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BX

Blackstone

$34.53

0.35 (1.02%)

05:28
01/12/18
01/12
05:28
01/12/18
05:28

Blackstone upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Kenneth Worthington upgraded Blackstone to Overweight and raised his price target for the shares to $46 from $35. The analyst sees Blackstone entering its next fundraising cycle later this year and expects it to raise nearly $200B over the next two years. This should higher earnings and a higher stock price, Worthington tells investors in a research note. The analyst notes that shares have been the worst performing of the major alternative asset managers over the last two years.

  • 01

    Feb

BX Blackstone
$34.53

0.35 (1.02%)

05/22/17
05/22/17
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. Qualcomm (QCOM) upgraded to Overweight from Neutral at JPMorgan with analyst Rod Hall saying while more negative news from the Apple (AAPL) royalty suit is likely, "material fundamental upside" exists from the closure of the NXP Semiconductors (NXPI) by the end of this year. The analyst views the deal as highly accretive. Hall also believes Apple ultimately will want to preserve its commercial relationship with Qualcomm. 2. Motorola Solutions (MSI) upgraded to Outperform from Market Perform at Raymond James with analyst Tavis McCourt saying shares look increasingly attractive based on improved demand visibility that is less economically sensitive than many of its peers, and demand catalysts from FirstNet buildouts that are expected to start in 2018. 3. Entegris (ENTG) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Toshiya Hari citing the recent pullback in shares and maintained a $29 price target. 4. Blackstone (BX) upgraded to Buy from Neutral at Citi with analyst William Katz saying the company's intentions to raise a $40B infrastructure fund should be a "valuation catalyst." 5. Cree (CREE) upgraded to Outperform from Market Perform at JMP Securities with analyst Joseph Osha saying he thinks that the company's new CEO could make positive changes at the company. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/18/17
FBCO
09/18/17
NO CHANGE
FBCO
Blackstone Vivint IPO/sale potential positive for Alarm.com, says Credit Suisse
Credit Suisse analyst Michael Nemeroff notes that several news outlets disclosed that Blackstone (BX) is running a process that could lead to an IPO or sale of Vivint, a smart-home technology company. The analyst believes that the IPO or sale of Vivint could have positive implications for Alarm.com (ALRM). An IPO could validate the market for connected home security products and promote awareness in a market where Alarm.com holds the dominant leadership position, while a sale could result in business disruptions at Vivint, which could allow Alarm.com to further extend its lead in the market, Nemeroff contends.
11/09/17
MSCO
11/09/17
NO CHANGE
MSCO
Morgan Stanley says GOP proposals would only have 'modest impact' on PE markets
Morgan Stanley analyst Michael Cyprys noted that the House GOP tax proposal would limit interest deductibility, which has led to concerns over the future of private equity use of leverage and the potential for reduced supply in the high yield bond market. However, he thinks incrementally higher LBO funding costs and interest deductibility limitations should not be a major headwind for supply. Regardless of the final shape of a tax bill, change could create market dislocations and "there will be winners and losers," Cyprys tells investors. He views Oaktree Capital (OAK) as best positioned for dislocation given its dry powder and skew toward distressed investing, but also sees Blackstone (BX) and Apollo Global (APO) as well positioned.
11/14/17
OPCO
11/14/17
NO CHANGE
Target $40
OPCO
Outperform
Envision buyout price could approach $50 per share, says Oppenheimer
After Bloomberg reported that private equity firms Carlyle Group (CG) and Onex have shown interest, Oppenheimer analyst Michael Wiederhorn says he believes a buyout offer for Envision Healthcare could approach $50 per share. The stock in afternoon trading is up 8% to $27.96. Such an offer is based on an 11 times 2018 EBITDA estimate, which is multiple similar to the one paid by Blackstone (BX) for Team Health in late 2016, Wiederhorn tells investors in a research note. The analyst believes Envision has a "strong growth business" and he recommends continuing to buy the shares at current levels. Wiederhorn has an Outperform rating on Envision with a $40 price target.

TODAY'S FREE FLY STORIES

SLB

Schlumberger

$62.54

0.955 (1.55%)

08:34
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Schlumberger analyst commentary  »

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NUVA

NuVasive

$69.31

0.95 (1.39%)

08:33
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MDSO

Medidata

$73.09

-0.21 (-0.29%)

08:33
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Medidata announces adoption of Medidata Cloud by Decibel Therapeutics »

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ATU

Actuant

$29.75

0.2 (0.68%)

08:33
09/26/18
09/26
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Earnings
Actuant reports Q4 adj. EPS 39c, consensus 35c »

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  • 26

    Sep

KBH

KB Home

$25.29

-0.24 (-0.94%)

08:32
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08:32
Recommendations
KB Home analyst commentary  »

KB Home price target…

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HYGS

Hydrogenics

$6.95

-0.4 (-5.44%)

08:32
09/26/18
09/26
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08:32
Hot Stocks
Hydrogenics to provide fuel cells for trucks in California »

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  • 15

    Nov

SONC

Sonic

$43.46

6.85 (18.71%)

, RRGB

Red Robin

$38.60

-0.35 (-0.90%)

