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INTC

Intel

$37.29

-0.16 (-0.43%)

, DRI

Darden

$62.97

0.4 (0.64%)

10:42
10/18/16
10/18
10:42
10/18/16
10:42

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Intel (INTC) upgraded to Overweight from Equal Weight at Barclays with analyst Blayne Curtis citing better PC trends and a "compelling relative valuation." 2. Ruth's Hospitality (RUTH was upgraded to Outperform from Market Perform at Raymond James and the firm upgraded Darden (DRI) to Market Perform from Underperform. 3. Cousins Properties (CUZ) upgraded to Hold from Sell at Stifel with analyst John Guinee citing valuation. 4. FirstEnergy (FE) upgraded to Buy from Hold at Evercore ISI and to Neutral from Sell at Citi. 5. Prologis (PLD) upgraded to Equalweight from Underweight at Capital One and to Buy from Hold at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

INTC

Intel

$37.29

-0.16 (-0.43%)

DRI

Darden

$62.97

0.4 (0.64%)

RUTH

Ruth's Hospitality

$14.00

-0.08 (-0.57%)

CUZ

Cousins Properties

$8.01

0.095 (1.20%)

FE

FirstEnergy

$32.74

0.51 (1.58%)

PLD

Prologis

$52.22

1.015 (1.98%)

  • 18

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    Oct

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    Nov

INTC Intel
$37.29

-0.16 (-0.43%)

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.
10/18/16
LEHM
10/18/16
UPGRADE
Target $45
LEHM
Overweight
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.
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.
DRI Darden
$62.97

0.4 (0.64%)

10/18/16
RAJA
10/18/16
UPGRADE
RAJA
Market Perform
Darden upgraded to Market Perform from Underperform at Raymond James
10/18/16
10/18/16
UPGRADE

Market Perform
Darden upgraded to Market Perform on valuation at Raymond James
As previously reported, Raymond James upgraded Darden to Market Perform from Underperform. Analyst Brian Vaccaro believes downside risk is limited by a recent shelf offering that indicates the company could increase balance sheet leverage and pursue aggressive buybacks.
10/05/16
OPCO
10/05/16
NO CHANGE
Target $70
OPCO
Outperform
Darden to outperform on any improving group sentiment, says Oppenheimer
Oppenheimer analyst Brian Bittner believes Darden's unique risk/reward and superior fundamentals position shares to "meaningfully outperform" on any improving sentiment toward the group. The analyst sees the business as healthy, and says sales trends have momentum/drivers for continued industry outperformance. Further, Bittner believes EPS estimates still contain upside and valuation is very attractive. He reiterates an Outperform rating and $70 price target on the shares.
09/06/16
OPCO
09/06/16
NO CHANGE
Target $70
OPCO
Outperform
Darden at a 'misplaced discount' to peers, says Oppenheimer
Oppenheimer analyst Brian Bittner believes the market has presented another Darden buying opportunity, with stock valuation sitting at a "misplaced discount" to peers. Further, the analyst believes better in-store execution, improved off-premise business and elevated brand momentum can sustain sales trends above peers. Bittner also sees limited risk to upcoming Q1 results. He reiterates an Outperform rating and $70 price target on the shares.
RUTH Ruth's Hospitality
$14.00

-0.08 (-0.57%)

