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QCOM

Qualcomm

$55.24

-0.1 (-0.18%)

, NXPI

NXP Semiconductors

$112.98

-0.17 (-0.15%)

06:45
04/19/18
04/19
06:45
04/19/18
06:45

China regulator says Qualcomm-NXP deal has 'hard to resolve' issues, WSJ reports

China's Commerce Ministry said its preliminary review of Qualcomm's (QCOM) $44B purchase of NXP Semiconductors (NXPI) found "related issues that are hard to resolve, making it difficult to eliminate the negative impact," the Wall Street Journal reports, citing Commerce Ministry spokesman Gao Feng, who did not rule out eventual approval. The remarks, which come amid trade turmoil between Washington and Beijing, didn't elaborate on the findings other than to say the agency reviewed the deal's effect on competitors and the market and looked at Qualcomm's proposed remedies. Reference Link

QCOM

Qualcomm

$55.24

-0.1 (-0.18%)

NXPI

NXP Semiconductors

$112.98

-0.17 (-0.15%)

  • 25

    Apr

QCOM Qualcomm
$55.24

-0.1 (-0.18%)

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.
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.
04/17/18
MSCO
04/17/18
NO CHANGE
Target $55
MSCO
Underweight
Qualcomm faces headwinds even if NXP deal gets approved, says Morgan Stanley
Morgan Stanley analyst James Faucette believes the market has built in a meaningful probability that China blocks Qualcomm's (QCOM) acquisition of NXP Semiconductors (NXPI), though he feels it is in China's best interest to approve the deal and he feels that is what will happen. However, even if the NXP deal gets approved, he continues to think the Apple (AAPL) lawsuit is unlikely to conclude before FY19 and he sees its as increasingly likely that licensing disputes with other non-paying OEM will be a persistent issue. Share gains made by MediaTek and the ZTE (ZTCOY) ban could create added EPS headwinds for Qualcomm, said Faucette, who maintains an Underweight rating on the stock.
NXPI NXP Semiconductors
$112.98

-0.17 (-0.15%)

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.

TODAY'S FREE FLY STORIES

CBRL

Cracker Barrel

$143.77

-6.93 (-4.60%)

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BABA

Alibaba

$156.64

-2.12 (-1.34%)

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China's Alibaba to set up dedicated chip subsidiary, Reuters reports »

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ABUS

Arbutus Biopharma

$9.55

0.25 (2.69%)

06:30
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Conference/Events
Arbutus Biopharma management to meet with JMP Securities »

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  • 19

    Sep

BABA

Alibaba

$156.64

-2.12 (-1.34%)

06:26
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09/19
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06:26
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  • 28

    Oct

ARPO

Aerpio Pharmaceuticals

$3.77

0.155 (4.29%)

06:26
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09/19
06:26
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06:26
Initiation
Aerpio Pharmaceuticals initiated  »

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  • 01

    Oct

BK

BNY Mellon

$51.45

0.23 (0.45%)

06:26
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09/19
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06:26
Hot Stocks
KPMG admits misconduct on BNY Mellon reports, says watchdog »

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  • 20

    Sep

  • 18

    Oct

RNSDF

Renault

$0.00

(0.00%)

, VLKAY

Volkswagen

$0.00

(0.00%)

06:25
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09/19
06:25
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06:25
Periodicals
Renault, VW, Fiat Chrysler sales surged before new emissions test, Reuters says »

Renault (RNSDF),…

RNSDF

Renault

$0.00

(0.00%)

VLKAY

Volkswagen

$0.00

(0.00%)

FCAU

Fiat Chrysler

$17.62

0.17 (0.97%)

NSANY

Nissan

$0.00

(0.00%)

03/08/13
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ARGX

Argenx

$87.33

-6.44 (-6.87%)

06:23
09/19/18
09/19
06:23
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06:23
Syndicate
Argenx 3.48M share Secondary priced at $86.50 »

Morgan Stanley, Cowen and…

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  • 27

    Nov

  • 19

    Sep

NFLX

Netflix

$367.85

17.61 (5.03%)

06:23
09/19/18
09/19
06:23
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06:23
Recommendations
Netflix analyst commentary  »

Netflix price target…

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  • 24

    Sep

  • 16

    Oct

BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

06:23
09/19/18
09/19
06:23
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06:23
Hot Stocks
NY Attorney General: Cryptocurrency exchanges lack integrity, security, fairness »

