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NOV

National Oilwell

$36.74

-0.12 (-0.33%)

06:43
10/03/16
10/03
06:43
10/03/16
06:43

National Oilwell downgraded to Sell from Neutral at Citi

Citi analyst Scott Gruber downgraded National Oilwell to Sell and cut his price target to $30 from $37 citing recent share strength and expectations estimates will fall materially in Q4 and 2017, compressing the multiple. Gruber reduced his already below Street estimates to reflect a lower bottom in active floating rig count and limited end market improvement.

NOV National Oilwell
$36.74

-0.12 (-0.33%)

04/27/16
04/27/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. JetBlue (JBLU) upgraded to Outperform at Cowen due to the belief that April will be the low point for unit revenue. Cowen cites expectations for slower capacity growth in the second half of 2016, an improved balance sheet and upside to the new credit card agreement. 2. National Oilwell (NOV) upgraded two notches to Overweight at Morgan Stanley by analyst Ole Sloreer, who said negative catalysts are played out with the dividend cut and Sete's bankruptcy filing. The analyst said lack of further negative catalysts, a strong balance sheet, and a trough in Q2 make National Oilwell a top contrarian pick. 3. LyondellBasell (LYB) upgraded to Buy at Nomura citing key commodity products of ethylene/polyethylene and key feedstock, ethane, are approaching peak conditions in 2016 as capacity conditions will outstrip demand. 4. Michael Kors (KORS) upgraded to Overweight at Piper Jaffray by analyst Erinn Murphy, who said she now believes the brand is "holding more stable footing on a global scale." She notes Piper's teen survey highlighted Kors as the top handbag brand and that peer Coach (COH) reported solid Q3 results. 5. Stryker (SYK) upgraded to Buy at Sterne Agee CRT with analyst Gregory Chodaczek saying it deserves a premium multiple given best in space fundamentals and near-term levers to expand margins and bolster sales growth. The analyst believes current valuation is too low given its diversified product portfolio and potential of beating his revenue and earnings estimates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/04/16
SOCG
05/04/16
DOWNGRADE
SOCG
Sell
National Oilwell downgraded to Sell from Hold at Societe Generale
06/13/16
BOFA
06/13/16
INITIATION
Target $26
BOFA
Underperform
National Oilwell reinstated with an Underperform at BofA/Merrill
BofA/Merrill analyst Timna Tanners reinstated National Oilwell with an Underperform and $26 price target.
07/29/16
JRCO
07/29/16
UPGRADE
JRCO
Accumulate
National Oilwell upgraded to Accumulate from Hold at Johnson Rice

TODAY'S FREE FLY STORIES

CVX

Chevron

$104.89

0.01 (0.01%)

07:14
04/24/17
04/24
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07:14
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Chevron to sell Bangladesh gas fields to Himalaya Energy, Reuters says »

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QTS

QTS Realty Trust

$52.90

-0.14 (-0.26%)

07:12
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07:12
Recommendations
QTS Realty Trust analyst commentary  »

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  • 02

    May

CARA

Cara Therapeutics

$16.53

-0.56 (-3.28%)

07:12
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Hot Stocks
Cara Therapeutics announces 'positive' data from Phase 1 trial of CR845 »

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  • 24

    Apr

STLD

Steel Dynamics

$35.37

0.46 (1.32%)

07:10
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07:10
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Steel Dynamics rating change  »

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AKS

AK Steel

$6.72

-0.1 (-1.47%)

07:10
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AK Steel rating change  »

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    Apr

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NUE

Nucor

$60.00

-0.35 (-0.58%)

07:10
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04/24
07:10
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07:10
Upgrade
Nucor rating change  »

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X

U.S. Steel

$30.42

-0.09 (-0.29%)

07:10
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07:10
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U.S. Steel rating change  »

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  • 26

    Apr

AKZOY

AkzoNobel

$27.96

-0.11 (-0.39%)

, PPG

PPG

$105.94

-0.43 (-0.40%)

07:09
04/24/17
04/24
07:09
04/24/17
07:09
Hot Stocks
Breaking Hot Stocks news story on AkzoNobel, PPG »

AkzoNobel confirms third…

AKZOY

AkzoNobel

$27.96

-0.11 (-0.39%)

PPG

PPG

$105.94

-0.43 (-0.40%)

03/08/13
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SAGE

SAGE Therapeutics

$72.82

1.19 (1.66%)

07:09
04/24/17
04/24
07:09
04/24/17
07:09
Hot Stocks
SAGE Therapeutics appoints Michael Cloonan as Chief Business Officer »

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XOMA

XOMA

$7.73

0.26 (3.48%)

07:09
04/24/17
04/24
07:09
04/24/17
07:09
Hot Stocks
XOMA says X213 shown to be safe and effective in phase 2 study »

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  • 18

    May

AMDA

Amedica

$0.38

0.01 (2.70%)

07:08
04/24/17
04/24
07:08
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07:08
Hot Stocks
Amedica announces regulatory clearance to market, sell Valeo in Australia »

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HSBC

HSBC

$39.94

-0.09 (-0.22%)

, JPM

JPMorgan

$84.52

-1.03 (-1.20%)

07:07
04/24/17
04/24
07:07
04/24/17
07:07
Periodicals
HSBC selected to advise on $100B Aramco IPO, Reuters reports »

