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CRM

Salesforce

$69.85

-0.78 (-1.10%)

, TWTR

Twitter

$17.88

0.09 (0.51%)

13:24
10/14/16
10/14
13:24
10/14/16
13:24

Salesforce rules out bid for Twitter, FT reports

CRM

Salesforce

$69.85

-0.78 (-1.10%)

TWTR

Twitter

$17.88

0.09 (0.51%)

  • 30

    Nov

CRM Salesforce
$69.85

-0.78 (-1.10%)

10/06/16
BMOC
10/06/16
NO CHANGE
BMOC
Twitter acquisition would hurt Salesforce, says BMO Capital
BMO Capital analyst Keith Bachman says that an acquisition of Twitter (TWTR) by Salesforce (CRM) would " offer little strategic fit, would slow revenue growth and would be dilutive to (free cash flow) margins." Bachman thinks that the deal would cause Salesforce's stock to drop significantly,. and he says that the company's stock would be worth $65 if it pulls the trigger on Twitter. The analyst says that Salesforce's current valuation is attractive if it does not buy Twitter. He keeps an $86 price target and Outperform rating on Salesforce.
10/07/16
PIPR
10/07/16
NO CHANGE
Target $100
PIPR
Overweight
Piper sees 'clouds parting' on Salesforce valuation
Salesforce CEO Marc Benioff mostly calmed nerves over a potential Twitter (TWTR) acquisition by saying at the company's analyst day, "While we look at everything, we pass on almost everything," Piper Jaffray analyst Alex Zukin tells investors in a research note. The comment does not completely take a deal for Twitter off the table, but the probability of a transformational acquisition is now "dramatically lower," Zukin contends. As such, the analyst feels the "clouds are parting" on Salesforce's valuation "with sunshine ahead." Zukin believes the company has a "clear line of sight" to $10B in revenue in FY17. He keeps an Overweight rating on the shares with a $100 price target. Salesforce closed yesterday up $2.84, or 4%, to $71.26.
10/07/16
ADAM
10/07/16
NO CHANGE
Target $95
ADAM
Buy
Salesforce worthy of investor consideration at current levels, says Canaccord
Canaccord analyst Richard Davis came away from the Salesforce (CRM) Dreamforce week more enthused about the company's outlook. The analyst noted the company is growing its revenues 3.5 times faster than it legacy peers. Davis noted the company's CEO said they are very disciplined on price when it comes to acquisitions and believes that they would not be interested in Twitter (TWTR) at its rumored asking price of $28 per share. Davis reiterated his Buy rating and $95 price target on Salesforce shares.
10/10/16
JPMS
10/10/16
NO CHANGE
Target $95
JPMS
Overweight
JPMorgan sees 'opportune entry point' for Salesforce
JPMorgan analyst Mark Murphy believes shares of Salesforce (CRM) are at an "'opportune entry point" following the recent selloff. The pullback has been driven by a "slightly soft" Q2 and concerns about a potentially expensive acquisition of Twitter (TWTR), Murphy tells investors in a research note. After speaking to industry contacts at Dreamforce, the analyst sees a path for the "overhangs to fade" with a "better pace of business in Q3/Q4" as well as the eventual fading of the Twitter discussion. Murphy reiterates an Overweight rating on Salesforce with a $95 price target in a research note titled "The Most Valuable Cloud Asset Is Undeservedly Undervalued."
TWTR Twitter
$17.88

0.09 (0.51%)

10/11/16
EVER
10/11/16
UPGRADE
Target $17
EVER
Hold
Twitter upgraded to Hold from Sell at Evercore ISI
Evercore ISI analyst Ken Sena upgraded Twitter (TWTR) to Neutral citing the recent pullback in the shares. The analyst notes that the selloff "from a stalled sale process" has put the stock more in-line with his unchanged price target of $17. Sena thinks Twitter's guidance for Q3 "may prove sufficiently conservative."
10/11/16
DBAB
10/11/16
NO CHANGE
Target $22
DBAB
Buy
Twitter guidance could meet, exceed estimates, says Deutsche Bank
Deutsche Bank analyst Ross Sandler says that for the first time in a year, Twitter's guidance could meet or exceed consensus expectations. The analyst sees a good risk/reward profile for shares into the company's Q3 results. He notes that his channel checks point to a "high-end of the range" revenue with "slightly up" monthly active users for Q3. Twitter's NFL live video project "has been by all accounts a smashing success," Sandler tells investors in a research note. He keep a Buy rating on Twitter with a $22 price target.
10/11/16
10/11/16
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. Twitter (TWTR) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena citing the recent pullback in the shares. 2. Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. 3. Virgin America (VA) upgraded to Neutral from Underweight at JPMorgan with analyst Jamie Baker saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." 4. Cummins (CMI) was upgraded to Conviction Buy from Neutral and Caterpillar (CAT) was upgraded to Buy from Neutral at Goldman. 5. Carbonite (CARB) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying he sees "substantial upside" from current levels due to valuation and fundamentals. 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

CAVM

Cavium

$70.93

-0.31 (-0.44%)

17:33
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RICK

RCI Hospitality

$17.16

0.29 (1.72%)

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MTGE

MTGE Investment Corp.

