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BAM

Brookfield

$33.30

-0.33 (-0.98%)

, KKR

KKR

$15.30

0.04 (0.26%)

06:41
12/01/16
12/01
06:41
12/01/16
06:41

Brookfield enters exclusive talks after $11B Bharti Infratel bid, Bloomberg says

Brookfield Asset Management (BAM) has entered exclusive discussions on a buyout of India's largest wireless tower owner Bharti Infratel, following an $11B offer at 400 rupees per share, according to Bloomberg, citing people with knowledge of the matter. Brookfield is seeking to purchase a majority stake in Bharti Infratel, while an investor group including KKR (KKR), Canada Pension Plan Investment Board and Blackstone (BX) submitted a proposal for a minority stake in the company, which is controlled by billionaire Sunil Mattal, according to the people. Reference Link

BAM

Brookfield

$33.30

-0.33 (-0.98%)

KKR

KKR

$15.30

0.04 (0.26%)

BX

Blackstone

$25.74

-0.25 (-0.96%)

  • 06

    Dec

  • 07

    Dec

BAM Brookfield
$33.30

-0.33 (-0.98%)

05/24/16
KBWI
05/24/16
INITIATION
Target $41
KBWI
Outperform
Brookfield initiated with an Outperform at Keefe Bruyette
Keefe Bruyette analyst Ann Dai started Brookfield Asset Management with an Outperform rating and $41 price target.
09/21/16
RBCM
09/21/16
UPGRADE
RBCM
Top Pick
Brookfield upgraded to Top Pick from Outperform at RBC Capital
09/22/16
RBCM
09/22/16
UPGRADE
RBCM
Top Pick
Brookfield upgraded on execution, valuation at RBC Capital
As noted earlier, RBC Capital upgraded Brookfield to Top Pick from Outperform. Analyst Neil Downey says that the company is executing well, while its valuation is favorable compared with other names in the sector and it has key competitive advantages. Target $41.
09/22/16
09/22/16
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. Amazon.com (AMZN) upgraded to Buy from Hold at Argus with analyst Jim Kelleher saying he believes Amazon is currently growing and expanding margins faster than the stock price has been rising. 2. SeaWorld (SEAS) upgraded to Buy from Neutral at Citi with analyst Jason Bazinet saying the risk/reward looks attractive at current share levels. 3. Brookfield (BAM) upgraded to Top Pick from Outperform at RBC Capital with analyst Neil Downey saying the company is executing well, while its valuation is favorable compared with other names in the sector and it has key competitive advantages. 4. ON Semiconductor (ON) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Craig Hattenbach saying the Fairchild acquisition will add 16c to 2017 earnings and is less negative on ON Semiconductor shares given the upward bias to estimates. 5. Atwood Oceanics (ATW) upgraded to Neutral from Sell at Clarksons Platou. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
KKR KKR
$15.30

0.04 (0.26%)

07/05/16
07/05/16
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. Netflix (NFLX) downgraded to Hold from Buy at Needham with analyst Laura Martin saying that the U.K.'s "Brexit" adds risk that decelerating U.K. and EU GDP growth will slow the company's subscriber growth or accelerate its churn rates. 2. Harley-Davidson (HOG) downgraded to Neutral from Outperform at Baird with the firm citing valuation amid unconfirmed rumors that KKR (KKR) is interested in acquiring the company. 3. Cirrus Logic (CRUS) and Skyworks (SWKS) downgraded to Sector Weight from Overweight at Pacific Crest with analyst Michael McConnell citing iPhone 7 concerns putting the estimates of both companies at risk. The analyst expects a 15%-20% decline in iPhone 7 shipments in the second half of 2016. 4. Cerner (CERN) downgraded to Market Perform from Outperform at Raymond James with analyst Nicholas Jansen citing balanced risk/reward and expectations for Q2 results to return to "normalcy." 5. Hershey (HSY) downgraded to Hold from Buy at Argus with analyst David Coleman citing valuation following takeover overtures by Mondelez (MDLZ). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/07/16
FBCO
07/07/16
INITIATION
Target $16
FBCO
Outperform
KKR reinstated with an Outperform at Credit Suisse
Target $16.
04/25/16
BOFA
04/25/16
NO CHANGE
BOFA
KKR risk/reward favorable, says BofA/Merrill
04/26/16
OPCO
04/26/16
NO CHANGE
Target $24
OPCO
Outperform
KKR fundamentals remain 'sound,' says Oppenheimer
Oppenheimer analyst Chris Kotowski says KKR's Q1 results were disappointing, missing on larger non-cash marks, but cash earnings metrics were closer to expectations and overall fundraising was strong. The analyst continues to think that the business is "very healthy." Kotowski reiterates an Outperform rating and raised his price target on the shares to $24 from $23.
BX Blackstone
$25.74

