Breaking News Instant updates and real-time market news.

PPG

PPG

$118.41

3.91 (3.41%)

, AKZOY

AkzoNobel

$30.67

0.07 (0.23%)

05:27
01/19/18
01/19
05:27
01/19/18
05:27

PPG downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Jeffrey Zekauskas downgraded PPG Industries (PPG) to Neutral with an unchanged price target of $120 citing valuation. The analyst no longer believes a merger with AkzoNobel (AKZOY) is likely for 2018 and doesn't find the stock's current free cash flow yield "particularly alluring."

PPG

PPG

$118.41

3.91 (3.41%)

AKZOY

AkzoNobel

$30.67

0.07 (0.23%)

PPG PPG
$118.41

3.91 (3.41%)

12/19/17
RAJA
12/19/17
INITIATION
Target $139
RAJA
Outperform
PPG initiated with an Outperform at Raymond James
Raymond James initiated PPG with an Outperform and $139 price target.
12/21/17
BARD
12/21/17
NO CHANGE
Target $130
BARD
Outperform
PPG outlook remains favorable despite cost inflation potential, says Baird
Baird analyst Ghansham Panjabi believes the fundamental outlook for PPG looks favorable despite the potential for raw material cost inflation. He cited the rapid narrowing of the price-to-cost curve, improving end markets, and considerable capital allocation flexibility. Panjabi reiterated his Outperform rating and $130 price target on PPG shares.
01/17/18
ATLE
01/17/18
DOWNGRADE
ATLE
Neutral
PPG downgraded to Neutral from Overweight at Atlantic Equities
01/17/18
ATLE
01/17/18
DOWNGRADE
Target $125
ATLE
Neutral
PPG downgraded to Neutral at Atlantic Equities
As previously reported, Atlantic Equities downgraded PPG to Neutral from Overweight and raised its price target to $125 from $115. Analyst Colin Isaac said earnings momentum stalled in 2017 and expects lower growth in 1H 2018 due to timing of buybacks, raw material costs, and more difficult comps.
AKZOY AkzoNobel
$30.67

0.07 (0.23%)

10/30/17
DBAB
10/30/17
NO CHANGE
Target $32
DBAB
Buy
Axalta shares could be worth $45 in merger deal, says Deutsche Bank
Deutsche Bank analyst David Begleiter estimates Axalta Coating (AXTA) shares would be worth $45 in a merger of equals deal with AkzoNobel (AKZOY). The analyst believes a merger of equals makes sense, saying it would allow Axalta shareholders to share in the upside from costs savings and sales synergies at the new entity as well as operational improvement at Akzo. If Axalta were to be acquired by Akzo or someone else, its board would likely seek a valuation similar to what Sherwin-Williams (SHW) paid for Valspar, or around $41 per share, Begleiter tells investors in a research note titled "Merger Value Could be in the $40s." The analyst keeps a Hold rating on Axalta with a standalone price target of $32.
11/22/17
SBSH
11/22/17
NO CHANGE
Target $34
SBSH
Neutral
Axalta remains potential acquisition target, says Citi
Citi analyst P.J. Juvekar expects "significant downward pressure" today in shares of Axalta Coating (AXTA) after AkzoNobel (AKZOY) confirmed that it has walked away from merger talks. When the initial news hit, Axalta shares jumped 17%, or nearly $5 per share, and since then are up another 2%, Juvekar tells investors in a research note. His bear case scenario for the shares if the deal did not happen is $28, or 10.8 times his 2018 EBITDA estimate. The analyst, however, thinks Axalta remains a potential acquisition target given the ongoing consolidation of the paints industry. He still thinks the involvement of Berkshire Hathaway (BRK.A, BRK.B) 10% owner, "is a wildcard." Nonetheless, Juvekar remains concerned about the company's near-term fundamentals and keeps a Neutral rating on Axalta with a $34 price target.
11/30/17
JEFF
11/30/17
NO CHANGE
Target $36
JEFF
Buy
Investors to refocus on Axalta fundamentals after deal talks end, says Jefferies
Jefferies analyst Laurence Alexander said some M&A premium may linger for Axalta Coating but he expects investors to assign a fading M&A view after two deal discussions failed so close together. With merger talks with Nippon Paint ended, he expects investors to shift their focus back to the company's fundamentals, noting also that economic data has improved and the company's pricing initiatives have had time to gain traction since its initial talks with AkzoNobel came to light. Alexander lowered his price target on Axalta to $36 from $38 and keeps a Buy rating on the stock.
12/01/17
DBAB
12/01/17
NO CHANGE
Target $35
DBAB
Buy
Axalta target raised to $35 after failed deals at Deutsche Bank
The failure of Axalta Coating (AXTA) to reach a takeover deal with either Nippon or AkzoNobel (AKZOY) more reflects the situations at the latter two companies than any concerns or issues with the Axalta's coating businesses, Deutsche Bank analyst David Begleiter tells investors in a research note partially titled "Unwanted but Not Unloved." The analyst raised his price target for Axalta shares to $35 from $32, which reflects 11% upside from current levels. He keeps a Buy rating on the name

