Breaking News Instant updates and real-time market news.

JSAIY

J Sainsbury

$0.00

(0.00%)

, TMUS

T-Mobile

$57.27

1.34 (2.40%)

09:57
05/05/18
05/05
09:57
05/05/18
09:57

Merger booms can end quickly, investors should beware, Barron's says

Three large deals were announced last week, namely Sainsbury (JSAIY) merger, T-Mobile (TMUS) plans to merge with Sprint (S) for $59B and Marathon Petroleum (MPC) buying Andeavor (ANDV) for $36B, Avi Salzman writes in this week's edition of Barron's. Companies have been racing to tie the knot, driving merger volumes toward record levels this year, but merger booms can end quickly, and investors need to be careful, he adds. Reference Link

JSAIY

J Sainsbury

$0.00

(0.00%)

TMUS

T-Mobile

$57.27

1.34 (2.40%)

S

Sprint

$5.29

0.075 (1.44%)

MPC

Marathon Petroleum

$76.89

-0.67 (-0.86%)

ANDV

Andeavor

$139.80

-1.875 (-1.32%)

  • 08

    May

  • 22

    May

JSAIY J Sainsbury
$0.00

(0.00%)

04/30/18
BARD
04/30/18
NO CHANGE
Target $105
BARD
Outperform
Walmart continues transformation with Asda deal, says Baird
Walmart's (WMT) plans to merge Asda with U.K. rival J Sainsbury (JSAIY) represents the latest move in CEO Doug McMillon's effort to transform/optimize the company's asset portfolio, Baird analyst Peter Benedict tells investors in a research note. He believes the deal signifies Walmart's continued focus on positioning itself for growth in "tomorrow's retail world." Benedict reiterates an Outperform rating on the shares with a $105 price target.
10/03/17
BREN
10/03/17
INITIATION
BREN
Buy
J Sainsbury initiated with a Buy at Berenberg
Price target 300p.
TMUS T-Mobile
$57.27

1.34 (2.40%)

05/03/18
STFL
05/03/18
NO CHANGE
STFL
Stifel says Alaska, JetBlue may be targets if 'Big 4' think they can consolidate
Stifel analyst Joseph DeNardi said in a note to investors prior to the open that the proposed merger of Sprint (S) and T-Mobile (TMUS), and the related approval process, is the first major test of the Trump administration's view on consolidation. Depending on how this case plays out, management teams at the "Big 4" airlines would have significant interest in acquiring Alaska Air (ALK) or JetBlue (JBLU) if they think they could be successful in doing so, he contends. He believes the current consensus in the industry is that Alaska will serve as buyer and consolidator within its segment, but should the Big 4 believe that they could be permitted to be buyers, the M&A outlook would likely change, DeNardi tells investors.
04/30/18
JPMS
04/30/18
NO CHANGE
JPMS
Neutral
JPMorgan sees near-term waves, long-term potential for Amdocs from Sprint deal
JPMorgan analyst Jackson Ader noted that Sprint (S) is a "much larger customer" of Amdocs (DOX) than T-Mobile is and he sees the balance of power in the combined company as a slight net negative for Amdocs. While he would expect short-term disruption to certain discretionary projects, he also notes that Amdocs has a relationship with both and "could easily come out the next 12-24 months in a better position," Ader tells investors. Though synergies is "never a good word for vendors," Ader thinks the move to a 5G network could create additional project and revenue opportunities, he added. He maintains a Neutral rating on Amdocs shares.
05/01/18
JEFF
05/01/18
UPGRADE
Target $5.5
JEFF
Hold
Sprint upgraded to Hold from Underperform at Jefferies
Jefferies analyst Scott Goldman upgraded Sprint (S) to Hold raised his price target for the shares to $5.50 from $4.50 following the company's merger agreement with T-Mobile (TMUS). The analyst sees the deal supporting the valuation into the regulatory review.
05/02/18
OPCO
05/02/18
NO CHANGE
Target $90
OPCO
Outperform
Oppenheimer sees 80% chance of regulatory approval for T-Mobile/Sprint merger
Oppenheimer analyst Timothy Horan sees an 80% chance of regulatory approval for T-Mobile (TMUS)/Sprint (S) merger given pro-consumer/investment/jobs focus that scale drives, but with concessions. The analyst reiterates an Outperform rating and $90 price target on T-Mobile shares.
S Sprint
$5.29

0.075 (1.44%)

MPC Marathon Petroleum
$76.89

-0.67 (-0.86%)