-0.25 (-0.96%)

02/01/16
JMPS
02/01/16
NO CHANGE
JMPS
Blackstone outlook positive, says JMP Securities
JMP Securities says that Blackstone's underlying business trends improved in Q4, while its overall outlook is positive. The firm thinks pressure from weak markets so far this year will be transitory. It reiterates a $40 price target and Outperform rating on the shares.
03/11/16
DBAB
03/11/16
DOWNGRADE
Target $28
DBAB
Hold
Blackstone downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Brian Bedell downgraded Blackstone (BX) to Hold saying Alternative Asset Mangers will underperform over the next year amid volatile markets. The analyst lowered his price target for the shares to $28 from $30 and views Oaktree Capital (OAK) as the best positioned in the space.
03/08/16
03/08/16
NO CHANGE

Deutsche views ending of SunEdison, Vivint deal as potential positive
Deutsche Bank analyst Vishal Shah believes the termination of SunEdison's (SUNE) agreement to acquire Vivint Solar (VSLR) is a potential longer-term positive for SunEdison and TerraForm Power (TERP). The failure may also turn out to be a positive for Vivint in the long run, Shah tells investors in a research note. Investor focus will now shift from near-term liquidity and balance sheet stress for both TerraForm and SunEdison to potential legal ramifications from Vivint and Blackstone (BX), the analyst contends. He believes, however, that the legal impact may not be that significant considering the audit committee investigation and resulting lack of financing availability.
10/26/16
10/26/16
DOWNGRADE
Target $43

Market Perform
TeamHealth downgraded to Market Perform at Leerink
As previously reported, Leerink analyst Ana Gupte downgraded TeamHealth (TMH) to Market Perform from Outperform after the recent rally on the reported talks of a potential sale to Blackstone (BX) or Bain, while raising her price target on the shares to $43 from $40 on deal probability as she sees it as more likely than 50%.

TODAY'S FREE FLY STORIES

STBA

S&T Bancorp

$40.99

-0.02 (-0.05%)

12:57
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Hot Stocks
S&T Bancorp raises dividend 10% to 22c per share »

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IPXL

Impax

$19.95

-0.85 (-4.09%)

12:54
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GM

General Motors

$45.42

-0.34 (-0.74%)

12:51
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NY Governor says GM applying to test autonomous vehicles in state in early 2018 »

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  • 24

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IPXL

Impax

$19.95

-0.85 (-4.09%)

12:51
10/17/17
10/17
12:51
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12:51
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Impax analyst commentary  »

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  • 09

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GOOGL

Alphabet Class A

$1,009.35

1.48 (0.15%)

12:50
10/17/17
10/17
12:50
10/17/17
12:50
Periodicals
Alphabet to unfold site in Toronto, Reuters reports »

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  • 24

    Oct

WLL

Whiting Petroleum

$5.13

-0.135 (-2.57%)

12:45
10/17/17
10/17
12:45
10/17/17
12:45
Options
Whiting Petroleum call volume above normal and directionally bullish »

