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FCAU

Fiat Chrysler

$15.52

0.035 (0.23%)

, KKR

KKR

$24.22

-0.45 (-1.82%)

16:56
10/21/18
10/21
16:56
10/21/18
16:56

Fiat agrees to sell Magneti Marelli to KKR's Calsonic, Bloomberg says

Fiat Chrysler (FCAU) has agreed to sell its high-tech car-parts unit, Magneti Marelli, to KKR's (KKR) Calsonic Kansei, according to Bloomberg, citing people familiar with the matter. An announcement is scheduled for as early as Monday, sources said. The transaction value could be as much as $7.1B, the report adds. Reference Link

FCAU

Fiat Chrysler

$15.52

0.035 (0.23%)

KKR

KKR

$24.22

-0.45 (-1.82%)

  • 25

    Oct

  • 30

    Oct

FCAU Fiat Chrysler
$15.52

0.035 (0.23%)

09/12/18
EXAN
09/12/18
UPGRADE
EXAN
Outperform
Fiat Chrysler upgraded to Outperform from Neutral at Exane BNP Paribas
Exane BNP Paribas analyst Dominic O'Brien earlier today upgraded Fiat Chrysler to Outperform from Neutral. The shares in afternoon trading are up 3%, or 48c, to $17.79.
08/07/18
MSCO
08/07/18
NO CHANGE
Target $1325
MSCO
Overweight
Enterprise value of Alphabet's Waymo raised to $175B at Morgan Stanley
Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, namely logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Partnerships with Walmart (WMT), DDR (DDR) and Peterbilt speak to Waymo's logistics focus, said Nowak, who sees the company potentially having a $90B logistics business. Additionally, he sees a roughly $7B licensing opportunity, pointing to the company's FCA (FCAU) relationship as a model of how companies could pay a license fee to Waymo for its autonomous technology. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares.
07/17/18
JEFF
07/17/18
NO CHANGE
Target $25
JEFF
Buy
Santander Consumer, Fiat Chrysler tolling agreement doesn't change much, says Jefferies
Jefferies analyst John Hecht notes that Santander Consumer (SC) and Fiat Chrysler (FCAU) entered a tolling agreement that allows both parties additional time to assess their rights, obligations, claims, etc. while not having to worry about the statute of limitations. The analyst believes the tolling agreement does not change much of what is going on. Nonetheless, Hecht notes that the companies also acknowledged they are working to resolve the matter tied to the captive finance, with the agreement indicating that a resolution on this matter may come in months rather than quarters. He reiterates a Buy rating and $25 price target on Santander Consumer shares.
07/10/18
UBSW
07/10/18
UPGRADE
UBSW
Buy
UBS upgrades Fiat Chrysler to Buy ahead of Q2 results
UBS analyst Patrick Hummel upgraded Fiat Chrysler (FCAU) to Buy from Neutral with a price target of EUR 23. The analyst expects the company's "positive volume/mix impact story" to continue in Q2 even with the ramp of the new RAM 1500 truck unlikely to be completed until Q3. Fiat shares should deliver the best earnings momentum among the European car manufacturers in the coming quarters, Hummel tells investors in a research note.
KKR KKR
$24.22

-0.45 (-1.82%)

10/18/18
LEER
10/18/18
NO CHANGE
LEER
Acadia may receive 11-12 times multiple in private equity takeout, says Leerink
Following reports saying KKR (KKR) and TPG Global are reportedly in talks with Acadia (ACHC) on a take-private deal, Leerink analyst Ana Gupte notes that private equity has always been interested in the company given its addiction treatment centers acquired through CRC Health and outpatient focus on eating disorders and substance abuse, though the multiples at which a takeout would be acceptable to Acadia's management were unclear. The analyst expects the recent news flow on understaffing and quality of service delivery at Acadia in the short news report may be driving more willingness to entertain such a take private of the company. Gupte believes a 11-12 times multiple is likely and represents upside of about 35%-55% on the current $35 per share trading price.
10/18/18
MZHO
10/18/18
NO CHANGE
Target $37
MZHO
Neutral
Mizuho sees maximum Acadia leveraged buyout price at $48 per share
Mizuho analyst Ann Hynes reiterates this morning that her model suggests Acadia Healthcare's (ACHC) maximum leveraged buyout take-out price is $48.00 per share given its current debt levels. The stock in premarket trading is up 8%, or $3.32, to $39.00 after Reuters reported that the company is in talks with private equity firms about selling itself after attracting buyout interest. KKR (KKR) and TPG Global are among the private equity firms that have approached Acadia, according to Reuters. Hynes keeps a Neutral rating on Acadia shares with a $37 price target.
10/17/18
JMPS
10/17/18
INITIATION
Target $21.5
JMPS
Outperform
KKR Real Estate Finance initiated with an Outperform at JMP Securities
JMP Securities analyst Steven DeLaney initiated KKR Real Estate Finance Trust (KREF) with an Outperform rating and $21.50 price target, noting that it has a "seasoned" senior management team and "highly-regarded" sponsor in KKR (KKR).
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.

