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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

DSM said to explore bid for DuPont nutrition unit, Bloomberg says

DSM is said to be among the suitors for the DuPont unit, which could be valued at as much as $25B, Bloomberg reported.

DD

DuPont

$72.88

-0.65 (-0.88%)

RDSMY

DSM

$0.00

(0.00%)

DD DuPont
$72.88

-0.65 (-0.88%)

09/04/19
MSCO
09/04/19
NO CHANGE
Target $85
MSCO
Overweight
Morgan Stanley says new round of chemical industry consolidation may be coming
Morgan Stanley analyst Vincent Andrews notes that DuPont (DD) can pursue further tax-free strategic options as of September 1, which was the two-year anniversary of the DowDuPont merger, and he also notes that DuPont and Celanese (CE) executives have made public comments about strategic alternatives being a clear priority. Andrews, who thinks "converging forces" may create the environment for a new round of chemical industry consolidation and other dealmaking, believes Celanese, DuPont and DSM (RDSMY) could "be the nexus of any activity" given their size, resources and management commentary. Citing his view that the market will increasingly price in potential M&A, Andrews increased his price target on DuPont shares to $85 from $78, raised his Celanese target to $124 from $102 and upped his DSM target to EUR104 from EUR90. He recommends DuPont as the best way to play the chemical consolidation theme and keeps an Overweight rating on the shares, while keeping Equal Weight ratings on the other two stocks named above.
09/10/19
SBSH
09/10/19
NO CHANGE
SBSH
Buy
DuPont management 'seems relentless' in driving value, shares Citi
After meeting with DuPont, Citi analyst P.J. Juvekar believes management "seems relentless" in driving shareholder value through portfolio trades. He reiterates a Buy rating on the shares with a sum-of-the-parts price target of $82. DuPont offers a "clear story for value realization" through portfolio moves, Juvekar tells investors in a research note.
09/10/19
JEFF
09/10/19
INITIATION
Target $85
JEFF
Buy
DuPont initiated with a Buy at Jefferies
Jefferies analyst Laurence Alexander started DuPont with a Buy rating and $85 price target. Better operating discipline and a commitment to "exploit its freedom to maneuver" should make DuPont shares more resilient against a soft macroeconomic backdrop, Alexander tells investors in a research note. He believes the current productivity cycle and DuPont's "robust" free cash flow could drive 4.1% annual sales growth and 12% annual earnings growth through the middle of the next decade.
09/10/19
09/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. DuPont (DD) initiated with a Buy at Jefferies. 2. Turning Point Therapeutics (TPTX) initiated with an Outperform at Wedbush. 3. Aurinia Pharmaceuticals (AUPH) initiated with an Outperform at Oppenheimer. 4. Banco de Chile (BCH) initiated with a Neutral at Goldman Sachs. 5. McEwen Mining (MUX) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
RDSMY DSM
$0.00

(0.00%)

02/01/19
GSCO
02/01/19
UPGRADE
GSCO
Buy
DSM upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Theodora Joseph upgraded DSM to Buy with an increased price target of EUR 101.50. The analyst sees the company's transition to nutrition as a catalyst and believes the recent share pullback provides a "compelling" entry point.
07/05/19
JPMS
07/05/19
UPGRADE
JPMS
Overweight
DSM upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Chetan Udeshi upgraded Koninklijke DSM to Overweight from Neutral and raised his price target for the shares to 120 euros from 88 euros. The company's earnings momentum could help narrow its valuation gap between relative to chemical companies in the medium term, Udeshi tells investors in a research note.
08/05/19
ABNA
08/05/19
DOWNGRADE
ABNA
Hold
DSM downgraded to Hold from Buy at ABN Amro
ABN Amro analyst Mutlu Gundogan downgraded Koninklijke DSM NV to Hold from Buy while raising his price target for the shares to 120 euros from 117 euros.
09/04/19
MSCO
09/04/19
NO CHANGE
Target $85
MSCO
Overweight
Morgan Stanley says new round of chemical industry consolidation may be coming
Morgan Stanley analyst Vincent Andrews notes that DuPont (DD) can pursue further tax-free strategic options as of September 1, which was the two-year anniversary of the DowDuPont merger, and he also notes that DuPont and Celanese (CE) executives have made public comments about strategic alternatives being a clear priority. Andrews, who thinks "converging forces" may create the environment for a new round of chemical industry consolidation and other dealmaking, believes Celanese, DuPont and DSM (RDSMY) could "be the nexus of any activity" given their size, resources and management commentary. Citing his view that the market will increasingly price in potential M&A, Andrews increased his price target on DuPont shares to $85 from $78, raised his Celanese target to $124 from $102 and upped his DSM target to EUR104 from EUR90. He recommends DuPont as the best way to play the chemical consolidation theme and keeps an Overweight rating on the shares, while keeping Equal Weight ratings on the other two stocks named above.

