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QCOM

Qualcomm

$55.20

0.19 (0.35%)

, NXPI

NXP Semiconductors

$114.17

-1.71 (-1.48%)

10:18
04/13/18
04/13
10:18
04/13/18
10:18

China's delay could imperil Qualcomm, Toshiba deals, WSJ says

China is holding up deal reviews amid escalating trade tensions with the U.S., which could endanger Qualcomm's (QCOM) planned acquisition of NXP Semiconductors (NXPI), according to one person familiar with the matter, said The Wall Street Journal. China is the only country that has not yet signed off on Qualcomm's deal, nor on Toshiba's (TOSBF) planned sale of its chip unit to a consortium led by Bain Capital, and neither deal is likely to move forward amid the looming trade war, the report said. Reference Link

QCOM

Qualcomm

$55.20

0.19 (0.35%)

NXPI

NXP Semiconductors

$114.17

-1.71 (-1.48%)

TOSBF

Toshiba, also use TOSYY

$2.75

0.0296 (1.09%)

TOSYY

Toshiba, also use TOSBF

$16.23

-0.14 (-0.86%)

QCOM Qualcomm
$55.20

0.19 (0.35%)

04/12/18
SBSH
04/12/18
INITIATION
Target $58
SBSH
Neutral
Qualcomm resumed with a Neutral at Citi
Citi analyst Christopher Danely resumed coverage of Qualcomm (QCOM) with a Neutral rating and $58 price target. The analyst believes the proposed acquisition of NXP Semiconductors (NXPI) could eventually drive earnings accretion of roughly 44% or $1.52, but he does not have confidence in the $500M in synergies. Danely expects a host of integration difficulties given differences in manufacturing, customer base, and NXP's merger with Freescale.
04/05/18
UBSW
04/05/18
INITIATION
Target $56
UBSW
Neutral
Qualcomm initiated with a Neutral at UBS
UBS analyst Timothy Arcuri started Qualcomm with a Neutral rating and $56 price target, calling it a "show-me story."
04/05/18
04/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Spotify (SPOT) initiated with a Buy at Canaccord and Stifel. 2. Trade Desk (TTD) initiated with an Overweight at Piper Jaffray. 3. Saul Centers (BFS) initiated with a Neutral at B. Riley FBR. 4. Capital One (COF) and American Express (AXP) were initiated with a Buy at Citi while Discover (DFS) and Synchrony (SYF) were initiated with a Neutral. 5. Intel (INTC) initiated with a Buy at UBS while Qualcomm (QCOM) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/12/18
SBSH
04/12/18
INITIATION
Target $127.5
SBSH
Neutral
NXP Semiconductors resumed with a Neutral at Citi
Citi analyst Christopher Danely resumed coverage of NXP Semiconductors (NXPI) with a Neutral rating and $127.50 price target. The analyst expects Qualcomm (QCOM) to close the acquisition of NXP at the current proposed price of $127.50 per share. He believes, however, that there is "some potential for the deal to break due to approval from China given the trade war." If the deal falls apart, Danely expects NXP shares to trade to $90.
NXPI NXP Semiconductors
$114.17

-1.71 (-1.48%)

03/19/18
MSCO
03/19/18
INITIATION
Target $127.5
MSCO
Equal Weight
NXP Semiconductors reinitiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Craig Hettenbach resumed coverage on NXP Semiconductors (NXPI) with an Equal Weight and $127.50 price target.
03/15/18
DBAB
03/15/18
INITIATION
Target $60
DBAB
Hold
Qualcomm resumed with a Hold at Deutsche Bank
Deutsche Bank analyst Ross Seymore resumed coverage of Qualcomm (QCOM) with a Hold rating and $60 price target. The analyst expects the shares to remain range-bound given the slowing pace of smartphone growth, potential for share loss in QCT, and ongoing litigation pressuring the QTL business. He sees these partially offset by accretion from the acquisition of NXP Semiconductors (NXPI).
TOSBF Toshiba, also use TOSYY
$2.75

0.0296 (1.09%)