TODAY'S FREE FLY STORIES

13:24
03/19/19
03/19
13:24
03/19/19
13:24
Conference/Events
JPMorgan pharmaceticals analyst to hold a luncheon »

Pharmaceuticals Analyst…

GOOG

Alphabet

$1,191.14

7.48 (0.63%)

, GOOGL

Alphabet Class A

$1,194.17

6.08 (0.51%)

13:24
03/19/19
03/19
13:24
03/19/19
13:24
Hot Stocks
Google unveils Stadia controller »

As part of its Stadia…

GOOG

Alphabet

$1,191.14

7.48 (0.63%)

GOOGL

Alphabet Class A

$1,194.17

6.08 (0.51%)

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13:23
03/19/19
03/19
13:23
03/19/19
13:23
Conference/Events
UBS alternative energy analyst to hold an analyst/industry conference call »

Alternative Energy…

GOOG

Alphabet

$1,190.42

6.76 (0.57%)

, GOOGL

Alphabet Class A

$1,194.51

6.42 (0.54%)

13:20
03/19/19
03/19
13:20
03/19/19
13:20
Hot Stocks
Google says Stadia to include button on YouTube gaming videos to play instantly »

Google (GOOG) says Stadia…

GOOG

Alphabet

$1,190.42

6.76 (0.57%)

GOOGL

Alphabet Class A

$1,194.51

6.42 (0.54%)

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GOOG

Alphabet

$1,190.00

6.34 (0.54%)

, GOOGL

Alphabet Class A

$1,194.10

6.01 (0.51%)

13:17
03/19/19
03/19
13:17
03/19/19
13:17
Hot Stocks
Google announces game streaming service Stadia »

Google's (GOOG) Phil…

GOOG

Alphabet

$1,190.00

6.34 (0.54%)

GOOGL

Alphabet Class A

$1,194.10

6.01 (0.51%)

UBSFY

Ubisoft

$0.00

(0.00%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
03/19/19
03/19
13:17
03/19/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
03/19/19
03/19
13:16
03/19/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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GOOG

Alphabet

$1,188.47

4.81 (0.41%)

, GOOGL

Alphabet Class A

$1,191.43

3.34 (0.28%)

13:10
03/19/19
03/19
13:10
03/19/19
13:10
Hot Stocks
Google CEO says aiming to build a game platform 'for everyone' »

Google (GOOG) CEO Sundar…

GOOG

Alphabet

$1,188.47

4.81 (0.41%)

GOOGL

Alphabet Class A

$1,191.43

3.34 (0.28%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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NOG

Northern Oil and Gas

$2.47

0.01 (0.41%)

13:10
03/19/19
03/19
13:10
03/19/19
13:10
Options
Notable spread in Northern Oil and Gas »

Notable spread in…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$282.92

0.46 (0.16%)

13:08
03/19/19
03/19
13:08
03/19/19
13:08
Periodicals
U.S., China trade talks in final stages, WSJ reports »

The trade talks between…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$282.92

0.46 (0.16%)

03/08/13
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SKX

Skechers

$33.10

-0.01 (-0.03%)

13:05
03/19/19
03/19
13:05
03/19/19
13:05
Options
Skechers call volume above normal and directionally bullish »

Bullish option flow…

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13:05
03/19/19
03/19
13:05
03/19/19
13:05
General news
Treasury Action: trade worries are putting a bid in Treasuries »

Treasury Action: trade…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.29

0.83 (0.29%)

13:03
03/19/19
03/19
13:03
03/19/19
13:03
Periodicals
Markets drop after Bloomberg report on China walking back some trade offers 

Reference Link

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.29

0.83 (0.29%)

03/08/13
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WSM

Williams-Sonoma

$57.42

1.01 (1.79%)

