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GRUB

GrubHub

$41.74

-0.34 (-0.81%)

, FB

Facebook

$128.57

1.03 (0.81%)

12:26
10/19/16
10/19
12:26
10/19/16
12:26

GrubHub dips briefly after Facebook launches food ordering feature

GrubHub (GRUB) shares dipped Wednesday morning after Facebook (FB) announced the launch of a new food ordering feature, potentially increasing competitive pressure against the platform. WHAT'S NEW: In an October 19 blog post, Facebook announced several additions aimed at boosting local businesses on the platform, including a food ordering feature: "You can now order food from restaurants directly from their Facebook Pages. Simply click 'Start Order' on any restaurant's Facebook Page that uses Delivery.com or Slice." The company noted that the new features begin rolling out in the U.S. today, adding that "over the coming months we'll be launching even more new features." PRICE ACTION: After initially falling near $41, GrubHub shares have recovered much of their losses and are trading down 0.5% to $41.86 near midday.

GRUB

GrubHub

$41.74

-0.34 (-0.81%)

FB

Facebook

$128.57

1.03 (0.81%)

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GRUB GrubHub
$41.74

-0.34 (-0.81%)

10/10/16
ROTH
10/10/16
INITIATION
Target $44
ROTH
GrubHub initiated with a Neutral at Roth Capital
Roth Capital initiated GrubHub with a Neutral and a $44 price target.
10/12/16
ARGS
10/12/16
INITIATION
Target $52
ARGS
Buy
GrubHub initiated with a Buy at Argus
Argus analysts John Staszak and Mike Jaffe initiated with a Buy rating and a $52 price target.
10/12/16
10/12/16
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. AB InBev (BUD) reinstated with an Outperform at Credit Suisse. 2. GrubHub (GRUB) initiated with a Buy at Argus. 3. Dave & Buster's (PLAY) initiated with an Outperform at Wells Fargo. 4. Buckeye Partners (BPL) initiated with a Neutral at Credit Suisse. 5. Luminex (LMNX) initiated with an Outperform at Avondale. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/13/16
BOFA
10/13/16
UPGRADE
Target $46
BOFA
Buy
GrubHub upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Nat Schindler upgraded GrubHub to Buy and raised its price target to $46 from $40 based on expectations 2H 2016 gross food sales growth and take rate will accelerate. Schindler raised Q3 and Q4 estimates above management's guidance resulting in a FY17 earnings estimate of $1.15, versus consensus of $1.09.
FB Facebook
$128.57

1.03 (0.81%)

10/13/16
LOOP
10/13/16
NO CHANGE
Target $165
LOOP
Buy
Facebook keeps expanding addressable market, says Loop Capital
Loop Capital analyst Blake Harper noted that Facebook has launched several new products over the past week as the company keeps working to expand its addressable market. Among the new offerings, Harper sees "Events" as a natural extension of what people already use Facebook for, views "Workplace by Facebook" as the largest strategic leap and said "Marketplace" should be helpful for users but more difficult to scale as a business considering Facebook's prior challenges in making inroads in e-commerce. While he does not expect near term revenues from any of these products, Harper said Facebook's innovation gives him confidence in his longer-term estimates and keeps a Buy rating and $165 price target on the stock.
10/14/16
PIPR
10/14/16
NO CHANGE
Target $185
PIPR
Overweight
Piper's teen survey shows declining Facebook engagement
Piper Jaffray analyst Gene Munster says his firm's latest survey of over 10,000 teens shows Facebook engagement is decreasing. Engagement in the Fall survey is 52% versus 60% in Spring. Factoring out shifts in the population surveyed, core Facebook usage likely declined by three basis points, which indicates Facebook is gradually becoming less relevant versus Instagram and Snapchat, Munster tells investors in a research note. He points out, however, that teens indicating they use Instagram increased five points in the Fall 2016 survey, slightly faster than Snapchat's four points. Desire for engagement from brands on Instagram will drive long-term monetization above core Facebook levels, Munster contends, while noting that declining Facebook usage is a negative. The analyst keeps an Overweight rating on the shares with a $185 price target.
10/14/16
JPMS
10/14/16
NO CHANGE
Target $134
JPMS
Overweight
JPMorgan tweaks Alibaba, Netflix targets lower ahead of Q3 results
JPMorgan analyst Doug Anmuth lowered his price target for Alibaba (BABA) to $134 from $135 and his target for Netflix (NFLX) to $122 from $125 ahead of the Q3 reporting season. Both stocks remain Overweight rated. The analyst slightly lowered his estimates for Alibaba to reflect tougher inventory comps and increased investment spending. He remains positive on the company's overall monetization trends. On Netflix, Anmuth tweaked his 2017 average selling price forecast lower while increasing his investment spend estimate modestly. Within the Internet space, the analyst's top large-cap picks into the quarter are Alphabet (GOOGL), Facebook (FB) and Amazon.com (AMZN). Among small-caps, his top picks into earnings are Yelp (YELP), Pandora (P) and Match Group (MTCH).
10/17/16
FBCO
10/17/16
NO CHANGE
Target $170
FBCO
Outperform
Facebook price target raised to $170 from $154 at Credit Suisse
Credit Suisse analyst Stephen Ju raised Facebook's price target to $170 from $154 on a roll forward to the end of 2017 estimates. Ju's Outperform rating and investment thesis remain unchanged and continues to expect Facebook will be able to drive long term revenue growth without a material lift in ad loads, street models continue to underestimate the long-term monetization potential of upcoming new products, and upward bias to estimates, which do not contemplate contributions from multiple other products including WhatsApp, Messenger, and Offers/Local.

