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LVLT

Level 3

$45.09

-0.14 (-0.31%)

06:33
10/14/16
10/14
06:33
10/14/16
06:33

Level 3 upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Philip Cusick upgraded Level 3 Communications to Overweight saying expectations have been lowered along with the share price. Further, he believes a capital return announcement in the form of a stock buyback could come either on the Q3 or Q4 earnings calls. The analyst lowered his price target for Level 3 to $55 from $60 and keeps an Overweight rating on the shares.

  • 03

    Nov

LVLT Level 3
$45.09

-0.14 (-0.31%)

08/08/16
08/08/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Oracle (ORCL) and Tableau (DATA) initiated with a Buy at Rosenblatt. 2. Baker Hughes (BHI) and Halliburton (HAL) initiated with an Underweight at Atlantic Equities. 3. Emerson (EMR) reinstated with a Neutral at JPMorgan. 4. Level 3 (LVLT) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/24/16
MOFT
08/24/16
UPGRADE
MOFT
Buy
Level 3 upgraded to Buy from Neutral at MoffettNathanson
08/24/16
08/24/16
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. Level 3 (LVLT) upgraded to Buy from Neutral at MoffettNathanson. 2. Hormel Foods (HRL) upgraded to Buy from Hold at Edward Jones. 3. Laredo Petroleum (LPI) upgraded to Overweight from Equalweight at Capital One with the firm saying it expects continued stock outperformance given the most recent Midland Basin hzl well results. 4. NetApp (NTAP) upgraded to Neutral from Sell at Goldman with analyst Simona Jankowski citing balanced risk/reward. 5. PDC Energy (PDCE) upgraded to Overweight at Stephens with analyst Ben Wyatt citing the company's agreement to acquire two privately held companies in a "transformative" deal that includes approximately 57,000 net acres in Texas. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/13/16
GSCO
10/13/16
DOWNGRADE
Target $55
GSCO
Buy
Level 3 downgraded to Buy from Conviction Buy at Goldman
Goldman analyst Brett Feldman removed Level 3 from the Conviction Buy List and lowered its price target to $55 from $64 on a reduced outlook for revenue growth and a lower target multiple. The analyst maintains a Buy rating and said the recent pullback in Level 3 shares increases the appeal of buybacks and, theoretically, the company could repurchase 60% of its stock over 5 years.

TODAY'S FREE FLY STORIES

ESRX

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$NSD

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$NYE

NYSE Market Internals

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SWKS

Skyworks

$107.93

0.44 (0.41%)

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  • 05

    Oct

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SPY

SPDR S&P 500 ETF Trust

$249.89

-0.08 (-0.03%)

, SPX

S&P 500

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Technical Analysis
Technical View: S&P 500 slips below the pivot low »

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SPY

SPDR S&P 500 ETF Trust

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SPX

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PZRX

PhaseRx

$0.78

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SNY

Sanofi

$49.34

0.24 (0.49%)

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  • 18

    Oct

SPX

S&P 500

14:06
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VRX

Valeant

$14.06

0.29 (2.11%)

14:05
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Valeant call volume above normal and directionally bullish »

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  • 25

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SPY

SPDR S&P 500 ETF Trust

$249.87

-0.1 (-0.04%)

, SPX

S&P 500

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SPX

S&P 500

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SPLK

Splunk

$68.25

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Symantec

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RNVA

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  • 20

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MLCO

Melco Resorts & Entertainment

$23.78

0.77 (3.35%)

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  • 02

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MOH

Molina Healthcare

$62.33

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, UNH

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MOH

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