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WDC

Western Digital

$88.31

1.66 (1.92%)

, TOSYY

Toshiba, also use TOSBF

$17.28

0.49 (2.92%)

06:38
08/24/17
08/24
06:38
08/24/17
06:38

Western Digital consortium to offer $17.4B for Toshiba chip unit, Reuters says

A consortium that includes Western Digital (WDC), KKR (KKR), Innovation Network Corp. of Japan and Development Bank of Japan is offering Y1.9T, or $17.4B for Toshiba's (TOSBF, TOSYY) flash memory business as the company looks to cover losses from its U.S. nuclear division, Reuters reports, citing sources familiar with the deal. Western Digital is planning to offer Y150B through convertible bonds and will not seek voting rights and other consortium members expect to offer Y300B. Reference Link

WDC

Western Digital

$88.31

1.66 (1.92%)

TOSYY

Toshiba, also use TOSBF

$17.28

0.49 (2.92%)

TOSBF

Toshiba, also use TOSYY

$2.88

0.064 (2.27%)

KKR

KKR

$18.57

-0.07 (-0.38%)

WDC Western Digital
$88.31

1.66 (1.92%)

08/23/17
COWN
08/23/17
NO CHANGE
Target $117
COWN
Outperform
Western Digital deal with Toshiba would eliminate overhang, says Cowen
Cowen analyst Karl Ackerman said a deal between Western Digital (WDC) and Toshiba (TOSBF) could be voted on by the end of August, which would remove an overhang on Western Digital shares. The analyst sees a deal being accretive through calendar year 2019 and also believes it would eliminate risks surrounding IP leakage and NAND technology leadership. Ackerman reiterated his Outperform rating and $117 price target on Western Digital shares.
08/21/17
SBSH
08/21/17
NO CHANGE
SBSH
Citi still positive on Western Digital despite bearish view on NAND outlook
Citi analyst Christopher Danely expects NAND supply to overtake demand in Q4. He also expects NAND supply growth to eclipse Bit demand growth in 2018. However, the analyst says that Western Digital's stock is reflecting an overly bearish scenario of $8 2018 EPS versus his forecast of $10.97. The analyst trimmed his price target on the stock to $110 from $115 but keeps a Buy rating on the shares.
08/11/17
CLVD
08/11/17
NO CHANGE
CLVD
DRAM, NAND outlooks unlikely to change into first half, says Cleveland Research
Cleveland Research sees the DRAM supply/demand situation seeing limited change throughout 2018, with price expected to climb further in the first half of the year. NAND supply is likely to remain constrained through at least the first quarter of 2018, added the firm, which keeps a Buy rating on Micron (MU) and a Neutral ratings on Seagate (STX) and Western Digital (WDC).
07/28/17
LOOP
07/28/17
NO CHANGE
Target $140
LOOP
Buy
Western Digital should be bought at these levels, says Loop Capital
Loop Capital analyst Ananda Baruah is "vigorously reiterating" his Buy rating and $140 price target on Western Digital shares after the company's Q4 report was even strong than its preannouncement. With the cloud market "literally ripping like never before," Western Digital could "potentially blow away" its calendar 2017 guidance, Baruah tells investors.
TOSYY Toshiba, also use TOSBF
$17.28

0.49 (2.92%)

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.
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.
08/14/17
SBSH
08/14/17
UPGRADE
SBSH
Buy
Toshiba upgraded to Buy from Neutral at Citi
Citi analyst Kota Ezawa upgraded Toshiba to Buy saying the company's August 10 briefing indicated that there is reduced risk of additional WEC losses and the NAND business is generating "remarkably high profit." The probability of Toshiba rebuilding and remaining a going concern has increased significantly, the analyst tells investors in a research note. Ezawa now puts the possibility of Toshiba, delisting at less than 30%. The analyst has 430 yen price target for the shares.
TOSBF Toshiba, also use TOSYY
$2.88

0.064 (2.27%)

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.
KKR KKR
$18.57

-0.07 (-0.38%)