01/05/18
FBCO
01/05/18
NO CHANGE
Target $42
FBCO
Outperform
Brookfield Business Partners price target raised to $42 from $34 at Credit Suisse
Credit Suisse analyst Nick Stogdill noted that Brookfield Business Partners (BBU) and its institutional partners will acquire 100% of Westinghouse Electric from Toshiba (TOSBF) for $4.6B, which he views as positive news from both a strategic and financial perspective. The analyst, who increased his 2018 EPS estimate 11% to $3.15 to reflect the deal, keeps an Outperform rating on Brookfield Business Partners and raised his price target on the stock to $42.
01/09/18
RBCM
01/09/18
NO CHANGE
Target $48
RBCM
Sector Perform
Seagate price target raised to $48 from $43 at RBC Capital
RBC Capital analyst Amit Daryanani raised his price target on Seagate (STX) to $48 after the company's positive December-quarter pre-announcement and its long-term NAND supply agreement with Toshiba (TOSBF). Daryanani says the discussion around EB shipments and capacity-per-drive metrics suggests that the company is gaining share in the 10TB market. The analyst keeps his Sector Perform rating on Seagate, noting he is "cognizant" of the company's near-term tailwinds.
02/20/18
RBCM
02/20/18
NO CHANGE
Target $115
RBCM
Outperform
Western Digital may be an LBO candidate, says RBC Capital
RBC Capital analyst Amit Daryanani contends that Western Digital (WDC) could be an attractive LBO candidate, considering that the stock has languished at an "attractive valuation" since the Toshiba (TOSBF) resolution on misplaced NAND cycle concerns. The analyst also notes that the likelihood of an LBO is high because of several private equity firms' involvement in the Toshiba asset sale. Daryanani keeps his Outperform rating with a $115 price target, adding that a "sizable potential EPS upside and room for multiple expansion remain" for the stock.
03/13/18
KEYB
03/13/18
NO CHANGE
KEYB
Broadcom could look at Micron next with Qualcomm blocked, says KeyBanc
President Trump's order to block Broadcom's (AVGO) proposed takeover of Qualcomm (QCOM) also likely blocks the possibility of the company trying to acquire any other player with any military/defense exposure, such as Xilinx (XLNX), KeyBanc analyst John Vinh tells investors. However, he expects Broadcom to remain acquisitive and thinks Micron (MU) could be another potential target, citing a lack of security concerns and Broadcom's previous attempts to bid for Toshiba (TOSBF), he noted. Vinh reiterates his Overweight rating and $320 price target on Broadcom, adding that he sees the executive order as a "slight positive," since it removes a near-term distraction and overhang.
TOSYY Toshiba, also use TOSBF
$16.23

-0.14 (-0.86%)

12/13/17
DBAB
12/13/17
UPGRADE
DBAB
Buy
Toshiba upgraded to Buy from Hold at Deutsche Bank

TODAY'S FREE FLY STORIES

TDOC

Teladoc

$65.99

3.57 (5.72%)

08:46
10/15/18
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08:46
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Teladoc analyst commentary  »

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    Nov

ACRX

AcelRx

$3.95

(0.00%)

08:45
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10/15
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08:45
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AcelRx analyst commentary  »

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  • 03

    Nov

CGC

Canopy Growth

$49.79

2.64 (5.60%)

, CWH

Camping World

$21.37

0.42 (2.00%)

08:45
10/15/18
10/15
08:45
10/15/18
08:45
Options
Largest borrow rate increases among liquid names »

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CGC

Canopy Growth

$49.79

2.64 (5.60%)

CWH

Camping World

$21.37

0.42 (2.00%)

BLUE

Bluebird Bio

$125.92

-0.81 (-0.64%)

BGS

B&G Foods

$25.83

-0.16 (-0.62%)

CPB

Campbell Soup

$37.10

-0.05 (-0.13%)

IYT

iShares Transportation Average

$188.69

1.55 (0.83%)

NTR

Nutrien

$54.11

0.05 (0.09%)

SHPG

Shire

$170.37

2.14 (1.27%)

GERN

Geron

$1.69

0.02 (1.20%)

CX

Cemex

$6.23

0.145 (2.38%)

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General news
FX Action: The dollar »

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General news
U.S. October Empire State index rebounded 2.1 ticks to 21.1 »

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BYD

Boyd Gaming

$31.86

0.13 (0.41%)

, GLPI

Gaming and Leisure Properties

$34.09

0.01 (0.03%)

08:43
10/15/18
10/15
08:43
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08:43
Hot Stocks
Boyd Gaming completes acquisition of four Pinnacle Entertainment assets »

Boyd Gaming has completed…

BYD

Boyd Gaming

$31.86

0.13 (0.41%)

GLPI

Gaming and Leisure Properties

$34.09

0.01 (0.03%)

03/08/13
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  • 01

    Nov

ROK

Rockwell Automation

$172.89

2.3 (1.35%)

08:43
10/15/18
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08:43
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VIPS

Vipshop

$5.41

0.345 (6.82%)

08:43
10/15/18
10/15
08:43
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08:43
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Vipshop analyst commentary  »

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FTSI

FTS International

$12.21

0.3 (2.52%)

