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Fly News Breaks for October 4, 2018
WASH, CLDR, SNX, CMI, NSA
Oct 4, 2018 | 10:45 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. National Storage (NSA) upgraded to Buy from Hold at Jefferies with analyst George Hoglund saying he believes the recent weakness in the shares is overdone and presents a buying opportunity. 2. Cummins (CMI) upgraded to Overweight from Neutral at Piper Jaffray with analyst Alexander Potter saying his deep-dive analysis illuminates the likelihood of upside versus consensus estimates in the coming years. 3. Synnex (SNX) upgraded to Strong Buy from Buy at Needham with analyst Sean Hannon citing the company's business becoming "more diversified, experiencing healthy fundamental demand, and expanding its structural margin profile." 4. Cloudera (CLDR) upgraded to Buy from Neutral at DA Davidson and Nomura Instinet. 5. Washington Trust (WASH) upgraded to Buy from Hold at Sandler O'Neill withh analyst Mark Fitzgibbon saying management went out of their way to focus on their organic growth and "made a compelling argument that there is a dearth of good mid-size banks in New England." 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 NSA;CMI;SNX;CLDR;WASH From the Last 2 Days
SNX
Mar 28, 2024 | 07:03 EDT
The deal size was increased to 10.5M shares of common stock from 9M shares of common stock and the range was $109.00-$116.00. JPMorgan, Barclays, BofA and Mizuho acted as joint book running managers for the offering.
SNX
Mar 27, 2024 | 05:30 EDT
Barclays raised the firm's price target on TD Synnex to $118 from $111 and keeps an Equal Weight rating on the shares. The company reported largely in-line fiscal Q1 results and the new $2B share repurchase authorization is a modest positive, the analyst tells investors in a research note. The firm says TD Synnex's margins outperformed again although revenue continues to be impacted by Advanced Solutions weakness and Hyve consignment shift.
SNX
Mar 26, 2024 | 08:10 EDT
Sees Q2 revenue $13.3B-$14.9B, consensus $14.25B. Sees Q2 gross billings $18.4B-$19.6B.