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BABA

Alibaba

$177.10

-1.87 (-1.04%)

, MGI

MoneyGram

$16.12

-0.7 (-4.16%)

06:25
09/15/17
09/15
06:25
09/15/17
06:25

Equifax breach may hurt Ant Financial-MoneyGram deal, NY Post says

Ant Financial, the financial-services company controlled by Alibaba's (BABA) Jack Ma, may face challenges in its planned $1.2B acquisition of MoneyGram International (MGI) following the Equifax (EFX) data breach as an advisory panel reviewing the deal has started to consider potential data theft by foreign countries, the New York Post reports, citing two sources with direct knowledge of the matter. The panel, which was previously focused on more traditional security issues, may be concerned over Ant Financial's investors, which include state-owned Chinese pension funds. Reference Link

BABA

Alibaba

$177.10

-1.87 (-1.04%)

MGI

MoneyGram

$16.12

-0.7 (-4.16%)

EFX

Equifax

$96.66

-2.33 (-2.35%)

BABA Alibaba
$177.10

-1.87 (-1.04%)

09/01/17
MKMP
09/01/17
NO CHANGE
Target $76
MKMP
Buy
MKM ups Altaba price target to $76 on higher Alibaba outlook
MKM Partners analyst Rob Sanderson raised his price target for Altaba (AABA) shares to $76 from $62 to reflect a higher outlook for the value of the company's Alibaba (BABA) stake. His new sum-of-the-parts valuation embeds a 12-month price target for Alibaba of $220, current value for other assets and the full 40% tax liability. The pretax value of Altaba's assets is now $95 per share, Sanderson tells investors in a research note. He sees tax efficiencies on the stake, upside in the value of Yahoo Japan (YAHOY) and sale of patents in excess of fair value as potential upside scenarios for Altaba. The analyst keeps a Buy rating on the shares. Altaba closed yesterday down 8c to $64.08.
09/06/17
JPMS
09/06/17
NO CHANGE
Target $200
JPMS
Overweight
Alibaba price target lowered to $200 from $205 at JPMorgan
JPMorgan analyst Alex Yao lowered his price target for Alibaba Group Holding to $200 saying he expects the company's s FY18 non-GAAP EBITDA margin to decline to 43% from 47% in FY17 due to investments across B2C promotions, New Retail and video content. The analyst sees a "mixed outlook" for return on investment, but believes the investments "pave the way for long-term sustainable earnings growth." Yao keeps an Overweight rating on Alibaba.
09/07/17
DBAB
09/07/17
NO CHANGE
Target $199
DBAB
Buy
Alibaba price target lowered to $199 from $208 at Deutsche Bank
Deutsche Bank analyst Alan Hellawell lowered his price target for Alibaba shares to $199 after recalibrating his estimates to reflect higher investment for the rest of fiscal year 2018. The analyst reduced his profit estimates to reflect Alibaba's intention to grow B2C market share and rising video spend. Hellawell maintains his FY18 revenue growth estimate of 48.5% on "continuously improving ad personalization and other data analytics tools increasing merchant ROI." The analyst reiterates a Buy rating on Alibaba.
09/12/17
MSCO
09/12/17
NO CHANGE
MSCO
Augmented Reality the next 'killer app' to power Apple, says Morgan Stanley
A team of Morgan Stanley analysts including Katy Huberty, Brian Nowak and Grace Chen, among others, state in a new note to investors that they view Augmented Reality, or AR, as a revolutionary trend that can be "the next killer app" to extend the life of the smartphone market and accelerate device upgrades, led by Apple's (AAPL) iPhone. The analysts, who compare the impact of AR to the launch of Apple's App Store nearly a decade ago, add that they "don't expect the Android ecosystem to stand still in response." Huberty and the team raised the firm's "bull case" valuation of Apple, which they see taking the lead in AR, to $253 from $203. While they see Apple as "the clear leader" in AR, Google (GOOG) and Tencent (TCEHY) are also well-positioned and "interesting use cases" in e-commerce could benefit Alibaba (BABA) and Amazon (AMZN), they add.
MGI MoneyGram
$16.12

