DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Nelson Peltz's - 1 David Togut - 1 Broadridge - 1 Togut - 1 Evercore - 1 Peltz - 1 Trian - 1 Ike Perlmutter - 1
Top related locs:
Top related orgs:
Disney - 1 Procter & Gamble - 1 Marvel Entertainment - 1 Evercore ISI - 1

Search resuls for: "Togut"


2 mentions found


☆ This unusual company that cashes in on boardroom brawls is set for windfall from Disney-Peltz fight
  + stars: | 2023-12-05 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Broadridge Financial Solutions , which provides proxy services for big corporations during boardroom brawls, could generate as much as $50 million in event-driven revenue from the Peltz-Disney war, according to Evercore ISI analyst David Togut. During Trian's 2017 proxy battle against Procter & Gamble, the consumer giant paid about $60 million to Broadridge for proxy service, Togut said. Evercore ISI said a company's retail investor base is the best representation for Broadridge's revenue. Since Disney has 81% of the retail shares P & G has, it estimated that Broadridge could make up to $50 million from the proxy war. Evercore ISI set an outperform rating on Broadridge and raised its 12-month price target to $230 from $226.
Persons: Nelson Peltz's, David Togut, Broadridge, Togut, Evercore, Peltz, Trian, Ike Perlmutter, Bob Iger, — CNBC's Michael Bloom Organizations: Disney, Procter & Gamble, Marvel Entertainment, Evercore ISI
☆ Evercore ISI downgrades Block to underperform and slashes price target, citing growing headwinds in payments
  + stars: | 2022-09-14 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
Increased competition Competition in the payments space is heating up and could be a headwind for Block. In addition, given expectations for a U.S. economic slowdown, Evercore ISI now sees Block's profit growth rate continuing to decline from the second half of this year through 2024. "While cross-selling Afterpay within Seller and Cash App should help, these headwinds should sustain through 2023E," Togut said. "2022E-2024E, we forecast Afterpay's gross profit growth rate will average 13%, down from 83% and 72% in 2020 and 2021, respectively." Cash App is a different story, as Evercore ISI sees it growing gross profit in the coming quarters by utilizing new products and cross-selling.
0 next >>
Total: 2