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FCX

Freeport McMoRan

$15.35

0.38 (2.54%)

, APC

Anadarko

$69.15

8.99 (14.94%)

18:31
11/30/16
11/30
18:31
11/30/16
18:31

Freeport to offer fresh concessions to advance Anadarko deal, Bloomberg says

Freeport-McMoran (FCX) will offer new concessions for some of its bondholders in an effort to advance the sale of $2B in assets to Anadarko Petroleum (APC), Bloomberg reports. Some of Freeport's major bondholders are supporting the fresh offer after ironing out details with the company recently, the report says, citing people with knowledge of the matter. Freeport still needs to get official approval for the changes from most of the holders, the report notes.

FCX

Freeport McMoRan

$15.35

0.38 (2.54%)

APC

Anadarko

$69.15

8.99 (14.94%)

  • 13

    Dec

FCX Freeport McMoRan
$15.35

0.38 (2.54%)

11/17/16
DBAB
11/17/16
DOWNGRADE
Target $12.5
DBAB
Hold
Freeport McMoRan downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Chris Terry downgraded Freeport McMoRan to Hold citing valuation following the recent rally in the shares. The analyst keeps a $12.50 price target for the stock.
11/21/16
COWN
11/21/16
NO CHANGE
Target $20
COWN
Outperform
Freeport McMoRan price target raised to $20 from $15 at Cowen
Cowen analyst Anthony Rizzuto raised his price target on Freeport McMoRan to $20 from $15 as the company has regained its status as the "go-to" coper investment vehicle after the impressive action taken by management to right-size the balance sheet. Rizzuto reiterated his Outperform rating on Freeport McMoRan shares.
11/30/16
BREN
11/30/16
DOWNGRADE
BREN
Sell
Freeport McMoRan downgraded to Sell from Hold at Berenberg
11/30/16
11/30/16
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. Freeport McMoRan (FCX) downgraded to Sell from Hold at Berenberg. 2. Arrowhead (ARWR) was downgraded to Neutral from Overweight at Piper Jaffray, to Neutral from Buy at Chardan, to Hold from Buy at Cantor, and to Market Perform from Outperform at William Blair. 3. W.R. Grace (GRA) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander noting the potential for a sharp drop in free cash flow conversion once its net operating loss carry-forwards are exploited. 4. Abaxis (ABAX) downgraded to Neutral from Buy at Northcoast. 5. Duluth Holdings (DLTH) downgraded to Neutral from Outperform at Baird with analyst Jonathan Komp citing the stock's recent rally and the possibility its valuation metrics have pushed beyond the levels he believes it can sustain. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
APC Anadarko
$69.15

8.99 (14.94%)

11/02/16
FBCO
11/02/16
UPGRADE
FBCO
Outperform
Anadarko upgraded to Outperform from Neutral at Credit Suisse
11/02/16
11/02/16
UPGRADE
Target $77

Outperform
Anadarko upgraded to Outperform on outperformance at Credit Suisse
As previously reported, Credit Suisse upgraded Anadarko to Outperform from Neutral. Analyst Edward Westlake raised his price target to $77 from $70 on Anadarko based on Delaware Estimated Ultimate Recovery's, some option value for Proven Undeveloped Reserves in gassy disposals, some value for Cote D'Ivoire and two extra tiebacks in the Gulf of Mexico per year. He expects Anadarko to continue to monetize assets to reduce debt and to focus on core areas of Delaware, Wattenberg, and Deepwater Gulf of Mexico.
11/11/16
GUGG
11/11/16
UPGRADE
GUGG
Buy
Anadarko upgraded to Buy from Neutral at Guggenheim
11/11/16
11/11/16
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. Disney (DIS) upgraded to Equal Weight from Underweight at Barclays with analyst Kannan Venkateshwar saying ESPN is "de-risked" going into 2017 after management quantified the impact of the new NBA contract. 2. Aetna (AET) and Humana (HUM) were upgraded to Outperform from Neutral at Credit Suisse, while the firm upgraded WellCare (WCG) to Neutral from Underperform. 3. Anadarko (APC) and EOG Resources (EOG) were upgraded to Buy from Neutral at Guggenheim. 4. Tiffany (TIF) upgraded to Outperform from Market Perform at Cowen with analyst Oliver Chen saying he believes the luxury market is coming back and Tiffany is well positioned and a trusted brand. 5. Vornado (VNO) upgraded to Buy from Neutral at BofA/Merrill with analyst James Feldman saying he believes the decision to spin DC and partner with JBG will allow management to focus on the New York City platform and notes the Penn Plaza corridor is rapidly improving. 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

