

Anadarko

$63.93

0.21 (0.33%)

FCX

Freeport McMoRan

$10.05

0.18 (1.82%)

  • 25

    Oct

APC Anadarko
$63.93

0.21 (0.33%)

09/13/16
MACQ
09/13/16
NO CHANGE
Target $71
MACQ
Outperform
Anadarko price target raised to $71 from $61 at Macquarie
Macquarie analyst Paul Grigel raised Anadarko's price target to $71 from $61 to account for the Gulf of Mexico acquisition and higher pro forma production growth offset slightly by the equity raise. The analyst reiterates his Outperform and maintains Anadarko as our Top Pick in the US E&P space.
09/14/16
JANY
09/14/16
NO CHANGE
JANY
Anadarko deal positive for Western Gas, Genesis Energy, says Janney Capital
Janney Capital analyst Akil Marsh said he sees positive "read across" to Western Gas Partners (WES) and Western Gas Equity (WGP), as wells as to Genesis Energy (GEL), from Anadarko's (APC) $2B deal to buy deepwater Gulf of Mexico assets from Freeport McMoRan (FCX). Marsh explains that Western Gas should benefit from the increased likelihood of higher volumes while the improved long-term sustainability of drilling in these assets is good for Genesis' offshore pipelines.
09/16/16
JPMS
09/16/16
NO CHANGE
Target $70
JPMS
Overweight
Anadarko price target raised to $70 from $64 at JPMorgan
JPMorgan analyst Arun Jayaram raised his price target for Anadarko Petroleum (APC) to $70 citing accretion from the deepwater property acquisition and uplift from higher planned reinvestment into its U.S. onshore franchise assets. Acquiring Freeport McMoRan's (FCX) deepwater assets in the Gulf of Mexico is contrarian with a strong strategic fit, Jayaram tells investors in a research note. The analyst keeps an Overweight rating on Anadarko.
09/23/16
WELS
09/23/16
NO CHANGE
WELS
Anadarko deal positive, says Wells Fargo
After Anadarko agreed to a $2B deal to buy deepwater Gulf of Mexico assets from Freeport McMoRan (FCX), Wells Fargo likes the accretiveness of the .transaction and the strong cash flow it will produce. The firm is upbeat on the valuation of the deal which it believes will produce leverage benefits for the company. Wells raised its price target on Anadarko to $70-480 from $65-$75 and keeps an Outperform rating on the stock.
FCX Freeport McMoRan
$10.05

0.18 (1.82%)

10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Buy
Freeport McMoRan upgraded to Buy from Hold at Deutsche Bank
10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Buy
Barrick, Freeport, Pan American upgraded to Buy at Deutsche Bank
Deutsche Bank analyst Jorge Beristain noted that while commodity prices rallied in Q3 Metals & Mining companies continued to get their "financial houses in order" and he expects the trend to continue for the next few quarters. The analyst, who recommends investing in non-integrated companies as well as building Precious exposure, is upgrading several stocks in the sector, including Barrick Gold (ABX), Freeport McMoRan (FCX), Pan American Silver (PAAS), all to Buy from Hold. The analyst also upgraded a number of others in the sector to Hold from Sell this morning.
10/03/16
10/03/16
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. Dow Chemical (DOW) and DuPont (DD) were upgraded to Buy from Neutral at Citi with analyst P.J. Juvekar citing he opportunity presented by the proposed merger. 2. Freeport McMoRan (FCX), Barrick Gold (ABX), and Pan American Silver (PAAS) were upgraded to Buy from Hold at Deutsche Bank. 3. LogMeln (LOGM) upgraded to Overweight from Equal Weight at Barclays with analyst Raimo Lenschow saying the pending merger with Citrix's (CTXS) divested GoTo assets creates a "great new opportunity." 4. Halliburton (HAL) upgraded to Buy from Hold at Societe General. 5. Coty (COTY) upgraded to Buy from Neutral at BofA/Merrill with analyst Olivia Tong saying she believes Coty is at the beginning of a potential transformation with the pending closure of the P&G Beauty deal this week that could bring increased scale as well as a more targeted operational structure. 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

SNES

SenesTech

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  • 08

    Dec

09:05
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General news
U.S. equities are mildly firmer »

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CTWS

Connecticut Water

$56.08

0.46 (0.83%)

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    Dec

TROX

Tronox

$11.06

-0.16 (-1.43%)

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RTIX

RTI Surgical

$3.20

-0.1 (-3.03%)

09:03
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RTI Surgical says its C-Plus Peek IBF System now indicated for allograft use »

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IDSY

I.D. Systems

$4.70

-0.24 (-4.86%)

09:03
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Hot Stocks
I.D. Systems appoints Chris Wolfe as CEO »

