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TOSBF

Toshiba, also use TOSYY

$2.87

-0.02 (-0.69%)

, TOSYY

Toshiba, also use TOSBF

$17.08

-0.29 (-1.67%)

06:24
09/21/17
09/21
06:24
09/21/17
06:24

Toshiba wrestles with 'key issues' in talks over chip unit sale, Reuters says

Toshiba is locked in last minute talks over "key issues" with potential buyers of its $18B memory chip business led by U.S. private equity firm Bain, possibly delaying a formal agreement on the sale, Reuters reports. Reference Link

TOSBF

Toshiba, also use TOSYY

$2.87

-0.02 (-0.69%)

TOSYY

Toshiba, also use TOSBF

$17.08

-0.29 (-1.67%)

WDC

Western Digital

$86.37

-3.55 (-3.95%)

TOSBF Toshiba, also use TOSYY
$2.87

-0.02 (-0.69%)

09/20/17
COWN
09/20/17
NO CHANGE
COWN
Western Digital risk/reward still attractive, says Cowen
After it was reported that Toshiba (TOSBF) could sell its NAND business to a Bain-led consortium, Cowen analyst Karl Ackerman says that in a "base case, status quo" scenario, in which Western Digital (WDC) retains "ownership in Flash Ventures and access to NAND IP and manufacturing," the stock's value is $117 per share. Meanwhile, "in an uber bear case," which includes Toshiba successfully selling its memory business to a third party, Western Digital's stock would be worth $60 per share, the analyst stated. Finally, if Western Digital acquire more than 20% of the memory business, adding up to $1.50 to its annual EPS, the stock could "approach" roughly $135, according to the analyst. Given these scenarios and Ackerman's belief that Western Digital's current stock price implies that its NAND business is worth $45 per share of 50% of what it paid for the business, he thinks that the stock's risk/reward ratio is attractive. He keeps a $117 price target and an Outperform rating on the shares.
09/19/17
BFIN
09/19/17
NO CHANGE
BFIN
Hard disk drive demand environment degrading, says BlueFin
BlueFin analyst John Donovan said the demand environment for Western Digital (WDC), Seagate (STX) and Toshiba (TOSBF) for hard disk drives has been degrading, with September to date not being as robust as anticipated. He sees true demand tracking under 100M units in the quarter, but still sees drive suppliers on a path to over 102M units, he added. Pricing is "even more aggressive" than he previously feared, Donovan added.
09/13/17
SBSH
09/13/17
NO CHANGE
Target $110
SBSH
Buy
Citi still sees Western Digital participating in Toshiba joint venture
Citi analyst Stanley Kovler says he continues to believe Western Digital (WDC) will be able to participate in the joint venture with Toshiba (TOSYY, TOSBF) and source NAND much like it has in the past, even after Toshiba signed a memorandum of understanding with the Bain Capital consortium for the sale of its memory business. If Western Digital takes a more commercial approach to resolution versus a legal route, the analyst sees a path to work with Bain and co-invest in Fab6. Kovler keeps a Buy rating on Western Digital with a $110 price target.
09/12/17
RBCM
09/12/17
NO CHANGE
RBCM
Western Digital likely to hold minority stake in Toshiba, says RBC Capital
After Japanese newspaper Nikkan reported that a consortium which includes Western Digital (WDC) would buy Toshiba's (TOSBF) memory assets, RBC Capital analyst Amit Daryanani says that Western Digital will likely hold a minority stake in the assets, given anti-trust concerns. The analyst estimates that a 12%-13% stake would boost Western Digital's EPS by 25c-30c in 2018. Daryanani believes that the deal will be positive for the company as it will enable it to secure NAND bit capacity, prevent Foxconn/SK Hynix from getting the asset, and could boost its profits. He keeps a $115 price target and an Outperform rating on the stock.
TOSYY Toshiba, also use TOSBF
$17.08

-0.29 (-1.67%)

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.
08/14/17
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.
WDC Western Digital
$86.37

-3.55 (-3.95%)

09/13/17
LBOW
09/13/17
NO CHANGE
Target $120
LBOW
Buy
iPhone 64GB starting point a 'pleasant surprise' for NAND makers, says Longbow
Longbow analyst Joe Wittine said many had expected a 32GB starting point for the memory in the new iPhones, consistent with the 7/7+, calling the new 64GB starting point for the iPhone 8/8+ a "pleasant surprise" for companies in the NAND supply chain. Rising NAND consumption could help smooth the eventual downside of the cycle for Western Digital, helping it maintain greater than 40% gross margins for longer, added the analyst. Wittine keeps a Buy rating and $120 price target on Western Digital shares.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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CPB

Campbell Soup

$44.73

-1.35 (-2.93%)

12:15
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Campbell Soup put volume heavy and directionally bearish »

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General news
FX Action: USD-JPY »

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IBKC

Iberiabank

$83.10

-1.2 (-1.42%)

12:09
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Federal Reserve approves Iberiabank purchase of Gibraltar Private Bank »

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ZN

Zion Oil & Gas

$4.47

0.43 (10.64%)

12:09
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Periodicals
Zion Oil & Gas shares deserve 'to crater,' TheStreetSweeper says 

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LGF.B

Lionsgate

$27.16

-0.12 (-0.44%)

, LGF.A

Lionsgate

$28.48

-0.13 (-0.45%)

