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ADBE

Adobe

$237.92

-0.12 (-0.05%)

16:06
05/21/18
05/21
16:06
05/21/18
16:06

Adobe to acquire Magento Commerce for $1.68B

Adobe announced it has entered into a definitive agreement to acquire Magento Commerce, a commerce platform, for $1.68B, subject to customary purchase price adjustments. The addition of the Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud, delivering a single platform that serves both B2B and B2C customers globally. The Magento Platform brings together digital commerce, order management and predictive intelligence into a unified commerce platform enabling shopping experiences across a wide array of industries. Upon close, Magento CEO Mark Lavelle will continue to lead the Magento team as part of Adobe's Digital Experience business, reporting to executive vice president and general manager Brad Rencher. The transaction, which is expected to close during the third quarter of Adobe's 2018 fiscal year, is subject to regulatory approval and customary closing conditions. Until the transaction closes, each company will continue to operate independently.

ADBE Adobe
$237.92

-0.12 (-0.05%)

03/26/18
JMPS
03/26/18
DOWNGRADE
JMPS
Market Perform
Adobe downgraded to Market Perform from Outperform at JMP Securities
03/26/18
03/26/18
DOWNGRADE

Market Perform
Adobe downgraded to Market Perform after run-up at JMP Securities
As previously reported, JMP Securities analyst Patrick Walravens downgraded Adobe Systems (ADBE) to Market Perform from Outperform as he believes the shares are fairly valued after having risen 69% in 2017 and a further 21% year-to-date. On the plus side, he notes that Adobe's Creative Cloud continues with "near-monopoly competitive power", its international business is growing and its CEO said on the Q1 earnings call that he expects the "momentum to continue." However, Walravens also expresses caution that the strategic partnership between Google (GOOGL) and Salesforce (CRM) could negatively impact the competitive position for Adobe's Experience Cloud.
03/26/18
03/26/18
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. Adobe (ADBE) downgraded to Market Perform from Outperform at JMP Securities with analyst Patrick Walravens saying he believes the shares are fairly valued after having risen 69% in 2017 and a further 21% year-to-date. 2. Dover (DOV) downgraded to Neutral from Overweight at JPMorgan with analyst Steve Tusa saying a lack of near-term catalysts makes the risk/reward profile no longer attractive. 3. AMD (AMD) downgraded to Negative from Neutral at Susquehanna with analyst Christopher Rolland saying he confirmed Bitmain has developed an ASIC for Ethereum mining, which he believes accounted for roughly 20% of AMD's sales. 4. Jack in the Box (JACK) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst John Glass saying he sees limited upside and ongoing top-line risk. 5. Willis Towers Watson (WLTW) downgraded to Underperform from Neutral at BofA/Merrill with analyst Jay Cohen saying while Willis' organic growth rebounded in 2017, its inconsistent margin performance detracts a bit from his confidence in the company's near-term earnings power. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/28/18
RBCM
03/28/18
NO CHANGE
Target $242
RBCM
Outperform
Adobe digital marketing to see 'limited disruption', says RBC Capital
RBC Capital analyst Ross MacMillan writes that Adobe's (ADBE) Digital Marketing Summit was timely amid renewed data privacy and social media advertising related scandals at Facebook (FB). The analyst says that the discussions with the company's customers and partners regarding increased scrutiny in the space suggest that Adobe "remains well placed to serve this market" and will see only a limited near-term disruption. MacMillan adds that the likelihood of "greater fragmentation" in social media advertising from regulatory changes will be positive for Adobe as a "digital marketing platform vendor that solves complexity". The analyst keeps his Outperform rating and $242 price target.

