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ZAYO

Zayo Group

$23.70

1.495 (6.73%)

, BX

Blackstone

$32.48

-0.02 (-0.06%)

18:50
11/18/18
11/18
18:50
11/18/18
18:50

Zayo said to get interest from Blackstone-Stonepeak Group, Bloomberg reports

Zayo (ZAYO) has attracted takeover interest from a group of investors including funds managed by Blackstone (BX) and Stonepeak Partners, according to Bloomberg, citing people familiar with the matter. Funds managed by KKR (KKR), I Squared Capital, GTCR and Charlesbank Capital Partners are also part of the group that has expressed interest in a take-private deal for Zayo, sources said. Reference Link

ZAYO

Zayo Group

$23.70

1.495 (6.73%)

BX

Blackstone

$32.48

-0.02 (-0.06%)

KKR

KKR

$21.83

-0.46 (-2.06%)

  • 29

    Nov

  • 03

    Dec

ZAYO Zayo Group
$23.70

1.495 (6.73%)

11/16/18
COWN
11/16/18
NO CHANGE
Target $37
COWN
Outperform
Zayo Group likely to receive takeout offer, says Cowen
After hosting an investor call with Zayo Group CFO Matt Steinfort, Cowen analyst Colby Synesael said that he expects Zayo to receive a takeout offer based on conversations with his contacts. Synesael believes financial sponsors, strategic buyers and activist investors are all currently evaluating the company, he added. The decision to split the company will "effectively quarantine the bad revenue" and allow the good InfraCo business to show, but private equity investors and strategics familiar with the fiber business "know this and in our view are unlikely to wait," Synesael wrote in a note to investors. He maintains an Outperform rating on Zayo Group shares with a $37 price target.
11/14/18
DBAB
11/14/18
NO CHANGE
Target $30
DBAB
Buy
Zayo Group price target lowered to $30 from $42 at Deutsche Bank
Deutsche Bank analyst Matthew Niknam lowered his price target for Zayo Group to $30 from $42 but sticks with a Buy rating on the shares. Despite greater caution on near-term trends, the shares offer "meaningful upside" over a 12-month timeframe, Niknam tells investors in a research note. The analyst, however, lowered his estimates post Zayo's "disappointing" fiscal Q1 results.
11/09/18
OPCO
11/09/18
NO CHANGE
Target $30
OPCO
Outperform
Zayo Group price target cut to $30 from $38 at Oppenheimer
Oppenheimer analyst Timothy Horan maintained an Outperform rating on Zayo Group but lowered his price target to $30 after the company's Q1 results disappointed, with consolidated revenue missing estimates by 200bps. In a research note to investors, Horan says Zayo will split the business into two publicly-traded companies, but the enterprise unit will be 3x the size he expected, which has hurt his valuation.
11/08/18
RHCO
11/08/18
NO CHANGE
Target $38
RHCO
Buy
Zayo Group price target lowered to $38 from $45 at SunTrust
SunTrust analyst Greg Miller lowered his price target on Zayo Group to $38 after its "disappointing" Q1 results that indicated "weaker-than-expected financials and decelerating bookings trends". The analyst is positive on the decision to spin off the relatively slower-growth enterprise business however, while keeping the remaining fiber-based and data center businesses together. Miller maintains his Buy rating on Zayo Group based on the company's "unique assets".
BX Blackstone
$32.48

-0.02 (-0.06%)

