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BAM

Brookfield

$55.96

0.71 (1.29%)

, BBU

Brookfield Business Partners

$39.35

0.23 (0.59%)

08:40
11/04/19
11/04
08:40
11/04/19
08:40

Brookfield closes $9B global private equity fund

Brookfield Asset Management Inc. (BAM) announced the closing of its latest flagship global private equity fund, Brookfield Capital Partners V with total equity commitments of $9 billion in the program. Based on strong investor demand, BCP V attracted total capital commitments exceeding the original $7 billion fundraising target. BCP V's predecessor fund closed in 2016 with $4 billion of total capital commitments. Investors in the Fund are a diverse group of institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, family offices, and private wealth investors. Brookfield Business Partners L.P. (BBU) has committed $3 billion to the Fund, underscoring the alignment of interests with other investors.

BAM

Brookfield

$55.96

0.71 (1.29%)

BBU

Brookfield Business Partners

$39.35

0.23 (0.59%)

  • 07

    Nov

  • 14

    Nov

  • 28

    Nov

BAM Brookfield
$55.96

0.71 (1.29%)

08/22/19
RBCM
08/22/19
NO CHANGE
Target $28
RBCM
Outperform
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".
09/26/19
09/26/19
NO CHANGE

Brookfield to host investor day
Investor day to be held in New York on September 26 at 10 am. Reference Link
09/27/19
RBCM
09/27/19
NO CHANGE
RBCM
Outperform
Brookfield Infrastructure, Asset Management price targets raised at RBC Capital
RBC Capital analysts Neil Downey and Robert Kwan raised their price targets on Brookfield Asset Management (BAM) and Brookfield Infrastructure Partners (BIP) to $57 from $54 and to $53 from $50 respectively after attending the investor day presentation this week. Downey cites Brookfield Asset Management continuing its "very strong offensive positioning" with "excellent" fundraising momentum and significant liquidity capital commitments. Kwan is also positive on Brookfield Infrastructure Partners's Brookfield Infrastructure Partners' capital recycling and "above-average" growth rate expected to be funded on a "conservative basis."
11/01/19
11/01/19
NO CHANGE

Rice University-Jones Graduate School of Business to hold a summit
Rice Energy Finance Summit will be held in Houston on November 1.
BBU Brookfield Business Partners
$39.35

0.23 (0.59%)

01/15/19
RBCM
01/15/19
DOWNGRADE
Target $42
RBCM
Sector Perform
Brookfield Business Partners cut to Sector Perform at RBC Capital on valuation
As reported earlier, RBC Capital analyst Jeoffrey Kwan downgraded Brookfield Business Partners to Sector Perform from Outperform and lowered his price target to $42 from $46. The analyst says that while the stock is an "attractive" investment over the longer term horizon, its 2018 outperformance relative to his coverage universe implies a total return that is now more in line with the average. Kwan also warns that the heightened market volatility could reduce Brookfield Business Partners' earnings visibility and thus the estimated values for its investments, recommending increased disclosures regarding their financial performance.
01/15/19
01/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PG&E (PCG) downgraded to Sell from Buy at Argus with analyst Jacob Kilstein citing the company's announcement that it will declare bankruptcy based on the potential for $30B in liability costs related to its role in California wildfire, the lack of financing, and the absence of the state government intervention. 2. SL Green Realty (SLG) downgraded to Neutral from Buy at Goldman Sachs with analyst Andrew Rosivach saying he believes the market will value at a lower multiple than real estate ownership. 3. Atlassian (TEAM) and Yext (YEXT) were downgraded to Underweight from Equal Weight at Morgan Stanley while Oracle (ORCL), VMware (VMW), and Autodesk (ADSK) were downgraded to Equal Weight from Overweight. 4. Brookfield Business Partners (BBU) downgraded to Sector Perform at RBC Capital. 5. Edison International (EIX) downgraded to Underperform from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith citing the challenging operating environment in California following the PG&E (PCG) Chapter 11 filing. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/13/19
FBCO
05/13/19
INITIATION
Target $42
FBCO
Neutral
Johnson Controls reinstated with a Neutral at Credit Suisse
Credit Suisse analyst John Walsh reinstated Johnson Controls (JCI) with a Neutral rating and a $42 price target, following the Power Solutions sale to Brookfield (BBU). The analyst cited tailwinds from energy efficiency/sustainability, improved free cash flow metrics, and margin expansion driven by incremental synergy/productivity gains in 2019/2020. However, he does not see meaningful upside to consensus estimates or relative valuation to implied IR ClimateCo, at this time.
07/03/19
FBCO
07/03/19
INITIATION
Target $48
FBCO
Outperform
Brookfield Business Partners reinstated with an Outperform at Credit Suisse
Credit Suisse analyst Andrew Kuske reinstated coverage of Brookfield Business Partners with an Outperform rating and $48 price target. The reinstatement follows the issuance of $795M of equity by way of a bought deal and two private placements, he contends.

