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RE

Everest Re

$258.12

2.55 (1.00%)

, MJN

Acquired by RBGLY 6/17

$89.98

0.01 (0.01%)

18:57
06/12/17
06/12
18:57
06/12/17
18:57

S&P announces changes to S&P 400, 500, 600 indices

S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 19: S&P MidCap 400 constituent Everest Re (RE) will replace Mead Johnson Nutrition (MJN) in the S&P 500, S&P SmallCap 600 constituent Pinnacle Financial Partners (PNFP) will replace Everest Re Group in the S&P MidCap 400, and Armada Hoffler Properties (AHH) will replace Pinnacle Financial Partners in the S&P SmallCap 600. Reckitt Benckiser Group (RBGLY) is acquiring Mead Johnson Nutrition in a deal expected to be completed soon, pending final conditions.

RE

Everest Re

$258.12

2.55 (1.00%)

MJN

Acquired by RBGLY 6/17

$89.98

0.01 (0.01%)

PNFP

Pinnacle Financial

$66.40

-2.7 (-3.91%)

AHH

Armada Hoffler

$13.59

0.13 (0.97%)

RBGLY

Reckitt Benckiser

$20.26

-0.14 (-0.69%)

  • 18

    Sep

RE Everest Re
$258.12

2.55 (1.00%)

11/15/16
GSCO
11/15/16
UPGRADE
Target $195
GSCO
Neutral
Everest Re upgraded to Neutral from Sell at Goldman
Goldman analyst Michael Nannizzi upgraded Everest Re to Neutral and raised its price target to $195 from $166 saying he does not see any near-term catalysts that would cause shares to meaningfully underperform given the hurricane season has passed.
01/17/17
MACQ
01/17/17
DOWNGRADE
MACQ
Underperform
Everest Re downgraded to Underperform from Neutral at Macquarie
Macquarie analyst Amit Kumar downgraded Everest Re to Underperform with a $186 price target. The analyst expects reinsurers to trade at lower levels in 2017/2018 as the focus surrounds the commercial names in 2017 due to taxation headlines.
MJN Acquired by RBGLY 6/17
$89.98

0.01 (0.01%)

04/03/17
WELS
04/03/17
DOWNGRADE
WELS
Market Perform
Mead Johnson downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst John Baumgartner downgraded Mead Johnson to Market Perform saying he expects the takeover by Reckitt Benckiser to close for $90 per share as announced after the FTC granted antitrust clearance. He does not expect a higher bid and upped his price target for Mead shares to $89-$90 from $81-$82.
04/27/17
04/27/17
NO CHANGE

Mead Johnson reports Q1 EPS ex-items 80c, consensus 80c
Reports Q1 revenue $883.5M, consensus $911.52M.
03/06/17
SBSH
03/06/17
DOWNGRADE
Target $90
SBSH
Neutral
Mead Johnson downgraded to Neutral from Buy at Citi
Citi analyst David Driscoll downgraded Mead Johnson to Neutral citing the announced takeover offer from Reckitt Benckiser. The analyst raised his price target for the shares to $90 from $83 and sees limited upside potential.
03/06/17
FBCO
03/06/17
DOWNGRADE
Target $90
FBCO
Neutral
Mead Johnson downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Robert Moskow downgraded Mead Johnson to Neutral from Outperform following the company's agreement to sell the business to Reckitt Benckiser. The analyst places a high probability on the deal closing in Q3, consistent with management's guidance. He also raised his price target on Mead Johnson's shares to $90 from $82.
PNFP Pinnacle Financial
$66.40

-2.7 (-3.91%)

01/25/17
SDLR
01/25/17
UPGRADE
SDLR
Buy
Pinnacle Financial upgraded to Buy from Hold at Sandler O'Neill
01/18/17
01/18/17
DOWNGRADE
Target $72