TODAY'S FREE FLY STORIES

X

U.S. Steel

$24.66

-1.13 (-4.38%)

07:47
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PSXP

Phillips 66 Partners

$48.52

0.37 (0.77%)

, PSX

Phillips 66

$89.14

0.07 (0.08%)

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Hot Stocks
Breaking Hot Stocks news story on Phillips 66 Partners, Phillips 66 »

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PSXP

Phillips 66 Partners

$48.52

0.37 (0.77%)

PSX

Phillips 66

$89.14

0.07 (0.08%)

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PSXP

Phillips 66 Partners

$48.52

0.37 (0.77%)

, PSX

Phillips 66

$89.14

0.07 (0.08%)

07:47
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09/22
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07:47
Hot Stocks
Breaking Hot Stocks news story on Phillips 66 Partners, Phillips 66 »

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PSXP

Phillips 66 Partners

$48.52

0.37 (0.77%)

PSX

Phillips 66

$89.14

0.07 (0.08%)

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ZBH

Zimmer Biomet

$113.06

-2.92 (-2.52%)

07:45
09/22/17
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07:45
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Zimmer Biomet analyst commentary  »

Value investors should…

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07:45
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General news
N.Y. FX Outlook »

N.Y. FX Outlook: The…

BABA

Alibaba

$177.39

-0.56 (-0.31%)

, TCEHY

Tencent

$44.15

-0.15 (-0.34%)

07:44
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09/22
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07:44
Periodicals
Alibaba, Tencent look towards emerging markets in mobile-payments race, WSJ says »

Chinese companies Alibaba…

BABA

Alibaba

$177.39

-0.56 (-0.31%)

TCEHY

Tencent

$44.15

-0.15 (-0.34%)

AAPL

Apple

$153.39

-2.68 (-1.72%)

GOOG

Alphabet

$932.45

0.87 (0.09%)

GOOGL

Alphabet Class A

$947.55

0.01 (0.00%)

03/08/13
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SPR

Spirit AeroSystems

$78.90

0.76 (0.97%)

07:44
09/22/17
09/22
07:44
09/22/17
07:44
Conference/Events
Spirit AeroSystems to host investor meeting »

Investor meeting to be…

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  • 27

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AERI

Aerie Pharmaceuticals

$51.45

-1.95 (-3.65%)

07:44
09/22/17
09/22
07:44
09/22/17
07:44
Recommendations
Aerie Pharmaceuticals analyst commentary  »

Aerie pullback on AdComm…

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CSCO

Cisco

$32.70

0.1 (0.31%)

07:44
09/22/17
09/22
07:44
09/22/17
07:44
Conference/Events
Cisco management to meet with Deutsche Bank »

Meeting to be held in…

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EFX

Equifax

$98.25

2.25 (2.34%)

07:41
09/22/17
09/22
07:41
09/22/17
07:41
Technical Analysis
Technical View: Equifax trades higher, analyst action »

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  • 22

    Oct

AA

Alcoa

$46.25

-1.25 (-2.63%)

07:41
09/22/17
09/22
07:41
09/22/17
07:41
Downgrade
Alcoa rating change  »

