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CRM

Salesforce

$70.87

2.45 (3.58%)

, MET

MetLife

$47.51

1.52 (3.31%)

09:55
10/06/16
10/06
09:55
10/06/16
09:55

Early notable gainers among liquid option names on October 6th

Notable gainers among liquid option names this morning include Salesforce.com (CRM) $70.84 +2.43, MetLife (MET) $47.35 +1.36, Southwestern Energy (SWN) $14.27 +0.36, WestRock (WRK) $47.59 +1.04, and United Rentals (URI) $82.25 +1.69.

CRM

Salesforce

$70.87

2.45 (3.58%)

MET

MetLife

$47.51

1.52 (3.31%)

SWN

Southwestern Energy

$14.38

0.47 (3.38%)

WRK

WestRock

$47.48

0.94 (2.02%)

URI

United Rentals

$81.86

1.28 (1.59%)

  • 03

    Nov

  • 07

    Nov

CRM Salesforce
$70.87

2.45 (3.58%)

10/06/16
ROTH
10/06/16
NO CHANGE
Target $103
ROTH
Buy
Salesforce should be bought on pullback, says Roth Capital
Roth Capital analyst Richard Baldry says Salesforce's (CRM) shares are down roughly 20% from their recent highs, pressured by rumors of a potential bid for Twitter (TWTR) and a recent revenue guidance increase for the second half of 2017 that was back-end loaded enough to leave his Q3 forecast lowered. However, the analyst believes the pullback offers investors an attractive entry point and advocates buying on weakness. Baldry reiterates a Buy rating and $103 price target on Salesforce's shares given the company's strong fundamentals and sector dominance.
10/06/16
BARD
10/06/16
NO CHANGE
Target $90
BARD
Outperform
Salesforce shares should be bought, says Baird
Baird analyst Steven Ashley noted that Salesforce (CRM) CEO Mark Benioff said his company has all the customer data it needs, which he reads as meaning it would not need to make an acquisition of Twitter (TWTR) purely for data. The analyst also said the company's board is acutely aware of their responsibility to shareholders when it comes to Salesforce's stock and the potential negative impact on shares that a Twitter deal could pose. Ashley reiterated his Outperform rating and $90 price target on Salesforce shares.
10/06/16
COWN
10/06/16
NO CHANGE
Target $100
COWN
Outperform
Salesforce shares should rebound with no Twitter deal, says Cowen
Cowen analyst J.Derrick Wood expects shares of Salesforce (CRM) to rebound if the company does not buy Twitter (TWTR), which he believes will not happen. The analyst believes investors will return to fundamentals and the analyst believes upside momentum in Salesforce's core business will return in Q3. Wood reiterated his Outperform rating and $100 price target on Salesforce shares.
10/06/16
BMOC
10/06/16
NO CHANGE
BMOC
Twitter acquisition would hurt Salesforce, says BMO Capital
BMO Capital analyst Keith Bachman says that an acquisition of Twitter (TWTR) by Salesforce (CRM) would " offer little strategic fit, would slow revenue growth and would be dilutive to (free cash flow) margins." Bachman thinks that the deal would cause Salesforce's stock to drop significantly,. and he says that the company's stock would be worth $65 if it pulls the trigger on Twitter. The analyst says that Salesforce's current valuation is attractive if it does not buy Twitter. He keeps an $86 price target and Outperform rating on Salesforce.
MET MetLife
$47.51

1.52 (3.31%)

