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CRM

Salesforce

$72.51

-0.26 (-0.36%)

, ADBE

Adobe

$108.42

0.93 (0.87%)

11:22
10/19/16
10/19
11:22
10/19/16
11:22

Salesforce target list seen alleviating fears after Twitter deal rollercoaster

Commenting on a reported email from Colin Powell with a presentation containing notes on several potential Salesforce (CRM) acquisition targets that was leaked and published by DCLeaks, Stephens analyst Samad Samana said all the names in the list were "the usual suspects" and would make strategic sense. ACQUISITION TARGETS: A presentation included in leaked emails from Colin Powell, who sits on the Salesforce board of directors, indicate the company was looking at 14 potential acquisition targets in May, according to The Wall Street Journal. The presentation, titled "M&A Target Review," included Demandware (DWRE), which Salesforce agreed to acquire in June. It also names targets such as Adobe (ADBE), Pegasystems (PEGA), ServiceNow (NOW), Tableau Software (DATA), Marketo (MKTO), NetSuite (N), Qlik (QLIK), Box (BOX), Zendesk (ZEN), Workday (WDAY) and LinkedIn (LNKD), which has agreed to be acquired by Microsoft (MSFT). A spokesperson for Salesforce told the publication that the presentation was merely a "landscape" of potential targets, and didn't indicate intent to buy. The report cautions that Box, Zendesk, and Workday were listed in the presentation alongside comments such as "CEO has no interest." Twitter (TWTR) was not named in the presentation, the Journal noted. NO 'OUT OF LEFT FIELD' TARGETS: In a research note this morning, Stephens' Samana noted that while the fears around a potential acquisition of Twitter by Salesforce have been extinguished, investors remain concerned about another "out of left field" deal. However, after he reviewed the full 60-page presentation, he found that Salesforce's 14-company interest list is "the usual suspects" and is comprised of companies that would make sense with its overall growth strategy. Samana found Adobe particularly interesting among all the names, as the acquisition would be more of a merger of equals and one he thinks investors would applaud. Nonetheless, the absence of Twitter and any other surprising targets should help allay any remaining concerns that Salesforce will make a large acquisition that does not make strategic sense, he contended. Additionally, the analyst told investors that holes in the company's marketing cloud could drive near-term M&A strategy, especially since two key competitors, namely Adobe and Oracle (ORCL), are highlighted as having a more complete set of offerings. Samana reiterated an Overweight rating and $94 price target on Salesforce's shares. PRICE ACTION: In morning trading, shares of Salesforce are fractionally down to $72.49, while ServiceNow's stock has advanced 4.5% to $79.55 per share. Meanwhile, shares of Tableau Software and Pegasystems have jumped about 6% and 7%, respectively, after the story regarding the email.

CRM

Salesforce

$72.51

-0.26 (-0.36%)

ADBE

Adobe

$108.42

0.93 (0.87%)

PEGA

Pegasystems

$29.90

0.55 (1.87%)

DWRE

Demandware

NOW

ServiceNow

$79.88

3.72 (4.88%)

DATA

Tableau

$50.12

2.89 (6.12%)

MKTO

Marketo

N

NetSuite

$100.72

0.23 (0.23%)

QLIK

Taken private

BOX

Box

$14.43

-0.06 (-0.41%)

ZEN

Zendesk

$26.88

0.66 (2.52%)

WDAY

Workday

$87.42

0.88 (1.02%)

LNKD

LinkedIn

$190.43

0.05 (0.03%)

MSFT

Microsoft

$57.66

0.44 (0.77%)

TWTR

Twitter

$17.16

0.33 (1.96%)

ORCL

Oracle

$38.58

0.16 (0.42%)

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CRM Salesforce
$72.51

-0.26 (-0.36%)

