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XL

XL Group

$42.00

4.66 (12.48%)

, AZSEY

Allianz

$24.11

0.02 (0.08%)

18:03
02/07/18
02/07
18:03
02/07/18
18:03

XL Group said to draw interest from insurers such as Allianz, Bloomberg says

XL Group (XL) is drawing interest from rivals including Allianz (AZSEY), Bloomberg reports, citing people with knowledge of the matter. Interest from insurers in potentially acquiring the Bermuda-based company, which has a market value of nearly $10B, is preliminary and may not lead to any deal, the report says. Reference Link

XL

XL Group

$42.00

4.66 (12.48%)

AZSEY

Allianz

$24.11

0.02 (0.08%)

XL XL Group
$42.00

4.66 (12.48%)

09/11/17
JPMS
09/11/17
NO CHANGE
JPMS
Irma losses could be lower than expected, says JPMorgan
JPMorgan analyst Sarah DeWitt believes losses from Hurricane Irma could be at the lower end of the $20B-$60B expected range since the storm weakened faster than expected. The analyst estimates the impact to book values for the companies she covers should be a "manageable" 1%-2%. Among the property casualty insurers, the analyst views Validus (VR), Everest Re (RE) and XL Group (XL) as the most oversold. She lists those three along with RenaissanceRe (RNR), Travelers (TRV), Arch Capital (ACGL), Chubb (CB), Allstate (ALL) and Progressive (PGR) as the P&C insurers with the most exposure to U.S. hurricanes.
09/11/17
BUCK
09/11/17
INITIATION
Target $42
BUCK
Neutral
XL Group initiated with a Neutral at Buckingham
Buckingham analyst Amit Kumar initiated XL Group with a Neutral and a $42 price target.
10/13/17
DBAB
10/13/17
DOWNGRADE
Target $37
DBAB
Sell
XL Group downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank analyst Joshua Shanker downgraded XL Group to Sell and cut his price target for the shares to $37 from $42. The company may be underestimating the impact of the Q3 catastrophes, which creates downside risk to consensus estimates, Shanker tells investors in a research note. He believes XL needs to rethink its risk management.
10/13/17
10/13/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ford (F) downgraded to Equal Weight from Overweight at Barclays with analyst Brian Johnson saying the company is starting "substantially behind" General Motors (GM) in current North America margins, and behind both GM and Tesla (TSLA) in its positioning for the "megatrends and disruptive mobility." 2. HP Enterprise (HPE) downgraded to Neutral from Buy at Citi with analyst Jim Suva saying fundamentals in the company's core enterprise group remain challenging, and accelerated restructuring payments will pressure core fee cash flow in fiscal year 2018. 3. XL Group (XL) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying the company may be underestimating the impact of third quarter catastrophes, which creates downside risk to consensus estimates. 4. HubSpot (HUBS) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brent Bracelin saying the risk/reward looks balanced with the shares up 82% year-to-date. 5. Hostess Brands (TWNK) downgraded to Sell from Neutral at UBS with analyst Steven Strycula saying slowing category trends, market share loss in its Sweet Baked Goods unit and recent management turnover create an unfavorable setup. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AZSEY Allianz
$24.11

0.02 (0.08%)

02/22/17
BREN
02/22/17
INITIATION
BREN
Hold
Allianz initiated with a Hold at Berenberg
Price target EUR 175.
11/13/17
SBSH
11/13/17
DOWNGRADE
SBSH
Neutral
Allianz downgraded to Neutral from Buy at Citi
Citi analyst James Shuck downgraded Allianz to Neutral saying upside from here looks more challenging following the recent rally in the shares. The analyst keeps a EUR 205.70 price target for the stock.
12/11/17
LEHM
12/11/17
UPGRADE
LEHM
Equal Weight
Allianz upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Claudia Gaspari upgraded Allianz to Equal Weight with a price target of EUR 204.

