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PH

Parker-Hannifin

$123.65

-1.05 (-0.84%)

06:55
10/05/16
10/05
06:55
10/05/16
06:55

Parker-Hannifin upgraded to Buy on improved outlook at Stifel

As previously reported, Stifel upgraded Parker-Hannifin to Buy from Hold and established a $141 price target. Analyst Nathan Jones recent distributor survey results indicate Parker-Hannifin will beat Q1 North American revenue estimates. Jones said distributors expect to see revenue growth (2%) in Q2 FY17 which he believes should be enough for Parker to see its first positive year-over-year revenue comp company wide in 6 quarters. The analyst said consensus is currently forecasting a slightly negative Q2 top line comparison. which should help investors get comfortable that the worst of the current downturn is behind Parker.

PH Parker-Hannifin
$123.65

-1.05 (-0.84%)

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.
10/05/16
STFL
10/05/16
UPGRADE
STFL
Buy
Parker-Hannifin upgraded to Buy from Hold at Stifel

TODAY'S FREE FLY STORIES

RYAAY

Ryanair

$109.06

-0.22 (-0.20%)

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BIIB

Biogen

$280.32

-0.25 (-0.09%)

11:38
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Biogen management to meet with Evercore ISI »

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CNS

Cohen & Steers

$40.58

0.12 (0.30%)

11:33
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Cohen & Steers management to meet with Evercore ISI »

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ORCL

Oracle

$51.11

0.16 (0.31%)

, BAC

Bank of America

$22.79

-0.035 (-0.15%)

11:32
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BAC

Bank of America

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-0.035 (-0.15%)

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FINL

Finish Line

$13.65

0.92 (7.23%)

11:30
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Options
Vote of confidence in Finish Line »

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ORCL

Oracle

$51.11

0.156 (0.31%)

11:28
06/26/17
06/26
11:28
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11:28
Conference/Events
Oracle management to meet with Evercore ISI »

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OXY

Occidental Petroleum

$59.84

-0.28 (-0.47%)

11:25
06/26/17
06/26
11:25
06/26/17
11:25
Conference/Events
Occidental Petroleum management to meet with Evercore ISI »

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  • 28

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HTZ

Hertz

$10.34

0.8046 (8.43%)

11:25
06/26/17
06/26
11:25
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Options
Hertz call volume above normal and directionally bullish »

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BABA

Alibaba

$141.72

-1.31 (-0.92%)

11:24
06/26/17
06/26
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11:24
Periodicals
Alibaba-backed Best Inc aiming to raise up to $750M in IPO, WWD reports »

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  • 28

    Jun

NFG

National Fuel

$56.53

0.16 (0.28%)

11:22
06/26/17
06/26
11:22
06/26/17
11:22
Conference/Events
National Fuel management to meet with Jefferies »

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NFG

National Fuel

$56.53

0.16 (0.28%)

11:22
06/26/17
06/26
11:22
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11:22
Conference/Events
National Fuel management to meet with Evercore ISI »

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  • 27

    Jun

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FN

Fabrinet

$42.84

2.82 (7.05%)

, AAOI

Applied Optoelectronics

$65.87

2.29 (3.60%)

11:18
06/26/17
06/26
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Hot Stocks
Fabrinet rises, Applied Optoelectronics sinks after Needham uncovers AWS deal »

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FN

Fabrinet

$42.84

2.82 (7.05%)

AAOI

Applied Optoelectronics

$65.87

2.29 (3.60%)

MTSI

MACOM

$58.26

1.76 (3.12%)

AMZN

Amazon.com

$1,003.74

2.44 (0.24%)

03/08/13
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ADNT

Adient

$64.75

0.62 (0.97%)

11:17
06/26/17
06/26
11:17
06/26/17
11:17
Conference/Events
Adient to hold a meeting »

EVP & CFO Stafeil,…

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  • 27

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ORCL

Oracle

$51.32

0.37 (0.73%)

, BAC

Bank of America

$22.83

0.0134 (0.06%)

11:17
06/26/17
06/26
11:17
06/26/17
11:17
Periodicals
Oracle signs BofA as customer for ERP, financial planning software, CNBC says »

Oracle (ORCL) signed Bank…

ORCL

Oracle

$51.32

0.37 (0.73%)

BAC

Bank of America

$22.83

0.0134 (0.06%)

SAP

SAP

$107.12

-0.36 (-0.33%)

AMZN

Amazon.com

$1,003.74

2.44 (0.24%)

03/08/13
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03/06/13
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03/06/13
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  • 26

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$NSD

NASDAQ Market Internals

11:17
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Technical Analysis
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$NYE

NYSE Market Internals

11:16
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11:15
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General news
Treasury announced a $40 4-week bill sale for Tuesday »

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General news
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ARNC

Arconic

$23.86

-1.68 (-6.58%)

11:12
06/26/17
06/26
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Periodicals
Arconic discontinuing global Reynobond PE sales for high-rise uses »

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ARNC

Arconic

$23.99

-1.55 (-6.07%)

11:10
06/26/17
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Periodicals
Breaking Periodicals news story on Arconic »

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RAD

Rite Aid

$3.11

-0.005 (-0.16%)

, WBA

Walgreens Boots Alliance

$76.34

-0.03 (-0.04%)

11:10
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Hot Stocks
Rite Aid jumps after CTFN publishes report »

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RAD

Rite Aid

$3.11

-0.005 (-0.16%)

WBA

Walgreens Boots Alliance

$76.34

-0.03 (-0.04%)

03/08/13
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  • 29

    Jun

CAR

Avis Budget

$24.24

1.23 (5.35%)

11:10
06/26/17
06/26
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Options
Higher volume in Avis fueled by talk about a deal with Google (GOOG) »

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PODD

Insulet

$49.38

0.58 (1.19%)

11:05
06/26/17
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Insulet participates in a conference call with Leerink »

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BA

Boeing

$202.32

0.09 (0.04%)

, RYAAY

Ryanair

$109.06

-0.22 (-0.20%)

11:04
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Boeing reports 153 new orders since last update »

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BA

Boeing

$202.32

0.09 (0.04%)

RYAAY

Ryanair

$109.06

-0.22 (-0.20%)

UAL

United Continental

$77.13

0.34 (0.44%)

AER

AerCap

$45.81

0.17 (0.37%)

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