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BAYRY

Bayer

$106.77

-0.905 (-0.84%)

, MON

Monsanto

$108.48

0.04 (0.04%)

15:24
01/11/17
01/11
15:24
01/11/17
15:24

Bayer, Monsanto execs pitch tie-up to Trump, WSJ says

Top executives at Bayer (BAYRY) and Monsanto (MON) held a meeting with Donald Trump in New York to pitch their proposed tie-up to the U.S. president-elect, the Wall Street Journal reports. Bayer CEO Werner Baumann and Monsanto CEO Hugh Grant outlined the planned $57B transaction, the report says, citing representatives for the companies. Several members of Trump's agricultural advisory committee have spoken out against such large deals and called for Trump to block them, the report notes. Reference Link

BAYRY

Bayer

$106.77

-0.905 (-0.84%)

MON

Monsanto

$108.48

0.04 (0.04%)

  • 19

    Jan

  • 27

    Jan

BAYRY Bayer
$106.77

-0.905 (-0.84%)

12/19/16
JEFF
12/19/16
DOWNGRADE
Target $48
JEFF
Underperform
Merck downgraded to Underperform from Hold at Jefferies
Jefferies analyst Jeffrey Holford downgraded Merck (MRK) to Underperform, his firm's sell-rating equivalent. The analyst sees Pharmaceutical sector fundamentals weakening in 2017 amid political overhangs and an adverse macro environment. Potential dual eligible rebate reform is the most significant risk, Holford tells investors in a research note. Specific to Merck, the analyst expects further pressure on Keytruda in 2018, driven by share losses in non-small cell lung cancer to Bristol-Myers Squibb (BMY), AstraZeneca (AZN) and Roche (RHHBY). Merck screens poorly on many valuation metrics, Holford contends. He lowered his price target for the shares to $48 from $59. The stock closed Friday up 7c to $62.44. The analyst this morning also upgraded both Bristol-Myers Squibb (BMY) and Bayer (BAYRY) to Buy from Hold. His top picks in Pharmaceuticals are AbbVie (ABBV) and Eli Lilly (LLY) for the U.S. and AstraZeneca and Novartis (NVS) in Europe.
12/19/16
12/19/16
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. Bristol-Myers (BMY) and Bayer (BAYRY) were upgraded to Buy from Hold at Jefferies. 2. Costco (COST) upgraded to Buy from Neutral at Citi with analyst Kate McShane saying she sees a "clear path" to accelerating same-store-sales growth in fiscal 2017 as gasoline price deflation headwinds abate and benefits arise from the new co-branded credit card. 3. United Technologies (UTX) upgraded to Outperform from Neutral at Credit Suisse with analyst Julian Mitchell saying he believes consensus estimates are poised to move higher after years of heavy investment spending drive an earnings recovery. 4. ASML (ASML) upgraded to Buy from Neutral at BofA/Merrill with analyst Kai Korschelt saying a recent expert's call indicates progress with Extreme Ultraviolet/EUV lightsource optics & ecosystem and sees improving volume visibility from 2018 forward. 5. Gulfport Energy (GPOR) upgraded to Buy from Neutral at Guggenheim and to Overweight from Equal Weight at Stephens. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/17
JPMS
01/04/17
UPGRADE
JPMS
Overweight
Bayer upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Richard Vosser upgraded Bayer to Overweight saying the valuation is "cheap" while the company has limited exposure to Pharma sector headwinds.
01/06/17
JPMS
01/06/17
NO CHANGE
Target $128
JPMS
Overweight
Monsanto shares are mispriced, says JPMorgan
JPMorgan analyst Jeffrey Zekauskas says Monsanto (MON) shares are mispriced and offer an attractive risk/reward proposition. A first catalyst for the shares would be regulatory agreement in the Dow Chemical (DOW)/DuPont (DD) transaction, Zekauskas tells investors in a research note. The analyst thinks a favorable resolution to the Dow/DuPont merger would be seen as improving the probability of the success of the Bayer/Monsanto transaction. He notes that Bayer has agreed to purchase Monsanto for $128 per share in cash, which represents 21% appreciation potential should the deal close by year-end. Zekauskas thinks a "reasonable floor" price for Monsanto shares, should the deal fail, is $102. He keeps an Overweight rating on the name with a $128 price target.
MON Monsanto
$108.48

