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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.
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.
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.
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.
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.
05/01/18
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.
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.
05/03/18
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.
ANDV Andeavor
$139.80

-1.875 (-1.32%)

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.
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.

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MD

Mednax

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ARRY

Array BioPharma

$19.37

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Twitter

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21st Century Fox

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Daimler AG

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Stamps.com

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Abbott

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Abbott

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Colgate-Palmolive

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Johnson & Johnson

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MannKind

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Regeneron

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ARRY

Array BioPharma

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AMGN

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NWN

Northwest Natural Gas

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PG&E

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ORLY

O'Reilly Automotive

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SJI

South Jersey Industries

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WAAS

AquaVenture

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NSANY

Nissan

$0.00

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TROV

Trovagene

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CVM

CEL-SCI

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ACM

Aecom

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LMT

Lockheed Martin

$298.95

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Lockheed Martin awarded $175.3M U.S. Navy contract modification »

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LMT

Lockheed Martin

$298.95

-1.39 (-0.46%)

17:16
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