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ANGI

Angie's List

$9.57

-0.18 (-1.85%)

, IAC

IAC

$62.12

-0.84 (-1.33%)

10:43
10/07/16
10/07
10:43
10/07/16
10:43

Angie's List board changes may signal a change in M&A stance, say Wells Fargo

Wells Fargo said Angie's List (ANGI) announcement this morning that Chairman of the Board John Chuang and director Steven Kapner have resigned from the board could be viewed as a signal that Angie's could reconsider IAC's (IAC) offer. However, over the last several months IAC has declared repeatedly that they no longer interested in acquiring Angie's. That said, Wells Fargo continues to believe that Angie's List possesses significant strengths, including very high and category leading unaided consumer brand awareness. The firm has a Market Perform rating on Angie List shares.

ANGI

Angie's List

$9.57

-0.18 (-1.85%)

IAC

IAC

$62.12

-0.84 (-1.33%)

ANGI Angie's List
$9.57

-0.18 (-1.85%)

08/04/16
LOOP
08/04/16
INITIATION
Target $12
LOOP
Buy
Angie's List initiated with a Buy at Loop Capital
Loop Capital analyst Blake Harper initiated Angies's List with a Buy and $12 price target.
08/05/16
08/05/16
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. Yelp (YELP) initiated with a Hold at Loop Capital. 2. Angie's List (ANGI) initiated with a Buy at Loop Capital. 3. GrubHub (GRUB) initiated with a Buy at Loop Capital. 4. Symantec (SYMC) reinstated with an Equal Weight at Barclays. 5. La-Z-Boy (LZB) initiated with a Neutral at Longbow. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/19/16
RAJA
08/19/16
UPGRADE
Target $12
RAJA
Outperform
Angie's List upgraded to Outperform from Market Perform at Raymond James
Raymond James analyst Aaron Kessler upgraded Angie's List to Outperform and established a $12 price target. The analyst is encouraged by the early execution of AL 4.0 platform and growth of free subs, and believes increasing product differentiation for advertisers versus non-advertisers should drive increasing paid adoption and improved retention.
08/19/16
08/19/16
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. Symantec (SYMC) upgraded to Buy from Neutral at Citi with analyst Walter Pritchard saying he is positive on financial accretion from the Blue Coat acquisition and views the revenue targets as conservative. 2. Restoration Hardware (RH) upgraded to Conviction Buy from Neutral at Goldman with analyst Matthew Fassler saying he believes the company operates "a potent franchise with low current expectations" that Fassler and team see starting to recover in the fourth quarter. 3. Angie's List (ANGI) upgraded to Outperform from Market Perform at Raymond James with analyst Aaron Kessler saying he is encouraged by the early execution of AL 4.0 platform and growth of free subs, and believes increasing product differentiation for advertisers versus non-advertisers should drive increasing paid adoption and improved retention. 4. Allergan (AGN) upgraded to Buy from Neutral at Mizuho with analyst Irina Koffer saying consensus estimates appear more reasonable following lowered guidance on the second quarter call and is more comfortable with revenue growth. 5. Hormel Foods (HRL) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he predicts that the company's earnings per share will rise in fiscal 2017, while its internal growth rate will increase to 5% in fiscal 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
IAC IAC
$62.12

-0.84 (-1.33%)

03/23/16
RHCO
03/23/16
INITIATION
Target $57
RHCO
Buy
IAC initiated with a Buy at SunTrust
Target $57.
05/05/16
STFL
05/05/16
DOWNGRADE
STFL
Hold
IAC downgraded to Hold from Buy at Stifel
Stifel downgraded IAC based on valuation and its belief that the outlook for the company's publishing and applications businesses is "poor." The firm says that the businesses will be hurt by the growth of the mobile Internet and a less favorable monetization deal with Google.
06/07/16
BMOC
06/07/16
INITIATION
Target $70
BMOC
Outperform
IAC initiated with an Outperform at BMO Capital
BMO Capital analyst Daniel Salmon initiated IAC (IAC) with an Outperform and $70 price target. The analyst is positive view is based on its 84.6% ownership in Match (MTCH), accounting for approximately $58 of its $70 price target, and on HomeAdvisor. Salmon expects revenue to grow at a low-double-digit rate and expect adj. EBITDA margins to expand from 5.1% in 2015 to 10.5% in 2017 as it leverages recent investment in the platform and marketing.
09/20/16
WELS
09/20/16
UPGRADE
WELS
Outperform
IAC upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Peter Stabler upgraded IAC (IAC) to Outperform saying the current share price does not adequately reflect the sum of the company's Match Group (MTCH) stake and its "collection of mature and emerging assets." The analyst also has increased confidence in HomeAdvisor's market position and potential to sustain current momentum. He raised his price target range for IAC shares to $75-$77 from $62-$64.

