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MENT

Mentor Graphics

$27.52

-0.4 (-1.43%)

, SIEGY

Siemens

$115.63

1.05 (0.92%)

15:02
10/16/16
10/16
15:02
10/16/16
15:02

Mentor Graphics explores strategic alternatives, Reuters says

Mentor Graphics (MENT) is working with Bank of America to explore strategic options, including a potential sale of the company, reports Reuters, citing sources. The company could contact "major" industrial companies with software businesses, including Siemens (SIEGY) and Dassault (DASTY), as well as buyout firms as it gauges potential interest, one of the sources told Reuters. The news follows pressure from activist investor Elliott Management, which reported an 8.1% stake in the company in late September. Reference Link

MENT

Mentor Graphics

$27.52

-0.4 (-1.43%)

SIEGY

Siemens

$115.63

1.05 (0.92%)

DASTY

Dassault Systemes

$83.33

0.25 (0.30%)

MENT Mentor Graphics
$27.52

-0.4 (-1.43%)

10/10/16
DADA
10/10/16
UPGRADE
DADA
Buy
Mentor Graphics upgraded to Buy from Neutral at DA Davidson
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 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.
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.
SIEGY Siemens
$115.63

1.05 (0.92%)

05/27/16
JPMS
05/27/16
NO CHANGE
Target $27
JPMS
Underweight
JPMorgan recommends pair trade of long Siemens, short GE
JPMorgan analyst C. Stephen Tusa recommends a Global Industrials pair trade of log Siemens (SIEGY), short General Electric (GE). The analyst has an Underweight rating on GE with a $27 price target and a Neutral rating on Siemens. GE now trades at premium to Siemens while its earnings risk versus consensus will increase over the coming years, Tusa tells investors in a research note.
09/07/16
UBSW
09/07/16
DOWNGRADE
UBSW
Neutral
Siemens downgraded to Neutral from Buy at UBS
UBS downgraded Siemens to Neutral saying the risk/reward is not attractive enough at current valuation levels.
03/04/16
GSCO
03/04/16
UPGRADE
GSCO
Buy
Siemens upgraded to Buy from Neutral at Goldman
03/21/16
DBAB
03/21/16
INITIATION
DBAB
Hold
Siemens initiated with a Hold at Deutsche Bank
DASTY Dassault Systemes
$83.33

0.25 (0.30%)

07/27/16
SOCG
07/27/16
UPGRADE
SOCG
Buy
Dassault Systemes upgraded to Buy from Hold at Societe Generale
05/12/16
DBAB
05/12/16
INITIATION
DBAB
Hold
Dassault Systemes initiated with a Hold at Deutsche Bank
Price target EUR 63.
02/22/16
02/22/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on the today's top analyst initiations with this list compiled by The Fly: 1. J.C. Penney (JCP) initiated with a Market Perform rating at Cowen by analyst Oliver Chen. The analyst said CEO Marvin Ellison is making the right changes to drive better comps and margins but the risks are too much to ignore, including the shift by consumers away from department stores, high leverage, and lack of conviction in margin expansion and sustainable growth. 2. Central Garden & Pet (CENT) initiated with a Sector Weight rating at KeyBanc by analyst Jason Gere, who said he's in the "wait-and-see camp" with regards to the stock. 3. HP Enterprise (HPE) initiated with a Neutral rating and $13 price target at Macquarie. 4. Repligen (RGEN) initiated with a Buy rating and $36 price target at Craig-Hallum by analyst Matt Tiampo. 5. Dassault Systemes (DASTY) initiated with a Sector Weight rating at Pacific Crest by analyst Monika Garg citing 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.
02/22/16
PACS
02/22/16
INITIATION
PACS
Sector Weight
Dassault Systemes initiated with a Sector Weight at Pacific Crest
Pacific Crest analyst Monika Garg started Dassault Systemes with a Sector Weight rating citing valuation.

