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KKR

KKR

$22.65

-1.255 (-5.25%)

14:15
10/23/18
10/23
14:15
10/23/18
14:15

KKR put volume heavy and directionally bearish

Bearish flow noted in KKR with 3,468 puts trading, or 1.9x expected. Most active are Jan-20 17 puts and Jan-19 22 calls, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 2.79, while ATM IV is up over 4 points on the day. Earnings are expected on October 25th.

  • 25

    Oct

KKR KKR
$22.65

-1.255 (-5.25%)

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

FE

FirstEnergy

$38.54

-0.25 (-0.64%)

17:38
11/19/18
11/19
17:38
11/19/18
17:38
Hot Stocks
FirstEnergy provides winter storm update »

FirstEnergy utilities…

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MZOR

Mazor Robotics

$58.30

-0.005 (-0.01%)

, MDT

Medtronic

$90.40

-3.28 (-3.50%)

17:32
11/19/18
11/19
17:32
11/19/18
17:32
Hot Stocks
Mazor Robotics shareholders approve merger agreement with Medtronic »

Mazor Robotics (MZOR)…

MZOR

Mazor Robotics

$58.30

-0.005 (-0.01%)

MDT

Medtronic

$90.40

-3.28 (-3.50%)

03/08/13
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03/06/13
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03/06/13
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  • 20

    Nov

  • 03

    Dec

TNET

TriNet

$44.26

-0.5 (-1.12%)

17:29
11/19/18
11/19
17:29
11/19/18
17:29
Hot Stocks
TriNet names Samantha Wellington chief legal officer »

TriNet announced the…

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CHKP

Check Point

$111.34

-2.83 (-2.48%)

, PANW

Palo Alto Networks

$163.45

-6.135 (-3.62%)

17:25
11/19/18
11/19
17:25
11/19/18
17:25
Conference/Events
Wedbush enterprise analyst to hold a group dinner meeting »

Enterprise Software…

CHKP

Check Point

$111.34

-2.83 (-2.48%)

PANW

Palo Alto Networks

$163.45

-6.135 (-3.62%)

FTNT

Fortinet

$67.78

-5.66 (-7.71%)

QLYS

Qualys

$69.24

-5.355 (-7.18%)

ZS

Zscaler

$33.07

-4.57 (-12.14%)

CYBR

CyberArk

$67.54

-7.19 (-9.62%)

SYMC

Symantec

$22.26

-0.83 (-3.59%)

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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  • 19

    Nov

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    Nov

  • 26

    Nov

  • 26

    Nov

  • 28

    Nov

  • 28

    Nov

  • 29

    Nov

  • 29

    Nov

  • 03

    Dec

  • 03

    Dec

  • 04

    Dec

  • 04

    Dec

  • 05

    Dec

  • 06

    Dec

  • 10

    Dec

  • 09

    Jan

  • 10

    Jan

LMT

Lockheed Martin

$294.53

-6.53 (-2.17%)

17:24
11/19/18
11/19
17:24
11/19/18
17:24
Hot Stocks
Lockheed Martin awarded $240M Missile Defense contract »

Lockheed Martin is being…

03/08/13
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03/06/13
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  • 27

    Nov

ALTM

Altus Midstream Company

$8.35

-0.28 (-3.24%)

17:20
11/19/18
11/19
17:20
11/19/18
17:20
Syndicate
Altus Midstream Company files to sell 360.5M shares of Class A common for holder »

Also files to sell…

03/08/13
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ALTM

Altus Midstream Company

$8.35

-0.28 (-3.24%)

17:19
11/19/18
11/19
17:19
11/19/18
17:19
Syndicate
Altus Midstream Company files to sell 12.56M shares of Class A common stock »

Issuable upon exercise of…

03/08/13
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IEP

Icahn Enterprises

$67.18

-0.97 (-1.42%)

, EGN

Energen

$73.27

-0.14 (-0.19%)

17:19
11/19/18
11/19
17:19
11/19/18
17:19
Hot Stocks
Breaking Hot Stocks news story on Icahn Enterprises, Energen »

Carl Icahn reports 9.9%…

IEP

Icahn Enterprises

$67.18

-0.97 (-1.42%)

EGN

Energen

$73.27

-0.14 (-0.19%)

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

Dominion

$74.40

0.82 (1.11%)

, SCG

Scana

$43.70

0.75 (1.75%)

17:18
11/19/18
11/19
17:18
11/19/18
17:18
Hot Stocks
NCUC approves Dominion-SCANA combination »

The proposed combination…

D

Dominion

$74.40

0.82 (1.11%)

SCG

Scana

$43.70

0.75 (1.75%)

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

Northrop Grumman

$269.40

-3.14 (-1.15%)

17:17
11/19/18
11/19
17:17
11/19/18
17:17
Hot Stocks
Northrop Grumman awarded $489.92M Air Force contract »

