Monday Deal Frenzy.

    Morning Need to Know

    Good morning

    CANADIAN ANALYSTS’ CALLS

    goeasy (TSX:GSY)

    Raymond James is adding the alternative lender, and a big winner for us as an investment idea, to its Canadian Analyst Current Favourites list as an "outperform" and lifts the target to $67.50 (Canadian) from $60.

    HEXO (TSX:HEXO)

    Echelon Wealth raises the target to $10 from $7.25 and reiterates "speculative buy".

    Mediagrif Interactive (TSX:MDF) is raised to "buy" at Acumen Capital.

    Bombardier (TSX:BBD.B)

    CIBC reiterates "outperformer" and target of $6 saying its confident the company's Transportation division will meet 2020 targets after touring the Mannheim facility and talking with management.

    U.S. ANALYSTS’ CALLS

    INITIATIONS

    Advanced Micro Devices (NYSE:AMD)

    RBC starts coverage with an "outperform" and a price target of $40 (U.S.) saying its thesis is based on: "1) solid server share gains; 2) continued demand for gaming chips; and 3) notable operating margin leverage."

    Blackstone Group (NYSE:BX)

    Morgan Stanley ups the target to $48 from $42.

    STOCKS THAT MAY MOVE

    Village Farms International (TSX:VFF) is raising $20 million (Canadian) in a boughtdeal ofering of common shares through a syndicate of underwriters led by Beacon Securities, which is buying 2.8 million shares at $7.13 each. The stock closed Friday at $7.79.

    Namaste Technologies (TSXV:N) says its Cannmart subsidiary has received its long-awaited medical cannabis “sales-only” license, which the company says is the first of its kind to be issued by Health Canada.

    Namaste calls the license... "the most significant milestone in the history of the company"... "and is the final component of its strategy for Cannmart to become Canada’s leading online platform for medical cannabis."

    Canopy Growth (TSX:WEED;NYSE:CGC)

    Scotttrades points out this morning the company has applied to trademark Chronic by Dre, as in famous rap mogul Dr. Dre.

    Comcast (NASDAQ:CMCSA).

    Oodles of deals today as Comcast has won the day over Twenty-First Century Fox, with a superior $40 billion (U.S.) bid for UK pay television giant Sky, in a rarely used auction.

    Barrick Gold (TSX:ABX;NYSE:ABX).

    Just days after saying the company was not interested in big deals, Barrick is creating the world's largest gold miner in value and output by buying Africa-focused Randgold for $18.3 billion (Canadian) in stock. ABX is up about 4% premarket.

    Empire & Co. (TSX:EMP.A) is buying Farm Boy for $800 million. Watch Organic Garage (TSXV:OG) today as it's a similar but much smaller organic grocer.

    Sirius XM (NASDAQ:SIRI) is buying Pandora Media for $3.5 billion (U.S.) in stock.

    Dell Technologies (NYSE:DVMT), which currently trades as a tracking stock to Vmware, is considering an initial public offering.

    Michael Kors (NYSE:KORS) will take control of fashion house Versace for about $2 billion, according to Reuters.

    With files from The Globe and Mail, Reuters and Bloomberg News.

    MARKETS

    TSX and U.S. equity futures are pointing to a lower open as the U.S. and China slap new tarifs on each other. U.S. indices finished Friday at record highs.

    The U.S. Federal Open Market Committee is expected to raise interest rates this week.

    CURRENCIES

    The Canadian dollar is basically flat at $77.38 U.S.

    Bitcoin is down 1.3% to $6,612.

    COMMODITIES WHAT WE’RE READING

    West Texas Intermediate is at a four-year high at $72.18 a barrel (U.S.) as OPEC and Russia over the weekend refused to meet Donald Trump’s call for higher output to lower prices.

    Commodity merchants Trafigura and Mercuria say oil prices could exceed $100 by the end of this year or early 2019 as sanctions against Iran hinder supply, according to Reuters.

    Gold is 0.3% to $1,204.00 an ounce.

    WHAT WE’RE READING

    Behind the debt binge that threatens markets. Excellent article with great charts by Bloomberg News.

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