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PH

Parker-Hannifin

$123.65

-1.05 (-0.84%)

06:19
10/05/16
10/05
06:19
10/05/16
06:19

Parker-Hannifin upgraded to Buy from Hold at Stifel

PH Parker-Hannifin
$123.65

-1.05 (-0.84%)

06/27/16
JPMS
06/27/16
DOWNGRADE
Target $44
JPMS
Underweight
AGCO downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Ann Duignan downgraded AGCO (AGCO) to Underweight citing weakening fundamentals in European agriculture. The company has the greatest exposure to Europe in our Machinery coverage, Duignan tells investors in a research note. She cut her price target for the shares to $44 from $47. The analyst this morning also downgraded PACCAR (PCAR) and Parker-Hannifin (PH) to Underweight from Neutral.
06/27/16
06/27/16
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. UBS (UBS) downgraded to Underweight from Neutral by JPMorgan analyst Kian Abouhossein, who cut his estimates for European banks following the Brexit vote. The analyst also downgraded Barclays (BCS) Deustche Bank (DB), Lloyds Banking (LYG) and Credit Suisse (CS) to Neutral from Overweight and RBS (RBS) to Underweight from Neutral. Barclays was also downgraded at Jefferies, BofA/Merrill and Exane BNP Paribas, RBS was also downgraded at RBC Capital, Societe Generale, Jefferies, BofA/Merrill and Exane BNP Paribas and Lloyds was also downgraded at Barclays and BofA/Merrill. 2. Fiat Chrysler (FCAU) downgraded to Buy from Conviction Buy at Goldman by analyst Stefan Burgstaller, who cited slower European volume growth, a weaker North American market outlook in out years and updated currency assumptions following the UK referendum. The analyst cut his price target for the shares to $8 from $12.80. 3. LyondellBasell (LYB) downgraded to Sector Perform from Outperform at RBC Capital by analyst Arun Viswanathan, who sees limited near-term catalysts given soft ethylene and polyethylene momentum and is cautious on the large increase of ethylene capacity in 2017/18 and potentially higher ethane prices, combined with higher capex needs. The analyst cut his price target to $84 from $100. 4. AGCO (AGCO) downgraded to Underweight from Neutral at JPMorgan by analyst Ann Duignan, who cited weakening fundamentals in European agriculture. The company has the greatest exposure to Europe in our Machinery coverage, Duignan told investors in a research note. She cut her price target for the shares to $44 from $47. The analyst this morning also downgraded PACCAR (PCAR) and Parker-Hannifin (PH) to Underweight from Neutral. 5. NXP Semiconductors (NXPI) downgraded to Neutral from Buy at BofA/Merrill by analysts led by Vivek Arya, who lowered his price target to $90 from $100. Analysts lowered estimates given the company's heavy exposure to the Auto segment and industrial/infrastructure segment and likely pressure on top-line growth from Brexit. The analyst is less confidence NXP can grow top line year-over-year in 2016/17 and said the Freescale (FSL) acquisition and shareholder sales creates an overhang. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/30/16
WELS
06/30/16
UPGRADE
WELS
Outperform
Parker-Hannifin upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Andrew Casey upgraded Parker-Hannifin to Outperform citing the recent pullback in shares, low investor expectations and positive fluid power distributor channel checks. The analyst keeps a $117-$120 price target range for the shares.
06/30/16
06/30/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on the today's top five analyst upgrades with this list compiled by The Fly: 1. Priceline (PCLN) upgraded to Overweight from Equal Weight at Morgan Stanley by analysts led by Brian Nowak, who raised his price target to $1,525 from $1,330. The analyst sees improving ad efficiency driving increased profitability and material market share gains in alt. accommodations. Nowak sees a more rational ad environment resulting in margin improvement and raised 2017 room nights by 2%, with alt. accommodations set to grow 34% 2015-2018 CAGR, driving bookings growth to 28.5%. 2. Motorola Solutions (MSI) upgraded to Buy from Neutral at Goldman by analyst Matthew Cabral after assuming primary coverage of the shares. The company's renewed focus on revenue growth and spending management is a positive shift in strategy, Cabral tells investors in a research note. He believes the shares at current levels offer a compelling entry point. Cabral raised his price target for Motorola Solutions to $81 from $74. The firm also upgraded Nokia (NOK) to Buy from Neutral. 3. Parker-Hannifin (PH) upgraded to Outperform from Market Perform at Wells Fargo by analyst Andrew Casey, citing the recent pullback in shares, low investor expectations and positive fluid power distributor channel checks. The analyst keeps a $117-$120 price target range for the shares. 4. Marriott (MAR) upgraded to Buy from Hold at Evercore ISI by analyst Rich Hightower, who trimmed his price target to $75 from $76. The analyst has now fully incorporated Starwood's (HOT) numbers into the model and said weakness following Brexit has created a buying opportunity. 5. Yamana Gold (AUY) upgraded to Outperform from Neutral at Credit Suisse by analyst Anita Soni, who raised her price target to $6.50 from $4.50 in conjunction with an increased gold price forecast. The firm has increased its gold price forecast to a peak of $1,500 in Q1 2017. The analyst also upgraded Silver Wheaton (SLW) to Outperform from Neutral and IAMGOLD (IAG) to Neutral from Sell. 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

