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WAB

Wabtec

$84.67

0.19 (0.22%)

05:40
12/01/16
12/01
05:40
12/01/16
05:40

Wabtec acquires majority ownership of Faiveley Transport

Wabtec has acquired majority ownership of Faiveley Transport S.A., after completing the purchase of the Faiveley family's stake, which represented about 51% of the company's shares outstanding. Wabtec plans to launch a tender offer for the remaining public shares in December. Faiveley Transport is a leading global provider of value-added, integrated systems and services for the railway industry with annual sales of about $1.2B. Wabtec acquired the family stake for about $212M in cash and 6.3M shares of Wabtec common stock. Through the tender offer, the public shareholders of Faiveley Transport will have the option to elect to receive EUR 100.00 per share of Faiveley Transport in cash or 1.1538 Wabtec common shares per share of Faiveley Transport. The total purchase price for 100% of the shares of Faiveley Transport is about $1.7B, including assumed debt and net of cash acquired. The $1.2B cash portion of the transaction will be funded from about $325M of cash on hand, the net proceeds from a recent $750M senior notes offering and the company's existing revolving credit facility and term note.

WAB Wabtec
$84.67

0.19 (0.22%)

10/26/16
WELS
10/26/16
NO CHANGE
WELS
Wabtec weakness creates buying opportunity, says Wells Fargo
After Wabtec lowered the top end of its 2016 EPS guidance range and the stock dropped, Wells Fargo says that the company has multiple positive catalysts, including cost cutting, increased train control spending in 2017, multi-year funding of U.S. transit, and a stabilizing aftermarket. Wells says that these catalysts should offset expected OEM freight headwinds. It recommends buying the stock on weakness.
10/26/16
STFL
10/26/16
NO CHANGE
STFL
Wabtec growth should rebound in 2017, 2018, says Stifel
After Wabtec reported weaker than expected results and cut its guidance, Stifel analyst Michael Baudendistel expects the company to return to organic growth in 2017 and 2018. Additionally, he remains upbeat on the company's Faiveley transaction. He trimmed his price target on the shares to $88 from $90 but keeps a Buy rating on the stock.
10/26/16
10/26/16
DOWNGRADE

Neutral
Wabtec downgraded to Neutral from Buy at Longbow
As previously reported, Longbow downgraded Wabtec to Neutral from Buy. Following lowered 2016 guidance, Analyst Matthew Brooklier said Freight cycle headwinds are proving too great and reduced earnings estimates for Wabtec well below consensus over the next two years.
10/26/16
WOLF
10/26/16
NO CHANGE
Target $91
WOLF
Outperform
Wabtec price target raised to $91 from $75 at Wolfe Research

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GNCA

Genocea

$5.33

0.04 (0.76%)

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Genocea rating change at Stifel »

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CQH

Cheniere Energy Partners LP

$24.66

0.27 (1.11%)

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DAL

Delta Air Lines

$48.32

-0.15 (-0.31%)

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HA

Hawaiian Holdings

$37.45

-0.25 (-0.66%)

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ALK

Alaska Air

$74.79

0.04 (0.05%)

20:25
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LUV

Southwest

$55.12

0.19 (0.35%)

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DRI

Darden

$83.14

0.26 (0.31%)

, FDS

FactSet

$170.81

2.2 (1.30%)

20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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DRI

Darden

$83.14

0.26 (0.31%)

FDS

FactSet

$170.81

2.2 (1.30%)

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SAVE

Spirit Airlines

$34.15

0.44 (1.31%)

20:22
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Spirit Airlines initiated at Macquarie »

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JBLU

JetBlue

$18.87

0.25 (1.34%)

20:22
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ALGT

Allegiant Travel

$133.95

3.85 (2.96%)

20:22
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Allegiant Travel initiated at Macquarie »

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AAL

American Airlines

$47.70

0.64 (1.36%)

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UAL

United Continental

$59.44

0.64 (1.09%)

