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DDD

3D Systems

$17.82

-0.13 (-0.72%)

, CCL

Carnival

$49.31

0.49 (1.00%)

10:20
10/03/16
10/03
10:20
10/03/16
10:20

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. 3D Systems (DDD) coverage transferred with a Market Perform at FBR Capital. 2. Carnival (CCL) initiated with a Buy at HSBC. 3. GoDaddy (GDDY) initiated with a Buy at Summit Redstone. 4. Versum Materials (VSM) initiated with a Buy at Seaport Global. 5. ExOne (XONE) coverage transferred with an Outperform at FBR Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

DDD

3D Systems

$17.82

-0.13 (-0.72%)

CCL

Carnival

$49.31

0.49 (1.00%)

GDDY

GoDaddy

$35.16

0.63 (1.82%)

VSM

Versum Materials

$22.66

-0.045 (-0.20%)

XONE

ExOne

$15.22

0.15 (1.00%)

DDD 3D Systems
$17.82

-0.13 (-0.72%)

09/15/16
KEYB
09/15/16
NO CHANGE
KEYB
3D printer, robot companies can benefit from manufacturing trend, says KeyBanc
After attending a manufacturing technology show, KeyBanc expects "short-cycle" OEMs to "remain focused on cost savings and efficiency improvement." 3D printing and "collaborative robot" systems can help meet this goal, according to the firm. The trend is positive for 3D Systems (DDD), Stratasys (SSYS), Materialise (MTLS), and Teradyne (TER), according to the firm. It keeps an Overweight rating on Materialise and Sector Weight ratings on the remaining companies named.
08/03/16
PIPR
08/03/16
NO CHANGE
Target $10.5
PIPR
Underweight
3D Systems post-earnings rise mostly due to short covering, says Piper Jaffray
Piper Jaffray analyst Troy Jensen noted that significant cost cutting helped 3D Systems (DDD) exceed earnings expectations, but that its revenues were still below the consensus view as the company had a 30% year-over-year decline in system sales. Jensen believes the post-earnings strength in the stock is primarily related to short covering and he continues to see material downside for the shares, as he thinks the company will be challenged to sell industrial printers due to the entrance of HP (HPQ) and Carbon3D. He reiterates an Underweight rating on 3D shares, but raised his price target to $10.50 from $10.25 on the stock.
10/03/16
FBRC
10/03/16
INITIATION
Target $18
FBRC
Market Perform
3D Systems coverage transferred with a Market Perform at FBR Capital
FBR Capital transferred coverage on 3D Systems to analyst Christopher Van Horn who has a Market Perform rating and a $18 price target on shares.
08/04/16
PACS
08/04/16
NO CHANGE
PACS
3D Systems strategy 'underwhelming,' says Pacific Crest
After 3D Systems reported higher than expected EPS but lower than expected revenue, Pacific Crest analyst Weston Twigg says he's skeptical of the company's strategy of creating a closed 3D printing ecosystem, aprtly because of the company's limited R&D budget and his belief that customers will try to find best-in-class providers in each segment. However, the analyst says that 3D Systems' analyst event next month could provide a positive catalyst for the stock. He keeps a Sector Weight rating on the shares.
CCL Carnival
$49.31

0.49 (1.00%)

10/03/16
HSBC
10/03/16
INITIATION
Target $60
HSBC
Buy
Carnival initiated with a Buy at HSBC
HSBC analyst Lena Thakkar initiated Carnival with a Buy and a $60 price target. The analyst said management has made significant strides in revenue management and cost discipline and sees signficant upside to yields. Further, Thakkar said China and fuel concerns seem overdone and expects shares to rerate on management's emphasis on 10% ROIC target.
09/29/16
09/29/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Owens Corning (OC) initiated with a Market Perform at Wells Fargo. 2. Kate Spade (KATE) was initiated with an Outperform at CLSA, while the firm initiated Coach (COH) with a Buy and Michael Kors (KORS) with a Sell. 3. RetailMeNot (SALE) and Groupon (GRPN) initiated with a Neutral at Boenning & Scattergood. 4. Carnival (CCL) initiated with a Hold at Deutsche Bank. 5. D.R. Horton (DHI) initiated with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/29/16
DBAB
09/29/16
INITIATION
Target $48
DBAB
Hold
Carnival initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Chris Woronka started Carnival with a Hold rating and $48 price target. Cautious investor sentiment and industry capacity concerns are likely to limit near-term upside in the cruise line space, Woronka tells investors in a research note.
09/08/16
BERN
09/08/16
INITIATION
Target $51
BERN
Market Perform
Carnival initiated with a Market Perform at Bernstein
Bernstein analyst David Beckel initiated Carnival with a Market Perform and $51 price target.
GDDY GoDaddy
$35.16

0.63 (1.82%)

