UPDATE - Barclays Upgraded Tyco International (TYC) to Overweight; Shareholders' Value Catalyzed
Get Alerts TYC Hot Sheet
Price: $45.59 --0%
Rating Summary:
9 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
9 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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UPDATE - Barclays upgraded Tyco International (NYSE: TYC) from Equalweight to Overweight, price target raised from $54 to $64.
Analyst, Scott R. Davis, said, "Flow asset was the biggest question in our view (and least attractive stand-alone asset), and the effective sale with attractive economics structurally improves the TYC risk profile into the spin, in our view. Stock should be up far more today than it is trading given de-risk & increase in attractiveness."
Davis said shareholders should now realize the benefit of sum-of-the parts for this story. Owning stocks with downside risk protection is key in our current market, and Davis feels TYC is now at the top of that list.
NOTE - last night Tyco announced it would merge its Flow Control business with Pentair (NYSE: PNR) in a spin-off business.
To see more ratings on TYC, Click Here
Analyst, Scott R. Davis, said, "Flow asset was the biggest question in our view (and least attractive stand-alone asset), and the effective sale with attractive economics structurally improves the TYC risk profile into the spin, in our view. Stock should be up far more today than it is trading given de-risk & increase in attractiveness."
Davis said shareholders should now realize the benefit of sum-of-the parts for this story. Owning stocks with downside risk protection is key in our current market, and Davis feels TYC is now at the top of that list.
NOTE - last night Tyco announced it would merge its Flow Control business with Pentair (NYSE: PNR) in a spin-off business.
To see more ratings on TYC, Click Here
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