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TOT

Total

$48.20

-0.05 (-0.10%)

, CG

Carlyle Group

04:43
10/07/16
10/07
04:43
10/07/16
04:43

Total announces sale of Atotech to Carlyle Group for $3.2B

In the context of the divestiture process of its specialty chemicals' affiliate, Atotech B.V., a global manufacturer of high technology plating solutions, Total (TOT) has selected the offer from Carlyle Group (CG). In the framework of this transaction, Total will receive $3.2B, representing 11.9 times Atotech's 2015 adjusted EBITDA. Equity for the transaction will come from Carlyle Europe Partners IV, a EUR 3.75B buyout fund, and Carlyle Partners VI, a $13B U.S. buyout fund.

TOT

Total

$48.20

-0.05 (-0.10%)

CG

Carlyle Group

  • 12

    Oct

TOT Total
$48.20

-0.05 (-0.10%)

07/15/16
BOFA
07/15/16
DOWNGRADE
BOFA
Neutral
Total downgraded to Neutral from Buy at BofA/Merrill
07/28/16
BERN
07/28/16
NO CHANGE
BERN
Total showing resiliency, says Bernstein
Bernstein analyst Oswald Clint says that Total's Q2 results showed that the company is benefiting from the resilience of its portfolio and its lack of significant exposure to the U.S. The analyst notes that the company's cash flow from operating activities has dropped only 23% in 1H16 despite a decline of more than 30% in brent prices.Clint says the comapny is on track to meet its targets, while it continues to have "a great portfolio." He reiterates an Outperform rating on the shares.
08/04/16
LEHM
08/04/16
UPGRADE
LEHM
Overweight
Total upgraded to Overweight from Equal Weight at Barclays
09/08/16
BERN
09/08/16
DOWNGRADE
BERN
Market Perform
Total downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Oswald Clint, downgraded Total (TOT) based on his new analysis which shows that its upstream ROIC ranks fifth among the European integrated oil names he covers. The analyst says that Shell (RDS.A), BP (BP), and Eni (E) rank first, second, and third, respectively.He set a $56.61 price target on Total.
CG Carlyle Group

02/17/16
02/17/16
UPGRADE
Target $20

Overweight
Carlyle Group upgraded to Overweight on risk/reward at Morgan Stanley
As previously reported, Morgan Stanley upgraded Carlyle Group to Overweight from Equal Weight with a $20 price target on shares. Analyst Michael Cyprys citing compelling risk/reward and near-term catalysts that include the $4b in portfolio exit pipeline, a $4B investment deployment pipeline, a $200M buyback program, cost controls, and focus on more scalable fund strategies.
02/17/16
02/17/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Ocular Therapeutix (OCUL) upgraded to Overweight at Morgan Stanley by analyst Andrew Berens, who said the company's management provided a pathway forward for OTX-TP in glaucoma that appears to be a much lower bar than expected. 2. Carlyle Group (CG) upgraded to Overweight at Morgan Stanley, with analyst Michael Cyprys citing compelling risk/reward and near-term catalysts that include the $4B in portfolio exit pipeline, a $4B investment deployment pipeline, a $200M buyback program, cost controls, and focus on more scalable fund strategies. 3. Tyson Foods (TSN) upgraded to Overweight by Stephens analyst Farha Aslam, who said its valuation multiple should move up since its earnings growth and stability, balance sheet and product portfolio are mirroring that of consumer packaged food companies. 4. Tyler Technologies (TYL) upgraded to Buy at B. Riley, with analyst Kevin Liu citing the New World Systems (NWS) acquisition and expects results and guidance to compare favorably to his estimates. 5. Summit Materials (SUM) upgraded to Buy at Citi by analyst Scott Schrier, who cited attractive valuation and a "constructive outlook" for the heavy materials space. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/04/16
LEHM
03/04/16
INITIATION
Target $17
LEHM
Equal Weight
Carlyle Group reinstated with an Equal Weight at Barclays
Barclays analyst Kenneth Hill reinstated Carlyle Group with an Equal Weight rating and $17 price target.
04/28/16
KBWI
04/28/16
DOWNGRADE
Target $19
KBWI
Market Perform
Carlyle Group downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Robert Lee downgraded Carlyle Group to Market Perform saying the current valuation reflects more of the company's cash-generating potential. The analyst keeps a $19 price target for the shares following Carlyle's Q1 results

