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Fly News Breaks for May 26, 2016
JACK, SAAS, NICE, JCI, TYC, CNC, ADM
May 26, 2016 | 10:18 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Archer Daniels (ADM) upgraded to Buy at Citi by analyst David Driscoll, who said a shorter than expected South American soy crop has tightened the global soy supplies. 2. Centene (CNC) upgraded to Buy at Stifel citing valuation, what it sees as the company's increasingly certain outlook in the wake of the closing of its Health Net deal, and its Q1 results. 3. Tyco (TYC) upgraded to Overweight at Atlantic Equities by analyst Richard Radbourne, who said Tyco's merger with Johnson Controls (JCI) creates a powerful building solutions focused business, supporting strong multi-year earnings growth with significant merger synergies and ongoing productivity savings. 4. NICE Systems (NICE) upgraded to Outperform at JMP Securities by analyst Gerg McDowell, who said the pending acquisition of inContact (SAAS) may be more accretive to 2017 earnings than investors expect and potentially accelerate revenue growth to 35% next from 8% this year. 5. Jack in the Box (JACK) upgraded to Outperform at Baird because the firm believes any short-term noise on comp trends will be overshadowed by the positives related to the transition to a more highly franchised business model. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For ADM;CNC;TYC;JCI;NICE;SAAS;JACK From the Last 2 Days
NICE
Apr 23, 2024 | 07:23 EDT
Rosenblatt initiated coverage of Nice with a Buy rating and $285 price target. The firm believes Nice is well positioned across the large and mid-sized enterprise market to take share from legacy players due to an increase in demand for AI and automation in the contact center and views the company's cloud business as a 20%-plus year-over-year grower over the mid-term, the analyst tells investors.
ADM
Apr 22, 2024 | 16:32 EDT
In a regulatory filing, Archer Daniels-Midland disclosed that on April 19, the company and CFO Vikram Luthar entered into a transition agreement under which Luthar will resign effective September 30, 2024. Until such resignation date, Luthar will be available to assist the company and provide transitional support as needed, as a non-executive employee.