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SYT

Syngenta

$91.85

-0.05 (-0.05%)

, BASFY

BASF

$96.62

2.15 (2.28%)

13:28
06/12/17
06/12
13:28
06/12/17
13:28

Syngenta, BASF among bidders for Bayer-Monsanto divestitures, Bloomberg says

Syngenta (SYT) and BASF (BASFY) are among companies that have submitted preliminary offers for assets that Bayer (BAYRY) plans to divest to secure approval for its acquisition of Monsanto (MON), Bloomberg reported, citing sources. The businesses include cottonseeds, canola, the LibertyLink herbicide-resistant trait, and the company's glufosinate weed killer, the sources told Bloomberg, adding that Bayer could also sell garlic and pepper seed businesses separately or as part of the total package. The divestitures could fetch $2.5B-$3B, the sources told the publication. Reference Link

SYT

Syngenta

$91.85

-0.05 (-0.05%)

BASFY

BASF

$96.62

2.15 (2.28%)

BAYRY

Bayer

MON

Monsanto

$117.59

0.07 (0.06%)

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    Jun

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    Jun

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    Jun

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    Jun

SYT Syngenta
$91.85

-0.05 (-0.05%)

09/06/16
BERN
09/06/16
DOWNGRADE
BERN
Market Perform
Syngenta downgraded on valuation, anticipated deal delay at Bernstein
As noted earlier, Bernstein downgraded Syngenta to Market Perform from Outperform. As reasons for the downgrade, analyst Jeremy Redenius cited valuation and his belief that regulatory approvals for the company's acquisition by ChemChina could be delayed until 2017. Target to $92.20 from $90.20.
12/09/16
RAJA
12/09/16
UPGRADE
RAJA
Strong Buy
Syngenta upgraded to Strong Buy from Outperform at Raymond James
Raymond James analyst Patrick Lambert upgraded Syngenta to Strong Buy.
03/03/17
JPMS
03/03/17
NO CHANGE
Target $128
JPMS
Overweight
EU approvals of other ag deals may narrow Monsanto deal spread, says JPMorgan
JPMorgan analyst Jeffrey Zekauskas said commentary from the CEOs of DuPont (DD) and Syngenta (SYT) and press reports from Europe suggest that their deals with Dow Chemical (DOW) and ChemChina, respectively, are likely to be approved. Approvals from Europe for those deals may "trigger a meaningful closing of the arbitrage spread" in Monsanto (MON) shares versus Bayer's (BAYRY) offer price, Zekauskas tells investors. He recommends buying Monsanto shares at current levels for this reason, adding that he believes the shares would only fall about 2.5%, or down to $112, in the event of the Bayer deal falling through. Zekauskas keeps an Overweight rating and $128 price target on Monsanto shares, which closed yesterday at just below $115 per share.
02/16/17
JEFF
02/16/17
DOWNGRADE
JEFF
Hold
Syngenta downgraded to Hold from Buy at Jefferies
Jefferies analyst Laurence Alexander downgraded Syngenta to Hold with an unchanged price target of CHF 445.
BASFY BASF
$96.62

2.15 (2.28%)

02/13/17
EVER
02/13/17
INITIATION
EVER
Buy
BASF initiated with a Buy at Evercore ISI
Evercore ISI analyst Laurent Favre initiated BASF with a Buy rating and a EUR100 price target.
01/19/17
JPMS
01/19/17
UPGRADE
JPMS
Overweight
BASF upgraded to Overweight from Underweight at JPMorgan
JPMorgan analyst Martin Evans yesterday double upgraded BASF to Overweight from Underweight saying he's turning more positive on European Chemicals.
10/05/16
UBSW
10/05/16
UPGRADE
UBSW
Buy
BASF upgraded to Buy from Neutral at UBS
07/14/16
JEFF
07/14/16
NO CHANGE
JEFF
Monsanto needs over $135/share bid to shut down alternatives, says Jefferies
After media reports indicated that Monsanto (MON) has revived talks with BASF (BASFY) as an alternative to the offer from Bayer (BAYRY), Jefferies analyst Laurence Alexander said he believes Bayer would need to increase its bid to over $135 per share for Monsanto to shut down its consideration of alternatives. The analyst views Bayer as "the best technology and market position fit for Monsanto," but adds that BASF "would have significantly less antitrust concerns."
BAYRY Bayer

