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MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

19:00
09/20/18
09/20
19:00
09/20/18
19:00

Medtronic to acquire Mazor Robotics for $58.50 per ADS, or about $1.64B

Medtronic (MDT) and Mazor Robotics (MZOR) announced the companies have entered into a definitive merger agreement under which Medtronic will acquire all outstanding ordinary shares of Mazor for $58.50 per American Depository Share, or $29.25 (104.80 ILS) per ordinary share, in cash, for a total of approximately $1.64B, or $1.34B net of Medtronic's existing stake in Mazor and cash acquired. The boards of directors of both companies have unanimously approved the transaction. The acquisition is expected to close during Medtronic's third fiscal quarter ending January 25, 2019, subject to the satisfaction of customary closing conditions including receipt of regulatory clearances and approval by Mazor's shareholders. The transaction is expected to be modestly dilutive to Medtronic's fiscal 2019 adjusted earnings per share, but given the current strength of Medtronic's business, the company expects to absorb the dilution. Consistent with its long-term financial objectives, Medtronic projects the acquisition to generate a double-digit return on invested capital by year four, with an increasing contribution thereafter.

MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

  • 09

    Oct

MDT Medtronic
$97.47

1.01 (1.05%)

09/13/18
PIPR
09/13/18
NO CHANGE
Target $58
PIPR
Overweight
Globus Medical Nemaris acquisition to be modest contributor, says Piper Jaffray
Piper Jaffray analyst Matt O'Brien kept his Overweight rating and $58 price target on Globus Medical (GMED), saying the company's acquisition of Nemaris announced earlier today should be a "modest revenue contributor". The analyst estimates the price tag around $20M. Longer term, the analyst expects Nemaris' marketed Surgimap to bring help to the company in terms of staying ahead of Medtronic (MDT) in the surgical planning category.
09/05/18
OPCO
09/05/18
NO CHANGE
Target $54
OPCO
Outperform
Tandem Diabetes price target raised to $54 from $38 at Oppenheimer
Oppenheimer analyst Steven Lichtman raised his price target for Tandem Diabetes (TNDM) to $54 from $38 on updated market estimates. The analyst notes that Medtronic's (MDT) recently reported Q1 diabetes results combined with the Q2 performances from Tandem as well as Insulet (PODD) suggests a strong underlying U.S. insulin pump market. Lichtman is raising his U.S. insulin market growth outlook from high-single digits to low-double digits in 2019/2020. He believes Tandem is well suited to capture the benefits of this acceleration given its pipeline. Lichtman reiterates an Outperform rating on Tandem's shares.
09/05/18
PIPR
09/05/18
NO CHANGE
Target $150
PIPR
Overweight
Piper says investors need exposure to CGM market, prefers DexCom
The strong growth of the continuous glucose monitoring market seen in Q2 will continue for the next several years as CGM pushes towards standard of care in Type 1 diabetes and shows healthy adoption from insulin using Type 2s, Piper Jaffray analyst JP McKim tells investors in a research note. For mass adoption, pricing will need to come down, but even at $3-$4 per day in developed markets CGM is still an $80B worldwide addressable market, the analyst says. He thinks investors "need to have exposure" to the CGM market, and DexCom (DXCM) remains his favorite way to play the space. McKim keeps an Overweight rating on the shares with a $150 price target. He points out that Abbott (ABT), Dexcom and even Medtronic (MDT) posted CGM numbers in Q2 that were much better than expected.
09/04/18
JEFF
09/04/18
UPGRADE
Target $42
JEFF
Buy
Jefferies upgrades Boston Scientific to Buy after TAVR doctor survey
Jefferies analyst Raj Denhoy upgraded Boston Scientific (BSX) to Buy from Hold and raised his price target for the shares to $42 from $34. He upgraded the shares after surveying 25 U.S. transcatheter aortic valve replacement doctors to gauge interest in tBoston Scientific's Lotus value. While feedback was better for Edwards Lifesciences (EW) and Medtronic's (MDT) valves, the majority of respondents were still interested in trying Lotus and expected the valve to capture 16%-18% share of the market, Denhoy tells investors in a research note. He notes that by 2022, the U.S. TAVR market is expected to be $3.1B and the global market $6.5B. Boston Scientific's revenue growth can be sustained at 7% through at least 2022, Denhoy writes. That level of growth keeps Boston Scientific at the upper end of medtech growth and supports a positive view on the stock, the analyst adds.
MZOR Mazor Robotics
$52.70

