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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

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RTN

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RCL

Royal Caribbean

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CIR

CIRCOR

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XOM

Exxon Mobil

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TPIC

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BLDP

Ballard Power

$3.14

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RCL

Royal Caribbean

$100.50

0.03 (0.03%)

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RCL

Royal Caribbean

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XOM

Exxon Mobil

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PFS

Provident Financial

$26.44

-0.21 (-0.79%)

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MA

MasterCard

$117.10

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WCC

WESCO

$62.60

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TIME

Time Inc.

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RCL

Royal Caribbean

$100.50

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XOM

Exxon Mobil

$81.26

-0.14 (-0.17%)

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RBS

$6.54

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TIME

Time Inc.

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RCL

Royal Caribbean

$100.50

0.03 (0.03%)

08:01
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Earnings
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SFTBF

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INTC

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XOM

Exxon Mobil

$81.26

-0.14 (-0.17%)

08:01
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