10/18/16
RSBL
10/18/16
INITIATION
Target $90
RSBL
Buy
Salesforce initiated with a Buy at Rosenblatt
Rosenblatt analyst Marshall Senk initiated Salesforce.com with a Buy and a $90 price target. The analyst believes Q2 weakness will prove to be a short-term issue and said the company is rebounding strongly here in Q3 and is setup well for the fourth quarter. Further, he has confidence in FY18 sales of $10B driven by customer adoption, as supported by the balance sheet.
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.
10/10/16
JPMS
10/10/16
NO CHANGE
Target $95
JPMS
Overweight
JPMorgan sees 'opportune entry point' for Salesforce
JPMorgan analyst Mark Murphy believes shares of Salesforce (CRM) are at an "'opportune entry point" following the recent selloff. The pullback has been driven by a "slightly soft" Q2 and concerns about a potentially expensive acquisition of Twitter (TWTR), Murphy tells investors in a research note. After speaking to industry contacts at Dreamforce, the analyst sees a path for the "overhangs to fade" with a "better pace of business in Q3/Q4" as well as the eventual fading of the Twitter discussion. Murphy reiterates an Overweight rating on Salesforce with a $95 price target in a research note titled "The Most Valuable Cloud Asset Is Undeservedly Undervalued."
10/07/16
ADAM
10/07/16
NO CHANGE
Target $95
ADAM
Buy
Salesforce worthy of investor consideration at current levels, says Canaccord
Canaccord analyst Richard Davis came away from the Salesforce (CRM) Dreamforce week more enthused about the company's outlook. The analyst noted the company is growing its revenues 3.5 times faster than it legacy peers. Davis noted the company's CEO said they are very disciplined on price when it comes to acquisitions and believes that they would not be interested in Twitter (TWTR) at its rumored asking price of $28 per share. Davis reiterated his Buy rating and $95 price target on Salesforce shares.
ADBE Adobe
$108.42

0.93 (0.87%)

09/21/16
UBSW
09/21/16
NO CHANGE
Target $130
UBSW
Buy
Adobe price target raised to $130 from $122 at UBS
UBS analyst Brent Thill raised his price target on Adobe to $130 from $122 following Q3 results he called strong. The firm sees continued momentum in several businesses, including Creative Cloud, Marketing Cloud, and Document Cloud. Thill reiterated his Buy rating on Adobe shares.
09/21/16
ADAM
09/21/16
NO CHANGE
Target $120
ADAM
Buy
Adobe price target raised to $120 from $110 at Canaccord
Canaccord analyst Richard Davis raised his price target on Adobe to $120 from $110 following the company's Q3 earnings report. The analyst remains excited about the company, which he views as the definitive leader in digital content creation, adding that with the emergence of inbound marketing, content has been crucial to marketing success. Davis, who expects Adobe to continue to grow revenues in the low 20% range next year, reiterated his Buy rating on Adobe shares.
09/21/16
JMPS
09/21/16
NO CHANGE
JMPS
Adobe price target raised to $120 from $106 at JMP Securities
JMP Securities analyst Patrick Walravens says that Adobe reported :strong" Q3 results that restored his confidence in the stock. The analyst remains upbeat on the company's long-term outlook and keeps an Outperform rating on the shares.
09/21/16
JPMS
09/21/16
NO CHANGE
Target $122
JPMS
Overweight
Adobe price target raised to $122 from $110 at JPMorgan
JPMorgan analyst Sterling Auty raised his price target for Adobe Systems to $122 saying the company's "strong" Q3 results should alleviate recent investor concerns. Momentum in Creative Cloud and digital marketing position the stock well for a Q4 "push," Auty tells investors in a post-earnings research note. He keeps an Overweight rating on the shares.
PEGA Pegasystems
$29.90

0.55 (1.87%)

11/16/15
WEDB
11/16/15
NO CHANGE
WEDB
Pegasystems CFO resignation 'relatively benign,' says Wedbush
After Pegasystems announced the resignation of its CFO, Wedbush says that the implications for the company are "relatively benign." The firm says that the company's outgoing CFO is pursuing a good opportunity at a pre-IPO tech company, and his departure does not reflect poorly on Pegasystems. The firm keeps a $30 price target and Outperform rating on the shares.
DWRE Demandware

