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VZ

Verizon

$50.38

0.11 (0.22%)

, WBA

Walgreens Boots Alliance

$77.18

-0.9 (-1.15%)

20:25
10/19/16
10/19
20:25
10/19/16
20:25

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include Verizon (VZ), consensus 99c... Walgreens Boots Alliance (WBA), consensus 99c...American Airlines (AAL), consensus $1.57... Union Pacific (UNP), consensus $1.39... Danaher (DHR), consensus 82c... Bank of New York Mellon (BK), consensus 81c... Illinois Tool Works (ITW), consensus $1.49... Travelers Companies (TRV), consensus $2.31... PPG Industries (PPG), consensus $1.71... Fifth Third (FITB), consensus 40c... Nucor (NUE), consensus 96c... Textron (TXT), consensus 67c... Alaska Air (ALK), consensus $2.07... Snap-on (SNA), consensus $2.15... PulteGroup (PHM), consensus 44c... Gentex (GNTX), consensus 30c... Dunkin' Brands (DNKN), consensus 59c... IMAX (IMAX), consensus 12c.

VZ

Verizon

$50.38

0.11 (0.22%)

WBA

Walgreens Boots Alliance

$77.18

-0.9 (-1.15%)

AAL

American Airlines

$40.63

1.28 (3.25%)

UNP

Union Pacific

$97.12

0.4 (0.41%)

DHR

Danaher

$77.16

0.73 (0.96%)

BK

BNY Mellon

$40.43

0.4 (1.00%)

ITW

Illinois Tool Works

$115.72

0.64 (0.56%)

TRV

Travelers

$116.23

1.05 (0.91%)

PPG

PPG Industries

$92.56

-0.25 (-0.27%)

FITB

Fifth Third

$20.52

0.65 (3.27%)

NUE

Nucor

$48.03

0.88 (1.87%)

TXT

Textron

ALK

Alaska Air

$73.46

1.35 (1.87%)

SNA

Snap-On

$149.11

-0.45 (-0.30%)

PHM

PulteGroup

$19.88

0.07 (0.35%)

GNTX

Gentex

$17.44

0.17 (0.98%)

DNKN

Dunkin' Brands

$51.00

0.94 (1.88%)

IMAX

IMAX

$30.44

0.3 (1.00%)

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VZ Verizon
$50.38

0.11 (0.22%)

09/23/16
RHCO
09/23/16
NO CHANGE
RHCO
Yahoo hack is probably not a material adverse change, says SunTrust
After Yahoo (YHOO) reported that over 500M of its accounts had been hacked, SunTrust analyst Robert Peck thinks that the news is probably not a material adverse change, or MAC, that would jeopardize the company's acquisition by Verizon (VZ). He notes that the sales contract says that a MAC will not be triggered by "any failure by Yahoo to meet its internal or published projections, budgets, plans, or forecasts of its revenues, earnings, or other financial performance or results of operations." The analyst says that the hack "may be manageable," since a majority of the victims could be e-mail users who are sticky. He keeps a Neutral rating on Yahoo.
10/19/16
PIPR
10/19/16
NO CHANGE
PIPR
Overweight
Piper's Munster says Verizon likely 'posturing' with talk about Yahoo deal
Piper Jaffray analyst Gene Munster called Yahoo's (YHOO) Q3 earnings report a "non-event," saying that the biggest question for the company right now remains the impact of its data breach on its agreement with Verizon (VZ). Media reports suggesting Verizon could use the breach to break the deal are likely "posturing" and a public negotiating tactic to try to get a lower price, said Munster, who adds that downside seems "somewhat limited" given the deal size. Munster, who noted that every $1B adjustment to the deal would represent about $1 to the stock, keeps an Overweight rating on Yahoo shares, citing the upside potential presented by its stake in Alibaba (BABA).
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.
10/19/16
SUSQ
10/19/16
NO CHANGE
Target $48
SUSQ
Positive
Yahoo price target raised to $48 from $44 at Susquehanna
Susquehanna analyst Shyam Patil raised his price target on Yahoo (YHOO) to $48 from $44 following Q3 results. The analyst said the company tried to provide traffic metrics to show that the recent security breach did not effect search numbers. In addition, the analyst feels the market is pricing in a larger valuation cut than what would possibly occur if Verizon (VZ) was able to make a case to lower its takeover price. Patil reiterated his Positive rating on Yahoo shares.
WBA Walgreens Boots Alliance
$77.18

