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FIT

Fitbit

09:31
10/07/16
10/07
09:31
10/07/16
09:31

Cleveland Research is cautious on Fitbit heading into Q4 and Q1 2027

Cleveland Research is cautious on Fitbit heading into Q4 and Q1 2027 saying new product uptake is muted and is concerned about inventory levels.

  • 08

    Dec

FIT Fitbit

09/29/16
PACS
09/29/16
DOWNGRADE
PACS
Underweight
Pacific Crest cuts Fitbit to sell, sees share downside to $11
Pacific Crest analyst Brad Erickson downgraded Fitbit (FIT) to Underweight from Sector Weight after his channel checks indicated that Charge 2, the company's flagship holiday product, is off to a slow start. Underweight is Pacific Crest's equivalent of a sell rating. Charge 2 inventory is accumulating in the channel and sell-through is below initial Blaze/Alta levels, Erickson tells investors in a research note. The analyst continues to believe that a large portion of Fitbit owners stop using the device within months. Further, he views the corporate wellness deal between Aetna (AET) and Apple (AAPL) as a "substantial negative" for Fitbit. Erickson sees downside to $11 for shares of Fitbit. The stock closed yesterday up 17c to $16.70.
09/29/16
09/29/16
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. Coca-Cola (KO) downgraded to Hold from Buy at Stifel with analyst Mark Swartzberg saying that Coca-Cola's and Pepsi's organic EPS growth appears to be similar, but he believes that Pepsi is less vulnerable to foreign exchange fluctuations. 2. Fitbit (FIT) downgraded to Underweight from Sector Weight at Pacific Crest analyst Brad Erickson citing his channel checks which indicated that Charge 2, the company's flagship holiday product, is off to a slow start. 3. Discovery (DISCA) downgraded to Market Perform from Outperform at Barrington with analyst James Goss saying that Brexit and sports costs are dragging on its international results and foreign exchange tailwinds are moderating in many geographies. 4. Sonus (SONS) downgraded to Underperform from Market Perform at Cowen with analyst Paul Silverstein saying the firm's industry checks uncovered operational challenges and ongoing employee and executive churn. 5. Alcobra (ADHD) downgraded to Hold from Buy at Cantor and to Perform from Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/29/16
MZHO
09/29/16
NO CHANGE
MZHO
Fitbit shares defended at Mizuho
09/29/16
MZHO
09/29/16
NO CHANGE
MZHO
Fitbit Charge 2 checks remain strong, pullback unwarranted, says Mizuho
Mizuho's checks indicate Fitbit's Charge 2 sell through remains strong with favorable reviews, despite investor concerns. The firm's analyst views the pullback in Fitbit shares as unwarranted, especially since Q3 guidance assume minimal unit sales, and expects the Charge 2 to compete well and serve as a catalyst for Holiday season into Spring 2017. Mizuho continues to believe in Fitbit's long-term opportunity to maintain dominant share with in the increasingly growing global market for wearables while pursing opportunities in the healthcare industry.

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Phillips 66 Partners to sell $750M of Series A preferred units »

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Hot Stocks
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Versartis

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EXEL

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Exelixis rating change  »

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PSXP

Phillips 66 Partners

$48.52

0.37 (0.77%)

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Breaking Hot Stocks news story on Phillips 66 Partners »

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PSXP

Phillips 66 Partners

$48.52

0.37 (0.77%)

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Phillips 66

$89.14

0.07 (0.08%)

07:47
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Hot Stocks
Breaking Hot Stocks news story on Phillips 66 Partners, Phillips 66 »

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$48.52

0.37 (0.77%)

PSX

Phillips 66

$89.14

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X

U.S. Steel

$24.66

-1.13 (-4.38%)

07:47
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Technical Analysis
Technical View: U.S. Steel falls in early trading, analyst action »

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PSXP

Phillips 66 Partners

$48.52

0.37 (0.77%)

, PSX

Phillips 66

$89.14

0.07 (0.08%)