08:32
09/26/18
09/26
08:32
09/26/18
08:32
Downgrade
Sonic, Red Robin, Chuy's, BJ's Restaurants rating change  »

Sonic downgraded to Equal…

SONC

Sonic

$43.46

6.85 (18.71%)

RRGB

Red Robin

$38.60

-0.35 (-0.90%)

CHUY

Chuy's

$25.50

0.45 (1.80%)

BJRI

BJ's Restaurants

$70.80

1.5 (2.16%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 26

    Sep

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    Nov

AAPL

Apple

$222.19

1.4 (0.63%)

08:31
09/26/18
09/26
08:31
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08:31
Periodicals
Apple taps Compal to expand Apple Watch Series 4 production capacity, AI reports »

Apple has turned to…

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  • 26

    Sep

HD

Home Depot

$207.46

-0.51 (-0.25%)

08:31
09/26/18
09/26
08:31
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08:31
Hot Stocks
Home Depot brings express delivery to 35 major U.S. markets »

The Home Depot has rolled…

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LH

LabCorp

$170.56

1.02 (0.60%)

08:30
09/26/18
09/26
08:30
09/26/18
08:30
Conference/Events
LabCorp management to meet with JPMorgan »

Meeting to be held in Los…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 26

    Sep

  • 24

    Oct

08:30
09/26/18
09/26
08:30
09/26/18
08:30
Conference/Events
Guild Investment Management to hold a webinar »

Webinar entitled,…

NTNX

Nutanix

$43.12

0.76 (1.79%)

08:29
09/26/18
09/26
08:29
09/26/18
08:29
Recommendations
Nutanix analyst commentary  »

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  • 22

    Oct

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  • 25

    Oct

  • 29

    Oct

  • 10

    Dec

08:28
09/26/18
09/26
08:28
09/26/18
08:28
Conference/Events
Joint Economic Committee to hold a hearing »

The Joint Economic…

SMIT

Schmitt Industries Inc

$2.84

(0.00%)

08:28
09/26/18
09/26
08:28
09/26/18
08:28
Hot Stocks
Schmitt Industries shareholder Sententia comments on upcoming board election »

Schmitt Industries…

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  • 12

    Oct

HMC

Honda

$30.72

0.065 (0.21%)

08:27
09/26/18
09/26
08:27
09/26/18
08:27
Conference/Events
Senate Finance Committee to hold a hearing »

The Committee holds a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 26

    Sep

VLRX

Valeritas

$1.03

0.13 (14.44%)

08:27
09/26/18
09/26
08:27
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08:27
Hot Stocks
Valeritas starts process to register V-Go in China »

Valeritas announced that…

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SPX

S&P 500

$0.00

(0.00%)

08:27
09/26/18
09/26
08:27
09/26/18
08:27
Technical Analysis
S&P 500: Pivot points »

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CMCSA

Comcast

$35.39

-0.21 (-0.59%)

, SKYAY

Sky

$0.00

(0.00%)

08:26
09/26/18
09/26
08:26
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08:26
Recommendations
Comcast, Sky analyst commentary  »

Comcast price target…

CMCSA

Comcast

$35.39

-0.21 (-0.59%)

SKYAY

Sky

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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SQ

Square

$95.40

9.34 (10.85%)

08:26
09/26/18
09/26
08:26
09/26/18
08:26
Recommendations
Square analyst commentary  »

Square price target…

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  • 26

    Sep

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  • 26

    Nov

KO

Coca-Cola

$45.69

-0.385 (-0.84%)

08:26
09/26/18
09/26
08:26
09/26/18
08:26
Conference/Events
Senate Environment and Public Works Committee to hold a hearing »

The Committee holds a…

03/08/13
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03/06/13
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03/06/13
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  • 26

    Sep

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  • 30

    Oct

DRI

Darden

$113.00

-0.28 (-0.25%)

, TXRH

Texas Roadhouse

$69.29

0.83 (1.21%)

08:25
09/26/18
09/26
08:25
09/26/18
08:25
Recommendations
Darden, Texas Roadhouse, BJ's Restaurants analyst commentary  »

Stifel recommends adding…

DRI

Darden

$113.00

-0.28 (-0.25%)

TXRH

Texas Roadhouse

$69.29

0.83 (1.21%)

BJRI

BJ's Restaurants

$70.80

1.5 (2.16%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

    Sep

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  • 06

    Nov

08:25
09/26/18
09/26
08:25
09/26/18
08:25
General news
FX Action: USD-CAD »

FX Action: USD-CAD…

PMBC

Pacific Mercantile Bancorp

$9.60

0.15 (1.59%)

08:24
09/26/18
09/26
08:24
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08:24
Hot Stocks
Pacific Mercantile Bancorp provides $10M credit line to Great Elm DME »

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  • 07

    Nov

SRTS

Sensus Healthcare

$7.86

0.245 (3.22%)

08:24
09/26/18
09/26
08:24
09/26/18
08:24
Initiation
Sensus Healthcare initiated  »

Sensus Healthcare…

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SPNE

SeaSpine

$15.44

-0.26 (-1.66%)

08:24
09/26/18
09/26
08:24
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08:24
Hot Stocks
SeaSpine announces launch of Regatta Lateral System »

SeaSpine announced the…

03/08/13
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  • 01

    Oct

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