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CG

Carlyle Group

$20.65

0.15 (0.73%)

, NWL

Newell Brands

$25.76

-0.16 (-0.62%)

06:53
04/13/18
04/13
06:53
04/13/18
06:53

Newell's Waddington said to attract bidders including Novolex, Bloomberg reports

Packaging companies Novolex Holdings, which is backed by Carlyle Group (CG), and Faerch Plast, owned by Advent International, are among the bidders for Newell Brands' (NWL )Waddington Group as the company moves forward with divesting assets, Bloomberg reports, citing people familiar with the matter. Hoffmaster Group, backed by Wellspring Capital Management, is also a potential suitor for the unit, which is expected to bring in around $2.2B in a sale, and first-round bids have been submitted. Reference Link

CG

Carlyle Group

$20.65

0.15 (0.73%)

NWL

Newell Brands

$25.76

-0.16 (-0.62%)

CG Carlyle Group
$20.65

0.15 (0.73%)

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.
NWL Newell Brands
$25.76

-0.16 (-0.62%)

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.
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.
03/27/18
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.
03/27/18
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.

TODAY'S FREE FLY STORIES

FB

Facebook

$209.95

1.87 (0.90%)

07:39
07/23/18
07/23
07:39
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07:39
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Facebook analyst commentary  »

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SALT

Scorpio Bulkers

$7.20

0.05 (0.70%)

07:39
07/23/18
07/23
07:39
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07:39
Earnings
Scorpio Bulkers reports Q2 EPS 1c, consensus 3c »

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DLPH

Delphi Technologies

$44.78

-0.355 (-0.79%)

07:38
07/23/18
07/23
07:38
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07:38
Upgrade
Delphi Technologies rating change  »

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  • 08

    Aug

BEP

Brookfield Renewable

$30.58

0.34 (1.12%)

07:37
07/23/18
07/23
07:37
07/23/18
07:37
Conference/Events
Brookfield Renewable management to meet with RBC Capital »

Meeting to be held in…

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  • 27

    Jul

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    Aug

LECO

Lincoln Electric

$92.26

0.64 (0.70%)

07:36
07/23/18
07/23
07:36
07/23/18
07:36
Earnings
Lincoln Electric reports Q2 adj. EPS $1.22, consensus $1.22 »

Reports Q2 revenue…

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  • 23

    Jul

QCOM

Qualcomm

$58.62

-0.7 (-1.18%)

07:36
07/23/18
07/23
07:36
07/23/18
07:36
Hot Stocks
Qualcomm introduces 5G NR millimeter wave, sub-6 GHz RF modules »

Qualcomm Technologies, a…

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  • 25

    Jul

HON

Honeywell

$153.17

5.6 (3.79%)

07:35
07/23/18
07/23
07:35
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07:35
Recommendations
Honeywell analyst commentary  »

Honeywell remains a top…

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BAC

Bank of America

$30.12

0.46 (1.55%)

, GE

General Electric

$13.11

-0.62 (-4.52%)

07:35
07/23/18
07/23
07:35
07/23/18
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

BAC

Bank of America

$30.12

0.46 (1.55%)

GE

General Electric

$13.11

-0.62 (-4.52%)

AMD

AMD

$16.49

-0.22 (-1.32%)

GOOGL

Alphabet Class A

$1,198.05

-1.21 (-0.10%)

F

Ford

$10.56

-0.115 (-1.08%)

QCOM

Qualcomm

$58.62

-0.7 (-1.18%)

CLF

Cleveland-Cliffs

$9.95

1.12 (12.68%)

HES

Hess Corp.

$64.05

-0.45 (-0.70%)

BSX

Boston Scientific

$33.77

0.06 (0.18%)

CWH

Camping World

$24.68

-0.17 (-0.68%)

03/08/13
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  • 23

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    Aug

  • 15

    Aug

  • 18

    Sep

STIM

Neuronetics

$26.27

-0.44 (-1.65%)

07:34
07/23/18
07/23
07:34
07/23/18
07:34
Initiation
Neuronetics initiated  »

Neuronetics initiated…

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CCRC

China Customer Relations Centers

$8.61

-0.46 (-5.07%)

07:33
07/23/18
07/23
07:33
07/23/18
07:33
Hot Stocks
China Customer Relations Centers not aware of reasons for recent volatility »

China Customer Relations…

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LPTX

Leap Therapeutics

$8.29

-0.23 (-2.70%)

