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VLKAY

Volkswagen

$0.00

(0.00%)

, AVGO

Broadcom

$232.01

4.32 (1.90%)

13:04
11/21/18
11/21
13:04
11/21/18
13:04

Broadcom agrees to settle patent lawsuit against Volkswagen, Reuters says

Volkswagen (VLKAY) has struck a deal with Broadcom (AVGO) to end a billion-dollar patent lawsuit, according to Reuters, citing a source close to the automaker. The companies signed an out-of-court settlement and a court hearing scheduled for Friday is now canceled, the report added. Reference Link

VLKAY

Volkswagen

$0.00

(0.00%)

AVGO

Broadcom

$232.01

4.32 (1.90%)

  • 06

    Dec

VLKAY Volkswagen
$0.00

(0.00%)

04/25/18
JEFF
04/25/18
NO CHANGE
Target $53
JEFF
Buy
VW acquisition scenario supports $53 Navistar target, says Jefferies
Recent news flow regarding a separation of Volkswagen's (VLKAY) Truck and Bus business and the potential for full ownership of Navistar (NAV) has driven Navistar shares up 13% relative to the S&P 500 over the past month, Jefferies analyst Stephen Volkmann tells investors in a research note. After examining potential synergies and valuation scenarios for a tie-up, the analyst has increased confidence in his high-on-the-Street $53 price target for Navistar shares.
05/31/18
JEFF
05/31/18
NO CHANGE
JEFF
Buy
Jefferies lists buys on 'wildly overdone' electric truck concerns
The ramp of electric trucks amp may be slower than in passenger cars, and incumbent truck makers are likely to remain key players, Jefferies analyst Stephen Volkmann tells investors in a research note. To a much greater extent than in passenger vehicles, commercial vehicle sales rely on uptime and return on investment, and are driven by brand relationship and dealer support, Volkmann adds. He views the "terminal multiple" concerns for established truck players as "wildly overdone" and recommends buying shares of Paccar (PCAR), Navistar (NAV), Volkswagen (VLKAY) and Volvo (VOLVY).
06/15/18
JEFF
06/15/18
NO CHANGE
Target $53
JEFF
Buy
As VW appointment drives Navistar speculation, Jefferies sees eventual buyout
Noting that Navistar (NAV) shares are rising amid broader market weakness today following a Reuters report that Volkswagen (VLKAY) has appointed a new CFO noted to be an M&A expert, Jefferies analyst Stephen Volkmann said he continues to believe Volkswagen will pursue full ownership of Navistar, although he calls the timing of such an event "highly uncertain." He maintains a Buy rating and "Street high" price target of $53 on Navistar shares.
09/19/18
VERF
09/19/18
NO CHANGE
VERF
Sell
E-tron may not be 'Tesla killer,' but still a 'real risk,' says Vertical Group
After attending Audi's (AUDVF) launch event for its e-tron SUV, Vertical Group analyst Gordon Johnson said he sees Audi's foray in the EV space as "a real risk" to Tesla (TSLA) and other EV auto makers including Chevy (GM) and Ford (F). The Electrify America charging network, owned by a JV of Audi parent Volkswagen (VLKAY) and funded by "Dieselgate," positions Audi's fast-charging ambitions among the most robust, if not the most robust, in the U.S. currently, added Johnson. He does not see Audi's forthcoming e-tron as a "TSLA Killer," but does not "see it a stretch to think of it as a potential TSLA Model X killer," he concludes in his note to investors. Johnson keeps a Sell rating on Tesla shares.
AVGO Broadcom
$232.01

4.32 (1.90%)

