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THC

Tenet

$17.83

0.17 (0.96%)

, FSNUY

Fresenius SE

$21.89

0.2 (0.92%)

17:27
05/07/17
05/07
17:27
05/07/17
17:27

Tenet puts Aspen Healthcare on auction block, FT reports

Tenet (THC) has put British private hospital company Aspen Healthcare up for sale for an estimated GBP 150M, reports the Financial Times, citing sources. Potential buyers include Ramsay Healthcare and Fresenius (FSNUY) Helios, sources told the publication. Reference Link

THC

Tenet

$17.83

0.17 (0.96%)

FSNUY

Fresenius SE

$21.89

0.2 (0.92%)

THC Tenet
$17.83

0.17 (0.96%)

05/02/17
UBSW
05/02/17
NO CHANGE
Target $24
UBSW
Buy
Tenet shares should react positively to Q1 results, says UBS
UBS analyst A.J. Rice noted Tenet reported Q1 EBITDA well ahead of consensus, leading to a solid beat that he thinks should cause the shares to react positively. With cautious sentiment heading into the print, the fact that the company raised its EBITDA guidance should leave investors positive on the shares, said Rice, who reiterated his Buy rating and $24 price target on Tenet.
04/21/17
DBAB
04/21/17
NO CHANGE
Target $28
DBAB
Buy
Tenet could add $5-$9/share by selling nine hospitals, says Deutsche Bank
Deutsche Bank analyst Chris Rigg says his analysis suggests Tenet Healthcare has at least nine hospitals with very low market share that would likely meet management's divestiture criteria. The nine hospitals are in seven markets generating annual revenues of $1.74B and annual EBITDA of $50M, Rigg tells investors in a research note. He estimates the sale of these hospitals could result in proceeds ranging from $870M to $1.27B and boost Tenet's share price by $5 to $9 while dropping its leverage ratio. Rigg keeps a Buy rating on Tenet with a $28 price target.
04/04/17
DBAB
04/04/17
INITIATION
Target $28
DBAB
Buy
Tenet initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Chris Rigg initiated Tenet with a Buy and a $28 price target saying the company has been "reorienting" its business towards the faster growing and much less capital intensive ambulatory and revenue cycle management segments and away from capital intensive acute care segment. Rigg said Tenet is well positioned to self fund near-term capital commitments and believes the company's 2017 EBITDA guidance is achievable.
02/24/17
MZHO
02/24/17
UPGRADE
Target $22.8
MZHO
Neutral
Tenet upgraded to Neutral from Underperform at Mizuho
Mizuho analyst Sheryl Skolnick upgraded Tenet to Neutral and raised the price target to $22.80 from $13 to reflect cost cutting initiatives and potential asset sales.
FSNUY Fresenius SE
$21.89

0.2 (0.92%)

04/25/17
CHLM
04/25/17
DOWNGRADE
Target $34
CHLM
Hold
Akorn downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum analyst Matt Hewitt downgraded Akorn (AKRX) to Hold from Buy, with a $34 price target, after the announcement that it has agreed to sell the company to Fresenius (FSNUY) for $34 per share in cash and the assumption of about $450M in debt. While the analyst would have liked to have seen Akorn sell for more, the deal still creates "significant value" for many shareholders and is a strategically complementary marriage that makes sense for both sides.
04/25/17
PIPR
04/25/17
DOWNGRADE
Target $34
PIPR
Neutral
Akorn downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst David Amsellem downgraded Akorn (AKRX) to Neutral citing the takeover by Fresenius SE (FSNUY). The analyst believes the transaction price is reasonable and does not expect another suitor coming in at a dramatically higher price point. He raised his price target for Akorn shares to $34 from $29.
04/10/17
WBLR
04/10/17
NO CHANGE
WBLR
William Blair puts Akorn takeout range at $36-$48 per share
William Blair analyst Tim Lugo believes comparable deals put Akorn's (AKRX) takeout value between $36 and $48 per share. The stock in premarket trading is up $3.72 to $33.49 after the company confirmed it is in takeover talks with Fresenius SE (FSNUY). Lugo adds, however, that pricing dynamics in the generic sector make the upper end of the potential buyout range unlikely. He notes Akorn's largest shareholder, Dr. John Kapoor, is chairman of the board and also a major shareholder in Insys Therapeutics (INSY). He's most important decision maker in a potential deal, Logo contends. The analyst keeps an Outperform rating on Akorn.
04/10/17
JEFF
04/10/17
NO CHANGE
Target $24
JEFF
Buy
Fresenius makes sense as potential buyer for Akorn, says Jefferies
Jefferies analyst David Steinberg views Akorn (AKRX) as a "logical takeout candidate" and feels Fresenius SE (FSNUY) makes sense as a potential buyer. The analyst has long viewed Akorn as an attractive acquisition candidate given its "high margin, niche generics business and deep maturing pipeline." One could argue the company could command a 4.5-5 times revenue multiple or an implied takeover price of $36-$40 per share, Steinberg tells investors in a research, mimicking his counterpart Chris Cooper who covers Fresenius as Jefferies. Steinberg keeps a Buy rating on Akorn with a $24 price target.

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MDT

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$46.94

-0.31 (-0.66%)

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WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

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  • 23

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EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

, SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

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S&P 500

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CVX

Chevron

$128.70

0.465 (0.36%)

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EA

Electronic Arts

$133.49

1.31 (0.99%)

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CCL

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Sarepta

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Bunzl

$0.00

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WUBA

58.com

$84.56

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CPRT

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AAPL

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NFLX

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