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SNCR

Synchronoss

$11.51

-0.16 (-1.37%)

, IL

Bought by SNCR

13:56
10/20/17
10/20
13:56
10/20/17
13:56

Siris lines up $650M for Intralinks buyout from Synchronoss, Reuters says

Private Equity firm Siris Capital has lined up $650M in loans to finance its ~$1B buyout of Intralinks (IL) from Synchronoss (SNCR), two sources familiar with the matter told Reuters.

SNCR

Synchronoss

$11.51

-0.16 (-1.37%)

IL

Bought by SNCR

SNCR Synchronoss
$11.51

-0.16 (-1.37%)

09/19/17
RAJA
09/19/17
DOWNGRADE
RAJA
Underperform
Synchronoss downgraded to Underperform from Outperform at Raymond James
Raymond James analyst Tavis McCourt downgraded Synchronoss (SNCR) two notches to Underperform from Outperform following news Siris Capital is no longer interested in an all-cash transaction for all the outstanding shares of the company and has withdrawn its $18 per share bid from June 22. Further, the analyst believes it increasingly unlikely that the current strategic review will result in an acquisition at a premium and expects share to come under pressure and stay in the range prior to the Siris indication of interest.
09/19/17
09/19/17
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. Under Armour (UA, UAA) downgraded to Underperform from Market Perform at Wells Fargo with Wells Fargo with analyst Tom Nikic saying with consumers having filled their closets with athletic wear over the past seven years, the category "appears poised to take a breather for now." The analyst cut his price target for the shares to $13 from $17. 2. Kellogg (K) downgraded to Neutral from Overweight at Piper Jaffray with analyst Michael Lavery saying cereal could be at risk from shrinking center store space. 3. Nike (NKE) downgraded to Neutral from Positive at Susquehanna saying that his checks indicate that the North American and European businesses are decelerating as some key categories, especially basketball, have underperformed, resulting in excess inventory that will pressure sales and margins. 4. Synchronoss (SNCR) downgraded to Underperform from Outperform at Raymond James with analyst Tavis McCourt citing the news that Siris Capital is no longer interested in an all-cash transaction for all the outstanding shares of the company and has withdrawn its $18 per share bid from June 22. Further, the analyst believes it increasingly unlikely that the current strategic review will result in an acquisition at a premium and expects share to come under pressure and stay in the range prior to the Siris indication of interest. 5. Sony (SNE) downgraded to Neutral from Outperform at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/17
DBAB
09/20/17
NO CHANGE
Target $10
DBAB
Hold
Synchronoss price target lowered to $10 from $18 at Deutsche Bank
Deutsche Bank analyst Nandan Amladi cut his price target for Synchronoss Technologies to $10 citing increased uncertainty after Siris Capital decided not to pursue an all-cash acquisition of the company. Yesterday's 40% selloff retraces the pre-offer levels in June, Amladi tells investors in a research note. He continues to believe an eventual transaction "provides a clean exit" for Synchronoss shareholders, given the "mounting complications" facing the company. The analyst keeps a Hold rating on the shares.
10/17/17
JPMS
10/17/17
NO CHANGE
JPMS
Neutral
JPMorgan views Synchronoss sale of Intralinks as positive
JPMorgan analyst Sterling Auty calls Synchronoss' sale of Intralinks to Siris Capital a positive transaction saying it gives the company adequate capital and the opportunity to "hit the reset button" focusing on Cloud, Messaging, and Digital Transformation. Auty keeps a Neutral rating on Synchronoss.
IL Bought by SNCR

12/07/16
WELS
12/07/16
NO CHANGE
WELS
Synchronoss deal has positive aspects, says Wells Fargo
After Synchronoss Technologies,(SNCR) agreed to buy secure content collaboration provider IntraLinks Holdings (IL), Wells Fargo says that the "transformative deal" will boost Synchronoss' revenue growth to the high teens level versus 12% now while reducing its high level of reliance on AT&T (T) for revenue. The firm thinks that the company's "growth and margin profile is more attractive after the deal than before it." It keeps an Outperform rating on the stock.
12/07/16
CHLM
12/07/16
DOWNGRADE
CHLM
Hold
Intralinks downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum downgraded Intralinks (IL) to Hold as it is being acquired by Synchronoss (SNCR) for $13 per share.
12/09/16
LTCO
12/09/16
DOWNGRADE
LTCO
Neutral
Intralinks downgraded to Neutral from Buy at Ladenburg
Ladenburg Thalmann analyst Glenn Mattson downgraded Intralinks (IL) to Neutral citing the proposed acquisition of Synchronoss (SNCR).
01/11/17
RILY
01/11/17
DOWNGRADE
Target $13
RILY
Neutral
Intralinks downgraded to Neutral from Buy at B. Riley
B. Riley analyst Sarkis Sherbetchyan downgraded Intralinks to Neutral citing less potential of a superior takeover offer. The analyst lowered his price target for the shares to $13 from $15.

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CLMT

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ITUS

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ENBL

Enable Midstream

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STLY

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