Northrop Grumman has been…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Nov

CLDR

Cloudera

$11.23

-0.915 (-7.53%)

, HDP

Hortonworks

$14.52

-1.23 (-7.81%)

17:17
11/19/18
11/19
17:17
11/19/18
17:17
Hot Stocks
Hortonworks, Cloudera terminate waiting period for proposed merger »

Cloudera (CLDR) and…

CLDR

Cloudera

$11.23

-0.915 (-7.53%)

HDP

Hortonworks

$14.52

-1.23 (-7.81%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 05

    Dec

  • 06

    Dec

PLSE

Pulse Biosciences

$13.35

0.545 (4.26%)

17:16
11/19/18
11/19
17:16
11/19/18
17:16
Syndicate
Pulse Biosciences commences $45M rights offering »

Pulse Biosciences…

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XYL

Xylem

$69.46

-1.38 (-1.95%)

17:15
11/19/18
11/19
17:15
11/19/18
17:15
Hot Stocks
Xylem signs MOU with Ethiopia government on water security »

Xylem has signed a…

03/08/13
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  • 27

    Nov

NOC

Northrop Grumman

$269.40

-3.14 (-1.15%)

, SAIC

SAIC

$68.30

-2.18 (-3.09%)

17:12
11/19/18
11/19
17:12
11/19/18
17:12
Hot Stocks
Northrop Grumman, SAIC and others awarded $577.47M in Navy contracts »

Northrop Grumman (NOC),…

NOC

Northrop Grumman

$269.40

-3.14 (-1.15%)

SAIC

SAIC

$68.30

-2.18 (-3.09%)

GD

General Dynamics

$179.25

-3.86 (-2.11%)

BAH

Booz Allen

$51.90

-0.79 (-1.50%)

03/08/13
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03/08/13
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  • 27

    Nov

  • 06

    Dec

  • 11

    Jan

IR

Ingersoll-Rand

$103.29

-1.045 (-1.00%)

17:12
11/19/18
11/19
17:12
11/19/18
17:12
Initiation
Ingersoll-Rand initiated  »

Ingersoll-Rand initiated…

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  • 27

    Nov

CARB

Carbonite

$25.89

-1.78 (-6.43%)

17:11
11/19/18
11/19
17:11
11/19/18
17:11
Hot Stocks
Carbonite announces $50M stock repurchase program »

Carbonite announced that…

03/08/13
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PES

Pioneer Energy

$2.75

-0.01 (-0.36%)

17:11
11/19/18
11/19
17:11
11/19/18
17:11
Initiation
Pioneer Energy initiated  »

Pioneer Energy initiated…

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  • 26

    Nov

RNGR

Ranger Energy

$7.62

-0.53 (-6.50%)

17:10
11/19/18
11/19
17:10
11/19/18
17:10
Initiation
Ranger Energy initiated  »

Ranger Energy initiated…

03/08/13
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03/06/13
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SERV

ServiceMaster

$41.84

-0.58 (-1.37%)

17:09
11/19/18
11/19
17:09
11/19/18
17:09
Initiation
ServiceMaster initiated  »

ServiceMaster initiated…

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  • 11

    Dec

KLIC

Kulicke & Soffa

$19.90

-0.96 (-4.60%)

17:06
11/19/18
11/19
17:06
11/19/18
17:06
Earnings
Kulicke & Soffa sees Q1 revenue $150M-$160M, consensus $191.06M »

Looking forward, Dr.…

03/08/13
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  • 19

    Nov

  • 11

    Dec

KLIC

Kulicke & Soffa

$19.90

-0.96 (-4.60%)

17:04
11/19/18
11/19
17:04
11/19/18
17:04
Earnings
Kulicke & Soffa reports Q4 EPS 45c versus 62c in Q4 last year »

Reports Q4 revenue…

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  • 19

    Nov

  • 11

    Dec

ENTG

Entegris

$26.20

-1.07 (-3.92%)

17:04
11/19/18
11/19
17:04
11/19/18
17:04
Hot Stocks
Entegris announces additional $250M share repurchase authorization »

Entegris announced that…

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  • 27

    Nov

SCI

Service Corp.

$44.69

-0.185 (-0.41%)

17:03
11/19/18
11/19
17:03
11/19/18
17:03
Hot Stocks
Service Corp. exec Sangalis sells 23,617 common shares »

In a regulatory filing,…

03/08/13
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EEX

Emerald Expositions Events

$10.92

-0.63 (-5.45%)

17:02
11/19/18
11/19
17:02
11/19/18
17:02
Initiation
Emerald Expositions Events initiated  »

Emerald Expositions…

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CTAS

Cintas

$179.63

-3.47 (-1.90%)

16:58
11/19/18
11/19
16:58
11/19/18
16:58
Initiation
Cintas initiated  »

Cintas initiated with an…

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