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HAS

Hasbro

$91.45

2.76 (3.11%)

, MAT

Mattel

$14.62

0.69 (4.95%)

17:15
11/10/17
11/10
17:15
11/10/17
17:15

Hasbro makes acquisition approach to Mattel, WSJ says

Hasbro (HAS) has made a takeover bid for Mattel (MAT), the Wall Street Journal reports, citing people familiar with the matter. Hasbro's approach to the rival toy maker was made recently, though terms of a potential transaction could not be learned, the report says. Mattel's market value stands at approximately $5B, the report notes. In after hours trading, shares of Mattel surged 23% after the news, with Hasbro shares up nearly 2%. Reference Link

HAS

Hasbro

$91.45

2.76 (3.11%)

MAT

Mattel

$14.62

0.69 (4.95%)

HAS Hasbro
$91.45

2.76 (3.11%)

10/24/17
10/24/17
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. Hasbro (HAS) upgraded to Overweight from Equal Weight at Barclays with analyst Felicia Hendrix saying she believes the 8.6% selloff in shares yesterday on news of the Toys R Us bankruptcy is overdone. 2. Party City (PRTY) upgraded to Outperform from Market Perform at BMO Capital with analyst Wayne Hood saying the 34% pullback in shares over the past 12 months creates a favorable risk/reward entry point. 3. Alon USA Partners (ALDW) upgraded to Outperform from Neutral at Macquarie. 4. EnLink Midstream (ENLC) upgraded to Buy from Neutral at UBS with analyst Shneur Gershuni saying the company's 16% interest in Oklahoma Tall Oak is underappreciated following the recent selloff in the shares. 5. Delek US (DK) upgraded to Outperform from Neutral at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/24/17
BMOC
10/24/17
NO CHANGE
Target $83
BMOC
Market Perform
Hasbro price target lowered to $83 from $90 at BMO Capital
BMO Capital analyst Gerrick Johnson lowered his price target on Hasbro to $83 following Q3 results and lower Q4 guidance. While the Toys R Us bankruptcy was an issue, Johnson writes in his research note, the company is also constrained by the overall underperformance of movie-related toys as suggested by other retailers. Johnson keeps his Market Perform rating on Hasbro, lowering his FY18 EPS forecast to $5.00 from $5.09.
10/24/17
10/24/17
UPGRADE
Target $110

Overweight
Hasbro upgraded to Overweight, selloff overdone, says Barclays
As previously reported, Barclays upgraded Hasbro (HAS) to Overweight from Equal Weight with a $110 price target. Analyst Felicia Hendrix believes the 8.6% selloff in shares yesterday on news of the Toys R Us bankruptcy is overdone. Hendrix expects most of the lost Toys R Us sales to be absorbed by other retailers and said the company has a number of catalysts over the remainder of the year including Star Wars and Magic, the Marvel slate and Star Wars in 2018, and Frozen 2 and Star Wars in 2019.
10/24/17
DADA
10/24/17
NO CHANGE
Target $124
DADA
Buy
Toys R Us bankruptcy does not change Hasbro outlook, says DA Davidson
DA Davidson analyst Linda Weiser raised her price target on Hasbro to $124 from $121 and maintained her Buy rating following Q3 results. Weiser says that the Toys "R" Us bankruptcy is a one-time phenomenon and does not change her thesis that Hasbro is a content and brand driven company with strong execution. She notes that Hasbro is also advantaged by strong point-of-sale trends, which enables it to manage through retailer store closures with less disruption than weaker toy companies. 2019 is poised for higher growth, she adds, with theatrical releases expected to include Star Wars Episode 9, the next major Transformers movie, at least four Marvel films, and the second major Frozen movie from Disney (DIS).
MAT Mattel
$14.62

0.69 (4.95%)

11/03/17
11/03/17
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. Twitter (TWTR) upgraded to Buy from Hold at Argus with analyst Jim Kelleher citing an increase in user engagement, strong growth in adjusted EBITDA, and anticipated return to annual revenue growth next year. 2. Mattel (MAT) upgraded to Neutral from Underperform at DA Davidson with analyst Linda Bolton Weiser saying while the company suspended its dividend and saw a 51% decline in operating profit, she is positive on the company's 2-year $650M cost reduction program and plans to reduce its product range. 3. Wingstop (WING) upgraded to Buy from Hold at Stifel with analyst Chris O'Cull saying he thinks the consensus 2018 same-restaurant sales projection of 3% growth will prove conservative. 4. CACI (CACI) upgraded to Buy from Hold at Noble Financial with the firm's analyst saying the market overreacted to bookings and pipeline news, and views the pullback as a buying opportunity. 5. Regeneron (REGN) upgraded to Neutral from Underperform at Baird with analyst Brian Skorney citing better than expected Dupixent sales. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/03/17
DADA
11/03/17
UPGRADE
Target $12
DADA
Neutral
Mattel upgraded to Neutral from Underperform at DA Davidson
DA Davidson analyst Linda Bolton Weiser upgraded Mattel to Neutral from Underperform and kept her $12 price target following Q3 results. While the company suspended its dividend and saw a 51% decline in operating profit, the analyst is positive on the company's 2-year $650M cost reduction program and plans to reduce its product range. Weiser also notes the company is not facing any imminent liquidity issues given its credit ratings.
10/31/17
UBSW
10/31/17
NO CHANGE
Target $18
UBSW
Buy
Mattel a top-line recovery story, not cost cutting one, says UBS
UBS analyst Arpine Kocharyan said he views Mattel as a top-line recovery story, not a cost cutting one as he does not believe the company can be saved by cutting costs alone. Kocharyan, who explored various scenarios of cutting costs versus growth and acknowledged costs will have to be cut if the top line does not come back, lowered his estimates and his price target to $18 from $22 on Mattel shares but keeps a Buy rating on the stock.
10/30/17
JEFF
10/30/17
NO CHANGE
Target $12.5
JEFF
Hold
Mattel capital needs 'growing and immediate,' says Jefferies
After Standard & Poor's Friday downgraded Mattel's debt two notches to junk following the Q3 miss, Jefferies analyst Stephanie Wissink says the company's capital needs are "growing and immediate." The rating change will limit Mattel's access to the commercial paper market, the company's primary vehicle for funding seasonality, Wissink tells investors in a research note. She believes a lack of access to the commercial paper market and Mattel's limited debt capacity leaves the company with limited options to fund its operations. The company can exercise an open shelf or potentially sell off assets, the analyst contends. Wissink estimates Mattel's debt would offset its intellectual property and real estate value by $2 per share, implying a floor for the stock between $8 and $10. She has a Hold rating on Mattel with a $12.50 price target.

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SVM

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CEL

Cellcom Israel

$10.00

-0.1 (-0.99%)

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GASS

StealthGas

$4.07

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CPRT

Copart

$41.01

4.31 (11.74%)

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Deere

$145.25

6.02 (4.32%)

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SECO

Seeco Holding

$8.34

0.14 (1.71%)

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BASFY

BASF

$27.39

-0.13 (-0.47%)

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RBS

RBS

$7.30

-0.04 (-0.54%)

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$49.36

-0.02 (-0.04%)

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