11/25/15
11/25/15
INITIATION

On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Carnival (CCL) initiated with a Buy at HSBC... Diversified Restaurant (SAUC) initiated with a Neutral at Citi... Lennox (LII) initiated with a Hold at Stifel... Lindblad Expeditions (LIND) initiated with a Buy at Citi... NetEase.com (NTES) initiated with a Buy at Goldman... Noodles & Company (NDLS) initiated with a Buy at Citi... NuStar GP Holdings (NSH) initiated with an Equal Weight at Barclays... Regal-Beloit (RBC) initiated with a Hold at Stifel... Roper Technologies (ROP) initiated with a Buy at Stifel... Ruth's Hospitality (RUTH) initiated with a Neutral at Citi... SPX FLOW (FLOW) initiated with an Equal Weight at Morgan Stanley... SemGroup (SEMG) initiated with an Overweight at Barclays... Verifone (PAY) initiated with an Overweight at Piper Jaffray... Watsco (WSO) initiated with a Buy at Stifel.
07/26/16
JEFF
07/26/16
DOWNGRADE
Target $17
JEFF
Hold
Ruth's Hospitality downgraded to Hold from Buy at Jefferies
Jefferies analyst Andy Barish downgraded Ruth's Hospitality to Hold saying he's calling the top of the restaurant cycle. The industry has at least 18 months of challenges ahead in terms of softer same-store-sales and higher labor costs, Barish tells investors in a research note. He cut his price target for the shares to $17 from $20.
10/18/16
RAJA
10/18/16
UPGRADE
Target $17
RAJA
Outperform
Ruth's Hospitality upgraded to Outperform on valuation at Raymond James
As previously reported, Raymond James upgraded Darden to Outperform from Market Perform. Analyst Brian Vaccaro views Ruth's valuation as attractive at current levels and established a $17 price target on shares.
10/18/16
RAJA
10/18/16
UPGRADE
RAJA
Outperform
Ruth's Hospitality upgraded to Outperform from Market Perform at Raymond James
CUZ Cousins Properties
$8.01

0.095 (1.20%)

09/29/16
STFL
09/29/16
DOWNGRADE
STFL
Sell
Parkway Properties downgraded based on valuation at Stifel
As noted earlier, Stifel downgraded Parkway Properties (PKW) to Sell from Hold. Analyst John Guinee downgraded the stock based on valuation. .Additionally, he notes that Parkway and Cousins (CUZ) have agreed to merge and then spin off Houston-based assets. The analyst thinks that investors will lack information about various aspects of the combined company in the wake of the spin off announcement. Parkway target to $15.50 from $18.50.
10/17/16
STFL
10/17/16
UPGRADE
STFL
Hold
Cousins Properties upgraded to Hold from Sell at Stifel
09/29/16
STFL
09/29/16
DOWNGRADE
STFL
Sell
Cousins Properties downgraded based on valuation at Stifel
As noted earlier, Stifel downgraded Cousins to Sell from Hold. Analyst John Guinee downgraded the stock based on valuation. Additionally, the analyst thinks that investors will lack information about various aspects of the company after it declared a spin off of Houston-based assets . Target $9.50.
10/18/16
STFL
10/18/16
UPGRADE
STFL
Hold
Cousins Properties upgraded on valuation at Stifel
As noted earlier, Stifel upgraded Cousins to Hold from Sell, Analyst John Guinee upgraded the stock based on valuation. However, the analyst continues to believe that investors will lack information about various aspects of the company after it declared a spin off of its Houston-based assets.
FE FirstEnergy
$32.74

0.51 (1.58%)

10/18/16
SBSH
10/18/16
UPGRADE
Target $31
SBSH
Neutral
FirstEnergy upgraded to Neutral from Sell at Citi
Citi analyst Praful Mehta upgraded FirstEnergy to Neutral saying the $291M rate increase settlement in Pennsylvania helps limit the downside. The analyst believes the risks are now better reflected in the shares. He upped his price target for FirstEnergy to $31 from $29.
10/18/16
EVER
10/18/16
UPGRADE
EVER
Buy
FirstEnergy upgraded to Buy from Hold at Evercore ISI
10/18/16
EVER
10/18/16
UPGRADE
Target $35
EVER
Buy
FirstEnergy upgraded to Buy on PA rate settlement at Evercore ISI
As previously reported, Evercore ISI upgraded First Energy to Buy from Hold and raised its price target to $35.50 from $34.25. Analyst Greg Gordon said the Pennsylvania rate settlement appears constructive and raises FirstEnergy's earnings 15c higher relative to his prior forecast.
10/13/16
LEHM
10/13/16
UPGRADE
Target $37
LEHM
Overweight
FirstEnergy upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Gregg Orrill upgraded FirstEnergy to Overweight saying the Ohio Public Utility Commission granted the company $203M in rate relief for three years, which is better than his expectations. He raised his price target for the shares to $37 from $36.
PLD Prologis
$52.22

1.015 (1.98%)

