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EVHC

Envision Healthcare

$38.23

0.44 (1.16%)

, KKR

KKR

$20.13

0.12 (0.60%)

09:56
04/09/18
04/09
09:56
04/09/18
09:56

Five suitors said to eye Envision as presentations wrap up, Dealreporter says

Envision Healthcare (EVHC), which is understood to have wrapped up management presentations for suitors, is said to be pursued by five groups - KKR (KKR); Blackstone (BX) portfolio company Team Health; CVC Capital paired with Leonard Green; a Hellman & Friedman, Onex and Clayton Dubilier & Rice consortium; and Carlyle Group (CG) partnering with TPG - said Dealreporter, according to contacts.

EVHC

Envision Healthcare

$38.23

0.44 (1.16%)

KKR

KKR

$20.13

0.12 (0.60%)

BX

Blackstone

$31.01

(0.00%)

CG

Carlyle Group

$20.25

-0.65 (-3.11%)

  • 11

    Apr

  • 12

    Apr

  • 19

    Apr

EVHC Envision Healthcare
$38.23

0.44 (1.16%)

03/15/18
JEFF
03/15/18
NO CHANGE
Target $46
JEFF
Buy
Envision selloff yesterday a buying opportunity, says Jefferies
Jefferies analyst Brian Tanquilut views yesterday's selloff in shares of Envision Healthcare (EVHC) following news that UnitedHealth (UNH) dropped out of the bidding process for the company's ASC segment as an overreaction. The analyst continues to believe that the board's strategic review will result in a sale of Envision. He believes yesterday's pullback provides a "compelling entry opportunity." His leveraged buyout analysis says a $50-plus per share takeout is possible. Tanquilut keeps a Buy rating on Envision Healthcare with a $46 price target.
03/07/18
JPMS
03/07/18
NO CHANGE
JPMS
Overweight
Envision leveraged buyout in $40-$50 range still plausible, says JPMorgan
JPMorgan analyst Gary Taylor continue to believe a leveraged buyout of Envision Healthcare (EVHC) in the $40-$50 per share range is plausible. UnitedHealth's (UNH) reported interest in Envision's ambulatory surgery segment is a "potential positive catalyst," Taylor tells investors in a research note. He says this could skew his thinking towards the upper half of the estimated LBO range. The analyst keeps an Overweight rating on Envision shares.
03/07/18
BARD
03/07/18
NO CHANGE
Target $50
BARD
Outperform
Envision Healthcare price target raised to $50 from $45 at Baird
Baird analyst Whit Mayo raised his price target on Envision Healthcare to $50 from $45 as he continues to believe the company will be sold and he believes investors have materially under-estimated the chances of strategic bidders engaging in the sales process. He believes a sale north of $50 is doable. Mayo reiterated his Outperform rating on Envision Healthcare shares.
03/01/18
RHCO
03/01/18
NO CHANGE
Target $45
RHCO
Buy
Envision Healthcare price target raised to $45 from $40 at SunTrust
SunTrust analyst David MacDonald raised his price target on Envision Healthcare to $45, saying the Q4 earnings call was upbeat with a focus on positive underlying trends, operational improvements, and FY18 expectations of transitioning its book of business to in-network. MacDonald keeps his Buy rating on SunTrust.
KKR KKR
$20.13

0.12 (0.60%)