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Encompass Health

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AAPL

Apple

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0.16 (0.26%)

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SBUX

Starbucks

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GOOG

Alphabet

$1,121.76

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Alphabet Class A

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TPC

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ORBK

Orbotech

$51.47

0.38 (0.74%)

06:05
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Earnings
Orbotech sees FY18 revenue up 12%-14% »

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ORBK

Orbotech

$51.47

0.38 (0.74%)

06:04
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Breaking Earnings news story on Orbotech »

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AMRN

Amarin

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NUVA

NuVasive

$51.99

-1.34 (-2.51%)

06:03
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Downgrade
NuVasive rating change  »

Wells Fargo sees…

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GE

General Electric

$18.21

-0.55 (-2.93%)

06:03
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GE: Peter Stracar to succeed Mark Hutchinson as President and CEO of GE Europe »

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  • 24

    Jan

KL

Kirkland Lake Gold

$16.74

0.62 (3.85%)

06:03
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Kirkland Lake Gold sees FY18 production growth to over 620,000 ounces »

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ORBK

Orbotech

$51.47

0.38 (0.74%)

06:02
01/17/18
01/17
06:02
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06:02
Earnings
Orbotech reports preliminary Q4 revenue of about $256M, consensus $250.16M »

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TWTR

Twitter

$24.66

-0.75 (-2.95%)

06:01
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Periodicals
Twitter sued by TWiT for breach of contract, infringement, TechCrunch reports »

Twitter is being sued by…

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  • 17

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SLGN

Silgan Holdings

$29.29

-0.23 (-0.78%)

, CCK

Crown Holdings

$57.79

-0.31 (-0.53%)

05:58
01/17/18
01/17
05:58
01/17/18
05:58
Downgrade
Silgan Holdings, Crown Holdings, Berry Global, Ball Corp. rating change  »

Silgan Holdings…

SLGN

Silgan Holdings

$29.29

-0.23 (-0.78%)

CCK

Crown Holdings

$57.79

-0.31 (-0.53%)

BERY

Berry Global

$59.13

-1.1 (-1.83%)

BLL

Ball Corp.

$38.39

0.49 (1.29%)

03/08/13
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  • 31

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ABB

ABB

$28.07

-0.02 (-0.07%)

05:55
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01/17
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Downgrade
ABB rating change  »

ABB downgraded to Neutral…

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  • 22

    Jan

IFF

International Flavors

$152.54

-1.16 (-0.75%)

05:54
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Upgrade
International Flavors rating change  »

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ADNT

Adient

$81.91

-0.51 (-0.62%)

05:54
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Adient rating change  »

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  • 29

    Jan

AEP

American Electric

$67.50

0.04 (0.06%)

05:53
01/17/18
01/17
05:53
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05:53
Upgrade
American Electric rating change  »

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PPG

PPG

$116.64

-1.53 (-1.29%)

05:53
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05:53
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05:53
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PPG rating change  »

PPG downgraded to Neutral…

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  • 18

    Jan

NBR

Nabors Industries

$8.23

0.04 (0.49%)

05:52
01/17/18
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Nabors Industries rating change  »

Nabors Industries resumed…

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  • 15

    May

ETH

Ethan Allen

$28.15

-0.5 (-1.75%)

05:52
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05:52
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05:52
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Ethan Allen rating change  »

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  • 24

    Jan

QTS

QTS Realty Trust

$52.47

0.82 (1.59%)

05:50
01/17/18
01/17
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05:50
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QTS Realty Trust rating change  »

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LQ

La Quinta

$18.44

-0.03 (-0.16%)

05:50
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La Quinta rating change  »

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ASND

Ascendis Pharma

$47.60

1.02 (2.19%)

05:50
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Recommendations
Ascendis Pharma analyst commentary  »

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SHLX

Shell Midstream

$30.74

0.21 (0.69%)

05:50
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Downgrade
Shell Midstream rating change  »

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  • 22

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