Equal Weight
Pinnacle Financial downgraded to Equal Weight at Stephens
As previously reported, Stephens analyst Tyler Stafford downgraded Pinnacle Financial to Equal Weight from Overweight, with a $72 price target. While acknowledging that the company's Q4 EPS results came in better than consensus estimates, the analyst views the beat to be somewhat "lower quality" as it was driven by outsized accretion income and a lower LLP, with core NII, fee income and expenses all below expectations.
01/18/17
SPHN
01/18/17
DOWNGRADE
SPHN
Equal Weight
Pinnacle Financial downgraded to Equal Weight from Overweight at Stephens
10/20/16
HDLY
10/20/16
DOWNGRADE
HDLY
Neutral
Pinnacle Financial downgraded to Neutral from Long-Term Buy at Hilliard Lyons
AHH Armada Hoffler
$13.59

0.13 (0.97%)

10/14/16
DADA
10/14/16
INITIATION
Target $15
DADA
Buy
Armada Hoffler initiated with a Buy at DA Davidson
DA Davidson analyst James Lykins initiated Armada Hoffler with a Buy and a $15 price target
12/14/16
WDLK
12/14/16
DOWNGRADE
WDLK
Hold
Armada Hoffler downgraded to Hold from Buy at Wunderlich
Wunderlich analyst Craig Kucera downgraded Armada Hoffler to Hold with a $14.50 price target.
05/19/17
RAJA
05/19/17
NO CHANGE
RAJA
Outperform
Armada Hoffler weakness a buying opportunity. at Raymond James
Raymond James said the pullback in Armada Hoffler shares provides an attractive buying opportunity ahead of accelerating external growth in 2018, which will offset what looks to be flattish growth in 2017.
RBGLY Reckitt Benckiser
$20.26

-0.14 (-0.69%)

01/25/17
BREN
01/25/17
UPGRADE
BREN
Buy
Reckitt Benckiser upgraded to Buy from Hold at Berenberg
Price target 7,900p.
02/06/17
RBCM
02/06/17
DOWNGRADE
RBCM
Underperform
Reckitt Benckiser downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital analyst James Edwardes Jones downgraded Reckitt Benckiser to Underperform with a price target of GBP 6,300.
02/02/17
WBLR
02/02/17
NO CHANGE
WBLR
Wyeth Nutrition deal implies $100/share price for Mead, says William Blair
William Blair analyst Jon Andersen says Nestle's (NSRGY) acquisition of Wyeth Nutrition a few years ago, done at 20 times EBITDA, implies a Mead Johnson (MJN) takeover price closer to $100 per share. Reckitt Benckiser (RBGLY) appears to have the financial capacity to get a deal done, Andersen tells investors in a research note after both the company and Mead confirmed the deal talks. The analyst has an Outperform rating on Mead.
02/02/17
SBSH
02/02/17
NO CHANGE
Target $83
SBSH
Buy
Citi calls $90/share price not 'all that great' for Mead Johnson
A deal price for Mead Johnson (MJN) of $90 per share "doesn't seem all that great" given that the shares were at $92 back in July of 2016 and hit $105 in February 2015, Citi analyst David Driscoll tells investors in a research note after Reckitt Benckiser (RBGLY) confirmed overnight that it is in "advanced negotiations" to buy the baby formula maker for $90 per share. The analyst believes Mead shares could be valued at $112 in a takeover. "It is quite easy to wonder if Reckitt isn't coming along at a most opportune time when Mead's EBITDA is depressed, but on a road to recovery," Driscoll writes. The analyst thinks interest from other bidders is likely with press reports as recently as two weeks ago suggesting Nestle (NSRGY) had interest in Mead while other reports suggested interest from Danone (DANOY). Driscoll even ponders if Kraft Heinz (KHC) may "come out of the shadows." In pre-market trading, Mead shares are up 24%, or $16.50, to $86

TODAY'S FREE FLY STORIES

GMRE

Global Medical REIT

$8.98

-0.16 (-1.75%)

22:03
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TPX

Tempur Sealy

$61.51

0.24 (0.39%)

22:00
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MDT

Medtronic

$83.52

0.11 (0.13%)

, COTY

Coty

$19.55

0.32 (1.66%)

20:25
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08/21
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20:25
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DSW

$15.69

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ENR

Energizer

$41.24

-0.09 (-0.22%)

18:58
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HOMB

Home Bancshares

$23.51

0.11 (0.47%)

, SGBK

Stonegate Bank

$46.70

0.34 (0.73%)

18:41
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Home Bancshares receives regulatory approvals for merger with Stonegate Bank »

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Home Bancshares

$23.51

0.11 (0.47%)