Alcoa downgraded to Hold,…

03/08/13
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03/08/13
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03/06/13
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KMX

CarMax

$68.84

0.17 (0.25%)

07:40
09/22/17
09/22
07:40
09/22/17
07:40
Earnings
CarMax reports Q2 EPS 98c, consensus 95c »

Reports Q2 revenue…

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  • 22

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SYK

Stryker

$140.67

-2.04 (-1.43%)

, ZBH

Zimmer Biomet

$113.06

-2.92 (-2.52%)

07:40
09/22/17
09/22
07:40
09/22/17
07:40
Recommendations
Stryker, Zimmer Biomet analyst commentary  »

Growth investors should…

SYK

Stryker

$140.67

-2.04 (-1.43%)

ZBH

Zimmer Biomet

$113.06

-2.92 (-2.52%)

03/08/13
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03/08/13
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03/06/13
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  • 26

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SAVE

Spirit Airlines

$34.01

1.31 (4.01%)

07:39
09/22/17
09/22
07:39
09/22/17
07:39
Conference/Events
Spirit Airlines to host investor meeting »

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  • 27

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IBM

IBM

$145.26

-0.62 (-0.43%)

, WBA

Walgreens Boots Alliance

$78.20

-0.64 (-0.81%)

07:39
09/22/17
09/22
07:39
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07:39
Hot Stocks
IBM announces new agreement with Walgreens to deploy IBM retail analytics »

IBM (IBM) announced a new…

IBM

IBM

$145.26

-0.62 (-0.43%)

WBA

Walgreens Boots Alliance

$78.20

-0.64 (-0.81%)

03/08/13
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03/08/13
Credit Suisse
03/06/13
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03/06/13
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07:38
09/22/17
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07:38
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07:38
Conference/Events
Federal Reserve Bank of Dallas President participates in a conference »

Dallas Federal Reserve…

07:37
09/22/17
09/22
07:37
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07:37
Conference/Events
Federal Reserve Bank of Kansas City President to speak at conference »

Kansas City Federal…

MYGN

Myriad Genetics

$33.61

0.1 (0.30%)

07:36
09/22/17
09/22
07:36
09/22/17
07:36
Recommendations
Myriad Genetics analyst commentary  »

Myriad Genetics price…

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  • 26

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VSAR

Versartis

$21.60

-0.25 (-1.14%)

07:35
09/22/17
09/22
07:35
09/22/17
07:35
Downgrade
Versartis rating change  »

Versartis downgraded to…

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AMD

AMD

$13.41

-0.33 (-2.40%)

, MSFT

Microsoft

$74.21

-0.73 (-0.97%)

07:35
09/22/17
09/22
07:35
09/22/17
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

AMD

AMD

$13.41

-0.33 (-2.40%)

MSFT

Microsoft

$74.21

-0.73 (-0.97%)

INTC

Intel

$37.20

0.13 (0.35%)

ABBV

AbbVie

KMI

Kinder Morgan

$19.32

-0.45 (-2.28%)

GLNG

Golar LNG

$21.34

0.19 (0.90%)

HAS

Hasbro

$94.84

-0.68 (-0.71%)

MIK

Michaels

$21.38

-0.04 (-0.19%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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VSAR

Versartis

$21.60

-0.25 (-1.14%)

07:34
09/22/17
09/22
07:34
09/22/17
07:34
Downgrade
Versartis rating change  »

Versartis downgraded to…

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AGRX

Agile Therapeutics

$3.77

0.04 (1.07%)

07:34
09/22/17
09/22
07:34
09/22/17
07:34
Initiation
Agile Therapeutics initiated  »

Agile Therapeutics…

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SECO

Seeco Holding

07:33
09/22/17
09/22
07:33
09/22/17
07:33
Syndicate
Seeco Holding 8.5M share IPO priced at $13.00 »

The deal range was…

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  • 22

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AAXN

Axon

$22.80

-0.11 (-0.48%)

07:32
09/22/17
09/22
07:32
09/22/17
07:32
Hot Stocks
Axon receives multiple orders for TASER X26P, TASER X2 smart weapons »

Axon announced the…

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MU

Micron

$35.91

-0.06 (-0.17%)

07:32
09/22/17
09/22
07:32
09/22/17
07:32
Recommendations
Micron analyst commentary  »

Micron's November…

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