12:07
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Lionsgate slides as analyst cuts rating on competitive, cost concerns »

Bernstein analyst Todd…

LGF.B

Lionsgate

$27.16

-0.12 (-0.44%)

LGF.A

Lionsgate

$28.48

-0.13 (-0.45%)

DIS

Disney

$106.29

0.31 (0.29%)

FOX

21st Century Fox

$36.61

-0.43 (-1.16%)

FOXA

21st Century Fox

$37.13

-0.33 (-0.88%)

CMCSA

Comcast

$39.47

-0.32 (-0.80%)

CMCSK

Comcast

T

AT&T

$36.82

0.047 (0.13%)

TWX

Time Warner

$95.48

0.405 (0.43%)

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ATVI

Activision Blizzard

$70.84

0.65 (0.93%)

12:05
02/21/18
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Periodicals
Activision's Sledgehammer founders leave studio, Kotaku reports »

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UNP

Union Pacific

$133.54

3.31 (2.54%)

12:05
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Hot Stocks
Union Pacific backs Q1 and FY18 volume goal of slightly positive »

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TXN

Texas Instruments

$105.29

0.82 (0.78%)

12:01
02/21/18
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12:01
Conference/Events
Texas Instruments management to meet with SunTrust »

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BHGE

Baker Hughes

$27.48

1.04 (3.93%)

12:00
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02/21
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12:00
Options
Baker Hughes calls active as shares rally »

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12:00
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General news
FOMC minutes preview: »

FOMC minutes preview: the…

CPB

Campbell Soup

$45.10

-0.985 (-2.14%)

, LNCE

Snyder's-Lance

$50.00

0.05 (0.10%)

11:55
02/21/18
02/21
11:55
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11:55
Hot Stocks
Campbell expects $170M in cost synergies from Snyder's-Lance deal by FY22 »

CFO Anthony DiSilvestro…

CPB

Campbell Soup

$45.10

-0.985 (-2.14%)

LNCE

Snyder's-Lance

$50.00

0.05 (0.10%)

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HBAN

Huntington Bancshares

$15.90

0.07 (0.44%)

11:50
02/21/18
02/21
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11:50
Options
Call buyers in Huntington Bancshares »

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11:50
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General news
Treasury $15 B 2-year FRN reopening was weak »

Treasury $15 B 2-year FRN…

C

Citi

$77.50

1.0399 (1.36%)

11:47
02/21/18
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Periodicals
Citi creates new position to supervise EMEA commodities banking, FT says »

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XLI

Industrial Select Sector SPDR

$77.42

0.905 (1.18%)

, XLF

Financial Select Sector

$29.21

0.32 (1.11%)

11:43
02/21/18
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11:43
Technical Analysis
Technical Take: S&P 500 hits session highs at midday »

At time of writing the…

XLI

Industrial Select Sector SPDR

$77.42

0.905 (1.18%)

XLF

Financial Select Sector

$29.21

0.32 (1.11%)

XLB

S&P Select Materials SPDR

$60.73

0.52 (0.86%)

XLK

Technology Select Sector SPDR

$67.79

0.55 (0.82%)

XLRE

Real Estate SPDR

$30.23

-0.145 (-0.48%)

XLP

Consumer Staples Sector SPDR

$54.16

-0.18 (-0.33%)

SPY

SPDR S&P 500 ETF Trust

$273.35

1.945 (0.72%)

SPX

S&P 500

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PFE

Pfizer

$36.31

0.3 (0.83%)

, BIIB

Biogen

$287.45

-4.42 (-1.51%)

11:43
02/21/18
02/21
11:43
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11:43
Periodicals
Breaking Periodicals news story on Pfizer, Biogen, Roche »

Pfizer loses IPR…

PFE

Pfizer

$36.31

0.3 (0.83%)

BIIB

Biogen

$287.45

-4.42 (-1.51%)

RHHBY

Roche

$29.77

-0.53 (-1.75%)

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SLCA

U.S. Silica

$26.56

-4.195 (-13.64%)

11:40
02/21/18
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11:40
Options
Buy the dip call activity in Silica Holdings as shares tumble on earnings »

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CPB

Campbell Soup

$45.44

-0.64 (-1.39%)

, LNCE

Snyder's-Lance

$50.00

0.05 (0.10%)

11:36
02/21/18
02/21
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11:36
Hot Stocks
Campbell expects Snyder's-Lance deal to deliver 'significant' cost synergies »

Says Snyder's-Lance…

CPB

Campbell Soup

$45.44

-0.64 (-1.39%)

LNCE

Snyder's-Lance

$50.00

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11:36
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General news
2-Yr FRN Note Auction Bid/Cover data reported »

2-Yr FRN Note Auction…

11:36
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02/21
11:36
02/21/18
11:36
General news
2-Yr FRN Note Auction Total Amount data reported »

2-Yr FRN Note Auction…

PCRX

Pacira

$31.25

1.1 (3.65%)

11:36
02/21/18
02/21
11:36
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11:36
Recommendations
Pacira analyst commentary  »

Pacira Q4 sales momentum…

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AIDIF

Air Canada

11:35
02/21/18
02/21
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11:35
Conference/Events
Air Canada management to meet with RBC Capital »

Group Luncheon Meeting to…

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11:30
02/21/18
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Options
25K Alerian MLP Mar 9th 10.5 puts trade for 20c on ISE »

25K Alerian MLP Mar 9th…

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