07/13/16
DBAB
07/13/16
DOWNGRADE
Target $44
DBAB
Hold
MetLife downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Yaron Kinar downgraded MetLife to Hold saying balance sheet risk is enhanced ahead of the company's separation and in light of low yields. The analyst does not expect the separation to be executed before year-end, and therefore does expect buybacks before 2017. He sees a lack of near-term catalysts for MetLife and lowered his price target for the shares to $44 from $47.
09/23/16
WELS
09/23/16
INITIATION
WELS
Outperform
MetLife coverage resumed at Wells Fargo
As noted earlier, Wells Fargo resumed coverage of MetLife with an Outperform rating. The firm says that , in the wake of the company's decision to separate its retail business, it "should be less impacted by equity market movement and interest rates." As a result, the firm thinks that the stock's multiple should rise, while the company should require less capital, enabling it to buy back its shares. Wells set a $51-$53 price target on the stock.
09/22/16
WELS
09/22/16
INITIATION
WELS
Outperform
MetLife coverage resumed with an Outperform at Wells Fargo
07/13/16
07/13/16
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. Yelp (YELP) downgraded to Underperform from Market Perform at Wells Fargo with analyst Peter Stabler saying consensus expectations "embed too much optimism" for 2017 and 2018. 2. Starbucks (SBUX) downgraded to Mixed from Positive at OTR Global with the firm citing manager checks that indicate weaker-than-expected food and Frappuccino sales, impact from poor weather, and cannibalization. 3. SQM (SQM) downgraded to Sell from Neutral at Citi analyst Juan Tavarez saying the risk/reward is unfavorable with the stock up 42% year-to-date. 4. Robert Half (RHI) downgraded to Neutral from Buy at BofA/Merrill with the firm citing expectations of weaker fundamentals, FX headwinds, and increased concerns around the timing of the cycle. 5. MetLife (MET) downgraded to Hold from Buy at Deutsche Bank with analyst Yaron Kinar saying balance sheet risk is enhanced ahead of the company's separation and in light of low yields. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SWN Southwestern Energy
$14.38

0.47 (3.38%)

09/28/16
MITR
09/28/16
INITIATION
Target $11
MITR
Hold
Southwestern Energy coverage assumed with a Hold at GMP Securities
GMP Securities analyst Karl Chalabala assumed coverage on Southwestern Energy with a Hold and a $11 price target.
07/25/16
NSCC
07/25/16
UPGRADE
NSCC
Buy
Southwestern Energy upgraded to Buy from Neutral at National Securities
07/22/16
SPHN
07/22/16
UPGRADE
SPHN
Equal Weight
Southwestern Energy upgraded to Equal Weight from Underweight at Stephens
As previously reported, Stephens analyst Will Green upgraded Southwestern Energy to Equal Weight from Underweight following the company's Q2 production beat and improved 2016 outlook. Additionally, the analyst notes that Southwestern Energy's balance sheet has "substantially" improved.
10/05/16
MZHO
10/05/16
INITIATION
Target $20
MZHO
Buy
Southwestern Energy initiated with a Buy at Mizuho
Mizuho analyst Timothy Rezvan initiated Southwestern Energy with a Buy and a $20 price target.
WRK WestRock
$47.48

0.94 (2.02%)

09/23/16
DBAB
09/23/16
UPGRADE
Target $90
DBAB
Buy
Packaging Corp. upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Debbie Jones upgraded Packaging Corp. of America (PKG) to Buy citing an "improved earnings trajectory" following the TimBar acquisition. The analyst raised her price target for the shares to $90 from $77. Jones this morning also upgraded KapStone (KS) to Buy. She raised her estimates across the Paper & Packaging space to reflect the likelihood of success for the October containerboard price hike initiative. Jones also raised her price target for Buy-rated WestRock to $53 from $50 and Hold-rating International Paper (IP) to $50 from $42.
08/22/16
WELS
08/22/16
NO CHANGE
WELS
Packaging Corp. should be bought on any weakness, says Wells Fargo
Wells Fargo says that it expects primary paper packaging stocks to come under pressure today following an unexpected decline in semi-chemical medium pricing. However, the firm expects the financial impact on Packaging Corp (PKG) to be "de-minimis" given its "higher degrees of vertical integration." Wells recommends buying the stock on any weakness today. Other companies whose stocks could be negatively affected by the news include Greif (GEF), KapStone (KS), International Paper (IP), and WestRock (WRK), according to Wells. The firm also recommends buying International Paper on any weakness today.
08/25/16
DBAB
08/25/16
NO CHANGE
DBAB
International Paper to increase containerboard prices, says Deutsche Bank
Deutsche Bank analyst Debbie Jones says International Paper (IP) is increasing containerboard prices by $50 per ton effective October 1st, citing trade contacts. The analyst notes that she is not aware of similar moves from other producers, but suspects additional announcements may come. Nonetheless, Jones questions whether or not the full amount will be achieved and if an increase is sustainable. A successful increase would be beneficial not only for International Paper, but also for WestRock (WRK), Packaging Corp (PKG) and KapStone (KS), the analyst says, noting that Greif (GEF) also has modest exposure to containerboard. In afternoon trading, International Paper's stock has gained over 4% to $48.59 per share.
09/22/16
GSCO
09/22/16
INITIATION
Target $53
GSCO
Neutral
WestRock initiated with a Neutral at Goldman
Goldman analyst Brian Maguire initiated WestRock with a Neutral and a $53 price target.
URI United Rentals
$81.86

