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AVT

Avnet

07:06
11/30/16
11/30
07:06
11/30/16
07:06

Avnet, Central announce semiconductor distribution agreement in the Americas

Avnet announced a distribution agreement with Central Semiconductor. Effective immediately, Central Semiconductor's entire line of discrete semiconductors will be available for purchase by customers in the Americas through Avnet's broadline components Electronics Marketing group and Avnet USI, Avnet's defense/aerospace specialty distribution business unit.

  • 05

    Dec

AVT Avnet

09/20/16
09/20/16
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. Ford (F) downgraded to Neutral from Buy at Buckingham with analyst Joseph Amaturo saying he believes North American volume and pricing trends for trucks will deteriorate and is concerned that the passenger car market will remain challenged given stiff competition from Japanese and European OEMs that can heavily discount due to weak currencies. 2. General Mills (GIS) downgraded to Underperform from Neutral at Consumer Edge. 3. Ascena Retail (ASNA) downgraded to Sector Perform from Outperform at RBC Capital and to Perform from Outperform at Oppenheimer. 4. Avnet (AVT) downgraded to Hold from Buy at Stifel and to Sell from Hold at Cross Research. 5. HD Supply (HDS) downgraded to Sector Perform from Outperform at RBC Capital with analyst Deane Dray saying it will take several quarters for the company to address its supply chain errors, and she expects the stock "to stay range bound over the medium term." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/16
RAJA
10/04/16
UPGRADE
Target $52
RAJA
Strong Buy
Avnet upgraded to Strong Buy from Market Perform at Raymond James
Raymond James analyst Brian Alexander upgraded Avnet two notches to Strong Buy from Market Perform and established a $52 price target on shares. The analyst said Avnet's recent decision to divest its TS business to Tech Data and acquire Premier Farnell should allow the company to focus entirely on the more attractive EM business, improve operating margins, ROIC and book value, and use enhanced liquidity to drive shareholder value.
10/21/16
LBOW
10/21/16
UPGRADE
LBOW
Buy
Avnet upgraded to Buy from Neutral at Longbow
10/21/16
LBOW
10/21/16
UPGRADE
Target $53
LBOW
Buy
Avnet upgraded to Buy on valuation, solid bookings at Longbow
As previously reported, Longbow upgraded Avnet to Buy from Neutral with a $53 price target. Analyst Shawn Harrison said shares are trading at only 1.1x Q3 book value of $37 and said bookings remain positive and the company is receiving little credit for accretive Premier Farnell acquisition. Further, Harrison said the $2B in process from selling TS provides optionality for buybacks or M&A.

TODAY'S FREE FLY STORIES

WMT

Wal-Mart

$70.88

0.21 (0.30%)

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Wal-Mart to pay $7.5M to settle same-sex spouse benefit case, Reuters reports »

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

HMST

HomeStreet

$29.35

-0.2 (-0.68%)

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

, ALIOF

Actelion

$206.01

15.21 (7.97%)

18:11
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Periodicals
Johnson & Johnson said to raise offer for Actelion above $250, Bloomberg says »

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

ALIOF

Actelion

$206.01

15.21 (7.97%)

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CE

Celanese

$79.10

0.3 (0.38%)

18:00
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Celanese to raise list, off-list selling prices for paraformaldehyde »

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, GMED

Globus Medical

$21.89

0.12 (0.55%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

GMED

Globus Medical

$21.89

0.12 (0.55%)

BGS

B&G Foods

$42.50

0.2 (0.47%)

ZEN

Zendesk

$21.17

0.34 (1.63%)

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  • 08

    Dec

  • 09

    Jan

ZEN

Zendesk

$21.17

0.34 (1.63%)

17:53
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17:53
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Zendesk says SVPs Amanda Kleha and Marcus Bragg to resign »

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  • 08

    Dec

AIXG

Aixtron

$3.97

-0.05 (-1.24%)

17:42
12/02/16
12/02
17:42
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17:42
Periodicals
President Obama blocks China's Fujian from acquiring Aixtron, CNBC reports »

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CX

CEMEX

$7.83

0.09 (1.16%)

17:31
12/02/16
12/02
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17:31
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CEMEX to divest ready-mix concrete pumping assets in Mexico »

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SRNE

Sorrento Therapeutics

$5.15

-0.1 (-1.90%)

17:30
12/02/16
12/02
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12/02/16
17:30
Syndicate
Breaking Syndicate news story on Sorrento Therapeutics »

Sorrento files to sell…

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  • 06

    Dec

MBRX

Moleculin Biotech

$2.63

-0.14 (-5.05%)

17:29
12/02/16
12/02
17:29
12/02/16
17:29
Syndicate
Breaking Syndicate news story on Moleculin Biotech »

Moleculin Biotech files…

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  • 06

    Dec

NEOG

Neogen

$61.59

-1.46 (-2.32%)

17:28
12/02/16
12/02
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17:28
Hot Stocks
Neogen acquires U.K.-based Quat-Chem, terms undisclosed »

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RRC

Range Resources

$36.36

-0.23 (-0.63%)

17:25
12/02/16
12/02
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Hot Stocks
Breaking Hot Stocks news story on Range Resources »

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EOG

EOG Resources

$103.74

-1.01 (-0.96%)

17:25
12/02/16
12/02
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17:25
Syndicate
Breaking Syndicate news story on EOG Resources »

EOG Resources files to…

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  • 13

    Dec

HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

17:22
12/02/16
12/02
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17:22
Hot Stocks
Breaking Hot Stocks news story on HomeStreet, UMB Financial »

HomeStreet to replace UMB…

HMST

HomeStreet

$29.35

-0.2 (-0.68%)

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

, IM

Ingram Micro

$38.88

1.31 (3.49%)

17:21
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UMB Financial to replace Ingram Micro in S&P 400 as of 12/6 close »

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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Globus Medical to replace Talen Energy in S&P 400 as of 12/6 close »

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GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

17:16
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Periodicals
President Obama blocks China's takeover of Aixtron, CNBC reports »

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DB

Deutsche Bank

$15.74

-0.32 (-1.99%)

17:07
12/02/16
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Periodicals
Deutsche Bank to pay $60M settlement over gold price-fixing case, Reuters says »

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  • 10

    Jan

ALB

Albemarle

$84.86

-0.79 (-0.92%)

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Albemarle to increase prices for select brominated products »

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  • 16

    Mar

FOR

Forestar Group

$13.40

0.2 (1.52%)

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Breaking Hot Stocks news story on Forestar Group »

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FANG

Diamondback Energy

$108.14

-1.86 (-1.69%)

17:04
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Breaking Syndicate news story on Diamondback Energy »

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OSIR

Osiris

$5.68

0.06 (1.07%)

17:02
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Osiris: Nasdaq grants company's request for additional time »

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STOR

STORE Capital

$24.45

0.52 (2.17%)

17:00
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STORE Capital director Donovan acquires 4,350 shares »

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CARB

Carbonite

$17.95

0.25 (1.41%)

16:48
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Breaking Hot Stocks news story on Carbonite »

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GIB

CGI Group

$47.11

0.16 (0.34%)

16:48
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CGI Group announces specific share repurchase program »

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