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ACHC

Acadia

$32.95

0.9 (2.81%)

, KKR

KKR

$20.49

-0.59 (-2.80%)

09:47
11/20/18
11/20
09:47
11/20/18
09:47

KKR not talking to Acadia about buyout, CNBC's Faber says

David Faber stated on air on CNBC that sources tell him that KKR (KKR) is not discussing a buyout with Acadia (ACHC), as reported by The New York Post. Faber hears that KKR may be discussing taking a stake, but not a buyout, he indicated.

ACHC

Acadia

$32.95

0.9 (2.81%)

KKR

KKR

$20.49

-0.59 (-2.80%)

ACHC Acadia
$32.95

0.9 (2.81%)

11/15/18
UBSW
11/15/18
INITIATION
Target $39
UBSW
Neutral
Acadia initiated with a Neutral at UBS
UBS analyst Whit Mayo initiated Acadia with a Neutral rating and a price target of $39.
11/15/18
UBSW
11/15/18
INITIATION
UBSW
HCA Healthcare, Encompass Health, Universal Health initiated with Buy at UBS
UBS analyst Whit Mayo launched coverage of Healthcare Facilities with a broader research note titled "Navigating an Evolving Landscape - Who Will Be Left?". The analyst is most bullish on stocks that "discount the perceived secular sector headwinds" such as Buy-rated HCA Healthcare (HCA), Encompass Health (EHC), and Universal Health (UHS), adding that investors also under-appreciate the accelerating free-cash flow profiles of these companies. Mayo differentiates HCA Healthcare based on its 0% correlation in national hospital utilization trends against public results. The analyst is also bullish on LHC Group (LHCG), stating that its same-property admission growth projections are higher than the rest. Mayo rates Community Health Systems (CYH), DaVita (DVA), and Mednax (MD) at a Sell with a bearish view of dialysis, births, and inpatient surgery end-markets. The analyst sees Community Health Systems same-property volume trend at a relatively low rate. Mayo also gives Acadia (ACHC), Amedisys (AMED), Surgery Partners (SGRY), and Tenet (THC) a Neutral rating as part of this research note based on their relative valuation as a factor of same-property volume growth.
11/16/18
CANT
11/16/18
NO CHANGE
Target $39
CANT
Neutral
Acadia problems viewed as more challenging than expected, says Cantor
Cantor Fitzgerald analyst Dennis Pak attributes the selloff today in shares of Acadia Healthcare to CNBC's report that its sales process has stalled and does "not look particularly promising." The stock in morning trading is down 21%, or $8.04, to $29.82. The analyst thinks the initial read-through of CNBC's report by many investors is that Acadia's problems are more challenging than expected. Whether or not this transaction goes through, the company will be better positioned if it divests its U.K. operations, Pak tells investors in a research note. He finds it difficult to value Acadia without knowing more about the "market's appetite for the U.K. business." Pak keeps a Neutral rating on the shares with a $39 price target.
11/19/18
LEER
11/19/18
NO CHANGE
Target $42
LEER
Market Perform
Acadia selloff appears 'overdone,' says Leerink
Leerink analyst Ana Gupte views Acadia (ACHC) as being oversold after the CNBC newsflow on Friday around the issues ongoing with the sale process to KKR (KKR). The analyst notes that it is unclear to her if the strategic leak to CNBC is coming from the company itself to signal the end of the current sale process, or is a move from the current potential buyers in pursuit of a lower price. Gupte reiterates a Market Perform rating and $42 price target on Acadia shares.
KKR KKR
$20.49

-0.59 (-2.80%)

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.
10/26/18
ARGS
10/26/18
UPGRADE
ARGS
Buy
KKR upgraded to Buy from Hold at Argus
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".

TODAY'S FREE FLY STORIES

SPY

SPDR S&P 500 ETF Trust

$257.02

1.93 (0.76%)

10:20
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Options
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10:20
12/19/18
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General news
Treasury Action: yields remained pinned lower »

Treasury Action: yields…

ULTA

Ulta Beauty

$245.00

4.07 (1.69%)

, MTCH

Match Group

$42.58

0.6 (1.43%)

10:19
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ULTA

Ulta Beauty

$245.00

4.07 (1.69%)

MTCH

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$42.58

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SSTI

ShotSpotter

$30.30

1.12 (3.84%)

OKTA

Okta

$66.09

3.32 (5.29%)

CLLS

Cellectis

$18.35

0.6 (3.38%)

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  • 08

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    Jan

ALKS

Alkermes

$31.58

-0.25 (-0.79%)