12:55
03/19/19
03/19
12:55
03/19/19
12:55
Options
Williams Sonoma put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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ZNGA

Zynga

$5.37

0.02 (0.37%)

, AMZN

Amazon.com

$1,782.25

40.25 (2.31%)

12:52
03/19/19
03/19
12:52
03/19/19
12:52
Periodicals
Amazon focuses on building game industry's digital infrastructure, Variety says »

Amazon (AMZN), which owns…

ZNGA

Zynga

$5.37

0.02 (0.37%)

AMZN

Amazon.com

$1,782.25

40.25 (2.31%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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SPY

SPDR S&P 500 ETF Trust

$283.90

1.44 (0.51%)

, SPX

S&P 500

$0.00

(0.00%)

12:50
03/19/19
03/19
12:50
03/19/19
12:50
Periodicals
Some U.S. officials see China walking back trade offers, Bloomberg reports »

Some U.S. officials are…

SPY

SPDR S&P 500 ETF Trust

$283.90

1.44 (0.51%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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SPY

SPDR S&P 500 ETF Trust

$284.09

1.63 (0.58%)

, SPX

S&P 500

$0.00

(0.00%)

12:47
03/19/19
03/19
12:47
03/19/19
12:47
Periodicals
Breaking Periodicals news story on SPDR S&P 500 ETF Trust, S&P 500 »

Some U.S. officials see…

SPY

SPDR S&P 500 ETF Trust

$284.09

1.63 (0.58%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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SPWR

SunPower

$6.70

0.27 (4.20%)

12:45
03/19/19
03/19
12:45
03/19/19
12:45
Options
SunPower call volume above normal and directionally bullish »

Bullish option flow…

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SHOP

Shopify

$201.50

-4.35 (-2.11%)

12:35
03/19/19
03/19
12:35
03/19/19
12:35
Options
Shopify put volume heavy and directionally bearish »

Bearish flow noted in…

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IBKC

Iberiabank

$76.60

-1.23 (-1.58%)

12:32
03/19/19
03/19
12:32
03/19/19
12:32
Hot Stocks
Iberiabank board of directors raises quarterly dividend 5% to 43c per share »

The Board of Directors of…

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NTDOY

Nintendo

$0.00

(0.00%)

, MSFT

Microsoft

$117.78

0.18 (0.15%)

12:26
03/19/19
03/19
12:26
03/19/19
12:26
On The Fly
Game On: An exclusive talk with The Voxel Agents' Simon Joslin »

'GARDENS BETWEEN': In an…

NTDOY

Nintendo

$0.00

(0.00%)

MSFT

Microsoft

$117.78

0.18 (0.15%)

SNE

Sony

$46.20

0.105 (0.23%)

FB

Facebook

$163.32

2.86 (1.78%)

TCEHY

Tencent

$0.00

(0.00%)

ATVI

Activision Blizzard

$46.95

1.98 (4.40%)

TTWO

Take-Two

$96.16

2.4 (2.56%)

EA

Electronic Arts

$98.79

-0.9 (-0.90%)

UBSFY

Ubisoft

$0.00

(0.00%)

CCOEY

Capcom

$0.00

(0.00%)

03/08/13
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PBR

Petrobras

$17.49

0.38 (2.22%)

12:25
03/19/19
03/19
12:25
03/19/19
12:25
Options
Petrobras call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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GOOG

Alphabet

$1,194.39

10.73 (0.91%)

, GOOGL

Alphabet Class A

$1,198.03

9.94 (0.84%)

12:21
03/19/19
03/19
12:21
03/19/19
12:21
Periodicals
'Cheaper' Google Pixel may be coming, Mashable says »

Citing prior reports…

GOOG

Alphabet

$1,194.39

10.73 (0.91%)

GOOGL

Alphabet Class A

$1,198.03

9.94 (0.84%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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    Apr

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    Oct

CPRX

Catalyst Pharmaceuticals

$3.40

0.31 (10.03%)

12:21
03/19/19
03/19
12:21
03/19/19
12:21
Recommendations
Catalyst Pharmaceuticals analyst commentary  »

Catalyst comments point…

03/08/13
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    Mar

NVDA

Nvidia

$175.42

6.51 (3.85%)

12:20
03/19/19
03/19
12:20
03/19/19
12:20
Hot Stocks
Nvidia up 4% as executives present at investor day meeting »

Nvidia said during the…

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