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KKR

KKR

$17.04

-0.185 (-1.07%)

, TOSBF

Toshiba, also use TOSYY

$2.03

0.072 (3.68%)

15:03
04/21/17
04/21
15:03
04/21/17
15:03

KKR, INCJ plan offer for Toshiba memory unit, Nikkei reports

KKR (KKR) and the INCJ will tender a joint bid for Toshiba's (TOSBF) memory business that would likely place them in pole position, Nikkei Asian Review reports. The group is expected to participate in a second round of bidding next month after performing due diligence on the unit, the report says. Toshiba partner Western Digital (WDC) and the Development Bank of Japan may take part as well, the report says. Toshiba intends to select a winner before its general shareholders meeting in late June, the report notes. Reference Link

KKR

KKR

$17.04

-0.185 (-1.07%)

TOSBF

Toshiba, also use TOSYY

$2.03

0.072 (3.68%)

TOSYY

Toshiba, also use TOSBF

$12.11

0.385 (3.28%)

WDC

Western Digital

$84.41

1.61 (1.94%)

  • 27

    Apr

  • 27

    Apr

KKR KKR
$17.04

-0.185 (-1.07%)

07/07/16
FBCO
07/07/16
INITIATION
Target $16
FBCO
Outperform
KKR reinstated with an Outperform at Credit Suisse
Target $16.
02/02/17
KEYB
02/02/17
NO CHANGE
KEYB
Air Methods sale would 'at least attract initial interest,' says KeyBanc
After The Wall Street Journal reported that Air Methods (AIRM) is in the early stages of selling itself, KeyBanc says that a sale of the company "would at least attract initial interest from both financial and strategic buyers." However, the firm is unsure as to whether a deal would close, given what it sees as Air Methods' "operational challenges." KeyBanc estimates that "a non-strategic buyer" of Air Methods could pay in the low to mid $40s per share for the stock. However, it thinks that Air Medical Group Holdings and KKR could offer a meaningfully higher price, given the $30M-$40M in synergies thatit estimates could be realized by such a deal. KeyBanc raised its price target on Air Methods to $45 from $36 and keeps an Overweight rating on it.
04/17/17
SBSH
04/17/17
DOWNGRADE
Target $19
SBSH
Neutral
KKR downgraded to Neutral from Buy at Citi
Citi analyst William Katz downgraded KKR to Neutral and lowered his price target for the shares to $19 from $20.50. The analyst views the stock's valuation relative to peers as less attractive at current levels.
04/17/17
04/17/17
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. Eli Lilly (LLY) was downgraded to Equal Weight from Overweight at Morgan Stanley and to Underperform from Market Perform at BMO Capital. 2. Incyte (INCY) downgraded to Neutral from Overweight at Piper Jaffray with analyst Joshua Schimmer citing the complete response letter from the FDA for baricitinib, indicating a need to determine appropriate doses. This setback could take years and lead to approval of only the lower dose, leaving potentially little differentiation from Pfizer's (PFE) rheumatoid arthritis treatment Xeljanz," Schimmer tells investors in a research note. The analyst prefers to wait for a "cleaner entry point" into the shares. 3. KKR (KKR) downgraded to Neutral from Buy at Citi with analyst William Katz saying he views the stock's valuation relative to peers as less attractive at current levels. 4. Monster Beverage (MNST) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Judy Hong saying she expects shares to be range-bound near-term due to soft core Monster sales trends in the US. 5. PNC Financial (PNC) downgraded to Hold from Buy at Rafferty Capital with analyst Richard Bove saying bank stock valuations are too high and growth is lacking. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TOSBF Toshiba, also use TOSYY
$2.03

0.072 (3.68%)

01/20/17
DBAB
01/20/17
DOWNGRADE
DBAB
Hold
Toshiba downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Yu Yoshida downgraded Toshiba to Hold citing dilution risk following reports of mounting impairment losses.
02/27/17
MAXM
02/27/17
NO CHANGE
Target $11
MAXM
Buy
Vuzix smart glasses pact with Toshiba a pivotal event, says Maxim
Maxim analyst Brian Kinstlinger noted that Toshiba's (TOSBF) pact with Vuzix (VUZI) for a custom pair of smart glasses based on the recent M300s comes just a year after Toshiba canceled the release of their Wearvue smart glasses and views the deal as validation that Vuzix is a "clear leader" in smart glasses technology. The analyst, who sees the development agreement as a pivotal event for Vuzix, suggests investors buy Vuzix shares ahead of the ramp in revenues he expects in 2017 and reiterates a Buy rating and $11 price target on the stock.
03/17/17
RBCM
03/17/17
NO CHANGE
RBCM
Western Digital likely to acquire Toshiba, says RBC Capital
After multiple media reports stated that the Japanese government probably won;t rescue Toshiba (TOSBF, TOSYY), RBC Capital analyst Amit Daryanani says that the news "greatly increases" the odds of the company being acquired by U.S. entities. He thinks that Western Digital (WDX), in partnership with private equity firms, is the "high probability acquirer" of the company. By undertaking the deal, Western Digital would "further improve its NAND position and drive significant accretion with an upside bias to our $12.00+ EPS scenario," Daryanani wrote. He kept a $90 price target and an Outperform rating on the shares.
03/31/17
UBSW
03/31/17
NO CHANGE
Target $245
UBSW
Buy
Broadcom deal for Toshiba NAND has wide range of accretion potential, says UBS
UBS analyst Stephen Chin commented on the Nikkei report that Broadcom (AVGO) and Silver Lake Partners had submitted a bid to acquire Toshiba's (TOSBF) NAND business for $17.9B, saying he would not be surprised if Broadcom were in fact a bidder but he is not sure if a deal will happen. Depending on the structure of a deal, his pro forma scenarios range from 3% EPS accretion in FY18 to 9% in FY19 accretion, he tells investors. Chin keeps a Buy rating and $245 price target on Broadcom shares, which slid by 0.6% to close at $220.04 yesterday.
TOSYY Toshiba, also use TOSBF
$12.11

