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PVTB

PrivateBancorp

$46.78

-0.18 (-0.38%)

09:24
12/01/16
12/01
09:24
12/01/16
09:24

PrivateBancorp shareholder Glazer Capital issues open letter to shareholders

PrivateBancorp shareholder Glazer Capital, the manager of investment funds that collectively beneficially own 1M shares of PrivateBancorp common stock, issued an open letter to PrivateBancorp shareholders detailing reasons for rejecting the proposed acquisition of PrivateBancorp by CIBC at the special meeting of PrivateBancorp shareholders scheduled to be held on December 8. The letter claims, among other things, that the CIBC Merger would prevent shareholders from realizing the benefits of the recent surge in regional bank valuations, that PrivateBancorp's board has no choice but to present the merger for a vote by shareholders at the Meeting, that rejection of the CIBC Merger at the upcoming Special Meeting would not jeopardize the CIBC Merger and is the best means available for shareholders to achieve full and fair value, that using traditional comparative valuation methodologies Glazer believes that PrivateBancorp's share price would exceed $50 per share absent the merger agreement with CIBC, and commends ISS for recommending that shareholders vote against the acquisition

  • 08

    Dec

PVTB PrivateBancorp
$46.78

-0.18 (-0.38%)

06/30/16
KBWI
06/30/16
DOWNGRADE
KBWI
Market Perform
PrivateBancorp downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded PrivateBancorp to Market Perform following the company's sale to CIBC at $47 per share.
06/30/16
RAJA
06/30/16
DOWNGRADE
RAJA
Market Perform
PrivateBancorp downgraded to Market Perform from Strong Buy at Raymond James
Raymond James analyst David Long downgraded Privatebancorp (PVTB) to Market Perform following the acquisition by CIBC (CM) saying he does not expected a competing bid to come to the table.
06/30/16
RBCM
06/30/16
DOWNGRADE
RBCM
Sector Perform
PrivateBancorp downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded PrivateBancorp after the company agreed to be acquired by CIBC. Target $46.
06/30/16
06/30/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. Diamond Resorts (DRII) downgraded to Neutral from Buy at Goldman by analyst Steven Kent after the company agreed to be acquired by Apollo Global Management (APO) for $30.25 per share. The analyst keeps his price target of $32 for the shares. MKM Partners also downgraded Diamond Resorts to Neutral from Buy. 2. Qualcomm (QCOM) downgraded to Market Perform from Outperform by Bernstein, which kept a $55 target on the stock. The firm thinks that estimates for the company's September quarter remain too high, due to unrealistic licensing expectations. Bernstein adds that the company has long-term "structural issues." 3. TESARO (TSRO) downgraded to Hold from Buy at Jefferies by analyst Eun Yang, citing yesterday's rally on the company's positive Phase 3 data for niraparib in ovarian cancer. The data were better than expected, but so was the stock move, Yang tells investors in a research note. The analyst prefers a Hold rating ahead of the full data set as well as competitor data in the second half of 2016 and 2017. She lists a potential takeout and competitor data not being as good as niraparib as risks to her downgrade. Yang raised her price target for TESARO shares to $75 from $53.4. PrivateBancorp (PVTB) downgraded to Market Perform from Outperform at Keefe Bruyette by analyst David Long following the acquisition by CIBC (CM) saying he does not expected a competing bid to come to the table. PrivateBancorp was also downgraded to Market Perform from Outperform at Keefe Bruyette. 5. Spirit AeroSystems (SPR) downgraded to Market Perform from Outperform at Wells Fargo by analyst Sam Pearlstein, saying a charge for the A350 could make multiple expansion difficult. Spirit could be close to finishing a revised A350 pricing agreement that, when completed, could trigger a reach-forward loss accrual of around $200M, Pearlstein says. The analyst lowered his price target range for the shares to $50-$55 from $55-$60.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

EW

Edwards Lifesciences

$111.95

13.0251 (13.17%)

, TSS

TSYS

$57.36

3.05 (5.62%)

09:56
04/26/17
04/26
09:56
04/26/17
09:56
Options
Early notable gainers among liquid option names on April 26th »

Notable gainers among…

EW

Edwards Lifesciences

$111.95

13.0251 (13.17%)

TSS

TSYS

$57.36

3.05 (5.62%)

PRGO

Perrigo

$71.08

3.27 (4.82%)

HES

Hess Corp.