10/18/16
EVER
10/18/16
UPGRADE
Target $56
EVER
Buy
Prologis upgraded to Buy from Hold at Evercore ISI
Evercore ISI analyst Steve Sakwa upgraded Prologis to Buy and raised its price target to $56 from $53 due to recent continued strength in industrial fundamentals.
10/17/16
SOCO
10/17/16
UPGRADE
SOCO
Equalweight
Prologis upgraded to Equalweight from Underweight at Capital One
08/25/16
BTIG
08/25/16
INITIATION
Target $60
BTIG
Buy
Prologis initiated with a Buy at BTIG
BTIG analyst James Sullivan initiated Prologis with a Buy and $60 price target. He expects Prologis' global footprint and development expertise to support higher rent growth and value creation versus its peers.
08/17/16
BARD
08/17/16
DOWNGRADE
BARD
Neutral
Prologis downgraded to Neutral from Outperform at Baird

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KMX

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HPE

HP Enterprise

$13.79

0.16 (1.17%)

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RP

RealPage

$39.35

-0.1 (-0.25%)

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HPE

HP Enterprise

$13.79

0.16 (1.17%)

18:39
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Breaking Periodicals news story on HP Enterprise »

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YUM

Yum! Brands

$76.48

0.11 (0.14%)

18:37
09/21/17
09/21
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Conference/Events
Yum! Brands management to meet with JPMorgan »

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MAR

Marriott

$107.57

-0.12 (-0.11%)

18:32
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Conference/Events
Marriott management to meet with JPMorgan »

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  • 27

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ESPGY

Esprit Holdings

$1.21

0.018 (1.51%)

18:29
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Conference/Events
Esprit Holdings management to meet with JPMorgan »

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  • 27

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BA

Boeing

$256.04

0.58 (0.23%)

18:18
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Boeing: Turkish Airlines announces intent to order 40 787-9 Dreamliners »

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  • 23

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M

Macy's

$21.16

-0.32 (-1.49%)

18:18
09/21/17
09/21
18:18
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18:18
Conference/Events
Macy's management to meet with JPMorgan »

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  • 26

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TAHO

Tahoe Resources

$5.60

0.02 (0.36%)

18:12
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Tahoe Resources raises 2017 gold operations view to 400K-500K »

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ATKR

Atkore

$18.42

0.02 (0.11%)

18:11
09/21/17
09/21
18:11
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Conference/Events
Atkore management to meet with JPMorgan »

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  • 26

    Sep

YOGA

YogaWorks

$4.00

-0.04 (-0.99%)

, TXN

Texas Instruments

$86.05

0.22 (0.26%)

18:11
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Hot Stocks
On The Fly: After Hours Movers »

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YOGA

YogaWorks

$4.00

-0.04 (-0.99%)

TXN

Texas Instruments

$86.05

0.22 (0.26%)

PSDO

Presidio

$13.95

-0.06 (-0.43%)

VSAR

Versartis

$21.60

-0.25 (-1.14%)

ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

03/08/13
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  • 21

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FTR

Frontier Communications

$11.69

-0.31 (-2.58%)

18:10
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PLYA

Playa Hotels & Resorts

$10.66

-0.06 (-0.56%)

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  • 08

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ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

, VSAR

Versartis

$21.60

-0.25 (-1.14%)

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$21.60

-0.25 (-1.14%)

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CE

Celanese

$103.90

-0.04 (-0.04%)

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DNOW

NOW Inc.

$12.98

0.1 (0.78%)

18:03
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Conference/Events
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  • 25

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  • 01

    Nov

JOBS

51job

$58.50

0.01 (0.02%)

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HES

Hess Corp.

$43.63

0.17 (0.39%)

17:53
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Conference/Events
Hess Corp. management to meet with JPMorgan »

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  • 25

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APC

Anadarko

$48.49

3.68 (8.21%)

17:43
09/21/17
09/21
17:43
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17:43
Recommendations
Anadarko analyst commentary at MUFG »

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  • 27

    Sep

HCC

Warrior Met Coal

$23.28

-1.05 (-4.32%)

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MAA

MAA

$107.27

-0.03 (-0.03%)

17:35
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NOC

Northrop Grumman

$280.42

0.38 (0.14%)

17:31
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17:31
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