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COLD

Americold Realty Trust

$30.69

-0.4 (-1.29%)

, BX

Blackstone

$35.54

(0.00%)

06:29
04/16/19
04/16
06:29
04/16/19
06:29

Americold Realty Trust to acquire Cloverleaf Cold Storage for $1.24B

Americold Realty Trust (COLD) announced that the company has entered into a definitive agreement to acquire privately-held Chiller Holdco from Cloverleaf management and an investor group led by private equity funds managed by Blackstone (BX) for a purchase price of $1.24B. The closing of the acquisition is subject to customary closing conditions and is expected to occur in the second quarter.

COLD

Americold Realty Trust

$30.69

-0.4 (-1.29%)

BX

Blackstone

$35.54

(0.00%)

  • 18

    Apr

  • 22

    May

COLD Americold Realty Trust
$30.69

-0.4 (-1.29%)

05/10/18
05/10/18
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. Americold Realty Trust (COLD) initiated with an Outperform at Raymond James. 2. Trade Desk (TTD) initiated with an Outperform at Oppenheimer. 3. Eleven Biotherapeutics (EBIO) initiated with a Buy at Laidlaw. 4. nVent Electric (NVT) initiated with an Outperform at RBC Capital. 5. Ultragenyx (RARE) and Five Prime (FPRX) were initiated with a Neutral at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/21/18
RHCO
11/21/18
NO CHANGE
Target $32
RHCO
Buy
Americold Realty Trust price target raised to $32 from $26 at SunTrust
SunTrust analyst Ki Bin Kim raised his price target on Americold Realty Trust to $32 and kept his Buy rating after its Q3 results. The analyst notes that the REIT's service revenue per pallet continues to surprise to the upside and also offers a positive outlook for its $600M development agreement with Australia's Woolworth's Group. With online grocery fulfillment coming to the U.S. markets and capital rates compressed, Ki Bin Kim contends that Americold Realty Trust offers "one of the best earnings growth rate profiles" in his coverage universe.
03/13/19
BREN
03/13/19
INITIATION
Target $35
BREN
Buy
Americold Realty Trust initiated with a Buy at Berenberg
Berenberg initiated Americold Realty Trust with a Buy and $35 price target.
03/13/19
03/13/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. CVS Health (CVS) initiated with an Outperform at Bernstein. 2. Rhythm Pharmaceuticals (RYTM) initiated with a Buy at Ladenburg. 3. Solaris Oilfield (SOI) initiated with a Buy at B. Riley FBR. 4. Americold Realty Trust (COLD) initiated with a Buy at Berenberg. 5. Cheniere Energy (LNG) initiated with an Outperform at Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
BX Blackstone
$35.54

(0.00%)

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.
01/02/19
SUSQ
01/02/19
UPGRADE
Target $31
SUSQ
Positive
Crocs upgraded to Positive at Susquehanna
As reported previously, Susquehanna analyst Sam Poser upgraded Crocs (CROX) to Positive from Neutral. The analyst cited the recent repurchase and conversion of Blackstone's (BX) preferred stock position as it removes a substantial financial overhang from the company's capital structure and shifts more control of the business into the hands of existing and potential shareholders. In addition, the business continues to accelerate as processes and products improve and the brand gains traction, said Poser, who raised his price target to $31 from $25 on Crocs shares.
04/15/19
SBSH
04/15/19
UPGRADE
Target $35
SBSH
Neutral
Citi upgrades Franklin Resources, Artisan to Neutral from Sell
Citi analyst William Katz upgraded both Franklin Resources (BEN) and Artisan Partners (APAM) to Neutral from Sell. The analyst raised his price target to $35 from $28 for the former and to $25 from $20 for the latter. Ahead of the Q1 earnings season, however, the analyst favors the Alternatives. His top picks are Och-Ziff Capital (OZM), Brookfield (BAM) and Blackstone (BX). Katz, though, is "tactically less negative" on the Traditional asset managers.

TODAY'S FREE FLY STORIES

TSLA

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OMAB

OMA Airports

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HMC

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NTDOY

Nintendo

$0.00

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18:05
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ARGO

Argo Group

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0.515 (0.70%)

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    Jun

SJW

SJW Corp.

$61.56

0.3 (0.49%)

18:03
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SJW Corp. reports Q1 EPS 21c with items, consensus 14c »

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CE

Celanese

$110.96

-1.19 (-1.06%)

18:02
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Celanese announces acetyl intermediates price increases »

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  • 30

    Apr

ISTR

Investar Holding

$22.45

-0.09 (-0.40%)

18:02
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Earnings
Investar Holding reports Q1 EPS 46c, consensus 45c »

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MSFT

Microsoft

$125.00

-0.5 (-0.40%)

18:00
04/24/19
04/24
18:00
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Earnings
Microsoft sees total Q4 revenue at implied $32.2B-$32.9B, consensus $32.63B »

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ISBC

Investors Bancorp

$12.27

0.07 (0.57%)

17:52
04/24/19
04/24
17:52
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17:52
Earnings
Investors Bancorp reports Q1 EPS 18c, consensus 20c »

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FB

Facebook

$182.64

-1.13 (-0.61%)

17:51
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Facebook CEO says 'quite focused on' commerce and payments »

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FB

Facebook

$182.64

-1.13 (-0.61%)

17:42
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Facebook says encrypted communications to be big focus in next couple of years »

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CLB

Core Laboratories

$72.91

-1.605 (-2.15%)

17:42
04/24/19
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17:42
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Earnings
Core Laboratories sees Q2 EPS 47c-50c, consensus 49c »

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CLB

Core Laboratories

$72.91

-1.605 (-2.15%)

17:41
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Earnings
Core Laboratories reports Q1 adjusted EPS 44c, consensus 43c »

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MSFT

Microsoft

$125.00

-0.5 (-0.40%)

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Microsoft CEO says LinkedIn saw 'record level of engagement' in Q3 »

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

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  • 24

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FB

Facebook

$182.64

-1.13 (-0.61%)

17:33
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PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:32
04/24/19
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17:32
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17:32
Earnings
Breaking Earnings news story on Packaging Corp. »

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PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:30
04/24/19
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17:30
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17:30
Hot Stocks
Breaking Hot Stocks news story on Packaging Corp. »

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:30
04/24/19
04/24
17:30
04/24/19
17:30
Earnings
Tesla expects to significantly reduce loss in Q2, return to profitability in Q3 »

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03/08/13
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  • 24

    Apr

FOLD

Amicus

$13.15

-0.12 (-0.90%)

17:30
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Syndicate
Breaking Syndicate news story on Amicus »

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FB

Facebook

$182.64

-1.13 (-0.61%)

17:29
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  • 24

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PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:29
04/24/19
04/24
17:29
04/24/19
17:29
Earnings
Packaging Corp. reports Q1 adjusted EPS $1.98, consensus $1.96 »

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:29
04/24/19
04/24
17:29
04/24/19
17:29
Earnings
Tesla sees 2019 capital expenditures of $2.0B-$2.5B »

Tesla CEO Elon Musk said,…

03/08/13
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  • 24

    Apr

MEOH

Methanex

$57.37

-1.63 (-2.76%)

17:28
04/24/19
04/24
17:28
04/24/19
17:28
Earnings
Methanex reports Q1 adjusted EPS 73c, consensus 88c »

Reports Q1 revenue $733M,…

03/08/13
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