2.44 (4.85%)

05/31/18
CANT
05/31/18
INITIATION
Target $57
CANT
Neutral
Mazor Robotics initiated with a Neutral at Cantor Fitzgerald
Cantor Fitzgerald analyst Craig Bijou started Mazor Robotics with a Neutral rating and $57 price target. The stock is trading at a premium valuation, which is "difficult to support given current uncertainties facing the business," the analyst contends.
05/31/18
CANT
05/31/18
INITIATION
Target $57
CANT
Neutral
Mazor Robotics initiated with a Neutral at Cantor Fitzgerald
Cantor Fitzgerald initiated Mazor Robotics with a Neutral and $57 price target.
05/15/18
WELS
05/15/18
NO CHANGE
Target $62
WELS
Market Perform
Mazor Robotics price target raised to $62 from $56 at Wells Fargo
Wells Fargo analyst Lawrence Biegelsen raised his price target for Mazor Robotics to $62 from $56 after the company reported Q1 results that were slightly ahead of his expectations. The analyst reiterates a Market Perform rating on the shares.
04/04/18
NEED
04/04/18
UPGRADE
Target $57
NEED
Buy
Globus Medical upgraded to Buy at Needham on trauma market entry and valuation
As reported earlier, Needham analyst Mike Matson upgraded Globus Medical (GMED) to Buy from Hold with a price target of $57. Matson cites the company's ExcelsiusGPS robot becoming more competitive with Mazor's (MZOR) Mazor X and the prospects for entry into the trauma market accelerating Globus Medical's growth. Moreover, Matson sees the stock as undervalued on the basis of his sum-of-parts analysis, stating that his price objective could be achieved in 2019.

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SPY

SPDR S&P 500 ETF Trust

$273.44

-1.58 (-0.57%)

, SPX

S&P 500

$0.00

(0.00%)

21:11
10/23/18
10/23
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21:11
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Trump escalates attacks on FOMC head Powell, WSJ reports »

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CAG

Conagra Brands

$36.41

0.17 (0.47%)

21:06
10/23/18
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21:06
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21:06
Initiation
Conagra Brands initiated at Goldman Sachs »

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YUM

Yum! Brands

$88.81

-0.52 (-0.58%)

20:41
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20:41
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Yum! Brands rating change at Stifel »

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WING

Wingstop

$69.62

-0.48 (-0.68%)

20:38
10/23/18
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20:38
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20:38
Downgrade
Wingstop rating change at Stifel »

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BJRI

BJ's Restaurants

$65.49

-1.4 (-2.09%)

20:35
10/23/18
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20:35
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20:35
Downgrade
BJ's Restaurants rating change at Stifel »

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AMSSY

AMS AG

$0.00

(0.00%)

20:34
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20:34
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AMS AG rating change at JPMorgan »

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F

Ford

$8.60

0.185 (2.20%)

20:25
10/23/18
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20:25
Hot Stocks
Ford names Anning Chen the new head of China business »

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T

AT&T

$33.03

0.37 (1.13%)

, BA

Boeing

$349.74

-6.24 (-1.75%)

20:25
10/23/18
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Earnings
Notable companies reporting before tomorrow's open »

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AT&T

$33.03

0.37 (1.13%)

BA

Boeing

$349.74

-6.24 (-1.75%)

