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EL

Estee Lauder

$88.15

-0.03 (-0.03%)

16:30
10/13/16
10/13
16:30
10/13/16
16:30

Estee Lauder downgraded to Neutral after teen survey at Piper Jaffray

As previously reported, Piper Jaffray analyst Steph Wissink downgraded Estee Lauder to Neutral from Overweight following the firm's semi-annual proprietary "Taking Stock With Teens" survey. The company's brands have ceded share both year-over-year and sequentially since spring, noted Wissink, who added that she believes its legacy brands are less able to rely on traditional marketing and promotion to gain share. The analyst cut her price target on Estee Lauder to $90 from $98.

EL Estee Lauder
$88.15

-0.03 (-0.03%)

09/09/16
09/09/16
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. JPMorgan (JPM) downgraded to Neutral from Outperform at Macquarie with analyst David Konrad citing valuation. 2. CarMax (KMX) downgraded to Neutral from Buy at Buckingham with analyst Glenn Chin citing valuation. 3. Eaton (ETN) and Ingersoll-Rand (IR) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jeffrey Hammond citing his more cautious outlook for nonresidential construction. 4. Estee Lauder (EL) downgraded to Hold from Buy at Argus with analyst John Staszak saying it will be difficult for the company to achieve further market share gains, given increased competition, slowing growth in the premium beauty products space, and a "challenging" macro environment. 5. SAIC (SAIC) downgraded to Market Perform from Outperform at Cowen and to Hold from Buy at Drexel Hamilton. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/16
PIPR
10/03/16
NO CHANGE
PIPR
Chinese tax changes modestly positive for cosmetics makers, says Piper Jaffray
Piper Jaffray analyst Stephanie Wissink noted that the Chinese Ministry of Finance has reduced or eliminated the consumption tax on all cosmetic products as of October 1 to stimulate demand and growth, which she views as a modest positive for Estee Lauder (EL), Avon Products (AVP) and Coty (COTY). Of the three, Estee Lauder has the highest exposure to China, which makes up about 10% of its annual revenues, Wissink added.
10/13/16
PIPR
10/13/16
DOWNGRADE
PIPR
Neutral
Estee Lauder downgraded to Neutral from Overweight at Piper Jaffray

TODAY'S FREE FLY STORIES

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General news
FX Update: The dollar has consolidated post-FOMC minutes losses »

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OCLR

Oclaro

$9.72

-1.25 (-11.39%)

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Oclaro management to meet with Jefferies »

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GMS

GMS Inc.

$29.79

-0.52 (-1.72%)

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APA

Apache

$54.91

-0.98 (-1.75%)

, HRL

Hormel Foods

$37.30

-0.3 (-0.80%)

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Earnings
Notable companies reporting before tomorrow's open »

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APA

Apache

$54.91

-0.98 (-1.75%)

HRL

Hormel Foods

$37.30

-0.3 (-0.80%)

KSS

Kohl's

PF

Pinnacle Foods

$54.63

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CHK

Chesapeake

$5.92

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CNK

Cinemark

$43.39

0.51 (1.19%)

AMCX

AMC Networks

$57.50

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W

Wayfair

$41.26

1 (2.48%)

SFM

Sprouts Farmers Markets

$19.00

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TREE

LendingTree

$112.15

-1.45 (-1.28%)

TXMD

TherapeuticsMD

$5.67

0.08 (1.43%)

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FIT

Fitbit

$5.88

-0.16 (-2.65%)

20:14
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Hot Stocks
Fitbit CEO says early adopter segment saturated, says exploring new form factors »

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SQ

Square

$15.04

0.41 (2.80%)

19:57
02/22/17
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19:57
Upgrade
Square rating change  »

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FIT

Fitbit

$5.88

-0.16 (-2.65%)

19:50
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Hot Stocks
Fitbit says paid $23M for Pebble assets »

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SBUX

Starbucks

$57.57

0.03 (0.05%)

19:34
02/22/17
02/22
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19:34
Hot Stocks
Market researcher: Starbucks consumer perception dips after refugee hiring news »

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LB

Labarge

$58.13

0.43 (0.75%)

