Breaking News Instant updates and real-time market news.

EFII

Electronics for Imaging

$37.61

-0.4 (-1.05%)

, HPQ

HP Inc.

$20.50

0.3 (1.49%)

08:00
04/17/19
04/17
08:00
04/17/19
08:00

Xerox could be strategic acquisition target after EFI deal, says Citi

Citi analyst Jim Suva points out that the buyout of Electronics for Imaging (EFII) by private equity contains a 45 day "go-shop" period. With the print industry maturing, the analyst believes both HP Inc. (HPQ) and XRX (XRX) will now "more aggressively look" at Electronics for Imaging as a strategic asset in terms of revenue growth, earnings accretion, and cash flow. Further, Xerox could be a strategic acquisition for private equity or HP given its annual cash flow of $1B-plus and cost structure that could be significantly reduced, Suva tells investors in a research note. The analyst keeps a Buy rating on Electronics for Imaging and boosted his price target for the shares to $44.

EFII

Electronics for Imaging

$37.61

-0.4 (-1.05%)

HPQ

HP Inc.

$20.50

0.3 (1.49%)

XRX

Xerox

$34.99

0.46 (1.33%)

  • 23

    Apr

  • 29

    May

EFII Electronics for Imaging
$37.61

-0.4 (-1.05%)

01/16/19
LOOP
01/16/19
NO CHANGE
Target $35
LOOP
Buy
Electronics for Imaging price target lowered to $35 from $50 at Loop Capital
Loop Capital analyst Ananda Baruah lowered his price target on Electronics for Imaging to $35 after the company said it would miss its revenue and earnings forecasts in Q4. The analyst states that some of the recent damage was caused by the "Americas industrial capex pause the last two weeks of December", which was also "amplified by supply constraints in new hybrid inkjet presses". While he sees few catalysts ahead of the company's earnings call at the end of the month, Baruah keeps his Buy rating on Electronics for Imaging, stating that demand was still strong until mid-December and that the company is also "being told from customers that paused deals have not been lost".
04/15/19
NEED
04/15/19
DOWNGRADE
NEED
Hold
Electronics for Imaging downgraded to Hold from Buy at Needham
Needham analyst James Ricchiuti downgraded Electronics for Imaging to Hold after the company agreed to be acquired by an affiliate of Siris Capital in an all-cash transaction valued at approximately $1.7B.
04/16/19
LOOP
04/16/19
DOWNGRADE
Target $37
LOOP
Hold
Electronics for Imaging downgraded to Hold from Buy at Loop Capital
Loop Capital analyst Ananda Baruah downgraded Electronics for Imaging to Hold from Buy while raising his price target for the shares to $37 from $35.
04/16/19
04/16/19
DOWNGRADE
Target $37

Hold
Electronics for Imaging cut to Hold at Loop Capital on Siris Capital deal
As previously reported, Loop Capital analyst Ananda Baruah downgraded Electronics for Imaging to Hold with a price target of $37 after the company agreed to be acquired at that price by Siris Capital. The analyst notes that a "go-shop" period allows for a 45 calendar day window during which Electronics for Imaging may solicit alternative acquisition proposals from third parties, adding that if other bidders got involved, it would "shine a brighter light on the time-value risk-reward potential."
HPQ HP Inc.
$20.50

0.3 (1.49%)

02/28/19
BOFA
02/28/19
DOWNGRADE
Target $19
BOFA
Underperform
BofA double downgrades HP Inc. to Underperform after earnings
As previously reported, BofA analyst Wamsi Mohan downgraded HP Inc. two notches, to Underperform from Buy, following the company's Q1 report last night. His prior thesis was built on expectations for stability in high margin print supplies, which he now has lower confidence in, he tells investors. Mohan sees volatility in supplies growth leading to lower confidence in predictability and he thinks the company's unchanged guidance looks high given the shortfall in supplies. He also worries about cash flow headwinds from higher restructuring costs and investments while calling out the risk of an incremental PC slowdown. Mohan cut his price target on HP Inc. shares to $19 from $30.
02/28/19
02/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Booking Holdings (BKNG) downgraded to Neutral from Overweight at Atlantic Equities and Piper Jaffray, as well as to Perform from Outperform at Oppenheimer. 2. Box (BOX) downgraded to Sector Weight from Overweight at KeyBanc and to Neutral from Buy at Rosenblatt. 3. HP Inc. (HPQ) double downgraded to Underperform from Buy at BofA/Merrill with analyst Wamsi Mohan citing the company's Q1 report last night. 4. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank. 5. Dollar General (DG) and Big Lots (BIG) were downgraded to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/19
FBCO
04/11/19
INITIATION
Target $21
FBCO
Neutral
HP Inc. initiated with a Neutral at Credit Suisse
Credit Suisse analyst Matt Cabral started coverage of HP Inc. with a Neutral rating and a $21 price target. The analyst sees supplies as a "key concern" following the disappointing inventory reset, despite "steady" gains on PC share and free cash flow.
04/11/19
04/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with a Hold at HSBC. 2. Apple (AAPL), Dell Technologies (DELL), and HP Inc. (HPQ) initiated with a Neutral at Credit Suisse. 3. Yeti (YETI) initiated with an Outperform at Cowen. 4. CVS Health (CVS) initiated with a Market Perform at BMO Capital. 5. Canadian Solar (CSIQ) assumed with a Neutral 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.
XRX Xerox
$34.99