$50.18

1.535 (3.16%)

WYN

Wyndham

$95.08

2.86 (3.10%)

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  • 26

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    Apr

09:54
04/26/17
04/26
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04/26/17
09:54
General news
Quiet open for market after two day surge »

Stock futures traded near…

IRBT

iRobot

$69.14

-0.12 (-0.17%)

09:52
04/26/17
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Technical Analysis
iRobot ticks $80 after results, levels to watch »

The stock has hit a new…

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  • 26

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ESRX

Express Scripts

$60.01

-7.24 (-10.77%)

, ANTM

Anthem

$175.95

3.4889 (2.02%)

09:52
04/26/17
04/26
09:52
04/26/17
09:52
Hot Stocks
Express Scripts says 'still best long-term partner' for Anthem, Bloomberg says »

Express Scripts (ESRX)…

ESRX

Express Scripts

$60.01

-7.24 (-10.77%)

ANTM

Anthem

$175.95

3.4889 (2.02%)

03/08/13
Wedge Partners
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03/06/13
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  • 26

    Apr

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GRMN

Garmin

$50.74

0.45 (0.89%)

09:51
04/26/17
04/26
09:51
04/26/17
09:51
Options
Put buyers in Garmin ahead of earnings »

Put buyers in Garmin…

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03/08/13
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  • 03

    May

STT

State Street

$81.93

1.305 (1.62%)

09:49
04/26/17
04/26
09:49
04/26/17
09:49
Hot Stocks
State Street sees NIM up in mid single digit range in Q2 »

State Street says making…

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  • 26

    Apr

TSS

TSYS

09:45
04/26/17
04/26
09:45
04/26/17
09:45
Technical Analysis
TSYS trades higher after results, price target bump »

Shares are trading up…

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03/06/13
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AOS

A.O. Smith

, GRMN

Garmin

$50.74

0.45 (0.89%)

09:41
04/26/17
04/26
09:41
04/26/17
09:41
Options
Unusually active option classes on open April 26th »

Unusual total active…

AOS

A.O. Smith

GRMN

Garmin

$50.74

0.45 (0.89%)

SYF

Synchrony

CS

Credit Suisse

TWTR

Twitter

YELP

Yelp

MOMO

Momo

$38.16

-0.29 (-0.75%)

COST

Costco

$172.68

0.35 (0.20%)

LVS

Las Vegas Sands

C

Citi

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

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    May

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    May

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    May

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    Jun

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    Jun

  • 25

    Jul

ANTM

Anthem

, CI

Cigna

09:38
04/26/17
04/26
09:38
04/26/17
09:38
Hot Stocks
Anthem says 'continually committed' to Cigna acquisition »

Anthem CEO Joe Swedish…

ANTM

Anthem

CI

Cigna

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

    Apr

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    Apr

  • 05

    May

  • 18

    May

DPS

Dr Pepper Snapple

09:37
04/26/17
04/26
09:37
04/26/17
09:37
Technical Analysis
Dr Pepper Snapple breaks uptrend off November lows, levels to watch »

The stock was last at…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 26

    Apr

AAL

American Airlines

$46.61

0.17 (0.37%)

, JBLU

JetBlue

$22.47

0.72 (3.31%)

09:34
04/26/17
04/26
09:34
04/26/17
09:34
Periodicals
American, JetBlue, Delta seek additional flights to Havana, Miami Herald reports »

American Airlines (AAL),…

AAL

American Airlines

$46.61

0.17 (0.37%)

JBLU

JetBlue

$22.47

0.72 (3.31%)

DAL

Delta Air Lines

SAVE

Spirit Airlines

$57.87

-0.13 (-0.22%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

    Apr

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    May

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    Jun

LVS

Las Vegas Sands

, PENN

Penn National

$18.75

0.09 (0.48%)

09:34
04/26/17
04/26
09:34
04/26/17
09:34
Hot Stocks
Nevada reports March Statewide gaming win up 7.45% to $991.0M »

Reports March Las Vegas…

LVS

Las Vegas Sands

PENN

Penn National

$18.75

0.09 (0.48%)

MGM

MGM Resorts

CZR

Caesars

$10.00

0.05 (0.50%)

WYNN

Wynn Resorts

$118.22

2.65 (2.29%)

BYD

Boyd Gaming

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

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    Apr

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    Apr

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    May

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    May

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    May

WNEB

Western New England Bancorp

$10.45

0.15 (1.46%)

