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CVA

Covanta

$17.45

0.15 (0.87%)

, BW

Babcock & Wilcox

$1.87

-0.09 (-4.59%)

16:39
08/09/18
08/09
16:39
08/09/18
16:39

Covanta to purchase Babcock & Wilcox energy-from-waste subsidiary for $45M

Covanta (CVA) signed an agreement to purchase a subsidiary of Babcock & Wilcox (BW) with the operating and maintenance contracts for two Energy-from-Waste facilities in Palm Beach County, Florida for $45M. The facilities are owned by the Solid Waste Authority of Palm Beach County and have a combined capacity of 1.7 million tons per year. The transaction is expected to close during Q3.

CVA

Covanta

$17.45

0.15 (0.87%)

BW

Babcock & Wilcox

$1.87

-0.09 (-4.59%)

  • 09

    Aug

CVA Covanta
$17.45

0.15 (0.87%)

01/07/18
GSCO
01/07/18
UPGRADE
Target $16
GSCO
Neutral
Covanta upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Brian Lee upgraded Covanta Holding to Neutral and raised his price target for the shares to $16 from $15. The analyst believes the company's recent de-levering and operational updates at key facilities improve its longer term risk/reward profile. He sees higher downside risk elsewhere in the sector.
03/14/18
UBSW
03/14/18
INITIATION
Target $15
UBSW
Neutral
Covanta initiated with a Neutral at UBS
UBS initiated Covanta with a Neutral and $15 price target.
03/15/18
UBSW
03/15/18
INITIATION
Target $15
UBSW
Neutral
Covanta initiated with a Neutral at UBS
UBS analyst Jon Windham started Covanta with a Neutral rating and $15 price target when rolling out coverage last night on North American Environmental Services.
BW Babcock & Wilcox
$1.87

-0.09 (-4.59%)

08/14/17
UBSW
08/14/17
DOWNGRADE
Target $3
UBSW
Neutral
Babcock & Wilcox downgraded to Neutral from Buy at UBS
UBS analyst Steven Fisher downgraded Babcock & Wilcox to Neutral citing lower earnings, ongoing project issues and more debt on the balance sheet following the company's Q2 results. The analyst cut his price target for the shares to $3 from $13.
08/14/17
08/14/17
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. Babcock & Wilcox (BW) downgraded to Neutral from Buy at UBS with analyst Steven Fisher citing lower earnings, ongoing project issues and more debt on the balance sheet following the company's second quarter results. The analyst cut his price target for the shares to $3 from $13. 2. Summit Hotel Properties (INN) downgraded to Underperform from Buy at BofA/Merrill. 3. Pure Storage (PSTG) downgraded to Hold from Buy at Maxim with analyst Nehal Chokshi saying he believes Flash Blade's "lack of depth of data management features" presents risk to meeting guidance of accelerating year-over-year growth. 4. CNO Financial (CNO) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Nigel Dally saying valuation is full with shares near all-time highs and has concerns about deteriorating sales and management's tempered expectations around ROE growth. 5. Acushnet Holdings (GOLF) downgraded on growth concerns at DA Davidson with analyst Andrew Bruns citing his increased caution on the growth outlook of its Club, FootJoy and Performance units. 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

TROX

Tronox

$7.77

0.05 (0.65%)

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STX

Seagate

$39.39

-0.61 (-1.53%)

, WDC

Western Digital

$39.95

-1.01 (-2.47%)

17:13
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Seagate, Western Digital initiated  »

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STX

Seagate

$39.39

-0.61 (-1.53%)

WDC

Western Digital

$39.95

-1.01 (-2.47%)

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  • 07

    Jan

UHS

Universal Health

$132.00

0.765 (0.58%)

17:12
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17:12
Downgrade
Universal Health rating change  »

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WCG

WellCare

$244.34

-0.42 (-0.17%)

17:09
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WellCare rating change  »