0.46 (1.33%)

07/20/18
SBSH
07/20/18
INITIATION
Target $39
SBSH
Buy
Xerox resumed with a Buy at Citi
Citi analyst Jim Suva resumed coverage of Xerox with a Buy rating and $39 price target.
04/11/19
FBCO
04/11/19
INITIATION
Target $42
FBCO
Outperform
Xerox initiated with an Outperform at Credit Suisse
Credit Suisse analyst Matt Cabral initiated Xerox (XRX) with an Outperform rating and a price target of $42. The analyst believes that the company's "significant margin potential" is not being captured in the Street consensus, modeling about 5pts of "cost opportunity" over the long term. Cabral also believes that Xerox is on a "long path to revenue growth" amid secular challenges but sees its investments in A4 printers and other capabilities for small-medium size businesses as "key near term investments".
02/06/19
LOOP
02/06/19
NO CHANGE
Target $37
LOOP
Buy
Xerox analyst day presentation 'very encouraging', says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $37 price target on Xerox after its analyst day presentation yesterday, saying its 3-year earnings growth rate outlook of at least 7% resonated with investors, while its FY19 EPS view of $3.70-$3.80 with no revenue growth is also "very encouraging". The analyst adds that the 3-year view is meant to be conservative since its model assumes "very little revenue contribution from new technology market opportunities", while its new growth areas look "admittedly intriguing".
01/30/19
SBSH
01/30/19
NO CHANGE
Target $34
SBSH
Buy
Xerox could be acquired as turnaround shows progress, says Citi
Xerox's results yesterday morning "show real steps of the company turning around its cost and cash flow structuring," Citi analyst Jim Suva tells investors in a research note. The analyst continues to view Xerox as his "top deep value and restructuring stock" and he believes the company could be acquired by private equity or potentially resume its discussions to be acquired by Fuji or even HP (HPQ). He maintains a Buy rating on the shares with a $34 price target.

TODAY'S FREE FLY STORIES

IMMR

Immersion

$9.27

0.03 (0.32%)

11:45
04/25/19
04/25
11:45
04/25/19
11:45
Options
Immersion call volume above normal and directionally bullish »

Bullish option flow…

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

See Street Research during your Free Trial

11:45
04/25/19
04/25
11:45
04/25/19
11:45
General news
Treasury's $85 B 4- and 8-week bill auctions were mixed »

Treasury's $85 B 4-…

11:43
04/25/19
04/25
11:43
04/25/19
11:43
General news
8-Week Bill Auction Total Amount data reported »

8-Week Bill Auction Total…

11:43
04/25/19
04/25
11:43
04/25/19
11:43
General news
4-Week Bill Auction Total Amount data reported »

4-Week Bill Auction Total…

FB

Facebook

$193.51

10.87 (5.95%)

, TSLA

Tesla

$251.50

-7.2 (-2.78%)

11:38
04/25/19
04/25
11:38
04/25/19
11:38
On The Fly
Facebook upgrade, Tesla downgrade among today's top calls »

Check out today's top…

FB

Facebook

$193.51

10.87 (5.95%)

TSLA

Tesla

$251.50

-7.2 (-2.78%)

PTC

PTC

$90.78

-11.16 (-10.95%)

XLNX

Xilinx

$116.64

-23.15 (-16.56%)

GD

General Dynamics

$178.46

-2.21 (-1.22%)

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

See Street Research during your Free Trial

  • 28

    Apr

  • 01

    May

  • 14

    May

  • 29

    May

  • 30

    May

  • 03

    Jun

PAGS

PagSeguro Digital

$26.34

-0.14 (-0.53%)

11:35
04/25/19
04/25
11:35
04/25/19
11:35
Options
PagSeguro Digital put volume heavy and directionally bearish »

Bearish flow noted in…

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

See Street Research during your Free Trial

  • 14

    May

ZAYO

Zayo Group

$30.67

-1.075 (-3.39%)