TODAY'S FREE FLY STORIES

ATNI

ATN International

$55.30

0.57 (1.04%)

18:04
06/19/18
06/19
18:04
06/19/18
18:04
Hot Stocks
ATN International acquires Geoverse LLC, terms not disclosed »

Geoverse, LLC, a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

, GE

General Electric

$12.96

-0.24 (-1.82%)

18:01
06/19/18
06/19
18:01
06/19/18
18:01
Hot Stocks
Walgreens Boots Alliance to replace General Electric in DJIA at open on 6/26 »

Walgreens Boots Alliance…

WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

GE

General Electric

$12.96

-0.24 (-1.82%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Jun

HPE

HP Enterprise

$15.90

-0.02 (-0.13%)

18:01
06/19/18
06/19
18:01
06/19/18
18:01
Hot Stocks
HP Enterprise to invest $4B in Intelligent Edge technologies »

Hewlett Packard…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Jul

SBUX

Starbucks

$57.43

0.22 (0.38%)

, NSRGY

Nestle

$0.00

(0.00%)

17:59
06/19/18
06/19
17:59
06/19/18
17:59
Hot Stocks
Starbucks slips after announcing more store closures, cutting Q3 SSS view »

Shares of Starbucks…

SBUX

Starbucks

$57.43

0.22 (0.38%)

NSRGY

Nestle

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 22

    Jun

BX

Blackstone

$32.72

-0.31 (-0.94%)

, GS

Goldman Sachs

$228.20

-3.185 (-1.38%)

17:56
06/19/18
06/19
17:56
06/19/18
17:56
Hot Stocks
Blackstone to acquire PSAV »

PSAV announced that it…

BX

Blackstone

$32.72

-0.31 (-0.94%)

GS

Goldman Sachs

$228.20

-3.185 (-1.38%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

SBUX

Starbucks

$57.43

0.22 (0.38%)

17:42
06/19/18
06/19
17:42
06/19/18
17:42
Recommendations
Starbucks analyst commentary  »

Starbucks has no…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 22

    Jun

ORCL

Oracle

$46.29

-0.25 (-0.54%)

17:36
06/19/18
06/19
17:36
06/19/18
17:36
Hot Stocks
Breaking Hot Stocks news story on Oracle »

Oracle reverses, now down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

ORCL

Oracle

$46.29

-0.25 (-0.54%)

17:32
06/19/18
06/19
17:32
06/19/18
17:32
Earnings
Oracle sees Q1 adjusted EPS 67c-69c in USD, consensus 72c »

Sees Q1 adjusted EPS…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

, GE

General Electric

$12.96

-0.24 (-1.82%)

17:32
06/19/18
06/19
17:32
06/19/18
17:32
Hot Stocks
Walgreens Boots Alliance to replace General Electric in DJIA »

Walgreens Boots Alliance…

WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

GE

General Electric

$12.96

-0.24 (-1.82%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Jun

BA

Boeing

$341.10

-13.69 (-3.86%)

, FDX

FedEx

$258.35

-5.295 (-2.01%)

