New LBO Screen Comes Up With Names Like Best Buy (BBY) and 99 Cents Only Stores (NDN)
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Price: $43.51 --0%
Rating Summary:
1 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Deutsche Bank updated their LBO screen in the retail sector following recent takeover activity in the space, including yesterday's J.Crew (NYSE: JCG) deal.
Best Buy (NYSE: BBY) is a Buy-rated name at Deutsche Bank and ranked #4 on the screen. A potential takeover price for Best Buy in a LBO could be $58, suggesting a 30% premium.
Other Buy-rated retail stocks that screen high on the firm's LBO list are 99 Cents Only Stores (NYSE: NDN), Family Dollar (NYSE: FDO), and Big 5 Sporting Goods (Nasdaq: BGFV).
Ranked No. 1 on the LBO list is RadioShack (NYSE: RSH), but this stocks is rated Hold due to various risks.
The ranking of the top 7 stocks, which provide at least a 20% premium to the current share price, is as follows:
1. RadioShack (NYSE: RSH) (Hold) - potential price $30
2. Big Five Sporting Goods (Nasdaq: BGFV) (Buy) - potential price $17
3. OfficeMax (NYSE: OMX) (Hold) - potential price $22
4. Best Buy (NYSE: BBY) (Buy)- potential price $58
5. 99 Cents Only Stores (NYSE: NDN) (Buy) - potential price $20
6. Bed Bath & Beyond (Nasdaq: BBBY) (Hold) - potential price $53
7. Family Dollar (NYSE: FDO) (Buy) - potential price $60
Best Buy (NYSE: BBY) is a Buy-rated name at Deutsche Bank and ranked #4 on the screen. A potential takeover price for Best Buy in a LBO could be $58, suggesting a 30% premium.
Other Buy-rated retail stocks that screen high on the firm's LBO list are 99 Cents Only Stores (NYSE: NDN), Family Dollar (NYSE: FDO), and Big 5 Sporting Goods (Nasdaq: BGFV).
Ranked No. 1 on the LBO list is RadioShack (NYSE: RSH), but this stocks is rated Hold due to various risks.
The ranking of the top 7 stocks, which provide at least a 20% premium to the current share price, is as follows:
1. RadioShack (NYSE: RSH) (Hold) - potential price $30
2. Big Five Sporting Goods (Nasdaq: BGFV) (Buy) - potential price $17
3. OfficeMax (NYSE: OMX) (Hold) - potential price $22
4. Best Buy (NYSE: BBY) (Buy)- potential price $58
5. 99 Cents Only Stores (NYSE: NDN) (Buy) - potential price $20
6. Bed Bath & Beyond (Nasdaq: BBBY) (Hold) - potential price $53
7. Family Dollar (NYSE: FDO) (Buy) - potential price $60
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