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TWTR

Twitter

$17.75

0.19 (1.08%)

, TSN

Tyson Foods

$71.16

0.66 (0.94%)

10:38
10/11/16
10/11
10:38
10/11/16
10:38

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena citing the recent pullback in the shares. 2. Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. 3. Virgin America (VA) upgraded to Neutral from Underweight at JPMorgan with analyst Jamie Baker saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." 4. Cummins (CMI) was upgraded to Conviction Buy from Neutral and Caterpillar (CAT) was upgraded to Buy from Neutral at Goldman. 5. Carbonite (CARB) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying he sees "substantial upside" from current levels due to valuation and fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TWTR

Twitter

$17.75

0.19 (1.08%)

TSN

Tyson Foods

$71.16

0.66 (0.94%)

VA

Virgin America

$52.35

-0.6 (-1.13%)

CMI

Cummins

$130.61

2.44 (1.90%)

CAT

Caterpillar

$88.96

0.741 (0.84%)

CARB

Carbonite

$14.77

-0.02 (-0.14%)

  • 25

    Oct

  • 03

    Nov

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    Nov

  • 30

    Nov

TWTR Twitter
$17.75

0.19 (1.08%)

10/10/16
JPMS
10/10/16
NO CHANGE
Target $95
JPMS
Overweight
JPMorgan sees 'opportune entry point' for Salesforce
JPMorgan analyst Mark Murphy believes shares of Salesforce (CRM) are at an "'opportune entry point" following the recent selloff. The pullback has been driven by a "slightly soft" Q2 and concerns about a potentially expensive acquisition of Twitter (TWTR), Murphy tells investors in a research note. After speaking to industry contacts at Dreamforce, the analyst sees a path for the "overhangs to fade" with a "better pace of business in Q3/Q4" as well as the eventual fading of the Twitter discussion. Murphy reiterates an Overweight rating on Salesforce with a $95 price target in a research note titled "The Most Valuable Cloud Asset Is Undeservedly Undervalued."
10/11/16
EVER
10/11/16
UPGRADE
Target $17
EVER
Hold
Twitter upgraded to Hold from Sell at Evercore ISI
Evercore ISI analyst Ken Sena upgraded Twitter (TWTR) to Neutral citing the recent pullback in the shares. The analyst notes that the selloff "from a stalled sale process" has put the stock more in-line with his unchanged price target of $17. Sena thinks Twitter's guidance for Q3 "may prove sufficiently conservative."
10/11/16
DBAB
10/11/16
NO CHANGE
Target $22
DBAB
Buy
Twitter guidance could meet, exceed estimates, says Deutsche Bank
Deutsche Bank analyst Ross Sandler says that for the first time in a year, Twitter's guidance could meet or exceed consensus expectations. The analyst sees a good risk/reward profile for shares into the company's Q3 results. He notes that his channel checks point to a "high-end of the range" revenue with "slightly up" monthly active users for Q3. Twitter's NFL live video project "has been by all accounts a smashing success," Sandler tells investors in a research note. He keep a Buy rating on Twitter with a $22 price target.
10/07/16
ADAM
10/07/16
NO CHANGE
Target $95
ADAM
Buy
Salesforce worthy of investor consideration at current levels, says Canaccord
Canaccord analyst Richard Davis came away from the Salesforce (CRM) Dreamforce week more enthused about the company's outlook. The analyst noted the company is growing its revenues 3.5 times faster than it legacy peers. Davis noted the company's CEO said they are very disciplined on price when it comes to acquisitions and believes that they would not be interested in Twitter (TWTR) at its rumored asking price of $28 per share. Davis reiterated his Buy rating and $95 price target on Salesforce shares.
TSN Tyson Foods
$71.16

0.66 (0.94%)

