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BX

Blackstone

$40.84

-0.86 (-2.06%)

, PLD

Prologis

$76.02

-0.55 (-0.72%)

14:27
05/23/19
05/23
14:27
05/23/19
14:27

Blackstone, Prologis separately bidding for U.S. unit of GLP, WSJ says

Blackstone (BX) and Prologis (PLD) are separately aiming to acquire the U.S. arm of Singapore's GLP in a transaction that could be worth over $20B and form an industrial warehouse giant, Liz Hoffman, Cara Lombardo, and Miriam Gottfried of the Wall Street Journal report, citing people familiar with the matter. GLP had been preparing to take its U.S. unit public later this year, but is now focused on selling the business outright and could strike an agreement with Blackstone, Prologis or another suitor as soon as next week, the authors say. Reference Link

BX

Blackstone

$40.84

-0.86 (-2.06%)

PLD

Prologis

$76.02

-0.55 (-0.72%)

  • 03

    Jun

  • 04

    Jun

  • 11

    Jun

BX Blackstone
$40.84

-0.86 (-2.06%)

04/23/19
SBSH
04/23/19
NO CHANGE
SBSH
Citi adds Blackstone to Focus List, removes Chubb and Pioneer Natural
Citi added Blackstone (BX) to its US Focus List on the belief that the shares have more room to run. Blackstone could have "materially more upside," especially considering its "best-in-class" business model and widespread investor appeal, the firm's North America Research team says in a note. It removed Chubb (CB) and Pioneer Natural Resources (PXD) from the US Focus List due to analyst departures.
04/22/19
MSCO
04/22/19
NO CHANGE
Target $45
MSCO
Overweight
Blackstone price target raised to $45 from $40 at Morgan Stanley
Morgan Stanley analyst Michael Cyprys raised his valuation multiple on "sticky" management fee earnings at Blackstone and increased his price target on the stock to $45 from $40 following the company's announcement of plans to convert to a C-Corporation, stating that he believes the change from a partnership should unlock value by expanding the investor base that can participate. He believes multiple expansion should more than offset the expected 2%-5% hit to EPS over the next few years and 12%-13% longer-term hit from shifting to a corporate tax rate, said Cyprys, who keeps an Overweight rating on Blackstone 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.
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.
PLD Prologis
$76.02

-0.55 (-0.72%)

05/20/19
EVER
05/20/19
UPGRADE
Target $100
EVER
In Line
Life Storage upgraded to In Line from Underperform at Evercore ISI
Evercore ISI analyst Steve Sakwa this morning upgraded Life Storage (LSI) to In Line from Underperform with an unchanged price target of $100. The stock year-to-date has underperformed peers even though the company, on an operational basis, performed relatively in line during Q1, Sakwa tells investors in a research note. The analyst, who believes it is too early to know how the peak leasing season will turn out, cites valuation for his upgrade of Life Storage to In Line. Sakwa this morning also downgraded Prologis (PLD) to In Line from Outperform.
05/20/19
05/20/19
DOWNGRADE
Target $78

In Line
Prologis downgraded to In Line on valuation at Evercore ISI
As previously reported, Evercore ISI analyst Steve Sakwa downgraded Prologis to In Line from Outperform given its sharp gains year to date and outperformance versus the REIT index. While the analyst is still positive on industrial fundamentals and believes the operational setup is strong over the next 12-24 months, he thinks much of this good news is priced into the stock and the risk/reward seems more balanced. Sakwa also raised his price target on the shares to $78 from $75.
05/20/19
EVER
05/20/19
DOWNGRADE
EVER
In Line
Prologis downgraded to In Line from Outperform at Evercore ISI
05/15/19
GSCO
05/15/19
INITIATION
Target $87
GSCO
Conviction Buy
Prologis initiated with a Conviction Buy at Goldman Sachs
Goldman Sachs analysts led by Caitlin Burrows initiated coverage of five Industrial REITs with a favorable outlook, citing the view that demand will be driven by secular growth in e-commerce and cyclical factors and will remain strong. Burrows and the team started Prologis with a Buy rating and placed the stock on the Americas Conviction List, citing the strong SS NOI growth that is being driven by its strategy of prioritizing rate growth. They set a price target of $87 on Prologis shares.

TODAY'S FREE FLY STORIES

JEC

Jacobs Engineering

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-0.14 (-0.18%)

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LTXB

LegacyTexas Financial

$38.91

0.69 (1.81%)

, PB

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-4.68 (-6.96%)

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$38.91

0.69 (1.81%)

PB

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$62.55

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Veritex

$26.00

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ERJ

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LegacyTexas Financial

$38.91

0.69 (1.81%)

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    Aug

TSLA

Tesla

$225.00

10.19 (4.74%)

, NIO

NIO Inc.

$2.47

0.05 (2.07%)

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$225.00

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NIO Inc.