UPS

UPS

$114.22

-1.38 (-1.19%)

TMO

Thermo Fisher

$223.46

-2.29 (-1.01%)

GD

General Dynamics

$187.80

-2.26 (-1.19%)

NOC

Northrop Grumman

$304.17

-2.6 (-0.85%)

BSX

Boston Scientific

$36.03

-0.6 (-1.64%)

NSC

Norfolk Southern

$156.94

-7 (-4.27%)

ITW

Illinois Tool Works

$126.51

-0.89 (-0.70%)

SIRI

Sirius XM

$5.96

-0.06 (-1.00%)

HLT

Hilton

$68.89

-1.28 (-1.82%)

FCX

Freeport McMoRan

$11.61

-0.395 (-3.29%)

QSR

Restaurant Brands

$56.80

0.15 (0.26%)

NDAQ

Nasdaq

$81.73

0.72 (0.89%)

IVZ

Invesco

$21.18

0.06 (0.28%)

OC

Owens Corning

$47.46

-1.26 (-2.59%)

NYCB

New York Community Bancorp

$9.41

0.03 (0.32%)

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NDLS

Noodles & Company

$12.70

0.11 (0.87%)

20:12
10/23/18
10/23
20:12
10/23/18
20:12
Conference/Events
Noodles & Company participates in a conference call with Jefferies »

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LIQT

LiqTech

$1.31

-0.01 (-0.76%)

20:02
10/23/18
10/23
20:02
10/23/18
20:02
Conference/Events
LiqTech to host conference call »

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  • 15

    Nov

19:45
10/23/18
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19:45
General news
Breaking General news story  »

Kansas City Federal…

FBMS

First Bancshares

$35.68

-0.53 (-1.46%)

19:36
10/23/18
10/23
19:36
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19:36
Earnings
First Bancshares reports Q3 adjusted EPS 62c, consensus 60c »

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PTI

Proteostasis

$7.39

0.22 (3.07%)

19:30
10/23/18
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19:30
Syndicate
Proteostasis 11M share Secondary priced at $6.75 »

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  • 24

    Oct

NCOM

National Commerce

$37.80

0.38 (1.02%)

19:19
10/23/18
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Earnings
National Commerce reports Q3 EPS 59c, consensus 63c »

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ON

ON Semiconductor

$16.09

0.21 (1.32%)

19:14
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ON Semiconductor announces CE certification for Sigfox RF solution »

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  • 29

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LPT

Liberty Property

$41.51

1.285 (3.19%)

, CMCSA

Comcast

$35.63

-0.12 (-0.34%)

19:10
10/23/18
10/23
19:10
10/23/18
19:10
Recommendations
Liberty Property, Comcast analyst commentary at MUFG »

Liberty Property price…

LPT

Liberty Property

$41.51

1.285 (3.19%)

CMCSA

Comcast

$35.63

-0.12 (-0.34%)

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MANH

Manhattan Associates

$47.61

-0.36 (-0.75%)

, RRC

Range Resources

$16.46

-0.24 (-1.44%)

18:55
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS:…

MANH

Manhattan Associates

$47.61

-0.36 (-0.75%)

RRC

Range Resources

$16.46

-0.24 (-1.44%)

TER

Teradyne

$32.20

-0.09 (-0.28%)

TSS

TSYS

$92.62

-0.85 (-0.91%)

NAVI

Navient

$12.40

-0.13 (-1.04%)

COF

Capital One

$87.12

-1.5 (-1.69%)

JNPR

Juniper

$27.37

-1.11 (-3.90%)

RHI

Robert Half

$64.01

0.63 (0.99%)

CMTA

Clementia Pharmaceuticals

$10.00

0.41 (4.28%)

APC

Anadarko

$61.84

-2.1 (-3.28%)

COG

Cabot Oil & Gas

$22.72

-0.44 (-1.90%)

AKRX

Akorn

$6.47

-0.12 (-1.82%)

