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TOSBF

Toshiba, also use TOSYY

$2.09

-0.07 (-3.24%)

, TOSYY

Toshiba, also use TOSBF

$12.40

-0.56 (-4.32%)

18:22
07/14/17
07/14
18:22
07/14/17
18:22

Greenlight takes new stake in Toshiba, Bloomberg reports

David Einhorn's Greenlight Capital added a new stake in Toshiba during Q2, Bloomberg reports. The firm mentioned in a note to clients that it's wagering the Japanese conglomerate's shares will rise once it exits money-losing contracts tied to its Westinghouse unit, which filed for bankruptcy protection in March, the report says. Greenlight also believes Toshiba can settle a legal dispute over a sale of its memory unit that was meant to clear up its balance sheet, the report notes. "We believe investors will refocus on the significant margin and valuation upside at Toshiba once it has resolved uncertainties," Greenlight said in the letter. "We believe the stock is worth closer to 400 yen per share." Reference Link

TOSBF

Toshiba, also use TOSYY

$2.09

-0.07 (-3.24%)

TOSYY

Toshiba, also use TOSBF

$12.40

-0.56 (-4.32%)

  • 14

    Jul

TOSBF Toshiba, also use TOSYY
$2.09

-0.07 (-3.24%)

05/22/17
COWN
05/22/17
NO CHANGE
Target $115
COWN
Outperform
Western Digital most strategic buyer of Flash Ventures, says Cowen
Cowen analyst Timothy Arcuri revisited the likelihood of Western Digital (WDC) acquiring the remaining roughly 50% share of Toshiba (TSOBF) Flash Ventures. He believes the deal would be accretive by 10-15% in 2018 and said they remain the most strategic of buyers for the division. Arcuri views Hynix and Micron (MU) as much less likely bidders due to antitrust review, while any deal with Broadcom (AVGO) would have to most likely be backed by fixed economics with Apple (AAPL) or related to Toshiba's discrete/system LSI assets in a Brocade-like (BRCD) deal. Arcuri reiterated his Outperform rating and $115 price target on Western Digital shares.
05/24/17
STFL
05/24/17
NO CHANGE
STFL
Western Digital acquisition of Toshiba could be 10%-15% accretive, says Stifel
After Kyodo News reported that Western Digital (WDC) has offered to buy Toshiba (TOSBF) for about $18B, Stifel analyst Aaron Rakers estimates that the deal could be 10%-15% accretive for Western Digital at that price. He keeps a $120 price target and a Buy rating on Western Digital.
06/09/17
NOMU
06/09/17
NO CHANGE
NOMU
Micron has positive read through from Broadcom news, says Nomura Instinet
After meeting with Broadcom's (AVGO) CEO, Nomura analyst Romit Shah thinks that the company tried to buy Toshiba's (TOSBF) NAND flash business. The analyst says that Broadcom's effort should lead investors to question whether Micron (MU) is undervalued. He keeps a $40 price target and Buy rating on the shares.
06/27/17
BTIG
06/27/17
NO CHANGE
BTIG
Western Digital fundamentals still 'quite strong,' says BTIG
BTIG analyst Edward Parker says that Western Digital's (WDC) "strong preliminary results" indicate that its "fundamentals remain quite strong." The analyst says he doesn't believe that Toshiba (TOSBF, TOSYY) can sell its share in the chip joint venture while Western Digital is seeking injunctive relief. He adds that the intensity of the battle over the joint venture shows that there is widespread optimism about the memory sector. He keeps a $120 price target and a Buy rating on Western Digital.
TOSYY Toshiba, also use TOSBF
$12.40

-0.56 (-4.32%)

03/17/17
RBCM
03/17/17
NO CHANGE
RBCM
Western Digital likely to acquire Toshiba, says RBC Capital
After multiple media reports stated that the Japanese government probably won;t rescue Toshiba (TOSBF, TOSYY), RBC Capital analyst Amit Daryanani says that the news "greatly increases" the odds of the company being acquired by U.S. entities. He thinks that Western Digital (WDX), in partnership with private equity firms, is the "high probability acquirer" of the company. By undertaking the deal, Western Digital would "further improve its NAND position and drive significant accretion with an upside bias to our $12.00+ EPS scenario," Daryanani wrote. He kept a $90 price target and an Outperform rating on the shares.
03/31/17
UBSW
03/31/17
NO CHANGE
Target $245
UBSW
Buy
Broadcom deal for Toshiba NAND has wide range of accretion potential, says UBS
UBS analyst Stephen Chin commented on the Nikkei report that Broadcom (AVGO) and Silver Lake Partners had submitted a bid to acquire Toshiba's (TOSBF) NAND business for $17.9B, saying he would not be surprised if Broadcom were in fact a bidder but he is not sure if a deal will happen. Depending on the structure of a deal, his pro forma scenarios range from 3% EPS accretion in FY18 to 9% in FY19 accretion, he tells investors. Chin keeps a Buy rating and $245 price target on Broadcom shares, which slid by 0.6% to close at $220.04 yesterday.
05/18/17
UBSW
05/18/17
NO CHANGE
Target $21
UBSW
Buy
Marvell shares will outperform when company addresses trends, says UBS
UBS analyst Stephen Chin laid out three reasons why he still likes Marvell (MRVL) shares. He cited its strong balance sheet and a decision on either a big buyback or an acquisition soon; expectations for storage sales to continue to grow; and his view that the concerns about the possibility of a competitor buying Toshiba's (TOSBF) memory assets are overblown. The analyst feels Marvell's valuation remains attractive and once the company addresses concerns about fundamental trends in storage, the stock should outperform. Chin maintained his Buy rating and $21 price target on Marvell shares.