1.28 (1.59%)

09/09/16
KEYB
09/09/16
DOWNGRADE
KEYB
Sector Weight
Ingersoll-Rand downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Jeffrey Hammond downgraded Ingersoll-Rand (IR) to Sector Weight citing his more cautious outlook for nonresidential construction. The analyst says his firm's channel work, coupled with recent financing trends, suggests that the U.S. is approaching a peak nonresidential construction environment. KeyBanc this morning also downgraded Eaton (ETN) and lowered its estimates for United Rentals (URI).
09/23/16
OTRG
09/23/16
UPGRADE
OTRG
Positive
United Rentals upgraded to Positive from Mixed at OTR Global
OTR Global upgraded United Rentals to Positive following checks that indicate strong summer demand for construction equipment rentals lifted time utilization, and an improvement in U.S. rates in July.
10/04/16
ARGS
10/04/16
INITIATION
ARGS
Buy
United Rentals initiated with a Buy at Argus
Argus analyst Stephen Biggar and Mike Jaffe initiated United Rentals with a Buy and a $90 price target saying the company is poised for a longer-than-typical upturn and view the recent period of flat revenue as temporary.
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.

TODAY'S FREE FLY STORIES

CAT

Caterpillar

$104.42

7.61 (7.86%)

07:46
04/26/17
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Recommendations
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MCD

McDonald's

$141.70

7.47 (5.57%)

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  • 31

    May

SAP

SAP

$102.13

0.75 (0.74%)

07:45
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Downgrade
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  • 24

    May

FCAU

Fiat Chrysler

$10.54

-0.02 (-0.19%)

07:44
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Earnings
Fiat Chrysler confirms FY17 guidance for revenue, EBIT »

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BHI

Baker Hughes

$59.29

0.64 (1.09%)

07:43
04/26/17
04/26
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Recommendations
Baker Hughes analyst commentary  »

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  • 27

    Apr

SYBT

S.Y. Bancorp

$42.30

0.85 (2.05%)

07:43
04/26/17
04/26
07:43
04/26/17
07:43
Earnings
S.Y. Bancorp reports Q1 EPS 47c, consensus 45c »

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  • 27

    Apr

  • 03

    May

CBOE

CBOE Holdings

$84.16

0.32 (0.38%)

07:43
04/26/17
04/26
07:43
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07:43
Syndicate
CBOE Holdings 2.25M share Block Trade; price range $83.25-$83.75 »

Jefferies is acting as…

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  • 09

    May

FCAU

Fiat Chrysler

$10.54

-0.02 (-0.19%)

07:43
04/26/17
04/26
07:43
04/26/17
07:43
Earnings
Fiat Chrysler reports Q1 adjusted EBIT EU1.54B, consensus EU1.44B »

Reports Q1 revenues of…

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TSS

TSYS

$54.31

0.5 (0.93%)

07:42
04/26/17
04/26
07:42
04/26/17
07:42
Recommendations
TSYS analyst commentary  »

TSYS price target raised…

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ERJ

Embraer

$19.45

-0.3083 (-1.56%)

07:42
04/26/17
04/26
07:42
04/26/17
07:42
Periodicals
Embraer partners with Uber to develop electric vehicles, Reuters reports »

Brazilian planemaker…

03/08/13
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SLGN

Silgan Holdings

$60.10

0.24 (0.40%)

07:41
04/26/17
04/26
07:41
04/26/17
07:41
Earnings
Silgan Holdings raises FY17 adj. EPS view to $3.20-$3.40 from $3.15-$3.35 »