IIVI

II-VI

$38.01

-0.44 (-1.14%)

NDLS

Noodles & Company

$12.70

0.11 (0.87%)

MKSI

MKS Instruments

$73.35

-1.13 (-1.52%)

IRBT

iRobot

$91.69

0.91 (1.00%)

CSL

Carlisle

$102.37

-0.64 (-0.62%)

TXN

Texas Instruments

$100.25

0.51 (0.51%)

EW

Edwards Lifesciences

$148.31

-1.175 (-0.79%)

AI

Arlington Asset Investment

$8.34

-0.07 (-0.83%)

UMBF

UMB Financial

$62.37

-1.32 (-2.07%)

FCF

First Commonwealth

$14.66

0.245 (1.70%)

VAR

Varian Medical

$104.27

-0.24 (-0.23%)

QEP

QEP Resources

$9.74

-0.52 (-5.07%)

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    Oct

BLK

BlackRock

$387.58

-4.76 (-1.21%)

, ISNPY

Intesa Sanpaolo

$0.00

(0.00%)

18:51
10/23/18
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18:51
10/23/18
18:51
Periodicals
BlackRock cools on buying Intesa asset management unit stake, Bloomberg says »

BlackRock's (BLK)…

BLK

BlackRock

$387.58

-4.76 (-1.21%)

ISNPY

Intesa Sanpaolo

$0.00

(0.00%)

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  • 26

    Oct

PAAS

Pan American Silver

$15.09

-0.19 (-1.24%)

18:50
10/23/18
10/23
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18:50
Hot Stocks
Pan American Silver announces major discovery at La Colorada in Mexico »

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  • 07

    Nov

PFE

Pfizer

$44.09

-0.28 (-0.63%)

, LLY

Eli Lilly

$110.41

-1.66 (-1.48%)

18:42
10/23/18
10/23
18:42
10/23/18
18:42
Hot Stocks
Pfizer, Eli Lilly: Phase 3 study of tanezumab met all three co-primary endpoints »

Pfizer (PFE) and Eli…

PFE

Pfizer

$44.09

-0.28 (-0.63%)

LLY

Eli Lilly

$110.41

-1.66 (-1.48%)

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EXPI

eXp World Holdings

$12.11

-0.39 (-3.12%)

18:31
10/23/18
10/23
18:31
10/23/18
18:31
Hot Stocks
eXp World Holdings signs LOI to acquire VirBELA, terms not disclosed »

eXp World Holdings, the…

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  • 06

    Nov

IIVI

II-VI

$38.01

-0.44 (-1.14%)

18:26
10/23/18
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18:26
10/23/18
18:26
Initiation
II-VI initiated at DA Davidson »

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  • 01

    Nov

XOM

Exxon Mobil

$79.83

-1.32 (-1.63%)

, CVX

Chevron

$113.41

-3.82 (-3.26%)

18:22
10/23/18
10/23
18:22
10/23/18
18:22
Periodicals
Endeavor Energy explores possible sale of company, WSJ reports »

Endeavor Energy Resources…

XOM

Exxon Mobil

$79.83

-1.32 (-1.63%)

CVX

Chevron

$113.41

-3.82 (-3.26%)

BP

BP

$42.30

-0.855 (-1.98%)

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  • 02

    Nov

VMI

Valmont

$127.55

-1.68 (-1.30%)

18:09
10/23/18
10/23
18:09
10/23/18
18:09
Hot Stocks
Breaking Hot Stocks news story on Valmont »

Valmont lowers FY18 free…

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  • 24

    Oct

VMI

Valmont

$127.55

-1.68 (-1.30%)

18:08
10/23/18
10/23
18:08
10/23/18
18:08
Earnings
Valmont lowers FY18 EPS view to $7.50-$7.65 from $7.55-$7.65, consensus $7.58 »

Sees FY18 revenue…

03/08/13
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