Breaking News Instant updates and real-time market news.

VSM

Versum Materials

$24.46

-0.19 (-0.77%)

, APD

Air Products

$144.46

0.99 (0.69%)

06:45
12/01/16
12/01
06:45
12/01/16
06:45

Versum Materials reports Q4 revenue $248M, consensus $238.73M

Versum Materials (VSM) does not report EPS as the company is a wholly owned subsidiary of Air Products (APD).

VSM

Versum Materials

$24.46

-0.19 (-0.77%)

APD

Air Products

$144.46

0.99 (0.69%)

  • 01

    Dec

VSM Versum Materials
$24.46

-0.19 (-0.77%)

10/03/16
FBCO
10/03/16
INITIATION
Target $27
FBCO
Outperform
Versum Materials initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kieran de Brun initiated Versum Materials with an Outperform and a a $27 price target. The analyst said Versum has best-in-class margins, leading technology that strategically integrates its platform with customers to benefit from secular growth trends in the semiconductor industry, and the ability to pursue accretive M&A due to robust free cash flow generation.
10/03/16
MSCO
10/03/16
INITIATION
Target $24
MSCO
Equal Weight
Versum Materials initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Neel Kumar initiated Versum Materials with an Equal Weight and a $24 price target. The analyst views the current 11x multiple as an appropriate valuation level given expectations for 10% earnings CAGR in 2016-2018.
10/03/16
GHSC
10/03/16
INITIATION
Target $29
GHSC
Buy
Versum Materials initiated with a Buy at Seaport Global
Seaport analsyt Michael Harrison initiated Versum Materials with a Buy and a $29 price target given sustainable margin improvement, secular growth opportunities, and potential value creation through consolidation. Versum's volumes should grow with semiconductor demand, which is becoming less cyclical as applications diversify to include mobility, automotive, industrial, and the Internet of Things, the analyst wrote.
10/03/16
10/03/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. 3D Systems (DDD) coverage transferred with a Market Perform at FBR Capital. 2. Carnival (CCL) initiated with a Buy at HSBC. 3. GoDaddy (GDDY) initiated with a Buy at Summit Redstone. 4. Versum Materials (VSM) initiated with a Buy at Seaport Global. 5. ExOne (XONE) coverage transferred with an Outperform at FBR Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
APD Air Products
$144.46

0.99 (0.69%)

09/30/16
ATLE
09/30/16
UPGRADE
ATLE
Neutral
Air Products upgraded to Neutral from Underweight at Atlantic Equities
11/21/16
ARGS
11/21/16
UPGRADE
ARGS
Buy
Air Products upgraded to Buy from Hold at Argus
11/21/16
ARGS
11/21/16
UPGRADE
ARGS
Buy
Air Products upgraded on postive moves at Argus
As noted earlier, Argus upgraded Air Products to Buy from Hold. As reasons for the upgrade, analyst Bill Selesky cited the spinoff of the company's Electronic Materials division, the forthcoming sale of its Performance Materials division, and other restructuring actions it has taken over the last year. Going forward, he expects the company to use the proceeds from asset sales to make "small to medium-sized acquisitions" and carry out stock buybacks and dividend increases. Target $159.
11/21/16
11/21/16
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. KBR (KBR) upgraded to Buy from Neutral at MKM Partners with analyst Daniel Scott saying the new business mix emphasizing government services and technology de-risks the model and warrants a re-rating. 2. Air Products (APD) upgraded to Buy from Hold at Argus with analyst Bill Selesky citing the spinoff of the company's Electronic Materials division, the forthcoming sale of its Performance Materials division, and other restructuring actions it has taken over the last year. 3. Fossil (FOSL) upgraded to Neutral from Underweight at Piper Jaffray with analyst Erinn Murphy saying the company has an opportunity to cut costs and its potential with hybrid watches is being underappreciated. 4. HSBC (HSBC) upgraded to Market Perform from Underperform at Bernstein. 5. Leidos (LDOS) upgraded to Outperform from Neutral at Credit Suisse with analyst Robert Springarn saying he sees further upside for Leidos driven by the IS&GS acquisition from cost synergies, deleveraging, and potential revenue synergies. 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

LULU

lululemon

$57.24

0.12 (0.21%)

11:22
12/07/16
12/07
11:22
12/07/16
11:22
Earnings
On The Fly: What to watch in lululemon earnings report »

Lululemon (LULU) is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

  • 09

    Jan

11:20
12/07/16
12/07
11:20
12/07/16
11:20
General news
Treasury Option Action: a rash of put selling in the belly »

Treasury Option Action: a…

ABT

Abbott

$37.67

-0.75 (-1.95%)

, ALR

Alere

$39.65

-0.21 (-0.53%)

11:19
12/07/16
12/07
11:19
12/07/16
11:19
Hot Stocks
Abbott seeks to terminate Alere deal, citing loss of value since agreement »

Abbott (ABT) announced…

ABT

Abbott

$37.67

-0.75 (-1.95%)

ALR

Alere

$39.65

-0.21 (-0.53%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

$NYE

NYSE Market Internals

11:16
12/07/16
12/07
11:16
12/07/16
11:16
Technical Analysis
NYSE market internals summary »

Breadth is bullish across…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NSD

