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BBU

Brookfield Business Partners

$34.63

-1.71 (-4.71%)

04:55
11/21/18
11/21
04:55
11/21/18
04:55

Brookfield Business Partners management to meet with RBC Capital

Meeting to be held in Montreal on November 21 hosted by RBC Capital.

  • 21

    Nov

BBU Brookfield Business Partners
$34.63

-1.71 (-4.71%)

11/14/18
OPCO
11/14/18
NO CHANGE
Target $39
OPCO
Outperform
Johnson Controls price target lowered to $39 from $44 at Oppenheimer
Oppenheimer analyst Noah Kaye lowered his price target for Johnson Controls (JCI) to $39 from $44 after the company announced an agreement to sell Power Solutions to Brookfield Business Partners (BBU), concluding the strategic review begun in March. The analyst believes the transaction multiple was reasonable, projected tax leakage was better than he had feared, and management was constructive on deploying sale proceeds for acquisitions. However, without accretive deal-making, the Power sale will be materially dilutive to Johnson Controls' earnings/free cash flow, even with buybacks and corporate savings, he contends. Kaye reiterates an Outperform rating on the shares.
11/16/18
FBCO
11/16/18
INITIATION
Target $54
FBCO
Outperform
Brookfield Business Partners reinstated with an Outperform at Credit Suisse
Credit Suisse analyst Andrew Kuske reinstated coverage of Brookfield Business Partners (BBU) with an Outperform rating and a $54 target price following a brief period of restriction associated with the $13.2B purchase of the Johnson Controls (JCI) Power Solutions Business unit. Given Brookfield's deployment of excess liquidity, Kuske tells investors in a research note that he views the transaction as being a positive for the stock and the deployment momentum that is also supported by strong private client fund raising.
11/20/18
BMOC
11/20/18
INITIATION
Target $47
BMOC
Outperform
Brookfield Business Partners initiated with an Outperform at BMO Capital
BMO Capital analyst Devin Dodge initiated Brookfield Business Partners with an Outperform rating and a price target of $47. The analyst expects the REIT's FFO to increase at an annual rate of 16% through 2020 thanks to its "organic growth, progression of its operational turnaround initiatives and contributions from recently completed deals." The analyst also sees Brookfield Business Partners offering a compelling valuation along with downside protection in the event of slower economic growth from its ownership interests in "less cyclical businesses".
11/20/18
11/20/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Hexcel (HXL) initiated with a Neutral at Longbow. 2. CatchMark Timber (CTT) initiated with a Neutral at Citi. 3. Brookfield Business Partners (BBU) initiated with an Outperform at BMO Capital. 4. Invitae (NVTA) assumed with a Buy at Benchmark. 5. Molecular Templates (MTEM) initiated with an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

X

U.S. Steel

$21.30

-0.7 (-3.18%)

06:03
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TVTY

Tivity Health

$40.60

-0.27 (-0.66%)

, NTRI

Nutrisystem

$34.19

-1.07 (-3.03%)

06:02
12/10/18
12/10
06:02
12/10/18
06:02
Hot Stocks
Breaking Hot Stocks news story on Tivity Health, Nutrisystem »

Tivity Health to acquire…

TVTY

Tivity Health

$40.60

-0.27 (-0.66%)

NTRI

Nutrisystem

$34.19

-1.07 (-3.03%)

03/08/13
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$263.68

-5.98 (-2.22%)

06:01
12/10/18
12/10
06:01
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06:01
Periodicals
President Xi tells lieutenants to 'follow through' on Trump agreement, WSJ says »

Chinese officials have…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$263.68

-5.98 (-2.22%)

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NGVT

Ingevity

$85.15

-5.32 (-5.88%)

05:58
12/10/18
12/10
05:58
12/10/18
05:58
Hot Stocks
Ingevity to acquire Capa caprolactone division of Perstorp Holding AB »

Ingevity announced it has…

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TSM

TSMC

$36.52

-0.33 (-0.90%)

05:58
12/10/18
12/10
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05:58
Hot Stocks
TSMC reports November revenue NT$98.39B, up 5.6% y/y »

TSMC announced its net…

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COR

CoreSite Realty

$97.28

-2 (-2.01%)

, DLR

Digital Realty

$115.80

-1.135 (-0.97%)

05:53
12/10/18
12/10
05:53
12/10/18
05:53
Downgrade
CoreSite Realty, Digital Realty, Equinix rating change  »

CoreSite Realty…

COR

CoreSite Realty

$97.28

-2 (-2.01%)

DLR

Digital Realty

$115.80

-1.135 (-0.97%)

EQIX

Equinix

$386.76

-6.1 (-1.55%)

03/08/13
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  • 10

    Dec

APDN

Applied DNA Sciences

$1.08

0.02 (1.89%)

05:52
12/10/18
12/10
05:52
12/10/18
05:52
Hot Stocks
Applied DNA Sciences signs joint development agreement with Everledger »

Applied DNA Sciences…

03/08/13
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  • 11

    Dec

EQIX

Equinix

$386.76

-6.1 (-1.55%)

05:51
12/10/18
12/10
05:51
12/10/18
05:51
Upgrade
Equinix rating change  »

