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ABX

Barrick Gold

$15.84

0.385 (2.49%)

, NCLH

Norwegian Cruise Line

$38.05

0.27 (0.71%)

10:16
10/05/16
10/05
10:16
10/05/16
10:16

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Barrick Gold (ABX) downgraded to Buy from Conviction Buy at Goldman with analyst Andrew Quail citing increased macro headwinds negatively impacting gold prices. 2. Norwegian Cruise Line (NCLH) downgraded to Neutral from Buy at UBS. 3. Gigamon (GIMO) downgraded to Market Perform from Outperform at Raymond James and to Neutral from Buy at DA Davidson. 4. iRadimed (IRMD) downgraded to Neutral from Buy at Roth Capital. 5. Trinity Biotech (TRIB) downgraded to Equal Weight from Overweight at Stephens with analyst Drew Jones citing the announcement of the withdrawal of Meritas Troponin test from FDA consideration. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ABX

Barrick Gold

$15.84

0.385 (2.49%)

NCLH

Norwegian Cruise Line

$38.05

0.27 (0.71%)

GIMO

Gigamon

$52.32

-2.81 (-5.10%)

IRMD

iRadimed

$10.77

-6.24 (-36.68%)

TRIB

Trinity Biotech

$6.46

-6.53 (-50.27%)

  • 27

    Oct

ABX Barrick Gold
$15.84

0.385 (2.49%)

10/05/16
GSCO
10/05/16
DOWNGRADE
Target $27
GSCO
Buy
Barrick Gold downgraded to Buy from Conviction Buy at Goldman
Goldman analyst Andrew Quail removed Barrick Gold from the Conviction Buy List to reflect increased macro headwinds negatively impacting gold prices. The analyst maintains his Buy rating and $27 price target and said its self-help story remains intact.
10/03/16
10/03/16
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. Dow Chemical (DOW) and DuPont (DD) were upgraded to Buy from Neutral at Citi with analyst P.J. Juvekar citing he opportunity presented by the proposed merger. 2. Freeport McMoRan (FCX), Barrick Gold (ABX), and Pan American Silver (PAAS) were upgraded to Buy from Hold at Deutsche Bank. 3. LogMeln (LOGM) upgraded to Overweight from Equal Weight at Barclays with analyst Raimo Lenschow saying the pending merger with Citrix's (CTXS) divested GoTo assets creates a "great new opportunity." 4. Halliburton (HAL) upgraded to Buy from Hold at Societe General. 5. Coty (COTY) upgraded to Buy from Neutral at BofA/Merrill with analyst Olivia Tong saying she believes Coty is at the beginning of a potential transformation with the pending closure of the P&G Beauty deal this week that could bring increased scale as well as a more targeted operational structure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Buy
Barrick, Freeport, Pan American upgraded to Buy at Deutsche Bank
Deutsche Bank analyst Jorge Beristain noted that while commodity prices rallied in Q3 Metals & Mining companies continued to get their "financial houses in order" and he expects the trend to continue for the next few quarters. The analyst, who recommends investing in non-integrated companies as well as building Precious exposure, is upgrading several stocks in the sector, including Barrick Gold (ABX), Freeport McMoRan (FCX), Pan American Silver (PAAS), all to Buy from Hold. The analyst also upgraded a number of others in the sector to Hold from Sell this morning.
10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Buy
Barrick Gold upgraded to Buy from Hold at Deutsche Bank
NCLH Norwegian Cruise Line
$38.05

0.27 (0.71%)

10/05/16
UBSW
10/05/16
DOWNGRADE
Target $42
UBSW
Neutral
Norwegian Cruise Line downgraded to Neutral from Buy at UBS
UBS analyst Robin Farley downgraded Norwegian Cruise Line to Neutral and lowered her price target for the shares to $42 from $54.
10/04/16
10/04/16
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. ACADIA (ACAD) reinstated with a Market Perform at Leerink. 2. Royal Caribbean (RCL) was initiated with an Outperform at Macquarie, while the firm initiated Carnival (CCL) and Norwegian Cruise Line (NCLH) with a Neutral. 3. Shopify (SHOP) initiated with a Buy at Goldman. 4. Dolby (DLB) assumed with a Neutral at JPMorgan. 5. United Rentals (URI) initiated with a Buy at Argus. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/16
MACQ
10/04/16
INITIATION
Target $37.7
MACQ
Neutral
Norwegian Cruise Line initiated with a Neutral at Macquarie
Macquarie analyst Matthew Brooks initiated Carnival with a Neutral and a $37.70 price target given high financial leverage, senior management turnover, and high valuation.
09/29/16
DBAB
09/29/16
NO CHANGE
Target $44
DBAB
Hold
Norwegian Cruise Line transferred with a Hold at Deutsche Bank
Deutsche Bank analyst Chris Woronka put a Hold rating and $44 price target on shares of Norwegian Cruise Line after taking over coverage of the name. 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.
GIMO Gigamon
$52.32