08/26/16
ROTH
08/26/16
NO CHANGE
Target $103
ROTH
Buy
Roth Capital expects Salesforce quarterly results to beat expectations
Roth Capital analyst Richard Baldry points out that Salesforce (CRM) is expected to report Q2 results on Monday after the market close and says forecasts appear conservative at the top and bottom lines. Baldry expects, therefore, moderate upside to both and notes that he also views the company's acquisition of Demandware (DWRE) as "highly strategic." He reiterates a Buy rating and $103 price target on Salesforce's shares.
06/13/16
RHCO
06/13/16
NO CHANGE
RHCO
Salesforce acquisition positive, says SunTrust
SunTrust says that Salesforce's (CRM) acquisition of Demandware (DWRE) is " prescient." The firm thinks that Demandware's e-commerce platform could become a billion dollar business in ten years and enable Salesforce to exploit multiple synergies. The firm elevated Salesforce to top pick status.
06/03/16
BTIG
06/03/16
DOWNGRADE
BTIG
Neutral
Demandware downgraded to Neutral from Buy at BTIG
Demandware (DWRE) is being acquired by Salesforce.com for $75 per share.
06/02/16
DBAB
06/02/16
DOWNGRADE
Target $75
DBAB
Hold
Demandware downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Nandan Amladi downgraded Demandware to Hold citing the acquisition by Salesforce at $75 per share.
NOW ServiceNow
$79.88

3.72 (4.88%)

09/15/16
GUGG
09/15/16
INITIATION
Target $90
GUGG
Buy
ServiceNow initiated with a Buy at Guggenheim
Guggenheim analyst Ryan Hutchinson initiated ServiceNow with a Buy and a $90 price target.
10/12/16
OTRG
10/12/16
DOWNGRADE
OTRG
Mixed
ServiceNow downgraded to Mixed from Positive at OTR Global
10/18/16
PIPR
10/18/16
NO CHANGE
Target $90
PIPR
Overweight
Piper sees ServiceNow Q3 earnings report as catalyst
Piper Jaffray analyst Alex Zukin says his recent conversations with industry partners indicate "strong" renewal and net new business in ServiceNow's (NOW) Q3. He expects the company to outperform consensus expectations. Zukin sees the earnings report as a catalyst and points out that shares of ServiceNow are down 12% year-to-date while trading at a 14% discount to Workday (WDAY). The analyst reiterates an Overweight rating on ServiceNow with a $90 price target.
09/19/16
BMOC
09/19/16
INITIATION
BMOC
Market Perform
ServiceNow initiated with a Market Perform at BMO Capital
DATA Tableau
$50.12

2.89 (6.12%)

09/30/16
COWN
09/30/16
NO CHANGE
COWN
Hortonworks checks 'concerning,' quarter at risk, says Cowen
Cowen analyst J. Derrick Wood said his checks suggest there have been many high-level employee departures at Hortonworks (HDP) and he also thinks that sales productivity is constrained, presenting risk to its quarterly results. Meanwhile, he said that his checks on Teradata (TDC) remain constructive, noting that he is hearing the company is already signing orders for cloud with its core analytical database products now available on AWS. There are "some encouraging data points" for Tableau (DATA), said Wood, who added that he still has more field work to do around its quarter.
09/14/16
OPCO
09/14/16
NO CHANGE
Target $62
OPCO
Outperform
Oppenheimer remains positive on Tableau long-term opportunity
Oppenheimer analyst Ittai Kidron says he remains positive on Tableau's long-term opportunity after meeting with the company's management, but notes that investors may need to build in a multiple-quarter view. He says the key is execution and recommends buying ahead of proof points given the size of the BI/Analytics opportunity and ongoing signs of Tableau's differentiation. Kidron reiterates an Outperform rating and $62 price target on the shares.
08/25/16
RBCM
08/25/16
DOWNGRADE
RBCM
Sector Perform
Tableau downgraded on cloud transition, competition at RBC Capital
As noted earlier, RBC Capital downgraded Tableau to Sector Perform from Outperform. As reasons for the downgrade, analyst Matthew Hedberg cited the company's transition to the cloud and increased competition. Additionally, the analyst believes that a takeover has become less likely after the company named a new CEO. Target $65.
08/25/16
RBCM
08/25/16
DOWNGRADE
RBCM
Sector Perform
Tableau downgraded to Sector Perform from Outperform at RBC Capital
MKTO Marketo

