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PVTB

PrivateBancorp

$46.78

-0.18 (-0.38%)

, CM

CIBC

$78.67

-0.27 (-0.34%)

05:56
12/01/16
12/01
05:56
12/01/16
05:56

PrivateBancorp says proxy firms recommend holders vote FOR acquisition of CIBC

PrivateBancorp (PVTB) announced that Glass Lewis and Egan-Jones Proxy Services, two independent proxy voting and corporate governance advisory firms, recommended PrivateBancorp stockholders vote FOR the proposed acquisition of PrivateBancorp by Canadian Imperial Bank of Commerce (CM) for $3.8B in cash and stock at the special meeting of PrivateBancorp stockholders scheduled for December 8, 2016.

PVTB

PrivateBancorp

$46.78

-0.18 (-0.38%)

CM

CIBC

$78.67

-0.27 (-0.34%)

  • 01

    Dec

  • 08

    Dec

PVTB PrivateBancorp
$46.78

-0.18 (-0.38%)

06/30/16
KBWI
06/30/16
DOWNGRADE
KBWI
Market Perform
PrivateBancorp downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded PrivateBancorp to Market Perform following the company's sale to CIBC at $47 per share.
06/30/16
RAJA
06/30/16
DOWNGRADE
RAJA
Market Perform
PrivateBancorp downgraded to Market Perform from Strong Buy at Raymond James
Raymond James analyst David Long downgraded Privatebancorp (PVTB) to Market Perform following the acquisition by CIBC (CM) saying he does not expected a competing bid to come to the table.
06/30/16
RBCM
06/30/16
DOWNGRADE
RBCM
Sector Perform
PrivateBancorp downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded PrivateBancorp after the company agreed to be acquired by CIBC. Target $46.
06/30/16
06/30/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. Diamond Resorts (DRII) downgraded to Neutral from Buy at Goldman by analyst Steven Kent after the company agreed to be acquired by Apollo Global Management (APO) for $30.25 per share. The analyst keeps his price target of $32 for the shares. MKM Partners also downgraded Diamond Resorts to Neutral from Buy. 2. Qualcomm (QCOM) downgraded to Market Perform from Outperform by Bernstein, which kept a $55 target on the stock. The firm thinks that estimates for the company's September quarter remain too high, due to unrealistic licensing expectations. Bernstein adds that the company has long-term "structural issues." 3. TESARO (TSRO) downgraded to Hold from Buy at Jefferies by analyst Eun Yang, citing yesterday's rally on the company's positive Phase 3 data for niraparib in ovarian cancer. The data were better than expected, but so was the stock move, Yang tells investors in a research note. The analyst prefers a Hold rating ahead of the full data set as well as competitor data in the second half of 2016 and 2017. She lists a potential takeout and competitor data not being as good as niraparib as risks to her downgrade. Yang raised her price target for TESARO shares to $75 from $53.4. PrivateBancorp (PVTB) downgraded to Market Perform from Outperform at Keefe Bruyette by analyst David Long following the acquisition by CIBC (CM) saying he does not expected a competing bid to come to the table. PrivateBancorp was also downgraded to Market Perform from Outperform at Keefe Bruyette. 5. Spirit AeroSystems (SPR) downgraded to Market Perform from Outperform at Wells Fargo by analyst Sam Pearlstein, saying a charge for the A350 could make multiple expansion difficult. Spirit could be close to finishing a revised A350 pricing agreement that, when completed, could trigger a reach-forward loss accrual of around $200M, Pearlstein says. The analyst lowered his price target range for the shares to $50-$55 from $55-$60.This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CM CIBC
$78.67

-0.27 (-0.34%)