Silgan Holdings increased…

03/08/13
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03/08/13
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03/06/13
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  • 26

    Apr

  • 09

    May

SAH

Sonic Automotive

07:41
04/26/17
04/26
07:41
04/26/17
07:41
Earnings
Sonic Automotive reports Q1 adjusted EPS 23c, consensus 23c »

Reports Q1 revenue…

03/08/13
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03/06/13
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03/06/13
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  • 02

    May

  • 03

    May

  • 20

    Jun

MMM

3M

07:40
04/26/17
04/26
07:40
04/26/17
07:40
Recommendations
3M analyst commentary  »

3M price target raised to…

03/08/13
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  • 09

    May

  • 31

    May

07:40
04/26/17
04/26
07:40
04/26/17
07:40
General news
FX Update: The yen rebounded from fresh lows »

FX Update: The yen…

SLGN

Silgan Holdings

$60.10

0.24 (0.40%)

07:39
04/26/17
04/26
07:39
04/26/17
07:39
Earnings
Breaking Earnings news story on Silgan Holdings »

Silgan Holdings sees Q2…

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  • 26

    Apr

  • 09

    May

IMAX

IMAX

07:39
04/26/17
04/26
07:39
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07:39
Hot Stocks
IMAX and PVR Cinemas sign agreement for five theaters in India »

IMAX and PVR, the largest…

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AEL

American Equity

$24.63

0.53 (2.20%)

07:38
04/26/17
04/26
07:38
04/26/17
07:38
Initiation
American Equity initiated  »

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  • 04

    May

EADSY

Airbus

$20.22

0.2 (1.00%)

07:38
04/26/17
04/26
07:38
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07:38
Periodicals
China Southern to buy $6B in widebody jets from Airbus, Bloomberg reports »

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SLGN

Silgan Holdings

$60.10

0.24 (0.40%)

07:38
04/26/17
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07:38
Earnings
Silgan Holdings reports Q1 adj. EPS 62c, consensus 54c »

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  • 26

    Apr

  • 09

    May

TROW

T. Rowe Price

$69.59

-3.04 (-4.19%)

07:38
04/26/17
04/26
07:38
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07:38
Downgrade
T. Rowe Price rating change  »

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  • 26

    Apr

TOSBF

Toshiba, also use TOSYY

$1.96

0.024 (1.24%)

, TOSYY

Toshiba, also use TOSBF

$11.76

0.27 (2.35%)

07:38
04/26/17
04/26
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07:38
Periodicals
Toshiba plans to replace auditor PwC, Reuters says »

Toshiba is planning to…

TOSBF

Toshiba, also use TOSYY

$1.96

0.024 (1.24%)

TOSYY

Toshiba, also use TOSBF

$11.76

0.27 (2.35%)

03/08/13
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03/06/13
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03/06/13
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MCD

McDonald's

$141.70

7.47 (5.57%)

07:38
04/26/17
04/26
07:38
04/26/17
07:38
Recommendations
McDonald's analyst commentary  »

McDonald's price…

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  • 31

    May

BA

Boeing

$183.51

1.45 (0.80%)

07:38
04/26/17
04/26
07:38
04/26/17
07:38
Hot Stocks
Boeing backs FY17 CapEx view approximately $2.3B »

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  • 26

    Apr

  • 31

    May

ESRX

Express Scripts

$60.01

-7.24 (-10.77%)

, ANTM

Anthem

$172.46

4.05 (2.40%)

07:37
04/26/17
04/26
07:37
04/26/17
07:37
Recommendations
Express Scripts, Anthem analyst commentary  »

Express Scripts should be…

ESRX

Express Scripts

$60.01

-7.24 (-10.77%)

ANTM

Anthem

$172.46

4.05 (2.40%)

03/08/13
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03/06/13
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03/06/13
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  • 26

    Apr

  • 18

    May

  • 06

    Jun

OC

Owens Corning

$62.22

0.1 (0.16%)

07:37
04/26/17
04/26
07:37
04/26/17
07:37
Hot Stocks
Owens Corning continues to see general corporate expenses $120M-$130M »

Owens Corning continues…

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