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General news
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BCE

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FDC

First Data

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ARDS

Aridis Pharmaceuticals

$0.00

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21:54
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Aridis Pharmaceuticals 2M share IPO priced at $13.00 »

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JPM

JPMorgan

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-1.8 (-1.56%)

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JPMorgan to stop offering investment accounts to foreign clients, Bloomberg says »

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BIIB

Biogen

$340.67

-2.54 (-0.74%)

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UK's NICE: Biogen's Spinraza too expensive for health service, Reuters reports »

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HD

Home Depot

$194.11

-2.19 (-1.12%)

, TPR

Tapestry

$47.42

-0.52 (-1.08%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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Home Depot

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TPR

Tapestry

$47.42

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AAP

Advance Auto Parts

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EAT

Brinker

$43.81

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HIL

Hill International

$5.65

(0.00%)

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Hill International provides update on NYSE notice of delisting »

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NVDA

Nvidia

$256.08

1.38 (0.54%)

19:36
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Nvidia launches Turing GPU architecture in computer graphics »

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    Aug

ESRX

Express Scripts

$84.04

0.39 (0.47%)

, CI

Cigna

$181.78

-1.59 (-0.87%)

19:33
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Hot Stocks
Carl Icahn says will no longer vote against Cigna/Express Scripts deal »

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Express Scripts

$84.04

0.39 (0.47%)

CI

Cigna

$181.78

-1.59 (-0.87%)

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MEOH

Methanex

$71.55

-0.45 (-0.63%)

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Methanex signs natural gas supply agreement for Chile operations »

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PERY

Perry Ellis

$29.10

-0.03 (-0.10%)

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Randa nearing decision on competing Perry Ellis bid, WWD reports »

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TCBK

TriCo Bancshares

$39.20

-0.14 (-0.36%)

19:01
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Hot Stocks
TriCo Bancshares names Peter Wiese as CFO, effective August 14 »

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  • 24

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ARQL

ArQule

$5.67

0.21 (3.85%)

, YEXT

Yext

$22.57

-0.18 (-0.79%)

19:01
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Hot Stocks
On The Fly: After Hours Movers »

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ArQule

$5.67

0.21 (3.85%)

YEXT

Yext

$22.57

-0.18 (-0.79%)

CWT

California Water Service

$40.05

-0.4 (-0.99%)

SJW

SJW Corp.

$62.49

0.74 (1.20%)

VERI

Veritone

$15.81

1.05 (7.11%)

SWCH

Switch

$13.96

-0.11 (-0.78%)

VIPS

Vipshop

$8.98

-0.15 (-1.64%)

SAIL

SailPoint

$28.39

-0.43 (-1.49%)

RH

RH

$151.63

7.175 (4.97%)

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ROSE

Rosehill Resources

$8.36

-0.09 (-1.07%)

19:01
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Earnings
Rosehill Resources reports Q2 net income $8.7M vs. loss ($1.4M) last year »

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  • 19

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CMC

Commercial Metals

$21.80

0.11 (0.51%)

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  • 11

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KALU

Kaiser Aluminum

$109.76

-1.35 (-1.22%)

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ESTA

Establishment Labs

$27.10

0.66 (2.50%)

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Establishment Labs initiated at BTIG »

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  • 14

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BRK.A

Berkshire Hathaway

$310,200.00

-1950 (-0.62%)

, BRK.B

Berkshire Hathaway

$205.17

-1.365 (-0.66%)

18:08
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Berkshire Hathaway comments on quarterly reporting on Form 13F »

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BRK.A

Berkshire Hathaway

$310,200.00

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Berkshire Hathaway

$205.17

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PRO

Pros Holdings

$39.80

-0.2 (-0.50%)

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PROS Holdings 450K share Block Trade; price range $7.60-$7.80 »

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YY

YY

$87.72

-1.09 (-1.23%)

18:06
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Breaking Earnings news story on YY »

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  • 13

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ICUI

ICU Medical

$293.00

0.85 (0.29%)

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ICU Medical 700K share Block Trade; price range $287-$290 »

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  • 21

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YY

YY

$87.72

-1.09 (-1.23%)

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Earnings
YY reports Q2 adjusted EPS $2.03, consensus $1.77 »

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  • 13

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LAC

Lithium Americas

$3.56

-0.17 (-4.56%)

, SQM

SQM

$45.68

-1.16 (-2.48%)

18:03
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Hot Stocks
Lithium Americas to partner with Ganfeng Lithium in Cauchari-Olaroz »

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LAC

Lithium Americas

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-0.17 (-4.56%)

SQM

SQM

$45.68

-1.16 (-2.48%)

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