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PHG

Philips

$29.75

0.01 (0.03%)

08:10
10/07/16
10/07
08:10
10/07/16
08:10

Philips negotiates 5%-7% lower LED procurement prices for 1H17, DigiTimes says

Philips negotiated a 5%-7% cut in 1H17 procurement prices for LED devices used in its own-brand LED lighting, reports DigiTimes, citing industry sources. Reference Link

PHG Philips
$29.75

0.01 (0.03%)

08/10/16
UBSW
08/10/16
UPGRADE
UBSW
Buy
Philips upgraded to Buy from Neutral at UBS
08/10/16
UBSW
08/10/16
UPGRADE
UBSW
Buy
Philips upgraded to Buy at UBS
As reported previously, UBS raised Phillips to Buy from Neutral. The firm sees reason for optimism for investors, citing management's targets for margin growth, improved momentum in two key divisions, and the company's position in businesses that are likely to benefit from the secular shift toward value based care.
08/10/16
08/10/16
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. Disney (DIS) upgraded to Outperform from Neutral at Macquarie with analyst Tim Nollen saying he thinks Disney owning this technology gives it commanding position on future content viewership as Bam Tech is a premier OTT streaming technology, allowing Disney to connect directly with consumers. 2. Coach (COH) upgraded to Neutral from Underperform at BofA/Merrill with analyst Lorraine Hutchinson saying management guided margins to 18.5-19%, in line with her 18.5% estimate, reflecting a strategic reduction in the wholesale business, thinks more realistic EBIT targets indicates management has de-risked its outlook, and expects consensus estimates to move towards hers. 3. Philips (PHG) upgraded to Buy from Neutral at UBS with the firm citing management's targets for margin growth, improved momentum in two key divisions, and the company's position in businesses that are likely to benefit from the secular shift toward value based care. 4. Yelp (YELP) upgraded to Outperform from Market Perform at Raymond James, to Neutral from Underperform at BofA/Merrill, to Buy from Hold at Axiom, and to Buy from Neutral at Mizuho. 5. General Dynamics (GD) upgraded to Outperform from Market Perform at Bernstein with Douglas Harned saying shares of General Dynamics are valued at a larger discount to other prime contractors than it has been in the last 14 years and overly discounts weakness in the large cabin business jet market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/23/16
JEFF
08/23/16
DOWNGRADE
Target $58
JEFF
Underperform
ResMed cut to Underperform at Jefferies as peer seen closing gap
As previously reported, Jefferies analyst Anthony Petrone downgraded ResMed (RMD) to Underperform from Hold, noting that the firm's survey and expert calls indicate that those in the field see the company's AirSense10 as still "best-in-class," but Philips' (PHG) Dream has closed the gap while being priced at a discount. Lower Medicare rates that just became effective are pressuring private rates and are seen leading to further consolidation and price pressure, the analyst added. Petrone cut his price target on ResMed shares to $58 from $60.

TODAY'S FREE FLY STORIES

PES

Pioneer Energy

$6.70

0.45 (7.20%)

05:31
12/07/16
12/07
05:31
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05:31
Syndicate
Pioneer Energy 10.5M share Spot Secondary priced at $5.75 »

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  • 07

    Dec

SLM

Sallie Mae

$10.78

0.23 (2.18%)

05:30
12/07/16
12/07
05:30
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05:30
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Sallie Mae initiated  »

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MIK

Michaels

$23.85

-0.46 (-1.89%)

05:29
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05:29
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Michaels rating change  »

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K

Kellogg

$71.97

0.3 (0.42%)

05:28
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05:28
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Kellogg rating change  »

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NAVI

Navient

$17.03

0.03 (0.18%)

05:28
12/07/16
12/07
05:28
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05:28
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Navient initiated  »

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VRSK

Verisk Analytics

$83.04

0.13 (0.16%)

05:25
12/07/16
12/07
05:25
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05:25
Initiation
Verisk Analytics initiated  »

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  • 08

    Dec

CMCO

Columbus McKinnon

$27.59

1.07 (4.03%)

05:25
12/07/16
12/07
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05:25
Hot Stocks
Columbus McKinnon to acquire STAHL CraneSystems for about $240M »