HSBC (HSBC) has been…

HSBC

HSBC

$39.94

-0.09 (-0.22%)

JPM

JPMorgan

$84.52

-1.03 (-1.20%)

MS

Morgan Stanley

$41.80

-0.7 (-1.65%)

03/08/13
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03/06/13
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  • 26

    Apr

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    Oct

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    Apr

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    Oct

AKER

Akers Biosciences

$1.80

0.1 (5.88%)

07:07
04/24/17
04/24
07:07
04/24/17
07:07
Hot Stocks
Akers Biosciences says digital apps approved by Apple Store »

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DHT

DHT Holdings

$4.60

-0.05 (-1.08%)

07:07
04/24/17
04/24
07:07
04/24/17
07:07
Hot Stocks
DHT Holdings announces delivery of two VLCCs from BW Group »

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SFR

Colony Starwood Homes

$34.82

0.12 (0.35%)

07:07
04/24/17
04/24
07:07
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07:07
Initiation
Colony Starwood Homes initiated  »

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  • 09

    May

  • 15

    May

AKZOY

AkzoNobel

$27.96

-0.11 (-0.39%)

, PPG

PPG

$105.94

-0.43 (-0.40%)

07:06
04/24/17
04/24
07:06
04/24/17
07:06
Hot Stocks
AkzoNobel says will 'carefully review' PPG's third unsolicited proposal »

Akzo Nobel N.V. (AKZOY)…

AKZOY

AkzoNobel

$27.96

-0.11 (-0.39%)

PPG

PPG

$105.94

-0.43 (-0.40%)

03/08/13
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PLYA

Playa Hotels & Resorts

$10.26

-0.04 (-0.39%)

07:06
04/24/17
04/24
07:06
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07:06
Initiation
Playa Hotels & Resorts initiated  »

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  • 09

    May

FLR

Fluor

$50.58

0.09 (0.18%)

, BP

BP

$34.00

-0.15 (-0.44%)

07:06
04/24/17
04/24
07:06
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07:06
Hot Stocks
Fluor awarded offshore compression platform FEED by BP »

Fluor (FLR) announced…

FLR

Fluor

$50.58

0.09 (0.18%)

BP

BP

$34.00

-0.15 (-0.44%)

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  • 04

    May

PRTK

Paratek Pharmaceuticals

$22.00

0.4 (1.85%)

07:05
04/24/17
04/24
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07:05
Hot Stocks
Paratek, Zai Lab announce collaboration for Omadacycline in China »

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PRTK

Paratek Pharmaceuticals

$22.00

0.4 (1.85%)

07:04
04/24/17
04/24
07:04
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07:04
Hot Stocks
Paratek highlights potential for omadacycline to provide cost savings vs. SOC »

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BWLD

Buffalo Wild Wings

$161.75

-2 (-1.22%)

07:04
04/24/17
04/24
07:04
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07:04
Hot Stocks
Buffalo Wild Wings announces filing of proxy materials »

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  • 26

    Apr

GWW

Grainger

$195.15

-0.81 (-0.41%)

07:04
04/24/17
04/24
07:04
04/24/17
07:04
Downgrade
Grainger rating change  »

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  • 26

    Apr

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    Oct

  • 24

    Jan

ATEC

Alphatec

, CAE

CAE

$15.21

-0.06 (-0.39%)

07:04
04/24/17
04/24
07:04
04/24/17
07:04
Conference/Events
American Association of Neurological Surgeons to hold annual meeting »

2017 AANS Annual…

ATEC

Alphatec

CAE

CAE

$15.21

-0.06 (-0.39%)

EDGE

Edge Therapeutics

$9.02

-0.02 (-0.22%)

MDT

Medtronic

$80.48

-0.54 (-0.67%)

NUVA

NuVasive

$75.02

-0.68 (-0.90%)

SYK

Stryker

$132.94

0.18 (0.14%)

VRTX

Vertex

$116.70

-0.56 (-0.48%)

SYNA

Synaptics

$50.76

-0.34 (-0.67%)

NVIV

InVivo Therapeutics

$3.90

-0.35 (-8.24%)

LMAT

LeMaitre

$25.14

-0.23 (-0.91%)

MZOR

Mazor Robotics

$35.68

0.64 (1.83%)

OFIX

Orthofix

$38.95

0.33 (0.85%)

SSNLF

Samsung

SIEGY

Siemens

$67.34

-0.197 (-0.29%)

SNE

Sony

$33.68

0.85 (2.59%)

03/08/13
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03/06/13
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03/06/13
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  • 25

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    Apr

  • 02

    May

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    May

  • 03

    May

  • 18

    May

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    May

  • 25

    May

  • 06

    Jun

AMRI

Albany Molecular

$15.82

0.04 (0.25%)

07:04
04/24/17
04/24
07:04
04/24/17
07:04
Hot Stocks
Denovo obtains license to Albany Molecular's liafensine »

Denovo Biopharma…

03/08/13
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  • 06

    Jun

OPB

Opus Bank

$20.80

0.6 (2.97%)

07:03
04/24/17
04/24
07:03
04/24/17
07:03
Earnings
Opus Bank reports Q1 EPS ex-items 24c, consensus 27c »

Reports Q1 book value per…

03/08/13
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03/08/13
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03/06/13
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  • 24

    Apr

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    May

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