-0.9 (-1.15%)

10/17/16
JEFF
10/17/16
UPGRADE
Target $95
JEFF
Buy
Walgreens Boots Alliance upgraded to Buy from Hold at Jefferies
Jefferies analyst Brian Tanquilut upgraded Walgreens Boots Alliance to Buy after assuming coverage of the name. The analyst believes the risk/reward for the Rite Aid (RAD) acquisition is skewed positively at current valuation levels. He also thinks Walgreens' fundamental positives are being underappreciated by investors. Tanquilut upped his price target for the shares to $95 from $87.
10/05/16
UBSW
10/05/16
INITIATION
Target $94
UBSW
Buy
Walgreens Boots Alliance initiated with a Buy at UBS
Target $94.
10/13/16
LEER
10/13/16
NO CHANGE
Target $105
LEER
Outperform
Tricare announcement not material to CVS Health, says Leerink
Leerink analyst David Larsen notes that Tricare recently announced that CVS Health (CVS) will be excluded from its network effective December 1 and Walgreens Boots Alliance (WBA) will be in-network. While there are over 127M scripts associated with Tricare each year, the analyst estimates that just about 30.6M of these prescriptions are "retail" and as a result Larsen does not believe that CVS' exclusion from the Tricare network will be material. He remains positive on CVS, and reiterates an Outperform rating and $105 price target on the company's shares.
10/17/16
COWN
10/17/16
NO CHANGE
Target $95
COWN
Outperform
Walgreens Boots Alliance guidance may be softer than expected, says Cowen
Cowen analyst Charles Ryhee still likes the long-term story for Walgreens Boots Alliance (WBA) but said, given the pressures due to currency and brand inflation, its 2017 guidance may be softer than expected. Ryhee likes the long-term outlook based on the company's recent deals, its Rite-Aid (RAD) acquisition, and cost reductions. Ryhee maintained his Outperform rating and lowered his price target to $95 from $102 on Walgreen's shares.
AAL American Airlines
$40.63

1.28 (3.25%)

09/21/16
RAJA
09/21/16
DOWNGRADE
RAJA
Market Perform
American Airlines downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Savanthi Syth downgraded American Airlines to Market Perform due to relative valuation and lowered estimates to reflect the new mechanics contract.
09/21/16
09/21/16
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. Wells Fargo (WFC) downgraded to Neutral from Overweight at JPMorgan with analyst Vivek Juneja saying the "tough" Senate hearings and "mounting public scrutiny" will likely result in additional investigations that could pressure expenses. 2. Skechers (SKX) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Jay Sole saying he believes consumers shift towards pure fashion styles and away from athletic footwear is causing Skechers to adjust assortment, resulting in slower sales growth. 3. American Airlines (AAL) downgraded to Market Perform from Outperform at Raymond James analyst Savanthi Syth citing relative valuation and lowered estimates to reflect the new mechanics contract. 4. Boston Beer (SAM) downgraded to Underperform from Market Perform at Cowen with analyst Vivien Azer citing its string of disappointing monthly Nielsen data and structural headwinds to the company's core assets, which present meaningful earnings risk. 5. Children's Place (PLCE) downgraded to Neutral from Overweight at Piper Jaffray with analyst Stephanie Wissink saying the firm's recent survey of moms pointed to a "step down" in mindshare. 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
BERN
10/11/16
INITIATION
BERN
Airlines initiated at Bernstein
Bernstein analyst David Vernon initiated coverage of the U.S. airline sector, saying that he is "bullish on the sector" and asserting that it has "favorable..dynamics." He expects the sector's stocks to have "higher average highs and higher average lows over time," driven partly by its investments in return enhancing programs, revenue enhancing initiatives, and "a stronger outlook for longer term capital return" which isn't reflected in valuation, according to the analyst. Vernon recommends owning airlines that have "less financial and operating leverage." He says that he is "favorably disposed" to Southwest (LUV) and Delta Air Lines (DAL), which he says have high returns and low leverage, and is less upbeat on United Continental (UAL), which he says has higher operating leverage and execution risk. He is bearish on American Airlines (AAL), as he thinks that its capacity growth and financial leverage create significant risk. The analyst started coverage of Southwest with an Outperform rating and a $51 price target. He initiated coverage of Delta and United Continental with Market Perform ratings and $43 and $55 price targets, respectively. He launched American with a $31 price target and Underperform rating.
10/10/16
BERN
10/10/16
INITIATION
Target $31
BERN
Underperform
American Airlines initiated with an Underperform at Bernstein
Bernstein analyst David Vernon initiated American Airlines with an Underperform and a $31 price target.
UNP Union Pacific
$97.12

