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GGP

GGP

$20.80

0.37 (1.81%)

, BPY

Brookfield Property

$19.91

0.57 (2.95%)

16:05
07/19/18
07/19
16:05
07/19/18
16:05

ISS, Glass Lewis recommend GGP holders vote for Brookfield Property deal

GGP Inc. (GGP) announced that independent proxy advisory firms Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC have both recommended that GGP stockholders vote "FOR" the merger proposal and "FOR" the related charter and bylaws proposals, each as described in GGP's definitive proxy statement for the special meeting of its stockholders to be held on July 26, 2018 at 9:00 a.m. CT in connection with GGP's proposed acquisition by Brookfield Property Partners (BPY).

GGP

GGP

$20.80

0.37 (1.81%)

BPY

Brookfield Property

$19.91

0.57 (2.95%)

  • 01

    Aug

GGP GGP
$20.80

0.37 (1.81%)

03/27/18
RHCO
03/27/18
DOWNGRADE
Target $23.5
RHCO
Hold
GGP downgraded to Hold from Buy at SunTrust
SunTrust analyst Ki Bin Kim downgraded GGP (GGP) to Hold from Buy and lowered the price target to $23.50 from $26 after Brookfield Property Partners (BPY) agreed to acquire the company at that price. While the improved offer represents only a "half-step" forward toward more equitable valuation relative to prior approach, the analyst ultimately expects this deal to close.
03/27/18
JPMS
03/27/18
DOWNGRADE
Target $23.5
JPMS
Neutral
GGP downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Mueller downgraded GGP (GGP) to Neutral and lowered his price target for the shares to $23.50 from $25.50. The analyst is shuffling his ratings in the REIT space following GGP's takeout by Brookfield Property Partners (BPY). He believes the price paid by Brookfield makes his "bullish mall thesis harder to push."
03/19/18
MZHO
03/19/18
UPGRADE
MZHO
Buy
GGP upgraded to Buy from Neutral at Mizuho
Mizuho analyst Haendel St. Juste upgraded GGP (GGP) to Buy and increased its price target to $24 following reports Brookfield Property (BPY) increased its offer for the company. The analyst thinks the probability of a deal getting done has increased and believes shares are worth $26.
02/26/18
SDLR
02/26/18
UPGRADE
Target $22
SDLR
Hold
Sandler sees balanced risk/reward on GGP, upgrades to Hold
Sandler O'Neill analyst Alexander Goldfarb upgraded earlier to Hold from Sell with a $22 price target. The analyst sees a more balanced risk/reward profile following the recent pullback in the shares. The analyst thinks there will "ultimately be a deal" for GGP, but he believes Brookfield is in no rush and will continue to use the general market weakness to its advantage.
BPY Brookfield Property
$19.91

0.57 (2.95%)

03/27/18
03/27/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. BB&T (BBT) upgraded to Buy from Neutral at B. Riley FBR and to Outperform from Market Perform at Wells Fargo. 2. Aratana Therapeutics (PETX) upgraded to Buy from Hold at Stifel with analyst Jonathan Block saying the early traction for Entyce, which was launched October 2017, has increased his conviction that the drug will act as the main revenue driver for Aratana in coming years. 3. Prologis (PLD) upgraded to Overweight from Neutral at JPMorgan with analyst Michael Mueller saying he is shuffling his ratings in the REIT space following GGP's (GGP) takeout by Brookfield Property Partners (BPY). 4. Brookfield Property (BPY) upgraded to Buy from Hold at Canaccord. 5. Roku (ROKU) upgraded to Neutral from Sell at Citi with analyst Mark May citing valuation for the upgrade following the stock's recent underperformance, but admits the upcoming lock-up expiration could serve as a negative catalyst. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/27/18
ADAM
03/27/18
UPGRADE
ADAM
Buy
Brookfield Property upgraded to Buy from Hold at Canaccord

TODAY'S FREE FLY STORIES

LB

L Brands

$24.88

0.59 (2.43%)

10:59
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IDYA

IDEAYA Biosciences

$0.00

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  • 23

    May

CNX

CNX Resources

$7.56

-0.26 (-3.32%)

10:50
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  • 29

    May

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Treasury Action: yields have extended lower as Wall Street sinks »

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AZZ

AZZ Inc.

