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NWL

Newell Brands

$25.79

-0.43 (-1.64%)

, JPM

JPMorgan

$109.09

-2.79 (-2.49%)

06:25
04/09/18
04/09
06:25
04/09/18
06:25

Newell Brands starts selling assets ahead of investor face-off, NY Post reports

Newell Brands (NWL) has started to auction assets before its May 15 annual meeting when the company and Carl Icahn are expected to square off against activist Starboard Value, the New York Post reports, citing sources. The company, which is planning to sell brands for approximately $10B, has hire JPMorgan (JPM) and is looking to sell packaging manufacturer Waddington for over $2B. Reference Link

NWL

Newell Brands

$25.79

-0.43 (-1.64%)

JPM

JPMorgan

$109.09

-2.79 (-2.49%)

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    Oct

NWL Newell Brands
$25.79

-0.43 (-1.64%)

03/27/18
03/27/18
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. Newell Brands (NWL) downgraded to Hold from Buy at SunTrust with analyst William Chappell saying the stock is in "no-man's land" for a few quarters after its decision to increase its asset sale to $10B from $6B without disclosing which assets are sold following its recent agreement with activist shareholder Starboard Value. 2. Macerich (MAC) and Simon Property (SPG) were downgraded to Neutral from Overweight at JPMorgan. 3. Kimco Realty (KIM) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Richard Hill saying he is cautious on REITs in general, but higher quality strips are better positioned to mitigate decelerating growth risks. 4. Range Resources (RRC) downgraded to Market Perform from Outperform at Bernstein with analyst Bob Brackett saying he believes gas levered names, particularly those with significant debt loads, are likely to struggle as gas prices compress cash margins. 5. Dominion Midstream (DM) downgraded to In Line from Outperform at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/27/18
RHCO
03/27/18
DOWNGRADE
Target $30
RHCO
Hold
Newell Brands downgraded to Hold from Buy at SunTrust
SunTrust analyst William Chappell downgraded Newell Brands to Hold from Buy and lowered his price target to $30 from $35. Chappell says the stock is in "no-man's land" for a few quarters after its decision to increase its asset sale to $10B from $6B without disclosing which assets are sold following its recent agreement with activist shareholder Starboard Value. Chappell adds that it is difficult to assess the company's fundamentals and recommend the stock when the makeup of its business is unclear.
03/19/18
JPMS
03/19/18
NO CHANGE
JPMS
Newell Brands likely to get worse before better, says JPMorgan
JPMorgan analyst Andrea Teixeira said that while the Carl Icahn-nominated board appointees should "provide comfort around the stability of the company's performance ahead," Newell's performance is "likely to get worse in the near term" before it improves, and the company will still has a proxy battle with Starboard to deal with despite the Icahn agreement. Teixeira maintained a Neutral rating on Newell shares, but raised his price target to $28 from $26.
03/19/18
JEFF
03/19/18
NO CHANGE
JEFF
Newell Brands agreement with Icahn a win for CEO Polk, says Jefferies
Jefferies analyst Kevin Grundy noted that Newell Brands reached an agreement with activist investor Carl Icahn to appoint five directors nominated by Icahn to the company's board, a board which totals eleven directors. In exchange, Icahn agreed to vote all his shares -- he disclosed a 6.9% stake in Newell -- in favor of Newell's nominees. The firm believes that while this news may come as a surprise, it will lead to the shares trading up, and called it a "big win" for CEO Michael Polk, despite the five seats given up being "a hefty price." Jefferies maintained a Hold rating and $29 price target on Newell shares.
JPM JPMorgan
$109.09

-2.79 (-2.49%)

