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OMF

OneMain Holdings

$34.29

7.645 (28.70%)

, APO

Apollo Global

$34.34

0.07 (0.20%)

15:41
01/04/18
01/04
15:41
01/04/18
15:41

OneMain Holdings upgraded to Buy with Fortress overhang removed at BofA/Merrill

As previously reported, BofA Merrill Lynch analyst Kenneth Bruce upgraded OneMain Holdings (OMF) to Buy from Neutral after news that an investor group affiliated with Apollo Global (APO) and Varde Partners had acquired Fortress' 40% stake in the company. The sale of the stake to "a sophisticated financial buyer" validates the company's value proposition and likely removes the major overhang that the prospect of additional secondary selling by Fortress presented, said Bruce, who raised his price target on OneMain shares to $41.

OMF

OneMain Holdings

$34.29

7.645 (28.70%)

APO

Apollo Global

$34.34

0.07 (0.20%)

  • 10

    Jan

  • 11

    Jan

OMF OneMain Holdings
$34.29

7.645 (28.70%)

11/08/17
JANY
11/08/17
NO CHANGE
Target $28
JANY
Neutral
OneMain Holdings 10-Q seems to end takeover speculation, says Janney Capital
Janney Capital analyst John Rowan noted that several media reports emerged in October that OneMain Holdings was up for sale, but the company's 10-Q contained "two inconspicuous sentences" that appeared to end that speculation, as OneMain stated that it "recently completed an evaluation of certain alternatives to maximize stockholder value, including a sale of its business. The evaluation has concluded and the company continues to implement its previously disclosed strategies." Since he had not adjusted his valuation of OneMain based on any takeover scenario, Rowan keeps a Neutral rating and $28 fair value estimate on the shares following the disclosure.
12/12/17
FBCO
12/12/17
NO CHANGE
FBCO
Outperform
Synchrony, Discover among biggest beneficiaries of tax reform, says Credit Suisse
Credit Suisse analyst Moshe Orenbuch views tax reform as highly beneficial to U.S. consumer finance companies as most companies are full U.S. tax payers and any increases in consumer confidence from more cash flow could lead to more consumer borrowing, driving faster revenue growth and improved credit quality. His favorites to benefit from tax reform are Synchrony (SYF), Discover (DFS), OneMain (OMF), CIT Group (CIT), Santander Consumer (SC), Sallie Mae (SLM), and Air Lease (AL).
01/04/18
COMP
01/04/18
UPGRADE
COMP
Buy
OneMain Holdings upgraded to Buy from Neutral at Compass Point
01/04/18
BOFA
01/04/18
UPGRADE
BOFA
Buy
OneMain Holdings upgraded to Buy from Neutral at BofA/Merrill
APO Apollo Global
$34.34

0.07 (0.20%)

12/11/17
SBSH
12/11/17
NO CHANGE
SBSH
Citi sees potential sale of Voya assets as win for three companies
Citi analyst Suneet Kamath says Voya Financial's (VOYA) potential sale of $50B in annuity assets to Apollo Global (APO) could be a win for both companies along with Athene Holding (ATH). Considering the relationship between Apollo and Athene, any transfer of general account assets from Voya to Apollo would eventually be housed in Athene, Kamath tells investors in a research note. He estimates a Voya annuity deal could add at least $2 to his Apollo price target. The analyst continues to see more upside in Apollo than Athene.
01/03/18
MSCO
01/03/18
UPGRADE
MSCO
Overweight
Apollo Global upgraded to Overweight from Equal Weight at Morgan Stanley
01/03/18
MSCO
01/03/18
UPGRADE
Target $62
MSCO
Equal Weight
LPL Financial upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Michael Cyprys raised his 2018 and 2019 EPS estimates by 25% and 20%, respectively, for discount brokers and 17% and 16%, respectively, for traditional asset managers, after updating for stronger equity markets, the latest forward curve and tax cuts. Given this context, he upgraded LPL Financial to Equal Weight from Underweight, stating that he views it as a key beneficiary of tax reform, rising short-term interest rates and strong equity markets. Cyprys increased his price target on LPL shares to $62 from $45. He also upgraded Apollo Global (APO) and E-Trade (ETFC), each to Overweight from Equal Weight.
01/03/18
MSCO
01/03/18
UPGRADE
Target $42
MSCO
Overweight
Apollo Global upgraded to Overweight at Morgan Stanley
As previously reported, Morgan Stanley analyst Michael Cyprys upgraded Apollo Global to Overweight from Equal Weight, noting that the company is entering its portfolio harvesting stage and he has become more bullish on its growth prospects with the credit business scaling faster. For Apollo, and other alternative asset managers, he also assumes lower tax rates and a higher multiple on fee-related earnings. Cyprys increased his price target on Apollo shares to $42 from $32.

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EOG

EOG Resources

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-3.435 (-3.25%)

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FSI

Flexible Solutions

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ANWWQ

Aegean Marine

$0.00

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14:09
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FSI

Flexible Solutions

$1.46

(0.00%)

14:07
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14:07
11/20/18
14:07
Upgrade
Flexible Solutions rating change  »

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BBY

Best Buy

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0.77 (1.24%)

, WMT

Walmart

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$94.30

-2.5 (-2.58%)

TGT

Target

$69.61

-7.52 (-9.75%)

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PFIN

P&F Industries

$7.60

(0.00%)

14:05
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P&F Industries repurchases 85,791 shares from seller in accretive transaction »

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14:05
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Options
Royal Dutch Shell call volume above normal and directionally bullish »

Bullish option flow…

ESV

Ensco

$6.20

-0.35 (-5.34%)

13:55
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Ensco put volume heavy and directionally bearish »

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BSX

Boston Scientific

$34.59

-0.7 (-1.98%)

13:49
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WDC

Western Digital

$45.45

0.33 (0.73%)

13:45
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Options
Western Digital call volume above normal and directionally bullish »

Bullish option flow…

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  • 04

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EADSY

Airbus

$0.00

(0.00%)

13:38
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Periodicals
Airbus set to announce top finance, operational appointments, Reuters says »

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NVS

Novartis

$88.66

0.37 (0.42%)

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BDRBF

Bombardier

$0.00

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  • 06

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CSX

CSX

$69.51

-2.56 (-3.55%)

13:35
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CSX put volume heavy and directionally bearish »

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PCG

PG&E

$23.79

0.52 (2.23%)

13:32
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MDCO

The Medicines Co.

$20.52

-0.12 (-0.58%)

13:20
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Healthy put spread in Medicines Company after recent losses in shares »

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13:20
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General news
Trump reaffirmed relations with the Kingdom of Saudi Arabia »

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KO

Coca-Cola

$49.65

-0.85 (-1.68%)

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  • 03

    Mar

$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

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RF

Regions Financial

$15.78

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  • 26

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