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PEGI

Pattern Energy

$25.83

0.23 (0.90%)

, BAM

Brookfield

$51.95

0.445 (0.86%)

09:23
08/22/19
08/22
09:23
08/22/19
09:23

Pattern Energy price target raised to $28 from $24 at RBC Capital

RBC Capital analyst Shelby Tucker raised his price target on Pattern Energy (PEGI) to $28 and kept his Outperform rating after the company has recently confirmed press speculation that it is working with a financial adviser to respond to acquisition interest from third parties that include Brookfield Asset Management (BAM). The analyst contends that a buyer could "uncover hidden value" in the company's Pattern Development pipeline investment, though he notes that the limited public disclosure makes it hard to value. Tucker still believes that a take-out price on Patter Energy at $28-$30 per share is "achievable".

PEGI

Pattern Energy

$25.83

0.23 (0.90%)

BAM

Brookfield

$51.95

0.445 (0.86%)

  • 14

    Nov

PEGI Pattern Energy
$25.83

0.23 (0.90%)

02/04/19
MACQ
02/04/19
DOWNGRADE
MACQ
Underperform
Pattern Energy downgraded to Underperform from Neutral at Macquarie
04/30/19
MSCO
04/30/19
NO CHANGE
MSCO
Clearway, Pattern Energy could see boost on Atlantica news, says Morgan Stanley
Morgan Stanley analyst Stephen Byrd noted that Atlantica Yield (AY) has announced plans to explore strategic options and while he has no knowledge of any talks involving any of the companies he covers in the space he believes that the market could begin to price in potential strategic optionality at other YieldCos. If so, he sees the potential for modest upside for Clearway Energy (CWEN) and Pattern Energy (PEGI), depending on a what assumptions the market makes, Byrd tells investors. He also points to NextEra Energy Partners (NEP) as a "special case" among YieldCos, stating that its dividend yield is much lower, but its growth prospects are significantly better. In the case of NextEra, though, Byrd said he sees potential downside given the relatively high amount of non-amortizing leverage at parent NextEra Energy (NEE).
08/14/19
WELS
08/14/19
DOWNGRADE
Target $26
WELS
Market Perform
Pattern Energy downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Neil Kalton downgraded Pattern Energy to Market Perform from Outperform while raising his price target for the shares to $26 from $24. After the company confirmed it has drawn interest from third parties, the analyst believes Pattern's current valuation reflects some amount of a takeout premium.
08/14/19
08/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Avedro (AVDR) downgraded to Neutral from Overweight at JPMorgan with analyst Robbie Marcus saying another suitor emerging to compete with Glaukos's (GKOS) buyout offer is unlikely. 2. Myriad Genetics (MYGN) downgraded to Neutral from Overweight at Piper Jaffray with analyst William Quirk saying the company reported "disappointing" fiscal Q4 results with revenue, adjusted earnings and FY20 guidance well below consensus. 3. Pattern Energy (PEGI) downgraded to Market Perform from Outperform at Wells Fargo with analyst Neil Kalton saying after the company confirmed it has drawn interest from third parties, the analyst believes Pattern's current valuation reflects some amount of a takeout premium. 4. Advance Auto Parts (AAP) downgraded to Neutral from Buy at Guggenheim with analyst Ali Faghri citing the company's weaker than expected Q2 results and sees risk to its fiscal 2019 guidance. 5. Equity Commonwealth (EQC) downgraded to Market Perform at JMP Securities with analyst Mitch Germain citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BAM Brookfield
$51.95

0.445 (0.86%)

03/14/19
WELS
03/14/19
NO CHANGE
Target $49
WELS
Market Perform
Oaktree Capital price target raised to $49 from $44 at Wells Fargo
Wells Fargo analyst Christopher Harris raised his price target for Oaktree Capital (OAK) to $49 form $44 after the company and Brookfield Asset Management (BAM) announced an agreement for Brookfield to acquire 62% of the Oaktree business. Upon completion of the $4.7B transaction, which is expected to close in Q3, Oaktree Capital would no longer be publicly traded. Harris reiterates a Market Perform rating on Oaktree Capital's shares.
03/18/19
BMOC
03/18/19
NO CHANGE
Target $13
BMOC
Market Perform
TerraForm Power price target raised to $13 on higher dividend at BMO Capital
BMO Capital analyst Ben Pham nudged his price target on TerraForm Power (TERP) to $13 from $12 in spite of its below-consensus Q4 adjusted EBITDA, saying the company's 6% dividend increase reflects the management's expectations for improved production and "better than expected" cost reductions in 2019. The analyst is keeping his Market Perform rating on the stock given its risk-adjusted relative return, but sees the company's cash flow generating business as stable and its sponsorship by Brookfield (BAM) as promising of new growth opportunities.
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.
04/25/19
FBCO
04/25/19
DOWNGRADE
Target $46
FBCO
Neutral
Brookfield Infrastructure downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Andrew Kuske downgraded Brookfield Infrastructure to Neutral from Outperform, with a $46 price target, given the more limited return to target and the balancing of funding needs. The analyst notes that the most interesting near-term issue facing Brookfield Infrastructure Partners is pending close for Brookfield's (BAM) Infrastructure Fund IV likely landing around $20B.