06/08/16
BERN
06/08/16
DOWNGRADE
BERN
Market Perform
Marketo downgraded to Market Perform from Outperform at Bernstein
Marketo (MKTO) is being acquired by Vista Equity Partners for $35.25 per share in cash.
06/01/16
DADA
06/01/16
DOWNGRADE
DADA
Neutral
Marketo downgraded to Neutral from Buy at DA Davidson
(MKTO) is being acquired by Vista Equity Partners for $35.25 per share in cash.
06/15/16
JMPS
06/15/16
DOWNGRADE
JMPS
Market Perform
Marketo downgraded to Market Perform from Outperform at JMP Securities
Marketo (MKTO) is being acquired by Vista Equity Partners for $35.25 per share in cash.
06/01/16
ROTH
06/01/16
NO CHANGE
Target $26
ROTH
Buy
Callidus sector attractiveness highlighted by Marketo deal, says Roth Capital
Roth Capital analyst Richard Baldry believes yesterday's announcement that Marketo (MKTO) has agreed to be acquired by a private equity firm highlights the attractiveness of the customer relationship management, or CRM, space that Callidus Software (CALD) competes in. The analyst expects well-scaled CRM players to remain "attractive takeover targets" long-term. Baldry reiterates a Buy rating and $26 price target on Callidus' shares.
N NetSuite
$100.72

0.23 (0.23%)

08/02/16
MKMP
08/02/16
DOWNGRADE
MKMP
Neutral
NetSuite downgraded to Neutral from Buy at MKM Partners
MKM Partners downgraded NetSuite (N) following the proposed acquisition by Oracle (ORCL) for $109 per share.
07/29/16
COWN
07/29/16
UPGRADE
Target $109
COWN
Market Perform
NetSuite upgraded to Market Perform from Underperform at Cowen
Cowen upgraded NetSuite (N) to Market Perform from Underperform following the proposed acquisition by Oracle (ORCL) for $109 per share.
07/29/16
RAJA
07/29/16
UPGRADE
RAJA
Market Perform
NetSuite upgraded to Market Perform from Underperform at Raymond James
09/13/16
JMPS
09/13/16
NO CHANGE
JMPS
NetSuite takeover price likely to increase, says JMP Securities
JMP Securities analyst Patrick Walravens believes that Oracle's (ORCL) $109 takeover offer for NetSuite (N) will probably increase, partly because a majority of shares owned by those who are not insiders must vote to approve the transaction. The analyst notes that T. Rowe Price (TROW), which controls 18% of such shares, opposes the deal at the current price. Walravens adds that NetSuite appears to have failed to "canvas the market," as required by Delaware law. He raised his price target on NetSuite to $121 from $100 and keeps an Outperform rating on the stock.
QLIK Taken private

08/23/16
DBAB
08/23/16
NO CHANGE
Target $60
DBAB
Hold
Deutsche Bank says Tableau challenges remain despite 'thinking big' with new CEO
Deutsche Bank analyst Karl Keirstead said he was impressed that Tableau (DATA) was willing to "think big" to hire someone at the level of Adam Selipsky, who only recently resigned as a senior executive at Amazon Web Services (AMZN), adding that he doubts Selipsky would have been confident enough in Tableau's future to take the CEO job if AWS was likely to disrupt Tableau with its own QuickSight product. However, while Tableau is already "way ahead" of rivals like Qlik Technologies (QLIK) in the cloud, challenges such as a competitive and commoditizing market as well as price deflation, are not going away, said Keirstead, who keeps a Hold rating and $60 price target on Tableau shares.
06/22/16
JMPS
06/22/16
DOWNGRADE
JMPS
Market Perform
Qlik Technologies downgraded to Market Perform from Outperform at JMP Securities
Qlik Technologies is being acquired by Thoma Bravo for $30.50 per share.
07/18/16
JEFF
07/18/16
DOWNGRADE
Target $30.5
JEFF
Hold
Qlik Technologies downgraded to Hold from Buy at Jefferies
Jefferies analyst John DiFucci downgraded Qlik Technologies to Hold with a $30.50 price target citing the announced Thoma Bravo acquisition.
08/01/16
DADA
08/01/16
NO CHANGE
DADA
Tableau results should beat expectations, says DA Davidson
DA Davidson analyst Jack Andrews expects Tableau's (DATA) Q2 results to beat expectations. The analyst says that Tableau's competitor, Qlik Technologies (QLIK), reported good results last week, while Tableau's Tableau 10 product could be a near-term catalyst for its stock. Andrews keeps a $101 price target and Buy rating on Tableau.
BOX Box
$14.43

