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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.

TODAY'S FREE FLY STORIES

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04:55
Conference/Events
Peters & Co. hold a conference »

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0.15 (0.41%)

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AMGN

Amgen

$154.67

0.87 (0.57%)

, BAYRY

Bayer

$109.31

0.98 (0.90%)

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American Society of Clinical Oncology to hold a symposium »

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AMGN

Amgen

$154.67

0.87 (0.57%)

BAYRY

Bayer

$109.31

0.98 (0.90%)

BMY

Bristol-Myers

$49.23

-6.26 (-11.28%)

CCXI

ChemoCentryx

$7.56

-0.32 (-4.06%)

CELG

Celgene

$112.66

-0.96 (-0.84%)

DNA

Bought by RHHBY

EXEL

Exelixis

$17.92

0.02 (0.11%)

HALO

Halozyme

$11.50

0.42 (3.79%)

LXRX

Lexicon

$13.84

-0.19 (-1.35%)

MACK

Merrimack

$3.00

-0.05 (-1.64%)

MRK

Merck

$62.53

2.2 (3.65%)

NVS

Novartis

$70.65

0.22 (0.31%)

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KATE

Kate Spade

$17.76

-0.07 (-0.39%)

, COH

Coach

$35.31

0.21 (0.60%)

18:54
01/20/17
01/20
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18:54
Periodicals
Kate Spade draws interest from Coach, Michael Kors, Bloomberg reports »

Kate Spade (KATE) is…

KATE

Kate Spade

$17.76

-0.07 (-0.39%)

COH

Coach

$35.31

0.21 (0.60%)

KORS

Michael Kors

$42.46

0.43 (1.02%)

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  • 07

    Feb

CTIC

CTI BioPharma

$4.97

-0.1 (-1.97%)

18:14
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01/20
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CTI BioPharma regains compliance with Nasdaq Listing Rule »

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ABT

Abbott

$40.46

0.06 (0.15%)

18:06
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01/20
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Abbott sponsored study shows SCS therapy can reduce, stabilize opioid use »

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WMT

Wal-Mart

$67.18

-0.44 (-0.65%)

18:02
01/20/17
01/20
18:02
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18:02
Periodicals
Wal-Mart begins corporate job cuts at headquarters, WSJ reports »

Wal-Mart has started on…

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COH

Coach

$35.31

0.21 (0.60%)

, KORS

Michael Kors

$42.46

0.43 (1.02%)

17:46
01/20/17
01/20
17:46
01/20/17
17:46
Periodicals
Breaking Periodicals news story on Coach, Michael Kors, Kate Spade »

Coach, Michael Kors to…

COH

Coach

$35.31

0.21 (0.60%)

KORS

Michael Kors

$42.46

0.43 (1.02%)

KATE

Kate Spade

$17.76

-0.07 (-0.39%)

03/08/13
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  • 07

    Feb

BELFB

Bel Fuse

$31.80

0.2 (0.63%)

17:33
01/20/17
01/20
17:33
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17:33
Hot Stocks
Gabelli reports 23.15% stake in Bel Fuse »

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RMD

ResMed

$63.65

0.75 (1.19%)

17:32
01/20/17
01/20
17:32
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17:32
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ResMed, BMC, 3B Medical settle global litigation »

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NOG

Northern Oil and Gas

$3.50

0.05 (1.45%)

17:27
01/20/17
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Breaking Hot Stocks news story on Northern Oil and Gas »

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BTE

Baytex Energy

$4.06

0.01 (0.25%)

17:12
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Baytex Energy closes Peace River acquisition »

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FGEN

FibroGen

$25.60

1 (4.07%)

17:09
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FibroGen 'encouraged' by updated pamrevlumab clinical data »

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IIPR

Innovative Industrial Properties

$18.86

-0.199 (-1.04%)

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Breaking Hot Stocks news story on Innovative Industrial Properties »

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SITE

SiteOne Landscape

$37.26

0.41 (1.11%)

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SiteOne Landscape acquires Aspen Valley Landscape Supply »