-0.7 (-4.16%)

03/14/17
RHCO
03/14/17
NO CHANGE
RHCO
Buy
SunTrust says buy Euronet on MoneyGram deal selloff
Euronet's (EEFT) $1.8B offer to acquire MoneyGram (MGI) is "superior in all ways" to Ant Financial's, which is owned by Alibaba (BABA), SunTrust analyst Andrew Jeffrey tells investors in a research note. He expects shares of Euronet to come under pressure this morning "as many investors simply do not like global remittance." Jeffrey recommends using the weakness to buy Euronet, however, as he feels the company has a differentiated franchise and superior management and growth strategy.
07/25/17
DADA
07/25/17
NO CHANGE
DADA
Euronet would benefit if Moneygram deal blocked, says DA Davidson
After media outlets reported that the U.S. government could block the acquisition of Moneygram (MGI) by Alibaba's (BABA) Ant Financial, DA Davidson analyst Peter Heckmann indicates that such a development would help Euronet (EEFT). He notes that Euronet previously made an unsuccessful bid for Moneygram. He believes that if Euronet is able to acquire Moneygram, the deal would be "transformational" and " would provide visibility to attractive revenue and earnings growth into 2020". Conversely, if Ant acquires Moneygram, Euronet and Western Union (WU) could come under increased pressure, the analyst stated. He keeps a Buy rating on Euronet. .
03/14/17
BTIG
03/14/17
NO CHANGE
BTIG
BTIG says Western Union positive reaction to MoneyGram news makes sense
BTIG analyst Mark Palmer said he believes the uptick in Western Union (WU) shares after the announcement of Euronet's (EEFT) offer to buy competitor MoneyGram (MGI) makes some sense as Euronet may be seen as less of a competitive threat than Alibaba's (BABA) Ant Financial, which previously struck a deal to buy MoneyGram, and the bid underscores the attractiveness and potential of the global remittance space. However, speculation that if Ant was unsuccessful in its effort to acquire MoneyGram it could look to acquire VeriFone (PAY) or Green Dot (GDOT) "makes less sense," said Palmer.
01/30/17
FLTL
01/30/17
DOWNGRADE
FLTL
Hold
MoneyGram downgraded to Hold from Buy at Feltl
Feltl downgraded MoneyGram following its deal to be acquired by Ant Financial for $13.25 per share.
EFX Equifax
$96.66

-2.33 (-2.35%)