09/25/18
ARGS
09/25/18
NO CHANGE
Target $46
ARGS
Buy
Blackstone price target raised to $46 from $39 at Argus
Argus analyst Stephen Biggar raised his price target on Blackstone to $46 and kept his Buy rating after its Investor Day presentation on Friday, citing the company's outlined plans to grow its assets under management to $1T from $439B currently. The analyst states that Blackstone is seeing "sees considerable growth in real estate, private equity, infrastructure, tactical opportunities and credit assets", adding that while the $1T target is "aggressive", it is also achievable, requiring "continuing cooperative economic environment and fundraising efforts". Biggar also anticipates Blackstone's "fee-related earnings component to grow significantly over the next two years" as its flagship funds reach key milestones, helping reduce earnings volatility and yielding "more consistent" dividend payouts.
09/24/18
MSCO
09/24/18
NO CHANGE
Target $48
MSCO
Overweight
Blackstone price target raised to $48 from $42 at Morgan Stanley
Morgan Stanley analyst Michael Cyprys said he came away from Blackstone's investor day more positive on the company's superior AUM and fee growth and ability to innovate. Blackstone also said a C-Corp conversion is under active consideration, which is a more positive stance than in it has expressed in the past, Cyprys tells investors. Based on expectations for strong growth in AUM, management fees and performance fee, along with the rising prospects for C-Corp conversion, Cyprys raised his price target on Blackstone shares to $48 from $42 and keeps an Overweight rating on the stock.
09/24/18
SBSH
09/24/18
NO CHANGE
Target $47.5
SBSH
Buy
Blackstone price target raised to $47.50 from $43 at Citi
Citi analyst William Katz raised his price target for Blackstone to $47.50 following last week's investor day. The analyst left constructive on the Alternatives sector and impressed by the "multitude of earnings drivers" at Blackstone. He's encouraged by the company's "growing competitive moat and longer-term opportunities" and keeps a Buy rating on the shares.
09/24/18
JMPS
09/24/18
NO CHANGE
Target $43
JMPS
Outperform
Blackstone price target raised to $43 after investor day at JMP Securities
JMP Securities analyst Devin Ryan raised his price target on Blackstone shares to $43 from $39 following the company's investor day, from which he said the primary takeaway was the company's detailed roadmap for growth to $1T+ of AUM over the next eight years from $439B of total assets today. Ryan, who said Blackstone communicated a "clear line of sight" into $2 of fee-related earnings over the longer-term, keeps an Outperform rating on Blackstone shares.
KKR KKR
$21.83

-0.46 (-2.06%)

10/26/18
ARGS
10/26/18
UPGRADE
Target $28
ARGS
Buy
KKR upgraded to Buy at Argus on valuation
As reported earlier, Argus analyst Stephen Biggar upgraded KKR to Buy from Hold with a price target of $28. The analyst says the pullback in the company's stock price is unwarranted, with its latest Q3 earnings beating expectations amid "continued healthy growth in fees and performance-related income". Biggar adds that the recent "market turbulence" will offer the company opportunities to deploy its "substantial cash holdings" in assets with future monetizations. The analyst further stated that its valuation premium to other alternative asset managers is "warranted by KKR's greater liquidity following its conversion to corporate status".
10/26/18
ARGS
10/26/18
UPGRADE
ARGS
Buy
KKR upgraded to Buy from Hold at Argus
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.

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American Airlines

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ATVI

Activision Blizzard

$45.29

0.31 (0.69%)

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Electronic Arts

$93.13

1.19 (1.29%)

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ATVI

Activision Blizzard

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$45.29

0.31 (0.69%)

ZNGA

Zynga

$5.43

0.175 (3.33%)

GLUU

Glu Mobile

$10.63

0.195 (1.87%)

EA

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$93.13

1.19 (1.29%)

TTWO

Take-Two

$90.73

0.97 (1.08%)

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RUSMF

Russel Metals

$0.00

(0.00%)

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FNLPF

Fresnillo

$0.00

(0.00%)

05:08
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Fresnillo rating change  »

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XLRN

Acceleron

$39.65

-0.8 (-1.98%)

05:06
04/22/19
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Acceleron rating change at Oppenheimer »

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EAF

GrafTech

$13.93

-0.045 (-0.32%)

05:00
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VIAV

Viavi

$12.69

-0.135 (-1.05%)

04:56
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NBIX

Neurocrine

$78.39

-2.78 (-3.42%)

04:55
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MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

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SMAR

Smartsheet

$40.20

0.495 (1.25%)

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EIDX

Eidos Therapeutics

$23.57

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AKBA

Akebia

$6.71

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KELTF

Kelt Exploration

$0.00

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Conference/Events
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FRCOY

Fast Retailing

$0.00

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LRCX

Lam Research

$194.75

-1.57 (-0.80%)

04:51
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AGEN

Agenus

$2.52

-0.025 (-0.98%)

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DHI

D.R. Horton

$46.42

0.65 (1.42%)

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AMZN

Amazon.com

$1,862.11

-2.52 (-0.14%)

, KR

Kroger

$25.78

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WMT

Walmart

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TGT

Target

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Tesla

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ANTM

Anthem

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CI

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HUM

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CVS

CVS Health

$52.62

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T

AT&T

$32.04

0.09 (0.28%)

SPOT

Spotify

$139.53

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SAM

Boston Beer

$266.90

0.89 (0.33%)

PINS

Pinterest

$24.46

(0.00%)

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