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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.

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ANET

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  • 12

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TKTDY

Takata Corporation

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0.05 (0.47%)

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DV

DeVry

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  • 09

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CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

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CVM

CEL-SCI

$0.12

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XOM

Exxon Mobil

$89.00

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FUL

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BIIB

Biogen

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SNY

Sanofi

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CSOD

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TACO

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  • 09

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UNVR

Univar

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PARN

Parnell

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BSX

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  • 12

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RTN

Raytheon

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CX

CEMEX

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PDEX

PRO-DEX

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PFBX

Peoples Financial

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QUIK

QuickLogic

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STRZA

Starz

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BEL

Belmond

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, SHAK

Shake Shack

$38.08

0.82 (2.20%)

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

SHAK

Shake Shack

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0.82 (2.20%)

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  • 09

    Jan

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