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FIT

Fitbit

$14.72

-0.06 (-0.41%)

06:36
10/05/16
10/05
06:36
10/05/16
06:36

Study: Fitbit unlikely to improve customers' health, AP reports

According to the largest study to date on fitness trackers, wearing one may help you keep tabs on how many steps you take, but the devices themselves, even with the lure of a cash reward, likely won't improve your health, AP reports. Reference Link

  • 08

    Dec

FIT Fitbit
$14.72

-0.06 (-0.41%)

09/29/16
PACS
09/29/16
DOWNGRADE
PACS
Underweight
Pacific Crest cuts Fitbit to sell, sees share downside to $11
Pacific Crest analyst Brad Erickson downgraded Fitbit (FIT) to Underweight from Sector Weight after his channel checks indicated that Charge 2, the company's flagship holiday product, is off to a slow start. Underweight is Pacific Crest's equivalent of a sell rating. Charge 2 inventory is accumulating in the channel and sell-through is below initial Blaze/Alta levels, Erickson tells investors in a research note. The analyst continues to believe that a large portion of Fitbit owners stop using the device within months. Further, he views the corporate wellness deal between Aetna (AET) and Apple (AAPL) as a "substantial negative" for Fitbit. Erickson sees downside to $11 for shares of Fitbit. The stock closed yesterday up 17c to $16.70.
09/29/16
09/29/16
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. Coca-Cola (KO) downgraded to Hold from Buy at Stifel with analyst Mark Swartzberg saying that Coca-Cola's and Pepsi's organic EPS growth appears to be similar, but he believes that Pepsi is less vulnerable to foreign exchange fluctuations. 2. Fitbit (FIT) downgraded to Underweight from Sector Weight at Pacific Crest analyst Brad Erickson citing his channel checks which indicated that Charge 2, the company's flagship holiday product, is off to a slow start. 3. Discovery (DISCA) downgraded to Market Perform from Outperform at Barrington with analyst James Goss saying that Brexit and sports costs are dragging on its international results and foreign exchange tailwinds are moderating in many geographies. 4. Sonus (SONS) downgraded to Underperform from Market Perform at Cowen with analyst Paul Silverstein saying the firm's industry checks uncovered operational challenges and ongoing employee and executive churn. 5. Alcobra (ADHD) downgraded to Hold from Buy at Cantor and to Perform from 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.
09/29/16
MZHO
09/29/16
NO CHANGE
MZHO
Fitbit shares defended at Mizuho
09/29/16
MZHO
09/29/16
NO CHANGE
MZHO
Fitbit Charge 2 checks remain strong, pullback unwarranted, says Mizuho
Mizuho's checks indicate Fitbit's Charge 2 sell through remains strong with favorable reviews, despite investor concerns. The firm's analyst views the pullback in Fitbit shares as unwarranted, especially since Q3 guidance assume minimal unit sales, and expects the Charge 2 to compete well and serve as a catalyst for Holiday season into Spring 2017. Mizuho continues to believe in Fitbit's long-term opportunity to maintain dominant share with in the increasingly growing global market for wearables while pursing opportunities in the healthcare industry.

TODAY'S FREE FLY STORIES

MON

Monsanto

$117.25

-0.55 (-0.47%)

08:11
06/28/17
06/28
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08:11
Earnings
Monsanto sees FY17 EPS $4.09-$4.55, consenus $4.89 »

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  • 28

    Jun

UNF

UniFirst

$139.05

-1.25 (-0.89%)

08:11
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Earnings
UniFirst reports Q3 adj. EPS $1.36, consensus $1.34 »

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  • 28

    Jun

MNRO

Monro Muffler

$45.15

-0.8 (-1.74%)

08:10
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NUVA

NuVasive

$75.54

-1.15 (-1.50%)

08:08
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  • 28

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CA

CA Technologies

$34.62

-0.19 (-0.55%)

08:08
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CA Technologies analyst commentary  »

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XPO

XPO Logistics

$60.84

-0.32 (-0.52%)

08:06
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08:06
Initiation
XPO Logistics initiated  »

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  • 07

    Jul

MON

Monsanto

$117.25

-0.55 (-0.47%)

