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FTS

Fortis

$39.58

-0.335 (-0.84%)

06:24
11/26/19
11/26
06:24
11/26/19
06:24

Fortis announces C$1.1B offering of common shares

Fortis has entered into an agreement with a syndicate of underwriters led by Scotia Capital Inc., CIBC Capital Markets and RBC Capital Markets, pursuant to which the Underwriters have agreed to purchase from Fortis, on a "bought deal" basis, and sell to the public, 11,510,000 common shares of Fortis at a price of C$52.15 per Common Share, resulting in gross proceeds for Fortis of C$600 million.

  • 13

    Feb

FTS Fortis
$39.58

-0.335 (-0.84%)

08/22/19
08/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Toll Brothers (TOL) downgraded to Market Perform from Outperform at Wells Fargo with analyst Truman Patterson saying although the shares trade at roughly Book Value, he believes the equity lacks a catalyst over the near-to-intermediate term to drive outperformance. 2. SQM (SQM) downgraded to Underweight from Neutral at JPMorgan with analyst Lucas Ferreira citing significant exposure to the deteriorating Chinese market. 3. Fortis (FTS) downgraded to Neutral from Outperformer at CIBC. 4. Splunk (SPLK) downgraded to Neutral from Outperform at Baird with analyst Rob Oliver citing the company's meaningful OCF reduction that stems from the accelerating move to ratable business and reducing up-front invoice durations. 5. Hemispherx (HEB) downgraded to Hold from Buy at Maxim with analyst Jason McCarthy citing capital concerns. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/11/19
BMOC
09/11/19
DOWNGRADE
BMOC
Market Perform
Fortis downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Ben Pham downgraded Fortis to Market Perform from Outperform with an unchanged price target of C$55. The analyst believes the current valuation already reflects the company's positive fundamentals. He only sees "modest" total return potential of 3% from here with the stock up 32% over the last year.
09/11/19
09/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dave & Buster's (PLAY) downgraded to Market Perform from Outperform at William Blair and Raymond James, and to Hold from Buy at Loop Capital. 2. Fortis (FTS) downgraded to Market Perform from Outperform at BMO Capital with analyst Ben Pham saying he believes the current valuation already reflects the company's positive fundamentals. 3. Royal Dutch Shell (RDS.A, RDS.B) downgraded to Hold from Buy at HSBC. 4. HD Supply (HDS) downgraded to Neutral from Buy at Buckingham and to Neutral from Outperform at Baird. 5. Costco (COST) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh 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.
10/10/19
WOLF
10/10/19
INITIATION
Target $45
WOLF
Peer Perform
Fortis initiated with a Peer Perform rating at Wolfe Research
Wolfe Research initiated Fortis with a Peer Perform and $45 price target.

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BOOT

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ERIC

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BXRX

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LMT

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RZLT

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MGTA

Magenta Therapeutics

$13.29

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