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LOW

Lowe's

$72.09

-0.16 (-0.22%)

08:30
10/07/16
10/07
08:30
10/07/16
08:30

Lowe's to acquire RONA's preferred shares for C$24.00 per share

LOW Lowe's
$72.09

-0.16 (-0.22%)

10/06/16
10/06/16
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. Tesla (TSLA) downgraded to Neutral from Buy at Goldman with analyst David Tamberrino saying he sees incremental risk to Tesla's business related to management's willingness to deploy capital for M&A, and he believes that any delay in the company's new Model 3 launch will be detrimental to shares. 2. JPMorgan (JPM) downgraded to Hold from Buy at Sandler O'Neill with analyst Jeffery Harte citing relative share outperformance. 3. Abercrombie & Fitch (ANF) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jessica Schmidt saying the elevated promotions add to other headwinds, including the fact that the teen space is "overstored" and faces soft consumer demand and weak tourism. 4. American Express (AXP) downgraded to Reduce from Neutral at Nomura with analyst Bill Carcache saying the combination of weaker than expected revenues and higher than expected expenses will weigh on the shares. 5. Lowe's (LOW) downgraded to Neutral from Buy at Cleveland Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/06/16
10/06/16
DOWNGRADE

Neutral
Lowe's downgraded on end market demand, execution at Cleveland Research
As previously reported, Cleveland Research downgraded Lowe's to Neutral from Buy. Analyst led by Eric Bosshard's work suggest a moderation in demand in the building product categories generally and in homecenter categories over the last 4-5 months. He sees Lowe's struggling to sustain the upside execution needed to post growth ahead of Street expectations and has concerns with diversification efforts and would prefer the company focus on improving execution in its core US business.
10/06/16
CLVD
10/06/16
DOWNGRADE
CLVD
Neutral
Lowe's downgraded to Neutral from Buy at Cleveland Research
09/19/16
BARD
09/19/16
NO CHANGE
Target $88
BARD
Outperform
Lowe's risk/reward remains attractive, says Baird
Baird analyst Peter Benedict said the recent pullback in Lowe's shares is an attractive buying opportunity. The analyst cited macro drivers, consistency around key operating initiatives, and a durable financial model capable of delivering high-teens earnings growth over the next few years. Benedict reiterated his Outperform rating and $88 price target on Lowe's shares.

TODAY'S FREE FLY STORIES

ANET

Arista Networks

$94.41

-1.35 (-1.41%)

, CSCO

Cisco

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CSCO

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TKTDY

Takata Corporation

$10.70

0.05 (0.47%)

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DV

DeVry

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0.9 (2.90%)

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  • 09

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CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

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CVM

CEL-SCI

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-0.0014 (-1.17%)

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XOM

Exxon Mobil

$89.00

0.68 (0.77%)

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

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BIIB

Biogen

$287.77

-1.77 (-0.61%)

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SNY

Sanofi

$40.40

0.63 (1.58%)

17:42
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Sanofi to lay off 20% of U.S. diabetes, cardiovascular staff, Bloomberg says »

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  • 29

    Mar

CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

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Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

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TACO

Del Taco

$14.75

-0.39 (-2.58%)

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  • 09

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  • 09

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UNVR

Univar

$26.36

0.54 (2.09%)

, BXLT

Baxalta

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UNVR

Univar

$26.36

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BXLT

Baxalta

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

, NVRO

Nevro

$76.38

-1.88 (-2.40%)

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

NVRO

Nevro

$76.38

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  • 12

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RTN

Raytheon

$146.30

0.14 (0.10%)

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CX

CEMEX

$8.77

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PDEX

PRO-DEX

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PFBX

Peoples Financial

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QUIK

QuickLogic

$0.94

-0.0163 (-1.71%)

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STRZA

Starz

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BEL

Belmond

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, SHAK

Shake Shack

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MS

Morgan Stanley

$43.73

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SHAK

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  • 09

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, LXFT

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$54.40

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

LXFT

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

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