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NFLX

Netflix

$104.82

-0.25 (-0.24%)

, NBLX

Noble Midstream

$28.31

0.6 (2.17%)

10:25
10/10/16
10/10
10:25
10/10/16
10:25

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX) initiated with a Sell at Deutsche Bank. 2. Noble Midstream (NBLX) initiated with an Overweight at Barclays, a Hold at Deutsche Bank, an Overweight at JPMorgan, an Outperform at Baird, a Buy at Mizuho, a Buy at Citi, and an Overweight at MUFG. 3. AB InBev (BUD) reinstated with a Buy at Goldman. 4. First Solar (FSLR) initiated with a Neutral at Piper Jaffray. First Solar (FSLR) initiated with a Neutral at Piper Jaffray. 5. Molson Coors (TAP) reinstated with a Buy at Goldman and resumed with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

NFLX

Netflix

$104.82

-0.25 (-0.24%)

NBLX

Noble Midstream

$28.31

0.6 (2.17%)

BUD

AB InBev

$127.40

0.15 (0.12%)

FSLR

First Solar

$37.58

-2.17 (-5.46%)

TAP

Molson Coors

$110.00

2.35 (2.18%)

  • 17

    Oct

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    Nov

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    Nov

NFLX Netflix
$104.82

-0.25 (-0.24%)

10/10/16
DBAB
10/10/16
INITIATION
Target $90
DBAB
Sell
Deutsche sees Netflix takeover as unlikely, starts shares at Sell
Deutsche Bank analyst Bryan Kraft initiated shares of Netflix (NFLX) with a Sell rating and $90 price target. The stock closed Friday down 25c to $104.82. The risk/reward is unattractive as consensus expectations reflect an "optimistic case," Kraft tells investors in a research note. Market expectations appear too high through 2020, the analyst contends. He also expresses skepticism that Netflix will be acquired. The business is "too fully formed" and valued to be acquired by Disney (DIS) and Apple (AAPL), Kraft writes. He also sees Amazon.com (AMZN) as a competitive risk to Netflix.
10/10/16
DBAB
10/10/16
INITIATION
Target $90
DBAB
Sell
Netflix initiated with a Sell at Deutsche Bank
Deutsche Bank analyst Bryan Kraft started shares of Netflix with a Sell rating and $90 price target.
10/10/16
RAJA
10/10/16
NO CHANGE
Target $120
RAJA
Outperform
Netflix remains a core holding at Raymond James
Raymond James analyst Justin Patterson said his research suggests US churn peaked in Q2 and he remains comfortable with his 300k US net adds for Q3. Further, Patterson said early International cohorts generate greater than 20% contribution margin and said EBITDA and earnings upside is likely in 2017 and beyond. The analyst recommends owning shares for a profit inflection as investments peaked in 2016 and reiterates his Outperform rating and $120 price target.
10/05/16
10/05/16
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. Netflix (NFLX) initiated with a Buy at Loop Capital. 2. AB InBev (BUD) coverage resumed with an Overweight at Morgan Stanley. 3. Flowers Foods (FLO) initiated with a Neutral at DA Davidson. 4. Blue Buffalo Pet Products (BUFF) initiated with a Buy at DA Davidson. 5. 58.com (WUBA) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
NBLX Noble Midstream
$28.31

0.6 (2.17%)

10/10/16
MUFG
10/10/16
INITIATION
Target $32
MUFG
Overweight
Noble Midstream initiated with an Overweight at MUFG
MUFG analyst Barrett Blaschke started Noble Midstream Partners LP with an Overweight rating and $32 price target.
10/10/16
SBSH
10/10/16
INITIATION
Target $33.5
SBSH
Buy
Noble Midstream initiated with a Buy at Citi
Citi analyst Faisel Khan started Noble Midstream Partners LP with a Buy rating and $33.50 price target.
10/10/16
MZHO
10/10/16
INITIATION
Target $33
MZHO
Buy
Noble Midstream initiated with a Buy at Mizuho
Mizuho analyst Brian Zarahn started Noble Midstream Partners LP with a Buy rating and $33 price target.
10/10/16
BARD
10/10/16
INITIATION
Target $39
BARD
Outperform
Noble Midstream initiated with an Outperform at Baird
Baird analyst Ethan Bellamy started Noble Midstream with an Outperform rating and $39 price target.
BUD AB InBev
$127.40

0.15 (0.12%)

10/05/16
MSCO
10/05/16
INITIATION
MSCO
Overweight
AB InBev coverage resumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Oliver Nicolai resumed coverage on AB InBev with an Overweight saying the SAB acquisition significantly increases volume and sales growth.
10/10/16
GSCO
10/10/16
INITIATION
GSCO
Buy
AB InBev reinstated with a Buy at Goldman
09/29/16
HSBC
09/29/16
NO CHANGE
HSBC
Buy
AB InBev's goal may be to acquire Coca-Cola, says HSBC
HSBC analyst Anthony Bucalo says SABMiller's (SBMRY) merger with AB InBev (BUD), which its shareholders just approved, will impact "nearly every major company across global beverages," especially Heinenken (HINKY). The combined company "represents a strong vehicle for another transaction" if InBev management chooses to do so, Bucalo tells investors in a research note dated yesterday. The analyst believes AB InBev's ultimate goal is the possible acquisition of The Coca-Cola Company (KO). The entire Coca-Cola bottling system, especially for Mexican giant FEMSA (FMX), is impacted by SABMiller joining with AB InBev, Bucalo contends.
FSLR First Solar
$37.58