-2.81 (-5.10%)

10/05/16
RAJA
10/05/16
DOWNGRADE
RAJA
Market Perform
Gigamon downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Simon Leopold downgraded Gigamon to Market Perform citing valuation and concerns over slowing in the security market. Potential upside from the company's new hybrid cloud solution will take time to materialize, Leopold tells investors in a research note. He believes Gigamon remains a growth story, but finds the stock fairly valued at current levels.
09/14/16
WBLR
09/14/16
NO CHANGE
WBLR
Outperform
Gigamon business momentum remains strong, says William Blair
After hosting investor meetings with Gigamon CEO Paul Hooper, William Blair analyst Jason Ader believes the company's business momentum "remains strong and unyielding." Street expectations have Gigamon's top-line growth decelerating to 20% in 2017 from 40% in 2016, which creates "meaningful opportunity for upside," Ader tells investors in a research note. He keeps an Outperform rating on the shares.
10/05/16
DADA
10/05/16
DOWNGRADE
DADA
Neutral
Gigamon downgraded to Neutral from Buy at DA Davidson
10/05/16
DADA
10/05/16
DOWNGRADE
Target $59
DADA
Neutral
Gigamon downgraded to Neutral on valuation at DA Davidson
As previously reported, DA Davidson downgraded Gigamon to Neutral from Buy. Analyst Mark Kelleher reduced his rating due to valuation and raised his price target to $59 from $54 on shares. Note that Gigamon was also downgraded at Raymond James this morning to Market Perform.
IRMD iRadimed
$10.77

-6.24 (-36.68%)

01/28/16
ROTH
01/28/16
NO CHANGE
ROTH
iRadimed should be bought on weakness, says Roth Capital
Noting that iRadimed's stock has dropped about 25% after it reported higher than expected preliminary Q4 revenue on January 11, Roth Capital thinks that the company's fundamentals remain strong, while its 2016 results will probably exceed its guidance. The firm thinks the sell-off i nthe stock is overdone and it keeps a $30 price target and Buy rating on the shares.
04/04/16
ROTH
04/04/16
NO CHANGE
Target $25
ROTH
Buy
iRadimed price target lowered to $25 from $30 at Roth Capital
Roth Capital analyst Chris Lewis lowered his price target for iRadimed to $25 from $30 to reflect increased regulatory uncertainty. The FDA has denied approval for the company's 510k application for its MRI compatible infusion pump, with iRadimed planning to appeal the decision, the analyst tells investors in a research note. Lewis says the company will continue selling its pump systems domestically while it continues efforts to obtain new FDA clearance. The analyst reiterates a Buy rating on the shares.
10/05/16
ROTH
10/05/16
DOWNGRADE
Target $11.5
ROTH
Neutral
iRadimed downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst Chris Lewis downgraded iRadimed to Neutral from Buy after the company pre-announced a Q3 miss and reduced its 2016 outlook. While still a believer in iRadimed's technologies and market opportunity over the longer-term, the analyst will look for sales cycle normalization, improving new order activity, margin visibility, and MRI-monitor regulatory progress/commercial launch to gain higher conviction. He also lowered his price target on the shares to $11.50 from $28.
06/09/16
ROTH
06/09/16
NO CHANGE
Target $28
ROTH
Buy
Roth Capital sees new regulatory development as positive for iRadimed
Roth Capital analyst Chris Lewis says the FDA has accepted iRadimed 's 510k denial appeal pending certain requests related to software message display changes and will not require additional human factors usability testing. The analyst sees the news as a positive regulatory development for the company and more favorable than his previous expectations. Lewis reiterates a Buy rating on the stock and raised his price target on the shares to $28 from $25 on the improved regulatory outlook.
TRIB Trinity Biotech
$6.46

-6.53 (-50.27%)

10/05/16
10/05/16
DOWNGRADE
Target $7

Equal Weight
Trinity Biotech downgraded to Equal Weight at Stephens
As previously reported, Stephens analyst Drew Jones downgraded Trinity Biotech to Equal Weight from Overweight following the announcement of the withdrawal of Meritas Troponin test from FDA consideration. While the company is not abandoning the Meritas technology, the analyst notes that he currently has limited visibility into how the program will be progressed. Jones also remains conservative with expectations of Trinity Biotech successfully turning into an EPS growth story. He lowered his price target on the shares to $7 from $22.
03/04/16
SPHN
03/04/16
NO CHANGE
Target $22
SPHN
Overweight
Trinity Biotech remains top Diagnostics/Life Science Tools idea at Stephens
Stephens analyst Drew Jones said Trinity Biotech remains his favorite idea in the Diagnostics/Life Science Tools space for 2016 in a post-earnings research note. The company second straight quarter of matching consensus earnings expectations has re-established "some much needed credibility" on its execution, according to Jones, looks for an acceleration in organic growth this year. The analyst keeps an Overweight rating and $22 price target on Trinity shares.
10/05/16
SPHN
10/05/16
DOWNGRADE
SPHN
Equal Weight
Trinity Biotech downgraded to Equal Weight from Overweight at Stephens
04/21/16
ROTH
04/21/16
NO CHANGE
Target $13
ROTH
Buy
Roth Capital remains bullish on long-term Trinity Biotech troponin opportunity
Roth Capital analyst Chris Lewis remains bullish on the long-term Trinity Biotech's troponin opportunity, after the company received the FDA's formal response for its troponin 510k submission, which does not request any extensive additional data. However, the analyst looks for improved underlying growth and profitability trends to materialize to gain higher near-term conviction on the name. Lewis reiterates a Buy rating and $13 price target on the shares.