12/07/15
12/07/15
DOWNGRADE

On the Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Market Perform from Outperform at Northland...Agios Pharmaceuticals (AGIO) downgraded to Market Perform from Outperform at Leerink...ArcelorMittal (MT) downgraded to Hold from Buy at HSBC...Big Lots (BIG) downgraded to Neutral from Overweight at Piper Jaffray...CIBC (CM) downgraded to Underperform from Neutral at Credit Suisse...Children's Place (PLCE) downgraded to Peer Perform from Outperform at Wolfe Research...Chipotle (CMG) downgraded to Market Perform from Outperform at Cowen...Covanta (CVA) downgraded to Hold from Buy at Stifel...Flushing Financial (FFIC) downgraded to Hold from Buy at Sandler O'Neill...KBR (KBR) downgraded to Sell from Neutral at Goldman...Legacy Reserves (LGCY) downgraded to Hold from Buy at Stifel...Motorola Solutions (MSI) downgraded to Hold from Buy at Gabelli...Polaris Industries (PII) downgraded to Neutral from Buy at UBS...Sherritt (SHERF) downgraded to Sector Perform from Outperform at RBC Capital...Sonoco Products (SON) downgraded to Underweight from Equal Weight at Barclays...Sovran Self Storage (SSS) downgraded to Sector Weight from Overweight at KeyBanc...Thompson Creek (TC) downgraded to Underperform from Sector Perform at RBC Capital...Threshold Pharmaceuticals (THLD) downgraded to Hold from Buy at Stifel...Towers Watson (TW) downgraded to Market Perform from Outperform at Raymond James...Tyson Foods (TSN) downgraded to Equal Weight from Overweight at Stephens...Vanguard Natural (VNR) downgraded to Sell from Hold at Stifel...bluebird bio (BLUE) downgraded to Equal Weight from Overweight at Morgan Stanley.
09/21/16
DUND
09/21/16
INITIATION
DUND
Buy
CIBC initiated with a Buy at Dundee
11/01/16
BOFA
11/01/16
INITIATION
Target $72
BOFA
Underperform
CIBC initiated with an Underperform at BofA/Merrill
BofA/Merrill analyst Ebrahim Poonawala initiated CIBC with an Underperform and a $72 price target citing the lack of geographic diversity and earnings concentration.

TODAY'S FREE FLY STORIES

SPX

S&P 500

, SPY

SPDR S&P 500 ETF Trust

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House Freedom Caucus to support bill preventing government shutdown, AP says 

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SPX

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BK

BNY Mellon

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18:39
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BNY Mellon to boost wages for 1,000 workers after tax reform, WSJ says »

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TRNC

tronc

$19.23

0.22 (1.16%)

18:28
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tronc to investigate LA Times' CEO Ross Levinsohn, Financial Times reports »

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IBM

IBM

$169.12

0.47 (0.28%)

18:19
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18:19
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IBM's Schroeter says mainframe isn't going away »

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ATR

AptarGroup

$87.24

0.4 (0.46%)

18:16
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AptarGroup chairman King Harris to retire in May »

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FULT

Fulton Financial

$18.30

-0.25 (-1.35%)

18:12
01/18/18
01/18
18:12
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18:12
Hot Stocks
Fulton Financial to raise its minimum wage to $12 per hour »

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SNAP

Snap

$14.01

0.49 (3.62%)

18:03
01/18/18
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18:03
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18:03
Periodicals
Snap fires roughly two dozen employees, Cheddar reports »

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PAVM

PAVmed

$2.54

-0.02 (-0.78%)

17:57
01/18/18
01/18
17:57
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17:57
Syndicate
PAVmed files to sell common stock, no amount given »

Dawson James Securities…

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PODD

Insulet

$72.89

-0.02 (-0.03%)

, DXCM

Dexcom

$56.28

-0.04 (-0.07%)

17:51
01/18/18
01/18
17:51
01/18/18
17:51
Recommendations
Insulet, Dexcom, TNDM, Medtronic analyst commentary  »

Insulet is a favored…

PODD

Insulet

$72.89

-0.02 (-0.03%)

DXCM

Dexcom

$56.28

-0.04 (-0.07%)

TNDM

TNDM

MDT

Medtronic

$87.26

1.15 (1.34%)

03/08/13
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17:50
01/18/18
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17:50
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General news
Breaking General news story  »

Cleveland Federal Reserve…

IBM

IBM

$169.12

0.47 (0.28%)

17:39
01/18/18
01/18
17:39
01/18/18
17:39
Earnings
Breaking Earnings news story on IBM »

IBM sees FY18 adjusted…

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  • 18

    Jan

TTD

Trade Desk

$48.36

-1.12 (-2.26%)

