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FTNT

Fortinet

$79.36

-3.46 (-4.18%)

, EVHC

Envision Healthcare

$45.99

0.005 (0.01%)

04:55
10/11/18
10/11
04:55
10/11/18
04:55

Fortinet to replace Envision Healthcare in S&P 500 at open on 10/11

KKR & Co. (KKR) is acquiring Envision Healthcare (EVHC) in a deal expected to close on or about that date pending final conditions.

FTNT

Fortinet

$79.36

-3.46 (-4.18%)

EVHC

Envision Healthcare

$45.99

0.005 (0.01%)

KKR

KKR

$24.40

-1.66 (-6.37%)

  • 11

    Oct

  • 16

    Oct

  • 01

    Nov

  • 10

    Dec

FTNT Fortinet
$79.36

-3.46 (-4.18%)

10/08/18
MSCO
10/08/18
NO CHANGE
MSCO
Palo Alto Networks, Fortinet price targets raised after checks at Morgan Stanley
Morgan Stanley analysts Melissa Franchi, Keith Weiss and James Faucette said their channel checks and reseller survey data support generally solid results from firewall vendors continuing into the second half of 2018 and strengthening in 2019, adding that Palo Alto Networks (PANW) remains the clear share gainer in the space. Talks also suggest the refresh activity around physical appliances remains healthy, added the analysts, who raised their price targets on Palo Alto to $276 from $262 and on Fortinet (FTNT) to $88 from $67. The firm keeps Palo Alto as its top pick in software security.
09/27/18
CLVD
09/27/18
NO CHANGE
CLVD
Buy
Fortinet estimates raised on favorable demand at Cleveland Research
Cleveland Research analyst Ben Bollin raised Fortinet estimates to reflect favorable underlying business momentum as seen by expansion in the number of partners, increased investment by existing partners, and increased customer visibility. The analyst raised his FY18 growth estimate by 100bps to +20.1% versus consensus of +19.1%, and views FY19 consensus view of +14% as conservative. Bollin has a Buy rating on Fortinet shares.
09/26/18
OPCO
09/26/18
NO CHANGE
Target $97
OPCO
Outperform
Fortinet price target raised to $97 from $82 at Oppenheimer
Oppenheimer analyst Shaul Eyal raised his price target for Fortinet to $97 from $82, while reiterating an Outperform rating on the shares. With less than a week remaining in the quarter, Fortinet's momentum is exhibiting no signs of slowing down from its strong 1H18, he contends. The analyst believes continued outperformance could further expand its valuation multiple.
09/20/18
09/20/18
DOWNGRADE
Target $95

Neutral
Fortinet downgraded to Neutral from Buy at BofA/Merrill
As previously reported, BofA/Merrill downgraded Fortinet to Neutral from Buy primarily due to valuation and raised its price target to $95 from $78 on market strength.
EVHC Envision Healthcare
$45.99

0.005 (0.01%)

08/13/18
CANT
08/13/18
NO CHANGE
Target $46
CANT
Neutral
Envision Healthcare price target raised to $46 from $40 at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph France raised his price target for Envision Healthcare to $46 to reflect KKR's pending acquisition. The analyst notes the $9.9B deal is expected to close in Q4 and represents a multiple of 10 times his 2018 adjusted EBITDA estimate. France reiterates a Neutral rating on Envision Healthcare.
06/13/18
ADAM
06/13/18
DOWNGRADE
Target $46
ADAM
Hold
Envision Healthcare downgraded to Hold from Buy at Canaccord
Canaccord analyst Richard Close downgraded Envision Healthcare (EVHC) to Hold from Buy as it is being acquired by KKR (KKR) for $46 per share.
06/12/18
RHCO
06/12/18
DOWNGRADE
RHCO
Hold
Envision Healthcare downgraded to Hold from Buy at SunTrust
Envision Healthcare (EVHC) is being acquired by KKR for $46/share.
06/12/18
RBCM
06/12/18
DOWNGRADE
RBCM
Sector Perform
Envision Healthcare downgraded to Sector Perform from Outperform at RBC Capital
Envision Healthcare (EVHC) is being acquired by KKR for $46/share.
KKR KKR
$24.40

-1.66 (-6.37%)