19:33
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02/22
19:33
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Hot Stocks
L Brands sees Q1 comps down high-single to low-double digits »

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LB

Labarge

$58.13

0.43 (0.75%)

19:32
02/22/17
02/22
19:32
02/22/17
19:32
Hot Stocks
L Brands sees FY17 comps down low-single digits »

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  • 23

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F

Ford

$12.67

-0.02 (-0.16%)

19:30
02/22/17
02/22
19:30
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19:30
Conference/Events
Ford to host sales conference call »

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  • 01

    Mar

GTLS

Chart Industries

$38.51

-1.21 (-3.05%)

19:27
02/22/17
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19:27
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19:27
Hot Stocks
Chart Industries CEO Samuel Thomas named executive chairman »

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TSLA

Tesla

$273.51

-3.88 (-1.40%)

19:24
02/22/17
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Periodicals
SolarCity leased with risky homeowners, has ties to foreclosure cases, NYT says »

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  • 22

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PRU

Prudential

$110.50

-0.72 (-0.65%)

, WFC

Wells Fargo

$58.36

0.11 (0.19%)

19:16
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Hot Stocks
Prudential says could seek compensation from Wells Fargo over MyTerm products »

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PRU

Prudential

$110.50

-0.72 (-0.65%)

WFC

Wells Fargo

$58.36

0.11 (0.19%)

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PSA

Public Storage

$226.24

-1.49 (-0.65%)

19:15
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Earnings
Public Storage reports Q4 core FFO $2.65, consensus $1.89 »

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CS

Credit Suisse

$15.35

-0.13 (-0.84%)

19:10
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Periodicals
Credit Suisse probed for potentially aiding tax evasion, WSJ says »

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LZB

La-Z-Boy

$28.40

-1.05 (-3.57%)

19:09
02/22/17
02/22
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19:09
Downgrade
La-Z-Boy rating change  »

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  • 22

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CLD

Cloud Peak

$5.68

-0.19 (-3.24%)

19:06
02/22/17
02/22
19:06
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19:06
Syndicate
Cloud Peak 13.5M share Spot Secondary priced at $5.10 »

Credit Suisse, JPMorgan…

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  • 23

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SNAP

Snap Inc

18:47
02/22/17
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18:47
Periodicals
Snap Inc nears $200M ad deal, NY Post says »

Snap Inc is close to…

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  • 02

    Mar

SBLK

Star Bulk Carriers

$9.59

0.29 (3.12%)

18:40
02/22/17
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Earnings
Star Bulk Carriers reports Q4 EPS (29c), consensus (28c) »

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C

Citi

$60.62

0.07 (0.12%)

18:35
02/22/17
02/22
18:35
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18:35
Periodicals
Citi forms regulatory affairs team in D.C., Bloomberg says »

Citi is forming a global…

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  • 27

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PRAH

PRA Health

$59.98

-0.71 (-1.17%)

18:34
02/22/17
02/22
18:34
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Earnings
PRA Health sees FY17 EPS $3.08-$3.18, consensus $2.96 »

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  • 23

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FGL

Fidelity & Guaranty Life

$26.30

-0.1 (-0.38%)

, ATH

Athene Holding

$51.45

0.38 (0.74%)

18:32
02/22/17
02/22
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18:32
Periodicals
Fidelity & Guaranty Life revives sale process, Insurance Insider says »

Fidelity & Guaranty…

FGL

Fidelity & Guaranty Life

$26.30

-0.1 (-0.38%)

ATH

Athene Holding

$51.45

0.38 (0.74%)

APO

Apollo Global

$22.25

0.05 (0.23%)

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  • 22

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PRAH

PRA Health

$59.98

-0.71 (-1.17%)

18:31
02/22/17
02/22
18:31
02/22/17
18:31
Earnings
PRA Health sees Q1 EPS 57c-62c, consensus 67c »

Sees Q1 service revenues…

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NBR

Nabors Industries

$15.44

0.01 (0.06%)

18:30
02/22/17
02/22
18:30
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18:30
Earnings
Nabors Industries reports Q4 EPS ($1.17) with items »

Q4 EPS includes 87c in…

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