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EE

El Paso Electric

$58.21

0.885 (1.54%)

, JPM

JPMorgan

$105.97

-1.125 (-1.05%)

07:37
06/03/19
06/03
07:37
06/03/19
07:37

EPE to be acquired by Infrastructure Investments Fund for $68.25/share

El Paso Electric, or EPE, (EE) and the Infrastructure Investments Fund, an investment vehicle advised by J.P. Morgan Investment Management, or IIF, (JPM) announced that they have entered into a definitive agreement under which IIF will purchase EPE for $68.25 in cash per share representing an enterprise value of approximately $4.3B. IIF will purchase EPE for $68.25 per share in cash representing an enterprise value of approximately $4.3 billion, including EPE's net debt. The per share purchase price represents a 17% premium to EPE's closing price on May 31, 2019, the last trading day prior to the announcement of the agreement. The agreement has been unanimously approved by EPE's Board of Directors and is expected to close in the first half of 2020, subject to the approval of EPE's shareholders, the receipt of regulatory approvals and other customary closing conditions. Dividends payable to EPE shareholders will continue in the ordinary course through the closing.

EE

El Paso Electric

$58.21

0.885 (1.54%)

JPM

JPMorgan

$105.97

-1.125 (-1.05%)

  • 03

    Jun

  • 16

    Jul

EE El Paso Electric
$58.21

0.885 (1.54%)

06/11/18
WILL
06/11/18
DOWNGRADE
WILL
Sell
El Paso Electric downgraded to Sell from Hold at Williams Capital
07/20/18
MZHO
07/20/18
NO CHANGE
Target $58
MZHO
Neutral
El Paso Electric an attractive takeout candidate, says Mizuho
Mizuho analyst Paul Fremont views El Paso Electric as an attractive takeout candidate given the lack of a holding company, above average utility load growth in the company's largest service territory and need for equity issuance in the 2019/2020 time period. In a research note titled "What's Next for EE?," Fremont keeps a Neutral rating on the shares with a $58 price target.
03/04/19
WILL
03/04/19
UPGRADE
WILL
Hold
El Paso Electric upgraded to Hold from Sell at Williams Capital
JPM JPMorgan
$105.97

-1.125 (-1.05%)

02/28/19
BMOC
02/28/19
NO CHANGE
Target $116
BMOC
Market Perform
JPMorgan price target lowered to $116 from $123 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on JPMorgan to $116 and kept his Market Perform rating, citing the company's Investor Day presentation that lowered expectations for net interest income as well as performance of its corporate & investment bank and wealth management segments. The analyst believes that other large-cap banks, fin-tech companies, and specialty lenders offer greater opportunity, even though his price target still implies a 13% return for JPMorgan stock.
03/06/19
03/06/19
NO CHANGE

JPMorgan files $130.14M mixed securities shelf
03/19/19
KEYB
03/19/19
DOWNGRADE
KEYB
Sector Weight
Worldpay downgraded to Sector Weight after Fiserv deal at KeyBanc
As previously reported, KeyBanc analyst Josh Beck downgraded Worldpay (WP) to Sector Weight from Overweight after the company and FIS (FIS) announced a deal, quickly adding another mega-deal in the wake of Fiserv (FISV)-First Data (FDC) and Global Payments (GPN)-Heartland Payment Systems. The analyst thinks this transaction is likely to expand the M&A discussion around Global Payments, TSYS (TSS), EVO Payments (EVOP), and i3 Verticals (IIIV) and sees paths to accretion should management teams further endorse a scale strategy. Future processing competition could increase among Global Payments, TSYS, First Data, and JPMorgan (JPM), but it remains too early to gauge, he contends.
03/25/19
JEFF
03/25/19
NO CHANGE
JEFF
Jefferies downgrades Financials to Underweight on 'shocking' Fed meeting
Jefferies analyst Steven DeSanctis is "very surprised" by last week's Federal Reserve's decision taking rate hikes completely off table in 2019. The "shocking" Fed meeting means lower rates for longer, which is not good for Financials, DeSanctis tells investors in a research note. A "lack of catalysts and weaker earnings growth" going forward for the entire sector, not just banks, means an Underweight rating on the space makes sense, says the analyst. As such, he downgraded his rating on the Financial sector to Underweight from Market Weight. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).

TODAY'S FREE FLY STORIES

14:40
10/16/19
10/16
14:40
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14:40
General news
Treasury Action: Treasury rates remain modestly lower on the day »

Treasury Action: Treasury…

TMUS

T-Mobile

$79.84

0.09 (0.11%)

, S

Sprint

$6.46

-0.025 (-0.39%)

14:32
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Periodicals
T-Mobile, Sprint deal 'appears to have cleared' FCC vote, Bloomberg says »

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T-Mobile

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0.09 (0.11%)

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Sprint

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PZZA

Papa John's

$54.85

1.73 (3.26%)

14:25
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Options
Papa John's call volume above normal and directionally bullish »

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PINC

Premier

$31.89

0.47 (1.50%)

, GE

General Electric

$8.90

0.015 (0.17%)

14:23
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Premier, GE collaborating on U.S. model for same-day breast cancer diagnosis »

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PINC

Premier

$31.89

0.47 (1.50%)

GE

General Electric

$8.90

0.015 (0.17%)

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PLCE

Children's Place

$76.39

0.36 (0.47%)

, SCVL

Shoe Carnival

$33.81

0.52 (1.56%)

14:21
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10/16
14:21
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Periodicals
Mox sees potential 40%-60% upside in Children's Place, Shoe Carnival »

Mox Reports said in a new…

PLCE

Children's Place

$76.39

0.36 (0.47%)

SCVL

Shoe Carnival

$33.81

0.52 (1.56%)

