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HLT

Hilton

$23.01

0.26 (1.14%)

15:40
10/18/16
10/18
15:40
10/18/16
15:40

Higher options volume in Hilton driven by a position adjustment

Higher options volume in Hilton driven by a position adjustment. 10.4K Oct 22 calls at $1, 10.4K Nov 21 puts for 22.5c and 9.3K Nov 23 calls at 64c. The three-way spread appears to be closing Oct 22 calls while opening a Nov 21 - 23 bearish risk-reversal. Trade history shows the position in the October term was opened on 7/13 when the Oct 19 - 22 risk-reversal was opened at $1.68, 10350X. The flow was rolling out of Jul calls with shares at $23.40 at that time. Now, the position is being rolled to Nov with shares near $23. The new position captures earnings 10/26.

  • 26

    Oct

HLT Hilton
$23.01

0.26 (1.14%)

05/19/16
05/19/16
DOWNGRADE
Target $23

Neutral
Hilton downgraded to Neutral on weak RevPAR trends at BofA/Merrill
As previously reported, BofA/Merrill downgraded Hilton to Neutral from Buy and lowered its price target to $23 from $26. Analyst Shaun Kelly said recent RevPAR trends put guidance at risk and near-term upside from a break-up of its businesses into three pieces is more limited given lower comp multiples.
05/19/16
05/19/16
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. L Brands (LB) downgraded to Neutral from Outperform at Baird and downgraded to Neutral from Buy at MKM Partners. Baird's analyst said near-term visibility has been greatly reduced amid the sales slowdowns on multiple fronts, while MKM Partners' Roxanne Meyer said decelerating comps and the change in leadership in lingerie signal that execution issues may continue. 2. Piper Jaffray analyst Stephanie Wissink downgraded Regis (RGS) Corporation to Underweight and lowered her price target for the shares to $8 from $13. The Department of Labor's overtime rule change, that will raise the minimum threshold for overtime eligibility from $23,660 to $47,500, could cost Regis $81M on a full year basis, Wissink tells investors in a research note. She lowered her estimates for the company "meaningfully." 3. BofA Merrill Lynch downgraded RLJ Lodging Trust (RLJ) two notches, to Underperform from Buy, and lowered its price target to $18 from $23. Analyst Shaun Kelley is concerned about RLJ's overexposure to Houston, New York City, Denver, and Chicago markets and thinks the loss of veteran CEO Tom Baltimore will take time to replace. The firm also downgraded Hyatt (H), Hersha Hospitality (HT) and Hilton (HLT), all to Neutral from Buy, this morning. 4. Goldman Sachs analyst Ryan Nash double downgraded BankUnited (BKU) to Sell from Buy and lowered his price target for the shares to $34 from $40. The analyst is concerned that consensus estimates for 2016 and 2017 are too high. 5. RBC Capital downgraded Lockheed Martin (LMT) to Sector Perform from Outperform, noting that the stock's valuation has reached a ten year high. RBC Capital also downgraded Northrop Grumman (NOC) to Sector Perform from Outperform, also citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/16
WOLF
07/06/16
INITIATION
Target $28
WOLF
Outperform
Hilton initiated with an Outperform at Wolfe Research
Target $28.
09/08/16
BERN
09/08/16
INITIATION
Target $26
BERN
Market Perform
Hilton initiated with a Market Perform at Bernstein
Bernstein analyst David Beckel initiated Hilton with a Market Perform and $26 price target.

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FDX

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GEMP

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GIS

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$55.38

-1.05 (-1.86%)

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NVS

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CSOD

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  • 25

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  • 20

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GM

General Motors

$38.70

0.11 (0.29%)

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CGI

Celadon Group

$6.50

-0.05 (-0.76%)

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ALIOF

Actelion

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AMP

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MEET

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Ecolab

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SR

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  • 28

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KSS

Kohl's

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, AMZN

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NUVA

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RDUS

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JAZZ

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ALNY

Alnylam

$75.04

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, IONS

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ALNY

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IONS

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  • 20

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