-0.06 (-0.41%)

06/02/16
JMPS
06/02/16
NO CHANGE
JMPS
Box weakness creates buying opportunity, says JMP Securities
JMP Securities notes that Box reported higher than expected Q1 revenue but lower than expected billings. The firm says that the billings miss caused the stock to drop about 7% in after-hours trading. The firm recommends using the weakness in the stock as a buying opportunity. It believes that the company can continue growing at a 25% clip for a significant amount of time, while it has significant leverage. JMP keeps an $18 price target and Outperform rating on the shares.
09/26/16
RSBL
09/26/16
INITIATION
Target $25
RSBL
Buy
Box initiated with a Buy at Rosenblatt
Rosenblatt analyst Marshall Senk initiated Box with a Buy and a $25 price target.
09/15/16
MUFG
09/15/16
INITIATION
MUFG
Neutral
Box initiated with a Neutral at MUFG
MUFG analysts Stephen Bersey and Daniel Clark initiated Box with a Neutral rating and a $15 price target.
09/09/16
OPCO
09/09/16
NO CHANGE
Target $18
OPCO
Outperform
Oppenheimer bullish on Box, Google collaboration
Oppenheimer analyst Ittai Kidron is "incrementally positive" on Box (BOX) after attending its BoxWorks conference and analyst day, and says he remains bullish on 2018 opportunities for upside as new products gain traction. Additionally, the analyst is bullish on the newly announced Google (GOOG; GOOGL) integration, saying it not only closes a platform gap and enhances SMB coverage, but reinforces Box's enterprise leadership. Kidron reiterates an Outperform rating and $18 price target on Box's shares.
ZEN Zendesk
$26.88

0.66 (2.52%)

08/03/16
PIPR
08/03/16
NO CHANGE
Target $35
PIPR
Overweight
Zendesk less big beat likely to weigh on shares, says Piper Jaffray
Piper Jaffray analyst Alex Zukin believes the decreasing magnitude of Zendesk's beat in Q2 will likely weigh on the stock today. The company's $1M billings beat relative to consensus expectations is well below the $4M-$5M beats the Street has seen over the past year, Zukin tells investors in a post-earnings research note. The analyst, however, sees a favorable setup in the second half of 2016 and views the concerns as overdone. He reiterates an Overweight rating on Zendesk with a $35 price target.
08/01/16
JMPS
08/01/16
NO CHANGE
JMPS
Zendesk price target raised to $33 from $28 at JMP Securities
JMP Securities analyst Patrick Walravens increased his price target on Zendesk, as he says that checks have uncovered five positive data points and zero negative data points about the company. The analyst thinks that the company is continuing to gain share, and he keeps an Outperform rating on the stock.
06/23/16
UBSW
06/23/16
INITIATION
Target $32
UBSW
Buy
Zendesk initiated with a Buy at UBS
UBS analyst Brent Thill initiated Zendesk with a Buy and $32 price target. The analyst believes that Zendesk's suite of cloud-based customer support and engagement software applications will increasingly be viewed as a strategic differentiator and an asset that drives revenues from consumers who interact with support teams and net new prospects who hear positive reviews via connected channels such as the internet or social media.
07/18/16
STFL
07/18/16
INITIATION
STFL
Hold
Zendesk initiated with a Hold at Stifel
WDAY Workday
$87.42

0.88 (1.02%)