LOW

Lowe's

$81.29

6.92 (9.30%)

, BBY

Best Buy

$42.01

-2.12 (-4.80%)

13:05
03/01/17
03/01
13:05
03/01/17
13:05
General news
On The Fly: Top stock stories at midday »

Stocks opened sharply…

LOW

Lowe's

$81.29

6.92 (9.30%)

BBY

Best Buy

$42.01

-2.12 (-4.80%)

KMX

CarMax

$65.22

0.68 (1.05%)

MCD

McDonald's

$129.21

1.5608 (1.22%)

GOOG

Alphabet

$823.21

-6.07 (-0.73%)

GOOGL

Alphabet Class A

$844.93

-4.74 (-0.56%)

CMCSA

Comcast

$37.42

-0.11 (-0.29%)

CMCSK

Comcast

FOX

21st Century Fox

$29.35

-0.66 (-2.20%)

CBS

CBS

$67.48

1.56 (2.37%)

DIS

Disney

$111.73

1.635 (1.49%)

LOGM

LogMeln

$91.75

-2 (-2.13%)

FOLD

Amicus

$6.49

0.06 (0.93%)

WTW

Weight Watchers

$18.74

4.35 (30.23%)

PANW

Palo Alto Networks

$118.06

-33.84 (-22.28%)

AMBA

Ambarella

$58.95

-0.83 (-1.39%)

ETSY

Etsy

$12.12

-0.67 (-5.24%)

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03/06/13
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TGT

Target

$57.94

-0.8346 (-1.42%)

, AAPL

Apple

$136.99

0.06 (0.04%)

13:02
03/01/17
03/01
13:02
03/01/17
13:02
Periodicals
Target returns some iPhone SE stock ahead of Apple press event, MacRumors says »

Target (TGT) told its…

TGT

Target

$57.94

-0.8346 (-1.42%)

AAPL

Apple

$136.99

0.06 (0.04%)

03/08/13
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CMTL

Comtech

$11.41

-0.37 (-3.14%)

13:02
03/01/17
03/01
13:02
03/01/17
13:02
Hot Stocks
Comtech in $4.5M pact for navigation, telematics services »

Comtech…

03/08/13
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VRA

Vera Bradley

$10.46

-0.36 (-3.33%)

13:01
03/01/17
03/01
13:01
03/01/17
13:01
Options
Earnings hedge in Vera Bradley »

Earnings hedge in Vera…

03/08/13
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  • 08

    Mar

SKLN

Skyline Medical

$1.92

0.07 (3.78%)

12:57
03/01/17
03/01
12:57
03/01/17
12:57
Technical Analysis
Skyline Medical spikes higher on extremely heavy volume, retraces some gains »

The stock was last at…

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SKLN

Skyline Medical

$1.92

0.07 (3.78%)

12:52
03/01/17
03/01
12:52
03/01/17
12:52
Hot Stocks
Skyline Medical soars after receiving contract from Vizient »

Skyline Medical has…

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KRNT

Kornit Digital

$16.20

-0.55 (-3.28%)

12:50
03/01/17
03/01
12:50
03/01/17
12:50
Conference/Events
Kornit Digital management to meet with Canaccord »

Meetings to be held in…

03/08/13
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03/06/13
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    Mar

TWTR

Twitter

$15.69

-0.085 (-0.54%)

12:49
03/01/17
03/01
12:49
03/01/17
12:49
Hot Stocks
Twitter says launching algorithm-based safety tools »

Twitter announced in a…

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WLL

Whiting Petroleum

$11.32

0.47 (4.33%)

12:47
03/01/17
03/01
12:47
03/01/17
12:47
Conference/Events
Whiting Petroleum management to meet with Canaccord »

Meeting to be held in…

03/08/13
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  • 01

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12:45
03/01/17
03/01
12:45
03/01/17
12:45
General news
Atlanta Fed's Q1 GDPNow estimate was slashed to 1.8% »

Atlanta Fed's Q1…

PNW

Pinnacle West

$82.08

-0.11 (-0.13%)