TODAY'S FREE FLY STORIES

UBNT

Ubiquiti

$50.62

-4.335 (-7.89%)

14:47
09/19/17
09/19
14:47
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14:47
Technical Analysis
Technical View: Ubiquiti heading down in late afternoon trading »

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VLO

Valero

$72.67

0.47 (0.65%)

14:44
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Periodicals
Valero says responding to fire at Port Arthur refinery, Reuters reports »

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UBNT

Ubiquiti

$50.62

-4.335 (-7.89%)

14:42
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Recommendations
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REV

Revlon

$17.15

1.15 (7.19%)

14:40
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Revlon jumps after majority shareholder Perelman says won't take private »

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GLNG

Golar LNG

$21.04

-0.41 (-1.91%)

14:35
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14:35
Options
Golar LNG put volume heavy and directionally bearish »

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EWW

iShares MSCI Mexico

$55.84

-0.07 (-0.13%)

14:31
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Breaking Hot Stocks news story on iShares MSCI Mexico »

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ICON

Iconix Brand

$5.88

0.19 (3.34%)

14:29
09/19/17
09/19
14:29
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14:29
Initiation
Iconix Brand initiated  »

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  • 28

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14:26
09/19/17
09/19
14:26
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14:26
General news
Puebla, Mexico hit by 7.1 magnitude earthquake »

Reported by…

$NSD

NASDAQ Market Internals

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Technical Analysis
NASDAQ market internals summary »

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SAIC

SAIC

$64.20

0.92 (1.45%)

14:16
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$NYE

NYSE Market Internals

14:16
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09/19
14:16
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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UNIT

Uniti Group

$17.47

-0.93 (-5.05%)

14:15
09/19/17
09/19
14:15
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14:15
Options
Uniti Group put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 02

    Oct

POR

Portland General Electric

$46.57

0.21 (0.45%)

14:15
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09/19
14:15
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14:15
Recommendations
Portland General Electric analyst commentary  »

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VOLVY

Volvo

14:01
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09/19
14:01
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14:01
Periodicals
Volvo to expand South Carolina production plant, CNBC reports »

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PETS

PetMed Express

$35.81

0.25 (0.70%)

13:55
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09/19
13:55
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Hot Stocks
PetMed lower after unverified Twitter user mentions SEC investigation »

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BBY

Best Buy

$53.68

-3.6695 (-6.40%)

13:55
09/19/17
09/19
13:55
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13:55
Conference/Events
Best Buy to host investor day »

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  • 19

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XOP

SPDR Oil Exploration and Production Fund

$32.01

-0.1011 (-0.31%)

13:50
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13:50
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13:50
Options
Call buying in SPDR Oil Exploration and Production ETF »

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TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

, TOSYY

Toshiba, also use TOSBF

$17.25

-0.1699 (-0.98%)

13:49
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13:49
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13:49
Periodicals
Toshiba back to favoring Western Digital group for chip unit sale, Reuters says »

Toshiba (TOSBF, TOSYY) …

TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

TOSYY

Toshiba, also use TOSBF

$17.25

-0.1699 (-0.98%)

WDC

Western Digital

$89.18

0.66 (0.75%)

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SSTI

ShotSpotter

$10.88

0.01 (0.09%)

13:46
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13:46
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VLO

Valero

$73.10

0.9 (1.25%)

13:45
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Periodicals
Crews battling fire at Valero refinery in Port Arthur, News4SA reports »

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  • 26

    Oct

GIS

General Mills

$55.32

-1.11 (-1.97%)

13:34
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Earnings
Notable companies reporting before tomorrow's open »

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  • 20

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WDC

Western Digital

$89.18

0.66 (0.75%)

, TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

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Hot Stocks
Breaking Hot Stocks news story on Western Digital, Toshiba, also use TOSYY, Toshiba, also use TOSBF »

Western Digital jumps 1%…

WDC

Western Digital

$89.18

0.66 (0.75%)

TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

TOSYY

Toshiba, also use TOSBF

$17.25

-0.1699 (-0.98%)

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ADBE

Adobe

$155.77

1.28 (0.83%)

, FDX

FedEx

$215.84

0.76 (0.35%)

13:34
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13:34
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Earnings
Notable companies reporting after market close »

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ADBE

Adobe

$155.77

1.28 (0.83%)

FDX

FedEx

$215.84

0.76 (0.35%)

CPRT

Copart

$32.86

0.34 (1.05%)

BBBY

Bed Bath & Beyond

$27.30

-1.37 (-4.78%)

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  • 19

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    Oct

TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

, WDC

Western Digital

$89.18

0.66 (0.75%)

13:33
09/19/17
09/19
13:33
09/19/17
13:33
Periodicals
Toshiba prefers Western Digital's bid for chip business, Reuters reports »

Toshiba (TOSBF) is…

TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

WDC

Western Digital

$89.18

0.66 (0.75%)

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CALD

Callidus Software

$26.05

0.55 (2.16%)

13:31
09/19/17
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13:31
Hot Stocks
Callidus Software acquires multi-model database technology provider OrientDB »

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