Stock Split

UBS in a note delved on Delphi Automotive PLC (NYSE: DLPH) and its plan to spin off its Powertrain business, which it announced May 3. The firm looked into whether the breakup upside is fully priced in the stock. The spinoff is expected to be complete in the first quarter of 2018. Amid this...

Wells Fargo Securities said La Quinta Holdings Inc (NYSE: LQ) shares could be worth $22 per share after the 2018 spinoff of its real estate to a newly formed REIT. The price target represents roughly 27 percent upside from current levels. As such, the firm upgraded shares of La Quinta from...

Some of the stocks that may grab investor focus today are: Wall Street expects Ascena Retail Group Inc (NASDAQ: ASNA) to post a quarterly loss at $0.03 per share on revenue of $1.57 billion after the closing bell. Ascena Retail shares declined 0.47 percent to close at $2.10 on Friday....

Argus said in a note Thursday near-term headwinds abound for Brighthouse Financial Inc (NASDAQ: BHF), which was spun off from Metlife Inc (NYSE: MET) in August 2017. As such, Argus initiated coverage of Brighthouse with a Hold rating. The firm noted that the company's shares have...