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EMR

Emerson

$56.44

2.04 (3.75%)

08:19
12/01/16
12/01
08:19
12/01/16
08:19

Emerson completes sale of Network Power unit to Platinum Equity

Emerson announced that it has completed the sale of its Network Power business to Platinum Equity and a group of co-investors. Emerson received proceeds of $4B and retained a subordinated interest in the business.

EMR Emerson
$56.44

2.04 (3.75%)

10/12/16
10/12/16
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. Norfolk Southern (NSC) downgraded to Underperform from Market Perform at Avondale with Donald Broughton saying he continues to believe volumes will continue to decline, yields will continue to disappoint, cost savings will be increasingly harder to achieve, return on invested capital will continue to deteriorate, and the combination of those factors should result in fiscal 2017 earnings below fiscal 2016, pressuring valuation. 2. Fortinet (FTNT) downgraded to Equal Weight from Overweight at Stephens with analyst Jonathan Ruykhaver saying he believes that in addition to slower overall growth in the network security market, heightened competition is impacting sales growth. 3. Alcoa (AA) downgraded to Neutral from Buy at BofA/Merrill with analyst Timna Tanners saying she believes Alcoa's aerospace-focused downstream segment will continue to struggle with execution issues and delays over the next several quarters. 4. Emerson (EMR) downgraded to Sell from Neutral at UBS with analyst Shannon O'Callaghan saying analysts need to lower estimates to reflect Emerson's portfolio transformation, pension headwinds and end market pressures. 5. Nanometrics (NANO) downgraded to Sector Weight from Overweight at Pacific Crest with analyst Weston Twigg saying 3D NAND equipment demand is likely to peak in 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/16
UBSW
10/12/16
DOWNGRADE
Target $44
UBSW
Sell
Emerson downgraded to Sell from Neutral at UBS
UBS analyst Shannon O'Callaghan downgraded Emerson Electric to Sell on expectations 2017 consensus estimates will "decline significantly." Analysts need to lower estimates to reflect Emerson's portfolio transformation, pension headwinds and end market pressures, O'Callaghan tells investors in a research note. The analyst cut Emerson's price target to $44 from $53.
10/07/16
HSBC
10/07/16
INITIATION
Target $42
HSBC
Reduce
Emerson initiated with a Reduce at HSBC
HSBC analyst Debashis Chand initiated Emerson with a Reduce and a $42 price target given unfavourable end market exposure and does not expect any earnings upgrades soon despite the ongoing restructuring initiatives.
10/03/16
BREN
10/03/16
INITIATION
Target $41
BREN
Sell
Emerson initiated with a Sell at Berenberg
Berenberg analyst Simon Toennessen initiated Emerson with a Sell and a $41 price target due to cyclical pressures, a lackluster dividend outlook, valuation, and lack of transformative M&A.

TODAY'S FREE FLY STORIES

GS

Goldman Sachs

$249.02

1.67 (0.68%)

, TAL

TAL Education

$85.58

0.33 (0.39%)

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GS

Goldman Sachs

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1.67 (0.68%)

TAL

TAL Education

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0.33 (0.39%)

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  • 02

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    Mar

MYGN

Myriad Genetics

$18.98

-0.07 (-0.37%)

, VCYT

Veracyte

$7.95

0.06 (0.76%)

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Myriad Genetics

$18.98

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VCYT

Veracyte

$7.95

0.06 (0.76%)

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  • 01

    Mar

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Treasury Action: yield have spiked higher as rate hike fears flare up »

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LJPC

La Jolla

$19.87

1.65 (9.06%)

13:39
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La Jolla price target raised to $40 from $27 at Jefferies »

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  • 27

    Feb

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NH

NantHealth

$7.54

-0.08 (-1.05%)

, MDRX

Allscripts

$12.05

-0.11 (-0.90%)

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NH

NantHealth

$7.54

-0.08 (-1.05%)

MDRX

Allscripts

$12.05

-0.11 (-0.90%)

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  • 22

    Mar

VRAY

ViewRay

$4.76

0.01 (0.21%)

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  • 28

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AIG

AIG

$63.97

0.34 (0.53%)

13:29
02/27/17
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Periodicals
AIG board to discuss whether to penalize or oust CEO over Q4 numbers, WSJ says »

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  • 27

    Feb

  • 05

    Mar

HAIN

Hain Celestial

$34.61

-0.23 (-0.66%)

13:26
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Options
Hain Celestial call volume above normal and directionally bullish »

Bullish option flow…

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BLUE

bluebird bio

$82.00

3.7 (4.73%)

13:19
02/27/17
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13:19
Downgrade
bluebird bio rating change  »

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  • 27

    Apr

$NSD

NASDAQ Market Internals

13:17
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

13:16
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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BLUE

bluebird bio

$82.00

3.7 (4.73%)

13:15
02/27/17
02/27
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13:15
Downgrade
bluebird bio rating change  »

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  • 27

    Apr

STM

STMicroelectronics

$15.49

0.485 (3.23%)

13:06
02/27/17
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Options
STMicroelectronics call volume above normal and directionally bullish »

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XOM

Exxon Mobil

$81.47

0.385 (0.47%)

13:05
02/27/17
02/27
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Periodicals
Exxon CEO sees rising Permian production, continued Russia presence, Forbes says »

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  • 01

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SAFM

Sanderson Farms

$94.44

-0.72 (-0.76%)

13:01
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Conference/Events
Sanderson Farms management to meet with JPMorgan »

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  • 03

    Mar

DDAIF

Daimler AG

$72.92

-0.39 (-0.53%)

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MMM

3M

$186.67

-0.7399 (-0.39%)

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TRVG

trivago

$12.85

-0.13 (-1.00%)

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  • 02

    Mar

SSNLF

Samsung

, FB

Facebook

$135.44

0.08 (0.06%)

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  • 27

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  • 06

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    Mar

SNAP

Snap Inc.

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  • 02

    Mar

MRVL

Marvell

12:51
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Notable premium seller in Marvell Tech »

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  • 27

    Feb

  • 10

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WLL

Whiting Petroleum

$10.95

0.15 (1.39%)

12:46
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Options
Whiting Petroleum call volume above normal and directionally bullish »

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  • 01

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CLSD

Clearside Biomedical

$8.06

1.16 (16.81%)

12:45
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  • 27

    Feb

SBGSY

Schneider Electric

$13.49

-0.21 (-1.53%)

12:44
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Conference/Events
Schneider Electric management to meet with JPMorgan »

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  • 27

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MTB

M&T Bank

$168.14

-0.535 (-0.32%)

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