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14:20
10/16/19
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14:20
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14:20
General news
Fed's Beige Book reported the expansion was at a "slight to modest pace," »

Fed's Beige Book…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
10/16/19
10/16
14:17
10/16/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
10/16/19
10/16
14:16
10/16/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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SNY

Sanofi

$45.72

0.17 (0.37%)

, BAX

Baxter

$87.08

-0.68 (-0.77%)

14:16
10/16/19
10/16
14:16
10/16/19
14:16
Periodicals
Sanofi in advanced talks to sell Seprafilm to Baxter, Bloomberg reports »

Sanofi (SNY) is in…

SNY

Sanofi

$45.72

0.17 (0.37%)

BAX

Baxter

$87.08

-0.68 (-0.77%)

03/08/13
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  • 24

    Oct

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  • 06

    Nov

ATVI

Activision Blizzard

$55.61

0.04 (0.07%)

14:08
10/16/19
10/16
14:08
10/16/19
14:08
Periodicals
Blizzard bans 'Hearthstone' team for 6 months after Hong Kong sign, Kotaku says »

"Hearthstone"…

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  • 18

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CLDR

Cloudera

$8.91

0.105 (1.19%)

14:05
10/16/19
10/16
14:05
10/16/19
14:05
Options
Cloudera call volume above normal and directionally bullish »

Bullish option flow…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.25

-0.65 (-0.22%)

14:03
10/16/19
10/16
14:03
10/16/19
14:03
General news
Most Fed districts reported 'modest' pace of price increases »

The Federal…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.25

-0.65 (-0.22%)

03/08/13
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.22

-0.68 (-0.23%)

14:02
10/16/19
10/16
14:02
10/16/19
14:02
General news
Employment rose slightly 'on balance,' Fed says in Beige Book »

The Federal…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.22

-0.68 (-0.23%)

03/08/13
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.18

-0.72 (-0.24%)

14:01
10/16/19
10/16
14:01
10/16/19
14:01
General news
U.S. economy expanded at 'slight to modest pace,' Fed says in Beige Book »

The Federal…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.18

-0.72 (-0.24%)

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13:55
10/16/19
10/16
13:55
10/16/19
13:55
Conference/Events
Joint Economic Committee to hold a hearing »

The Committee holds a…

TMUS

T-Mobile

$79.88

0.125 (0.16%)

, S

Sprint

$6.45

-0.03 (-0.46%)

13:52
10/16/19
10/16
13:52
10/16/19
13:52
Periodicals
T-Mobile, Sprint deal 'appears to have cleared' FCC vote, Bloomberg says »

Bloomberg headlines…

TMUS

T-Mobile

$79.88

0.125 (0.16%)

S

Sprint

$6.45

-0.03 (-0.46%)

03/08/13
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  • 22

    Oct

13:45
10/16/19
10/16
13:45
10/16/19
13:45
General news
Breaking General news story  »

Beige Book to be released…

13:45
10/16/19
10/16
13:45
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General news
Breaking General news story  »

October Beige Book to be…

PNC

PNC Financial

$140.90

1.34 (0.96%)

13:45
10/16/19
10/16
13:45
10/16/19
13:45
Conference/Events
The Brookings Institution to hold a discussion on recession preparation »

Brookings hosts a…

03/08/13
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  • 16

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    Oct

IBM

IBM

$141.89

-1.09 (-0.76%)

, FB

Facebook

$188.69

-0.12 (-0.06%)

13:43
10/16/19
10/16
13:43
10/16/19
13:43
Earnings
Fly Intel: What to watch in IBM's earnings report »

IBM (IBM) is scheduled to…

IBM

IBM

$141.89

-1.09 (-0.76%)

FB

Facebook

$188.69

-0.12 (-0.06%)

V

Visa

$177.59

-1.21 (-0.68%)

PYPL

PayPal

$102.54

-1 (-0.97%)

EBAY

eBay

$38.92

0.04 (0.10%)

MA

MasterCard

$277.70

-0.94 (-0.34%)

BKNG

Booking Holdings

$2,025.61

7.98 (0.40%)

MSFT

Microsoft

$139.94

-1.62 (-1.14%)

GOOG

Alphabet

$1,243.61

0.08 (0.01%)

GOOGL

Alphabet Class A

$1,243.00

0.49 (0.04%)

INTC

Intel

$52.14

-0.505 (-0.96%)

BABA

Alibaba

$176.05

0.74 (0.42%)

SFTBF

SoftBank

$0.00

(0.00%)

BIDU

Baidu

$108.33

1.115 (1.04%)

SCMWY

Swisscom

$0.00

(0.00%)

TCEHY

Tencent

$0.00

(0.00%)

03/08/13
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  • 16

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    Nov

M

Macy's

$15.77

0.07 (0.45%)

13:35
10/16/19
10/16
13:35
10/16/19
13:35
Options
Macy's put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 21

    Nov

FB

Facebook

$188.59

-0.22 (-0.12%)

13:32
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10/16
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Hot Stocks
Facebook unveils ReAgent to help build models that make and rely on decisions »

Jason Gauci, Honglei Liu,…

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  • 23

    Oct

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PINS

Pinterest

$25.70

0.1 (0.39%)

13:27
10/16/19
10/16
13:27
10/16/19
13:27
Upgrade
Pivotal upgrades Pinterest to Buy after 30% pullback from highs »

Pivotal Research analyst…

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  • 16

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ALGN

Align Technology

$211.62

2.32 (1.11%)

13:25
10/16/19
10/16
13:25
10/16/19
13:25
Options
Align Technology call volume above normal and directionally bullish »

Bullish option flow…

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  • 23

    Oct

13:25
10/16/19
10/16
13:25
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13:25
Conference/Events
Stephens food/agribusiness analyst to hold analyst/industry conference call »

Analysts, along with…

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