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INTC

Intel

$37.29

-0.16 (-0.43%)

, CY

Cypress Semiconductor

$10.73

-0.09 (-0.83%)

05:46
10/18/16
10/18
05:46
10/18/16
05:46

Intel upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Blayne Curtis upgraded Intel (INTC) to Overweight citing better PC trends and a "compelling relative valuation." The company is positioned to return to "sustainable growth" amid better computer trends and double-digit server growth, Curtis tells investors in a research note. He raised his price target for Intel shares to $45 from $38. The chipmaker closed yesterday down 16c to $37.29. Curtis this morning also downgraded shares of Cypress Semiconductor (CY) to Equal Weight.

INTC

Intel

$37.29

-0.16 (-0.43%)

CY

Cypress Semiconductor

$10.73

-0.09 (-0.83%)

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INTC Intel
$37.29

-0.16 (-0.43%)

09/20/16
09/20/16
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. Ford (F) initiated with a Buy at Nomura. 2. Intel (INTC) was initiated with a Positive at Susquehanna while the firm initiated AMD (AMD) with a Neutral. 3. HSN, Inc. (HSNI) initiated with an Underperform at BofA/Merrill. 4. Bojangles (BOJA) initiated with a Strong Buy at CL King. 5. D.R. Horton (DHI) initiated with an Outperform at Wedbush. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/16
RBCM
10/05/16
NO CHANGE
RBCM
Micron report reads positively for Applied Materials, Lam, says RBC Capital
Following Micron's (MU) quarterly report and guidance, RBC Capital Amit Daryanani said he sees positive read-through from the report for Applied Materials (AMAT), Lam Research (LRCX), ASML (ASML), Western Digital (WDC) and Intel (INTC). Micron management expects capex spending of $4.8B-$5.2B for FY17, noted Daryanani, who believes continued 3D NAND spending will benefit Applied and Lam the most.
10/06/16
COWN
10/06/16
NO CHANGE
Target $80
COWN
Outperform
Cowen says to buy KLA-Tencor following merger agreement termination
Cowen analyst Timothy Arcuri said the KLA-Tencor (KLAC) merger with Lam Research (LRCX) was called off as expected. He said it was consistent with his assessment and believes Intel (INTC) was the culprit. The companies cited review of options amid recent ant-trust agency feedback. Arcuri said he continues to like Lam Research but prefers KLA-Tencor as he sees it as one of the only semi companies with roughly 30% upside. Arcuri maintained his Outperform rating and $80 price target on KLA-Tencor shares.
10/14/16
WELS
10/14/16
NO CHANGE
WELS
Intel results likely to be boosted by positive catalysts, says Wells Fargo
Wells Fargo thinks that Intel's (INTC) September quarter report and December quarter guidance will be boosted by several positive catalysts, including signs of improving PC demand, solid revenue momentum at its Data Center Group, and ramping sales of modems for Apple's (AAPL) iPhone 7. The firm keeps a $40-$50 price target on Intel and continues to identify it as a top pick.
CY Cypress Semiconductor
$10.73

-0.09 (-0.83%)

07/18/16
07/18/16
DOWNGRADE
Target $11

Equal Weight
Cypress Semiconductor downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley downgraded Cypress Semiconductor to Equal Weight from Overweight. Analyst Craig Hettenbach now views risk/reward as balanced following recent share strength.
08/12/16
CHLM
08/12/16
NO CHANGE
CHLM
Buy
Cypress Semi's new CEO does not takeawy M&A potenential, says Craig-Hallum
Craig Hallum analyst Tony Stoss said Cypress Semiconductor shares were weak yesterday on the new CEO announcement of Hassane El-Khoury, an internal higher, on reduced buyout speculation. Stoss said El-Khoury is a solid manager and was the guy running "connected-car" and helped facilitate the purchase of Avago's IOT business and does not take away from the M&A potential.
08/31/16
ROTH
08/31/16
INITIATION
Target $13
ROTH
Buy
Cypress Semiconductor initiated with a Buy at Roth Capital
Roth Capital analyst Suji Desilva initiated Cypress Semiconductor with a Buy Rating and a $13 price target.
10/18/16
LEHM
10/18/16
DOWNGRADE
Target $11
LEHM
Equal Weight
Cypress Semiconductor downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Blayne Curtis downgraded Cypress Semiconductor (CY) to Equal Weight saying the company's progress on margins is taking longer than expected. The analyst sees risk into the Q1 results and views Broadcom's (AVGO) Internet of Things push as adding additional risk. He keeps an $11 price target for the shares.

TODAY'S FREE FLY STORIES

ANET

Arista Networks

$94.41

-1.35 (-1.41%)

, CSCO

Cisco

$30.06

0.11 (0.37%)

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CSCO

Cisco

$30.06

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TKTDY

Takata Corporation

$10.70

0.05 (0.47%)

18:22
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U.S. DOT looks to accelerate pace of Takata air bag replacements, Reuters says »

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DV

DeVry

$31.90

0.9 (2.90%)

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  • 09

    Dec

CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

18:10
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Periodicals
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CVM

CEL-SCI

$0.12

-0.0014 (-1.17%)

18:03
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NYSE MKT says CEL-SCI noncompliant with certain listing requirements »

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XOM

Exxon Mobil

$89.00

0.68 (0.77%)

18:01
12/09/16
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Exxon CEO Tillerson emerges as top candidate for secretary of state, WSJ says »

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

17:58
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BIIB

Biogen

$287.77

-1.77 (-0.61%)

17:53
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SNY

Sanofi

$40.40

0.63 (1.58%)

17:42
12/09/16
12/09
17:42
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17:42
Periodicals
Sanofi to lay off 20% of U.S. diabetes, cardiovascular staff, Bloomberg says »

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CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

17:38
12/09/16
12/09
17:38
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17:38
Periodicals
Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

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TACO

Del Taco

$14.75

-0.39 (-2.58%)

17:34
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12/09
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Breaking Hot Stocks news story on Del Taco »

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  • 09

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UNVR

Univar

$26.36

0.54 (2.09%)

, BXLT

Baxalta

17:30
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UNVR

Univar

$26.36

0.54 (2.09%)

BXLT

Baxalta

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

17:30
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Breaking Hot Stocks news story on Parnell 

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

, NVRO

Nevro

$76.38

-1.88 (-2.40%)

17:24
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Boston Scientific files patent infringement suit against Nevro »

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

NVRO

Nevro

$76.38

-1.88 (-2.40%)

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  • 12

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RTN

Raytheon

$146.30

0.14 (0.10%)

17:21
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CX

CEMEX

$8.77

-0.16 (-1.79%)

17:18
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PDEX

PRO-DEX

$4.48

0.034 (0.76%)

17:06
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PFBX

Peoples Financial

$14.50

-0.5 (-3.33%)

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QUIK

QuickLogic

$0.94

-0.0163 (-1.71%)

17:00
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STRZA

Starz

17:00
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BEL

Belmond

16:55
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Syndicate
Breaking Syndicate news story on Belmond »

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

16:55
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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, SHAK

Shake Shack

$38.08

0.82 (2.20%)

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

SHAK

Shake Shack

$38.08

0.82 (2.20%)

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, LXFT

Luxoft

$54.40

-1.8 (-3.20%)

16:44
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Breaking Hot Stocks news story on Morgan Stanley, Luxoft »

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

LXFT

Luxoft

$54.40

-1.8 (-3.20%)

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

16:44
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H.B. Fuller announces restructuring plan »

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