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MENT

Mentor Graphics

$27.23

0.14 (0.52%)

14:01
10/13/16
10/13
14:01
10/13/16
14:01

Mentor Graphics rises following report of hiring advisor for review

Shares of Mentor Graphics (MENT) have jumped in afternoon trading following a report that indicates the company has hired an advisor to conduct a strategic review process. The company, which has been under pressure from activist investor Elliott Management, has hired a bank to help with a review, according to Street Insider, citing a source. Shares of Mentor Graphics are up 2.4% to $27.87 in afternoon trading.

MENT Mentor Graphics
$27.23

0.14 (0.52%)

02/22/16
02/22/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on the today's top five analyst upgrades with this list compiled by The Fly: 1. CSX (CSX) upgraded to Buy from Neutral at BofA/Merrill by analyst Ken Hoexter, who also increased his price target to $28 from $25. He said overall industry volume comps begin to get easier beginning in April and believes CSX's multiple should expand as volume stabilize and coal pressures subside. Hoexter also upgraded Knight Transportation (KNX) and Swift Transport (SWFT) to Buy from Neutral and Werner (WERN) and Genesee & Wyoming (GWR) upgraded to Neutral from Underperform. 2. WellCare (WCG) upgraded to Overweight from Neutral at JPMorgan by analyst Gary Taylor, who raised his price target to $114 from $80. Taylor cited an improved Medicare Advantage outlook following the Centers for Medicare and Medicaid Services' 2017 Advance Notice and said the agency's decision to not explicitly recoup the 2017 HIP Holiday is "quite material" to WellCare. WEllCare was also upgraded to Neutral from Underperform at Bofa/Merrill. 3. Cree (CREE) upgraded to Overweight from Neutral at Piper Jaffray by analyst Mike Ritzenthaler after his firm's channel checks with lighting distributors indicated solid volume growth in the order books for 2016. 4. Mentor Graphics (MENT) upgraded to Buy from Neutral at DA Davidson as it believes that the company's announcement that it will repurchase 8.1M shares from Carl Icahn, along with what the firm sees as stabilizing industry fundamentals, has improved the stock's risk/reward ratio. 5. IMAX (IMAX) upgraded to Outperform from Netural at Wedbush by analyst Michael Pachter. The valuation is favorable while the company is seeing an improving pace of screen installations and an improving premium film slate in 2016, Pachter said. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/19/16
DADA
08/19/16
DOWNGRADE
DADA
Neutral
Mentor Graphics downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Thomas Diffely downgraded Mentor Graphics to Neutral following solid Q2 results based on share valuation.
10/10/16
DADA
10/10/16
UPGRADE
DADA
Buy
Mentor Graphics upgraded to Buy from Neutral at DA Davidson
10/10/16
DADA
10/10/16
UPGRADE
DADA
Buy
Mentor Graphics upgraded on multiple catalysts at DA Davidson
As noted earlier, DA Davidson upgraded Mentor Graphics to Buy from Neutral. Analyst Thomas Diffely says that the company is benefiting from multiple catalysts, including exposure to vertical markets that will enable multi-year growth, solid cash flow, and an activist investor that can help the company unlock value. He thinks that the company can benefit by optimizing its operations, and he finds the stock's valuation attractive. Target to $32 from $24.

TODAY'S FREE FLY STORIES

MYOS

MYOS

$1.59

0.28 (21.37%)

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SGMS

Scientific Games

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1.05 (2.50%)

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PG

Procter & Gamble

$94.17

1.02 (1.10%)

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PTLA

Portola Pharmaceuticals

$52.09

-4.48 (-7.92%)

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Portola Pharmaceuticals analyst commentary  »

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RCII

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$12.16

-0.05 (-0.41%)

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Breaking Hot Stocks news story on Rent-A-Center »

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AEO

American Eagle

$13.63

0.18 (1.34%)

09:02
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American Eagle to expand to India through licensed stores »

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GOOGL

Alphabet Class A

$936.86

7.11 (0.76%)

, GOOG

Alphabet

$921.81

6.81 (0.74%)

09:02
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Periodicals
Google said to acquire certain HTC assets, VentureBeat's Bass reports »

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GOOGL

Alphabet Class A

$936.86

7.11 (0.76%)

GOOG

Alphabet

$921.81

6.81 (0.74%)

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  • 22

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RCII

Rent-A-Center

$12.16

-0.05 (-0.41%)

09:02
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MEET

Meet Group

$3.84

-0.09 (-2.29%)

09:01
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Conference/Events
Meet Group to host conference call »

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  • 20

    Sep

EDVMF

Endeavour Mining

$18.42

-0.0721 (-0.39%)

09:00
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Conference/Events
Endeavour Mining holds a conference call »

Management discusses the…

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GIS

General Mills

$55.38

-1.05 (-1.86%)

08:57
09/20/17
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08:57
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Hot Stocks
General Mills says cereal sales improved in August »

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  • 20

    Sep

CIEN

Ciena

$22.08

-0.26 (-1.16%)

08:57
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08:57
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Ciena analyst commentary  »

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  • 22

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  • 05

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FDX

FedEx

08:57
09/20/17
09/20
08:57
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08:57
Recommendations
FedEx analyst commentary  »

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  • 21

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BPMC

Blueprint Medicines

$63.86

0.98 (1.56%)

08:56
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08:56
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Blueprint Medicines analyst commentary  »

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BAC

Bank of America

$24.86

0.16 (0.65%)

, S

Sprint

$8.20

0.52 (6.77%)

08:55
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Options
Notable open interest changes for September 20th »

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BAC

Bank of America

$24.86

0.16 (0.65%)

S

Sprint

$8.20

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T

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$38.21

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BABA

Alibaba

$180.07

0.09 (0.05%)

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RARE

Ultragenyx

$51.90

-1.09 (-2.06%)

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  • 22

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WBC

Wabco

$146.87

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ADBE

Adobe

$156.60

0.83 (0.53%)

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  • 22

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AAN

Aaron's

$39.35

0.94 (2.45%)

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

08:49
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GIS

General Mills

$55.38

-1.05 (-1.86%)

08:45
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Earnings
General Mills says sees FX having 1c favorable impact to FY18 EPS 

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  • 20

    Sep

RSX

Market Vectors Russia ETF

$21.74

0.08 (0.37%)

, TQQQ

ProShares UltraPro QQQ

$115.32

0.49 (0.43%)

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Options
Largest borrow rate increases among liquid names »

Latest data shows the…

RSX

Market Vectors Russia ETF

$21.74

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IMMU

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JCP

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IYR

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$81.01

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CHK

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$4.04

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SMH

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  • 22

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FDX

FedEx

$216.00

0.92 (0.43%)

08:43
09/20/17
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Technical Analysis
Technical View: FedEx trades lower after results and outlook »

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  • 21

    Sep

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GEMP

Gemphire Therapeutics

$9.65

0.54 (5.93%)

08:43
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Gemphire Therapeutics analyst commentary  »

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  • 25

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