12:44
03/01/17
03/01
12:44
03/01/17
12:44
Hot Stocks
APS, group reach consensus rate review agreement »

Arizona Public Service, a…

03/08/13
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ARCC

Ares Capital

$17.75

-0.04 (-0.22%)

12:41
03/01/17
03/01
12:41
03/01/17
12:41
Options
Ares Capital attracts a large spread trade »

Ares Capital attracts a…

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MMSI

Merit Medical

$30.80

-0.05 (-0.16%)

12:37
03/01/17
03/01
12:37
03/01/17
12:37
Conference/Events
Merit Medical management to meet with Canaccord »

Meeting to be held in…

03/08/13
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MSG

Madison Square Garden

$185.32

5.96 (3.32%)

12:36
03/01/17
03/01
12:36
03/01/17
12:36
Hot Stocks
Madison Square Garden in 'active' talks to bring Grammys back to MSG »

The Madison Square Garden…

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PANW

Palo Alto Networks

$118.56

-33.34 (-21.95%)

12:33
03/01/17
03/01
12:33
03/01/17
12:33
Downgrade
Palo Alto Networks rating change  »

Palo Alto Networks…

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  • 01

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IBKR

Interactive Brokers

$36.71

-0.98 (-2.60%)

12:32
03/01/17
03/01
12:32
03/01/17
12:32
Hot Stocks
Interactive Brokers reports February DARTS down 12% y/y »

Interactive Brokers Group…

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SQ

Square

$17.38

0.06 (0.35%)

12:32
03/01/17
03/01
12:32
03/01/17
12:32
Hot Stocks
Square acquires OrderAhead pickup business »

Square announced earlier…

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SWFT

Swift Transportation

$22.13

0.41 (1.89%)

12:31
03/01/17
03/01
12:31
03/01/17
12:31
Options
Second day of bullish flow in Swift Transportation »

Second day of bullish…

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BLK

BlackRock

$398.84

11.38 (2.94%)

, WETF

WisdomTree

$9.11

-0.21 (-2.25%)

12:31
03/01/17
03/01
12:31
03/01/17
12:31
Hot Stocks
Labor Department proposes extension of fiduciary rule applicability dates »

The U.S. Department of…

BLK

BlackRock

$398.84

11.38 (2.94%)

WETF

WisdomTree

$9.11

-0.21 (-2.25%)

LM

Legg Mason

$37.70

-0.02 (-0.05%)

IVZ

Invesco

$32.64

0.45 (1.40%)

WDR

Waddell & Reed

$19.66

0.415 (2.16%)

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MCD

McDonald's

$128.07

0.42 (0.33%)

12:26
03/01/17
03/01
12:26
03/01/17
12:26
Technical Analysis
McDonald's trades higher following lift of halt »

The stock was last up…

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MCD

McDonald's

$128.07

0.42 (0.33%)

12:25
03/01/17
03/01
12:25
03/01/17
12:25
Hot Stocks
Breaking Hot Stocks news story on McDonald's »

McDonald's up 1.4%…

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MSFT

Microsoft

$63.98

-0.25 (-0.39%)

, FCN

FTI Consulting

$41.21

0.97 (2.41%)

12:25
03/01/17
03/01
12:25
03/01/17
12:25
Conference/Events
FTI Consulting co-hosts a webinar with Microsoft »

Webinar entitled,…

MSFT

Microsoft

$63.98

-0.25 (-0.39%)

FCN

FTI Consulting

$41.21

0.97 (2.41%)

03/08/13
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  • 01

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MYL

Mylan

$41.85

-0.59 (-1.39%)

12:25
03/01/17
03/01
12:25
03/01/17
12:25
Conference/Events
Mylan to host investor day with a conference call hook-up »

CEO Bresch holds an…

03/08/13
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MCD

McDonald's

$128.07

0.42 (0.33%)

12:23
03/01/17
03/01
12:23
03/01/17
12:23
Hot Stocks
Breaking Hot Stocks news story on McDonald's »

McDonald's trading…

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  • 01

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ANF

Abercrombie & Fitch

$11.20

-0.565 (-4.80%)

12:21
03/01/17
03/01
12:21
03/01/17
12:21
Options
Abercrombie puts outpace calls 3:1 as shares fall before earnings »

Abercrombie puts outpace…

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