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Fly News Breaks for March 18, 2016
NDRO, IRBT, KMT, AVA, SAN
Mar 18, 2016 | 10:33 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Enduro Royalty (NDRO) downgraded to Sell at Stifel with analyst Brian Brungardt, Jr. saying he believes Enduro Royalty will suspend its distribution given the lag in production and that it will underperform peers after such a suspension. 2. Avista (AVA) downgraded to Sell at UBS by analyst Julien Dumoulin-Smith, who said the company's 10% valuation premium to small/medium cap regulated utility peers is unsustainable. 3. Kennametal (KMT) downgraded to Underperform at Longbow with analyst Eli Lustgarten citing continued weak end markets with potential further deteriorating stemming from energy market volatility and ongoing weakness in US industrial production. 4. iRobot (IRBT) downgraded to Underweight at JPMorgan by analyst Mark Strouse, who said the shares are now pricing in "near-flawless execution of international expansion," presenting an unfavorable risk/reward. 5. Banco Santander (SAN) downgraded to Sell at Societe Generale due to decreasing profitability in key markets that may put the company's fully-loaded Core Tier 1 ratio target at risk. 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 SAN;AVA;KMT;IRBT;NDRO From the Last 2 Days
IRBT
Mar 28, 2024 | 09:50 EDT
After Walmart (WMT) and Vizio (VZIO) pulled and refiled their notification under the Hart-Scott-Rodino Act Wednesday, Dealreporter told its readers that the move "may have investors wondering if this could become another Amazon (AMZN) and iRobot (IRBT) situation," contacts tell The Fly. While the M&A-focused publication said "there are traces of that same dynamic here," it added that "this pull-and-refile suggests this deal is on stronger footing than AMZN-IRBT," according to contacts. The news service sees "a genuine chance that this deal could get a prolonged look from regulators due to some of the similar dynamics at play compared to IRBT and AMZN," it reportedly said.