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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.

TODAY'S FREE FLY STORIES

AKBA

Akebia

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0.02 (1.56%)

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AMC

AMC Entertainment

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SIX

Six Flags

$56.28

-1.01 (-1.76%)

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  • 26

    Jul

LYV

Live Nation

$36.38

-0.01 (-0.03%)

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UNP

Union Pacific

$106.14

-1.7 (-1.58%)

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  • 21

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MTN

Vail Resorts

$206.11

0.09 (0.04%)

08:50
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GE

General Electric

$26.69

-0.25 (-0.93%)

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Breaking Hot Stocks news story on General Electric »

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  • 21

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GPC

Genuine Parts

$81.69

-1.27 (-1.53%)

08:47
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SLB

Schlumberger

$67.02

-0.42 (-0.62%)

08:46
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Schlumberger says expects to double SPM revenue over next two years »

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  • 21

    Jul

GE

General Electric

$26.69

-0.25 (-0.93%)

08:45
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  • 21

    Jul

  • 02

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ITW

Illinois Tool Works

$147.12

-0.56 (-0.38%)

08:45
07/21/17
07/21
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Technical Analysis
Technical Earnings Preview: Illinois Tool Works in uptrend ahead of news »

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  • 24

    Jul

XRT

S&P Retail Index SPDR

$40.59

0.09 (0.22%)

, PAA

Plains All American

$26.47

-0.16 (-0.60%)

08:45
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Options
Largest borrow rate increases among liquid names »

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XRT

S&P Retail Index SPDR

$40.59

0.09 (0.22%)

PAA

Plains All American

$26.47

-0.16 (-0.60%)

03/08/13
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  • 08

    Aug

  • 08

    Nov

SLB

Schlumberger

$67.02

-0.42 (-0.62%)

08:41
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Schlumberger says all U.S. product lines profitable in Q2 »

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  • 21

    Jul

HIMX

Himax

$8.86

0.34 (3.99%)

08:41
07/21/17
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Himax rating change  »

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  • 03

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SLM

Sallie Mae

$10.98

-0.83 (-7.03%)

08:41
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SLB

Schlumberger

$67.02

-0.42 (-0.62%)

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  • 21

    Jul

EXPI

eXp World Holdings

$2.95

-0.04 (-1.34%)

08:36
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CXDC

China XD Plastics

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AAAP

Advanced Accelerator

$41.13

0.56 (1.38%)

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FNB

F.N.B.

$13.59

-0.56 (-3.96%)

, YDKN

Acquired by FNB

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FNB

F.N.B.

$13.59

-0.56 (-3.96%)

YDKN

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OFG

OFG Bancorp

$9.85

-0.1 (-1.01%)

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  • 21

    Jul

ENDP

Endo

$12.32

0.24 (1.99%)

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  • 08

    Aug

ADS

Alliance Data

$238.62

-24.91 (-9.45%)

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  • 24

    Jul

  • 05

    Sep

KCG

KCG Holdings

, TNGO

Tangoe

08:30
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KCG

KCG Holdings

TNGO

Tangoe

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RGEN

Repligen

$42.17

0.13 (0.31%)

08:30
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Initiation
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