17:38
01/18/18
01/18
17:38
01/18/18
17:38
Initiation
Trade Desk initiated  »

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TWTR

Twitter

$24.04

-0.52 (-2.12%)

, FB

Facebook

$179.80

2.2 (1.24%)

17:37
01/18/18
01/18
17:37
01/18/18
17:37
Hot Stocks
Snap user metrics being put into question by Mashable, Muddy Waters »

After the close, Mashable…

TWTR

Twitter

$24.04

-0.52 (-2.12%)

FB

Facebook

$179.80

2.2 (1.24%)

SNAP

Snap

$14.01

0.49 (3.62%)

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TWTR

Twitter

$24.04

-0.52 (-2.12%)

17:37
01/18/18
01/18
17:37
01/18/18
17:37
Recommendations
Twitter analyst commentary  »

Twitter coverage…

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IBM

IBM

$169.12

0.47 (0.28%)

17:36
01/18/18
01/18
17:36
01/18/18
17:36
Hot Stocks
Breaking Hot Stocks news story on IBM »

IBM sees FY18 free cash…

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  • 18

    Jan

IBM

IBM

$169.12

0.47 (0.28%)

17:36
01/18/18
01/18
17:36
01/18/18
17:36
Earnings
IBM sees Q1 EPS 17%-18% of $13.80 FY expectation, consensus $2.28 »

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  • 18

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ZG

Zillow

$43.86

-0.49 (-1.10%)

, Z

Zillow

$43.97

-0.57 (-1.28%)

17:33
01/18/18
01/18
17:33
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17:33
Downgrade
Zillow, Zillow rating change  »

Zillow resumed with a…

ZG

Zillow

$43.86

-0.49 (-1.10%)

Z

Zillow

$43.97

-0.57 (-1.28%)

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  • 26

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AXP

American Express

$99.86

-0.9 (-0.89%)

, HLT

Hilton

$83.95

-0.08 (-0.10%)

17:30
01/18/18
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Hot Stocks
American Express 'excited' about co-brand partnership with Hilton and Marriott »

Says delinquencies will…

AXP

American Express

$99.86

-0.9 (-0.89%)

HLT

Hilton

$83.95

-0.08 (-0.10%)

MAR

Marriott

$141.13

-0.87 (-0.61%)

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APRN

Blue Apron

$3.20

0.04 (1.27%)

17:30
01/18/18
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Hot Stocks
Breaking Hot Stocks news story on Blue Apron »

Armistice Capital reports…

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  • 13

    Feb

IBM

IBM

$169.16

0.68 (0.40%)

17:29
01/18/18
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Hot Stocks
IBM says SaaS margins continue to expand, but not at scale »

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  • 18

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MLNX

Mellanox

$65.10

0.8 (1.24%)

, PBCT

People's United

$19.43

-0.02 (-0.10%)

17:24
01/18/18
01/18
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

MLNX

Mellanox

$65.10

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PBCT

People's United

$19.43

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GWGH

GWG Holdings

$8.10

-0.2 (-2.41%)

CRBP

Corbus Pharmaceuticals

$7.95

-0.25 (-3.05%)

IBM

IBM

$169.12

0.47 (0.28%)

AXP

American Express

$99.86

-0.9 (-0.89%)

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  • 18

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AXP

American Express

$99.86

-0.9 (-0.89%)

17:24
01/18/18
01/18
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17:24
Hot Stocks
American Express says capital ratios are now below levels forecast in 2017 CCAR »

Plans to "more than…

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  • 18

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SFNC

Simmons First National

$58.25

-0.55 (-0.94%)

17:20
01/18/18
01/18
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01/18/18
17:20
Hot Stocks
Simmons First National announces two-for-one stock split »

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  • 23

    Jan

FNB

F.N.B.

$14.15

-0.15 (-1.05%)

17:19
01/18/18
01/18
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01/18/18
17:19
Hot Stocks
F.N.B. raising minimum hourly wage to $15 by end of 2019 »

F.N.B. plans to raise the…

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  • 23

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FORD

Forward Industries

$1.24

-0.01 (-0.80%)

17:18
01/18/18
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Hot Stocks
Forward Industries to acquire Intelligent Product Solutions »

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