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PAH

Ticker changed to ESI

$10.56

-0.145 (-1.35%)

17:19
11/14/18
11/14
17:19
11/14/18
17:19

Platform Specialty Products director Martin Franklin buys over $2.2M in shares

Platform Specialty Products director Martin Franklin disclosed in a filing that he had purchased 204,750 shares of Platform Specialty Products at an average price of $10.76 per share between November 9 and November 14. The total transaction value was $2,202,864.

  • 14

    Nov

PAH Ticker changed to ESI
$10.56

-0.145 (-1.35%)

09/19/18
09/19/18
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. LyondellBasell (LYB) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying consensus expectations have the company facing a "shallow trough" in petrochemical pricing leading to flat to lower consolidated EBITDA in 2019. 2. Platform Specialty Products (PAH) downgraded to Neutral from Buy at Citi with analyst Daniel Jester saying the stock could trade range-bound in the near-term as investors await the closing of the Ag transaction by late 2018 or early 2019. 3. KBR (KBR) downgraded to Neutral from Outperform at Macquarie with analyst Sameer Rathod saying he thinks tariffs between U.S. and China will cause uncertainty and hydrocarbon price increases, triggering delays in finalizing new US LNG projects. 4. OMA Airports (OMAB) downgraded to Hold from Buy at Santander. 5. Nokia (NOK) downgraded to Underperform from Neutral at Exane BNP Paribas with the firm saying they expect a miss on 6%-9% 2018 Networks margin guidance and prefers Ericsson (ERIC) given share gains, self-help measures, and cautious consensus expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/18
SBSH
09/19/18
DOWNGRADE
Target $14
SBSH
Neutral
Platform Specialty Products downgraded to Neutral from Buy at Citi
Citi analyst Daniel Jester downgraded Platform Specialty Products to Neutral while raising his price target for the shares to $14 from $13. The stock could trade range-bound in the near-term as investors await the closing of the Ag transaction by late 2018 or early 2019, Jester tells investors in a research note. Further, with EBITDA growth anticipated to be at or below the peer group in 2019, the analyst does not anticipate that Platform Specialty Products will trade at a meaningful premium to its comparables in the near-term.
07/23/18
GSCO
07/23/18
DOWNGRADE
Target $14
GSCO
Neutral
Platform Specialty Products downgraded to Neutral from Buy at Goldman Sachs
Goldman analyst Robert Koort downgraded Platform Specialty Products to Neutral and maintained a $14 price target following the agreement to sell its Agricultural Solutions segment to UPL Limited for $4.2B in cash. Koort now sees fewer catalysts near-term as the company works through the regulatory process in order to close the deal.
06/07/18
MSCO
06/07/18
NO CHANGE
Target $12
MSCO
Equal Weight
Morgan Stanley says Platform Specialty investors likely prefer ag business sale
After The Wall Street Journal reported yesterday that Platform Specialty Products is in advanced talks to sell its agricultural unit to Wilmcote Holdings for about $3B, or $4B including debt, Morgan Stanley analyst Neel Kumar noted that the $4B reported offer from Wilmcote is lower than the $4.25B reportedly offered by a consortium led by Blackstone in July 2017. However, he thinks a potential sale could accelerate deleveraging and believes investors likely prefer an outright sale of the ag business to an IPO. Kumar keeps an Equal Weight rating and $12 price target on Platform Specialty shares.

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