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IEP

Icahn Enterprises

$49.32

0.55 (1.13%)

11:45
05/19/17
05/19
11:45
05/19/17
11:45

Icahn charity lent him $119M, WSJ reports

It is very common for charities to lend money to their officials, though most loans are relatively small, said The Wall Street Journal. However, the Foundation for a Greater Opportunity, a charity started by Carl Icahn, previously loaned $118.7M to the billionaire, the Journal reported. Andrew Langham, the general counsel of Icahn Enterprises, said the charity's loan to Icahn was low-risk and was approved at the time by a court, the report noted. Reference Link

IEP Icahn Enterprises
$49.32

0.55 (1.13%)

08/18/16
08/18/16
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. Twitter (TWTR) downgraded to Sell from Hold at Evercore ISI with analyst Ken Sena saying he sees "more risk than reward" ahead of Snapchat's anticipated monetization ramp this fall. 2. Ambev (ABEV) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Jeronimo De Guzman saying valuation is full and sees difficult near-term trends ahead given lower disposable income, volume weakness, and lower realized pricing. 3. Icahn Enterprises (IEP) downgraded to Sell from Neutral at UBS saying the company's net asset value, despite declining 49% since second quarter of 2015, seems to include optimistic valuations. 4. Cerulean (CERU) downgraded to Neutral from Buy at Janney Capital, to Market Perform from Outperform at Leerink, and to Market Perform from Outperform at JMP Securities. 5. Magellan Midstream (MMP) downgraded to Underweight at Morgan Stanley with analysts led by Tom Abrams citing a relatively high valuation as the number of lower multiple investment choices has increased. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/18/16
UBSW
08/18/16
DOWNGRADE
Target $30
UBSW
Sell
Icahn Enterprises downgraded to Sell from Neutral at UBS
UBS analyst Brennan Hawken downgraded Icahn Enterprises (IEP) to Sell saying the company's net asset value, despite declining 49% since Q2 of 2015, seems to include optimistic valuations. Icahn uses public comps to value its Tropicana and Viskase (VKSC) holdings rather than using the stocks' publicly traded market values, Hawken tells investors in a research note. He views the public market price as a more valid indicator of fair value. The analyst cut his price target for Icahn Enterprises to $30 from $52. The holding company which Carl Icahn chairs closed yesterday down $1.54 to $58.36.

TODAY'S FREE FLY STORIES

TTD

Trade Desk

$53.48

0.97 (1.85%)

05:55
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Syndicate
Trade Desk 4.32M share Secondary priced at $52.00 »

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  • 24

    May

ACIA

Acacia Communications

$48.18

-0.67 (-1.37%)

05:55
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05/24
05:55
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05:55
Conference/Events
Acacia Communications management to meet with Needham »

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  • 24

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  • 31

    May

TWOU

2U

$42.53

-0.46 (-1.07%)

05:55
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Conference/Events
2U management to meet with Oppenheimer »

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  • 24

    May

  • 01

    Jun

AZO

AutoZone

$581.40

-78.09 (-11.84%)

05:53
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05/24
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05:53
Recommendations
AutoZone analyst commentary  »

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BEP

Brookfield Renewable

$32.41

-0.49 (-1.49%)

05:52
05/24/17
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05:52
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05:52
Downgrade
Brookfield Renewable rating change  »

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SHAK

Shake Shack

$37.03

-0.87 (-2.30%)

05:48
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Initiation
Shake Shack initiated  »

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  • 12

    Jun

  • 20

    Jun

CIEN

Ciena

$24.35

-0.07 (-0.29%)

05:44
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05/24
05:44
05/24/17
05:44
Downgrade
Ciena rating change  »

Ciena downgraded to Hold…

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  • 01

    Jun

SPX

S&P 500

05:41
05/24/17
05/24
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Technical Analysis
S&P 500: Pivot points »

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BF.B

Brown Forman, also tag with BFA, BFB

$53.38

-3.54 (-6.22%)

