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ALK

Alaska Air

$68.50

1.41 (2.10%)

, MPC

Marathon Petroleum

$41.59

0.63 (1.54%)

09:55
10/04/16
10/04
09:55
10/04/16
09:55

Early notable gainers among liquid option names on October 4th

Notable gainers among liquid option names this morning include Alaska Air Group (ALK) $68.99 +1.90, MPC (MPC) $42.07 +1.13, CBS (CBS) $56.08 +1.14, Bed Bath and Beyond (BBBY) $43.89 +0.89, and Signet (SIG) $77.06 +1.49.

ALK

Alaska Air

$68.50

1.41 (2.10%)

MPC

Marathon Petroleum

$41.59

0.63 (1.54%)

CBS

CBS

$55.78

0.85 (1.55%)

BBBY

Bed Bath & Beyond

$42.99

-0.12 (-0.28%)

SIG

Signet Jewelers

$76.23

0.51 (0.67%)

ALK Alaska Air
$68.50

1.41 (2.10%)

08/11/16
MSCO
08/11/16
NO CHANGE
Target $85
MSCO
Overweight
Alaska Air a top pick going into year-end at Morgan Stanley
Morgan Stanley analyst Rajee Lalwani said Alaska Air offers substantial upside into year end with favorable near-term pricing, more manageable supply into 2017, and material accretion from the Virgin acquisition into 2017. The analyst said Alaska is deserving of a much higher multiple and is a top pick into year end. Lalwani rates Alaska Air an Overweight with an $85 price target on shares.
07/27/16
07/27/16
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. Apple (AAPL) upgraded to Outperform from Market Perform at Raymond James with analyst Tavis McCourt saying he expects a "long, slow re-rating" of the shares as the iPhone maker shifts to a consumer staple. 2. Linear Technology (LLTC) upgraded to Neutral from Sell at Citi, to Sector Weight from Underweight at Pacific Crest, and to Market Perform from Underperform at Raymond James. 3. Analog Devices (ADI) upgraded to Outperform from Perform at Oppenheimer, to Overweight from Equal Weight at Morgan Stanley, to Buy from Hold at Evercore ISI, and to Neutral from Sell at Goldman. 4. Alaska Air (ALK) upgraded to Overweight from Neutral at JPMorgan with analyst Jamie Baker saying the shares at current levels are "simply too cheap to ignore." 5. Chesapeake (CHK) upgraded to Accumulate from Hold at Johnson Rice. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/27/16
JPMS
07/27/16
UPGRADE
Target $78.5
JPMS
Overweight
Alaska Air upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jamie Baker upgraded Alaska Air Group (ALK) to Overweight saying the shares at current levels are "simply too cheap to ignore." The analyst highlights the company's "exemplary capital stewardship" and labor cost control in recent years. He raised his price target for the shares to $78.50 from $72.50. Baker this morning also downgraded Southwest Airlines (LUV) to Neutral.
09/23/16
IMPC
09/23/16
INITIATION
Target $47
IMPC
In-Line
Alaska Air initiated with an In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin started Alaska Air Group with an In-Line rating and $47 price target. The stock "may tread water" during the merger integration process, Derchin tells investors in a research note.
MPC Marathon Petroleum
$41.59

0.63 (1.54%)

