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BX

Blackstone

$35.06

0.43 (1.24%)

, GS

Goldman Sachs

$227.26

1.96 (0.87%)

09:03
07/13/18
07/13
09:03
07/13/18
09:03

Goldman Sachs, Blackstone acquire minority stake in Francisco Partners

Francisco Partners, a technology-focused private equity firm, announced that Blackstone's (BX) Strategic Capital Group and Goldman Sachs (GS) Asset Management's Petershill program have acquired a minority stake in Francisco Partners. The investment provides Francisco Partners with balance-sheet capital to continue to develop its strong platform while increasing commitments to its own funds, strengthening its alignment with limited partners. Terms of the transaction were not disclosed.

BX

Blackstone

$35.06

0.43 (1.24%)

GS

Goldman Sachs

$227.26

1.96 (0.87%)

  • 19

    Jul

BX Blackstone
$35.06

0.43 (1.24%)

05/21/18
LEHM
05/21/18
UPGRADE
LEHM
Equal Weight
LaSalle Hotel upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Felicia Kantor Hendrix upgraded LaSalle Hotel (LHO) to Equal Weight from Underweight following the company's announcement that it has agreed to be acquired by Blackstone (BX).
05/22/18
BARD
05/22/18
DOWNGRADE
Target $34
BARD
Neutral
LaSalle Hotel downgraded to Neutral from Outperform at Baird
Baird analyst Michael Bellisario downgraded LaSalle Hotel (LHO) to Neutral following its buyout offer from Blackstone (BX). The agreement puts the shares at full valuation and essentially matches his buyout math. As a result, he believes a higher bid is unlikely. Bellisario raised his price target to $34 from $32 on LaSalle Hotel shares.
06/08/18
BUCK
06/08/18
NO CHANGE
Target $46
BUCK
Buy
Aspen Insurance exit value $48-$50 per share, says Buckingham
Buckingham analyst Amit Kumar says a 1.25 to 1.3 times multiple on Aspen Insurance's (AHL) current book value gives an exit value of $48-$50 per share. Insurance Insider published a story yesterday that noted the potential finalists in the Aspen bidding process are Blackstone (BX) and Apollo (APO), Kumar tells investors in a research note. He continues to be a buyer of the stock with a Buy rating and $46 price target.
07/10/18
MUFG
07/10/18
DOWNGRADE
Target $27.5
MUFG
Neutral
Gramercy Property Trust downgraded to Neutral from Overweight at MUFG
MUFG analyst Karin Ford downgraded Gramercy Property Trust (GPT) to Neutral with an unchanged price target of $27.50 citing the company's agreement to be acquired by Blackstone (BX).
GS Goldman Sachs
$227.26

1.96 (0.87%)

04/18/18
BMOC
04/18/18
NO CHANGE
Target $245
BMOC
Market Perform
Goldman Sachs price target raised to $245 from $221 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Goldman Sachs (GS) to $245 after the company's Q1 revenue beat, saying it is "back to stealing market share in its core business" as its FICC - fixed income, currencies, and commodities - trading rose 23% vs. a 4% decline for peers. The analyst adds that while Goldman Sachs will continue to experience positive operating leverage, its valuation relative to Morgan Stanley (MS) cannot be justified, favoring the latter based on its greater exposure to higher-multiple asset management businesses. Fotheringham keeps his Market Perform rating on Goldman Sachs.
06/20/18
DBAB
06/20/18
UPGRADE
Target $76
DBAB
Buy
Citi upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matt O'Connor upgraded Citi (C) to Buy and raised his price target for the shares to $76 from $74. The analyst also calls Goldman Sachs (GS) and Wells Fargo (WFC) his top picks ahead of the Q2 reporting season.
06/22/18
OPCO
06/22/18
NO CHANGE
OPCO
Outperform
CIT a 'clear winner' of Dodd-Frank Stress Tests, says Oppenheimer
Oppenheimer analyst Chris Kotowski noted that Dodd-Frank Stress Test results were released last night and all 35 banks passed. As a result, he told investors in a research note that he does not expect the industry's ability to return capital to be significantly impacted, supporting his view that banks outperform the broader market as the capital returns mean higher ROTCEs, lower share count and higher EPS. Kotowski contended that one clear winner this year is CIT (CIT), as the CCAR limit was increased to $100B, and thus CIT is now exempt, but noted that on the adverse side, Goldman (GS) "squeaked by" with a 5.6% minimum CET 1.
06/29/18
OPCO
06/29/18
NO CHANGE
Target $88
OPCO
Outperform
Oppenheimer says 'particularly pleased' with Citi's $17.6B share buyback
Following the release of CCAR results for 2018, Oppenheimer analysts Chris Kotowski and Ben Chittenden told investors in a research note that they are "particularly pleased" with Citi's (C) $17.6B share buyback, up 13% from last year and above their $16.5B estimate, while the dividend increase to 45c was also 5c better than expected. The analysts noted that both Goldman (GS) and Morgan Stanley (MS) got "conditional passes" on their capital plans, as both banks "ran a bit afoul" of the supplementary leverage ratio limitation.