11/28/17
SDLR
11/28/17
INITIATION
Target $21
SDLR
Hold
KKR resumed with a Hold at Sandler ONeill
Sandler O'Neill resumed coverage of KKR with a Hold rating and $21 price target.
01/09/18
GSCO
01/09/18
UPGRADE
Target $29
GSCO
Conviction Buy
KKR upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman Sachs analyst Alexander Blostein upgraded KKR to Conviction Buy and raised his price target for the shares to $29 from $24.50. The analyst sees the "evolution of KKR's business mix" leading to a more stable earnings profile and higher multiple over time. KKR remains the most inexpensive stock among alternative managers, Blostein tells investors in a research note.
01/10/18
FBCO
01/10/18
NO CHANGE
Target $31
FBCO
Outperform
KKR price target raised to $31 from $23 at Credit Suisse
Credit Suisse analyst Craig Siegenthaler raised his price target for KKR to $31 from $23 as he believes the macro backdrop should provide tailwinds for the Alternative Asset Managers while lower corporate tax rate should boost the valuation of their underlying portfolios. The analyst reiterates an Outperform rating on the shares.
01/30/18
MSCO
01/30/18
NO CHANGE
MSCO
Morgan Stanley says Ares may be first, Apollo may gain most from C-corp convert
Morgan Stanley analyst Michael Cyprys said he sees an opportunity for Alternative Asset Managers to unlock value by converting to C-corps, as shifting from a partnership structure could help alleviate some tax reporting complexities and expand the universe of eligible investors. He sees Ares Management (ARES) as possibly the first to convert and expects a potential announcement or indications of management's intentions about a conversion when the company reports earnings on February 15. While Ares may be first, Cyprys sees Apollo Global (APO) as potentially being able to unlock the most value from a conversion, with 26% near-term upside possible if the shares re-rate. He sees a less favorable conversion scenario for asset managers with lower taxes and/or greater exposure to performance fees, including KKR (KKR), Carlyle Group (CG) and Blackstone (BX), Cyprys tells investors.
BX Blackstone
$31.01

(0.00%)

01/31/18
MSCO
01/31/18
NO CHANGE
Target $40
MSCO
Overweight
Blackstone could be next disruptor, says Morgan Stanley
Following Blackstone's (BX) purchase of a 55% stake in Thomson Reuters' Financial and Risk business, Morgan Stanley analyst Michael Cyprys said Blackstone's deal signals the growing value in data and he sees opportunities for the asset manager to enhance its tool kit with big data and AI in order to bring transformational change to companies and industries. With nearly $100B in dry powder on which leverage can be applied, suggesting well over half trillion in spending power, Cyprys sees potential for Blackstone to act as a disruptor, he tells investors. The analyst keeps an Overweight rating and $40 price target on Blackstone shares.
03/20/18
DBAB
03/20/18
NO CHANGE
Target $126
DBAB
Buy
Celanese joint venture termination disappointing, says Deutsche Bank
Deutsche Bank analyst David Begleiter says the termination of Celanese's (CE) proposed acetate tow joint venture with Blackstone (BX) is disappointing, but not surprising. The odds of the combination being approved have been falling since October when the European Commission announced it had opened an in-depth investigation, Begleiter tells investors in a research note. The analyst lowered his price target for Celanese to $126 from $130 and keeps a Buy rating on the shares.
03/20/18
BARD
03/20/18
NO CHANGE
Target $130
BARD
Outperform
Baird reiterates Outperform rating on Celanese after tow JV terminated
Baird analyst Ghansham Panjabi reiterated his Outperform rating on Celanese (CE) following news that the company's joint venture with Blackstone's (BX) Rhodia Acetow business was terminated. In a research note to investors, Panjabi said that while the tow JV termination is "disappointing" and could weigh on shares, his long-term thesis is intact, as this outcome is "not overly surprising" given the extended timeline of the regulatory approvals process with the European Commission. He believes Celanese's management will remain "active" in its efforts to optimize the portfolio. The analyst has a $130 price target on shares.
03/27/18
RAJA
03/27/18
INITIATION
RAJA
Market Perform
Blackstone initiated with a Market Perform at Raymond James
CG Carlyle Group
$20.25

-0.65 (-3.11%)