09/28/16
09/28/16
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. Workday (WDAY) upgraded to Neutral from Underperform at Wedbush with analyst Steve Koenig citing second-half 2016 sales potential, following a first-half which he thinks wasn't as good as generally perceived. 2. Dillard's (DDS) upgraded to Outperform from Neutral at Credit Suisse with analyst Michael Exstein citing the company's consistency in capital allocation and its valuation, which he says is at the low end of its historic trading range. 3. Cypress Energy (CELP) upgraded to Buy from Hold at Stifel analyst Michael Hoffman saying the CEO is upbeat on the company's outlook and its ability to maintain its distribution at current levels. 4. Huntington Bancshares (HBAN) upgraded to Buy from Hold at Deutsche Bank with analyst Matt O'Connor saying the 15% pullback in the shares since the FirstMerit (FMER) deal was announced is overdone. 5. Hi-Crush Partners (HCLP) upgraded to Neutral from Sell at UBS with analyst Shneur Gershuni saying recent commentary from oil field service companies indicate an increase in sand demand and intensity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/16
ADAM
10/03/16
NO CHANGE
Target $110
ADAM
Buy
Workday price target raised to $110 from $98 at Canaccord
Canaccord analyst Richard Davis raised his price target on Workday to $110 from $98 as the company has grown into its current valuation and the stock will continue to advance on a sustainable basis in a bullish environment. Davis reiterated his Buy rating on Workday shares.
09/30/16
OPCO
09/30/16
NO CHANGE
Target $100
OPCO
Outperform
Workday price target raised to $100 from $90 at Oppenheimer
Oppenheimer analyst Brian Schwartz raised his price target for Workday to $100 saying his customer survey makes him "increasingly comfortable" with the company's current business momentum. The analyst is "optimistic "about bookings and growth trends and sees low risk to estimates. Schwartz continues to view Workday as top 2016 pick with an Outperform rating.
LNKD LinkedIn
$190.43

0.05 (0.03%)

06/15/16
UBSW
06/15/16
DOWNGRADE
Target $196
UBSW
Neutral
LinkedIn downgraded to Neutral from Buy at UBS
UBS analyst Eric Sheridan downgraded LinkedIn (LNKD) to Neutral saying it is unlikely that another bidder to Microsoft (MSFT) will emerge. The analyst, however, "cannot completely rule out this possibility." He raised his price target for LinkedIn shares to $196 from $175.
06/15/16
RBCM
06/15/16
DOWNGRADE
RBCM
Sector Perform
LinkedIn downgraded to Sector Perform from Outperform at RBC Capital
LinkedIn (LNKD) is being acquired by Microsoft (MSFT) for $196 per share in cash.
06/15/16
NOMU
06/15/16
DOWNGRADE
NOMU
Neutral
LinkedIn downgraded to Neutral from Buy at Nomura
LinkedIn (LNKD) is being acquired by Microsoft (MSFT) for $196 per share in cash.
09/23/16
BOFA
09/23/16
NO CHANGE
Target $55
BOFA
Buy
BofA thinks Verizon deal stays on track despite Yahoo data breach
Bank of America Merrill Lynch analyst Justin Post said that Yahoo's (YHOO) disclosure of the massive data breach impacting over 500M of its users is clearly a negative for the company that could result in email account closures, but he does not anticipate a major impact on Yahoo's business related to this breach, citing as evidence the fact that he is not aware of any significant business impairment or financial liability related to security breaches at LinkedIn (LNKD) in 2012 and at eBay (EBAY) in 2014. Post adds that the Target (TGT) data breach, which did include credit card info, is not directly comparable to Yahoo's breach. For Verizon (VZ) to back out of its acquisition agreement, Post thinks the company would need to assume Yahoo acted in bad faith during negotiations and that the Yahoo asset is impaired or comes with significant liability, neither of which he sees as being the case. The analyst keeps a Buy rating on Yahoo and bumped his target on the shares to $55 from $53, citing an increased price target on Alibaba (BABA) that a peer at the firm recently set.
MSFT Microsoft
$57.66

0.44 (0.77%)