11:31
04/25/19
04/25
11:31
04/25/19
11:31
Recommendations
Zayo Group analyst commentary at Wells Fargo »

Zayo weakness due to…

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

See Street Research during your Free Trial

  • 09

    May

CGI

Symbol changed to CGIP

$0.00

(0.00%)

, CGIP

Celadon Group

$0.00

(0.00%)

11:26
04/25/19
04/25
11:26
04/25/19
11:26
Hot Stocks
Celadon Group announces resolutions of DOJ, SEC investigations »

Celadon Group announced…

CGI

Symbol changed to CGIP

$0.00

(0.00%)

CGIP

Celadon Group

$0.00

(0.00%)

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

See Street Research during your Free Trial

LBTYK

Liberty Global

$26.04

-0.35 (-1.33%)

11:25
04/25/19
04/25
11:25
04/25/19
11:25
Options
Liberty Global call volume above normal and directionally bullish »

Bullish option flow…

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

See Street Research during your Free Trial

  • 07

    May

WABC

Westamerica

$62.57

-0.87 (-1.37%)

11:21
04/25/19
04/25
11:21
04/25/19
11:21
Hot Stocks
Westamerica increases quarterly cash dividend to 41c from 40c per share »

The board of directors of…

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

See Street Research during your Free Trial

  • 25

    Apr

11:20
04/25/19
04/25
11:20
04/25/19
11:20
General news
Energy Action: RBOB gasoline futures »

Energy Action: RBOB…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
04/25/19
04/25
11:17
04/25/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
04/25/19
04/25
11:16
04/25/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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

See Street Research during your Free Trial

11:15
04/25/19
04/25
11:15
04/25/19
11:15
General news
Treasury announced $75 B in 3- and 6-month bill auctions for Monday »

Treasury announced $75 B…

11:15
04/25/19
04/25
11:15
04/25/19
11:15
General news
Breaking General news story  »

8-Week Bill Auction to be…

11:15
04/25/19
04/25
11:15
04/25/19
11:15
General news
Breaking General news story  »

4-Week Bill Auction to be…

APC

Anadarko

$71.51

0.1 (0.14%)

11:10
04/25/19
04/25
11:10
04/25/19
11:10
Options
Bullish three-way spread in Anadarko targets an 8% move »

Bullish three-way spread…

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

See Street Research during your Free Trial

  • 14

    May

  • 22

    May

11:09
04/25/19
04/25
11:09
04/25/19
11:09
General news
6-Month Bill Announcement Offering Amount data reported »

6-Month Bill Announcement…

11:09
04/25/19
04/25
11:09
04/25/19
11:09
General news
3-Month Bill Announcement Offering Amount data reported »

3-Month Bill Announcement…

CGI

Celadon Group

$0.00

(0.00%)

11:06
04/25/19
04/25
11:06
04/25/19
11:06
Hot Stocks
SEC charges Celadon Group with accounting fraud »

The Securities and…

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

See Street Research during your Free Trial

T

AT&T

$30.27

-0.51 (-1.66%)

, DIS

Disney

$135.26

0.16 (0.12%)

11:04
04/25/19
04/25
11:04
04/25/19
11:04
Periodicals
Disney in talks to buy Comcast's 30% stake in Hulu, CNBC reports »

Disney (DIS) is in talks…

T

AT&T

$30.27

-0.51 (-1.66%)

DIS

Disney

$135.26

0.16 (0.12%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$43.75

1.88 (4.49%)

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

See Street Research during your Free Trial

  • 25

    Apr

  • 26

    Apr

  • 28

    Apr

  • 06

    May

  • 07

    May

  • 08

    May

  • 18

    May

  • 20

    May

  • 24

    Jul

11:03
04/25/19
04/25
11:03
04/25/19
11:03
General news
Kansas City Fed Manufacturing Index Level data reported »

April Kansas City Fed…

SYK

Stryker

$186.64

1.72 (0.93%)

11:02
04/25/19
04/25
11:02
04/25/19
11:02
Hot Stocks
FDA sends safety communication on use of Stryker Wingspan outside indications »

The FDA issued a safety…

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

See Street Research during your Free Trial

  • 01

    May

  • 08

    May

  • 29

    May

CARA

Cara Therapeutics

$19.04

-0.015 (-0.08%)

11:00
04/25/19
04/25
11:00
04/25/19
11:00
Options
Call spread in Cara Therapeutics expresses a bullish view »

Call spread in Cara…

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

See Street Research during your Free Trial

TSLA

Tesla

$252.71

-5.99 (-2.32%)

10:59
04/25/19
04/25
10:59
04/25/19
10:59
On The Fly
Long-term bull cuts Tesla rating as profitability will not 'magically return' »

Shares of Tesla (TSLA)…

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

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.