, BFA

Brown-Forman, also tag with BF.A, BF.B

05:41
05/24/17
05/24
05:41
05/24/17
05:41
Downgrade
Brown Forman, also tag with BFA, BFB, Brown-Forman, also tag with BF.A, BF.B, Brown-Forman, also tag with BF.A, BF.B, Constellation Brands, Diageo rating change  »

Brown Forman downgraded…

BF.B

Brown Forman, also tag with BFA, BFB

$53.38

-3.54 (-6.22%)

BFA

Brown-Forman, also tag with BF.A, BF.B

BFB

Brown-Forman, also tag with BF.A, BF.B

STZ

Constellation Brands

$180.86

-3.28 (-1.78%)

DEO

Diageo

$121.74

0.52 (0.43%)

03/08/13
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GDX

Market Vector Gold Miners

$22.64

-0.52 (-2.25%)

05:39
05/24/17
05/24
05:39
05/24/17
05:39
Technical Analysis
Market Vector Gold Miners: Pivot points »

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GLD

SPDR Gold Trust

$119.14

-0.76 (-0.63%)

05:39
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05/24
05:39
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05:39
Technical Analysis
SPDR Gold Trust: Pivot points »

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NUGT

Direxion Gold Miners Bull

$33.71

-2.6 (-7.16%)

05:39
05/24/17
05/24
05:39
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05:39
Technical Analysis
Direxion Gold Miners Bull: Pivot points »

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$17.24

-1.94 (-10.11%)

05:38
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05/24
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05:38
Technical Analysis
Direxion Daily Jr Gld Mnrs Bull 3X Shrs: Pivot points »

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DUST

Direxion Daily Gold Miners Bear 3X ETF

$29.88

1.92 (6.87%)

05:38
05/24/17
05/24
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Technical Analysis
Direxion Daily Gold Miners Bear 3X ETF: Pivot points »

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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$77.70

7.41 (10.54%)

05:38
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Technical Analysis
Direxion Daily Junior Gold Miners Index Bear 3x Shares: Pivot points »

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VXX

iPath S&P 500 VIX Short-Term Futures

$13.96

-0.02 (-0.14%)

05:36
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Technical Analysis
iPath S&P 500 VIX Short-Term Futures: Pivot points »

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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$77.00

0.1 (0.13%)

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Technical Analysis
VelocityShares Daily Inverse VIX Short-Term ETN: Pivot points »

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$25.49

-0.11 (-0.43%)

05:35
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Technical Analysis
VelocityShares Daily 2x VIX Short-Term ETN: Pivot points »

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SVXY

ProShares Short VIX Short-Term Futures

$148.68

0.12 (0.08%)

05:35
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Technical Analysis
ProShares Short VIX Short-Term Futures: Pivot points »

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05:35
05/24/17
05/24
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General news
FX Action: USD-JPY has been on the ebb »

FX Action: USD-JPY has…

TROW

T. Rowe Price

$71.06

-0.24 (-0.34%)

05:34
05/24/17
05/24
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05:34
Downgrade
T. Rowe Price rating change  »

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  • 07

    Jun

ESLT

Elbit Systems

$120.00

0.54 (0.45%)

05:33
05/24/17
05/24
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05/24/17
05:33
Hot Stocks
Elbit Systems awarded $25M contract by International organization »

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GOGL

Golden Ocean

$6.82

0.12 (1.79%)

05:31
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05/24
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Earnings
Golden Ocean reports Q1 EPS (17c), consensus (17c) »

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ZION

Zions Bancorp

$41.34

1.13 (2.81%)

05:31
05/24/17
05/24
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Downgrade
Zions Bancorp rating change  »

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  • 30

    May

  • 01

    Jun

USO

United States Oil Fund

$10.64

0.1 (0.95%)

05:30
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05/24
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Technical Analysis
United States Oil Fund: Pivot points »

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