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BX

Blackstone

$33.86

0.095 (0.28%)

, CG

Carlyle Group

$18.42

-0.02 (-0.11%)

15:57
11/30/18
11/30
15:57
11/30/18
15:57

Blackstone, Carlyle among bidders for Verita's StandardAero, Bloomberg says

BX

Blackstone

$33.86

0.095 (0.28%)

CG

Carlyle Group

$18.42

-0.02 (-0.11%)

BX Blackstone
$33.86

0.095 (0.28%)

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
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.
09/25/18
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.
11/30/18
MSCO
11/30/18
NO CHANGE
Target $42
MSCO
Overweight
Morgan Stanley more positive on Blackstone growth path after management meeting
After recently hosting an investor meeting with Jon Gray, Blackstone's President and COO, Morgan Stanley analyst Michael Cyprys said he is more positive on the company's growth trajectory, stating that its $130B fundraising pipeline should drive 50% growth in fee-related earnings over the next two years. The analyst, who also thinks a potential C-Corp conversion could unlock value in 2019, keeps an Overweight rating and $42 price target on Blackstone, adding that he thinks the shares could trade near $38 in the near-term if the market begins to assign higher odds to such a C-Corp change.
CG Carlyle Group
$18.42

-0.02 (-0.11%)

11/14/18
MSCO
11/14/18
DOWNGRADE
MSCO
Equal Weight
Carlyle Group downgraded to Equal Weight from Overweight at Morgan Stanley
11/14/18
MSCO
11/14/18
UPGRADE
MSCO
Overweight
Morgan Stanley upgrades TD Ameritrade, favors brokers late cycle
As previously reported, Morgan Stanley analyst Michael Cyprys upgraded TD Ameritrade (AMTD) to Overweight from Equal Weight, stating that he favors discount brokers in a more volatile, late cycle environment. Among the group, TD Ameritrade has the most countercyclical revenue streams, with 27% of revenue tied to trading commissions that tend to spike in volatile environments, Cyprys tells investors. He raised his price target on TD Ameritrade shares to $65 from $61. Cyprys, who also sees growing risk to portfolio harvesting and dividends, lowered his ratings on alternative asset managers Apollo Global (APO) and Carlyle Group (CG), each to Equal Weight.
11/14/18
MSCO
11/14/18
DOWNGRADE
MSCO
Equal Weight
Morgan Stanley downgrades Apollo Global and Carlyle, favors brokers late cycle
As previously reported, Morgan Stanley analyst Michael Cyprys downgraded Apollo Global (APO) and Carlyle Group (CG), each to Equal Weight from Overweight, stating that he sees growing risk to portfolio harvesting and dividends and favors discount brokers in a more volatile, late cycle environment. On Apollo, he said he now has less conviction that cash performance fees can accelerate over the next 12 months given the more volatile market backdrop. On Carlyle, he sees risk to growing cash performance fees with increased market volatility. Cyprys lowered his price target on Apollo shares to $34 from $42 and cut his price target on Carlyle shares to $23 from $31.
11/14/18
11/14/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Neutral from Buy at Guggenheim with analyst Robert Cihra saying the average selling price of the iPhone has increased a "dramatic" $220, or 40%, over the past 10 years, reflecting its "growing value to both consumer and business markets." 2. Kellogg (K) downgraded to Neutral from Overweight at JPMorgan with analyst Ken Goldman saying that while nothing at the company's investor day "necessarily disappointed" him, he also did not gain "much comfort that the bottom-line turnaround would be swift." 3. Apollo Global (APO) and Carlyle Group (CG) were downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Conagra Brands (CAG) downgraded to Underperform from Market Perform at Bernstein with analyst Alexia Howard saying the frozen category has experienced positive growth over the past year, largely led by new product innovation from Conagra and Pinnacle Foods, but this now seems to be running out of steam. 5. Tenneco (TEN) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Armintas Sinkevicius citing its elevated leverage and limited free cash flow conversion in what he views as an increasingly uncertain environment for auto suppliers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TOL

Toll Brothers

$39.55

-0.565 (-1.41%)

, DHI

D.R. Horton

$54.73

-1.17 (-2.09%)

11:51
12/12/19
12/12
11:51
12/12/19
11:51
Recommendations
Toll Brothers, D.R. Horton analyst commentary  »

Toll Brothers added to…

TOL

Toll Brothers

$39.55

-0.565 (-1.41%)

DHI

D.R. Horton

$54.73

-1.17 (-2.09%)

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ALV

Autoliv

$85.31

2.14 (2.57%)