09/14/17
SPHN
09/14/17
NO CHANGE
Target $110
SPHN
Equal Weight
Stephens says Equifax not a buy yet, lowers target to $110
Stephens analyst Brett Huff attributes several factors to the additional slide in Equifax shares yesterday, including the fact that 11.5M consumers as of Tuesday have signed up for free monitoring, the implied potential revenue and profit impact from this, and questions about how big lawsuits and other one-time costs could be. Huff, who thinks these one-time costs could be billions of dollars at the high end, would still not be a buyer of the stock despite its about 30% drop since the breach disclosure. He lowered his price target on Equifax shares to $110 from $145 and keeps an Equal Weight rating on the stock. Equifax shares closed yesterday down about 14.5% at $98.99.
09/14/17
JPMS
09/14/17
NO CHANGE
Target $135
JPMS
Overweight
Equifax price target lowered to $135 from $167 at JPMorgan
JPMorgan analyst Andrew Steinerman lowered his price target for Equifax shares to $135 from $167 but keeps an Overweight rating on the name after hosting investor meetings with management. It is too early to accurately forecast the security breach's full impact on the company's operations and bottom line, Steinerman tells investors in a research note. He believes attempts to benchmark the event against other large scale breaches are challenging given the unique nature of Equifax's incident. Steinerman, however, says he now feels better about his estimate of a 10% earnings drag in 2018. His conviction in Equifax's long-term outlook "remains strong." The analyst admits, though, that the Congressional hearings bear risk.
09/14/17
MSCO
09/14/17
NO CHANGE
MSCO
Equifax price target lowered to $127, bear case to $50 at Morgan Stanley
Morgan Stanley analyst Toni Kaplan updated his Equifax estimates following the data breach but notes many of risks are difficult to quantify. Kaplan lowered his bear case for Equifax to $50 and cut his price target to $127 from $140, driven by increased expenses from the breach along with an approximate 50% reduction in DTC related revenues. The analyst rates Equifax an Equal Weight.
09/14/17
LEHM
09/14/17
NO CHANGE
Target $115
LEHM
Overweight
Barclays cuts Equifax target, says further downside 'feels limited'
Barclays analyst Manav Patnaik lowered his price target for Equifax (EFX) shares to $115 but keeps an Overweight rating on the name. The stock closed yesterday down 15%, or $16.91, to $98.99. The analyst lowered his valuation multiple for the stock saying there are few, if any, positive catalysts over the near term as investors continue to digest the data breach. Patnaik, however, believes downside in the stock from current levels "feels limited." Regarding TransUnion (TRU), the analyst raised his price target for the shares to $50 from $48 and says he's a buyer on any further weakness. By all indications, the hack was an Equifax-specific event, Patnaik tells investors in a research note. After meeting with management, he believes TransUnion's fundamentals remain "very strong." The analyst maintains an Overweight rating on the shares.

TODAY'S FREE FLY STORIES

KMX

CarMax

$68.84

0.17 (0.25%)

, FINL

Finish Line

$9.22

-0.21 (-2.23%)

20:25
09/21/17
09/21
20:25
09/21/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

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KMX

CarMax

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0.17 (0.25%)

FINL

Finish Line

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-0.21 (-2.23%)

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HPE

HP Enterprise

$13.79

0.16 (1.17%)

18:47
09/21/17
09/21
18:47
09/21/17
18:47
Periodicals
HP Enterprise planning approximately 5,000 job cuts, Bloomberg reports »

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RP

RealPage

$39.35

-0.1 (-0.25%)

18:41
09/21/17
09/21
18:41
09/21/17
18:41
Hot Stocks
RealPage expects $3M-$4M of renter's insurance claims from hurricanes »

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HPE

HP Enterprise

$13.79

0.16 (1.17%)

18:39
09/21/17
09/21
18:39
09/21/17
18:39
Periodicals
Breaking Periodicals news story on HP Enterprise »

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YUM

Yum! Brands

$76.48

0.11 (0.14%)

18:37
09/21/17
09/21
18:37
09/21/17
18:37
Conference/Events
Yum! Brands management to meet with JPMorgan »

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  • 27

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MAR

Marriott

$107.57

-0.12 (-0.11%)

18:32
09/21/17
09/21
18:32
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18:32
Conference/Events
Marriott management to meet with JPMorgan »

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  • 27

    Sep

ESPGY

Esprit Holdings

$1.21

0.018 (1.51%)

18:29
09/21/17
09/21
18:29
09/21/17
18:29
Conference/Events
Esprit Holdings management to meet with JPMorgan »

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  • 27

    Sep

BA

Boeing

$256.04

0.58 (0.23%)

18:18
09/21/17
09/21
18:18
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18:18
Hot Stocks
Boeing: Turkish Airlines announces intent to order 40 787-9 Dreamliners »

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  • 23

    Sep

M

Macy's

$21.16

-0.32 (-1.49%)

18:18
09/21/17
09/21
18:18
09/21/17
18:18
Conference/Events
Macy's management to meet with JPMorgan »

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  • 26

    Sep

  • 27

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TAHO

Tahoe Resources

$5.60

0.02 (0.36%)

18:12
09/21/17
09/21
18:12
09/21/17
18:12
Hot Stocks
Tahoe Resources raises 2017 gold operations view to 400K-500K »

