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DD

Changed to DWDP

$66.97

0.6 (0.90%)

, DOW

Changed to DWDP

$51.83

0.1 (0.19%)

08:03
10/03/16
10/03
08:03
10/03/16
08:03

DuPont upgraded to Buy from Neutral at Citi

Citi analyst P.J. Juvekar upgraded DuPont (DD) to Buy from Hold citing the opportunity presented by the proposed merger with Dow Chemical (DOW). The analyst also upgraded Dow Chemical to Buy from Hold this morning.

DD

Changed to DWDP

$66.97

0.6 (0.90%)

DOW

Changed to DWDP

$51.83

0.1 (0.19%)

DD Changed to DWDP
$66.97

0.6 (0.90%)

06/28/16
06/28/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. Dow Chemical (DOW) downgraded to Neutral from Overweight at JPMorgan by analyst Jeffrey Zekauskas, citing a lack of near term upside potential amid rising risks of contraction in the major economic regions. Under weakening economic conditions, the market is likely to ask for a higher risk premium or margin of safety in investing in Dow Chemical, Zekauskas said. He cut his price target for the shares to $50 from $57. The analyst also downgraded DuPont (DD) to Neutral from Overweight this morning and lowered his price target for shares to $64 from $73. 2. Tesla (TSLA) downgraded to Hold from Buy at Argus by analyst Bill Selesky, citing the company's "ill-timed" bid to acquire SolarCity (SCTY). The acquisition offer comes at an "inappropriate time" for Tesla, given the company is still struggling to become profitable and it likely lengthens the time it would take for Tesla to do so, Selesky tells investors. The proposed acquisition adds a new level of meaningful risk to Tesla operations as well as potential dilution, the analyst added. 3. Mobileye (MBLY) downgraded to Neutral from Buy at Goldman by analyst Alexander Duval, citing the greater than 60% rise in the shares since February. The analyst remains positive on Mobileye's long-term prospects. He lowered his price target for the shares to $40 from $45. The developer of advanced driver assistance systems closed yesterday down $1.91 to $39.79. 4. WABCO (WBC) downgraded to Neutral from Overweight at Piper Jaffray by analyst Alexander Potter, saying the company has the highest European exposure in his coverage universe at 55% of 2015 revenue. With all the uncertainty in Europe following the Brexit vote, it's hard to trust out-year estimates, Potter tells investors in a research note. He cut his price target for WABCO shares to $94 from $124. Potter this morning also downgraded Navistar (NAV) to Neutral from Overweight and Meritor (MTOR) to Underweight from Neutral. WABCO was also downgraded to Neutral from Buy at Goldman this morning. Analyst Steve Song, who lowered his price target to $95 from $105, cut WABCO 2017-18 earnings estimates given WABCO's European truck market exposure, which is 60% of sales. 5. DISH (DISH) downgraded to Sell from Neutral at MoffettNathanson. The firm believes that DISH's ability to monetize its spectrum is limited, since none of the major telecom companies has enough funds to buy all or most of the spectrum. The firm thinks that many on the Street may be overestimating the value of the company's spectrum. It expects "downward pressure" on the stock to increase as investors begin to question whether DISH can sell its spectrum. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/16
BERN
07/06/16
NO CHANGE
BERN
Dow Chemical, DuPont valuation attractive even in a recession, says Bernstein
Bernstein reports that some investors are worried that Brexit will trigger a recession, and have noted that the shares of Dow (DOW) and DuPont (DD) dove 845 and 64%, respectively, from February 2008 through February 2009. However, the firm says that Dow had just acquired Rohm & Haas before the recession and barely escaped bankruptcy, while the U.S. was a high cost producer of ethylene in 2008 and has subsequently become a low cost producer of the product. Bernstein estimates that , following the planned merger of Dow and DuPont, the combined company's EBITDA would reach $15.5B in 2018 if a recession occurs, The firm says that this corresponds to an attractive EBITDA multiple of 8,.5.
07/06/16
SUSQ
07/06/16
NO CHANGE
SUSQ
Jury ruling a significant setback for Chemours, says Susquehanna
After a jury found that DuPont (DD) is liable in a case evaluating whether drinking water tainted with C8, a chemical used in the manufacturing of Teflon, caused a plaintiff's testicular cancer, Susquehanna called the ruling a significant setback for Chemours (CC). The jury not only awarded compensatory damages, but also determined that punitive damages are warranted, noted the firm, which pointed out that Chemours is the real party at risk, as it must indemnify DuPont for all of these PFOA litigation damages, with this trial representing only the third of 3,512 personal injury and 30 wrongful death cases facing the companies. Chemours shares are near their session lows, down about 19% in late afternoon trading following news of the jury ruling.
08/31/16
BERN
08/31/16
NO CHANGE
BERN
Potash, Agrium deal would be very logical, says Bernstein
After Bloomberg reported that Potash (POT) and Agirum (AGU) are in advanced talks about merging, Bernstein analyst Jonas Oxgaard says that the merger would "make a lot of sense." He predicts that the deal would be a merger of equals that would be similar to the merger between Dow Chemical (DOW) and DuPont (DD). The analyst thinks there is a high likelihood of a deal taking place, and he keeps Outperform ratings on Potash and Agrium.
DOW Changed to DWDP
$51.83

0.1 (0.19%)

07/29/16
JPMS
07/29/16
UPGRADE
Target $60
JPMS
Overweight
Dow Chemical upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas upgraded Dow Chemical to Overweight saying global demand is "holding up generally well" following the company's Q2 results. He continues to believe that Dow/DuPont "will be a large free cash generator." The analyst raised his price target for the shares to $60 from $50.
07/29/16
07/29/16
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. Dow Chemical (DOW) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying global demand is "holding up generally well" following the company's second quarter results. 2. Molson Coors (TAP) upgraded to Buy from Neutral at Citi with analyst Wendy Nicholson citing the recent pullback in the shares. 3. Oshkosh (OSK) upgraded to Outperform from Sector Perform at RBC Capital with analyst Seth Weber saying he believes that the outlook for the company's Acess equipment and defense units has improved. 4. Pinnacle Foods (PF) upgraded to Buy from Hold at Stifel. 5. Western Digital (WDC) upgraded to Outperform from Neutral at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

$NSD

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GE

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ICPT

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SNAP

Snap

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YELP

Yelp

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  • 03

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ICPT

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Conference/Events
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PSTG

Pure Storage

$15.32

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  • 07

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NLSN

Nielsen

$40.48

0.06 (0.15%)

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CBS

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  • 27

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ALNY

Alnylam

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ESRX

Express Scripts

$61.82

0.82 (1.34%)

, NVS

Novartis

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NVS

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ALNY

Alnylam

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MTX

Minerals Technologies

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HOG

Harley-Davidson

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ICPT

Intercept

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HCA

HCA Holdings

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ILG

ILG

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, VAC

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MO

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BTI

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$NSD

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