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IBM

IBM

$152.19

1.41 (0.94%)

, BT

BT Group

$20.51

0.25 (1.23%)

13:46
05/19/17
05/19
13:46
05/19/17
13:46

Italy investigators seize documents from IBM in BT Italy probe, CNBC says

The Italian tax police have seized documents from IBM's (IBM) Milan offices as part of a probe into allegations that customer BT Italy, a unit of BT Group (BT), conspired with suppliers to fake orders and issue false credit notes in an effort to cut costs, CNBC reports, citing sources. IBM, which is not formally under investigation, said it was cooperating with authorities. Reference Link

IBM

IBM

$152.19

1.41 (0.94%)

BT

BT Group

$20.51

0.25 (1.23%)

IBM IBM
$152.19

1.41 (0.94%)

05/08/17
BERN
05/08/17
NO CHANGE
BERN
IBM shouldnt be bought on weakness, says Bernstein
Bernstein analyst A.M. (Toni) Sacconaghi, Jr.does not recommend buying IBM on weakness. The analyst says that the success of the company's turnaround efforts is "uncertain," while the stock is still expensive. The analyst keeps a Market Perform rating.
05/16/17
MSCO
05/16/17
NO CHANGE
Target $212
MSCO
Overweight
IBM at attractive entry point ahead of mainframe cycle, says Morgan Stanley
Morgan Stanley analyst Katy Huberty attributes recent weakness in shares of IBM (IBM) to the combination of the news that Warren Buffett's Berkshire Hathaway (BRK.A) cut its stake by a third and the company's weak Q1 gross margin trends. However, growth accelerates and margins expand historically for IBM around a mainframe cycle, making the pullback an attractive entry point, according to Huberty. The analyst, who sees a number of the gross margin pressures that have recently plagued IBM abating in the second half of 2017, has a $212 price target on Big Blue's shares.
05/18/17
PACS
05/18/17
INITIATION
PACS
Sector Weight
IBM initiated with a Sector Weight at Pacific Crest
05/19/17
05/19/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Bernstein initiated Nvidia (NVDA) with an Outperform and a $165 price target. 2. Cantor Fitzgerald initiated Thermo Fisher (TMO) with an Overweight rating and $194 price target. 3. Pacific Crest initiated IBM (IBM) with a Sector Weight rating. 4. Conduent (CNDT) initiated with a Market Perform rating and $18 price target at Cowen. 5. JMP Securities started coverage of Spring Bank Pharmaceuticals (SBPH) with a $20 price target and an Outperform rating. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BT BT Group
$20.51

0.25 (1.23%)

01/25/17
MACQ
01/25/17
UPGRADE
MACQ
Neutral
BT Group upgraded to Neutral from Underperform at Macquarie
Macquarie analyst Guy Peddy upgraded BT Group and said valuation and estimates imply a cautious outlook, much of which is reflected in the share price.
03/08/17
GSCO
03/08/17
DOWNGRADE
Target $22
GSCO
Neutral
BT Group downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Michael Bishop downgraded BT Group to Neutral citing valuation following the recent rally in the shares. The analyst lowered his price target for the shares to $22 from $23.90.
03/08/17
03/08/17
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. Urban Outfitters (URBN) downgraded to Market Perform from Outperform at William Blair analyst Dylan Carden saying near-term investment spending and a "more subdued" comp outlook should continue to delay margin recovery. 2. Nimble Storage (NMBL) downgraded to Equal Weight from Overweight at Morgan Stanley, to Neutral from Positive at Susquehanna, to Sector Weight from Overweight at Pacific Crest, and to Market Perform from Outperform at Wells Fargo. 3. Fortress (FIG) downgraded to Market Perform from Outperform at JMP Securities. 4. BT Group (BT) downgraded to Neutral from Buy at Goldman with analyst Michael Bishop citing valuation following the recent rally in the shares. The analyst lowered his price target for the shares to $22 from $23.90. 5. Randgold (GOLD) downgraded to Underperform from Sector Perform at RBC Capital with analyst Tyler Broda saying he thinks that the company's "current growth phase" has ended, while its outlook has become less visible. Broda also cited valuation and his belief that gold prices will be challenged in the near-term amid interest rate increases as reasons for the downgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/08/17
MACQ
03/08/17
UPGRADE
MACQ
Neutral
BT Group upgraded to Neutral from Underperform at Macquarie

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05/25/17
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General news
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05/24/17
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MB

Mindbody

$27.95

0.1 (0.36%)

20:37
05/24/17
05/24
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20:37
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Mindbody 4.4M share Secondary priced at $27.95 »

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MDT

Medtronic

$84.70

0.09 (0.11%)

, DLTR

Dollar Tree

$78.08

-0.77 (-0.98%)

20:25
05/24/17
05/24
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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MDT

Medtronic

$84.70

0.09 (0.11%)

DLTR

Dollar Tree

$78.08

-0.77 (-0.98%)

HRL

Hormel Foods

$35.40

0.19 (0.54%)

BBY

Best Buy

$50.42

-1.13 (-2.19%)

SIG

Signet Jewelers

$54.53

-3.85 (-6.59%)

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WUBA

58.com

$44.02

0.36 (0.82%)

