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VALE

Vale

$5.84

0.16 (2.82%)

, TCK

Ticker changed to TECK

$20.65

1.2 (6.17%)

07:30
10/19/16
10/19
07:30
10/19/16
07:30

Unusual put flow in option market yesterday

Notable put activity was cited Tuesday in Vale (VALE), Teck Resources (TCK), E Trade (ETFC), Banc of California (BANC), and Flowserve (FLS).

VALE

Vale

$5.84

0.16 (2.82%)

TCK

Ticker changed to TECK

$20.65

1.2 (6.17%)

ETFC

E-Trade

$28.42

0.29 (1.03%)

BANC

Banc of California

$11.26

-4.61 (-29.05%)

FLS

Flowserve

$42.93

-0.18 (-0.42%)

  • 19

    Oct

  • 17

    Nov

VALE Vale
$5.84

0.16 (2.82%)

09/21/16
LEHM
09/21/16
UPGRADE
Target $4
LEHM
Equal Weight
Vale upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Amos Fletcher upgraded Vale to Equal Weight with a $4 price target.
09/12/16
JPMS
09/12/16
UPGRADE
Target $7
JPMS
Overweight
Vale upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Rodolfo Angele upgrade Vale to Overweight saying he now expects the company to post positive free cash flow in 2017 and beyond amid more supportive iron ore prices. The analyst raised his price target for the shares to $7 from $5.
09/06/16
UBSW
09/06/16
DOWNGRADE
UBSW
Sell
Vale downgraded to Sell from Neutral at UBS
08/09/16
MSCO
08/09/16
UPGRADE
MSCO
Equal Weight
Vale upgraded to Equal Weight from Underweight at Morgan Stanley
TCK Ticker changed to TECK
$20.65

1.2 (6.17%)

10/17/16
RBCM
10/17/16
UPGRADE
RBCM
Outperform
Teck Resources upgraded on coking coal price outlook at RBC Capital
As noted earlier, RBC Capital upgraded Teck Resources to Outperform from Sector Perform. RBC Capital analyst Fraser Phillips upgraded the stock based on an increase in his coking coal price forecast for Q4 and 2017.
10/17/16
FBCO
10/17/16
UPGRADE
FBCO
Outperform
Teck Resources upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Ralph Profiti upgraded Teck Resources to Outperform to reflect upside to his coking coal outlook and higher copper and zinc price forecasts. Profiti's coking coal forecast remains unchanged beyond Q4 but sees compelling valuation for Teck in a tighter coking coal market in 2017, reflation of the steelmaking cost curve, stronger base metals prices, and equity scarcity among global coking coal plays.
10/17/16
BOFA
10/17/16
INITIATION
Target $12
BOFA
Buy
Teck Resources initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Timna Tanners reinstated coverage on Teck Resources with a Buy and a $12 price target.
10/18/16
NATB
10/18/16
UPGRADE
NATB
Outperform
Teck Resources upgraded to Outperform from Sector Perform at National Bank
ETFC E-Trade
$28.42

0.29 (1.03%)

09/30/16
WELS
09/30/16
NO CHANGE
WELS
Multiple companies could pursue Scottrade, says Wells Fargo
After Bloomberg reported that Scottrade is working with an adviser to explore selling itself, and the article mentioned Ameritrade (AMTD) as a potential suitor, Wells Fargo says that Charles Schwab (SCHW) and E-Trade (ETFC) could "also have interest" in Scottrade. The firm says that the deal could be accretive by double digit percentage levels for all of the potential suitors named. However, ti says that Ameritrade "may be the most logical buyer," since E-Trade just closed on an acquisition and Schwab has sought to place less emphasis trading. The firm keeps an Outperform rating on E-Trade and Market Perform ratings on Schwab and TD Ameritrade.
10/13/16
BOFA
10/13/16
DOWNGRADE
Target $33
BOFA
Neutral
E-Trade downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Michael Carrier downgraded E-Trade to Neutral and raised its price target to $33 from $31.
10/13/16
10/13/16
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. Bristol-Myers (BMY) downgraded to Buy from Conviction Buy at Goldman with analyst Jami Rubin saying disappointing CM-26 data adds a greater level of uncertainty to future trials. 2. Pfizer (PFE) downgraded to Hold from Buy at Jefferies with analyst Jeffrey Holford citing a lack of positive catalysts. 3. Coach (COH) downgraded to Mixed from Positive at OTR Global citing checks that indicate less competitive offerings, reduced promotions, and feedback of some share loss by store managers. 4. E-Trade (ETFC) downgraded to Neutral from Buy at BofA/Merrill. 5. Deckers Brands (DECK) downgraded to Negative from Neutral at Susquehanna with analyst Sam Poser saying he believes the health of the UGG brand is clearly at risk as the company has already started promotional activity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/30/16
SBSH
09/30/16
NO CHANGE
Target $31.5
SBSH
Neutral
Citi 'inclined to fade' September rally in TD Ameritrade
Citi analyst William Katz attributes the 5% September rally in shares of TD Ameritrade (AMTD) to speculation around a possible acquisition of E-Trade (ETFC). The rally in the shares likely discounts the earnings accretion from such a merger, Katz tells investors in a research note. He believes TD Ameritrade shares at current levels leave "no room for a bad outcome," which he defines as the company deciding not to pursue the deal or E-Trade acquiring Scottrade. As such, Katz says he's "inclined to fade the rally" in TD Ameritrade. The analyst has a Neutral rating on the shares with a $31.50 price target. TD Ameritrade is up 2% in early trading to $35.08.
BANC Banc of California
$11.26