20:21
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United Continental initiated at Macquarie »

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LUV

Southwest

$55.12

0.19 (0.35%)

20:10
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Southwest initiated at Macquarie »

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AMPH

Amphastar

$16.27

0.17 (1.06%)

, AVDL

Avadel Pharmaceuticals

$9.45

-0.16 (-1.66%)

18:59
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18:59
Hot Stocks
Amphastar announces FDA approval of Neostigmine Methylsulfate Injection, USP »

Amphastar (AMPH)…

AMPH

Amphastar

$16.27

0.17 (1.06%)

AVDL

Avadel Pharmaceuticals

$9.45

-0.16 (-1.66%)

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ACN

Accenture

$138.16

0.26 (0.19%)

18:58
09/25/17
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Hot Stocks
Accenture chief marketing & communications officer Taylor to retire Aug 31, 2018 »

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SPR

Spirit AeroSystems

$78.07

-0.38 (-0.48%)

, BA

Boeing

$254.32

-2.13 (-0.83%)

18:31
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Hot Stocks
Spirit AeroSystems finalizes agreement with Boeing »

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SPR

Spirit AeroSystems

$78.07

-0.38 (-0.48%)

BA

Boeing

$254.32

-2.13 (-0.83%)

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MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

, UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

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Hot Stocks
Senator Collins opposes Graham-Cassidy ACA repeal bill »

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MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

CNC

Centene

$90.33

-1.89 (-2.05%)

WCG

WellCare

$164.15

-3.01 (-1.80%)

CI

Cigna

$181.44

-1.3 (-0.71%)

ANTM

Anthem

$181.50

-1.36 (-0.74%)

HNT

Health Net

HUM

Humana

$237.21

-1.88 (-0.79%)

AET

Aetna

$151.98

-1.59 (-1.04%)

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18:15
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General news
Breaking General news story  »

Minneapolis Federal…

CATM

Cardtronics

$26.10

-3.17 (-10.83%)

18:13
09/25/17
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18:13
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Cardtronics rating change at William Blair »

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IVTY

Invuity

$7.80

-0.5 (-6.02%)

18:10
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18:10
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18:10
Recommendations
Invuity analyst commentary at Piper Jaffray »

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MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

, UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

18:05
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Hot Stocks
CBO: Graham-Cassidy ACA repeal bill to reduce number of insured by 'millions' »

The Congressional Budget…

MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

CNC

Centene

$90.33

-1.89 (-2.05%)

WCG

WellCare

$164.15

-3.01 (-1.80%)

CI

Cigna

$181.44

-1.3 (-0.71%)

ANTM

Anthem

$181.50

-1.36 (-0.74%)

HNT

Health Net

HUM

Humana

$237.21

-1.88 (-0.79%)

AET

Aetna

$151.98

-1.59 (-1.04%)

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GPC

Genuine Parts

$93.22

5.24 (5.96%)

18:04
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Recommendations
Genuine Parts analyst commentary at RBC Capital »

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AA

Alcoa

$45.29

-0.09 (-0.20%)

, FCX

Freeport McMoRan

$13.89

-0.17 (-1.21%)

17:55
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17:55
Recommendations
Alcoa, Freeport McMoRan, Teck Resources, Newmont Mining, Warrior Met Coal, Cleveland-Cliffs analyst commentary at Morgan Stanley »

Morgan Stanley raising…

AA

Alcoa

$45.29

-0.09 (-0.20%)

FCX

Freeport McMoRan

$13.89

-0.17 (-1.21%)

TECK

Teck Resources

$21.24

-0.72 (-3.28%)

NEM

Newmont Mining

$38.63

0.74 (1.95%)

HCC

Warrior Met Coal

$24.11

0.76 (3.25%)

CLF

Cleveland-Cliffs

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17:55
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Conference/Events
Federal Reserve Bank of Minneapolis President participates in a discussion »

Minneapolis Federal…

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