0.4 (0.41%)

09/29/16
LOOP
09/29/16
NO CHANGE
Target $115
LOOP
Buy
Loop Capital wonders if Trump is trying to kill Kansas City Southern
Following Monday's presidential debate, Loop Capital analyst Rick Paterson is rethinking his reluctance to believing a potential Donald Trump presidency is a threat to Kansas City Southern's business. Trump opened the debate by attacking Kansas City Southern customer Ford Motor's (F) transplanting of auto assembly plants from the U.S. to Mexico, Paterson tells investors in a research note. KSU was the best performing rail stock and the Mexican peso was 2.5% stronger the day after Hillary Clinton's debate victory, the analyst points out. He views Mexico as a "key growth engine" for both KSU and Union Pacific (UNP). Paterson cites a CNN poll for Clinton's debate victory. The analyst has a Buy rating on KSU with a $115 price target.
10/11/16
VERT
10/11/16
INITIATION
VERT
Hold
Union Pacific initiated with a Hold at Vertical Research
10/14/16
SBSH
10/14/16
NO CHANGE
Target $110
SBSH
Buy
Union Pacific added to Focus List at Citi
Citi analyst Christian Wetherbee added Union Pacific to his firm's Focus List saying he sees "several catalysts" to drive outperformance over the next several months. Weekly volume is improving as comps ease and consensus estimates for 2017 look too low, Wetherbee tells investors in a research note. He points out that Union has leverage to areas he likes in 2017, namely grain, coal and frac sand. The analyst upped his price target for the shares to $110 from $106 and keeps a Buy rating on the name.
10/19/16
JPMS
10/19/16
NO CHANGE
Target $111
JPMS
Overweight
Kansas City Southern valuation now in-line with Union Pacific, says JPMorgan
JPMorgan analyst Brian Ossenbeck says Kansas City Southern's (KSU) "noisy" Q3 results and "negative" production headlines have brought the stock's valuation at parity with Union Pacific (UNP) for the first time since the financial crisis. Kansas City's relative valuation is attractive, Ossenbeck tells investors in a research note where he upped his price target for the shares to $111 from $110. He keeps an Overweight rating on the shares.
DHR Danaher
$77.16

0.73 (0.96%)

08/02/16
08/02/16
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. Salesforce (CRM) initiated with an Overweight at Stephens. 2. Home Depot (HD) and Lowe's (LOW) coverage resumed with a Buy at Stifel. 3. Wix.com (WIX) initiated with an Overweight at Stephens. 4. Barrick Gold (ABX) initiated with a Buy at Citi. 5. Danaher (DHR) initiated with a Market Perform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/16
PIPR
09/06/16
DOWNGRADE
Target $53
PIPR
Neutral
Cepheid downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst William Quirk downgraded Cepheid (CPHD) to Neutral saying the takeover by Danaher (DHR) carries little antitrust risk. The analyst thinks a third-party bidder is unlikely.
10/12/16
EVER
10/12/16
NO CHANGE
Target $89
EVER
Buy
Danaher acquisition of Phenomenex highly attractive, says Evercore ISI
Evercore ISI analyst Ross Muken is not surprised by Danaher's (DHR) acquisition of Phenomenex saying it is one of the "great consumable assets that remained in Life Science Tools." Muken said the deal terms are "remarkably attractive" and estimates Danaher paid more than $700M for Phenomenex He said revenues are close to $200M, implying an EV/EBITDA multiple in the low to mid-teens, and ROIC north of 10% by year 5, and imply year 1 accretion of 3-5c, and 10-15c by year 5. Muken rates Danaher a Buy with an $89 price target on shares.
09/07/16
BERN
09/07/16
NO CHANGE
BERN
Danaher acquisition should be positive over the mid to long-term, says Bernstein
After Danaher (DHR) agreed to buy Cepheid (CPHD), Bernstein analyst Steven Winoker says that the deal was expensive. However, the analyst says that Cepheid has high recurring revenue, fast growth, and strong synergies with Danaher. Winoker thinks that the deal leaves Danaher well-positioned for growth over the medium to longer term. He keeps a $92 price target and Outperform rating on the stock.
BK BNY Mellon
$40.43

