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TWTR

Twitter

$17.18

0.35 (2.08%)

, COST

Costco

$149.11

0.41 (0.28%)

10:33
10/19/16
10/19
10:33
10/19/16
10:33

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Hold from Sell at Loop Capital with analyst Blake Harper saying downside is limited, even if the Q3 results disappoint, as there is "essentially a floor on the value of shares given the M&A speculation." 2. Costco (COST) upgraded to Buy from Neutral at Northcoast with analyst Chuck Cerankosky saying he expects a stronger earnings improvement in 2018 and believes the performance will reflect a $5 membership increase in the US and Canada. 3. Yum! Brands (YUM) upgraded to Outperform from Neutral at Credit Suisse with analyst Jason West citing a bullish outlook for the "New Yum" non-China, which will begin to trade on a standalone basis on November 1. 4. America's Car-Mart (CRMT) upgraded to Buy from Underperform at BofA/Merrill with analyst Elizabeth Suzuki saying she believes competition in the subprime auto market is beginning to ease and said she is seeing signs of credit tightening at other subprime lenders which should benefit Car-Mart. 5. Alon USA Partners (ALDW) and Western Refining (WNR) upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TWTR

Twitter

$17.18

0.35 (2.08%)

COST

Costco

$149.11

0.41 (0.28%)

YUM

Yum! Brands

$86.62

0.46 (0.53%)

CRMT

America's Car-Mart

$37.30

-0.45 (-1.19%)

ALDW

Alon USA Partners

$8.55

0.27 (3.26%)

  • 28

    Oct

  • 30

    Nov

TWTR Twitter
$17.18

0.35 (2.08%)

10/19/16
LOOP
10/19/16
UPGRADE
LOOP
Hold
Twitter upgraded to Hold from Sell at Loop Capital
Loop Capital analyst Blake Harper upgraded Twitter to Hold from Sell while maintaining a $16 price target for the shares. Downside is limited, even if the Q3 results disappoint, as there is "essentially a floor on the value of shares given the M&A speculation," Harper tells investors in a research note. The analyst sees a likelihood of the board and its bankers pushing through a sale by the end of the year. Twitter closed yesterday up 10c to $16.83.
10/11/16
DBAB
10/11/16
NO CHANGE
Target $22
DBAB
Buy
Twitter guidance could meet, exceed estimates, says Deutsche Bank
Deutsche Bank analyst Ross Sandler says that for the first time in a year, Twitter's guidance could meet or exceed consensus expectations. The analyst sees a good risk/reward profile for shares into the company's Q3 results. He notes that his channel checks point to a "high-end of the range" revenue with "slightly up" monthly active users for Q3. Twitter's NFL live video project "has been by all accounts a smashing success," Sandler tells investors in a research note. He keep a Buy rating on Twitter with a $22 price target.
10/11/16
10/11/16
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. Twitter (TWTR) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena citing the recent pullback in the shares. 2. Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. 3. Virgin America (VA) upgraded to Neutral from Underweight at JPMorgan with analyst Jamie Baker saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." 4. Cummins (CMI) was upgraded to Conviction Buy from Neutral and Caterpillar (CAT) was upgraded to Buy from Neutral at Goldman. 5. Carbonite (CARB) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying he sees "substantial upside" from current levels due to valuation and fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/14/16
RAJA
10/14/16
NO CHANGE
RAJA
Raymond James said Salesforce not bidding for Twitter a significant positive
Raymond James said reports Salesforce (CRM) will not bid for Twitter (TWTR) is a significant positive for shares and could set the stage for a sustained stock recovery and breakout in the stock.
COST Costco
$149.11

0.41 (0.28%)

10/19/16
NRCS
10/19/16
UPGRADE
NRCS
Buy
Costco upgraded to Buy from Neutral at Northcoast
10/19/16
10/19/16
UPGRADE

Buy
Costco upgraded to Buy on earnings momentum at Northcoast
As previously reported, Northcoast upgraded Costco to Buy from Neutral with a $175 price target. Analyst Chuck Cerankosky expects a stronger earnings improvement in 2018 and believes the performance will reflect a $5 membership increase in the US and Canada. Further, the analyst expects the board to declare another $5 per share special dividend given the company's strong cash flow and for the company to benefit from the new relationship with Visa.
10/18/16
WELS
10/18/16
INITIATION
WELS
Market Perform
Costco initiated at Wells Fargo
As noted earlier, Wells Fargo analyst Zachary Fadem initiated Costco with a $150-$155 price target and a Market Perform rating. Fadem thinks that the stock's long-term outlook is positive, but he advises waiting for a better entry point on the shares, all else being equal.
10/18/16
10/18/16
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. Costco (COST) initiated with a Market Perform at Wells Fargo. 2. Level 3 (LVLT) initiated with an Overweight at Barclays. 3. AC Immune (ACIU) initiated with a Buy at Jefferies, an Outperform at Credit Suisse, and an Outperform at Leerink. 4. Apptio (APTI) initiated with a Neutral at Goldman, a Buy at Jefferies, an Equal Weight at Barclays, a Neutral at JPMorgan, a Buy at BofA/Merrill, an Overweight at Pacific Crest, and a Sector Perform at RBC Capital. 5. Adient (ADNT) initiated with an Outperform at Baird, a Neutral at Buckingham, and a Buy at Seaport Global. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
YUM Yum! Brands
$86.62