17:32
06/19/18
06/19
17:32
06/19/18
17:32
Hot Stocks
Boeing announces FedEx order valued at $6.6B for 24 medium and large freighters »

Boeing (BA) and FedEx…

BA

Boeing

$341.10

-13.69 (-3.86%)

FDX

FedEx

$258.35

-5.295 (-2.01%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 20

    Sep

  • 21

    Sep

WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

17:31
06/19/18
06/19
17:31
06/19/18
17:31
Hot Stocks
Breaking Hot Stocks news story on Walgreens Boots Alliance »

Walgreens jumps 4% to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Jun

ORCL

Oracle

$46.29

-0.25 (-0.54%)

17:29
06/19/18
06/19
17:29
06/19/18
17:29
Hot Stocks
Breaking Hot Stocks news story on Oracle »

Oracle CEO Catz says…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

GE

General Electric

$12.96

-0.24 (-1.82%)

17:26
06/19/18
06/19
17:26
06/19/18
17:26
Hot Stocks
Breaking Hot Stocks news story on General Electric »

GE drops 21c to $12.74…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BPOP

Popular

$46.64

0.19 (0.41%)

17:26
06/19/18
06/19
17:26
06/19/18
17:26
Syndicate
Breaking Syndicate news story on Popular »

Popular files automatic…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SRAX

Social Reality

$4.66

0.2 (4.48%)

17:25
06/19/18
06/19
17:25
06/19/18
17:25
Syndicate
Breaking Syndicate news story on Social Reality »

Social Reality files to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

17:25
06/19/18
06/19
17:25
06/19/18
17:25
Conference/Events
Stephens restaurants analyst to hold a dinner meeting »

Restaurant Analyst…

SBUX

Starbucks

$57.43

0.22 (0.38%)

17:23
06/19/18
06/19
17:23
06/19/18
17:23
Hot Stocks
Breaking Hot Stocks news story on Starbucks »

Starbucks says June comp…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 22

    Jun

ORCL

Oracle

$46.29

-0.25 (-0.54%)

17:23
06/19/18
06/19
17:23
06/19/18
17:23
Earnings
Breaking Earnings news story on Oracle »

Oracle sees FY19 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

VALE

Vale

$12.97

-0.21 (-1.59%)

17:23
06/19/18
06/19
17:23
06/19/18
17:23
Syndicate
Breaking Syndicate news story on Vale »

Vale files automatic…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

, GE

General Electric

$12.96

-0.24 (-1.82%)

17:21
06/19/18
06/19
17:21
06/19/18
17:21
Hot Stocks
Breaking Hot Stocks news story on Walgreens Boots Alliance, General Electric »

Walgreens Boots Alliance…

WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

GE

General Electric

$12.96

-0.24 (-1.82%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Jun

RMTI

Rockwell Medical

$5.47

0.07 (1.30%)

17:20
06/19/18
06/19
17:20
06/19/18
17:20
Hot Stocks
Rockwell Medical parties to engage in mediation June 19 »

On June 13, the Circuit…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ORCL

Oracle

$46.29

-0.25 (-0.54%)

17:18
06/19/18
06/19
17:18
06/19/18
17:18
Hot Stocks
Oracle sees FY19 CapEx 'similar' to FY18 »

Sees FY19 tax rate…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

SBUX

Starbucks

$57.43

0.22 (0.38%)

17:16
06/19/18
06/19
17:16
06/19/18
17:16
Hot Stocks
Breaking Hot Stocks news story on Starbucks »

Starbucks sees some EPS…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 22

    Jun

SBUX

Starbucks

$57.43

0.22 (0.38%)

17:16
06/19/18
06/19
17:16
06/19/18
17:16
Earnings
Starbucks cuts FY18 adjusted EPS view to $2.39-$2.43 from $2.48-$2.53 

Consensus $2.49.

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 22

    Jun

VALE

Vale

$12.97

-0.21 (-1.59%)

17:15
06/19/18
06/19
17:15
06/19/18
17:15
Hot Stocks
Vale exposed to about 40% of future cobalt production from Voisey's Bay »

On June 11 , Vale…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.