05/03/18
JEFF
05/03/18
UPGRADE
Target $95
JEFF
Buy
Jefferies upgrades Marathon Petroleum to Buy, adds to Franchise Pick list
Jefferies analyst Corey Goldman upgraded Marathon Petroleum (MPC) to Buy and raised his price target for the shares to $95 from $75. The analyst also added the shares to his firm's Franchise Pick list. Marathon Petroleum should be a core holding for energy investors following its acquisition of Andeavor (ANDV), Goldman tells investors in a research note. He applauds the strategy of scaling operations and reducing inefficiencies. The analyst estimates Marathon Petroleum is trading at a 20% discount to peers. Goldman this morning also upgraded Andeavor to Buy from Hold with an increased price target of $174.
05/03/18
JEFF
05/03/18
UPGRADE
Target $95
JEFF
Buy
Marathon Petroleum upgraded to Buy from Hold at Jefferies
Jefferies analyst Corey Goldman upgraded Marathon Petroleum to Buy and raised his price target for the shares to $95 from $75.
05/02/18
MSCO
05/02/18
DOWNGRADE
Target $46
MSCO
Equal Weight
Andeavor Logistics downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Tom Abrams said he thinks the acquisition of Andeavor (ANDV) by Marathon Petroleum (MPC) has positive growth implications for MPLX LP (MPLX) and negative implications for Andeavor Logistics (ANDX). Given that view, he downgraded Andeavor Logistics to Equal Weight, though Abrams recommends investors stay involved near-term in case Andeavor's conference call on May 8 provides confidence in the 2018 growth trajectory for the MLP. He expects the MLPs will eventually be combined, adding it is possible the dropdowns investors anticipated for Andeavor Logistics will end up at MPLX given its currently more competitive cost of capital. Abrams lowered his price target on Andeavor Logistics to $46 from $56.
05/01/18
WELS
05/01/18
NO CHANGE
Target $80
WELS
Market Perform
Marathon Petroleum price target raised to $80 from $73 at Wells Fargo
Wells Fargo raised its price target for Marathon Petroleum (MPC) to $80 from $73 following the announced merger with Andeavor Logistics (ANDX). The analyst reiterates a Market Perform on Marathon Petroleum's shares.
ANDV Andeavor
$139.80

-1.875 (-1.32%)

05/01/18
MUFG
05/01/18
DOWNGRADE
Target $50
MUFG
Neutral
Andeavor Logistics downgraded to Neutral from Overweight at MUFG
MUFG analyst Barrett Blaschke downgraded Andeavor Logistics (ANDX) to Neutral and lowered his price target for the shares to $50 from $59. The merger announcement at parent Andeavor (ANDV) "has been poorly received with many investors assuming the end of the dropdown component of the story is lurking in the near future," Blaschke tells investors in a research note. The analyst says that while he continues to like the operations at Andeavor Logistics, the merger is meaningful in terms of both his short-term risk metrics and his long-term outlook.
05/03/18
JEFF
05/03/18
UPGRADE
Target $174
JEFF
Buy
Andeavor upgraded to Buy from Hold at Jefferies
Jefferies analyst Corey Goldman upgraded Andeavor to Buy and raised his price target for the shares to $174 from $116.

TODAY'S FREE FLY STORIES

RACE

Ferrari

$138.31

5.465 (4.11%)

19:24
09/18/18
09/18
19:24
09/18/18
19:24
Earnings
Ferrari sees FY18 revenue over EUR3.4B »

As part of its Analyst…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Sep

SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

, INAP

Internap

$12.39

-0.33 (-2.59%)

19:02
09/18/18
09/18
19:02
09/18/18
19:02
Hot Stocks
Fly Intel: After Hours Movers »

HIGHER: Stein Mart (SMRT)…

SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

INAP

Internap

$12.39

-0.33 (-2.59%)

TRVG

Trivago

$5.13

0.26 (5.34%)

PRQR

ProQR Therapeutics

$20.25

-1.4 (-6.47%)

MSFT

Microsoft

$113.24

1.05 (0.94%)

EVOP

EVO Payments

$26.27

-0.42 (-1.57%)

TSM

TSMC

$43.57

-0.2 (-0.46%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Oct

  • 28

    Oct

  • 12

    Nov

  • 15

    Nov

  • 03

    Mar

  • 21

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

18:58
09/18/18
09/18
18:58
09/18/18
18:58
Periodicals
China to place new tariffs on $60B in U.S. exports, WSJ says »

