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BRK.A

Berkshire Hathaway

$256,200.01

180.01 (0.07%)

, BRK.B

Berkshire Hathaway

$170.16

0.69 (0.41%)

16:37
07/17/17
07/17
16:37
07/17/17
16:37

Berkshire adds support from Texas stakeholder groups for Oncor deal

Berkshire Hathaway Energy (BRK.A), a subsidiary of Warren Buffett's Berkshire Hathaway Inc., announced the support of new Texas stakeholder groups for its proposed acquisition of Oncor Electric Delivery Company LLC. TXU Energy, NRG Energy (NRG), the Texas Energy Association for Marketers and the Alliance for Retail Markets have signed a growing list of regulatory commitments proposed by Berkshire Hathaway Energy and agreed to support approval of the transaction as proposed.

BRK.A

Berkshire Hathaway

$256,200.01

180.01 (0.07%)

BRK.B

Berkshire Hathaway

$170.16

0.69 (0.41%)

NRG

NRG Energy

$22.92

-0.32 (-1.38%)

  • 17

    Jul

BRK.A Berkshire Hathaway
$256,200.01

180.01 (0.07%)

05/16/17
MSCO
05/16/17
NO CHANGE
Target $212
MSCO
Overweight
IBM at attractive entry point ahead of mainframe cycle, says Morgan Stanley
Morgan Stanley analyst Katy Huberty attributes recent weakness in shares of IBM (IBM) to the combination of the news that Warren Buffett's Berkshire Hathaway (BRK.A) cut its stake by a third and the company's weak Q1 gross margin trends. However, growth accelerates and margins expand historically for IBM around a mainframe cycle, making the pullback an attractive entry point, according to Huberty. The analyst, who sees a number of the gross margin pressures that have recently plagued IBM abating in the second half of 2017, has a $212 price target on Big Blue's shares.
03/20/17
03/20/17
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. Monness Crespi analyst James Cakmak initiated Snap (SNAP) with a Buy and a $25 price target. 2. Workday (WDAY) initiated with a Buy at BofA/Merrill. 3. Berkshire Hathaway (BRK.A) initiated with an Equal Weight at Morgan Stanley. 4. MeetMe (MEET) initiated with a Buy at Canaccord. 5. ARC Document (ARC) resumed with a Buy at B. Riley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/27/17
06/27/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Impinj (PI) was downgraded to Sector Weight from Overweight by Pacific Crest analyst Brad Erickson based on valuation. 2. Mizuho analyst Haendel St. Juste downgraded Store Capital (STOR) to Neutral from Buy citing fair valuation following recent strength driven by Berkshire Hathaway's (BRK.A) investment. 3. Camtek (CAMT) was downgraded to Hold from Buy by Needham analyst Y. Edwin Mok, as he expects to see some deceleration as the PCB business normalizes and he believes large orders for back-end semi inspections are already reflected in the stock after its recent run-up. 4. Nomura Instinet analyst Dan Dolev downgraded Cintas (CTAS) to Neutral from Buy after lowering his FY18 uniform rental organic growth forecasts to 5% from 7%. 5. Atlantic Equities analyst Barry MacCarthy downgraded Hess Corp. (HES) and Schlumberger (SLB), both to Neutral from Overweight, given his view of the limited prospects for an oil price rebound. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/17
LOOP
07/12/17
NO CHANGE
Target $42
LOOP
Buy
Core-Mark unlikely to 'get Amazoned,' says Loop Capital
Loop Capital analyst Andrew Wolf said he sees Core-Mark (CORE) as the least likely company among those he covers to get "Amazoned," or put at risk by Amazon (AMZN) buying a competitor. Its closest competitor McLane, which is owned by Berkshire Hathaway (BRK.B), is highly unlikely to sell to Amazon given that its largest customer is Amazon's rival Wal-Mart (WMT), Wolf tells investors. He keeps a Buy rating on Core-Mark and raised his target on the shares to $42 from $40 citing his increased 2018 EPS forecast.
BRK.B Berkshire Hathaway
$170.16

0.69 (0.41%)

02/22/17
02/22/17
NO CHANGE

Morgan Stanley would not dismiss possibility of Berkshire buying an airline
With Warren Buffett's Berkshire Hathaway (BRK.A) recently disclosing an increase to its overall airline exposure, making the firm a number one or two holder for each of the "Big 4," Morgan Stanley polled investors and found that about 60% do not expect this to be a step towards a full-scale acquisition. However, analyst Rajeev Lalwani said the prospect of Berkshire buying an airline is a possibility that is "not worth dismissing," citing the historical precedent of Buffett's involvement in the rail industry and eventual deal to buy Burlington Northern SantaFe in 2009. The top four U.S. airlines include American Airlines (AAL), Delta Air Lines (DAL), Southwest (LUV) and United Continental (UAL).
01/03/17
ARGS
01/03/17
INITIATION
ARGS
Hold
Berkshire Hathaway initiated with a Hold at Argus
Argus analysts Stephen Biggar and Mike Jaffe started coverage of Berkshire Hathaway with a Hold rating. The analysts expect the company's earnings growth to come in below that of the market in 2017, and they are concerned about the company's succession plan for Chairman and CEO Warren Buffet and Vice Chairman Charlie Munger. The analysts say that the men "will be difficult to replace." They believe that the stock appears to be fairly valued at current levels.
NRG NRG Energy
$22.92