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ACIA

Acacia Communications

$42.25

-0.62 (-1.45%)

17:08
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Acacia reports 400G single carrier DWDM transmission on Marea cable »

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IMAX

Imax

$19.35

-0.2 (-1.02%)

17:07
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Imax to close remaining VR locations, sees one-time charges of $6.9M in Q4 »

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TIK

Tel-Instrument

$3.05

(0.00%)

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Hot Stocks
Tel-Instrument receives $615K test set order »

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CTMX

CytomX Therapeutics

$14.87

-0.13 (-0.87%)

17:04
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17:04
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17:04
Upgrade
CytomX Therapeutics rating change  »

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QDEL

Quidel

$50.74

-0.67 (-1.30%)

17:03
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Hot Stocks
Quidel announces availability of Triage PLGF assay »

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JBHT

J.B. Hunt

$95.89

-2.36 (-2.40%)

17:02
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Hot Stocks
J.B. Hunt announces arbitration update with BNSF Railway Company »

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CWT

California Water Service

$48.57

0.77 (1.61%)

17:02
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Hot Stocks
CPUC approves Cal Water provision of water service to Travis Air Force Base »

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NEU

NewMarket

$393.05

-6.78 (-1.70%)

17:02
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Hot Stocks
NewMarket approves new $500M stock repurchase program »

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CMT

Core Molding

$7.90

-0.4 (-4.82%)

17:01
12/13/18
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17:01
Hot Stocks
Core Molding names Tom Cellitti vice chairman »

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ADXS

Advaxis

$0.36

-0.0071 (-1.93%)

, AMGN

Amgen

$197.47

1.06 (0.54%)

17:00
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Hot Stocks
Advaxis receives notice of termination from Amgen relating to ADXS-NEO program »

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ADXS

Advaxis

$0.36

-0.0071 (-1.93%)

AMGN

Amgen

$197.47

1.06 (0.54%)

03/08/13
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  • 16

    Jan

GLNCY

Glencore

$0.00

(0.00%)

16:58
12/13/18
12/13
16:58
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16:58
Periodicals
China's GEM halts buying cobalt from Glencore, Reuters reports »

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RH

RH

$130.06

-6.15 (-4.52%)

16:58
12/13/18
12/13
16:58
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16:58
Syndicate
RH says no longer exploring $300M convertible notes offering »

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AXON

Axovant Sciences

$1.13

-0.07 (-5.83%)

16:57
12/13/18
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Syndicate
Axovant Sciences files to sell common stock, no amount given »

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PG

Procter & Gamble

$96.50

2.47 (2.63%)

16:56
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Upgrade
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  • 03

    Mar

JBHT

J.B. Hunt

$95.89

-2.36 (-2.40%)

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Breaking Hot Stocks news story on J.B. Hunt »

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GSK

GlaxoSmithKline

$37.94

0.26 (0.69%)

16:53
12/13/18
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16:53
Initiation
GlaxoSmithKline initiated  »

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  • 13

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$265.41

-0.12 (-0.05%)

16:53
12/13/18
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Periodicals
Federal prosecutors investigating Trump inauguration spending, WSJ reports »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$265.41

-0.12 (-0.05%)

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MG

Mistras

$14.94

-0.79 (-5.02%)

16:52
12/13/18
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Conference/Events
Mistras to hold a conference call »

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AGRX

Agile Therapeutics

$0.83

-0.0037 (-0.45%)

16:51
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Hot Stocks
Agile Therapeutics to resubmit the Twirla NDA in 1H19 »

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AMZN

Amazon.com

$1,660.00

-3.4 (-0.20%)

16:49
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Periodicals
Amazon ran sting to identify counterfeit textbooks, CNBC says »

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  • 19

    Dec

  • 20

    Dec

AZN

AstraZeneca

$39.23

0.32 (0.82%)

16:49
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Initiation
AstraZeneca initiated  »

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  • 13

    Dec

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