New York Attorney General…

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

03/08/13
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REVB

Revere Bank

$0.00

(0.00%)

06:20
09/19/18
09/19
06:20
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06:20
Syndicate
Revere Bank 1.4M share Secondary priced at $29.25 »

Sandler ONeill acted as…

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  • 19

    Sep

GTHX

G1 Therapeutics

$62.94

-3.41 (-5.14%)

06:20
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09/19
06:20
09/19/18
06:20
Syndicate
G1 Therapeutics 3M share Secondary priced at $60.00 »

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  • 27

    Nov

  • 19

    Sep

NVS

Novartis

$85.03

-0.1 (-0.12%)

06:18
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09/19
06:18
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06:18
Hot Stocks
Novartis' Kymriah for adult lymphoma 'to expensive to recommend,' says NICE »

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  • 20

    Sep

CNC

Centene

$142.82

1.055 (0.74%)

06:17
09/19/18
09/19
06:17
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06:17
Initiation
Centene initiated  »

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  • 27

    Sep

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    Sep

  • 23

    Oct

  • 14

    Dec

GM

General Motors

$35.11

0.09 (0.26%)

, TSLA

Tesla

$284.88

-9.9 (-3.36%)

06:17
09/19/18
09/19
06:17
09/19/18
06:17
Periodicals
Former GM exec Lutz says Tesla is 'headed for the graveyard', CNBC reports »

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GM

General Motors

$35.11

0.09 (0.26%)

TSLA

Tesla

$284.88

-9.9 (-3.36%)

03/08/13
Wedge Partners
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  • 20

    Sep

  • 29

    Oct

AAPL

Apple

06:14
09/19/18
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06:14
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Recommendations
Apple analyst commentary  »

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TCEHY

Tencent

$0.00

(0.00%)

, IQ

iQIYI

$26.29

-0.54 (-2.01%)

06:14
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06:14
Periodicals
Tencent Music cuts size of U.S. IPO to $2B, Reuters reports »

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TCEHY

Tencent

$0.00

(0.00%)

IQ

iQIYI

$26.29

-0.54 (-2.01%)

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RIG

Transocean

$11.93

0.335 (2.89%)

, RDC

Rowan Companies

$16.25

0.56 (3.57%)

06:13
09/19/18
09/19
06:13
09/19/18
06:13
Upgrade
Transocean, Rowan Companies, Ensco, Noble Corp. rating change  »

Transocean upgraded to…

RIG

Transocean

$11.93

0.335 (2.89%)

RDC

Rowan Companies

$16.25

0.56 (3.57%)

ESV

Ensco

$7.40

0.28 (3.93%)

NE

Noble Corp.

$6.15

0.19 (3.19%)

03/08/13
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  • 24

    Sep

SIR

Select Income REIT

$20.53

-1.18 (-5.44%)

06:13
09/19/18
09/19
06:13
09/19/18
06:13
Upgrade
Select Income REIT rating change  »

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RFP

Resolute Forest

$14.65

0.125 (0.86%)

06:12
09/19/18
09/19
06:12
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06:12
Downgrade
Resolute Forest rating change  »

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DIS

Disney

$109.55

0.18 (0.16%)

06:11
09/19/18
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Periodicals
Marvel heroes to get own TV series on Disney streaming service, Variety reports »

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  • 24

    Sep

MCD

McDonald's

$157.77

-0.38 (-0.24%)

06:10
09/19/18
09/19
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06:10
Hot Stocks
EU says McDonald's, Luxembourg tax deal not illegal »

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  • 24

    Sep

ETFC

E-Trade

$53.77

0.46 (0.86%)

06:08
09/19/18
09/19
06:08
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06:08
Upgrade
E-Trade rating change  »

E-Trade upgraded to Buy…

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WBC

Wabco

$114.86

-0.6 (-0.52%)

06:07
09/19/18
09/19
06:07
09/19/18
06:07
Recommendations
Wabco analyst commentary  »

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  • 25

    Sep

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    Oct

  • 06

    Nov

FB

Facebook

$160.31

-0.29 (-0.18%)

06:05
09/19/18
09/19
06:05
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06:05
Periodicals
Facebook pressed banks for ability to use financial data for ads, WSJ reports »

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  • 28

    Oct

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