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SFTBF

SoftBank

$0.00

(0.00%)

06:20
11/30/18
11/30
06:20
11/30/18
06:20

SoftBank mobile unit to be valued at roughly $63B in IPO, FT reports

SoftBank has set an indicative price of Y1,500 per share for the initial public offering of its mobile phone division, valuing the business at roughly Y7.2T, or $63B, the Financial Times reports, citing a company filing. The new share issuance, expected for December 19, will be overwhelmingly marketed to Japanese retail investors, who have been allotted just over 87% of all the new shares being issued and with a provision for overallotment of additional shares included, the IPO would raise roughly $23B. Reference Link

SFTBF SoftBank
$0.00

(0.00%)

09/07/18
OPCO
09/07/18
NO CHANGE
Target $275
OPCO
Outperform
Palo Alto Networks price target raised to $275 from $235 at Oppenheimer
Oppenheimer analyst Shaul Eyal maintained an Outperform rating on Palo Alto Networks (PANW) and raised his price target to $275 from $235 following the company's "robust" Q4 results, noting that the results "beat almost every possible metric." In a research note to investors, Eyal says that the CEO transition appears to be progressing smoothly and he "appreciated" constructive conference call commentary from CEO Nikesh Arora about his strategic vision, even though he is only 90 days into the new role. Eyal contends that Palo Alto Networks remains a "builder rather than a buyer," and that Arora's former experience -- at Google (GOOGL) and SoftBank (SFTBF) -- should not be interpreted as a sign of "future splashy acquisitions."
07/10/18
RBCM
07/10/18
NO CHANGE
Target $53
RBCM
Outperform
General Motors price target raised to $53 at RBC Capital
RBC Capital analyst Joseph Spak kept his Outperform rating on General Motors (GM) and nudged his price target to $53 from $52, saying the recent $2.25B investment by Softbank (SFTBF) adds validation to the company's GM Cruise robo-taxi offering plans. Aside from the validation, Spak notes that the investment "provides capital to reach scale commercialization, affords GM capital allocation flexibility, and unlocks GM share price value as Cruise around $7 per share."
06/06/18
MSCO
06/06/18
NO CHANGE
MSCO
Morgan Stanley says Softbank stake in Cruise significant 'far beyond' just GM
Morgan Stanley analyst Adam Jonas said Softbank's (SFTBF) recently announced investment in GM Cruise "carries significance far beyond" General Motors (GM), arguing that the increasingly conspicuous involvement of "outside validators" such as large-cap tech firms and prominent investors can accelerate perception change in the capital markets about "Auto 2.0." He envisions the possible formation of two different companies currently held under one automaker's roof, which he dubs an Auto 2.0 "Yieldco" and an Auto 2.0 "Growthco." Converting car owners into monthly subscribers could open up significant revenue, profit, and value opportunities for traditional automakers, argues Jonas in a note to investors. Other automaking "OEMs" include Ford (F), Daimler (DDAIF), Toyota (TM), Honda (HMC), Fiat Chrysler (FCAU) and BMW Group (BAMXY).
05/31/18
05/31/18
UPGRADE
Target $50

Outperform
General Motors upgraded to Outperform after SoftBank investment at Evercore ISI
As previously reported, Evercore ISI analyst George Galliers upgraded General Motors (GM) to Outperform from In Line after SoftBank's (SFTBF) Vision Fund agreed to invest in the company's Cruise autonomous driving unit in a deal that values the unit at $11.5B. Galliers said he had been assigning no value to the Cruise assets before the announcement. Under his new sum-of-the-parts valuation, Galliers applies a 6.0x multiple on GM's core, attributes a value of about $8 per share for the Cruise assets and about 60c per share for GM's stake in Lyft before applying a 25% discount to both of the latter. He raised his price target on GM shares to $50 from $47.

TODAY'S FREE FLY STORIES

OMF

OneMain Holdings

$40.77

0.09 (0.22%)

07:55
11/20/19
11/20
07:55
11/20/19
07:55
Conference/Events
OneMain Holdings to host investor day »

Investor day to be held…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 20

    Nov

NVO

Novo Nordisk

$57.05

-0.01 (-0.02%)

07:54
11/20/19
11/20
07:54
11/20/19
07:54
Hot Stocks
Novo Nordisk says on track to meet current long-term financial targets »

Novo Nordisk announced it…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 07

    Dec

QCOM

Qualcomm

07:54
11/20/19
11/20
07:54
11/20/19
07:54
Recommendations
Qualcomm analyst commentary  »

Qualcomm guidance leaves…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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QCOM

Qualcomm

$87.95

-2.52 (-2.79%)

07:54
11/20/19
11/20
07:54
11/20/19
07:54
Recommendations
Qualcomm analyst commentary  »

Qualcomm guidance leaves…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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GTY

Getty Realty

$33.40

0.195 (0.59%)

07:53
11/20/19
11/20
07:53
11/20/19
07:53
Conference/Events
Getty Realty management to meet with BTIG »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 20

    Nov

  • 21

    Nov

FLDM

Fluidigm

$2.33

-0.005 (-0.21%)