TODAY'S FREE FLY STORIES

SSD

Simpson Manufacturing

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KSS

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AGN

Allergan

$246.32

-0.84 (-0.34%)

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BAC

Bank of America

$24.79

0.01 (0.04%)

, TSLA

Tesla

$273.51

-3.88 (-1.40%)

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TNC

Tennant

$70.10

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SFTBF

SoftBank

$76.90

-0.3575 (-0.46%)

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Vodafone

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Periodicals
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Vodafone

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THG

Hanover Insurance

$91.08

0.43 (0.47%)

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Conference/Events
Hanover Insurance to host investor day »

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  • 23

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HNR

Harvest Natural

$6.68

0.04 (0.60%)

08:55
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Conference/Events
Harvest Natural to host special shareholder meeting »

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:54
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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:53
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Earnings
Tennant sees 2017 adjusted EPS $2.50-$2.70, consensus $2.83 »

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  • 23

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STNG

Scorpio Tankers

$4.28

-0.01 (-0.23%)

08:53
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08:53
Upgrade
Scorpio Tankers rating change  »

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  • 22

    Mar

KSS

Kohl's

08:52
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Kohl's sees significant improvement in Q1 gross margin »

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  • 23

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:51
02/23/17
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Earnings
Tennant reports Q4 EPS 85c, consensus 76c »

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  • 23

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LMRK

Landmark Infrastructure

08:50
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Breaking Syndicate news story on Landmark Infrastructure »

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  • 02

    Mar

KSS

Kohl's

, UA

Under Armour

$19.78

0.09 (0.46%)

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UA

Under Armour

$19.78

0.09 (0.46%)

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  • 23

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ABBV

AbbVie

$61.36

-0.47 (-0.76%)

, AGN

Allergan

$246.32

-0.84 (-0.34%)

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Piper Jaffray healthcare/pharma analyst holds analyst/industry conference call »

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ABBV

AbbVie

$61.36

-0.47 (-0.76%)

AGN

Allergan

$246.32

-0.84 (-0.34%)

BMY

Bristol-Myers

$55.35

0.57 (1.04%)

ENTA

Enanta

$28.18

-0.36 (-1.26%)

GALT

Galectin Therapeutics

$1.71

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GILD

Gilead

$68.83

-0.46 (-0.66%)

GLMD

Galmed

$4.09

-0.16 (-3.76%)

ICPT

Intercept

$122.79

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MRK

Merck

$65.29

-0.19 (-0.29%)

RGLS

Regulus

$1.08

-0.025 (-2.27%)

VKTX

Viking Therapeutics

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  • 15

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  • 10

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  • 27

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  • 14

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08:50
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General news
Atlanta Fed centrist Lockhart sees the pendulum swinging »

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W

Wayfair

$41.26

1 (2.48%)

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TWX

Time Warner

$96.32

-0.1 (-0.10%)

, T

AT&T

$41.59

-0.14 (-0.34%)

08:46
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Time Warner IR head to lead AT&T integration, THR reports »

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$96.32

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T

AT&T

$41.59

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QQQ

NASDAQ 100 Index Tracking Stock

$130.50

0.05 (0.04%)

, ETE

Energy Transfer Equity

$18.92

-0.13 (-0.68%)

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Largest borrow rate increases among liquid names »

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QQQ

NASDAQ 100 Index Tracking Stock

$130.50

0.05 (0.04%)

ETE

Energy Transfer Equity

$18.92

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FIT

Fitbit

$5.88

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NAK

Northern Dynasty

$1.39

-0.27 (-16.27%)

BX

Blackstone

$30.32

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PCLN

Priceline

$1,651.74

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TBT

ProShares UltraShort 20+ yr Trsry

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TNC

Tennant

$70.10

-1.9 (-2.64%)

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ICON

Iconix Brand

$9.18

-0.03 (-0.33%)

08:43
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Recommendations
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