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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

$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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C

Citi

$64.19

0.69 (1.09%)

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DPZ

Domino's Pizza

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ZIOP

Ziopharm

$2.85

0.17 (6.34%)

14:04
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MSI

Motorola Solutions

$129.48

0.715 (0.56%)

14:02
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Motorola Solutions boosts quarterly dividend by 10% to 57c »

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FB

Facebook

$143.17

-1.08 (-0.75%)

13:58
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  • 28

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SPY

SPDR S&P 500 ETF Trust

$271.90

1.71 (0.63%)

, SPX

S&P 500

$0.00

(0.00%)

13:57
11/15/18
11/15
13:57
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13:57
Periodicals
U.S., China step up effort to strike G20 truce on trade, FT reports »

The U.S. and China have…

SPY

SPDR S&P 500 ETF Trust

$271.90

1.71 (0.63%)

SPX

S&P 500

$0.00

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13:55
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General news
U.S. equities snapped back into the green »

U.S. equities snapped…

IAC

IAC

$180.83

0.23 (0.13%)

13:50
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Rock Holdings acquires Dictionary.com, Thesaurus.com from IAC »

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FLR

Fluor

$46.20

1.49 (3.33%)

13:48
11/15/18
11/15
13:48
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13:48
Conference/Events
Fluor to host investor day »

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RCMT

RCM Technologies

$4.03

0.03 (0.75%)

13:48
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RCM Technologies announces acquisition of Thermal Kinetics, terms not disclosed »

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RARE

Ultragenyx

$51.33

2.92 (6.03%)

13:45
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Conference/Events
Ultragenyx haqs a conference call hosted by JPMorgan »

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VIAB

Viacom

$31.87

0.07 (0.22%)

, VIA

Viacom

$35.23

-0.1 (-0.28%)

13:41
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

VIAB

Viacom

$31.87

0.07 (0.22%)

VIA

Viacom

$35.23

-0.1 (-0.28%)

HP

Helmerich & Payne

$59.45

1.15 (1.97%)

03/08/13
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NVDA

Nvidia

$201.85

4.63 (2.35%)

, AMAT

Applied Materials

$34.94

1.35 (4.02%)

13:41
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11/15
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13:41
Earnings
Notable companies reporting after market close »

Notable companies…

NVDA

Nvidia

$201.85

4.63 (2.35%)

AMAT

Applied Materials

$34.94

1.35 (4.02%)

POST

Post Holdings

$91.15

-0.43 (-0.47%)

WSM

Williams-Sonoma

$60.67

-1.09 (-1.76%)

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PPL

PPL Corp.

$30.56

-1.63 (-5.06%)

13:35
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Options
PPL Corp. put volume heavy and directionally bearish »

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PCG

PG&E

$19.07

-6.59 (-25.68%)

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MSGN

MSG Networks

$25.48

-0.53 (-2.04%)

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13:20
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Atlanta Fed's Q4 GDPNow estimate was trimmed to 2.8% »

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CVS

CVS Health

$79.23

-0.69 (-0.86%)

, AET

Aetna

$207.58

-0.58 (-0.28%)

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CVS

CVS Health

$79.23

-0.69 (-0.86%)

AET

Aetna

$207.58

-0.58 (-0.28%)

WCG

WellCare

$246.88

-4.14 (-1.65%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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Technical Analysis
NASDAQ market internals summary »

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CCO

Clear Channel Outdoor

$5.51

0.19 (3.57%)

, OUT

Outfront Media

$21.01

0.32 (1.55%)

13:16
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Periodicals
Clear Channel Outdoor rises after JCDecaux CEO expresses takeover interest »

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CCO

Clear Channel Outdoor

$5.51

0.19 (3.57%)

OUT

Outfront Media

$21.01

0.32 (1.55%)

JCDXF

JCDecaux

$0.00

(0.00%)

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  • 15

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
11/15/18
11/15
13:16
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13:16
Technical Analysis
NYSE market internals summary »

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13:15
11/15/18
11/15
13:15
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13:15
General news
Atlanta Fed dove Bostic wants to "proceed cautiously" »

Atlanta Fed dove Bostic…

FB

Facebook

$142.11

-2.14 (-1.48%)

13:12
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13:12
Hot Stocks
Facebook comments on progress enforcing community standards »

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