11:48
12/12/19
12/12
11:48
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11:48
Conference/Events
Autoliv management to meet with Mizuho »

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  • 17

    Dec

AAPL

Apple

$269.52

-1.19 (-0.44%)

11:46
12/12/19
12/12
11:46
12/12/19
11:46
Periodicals
Apple supplier reaches agreement for $736M bailout, Bloomberg reports »

Apple supplier Japan…

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IRBT

iRobot

$49.39

3.15 (6.81%)

11:45
12/12/19
12/12
11:45
12/12/19
11:45
Options
iRobot call volume above normal and directionally bullish »

Bullish option flow…

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11:45
12/12/19
12/12
11:45
12/12/19
11:45
Conference/Events
The Empire Club of Canada holds a luncheon meeting »

The Bank of Canada…

COUP

Coupa Software

$137.90

-6.21 (-4.31%)

11:43
12/12/19
12/12
11:43
12/12/19
11:43
Conference/Events
Coupa Software management to meet with Needham »

Meeting to be held in San…

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  • 12

    Dec

  • 17

    Dec

  • 06

    Jan

FIVN

Five9

$65.32

-0.08 (-0.12%)

11:42
12/12/19
12/12
11:42
12/12/19
11:42
Conference/Events
Five9 management to meet with Needham »

Meeting to be held in San…

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  • 12

    Dec

  • 17

    Dec

FORM

FormFactor

$25.31

1.54 (6.48%)

11:41
12/12/19
12/12
11:41
12/12/19
11:41
Conference/Events
FormFactor management to meet with Needham »

Meeting to be held in…

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  • 18

    Dec

11:39
12/12/19
12/12
11:39
12/12/19
11:39
Conference/Events
JPMorgan biotechnology analysts to hold an analsyt/industry conference call »

Biotech Analysts Kasimov,…

11:34
12/12/19
12/12
11:34
12/12/19
11:34
Conference/Events
JPMorgan payment/IT services analyst to hold an analyst/industry conference call »

Payments, Processors…

ICE

IntercontinentalExchange

$91.48

-0.87 (-0.94%)

11:33
12/12/19
12/12
11:33
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11:33
Hot Stocks
ICE announces first block trade of Bakkt Bitcoin Monthly Options »

Intercontinental Exchange…

03/08/13
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  • 06

    Feb

BILL

Bill.com

$0.00

(0.00%)

11:30
12/12/19
12/12
11:30
12/12/19
11:30
Syndicate
Breaking Syndicate news story on Bill.com »

Bill.com opens at $37.25,…

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  • 12

    Dec

11:28
12/12/19
12/12
11:28
12/12/19
11:28
Conference/Events
JPMorgan beverage/household analyst to hold an analyst/industry conference call »

Beverage, Household &…

BILL

Bill.com

$0.00

(0.00%)

11:27
12/12/19
12/12
11:27
12/12/19
11:27
Syndicate
Breaking Syndicate news story on Bill.com »

Bill.com indicated to…

03/08/13
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03/08/13
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03/06/13
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  • 12

    Dec

PCG

PG&E

$11.27

-0.86 (-7.09%)

11:25
12/12/19
12/12
11:25
12/12/19
11:25
Options
PG&E call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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  • 07

    Jan

LUV

Southwest

$55.10

1.12 (2.07%)

11:25
12/12/19
12/12
11:25
12/12/19
11:25
Conference/Events
The Wings Club to hold a luncheon meeting »

The Wings Club of New…

03/08/13
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  • 12

    Dec

  • 23

    Jan

GNFT

Genfit

$16.82

1.44 (9.36%)

11:25
12/12/19
12/12
11:25
12/12/19
11:25
Conference/Events
Roth Capital healthcare analyst to hold an analyst/industry conference call »

Healthcare Analyst Rahimi…

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  • 12

    Dec

  • 18

    Dec

ENPH

Enphase Energy

$24.33

0.12 (0.50%)

11:25
12/12/19
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11:25
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Conference/Events
Enphase Energy to host analyst day »

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  • 12

    Dec

11:20
12/12/19
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General news
Treasury announced a $78 B in 3- and 6-month bill auctions for Monday »

Treasury announced a $78…

SSNLF

Samsung

$0.00

(0.00%)

11:19
12/12/19
12/12
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Periodicals
Exec says Samsung has sold 1M Galaxy Fold smartphones, TechCrunch reports »

Young Sohn, the president…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
12/12/19
12/12
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
12/12/19
12/12
11:16
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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11:15
12/12/19
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General news
Today's U.S. reports »

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General news
Breaking General news story  »

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General news
Breaking General news story  »

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