20:11
05/24/17
05/24
20:11
05/24/17
20:11
Earnings
Breaking Earnings news story on 58.com »

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WUBA

58.com

$44.02

0.36 (0.82%)

20:10
05/24/17
05/24
20:10
05/24/17
20:10
Earnings
58.com reports Q1 EPS 10c, consensus (25c) »

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SNAP

Snap

$20.53

0.5 (2.50%)

20:07
05/24/17
05/24
20:07
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20:07
Periodicals
Snapchat Shows outperforming internal targets, Variety says »

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EPC

Edgewell Personal Care

$72.45

0.36 (0.50%)

, PG

Procter & Gamble

$86.50

0.42 (0.49%)

19:53
05/24/17
05/24
19:53
05/24/17
19:53
Hot Stocks
Edgewell shave brand Schick launches subscription service »

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EPC

Edgewell Personal Care

$72.45

0.36 (0.50%)

PG

Procter & Gamble

$86.50

0.42 (0.49%)

03/08/13
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WOW

WideOpenWest

19:49
05/24/17
05/24
19:49
05/24/17
19:49
Syndicate
WideOpenWest 18.2M share IPO priced at $17.00, below the range »

The deal size was…

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SFTBF

SoftBank

$76.21

-0.585 (-0.76%)

, S

Sprint

$8.17

-0.01 (-0.12%)

19:44
05/24/17
05/24
19:44
05/24/17
19:44
Hot Stocks
SoftBank nominates Sprint CEO to board »

SoftBank (SFTBF)…

SFTBF

SoftBank

$76.21

-0.585 (-0.76%)

S

Sprint

$8.17

-0.01 (-0.12%)

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SNDX

Syndax

$13.89

-0.78 (-5.32%)

19:44
05/24/17
05/24
19:44
05/24/17
19:44
Syndicate
Syndax 3.75M share Secondary priced at $13.25 »

Morgan Stanley, Citi and…

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JELD

JELD-WEN Holding

$31.21

0.95 (3.14%)

19:29
05/24/17
05/24
19:29
05/24/17
19:29
Syndicate
JELD-WEN Holding 14M share Secondary priced at $30.75 »

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  • 25

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CWH

Camping World

$27.87

0.19 (0.69%)

19:27
05/24/17
05/24
19:27
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19:27
Syndicate
Camping World 9.5M share Secondary priced at $27.75 »

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PBR

Petrobras

$9.08

0.25 (2.83%)

19:17
05/24/17
05/24
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19:17
Hot Stocks
Petrobras notified of dismissal of popular interest suit in shallow water case »

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ETSY

Etsy

$13.40

0.09 (0.68%)

19:17
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Periodicals
Etsy downscales intern program, Bloomberg says »

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GOOG

Alphabet

$954.96

6.14 (0.65%)

, GOOGL

Alphabet Class A

$977.61

7.06 (0.73%)

19:09
05/24/17
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Hot Stocks
Google introduces marketing measurement tool 'Ads Data Hub' »

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GOOG

Alphabet

$954.96

6.14 (0.65%)

GOOGL

Alphabet Class A

$977.61

7.06 (0.73%)

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PTCT

PTC Therapeutics

$12.58

-0.92 (-6.81%)

19:04
05/24/17
05/24
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Hot Stocks
PTC Therapeutics director Svoronos acquires 25,000 common shares »

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NVDA

Nvidia

$138.57

1.54 (1.12%)

, GOOG

Alphabet

$954.96

6.14 (0.65%)

19:04
05/24/17
05/24
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19:04
Hot Stocks
NVIDIA CEO on Google AI chip: Great to see two leaders race »

In a company blog post…

NVDA

Nvidia

$138.57

1.54 (1.12%)

GOOG

Alphabet

$954.96

6.14 (0.65%)

GOOGL

Alphabet Class A

$977.61

7.06 (0.73%)

03/08/13
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TSO

Tesoro

$83.09

0.07 (0.08%)

19:02
05/24/17
05/24
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19:02
Hot Stocks
Tesoro says Western Rifing deal waiting period has terminated »

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KR

Kroger

$29.13

0.01 (0.03%)

19:02
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05/24
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Hot Stocks
Kroger recalls Yellow Sponge Cake dessert cups containing undeclared milk »

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SZEVY

Suez

$9.18

0.065 (0.71%)

18:59
05/24/17
05/24
18:59
05/24/17
18:59
Downgrade
Suez rating change at Goldman Sachs »

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SABR

Sabre

$23.09

0.17 (0.74%)

18:48
05/24/17
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Hot Stocks
Sabre sees approximately $80M-$100M charge associated with Air Berlin contract »

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CONN

Conn's

$15.40

-0.15 (-0.96%)

18:33
05/24/17
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18:33
Hot Stocks
Conn's announces departure of Michael Poppe, COO, Credit and Collections »

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QDEL

Quidel

$24.62

0.01 (0.04%)

18:32
05/24/17
05/24
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18:32
Hot Stocks
Quidel says PMDA of Japan approves Sofia Influenza A+B Assay »

Quidel announced it has…

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SBH

Sally Beauty

$17.38

-0.18 (-1.03%)

18:32
05/24/17
05/24
18:32
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18:32
Hot Stocks
Sally Beauty CEO acquires 10,000 common shares »

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