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SCG

Scana

$61.02

-0.27 (-0.44%)

, TOSBF

Toshiba, also use TOSYY

$2.18

-0.2326 (-9.66%)

13:02
07/31/17
07/31
13:02
07/31/17
13:02

SCE&G to stop construction of two new nuclear units, to file plan of abandonment

South Carolina Electric & Gas Company, principal subsidiary of SCANA Corporation (SCG), anounced that it will cease construction of the two new nuclear units at the V.C. Summer Nuclear Station in Jenkinsville, SC and will promptly file a petition with the Public Service Commission of South Carolina seeking approval of its abandonment plan. This decision was reached by SCE&G after considering the additional costs to complete the Units, the uncertainty regarding the availability of production tax credits for the project, the amount of anticipated guaranty settlement payments from Toshiba Corporation (TOSBF), and other matters associated with continuing construction, including the decision of the co-owner of the project, the South Carolina Public Service Authority, the state owned electric utility, to suspend construction of the project. Based on these factors, SCE&G concluded that it would not be in the best interest of its customers and other stakeholders to continue construction of the project.

SCG

Scana

$61.02

-0.27 (-0.44%)

TOSBF

Toshiba, also use TOSYY

$2.18

-0.2326 (-9.66%)

TOSYY

Toshiba, also use TOSBF

$12.99

-1.5 (-10.35%)

SCG Scana
$61.02

-0.27 (-0.44%)

07/28/17
GABE
07/28/17
DOWNGRADE
GABE
Hold
Scana downgraded to Hold from Buy at Gabelli
Gabelli downgraded Scana to Hold to reflect increased concern the company abandons the construction of VC Summer Nuclear Power Plant units 2 & 3.
07/20/17
GSCO
07/20/17
UPGRADE
Target $66
GSCO
Neutral
Scana upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Michael Lapides upgraded Scana to Neutral saying construction and cost concerns are now priced into the shares. The analyst raised his price target for the stock to $66 from $64.
03/03/17
UBSW
03/03/17
UPGRADE
Target $77
UBSW
Buy
SCANA upgraded to Buy from Neutral at UBS
UBS analyst Julien Dumoulin-Smith upgraded SCANA to Buy and raised its price target to $77 from $75 saying shares have underperform on Toshiba concerns. The analyst said Toshiba concerns have largely reached an apex for now and believes Q1 updates indicate the latest delay will actually be quite modest. He believes the most recent actions by Toshiba to sell off other businesses rather than addressing the Westinghouse business head-on following the $6B writedown in December gives him confidence on its implicit commitment.
07/28/17
GUGG
07/28/17
DOWNGRADE
GUGG
Sell
Scana downgraded to Sell from Buy at Guggenheim
TOSBF Toshiba, also use TOSYY
$2.18

-0.2326 (-9.66%)

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.
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.
06/27/17
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.
07/17/17
COWN
07/17/17
NO CHANGE
Target $117
COWN
Outperform
Western Digital successful bid for Toshiba unit would be accretive, says Cowen
Cowen analyst Karl Ackerman noted Western Digital (WDC) won three court victories in its case against Toshiba (TOSBF), which he sees strengthening its position to acquire the remaining 50% of its memory division. The analyst believes a successful bid would yield 10-15% accretion to earnings in 2018 and drive a higher multiple for Western Digital shares. Ackerman reiterated his Outperform rating and $117 price target on Western Digital.
TOSYY Toshiba, also use TOSBF
$12.99

-1.5 (-10.35%)

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

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$NSD

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RIC

Richmont Mines

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Breaking Hot Stocks news story on Richmont Mines »

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MGLN

Magellan Health

$83.65

0.35 (0.42%)

15:18
11/24/17
11/24
15:18
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15:18
Conference/Events
Magellan Health to hold a conference call »

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  • 01

    Dec

SGMS

Scientific Games

$52.00

-0.2 (-0.38%)

15:17
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Conference/Events
Scientific Games to host special shareholder meeting »

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$NSD

NASDAQ Market Internals

15:17
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Volume is above average…

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$NYE

NYSE Market Internals

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Volume is below average…

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$NSD

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$NYE

NYSE Market Internals

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M

Macy's

$21.07

0.44 (2.13%)

, WMT

Wal-Mart

$96.62

0.21 (0.22%)

13:29
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General news
On The Fly: Top stock stories for Friday »

Stocks on Wall Street…

M

Macy's

$21.07

0.44 (2.13%)

WMT

Wal-Mart

$96.62

0.21 (0.22%)

TGT

Target

$55.88

-1.61 (-2.80%)

BASFY

BASF

$27.39

-0.13 (-0.47%)

TEVA

Teva

$13.70

0.22 (1.63%)

CBS

CBS

$56.54

0.3 (0.53%)

DISH

Dish

$50.43

0.39 (0.78%)

ASX

Advanced Semiconductor

$7.07

0.76 (12.04%)

SPIL

Siliconware Precision

$7.94

-0.05 (-0.63%)

QD

Qudian

$12.22

-3.93 (-24.33%)

BABA

Alibaba

$191.19

1.35 (0.71%)

VIPS

Vipshop

$8.14

-0.3 (-3.55%)

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  • 24

    Nov

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    Mar

AFL

Aflac

$85.00

-0.05 (-0.06%)

13:26
11/24/17
11/24
13:26
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13:26
Conference/Events
Aflac to hold a conference call »

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  • 01

    Dec

GBL

GAMCO Investors

, WTS

Watts Water

$72.65

0.15 (0.21%)

13:26
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11/24
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Hot Stocks
Breaking Hot Stocks news story on GAMCO Investors, Watts Water »

Gabelli reports 6.69%…

GBL

GAMCO Investors

WTS

Watts Water

$72.65

0.15 (0.21%)

03/08/13
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  • 04

    Dec

CC

Chemours

$53.31

0.45 (0.85%)

13:23
11/24/17
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Conference/Events
Chemours to host investor day »

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  • 01

    Dec

$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

13:16
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NYSE market internals summary »

Volume is below average…

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AIMT

Aimmune

$35.74

0.16 (0.45%)

13:09
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Conference/Events
Aimmune to hold an investor symposium »

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  • 28

    Nov

PN

Patriot National

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CMCM

Cheetah Mobile

$12.02

-0.4 (-3.22%)

12:55
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GM

General Motors

$44.47

0.1828 (0.41%)

12:53
11/24/17
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Conference/Events
General Motors holds an investor an analyst webcast »

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  • 30

    Nov

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    Jan

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    Jan

12:45
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Week of 11/24…

EBAY

eBay

$35.94

-0.02 (-0.06%)

, OSTK

Overstock.com

$61.05

0.6 (0.99%)

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Periodicals
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EBAY

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$35.94

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OSTK

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$61.05

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AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

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  • 27

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