08/09/17
BARD
08/09/17
NO CHANGE
BARD
Neutral
AmerisourceBergen settlement ups odds of PharMerica switch, says Baird
Baird analyst Eric Coldwell said AmerisourceBergen's (ABC) 10-Q last week showed that the company and PharMerica (PMC) have tentatively agreed to settle their long-running legal fight, which he reads as significantly increasing the odds of AmerisourceBergen displacing incumbent Cardinal Health (CAH) after KKR (KKR) and minority investor Walgreens (WBA) complete their deal to buy PharMerica. Coldwell has a Neutral rating and $89 price target on AmerisourceBergen shares.
07/25/17
LEER
07/25/17
DOWNGRADE
Target $66.5
LEER
Market Perform
WebMD downgraded to Market Perform from Outperform at Leerink
Leerink analyst David Larsen downgraded WebMD (WBMD) to Market Perform from Outperform after the company announced that it has entered into a definitive agreement to be acquired by Internet Brands, a KKR (KKR) portfolio company, in a transaction valued at about $2.8B. The analyst also raised his price target on WebMD's shares to $66.50 from $60.
05/09/17
NEED
05/09/17
NO CHANGE
Target $16
NEED
Buy
KKR adds $5 per share to Pandora value, says Needham
Noting that Pandora (P) announced it had raised $150M by selling a 5-year, 8% convertible preferred security to KKR (KKR), Needham analyst Laura Martin calculates that adding KKR to the Pandora story adds $5 per share to the latter's value, implying that it should trade up to $15 per share on the news over time. The analyst believes KKR provides a financial safety net, and expects KKR's exit time frame to be 5 years, giving public shareholders a clearer exit path. She reiterates a Buy rating and $16 price target on Pandora's shares.
05/09/17
PIPR
05/09/17
NO CHANGE
Target $18
PIPR
Overweight
Pandora sale path accelerated with KKR investment, says Piper Jaffray
Piper Jaffray analyst Stan Meyers believes Pandora's (P) path towards a potential sale has accelerated following KKR's (KKR) strategic investment. The analyst also expects Pandora's margins in its core radio business to continue improving. He remains "upbeat" on the shares with an Overweight rating and $18 price target.

TODAY'S FREE FLY STORIES

MIK

Michaels

$21.13

-0.36 (-1.68%)

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WIN

Windstream

$2.01

-0.03 (-1.47%)

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RDNT

RadNet

$11.10

-0.05 (-0.45%)

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General news
Mexico Bolsa market halts trading following earthquake, Bloomberg reports »

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FDX

FedEx

$215.92

0.84 (0.39%)

14:49
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14:49
Options
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UBNT

Ubiquiti

$50.62

-4.335 (-7.89%)

14:47
09/19/17
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14:47
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Technical Analysis
Technical View: Ubiquiti heading down in late afternoon trading »

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VLO

Valero

$72.67

0.47 (0.65%)

14:44
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Periodicals
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  • 26

    Oct

UBNT

Ubiquiti

$50.62

-4.335 (-7.89%)

14:42
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09/19
14:42
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14:42
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REV

Revlon

$17.15

1.15 (7.19%)

14:40
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GLNG

Golar LNG

$21.04

-0.41 (-1.91%)

14:35
09/19/17
09/19
14:35
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14:35
Options
Golar LNG put volume heavy and directionally bearish »

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EWW

iShares MSCI Mexico

$55.84

-0.07 (-0.13%)

14:31
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14:31
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14:31
Hot Stocks
Breaking Hot Stocks news story on iShares MSCI Mexico »

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ICON

Iconix Brand

$5.88

0.19 (3.34%)

14:29
09/19/17
09/19
14:29
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14:29
Initiation
Iconix Brand initiated  »

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  • 28

    Sep

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$NSD

NASDAQ Market Internals

14:17
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14:17
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Technical Analysis
NASDAQ market internals summary »

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SAIC

SAIC

$64.20

0.92 (1.45%)

14:16
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$NYE

NYSE Market Internals

14:16
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14:16
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Technical Analysis
NYSE market internals summary »

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UNIT

Uniti Group

$17.47

-0.93 (-5.05%)

14:15
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Options
Uniti Group put volume heavy and directionally bearish »

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  • 02

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POR

Portland General Electric

$46.57

0.21 (0.45%)

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VOLVY

Volvo

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PETS

PetMed Express

$35.81

0.25 (0.70%)

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BBY

Best Buy

$53.68

-3.6695 (-6.40%)

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Best Buy to host investor day »

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  • 19

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XOP

SPDR Oil Exploration and Production Fund

$32.01

-0.1011 (-0.31%)

13:50
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TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

, TOSYY

Toshiba, also use TOSBF

$17.25

-0.1699 (-0.98%)

13:49
09/19/17
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13:49
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13:49
Periodicals
Toshiba back to favoring Western Digital group for chip unit sale, Reuters says »

Toshiba (TOSBF, TOSYY) …

TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

TOSYY

Toshiba, also use TOSBF

$17.25

-0.1699 (-0.98%)

WDC

Western Digital

$89.18

0.66 (0.75%)

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SSTI

ShotSpotter

$10.88

0.01 (0.09%)

13:46
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VLO

Valero

$73.10

0.9 (1.25%)

13:45
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Periodicals
Crews battling fire at Valero refinery in Port Arthur, News4SA reports »

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  • 26

    Oct

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