TODAY'S FREE FLY STORIES

CVS

CVS Health

$74.49

1.33 (1.82%)

08:25
10/15/18
10/15
08:25
10/15/18
08:25
Conference/Events
Economic Club of Washington, D.C. to hold luncheon meeting »

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  • 15

    Oct

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    Oct

WTI

W&T Offshore

$7.38

0.12 (1.65%)

08:24
10/15/18
10/15
08:24
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08:24
Upgrade
W&T Offshore rating change  »

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TYME

Tyme Technologies

$2.52

-0.11 (-4.18%)

08:24
10/15/18
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10/15/18
08:24
Hot Stocks
Tyme Technologies appoints Michele Korfin as CCO »

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TDC

Teradata

$35.00

0.87 (2.55%)

08:24
10/15/18
10/15
08:24
10/15/18
08:24
Conference/Events
Teradata to hold customer conference »

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  • 22

    Oct

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  • 01

    Nov

AMTD

TD Ameritrade

$50.52

0.72 (1.45%)

08:23
10/15/18
10/15
08:23
10/15/18
08:23
Conference/Events
TD Ameritrade to hold a daily program »

TD Ameritrade Network, a…

03/08/13
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  • 23

    Oct

IMPV

Imperva

$55.32

0.05 (0.09%)

08:21
10/15/18
10/15
08:21
10/15/18
08:21
Downgrade
Imperva rating change  »

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  • 06

    Nov

  • 13

    Nov

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
10/15/18
10/15
08:21
10/15/18
08:21
Technical Analysis
DJ Transportation Average: Pivot points »

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DFS

Discover

$74.60

0.365 (0.49%)

08:20
10/15/18
10/15
08:20
10/15/18
08:20
Hot Stocks
Discover reports September charge-off rate 3.2% vs. 3.1% last month »

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  • 21

    Oct

  • 25

    Oct

$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
10/15/18
10/15
08:20
10/15/18
08:20
Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
10/15/18
10/15
08:20
10/15/18
08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$188.69

1.55 (0.83%)

08:20
10/15/18
10/15
08:20
10/15/18
08:20
Technical Analysis
iShares Transportation Average: Pivot points »

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08:20
10/15/18
10/15
08:20
10/15/18
08:20
General news
NY Empire State index preview: »

NY Empire State index…

XLK

Technology Select Sector SPDR

$70.83

2.15 (3.13%)

08:19
10/15/18
10/15
08:19
10/15/18
08:19
Technical Analysis
Technology Select Sector SPDR: Pivot points »

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CDAY

Ceridian

$36.23

0.53 (1.48%)

08:19
10/15/18
10/15
08:19
10/15/18
08:19
Conference/Events
Ceridian to hold a conference »

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  • 15

    Oct

XLE

Energy Select Sector SPDR

$72.95

0.2 (0.27%)

08:19
10/15/18
10/15
08:19
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08:19
Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

$108.56

2.05 (1.92%)

08:19
10/15/18
10/15
08:19
10/15/18
08:19
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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XLB

S&P Select Materials SPDR

$53.78

0.18 (0.34%)

08:19
10/15/18
10/15
08:19
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08:19
Technical Analysis
S&P Select Materials SPDR: Pivot points »

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KLAC

KLA-Tencor

$93.18

1.37 (1.49%)

08:19
10/15/18
10/15
08:19
10/15/18
08:19
Downgrade
KLA-Tencor rating change  »

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HAS

Hasbro

$98.33

0.45 (0.46%)

08:18
10/15/18
10/15
08:18
10/15/18
08:18
Recommendations
Hasbro analyst commentary  »

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  • 22

    Oct

  • 15

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XLU

Utilities SPDR

$52.97

-0.04 (-0.08%)

08:18
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10/15
08:18
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Utilities SPDR: Pivot points »

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SPX

S&P 500

$0.00

(0.00%)

08:18
10/15/18
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08:18
Technical Analysis
S&P 500: Pivot points »

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XLP

Consumer Staples Sector SPDR

$52.38

0.29 (0.56%)

08:18
10/15/18
10/15
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10/15/18
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Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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XLV

Health Care Select Sector SPDR

$91.07

1.37 (1.53%)

08:18
10/15/18
10/15
08:18
10/15/18
08:18
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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GAIN

Gladstone Investment

$10.57

-0.13 (-1.22%)

08:18
10/15/18
10/15
08:18
10/15/18
08:18
Hot Stocks
Gladstone Investment makes additional investment in portfolio company »

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  • 06

    Nov

IWM

iShares Trust Russell 2000 Index Fund

$153.60

-0.01 (-0.01%)

08:18
10/15/18
10/15
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10/15/18
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Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

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