04/02/18
KEYB
04/02/18
NO CHANGE
KEYB
Efforts to strengthen in-store healthcare offering positive for Walmart, says KeyBanc
KeyBanc analyst Edward Yruma notes that the push to provide consumer-driven and lower-cost healthcare continues its push into retail as The Wall Street Journal reports that Walmart (WMT) is in discussions to acquire or develop a closer partnership Humana (HUM). This is on the heels of Amazon's (AMZN) recent JV with Berkshire Hathaway (BRK.A; BRK.B) and JPMorgan (JPM) to provide healthcare for employees, he adds. The analyst views any efforts to strengthen the in-store healthcare offering as a positive for Walmart's stock.
03/22/18
EDJN
03/22/18
UPGRADE
EDJN
Buy
JPMorgan upgraded earlier to Buy from Hold at Edward Jones
02/21/18
JEFF
02/21/18
NO CHANGE
JEFF
JPMorgan price target raised to $131 from $124 at Jefferies
Jefferies analyst Ken Usdin raised his price target on JPMorgan to $131 from $124, as well his FY18/FY19 EPS estimates for the company, ahead of JPMorgan's Investor Day on February 27, where Usdin expects to hear an "upbeat message about the macro backdrop, organic growth, and ongoing investments." Usdin maintained a Buy rating on JPMorgan shares.
02/21/18
MSCO
02/21/18
NO CHANGE
Target $136
MSCO
Overweight
Morgan Stanley sees JPMorgan turning tax savings into market share gains
Morgan Stanley analyst Betsy Graseck raised her 2022 EPS estimate for JPMorgan (JPM) by 2%, or 34c, stating that she expects the bank to reach top 5 in the 15-20 new markets it previously said it will use a part of its tax savings reinvestments to enter. The 34c in EPS she estimates JPMorgan can add by building out its presence in 20 new markets by 2022 is "far more compelling" than using the same amount of money to buy back stock, which would increase 2022 EPS only 5c, said Graseck. The analyst sees about a third of JPMorgan's new deposit share gains to come from Wells Fargo (WFC) and cut her 2022 EPS forecast for the latter by 1.2%. Graseck keeps an Overweight rating on JPMorgan ahead of the bank's February 27 investor day and increased her price target on the stock to $136 from $133.

TODAY'S FREE FLY STORIES

CNMD

CONMED

$63.14

1.36 (2.20%)

21:15
04/25/18
04/25
21:15
04/25/18
21:15
Recommendations
CONMED analyst commentary at Piper Jaffray »

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SSNLF

Samsung

20:48
04/25/18
04/25
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20:48
Hot Stocks
Samsung sees Q2 DRAM demand to stay solid and NAND demand to strengthen »

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    May

AXS

Axis Capital

$56.82

-0.255 (-0.45%)

20:34
04/25/18
04/25
20:34
04/25/18
20:34
Earnings
Axis Capital reports Q1 adjusted EPS $1.46, consensus $1.16 »

Reports Q1 revenue…

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VERI

Veritone

$16.92

-0.18 (-1.05%)

20:31
04/25/18
04/25
20:31
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20:31
Hot Stocks
Veritone to integrate BrainChip Holding AI machine learning applications »

BrainChip Holdings…

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ENB

Enbridge

$29.27

-0.13 (-0.44%)

, EEP

Enbridge Energy

$10.55

0.29 (2.83%)

20:28
04/25/18
04/25
20:28
04/25/18
20:28
Hot Stocks
Enbridge completes assessment of judge recommendations on Line 3 replacement »

After review of the…

ENB

Enbridge

$29.27

-0.13 (-0.44%)

EEP

Enbridge Energy

$10.55

0.29 (2.83%)

03/08/13
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03/06/13
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03/06/13
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  • 09

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PEP

PepsiCo

$101.11

-0.32 (-0.32%)

, ABBV

AbbVie

$91.91

0.57 (0.62%)

20:25
04/25/18
04/25
20:25
04/25/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

PEP

PepsiCo

$101.11

-0.32 (-0.32%)

ABBV

AbbVie

$91.91

0.57 (0.62%)

UNP

Union Pacific

$136.11

3.3 (2.48%)

UPS

UPS

$108.54

0.34 (0.31%)

BMY

Bristol-Myers

$51.78

0.2 (0.39%)

COP

ConocoPhillips

$65.07

-0.24 (-0.37%)

TWX

Time Warner

$96.27

0.25 (0.26%)

RTN

Raytheon

$213.25

-5.5 (-2.51%)

CME

CME Group

$161.07

-0.52 (-0.32%)

GM

General Motors

$38.10

0.18 (0.47%)

ITW

Illinois Tool Works

$151.68

2.1 (1.40%)

SPGI

S&P Global

$189.68

0.62 (0.33%)

VLO

Valero

$108.68

0.37 (0.34%)

PX

Praxair

$149.84

3.05 (2.08%)

