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PAG

Penske Automotive

$49.91

0.72 (1.46%)

07:01
12/01/16
12/01
07:01
12/01/16
07:01

Penske Automotive agrees to acquire CarSense

Penske Automotive Group announced that it has signed an agreement to acquire CarSense, a stand-alone specialty retailer of used vehicles in the United States. The acquisition is expected to generate estimated annual revenue of approximately $350M with accretion estimated to be 7c-9c per share on an annualized basis.

  • 10

    Jan

PAG Penske Automotive
$49.91

0.72 (1.46%)

08/09/16
GHSC
08/09/16
INITIATION
GHSC
Neutral
Penske Automotive initiated with a Neutral at Seaport Global
09/15/16
GABE
09/15/16
DOWNGRADE
GABE
Hold
Penske Automotive downgraded to Hold from Buy at Gabelli
Gabelli downgraded Penske Automotive to Hold citing the recent strength in shares.
09/15/16
09/15/16
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. AMC Networks (AMCX) downgraded to Hold from Buy at Stifel with analyst Benjamin Mogil citing weak industrywide ad trends for scripted shows after their first year. 2. Atara Biotherapeutics (ATRA) downgraded to Sell from Neutral at Goldman with analyst Salveen Richter saying there are no major pipeline catalysts until late 2017. 3. Helmerich & Payne (HP) downgraded to Hold from Buy at Argus with analyst Bill Selesky saying that the company is increasingly relying on lower priced spot contracts rather than higher priced term contracts. 4. Cognizant (CTSH) downgraded to Neutral from Buy at Goldman with analyst James Schneider saying cyclical headwinds in the company's Financials and Healthcare units will persist through the first ha lf of 2017. 5. Penske Automotive (PAG) downgraded to Hold from Buy at Gabelli citing the recent strength in shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/13/16
EVER
10/13/16
DOWNGRADE
Target $39
EVER
Sell
Penske Automotive downgraded to Sell from Hold at Evercore ISI
Evercore ISI analyst Michael Montani downgraded Penske Automotive to Sell to reflect the likely decline in UK sales due to Brexit and a peak in the US market. Montani said sees risk to Penske's UK sales that are 33% of revenues and said they are likely to decline in the low double digits. He sees UK registrations dropping 10%+ over a 2-3 years and expects Street estimates to adjust down for a flat to down US retail SAAR. Montani has a $39 price target on Penske shares.

TODAY'S FREE FLY STORIES

GG

Goldcorp

$13.43

-0.24 (-1.76%)

, XRA

Exeter Resource

14:56
06/27/17
06/27
14:56
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14:56
Hot Stocks
Goldcorp agrees to acquire all Exeter Resource shares it does not already own »

Goldcorp (GG) announced…

GG

Goldcorp

$13.43

-0.24 (-1.76%)

XRA

Exeter Resource

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  • 27

    Jul

KBH

KB Home

$23.04

0.26 (1.14%)

14:49
06/27/17
06/27
14:49
06/27/17
14:49
Options
KB Home options imply 6.7% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 27

    Jun

CMCSA

Comcast

$39.59

0.09 (0.23%)

, CMCSK

Comcast

14:41
06/27/17
06/27
14:41
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Periodicals
NBC Sports to offer Premier League streaming package, Recode says »

NBCUniversal's NBC…

CMCSA

Comcast

$39.59

0.09 (0.23%)

CMCSK

Comcast

03/08/13
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  • 27

    Jul

CF

CF Industries

$27.08

-0.33 (-1.20%)

14:30
06/27/17
06/27
14:30
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14:30
Options
CF sees call buying »

CF sees call buying. The…

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14:30
06/27/17
06/27
14:30
06/27/17
14:30
General news
Yellen reiterated the Fed's commitment to price stability »

Yellen reiterated the…

MLHR

Herman Miller

$29.50

0.1 (0.34%)

14:27
06/27/17
06/27
14:27
06/27/17
14:27
Initiation
Herman Miller initiated  »

Herman Miller initiated…

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  • 06

    Jul

DECK

Deckers Brands

$67.76

0.82 (1.23%)

14:26
06/27/17
06/27
14:26
06/27/17
14:26
Hot Stocks
Marcato confirms letter to Deckers, says prepared to seek board ouster »

Marcato Capital, which…

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CAR

Avis Budget

$27.67

3.43 (14.15%)