0.385 (3.28%)

WDC Western Digital
$84.41

1.61 (1.94%)

03/10/17
BNCH
03/10/17
NO CHANGE
Target $100
BNCH
Buy
Western Digital recent cloud comments 'hardly worrisome,' says Benchmark
Benchmark analyst Mark Miller attributes recent weakness in Western Digital (WDC) shares to comments made by the company and peer Seagate (STX) at a recent investor conference, with one source indicating that they said a modest pause is expected in cloud demand followed by a 2H17 acceleration. Western Digital COO Mike Cordano, when asked about reports by Intel (INTC) and Hewlett Packard (HPQ) pointing to recent weakness in the traditional data center and server markets, said his company continues to project "solid" 40% annual growth in cloud sales, which he added should be viewed annually, not quarterly, due to short-term dynamics, Miller said. He urges investors to ignore the noise and buy Western Digital, on which he keeps a $100 price target and Buy rating, amid any weakness.
03/28/17
STFL
03/28/17
NO CHANGE
STFL
Western Digital Q3 results likely to beat guidance, says Stifel
Stifel analyst Aaron Rakers expects Western Digital's Q3 results to surpass its guidance, driven by a flash capacity price increase and a positive mix shift. He keeps a Buy rating on the stock.
04/11/17
JPMS
04/11/17
UPGRADE
Target $116
JPMS
Overweight
Western Digital upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Rod Hall upgraded Western Digital to Overweight and raised his price target for the shares to $116 from $80. The NAND shortage should boost selling prices while the PC market is stabilizing, Hall tells investors in a research note. He also believes Western Digital has "significant potential" for cost reductions as it realizes synergies from recent acquisitions.

TODAY'S FREE FLY STORIES

CCL

Carnival

$65.87

-0.565 (-0.85%)

, CUK

Carnival plc

$65.87

-0.72 (-1.08%)

10:21
06/22/17
06/22
10:21
06/22/17
10:21
Hot Stocks
Carnival says realizing 'strength' in booking trends across core products »

Says on track to realize…

CCL

Carnival

$65.87

-0.565 (-0.85%)

CUK

Carnival plc

$65.87

-0.72 (-1.08%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 22

    Jun

WLL

Whiting Petroleum

$5.27

0.095 (1.84%)

10:20
06/22/17
06/22
10:20
06/22/17
10:20
Options
Call buyer tied to hedge in Whiting Petroleum appears closing »

Call buyer tied to hedge…

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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  • 26

    Jun

JBL

Jabil Circuit

$29.00

-0.1 (-0.34%)

, MMP

Magellan Midstream

$68.33

0.395 (0.58%)

10:19
06/22/17
06/22
10:19
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10:19
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

JBL

Jabil Circuit

$29.00

-0.1 (-0.34%)

MMP

Magellan Midstream

$68.33

0.395 (0.58%)

AVB

AvalonBay

$193.47

-1.09 (-0.56%)

AQMS

Aqua Metals

$11.95

-0.36 (-2.92%)

TACO

Del Taco

$13.87

0.14 (1.02%)

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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KMX

CarMax

$61.87

2.13 (3.57%)

, DFT

DuPont Fabros

$64.48

-0.17 (-0.26%)

10:19
06/22/17
06/22
10:19
06/22/17
10:19
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

KMX

CarMax

$61.87

2.13 (3.57%)

DFT

DuPont Fabros

$64.48

-0.17 (-0.26%)

TSM

TSMC

$36.73

0.02 (0.05%)

SAND

Sandstorm Gold

$3.54

-0.0921 (-2.54%)

DAN

Dana Holding

$21.47

-0.35 (-1.60%)

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

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  • 26

    Jun

  • 29

    Jun

  • 30

    Jun

ORCL

Oracle

$50.78

4.45 (9.61%)

, LUV

Southwest

$61.53

0.495 (0.81%)

10:19
06/22/17
06/22
10:19
06/22/17
10:19
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…click here.