TODAY'S FREE FLY STORIES

SKX

Skechers

$37.12

-0.02 (-0.05%)

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ATVI

Activision Blizzard

$53.92

-1.68 (-3.02%)

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Nintendo

$0.00

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Activision Blizzard

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NTDOY

Nintendo

$0.00

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KALV

KalVista

$12.16

0.08 (0.66%)

11:36
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Conference/Events
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W

Wayfair

$110.22

-4.41 (-3.85%)

11:35
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Options
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TSLA

Tesla

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-2.565 (-0.98%)

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  • 23

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ATHM

Autohome

$84.07

-1.01 (-1.19%)

11:29
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11:29
Downgrade
Autohome rating change  »

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AMSSY

AMS AG

$0.00

(0.00%)

, OSAGY

Osram

$0.00

(0.00%)

11:26
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11:26
Hot Stocks
AMS AG to launch new EUR41 per share takeover offer for Osram »

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AMS AG

$0.00

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OSAGY

Osram

$0.00

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  • 22

    Oct

ENPH

Enphase Energy

$25.16

0.07 (0.28%)

11:25
10/18/19
10/18
11:25
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11:25
Options
Enphase Energy call volume above normal and directionally bullish »

Bullish option flow…

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  • 29

    Oct

11:25
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10/18
11:25
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11:25
Conference/Events
Federal Reserve Board of Governors Vice Chairman Clarida speaks on the economy »

Federal Reserve Board of…

OSAGY

Osram

$0.00

(0.00%)

11:22
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Hot Stocks
Osram says Advent, Bain Capital do not plan takeover offer for time being »

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11:20
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General news
FX Action: USD-JPY »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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11:17
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11:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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10/18
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Technical Analysis
NYSE market internals summary »

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WDC

Western Digital

$58.33

-1.3 (-2.18%)

11:15
10/18/19
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11:15
Options
Western Digital put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 30

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CAT

Caterpillar

$131.28

1.27 (0.98%)

, M

Macy's

$15.07

-0.7 (-4.44%)

11:12
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10/18
11:12
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11:12
On The Fly
Caterpillar, retailer downgrades among today's top analyst calls »

Check out today's top…

CAT

Caterpillar

$131.28

1.27 (0.98%)

M

Macy's

$15.07

-0.7 (-4.44%)

GPS

Gap

$16.53

-1.05 (-5.97%)

LB

L Brands

$16.64

-1.46 (-8.07%)

SNAP

Snap

$13.73

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CMG

Chipotle

$846.74

18.65 (2.25%)

CRON

Cronos Group

$8.50

-0.35 (-3.95%)

MO

Altria Group

$44.34

0.08 (0.18%)

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MAN

ManpowerGroup

$88.99

3.09 (3.60%)

11:07
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Recommendations
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  • 18

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SBH

Sally Beauty

$15.58

-0.19 (-1.20%)

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Hot Stocks
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  • 03

    Dec

SPWR

SunPower

$9.44

-0.02 (-0.21%)

11:05
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Options
SunPower call volume above normal and directionally bullish »

Bullish option flow…

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  • 30

    Oct

AAPL

Apple

$235.30

(0.00%)

11:03
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Periodicals
Apple's rumored AirPods Pro may arrive later this month, Verge says »

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  • 30

    Oct

SNY

Sanofi

$46.13

-0.43 (-0.92%)

11:03
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  • 19

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    Dec

XLK

Technology Select Sector SPDR

$81.21

-0.46 (-0.56%)

10:50
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Options
Technology ETF put buyer lays out $2.8M for long-dated DOOM hedge »

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APA

Apache

$22.98

0.86 (3.89%)

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

Bullish option flow…

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  • 31

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General news
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