11/08/18
DBAB
11/08/18
INITIATION
Target $310
DBAB
Buy
Broadcom resumed with a Buy at Deutsche Bank
Deutsche Bank analyst Ross Seymore resumed coverage of Broadcom with a Buy rating and $310 price target. The analyst believes the company's core semiconductor business possesses "leadership positions in a wide array of end markets."
11/08/18
11/08/18
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Stanley Black & Decker (SWK) initiated with a Hold at Deutsche Bank. 2. Comcast (CMCSA) resumed with an Overweight at Morgan Stanley while Amarin (AMRN) and Immunomedics (IMMU) were assumed with a Buy at the firm. 3. Broadcom (AVGO) resumed with a Buy at Deutsche Bank and reinstated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/13/18
MKMP
11/13/18
NO CHANGE
Target $86
MKMP
After Qorvo warns, MKM says Apple risk 'largely' factored into supply chain
MKM Partners analyst Ruben Roy noted that Qorvo (QRVO) followed Lumentum (LITE) in reducing its December quarter outlook due to recent demand forecast changes for Apple's (AAPL) iPhone. He also noted that Qorvo expects March quarter revenues to be down less than 10%, sequentially, which he points out is better than the seasonal declines in the previous two fiscal years and likely due to content increases across a number of upcoming Samsung handsets. Roy said he remains positive on Qorvo given his continued expectations for market share gains, but lowered his price target on the stock to $86 from $95. In terms of other Apple supply chain companies, he believes that Skyworks' (SWKS) guidance likely considered the demand changes at Apple, but thinks Cirrus Logic (CRUS) provided December quarter guidance ahead of Apple changes. Roy also notes that Broadcom (AVGO) will report on December 6. While seeing some risk to near-term wireless estimates, Roy concluded that he believes Apple risk is "largely incorporated" into supply chain expectations at this point.
11/16/18
FBCO
11/16/18
INITIATION
Target $300
FBCO
Outperform
Broadcom reinstated with an Outperform at Credit Suisse
Credit Suisse analyst John Pitzer reinstated coverage of Broadcom with an Outperfrom rating and $300 price target. In a research note to investors, Pitzer says that while CA is clearly untraditional and controversial, strong stable share, longer duration revenues and the potential for significant cost synergies adds to Broadcom's 19 existing franchises to drive steady free cash flow to support dividends, buybacks and M&A.

TODAY'S FREE FLY STORIES

SCL

Stepan Company

$75.84

0.62 (0.82%)

21:26
12/10/18
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21:25
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Conference/Events
Morgan Stanley semiconductors analysts to hold analyst/industry conference call »

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POL

PolyOne

$30.74

-0.24 (-0.77%)

21:17
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OLN

Olin

$20.32

0.14 (0.69%)

21:14
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Initiation
Olin initiated at Stifel »

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KRA

Kraton

$24.26

0.3 (1.25%)

21:07
12/10/18
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Initiation
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HT

Hersha Hospitality

$18.49

-0.27 (-1.44%)

20:57
12/10/18
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20:57
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20:57
Downgrade
Hersha Hospitality rating change at Wells Fargo »

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CARS

Cars.com

$23.94

-0.37 (-1.52%)

20:53
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Cars.com responds to letter from Starboard Value fund »

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VERI

Veritone

$6.90

1.28 (22.78%)

20:49
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Veritone confirms unsolicited bid from Apis Capital »

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NGVT

Ingevity

$86.46

1.31 (1.54%)

20:47
12/10/18
12/10
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20:47
Initiation
Ingevity initiated at Stifel »

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FUL

H.B. Fuller

$41.36

-0.36 (-0.86%)

20:38
12/10/18
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Initiation
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EMN

Eastman Chemical

$72.77

-0.36 (-0.49%)

20:29
12/10/18
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20:29
Initiation
Eastman Chemical initiated at Stifel »

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DSW

DSW

$23.04

-1.19 (-4.91%)

20:25
12/10/18
12/10
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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  • 11

    Dec

CE

Celanese

$89.79

-1.445 (-1.58%)

20:24
12/10/18
12/10
20:24
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20:24
Initiation
Celanese initiated at Stifel »

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ASIX

AdvanSix

$25.33

0.18 (0.72%)

20:18
12/10/18
12/10
20:18
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20:18
Initiation
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GWW

Grainger

$285.60

-3.88 (-1.34%)

20:11
12/10/18
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Initiation
Grainger initiated at Buckingham »

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  • 24

    Jan

NFLX

Netflix

$269.80

4.66 (1.76%)

20:00
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12/10
20:00
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Initiation
Netflix initiated at DZ Bank »

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VIVHY

Vivendi

$0.00

(0.00%)

19:12
12/10/18
12/10
19:12
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Periodicals
Vivendi seeks to invest in Trump partner's Indonesia TV unit, Bloomberg says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

19:05
12/10/18
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Periodicals
Human rights orgs urge Google to not launch censored app in China, Verge says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

GOOGL

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$1,052.80

5.81 (0.55%)

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  • 11

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ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

, ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

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ASNA

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$2.73

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ASPU

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$5.66

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CARS

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$7.05

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CR

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SFIX

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CASY

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$119.64

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NX

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$14.05

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CAMP

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RARX

RA Pharmaceuticals

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SAEX

SAExploration

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  • 10

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TROX

Tronox

$7.05

-0.25 (-3.42%)

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Tronox CEO discloses purchase of 25K shares of common stock »

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ALGT

Allegiant Travel

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18:37
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SPLK

Splunk

$108.55

2.85 (2.70%)

18:27
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  • 10

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EFC

Ellington Financial

$15.57

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NTDOY

Nintendo

$0.00

(0.00%)

18:22
12/10/18
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18:22
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New 'Smash Bros.' fastest selling Switch game so far, Gamesindustry.biz says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

18:15
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Alphabet

$1,040.02

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GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

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  • 11

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