-4.61 (-29.05%)

10/19/16
WELS
10/19/16
NO CHANGE
WELS
Outperform
Wells recommends owning Banc of California into Thursday's results
With the stock down 29% yesterday and nearly 50% in two months, "the damage has been done at this point," Wells Fargo analyst Timur Braziler tells investors in a research note. He recommends staying long the shares into Thursday's earnings report, expecting it will be a good one. Braziler looks for a more detailed explanation on the earnings call regarding the company's ties with Jason Galanis, which a short report detailed yesterday. The analyst keeps an Outperform rating on Banc of California shares with a $23-$25 price target range. UBS this morning placed its Buy rating on the stock under review.
10/19/16
UBSW
10/19/16
NO CHANGE
UBSW
UBS places Banc of California rating under review
UBS analyst David Eads placed his Buy rating and $28 price target on shares of Banc of California under review after an "anonymous report posted on Seeking Alpha" discussed ties between the company's board and a convicted felon. Banc of California issued a press release last night but is yet to fully address the concerns raised in the report, Eads tells investors in a research note. He believes management needs to provide a "thorough disclosure" of their ties to the individual when reporting earnings on Thursday morning. Eads wants more clarity before reinstating his rating on the stock. Banc of California closed yesterday down 29% to $11.26.
10/18/16
RAJA
10/18/16
NO CHANGE
RAJA
Outperform
Raymond James advises to 'consider the source' of Banc of California short call
Raymond James noted that Aurelius, the source of a short report that has been attributed as the source of weakness in shares of Banc of California, has previously authored several short pieces that contained "highly speculative conclusions" that have proven incorrect. The firm has an Outperform rating on Banc of California shares.
08/17/16
FIGP
08/17/16
DOWNGRADE
FIGP
Underperform
Banc of California downgraded to Underperform at Fig Partners
Fig Partners downgraded Banc of California to Underperform from Market Perform.
FLS Flowserve
$42.93

-0.18 (-0.42%)

04/05/16
BMOC
04/05/16
INITIATION
Target $44
BMOC
Market Perform
Flowserve initiated with a Market Perform at BMO Capital
BMO Capital analyst R. Scott Graham started Flowserve with a Market Perform rating and $44 price target.
05/10/16
KEYB
05/10/16
INITIATION
KEYB
Sector Weight
Flowserve initiated with a Sector Weight at KeyBanc
09/23/16
OPCO
09/23/16
NO CHANGE
OPCO
Perform
Flowserve CEO departure may serve as near-term overhang, says Oppenheimer
Following Flowserve's announcement that President and CEO Mark Blinn plans to resign, Oppenheimer analyst Jim Giannakouros says he believes a leadership transition will add another layer of uncertainty to strategic direction/execution, and may serve as a near-term overhang on the shares. Oppenheimer has a Perform rating on the shares.
04/04/16
NOMU
04/04/16
DOWNGRADE
NOMU
Reduce
Flowserve downgraded to Reduce from Neutral at Nomura

TODAY'S FREE FLY STORIES

09:46
02/28/17
02/28
09:46
02/28/17
09:46
General news
Chicago PMI Business Barometer Index data reported »

February Chicago PMI…

09:45
02/28/17
02/28
09:45
02/28/17
09:45
General news
U.S. equities are flatlining ahead of Trump's SOTU speech »

U.S. equities are…

09:45
02/28/17
02/28
09:45
02/28/17
09:45
General news
Consumer Confidence to be reported at 10:00 »

February Consumer…

HPP

Hudson Pacific

09:43
02/28/17
02/28
09:43
02/28/17
09:43
Downgrade
Hudson Pacific rating change  »

Hudson Pacific downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Feb

CMCSA

Comcast

$37.53

-0.36 (-0.95%)

, CMCSK

Comcast

09:41
02/28/17
02/28
09:41
02/28/17
09:41
Hot Stocks
Comcast NBCUniversal to acquire remaining 49% stake in Universal Studios Japan »

Comcast NBCUniversal…

CMCSA

Comcast

$37.53

-0.36 (-0.95%)

CMCSK

Comcast

GS

Goldman Sachs

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 02

    Mar

  • 03

    Mar

  • 06

    Mar

AMTD

TD Ameritrade

$43.66

0.25 (0.58%)

, P

Pandora

09:41
02/28/17
02/28
09:41
02/28/17
09:41
Options
Unusually active option classes on open February 28th »

Unusual total active…

AMTD

TD Ameritrade

$43.66

0.25 (0.58%)