$17.85

0.15 (0.85%)

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AGNC Investment

$20.80

-0.07 (-0.34%)

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MTGE Investment Corp.

$17.85

0.15 (0.85%)

AGNC

AGNC Investment

$20.80

-0.07 (-0.34%)

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LVS

Las Vegas Sands

$59.26

0.79 (1.35%)

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  • 26

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DEI

Douglas Emmett

$38.25

-0.56 (-1.44%)

17:22
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Douglas Emmett acquires two Santa Monica office buildings for $352.8M »

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  • 03

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PEGI

Pattern Energy

$22.24

0.08 (0.36%)

17:21
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Pattern Energy acquires 324 megawatt Broadview Wind in NM »

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  • 09

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CSLT

Castlight Health

$4.15

0.05 (1.22%)

17:20
04/26/17
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Earnings
Castlight Health sees 2017 non-GAAP EPS (28c)-(24c), consensus (14c) »

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  • 26

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KRA

Kraton Performance

$33.14

-0.26 (-0.78%)

17:20
04/26/17
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Kraton Performance sees FY17 adjusted EBITDA about $350M »

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  • 27

    Apr

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KRA

Kraton Performance

$33.14

-0.26 (-0.78%)

17:19
04/26/17
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Earnings
Kraton Performance reports Q1 adjusted EPS (15c), consensus (20c) »

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  • 27

    Apr

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GG

Goldcorp

$14.53

0.17 (1.18%)

17:18
04/26/17
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17:18
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Earnings
Goldcorp reports Q1 EPS 20c, consensus 8c »

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  • 27

    Apr

CSLT

Castlight Health

$4.15

0.05 (1.22%)

17:18
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17:18
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Earnings
Castlight Health reports Q1 non-GAAP EPS (5c), consensus (5c) »

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  • 26

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HUBG

Hub Group

$40.15

-0.25 (-0.62%)

17:18
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Hub Group sees FY17 CapEx $90M-$100M »

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  • 26

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CNI

Canadian National

$72.39

-0.71 (-0.97%)

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Canadian National to purchase shares under a specific share repurchase program »

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PKG

Packaging Corp.

$94.54

0.18 (0.19%)

17:17
04/26/17
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Packaging Corp.reports Q1 EPS $1.27, consensus $1.23 »

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  • 27

    Apr

MAA

MAA

$101.00

-0.47 (-0.46%)

17:16
04/26/17
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Earnings
MAA sees 2017 EPS $2.54-$2.74, consensus $2.29 »

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  • 27

    Apr

MKL

Markel

$978.01

-2.31 (-0.24%)

17:15
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Earnings
Markel reports Q1 diluted EPS $3.90, may not compare to consensus $4.80 »

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  • 27

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SSW

Seaspan

$6.56

0.29 (4.63%)

17:15
04/26/17
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Earnings
Seaspan reports Q1 normalized EPS 15c, consensus 13c »

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  • 27

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MAA

MAA

$101.00

-0.47 (-0.46%)

17:14
04/26/17
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Earnings
MAA reports Q1 EPS 36c with items, consensus 54c »

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  • 27

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INDB

Independent Bank

$66.50

0.7 (1.06%)

17:12
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Independent Bank says receives all regulatory approvals for Island merger »

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  • 15

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CRY

CryoLife

$16.75

0.5 (3.08%)

17:11
04/26/17
04/26
17:11
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Earnings
CryoLife sees FY17 adjusted EPS 40c-43c, consensus 41c »

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  • 27

    Apr

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CRY

CryoLife

$16.75

0.5 (3.08%)

17:10
04/26/17
04/26
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Earnings
CryoLife reports Q1 adjusted EPS 9c, consensus 4c »

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  • 27

    Apr

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CSV

Carriage Services

$28.82

0.24 (0.84%)

17:09
04/26/17
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Earnings
Carriage Services reports Q1 adjusted EPS 45c, consensus 49c »

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SIGI

Selective Insurance

$48.90

0.6 (1.24%)

17:08
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  • 26

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OII

Oceaneering

$26.32

-0.1 (-0.38%)

17:08
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Oceaneering sees 'income improvements from all of our business segments' in Q2 »

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  • 27

    Apr

SIGI

Selective Insurance

$48.90

0.6 (1.24%)

17:07
04/26/17
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Selective Insurance reports Q1 operating EPS 86c, consensus 75c »

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