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Fly News Breaks for December 3, 2018
IBM, RHT
Dec 3, 2018 | 09:08 EDT
Needham analyst Jack Andrews kept his Hold rating on Red Hat (RHT), saying the proxy filed by the company on Friday reinforces his view that the acquisition offer by IBM (IBM) "likely" represents the highest bid available. The analyst cites the filing's disclosure of "specifics around previous offers, a termination fee of $975M payable by Red Hat, and a provision making the merger independent of IBM finding financing". Andrews also maintains his view that no regulatory hurdles or complications should hamper this deal.
News For RHT;IBM From the Last 2 Days
IBM
Apr 26, 2024 | 10:22 EDT
IBM
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
IBM
Apr 25, 2024 | 12:09 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
IBM
Apr 25, 2024 | 09:44 EDT
IBM
Apr 25, 2024 | 08:53 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
IBM
Apr 25, 2024 | 08:25 EDT
IBM
Apr 25, 2024 | 07:29 EDT
BMO Capital lowered the firm's price target on IBM (IBM) to $190 from $210 and keeps a Market Perform rating on the shares. IBM's updated segment guidance was net weaker given the trade from Consulting growth to less durable Infrastructure growth, despite maintaining the total revenue growth guide, the analyst tells investors in a research note. The company also paid a premium in its HashiCorp (HCP) deal, though the acquisition "makes sense" strategically to improve IBM's Software portfolio and fits with Red Hat/infra focus, the firm added.
IBM
Apr 25, 2024 | 07:17 EDT
IBM
Apr 25, 2024 | 06:49 EDT