Equinix upgraded to Buy…

03/08/13
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  • 10

    Dec

DLR

Digital Realty

$115.80

-1.135 (-0.97%)

05:50
12/10/18
12/10
05:50
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05:50
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Digital Realty rating change  »

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RSAIF

RSA Insurance

$0.00

(0.00%)

05:47
12/10/18
12/10
05:47
12/10/18
05:47
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RSA Insurance rating change  »

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SWDHF

Skyworth Digital

$0.00

(0.00%)

05:45
12/10/18
12/10
05:45
12/10/18
05:45
Downgrade
Skyworth Digital rating change  »

Skyworth Digital…

03/08/13
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BHVN

Biohaven Pharmaceutical

$40.72

-2.17 (-5.06%)

05:44
12/10/18
12/10
05:44
12/10/18
05:44
Hot Stocks
Biohaven announces initial 'positive' results from ongoing rimegepant study »

Biohaven Pharmaceutical…

03/08/13
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TSRO

Tesaro

$73.87

0.1 (0.14%)

, GSK

GlaxoSmithKline

$37.28

-0.125 (-0.33%)

05:42
12/10/18
12/10
05:42
12/10/18
05:42
Downgrade
Tesaro, GlaxoSmithKline rating change  »

Tesaro downgraded to…

TSRO

Tesaro

$73.87

0.1 (0.14%)

GSK

GlaxoSmithKline

$37.28

-0.125 (-0.33%)

03/08/13
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NWARF

Norwegian Air Shuttle

$0.00

(0.00%)

05:40
12/10/18
12/10
05:40
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05:40
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Norwegian Air Shuttle rating change  »

Norwegian Air Shuttle…

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ASX

ASE Technology

$3.77

-0.06 (-1.57%)

05:39
12/10/18
12/10
05:39
12/10/18
05:39
Earnings
ASE Technology reports November revenue down 3.2% to $1.23B »

Reports November IC-atm…

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EQT

EQT Corporation

$18.42

0.41 (2.28%)

05:38
12/10/18
12/10
05:38
12/10/18
05:38
Periodicals
Rice Energy brothers want to take over running EQT, WSJ reports »

Derek and Toby Rice, who…

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  • 13

    Dec

ALNY

Alnylam

$74.28

-5.45 (-6.84%)

05:37
12/10/18
12/10
05:37
12/10/18
05:37
Hot Stocks
Alnylam announces settlement with Silence Therapeutics »

Alnylam Pharmaceuticals…

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BMY

Bristol-Myers

$53.08

-0.16 (-0.30%)

05:36
12/10/18
12/10
05:36
12/10/18
05:36
Hot Stocks
Bristol-Myers enters new clinical collaboration with Vedanta Biosciences »

Bristol-Myers and Vedanta…

03/08/13
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  • 29

    Dec

  • 24

    Jan

  • 20

    May

QDEL

Quidel

$48.48

-12.835 (-20.93%)

05:35
12/10/18
12/10
05:35
12/10/18
05:35
Conference/Events
Quidel to host conference call »

Conference call to…

03/08/13
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  • 10

    Dec

IQ

iQIYI

$18.51

-1.34 (-6.75%)

, CHL

China Mobile

$49.28

0.61 (1.25%)

05:34
12/10/18
12/10
05:34
12/10/18
05:34
Hot Stocks
iQIYI signs partnership with China Mobile »

iQIYI (IQ) recently…

IQ

iQIYI

$18.51

-1.34 (-6.75%)

CHL

China Mobile

$49.28

0.61 (1.25%)

03/08/13
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QDEL

Quidel

$48.48

-12.835 (-20.93%)

05:27
12/10/18
12/10
05:27
12/10/18
05:27
Recommendations
Quidel analyst commentary  »

Quidel shares likely flat…

03/08/13
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RHHBY

Roche

$0.00

(0.00%)

05:24
12/10/18
12/10
05:24
12/10/18
05:24
Hot Stocks
Roche CEO Daniel O'Day to step down, Genentech CEO William Anderson to succeed »

Roche (RHHBY) announced…

03/08/13
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  • 11

    Dec

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    Dec

  • 18

    Mar

EA

Electronic Arts

$82.57

-1.29 (-1.54%)

05:22
12/10/18
12/10
05:22
12/10/18
05:22
Recommendations
Electronic Arts analyst commentary  »

Electronic Arts price…

03/08/13
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GILD

Gilead

$68.17

-2.01 (-2.86%)

, RHHBY

Roche

$0.00

(0.00%)

05:21
12/10/18
12/10
05:21
12/10/18
05:21
Hot Stocks
Gilead appoints Roche CEO Daniel O'Day as CEO, chairman »

Gilead Sciences announced…

GILD

Gilead

$68.17

-2.01 (-2.86%)

RHHBY

Roche

$0.00

(0.00%)

03/08/13
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  • 11

    Dec

  • 24

    Dec

  • 18

    Mar

FIVE

Five Below

$95.53

-6.19 (-6.09%)

05:16
12/10/18
12/10
05:16
12/10/18
05:16
Upgrade
Five Below rating change  »

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