07:53
11/20/19
11/20
07:53
11/20/19
07:53
Syndicate
Breaking Syndicate news story on Fluidigm »

Fluidigm to offer $45M in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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QCOM

Qualcomm

$87.95

-2.52 (-2.79%)

07:53
11/20/19
11/20
07:53
11/20/19
07:53
Recommendations
Qualcomm analyst commentary  »

Qualcomm margins…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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GNK

Genco Shipping

$10.56

-0.15 (-1.40%)

07:52
11/20/19
11/20
07:52
11/20/19
07:52
Conference/Events
Genco Shipping management to meet with B. Riley FBR »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 20

    Nov

LPSN

LivePerson

$37.26

-0.64 (-1.69%)

07:51
11/20/19
11/20
07:51
11/20/19
07:51
Initiation
LivePerson initiated  »

LivePerson initiated with…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 10

    Dec

EFX

Equifax

$141.37

1.93 (1.38%)

07:51
11/20/19
11/20
07:51
11/20/19
07:51
Hot Stocks
Equifax and Neustar partner for segmentation solution for financial services »

Equifax and Neustar…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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EXC

Exelon

$45.38

-0.03 (-0.07%)

07:50
11/20/19
11/20
07:50
11/20/19
07:50
Hot Stocks
Exelon begins to acquire full ownership of three nuclear energy facilities »

Exelon announced that EDF…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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TJX

TJX

$60.66

1.12 (1.88%)

07:50
11/20/19
11/20
07:50
11/20/19
07:50
Recommendations
TJX analyst commentary  »

TJX price target raised…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 05

    Dec

07:50
11/20/19
11/20
07:50
11/20/19
07:50
General news
U.S. mortgage applications fell -2.2% in the week ended November 15 »

U.S. mortgage…

ACN

Accenture

$198.32

0.32 (0.16%)

07:48
11/20/19
11/20
07:48
11/20/19
07:48
Recommendations
Accenture analyst commentary  »

Accenture price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 19

    Dec

GGG

Graco

$47.77

0.175 (0.37%)

07:46
11/20/19
11/20
07:46
11/20/19
07:46
Conference/Events
Graco management to meet with Oppenheimer »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 20

    Nov

  • 21

    Nov

HOG

Harley-Davidson

$36.86

-0.705 (-1.88%)

07:45
11/20/19
11/20
07:45
11/20/19
07:45
Recommendations
Harley-Davidson analyst commentary  »

Harley-Davidson estimates…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Nov

GFF

Griffon

$21.98

-0.45 (-2.01%)

07:43
11/20/19
11/20
07:43
11/20/19
07:43
Conference/Events
Griffon management to meet with Sidoti »

Meeting to be held in…

03/08/13
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03/06/13
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03/06/13
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  • 20

    Nov

GDDY

GoDaddy

$68.24

-0.05 (-0.07%)

07:42
11/20/19
11/20
07:42
11/20/19
07:42
Conference/Events
GoDaddy management to meet with Wedbush »

Meeting to be held in Los…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 20

    Nov

  • 03

    Dec

  • 09

    Dec

TJX

TJX

$60.66

1.12 (1.88%)

07:42
11/20/19
11/20
07:42
11/20/19
07:42
Recommendations
TJX analyst commentary  »

TJX price target raised…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 05

    Dec

AMRN

Amarin

$22.74

0.11 (0.49%)

, MDCO

The Medicines Co.

$70.17

11.51 (19.62%)

07:41
11/20/19
11/20
07:41
11/20/19
07:41
Recommendations
Citi prefers Amarin shares to The Medicines Co. after this week's divergence »

Amarin (AMRN) shares this…

AMRN

Amarin

$22.74

0.11 (0.49%)

MDCO

The Medicines Co.

$70.17

11.51 (19.62%)

NVS

Novartis

$90.42

0.14 (0.16%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 07

    Dec

  • 28

    Dec

FTDR

Frontdoor

$45.68

1.26 (2.84%)

07:41
11/20/19
11/20
07:41
11/20/19
07:41
Conference/Events
Frontdoor management to meet with Oppenheimer »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 20

    Nov

  • 09

    Dec

RCI

Rogers Communications

$47.86

(0.00%)

, AMZN

Amazon.com

$1,752.17

-0.53 (-0.03%)

07:40
11/20/19
11/20
07:40
11/20/19
07:40
Hot Stocks
Rogers announces availability of Amazon Prime Video on Ignite TV »

Rogers (RCI) announced…

RCI

Rogers Communications

$47.86

(0.00%)

AMZN

Amazon.com

$1,752.17

-0.53 (-0.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 20

    Nov

RJF

Raymond James

$89.25

-0.06 (-0.07%)

07:40
11/20/19
11/20
07:40
11/20/19
07:40
Initiation
Raymond James initiated  »

Raymond James initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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07:40
11/20/19
11/20
07:40
11/20/19
07:40
General news
Treasury Market Outlook: yields continued to fall overnight »

Treasury Market Outlook:…

KSS

Kohl's

$47.01

-11.38 (-19.49%)

07:39
11/20/19
11/20
07:39
11/20/19
07:39
Recommendations
Kohl's analyst commentary  »

Kohl's price target…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 05

    Dec

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