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NOC

Northrop Grumman

$267.03

1.34 (0.50%)

, OA

Orbital ATK

$110.04

1.65 (1.52%)

19:00
09/17/17
09/17
19:00
09/17/17
19:00

Northrop Grumman nears purchase of Orbital ATK, WSJ reports

Northrop Grumman (NOC) is nearing a purchase of Orbital ATK (OA), a deal that could be worth more than $7.5B, according to The Wall Street Journal, citing people familiar with the matter. A deal could be announced as soon as Monday, sources said.Reference Link

NOC

Northrop Grumman

$267.03

1.34 (0.50%)

OA

Orbital ATK

$110.04

1.65 (1.52%)

NOC Northrop Grumman
$267.03

1.34 (0.50%)

09/06/17
STFL
09/06/17
NO CHANGE
STFL
Stifel says United Tech deal strategic, not a sign of M&A 'floodgates opening'
Stifel analyst Joseph DeNardi said one of the only risks he sees to defense stocks' multiples would be a shift in cash deployment strategy from a focus on dividends and buybacks to M&A. However, he views United Technologies' (UTX) planned acquisition of Rockwell Collins (COL) as strategic and largely focused on its desire to regain leverage against Boeing (BA) and Airbus (EADSY) and not indicative of the M&A "floodgates opening" in the defense sector. Other publicly traded companies in the defense space include BAE Systems (BAESY), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC) and Raytheon (RTN).
08/08/17
08/08/17
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. Amazon.com (AMZN), Alphabet (GOOG, GOOGL), and Facebook (FB) were reinstated with a Buy at Mizuho, while eBay (EBAY) and Twitter (TWTR) were reinstated with an Underperform. 2. Broadridge (BR) initiated with a Neutral at DA Davidson. 3. Brighthouse Financial (BHF) initiated with an Overweight at Barclays. 4. Akcea Therapeutics (AKCA) WAS initiated with an Outperform at BMO Capital and Cowen, an Outperform at Wells Fargo, as well as a Buy at Stifel. 5. Lockheed Martin (LMT) and Raytheon (RTN) were initiated with an Overweight at Morgan Stanley, while Northrop Grumman (NOC) was initiated with an Equal Weight, and General Dynamics (GD) was initiated with an Underweight at the firm. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/17
MSCO
08/08/17
INITIATION
Target $279
MSCO
Equal Weight
Northrop Grumman initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani initiated Northrop Grumman with an Equal Weight and a $279 price target saying its leading revenue profile is offset by light free cash flow yields and margin growth.
05/10/17
VERT
05/10/17
UPGRADE
VERT
Buy
Northrop Grumman upgraded to Buy from Hold at Vertical Research
Vertical Research analyst Robert Stallard upgraded Northrop Grumman to Buy from Hold with a $270 price target telling investors defense sector fundamentals remain positive and share underperformance versus peers provides a buying opportunity.
OA Orbital ATK
$110.04

1.65 (1.52%)

08/14/17
08/14/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. International Paper (IP) upgraded to Buy from Neutral at DA Davidson with analyst Steven Chercover citing the 18% upside to his price target of $62 as well as the 3.5% dividend yield. 2. Masimo (MASI) upgraded to Buy from Neutral with analyst Sean Lavin saying he is more bullish on the Philips (PHG) agreement leading to increased revenue and margins, and the recent share pullback has provided a buying opportunity. Further, the analyst thinks Johnson & Johnson (JNJ) could be an acquirer of Masimo as it sells its products into the OR and ICU markets and would "massively" expand operating margins, and notes Philips may see the value of Masimo's products and make a bid. 3. NetApp (NTAP) upgraded to Buy from Hold at Maxim with analyst Nehal Chokshi saying channel checks indicate the company's hybrid cloud capabilities have gained traction. 4. Orbital ATK (OA) upgraded to Buy from Hold at Argus with analyst David Coleman citing valuation and his belief that its cash flow can increase. 5. Werner (WERN) upgraded to Overweight from Equal Weight at Stephens with analyst Brad Delco saying it is an attractive way to play an inflection in TL fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/14/17
ARGS
08/14/17
UPGRADE
ARGS
Buy
Orbital ATK upgraded on valuation cash flow outlook at Argus
As noted earlier, Argus upgraded Orbital ATK to Buy from Hold. Analyst David Coleman upgraded the stock based on valuation and his belief that its cash flow can increase. He notes that the company expects its results to accelerate in 2H17 and expects to hit milestones in 2H17 that will boost its cash flow. Coleman believes that the company will benefit from increased U.S. defense spending in 2017-2018. Target $120.
08/14/17
ARGS
08/14/17
UPGRADE
ARGS
Buy
Orbital ATK upgraded to Buy from Hold at Argus
06/05/17
GSCO
06/05/17
INITIATION
Target $106
GSCO
Neutral
Orbital ATK reinstated with a Neutral at Goldman Sachs
Goldman analyst Noah Poponak reinstated Oribtial ATK with a Neutral and a $106 price target saying medium-term fundamental inputs are balanced and valuation is not overly compelling.

TODAY'S FREE FLY STORIES

ISRG

Intuitive Surgical

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3.29 (0.63%)

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UBER

Uber

$0.00

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Toyota

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FIX

Comfort Systems USA

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NSANY

Nissan

$0.00

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, RNSDF

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$0.00

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Periodicals
Nissan to cut global output by 15% in FY19/20, Nikkei reports »

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RNSDF

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FE

FirstEnergy

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0.28 (0.70%)

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TSLA

Tesla

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2.13 (0.79%)

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EXPO

Exponent

$56.39

0.23 (0.41%)

, AKRX

Akorn

$2.77

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AKRX

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ZSAN

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FAST

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APHA

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ISRG

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$528.04

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PBCT

People's United

$17.12

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I

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$19.48

0.235 (1.22%)

LLY

Eli Lilly

$115.20

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PFE

Pfizer

$39.37

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FIVE

Five Below

$141.65

1.82 (1.30%)

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LBRT

Liberty Oilfield Services

$16.60

-0.59 (-3.43%)

18:39
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Liberty Oilfield Services CFO sells 90,000 Class A common shares »

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  • 23

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VNO

Vornado

$67.02

0.77 (1.16%)

18:37
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CHKP

Check Point

$120.01

-9.56 (-7.38%)

18:26
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  • 18

    Apr

CAG

Conagra Brands

$30.53

0.405 (1.34%)

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Conagra Brands director Gregor buys 10K shares of common stock »

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  • 18

    May

UNP

Union Pacific

$176.70

7.5 (4.43%)

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Periodicals
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  • 18

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SO

Southern Company

$51.95

-0.22 (-0.42%)

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TSLA

Tesla

$273.25

2.13 (0.79%)

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  • 22

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GLD

SPDR Gold Shares

$120.40

0.09 (0.07%)

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OSW

OneSpaWorld

$13.77

(0.00%)

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

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OSW

OneSpaWorld

$13.77

(0.00%)

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SHLD

Sears

$0.00

(0.00%)

17:32
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LB

L Brands

$25.68

0.02 (0.08%)

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  • 16

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TSLA

Tesla

$273.25

2.13 (0.79%)

17:17
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  • 22

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AMBR

Amber Road

$8.55

-0.31 (-3.50%)

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  • 07

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CYCN

Cyclerion Therapeutics

$15.57

-0.68 (-4.18%)

17:15
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ACDVF

Air Canada

$0.00

(0.00%)

, BA

Boeing

$380.02

2.48 (0.66%)

17:10
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17:10
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ACDVF

Air Canada

$0.00

(0.00%)

BA

Boeing

$380.02

2.48 (0.66%)

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