$43.62

(0.00%)

10:46
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AZZ Inc. discloses change in independent registered public accounting firm »

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GSK

GlaxoSmithKline

$39.97

-0.22 (-0.55%)

10:45
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GSK to change sales representative incentive program »

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  • 20

    Jun

10:45
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General news
he April U.S. new home sales report beat estimates »

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Kansas City Fed Manufacturing Index Level to be reported at 11:00 »

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RTLR

Rattler Midstream

$0.00

(0.00%)

10:43
05/23/19
05/23
10:43
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10:43
Syndicate
Breaking Syndicate news story on Rattler Midstream »

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  • 23

    May

XLE

Energy Select Sector SPDR

$61.29

-2.23 (-3.51%)

10:40
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05/23
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10:40
Options
Massive ratio put spread in Energy SPDR ETF adjust profitable position »

Massive ratio put spread…

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ACAD

Acadia

$24.78

-0.33 (-1.31%)

, ALKS

Alkermes

$24.44

-0.61 (-2.44%)

10:39
05/23/19
05/23
10:39
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10:39
Conference/Events
JPMorgan biotech analysts to hold an analyst/industry conference call »

Biotech Analysts Fye,…

ACAD

Acadia

$24.78

-0.33 (-1.31%)

ALKS

Alkermes

$24.44

-0.61 (-2.44%)

ITCI

Intra-Cellular

$13.49

0.41 (3.13%)

NBIX

Neurocrine

$78.73

-1.14 (-1.43%)

SAGE

Sage Therapeutics

$173.51

-1.49 (-0.85%)

03/08/13
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03/06/13
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03/06/13
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  • 23

    May

  • 05

    Jun

  • 27

    Sep

IDYA

IDEAYA Biosciences

$0.00

(0.00%)

10:37
05/23/19
05/23
10:37
05/23/19
10:37
Syndicate
IDEAYA Biosciences indicated to open at $14, IPO priced at $10 »

IDEAYA Biosciences (IDYA)…

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  • 23

    May

CZR

Caesars

$8.96

-0.155 (-1.70%)

10:35
05/23/19
05/23
10:35
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10:35
Options
Caesars put volume heavy and directionally bearish »

Bearish flow noted in…

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10:30
05/23/19
05/23
10:30
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10:30
General news
EIA natural gas storage change for week ending May 17 »

Gas inventories 100 Bcf…

RTLR

Rattler Midstream

$0.00

(0.00%)

10:25
05/23/19
05/23
10:25
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10:25
Syndicate
Breaking Syndicate news story on Rattler Midstream »

Rattler Midstream…

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  • 23

    May

10:25
05/23/19
05/23
10:25
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10:25
Conference/Events
JPMorgan TMT analyst to hold an Analyst/Industry conference call »

TMT Sector Specialist…

AGR

Avangrid

$50.37

-0.04 (-0.08%)

10:23
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05/23
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10:23
Hot Stocks
Avangrid Renewables announces new wind contract with Dairyland »

Dairyland Power…

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  • 04

    Jun

AMX

America Movil, also tag AMOV

$14.15

-0.19 (-1.33%)

10:20
05/23/19
05/23
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10:20
Options
Call buyer opens a notable new position in American Movil »

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RTLR

Rattler Midstream

$0.00

(0.00%)

, FANG

Diamondback Energy

$103.16

-5.71 (-5.24%)

10:19
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10:19
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Syndicate
Breaking Syndicate news story on Rattler Midstream, Diamondback Energy »

Rattler Midstream…

RTLR

Rattler Midstream

$0.00

(0.00%)

FANG

Diamondback Energy

$103.16

-5.71 (-5.24%)

03/08/13
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  • 06

    Jun

  • 23

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
05/23/19
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
05/23/19
05/23
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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SUNW

Sunworks

$0.68

0.0226 (3.42%)

10:15
05/23/19
05/23
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Hot Stocks
Sunworks wins contract to build 1 MW solar project for California school »

Sunworks announced it has…

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RTLR

Rattler Midstream

$0.00

(0.00%)

, FANG

Diamondback Energy

$102.97

-5.9 (-5.42%)

10:15
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Syndicate
Rattler Midstream indicated to open at $17.50, IPO priced at $17.50 »

Rattler Midstream (RTLR),…

RTLR

Rattler Midstream

$0.00

(0.00%)

FANG

Diamondback Energy

$102.97

-5.9 (-5.42%)

03/08/13
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  • 06

    Jun

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    May

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