14:25
06/27/17
06/27
14:25
06/27/17
14:25
Options
Avis Budget call volume above normal and directionally bullish »

Bullish option flow…

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DECK

Deckers Brands

$67.54

0.6018 (0.90%)

14:20
06/27/17
06/27
14:20
06/27/17
14:20
Periodicals
Marcato threatens proxy fight at Deckers Brands, CNBC reports »

CNBC's Leslie…

03/08/13
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$NSD

NASDAQ Market Internals

14:17
06/27/17
06/27
14:17
06/27/17
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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03/08/13
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03/06/13
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SPY

SPDR S&P 500 ETF Trust

$242.12

-1.1728 (-0.48%)

, SPX

S&P 500

14:16
06/27/17
06/27
14:16
06/27/17
14:16
Technical Analysis
Technical View: S&P 500 takes out channel low »

The S&P 500 (SPX) has…

SPY

SPDR S&P 500 ETF Trust

$242.12

-1.1728 (-0.48%)

SPX

S&P 500

03/08/13
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DECK

Deckers Brands

$67.53

0.59 (0.88%)

14:16
06/27/17
06/27
14:16
06/27/17
14:16
Periodicals
Marcato threatens proxy fight at Deckers Brands, CNBC reports 

Reference Link

03/08/13
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03/08/13
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03/06/13
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03/06/13
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$NYE

NYSE Market Internals

14:16
06/27/17
06/27
14:16
06/27/17
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/08/13
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03/06/13
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AZN

AstraZeneca

$34.59

-0.565 (-1.61%)

14:15
06/27/17
06/27
14:15
06/27/17
14:15
Options
AstraZeneca put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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  • 27

    Jun

14:10
06/27/17
06/27
14:10
06/27/17
14:10
General news
Treasury Action: Fed chair Yellen hasn't said anything on the policy path »

Treasury Action: Fed…

AIII

ACRE Realty Investors

14:09
06/27/17
06/27
14:09
06/27/17
14:09
Hot Stocks
Breaking Hot Stocks news story on ACRE Realty Investors »

ACRE Realty Investors…

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TDG

TransDigm

$264.99

-3.26 (-1.22%)

14:05
06/27/17
06/27
14:05
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14:05
Hot Stocks
TransDigm slips after Capitol Forum says DLA confirms active probe »

Shares of TransDigm are…

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ENFC

Entegra Financial

$23.40

0.25 (1.08%)

14:04
06/27/17
06/27
14:04
06/27/17
14:04
Downgrade
Entegra Financial rating change  »

Entegra Financial…

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AIII

ACRE Realty Investors

14:01
06/27/17
06/27
14:01
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14:01
Hot Stocks
ACRE Realty Investors announces board approval of dissolution »

ACRE Realty Investors…

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T

AT&T

$37.72

-0.4349 (-1.14%)

13:55
06/27/17
06/27
13:55
06/27/17
13:55
Options
AT&T put volume heavy and directionally bearish »

Bearish flow noted in…

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13:55
06/27/17
06/27
13:55
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13:55
General news
FX Action: USD-JPY »

FX Action: USD-JPY topped…

13:54
06/27/17
06/27
13:54
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13:54
General news
Senate GOP leaders delay healthcare vote until after July 4 recess, AP says 

Reference Link

13:53
06/27/17
06/27
13:53
06/27/17
13:53
General news
Market takes downturn, moves to session lows »

After moving in a narrow…

XRA

Exeter Resource

$1.61

-0.01 (-0.62%)

, GG

Goldcorp

$13.44

-0.23 (-1.68%)

13:51
06/27/17
06/27
13:51
06/27/17
13:51
Hot Stocks
Exeter Resource, Goldcorp enter agreement to proceed with acquisition »

Exeter Resource (XRA) has…

XRA

Exeter Resource

$1.61

-0.01 (-0.62%)

GG

Goldcorp

$13.44

-0.23 (-1.68%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 27

    Jul

NVDA

Nvidia

$152.15

-1.68 (-1.09%)

, AMD

AMD

$14.08

-0.09 (-0.64%)

13:49
06/27/17
06/27
13:49
06/27/17
13:49
Periodicals
Nvidia to launch graphics cards for cryptocurrency mining, CNBC says »

Nvidia (NVDA) will launch…

NVDA

Nvidia

$152.15

-1.68 (-1.09%)

AMD

AMD

$14.08

-0.09 (-0.64%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 15

    Aug

  • 29

    Aug

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