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BX

Blackstone

$28.11

-0.387 (-1.36%)

, ETP

Energy Transfer Partners

$35.56

0.17 (0.48%)

13:11
12/22/16
12/22
13:11
12/22/16
13:11

Blackstone in discussions to take Energy Transfer Partners stake, WSJ reports

Blackstone (BX) is in discussions to take a stake in assets owned by Energy Transfer Partners (ETP), the Wall Street Journal reports, citing people familiar with the matter. The private equity firm is in talks to partner on the deal with Jamie Welch, the key lieutenant of Energy Transfer's (ETE) chairman and CEO Kelcy Warren before the fell out over another transaction that failed earlier this year, the report notes. It's unclear how large the latest deal would be, but it could be valued at approximately $5B or more, the report says, citing one of the people. Shares of Energy Transfer Partners are up 2.54% to $36.29 while shares of Energy Transfer Equity are up 5% to $19.70 in afternoon trading. Reference Link

BX

Blackstone

$28.11

-0.387 (-1.36%)

ETP

Energy Transfer Partners

$35.56

0.17 (0.48%)

ETE

Energy Transfer Equity

$19.03

0.272 (1.45%)

BX Blackstone
$28.11

-0.387 (-1.36%)

03/08/16
03/08/16
NO CHANGE

Deutsche views ending of SunEdison, Vivint deal as potential positive
Deutsche Bank analyst Vishal Shah believes the termination of SunEdison's (SUNE) agreement to acquire Vivint Solar (VSLR) is a potential longer-term positive for SunEdison and TerraForm Power (TERP). The failure may also turn out to be a positive for Vivint in the long run, Shah tells investors in a research note. Investor focus will now shift from near-term liquidity and balance sheet stress for both TerraForm and SunEdison to potential legal ramifications from Vivint and Blackstone (BX), the analyst contends. He believes, however, that the legal impact may not be that significant considering the audit committee investigation and resulting lack of financing availability.
10/26/16
10/26/16
DOWNGRADE
Target $43

Market Perform
TeamHealth downgraded to Market Perform at Leerink
As previously reported, Leerink analyst Ana Gupte downgraded TeamHealth (TMH) to Market Perform from Outperform after the recent rally on the reported talks of a potential sale to Blackstone (BX) or Bain, while raising her price target on the shares to $43 from $40 on deal probability as she sees it as more likely than 50%.
03/11/16
DBAB
03/11/16
DOWNGRADE
Target $28
DBAB
Hold
Blackstone downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Brian Bedell downgraded Blackstone (BX) to Hold saying Alternative Asset Mangers will underperform over the next year amid volatile markets. The analyst lowered his price target for the shares to $28 from $30 and views Oaktree Capital (OAK) as the best positioned in the space.
12/16/16
BOFA
12/16/16
UPGRADE
Target $34
BOFA
Buy
Blackstone upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Michael Carrier upgraded Blackstone to Buy and raised its price target to $34 from $29. The analyst said valuation has come inline with the sector and expects distribution growth of 40% in 2017. Further, Carrier expects Blackstone to be a beneficiary of tax reform and an improving outlook in the U.S.
ETP Energy Transfer Partners
$35.56

0.17 (0.48%)

12/06/16
12/06/16
DOWNGRADE
Target $15

Hold
PennTex downgraded to Hold after Energy Transfer deal at Stifel
As previously reported, Stifel analyst Selman Akyol downgraded PennTex Midstream Partners (PTXP) to Hold from Buy, stating that its outlook changed with the Energy Transfer Partners' (ETP) deal. While Energy Transfer did not rule out dropdowns, Akyol doesn't expect them and does not believe transactions would create significant value for PennTex. He lowered his price target on PennTex shares to $15 from $18.
12/02/16
RBCM
12/02/16
NO CHANGE
RBCM
Energy Transfer Partners weakness overdone, says RBC Capital
RBC Capital analyst Elvira Scotto remains upbeat on Sunoco Logistics' (SXL) acquisition of Energy Transfer (ETP) and believes that the weakness in the latter stock since the deal was announced has been overdone. The analyst thinks that the combined company will have a stronger balance sheet and be better positioned for growth going forward than Energy Transfer alone,. She blames the decline of Energy Transfer's stock on the lack of an IDR reset/buyout to address cost of capital concerns, but she notes that the combined entity will have a lower cost of capital than Energy Transfer alone, while an IDR reset/buyout could still be added in the future. She keeps a $48 price target and an Outperform rating on Energy Transfer.
11/29/16
RHCO
11/29/16
DOWNGRADE
Target $18
RHCO
Hold
PennTex downgraded to Hold at SunTrust
As previously reported, SunTrust analyst Tristan Richardson downgraded PennTex (PTXP) to Hold from Buy following the recent deal via which Sunoco Logistics Partners (SXL) will acquire Energy Transfer Partners (ETP). Richardson expects PennTex "will take a back burner" as priority following the deal and expects the remaining public float to be eventually acquired, but not at any significant premium. The analyst lowered his price target for PennTex to $18 from $20.
11/23/16
BMOC
11/23/16
DOWNGRADE
BMOC
Market Perform
Sunoco Logistics downgraded on acquisition at BMO Capital
As noted earlier, BMO Capital downgraded Sunoco Logistics (SXL) to Market Perform from Outperform. Analyst Danilo Juvane says that Sunoco's acquisition of Energy Transfer Partners (ETP) fails to address the difficulties caused by Sunoco's capital spending. Target to $26 from $35.
ETE Energy Transfer Equity
$19.03

0.272 (1.45%)

