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HI

Hillenbrand

$38.83

-0.46 (-1.17%)

, MCRN

Milacron

$13.54

-0.395 (-2.84%)

08:24
07/12/19
07/12
08:24
07/12/19
08:24

Hillenbrand, Milacron see double-digit earnings accretion in first full year

Hillenbrand (HI) and Milacron (MCRN) said the combined company is expected to generate annual revenues of approximately $3B and free cash flow of greater than $325M by 2021. The companies expect annualized cost synergies of approximately $50M within 3 years following the close.

HI

Hillenbrand

$38.83

-0.46 (-1.17%)

MCRN

Milacron

$13.54

-0.395 (-2.84%)

  • 12

    Jul

  • 12

    Jul

HI Hillenbrand
$38.83

-0.46 (-1.17%)

05/16/19
05/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Jefferies starts 'underappreciated' Par Technology (PAR) with Buy rating. 2. Ichor Holdings (ICHR) initiated with a Buy at B. Riley FBR. 3. T2 Biosystems (TTOO) initiated with a Buy at Alliance Global Partners. 4. CV Sciences (CVSI) initiated with a Buy at Roth Capital. 5. Hillenbrand (HI) initiated with a Buy at Buckingham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/20/19
DADA
05/20/19
INITIATION
Target $43
DADA
Neutral
Hillenbrand initiated with a Neutral at DA Davidson
DA Davidson initiated Hillenbrand with a Neutral and $43 price target.
05/21/19
05/21/19
INITIATION
Target $43

Neutral
Hillenbrand initiated with a Neutral at DA Davidson
As previously reported, DA Davidson analyst Matt Summerville initiated Hillenbrand with a Neutral rating and a price target of $43. The analyst notes that the all-time record backlog in the company's Process Equipment Group segment supports its mid-single-digit organic growth, with "large plastics projects" as well as high win rates and share gains, but sees its Batesville segment facing "long-term secular challenges" with volume erosion driven margin pressure. While Summerville remains positive on Hillenbrand's "healthy" balance sheet and M&A appetite, he warns that the company's Batesville segment may see low-single-digit organic sales decline in each year of his outlook.
05/21/19
05/21/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Uber (UBER) initiated with an Equal Weight at Consumer Edge and a Neutral at Susquehanna. 2. Incyte (INCY) initiated with a Neutral at Credit Suisse. 3. Hillenbrand (HI) initiated with a Neutral at DA Davidson. 4. Target Hospitality (TH) initiated with a Buy at Deutsche Bank. 5. Jack in the Box (JACK) reinstated with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
MCRN Milacron
$13.54

-0.395 (-2.84%)

04/02/19
BARD
04/02/19
NO CHANGE
Target $21
BARD
Outperform
China data, plastics trends positive indicators for Milacron, says Baird
Baird analyst Michael Halloran noted that China's core PMI improved sequentially for the second consecutive month in March and that February's Plastics Processors Index remained in expansionary territory. Taking both data points together gives him incremental confidence that Milacron's underlying estimates are achievable in 2019, Halloran tells investors. The analyst, who thinks Milacron's core franchise value is underappreciated, keeps an Outperform rating and $21 price target on the shares.
04/17/19
KEYB
04/17/19
NO CHANGE
KEYB
Ametek, ITT among top potential acquirers in industrial space, says KeyBanc
KeyBanc analysts Jeff Hammond and Steve Barger think moderating organic growth expectations in 2019 due to tough year over year comps may drive industrials to increasingly look toward inorganic avenues for market outgrowth, or to potentially divest businesses to right-size portfolios. The analysts view Ametek (AME), ITT (ITT), Graco (GGG), and Timken (TKR) as the top potential acquirers, and think Actuant (ATU), Colfax (CFX), Eaton (ETN), Kaman (KAMN), NN, Inc. (NNBR), and Milacron (MCRN) could benefit most from a strategic divestiture.

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GOOG

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ADBE

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GOOGL

Alphabet Class A

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2.58 (0.22%)

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OMP

Oasis Midstream Partners

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TGE

Tallgrass Energy

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NGL

NGL Energy Partners

$15.30

0.11 (0.72%)

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NBLX

Noble Midstream

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IMRN

Immuron

$4.27

1.43 (50.35%)

06:11
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Syndicate
Immuron 339.1K share Spot Secondary priced at $4.00 »

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PAA

Plains All American

$24.57

-0.04 (-0.16%)

06:10
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ET

Energy Transfer LP

$14.94

0.03 (0.20%)

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DIS

Disney

$144.33

-0.72 (-0.50%)

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  • 06

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EPD

Enterprise Products

$30.32

0.005 (0.02%)

06:08
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CSX

CSX

$79.57

1.05 (1.34%)

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MTSI

Macom

$15.55

0.01 (0.06%)

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FB

Facebook

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ONDK

On Deck Capital

$3.99

0.06 (1.53%)

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SCS

Steelcase

$17.43

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06:03
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AMZN

Amazon.com

$2,010.00

-11 (-0.54%)

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Hot Stocks
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PSO

Pearson

$11.01

0.24 (2.23%)

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TSLA

Tesla

$252.38

-1.03 (-0.41%)

05:53
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SC

Santander Consumer

$25.55

-0.05 (-0.20%)

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MNK

Mallinckrodt

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  • 06

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INTC

Intel

$49.17

-0.96 (-1.92%)

05:38
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  • 25

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DPZ

Domino's Pizza

$246.55

-23.42 (-8.68%)

05:35
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