TODAY'S FREE FLY STORIES

DISH

Dish

$35.85

0.6 (1.70%)

10:45
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Options
Dish call volume above normal and directionally bullish »

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  • 23

    Sep

WLL

Whiting Petroleum

$10.91

3.38 (44.89%)

, SM

SM Energy

$11.48

1.84 (19.09%)

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On The Fly
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WLL

Whiting Petroleum

$10.91

3.38 (44.89%)

SM

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$11.48

1.84 (19.09%)

JAG

Jagged Peak Energy

$8.54

1.07 (14.32%)

CDEV

Centennial Resource Development

$5.78

1.37 (31.07%)

PE

Parsley Energy

$20.26

1.78 (9.63%)

SVRGF

Seven Generations Energy

$0.00

(0.00%)

CPG

Crescent Point Energy

$4.59

0.295 (6.87%)

NBR

Nabors Industries

$2.61

0.31 (13.51%)

SLB

Schlumberger

$39.51

2.19 (5.87%)

HAL

Halliburton

$21.73

1.47 (7.26%)

VAL

Valaris

$7.92

1.58 (24.92%)

XOM

Exxon Mobil

$73.69

1.06 (1.46%)

CVX

Chevron

$123.34

1.88 (1.55%)

03/08/13
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  • 16

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    Nov

AMC

AMC Entertainment

$11.97

(0.00%)

10:35
09/16/19
09/16
10:35
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10:35
Options
AMC Entertainment put volume heavy and directionally bearish »

Bearish flow noted in AMC…

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GS

Goldman Sachs

$218.41

-1.58 (-0.72%)

10:33
09/16/19
09/16
10:33
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10:33
Periodicals
Breaking Periodicals news story on Goldman Sachs »

Robin Vince to step down…

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  • 19

    Sep

  • 20

    Sep

  • 15

    Oct

OSTK

Overstock.com

$24.14

-0.69 (-2.78%)

10:30
09/16/19
09/16
10:30
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10:30
Periodicals
Patrick Byrne's final act at Overstock crushed short sellers, Bloomberg says »

One of Patrick…

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MAT

Mattel

$11.42

0.11 (0.97%)

10:29
09/16/19
09/16
10:29
09/16/19
10:29
Conference/Events
Jefferies to hold a bus tour »

Toys & Media Bus Tour…

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03/06/13
Citigroup
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  • 16

    Sep

WLL

Whiting Petroleum

$10.69

3.16 (41.97%)

10:25
09/16/19
09/16
10:25
09/16/19
10:25
Options
Whiting Petroleum call volume above normal and directionally bullish »

Bullish option flow…

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

    Oct

  • 09

    Oct

HLUYY

Lundbeck

$0.00

(0.00%)

10:25
09/16/19
09/16
10:25
09/16/19
10:25
Conference/Events
Lundbeck participates in a conference call with JPMorgan »

European Pharma Analyst…

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

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HLUKY

Lundbeck

$0.00

(0.00%)

10:25
09/16/19
09/16
10:25
09/16/19
10:25
Conference/Events
Lundbeck participates in a conference call with JPMorgan »

Healthcare Analyst Gordon…

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  • 16

    Sep

  • 16

    Sep

DTIL

Precision BioSciences

$10.15

0.385 (3.94%)

10:24
09/16/19
09/16
10:24
09/16/19
10:24
Recommendations
Precision BioSciences analyst commentary  »

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CNHI

CNH Industrial

$11.04

-0.16 (-1.43%)

10:22
09/16/19
09/16
10:22
09/16/19
10:22
Hot Stocks
Breaking Hot Stocks news story on CNH Industrial »