TODAY'S FREE FLY STORIES

SBGSY

Schneider Electric

$13.70

-0.115 (-0.83%)

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SBGSY

Schneider Electric

$13.70

-0.115 (-0.83%)

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AVP

Avon Products

$4.43

0.18 (4.24%)

15:21
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AAPL

Apple

$136.53

-0.58 (-0.42%)

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Apple expiring ATM straddle is active as shares pin to $136 into the final hour »

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PPRUY

Kering

$24.38

0.055 (0.23%)

15:19
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Kering management to meet with JPMorgan »

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$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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AET

Aetna

$128.69

-1.04 (-0.80%)

15:14
02/24/17
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15:14
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15:14
Conference/Events
Aetna management to meet with JPMorgan »

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  • 27

    Feb

WMT

Wal-Mart

$72.37

1.055 (1.48%)

, BBY

Best Buy

$45.75

1.435 (3.24%)

15:12
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15:12
Periodicals
White House denying Cohn comments on border-adjustment tax, Axios says »

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WMT

Wal-Mart

$72.37

1.055 (1.48%)

BBY

Best Buy

$45.75

1.435 (3.24%)

COST

Costco

$175.85

-0.66 (-0.37%)

TGT

Target

$66.59

1.61 (2.48%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 27

    Feb

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  • 28

    Feb

  • 01

    Mar

  • 06

    Mar

  • 14

    Mar

  • 19

    Mar

  • 28

    Mar

PYPL

PayPal

$42.53

0.11 (0.26%)

15:11
02/24/17
02/24
15:11
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15:11
Options
$1M premium seller in Paypal »

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  • 16

    Mar

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    Mar

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    Mar

WSTC

West Corp.

$24.66

-0.09 (-0.36%)

15:09
02/24/17
02/24
15:09
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Conference/Events
West Corp. to host analyst day »

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  • 28

    Feb

FCNCA

First Citizens

$363.85

0.03 (0.01%)

15:07
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Breaking Hot Stocks news story on First Citizens »

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DLTR

Dollar Tree

$77.57

-0.97 (-1.24%)

15:06
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Options
Dollar Tree call volume above normal and directionally bullish »

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  • 01

    Mar

ADRO

Aduro Biotech

$11.15

-0.25 (-2.19%)

15:01
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Hot Stocks
Meet Aduro: CEO Isaacs says partnerships help development efforts »

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SRRA

Sierra Oncology

$1.42

-0.05 (-3.40%)

15:01
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Breaking Hot Stocks news story on Sierra Oncology »

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EIGI

Endurance

$9.00

-0.3 (-3.23%)

14:59
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Rumor moving shares of Endurance »

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  • 27

    Feb

WSTC

West Corp.

$24.66

-0.09 (-0.36%)

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  • 28

    Feb

LUK

Leucadia

$25.63

-0.09 (-0.35%)

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EWJ

iShares MSCI Japan Index Fund

$51.43

-0.205 (-0.40%)

14:41
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RP

RealPage

$33.70

-0.5 (-1.46%)

14:36
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14:36
Conference/Events
RealPage management to meet with JMP Securities »

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  • 27

    Feb

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  • 02

    Mar

VLKAY

Volkswagen

$30.91

0.135 (0.44%)

14:29
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Hot Stocks
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ADRO

Aduro Biotech

$11.15

-0.25 (-2.19%)

, NVS

Novartis

$77.15

-0.2959 (-0.38%)

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ADRO

Aduro Biotech

$11.15

-0.25 (-2.19%)

NVS

Novartis

$77.15

-0.2959 (-0.38%)

JNJ

Johnson & Johnson

$122.09

1.19 (0.98%)

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    Mar

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  • 26

    Jun

SU

Suncor

$31.55

-1.12 (-3.43%)

14:26
02/24/17
02/24
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14:26
Options
Suncor call volume above normal and directionally bullish »

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VLKAY

Volkswagen

$30.91

0.135 (0.44%)

14:21
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02/24
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14:21
Hot Stocks
Volkswagen sees FY17 operating return on sales 6%-7% »

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SPKE

Spark Energy

$25.55

0.35 (1.39%)

14:21
02/24/17
02/24
14:21
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14:21
Periodicals
Spark Energy hires Morgan Stanley to advise on potential sale, SparkSpread says »

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  • 09

    Mar

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