TODAY'S FREE FLY STORIES

HPP

Hudson Pacific

$30.66

0.42 (1.39%)

05:41
02/23/18
02/23
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05:41
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OJSCY

Rosneft

05:40
02/23/18
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Rosneft rating change  »

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MIC

Macquarie Infrastructure

$37.41

-26.21 (-41.20%)

05:39
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Macquarie Infrastructure rating change  »

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ACIA

Acacia Communications

$41.84

-1.6 (-3.68%)

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Acacia Communications rating change  »

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XPO

XPO Logistics

$93.56

-0.43 (-0.46%)

05:37
02/23/18
02/23
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05:37
Recommendations
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SNY

Sanofi

$39.85

0.34 (0.86%)

, BIVV

Bioverativ

$104.30

0.39 (0.38%)

05:35
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02/23
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05:35
Hot Stocks
Sanofi announces expiration of HSR waiting period for acquisition of Bioverativ »

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SNY

Sanofi

$39.85

0.34 (0.86%)

BIVV

Bioverativ

$104.30

0.39 (0.38%)

03/08/13
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  • 08

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KNX

Knight-Swift

$47.83

-0.47 (-0.97%)

05:34
02/23/18
02/23
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05:34
Recommendations
Knight-Swift analyst commentary  »

Knight-Swift consensus…

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SBGL

Sibanye Gold

$4.05

-0.38 (-8.58%)

05:26
02/23/18
02/23
05:26
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05:26
Upgrade
Sibanye Gold rating change  »

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INGIF

Ingenico Group

05:23
02/23/18
02/23
05:23
02/23/18
05:23
Downgrade
Ingenico Group rating change  »

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MOMO

Momo

$30.53

-1.44 (-4.50%)

05:22
02/23/18
02/23
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05:22
Hot Stocks
Momo acquires Tantan in cash, stock transaction »

Momo announced that it…

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GDDY

GoDaddy

$55.43

-0.27 (-0.48%)

05:20
02/23/18
02/23
05:20
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05:20
Recommendations
GoDaddy analyst commentary  »

GoDaddy price target…

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  • 26

    Feb

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    Mar

SRE

Sempra Energy

$106.64

1.21 (1.15%)

05:19
02/23/18
02/23
05:19
02/23/18
05:19
Hot Stocks
Sempra Energy raises annualized dividend by 9% to $3.58 per share »

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  • 27

    Feb

MB

Mindbody

$35.55

2.2 (6.60%)

05:18
02/23/18
02/23
05:18
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05:18
Recommendations
Mindbody analyst commentary  »

Mindbody price target…

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  • 26

    Feb

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FNGN

Financial Engines

$29.95

-0.45 (-1.48%)

05:17
02/23/18
02/23
05:17
02/23/18
05:17
Upgrade
Financial Engines rating change  »

Financial Engines…

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OKTA

Okta

$35.82

0.49 (1.39%)

05:14
02/23/18
02/23
05:14
02/23/18
05:14
Initiation
Okta initiated  »

Okta initiated with a Buy…

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  • 26

    Feb

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    Mar

COTV

Cotiviti Holdings

$34.21

-0.32 (-0.93%)

05:11
02/23/18
02/23
05:11
02/23/18
05:11
Downgrade
Cotiviti Holdings rating change  »

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ARD

Ardagh Group

$19.01

0.8 (4.39%)

05:09
02/23/18
02/23
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Ardagh Group analyst commentary  »

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BSX

Boston Scientific

$26.48

-0.29 (-1.08%)

05:03
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02/23
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Initiation
Boston Scientific initiated  »

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  • 26

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SGMO

Sangamo

$25.40

3.2 (14.41%)

, GILD

Gilead

$79.40

-1.29 (-1.60%)

05:00
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05:00
Recommendations
Sangamo, Gilead analyst commentary  »

Sangamo price target…

SGMO

Sangamo

$25.40

3.2 (14.41%)

GILD

Gilead

$79.40

-1.29 (-1.60%)

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EMN

Eastman Chemical

$101.51

0.42 (0.42%)

04:55
02/23/18
02/23
04:55
02/23/18
04:55
Conference/Events
Eastman Chemical management to meet with Jefferies »

Meeting to be held in New…

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  • 23

    Feb

04:55
02/23/18
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04:55
General news
Breaking General news story  »

Week of 2/23 Baker-Hughes…

04:55
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General news
Breaking General news story  »

San Francisco Federal…

UMICY

Umicore

$14.37

-0.185 (-1.27%)

04:55
02/23/18
02/23
04:55
02/23/18
04:55
Conference/Events
Umicore management to meet with JPMorgan »

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  • 23

    Feb

GVA

Granite Construction

$60.58

1.04 (1.75%)

04:55
02/23/18
02/23
04:55
02/23/18
04:55
Conference/Events
Granite Construction management to meet with MKM Partners »

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  • 23

    Feb

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LYG

Lloyds Banking

$3.92

-0.03 (-0.76%)

04:55
02/23/18
02/23
04:55
02/23/18
04:55
Conference/Events
Lloyds Banking management to meet with UBS »

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03/08/13
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  • 23

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