09:32
04/26/17
04/26
09:32
04/26/17
09:32
Earnings
Western New England Bancorp reports Q1 EPS 17c, consensus 11c »

The net interest margin…

03/08/13
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03/06/13
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  • 18

    May

CHRW

C.H. Robinson

$77.70

0.11 (0.14%)

09:32
04/26/17
04/26
09:32
04/26/17
09:32
Technical Analysis
C.H. Robinson trades down post-earnings »

Shares were last down…

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  • 26

    Apr

  • 03

    May

GME

GameStop

, NTDOY

Nintendo

$31.65

0.55 (1.77%)

09:32
04/26/17
04/26
09:32
04/26/17
09:32
Hot Stocks
GameStop announces new supply of Nintendo Switch systems available »

Just in time for the…

GME

GameStop

NTDOY

Nintendo

$31.65

0.55 (1.77%)

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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  • 31

    May

BHP

BHP Billiton

09:32
04/26/17
04/26
09:32
04/26/17
09:32
Upgrade
BHP Billiton rating change  »

BHP Billiton upgraded to…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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ANTM

Anthem

, CI

Cigna

09:31
04/26/17
04/26
09:31
04/26/17
09:31
Hot Stocks
Anthem sees appeal court decision on Cigna deal as 'relatively imminent' »

Anthem (ANTM) CEO Joe…

ANTM

Anthem

CI

Cigna

03/08/13
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03/06/13
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  • 26

    Apr

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    Apr

  • 05

    May

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    May

CHTR

Charter

$344.50

4.14 (1.22%)

, AMCX

AMC Networks

$59.60

0.81 (1.38%)

09:31
04/26/17
04/26
09:31
04/26/17
09:31
Hot Stocks
AMC Networks, Charter Communications announce content partnership »

Charter Communications…

CHTR

Charter

$344.50

4.14 (1.22%)

AMCX

AMC Networks

$59.60

0.81 (1.38%)

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

    Apr

  • 02

    May

  • 04

    May

NCI

Navigant Consulting

09:31
04/26/17
04/26
09:31
04/26/17
09:31
Earnings
Navigant Consulting names Lee Spirer Chief Growth and Transformation Officer »

Navigant announced Lee…

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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  • 03

    May

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    May

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    May

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    May

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    May

SFM

Sprouts Farmers Market

$22.66

0.68 (3.09%)

09:30
04/26/17
04/26
09:30
04/26/17
09:30
Downgrade
Sprouts Farmers Market rating change  »

Sprouts Farmers Market…

03/08/13
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03/06/13
Citigroup
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  • 04

    May

  • 20

    Jun

TYL

Tyler Technologies

09:29
04/26/17
04/26
09:29
04/26/17
09:29
Hot Stocks
Tyler Technologies signs $20M agreement with NY State »

Tyler Technologies signed…

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  • 27

    Apr

CBOE

CBOE Holdings

$84.16

0.32 (0.38%)

09:29
04/26/17
04/26
09:29
04/26/17
09:29
Syndicate
CBOE Holdings 2.25M share Block Trade priced at $83.25 »

The deal range was…

03/08/13
Wedge Partners
03/08/13
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  • 09

    May

  • 26

    Apr

FDX

FedEx

09:28
04/26/17
04/26
09:28
04/26/17
09:28
Hot Stocks
FedEx extends official sponsorship of NFL »

FedEx announced today the…

03/08/13
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Citigroup
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  • 02

    May

  • 09

    May

  • 09

    May

GABC

German American Bancorp

$34.85

1.36 (4.06%)

09:28
04/26/17
04/26
09:28
04/26/17
09:28
Downgrade
German American Bancorp rating change  »

German American Bancorp…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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TWTR

Twitter

, FCAU

Fiat Chrysler

09:27
04/26/17
04/26
09:27
04/26/17
09:27
Hot Stocks
On The Fly: Pre-market Movers »

UP AFTER EARNINGS:…

TWTR

Twitter

FCAU

Fiat Chrysler

IRBT

iRobot

$69.14

-0.12 (-0.17%)

EW

Edwards Lifesciences

TEL

TE Connectivity

WYNN

Wynn Resorts

$118.22

2.65 (2.29%)

X

U.S. Steel

STX

Seagate

$50.51

1.09 (2.21%)

CREE

Cree

$24.82

0.07 (0.28%)

COF

Capital One

BABY

Natus Medical

$40.40

-0.2 (-0.49%)

FLXN

Flexion

$25.96

-0.25 (-0.95%)

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