08:06
06/28/17
06/28
08:06
06/28/17
08:06
Earnings
Breaking Earnings news story on Monsanto »

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  • 28

    Jun

MON

Monsanto

$117.25

-0.55 (-0.47%)

08:05
06/28/17
06/28
08:05
06/28/17
08:05
Earnings
Monsanto reports Q3 EPS $1.90, consensus $1.76 »

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  • 28

    Jun

CBI

CB&I

$20.03

5.63 (39.10%)

08:04
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06/28
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Hot Stocks
CB&I awarded contract by Shurtan Gas Chemical Complex »

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LMNX

Luminex

$20.92

-0.3 (-1.41%)

08:04
06/28/17
06/28
08:04
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08:04
Hot Stocks
Luminex receives CE-IVD mark for ARIES Norovirus Assay »

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  • 30

    Jul

NVIV

InVivo Therapeutics

$2.75

0.2 (7.84%)

08:04
06/28/17
06/28
08:04
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08:04
Hot Stocks
InVivo Therapeutics reports two patients in study improve in INSPIRE assessments »

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  • 26

    Sep

MSA

MSA Safety

$79.73

0.44 (0.55%)

08:03
06/28/17
06/28
08:03
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08:03
Hot Stocks
MSA Safety to acquire Globe Holding Company for $215M in cash »

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HCA

HCA Holdings

$86.01

-0.61 (-0.70%)

07:59
06/28/17
06/28
07:59
06/28/17
07:59
Initiation
HCA Holdings initiated  »

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STT

State Street

$87.90

0.08 (0.09%)

07:59
06/28/17
06/28
07:59
06/28/17
07:59
Upgrade
State Street rating change  »

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  • 26

    Jul

OLN

Olin Corp.

$29.31

0.29 (1.00%)

07:58
06/28/17
06/28
07:58
06/28/17
07:58
Recommendations
Olin Corp. analyst commentary  »

Cowen calls Olin Corp. a…

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DSKE

Daseke

$10.40

0.09 (0.87%)

07:57
06/28/17
06/28
07:57
06/28/17
07:57
Recommendations
Daseke analyst commentary  »

Daseke revenue synergies…

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TRU

TransUnion

$43.52

-0.78 (-1.76%)

07:57
06/28/17
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  • 25

    Jul

COST

Costco

$159.26

-0.94 (-0.59%)

, AMZN

Amazon.com

$976.78

-17.2 (-1.73%)

07:56
06/28/17
06/28
07:56
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07:56
Recommendations
Costco, Amazon.com analyst commentary  »

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COST

Costco

$159.26

-0.94 (-0.59%)

AMZN

Amazon.com

$976.78

-17.2 (-1.73%)

03/08/13
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  • 28

    Jun

  • 23

    Aug

PYPL

PayPal

$52.73

-1.01 (-1.88%)

07:55
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07:55
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PayPal analyst commentary  »

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  • 28

    Jun

  • 29

    Jun

07:55
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06/28
07:55
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General news
N.Y. FX Outlook »

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BSX

Boston Scientific

$27.81

0.09 (0.32%)

07:53
06/28/17
06/28
07:53
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07:53
Recommendations
Boston Scientific analyst commentary  »

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  • 28

    Jun

ADMA

ADMA Biologics

$4.06

0.46 (12.78%)

07:50
06/28/17
06/28
07:50
06/28/17
07:50
Recommendations
ADMA Biologics analyst commentary  »

Biotest deal gives ADMA…

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  • 26

    Sep

CKH

Seacor

$32.49

0.19 (0.59%)

07:49
06/28/17
06/28
07:49
06/28/17
07:49
Recommendations
Seacor analyst commentary  »

Seacor divestment…

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MUSA

Murphy USA

$72.01

-0.44 (-0.61%)

07:48
06/28/17
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07:48
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07:48
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ZIOP

Ziopharm

$6.14

-0.16 (-2.54%)

07:48
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06/28
07:48
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07:48
Hot Stocks
Ziopharm initiates stereotactic arm of Ad-RTS-hIL-12 + veledimex Phase 1 study »

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