10/10/16
JPMS
10/10/16
NO CHANGE
JPMS
Neutral
Tyson Foods selloff Friday a buying opportunity, says JPMorgan
JPMorgan analyst Ken Goldman recommends using Friday's weakness in shares of Tyson Foods as a buying opportunity. The complaint filed against chicken producers last month appears to have insufficient evidence at this time, Goldman tells investors in a research note. He expects Tyson to report "very strong" results over the next "quarter or two" and keeps the Neutral-rated shares on his firm's Focus List.
10/11/16
BMOC
10/11/16
UPGRADE
BMOC
Outperform
Tyson Foods upgraded to Outperform from Market Perform at BMO Capital
10/10/16
LYON
10/10/16
UPGRADE
LYON
Buy
Tyson Foods upgraded to Buy from Outperform at CLSA
CLSA analyst Jeremy Scott upgraded Tyson Foods to Buy and increased its price target to $86 from $85 saying the class action suit is baseless and lacks any victims. Scott said the case is flawed because it lacks evidence, misrepresents the consequences, badly confuses game theory with collusion. He notes the wholesale broiler composite has averaged 70c/lb over the past 12 months, down 1% from the 2008 level of 71s, compared to beef, up 40% and pork up 20%. Scott recommends investors take advantage of the unsubstantiated noise and buy shares.
10/11/16
BMOC
10/11/16
UPGRADE
BMOC
Outperform
Tyson Foods upgraded on fundamentals, valuation at BMO Capital
As noted earlier, BMO Capital analyst Kenneth Zaslow upgraded Tyson Foods to Outperform from Market Perform. The analyst thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. Moreover, the analyst expects the company to deliver "sustainable growth" in fiscal 2018, and he thinks that the impact of the class action lawsuit against it will probably be "limited." Target to $84 from $77.
VA Virgin America
$52.35

-0.6 (-1.13%)

06/01/16
UBSW
06/01/16
NO CHANGE
Target $74
UBSW
Buy
Alaska Air shares oversold on synergy target concerns, says UBS
UBS believes Alaska Air (ALK) shares are oversold due to synergy target concerns regarding its acquisition of Virgin America (VA). The firm expects to see multiple expansion as PRASM trends begin to look more like the rest of the industry. UBS lowered its estimates and price target on the back of the recent fuel price move and the higher leverage and lower cash return to shareholders due to its Virgin America deal. UBS lowered its price target to $74 from $87 on Alaska Air shares while reiterating its Buy rating.
06/14/16
RAJA
06/14/16
DOWNGRADE
Target $88
RAJA
Outperform
Alaska Air downgraded to Outperform from Strong Buy at Raymond James
Raymond James analyst Savanthi Syth downgraded Alaska Air Group (ALK) to Outperform saying domestic fare weakness and a lack of clarity on the earnings impact from the acquisition of Virgin America (VA) will delay upside in the shares. The analyst lowered Alaska Air's price target to $88 from $105.
09/23/16
IMPC
09/23/16
INITIATION
Target $57
IMPC
In-Line
Virgin America initiated with an In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin started Virgin America with an In-Line rating and $57 price target.
10/11/16
JPMS
10/11/16
UPGRADE
JPMS
Neutral
Virgin America upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Jamie Baker upgraded Virgin America (VA) to Neutral saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." The analyst has a $52.50 price target for Virgin shares.
CMI Cummins
$130.61

2.44 (1.90%)

09/06/16
DBAB
09/06/16
INITIATION
DBAB
Deutsche Bank starts U.S. Machinery group with 'cautious view'
Deutsche Bank analysts Nicole DeBlase, Saree Boroditsky, and Kevin Marek initiated the U.S. Machinery group with a "cautious view." While the analysts see the natural resource markets as having bottomed, they also only expect "low-single digit industry organic growth through 2020." The team's top pick is Caterpillar (CAT), and they are also positive on Oshkosh Corp (OSK) and Wabtec (WAB), all of which are Buy rated, but are negative on CNH Industrial (CNHI) and Cummins (CMI), which are Sell rated.
10/11/16
GSCO
10/11/16
UPGRADE
Target $162
GSCO
Conviction Buy
Cummins upgraded to Conviction Buy from Neutral at Goldman
Goldman analyst Jerry Revich upgraded CMI to Conviction Buy from Neutral saying he expects structurally higher margins in this cycle. The analyst said key end markets are bottoming, margins are well above prior cycle trough, and sees further upside to margin expectations driven by the Power Systems restructuring. Revich raised Cummins' price target to $162 from $134 based on mid-cycle valuation and the catalyst of new electronic logging standards that suggest potential US and international truck demand should begin to normalize.
09/07/16
09/07/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Navistar (NAV) initiated with a Hold at Deutsche Bank. 2. Barrick Gold (ABX) initiated with a Sell at Berenberg while the firm initiated Randgold (GOLD), Kinross Gold (KGC), and Goldcorp (GG) with a Hold. 3. 3. After the close on Tuesday, Deutsche Bank analysts Nicole DeBlase, Saree Boroditsky, and Kevin Marek initiated the U.S. Machinery group with a "cautious view." Oshkosh (OSK), Caterpillar (CAT), and Wabtec (WAB) were initiated with Buy ratings at Deutsche Bank, while the firm initiated Cummins (CMI) and CNH Industrial (CNHI) with Sell ratings. The firm also initiated Deere (DE), AGCO (AGCO), Terex (TEX), PACCAR (PCAR), WABCO (WBC), and United Rentals (URI) with Hold ratings. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/30/16
LYON
09/30/16
INITIATION
Target $150
LYON
Buy
Cummins initiated with a Buy at CLSA
CLSA analyst Kristine Kubacki initiated Cummins with a Buy and a $150 price target. The analyst Cummins is nearing deep trough levels in many of its end markets and expects a recovery in major North American and industrial end markets in 2018.
CAT Caterpillar
$88.96