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ITCB

Itau Corpbanca

$12.55

-0.08 (-0.63%)

17:01
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Itau Corpbanca files Material Event Notice »

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GS

Goldman Sachs

$232.20

0.79 (0.34%)

16:50
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Goldman Sachs chief accounting officer Smith to become global head of compliance »

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DTEA

DAVIDsTEA

$6.65

0.1 (1.53%)

16:47
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DAVIDsTEA announces two leadership departures »

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WMT

Wal-Mart

$67.18

-0.44 (-0.65%)

, BAYRY

Bayer

$109.31

0.98 (0.90%)

16:47
01/20/17
01/20
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16:47
General news
On The Fly: Stocks end week mixed as Trump takes office »

Stocks ended the week…

WMT

Wal-Mart

$67.18

-0.44 (-0.65%)

BAYRY

Bayer

$109.31

0.98 (0.90%)

GM

General Motors

$37.01

-0.29 (-0.78%)

NFLX

Netflix

$138.60

0.19 (0.14%)

XOM

Exxon Mobil

$85.89

1.16 (1.37%)

JCP

J.C. Penney

$6.85

0.16 (2.39%)

NKE

Nike

$53.20

0.27 (0.51%)

CSX

CSX

$44.33

-1.18 (-2.59%)

CP

Canadian Pacific

$150.99

0.68 (0.45%)

FWP

Forward Pharma

$30.76

2.01 (6.99%)

CWEI

Clayton Williams

$146.85

-1.18 (-0.80%)

NBL

Noble Energy

$40.21

-0.06 (-0.15%)

RAI

Reynolds American

$58.71

0.13 (0.22%)

BTI

British American Tobacco

$117.30

0.54 (0.46%)

LLY

Eli Lilly

$76.81

-0.03 (-0.04%)

CLCD

CoLucid Pharmaceuticals

$46.25

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WBA

Walgreens Boots Alliance

$81.72

-1.77 (-2.12%)

RAD

Rite Aid

$7.46

-1.14 (-13.26%)

TGT

Target

$64.10

-1.29 (-1.97%)

GIMO

Gigamon

$34.20

1.35 (4.11%)

PSO

Pearson

FAST

Fastenal

$51.24

0.69 (1.37%)

CHKP

Check Point

$97.79

1.45 (1.51%)

PG

Procter & Gamble

$87.45

2.75 (3.25%)

IBM

IBM

$170.55

3.74 (2.24%)

SWKS

Skyworks

$88.67

10.21 (13.01%)

MS

Morgan Stanley

$42.59

0.14 (0.33%)

PRGS

Progress Software

$28.18

0.16 (0.57%)

CMA

Comerica

$66.96

0.65 (0.98%)

UNH

UnitedHealth

$158.66

-0.04 (-0.03%)

GS

Goldman Sachs

$232.20

0.79 (0.34%)

C

Citi

$56.11

-0.55 (-0.97%)

RCII

Rent-A-Center

$8.40

0.09 (1.08%)

GE

General Electric

$30.53

-0.68 (-2.18%)

AXP

American Express

$76.20

-0.49 (-0.64%)

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TSO

Tesoro

$80.48

-0.08 (-0.10%)

16:42
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Breaking Hot Stocks news story on Tesoro »

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MS

Morgan Stanley

$42.59

0.14 (0.33%)

, OIBR

Oi S.A.

16:40
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Breaking Hot Stocks news story on Morgan Stanley, Oi S.A.  »

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MS

Morgan Stanley

$42.59

0.14 (0.33%)

OIBR

Oi S.A.

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UMH

UMH Properties

16:36
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UMH Properties closes acquisition of two Ohio communities for about $9.6M »

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BIOP

Bioptix

$3.43

0.01 (0.29%)

16:36
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Bioptix announces workforce reductions »

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CVX

Chevron

$115.60

0.02 (0.02%)

16:35
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Court rejects attempt to enforce Ecuadorian judgment against Chevron unit »

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MIME

Mimecast

$21.42

-0.95 (-4.25%)

16:34
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Breaking Syndicate news story on Mimecast »

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