02/14/18
JEFF
02/14/18
UPGRADE
Target $27
JEFF
Buy
Carlyle Group upgraded to Buy from Hold at Jefferies
Jefferies analyst Gerald E. O'Hara upgraded Carlyle Group to Buy and raised his price target for the shares to $27 from $23. The analyst sees an attractive entry point for the shares with the company at the midway point of a $100B fundraising cycle. He believes Carlyle's net accrued performance fees are poised for continued growth with all main drawdown funds currently in carry contribution.
03/12/18
SBSH
03/12/18
UPGRADE
Target $28.5
SBSH
Buy
Carlyle Group upgraded to Buy from Neutral at Citi
Citi analyst William Katz upgraded Carlyle Group to Buy and raised his price target for the shares to $28.50 from $25. The analyst sees a higher FRE outlook and believes the recent pullback in shares enhances the risk adjusted return.
03/12/18
03/12/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Time Warner (TWX) upgraded to Buy from Neutral at UBS with analyst John Hodulik saying while he expects the takeover by AT&T (T) to receive regulatory approval, he believes the current environment would make Time Warner's assets "highly attractive" to other media companies and Internet-based competitors were the deal to be blocked. 2. Carlyle Group (CG) and Apollo Global (APO) were upgraded to Buy from Neutral at Citi. 3. Merck (MRK) upgraded to Outperform from Market Perform at Leerink with analyst Seamus Fernandez saying Keytruda will continue to dominate the first-line non-small cell lung cancer market. 4. SAP (SAP) upgraded to Outperform from In Line at Evercore ISI with analyst Stewart Materne III saying that he believes the risk/reward is more attractive at current levels following the stock's 6% pullback. 5. Aratana Therapeutics (PETX) upgraded to Buy on valuation at CL King with the firm citing favorable risk/reward. 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
SBSH
03/27/18
NO CHANGE
SBSH
Citi says AkzoNobel free to think more strategically about M&A after divestiture
After AkzoNobel (AKZOY) announced the sale of its Specialty Chemicals business to Carlyle Group (CG) and GIC, Citi analyst P.J. Juvekar said the divestiture frees up the company to think more strategically about M&A. Akzo could go after Axalta (AXTA) again, but unless Akzo is prepared to pay a significant premium a deal is unlikely, said Juvekar. He thinks a price in the mid to high $30 range would be needed to get Axalta to the negotiating table. Akzo has thus far resisted a sale to PPG (PPG), but Juvekar thinks PPG would be interested if a deal were to be a friendly one.

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AQMS

Aqua Metals

$2.42

0.04 (1.68%)

16:15
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Aqua Metals CFO Francis Knuettel resigns »

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TSLA

Tesla

$335.46

-3.2 (-0.94%)

16:14
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08/16
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16:14
Periodicals
SEC presses Tesla directors for info on communications with Musk, WSJ says »

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MRK

Merck

$68.85

1.49 (2.21%)

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Eisai

$0.00

(0.00%)

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Hot Stocks
Merck, Eisai announce FDA approval of LENVIMA capsules »

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MRK

Merck

$68.85

1.49 (2.21%)

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Eisai

$0.00

(0.00%)

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  • 16

    Feb

ATGE

Adtalem Global Education

$55.60

-0.4 (-0.71%)

16:13
08/16/18
08/16
16:13
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16:13
Earnings
Breaking Earnings news story on Adtalem Global Education »

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ARAY

Accuray

$3.50

0.05 (1.45%)

16:12
08/16/18
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16:12
Hot Stocks
Accuray CFO Kevin Waters departing October 1, interim CFO appointed »

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  • 16

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HDSN

Hudson Technologies

$1.76

-0.07 (-3.83%)

16:12
08/16/18
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16:12
Hot Stocks
Hudson Technologies receives deficiency letter from Nasdaq »

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ATGE

Adtalem Global Education

$55.65

-0.35 (-0.63%)

16:11
08/16/18
08/16
16:11
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16:11
Earnings
Adtalem Global Education reports Q4 continuing operations EPS 86c, consensus 91c »

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  • 27

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ARAY

Accuray

$3.50

0.05 (1.45%)

16:11
08/16/18
08/16
16:11
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16:11
Earnings
Accuray sees FY19 revenue $415M-$425M, consensus $398.38M »

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  • 16

    Aug

AMAT

Applied Materials

$47.19

-0.3 (-0.63%)

16:11
08/16/18
08/16
16:11
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16:11
Hot Stocks
Breaking Hot Stocks news story on Applied Materials »

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  • 16

    Aug

ATAI

ATA Inc.