08:41
10/15/18
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08:41
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FTS International rating change  »

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  • 30

    Oct

SPY

SPDR S&P 500 ETF Trust

$275.95

3.51 (1.29%)

, SPX

S&P 500

$0.00

(0.00%)

08:41
10/15/18
10/15
08:41
10/15/18
08:41
General news
Trump says Saudi Arabia's King denies knowledge of what happened to journalist »

President Donald Trump…

SPY

SPDR S&P 500 ETF Trust

$275.95

3.51 (1.29%)

SPX

S&P 500

$0.00

(0.00%)

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HSC

Harsco

$24.87

-0.24 (-0.96%)

08:40
10/15/18
10/15
08:40
10/15/18
08:40
Hot Stocks
Harsco Rail awarded multiyear MTA contract valued at approx. $40M »

Harsco Corporation's…

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  • 31

    Oct

08:40
10/15/18
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08:40
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08:40
General news
U.S. retail sales rose 0.1% in September, and fell 0.1% excluding autos »

U.S. retail sales rose…

KRYS

Krystal Biotech

$15.49

0.58 (3.89%)

08:40
10/15/18
10/15
08:40
10/15/18
08:40
Conference/Events
Krystal Biotech to hold a conference call »

Management holds a…

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  • 15

    Oct

DLGNF

Dialog Semiconductor

$0.00

(0.00%)

08:39
10/15/18
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08:39
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08:39
Upgrade
Dialog Semiconductor rating change  »

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GLPI

Gaming and Leisure Properties

$34.09

0.01 (0.03%)

, PENN

Penn National

$29.91

1.33 (4.65%)

08:39
10/15/18
10/15
08:39
10/15/18
08:39
Hot Stocks
Gaming and Leisure enters into master lease with Boyd to include 3 properties »

Gaming and Leisure…

GLPI

Gaming and Leisure Properties

$34.09

0.01 (0.03%)

PENN

Penn National

$29.91

1.33 (4.65%)

PNK

Pinnacle Entertainment

$32.57

0.57 (1.78%)

BYD

Boyd Gaming

$31.86

0.13 (0.41%)

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  • 01

    Nov

TNDM

TNDM

08:39
10/15/18
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08:39
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08:39
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TNDM analyst commentary  »

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  • 27

    Nov

NTRI

Nutrisystem

$37.12

1.11 (3.08%)

08:39
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PH

Parker-Hannifin

$167.41

1.71 (1.03%)

08:38
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08:38
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Parker-Hannifin rating change  »

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MTNB

Matinas BioPharma

$0.82

0.0363 (4.63%)

08:38
10/15/18
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08:38
Hot Stocks
Matinas BioPharma appoints Theresa Matkovits as CDO »

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PENN

Penn National

$29.91

1.33 (4.65%)

, PNK

Pinnacle Entertainment

$32.57

0.57 (1.78%)

08:37
10/15/18
10/15
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10/15/18
08:37
Hot Stocks
Penn National completes acquisition of Pinnacle Entertainment »

Penn National Gaming…

PENN

Penn National

$29.91

1.33 (4.65%)

PNK

Pinnacle Entertainment

$32.57

0.57 (1.78%)

BYD

Boyd Gaming

$31.86

0.13 (0.41%)

GLPI

Gaming and Leisure Properties

$34.09

0.01 (0.03%)

03/08/13
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03/06/13
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03/06/13
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  • 01

    Nov

CUBI

Customers Bancorp

$21.82

-1.01 (-4.42%)

08:37
10/15/18
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08:37
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ALBO

Albireo Pharma

$26.11

0.47 (1.83%)

08:37
10/15/18
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08:37
Hot Stocks
Albireo Pharma to present findings from multiple studies on PFIC »

Albireo Pharma announced…

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  • 17

    Oct

LLL

L3 Technologies

$195.99

0.74 (0.38%)

, HRS

Harris

$154.88

0.61 (0.40%)

08:36
10/15/18
10/15
08:36
10/15/18
08:36
Recommendations
L3 Technologies, Harris analyst commentary  »

L3 Technologies price…

LLL

L3 Technologies

$195.99

0.74 (0.38%)

HRS

Harris

$154.88

0.61 (0.40%)

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  • 15

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  • 16

    Oct

CPST

Capstone Turbine

$0.94

-0.0441 (-4.48%)

08:36
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08:36
Hot Stocks
Capstone Turbine secures new order from major oil and gas producer »

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  • 08

    Nov

CUBI

Customers Bancorp

$21.82

-1.01 (-4.42%)

08:35
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08:35
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