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CAVM

Cavium

$84.02

8.19 (10.80%)

, MRVL

Marvell

$21.59

1.3 (6.41%)

07:40
11/21/17
11/21
07:40
11/21/17
07:40

Cavium downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Joseph Moore downgraded Cavium (CAVM) to Equal Weight from Overweight after the company announced an agreement to be acquired by Marvell Technology (MRVL), noting the deal had a higher stock component and higher cost synergies than his expectations. Moore also raised his multiple expectations for Marvell and increased his price target on its shares to $19 from $18.50.

CAVM

Cavium

$84.02

8.19 (10.80%)

MRVL

Marvell

$21.59

1.3 (6.41%)

  • 27

    Nov

  • 28

    Nov

  • 28

    Nov

CAVM Cavium
$84.02

8.19 (10.80%)

11/21/17
LOOP
11/21/17
NO CHANGE
Target $26
LOOP
Buy
Marvell price target increased to $26 from $22 at Loop Capital
Loop Capital analyst Betsy Van Hees raised her price target on Marvell (MRVL) following its announcement to acquire Cavium (CAVM) for $6B. The analyst says the acquisition provides Marvell with increased scale, broader product and market diversification, and accretion to sales, earnings, and margins. Van Hees keeps her Buy rating but warns that the timing of the acquisition at a period of multiple tail wind factors is suspicious, possibly signalling the ramp for new product development may be slower than expected.
11/21/17
LOOP
11/21/17
DOWNGRADE
Target $84
LOOP
Hold
Cavium downgraded to Hold from Buy at Loop Capital
Loop Capital analyst Betsy Van Hees downgraded Cavium (CAVM) to Hold saying she does not expect a competing bid to Marvell's (MRVL) takeover offer. The analyst raised her price target for the shares to $84 from $81.
11/21/17
JEFF
11/21/17
UPGRADE
Target $27
JEFF
Buy
Marvell upgraded to Buy from Hold at Jefferies
Jefferies analyst Mark Lipacis upgraded Marvell Technology Group (MRVL) to Buy following the company's acquisition of Cavium (CAVM). The product portfolios are synergistic and the deal creates better scale, Lipacis tells investors in a research note. The analyst estimates earnings accretion of 19% in 2018 and a 2019 earnings per share power of $1.79 which represents 43% accretion. He raised his price target for Marvell to $27 from $18.50. Barclays this morning also upgraded the shares.
11/21/17
JEFF
11/21/17
DOWNGRADE
Target $94
JEFF
Hold
Cavium downgraded to Hold from Buy at Jefferies
Jefferies analyst Mark Lipacis downgraded Cavium (CAVM) to Hold saying he expects the acquisition by Marvell (MRVL) to successfully close. The analyst raised his price target for the shares eto $94 from $79.
MRVL Marvell
$21.59

1.3 (6.41%)

TODAY'S FREE FLY STORIES

WEN

Wendy's

$15.63

0.24 (1.56%)

, MCD

McDonald's

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-0.2 (-0.12%)

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WEN

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MCD

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QSR

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YUM

Yum! Brands

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JACK

Jack in the Box

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Sonic

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SLM

Sallie Mae

$11.16

-0.45 (-3.88%)

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MYL

Mylan

$39.53

0.24 (0.61%)

, PRGO

Perrigo

$82.91

-3.11 (-3.62%)

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MYL

Mylan

$39.53

0.24 (0.61%)

PRGO

Perrigo

$82.91

-3.11 (-3.62%)

MKGAY

Merck KGaA

RBGLY

Reckitt Benckiser

$18.17

0.11 (0.61%)

NSRGY

Nestle

$86.67

0.61 (0.71%)

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EADSY

Airbus

$26.16

0.62 (2.43%)

15:34
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Periodicals
Airbus COO expected to step down, Reuters reports »

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JBL

Jabil Circuit

$27.56

-0.99 (-3.47%)

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Jabil Circuit options imply 8.5% move in share price post-earnings, above median historical move »

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MCD

McDonald's

$173.34

-0.21 (-0.12%)

, QSR

Restaurant Brands

$61.42

0.09 (0.15%)

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MCD

McDonald's

$173.34

-0.21 (-0.12%)

QSR

Restaurant Brands

$61.42

0.09 (0.15%)

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EXPR

Express

$10.30

-0.66 (-6.02%)

15:30
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Express calls active as shares see relative weakness »

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  • 08

    Jan

FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

, DIS

Disney

$111.17

3.555 (3.30%)

15:29
12/14/17
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15:29
Recommendations
21st Century Fox, Disney analyst commentary  »

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FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

DIS

Disney

$111.17

3.555 (3.30%)

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  • 14

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TSLA

Tesla

$339.03

-2 (-0.59%)

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  • 16

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TSLA

Tesla

$339.03

-2 (-0.59%)

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  • 16

    Jan

BTC

Bitcoin

, BITCOIN

Bitcoin

15:19
12/14/17
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15:19
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15:19
General news
Chanos says 'not short' bitcoin but 'speculation' in it indicative of market »

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BTC

Bitcoin

BITCOIN

Bitcoin

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ADBE

Adobe

$176.83

4.29 (2.49%)

15:19
12/14/17
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Options
Adobe options imply 6.2% move in share price post-earnings, above median historical move »

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  • 14

    Dec

EADSY

Airbus

$26.16

0.62 (2.43%)

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Breaking Periodicals news story on Airbus »

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$NSD

NASDAQ Market Internals

15:17
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NASDAQ market internals summary »

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MNK

Mallinckrodt

$23.11

-0.75 (-3.14%)

, ESRX

Express Scripts

$68.57

0.01 (0.01%)

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MNK

Mallinckrodt

$23.11

-0.75 (-3.14%)

ESRX

Express Scripts

$68.57

0.01 (0.01%)

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  • 14

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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SPX

S&P 500

, SPY

SPDR S&P 500 ETF Trust

$266.05

-0.705 (-0.26%)

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SPX

S&P 500

SPY

SPDR S&P 500 ETF Trust

$266.05

-0.705 (-0.26%)

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JCP

J.C. Penney

$2.93

-0.095 (-3.15%)

15:10
12/14/17
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Options
Bulls and bears in JC Penney Thursday »

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CMCSA

Comcast

$38.58

-0.93 (-2.35%)

, CMCSK

Comcast

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Periodicals
Comcast offered more for Fox assets, but Fox preffered Disney deal, CNBC says »

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CMCSA

Comcast

$38.58

-0.93 (-2.35%)

CMCSK

Comcast

FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

FOX

21st Century Fox

$32.34

-1.26 (-3.75%)

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  • 14

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COST

Costco

$188.28

-0.02 (-0.01%)

15:04
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Options
Costco options imply 5.2% move in share price post-earnings, above median historical move »

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  • 14

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VRX

Valeant

$19.22

-2.83 (-12.83%)

15:03
12/14/17
12/14
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Technical Analysis
Technical View: Valeant near session lows, levels to watch »

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CI

Cigna

$204.17

-3.75 (-1.80%)

15:02
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15:00
12/14/17
12/14
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General news
Treasury Closing Summary: »

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ORCL

Oracle

$50.25

0.195 (0.39%)

14:49
12/14/17
12/14
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14:49
Options
Oracle options imply 7.2% move in share price post-earnings, above median historical move »

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  • 14

    Dec

DIS

Disney

$111.04

3.43 (3.19%)

, FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

14:44
12/14/17
12/14
14:44
12/14/17
14:44
Recommendations
Disney, 21st Century Fox analyst commentary  »

RBC Capital sees Disney,…

DIS

Disney

$111.04

3.43 (3.19%)

FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

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