$6.80

0.06 (0.89%)

16:09
08/16/18
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16:09
Hot Stocks
ATA Inc. to acquire Beijing Biztour »

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MAT

Mattel

$15.17

-0.11 (-0.72%)

16:08
08/16/18
08/16
16:08
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16:08
Hot Stocks
Mattel names Steve Totzke as Chief Commercial Officer »

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AMAT

Applied Materials

$47.25

-0.24 (-0.51%)

16:08
08/16/18
08/16
16:08
08/16/18
16:08
Hot Stocks
Breaking Hot Stocks news story on Applied Materials »

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  • 16

    Aug

JWN

Nordstrom

$52.11

0.25 (0.48%)

16:08
08/16/18
08/16
16:08
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16:08
Earnings
Nordstrom raises FY18 EPS view to $3.50-$3.65 from $3.35-$3.55 »

Consensus $3.46. Raises…

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  • 16

    Aug

PFNX

Pfenex

$4.77

0.07 (1.49%)

16:08
08/16/18
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16:08
Hot Stocks
Pfenex CMO Dr. Hubert Chen resigns »

Pfenex announced that Dr.…

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ARAY

Accuray

$3.50

0.05 (1.45%)

16:07
08/16/18
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16:07
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Earnings
Accuray reports Q4 EPS (1c), consensus (2c) »

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  • 16

    Aug

ICFI

ICF International

$80.65

1.15 (1.45%)

16:07
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Hot Stocks
ICF International awarded $20M task order from DHIS »

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ZOES

Zoe's Kitchen

$9.48

(0.00%)

16:07
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16:07
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16:07
Hot Stocks
Zoe's Kitchen postpones earnings release, conference call until August 17 »

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  • 16

    Aug

JWN

Nordstrom

$52.13

0.27 (0.52%)

16:06
08/16/18
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16:06
Earnings
Nordstrom reports Q2 EPS 95c, consensus 84c »

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  • 16

    Aug

AMAT

Applied Materials

$47.26

-0.23 (-0.48%)

16:06
08/16/18
08/16
16:06
08/16/18
16:06
Earnings
Applied Materials sees FY18 EPS $4.41-$4.49, consensus $4.59 »

Sees FY18 revenue…

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  • 16

    Aug

EDIT

Editas Medicine

$29.80

0.7 (2.41%)

16:05
08/16/18
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16:05
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16:05
Hot Stocks
Editas Medicine announces completion of recombinant DNA committee registration »

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  • 12

    Sep

ESRX

Express Scripts

$87.21

0.52 (0.60%)

, CI

Cigna

$187.93

2.48 (1.34%)

16:05
08/16/18
08/16
16:05
08/16/18
16:05
Hot Stocks
Express Scripts urges stockholders to vote in favor of merger with Cigna »

Express Scripts (ESRX)…

ESRX

Express Scripts

$87.21

0.52 (0.60%)

CI

Cigna

$187.93

2.48 (1.34%)

03/08/13
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03/06/13
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  • 24

    Aug

  • 24

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  • 12

    Sep

AMAT

Applied Materials

$47.39

-0.105 (-0.22%)

16:04
08/16/18
08/16
16:04
08/16/18
16:04
Earnings
Applied Materials sees Q4 EPS 92c-$1.00, consensus $1.17 »

Sees Q4 revenue…

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  • 16

    Aug

AMAT

Applied Materials

$47.39

-0.105 (-0.22%)

16:04
08/16/18
08/16
16:04
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16:04
Hot Stocks
Applied Materials CEO says FY18 to deliver double digit grown in all groups »

"While we have seen…

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  • 16

    Aug

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