China's government…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SQ

Square

$87.97

1.1 (1.27%)

18:55
09/18/18
09/18
18:55
09/18/18
18:55
Periodicals
Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

Square CFO Sarah Friar…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Sep

  • 19

    Sep

  • 20

    Sep

  • 26

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:48
09/18/18
09/18
18:48
09/18/18
18:48
Hot Stocks
Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

The dividend is payable…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Oct

  • 28

    Oct

  • 03

    Mar

KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

18:39
09/18/18
09/18
18:39
09/18/18
18:39
Hot Stocks
Kirkland Lake Gold acquires shares of Osisko Mining »

Kirkland Lake Gold…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
09/18/18
09/18
18:39
09/18/18
18:39
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

Microsoft raises…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Oct

  • 28

    Oct

  • 03

    Mar

OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
09/18/18
09/18
18:23
09/18/18
18:23
Downgrade
OMA Airports rating change  »

OMA Airports downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CE

Celanese

$113.41

-0.03 (-0.03%)

18:01
09/18/18
09/18
18:01
09/18/18
18:01
Hot Stocks
Celanese raises prices for acetate tow in Eastern Europ and Asia by $1/kg »

Celanese Corporation…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

17:58
09/18/18
09/18
17:58
09/18/18
17:58
Periodicals
Wynn sued over allegations of rigging Boston casino bid, Bloomberg says »

Wynn Resorts and former…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

17:48
09/18/18
09/18
17:48
09/18/18
17:48
Hot Stocks
SPDR Gold Trust holdings fall to 742.23MT from 742.53MT »

This is the lowest level…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

17:35
09/18/18
09/18
17:35
09/18/18
17:35
Recommendations
Jazz Pharmaceuticals analyst commentary  »

Jazz Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Sep

  • 27

    Oct

  • 27

    Nov

  • 20

    Dec

RIG

Transocean

$11.93

0.335 (2.89%)

17:29
09/18/18
09/18
17:29
09/18/18
17:29
Initiation
Transocean initiated  »

Transocean initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
09/18/18
09/18
17:26
09/18/18
17:26
Initiation
Noble Corp. initiated  »

Noble Corp. initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

CCOEY

Capcom

17:24
09/18/18
09/18
17:24
09/18/18
17:24
Periodicals
Capcom shutting down Vancouver studio, Kotaku says »

Capcom Vancouver,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
09/18/18
09/18
17:24
09/18/18
17:24
Syndicate
Breaking Syndicate news story on Best Buy »

Best Buy files automatic…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
09/18/18
09/18
17:22
09/18/18
17:22
Initiation
Diamond Offshore initiated at Morgan Stanley »

Diamond Offshore…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
09/18/18
09/18
17:20
09/18/18
17:20
Upgrade
TSMC rating change at Morgan Stanley »

TSMC upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WHD

Cactus

$35.93

1.24 (3.57%)

17:17
09/18/18
09/18
17:17
09/18/18
17:17
Initiation
Cactus initiated at Morgan Stanley »

Cactus initiated with an…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ZTCOY

ZTE Corp.

$0.00

(0.00%)

17:15
09/18/18
09/18
17:15
09/18/18
17:15
Periodicals
Senators seek punishment if ZTE strays from deal, Reuters says »

In a bill, introduced on…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AKCA

Akcea Therapeutics

$26.58

1.73 (6.96%)

17:15
09/18/18
09/18
17:15
09/18/18
17:15
Syndicate
Breaking Syndicate news story on Akcea Therapeutics »

Akcea Therapeutics files…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Oct

OIS

Oil States

$30.85

0.55 (1.82%)

17:13
09/18/18
09/18
17:13
09/18/18
17:13
Initiation
Oil States initiated at Morgan Stanley »

Oil States initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NOV

National Oilwell

$44.55

0.44 (1.00%)

17:07
09/18/18
09/18
17:07
09/18/18
17:07
Initiation
National Oilwell initiated at Morgan Stanley »

National Oilwell…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Oct

FET

Forum Energy

$11.20

0.275 (2.52%)

17:03
09/18/18
09/18
17:03
09/18/18
17:03
Initiation
Forum Energy initiated at Morgan Stanley »

Forum Energy initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

ARES

Ares Management

$22.30

0.7 (3.24%)

17:02
09/18/18
09/18
17:02
09/18/18
17:02
Hot Stocks
Ares Management and Starwood Energy sign agreement to sell interest in HTP »

Ares EIF, the power and…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.