11/10/16
BERN
11/10/16
NO CHANGE
BERN
Energy Transfer Equity likely to benefit from Trump victory, says Bernstein
Bernstein analyst Jean Ann Salisbury says that President-elect Trump has expressed strong support for energy pipelines and has close personal and financial ties to Energy Transfer Equity. Consequently, the analyst thinks that Trump's victory bodes well for the company's suspended Dakota Access Pipeline. The analyst continues to believe that the stock is significantly undervalued.
11/07/16
BERN
11/07/16
UPGRADE
BERN
Outperform
Energy Transfer Equity upgraded to Outperform from Market Perform at Bernstein
11/08/16
BERN
11/08/16
UPGRADE
BERN
Outperform
Energy Transfer Equity upgraded based on valuation at Bernstein
As noted earlier, Bernstein upgraded Energy Transfer to Outperform from Market Perform. Analyst Jean Ann Salisbury says that Energy Transfer's stock is trading as though the company's Dakota Access and Rover projects will be canceled. However, she expects Dakota to be completed with $400M-$1B of additional costs, and she thinks that Rover will ultimately win FERC approval and proceed. Target to $17 from $18.
11/08/16
11/08/16
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. Sysco (SYY) upgraded to Buy from Neutral at BofA/Merrill with analyst Marisa Sullivan citing greater accretion from the Brakes acquisition in fiscal 2017. 2. Windstream (WIN) upgraded to Outperform from Market Perform at Cowen. 3. ACADIA (ACAD) upgraded to Buy from Neutral at BofA/Merrill with analyst Tazeen Ahmad seeing meaningful upside supported by management's comments that the upcoming Alzheimer Psychosis trial may not need to be statistically significant to warrant advancement. 4. Ferrari (RACE) upgraded to Hold from Sell at Evercore ISI with analyst George Galliers citing the LaFerrari Aperta coming to market sooner than expected and incremental contribution and the somewhat defensive nature of the stock. 5. Energy Transfer Equity (ETE) upgraded to Outperform from Market Perform at Bernstein with analyst Jean Ann Salisbury saying Energy Transfer's stock is trading as though the company's Dakota Access and Rover projects will be canceled. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

KSU

Kansas City Southern

$105.80

-0.07 (-0.07%)

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RXII

RXi Pharmaceuticals

$0.58

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Breaking Syndicate news story on RXi Pharmaceuticals »

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WIN

Windstream

$1.98

0.06 (3.13%)

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Windstream CEO acquires 25,381 common shares »

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CVM

CEL-SCI

$2.44

-0.22 (-8.27%)

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Breaking Syndicate news story on CEL-SCI »

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TRN

Trinity Industries

$28.20

-0.03 (-0.11%)

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ValueAct raises stake inTrinity Industries to 11% from 9.8% »

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LPTN

Lpath

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Breaking Hot Stocks news story on Lpath »

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PGR

Progressive

$48.63

0.12 (0.25%)

17:08
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Progressive CFO sells 50,000 common shares »

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TMO

Thermo Fisher

$172.57

-0.32 (-0.19%)

17:06
08/18/17
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17:06
Hot Stocks
Thermo Fisher director sells 11,318 shares »

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  • 06

    Sep

SMBC

Southern Missouri Bancorp

$31.18

-0.05 (-0.16%)

17:06
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Southern Missouri Bancorp and Southern Missouri Bancshares to merge »

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IEP

Icahn Enterprises

$50.00

-0.2 (-0.40%)

16:58
08/18/17
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Breaking Hot Stocks news story on Icahn Enterprises »

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IEP

Icahn Enterprises

$50.00

-0.2 (-0.40%)

16:57
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08/18
16:57
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Hot Stocks
Breaking Hot Stocks news story on Icahn Enterprises »

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IEP

Icahn Enterprises

$50.00

-0.2 (-0.40%)

16:57
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Breaking Hot Stocks news story on Icahn Enterprises »

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IEP

Icahn Enterprises

$50.00

-0.2 (-0.40%)

16:56
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Hot Stocks
Icahn no longer special advisor to President Trump on regulatory reform issues »

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NVTA

Invitae

$9.60

0.05 (0.52%)

16:55
08/18/17
08/18
16:55
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16:55
Syndicate
Breaking Syndicate news story on Invitae »

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NVTA

Invitae

$9.60

0.05 (0.52%)

16:49
08/18/17
08/18
16:49
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Syndicate
Breaking Syndicate news story on Invitae »

Invitae files to sell…

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MU

Micron

$30.38

0.76 (2.57%)

16:48
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Hot Stocks
Micron director sells 25,000 common shares »

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  • 29

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  • 06

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INSY

Insys Therapeutics

$9.17

-0.11 (-1.19%)

16:42
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Insys agrees to pay $4.45M to settle opioid marketing suit »

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AKTX

Akari Therapeutics

16:34
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Syndicate
Breaking Syndicate news story on Akari Therapeutics »

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JMBA

Jamba

$9.11

-0.04 (-0.44%)

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HIL

Hill International

$4.50

0.2 (4.65%)

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TGT

Target

$55.65

-0.47 (-0.84%)

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16:30
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Options
Preliminary option volume of 23.2M today »

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NBEV

New Age Beverages

$3.51

-0.49 (-12.25%)

16:29
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New Age Beverages director sells nearly 42,000 common shares »

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  • 28

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ATW

Atwood Oceanics

$6.26

0.22 (3.64%)

, ESV

Ensco

$4.28

0.12 (2.88%)

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ESV

Ensco

$4.28

0.12 (2.88%)

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NSRGY

Nestle

$83.76

-0.1 (-0.12%)

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