10/13/16
NOMU
10/13/16
NO CHANGE
Target $65
NOMU
Buy
Microsoft expected to report a solid quarter, says Nomura
Nomura analyst Frederick Grieb expects Microsoft to report a solid Q1 driven by strong performance in Productivity and Business Process andIntelligent Cloud along with continued, single-digit declines in More Personal Computing results. The firm's reseller survey indicates Microsoft came in above plan for the quarter as resellers were positive on the Office 365 model transition. Grieb believes the transition to Office 365 is above plan, declines in the Windows business have likely moderated and the company should continue to outperform on operating expenses. The analyst rates Microsoft a Buy with a $65 price target.
10/12/16
WELS
10/12/16
NO CHANGE
WELS
Market Perform
Wells doesn't see Apple as biggest beneficiary from Samsung issues
Wells Fargo analyst Maynard Um attributes the recent rally in shares of Apple (AAPL), at least in part, to Samsung's (SSNLF) issues with its Note 7 phones. Apple gained an incremental $14B in market capitalization at its intraday peak, which the analyst believes embeds more than 3M of incremental iPhone 7 Plus units. Samsung's production halt will help Apple, but other Android vendors with 5.7 inch phones could see a bigger benefit if Android users prefer to stick with Android, Um tells investors in a research note. He points out that LG, Kyocera, and Microsoft (MFST) have 5.7 inch Android phones at U.S. carriers. Um thinks expectations for Apple into earnings "have risen materially." He keeps a Market Perform rating on the iPhone maker. Apple closed yesterday up 25c to $116.30.
10/06/16
OPCO
10/06/16
NO CHANGE
OPCO
Microsoft, Amazon well positioned to enable cloud, AI trends, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that machine learning and artificial intelligence have been use to improve applications and acceleration of infrastructure builds, with "intelligent software" designed to make lives easier and more productive. Further, the analyst sees communications and cloud services continuing to converge, with infrastructure and data as key components to AI. Microsoft (MSFT) and Amazon (AMZN) Web Service are well positioned to enable these trends, he contends, adding that he see colocation providers, such as Equinix (EQIX) and Interxion (INXN), and networking companies like Zayo Group (ZAYO) GTT Communications (GTT) as beneficiaries.
09/26/16
CANT
09/26/16
NO CHANGE
Target $42
CANT
Buy
Yelp takeout chances increased with share conversion, says Cantor
Yelp's (YELP) conversion of Class B super-voting shares into regular Class A shares late last week increases the company's takeout potential, Cantor Fitzgerald analyst Youssef Squali tells investors in a research note. Yelp, especially following recent improvements in the underlying growth fundamentals of the business, has become "an easier, and more likely" acquisition target, the analyst contends. The analyst views Facebook (FB), Priceline (PCLN), TripAdvisor (TRIP) and Microsoft (MSFT) as potential acquirers of Yelp. Squali estimates Yelp could be worth $53 per share in a takeout. He keeps a Buy rating on the stock with a $42 price target. The stock is up 2% to $40.35 in early trading.
TWTR Twitter
$17.16

0.33 (1.96%)

10/19/16
10/19/16
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 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.
10/11/16
10/11/16
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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.
10/19/16
LOOP
10/19/16
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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.
ORCL Oracle
$38.58

0.16 (0.42%)

09/16/16
RHCO
09/16/16
NO CHANGE
RHCO
Oracle reported 'strong cloud results,' says SunTrust
SunTrust analyst John Rizzuto says that Oracle reported "strong cloud results." The analyst thinks that the company's cloud business is gaining "market and mind share." He predicts that the company's combined cloud and on-premises software revenue will rise 5% in fiscal 2017, up from a 2% decline in fiscal 2016. He keeps a $48 price target and Buy rating on the stock.
09/23/16
STFL
09/23/16
NO CHANGE
STFL
Oracle removed from Select List at Stifel
After attending Oracle's Analyst Day, Stifel analyst Brad Reback says that the company's infrastructure as a service portfolio "is still quite nascent." The analyst thinks that the company will have to significantly raise its overall capex in order to catch up with the leaders in the space. The analyst trimmed his price target on the stock to $45 from $48 and removed the stock from his Select List. However, he keeps a Buy rating on the shares.
09/16/16
BERN
09/16/16
NO CHANGE
BERN
Oracle miss due to 'transitory issues,' says Bernstein
After Oracle reported weaker than expected Q1 results, Bernstein analyst Mark Moerdler blames the miss on "transitory" factors, including foreign exchange headwinds and increased borrowing costs, as well as weakness in businesses on which the company is "less concerned with." The analyst says that the company's cloud business exceeded expectations, and he notes that its overall software revenue increased last quarter. He keeps an Outperform rating on the shares.
09/16/16
ADAM
09/16/16
NO CHANGE
Target $45
ADAM
Buy
Oracle shares cheap, cloud results positive, says Canaccord
Canaccord analyst Richard Davis said Oracle reported solid organic growth for its cloud business, including software licenses and cloud SaaS and PaaS. The analyst believes continued cloud success will weigh on margins and the decline in Hardware revenues will weigh on the overall businesses. However, Davis said Oracle shares remain sufficiently inexpensive to maintain as a Buy with a $45 price target.