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BLUE

Bluebird Bio

$122.74

5.17 (4.40%)

07:44
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07:44
Upgrade
Bluebird Bio rating change  »

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ON

ON Semiconductor

$18.80

-0.26 (-1.36%)

07:42
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Initiation
ON Semiconductor initiated  »

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  • 09

    Jul

BA

Boeing

$354.90

7.71 (2.22%)

07:41
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07:41
Recommendations
Boeing analyst commentary  »

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  • 09

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MPWR

Monolithic Power

$126.07

-0.22 (-0.17%)

07:39
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07:39
Initiation
Monolithic Power initiated  »

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ARRY

Array BioPharma

$46.42

16.83 (56.88%)

, PFE

Pfizer

$42.87

0.12 (0.28%)

07:37
06/18/19
06/18
07:37
06/18/19
07:37
Downgrade
Array BioPharma, Pfizer, Mirati Therapeutics, Agios Pharmaceuticals, Incyte, Exelixis rating change  »

Array BioPharma…

ARRY

Array BioPharma

$46.42

16.83 (56.88%)

PFE

Pfizer

$42.87

0.12 (0.28%)

MRTX

Mirati Therapeutics

$100.40

6.19 (6.57%)

AGIO

Agios Pharmaceuticals

$50.67

2.7 (5.63%)

INCY

Incyte

$81.84

4.085 (5.25%)

EXEL

Exelixis

$20.65

0.96 (4.88%)

03/08/13
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03/06/13
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  • 20

    Jun

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  • 16

    Sep

AOSL

Alpha & Omega

$8.48

-0.12 (-1.40%)

07:36
06/18/19
06/18
07:36
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07:36
Initiation
Alpha & Omega initiated  »

Alpha & Omega…

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ENLV

Enlivex Therapeutics

$17.50

1.61 (10.13%)

07:35
06/18/19
06/18
07:35
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07:35
Hot Stocks
Enlivex Therapeutics granted patent in Australia for ALLOCETRA treatment »

Enlivex Therapeutics…

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URBN

Urban Outfitters

$24.07

0.22 (0.92%)

, ALLY

Ally Financial

$29.38

0.16 (0.55%)

07:35
06/18/19
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07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

URBN

Urban Outfitters

$24.07

0.22 (0.92%)

ALLY

Ally Financial

$29.38

0.16 (0.55%)

CNQ

Canadian Natural

$26.92

0.4 (1.51%)

03/08/13
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General news
Treasury Market Outlook: bond yields are sharply lower and equities are firmer »

Treasury Market Outlook:…

DGLY

Digital Ally

$2.89

0.195 (7.25%)

, AAXN

Axon

$68.15

-2.54 (-3.59%)

07:33
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Hot Stocks
Digital Ally plans to appeal Court of Kansas ruling in litigation with Axon »

Digital Ally (DGLY)…

DGLY

Digital Ally

$2.89

0.195 (7.25%)

AAXN

Axon

$68.15

-2.54 (-3.59%)

03/08/13
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  • 20

    Jun

AAXN

Axon

$68.15

-2.54 (-3.59%)

07:32
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Court dismissed infringement case against Axon »

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  • 20

    Jun

ERJ

Embraer

$19.15

-0.06 (-0.31%)

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Embraer sees world demand for 10,550 new aircraft over next 20 years »

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FRPT

Freshpet

$48.30

0.65 (1.36%)

07:30
06/18/19
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07:30
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07:30
Downgrade
Freshpet rating change  »

Freshpet downgraded to…

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  • 18

    Jun

ATVI

Activision Blizzard

$45.06

-0.55 (-1.21%)

, CNX

CNX Resources

$7.26

0.15 (2.11%)

07:30
06/18/19
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07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

ATVI

Activision Blizzard

$45.06

-0.55 (-1.21%)

CNX

CNX Resources

$7.26

0.15 (2.11%)

STNG

Scorpio Tankers

$25.35

-0.075 (-0.30%)

ERF

Enerplus

$7.00

0.44 (6.71%)

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  • 19

    Jun

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TAST

Carrols Restaurant

$8.44

-0.07 (-0.82%)

07:28
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Conference/Events
Carrols Restaurant management to meet with Stephens »

Two Days of Meetings to…

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  • 19

    Jun

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    Nov

TBIO

Translate Bio

$10.08

0.06 (0.60%)

, SNY

Sanofi

$42.65

0.19 (0.45%)

07:28
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Initiation
Translate Bio, Sanofi initiated  »

Translate Bio initiated…

TBIO

Translate Bio

$10.08

0.06 (0.60%)

SNY

Sanofi

$42.65

0.19 (0.45%)

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  • 18

    Jun

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DCPH

Deciphera

$23.07

1.56 (7.25%)

07:25
06/18/19
06/18
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07:25
Conference/Events
Deciphera to host conference call »

Conference call to…

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  • 18

    Jun

VTR

Ventas

$68.61

1.83 (2.74%)

07:25
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07:25
Conference/Events
Ventas to host investor day »

Investor day to be held…

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  • 18

    Jun

MIXT

MiX Telematics

$15.56

0.11 (0.71%)

07:24
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07:24
Conference/Events
MiX Telematics management to meet with William Blair »

Group Luncheon Meeting…

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  • 19

    Jun

BA

Boeing

$354.90

7.71 (2.22%)

, AL

Air Lease

$38.66

-0.185 (-0.48%)

07:23
06/18/19
06/18
07:23
06/18/19
07:23
Hot Stocks
Boeing, Air Lease announce commitment for five 787-9 Dreamliners »

Boeing (BA) and Air Lease…

BA

Boeing

$354.90

7.71 (2.22%)

AL

Air Lease

$38.66

-0.185 (-0.48%)

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  • 09

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