TODAY'S FREE FLY STORIES

NXGN

NextGen Healthcare

$16.83

-1.28 (-7.07%)

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AMOT

Allied Motion

$46.79

0.81 (1.76%)

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Allied Motion CEO sells 10K shares of common stock »

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LILA

Liberty Latin America

$17.56

0.32 (1.86%)

, DISCA

Discovery

$32.36

0.28 (0.87%)

18:54
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Liberty Latin America says Dr. John Malone retires from board »

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LILA

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DISCA

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LGF.A

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0.65 (6.96%)

LGF.B

Lionsgate

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0.7 (8.09%)

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HOCPY

Hoya Corp.

$0.00

(0.00%)

, TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

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Hoya to offer JPY12,900 per share in tender offer for Toshiba unit NuFlare »

Hoya Corporation (HOCPY)…

HOCPY

Hoya Corp.

$0.00

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TOSBF

Toshiba, also use TOSYY

$0.00

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TOSYY

Toshiba

$0.00

(0.00%)

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    Dec

ADBE

Adobe

$305.76

2.01 (0.66%)

, SRPT

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$100.39

-1.15 (-1.13%)

18:42
12/12/19
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Adobe…

ADBE

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$305.76

2.01 (0.66%)

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

DDOG

Datadog

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0.23 (0.65%)

RIG

Transocean

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0.28 (4.95%)

TPR

Tapestry

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0.515 (1.99%)

GTIM

Good Times Restaurants

$1.71

0.14 (8.92%)

ORCL

Oracle

$56.47

0.16 (0.28%)

AVGO

Broadcom

$327.39

7.53 (2.35%)

COST

Costco

$297.50

2.28 (0.77%)

CNC

Centene

$58.52

-0.13 (-0.22%)

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    Dec

  • 23

    Jan

  • 23

    Mar

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:40
12/12/19
12/12
18:40
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18:40
Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta up 28.5% after…

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PHR

Phreesia

$28.67

0.1 (0.35%)

18:38
12/12/19
12/12
18:38
12/12/19
18:38
Syndicate
Phreesia 6.75M share Secondary priced at $26.00 »

The deal size was…

03/08/13
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03/08/13
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  • 13

    Dec

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:31
12/12/19
12/12
18:31
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18:31
Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta to resume trading…

03/08/13
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03/06/13
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ADBE

Adobe

$305.76

2.01 (0.66%)

18:25
12/12/19
12/12
18:25
12/12/19
18:25
Hot Stocks
Adobe CEO: We are not overly concerned with the trade war with China »

Comment from interview…

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  • 12

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    Jan

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:20
12/12/19
12/12
18:20
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18:20
Hot Stocks
Sarepta announces FDA approval of VYONDYS 53 injection to treat DMD »

Sarepta Therapeutics…

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AMZN

Amazon.com

$1,760.44

11.33 (0.65%)

18:11
12/12/19
12/12
18:11
12/12/19
18:11
Hot Stocks
Amazon orders fourth season of 'The Marvelous Mrs. Maisel' »