-0.32 (-1.38%)

07/13/17
LEHM
07/13/17
NO CHANGE
Target $27
LEHM
Overweight
NRG Energy price target raised to $27 from $20 at Barclays
Barclays analyst Daniel Ford raised his price target for NRG Energy to $27 saying the company's transformation plan is "significantly accretive." NRG's plan to sell between a 50%-100% stake in NRG Yield and Renewables, plus 6GWs of conventional generation can achieve management's projected $2.0B-$4.5B in cash proceeds and reduction of $8.7B in debt, Ford tells investors in a research note. His upside case has $11 per share of valuation accretion to $38 per share. The analyst reiterates an Overweight rating on the shares.
06/01/17
UBSW
06/01/17
UPGRADE
Target $20
UBSW
Buy
NRG Energy upgraded to Buy from Neutral at UBS
UBS analyst Julien Dumoulin-Smith upgraded NRG Energy to Buy and raised his price target for the shares to $20 from $19. The proposed GenOn settlement is a positive and, along with the latest PJM auction, adds "clarity to the story," Dumoulin-Smith tell investors in a research note. He also views the NRG's cost cutting initiative as the major near-term catalyst for the shares.
05/24/17
FBCO
05/24/17
NO CHANGE
FBCO
Outperform
Exelon a net winner despite 'disappointing' 2020/21 auction, says Credit Suisse
Following PJM Interconnection's annual capacity auction, Credit Suisse analyst Michael Weinstein called Exelon a net winner despite "disappointing" RPM results for the 2020/21 capacity auction. The results for the EMAAC area should help drive a net positive result for Exelon assuming the same amount of capacity cleared year-over-year, he indicated. PSEG (PEG) and Calpine (CPN)are also "net beneficiaries," while Dynegy (DYN), NRG Energy (NRG) and FirstEnergy (FE) will "bear the brunt of a poor RTO showing," Weinstein tells investors.
05/11/17
DBAB
05/11/17
NO CHANGE
Target $14
DBAB
Buy
Calpine unlikely to go private above $16 per share, says Deutsche Bank
Deutsche Bank analyst Abe Azar sees few strategic acquirers for Calpine (CPN), making going private or remaining public the most likely outcomes in his view. The Wall Street Journal reported yesterday that the company is exploring a sale. Market power issues in Texas make a combination with Vistra Energy (VST) or NRG Energy (NRG) unlikely, and while PSEG (PEG) and Exelon (EXC) could afford buying Calpine, such a deal would be a shift in strategy for both. The analyst finds it unlikely that a go-private deal gets done much north of $16 per share. He believes, however, that a mid-teens per share takeout is possible "with some creative structuring." Even without a deal, Calpine offers value based on its cash flow profile, Azar contends. The analyst reiterates a Buy rating on Calpine with a $14 price target.

TODAY'S FREE FLY STORIES

14:55
11/22/17
11/22
14:55
11/22/17
14:55
General news
FX Action: The dollar faded further »

FX Action: The dollar…

MCD

McDonald's

$169.13

0.8301 (0.49%)

14:53
11/22/17
11/22
14:53
11/22/17
14:53
Periodicals
McDonald's temporarily pulling chicken tenders due to high demand, BI reports »

McDonald's, unable…

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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SLM

Sallie Mae

$10.60

-0.03 (-0.28%)

14:50
11/22/17
11/22
14:50
11/22/17
14:50
Options
SLM sees bullish option flow »

SLM sees bullish option…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
Barclays

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SQM

SQM

$56.50

-0.835 (-1.46%)

14:49
11/22/17
11/22
14:49
11/22/17
14:49
Options
SQM options imply 5.9% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
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AMZN

Amazon.com

$1,139.49

13.18 (1.17%)

, WMT

Wal-Mart

$96.39

-0.13 (-0.13%)

14:42
11/22/17
11/22
14:42
11/22/17
14:42
Periodicals
Online shopping already set new record, CNBC reports »

With Black Friday and…

AMZN

Amazon.com

$1,139.49

13.18 (1.17%)

WMT

Wal-Mart

$96.39

-0.13 (-0.13%)

BBY

Best Buy

$56.72

0.66 (1.18%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 20

    Feb

  • 18

    Mar

TRP

TransCanada

$49.68

-0.58 (-1.15%)

14:33
11/22/17
11/22
14:33
11/22/17
14:33
Conference/Events
TransCanada to hold investor day »

Investor Day to be held…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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CERN

Cerner

$66.68

0.95 (1.45%)

, AMZN

Amazon.com

$1,139.49

13.18 (1.17%)

14:26
11/22/17
11/22
14:26
11/22/17
14:26
Recommendations
Cerner, Amazon.com analyst commentary  »