Bullish option flow…

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  • 26

    Oct

MAR

Marriott

$114.75

-0.36 (-0.31%)

12:39
10/17/17
10/17
12:39
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12:39
Hot Stocks
Marriott says Ed Ryan to retire as general counsel »

Marriott International…

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  • 08

    Nov

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    Nov

VSTM

Verastem

$4.21

-0.14 (-3.22%)

12:35
10/17/17
10/17
12:35
10/17/17
12:35
Conference/Events
Verastem management to meet with Jefferies »

Meeting to be held in New…

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  • 20

    Oct

VALE

Vale

$10.28

-0.225 (-2.14%)

12:34
10/17/17
10/17
12:34
10/17/17
12:34
Periodicals
Vale seeks partner to invest in New Caledonia mine, FT reports »

Vale is seeking a partner…

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SB

Safe Bulkers

$3.21

-0.03 (-0.93%)

12:33
10/17/17
10/17
12:33
10/17/17
12:33
Conference/Events
Safe Bulkers management to meet with Jefferies »

Meeting to be held in New…

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  • 17

    Oct

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  • 19

    Oct

CREE

Cree

$29.28

-0.08 (-0.27%)

12:29
10/17/17
10/17
12:29
10/17/17
12:29
Technical Analysis
Technical Earnings Preview: Cree near top of range ahead of results »

The shares were trading…

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  • 17

    Oct

PYPL

PayPal

$67.31

-1.35 (-1.97%)

12:25
10/17/17
10/17
12:25
10/17/17
12:25
Recommendations
PayPal analyst commentary  »

PayPal price target…

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  • 17

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  • 22

    Oct

  • 29

    Nov

LNG

Cheniere Energy

$48.20

0.48 (1.01%)

12:25
10/17/17
10/17
12:25
10/17/17
12:25
Options
Cheniere Energy call volume above normal and directionally bullish »

Bullish option flow…

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12:25
10/17/17
10/17
12:25
10/17/17
12:25
General news
U.S. corporate bond update: the calendar is relatively slim »

U.S. corporate bond…

CYTR

CytRx

$0.38

-0.0142 (-3.64%)

12:25
10/17/17
10/17
12:25
10/17/17
12:25
Conference/Events
CytRx to host special shareholder meeting »

Special Shareholder…

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  • 17

    Oct

12:25
10/17/17
10/17
12:25
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12:25
Conference/Events
Federal Reserve Bank of Philadelphia President speaks at summit »

Federal Reserve Bank of…

12:25
10/17/17
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Conference/Events
American Association for Cancer Research holds a webinar »

Webinar entitled,…

GOOG

Alphabet

$992.00

2.32 (0.23%)

12:20
10/17/17
10/17
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Hot Stocks
Google refreshes Google Calendar for web »

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  • 22

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JNJ

Johnson & Johnson

$139.15

3.03 (2.23%)

12:20
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Periodicals
Appeals court throws out $72M verdict against J&J, St. Louis Post-Dispatch says »

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  • 17

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  • 06

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12:20
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General news
Treasury's $40 B 4-week bill garnered solid results »

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SPX

S&P 500

12:19
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Trump expected to pick Fed chair before Asia trip, CNBC reports »

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$NSD

NASDAQ Market Internals

12:17
10/17/17
10/17
12:17
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

12:16
10/17/17
10/17
12:16
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12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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SNAP

Snap

$16.21

0.135 (0.84%)

12:15
10/17/17
10/17
12:15
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12:15
Periodicals
Snap says advertising will stay main source of revenue, Bloomberg says »

Snap's head of…

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  • 24

    Oct

  • 07

    Nov

HBI

Hanesbrands

$23.28

-0.11 (-0.47%)

12:15
10/17/17
10/17
12:15
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12:15
Options
HanesBrands put volume heavy and directionally bearish »

Bearish flow noted in…

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