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FMCI

Forum Merger

$9.63

-0.47 (-4.65%)

, ARW

Arrow Electronics

$80.19

1.78 (2.27%)

08:55
02/15/18
02/15
08:55
02/15/18
08:55

Arrow Electronics selling Systems Integration business to ConvergeOne

Arrow Electronics (ARW) has signed an agreement to sell its Systems Integration business, specializing in unified communications, contact center, and voice and data technologies, to ConvergeOne, a global IT services provider of collaboration and technology solutions. Completion of the transaction is expected to occur within 30 days. ConvergeOne has entered into a definitive agreement with Forum Merger (FMCI), a special purpose acquisition company.

FMCI

Forum Merger

$9.63

-0.47 (-4.65%)

ARW

Arrow Electronics

$80.19

1.78 (2.27%)

FMCI Forum Merger
$9.63

-0.47 (-4.65%)

ARW Arrow Electronics
$80.19

1.78 (2.27%)

09/01/17
SBSH
09/01/17
NO CHANGE
Target $100
SBSH
Neutral
Tech Data price target lowered to $100 from $115 at Citi
Citi analyst Jim Suva explains why shares of Tech Data (TECD) dropped 20% on last night's disappointing earnings report. The cloud is gaining traction, allowing some vendors to shift products internally as well as less distributor rebates, which is resulting in increased competition and lower financial incentives, Suva tells investors in a post-earnings research note. He views Tech Data's earnings report as a negative for Sell-rated Arrow Electronics (ARW) and Avnet (AVT) as well as Neutral-rated Synnex (SNX), but a positive for HP Inc. (HPQ) and Apple (AAPL) as top line sales of PCs and smartphones are doing well. Suva cut his price target for Tech Data shares to $100 from $115 and keeps a Neutral rating on the name.
01/05/18
GSCO
01/05/18
UPGRADE
Target $38
GSCO
Neutral
Avnet upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Mark Delaney upgraded Avnet to Neutral and raised his price target for the shares to $38 from $34. With 2018 consensus earnings estimates down 17% since February 2017, the primary catalyst of share loss to Arrow (ARW) and margin pressure from Texas Instruments (TXN) reducing distributor incentives has now played out, Delaney tells investors in a research note.
01/19/18
01/19/18
UPGRADE
Target $50

Buy
Avnet upgraded to Buy after connector and semi checks at Longbow
As previously reported, Longbow analyst Shawn Harrison upgraded Avnet (AVT) to Buy from Neutral after increasing his semi and connector forecasts, in most cases above consensus, for calendar Q4 and both Q1 and 2018. Contacts now expect that market tightness will not subside until after the second quarter of 2018, added Harrison, who set a $50 price target on Avnet shares. Citing the checks, Harrison also increased his price target on Arrow Electronics (ARW) to $100 from $96, on ON Semiconductor (ON) to $28 from $26 and on TE Connectivity (TEL) to $110 from $103. He maintains Buy ratings on those three stocks.
02/12/18
RAJA
02/12/18
UPGRADE
Target $93
RAJA
Strong Buy
Arrow Electronics upgraded to Strong Buy from Market Perform at Raymond James
Raymond James analyst Adam Tindle upgraded Arrow Electronics (ARW) to Strong Buy and established a $93 price target. The analyst believes modest revenue growth with margin expansion and solid cash generation will result in strong relative outperformance. In addition, Tindle believes structural industry changes are well known and thinks the bear case is losing steam noting margin declines improved in Q4, competitors are seeing margin improvement related to supplier programs, other suppliers are using distribution as an opportunity to take share from Texas Instruments (TXN), and Arrow's Q4 results indicate the company can generate operating leverage even with low gross margins.

TODAY'S FREE FLY STORIES

SRC

Spirit Realty

$37.60

0.54 (1.46%)

11:31
03/21/19
03/21
11:31
03/21/19
11:31
Conference/Events
Spirit Realty management to meet with Mizuho »

Meetings to be held in…

03/08/13
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  • 27

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  • 09

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WFC

Wells Fargo

$49.32

-1.07 (-2.12%)

, GS

Goldman Sachs

$193.30

-0.97 (-0.50%)

11:27
03/21/19
03/21
11:27
03/21/19
11:27
Periodicals
Wells Fargo in talks to hire former Goldman co-COO as its CEO, NY Post reports »

Wells Fargo (WFC) is in…

WFC

Wells Fargo

$49.32

-1.07 (-2.12%)

GS

Goldman Sachs

$193.30

-0.97 (-0.50%)