Cerner/AWS partnership…

CERN

Cerner

$66.68

0.95 (1.45%)

AMZN

Amazon.com

$1,139.49

13.18 (1.17%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Nov

  • 18

    Mar

14:25
11/22/17
11/22
14:25
11/22/17
14:25
General news
FOMC minutes showed concerns over low inflation »

FOMC minutes showed…

OTEX

OpenText

$33.91

0.38 (1.13%)

14:23
11/22/17
11/22
14:23
11/22/17
14:23
Hot Stocks
Battleground: Macquarie says sell OpenText, Raymond James remains bullish »

This morning, Macquarie…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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FEIM

Frequency Electronics

$9.32

-0.11 (-1.17%)

14:22
11/22/17
11/22
14:22
11/22/17
14:22
Hot Stocks
Frequency Electronics appoints largest shareholder to its board »

Frequency Electronics…

03/08/13
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14:20
11/22/17
11/22
14:20
11/22/17
14:20
General news
Treasury Action: yields remained at low ebb »

Treasury Action: yields…

$NSD

NASDAQ Market Internals

14:17
11/22/17
11/22
14:17
11/22/17
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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$NYE

NYSE Market Internals

14:16
11/22/17
11/22
14:16
11/22/17
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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SASR

Sandy Spring Bancorp

$38.98

0.04 (0.10%)

, WFBI

WashingtonFirst

$33.70

-0.13 (-0.38%)

14:12
11/22/17
11/22
14:12
11/22/17
14:12
Hot Stocks
Sandy Spring Bancorp reports receipt of all regulatory approvals for acquisition »

Sandy Spring Bancorp…

SASR

Sandy Spring Bancorp

$38.98

0.04 (0.10%)

WFBI

WashingtonFirst

$33.70

-0.13 (-0.38%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 28

    Nov

ILG

ILG

$28.11

-0.5 (-1.75%)

14:10
11/22/17
11/22
14:10
11/22/17
14:10
Options
Repeat option activity in ILG »

Repeat option activity in…

03/08/13
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03/08/13
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03/06/13
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  • 29

    Nov

  • 30

    Nov

  • 01

    Dec

14:06
11/22/17
11/22
14:06
11/22/17
14:06
General news
Fed staff still see 'moderate' vulnerabilities in U.S. financial system »

The minutes from the…

14:02
11/22/17
11/22
14:02
11/22/17
14:02
General news
Fed minutes show 'many' saw 'near term' rate hike as warranted »

The minutes from the…

JACK

Jack in the Box

$102.57

-0.41 (-0.40%)

, APO

Apollo Global

$30.53

0.37 (1.23%)

13:59
11/22/17
11/22
13:59
11/22/17
13:59
Periodicals
Apollo near deal to buy Qdoba for over $300M, Reuters says »

Private equity firm…

JACK

Jack in the Box

$102.57

-0.41 (-0.40%)

APO

Apollo Global

$30.53

0.37 (1.23%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 30

    Nov

SASR

Sandy Spring Bancorp

$38.98

0.04 (0.10%)

, WFBI

WashingtonFirst

$33.70

-0.13 (-0.38%)

13:52
11/22/17
11/22
13:52
11/22/17
13:52
Hot Stocks
Federal Reserve Board approves merger of Sandy Spring Bancorp, WashingtonFirst »

The Federal Reserve Board…

SASR

Sandy Spring Bancorp

$38.98

0.04 (0.10%)

WFBI

WashingtonFirst

$33.70

-0.13 (-0.38%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 28

    Nov

WEN

Wendy's

$14.11

0.16 (1.15%)

13:50
11/22/17
11/22
13:50
11/22/17
13:50
Options
Renewed interest in Wendy's 14-strike calls »

Renewed interest in…

03/08/13
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03/06/13
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CERN

Cerner

$66.68

0.95 (1.45%)

, AMZN

Amazon.com

$1,139.49

13.18 (1.17%)

13:47
11/22/17
11/22
13:47
11/22/17
13:47
Recommendations
Cerner, Amazon.com analyst commentary  »

Cerner can add…

CERN

Cerner

$66.68

0.95 (1.45%)

AMZN

Amazon.com

$1,139.49

13.18 (1.17%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Nov

  • 18

    Mar

ICPT

Intercept

$61.80

1.06 (1.75%)

13:45
11/22/17
11/22
13:45
11/22/17
13:45
Options
Intercept call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
Citigroup
03/06/13
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  • 28

    Nov

  • 14

    Dec

13:45
11/22/17
11/22
13:45
11/22/17
13:45
General news
Breaking General news story  »

FOMC Minutes to be…

OTEX

OpenText

$33.91

0.38 (1.13%)

13:38
11/22/17
11/22
13:38
11/22/17
13:38
Recommendations
OpenText analyst commentary  »

Raymond James remains…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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13:35
11/22/17
11/22
13:35
11/22/17
13:35
General news
Treasury Action: yields have drifted lower »

Treasury Action: yields…

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