10/03/16
SMTR
10/03/16
INITIATION
Target $41
SMTR
Buy
GoDaddy initiated with a Buy at Summit Redstone
Summit Redstone analyst Jonathan Kees initiated GoDaddy with a Buy and a $41 price target.
08/08/16
PIPR
08/08/16
NO CHANGE
Target $38
PIPR
Overweight
GoDaddy opportunities internationally 'loom large,' says Piper Jaffray
Piper Jaffray analyst Samuel Kemp sees GoDaddy's largest international opportunities in India, China, and Brazil. He believes the three countries alone could add as many as 14M-16M domains to GoDaddy's portfolio of 63M managed domains over the next five years. On the Q2 earnings call, the company's new CFO indicated he looks to double GoDaddy's size over the next four years, Kemp points out to investors in a research note. He reiterates an Overweight rating on the stock with a $38 price target.
09/26/16
OPCO
09/26/16
NO CHANGE
OPCO
Outperform
Oppenheimer 'increasingly confident' on GoDaddy long-term strategy
Oppenheimer analyst Jason Helfstein is "increasingly confident" of GoDaddy's long-term strategy and value creation after meeting with the company's management. The analyst expects annual average revenue per customer, or ARPU, to be the main driver of top-line growth, driven by attachment opportunities and product expansions. Helfstein believes the shares appear attractive given the focus on free cash flow generation and under-leveraged capital structure. He reiterates an Outperform rating on the shares.
09/19/16
PIPR
09/19/16
NO CHANGE
Target $40
PIPR
Overweight
Piper ups GoDaddy target to $40 after meeting with management
Piper Jaffray analyst Samuel Kemp raised his price target for GoDaddy (GDDY) to $40 from $38 after traveling with management. Concerns over the impact from Wix.com (WIX) and other do-it-yourself competitors are misplaced and unlikely to have a significant impact on GoDaddy's growth outlook, Kemp tells investors in a research note. He views GoDaddy as the the best positioned player in SMB internet services and keeps an Overweight rating on the shares.
VSM Versum Materials
$22.66

-0.045 (-0.20%)

10/03/16
MSCO
10/03/16
INITIATION
Target $24
MSCO
Equal Weight
Versum Materials initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Neel Kumar initiated Versum Materials with an Equal Weight and a $24 price target. The analyst views the current 11x multiple as an appropriate valuation level given expectations for 10% earnings CAGR in 2016-2018.
10/03/16
FBCO
10/03/16
INITIATION
Target $27
FBCO
Outperform
Versum Materials initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kieran de Brun initiated Versum Materials with an Outperform and a a $27 price target. The analyst said Versum has best-in-class margins, leading technology that strategically integrates its platform with customers to benefit from secular growth trends in the semiconductor industry, and the ability to pursue accretive M&A due to robust free cash flow generation.
09/28/16
KEYB
09/28/16
INITIATION
Target $30
KEYB
Overweight
Versum Materials initiated with an Overweight at KeyBanc
KeyBanc analyst Michael Sison started Versum Materials with an Overweight rating and $30 price target. Versum offers a "high quality" specialty chemical company that is leveraged to the semiconductor industry, Sison tells investors in a research note.
10/03/16
GHSC
10/03/16
INITIATION
Target $29
GHSC
Buy
Versum Materials initiated with a Buy at Seaport Global
Seaport analsyt Michael Harrison initiated Versum Materials with a Buy and a $29 price target given sustainable margin improvement, secular growth opportunities, and potential value creation through consolidation. Versum's volumes should grow with semiconductor demand, which is becoming less cyclical as applications diversify to include mobility, automotive, industrial, and the Internet of Things, the analyst wrote.
XONE ExOne
$15.22

0.15 (1.00%)

05/16/16
IMPC
05/16/16
NO CHANGE
IMPC
Imperial withdraws rating on ExOne amid 'high volatility'
Imperial Capital analyst Saliq Khan removed his rating and price target for ExOne citing the "high volatility" associated with the shares.
05/24/16
FBRC
05/24/16
INITIATION
Target $14
FBRC
Outperform
ExOne initiated with an Outperform at FBR Capital
Target $14.
06/01/16
PACS
06/01/16
NO CHANGE
PACS
Survey of industrial companies upbeat for 3D printing sector, says Pacific Crest
After surveying a number of industrial companies it covers, Pacific Crest says that over 50% of the companies it surveyed " plan to invest substantially in 3D printing capabilities," while "many companies" expect 3D printing to be used for production within five years. Moreover, "most companies didn't agree that 3D printing was overhyped," the firm stated. However, the firm adds that survey participants expressed "healthy skepticism" about the technology. Pacific Crest says that the survey results were "slightly positive" for the 3D printing names it covers- 3D Systems (DDD), Stratasys (SSYS), Materialise (MTLS), Proto Labs (PRLB), and ExOne (XONE). The firm continues to identify Materialise as its favorite name in the sector over the near-term.
10/03/16
FBRC
10/03/16
INITIATION
Target $18
FBRC
Outperform
ExOne coverage transferred with an Outperform at FBR Capital
FBR Capital transferred coverage on ExOne to analyst Christopher Van Horn who has an Outperform rating and a $18 price target on shares.

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LMT

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SIX

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