0.46 (0.53%)

10/12/16
OPCO
10/12/16
NO CHANGE
OPCO
Outperform
Oppenheimer remains a buyer of Yum! Brands ahead of split
Oppenheimer analyst Brian Bittner believes the case to own Yum! Brands into the November 1st split just improved after the company's analyst day. Bittner says new-Yum! Brands' business model resembles scarcity, possesses a unique cost-cutting opportunity and should reliably return significant capital to shareholders, while Yum-China's runway for profit growth is substantial and appears underappreciated based on the current stock price. He reiterates an Outperform rating and $97 price target on the shares.
10/12/16
JPMS
10/12/16
NO CHANGE
Target $99
JPMS
Overweight
Yum! should have rallied more post analyst day, says JPMorgan
JPMorgan analyst John Ivankoe believes shares of Yum! Brands should have rallied more yesterday following the company's analyst day. The 1% rally suggests the analyst day was a near non-event, but in fact it was "significant," Ivankoe tells investors in a research note. Shareholders should use the current price as an entry point, the analyst contends. Ivankoe says he's pleased with the reduction of expenses as Yum! becomes a "truly capital light, franchise-driven model." He raised his price target for the stock to $99 from $94 and keeps an Overweight rating on the name.
10/19/16
FBCO
10/19/16
UPGRADE
FBCO
Outperform
Yum! Brands upgraded to Outperform from Neutral at Credit Suisse
10/19/16
10/19/16
UPGRADE
Target $96

Outperform
Yum! Brands upgraded to Outperform on 'New Yum' outlook at Credit Suisse
As previously reported, Credit Suisse analyst Jason West upgraded Yum! Brands to Outperform from Neutral and raised its price target to $96 from $90 based on a bullish outlook for the "New Yum" non-China, which will begin to trade on a standalone basis on November 1. The analyst sees a base case stock price for the New Yum in the $80+ range by mid-to-late 2018 led by a multiyear earnings growth story driven by accelerating new store growth and tremendous excess capital.
CRMT America's Car-Mart
$37.30

-0.45 (-1.19%)

10/19/16
10/19/16
UPGRADE
Target $44

Buy
America's Car-Mart upgraded to Buy on improving macros at BofA/Merrill
As previously reported, BofA/Merrill upgraded America's Car-Mart two notches to Buy from Underperform and raised its price target to $44 from $27. Analyst Elizabeth Suzuki believes competition in the subprime auto market is beginning to ease and said she is seeing signs of credit tightening at other subprime lenders which should benefit Car-Mart. Suzuki expects significantly stronger same-stores sales growth, better recovery rates for Car-Mart, lower used vehicle pricing that will allow Car-Mart to sell inventory at affordable prices to its low-income customers, and improving scrap values that will help gross margins.
05/24/16
SIDC
05/24/16
DOWNGRADE
SIDC
Neutral
America's Car-Mart downgraded to Neutral from Buy at Sidoti
09/22/16
JANY
09/22/16
NO CHANGE
JANY
CarMax trends concerning for subprime auto financers, says Janney Capital
Janney Capital analyst John Rowan said some of the trends revealed in CarMax's (KMX) quarterly report, including its significant slowdown in subprime sales and the that that company's own financing arm saw a jump in credit costs, are concerning for subprime finance companies. Rowan said CarMax's results support his cautious stance on subprime auto finance providers and he keeps Neutral ratings on Credit Acceptance (CACC), Consumer Portfolio Services (CPSS), America's Car-Mart (CRMT) and Santander Consumer (SC).
10/19/16
BOFA
10/19/16
UPGRADE
BOFA
Buy
America's Car-Mart upgraded to Buy from Underperform at BofA/Merrill
ALDW Alon USA Partners
$8.55

0.27 (3.26%)

