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KKR

KKR

$27.98

0.88 (3.25%)

14:10
09/12/19
09/12
14:10
09/12/19
14:10

KKR mulls sale of locomotive leasing unit ELL, Bloomberg reports

KKR is weighing a sale of its Austrian and German locomotive leasing unit, ELL GmbH, Bloomberg's Dinesh Nair and Sarah Syed report, citing people familiar with the matter. The firm is in early talks with potential advisers as it reviews the business, the authors note. ELL could draw a valuation of over $1.1B including debt, the authors say. Reference Link

KKR KKR
$27.98

0.88 (3.25%)

05/21/19
05/21/19
DOWNGRADE
Target $29

Neutral
KKR downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Craig Siegenthaler downgraded KKR to Neutral from Outperform, with a $29 price target. The analyst cited a lower relative 12-month total return forecast and following the stock's 25%-30% total return year to date. Siegenthaler is re-focusing on the alts that will benefit from recent/future C-Corp conversions, generate stronger than expected fee-related earnings growth and experience less negative earnings revisions in the next economic recession.
05/21/19
05/21/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. KKR (KKR) downgraded to Neutral from Outperform at Credit Suisse analyst Craig Siegenthaler citing a lower relative 12-month total return forecast and following the stock's 25%-30% total return year to date. 2. Ocular Therapeutix (OCUL) downgraded to Market Perform from Strong Buy at Raymond James and to Market Perform from Outperform at Cowen. 3. CAE (CAE) downgraded to Market Perform from Outperform at BMO Capital and to Hold from Buy citing "limited potential returns." 4. Tremont Mortgage Trust (TRMT) downgraded to Neutral from Buy at UBS with analyst Brock Vandervliet saying last week's surprising capital raise has eroded shareholder value. 5. Carlyle Group (CG) downgraded to Neutral from Outperform at Credit Suisse with analyst Craig Siegenthaler citing a lower relative 12-month total return forecast and following the stock's mid-30% total return year to date. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/09/19
MSCO
07/09/19
NO CHANGE
MSCO
Morgan Stanley sees C-corp conversion announcement coming from Carlyle
Morgan Stanley analyst Michael Cyprys said he recommends owning Carlyle Group (CG) shares into the quarter, as he believes the company will announce plans to convert to a C-corporation along with its upcoming report, "albeit with a delayed effective date" to allow time for the complex underlying tax impact analysis. He thinks a conversion could bring greater clarity and visibility into targets, which could increase long only interest in the stock, Cyprys tells investors. In his broader preview of the earnings season for the Asset Manager group, the analyst noted that he lowered his Q2 EPS estimates by about 4% on average, cutting his estimates for Traditionals by 0.5%, for Alts by 11.5% and for Market Structure companies by 1.6%.
08/05/19
LEHM
08/05/19
INITIATION
Target $29
LEHM
Equal Weight
KKR initiated with an Equal Weight at Barclays
Barclays analyst Jeremy Campbell started KKR with an Equal Weight rating and $29 price target. The analyst says that while KKR has a unique strategy relative to the peers, it is a "bit more pro-cyclical," which warrants a little more cautions this late in the cycle.

TODAY'S FREE FLY STORIES

LOAN

Manhattan Bridge Capital

$6.37

0.02 (0.31%)

07:20
10/21/19
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07:20
Earnings
Manhattan Bridge Capital reports Q3 EPS 12c, one est. 11c »

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VZ

Verizon

$61.05

0.64 (1.06%)

07:20
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Periodicals
Verizon seeking buyer for HuffPost website, FT reports »

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URGN

UroGen Pharma

$22.34

0.06 (0.27%)

07:20
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07:20
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General news
Treasury Market Outlook: yields are modestly higher as stocks rally »

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VLRX

Valeritas

$1.33

(0.00%)

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FOMX

Foamix

$3.16

-0.08 (-2.47%)

07:17
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BA

Boeing

$344.09

-25.04 (-6.78%)

07:17
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  • 23

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MNTA

Momenta

$14.43

0.3 (2.12%)

07:17
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10/21
07:17
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Conference/Events
Momenta management to meet with Piper Jaffray »

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    Dec

HSIC

Henry Schein

$62.79

-0.72 (-1.13%)

07:16
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Hot Stocks
Henry Schein to be dismissed from Summit County opioid litigation »

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  • 08

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MYGN

Myriad Genetics

$30.56

0.24 (0.79%)

07:16
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Myriad Genetics appoints Mark Pollack as CMO of Myriad Neuroscience »

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  • 06

    Nov

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ATGE

Adtalem Global Education

$35.89

-0.37 (-1.02%)

07:16
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Hot Stocks
Adtalem Global Education to sell Adtalem Educacional do Brasil to YDUQS »

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  • 06

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NVR

NVR

$3,890.80

121.94 (3.24%)

07:16
10/21/19
10/21
07:16
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07:16
Recommendations
NVR analyst commentary  »

NVR price target raised…

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EOG

EOG Resources

$64.47

-2.25 (-3.37%)

07:15
10/21/19
10/21
07:15
10/21/19
07:15
Downgrade
EOG Resources rating change  »

EOG Resources downgraded…

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  • 07

    Nov

VZ

Verizon

$61.05

0.64 (1.06%)

07:13
10/21/19
10/21
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07:13
Hot Stocks
Verizon to deploy 5G home internet in Chicago »

Starting October 24,…

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  • 22

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PEP

PepsiCo

$136.25

-0.74 (-0.54%)

, KDP

Keurig Dr Pepper

$27.58

-0.01 (-0.04%)

07:12
10/21/19
10/21
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07:12
Recommendations
PepsiCo, Keurig Dr Pepper analyst commentary  »

Morgan Stanley suggests…

PEP

PepsiCo

$136.25

-0.74 (-0.54%)

KDP

Keurig Dr Pepper

$27.58

-0.01 (-0.04%)

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  • 07

    Nov

LNDC

Landec

$9.41

0.14 (1.51%)

07:11
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Conference/Events
Landec management to meet with Maxim »

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LAC

Lithium Americas

$3.02

0.04 (1.34%)

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Lithium Americas appoints Yuan Gao to board of directors »

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ARQL

ArQule

$9.13

-0.17 (-1.83%)

07:08
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ArQule announces preclinical data showing potential for miransertib to treat VMs »

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  • 26

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SON

Sonoco

$58.07

0.85 (1.49%)

07:08
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Upgrade
Sonoco rating change  »

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DIS

Disney

$130.91

-1.46 (-1.10%)

07:08
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Conference/Events
Disney management to meet with Oppenheimer »

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IDRA

Idera Pharmaceuticals

$2.68

-0.01 (-0.37%)

07:07
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Hot Stocks
Idera Pharmaceuticals annnounces U.S. patent for tilsotolimod »

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BBI

Brickell Biotech

$4.10

-0.08 (-1.91%)

07:06
10/21/19
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07:06
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07:06
Conference/Events
Brickell Biotech management to meet with William Blair »

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  • 24

    Oct

SEAS

SeaWorld

$27.88

0.23 (0.83%)

07:06
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SeaWorld to open second Sesame Place theme park in San Diego in 2021 »

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ARMP

Armata Pharmaceuticals

$4.10

0.05 (1.23%)

07:06
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Hot Stocks
Armata Pharmaceuticals announces receipt of $1.3M R&D Tax Incentive »

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AGTC

Applied Genetic

$3.05

-0.06 (-1.93%)

07:06
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Hot Stocks
Applied Genetic presents data from non-clinical studies evaluating AAV vectors »

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