, MKGAY

Merck KGaA

$0.00

(0.00%)

07:33
07/23/18
07/23
07:33
07/23/18
07:33
Hot Stocks
Leap Therapeutics announces collaboration with Merck KGaA, Pfizer »

Leap Therapeutics (LPTX)…

LPTX

Leap Therapeutics

$8.29

-0.23 (-2.70%)

MKGAY

Merck KGaA

$0.00

(0.00%)

PFE

Pfizer

$37.33

-0.03 (-0.08%)

03/08/13
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  • 22

    Aug

  • 10

    Sep

BLKB

Blackbaud

$117.74

1.31 (1.13%)

07:33
07/23/18
07/23
07:33
07/23/18
07:33
Initiation
Blackbaud initiated  »

Blackbaud initiated with…

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  • 31

    Jul

BV

BrightView

$21.95

0.14 (0.64%)

07:32
07/23/18
07/23
07:32
07/23/18
07:32
Initiation
BrightView initiated  »

BrightView initiated with…

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NTR

Nutrien

$52.43

0.43 (0.83%)

07:31
07/23/18
07/23
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07:31
Hot Stocks
Nutrien seels equity state in Arab Potash Company »

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AMRX

Amneal Pharmaceuticals

$18.52

0.03 (0.16%)

07:31
07/23/18
07/23
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Hot Stocks
Amneal receives FDA approval on ANDA for Potassium Chloride solution »

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  • 09

    Aug

FTSV

Forty Seven

$15.80

0.1 (0.64%)

07:31
07/23/18
07/23
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07:31
Initiation
Forty Seven initiated  »

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VFC

VF Corp.

$92.95

3.74 (4.19%)

, EXPE

Expedia

$125.50

-2.34 (-1.83%)

07:30
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07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

VFC

VF Corp.

$92.95

3.74 (4.19%)

EXPE

Expedia

$125.50

-2.34 (-1.83%)

PVG

Pretium Resources

$8.37

0.115 (1.39%)

TSN

Tyson Foods

$64.14

-0.76 (-1.17%)

SN

Sanchez Energy

$4.68

-0.14 (-2.90%)

NYCB

New York Community Bancorp

$11.41

-0.025 (-0.22%)

AN

AutoNation

$48.59

-0.75 (-1.52%)

03/08/13
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  • 26

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BJ

BJ's Wholesale

$25.90

0.23 (0.90%)

07:29
07/23/18
07/23
07:29
07/23/18
07:29
Initiation
BJ's Wholesale initiated  »

BJ's Wholesale…

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WIX

Wix.com

$104.35

-0.3 (-0.29%)

07:29
07/23/18
07/23
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07:29
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Wix.com analyst commentary  »

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  • 25

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FOXA

21st Century Fox

$46.01

-0.54 (-1.16%)

07:29
07/23/18
07/23
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07:29
Conference/Events
21st Century Fox to host special shareholder meeting »

Special shareholder…

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  • 27

    Jul

SNAP

Snap

$13.27

-0.155 (-1.16%)

, SQ

Square

$70.41

0.11 (0.16%)

07:28
07/23/18
07/23
07:28
07/23/18
07:28
Periodicals
Snap to shutdown Snapcash, end partnership with Square, TechCrunch reports »

Snap (SNAP) will end its…

SNAP

Snap

$13.27

-0.155 (-1.16%)

SQ

Square

$70.41

0.11 (0.16%)

03/08/13
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  • 01

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EVER

EverQuote

$17.99

0.43 (2.45%)

07:28
07/23/18
07/23
07:28
07/23/18
07:28
Initiation
EverQuote initiated  »

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  • 06

    Aug

VFC

VF Corp.

$92.95

3.74 (4.19%)

07:27
07/23/18
07/23
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07:27
Recommendations
VF Corp. analyst commentary  »

VF Corp. price target…

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SPOT

Spotify

$182.65

0.49 (0.27%)

, P

Pandora

$8.20

0.005 (0.06%)

07:27
07/23/18
07/23
07:27
07/23/18
07:27
Initiation
Spotify, Pandora initiated  »

Spotify initiated with a…

SPOT

Spotify

$182.65

0.49 (0.27%)

P

Pandora

$8.20

0.005 (0.06%)

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  • 26

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SHOP

Shopify

$171.72

0.04 (0.02%)

07:27
07/23/18
07/23
07:27
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07:27
Recommendations
Shopify analyst commentary  »

Shopify price target…

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  • 31

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