04/10/17
PIPR
04/10/17
NO CHANGE
Target $17
PIPR
Overweight
OncoMed price target lowered to $17 from $26 at Piper Jaffray
Piper Jaffray analyst Edward Tenthoff lowered his price target for OncoMed (OMED) to $17 from $26 following two negative announcements, namely that the Phase II YOSEMITE study of demcizumab in first line pancreatic cancer failed and Bayer (BAYRY) returned rights for ipafricept and vantictumab. The analyst also notes that now partner Celgene (CELG) will review all data on demcizumab including Phase II DENALI non-small cell lung cancer data and Phase Ib combo data with KEYTRUDA, although he does not expect Celgene to exercise its option. Tenthoff reiterates an Overweight rating on OncoMed's shares.
04/06/17
JPMS
04/06/17
NO CHANGE
Target $128
JPMS
Overweight
Monsanto shares offer 'excellent' risk/reward proposition, says JPMorgan
JPMorgan analyst Jeffrey Zekauskas says shares of Monsanto (MON) at current levels offer an "excellent" risk/reward proposition. The analyst views capital appreciation potential to the end of 2017 as 11% or a 15% annual return. He sees downside risk of only 3%, to $112 per share, in the event that Bayer (BAYRY) is not able to consummate the acquisition. Zekauskas has increased confidence in the deal closing following recent regulatory rulings and keeps an Overweight rating on the name with a $128 price target.
01/06/17
JPMS
01/06/17
NO CHANGE
Target $128
JPMS
Overweight
Monsanto shares are mispriced, says JPMorgan
JPMorgan analyst Jeffrey Zekauskas says Monsanto (MON) shares are mispriced and offer an attractive risk/reward proposition. A first catalyst for the shares would be regulatory agreement in the Dow Chemical (DOW)/DuPont (DD) transaction, Zekauskas tells investors in a research note. The analyst thinks a favorable resolution to the Dow/DuPont merger would be seen as improving the probability of the success of the Bayer/Monsanto transaction. He notes that Bayer has agreed to purchase Monsanto for $128 per share in cash, which represents 21% appreciation potential should the deal close by year-end. Zekauskas thinks a "reasonable floor" price for Monsanto shares, should the deal fail, is $102. He keeps an Overweight rating on the name with a $128 price target.
MON Monsanto
$117.59

0.07 (0.06%)

02/23/17
02/23/17
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. Monsanto (MON) initiated with a Sector Perform at RBC Capital. 2. FMC Corporation (FMC) initiated with an Outperform at RBC Capital. 3. OncoCyte (OCX) initiated with a Buy at Chardan. 4. Jazz Pharmaceuticals (JAZZ) initiated with a Buy at Evercore ISI. 5. Reata Pharmaceuticals (RETA) initiated with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/23/17
RBCM
02/23/17
INITIATION
RBCM
Sector Perform
Monsanto initiated with a Sector Perform at RBC Capital
RBc Capital analyst Arun Viswanathan says that ,"given challenging agricultural conditions, Monsanto lacks catalysts. Target $118.