-2.17 (-5.46%)

10/10/16
PIPR
10/10/16
INITIATION
Target $43
PIPR
Neutral
First Solar initiated with a Neutral at Piper Jaffray
Piper Jaffray analyst Brian Gamble started First Solar with a Neutral rating and $43 price target. The analyst does not have a clear view into 2017 amid margin pressures and market oversupply. He feels the company has a "solid" longer term story, however.
10/06/16
GSCO
10/06/16
DOWNGRADE
GSCO
Neutral
First Solar downgraded to Neutral from Buy at Goldman
10/06/16
GSCO
10/06/16
DOWNGRADE
GSCO
Neutral
First Solar downgraded to Neutral from Buy at Goldman
Goldman analyst Brian Lee downgraded First Solar to Neutral from Buy with a price target of $42, saying 2017 system bookings "appear unlikely to materialize" this late in the second half of 2016.
10/07/16
10/07/16
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. Tyson Foods (TSN) downgraded to Sell from Hold at Pivotal Research with analyst Timothy Ramey citing the broiler price-fixing alleged in the class action complaint filed on September 2. 2. SolarEdge (SEDG) was downgraded to Sell from Neutral at Goldman while the firm also downgraded First Solar (FSLR) to Neutral from Buy. 3. CIT Group (CIT) downgraded to Hold from Buy at Stifel with analyst Christopher Brendler saying investors should sell into the rally that will result from the "impressive" price that the company received for its aircraft business and the approval of its capital plan by the Fed. 4. Fifth Third (FITB) downgraded to Hold from Buy at Jefferies with analyst Ken Usdin saying the shares are reasonably valued following the recent rally. 5. Blackhawk (HAWK) downgraded to Neutral from Buy at BofA/Merrill with analyst David Chu saying the firm's channel checks indicate that conversions to EMV, the new standard for chip-based debit/credit card transactions, are taking longer than expected, which he believes could impact Blackhawk's 2016 guidance and expectations for 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TAP Molson Coors
$110.00

2.35 (2.18%)

09/21/16
SUSQ
09/21/16
NO CHANGE
Target $159
SUSQ
Positive
Molson Coors price target raised to $159 from $129 at Susquehanna
Susquehanna analyst Pablo Zuanic raised his price target on Molson Coors to $159 from $129 citing upcoming catalysts including a new strategy to turn around the brand portfolio, expanded cost savings, and improved margins. Zuanic reiterated his Positive rating on Molson Coors shares.
10/10/16
BOFA
10/10/16
INITIATION
Target $140
BOFA
Buy
Molson Coors coverage resumed with a Buy at BofA/Merrill
BofA/Merrill analyst Bryan Spillane reinstated coverage on Molson Coors with a Buy and a $140 price target.
10/10/16
GSCO
10/10/16
INITIATION
Target $130
GSCO
Buy
Molson Coors reinstated with a Buy at Goldman
Goldman analyst Judy Hong reinstated Molson Coors with a Buy and a $130 price target following the completion of its full acquisition of the MillerCoors US joint venture and global rights to the Miller brand. The analyst views the deal as transformational for Molson Coors and sees solid 10%+ EPS CAGR driven by from sizable margin gains, strong cash generation, and stable top-line growth.
10/10/16
GSCO
10/10/16
DOWNGRADE
Target $43
GSCO
Neutral
Coca-Cola European Partners downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Judy Hong downgraded Coca-Cola European Partners (CCE) to Neutral saying she now sees more upside in shares of Molson Coors (TAP). The analyst sees limited near-term upside in CCE merger synergies and believes currency remains a headwind for the company. Hong keeps a $43 price target for the shares.

TODAY'S FREE FLY STORIES

DUK

Duke Energy

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AEP

American Electric

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WEC

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TKTDY

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TKTDY

Takata

$3.15

1.2199 (63.21%)

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TKTDY

Takata

$3.15

1.2199 (63.21%)

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Takata

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IRDM

Iridium

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TKTDY

Takata

$3.15

1.2199 (63.21%)

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SEAS

SeaWorld

$15.65

-0.16 (-1.01%)

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FB

Facebook

$155.07

1.67 (1.09%)

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FRO

Frontline

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Nestle

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WMT

Wal-Mart

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GOOG

Alphabet

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LNG

Cheniere Energy

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VIA

Viacom

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GSK

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BHVN

Biohaven Pharmaceutical

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ESALY

Eisai

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PTNR

Partner Communications

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