TODAY'S FREE FLY STORIES

BXP

Boston Properties

$129.50

0.66 (0.51%)

06:36
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VNR

Vanguard Natural

$1.12

0.1083 (10.72%)

06:35
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HDSN

Hudson Technologies

$7.33

0.01 (0.14%)

06:35
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Syndicate
Hudson Technologies 6.429M share Secondary priced at $7.00 »

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NVCR

Novocure

$8.75

0.4 (4.79%)

06:34
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Conference/Events
Novocure to host research and development day »

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LFUS

Littelfuse

$154.58

3.1 (2.05%)

06:33
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Earnings
Littelfuse backs Q4 adjusted EPS view $1.45-$1.59, consensus $1.52 »

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  • 09

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FLR

Fluor

$56.00

1.33 (2.43%)

06:32
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GIMO

Gigamon

$47.95

-0.4 (-0.83%)

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WNC

Wabash

$15.13

0.44 (3.00%)

06:32
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Initiation
Wabash initiated  »

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PH

Parker-Hannifin

$141.89

-3.09 (-2.13%)

06:32
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Initiation
Parker-Hannifin initiated  »

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DDAIF

Daimler AG

$72.20

0.19 (0.26%)

, VLKAY

Volkswagen

$28.75

-0.188 (-0.65%)

06:32
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12/09
06:32
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06:32
Periodicals
Daimler CEO says company will be 2016's biggest luxury carmaker, Reuters says »

Daimler CEO Dieter…

DDAIF

Daimler AG

$72.20

0.19 (0.26%)

VLKAY

Volkswagen

$28.75

-0.188 (-0.65%)

BMWYY

BMW

$31.39

0.205 (0.66%)

03/08/13
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  • 05

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  • 10

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GWR

Genesee & Wyoming

$79.54

1.77 (2.28%)

06:31
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12/09
06:31
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06:31
Hot Stocks
Genesee & Wyoming reports November traffic up 3.7% y/y »

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DTEA

DAVIDsTEA

$9.30

0.15 (1.64%)

06:30
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WCN

Waste Connections

$76.63

0.04 (0.05%)

06:29
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SPR

Spirit AeroSystems

$61.26

0.65 (1.07%)

06:28
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ADSK

Autodesk

$81.74

1.4 (1.74%)

06:26
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  • 09

    Jan

WEGRY

Weir Group

$11.65

-0.08 (-0.68%)

06:26
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CVRR

CVR Refining

$10.40

1.25 (13.66%)

06:25
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BCS

Barclays

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0.09 (0.76%)

06:25
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PCAR

PACCAR

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0.44 (0.65%)

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OSK

Oshkosh

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MTW

Manitowoc

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0.07 (1.15%)

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KMT

Kennametal

$34.21

0.16 (0.47%)

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WFC

Wells Fargo

$57.29

0.01 (0.02%)

06:20
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Wells Fargo names four board members for sales scandal review, Reuters reports »

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UNCFF

UniCredit

$2.73

0.07 (2.63%)

06:20
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Hot Stocks
UniCredit to sell 32.8% stake in Bank Pekao to PZN, PFR »

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ETN

Eaton

$68.98

0.08 (0.12%)

06:19
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