10/10/18
10/10/18
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. Vipshop (VIPS) downgraded to Neutral from Overweight at JPMorgan with analyst Alex Yao saying as the "tough competitive environment and harder-than-expected synergy generation," Vipshop is likely to adjust its strategy to re-focus on core off-season apparel distribution and prioritize profitability over sales growth. 2. International Paper (IP) downgraded to Neutral from Buy at Goldman Sachs while WestRock (WRK) was downgraded to Buy from Conviction Buy. 3. Clorox (CLX), Church & Dwight (CHD), and Kimberly-Clark (KMB) were downgraded to Sell from Hold at Deutsche Bank. 4. Sherwin-Williams (SHW) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying "tough" market comments from companies like H.B. Fuller (FUL), PPG (PPG) and RPM (RPL) suggest that coatings companies are likely to be challenged by rising raw materials costs and slowing growth in key end markets, including China. 5. KKR (KKR) downgraded to Neutral from Buy at BofA/Merrill with analyst Michael Carrier citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/18
BOFA
10/10/18
DOWNGRADE
Target $28
BOFA
Neutral
KKR downgraded to Neutral from Buy at BofA/Merrill
BofA Merrill Lynch analyst Michael Carrier downgraded KKR to Neutral from Buy citing the stock's fuller valuation following the company's C-corp conversion, though he still sees current trends as remaining favorable. He lowered his price target on KKR shares to $28 from $31.
08/22/18
WELS
08/22/18
UPGRADE
Target $22
WELS
Outperform
KKR Real Estate Finance upgraded to Outperform with $22 target at Wells Fargo
Wells Fargo analyst Donald Fandetti upgraded KKR Real Estate Finance (KREF) to Outperform from Market Perform and raised his price target for the shares to $22 from $20. The company is gaining traction through leveraging KKR (KKR) for both originations and unique financing vehicles, Fandetti tells investors in a research note. Further, he sees multiple expansion for the commercial mortgage REITs as "equity markets catch up with spread tightening in the debt markets." In addition, lending markets are "healthy" despite the rise in 10-year U.S. Treasury yields, Fandetti contends.
09/14/18
MSCO
09/14/18
NO CHANGE
Target $42
MSCO
Overweight
Morgan Stanley says Blackstone valuation gap with KKR unjustified
With KKR (KKR) up 41% in the last twelve months, the shares of Blackstone (BX) are now trading at their lowest relative valuation to the former, which Morgan Stanley analyst Michael Cyprys said he views as unjustified. He attributes a mix of C-corp conversion, CRSP index inclusion, and strong asset gathering and fee growth at KKR for the strength, but also believes Blackstone's upcoming investor day on September 21 could be a catalyst to fix the "valuation disconnect." While he doesn't expect a C-corp conversion announcement in the near-term, Cyprys wouldn't be surprised to see Blackstone follow KKR's lead and shift toward a cash earnings approach from reporting on a more volatile mark to market basis, he tells investors. The analyst, who could see a $50 valuation for Blackstone if the stock re-rates to its historical premium to KKR, keeps an Overweight rating and $42 price target on Blackstone shares.

TODAY'S FREE FLY STORIES

KSS

Kohl's

$48.17

2.66 (5.84%)

, TJX

TJX

$51.87

0.45 (0.88%)

14:11
08/19/19
08/19
14:11
08/19/19
14:11
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

KSS

Kohl's

$48.17

2.66 (5.84%)

TJX

TJX

$51.87

0.45 (0.88%)

MDT

Medtronic

$103.90

1.17 (1.14%)

HD

Home Depot

$208.01

4.37 (2.15%)

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14:10
08/19/19
08/19
14:10
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14:10
General news
Treasury Action: Treasuries remain heavy »

Treasury Action:…

CHE

Chemed

$434.70

4.53 (1.05%)

14:09
08/19/19
08/19
14:09
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14:09
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Chemed VP Michael Witzeman sells almost $2M in company shares »

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14:05
08/19/19
08/19
14:05
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14:05
General news
Fed's Rosengren said he believes monetary and fiscal policy are already accommodative »

Fed's Rosengren said…

AAPL

Apple

$211.93

5.49 (2.66%)

, MSFT

Microsoft

$138.27

2.14 (1.57%)

14:02
08/19/19
08/19
14:02
08/19/19
14:02
Periodicals
Microsoft hires former head of Apple's Siri efforts, The Information says »

Microsoft (MSFT) has…

AAPL

Apple

$211.93

5.49 (2.66%)

MSFT

Microsoft

$138.27

2.14 (1.57%)

03/08/13
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RRR

Red Rock Resorts

$19.46

0.75 (4.01%)

, AES

AES Corp.

$15.46

0.25 (1.64%)

13:44
08/19/19
08/19
13:44
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13:44
On The Fly
Fly Insider: Red Rock Resorts, Walgreen's among weeks notable insider trades »

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RRR

Red Rock Resorts

$19.46

0.75 (4.01%)

AES

AES Corp.

$15.46

0.25 (1.64%)

GE

General Electric

$8.66

-0.13 (-1.48%)

MD

Mednax

$22.28

0.62 (2.86%)

CFR

Cullen/Frost

$85.74

0.95 (1.12%)

TWNK

Hostess Brands

$14.01

0.06 (0.43%)

WEN

Wendy's

$20.44

0.5 (2.51%)

PSA

Public Storage

$260.91

2.23 (0.86%)

AYX

Alteryx

$133.18

-0.57 (-0.43%)

WBA

Walgreens Boots Alliance

$51.40

1.3975 (2.79%)

03/08/13
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GIG

GigCapital

$10.30

(0.00%)

13:43
08/19/19
08/19
13:43
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13:43
Hot Stocks
GigCapital announces launching of de-SPACing efforts of Kaleyra combination »

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AVYA

Avaya

$12.42

-0.1 (-0.80%)

13:36
08/19/19
08/19
13:36
08/19/19
13:36
Hot Stocks
Breaking Hot Stocks news story on Avaya »

