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MON

Bought by BAYRY

$117.93

0.07 (0.06%)

, BAYRY

Bayer

$28.65

-0.12 (-0.42%)

13:57
04/09/18
04/09
13:57
04/09/18
13:57

Justice Department to approve Bayer acquisition of Monsanto, WSJ reports

The Department of Justice has decided to allow Bayer's (BAYRY) acquisition of Monsanto (MON) after the companies pledged to sell off additional assets, Brent Kendall and Jacob Bunge of Wall Street Journal report, citing people familiar with the matter. An agreement in principle between the companies and the Justice Department was brokered in recent days, the reporters add. Shares of Monsanto halted for volatility after jumping 6% to $125.14 following the story. Bunge (BG) also rose 1% to $76.20. Reference Link

MON

Bought by BAYRY

$117.93

0.07 (0.06%)

BAYRY

Bayer

$28.65

-0.12 (-0.42%)

BG

Bunge

$75.47

-0.12 (-0.16%)

  • 14

    Apr

  • 08

    May

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  • 30

    May

MON Bought by BAYRY
$117.93

0.07 (0.06%)

07/12/17
07/12/17
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. Monsanto (MON) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying Bayer's (BAYRY) all-cash offer appears on track for year-end. The analyst views the deal failing as a "low-probability scenario" and keeps a $128 price target for the shares. 2. Freeport McMoRan (FCX) downgraded to Sell from Hold at Berenberg. 3. Kimberly-Clark (KMB) downgraded to Sell from Neutral at UBS with analyst Stephen Powers saying the stock's 11% rise year-to-date is not based on fundamentals but news flow of consolidation in the Household Products sector. 4. Harley-Davidson (HOG) downgraded to Market Perform from Outperform at Bernstein with analyst David Beckel citing his belief that "demographic shifts and a stagnating economy" will prevent demand for the company's motorcycles from growing in the U.S. for the next five years. 5. IMAX (IMAX) downgraded to Market Perform from Outperform at Barrington with analyst James Goss saying positive catalysts "might take some time to develop." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/18/17
UBSW
08/18/17
DOWNGRADE
Target $128
UBSW
Neutral
Monsanto downgraded to Neutral from Buy at UBS
UBS analyst John Roberts downgraded Monsanto (MON) to Neutral saying the shares are now less than 10% away from the accepted Bayer (BAYRY) offer of $128. The analyst calculates that the market is currently pricing in a 70% chance of the deal going through. His view that the deal could be approved remains unchanged. Approvals of peer deals suggest antitrust approval likely for Monsanto, Roberts tells investors in a research note. The analyst keeps a $128 price target for Monsanto shares.
09/05/17
BERN
09/05/17
NO CHANGE
BERN
Bernstein still sees 'very high' probability of Bayer, Monsanto deal approval
Bernstein analyst Jeremy Redenius notes that the European Commission has opened an in-depth review of the Bayer (BAYRY)/Monsanto (MON) deal due to concerns of reduced competition in pesticides, seeds, and traits. The analyst believes this is not surprising, as the in-depth review is the norm for deals of this size. Comparing the EC's initial concerns with those of the Dow/DuPont (DWDP) deal, he still sees a "very high" probability of deal approval.
10/04/17
MACQ
10/04/17
DOWNGRADE
MACQ
Neutral
Monsanto downgraded to Neutral from Outperform at Macquarie
BAYRY Bayer
$28.65

-0.12 (-0.42%)