Amazon Studios announced…

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OHAI

OHA Investment

$1.28

(0.00%)

, PTMN

Portman Ridge Finance

$2.04

(0.00%)

18:10
12/12/19
12/12
18:10
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18:10
Hot Stocks
OHA Investment obtains stockholder approval of Portman Ridge deal »

OHA Investment…

OHAI

OHA Investment

$1.28

(0.00%)

PTMN

Portman Ridge Finance

$2.04

(0.00%)

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

Oncternal Therapeutics

$4.62

0.05 (1.09%)

18:05
12/12/19
12/12
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Hot Stocks
Oncternal presents interim data from Phase 1b clinical study of cirmtuzumab »

Oncternal Therapeutics…

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HZN

Horizon Global

$3.49

0.14 (4.18%)

18:03
12/12/19
12/12
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18:03
Hot Stocks
Horizon Global CFO Jamie Pierson steps down »

Horizon Global announced…

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ORCL

Oracle

$56.47

0.16 (0.28%)

18:03
12/12/19
12/12
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Hot Stocks
Oracle CEO Catz says expects momentum in 2H20 to carry into FY21 »

Says feels "very…

03/08/13
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  • 12

    Dec

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:00
12/12/19
12/12
18:00
12/12/19
18:00
Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta trading halted,…

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ORCL

Oracle

$56.47

0.16 (0.28%)

17:52
12/12/19
12/12
17:52
12/12/19
17:52
Hot Stocks
Oracle's Ellison says 'we have no plans for having a second CEO' »

Says there won't be…

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  • 12

    Dec

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

, EVRC

Evercel, Inc

$0.00

(0.00%)

17:41
12/12/19
12/12
17:41
12/12/19
17:41
Hot Stocks
NewLink Genetics advances over 11% after Evercel discloses rejected offer »

Shares of NewLink…

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

EVRC

Evercel, Inc

$0.00

(0.00%)

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EVRC

Evercel, Inc

$0.00

(0.00%)

, NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

17:36
12/12/19
12/12
17:36
12/12/19
17:36
Hot Stocks
Evercel announces rejected offer to acquire NewLink Genetics »

Evercel (EVRC) has made…

EVRC

Evercel, Inc

$0.00

(0.00%)

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

03/08/13
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BXRX

Baudax Bio

$6.30

0.225 (3.70%)

17:34
12/12/19
12/12
17:34
12/12/19
17:34
Hot Stocks
Corsair Capital reports 8.77% passive stake in Baudax Bio »

Corsair Capital disclosed…

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  • 16

    Dec

GVA

Granite Construction

$27.55

1.255 (4.77%)

17:33
12/12/19
12/12
17:33
12/12/19
17:33
Hot Stocks
Granite Construction subsidiary awarded $16M contract to rehabilitate I-94 »

Granite Construction…

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ENV

Envestnet

$71.58

-0.195 (-0.27%)

17:29
12/12/19
12/12
17:29
12/12/19
17:29
Syndicate
Breaking Syndicate news story on Envestnet »

Envestnet files to sell…

03/08/13
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LULU

Lululemon

$224.48

-8.83 (-3.78%)

17:28
12/12/19
12/12
17:28
12/12/19
17:28
Syndicate
Lululemon holder Advent said to offer 2.6M shares, Bloomberg reports »

Block offer range seen at…

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ORCL

Oracle

$56.47

0.16 (0.28%)

17:26
12/12/19
12/12
17:26
12/12/19
17:26
Hot Stocks
Oracle sees FY20 CapEx approximately $2.2B »

Sees FY20 tax rate…

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  • 12

    Dec

ORCL

Oracle

$56.47

0.16 (0.28%)

17:25
12/12/19
12/12
17:25
12/12/19
17:25
Earnings
Oracle sees 'double digit' EPS growth in FY20, consensus $3.88 »

Sees FY20 revenue growing…

03/08/13
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03/08/13
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  • 12

    Dec

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