0.741 (0.84%)

09/19/16
OTRG
09/19/16
DOWNGRADE
OTRG
Mixed
Caterpillar downgraded to Mixed from Positive at OTR Global
OTR Global downgraded Caterpillar to Mixed saying Q3 global new heavy equipment orders are down 8-11% year-over-year on weakness in North American. The firm said EMEA North American used equipment availability is looser and dealers expect further used pricing pressures as large volumes of leased machines are returned to Caterpillar Financial.
10/11/16
GSCO
10/11/16
UPGRADE
Target $112
GSCO
Buy
Caterpillar upgraded to Buy from Neutral at Goldman
Goldman analyst Jerry Revich upgraded Caterpillar to Buy and raised its price target to $112 from $76 based on expectations for structurally higher margins in this cycle. The analyst believes stabilization in capex budgets suggest eventual normalization in mining equipment share of capex budgets. Following, the completion of the tier 4 product cycle, Revich said Caterpillar's R&D/sales is at 30+ year highs at 5.2% of sales, driving his view of flat to down R&D spending in a recovery, which is a 5% tailwind to incremental margins. The analyst sees $8 in mid-cycle earnings, well ahead of investor expectations, and said mutual funds are broadly underweight Caterpillar shares.
09/19/16
09/19/16
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. PayPal (PYPL) downgraded to Hold from Buy at Canaccord with analyst Michael Graham saying he expects TPV growth to remain solid driven by Venmo and One Touch, but said these factors are well understood and reflected in estimates. 2. Viacom (VIA, VIAB) downgraded to Hold from Buy at Stifel with analyst Benjamin Mogil saying the stock's valuation is no longer attractive in the wake of the news that the company had decided to table its plans to sell a minority stake in Paramount. 3. Caterpillar (CAT) downgraded to Mixed from Positive at OTR Global with the firm saying third quarter global new heavy equipment orders are down 8%-11% year-over-year on weakness in North American. 4. Western Union (WU) downgraded to Negative from Neutral at Susquehanna with analyst James Friedman saying he is concerned about downside risks given the company's high multiple, increased regulatory scrutiny, and the lack of improvement in its Middle East business. 5. Campbell Soup (CPB) downgraded to Hold from Buy at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CARB Carbonite
$14.77

-0.02 (-0.14%)

10/11/16
OPCO
10/11/16
UPGRADE
Target $21
OPCO
Outperform
Carbonite upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst Brian Schwartz upgraded Carbonite to Outperform saying he sees "substantial upside" from current levels due to valuation and fundamentals. The company's eVault growth plan and cost savings are being underappreciated by investors, making 2017 estimates too low, Schwartz tells investors in a research note. The analyst has a $21 price target for the shares.
06/10/16
RILY
06/10/16
INITIATION
Target $15
RILY
Buy
Carbonite initiated with a Buy at B. Riley
B. Riley analyst Ian Corydon started Carbonite with a Buy rating and $15 price target.

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$117.25

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CB&I

$20.03

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Luminex

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InVivo Therapeutics

$2.75

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MSA Safety

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HCA Holdings

$86.01

-0.61 (-0.70%)

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STT

State Street

$87.90

0.08 (0.09%)

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Olin Corp.

$29.31

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TransUnion

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PayPal

$52.73

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ADMA

ADMA Biologics

$4.06

0.46 (12.78%)

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CKH

Seacor

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Murphy USA

$72.01

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