Tahoe Resources updated…

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ATKR

Atkore

$18.42

0.02 (0.11%)

18:11
09/21/17
09/21
18:11
09/21/17
18:11
Conference/Events
Atkore management to meet with JPMorgan »

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  • 26

    Sep

YOGA

YogaWorks

$4.00

-0.04 (-0.99%)

, TXN

Texas Instruments

$86.05

0.22 (0.26%)

18:11
09/21/17
09/21
18:11
09/21/17
18:11
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

YOGA

YogaWorks

$4.00

-0.04 (-0.99%)

TXN

Texas Instruments

$86.05

0.22 (0.26%)

PSDO

Presidio

$13.95

-0.06 (-0.43%)

VSAR

Versartis

$21.60

-0.25 (-1.14%)

ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

03/08/13
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  • 21

    Sep

  • 21

    Sep

FTR

Frontier Communications

$11.69

-0.31 (-2.58%)

18:10
09/21/17
09/21
18:10
09/21/17
18:10
Hot Stocks
Frontier Communications operations in Florida return to near-normal levels »

Daily operations for…

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PLYA

Playa Hotels & Resorts

$10.66

-0.06 (-0.56%)

18:07
09/21/17
09/21
18:07
09/21/17
18:07
Hot Stocks
Playa Hotels & Resorts reports no significant damage from Maria »

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  • 08

    Nov

ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

, VSAR

Versartis

$21.60

-0.25 (-1.14%)

18:07
09/21/17
09/21
18:07
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18:07
Hot Stocks
Ascendis spikes higher after Versartis Velocity trial fails to meet endpoint »

Shares of Ascendis Pharma…

ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

VSAR

Versartis

$21.60

-0.25 (-1.14%)

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CE

Celanese

$103.90

-0.04 (-0.04%)

18:04
09/21/17
09/21
18:04
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18:04
Hot Stocks
Celanese increases price of acetyl intermediates »

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DNOW

NOW Inc.

$12.98

0.1 (0.78%)

18:03
09/21/17
09/21
18:03
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18:03
Conference/Events
NOW Inc. management to meet with JPMorgan »

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  • 25

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  • 01

    Nov

JOBS

51job

$58.50

0.01 (0.02%)

18:02
09/21/17
09/21
18:02
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18:02
Hot Stocks
51job announces strategic investment in Lagou »

51job announced that the…

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HES

Hess Corp.

$43.63

0.17 (0.39%)

17:53
09/21/17
09/21
17:53
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17:53
Conference/Events
Hess Corp. management to meet with JPMorgan »

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  • 25

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APC

Anadarko

$48.49

3.68 (8.21%)

17:43
09/21/17
09/21
17:43
09/21/17
17:43
Recommendations
Anadarko analyst commentary at MUFG »

Anadarko buyback a…

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  • 27

    Sep

HCC

Warrior Met Coal

$23.28

-1.05 (-4.32%)

17:42
09/21/17
09/21
17:42
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17:42
Hot Stocks
Warrior Met Coal receives favorable IRS private letter ruling »

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MAA

MAA

$107.27

-0.03 (-0.03%)

17:35
09/21/17
09/21
17:35
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17:35
Hot Stocks
MAA announces estimated impact of Hurricanes Irma and Harvey »

MAA announced that the…

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NOC

Northrop Grumman

$280.42

0.38 (0.14%)

17:31
09/21/17
09/21
17:31
09/21/17
17:31
Hot Stocks
Northrop Grumman awarded $124.7M government contract »

Northrop Grumman Systems…

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GD

General Dynamics

$205.72

1.45 (0.71%)

17:29
09/21/17
09/21
17:29
09/21/17
17:29
Hot Stocks
General Dynamics Electric Boat awarded $5B government contract »

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AAN

Aaron's

$38.83

-0.39 (-0.99%)

17:19
09/21/17
09/21
17:19
09/21/17
17:19
Hot Stocks
Aaron's provides update on impact of Hurricane Irma »

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