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SAFM

Sanderson Farms

$162.06

1.5 (0.93%)

, CAB

Cabela's

$61.45

0.07 (0.11%)

18:28
09/20/17
09/20
18:28
09/20/17
18:28

S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices

S&P SmallCap 600 constituent Sanderson Farms (SAFM) will replace Cabela's (CAB) in the S&P MidCap 400, and Third Point Reinsurance (TPRE) will replace Sanderson Farms in the S&P SmallCap 600 effective prior to the open on Tuesday, September 26. Bass Pro Shops is acquiring Cabela's in a deal expected to be completed on or about that date pending final conditions.

SAFM

Sanderson Farms

$162.06

1.5 (0.93%)

CAB

Cabela's

$61.45

0.07 (0.11%)

TPRE

Third Point Reinsurance

$14.40

-0.1 (-0.69%)

SAFM Sanderson Farms
$162.06

1.5 (0.93%)

06/12/17
KEYB
06/12/17
DOWNGRADE
KEYB
Sector Weight
Sanderson Farms downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Brett Andress downgraded Sanderson Farms to Sector Weight citing valuation with the shares up 28% since his March 26 upgrade. The analyst sees a more balanced risk/reward at current share levels and recommends taking profits in the name.
06/12/17
06/12/17
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. Apple (AAPL) downgraded to Neutral from Buy at Mizuho with analyst Abhey Lamba saying "Enthusiasm" around the upcoming iPhone launch is fully priced in after the stock's year-to-date outperformance. 2. Adobe (ADBE) downgraded to Sell from Hold at Pivotal Research with analyst Brian Wieser citing valuation. 3. Pandora (P) downgraded to Perform from Outperform at Oppenheimer with analyst Jason Helfstein citing a "failure" of his takeout thesis. The capital investment from SiriusXM (SIRI) and Ticketfly will allow Pandora to refocus on its core advertising business, which is the correct strategy, Helfstein tells investors in a research note. He sees share upside to "only" $9.50-$11.00 and removed his $14 price target on the stock. 4. Vantiv (VNTV) downgraded to Sector Weight from Overweight at Pacific Crest with analyst Josh Beck saying "continued retail challenges" could limit fundamental upside. 5. Sanderson Farms (SAFM) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brett Andress citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/17/17
SPHN
08/17/17
DOWNGRADE
Target $145
SPHN
Equal Weight
Sanderson Farms downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Farha Asiam downgraded Sanderson Farms to Equal Weight citing valuation as shares are near his $145 price target.
08/17/17
08/17/17
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. Illinois Tool Works (ITW) downgraded to Underweight from Neutral at JPMorgan with analyst Ann Duignan citing valuation and expectations for continued multiple compression on weaker than peer organic growth. The analyst lowered her price target for the shares to $132 from $141. 2. Boston Properties (BXP) downgraded to Outperform from Top Pick at RBC Capital with analyst Michael Carroll saying he thinks that upcoming move-outs by the REIT's tenants, along with slower than expected macro economic growth, will negatively impact its growth. 3. Sanderson Farms (SAFM) downgraded to Equal Weight from Overweight at Stephens with analyst Farha Asiam citing valuation. 4. Nucor (NUE) downgraded to Sector Weight from Overweight at KeyBanc with analyst Philip Gibbs citing spread and volume pressures. 5. Netshoes (NETS) downgraded to Hold from Buy at Jefferies with analyst Brian Fitzgerald citing continuing softness in the consumption environment in Brazil as well as limited visibility into near-term operating results. The analyst lowered his price target for the shares to $18.50 from $22. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CAB Cabela's
$61.45

0.07 (0.11%)

03/30/17
SPHN
03/30/17
NO CHANGE
Target $64
SPHN
Overweight
TSYS could see 'a small benefit' from Cabela's sale, says Stephens
Stephens analyst Brett Huff thinks TSYS (TSS) could see "a small benefit" from the sale of Cabela's (CAB). After being delayed by regulatory approvals, The Wall Street Journal is reporting that Bass Pro would buy the retail ops, Synovus (SNV) would buy bank/co-branded credit card portfolio, and in turn selling the portfolio to Capital One (COF), he notes. The analyst points out that TSYS is Capital One's card issuing processor, and says he thinks the about 2M active cards would move to TSYS' platform. Huff reiterates an Overweight rating and $64 price target on TSYS's shares.
07/05/17
NRCS
07/05/17
DOWNGRADE
NRCS
Neutral
Cabela's downgraded to Neutral from Buy at Northcoast
08/03/17
08/03/17
NO CHANGE

Cabela's NY Post commentary unfounded, deal closure likely, says Elevation
Elevation Securities said NY Post commentary that the Federal Reserve might wait to vote on the the deal until a new Fed Vice Chair is approved is unfounded. The firm said the Fed has been voting on bank applications all year, including transactions much larger than the sale of the credit card business from Synovus Financial Corp, as part of the deal with Bass Pro shops tie up. Elevation also completed recent checks investigating activity and sales and has increased confidence the deal will close.
08/15/17
08/15/17
NO CHANGE

Cabela's deal progressing, says Elevation Securities
Elevation Securities recently conducted a new round of channel checks with Cabela's store Club Card departments since its last update two weeks ago. The most current round of calls revealed letters headlined Cabela Bass Pro Merger Update have recently went out to stores and are posted at Club booths in multiple states, and were mailed in the most current billing cycle for Cab cardholders The firm views this a sign that the companies expect to close the deal in the very near term.
TPRE Third Point Reinsurance
$14.40

-0.1 (-0.69%)

05/08/17
KBWI
05/08/17
UPGRADE
Target $15
KBWI
Outperform
Third Point Reinsurance upgraded to Outperform at Keefe Bruyette
Keefe Bruyette analyst Meyer Shields upgraded Third Point Reinsurance to Outperform from Market Perform and raised his price target for the shares to $15 from $14 following the company's Q1 results.

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$2.60

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VLKAY

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0.09 (0.22%)

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IAC

IAC

$153.99

3.2 (2.12%)

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SPG

Simon Property

$156.66

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Fabrinet

$28.64

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CASI

Casi Pharmaceuticals

$3.85

0.1 (2.67%)

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DXCM

Dexcom

$56.36

-0.04 (-0.07%)

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TNDM

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Dexcom

$56.36

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TNDM

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IDXX

Idexx Laboratories

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BEDU

Bright Scholar

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AGN

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SWX

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MS

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, AAOI

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HSBC

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