10/19/16
SBSH
10/19/16
UPGRADE
Target $34
SBSH
Buy
Western Refining upgraded to Buy from Neutral at Citi
Citi analyst Faisel Khan upgraded Western Refining (WNR) to Buy citing his more bullish stance on Refiners. Near-term weakness is priced into the shares while the Environmental Protection Agency release of its 2017 Renewable Volume Obligations on November 30 should serve as a "major catalyst" for the group, Khan tells investors in a research note. He raised his price target for Western Refining shares to $34 from $23. The analyst this morning also upgraded Alon USA Partners (ALDW) to Buy.
10/19/16
SBSH
10/19/16
UPGRADE
Target $11.5
SBSH
Buy
Alon USA Partners upgraded to Buy from Neutral at Citi
Citi analyst Faisel Khan upgraded Alon USA Partners to Buy citing his more bullish stance on Refiners. Near-term weakness is priced into the shares while the Environmental Protection Agency release of its 2017 Renewable Volume Obligations on November 30 should serve as a "major catalyst" for the group, Khan tells investors in a research note. He keeps an $11.50 price target for shares of Alon USA Partners.
05/16/16
TUDR
05/16/16
DOWNGRADE
TUDR
Sell
Alon USA downgraded to Sell from Hold at Tudor Pickering
04/11/16
FBCO
04/11/16
DOWNGRADE
Target $13
FBCO
Neutral
Alon USA Partners downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Edward Westlake downgraded Alon USA Partners to Neutral and cut his price target for the shares to $13 from $21.

TODAY'S FREE FLY STORIES

ESRX

Express Scripts

$75.85

-0.88 (-1.15%)

, VRX

Valeant

$15.42

0.335 (2.22%)

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Hot Stocks
Express Scripts drops after Citron compares to Valeant's Philidor »

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ESRX

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$75.85

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VRX

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0.335 (2.22%)

CVS

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-0.73 (-0.91%)

WBA

Walgreens Boots Alliance

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0.28 (0.33%)

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YY

YY

$41.00

0.44 (1.08%)

13:05
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Options
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TLRD

Tailored Brands

$26.39

7.4597 (39.41%)

13:02
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GE

General Electric

$31.68

0.08 (0.25%)

13:01
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GE Transportation acquires Iders Incorporated, terms not disclosed »

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  • 08

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ESRX

Express Scripts

$75.85

-0.88 (-1.15%)

13:01
12/08/16
12/08
13:01
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13:01
Periodicals
Citron cautious on Express Scripts, has $45 target on shares »

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INSY

Insys Therapeutics

$10.70

-0.54 (-4.80%)

12:57
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MBOT

Microbot Medical

$7.75

-0.3 (-3.73%)

12:56
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HZNP

Horizon Pharma

$19.39

-0.82 (-4.06%)

12:53
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12:53
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Recommendations
Horizon Pharma analyst commentary  »

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MLSS

Milestone Scientific

$1.77

-0.3254 (-15.50%)

12:51
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Milestone Scientific: Henry Schein ahead of schedule in The Wand training »

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UTI

Universal Technical

$3.62

0.37 (11.38%)

12:44
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Breaking Hot Stocks news story on Universal Technical »

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FEYE

FireEye

$13.61

0.41 (3.11%)

12:40
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12/08
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Options
FireEye calls active »

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  • 08

    Dec

12:40
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General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

UTI

Universal Technical

$3.62

0.37 (11.38%)

12:38
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Breaking Hot Stocks news story on Universal Technical »

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UTI

Universal Technical

$3.62

0.37 (11.38%)

12:38
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Breaking Hot Stocks news story on Universal Technical »

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MNST

Monster Beverage

$44.47

0.1 (0.23%)

12:35
12/08/16
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Options
Monster Beverage put volume heavy and directionally bearish »

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PF

Pinnacle Foods

$51.04

0.58 (1.15%)

12:31
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Pinnacle Foods to hold an investor luncheon »

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UTI

Universal Technical

$3.62

0.37 (11.38%)

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12:30
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General news
U.S. Household net worth rose »

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SAN

Banco Santander

$5.19

0.1549 (3.07%)

12:25
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Banco Santander call volume above normal and directionally bullish »

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TWTR

Twitter

$19.34

-0.14 (-0.72%)

12:21
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Spotify cancels talks to acquire SoundCloud, TechCrunch says »

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AIXG

Aixtron

$4.15

0.042 (1.02%)

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$NYE

NYSE Market Internals

12:16
12/08/16
12/08
12:16
12/08/16
12:16
Technical Analysis
NYSE market internals summary »

Breadth is bullish across…

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$NSD

NASDAQ Market Internals

12:16
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12/08
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12/08/16
12:16
Technical Analysis
NASDAQ market internals summary »

Volume is lighter for…

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PNC

PNC Financial

$114.46

1.79 (1.59%)

12:15
12/08/16
12/08
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12:15
Options
PNC Financial put volume heavy and directionally bearish »

Bearish flow noted in PNC…

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  • 13

    Jan

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