Breaking News Instant updates and real-time market news.

ODP

Office Depot

$3.39

0.02 (0.59%)

12:09
10/13/16
10/13
12:09
10/13/16
12:09

Office Depot to close retail stores on Thanksgiving Day

Office Depot, through its Office Depot and OfficeMax brands, announced that after reviewing both business and personal dynamics this year, all Office Depot and OfficeMax stores will be closed on Thanksgiving Day, allowing associates to spend time with their family and friends. "As we evaluated our store hours for this holiday and weighed the business and personal considerations, we decided it was best to provide our associates with the day off to spend time with family and friends by closing our retail stores on Thanksgiving Day," said Troy Rice, chief operating officer of North America for Office Depot, Inc. "While our stores will be closed on Thanksgiving Day, customers can shop our website starting at 12:01a.m. on Thursday for great Black Friday deals on laptops, gifts and office supplies."

ODP Office Depot
$3.39

0.02 (0.59%)

05/11/16
OPCO
05/11/16
NO CHANGE
OPCO
Office products retail outlook 'more precarious,' says Oppenheimer
Oppenheimer analyst Brian Nagel views the outlook for office products retail and its leading chains as "more and more precarious," following the decision of a federal judge to side with the Federal Trade Commission and halt the proposed merger of Staples (SPLS) and Office Depot (ODP). Both companies have already announced intentions to focus on internal opportunities and plans to restructure their operating models, which should lead to better bottom-line trends, nearer term, the analyst tells investors in a research note. He adds, however, that top-line growth will remain a challenge, given significant competition and product cycle dislocations. Nagel also notes that he believes that the blocking of this merger could set a precedent for the retail group on whole, viewing a combination of either AutoZone (AZO) or O'Reilly Auto (ORLY) with Advance Auto Parts (AAP) as less than likely.
05/11/16
05/11/16
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. Office Depot (ODP) downgraded to Hold at Jefferies and to Sell at UBS while Staples (SPLS) was downgraded to Hold at Jefferies and Neutral at UBS after the merger was blocked and terminated. Jefferies analyst Daniel Binder said both companies are now vulnerable to secular decline and increased competition. UBS analyst Michael Lasser said Staples' earnings will likely stagnate while Office Depot's sales will likely continue trending downward. 2. Sapiens (SPNS) downgraded to Sell at Roth Capital by analyst Richard Baldry, who said software sales eroded steadily in 2015, leaving the company unwilling to break out software contribution any longer. 3. SeaWorld (SEAS) double downgraded to Underperform at Credit Suisse with analyst Benjamin Chaiken saying expectations for the company are ahead of themselves heading into the 2016 season. 4. Ross Stores (ROST) downgraded to Underweight at Piper Jaffray by analyst Neely Tamminga, who cited the weak consumer environment and said the shares could come under pressure should the first fiscal quarter underwhelm investors. 5. EPIRUS (EPRS) downgraded to Neutral at BTIG and Wedbush after yesterday's announcement of management changes and a strategic change in direction. Wedbush analyst Heather Behanna said 2016 will bring little news flow or clarity on pipeline progress outside of potential partnering activities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/17/16
UBSW
05/17/16
NO CHANGE
Target $4
UBSW
Sell
Office Depot investors should proceed with caution, says UBS
UBS said the Office Depot strategic update was underwhelming, but that low expectations have been priced into the stock. The firm noted the company has hired Bain Capital to help it explore alternatives, but said until more strategic direction detail is released it is best to proceed with caution. UBS reiterated its Sell rating and $4 price target on Office Depot shares.
05/23/16
05/23/16
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. Allegheny Technologies (ATI) double upgraded to Buy at BofA/Merrill by analyst Timna Tanners, who has increased confidence in the company's engine positioning giving a solid outlook for aerospace and a more neutral view on nickel prices. 2. Universal Display (OLED) upgraded to Buy at Goldman with analyst Brian Lee saying the company should be a key beneficiary of Apple's (AAPL) first-time adoption of OLED displays for iPhone starting in 2017. 3. Schlumberger (SLB) upgraded to Conviction Buy at Goldman by analyst Waqar Syed, who said the company is best positioned for the "New Oil Order" due to its exposure to incremental sources of oil supply. 4. Square (SQ) upgraded to Buy at CLSA following the lockup expiration and overblown credit concerns. The firm said the lockup expiration is behind the company. 5. Staples (SPLS) double upgraded to Buy at BofA/Merrill by analyst Denise Chai, who said the sell-off following the termination of the Office Depot (ODP) merger has created an attractive entry point ahead of a potential earnings upside. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TECK

Teck Resources

$21.26

-0.7 (-3.19%)

05:58
04/26/17
04/26
05:58
04/26/17
05:58
Earnings
Teck Resources raises dividend, announces dividend policy »

Teck Resources announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MPW

Medical Properties Trust

$13.84

0.03 (0.22%)

05:56
04/26/17
04/26
05:56
04/26/17
05:56
Syndicate
Medical Properties Trust 37.5M share Spot Secondary priced at $13.25 »

The deal range was…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Jun

  • 26

    Apr

CRAY

Cray

$19.15

-0.25 (-1.29%)

05:55
04/26/17
04/26
05:55
04/26/17
05:55
Hot Stocks
Cray signs solutions provider agreement with Mark III Systems »

Cray announced the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

  • 30

    May

ISRG

Intuitive Surgical

$827.24

5.06 (0.62%)

05:54
04/26/17
04/26
05:54
04/26/17
05:54
Hot Stocks
Intuitive Surgical receives CE Mark for new da VinciX Surgical System »