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CLGX

CoreLogic

$37.89

-0.28 (-0.73%)

05:24
12/07/16
12/07
05:24
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05:24
Initiation
CoreLogic initiated  »

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  • 15

    Dec

MGP

MGM Growth

$24.60

-0.18 (-0.73%)

, GLPI

Gaming and Leisure Properties

$30.70

0.24 (0.79%)

05:21
12/07/16
12/07
05:21
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05:21
Downgrade
MGM Growth, Gaming and Leisure Properties, Boyd Gaming rating change  »

MGM Growth downgraded to…

MGP

MGM Growth

$24.60

-0.18 (-0.73%)

GLPI

Gaming and Leisure Properties

$30.70

0.24 (0.79%)

BYD

Boyd Gaming

$19.63

0.39 (2.03%)

03/08/13
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ASX

Advanced Semiconductor

$5.38

0.11 (2.09%)

05:20
12/07/16
12/07
05:20
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05:20
Hot Stocks
Advanced Semiconductor reports Nov. revenue up 1.3% to $821M »

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ACIA

Acacia Communications

$70.14

1.08 (1.56%)

05:19
12/07/16
12/07
05:19
12/07/16
05:19
Hot Stocks
Acacia Communications establishes EMEA-APAC headquarters in Limerick, Ireland »

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NVS

Novartis

$68.96

-0.01 (-0.01%)

05:18
12/07/16
12/07
05:18
12/07/16
05:18
Hot Stocks
Novartis drug Lucentis receives EU approval in new indication »

Novartis announced that…

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WDC

Western Digital

$63.85

1.76 (2.83%)

05:18
12/07/16
12/07
05:18
12/07/16
05:18
Recommendations
Western Digital analyst commentary  »

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F

Ford

$12.56

0.12 (0.96%)

05:16
12/07/16
12/07
05:16
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05:16
Hot Stocks
Ford reports Nov. China sales up 17% to 124,113 vehicles »

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  • 05

    Jan

  • 10

    Jan

MU

Micron

$19.06

0.45 (2.42%)

05:15
12/07/16
12/07
05:15
12/07/16
05:15
Initiation
Micron initiated  »

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  • 07

    Dec

  • 21

    Dec

ESGR

Enstar Group

$194.15

0.5 (0.26%)

05:12
12/07/16
12/07
05:12
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05:12
Hot Stocks
Enstar Group announces reinsurance of QBE Legacy U.S. business »

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TRUE

TrueCar

$12.44

0.02 (0.16%)

05:10
12/07/16
12/07
05:10
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05:10
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TrueCar analyst commentary  »

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TWI

Titan International

$11.68

0.08 (0.69%)

05:10
12/07/16
12/07
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05:10
Hot Stocks
Titan International appoints interim CFO James Froisland to CFO »

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ANET

Arista Networks

$93.86

1.11 (1.20%)

, HPE

HP Enterprise

$23.96

-0.25 (-1.03%)

05:08
12/07/16
12/07
05:08
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05:08
Recommendations
Arista Networks, HP Enterprise analyst commentary  »

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ANET

Arista Networks

$93.86

1.11 (1.20%)

HPE

HP Enterprise

$23.96

-0.25 (-1.03%)

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  • 12

    Dec

  • 12

    Dec

DPSGY

Deutsche Post

$31.62

0.015 (0.05%)

05:03
12/07/16
12/07
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05:03
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Deutsche Post rating change  »

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DLLLY

Delta Lloyd

05:03
12/07/16
12/07
05:03
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05:03
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Delta Lloyd rating change  »

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SSREY

Swiss Re

$23.68

0.195 (0.83%)

05:02
12/07/16
12/07
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05:02
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Swiss Re rating change  »

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ZURVY

Zurich Insurance

$26.82

0.365 (1.38%)

05:01
12/07/16
12/07
05:01
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05:01
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Zurich Insurance rating change  »

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AV

Aviva

$11.86

0.36 (3.13%)

05:00
12/07/16
12/07
05:00
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05:00
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Aviva rating change  »

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BHP

BHP Billiton

$38.34

-0.4 (-1.03%)

04:58
12/07/16
12/07
04:58
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04:58
Downgrade
BHP Billiton rating change  »

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  • 07

    Dec

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