07/13/16
LEHM
07/13/16
DOWNGRADE
Target $86
LEHM
Equal Weight
Phillips 66 downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Paul Cheng downgraded Phillips 66 (PSX) to Equal Weight saying he sees limited upside from current share levels. The analyst sees greater upside to large-cap peers Tesoro (TSO), Valero (VLO) and Marathon Petroleum (MPC) when refining margins start to rebound. He lowered his price target for Phillips 66 to $86 from $93.
09/21/16
WELS
09/21/16
DOWNGRADE
WELS
Market Perform
Delek US downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Roger Read downgraded Delek US (DK) to Market Perform saying the recent rally in the shares has limited the near-term return potential. The analyst raised his price target range for the stock to $17-$19 from $16-$17. In Refining, Read calls Valero (VLO) and Marathon Petroleum (MPC) his top picks among the large caps and PBF Energy (PBF) his top pick among the small caps.
08/23/16
JEFF
08/23/16
INITIATION
JEFF
Buy
Marathon Petroleum initiated with a Buy at JefferiesMPLX
Jefferies analyst Corey Goldman initiated Marathon Petroleum (MPC) with a Buy rating and $48 price target, citing the potential for ongoing M&A in the MLP space as well as the significant asset drop-down inventories at MPLX (MPLX). Goldman also initiated MPLX with a Hold rating as he launched coverage on the U.S. refining sector.
08/23/16
08/23/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Talend (TLND) initiated with an Equal Weight at Barclays, a Neutral at Goldman, a Neutral at Citi, a Neutral at JPMorgan, and an Outperform at William Blair. 2. BJ's Restaurants (BJRI), Brinker (EAT), Buffalo Wild Wings (BWLD), Chipotle (CMG), McDonald's (MCD), Cheesecake Factory (CAKE), Fogo De Chao (FOGO) were initiated with a Hold at Canaccord while the firm initiated Dave & Buster's (PLAY) and Panera Bread (PNRA) with a Buy. 3. Valero (VLO) and Marathon Petroleum (MPC) were initiated with a Buy at Jefferies, which also started coverage on Phillips 66 (PSX) with a Hold rating. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
CBS CBS
$55.78

0.85 (1.55%)

09/22/16
09/22/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CBS (CBS) downgraded to Market Perform from Outperform at Telsey Advisory with analyst Tom Eagan saying that CBS will probably merge with Viacom (VIA, VIAB). 2. Jabil Circuit (JBL) downgraded to Hold from Buy at Needham with analyst Sean Hannan saying that 2017 will unlikely be a "robust year." 3. Pearson (PSO) downgraded to Neutral from Outperform at Exane BNP Paribas. 4. Syntel (SYNT) downgraded to Market Perform from Outperform at Barrington with analyst Vincent Colicchio saying he's "increasingly concerned that the challenging environment will continue to negatively impact the company's business." 5. FMC Technologies (FTI) downgraded to Neutral from Accumulate at Seaport Global wit analyst Mark Brown saying upstream customers have "little appetite" for deepwater development spending. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/16
UBSW
10/04/16
UPGRADE
UBSW
Buy
CBS upgraded to Buy from Sell at UBS
09/22/16
TLSY
09/22/16
DOWNGRADE
TLSY
Market Perform
CBS downgraded on likely Viacom merger at Telsey Advisory
As noted earlier, Telsey downgraded CBS (CBS) to Market Perform from Outperform. Analyst Tom Eagan says that CBS will probably merge with Viacom (VIA, VIAB). The analyst believes that it will take "years" for Viacom to be turned around, and he says that Viacom's fiscal 2017 EBITDA will come in 18% below its fiscal 2015 level. The analyst expects the company's credit rating to be downgraded by S&P. CBS target to $57 from $67.
10/04/16
UBSW
10/04/16
UPGRADE
Target $66
UBSW
Buy
CBS upgraded to Buy at UBS
As reported previously, UBS analyst Doug Mitchelson upgraded CBS (CBS) to Buy from Sell. The analyst sees any deal with Viacom (VIA) as priced into CBS shares already. He also has increased confidence in consensus estimates for CBS and sees further upside if the national TV ad market and CBS' ratings remain strong. Mitchelson raised his price target to $66 from $52 on CBS shares.
BBBY Bed Bath & Beyond
$42.99

-0.12 (-0.28%)