Intuitive Surgical…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BTU

Peabody Energy

$26.10

-0.29 (-1.10%)

05:54
04/26/17
04/26
05:54
04/26/17
05:54
Upgrade
Peabody Energy rating change  »

Peabody Energy reinstated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 04

    May

AUDC

AudioCodes

$6.62

0.11 (1.69%)

05:51
04/26/17
04/26
05:51
04/26/17
05:51
Earnings
AudioCodes reports Q1 EPS 7c, consensus 7c »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CREE

Cree

$24.82

0.07 (0.28%)

05:51
04/26/17
04/26
05:51
04/26/17
05:51
Downgrade
Cree rating change  »

Cree downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    May

BIG

Big Lots

$49.57

-0.36 (-0.72%)

05:49
04/26/17
04/26
05:49
04/26/17
05:49
Upgrade
Big Lots rating change  »

Big Lots upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

APTI

Apptio

$12.80

0.09 (0.71%)

05:48
04/26/17
04/26
05:48
04/26/17
05:48
Upgrade
Apptio rating change  »

Apptio upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 04

    May

NORD

Nord Anglia

$32.82

5.2 (18.83%)

05:46
04/26/17
04/26
05:46
04/26/17
05:46
Downgrade
Nord Anglia rating change  »

Nord Anglia downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Apr

AKS

AK Steel

$6.40

-0.72 (-10.11%)

05:44
04/26/17
04/26
05:44
04/26/17
05:44
Recommendations
AK Steel analyst commentary  »

AK Steel selloff a buying…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    May

CMG

Chipotle

$471.76

2.97 (0.63%)

05:43
04/26/17
04/26
05:43
04/26/17
05:43
Downgrade
Chipotle rating change  »

Chipotle downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SHOP

Shopify

$76.65

0.82 (1.08%)

05:43
04/26/17
04/26
05:43
04/26/17
05:43
Downgrade
Shopify rating change  »

Shopify downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

  • 24

    May

ALGT

Allegiant Travel

$163.85

-1.2 (-0.73%)

05:40
04/26/17
04/26
05:40
04/26/17
05:40
Downgrade
Allegiant Travel rating change  »

Allegiant Travel…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DYN

Dynegy

$6.19

-0.11 (-1.75%)

05:37
04/26/17
04/26
05:37
04/26/17
05:37
Upgrade
Dynegy rating change  »

Dynegy upgraded to Hold…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    May

RSPP

RSP Permian

$38.69

1.32 (3.53%)

05:33
04/26/17
04/26
05:33
04/26/17
05:33
Initiation
RSP Permian initiated  »

RSP Permian reinstated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    May

CPE

Callon Petroleum

$12.24

0.39 (3.29%)

05:32
04/26/17
04/26
05:32
04/26/17
05:32
Initiation
Callon Petroleum initiated  »

Callon Petroleum…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    May

LOGI

Logitech

$31.79

0.99 (3.21%)

05:32
04/26/17
04/26
05:32
04/26/17
05:32
Earnings
Logitech backs FY18 outlook of high single-digit retail sales growth »

Logitech confirmed its…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

FSNN

Fusion Telecommunications

$1.43

0.01 (0.70%)

05:31
04/26/17
04/26
05:31
04/26/17
05:31
Initiation
Fusion Telecommunications initiated  »

Fusion Telecommunications…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    May

LOGI

Logitech

$31.79

0.99 (3.21%)

05:30
04/26/17
04/26
05:30
04/26/17
05:30
Earnings
Logitech reports Q4 EPS 15c, consensus 17c »

Reports Q4 revenue $496M,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

SKYAY

Sky

$50.26

0.05 (0.10%)

05:29
04/26/17
04/26
05:29
04/26/17
05:29
Upgrade
Sky rating change  »

Sky upgraded to Buy from…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WFC

Wells Fargo

$54.56

0.91 (1.70%)

05:26
04/26/17
04/26
05:26
04/26/17
05:26
Hot Stocks
Wells Fargo issues statement in response to CA State Treasurer John Chiang »

"Notwithstanding the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    May

  • 31

    May

  • 13

    Jul

  • 12

    Oct

  • 15

    Jan

KLRE

KLR Energy Acquisition

$10.55

0.1384 (1.33%)

04:55
04/26/17
04/26
04:55
04/26/17
04:55
Conference/Events
KLR Energy Acquisition to host special shareholder meeting »

Special Shareholder…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

IONS

Ionis Pharmaceuticals

$47.88

2.14 (4.68%)

04:55
04/26/17
04/26
04:55
04/26/17
04:55
Conference/Events
Ionis Pharmaceuticals management to meet with Needham »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 26

    Apr

  • 24

    May

ADMS

Adamas Pharmaceuticals

$16.36

0.51 (3.22%)

, AVXS

AveXis

$78.74

-0.44 (-0.56%)

04:55
04/26/17
04/26
04:55
04/26/17
04:55
Conference/Events
American Academy of Neurology »

69th Annual Meeting of…

ADMS

Adamas Pharmaceuticals

$16.36

0.51 (3.22%)

AVXS

AveXis

$78.74

-0.44 (-0.56%)

CATB

Catabasis Pharmaceuticals

$1.48

-0.02 (-1.33%)

MNOV

MediciNova

$5.57

0.14 (2.58%)

IONS

Ionis Pharmaceuticals

$47.88

2.14 (4.68%)

FLKS

Flex Pharma

$3.07

0.01 (0.33%)

TGTX

TG Therapeutics

$12.00

1.6 (15.38%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 26

    Apr

  • 24

    May

  • 05

    Jun

  • 05

    Jun

  • 06

    Jun

  • 24

    Aug

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.