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ARI

Apollo Commercial

$16.01

0.24 (1.52%)

, AMTG

Apollo Residential Mortgage

06:17
10/13/16
10/13
06:17
10/13/16
06:17

Apollo Commercial upgraded to Market Perform from Underperform at Wells Fargo

Wells Fargo analyst Joel Houck upgraded Apollo Commercial to Market Perform citing book value accretion from the Apollo Residential Mortgage (AMTG) transaction. The analyst raised his price target range for the shares to $15.50-$16.50 from $15.00-$15.50.

ARI

Apollo Commercial

$16.01

0.24 (1.52%)

AMTG

Apollo Residential Mortgage

ARI Apollo Commercial
$16.01

0.24 (1.52%)

04/11/16
WELS
04/11/16
DOWNGRADE
WELS
Underperform
Apollo Commercial downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo analyst Joel Houck downgraded Apollo Commercial to Underperform following the release of his Q1 book value estimates. The analyst lowered his price target range for the shares to $14-$15 from $15-$16.
04/11/16
04/11/16
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. Goldcorp (GG) downgraded to Underperform at RBC Capital by analyst Stephen Walker, who said shares trade at a significant premium to Tier 1 peers and management needs to re-establish investor confidence in operations and strategy. 2. United Natural Foods (UNFI) downgraded to Underweight at Morgan Stanley with analyst Vincent Sinisi citing top line headwinds that are likely to persist. The analyst believes United Natural's core natural/organic packaged food distribution segments face pressure as segment growth shifts towards ore to "fresh" offerings. 3. Apollo Commercial (ARI) downgraded to Underperform at Wells Fargo by analyst Joel Houck following the release of his Q1 book value estimates. 4. UDR, Inc. (UDR) downgraded to Underperform at BofA/Merrill with analyst Jana Gala citing valuation and a weaker New York City leasing market. 5. Sonoco Products (SON) downgraded to Underperform at DA Davidson by analyst Steven Chercover, who cited 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.
04/15/16
04/15/16
NO CHANGE

Wells recommends long Blackstone Mortgage, short Apollo Commercial pair trade
Wells Fargo recommends that investors carry out a long Blackstone Mortgage (BXMT), short Apollo Commercial (ARI) pair trade. Blackstone Mortgage is trading at a 10% discount to its historic book value, while Apollo Commercial is trading roughly in-line with its historic book value ,according to the firm. If credit improves, Blackstone Mortgage's stock could rise, while Apollo Commercial is unlikely to increase significantly, according to the firm. Wells adds that Blackstone Mortgage's loan portfolio is less risky and includes fewer CMBS than that of Apollo Commercial.
04/21/16
JPMS
04/21/16
DOWNGRADE
Target $13.5
JPMS
Neutral
Apollo Residential Mortgage downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Richard Shane downgraded Apollo Residential Mortgage (AMTG) to Neutral citing the merger agreement with Apollo Commercial (ARI). The analyst raised his price target for the shares to $13.50 from $12.
AMTG Apollo Residential Mortgage

02/29/16
JMPS
02/29/16
NO CHANGE
JMPS
Apollo Commercial acquisition positive, says JMP Securities
After Apollo Commercial (ARI) agreed to buy residential mortgage REIT Apollo Residential Mortgage, Inc. (AMTG) for total consideration of $641M, JMP Securities says that the deal is a "win-win" for both entities. The firm thinks the deal shows that beaten down REITs can be acquired or draw activist intervention. It keeps an Outperform rating on Apollo Commercial.

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KBR

KBR

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SMMT

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TKPYY

Takeda Pharmaceutical Co. Ltd.

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FNBC

First NBC Bank

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PROV

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YGE

Yingli Green Energy

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EPC

Edgewell Personal Care

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

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AEP

American Electric

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ORC

Orchid Island Capital

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HBHC

Hancock Holding

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TSLA

Tesla

$314.07

5.44 (1.76%)

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LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

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BA

Boeing

$184.83

1.61 (0.88%)

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WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

, RAD

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$4.00

0.05 (1.27%)

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GE

General Electric

$28.99

-0.09 (-0.31%)

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SIX

Six Flags

$62.61

-0.26 (-0.41%)

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