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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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Acadia

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Ford

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TWTR

Twitter

$29.24

-1.24 (-4.07%)

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TMUS

T-Mobile

$63.95

1.37 (2.19%)

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SPKE

Spark Energy

$11.78

0.025 (0.21%)

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ACAD

Acadia

$19.95

0.47 (2.41%)

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NFLX

Netflix

$304.83

-2.41 (-0.78%)

13:58
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Conference/Events
Netflix management to meet with UBS »

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MSFT

Microsoft

$92.23

-0.85 (-0.91%)

13:55
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Conference/Events
House Appropriations Committee to hold a hearing »

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ZOOM

Zoom Technologies

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Conference/Events
Zoom Technologies participates in a conference call with RBC Capital »

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JD

JD.com

$35.84

-0.03 (-0.08%)

13:50
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Options
Volatility play in JD as January puts trade in large blocks Wednesday »

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13:50
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General news
Treasury Curve Action: steepeners resumed »

Treasury Curve Action:…

AMD

AMD

$9.69

-0.4 (-3.96%)

13:40
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Options
Aggresive buyer lays out $2.2M for deep in the money Advanced Micro puts »

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AAPL

Apple

$164.70

1.83 (1.12%)

13:40
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Conference/Events
President Trump to meet with Apple CEO Cook »

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WELL

Welltower

$49.86

-1.16 (-2.27%)

, QCP

Quality Care Properties

$21.35

0.55 (2.64%)

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Periodicals
Promedica, Welltower offering $2B to aquire Quality Care Properties, Reuters says »

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WELL

Welltower

$49.86

-1.16 (-2.27%)

QCP

Quality Care Properties

$21.35

0.55 (2.64%)

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  • 01

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EBAY

eBay

$40.63

-0.55 (-1.34%)

13:36
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Technical Earnings Preview: eBay in uptrend ahead of earnings »

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LC

LendingClub

$2.78

-0.485 (-14.85%)

13:36
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LC

LendingClub

$2.78

-0.485 (-14.85%)

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Breaking Hot Stocks news story on LendingClub »

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FB

Facebook

$160.15

0.49 (0.31%)

, GOOG

Alphabet

$1,021.04

1.58 (0.15%)

13:35
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Periodicals
Facebook declines to testify at U.S. House hearing on social media, Reuters says »

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Facebook

$160.15

0.49 (0.31%)

GOOG

Alphabet

$1,021.04

1.58 (0.15%)

GOOGL

Alphabet Class A

$1,023.95

0.97 (0.09%)

TWTR

Twitter

$28.98

-1.5 (-4.92%)

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HOG

Harley-Davidson

$41.88

-0.13 (-0.31%)

13:30
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Options
Hefty spread opened in Harley Davidson options »

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TWTR

Twitter

$28.97

-1.51 (-4.95%)

13:29
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Recommendations
Twitter analyst commentary  »

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XOM

Exxon Mobil

$78.56

0.21 (0.27%)

13:29
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Hot Stocks
Exxon Mobil boosts Q2 dividend to 82c from 77c »

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  • 27

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FB

Facebook

$160.04

0.38 (0.24%)

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  • 25

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MGM

MGM Resorts

$35.36

-0.16 (-0.45%)

13:25
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Options
MGM Resorts call volume above normal and directionally bullish »

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  • 26

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CBLK

Carbon Black

13:25
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Conference/Events
Cowen software analyst to hold an analyst/industry conference call »

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  • 25

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BA

Boeing

$338.10

9.1 (2.77%)

13:23
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Upgrade
Boeing rating change  »

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