, ADI

Analog Devices

$87.50

-0.57 (-0.65%)

10:19
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ALKS

Alkermes

$31.58

-0.25 (-0.79%)

ADI

Analog Devices

$87.50

-0.57 (-0.65%)

UAA

Under Armour

$18.63

-0.18 (-0.96%)

UA

Under Armour

$17.21

-0.18 (-1.04%)

MU

Micron

$33.30

-0.82 (-2.40%)

JPM

JPMorgan

$99.31

0.79 (0.80%)

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  • 07

    Jan

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  • 08

    Jan

  • 31

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  • 26

    Feb

  • 03

    Mar

MDT

Medtronic

$92.20

0.18 (0.20%)

, MASI

Masimo

$106.37

1.08 (1.03%)

10:19
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Upgrade
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MDT

Medtronic

$92.20

0.18 (0.20%)

MASI

Masimo

$106.37

1.08 (1.03%)

DRI

Darden

$103.74

-0.08 (-0.08%)

BBY

Best Buy

$52.56

0.57 (1.10%)

GE

General Electric

$7.78

0.505 (6.95%)

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  • 27

    Jan

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
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12/19
10:17
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10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
12/19/18
12/19
10:16
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10:16
Technical Analysis
NYSE market internals summary »

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10:15
12/19/18
12/19
10:15
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10:15
General news
U.S. existing home sales rose 1.9% to 5.320 M in November »

U.S. existing home sales…

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General news
Breaking General news story  »

Week of 12/14 EIA…

XLU

Utilities SPDR

$54.42

-0.21 (-0.38%)

10:10
12/19/18
12/19
10:10
12/19/18
10:10
Options
18.8K SPDR Utility Fund Dec 51 - 53 put spreads trade 12c »

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FND

Floor & Decor

$26.63

0.09 (0.34%)

10:06
12/19/18
12/19
10:06
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10:06
Recommendations
Floor & Decor analyst commentary  »

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BWA

BorgWarner

$35.14

0.73 (2.12%)

10:05
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Hot Stocks
BorgWarner extends agreement to be Official Turbocharger Partner of INDYCAR »

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SEED

Origin Agritech

$6.37

(0.00%)

10:03
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10:03
Hot Stocks
Origin Agritech announces establishment of two additional joint ventures »

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10:02
12/19/18
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10:02
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General news
Existing Home Sales data reported »

November Existing Home…

APD

Air Products

$156.68

1.95 (1.26%)

10:02
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10:02
Hot Stocks
Air Products to supply three nitrogen generation plants to energy project »

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FDX

FedEx

$169.62

-15.39 (-8.32%)

10:00
12/19/18
12/19
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FedEx falls -8.4% »

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FTSI

FTS International

$7.54

-0.7 (-8.50%)

10:00
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FTS International falls -8.6% »

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  • 10

    Feb

UGAZ

VelocityShares 3x Long Natural Gas ETN

$73.20

-14.04 (-16.09%)

10:00
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Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -15.9% »

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JBL

Jabil

$24.37

2.16 (9.73%)

10:00
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Jabil rises 9.8% »

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FDX

FedEx

$169.62

-15.39 (-8.32%)

10:00
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Options
Fedex delivers pain to pre-earnings call buyers »

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CIVI

Civitas Solutions

$17.60

1.91 (12.17%)

10:00
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Hot Stocks
Civitas Solutions rises 12.5% »

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  • 08

    Mar

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$84.73

11.65 (15.94%)

10:00
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Hot Stocks
VelocityShares 3x Inv Natural Gas ETN rises 15.9% »

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AGN

Allergan

$138.38

-8.39 (-5.72%)

09:55
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Options
Allergan put volume heavy and directionally bearish »

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  • 05

    Jan

GIS

General Mills

$39.15

2.45 (6.68%)

, GE

General Electric

$7.65

0.38 (5.23%)

09:55
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09:55
Options
Early notable gainers among liquid option names on December 19th »

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GIS

General Mills

$39.15

2.45 (6.68%)

GE

General Electric

$7.65

0.38 (5.23%)

FCX

Freeport McMoRan

$10.73

0.13 (1.23%)

SEE

Sealed Air

$34.68

0.72 (2.12%)

CF

CF Industries

$42.94

1.17 (2.80%)

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  • 19

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$255.67

0.58 (0.23%)

09:51
12/19/18
12/19
09:51
12/19/18
09:51
Periodicals
White House won't tell CNBC when Trump spoke to Powell last »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$255.67

0.58 (0.23%)

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