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TECD

Tech Data

$129.15

(0.00%)

, APO

Apollo Global

$43.18

0.78 (1.84%)

06:07
11/26/19
11/26
06:07
11/26/19
06:07

Tech Data says not providing guidance due to pending acquisition by Apollo Global

Due to the pending acquisition by affiliates of the Apollo Funds (APO), Tech Data (TECD) does not plan to host an earnings conference call nor provide forward-looking guidance.

TECD

Tech Data

$129.15

(0.00%)

APO

Apollo Global

$43.18

0.78 (1.84%)

  • 09

    Dec

  • 26

    Feb

  • 26

    Nov

TECD Tech Data
$129.15

(0.00%)

08/30/19
LOOP
08/30/19
NO CHANGE
Target $120
LOOP
Buy
Tech Data price target raised to $120 from $112 at Loop Capital
Loop Capital analyst Ananda Baruah raised his price target on Tech Data to $120 and kept his Buy rating after its "very solid" Q2 results in spite of the macro challenges, saying the company is positioning itself to monetize all of its "Advanced Tech" related assets. The analyst also notes that the company's described demand in the quarter was also "solid and intact", with strong performance in the Americas business but slowing Europe sales.
09/12/19
LOOP
09/12/19
NO CHANGE
Target $130
LOOP
Buy
Tech Data price target raised to $130 from $120 at Loop Capital
Loop Capital analyst Ananda Baruah raised his price target on Tech Data to $130 and kept his Buy rating after meeting with its CEO Rich Hume and CFO Chuck Dannewitz. The analyst is positive on the company's portfolio of "robust collection of IT products" in PCs and Data Center, stating that the management is "driving value" while maximizing the stock's free cash flow, revenue, and earnings growth. Baruah contends that Tech Data has been outgrowing the channel industry demand in recent years and should continue to do so, while having "already absorbed the most significant hit" to its traditional on-premise spending.
10/16/19
STFL
10/16/19
NO CHANGE
Target $125
STFL
Hold
Tech Data investors likely to want higher takeout price, says Stifel
Stifel analyst Matthew Sheerin raised his price target for Hold-rated Tech Data (TECD) to $125 from $105 after Reuters reported that Apollo Global Management (APO) has made an offer to acquire the company for about $130 per share, or $4.8B, a 17% premium to last night's closing price. The stock in premarket trading is up 14%, or $15.16, to $126.50. The analyst says that although Tech Data's board is obligated to give serious consideration to any takeout offers, he would not be surprised to see the company consider other, potentially higher offers. Tech Data has shown strong execution in recent quarters, and some investors would argue that the company should deserve a better valuation multiple, Sheerin tells investors in a research note titled "Is 7x EV/EBITDA Good Enough?" The analyst, however, believes an Apollo offer at the reported terms "would be fair."
10/17/19
LOOP
10/17/19
NO CHANGE
Target $150
LOOP
Buy
Tech Data price target raised to $150 from $130 at Loop Capital
Loop Capital analyst Ananda Baruah raised his price target on Tech Data to $150 and kept his Buy rating after yesterday's Reuters speculation that Apollo has offered to acquire the company. The analyst notes that the offer reflects greater recognition of the company's IT distribution asset value and believes that the stock has the ability to appreciate to $180 per share, adding he would recommend that the management does not agree to the $130/shr proposed price..
APO Apollo Global
$43.18

0.78 (1.84%)