LUV

Southwest

$53.85

-0.03 (-0.06%)

HLT

Hilton

$81.85

-0.19 (-0.23%)

RCL

Royal Caribbean

$118.49

1.2 (1.02%)

ALXN

Alexion

$106.07

-0.37 (-0.35%)

IP

International Paper

$53.44

0.68 (1.29%)

MGM

MGM Resorts

$35.32

-0.2 (-0.56%)

HSY

Hershey

$93.51

0.7 (0.75%)

DHI

D.R. Horton

$44.94

1.195 (2.73%)

NLSN

Nielsen

$34.34

0.835 (2.49%)

DPZ

Domino's Pizza

$233.00

0.925 (0.40%)

TSCO

Tractor Supply

$62.21

1 (1.63%)

DNKN

Dunkin' Brands

$62.13

0.92 (1.50%)

CRI

Carter's

$104.96

0.95 (0.91%)

TREE

LendingTree

$307.20

-20.45 (-6.24%)

SAVE

Spirit Airlines

$37.64

-0.615 (-1.61%)

KBR

KBR

$16.02

-0.255 (-1.57%)

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

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ROK

Rockwell Automation

$167.30

5.335 (3.29%)

20:08
04/25/18
04/25
20:08
04/25/18
20:08
Downgrade
Rockwell Automation rating change at Vertical Research »

Rockwell Automation…

03/08/13
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  • 25

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SNDE

Sundance Energy

$4.53

-0.03 (-0.66%)

, PXD

Pioneer Natural

$198.97

2.96 (1.51%)

20:02
04/25/18
04/25
20:02
04/25/18
20:02
Hot Stocks
Sundance Energy Australia acquires Eagle Ford assets, announces equity raise »

Sundance Energy Australia…

SNDE

Sundance Energy

$4.53

-0.03 (-0.66%)

PXD

Pioneer Natural

$198.97

2.96 (1.51%)

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

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    May

SSNLF

Samsung

19:51
04/25/18
04/25
19:51
04/25/18
19:51
Earnings
Samsung reports Q1 net profit KRW 11.61T »

Compares to…

03/08/13
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03/06/13
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  • 18

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CHKP

Check Point

$96.33

-6.62 (-6.43%)

19:42
04/25/18
04/25
19:42
04/25/18
19:42
Recommendations
Check Point analyst commentary at Jefferies »

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  • 25

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QTS

QTS Realty Trust

$34.04

0.31 (0.92%)

19:35
04/25/18
04/25
19:35
04/25/18
19:35
Recommendations
QTS Realty Trust analyst commentary at MUFG »

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  • 01

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STB

Student Transportation

19:23
04/25/18
04/25
19:23
04/25/18
19:23
Hot Stocks
Student Transportation obtains court order approving Spinner Can Acquireco deal »

Student Transportation is…

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NCMGY

Newcrest Mining

19:15
04/25/18
04/25
19:15
04/25/18
19:15
Hot Stocks
Newcrest Mining reports Q3 gold production 576K oz, down 6% from last quarter »

Reports Q3 copper…

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PSA

Public Storage

$193.62

-0.115 (-0.06%)

19:04
04/25/18
04/25
19:04
04/25/18
19:04
Hot Stocks
Public Storage names Natalia Johnson chief HR officer »

Ronald L. Havner, Jr.,…

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  • 25

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CADE

Cadence Bancorp

$28.80

-0.14 (-0.48%)

19:03
04/25/18
04/25
19:03
04/25/18
19:03
Earnings
Cadence Bancorp reports Q1 EPS 46c, consensus 44c »

Reports Q1 revenue…

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  • 26

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USAK

USA Truck

$25.56

-0.84 (-3.18%)

19:02
04/25/18
04/25
19:02
04/25/18
19:02
Hot Stocks
USA Truck names Tim Guin as EVP and Chief Commercial Officer »

USA Truck announced that…

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03/06/13
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BCS

Barclays

$12.01

-0.085 (-0.70%)

, PYPL

PayPal

$74.00

-1.29 (-1.71%)

19:01
04/25/18
04/25
19:01
04/25/18
19:01
Hot Stocks
Barclays, PayPal announces strategic partnership »

Barclays (BCS) announced…

BCS

Barclays

$12.01

-0.085 (-0.70%)

PYPL

PayPal

$74.00

-1.29 (-1.71%)

03/08/13
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03/06/13
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ORLY

O'Reilly Automotive

$228.03

3.31 (1.47%)

, CMG

Chipotle

$339.30

6.4 (1.92%)

19:00
04/25/18
04/25
19:00
04/25/18
19:00
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

ORLY

O'Reilly Automotive

$228.03

3.31 (1.47%)

CMG

Chipotle

$339.30

6.4 (1.92%)

PCMI

PCM, Inc.