06/23/16
OPCO
06/23/16
NO CHANGE
OPCO
Perform
Bed Bath & Beyond continues to struggle, says Oppenheimer
Oppenheimer analyst Brian Nagel says Bed Bath & Beyond's weaker than expected Q1 results and more downbeat fiscal year 2016 outlook reflect ongoing struggles at the company. While the analyst remains optimistic that over the longer term Bed, Bath & Beyond will find the right formula to compete effectively online while protecting industry leading margins, he expects the current transition at the company to persist for a while and fuel choppiness in results. Nagel reiterates a Perform rating on the shares.
06/23/16
DBAB
06/23/16
NO CHANGE
Target $42
DBAB
Hold
Bed Bath & Beyond price target lowered to $42 from $45 at Deutsche Bank
Deutsche Bank analyst Mike Baker noted that Bed Bath & Beyond reported sales, comps and EPS that were all below expectations and points out that the company made "some subtle and not so subtle" changes to guidance, including the fact that it cut its comp guidance. Baker maintain a Hold rating on BB&B shares, citing valuation, and lowered his price target on the stock to $42 from $45.
06/16/16
06/16/16
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. Chipotle (CMG) initiated with a Buy at Buckingham with analyst John Zolidis saying investors should take advantage of the dislocation in the business and stock price following recent food safety issues to purchase one of the highest quality companies in the sector. 2. Bed Bath & Beyond (BBBY) initiated with a Neutral at Longbow. 3. Shake Shack (SHAK) initiated with a Buy at Buckingham. 4. CSX (CSX), Norfolk Southern (NSC), and Union Pacific (UNP), initiated with a Perform at Oppenheimer. 5. Kansas City Southern (KSU) initiated with an Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/16/16
LBOW
06/16/16
INITIATION
LBOW
Neutral
Bed Bath & Beyond initiated with a Neutral at Longbow
SIG Signet Jewelers
$76.23

0.51 (0.67%)

09/13/16
COWN
09/13/16
DOWNGRADE
COWN
Market Perform
Signet Jewelers downgraded to Market Perform from Outperform at Cowen
09/13/16
09/13/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Underperform from Neutral at Macquarie with analyst Tim Nollen saying market penetration could be limited given new streaming video on demand competitors and local operator's streaming efforts. 2. Intuit (INTU) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Keith Weiss citing full valuation. 3. Applied Genetic (AGTC) downgraded to Market Perform from Outperform at Wells Fargo, to Sell from Buy at Janney Capital, to Hold from Buy at Cantor, and to Neutral from Buy at Roth Capital. 4. Signet Jewelers (SIG) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen saying he believes shares will be range bound despite the stock's cheap valuation. 5. Red Robin (RRGB) downgraded to Underperform from Buy at BofA/Merrill with the firm citing the difficult casual dining environment, lack of near-term catalysts, and risk to third quarter earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/13/16
COWN
09/13/16
DOWNGRADE
Target $85
COWN
Market Perform
Signet Jewelers downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Oliver Chen downgraded Signet Jewelers to Market Perform from Outperform, as he believes shares will be range bound despite the stock's cheap valuation. Chen cited industry traffic/volatility trends, credit sale uncertainty, and Q4 risk/reward. Chen lowered his price target to $85 from $96 on Signet Jewelers shares.
09/28/16
LYON
09/28/16
INITIATION
LYON
Outperform
Signet Jewelers initiated with an Outperform at CLSA
CLSA analyst Rick Patel initiated Signet Jewelers with an Outperform rating and a $87 price target.

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ZLAB

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F

Ford

$11.72

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El Paso Electric

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

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CPRT

Copart

$32.54

-0.32 (-0.97%)

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STLD

Steel Dynamics

$33.83

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XBKS

Xenith Bankshares

$29.96

0.42 (1.42%)

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BMY

Bristol-Myers

$62.93

0.23 (0.37%)

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BBBY

Bed Bath & Beyond

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Despegar.com

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WAC

Walter Investment

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CBAY

CymaBay

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BBBY

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EVH

Evolent Health

$15.65

-0.8 (-4.86%)

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BPL

Buckeye Partners

$56.33

0.64 (1.15%)

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RL

Ralph Lauren

$91.03

0.87 (0.96%)

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PVH

PVH Corp.

$127.47

-0.54 (-0.42%)

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