03/08/13
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  • 13

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FB

Facebook

$165.28

-0.19 (-0.11%)

11:26
03/21/19
03/21
11:26
03/21/19
11:26
Periodicals
Facebook stored user passwords in plain text for years, KrebsOnSecurity says »

Hundreds of millions of…

03/08/13
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WDC

Western Digital

$50.60

3.43 (7.27%)

11:25
03/21/19
03/21
11:25
03/21/19
11:25
Options
Western Digital call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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03/06/13
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11:25
03/21/19
03/21
11:25
03/21/19
11:25
General news
Treasury Action: the yield curve is a big topic of conversation »

Treasury Action: the…

11:25
03/21/19
03/21
11:25
03/21/19
11:25
Conference/Events
JPMorgan medtech analyst to hold a group luncheon »

Medtech Analyst Marcus…

PEB

Pebblebrook Hotel

$32.07

0.34 (1.07%)

11:21
03/21/19
03/21
11:21
03/21/19
11:21
Conference/Events
Pebblebrook Hotel management to meet with RBC Capital »

Meeting to be held in…

03/08/13
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  • 21

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BIIB

Biogen

$230.10

-90.37 (-28.20%)

11:21
03/21/19
03/21
11:21
03/21/19
11:21
Downgrade
Biogen rating change  »

Biogen downgraded to Hold…

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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  • 25

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  • 01

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AGCO

Agco

$68.12

0.15 (0.22%)

11:20
03/21/19
03/21
11:20
03/21/19
11:20
Conference/Events
Agco management to meet with RBC Capital »

Meeting to be held in…

03/08/13
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03/06/13
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  • 21

    Mar

IEX

IDEX Corp.

$150.73

2.31 (1.56%)

11:19
03/21/19
03/21
11:19
03/21/19
11:19
Conference/Events
IDEX Corp. management to meet with RBC Capital »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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  • 21

    Mar

ITGR

Integer

$85.72

0.28 (0.33%)

11:18
03/21/19
03/21
11:18
03/21/19
11:18
Conference/Events
Integer management to meet with RBC Capital »

Meeting to be held in…

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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  • 21

    Mar

  • 02

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  • 03

    Apr

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
03/21/19
03/21
11:17
03/21/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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EB

Eventbrite

$20.84

0.75 (3.73%)

11:16
03/21/19
03/21
11:16
03/21/19
11:16
Conference/Events
Eventbrite management to meet with RBC Capital »

Meeting to be held in…

03/08/13
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03/06/13
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  • 21

    Mar

$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
03/21/19
03/21
11:16
03/21/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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RCL

Royal Caribbean

$116.64

0.55 (0.47%)

11:15
03/21/19
03/21
11:15
03/21/19
11:15
Options
Royal Caribbean put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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11:15
03/21/19
03/21
11:15
03/21/19
11:15
General news
7-Yr Note Announcement CUSIP Number data reported »

7-Yr Note Announcement…

11:15
03/21/19
03/21
11:15
03/21/19
11:15
General news
7-Yr Note Announcement Offering Amount data reported »

7-Yr Note Announcement…

11:15
03/21/19
03/21
11:15
03/21/19
11:15
General news
Breaking General news story  »

4-Week Bill Auction to be…

11:15
03/21/19
03/21
11:15
03/21/19
11:15
General news
Breaking General news story  »

8-Week Bill Auction to be…

11:14
03/21/19
03/21
11:14
03/21/19
11:14
General news
2-Yr Note Announcement CUSIP Number data reported »

2-Yr Note Announcement…

11:14
03/21/19
03/21
11:14
03/21/19
11:14
General news
2-Yr Note Announcement Offering Amount data reported »

2-Yr Note Announcement…

YELP

Yelp

$34.73

0.09 (0.26%)

11:14
03/21/19
03/21
11:14
03/21/19
11:14
Conference/Events
Yelp management to meet with RBC Capital »

Meeting to be held in San…

03/08/13
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  • 21

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11:10
03/21/19
03/21
11:10
03/21/19
11:10
General news
52-Week Bill Announcement CUSIP Number data reported »

52-Week Bill Announcement…

11:09
03/21/19
03/21
11:09
03/21/19
11:09
General news
52-Week Bill Announcement Offering Amount data reported »

52-Week Bill Announcement…

11:09
03/21/19
03/21
11:09
03/21/19
11:09
General news
2-Yr FRN Note Announcement Offering Amount data reported »

2-Yr FRN Note…

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