0.04 (0.04%)

11/18/16
OTRG
11/18/16
UPGRADE
OTRG
Mixed
Monsanto upgraded to Mixed from Negative at OTR Global
01/06/17
LYON
01/06/17
UPGRADE
LYON
Outperform
Monsanto upgraded to Outperform from Underperform at CLSA
01/06/17
LYON
01/06/17
UPGRADE
LYON
Outperform
Monsanto upgraded to Outperform on valuation at CLSA
As previously reported, CLSA upgraded Monsanto to Outperform from Underperform and raised its price target to $115 from $110. Analyst Mark Connelly continues to see a very high chance that the deal with Bayer will be rejected, he no longer see significant risk to the stock below $90, making the risk reward more attractive.

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ICPT

Intercept

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SAFM

Sanderson Farms

$162.06

1.5 (0.93%)

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SAFM

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$162.06

1.5 (0.93%)

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SAFM

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1.5 (0.93%)

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MIK

Michaels

$21.42

-0.03 (-0.14%)

15:30
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$NSD

NASDAQ Market Internals

15:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

15:16
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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15:15
09/21/17
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General news
Treasury Closing Summary: »

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Fedspeak is heavy next week, with 12 Committee members scheduled »

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CSX

CSX

$52.81

1.03 (1.99%)

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GE

General Electric

$24.65

0.33 (1.36%)

15:05
09/21/17
09/21
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15:05
Options
General Electric call volume above normal and directionally bullish »

Bullish option flow…

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  • 02

    Oct

ICPT

Intercept

$98.12

1.92 (2.00%)

15:00
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09/21
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15:00
Downgrade
Intercept rating change  »

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SNAP

Snap

$13.70

-0.46 (-3.25%)

14:57
09/21/17
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Periodicals
Snap cuts headcount at hardware lab, maker of spectacles, Bloomberg says »

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YELP

Yelp

$43.73

-0.44 (-1.00%)

14:55
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Options
Yelp put volume heavy and directionally bearish »

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  • 03

    Oct

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General news
Canada CPI preview »

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14:50
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Canada retail sales preview »

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ICPT

Intercept

$98.12

1.92 (2.00%)

14:49
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Intercept analyst commentary  »

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14:45
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09/21
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Conference/Events
Cowen retail analyst hold an analyst/industry conference call »

Retailing/Specialty…

PSTG

Pure Storage

$15.32

0.49 (3.30%)

14:45
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Options
Pure Storage call volume above normal and directionally bullish »

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  • 07

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NLSN

Nielsen

$40.48

0.06 (0.15%)

, CBS

CBS

$58.90

-0.155 (-0.26%)

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CBS to use Nielsen Out-of-Home Reporting Service »

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NLSN

Nielsen

$40.48

0.06 (0.15%)

CBS

CBS

$58.90

-0.155 (-0.26%)

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  • 27

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ALNY

Alnylam

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ESRX

Express Scripts

$61.82

0.82 (1.34%)

, NVS

Novartis

$85.01

-0.77 (-0.90%)

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ESRX

Express Scripts

$61.82

0.82 (1.34%)

NVS

Novartis

$85.01

-0.77 (-0.90%)

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  • 21

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    Oct

  • 08

    Nov

  • 17

    May

ALNY

Alnylam

$113.84

38.8 (51.71%)

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MTX

Minerals Technologies

$69.50

1.1 (1.61%)

14:33
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Minerals Technologies authorizes $150M, two-year share repurchase program »

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