NASDAQ Market Internals

11:16
12/07/16
12/07
11:16
12/07/16
11:16
Technical Analysis
NASDAQ market internals summary »

Volume is light for this…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

11:15
12/07/16
12/07
11:15
12/07/16
11:15
Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

Life Science Tools and…

ABT

Abbott

$37.63

-0.79 (-2.06%)

, ALR

Alere

$39.67

-0.19 (-0.48%)

11:15
12/07/16
12/07
11:15
12/07/16
11:15
Hot Stocks
Breaking Hot Stocks news story on Abbott, Alere »

Abbott files complaint to…

ABT

Abbott

$37.63

-0.79 (-2.06%)

ALR

Alere

$39.67

-0.19 (-0.48%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

ALR

Alere

$39.70

-0.1601 (-0.40%)

11:13
12/07/16
12/07
11:13
12/07/16
11:13
Hot Stocks
Breaking Hot Stocks news story on Alere »

Alere trading halted,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

11:11
12/07/16
12/07
11:11
12/07/16
11:11
Conference/Events
JPMorgan pharmaceuticals major/specialty holds analyst/industry conference call »

Pharmaceuticals--Major…

IWM

iShares Trust Russell 2000 Index Fund

$134.66

0.07 (0.05%)

11:10
12/07/16
12/07
11:10
12/07/16
11:10
Options
Put spread in iShares Russell 2000 closes position opened Nov 17th »

Put spread in iShares…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IDCC

InterDigital

$82.40

1.05 (1.29%)

11:08
12/07/16
12/07
11:08
12/07/16
11:08
Downgrade
InterDigital rating change  »

InterDigital downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

11:07
12/07/16
12/07
11:07
12/07/16
11:07
Conference/Events
JPMorgan U.K. utilities analyst holds an analyst/industry conference call »

U.K. Utilities Analyst…

HAIN

Hain Celestial

$39.20

-0.03 (-0.08%)

, NSRGY

Nestle

$67.79

0.09 (0.13%)

11:06
12/07/16
12/07
11:06
12/07/16
11:06
Hot Stocks
Hain Celestial names Gary Tickle COO »

The Hain Celestial Group…

HAIN

Hain Celestial

$39.20

-0.03 (-0.08%)

NSRGY

Nestle

$67.79

0.09 (0.13%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

11:02
12/07/16
12/07
11:02
12/07/16
11:02
Conference/Events
JPMorgan metals, mining & steel analysts hold analyst/industry conference call »

Metals, Mining &…

AVT

Avnet

$47.09

0.4 (0.86%)

11:00
12/07/16
12/07
11:00
12/07/16
11:00
Hot Stocks
Avnet enters collaboration with Micro Focus »

Avnet and Micro Focus are…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPGI

S&P Global

$113.07

-0.5 (-0.44%)

11:00
12/07/16
12/07
11:00
12/07/16
11:00
Conference/Events
JPMorgan Brazilian Ethanol analysts hold an analyst/industry conference call »

Analysts, along with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

  • 07

    Dec

  • 14

    Dec

MT

ArcelorMittal

$8.49

0.145 (1.74%)

11:00
12/07/16
12/07
11:00
12/07/16
11:00
Options
Arcelor Mittal calls active as shares reach 52-week highs »

Arcelor Mittal calls…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

10:55
12/07/16
12/07
10:55
12/07/16
10:55
Conference/Events
The SEC to hold a committee meeting »

Advisory Committee on…

XRX

Xerox

$9.73

0.43 (4.62%)

10:52
12/07/16
12/07
10:52
12/07/16
10:52
Technical Analysis
Xerox rallies sharply on very heavy volume, levels to watch »

In a weaker overall tape…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

WDC

Western Digital

$63.85

1.76 (2.83%)

, MU

Micron

$19.06

0.45 (2.42%)

10:52
12/07/16
12/07
10:52
12/07/16
10:52
Hot Stocks
Brean Capital leads bullish analysts in upping Western Digital targets »

The shares of Western…

WDC

Western Digital

$63.85

1.76 (2.83%)

MU

Micron

$19.06

0.45 (2.42%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

  • 21

    Dec

CAVM

Cavium

$61.47

4.41 (7.73%)

10:51
12/07/16
12/07
10:51
12/07/16
10:51
Conference/Events
Cavium management to meet with Canaccord »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Dec

  • 14

    Dec

ARI

Apollo Commercial

$17.61

0.1 (0.57%)

10:50
12/07/16
12/07
10:50
12/07/16
10:50
Conference/Events
Apollo Commercial management to meet with JMP Securities »

Meeting to be held in the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Dec

FTNT

Fortinet

$29.93

-0.29 (-0.96%)

10:50
12/07/16
12/07
10:50
12/07/16
10:50
Options
Bullish flow in Fortinet includes a three-way spread »

Bullish flow in Fortinet…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

MAR

Marriott

$82.08

1.08 (1.33%)

10:49
12/07/16
12/07
10:49
12/07/16
10:49
Hot Stocks
Marriott's Luxury Collection announces five openings across Europe »

The Luxury Collection,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AI

Arlington Asset Investment

$16.57

-0.02 (-0.12%)

10:48
12/07/16
12/07
10:48
12/07/16
10:48
Conference/Events
Arlington Asset Investment management to meet with JMP Securities »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Dec

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.