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WMS

Advanced Drainage

, KFY

Korn/Ferry

$31.04

0.2 (0.65%)

16:31
03/07/17
03/07
16:31
03/07/17
16:31

Advanced Drainage CEO Chlapaty announces intention to retire

Advanced Drainage Systems (WMS) announced that Joseph A. Chlapaty has communicated to the board of directors his intention to retire as the company's president, CEO, and chairman of the board by the end of calendar year 2017. As part of the company's succession plan, the Board has created a search committee and has hired recruiting firm Korn Ferry (KFY) to identify and evaluate both internal and external candidates to succeed Chlapaty. Chlapaty will remain as president, CEO and chairman of the board throughout the search process to ensure an orderly transition.

WMS

Advanced Drainage

KFY

Korn/Ferry

$31.04

0.2 (0.65%)

  • 07

    Mar

WMS Advanced Drainage

08/11/16
BOSC
08/11/16
DOWNGRADE
BOSC
Neutral
Advanced Drainage downgraded to Neutral at Boenning & Scattergood
Boenning & Scattergood downgraded Advanced Drainage Systems to Neutral from Outperform following the form NT 10-Q filing that says the company will be late in filing its form 10-Q for the quarter saying the accounting delays limit visibility.
11/14/16
RBCM
11/14/16
DOWNGRADE
RBCM
Sector Perform
Advanced Drainage downgraded on multiple concerns at RBC Capital
As noted earlier, RBC Capital downgraded Advanced Drainage to Sector Perform from Outperform. Analyst Robert Wetenhall has multiple concerns about the company ,including what he sees as its lingering accounting issues and limited infrastructure exposure, as well as deteriorating demand trends in agriculture and international markets. Target to $24 from $26.
01/13/17
BARD
01/13/17
UPGRADE
BARD
Outperform
Advanced Drainage upgraded to Outperform from Neutral at Baird
01/13/17
BARD
01/13/17
UPGRADE
Target $29
BARD
Outperform
Advanced Drainage upgraded to Outperform at Baird
As previously reported, Baird analyst Michael Halloran upgraded Advanced Drainage to Outperform from Neutral as he sees an attractive risk/reward with its valuation at a discount to the market and he believes negative sentiment and uncertainty around results has turned higher. Halloran said expectations have bottomed, prospects for construction have stabilized, and margins should improve over time. Halloran raised his price target to $29 from $25 on Advanced Drainage shares.
KFY Korn/Ferry
$31.04

0.2 (0.65%)

08/17/16
DBAB
08/17/16
INITIATION
Target $27
DBAB
Hold
Korn/Ferry initiated with a Hold at Deutsche Bank
Target $27.
08/18/16
08/18/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Barnes & Noble (BKS) initiated with a Neutral at Sidoti. 2. Digital Ally (DGLY) initiated with a Buy at Maxim. 3. Korn/Ferry (KFY) initiated with a Hold at Deutsche Bank. 4. Phillips 66 Partners (PSXP) initiated with a Buy at Stifel. 5. Arrowhead (ARWR) initiated with a Buy at Cantor. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/09/16
RHCO
09/09/16
NO CHANGE
RHCO
Korn/Ferry showing signs of rebounding, says SunTrust
After Korn/Ferry reported slightly higher than expected Q2 revenue but slightly lower than expected EPS, SunTrust analyst Tobey Sommer says there are signs that demand for the company's services is rebounding. The analyst says that the company's Executive Search unit obtained 25% more new business in North America in August versus July. Sommer expects the company's Futurestep business to remain strong throughout this year. The analyst reiterates a Buy rating on the stock.
02/15/17
RHCO
02/15/17
NO CHANGE
RHCO
Korn/Ferry shares should be bought at current levels, says SunTrust
SunTrust analyst Tobey Sommer says a survey of private executive search firms indicates that their sentiment is improving. Additionally, the analyst remains upbeat on KornFerry's Futurestep business, and Sommer keeps a $34 price target and a Buy rating on the stock.

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