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MDT

Medtronic

$96.09

0.09 (0.09%)

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TLRY

Tilray

$132.62

12.42 (10.33%)

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BBT

BB&T

$50.16

-0.08 (-0.16%)

10:01
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Earnings
BB&T announces $5M investment in Enigma »

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GIS

General Mills

$44.99

-2.78 (-5.82%)

10:00
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Technical Take: General Mills falls sharply after earnings »

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BBY

Best Buy

$77.25

0.22 (0.29%)

10:00
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Notable short-term option spreads in Best Buy »

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ACBFF

Aurora Cannabis

$0.00

(0.00%)

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Aurora Cannabis trading in Canada halted, pending news »

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UNP

Union Pacific

$164.22

7.49 (4.78%)

09:58
09/18/18
09/18
09:58
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09:58
Conference/Events
Union Pacific to hold a conference call »

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UNP

Union Pacific

$164.03

7.3 (4.66%)

, FTI

TechnipFMC

$30.94

1.03 (3.44%)

09:55
09/18/18
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09:55
Options
Early notable gainers among liquid option names on September 18th »

Notable gainers among…

UNP

Union Pacific

$164.03

7.3 (4.66%)

FTI

TechnipFMC

$30.94

1.03 (3.44%)

UHS

Universal Health

$131.36

5.33 (4.23%)

RIG

Transocean

$11.97

0.375 (3.23%)

HES

Hess Corp.

$68.20

1.41 (2.11%)

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U.S. NAHB housing market index preview: »

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MBFI

MB Financial

$47.37

(0.00%)

, FITB

Fifth Third

$28.70

-0.01 (-0.03%)

09:50
09/18/18
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MB Financial receives shareholder approval for merger with Fifth Third »

MB Financial (MBFI)…

MBFI

MB Financial

$47.37

(0.00%)

FITB

Fifth Third

$28.70

-0.01 (-0.03%)

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  • 18

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UNP

Union Pacific

$163.89

7.16 (4.57%)

09:49
09/18/18
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09:49
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09:49
Technical Analysis
Technical Take: Union Pacific moves to new high, analyst action »

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  • 06

    Nov

FATE

Fate Therapeutics

$11.06

(0.00%)

09:49
09/18/18
09/18
09:49
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09:49
Recommendations
Fate Therapeutics analyst commentary  »

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  • 01

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AZO

AutoZone

$717.00

-30.53 (-4.08%)

09:47
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AutoZone falls -4.2% »

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  • 18

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BRC

Brady

$43.45

-1.9 (-4.19%)

09:47
09/18/18
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Brady falls -3.8% »

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WK

Workiva

$34.60

-3.2 (-8.47%)

09:47
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Hot Stocks
Workiva falls -8.9% »

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SMG

Scotts Miracle-Gro

$79.42

0.45 (0.57%)

09:47
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Scotts Miracle-Gro management to meet with SunTrust »

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UNP

Union Pacific

$164.33

7.6 (4.85%)

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Union Pacific rises 4.8% »

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CRC

California Resources

$38.68

1.91 (5.19%)

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  • 03

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THO

Thor Industries

$109.35

11.78 (12.07%)

09:47
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Thor Industries rises 12.3% »

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  • 18

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General news
Housing Market Index to be reported at 10:00 »

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ATHN

Athenahealth

$143.26

(0.00%)

09:43
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CNBC's Faber: Elliott may not have walked away from Athenahealth »

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ELF

e.l.f. Beauty

$13.41

(0.00%)

, AVP

Avon Products

$2.09

(0.00%)

09:40
09/18/18
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09:40
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09:40
Periodicals
Dealreporter speculates on interest in e.l.f. Beauty after report about Avon »

After The Wall Street…

ELF

e.l.f. Beauty

$13.41

(0.00%)

AVP

Avon Products

$2.09

(0.00%)

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DXJ

WisdomTree Japan Hedged Equity Fund

$55.06

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, SPWR

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$6.58

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Unusually active option classes on open September 18th »

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DXJ

WisdomTree Japan Hedged Equity Fund

$55.06

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SPWR

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$6.58

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$49.19

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FDX

FedEx

$255.80

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FIT

Fitbit

$5.45

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BBY

Best Buy

$77.03

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PEP

PepsiCo

$115.40

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TLT

iShares 20+ Year Treasury Bond Fund

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XLI

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CALM

Cal-Maine Foods

$51.00

0.15 (0.29%)

09:39
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Cal-Maine Foods analyst commentary  »

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GPRO

GoPro

$6.38

0.165 (2.66%)

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