TODAY'S FREE FLY STORIES

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Deere

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-2.65 (-2.09%)

, EL

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$98.32

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PCTY

Paylocity

$45.10

-1.06 (-2.30%)

, PAYX

Paychex

$54.98

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PAYX

Paychex

$54.98

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ADP

ADP

$104.68

-6.42 (-5.78%)

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SN

Sanchez Energy

$4.87

-0.145 (-2.89%)

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BABA

Alibaba

$163.92

4.42 (2.77%)

17:50
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Recommendations
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ASYS

Amtech Systems

$10.14

-0.51 (-4.79%)

17:48
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Syndicate
Amtech Systems announces common stock offering, no amount given »

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CPCAY

Cathay Pacific

$7.47

0.15 (2.05%)

17:47
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17:47
Upgrade
Cathay Pacific rating change at Goldman Sachs »

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RTN

Raytheon

$177.25

-0.83 (-0.47%)

17:32
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SPWH

Sportsman's Warehouse

$3.46

-0.12 (-3.35%)

, GLOB

Globant

$42.26

-0.64 (-1.49%)

17:32
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SPWH

Sportsman's Warehouse

$3.46

-0.12 (-3.35%)

GLOB

Globant

$42.26

-0.64 (-1.49%)

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

GPS

Gap

$22.68

0.11 (0.49%)

AMAT

Applied Materials

$43.12

-1.34 (-3.01%)

FLDM

Fluidigm

$3.60

-0.04 (-1.10%)

SENS

Senseonics

$2.44

0.02 (0.83%)

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LMT

Lockheed Martin

$301.42

-4.38 (-1.43%)

17:32
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08/17
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Hot Stocks
Lockheed Martin, others awarded $499M government contract »

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  • 23

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CTRL

Control4

$22.27

-0.9 (-3.88%)

, AMRI

Albany Molecular

$21.74

-0.01 (-0.05%)

17:21
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Hot Stocks
Control4 to replace Albany Molecular in S&P 600 at open on 8/22 »

The Carlyle Group (CG)…

CTRL

Control4

$22.27

-0.9 (-3.88%)

AMRI

Albany Molecular

$21.74

-0.01 (-0.05%)

CG

Carlyle Group

$21.20

-0.2 (-0.93%)

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CI

Cigna

$178.03

-1.83 (-1.02%)

17:15
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Cigna's Bacus sells 2,236 common shares »

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17:09
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General news
Sen. Corker: Trump has not demonstrated competence to be president »

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BTU

Peabody Energy

$27.94

-0.27 (-0.96%)

17:07
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Syndicate
Peabody Energy files to sell 12.8M shares of common stock for holders »

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CEMI

Chembio Diagnostics

$6.05

-0.1 (-1.63%)

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CRMT

America's Car-Mart

$36.90

-0.65 (-1.73%)

17:01
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GM

General Motors

$35.00

-0.75 (-2.10%)

16:59
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General Motors' Jacoby sells 20,000 common shares »

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CBI

CB&I

$9.78

-0.19 (-1.91%)

, FLR

Fluor

$37.77

-0.67 (-1.74%)

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CBI

CB&I

$9.78

-0.19 (-1.91%)

FLR

Fluor

$37.77

-0.67 (-1.74%)

ACM

Aecom

$31.09

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MTZ

MasTec

$39.20

0.45 (1.16%)

CCI

Crown Castle

$104.14

0.35 (0.34%)

JEC

Jacobs Engineering

$50.25

-0.8 (-1.57%)

MLM

Martin Marietta

$200.41

-4.7 (-2.29%)

USCR

U.S. Concrete

$77.20

-0.9 (-1.15%)

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CQP

Cheniere Energy Partners

$28.08

-0.08 (-0.28%)

16:53
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Breaking Syndicate news story on Cheniere Energy Partners »

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DDS

Dillard's

$54.83

-1.1 (-1.97%)

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ABTL

Autobytel

$8.30

-0.12 (-1.43%)

16:46
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Autobytel announces purchases under stock repurchase authorization »

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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

, CMT

Core Molding

$21.07

-0.36 (-1.68%)

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Breaking Hot Stocks news story on GAMCO Investors, Core Molding »

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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

CMT

Core Molding

$21.07

-0.36 (-1.68%)

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GUID

Guidance Software

16:41
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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

, MTRN

Materion

$37.00

-1.1 (-2.89%)

16:41
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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

MTRN

Materion

$37.00

-1.1 (-2.89%)

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FALC

FalconStor

$0.19

-0.004 (-2.12%)

16:41
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