CNH Industrial jumps 3%…

03/08/13
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CNHI

CNH Industrial

$11.04

-0.16 (-1.43%)

10:21
09/16/19
09/16
10:21
09/16/19
10:21
Periodicals
Breaking Periodicals news story on CNH Industrial »

Activist Elliott said to…

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AMZN

Amazon.com

$1,811.42

-26.07 (-1.42%)

10:20
09/16/19
09/16
10:20
09/16/19
10:20
Periodicals
Amazon plans aggressive expansion of Hub Locker network, CNet reports »

Amazon plans to evaluate…

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  • 27

    Oct

10:20
09/16/19
09/16
10:20
09/16/19
10:20
General news
Overnight general collateral has surged »

Overnight general…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
09/16/19
09/16
10:17
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10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
09/16/19
09/16
10:16
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Technical Analysis
NYSE market internals summary »

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IP

International Paper

$42.47

-0.32 (-0.75%)

10:15
09/16/19
09/16
10:15
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Options
International Paper put volume heavy and directionally bearish »

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PPL

PPL Corp.

$30.67

-0.215 (-0.70%)

10:13
09/16/19
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10:13
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Earnings
PPL Corp. to reaffirm 2019 and 2020 earnings outlooks in meetings »

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  • 10

    Nov

AFIN

American Finance Trust

$13.49

0.13 (0.97%)

, IRET

Investors Real Estate

$71.92

0.42 (0.59%)

10:12
09/16/19
09/16
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Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

AFIN

American Finance Trust

$13.49

0.13 (0.97%)

IRET

Investors Real Estate

$71.92

0.42 (0.59%)

APTS

Preferred Apartment

$14.60

0.12 (0.83%)

ENPH

Enphase Energy

$24.07

1.99 (9.01%)

ZM

Zoom Video

$79.31

0.46 (0.58%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 16

    Sep

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    Sep

  • 30

    Sep

  • 01

    Oct

HAL

Halliburton

$22.12

1.86 (9.18%)

, ACB

Aurora Cannabis

$5.75

-0.195 (-3.28%)

10:12
09/16/19
09/16
10:12
09/16/19
10:12
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

HAL

Halliburton

$22.12

1.86 (9.18%)

ACB

Aurora Cannabis

$5.75

-0.195 (-3.28%)

HPQ

HP Inc.

$18.73

-0.345 (-1.81%)

DKS

Dick's Sporting

$38.93

-0.09 (-0.23%)

JPM

JPMorgan

$119.54

-0.69 (-0.57%)

03/08/13
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Citigroup
03/06/13
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  • 19

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    Oct

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    Nov

RTN

Raytheon

$202.42

3.6 (1.81%)

, UBER

Uber

$34.50

1.26 (3.79%)

10:12
09/16/19
09/16
10:12
09/16/19
10:12
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

RTN

Raytheon

$202.42

3.6 (1.81%)

UBER

Uber

$34.50

1.26 (3.79%)

LYFT

Lyft

$48.27

2.17 (4.71%)

SLB

Schlumberger

$39.56

2.235 (5.99%)

RMAX

RE/MAX Holdings

$28.19

0.915 (3.35%)

ESPR

Esperion

$36.90

0.34 (0.93%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 11

    Oct

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    Oct

  • 13

    Nov

SOL

ReneSola

$1.30

0.25 (23.81%)

10:09
09/16/19
09/16
10:09
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10:09
Hot Stocks
ReneSola announces intended $11M investment by Shah Capital »

ReneSola announced that…

03/08/13
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03/08/13
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Citigroup
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  • 16

    Sep

ESTA

Establishment Labs

$20.93

(0.00%)

10:08
09/16/19
09/16
10:08
09/16/19
10:08
Hot Stocks
Establishment Labs reports allowance for U.S. patent, 510(k) submission »

Establishment Labs…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

OXY

Occidental Petroleum

$48.44

3.36 (7.45%)

10:05
09/16/19
09/16
10:05
09/16/19
10:05
Options
Occidental Petroleum 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

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  • 02

    Oct

DD

DuPont

$72.88

-0.65 (-0.88%)

, RDSMY

DSM

$0.00

(0.00%)

10:04
09/16/19
09/16
10:04
09/16/19
10:04
Periodicals
DSM said to explore bid for DuPont nutrition unit, Bloomberg says »

DSM is said to be among…

DD

DuPont

$72.88

-0.65 (-0.88%)

RDSMY

DSM

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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