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09:02
12/08/16
12/08
09:02
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09:02
Conference/Events
House Financial Services Committee to hold a hearing »

The Capital Markets &…

DL

China Distance Education

$12.34

0.62 (5.29%)

09:02
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China Distance Education revises share issuance plan on China's New Third Board »

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DUK

Duke Energy

$74.67

0.81 (1.10%)

09:01
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12/08
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Hot Stocks
Duke Energy Renewables acquires Colorado solar project »

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VMI

Valmont

$154.30

4.45 (2.97%)

08:59
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12/08
08:59
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08:59
Recommendations
Valmont analyst commentary  »

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  • 08

    Dec

REXR

Rexford Industrial

$22.41

0.41 (1.86%)

08:57
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12/08
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Hot Stocks
Rexford Industrial acquires industrial property for $24.4M, sells two for $19M »

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LULU

lululemon

$59.84

2.6 (4.54%)

, HZNP

Horizon Pharma

$19.39

-0.82 (-4.06%)

08:56
12/08/16
12/08
08:56
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08:56
Hot Stocks
On The Fly: Pre-market Movers »

UP AFTER EARNINGS:…

LULU

lululemon

$59.84

2.6 (4.54%)

HZNP

Horizon Pharma

$19.39

-0.82 (-4.06%)

AMD

AMD

$9.56

0.11 (1.16%)

TLRD

Tailored Brands

$18.93

0.62 (3.39%)

CTRV

ContraVir Pharmaceuticals

$1.99

-0.01 (-0.50%)

AVXL

Anavex

$3.73

-0.1 (-2.61%)

HRB

H&R Block

$23.34

0.65 (2.86%)

VYGR

Voyager Therapeutics

$13.73

-0.27 (-1.93%)

CMTL

Comtech

$12.75

0.77 (6.43%)

VRNT

Verint

$38.30

0.1 (0.26%)

VNCE

Vince Holding

$4.55

0.35 (8.33%)

CASY

Casey's General Stores

$124.22

1.14 (0.93%)

03/08/13
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  • 08

    Dec

  • 08

    Dec

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    Dec

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    Dec

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    Dec

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    Dec

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    Dec

  • 14

    Dec

  • 09

    Jan

F

Ford

$13.06

0.5 (3.98%)

, BAC

Bank of America

$22.57

0.41 (1.85%)

08:55
12/08/16
12/08
08:55
12/08/16
08:55
Options
Notable open interest changes for December 8th »

Wednesday's total…

F

Ford

$13.06

0.5 (3.98%)

BAC

Bank of America

$22.57

0.41 (1.85%)

AAPL

Apple

$111.03

1.08 (0.98%)

WFC

Wells Fargo

$57.28

1.73 (3.11%)

03/08/13
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03/08/13
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03/06/13
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  • 08

    Dec

  • 05

    Jan

  • 10

    Jan

  • 13

    Jan

  • 13

    Mar

08:55
12/08/16
12/08
08:55
12/08/16
08:55
General news
FX Action: The dollar »

FX Action: The dollar…

BHI

Baker Hughes

$66.14

-0.75 (-1.12%)

08:55
12/08/16
12/08
08:55
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08:55
Conference/Events
Baker Hughes to hold an investor meeting »

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  • 08

    Dec

CIEN

Ciena

$21.60

0.6 (2.86%)

08:54
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Hot Stocks
Ciena sees Q1 adjusted gross margin in mid-40's percentage range »

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  • 08

    Dec

CIEN

Ciena

$21.60

0.6 (2.86%)

08:51
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Hot Stocks
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  • 08

    Dec

AAPL

Apple

$111.03

1.08 (0.98%)

08:50
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08:50
Periodicals
Apple, Goldwind partner to supply clean energy in China, SCMP reports »

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  • 13

    Mar

08:50
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General news
The 10k initial claims drop to 258k »

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DRAM

Dataram

$1.27

0.07 (5.83%)

08:48
12/08/16
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08:48
Hot Stocks
Dataram acquisition targt U.S. Gold Corp. expands claims in Nevada »

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JCAP

Jernigan Capital

$20.21

-0.05 (-0.25%)

08:48
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08:48
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08:48
Syndicate
Jernigan Capital 2.65M share Spot Secondary priced at $19.00 »

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  • 08

    Dec

$DJT

DJ Transportation Average

08:47
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12/08
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Technical Analysis
DJ Transportation Average: Pivot points »

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SHIP

Seanergy Marine

$2.20

-0.1 (-4.35%)

08:47
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08:47
Syndicate
Seanergy Marine raises $15M in common stock and warrant offering »

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$DJU

DJ Utility Average

08:47
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Technical Analysis
DJ Utility Average: Pivot points »

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RDUS

Radius Health

$53.50

-1.51 (-2.75%)

08:47
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  • 08

    Dec

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