AOS

A.O. Smith

$54.42

1.45 (2.74%)

20:16
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FB

Facebook

$147.70

1.14 (0.78%)

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AAWW

Atlas Air

$59.80

0.4 (0.67%)

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UTHR

United Therapeutics

$120.50

0.51 (0.43%)

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United Therapeutics announces $250M repurchase program »

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CLDR

Cloudera

19:57
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Cloudera 15M share IPO priced at $15.00, above the range »

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CYTR

CytRx

$0.68

-0.121 (-15.02%)

19:56
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CytRx: Former 'SPA' for aldoxorubicin no longer applicable »

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EEX

Emerald Expositions Events

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Emerald Expositions Events 15.5M share IPO priced at $17.00 »

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GOOG

Alphabet

$874.25

2.52 (0.29%)

, GOOGL

Alphabet Class A

$891.44

2.3 (0.26%)

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GOOG

Alphabet

$874.25

2.52 (0.29%)

GOOGL

Alphabet Class A

$891.44

2.3 (0.26%)

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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:26
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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:22
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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:20
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Sarepta: Exondys post-market commitment data likely unavailable for couple years »

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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:18
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Sarepta confirms CEO Ed Kaye to resign from role at end of current term »

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BSAC

Santander Chile

$23.59

-0.36 (-1.50%)

19:02
04/27/17
04/27
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Earnings
Santander Chile reports Q1 EPS 46c, consensus 42c »

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  • 28

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BA

Boeing

$183.22

1.51 (0.83%)

, BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

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Canada gov't objects to Boeing allegations over Bombardier pricing in U.S. »

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BA

Boeing

$183.22

1.51 (0.83%)

BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

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BA

Boeing

$183.22

1.51 (0.83%)

, BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

18:56
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18:56
Periodicals
Boeing requests U.S. take action on Bombardier C series prices in U.S., FT says »

Boeing (BA) is aiming to…

BA

Boeing

$183.22

1.51 (0.83%)

BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

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SWN

Southwestern Energy

$7.67

-0.16 (-2.04%)

18:48
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Earnings
Southwestern Energy reports Q1 adjusted EPS 18c, consensus 18c »

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CRMD

CorMedix

$1.04

-0.07 (-6.31%)

18:43
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Syndicate
CorMedix files to sell common stock warrants, no amount given »

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FET

Forum Energy

$18.10

-1.05 (-5.48%)

18:39
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Earnings
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WDC

Western Digital

$85.71

1.1 (1.30%)

18:38
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Western Digital: NAND supply-demand likely favorable through 'at least' 1H18 »

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FET

Forum Energy

$18.10

-1.05 (-5.48%)

18:38
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Earnings
Forum Energy reports Q1 adjusted EPS (14c), consensus (16c) »

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SJR

Shaw Communications

$21.30

0.07 (0.33%)

18:36
04/27/17
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Shaw Communications restores internet and phone services after brief outage »

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MTRX

Matrix Service

$16.88

-0.575 (-3.30%)

18:33
04/27/17
04/27
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18:33
Earnings
Breaking Earnings news story on Matrix Service »

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GIMO

Gigamon

$36.00

-0.6 (-1.64%)

18:33
04/27/17
04/27
18:33
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18:33
Earnings
Gigamon sees Q2 adjusted EPS 2c-7c, consensus 19c »

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MTRX

Matrix Service

$16.88

-0.575 (-3.30%)

18:32
04/27/17
04/27
18:32
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18:32
Earnings
Matrix Service sees Q3 EPS (56c)-(49c), consensus 13c »

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WDC

Western Digital

$85.71

1.1 (1.30%)

, TOSBF

Toshiba, also use TOSYY

$1.97

-0.01 (-0.51%)

18:31
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04/27
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Western Digital on Toshiba chip sale: Evaluating 'full range' of alternatives »

Western Digital (WDC)…

WDC

Western Digital

$85.71

1.1 (1.30%)

TOSBF

Toshiba, also use TOSYY

$1.97

-0.01 (-0.51%)

TOSYY

Toshiba, also use TOSBF

$11.89

0.07 (0.59%)

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