SGBK

Stonegate Bank

$46.70

0.34 (0.73%)

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  • 18

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ADP

ADP

$102.89

-1.52 (-1.46%)

18:32
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Periodicals
ADP CEO: Ackman refused to meet because he needed 'leverage,' CNBC says »

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  • 11

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TWX

Time Warner

$102.11

0.92 (0.91%)

, SNAP

Snap

$13.58

-0.43 (-3.07%)

18:18
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TWX

Time Warner

$102.11

0.92 (0.91%)

SNAP

Snap

$13.58

-0.43 (-3.07%)

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  • 21

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KKR

KKR

18:11
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Breaking Hot Stocks news story on KKR »

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:05
08/21/17
08/21
18:05
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Hot Stocks
Baozun reports Q2 Total Gross Merchandise Volume RMB3.604B »

An increase of 63.5%…

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  • 21

    Aug

BZUN

Baozun

$34.60

0.62 (1.82%)

18:03
08/21/17
08/21
18:03
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18:03
Earnings
Baozun sees Q3 revenue RMB870M-RMB910M »

The company will begin…

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  • 21

    Aug

BZUN

Baozun

$34.60

0.62 (1.82%)

18:02
08/21/17
08/21
18:02
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18:02
Earnings
Breaking Earnings news story on Baozun »

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  • 21

    Aug

BZUN

Baozun

$34.60

0.62 (1.82%)

18:01
08/21/17
08/21
18:01
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18:01
Earnings
Baozun reports Q2 EPS 8c, consensus 10c »

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  • 21

    Aug

KKR

KKR

18:00
08/21/17
08/21
18:00
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18:00
Periodicals
KKR near 'clinching' $3B commitment from NYC pension system, Bloomberg says »

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ESV

Ensco

$4.19

-0.09 (-2.10%)

, NBL

Noble Energy

$23.54

-0.11 (-0.47%)

17:56
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Hot Stocks
Ensco awarded contract by Noble Energy »

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ESV

Ensco

$4.19

-0.09 (-2.10%)

NBL

Noble Energy

$23.54

-0.11 (-0.47%)

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  • 29

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GDOT

Green Dot

$46.58

0.31 (0.67%)

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RT

Ruby Tuesday

$1.84

-0.06 (-3.16%)

, RIG

Transocean

$7.32

-0.16 (-2.14%)

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$1.84

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RIG

Transocean

$7.32

-0.16 (-2.14%)

NDSN

Nordson

$125.12

0.99 (0.80%)

FN

Fabrinet

$39.82

-0.26 (-0.65%)

TEDU

Tarena

$18.61

0.59 (3.27%)

ZAYO

Zayo Group

$32.97

-0.08 (-0.24%)

PINC

Premier

$32.78

-0.16 (-0.49%)

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RIG

Transocean

$7.32

-0.16 (-2.14%)

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Transocean director acquires 2,000 registered shares »

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  • 29

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RDN

Radian Group

$16.46

-0.26 (-1.56%)

17:38
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Radian Group CEO Thornberry buys 15,000 shares »

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RT

Ruby Tuesday

$1.84

-0.06 (-3.16%)

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  • 21

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SRNE

Sorrento Therapeutics

$1.70

-0.05 (-2.86%)

17:29
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Sorrento closes transactions contemplated by contribution pact with Celularity »

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  • 28

    Aug

GPN

Global Payments

$94.57

0.81 (0.86%)

17:24
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Global Payments Chairman William Jacobs sells 8,428 shares of company stock »

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NOC

Northrop Grumman

$267.70

0.09 (0.03%)

17:19
08/21/17
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Northrop Grumman awarded $328.6M government contract »

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  • 23

    Aug

BA

Boeing

$235.68

-0.09 (-0.04%)

17:18
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Hot Stocks
Boeing awarded $349.2M government contract »

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LMT

Lockheed Martin

$301.88

2.68 (0.90%)

17:17
08/21/17
08/21
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17:17
Hot Stocks
Lockheed Martin awarded $427M government contract »

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  • 23

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PBFX

PBF Logistics

$20.80

-0.05 (-0.24%)

17:11
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Hot Stocks
Breaking Hot Stocks news story on PBF Logistics »

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