10/07/19
BMOC
10/07/19
INITIATION
BMOC
KKR, Victory Capital, Apollo Global top BMO Capital picks among asset managers
BMO Capital analyst James Fotheringham initiated 11 U.S. asset managers, selecting KKR (KKR), Victory Capital (VCTR), and Apollo Global (APO) as his "top picks" with Outperform ratings and respective price targets of $40, $33, and $52 per share. The analyst believes that investors are undervaluing KKR's performance fees reliability and also have yet to appropriately value its "meaningful" excess capital. Instead, Fotheringham believes that investors are too worried about the risks of recession and KKR's relatively larger balance sheet. For Victory Global, the analyst believes that the market is overly concerned with its balance sheet leverage and believes that the company's organic growth will outperform expectations because of its exposure to to higher-growth segments like ETF products and solutions-seeking investors. For Apollo Global, Fotheringham notes that investors are undervaluing its accelerating Fee Related Earnings growth and expects the stock to benefit from technical support related to "improved liquidity, broadened shareholder engagement, and index inclusions." As part of his research note, the analyst also started the following at Market Perform: Ares Management (ARES) with price target $31, Invesco (IVZ) with price target $18, Blackrock (BLK) with price target $44, AssetMark (AMK) with price target $24, Blackstone (BX) with price target of $44, Carlyle Group (CG) with price target of $23, and T. Rowe Price (TROW) with price target of $101. Fotheringham also initiated Franklin Resources (BEN) at Underperform with price target of $16, saying the market is overvaluing its management-fee related income amid continued outflows and magnified redemption risk as well as operating expense "inflexibility". The analyst warns that Franklin's U.S. and European retail channels are facing ongoing fee pressures and risk from active-to-passive rotation.
10/14/19
BOFA
10/14/19
DOWNGRADE
Target $52
BOFA
Neutral
BofA gets more selective in alternative asset managers, downgrades Blackstone
BofA Merrill Lynch analyst Michael Carrier downgraded Blackstone (BX) to Neutral from Buy with a price target of $52, down from $54, stating that he is getting a bit more selective within the alternative asset managers sector since valuation multiples have moved higher so far this year while estimates have moved lower. Despite his view that the firm is structurally very well positioned over the long-term, he sees more modest upside for the stock from here and prefers others with a higher portion of fee related earnings of that have upcoming fundraising catalysts, Carrier tells investors. To reflect a more typical level of fundraising ahead and the potential for slightly lower than expected realizations if geopolitical risks linger, Carrier also trimmed his price target for Ares Management (ARES) to $31 from $32 and lowered his target for target for KKR (KKR) shares to $31 from $32.
11/01/19
SBSH
11/01/19
NO CHANGE
Target $52
SBSH
Buy
Citi opens '30 Day Positive Catalyst Watch' on Apollo Global
Citi analyst William Katz opened a "30 Day Positive Catalyst Watch" on shares of Apollo Global Management following the company's Q3 results. The analyst lowered his price target for the shares to $52 from $53 and keeps a Buy rating on the name. The company's investor day on November 7 "will dovetail nicely against many new-to-the-story investors" post the C-Corp conversion and drive further multiple expansion, Katz tells investors in a research note.
11/12/19
RBCM
11/12/19
INITIATION
Target $17
RBCM
Sector Perform
Apollo Investment resumed with a Sector Perform at RBC Capital
RBC Capital analyst Kenneth Lee resumed coverage of Apollo Investment (AINV) with a Sector Perform rating and $17 price target. The analyst is positive on the company's relationship with Apollo Global Management (APO), which is helpful when conducting due diligence and investment research for potential investment opportunities, but sees its residual non-core assets representing about 15% of the total portfolio as a potential "overhang" to investment yields.

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PCG

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BLRX

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, BD

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ATNX

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Merck

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MRK

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ONCS

OncoSec

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  • 17

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ACB

Aurora Cannabis

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0.02 (0.77%)

, CRON

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CRON

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NFX

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CGC

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BDSI

BioDelivery Sciences

$6.40

-0.065 (-1.01%)

04:55
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  • 17

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AOBC

American Outdoor Brands

$9.23

-0.04 (-0.43%)

, AVCO

Avalon GloboCare

$2.27

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AOBC

American Outdoor Brands

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AVCO

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BBSI

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BNGO

Bionano Genomics

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IRMD

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FC

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NBEV

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EAST

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DCTH

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BOOM

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CLAR

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JRSH

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LOVE

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VERI

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WTER

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WFT

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CNC

Centene

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LYV

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STE

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AMG

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TRIP

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MAC

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LOPE

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LEA

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OAS

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SWN

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UNT

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FTR

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PLAN

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WPX

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$10.92

-0.24 (-2.15%)

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  • 23

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HLIT

Harmonic

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HZNP

Horizon Pharma

$32.84

(0.00%)

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AMRN

Amarin

$24.12

1.12 (4.87%)

17:33
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  • 28

    Dec

THMO

ThermoGenesis

$2.88

(0.00%)

17:31
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AMRN

Amarin

$24.12

1.12 (4.87%)

17:30
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Breaking Hot Stocks news story on Amarin 

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  • 28

    Dec

QTNT

Quotient

$8.60

-0.165 (-1.88%)

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ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

, GVA

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$26.21

-1.335 (-4.85%)

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ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

GVA

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$26.21

-1.335 (-4.85%)

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

, SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

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Oasis, Southwestern to replace Unit Corp., Frontier in S&P 600 at open on 12/23 »

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

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UNT

Unit Corp.

$0.83

-0.0626 (-6.98%)

FTR

Frontier Communications

$0.68

0.0315 (4.84%)

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  • 23

    Mar

AMRN

Amarin

$24.12

1.12 (4.87%)

17:24
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LOPE

Grand Canyon

$89.24

-0.86 (-0.95%)

, LEA

Lear

$129.43

-0.84 (-0.64%)

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Hot Stocks
Grand Canyon, Lear to replace Oasis, Southwestern in S&P 400 at open on 12/23 »

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LOPE

Grand Canyon

$89.24

-0.86 (-0.95%)

LEA

Lear

$129.43

-0.84 (-0.64%)

OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

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RTN

Raytheon

$217.31

-0.93 (-0.43%)

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