Avaya Holdings trading…

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  • 05

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RRC

Range Resources

$4.47

0.37 (9.02%)

13:35
08/19/19
08/19
13:35
08/19/19
13:35
Upgrade
Range Resources rating change  »

Range Resources rises…

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AVYA

Avaya

$12.39

-0.13 (-1.04%)

13:33
08/19/19
08/19
13:33
08/19/19
13:33
Periodicals
Avaya said to get bid from Mitel, Bloomberg says »

Mitel, which has gone…

03/08/13
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AVYA

Avaya

$12.38

-0.14 (-1.12%)

13:30
08/19/19
08/19
13:30
08/19/19
13:30
Hot Stocks
Breaking Hot Stocks news story on Avaya »

Avaya Holdings trading…

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  • 05

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
08/19/19
08/19
13:17
08/19/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
08/19/19
08/19
13:16
08/19/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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AAPL

Apple

$211.42

4.98 (2.41%)

12:51
08/19/19
08/19
12:51
08/19/19
12:51
Periodicals
Apple Arcade to likely be priced at $4.99/month, 9to5Mac reports »

Apple Arcade,…

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03/06/13
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FSM

Fortuna Silver Mines

$3.67

-0.01 (-0.27%)

12:48
08/19/19
08/19
12:48
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12:48
Hot Stocks
Fortuna Silver reports fatal accident at San Jose mine »

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SVRA

Savara

$2.23

0.03 (1.36%)

12:40
08/19/19
08/19
12:40
08/19/19
12:40
Conference/Events
Savara management to meet with Jefferies »

Meeting to be held in…

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  • 22

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G

Genpact

$41.30

0.51 (1.25%)

, FB

Facebook

$186.67

3.25 (1.77%)

12:40
08/19/19
08/19
12:40
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12:40
Periodicals
Facebook contractor raises wages for Indian content reviewers, Reuters reports »

Genpact (G), a Facebook…

G

Genpact

$41.30

0.51 (1.25%)

FB

Facebook

$186.67

3.25 (1.77%)

03/08/13
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KAR

KAR Auction

$25.67

0.18 (0.71%)

12:39
08/19/19
08/19
12:39
08/19/19
12:39
Conference/Events
KAR Auction management to meet with Jefferies »

Meeting to be held in…

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  • 21

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ZS

Zscaler

$74.34

-6.5 (-8.04%)

12:37
08/19/19
08/19
12:37
08/19/19
12:37
Recommendations
Zscaler analyst commentary at OTR Global »

Zscaler slides after OTR…

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  • 10

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    Oct

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ENVA

Enova International

$24.92

0.31 (1.26%)

12:37
08/19/19
08/19
12:37
08/19/19
12:37
Conference/Events
Enova International management to meet with Jefferies »

Meetings to be held in…

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  • 21

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AZN

AstraZeneca

$44.38

0.02 (0.05%)

12:33
08/19/19
08/19
12:33
08/19/19
12:33
Conference/Events
AstraZeneca management to meet with Jefferies »

Meeting to be held in San…

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  • 21

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  • 02

    Oct

PCG

PG&E

$10.35

-3.95 (-27.62%)

, AMGN

Amgen

$202.49

-1.46 (-0.72%)

12:22
08/19/19
08/19
12:22
08/19/19
12:22
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks have been rising…

PCG

PG&E

$10.35

-3.95 (-27.62%)

AMGN

Amgen

$202.49

-1.46 (-0.72%)

PANW

Palo Alto Networks

$196.50

-2.76 (-1.39%)

WB

Weibo

$41.70

4.65 (12.55%)

DRYS

DryShips

$5.19

1.355 (35.38%)

EL

Estee Lauder

$197.80

18.54 (10.34%)

03/08/13
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    Oct

LOW

Lowe's

$95.37

1.46 (1.55%)

, HD

Home Depot

$206.92

3.28 (1.61%)

12:19
08/19/19
08/19
12:19
08/19/19
12:19
On The Fly
Fly Intel: What to watch in Home Depot, Lowe's earnings reports »

Home improvement…

LOW

Lowe's

$95.37

1.46 (1.55%)

HD

Home Depot

$206.92

3.28 (1.61%)

JCP

J.C. Penney

$0.61

0.0122 (2.04%)

SHLD

Sears

$0.00

(0.00%)

AMZN

Amazon.com

$1,823.13

31.31 (1.75%)

03/08/13
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  • 20

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
08/19/19
08/19
12:17
08/19/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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GOOG

Alphabet

$1,202.00

25.06 (2.13%)

, GOOGL

Alphabet Class A

$1,204.36

25.67 (2.18%)

12:16
08/19/19
08/19
12:16
08/19/19
12:16
Hot Stocks
Trump says 'Google should be sued' over role in 2016 election »

President Donald Trump…

GOOG

Alphabet

$1,202.00

25.06 (2.13%)

GOOGL

Alphabet Class A

$1,204.36

25.67 (2.18%)

03/08/13
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03/06/13
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03/06/13
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