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MITL

Mitel

$11.15

0.045 (0.41%)

08:42
05/15/18
05/15
08:42
05/15/18
08:42

Mitel downgraded to Hold from Buy at Craig-Hallum

Craig-Hallum analyst George Sutton downgraded Mitel to Hold from Buy saying that given the structure of the deal in place for Searchlight, which includes debt financing of $1.38B and equity sponsor commitments of $700M, there is the potential, but in his view, limited likelihood, that this single remaining party concludes in a higher bid. The analyst also lowered his price target on the shares to $11.15 from $14.

  • 29

    May

MITL Mitel
$11.15

0.045 (0.41%)

02/05/18
CHLM
02/05/18
NO CHANGE
Target $14
CHLM
Buy
Mitel in very early phase of 'significant revaluation,' says Craig-Hallum
Craig-Hallum analyst George Sutton believes Mitel's stock is in the very early phase of a "significant revaluation," driven by fundamentals changes in positioning, a pivot in market dynamics and more attention from a new, larger base of investors rethinking the cloud dynamics and the dramatic size of its hunting license from its installed base. The analyst reiterates as Buy rating and $14 price target on the shares.
02/23/18
CHLM
02/23/18
NO CHANGE
Target $14
CHLM
Buy
Mitel pullback on 'complicated' guidance a buying opportunity, says Craig-Hallum
Craig-Hallum analyst George Sutton said Mitel reported "stellar" Q4 results, but its Q1 guidance was "complicated" by the seasonality of its businesses being more pronounced than he had previously recognized. He sees the pullback as an attractive buying opportunity, contending that much of the confusion around seasonal changes should be resolved at the analyst day next week. Sutton keeps a Buy rating and $14 price target on Mitel shares.
04/11/18
NATB
04/11/18
DOWNGRADE
NATB
Sector Perform
Mitel downgraded to Sector Perform from Outperform at National Bank
National Bank downgraded Mitel to Sector Perform citing valuation.
04/11/18
04/11/18
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. Avis Budget (CAR) downgraded to Neutral from Buy at Northcoast with analyst John Healy citing valuation. 2. Affiliated Managers (AMG) downgraded to Market Perform at Keefe Bruyette. 3. Valero (VLO) and PBF Energy (PBF) were downgraded to Sector Perform from Outperform at Scotia Howard Weil. 4. Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Melissa Franchi saying she favors security vendors who are exposed to markets where the cloud drives higher security spending and have optimal business models for the cloud. 5. Mitel (MITL) downgraded to Sector Perform from Outperform at National Bank with the firm citing valuation. 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

AYI

Acuity Brands

$161.46

3.9 (2.48%)

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TTNP

Titan Pharmaceuticals

$0.50

-0.08 (-13.79%)

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MTEM

Molecular Templates

$5.81

-0.44 (-7.04%)

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YMAB

Y-mAbs Therapeutics

$0.00

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VKTX

Viking Therapeutics

$18.92

-0.72 (-3.67%)

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TWIN

Twin Disc

$23.33

0.34 (1.48%)

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  • 21

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FTCH

Farfetch

$0.00

(0.00%)

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  • 20

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CRSP

Crispr Therapeutics

$48.90

-3 (-5.78%)

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  • 27

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MDCA

MDC Partners

$4.55

0.25 (5.81%)

21:08
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GWRE

Guidewire

$101.71

0.16 (0.16%)

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  • 20

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AVMXY

Avita Medical

$0.00

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LTS

Ladenburg Thalmann

$2.36

-0.03 (-1.26%)

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  • 27

    Sep

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Conference/Events
Morgan Stanley multi-industrial analysts hold analyst/industry conference call »

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SPY

SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

, SPX

S&P 500

$0.00

(0.00%)

19:15
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General news
Trump's former lawyer Cohen met with Mueller multiple times, ABC says »

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SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

SPX

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$0.00

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SCS

Steelcase

$16.10

0.8 (5.23%)

, ACAD

Acadia

$19.08

3.97 (26.27%)

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TXN

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$108.50

1.14 (1.06%)

MCD

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$160.84

1.65 (1.04%)

RDS.A

Royal Dutch Shell

$66.83

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PIR

Pier 1 Imports

$1.80

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UNFI

United Natural Foods

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MU

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$46.06

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SGH

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KORS

Michael Kors

$72.72

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  • 20

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MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

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$97.47

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MZOR

Mazor Robotics

$52.70

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  • 09

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MDT

Medtronic

$97.47

1.01 (1.05%)

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Mazor Robotics

$52.70

2.44 (4.85%)

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Medtronic

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Mazor Robotics

$52.70

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  • 09

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:54
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18:54
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Upgrade
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  • 01

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:48
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18:48
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Acadia rating change at Piper Jaffray »

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  • 01

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SONA

Southern National Bancorp

$16.89

0.13 (0.78%)

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TSLA

Tesla

$298.32

-0.63 (-0.21%)

18:44
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CRBP

Corbus Pharmaceuticals

$7.90

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  • 20

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MCD

McDonald's

$160.84

1.65 (1.04%)

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  • 24

    Sep

MCD

McDonald's

$160.84

1.65 (1.04%)

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McDonald's raises quarterly dividendy by 15% to $1.16 per share »

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