$10.60

0.1 (0.95%)

AMD

AMD

$9.72

-0.37 (-3.67%)

FB

Facebook

$159.69

0.03 (0.02%)

ECHO

Echo Global

$27.80

0.15 (0.54%)

XLNX

Xilinx

$63.70

-0.34 (-0.53%)

PYPL

PayPal

$74.00

-1.29 (-1.71%)

ALGN

Align Technology

$245.24

5.72 (2.39%)

CTXS

Citrix

$96.54

0.04 (0.04%)

V

Visa

$121.00

-0.41 (-0.34%)

CLGX

CoreLogic

$43.85

-0.57 (-1.28%)

F

Ford

$11.11

0.16 (1.46%)

QCOM

Qualcomm

$49.77

-0.17 (-0.34%)

LVS

Las Vegas Sands

$72.42

-1.38 (-1.87%)

LM

Legg Mason

$37.64

0.25 (0.67%)

INTU

Intuit

$176.38

-2.25 (-1.26%)

TWTR

Twitter

$29.88

-0.6 (-1.97%)

FARO

FARO Technologies

$60.50

-1.85 (-2.97%)

LMAT

LeMaitre

$39.00

0.19 (0.49%)

UHS

Universal Health

$122.03

1.5 (1.24%)

EBAY

eBay

$40.98

-0.2 (-0.49%)

T

AT&T

$35.19

0.19 (0.54%)

KEX

Kirby

$82.95

-1.85 (-2.18%)

GG

Goldcorp

$13.97

-0.38 (-2.65%)

BMRN

BioMarin

$81.41

0.33 (0.41%)

03/08/13
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03/06/13
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NBIX

Neurocrine

$78.13

-0.3 (-0.38%)

18:59
04/25/18
04/25
18:59
04/25/18
18:59
Hot Stocks
Neurocrine says Ingrezza improved TD symptoms regardless of body region »

Neurocrine Biosciences…

03/08/13
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  • 30

    Apr

AZPN

Aspen Technology

$85.50

0.39 (0.46%)

18:54
04/25/18
04/25
18:54
04/25/18
18:54
Earnings
Aspen Technology raises FY18 adj. EPS view to $2.24-$2.27 from $2.16-$2.21 »

Consensus $2.21. Raises…

03/08/13
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AZPN

Aspen Technology

$85.50

0.39 (0.46%)

18:53
04/25/18
04/25
18:53
04/25/18
18:53
Earnings
Aspen Technology sees Q4 adjusted EPS 53c-55c, consensus 57c »

Sees Q4 revenue…

03/08/13
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03/06/13
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03/06/13
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ESV

Ensco

$6.03

-0.15 (-2.43%)

18:52
04/25/18
04/25
18:52
04/25/18
18:52
Earnings
Ensco reports Q1 adjusted EPS (32c), consensus (27c) »

Reports Q1 revenue…

03/08/13
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03/06/13
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03/06/13
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  • 26

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CLB

Core Laboratories

$120.25

2.07 (1.75%)

18:50
04/25/18
04/25
18:50
04/25/18
18:50
Earnings
Core Laboratories sees Q2 EPS 64c-66c, consensus 66c »

Expects Q2 revenue…

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SPY

SPDR S&P 500 ETF Trust

$263.64

0.52 (0.20%)

, SPX

S&P 500

18:47
04/25/18
04/25
18:47
04/25/18
18:47
Periodicals
Breaking Periodicals news story on SPDR S&P 500 ETF Trust, S&P 500 »

France's Macron sees…

SPY

SPDR S&P 500 ETF Trust

$263.64

0.52 (0.20%)

SPX

S&P 500

03/08/13
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Samsung

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Periodicals
Breaking Periodicals news story on Samsung »

Samsung to sell Hanwha…

03/08/13
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