07:47
09/22/17
09/22
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07:47
Hot Stocks
Breaking Hot Stocks news story on Phillips 66 Partners, Phillips 66 »

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PSXP

Phillips 66 Partners

$48.52

0.37 (0.77%)

PSX

Phillips 66

$89.14

0.07 (0.08%)

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PSXP

Phillips 66 Partners

$48.52

0.37 (0.77%)

, PSX

Phillips 66

$89.14

0.07 (0.08%)

07:47
09/22/17
09/22
07:47
09/22/17
07:47
Hot Stocks
Breaking Hot Stocks news story on Phillips 66 Partners, Phillips 66 »

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$48.52

0.37 (0.77%)

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$89.14

0.07 (0.08%)

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ZBH

Zimmer Biomet

$113.06

-2.92 (-2.52%)

07:45
09/22/17
09/22
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Recommendations
Zimmer Biomet analyst commentary  »

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07:45
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General news
N.Y. FX Outlook »

N.Y. FX Outlook: The…

BABA

Alibaba

$177.39

-0.56 (-0.31%)

, TCEHY

Tencent

$44.15

-0.15 (-0.34%)

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Periodicals
Alibaba, Tencent look towards emerging markets in mobile-payments race, WSJ says »

Chinese companies Alibaba…

BABA

Alibaba

$177.39

-0.56 (-0.31%)

TCEHY

Tencent

$44.15

-0.15 (-0.34%)

AAPL

Apple

$153.39

-2.68 (-1.72%)

GOOG

Alphabet

$932.45

0.87 (0.09%)

GOOGL

Alphabet Class A

$947.55

0.01 (0.00%)

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  • 03

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SPR

Spirit AeroSystems

$78.90

0.76 (0.97%)

07:44
09/22/17
09/22
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Conference/Events
Spirit AeroSystems to host investor meeting »

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  • 27

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AERI

Aerie Pharmaceuticals

$51.45

-1.95 (-3.65%)

07:44
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Recommendations
Aerie Pharmaceuticals analyst commentary  »

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  • 25

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CSCO

Cisco

$32.70

0.1 (0.31%)

07:44
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Conference/Events
Cisco management to meet with Deutsche Bank »

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  • 05

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  • 07

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EFX

Equifax

$98.25

2.25 (2.34%)

07:41
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07:41
Technical Analysis
Technical View: Equifax trades higher, analyst action »

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  • 22

    Oct

AA

Alcoa

$46.25

-1.25 (-2.63%)

07:41
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07:41
Downgrade
Alcoa rating change  »

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KMX

CarMax

$68.84

0.17 (0.25%)

07:40
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07:40
Earnings
CarMax reports Q2 EPS 98c, consensus 95c »

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  • 22

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SYK

Stryker

$140.67

-2.04 (-1.43%)

, ZBH

Zimmer Biomet

$113.06

-2.92 (-2.52%)

07:40
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Stryker

$140.67

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ZBH

Zimmer Biomet

$113.06

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  • 26

    Oct

SAVE

Spirit Airlines

$34.01

1.31 (4.01%)

07:39
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Conference/Events
Spirit Airlines to host investor meeting »

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  • 27

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IBM

IBM

$145.26

-0.62 (-0.43%)

, WBA

Walgreens Boots Alliance

$78.20

-0.64 (-0.81%)

07:39
09/22/17
09/22
07:39
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07:39
Hot Stocks
IBM announces new agreement with Walgreens to deploy IBM retail analytics »

IBM (IBM) announced a new…

IBM

IBM

$145.26

-0.62 (-0.43%)

WBA

Walgreens Boots Alliance

$78.20

-0.64 (-0.81%)

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  • 22

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07:38
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07:38
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Conference/Events
Federal Reserve Bank of Dallas President participates in a conference »

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07:37
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Conference/Events
Federal Reserve Bank of Kansas City President to speak at conference »

Kansas City Federal…

MYGN

Myriad Genetics

$33.61

0.1 (0.30%)

07:36
09/22/17
09/22
07:36
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07:36
Recommendations
Myriad Genetics analyst commentary  »

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