12/29/17
JPMS
12/29/17
NO CHANGE
JPMS
Roche added to Analyst Focus List at JPMorgan
JPMorgan analyst Richard Vosser added Roche (RHHBY) to his firm's Analyst Focus List and keeps an Overweight rating on the shares with a SFR 300 price target. The analyst sees Roche as having the most significant earnings upside potential of any of the European large cap pharma stocks in 2018. He believes the potential of the company's pipeline is being underappreciated at current share levels. His top picks for 2018 are Roche and Bayer (BAYRY).
11/16/17
JEFF
11/16/17
NO CHANGE
JEFF
Buy
Jefferies names Roche new top global pick in Pharmaceuticals
Jefferies analyst Jeffrey Holford names Roche (RHHBY) his new "Top Pick Globally" in Pharmaceuticals following the strong share performance of his previous top pick for 2017, AbbVie (ABBV). The analyst believes the company's growth outlook is better than many investors think. Roche is nearing sentiment lows and investors "need to look hard at the replacement power" offered by assets Tecentriq, Ocrevus, Gazyva, ACE910 and Perjeta, Holford tells investors in a research note. Following Roche, the analyst has the highest conviction on Novartis (NVS), Bayer (BAYRY), AbbVie, Johnson & Johnson (JNJ), Zoetis (ZTS) and Eli Lilly (LLY). His least preferred stocks in Pharmaceuticals are Merck (MRK), Novo Nordisk (NVO) and AstraZeneca (AZN).
11/15/17
MSCO
11/15/17
NO CHANGE
Target $103
MSCO
Overweight
Loxo Oncology partnership with Bayer better than recognized, says Morgan Stanley
Morgan Stanley analyst Matthew Harrison thinks Loxo Oncology's (LOXO) partnership with Bayer (BAYRY) is a smart move and points to two key aspects of the deal that are being underappreciated. Namely, the deal offsets the risk of a slow TRK launch while he also believes strategic optionality is still intact as Loxo maintains two fully owned program, Harrison tells investors. Harrison maintains an Overweight rating on Loxo with a $103 price target. The stock slid about 4% yesterday to close at $79.84 after the Bayer deal was announced.
12/28/17
ARGS
12/28/17
NO CHANGE
Target $470
ARGS
Buy
Regeneron price target lowered to $470 from $540 at Argus
Argus analyst Jasper Hellweg lowered his price target on Regeneron (REGN) to $470 to reflect some of the recent weakness in the stock, but keeps his Buy rating. Hellweg says that while the company's growth has slowed in recent years, it continues to benefit from sales of Eylea, collaboration agreements with Sanofi (SNY) and Bayer (BAYRY) as well as a strong new product pipeline.
BG Bunge
$75.47

-0.12 (-0.16%)

03/06/18
SBSH
03/06/18
UPGRADE
Target $49
SBSH
Buy
Citi upgrades Archer Daniels, Bunge on 'dramatic turn' in soy market
Conditions in the global soy crushing market have taken a "dramatic turn" for the better over the past two months, Citi analyst David Driscoll tells investors in a research note. He points out that drought has struck in Argentina, shrinking the size of the new crop which begins harvest in April. Global crush margins should expand in 2018, as Argentina has less meal to export, the analyst contends. To reflect an improving soy story, Driscoll upgraded both Archer Daniels Midland (ADM) and Bunge (BG) to Buy from Neutral. Further, the analyst still sees Bunge as a potential takeout candidate, with a potential deal range from $85 to $100 per share. Driscoll raised his price target for ADM shares to $49 from $45 and for Bunge shares to $89 from $75.
03/06/18
SBSH
03/06/18
UPGRADE
SBSH
Buy
Bunge upgraded to Buy from Neutral at Citi
Citi analyst David Driscoll upgraded both Archer Daniels Midland (ADM) and Bunge (BG) to Buy saying the drought in Argentina is bringing relief to the global soy crush markets. The analyst sees an improving soy story for both companies.
02/15/18
02/15/18
UPGRADE
Target $90

Overweight
Bunge upgraded on bottoming ag fundamentals, M&A potential at Stephens
As previously reported, Stephens analyst Farha Aslam upgraded Bunge to Overweight from Equal Weight, citing her view that ag fundamentals are now bottoming and its earnings should begin to recover. Also, Bunge has been considered a takeout target, with interest reported from Archer Daniels (ADM) and Glencore (GLNCY), noted Aslam, who believes Bunge could be valued at $90-$95 per share in an M&A situation. The analyst raised her price target on Bunge shares to $90 from $72.
03/07/18
JPMS
03/07/18
UPGRADE
Target $90
JPMS
Overweight
Bunge reinstated with an Overweight from Neutral at JPMorgan
JPMorgan analyst Ann Duignan upgraded Bunge to Overweight with a $90 price target following a period of restriction. The analyst previously had a Neutral rating on the shares with a $77 price target. Duignan view the likelihood of a Bunge takeover as probable given the "structural headwinds facing the industry." A strategic buyer would likely be willing to pay a premium multiple, the analyst tells investors in a research note. She is not suggesting that $90 per share would be the eventual price paid for Bunge.

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SIGA

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