P

Pandora

HTZ

Hertz

NEM

Newmont Mining

VRX

Valeant

WMT

Wal-Mart

X

U.S. Steel

T

AT&T

CRM

Salesforce

GLD

SPDR Gold Trust

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

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    Mar

SIG

Signet Jewelers

09:39
02/28/17
02/28
09:39
02/28/17
09:39
Technical Analysis
Signet Jewelers drops to new 52-week low in early trading »

The stock is down over…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 09

    Mar

MTU

Mitsubishi UFJ

09:38
02/28/17
02/28
09:38
02/28/17
09:38
Upgrade
Mitsubishi UFJ rating change  »

Mitsubishi UFJ upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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CZR

Caesars

$9.45

0.3 (3.28%)

, LVS

Las Vegas Sands

09:38
02/28/17
02/28
09:38
02/28/17
09:38
Hot Stocks
Nevada reports January Statewide gaming win up 12.02% to $1.04B »

Reports December Las…

CZR

Caesars

$9.45

0.3 (3.28%)

LVS

Las Vegas Sands

WYNN

Wynn Resorts

$95.51

1.5 (1.60%)

PENN

Penn National

$14.47

0.25 (1.76%)

MGM

MGM Resorts

BYD

Boyd Gaming

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Feb

DF

Dean Foods

09:36
02/28/17
02/28
09:36
02/28/17
09:36
Upgrade
Dean Foods rating change  »

Dean Foods upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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TGT

Target

09:34
02/28/17
02/28
09:34
02/28/17
09:34
Hot Stocks
Target sees 2%-4% sales lift from reimagined stores »

Says to open 30 new small…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Feb

  • 19

    Mar

JPM

JPMorgan

09:33
02/28/17
02/28
09:33
02/28/17
09:33
Hot Stocks
Breaking Hot Stocks news story on JPMorgan »

JPMorgan says…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Feb

  • 28

    Feb

  • 03

    Mar

  • 14

    Jul

  • 12

    Oct

  • 13

    Apr

  • 13

    Jul

  • 12

    Oct

09:33
02/28/17
02/28
09:33
02/28/17
09:33
General news
Market opens with modest losses »

Stock futures drifted…

JBT

JBT Corporation

09:32
02/28/17
02/28
09:32
02/28/17
09:32
Upgrade
JBT Corporation rating change  »

JBT Corporation upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Feb

BCOV

Brightcove

$8.20

0.05 (0.61%)

, HUBS

HubSpot

09:31
02/28/17
02/28
09:31
02/28/17
09:31
Hot Stocks
Brightcove, HubSpot announce partnership »

Brightcove (BCOV) and…

BCOV

Brightcove

$8.20

0.05 (0.61%)

HUBS

HubSpot

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 01

    Mar

  • 02

    Mar

  • 13

    Mar

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    Mar

ESND

Essendant

$22.09

0.34 (1.56%)

09:31
02/28/17
02/28
09:31
02/28/17
09:31
Downgrade
Essendant rating change  »

Essendant downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Feb

HYH

Halyard Health

09:30
02/28/17
02/28
09:30
02/28/17
09:30
Downgrade
Halyard Health rating change  »

Halyard Health downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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09:30
02/28/17
02/28
09:30
02/28/17
09:30
General news
The U.S. advance indicators report »

The U.S. advance…

09:30
02/28/17
02/28
09:30
02/28/17
09:30
General news
Chicago PMI Business Barometer Index to be reported at 09:45 »

February Chicago PMI…

PFE

Pfizer

09:29
02/28/17
02/28
09:29
02/28/17
09:29
Hot Stocks
FDA sends Pfizer's Hospira warning letter over manufacturing »

The FDA sent…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 02

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  • 01

    Apr

  • 27

    Aug

FRO

Frontline

09:28
02/28/17
02/28
09:28
02/28/17
09:28
Hot Stocks
Breaking Hot Stocks news story on Frontline »

Frontline raises…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 22

    Mar

VZ

Verizon

, BPL

Buckeye Partners

09:28
02/28/17
02/28
09:28
02/28/17
09:28
Conference/Events
Morgan Stanley to hold a conference »

MLP/Diversified Natural…

VZ

Verizon

BPL

Buckeye Partners

CEQP

Crestwood Equity

ENLC

EnLink Midstream

ENLK

EnLink Midstream Partners

EPD

Enterprise Products

SEMG

SemGroup

VLP

Valero Energy Partners

OGS

ONE Gas

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Feb

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    Feb

  • 02

    Mar

  • 06

    Mar

SCHW

Charles Schwab

09:27
02/28/17
02/28
09:27
02/28/17
09:27
Hot Stocks
Charles Schwab lowers standard online equity and ETF trade commissions »

The Charles Schwab…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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FRO

Frontline

09:25
02/28/17
02/28
09:25
02/28/17
09:25
Earnings
Frontline reports Q4 adj. EPS 22c, consensus 12c »

Reports Q4 revenue $128M,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 22

    Mar

EFX

Equifax

09:25
02/28/17
02/28
09:25
02/28/17
09:25
Conference/Events
Equifax to hold a webcast »

Equifax Senior Vice…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

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