ORCL

Oracle

$50.78

4.45 (9.61%)

LUV

Southwest

$61.53

0.495 (0.81%)

ANF

Abercrombie & Fitch

$12.08

0.029 (0.24%)

KMX

CarMax

$61.87

2.13 (3.57%)

EAT

Brinker

$38.06

1.13 (3.06%)

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

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  • 26

    Jun

  • 26

    Jun

  • 28

    Jun

  • 29

    Jun

  • 30

    Jun

  • 07

    Jul

ATUS

Altice USA

10:18
06/22/17
06/22
10:18
06/22/17
10:18
Syndicate
Altice USA opens at $31.60, IPO priced at $30 per share »

Altice USA (ATUS) priced…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

    Jun

10:17
06/22/17
06/22
10:17
06/22/17
10:17
General news
Forcing Pelosi out would be 'very bad' for Republicans, Trump says »

President Donald Trump…

$NSD

NASDAQ Market Internals

10:17
06/22/17
06/22
10:17
06/22/17
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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$NYE

NYSE Market Internals

10:16
06/22/17
06/22
10:16
06/22/17
10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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10:15
06/22/17
06/22
10:15
06/22/17
10:15
General news
U.S. leading index rose 0.3% to 127.0 in May, an all time high »

U.S. leading index rose…

10:15
06/22/17
06/22
10:15
06/22/17
10:15
General news
Breaking General news story  »

Week of 6/16 EIA Natural…

SINA

SINA

$91.93

3.5 (3.96%)

, WB

Weibo

$76.96

2.88 (3.89%)

10:14
06/22/17
06/22
10:14
06/22/17
10:14
Hot Stocks
Chinese internet stocks fall following report of streaming ban »

Shares of Chinese…

SINA

SINA

$91.93

3.5 (3.96%)

WB

Weibo

$76.96

2.88 (3.89%)

FENG

Phoenix New Media

$2.69

-0.06 (-2.18%)

YY

YY

$58.98

0.89 (1.53%)

MOMO

Momo

$38.70

0.81 (2.14%)

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

    Jun

ANF

Abercrombie & Fitch

$12.19

0.14 (1.16%)

10:10
06/22/17
06/22
10:10
06/22/17
10:10
Upgrade
Abercrombie & Fitch rating change  »

Abercrombie & Fitch…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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HZNP

Horizon Pharma

$11.43

0.59 (5.44%)

10:10
06/22/17
06/22
10:10
06/22/17
10:10
Options
5K Horizon Pharm Jan 15 calls opened for 89c when bid-ask was 45 to 90c »

5K Horizon Pharm Jan 15…

03/08/13
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ATUS

Altice USA

10:08
06/22/17
06/22
10:08
06/22/17
10:08
Syndicate
Altice USA indicated to open at $31.50, IPO priced at $30 »

Altice USA (ATUS) priced…

03/08/13
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  • 22

    Jun

CVM

CEL-SCI

$1.80

0.11 (6.51%)

10:08
06/22/17
06/22
10:08
06/22/17
10:08
Hot Stocks
Breaking Hot Stocks news story on CEL-SCI »

Cel Sci trading halted,…

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TWTR

Twitter

$17.93

0.15 (0.84%)

10:07
06/22/17
06/22
10:07
06/22/17
10:07
Technical Analysis
Technical View: Twitter bounces higher for second session »

The shares were last up…

03/08/13
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  • 28

    Jun

  • 19

    Jul

SGBX

SG Blocks

10:06
06/22/17
06/22
10:06
06/22/17
10:06
Syndicate
Breaking Syndicate news story on SG Blocks »

SG Blocks opens at $4.75,…

03/08/13
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  • 22

    Jun

IGLD

Internet Gold

10:06
06/22/17
06/22
10:06
06/22/17
10:06
Hot Stocks
Breaking Hot Stocks news story on Internet Gold »

Internet Gold trading…

03/08/13
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03/06/13
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ACN

Accenture

$121.52

-5.59 (-4.40%)

10:04
06/22/17
06/22
10:04
06/22/17
10:04
Technical Analysis
Technical View: Accenture trades near lows of the day »

The shares were last down…

03/08/13
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03/06/13
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03/06/13
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  • 22

    Jun

GM

General Motors

$34.06

-0.07 (-0.21%)

10:04
06/22/17
06/22
10:04
06/22/17
10:04
Hot Stocks
GM reports 'successful' conclusion of three-year consent order with NHTSA »

General Motors reports…

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  • 25

    Jul

10:01
06/22/17
06/22
10:01
06/22/17
10:01
General news
Leading Indicators data reported »

May Leading Indicators up…

IGLD

Internet Gold

10:01
06/22/17
06/22
10:01
06/22/17
10:01
Hot Stocks
Breaking Hot Stocks news story on Internet Gold »

Internet Gold trading…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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TWTR

Twitter

$17.85

0.0699 (0.39%)

10:01
06/22/17
06/22
10:01
06/22/17
10:01
Hot Stocks
Twitter, Sela Sport announce live streaming partnership »

Twitter and Sela Sport…

03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

  • 19

    Jul

QQQ

PowerShares QQQ Trust

$140.74

1.38 (0.99%)

10:00
06/22/17
06/22
10:00
06/22/17
10:00
Options
Bullish three-way spread in PowerShares QQQ »

Bullish three-way spread…

03/08/13
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03/06/13
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03/06/13
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