0.4 (1.00%)

04/22/16
ARGS
04/22/16
DOWNGRADE
ARGS
Hold
BNY Mellon downgraded to Hold from Buy at Argus
Argus analyst Stephen Biggar downgraded BNY Mellon to Hold citing the strong run-up in shares.
01/11/16
01/11/16
UPGRADE

On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AU Optronics (AUO) upgraded to Neutral from Underweight at JPMorgan... Air Products (APD) upgraded to Overweight from Sector Weight at KeyBanc... Amedisys (AMED) upgraded to Market Perform from Underperform at Raymond James... Ameriprise (AMP) upgraded to Outperform from Neutral at Credit Suisse... Analog Devices (ADI) upgraded to Outperform from Market Perform at Wells Fargo... Apple (AAPL) upgraded to Buy from Neutral at Mizuho... BAE Systems (BAESY) upgraded to Overweight from Neutral at JPMorgan... BNP Paribas (BNPQY) upgraded to Buy from Hold at Deutsche Bank... BNY Mellon (BK) upgraded to Conviction Buy from Neutral at Goldman... Banco Santander (SAN) upgraded to Outperform from Underperform at Exane BNP Paribas... Beiersdorf (BDRFF) upgraded to Neutral from Sell at Goldman... CEVA (CEVA) upgraded to Buy from Neutral at Ladenburg... Celanese (CE) upgraded to Buy from Neutral at SunTrust... Children's Place (PLCE) upgraded to Overweight at Morgan Stanley... Citizens Financial (CFG) upgraded to Buy from Neutral at Goldman... Clayton Williams (CWEI) upgraded to Market Perform from Underperform at Cowen... Concho Resources (CXO) upgraded to Outperform from Market Perform at Cowen... Crane (CR) upgraded to Buy from Hold at Vertical Research... Credit Agricole (CRARY) upgraded to Buy from Hold at Deutsche Bank... Denbury Resources (DNR) upgraded to Market Perform from Underperform at Cowen... Devon Energy (DVN) upgraded to Overweight from Equal Weight at Barclays... Discover (DFS) upgraded to Buy from Hold at Evercore ISI... Energen (EGN) upgraded to Outperform from Market Perform at Cowen... FS Investment (FSIC) upgraded to Buy from Hold at Cantor... First Horizon (FHN) upgraded to Buy from Hold at Evercore ISI... General Dynamics (GD) upgraded to Outperform from Market Perform at Cowen... General Motors (GM) upgraded to Outperform from Neutral at Credit Suisse... Genesco (GCO) upgraded to Overweight at Morgan Stanley... Hanesbrands (HBI) upgraded to Buy from Neutral at Nomura... Imperva (IMPV) upgraded to Buy from Neutral at Guggenheim... International Paper (IP) upgraded to Outperform from Sector Perform at RBC Capital... KeyCorp (KEY) upgraded to Buy from Neutral at Goldman... LVMH (LVMUY) upgraded to Neutral from Underperform at Credit Suisse... Laredo Petroleum (LPI) upgraded to Outperform from Market Perform at Cowen... Marathon Oil (MRO) upgraded to Overweight from Equal Weight at Barclays... Medifast (MED) upgraded to Buy from Neutral at Sidoti... Melco Crown (MPEL) upgraded to Overweight from Equal Weight at Morgan Stanley... Mellanox (MLNX) upgraded to Outperform on leverage to data growth at Credit Suisse... NASDAQ (NDAQ) upgraded to Neutral from Sell at Goldman... Newfield Exploration (NFX) upgraded to Outperform from Market Perform at Wells Fargo... OMA Airports (OMAB) upgraded to Neutral from Sell at Goldman... ONEOK (OKE) upgraded to Buy from Hold at Argus... Owens Corning (OC) upgraded on favorable risk/reward at RBC Capital... Patterson-UTI (PTEN) upgraded to Outperform from Market Perform at Wells Fargo... Pinnacle Foods (PF) upgraded to Outperform from Market Perform at BMO Capital... Pioneer Natural (PXD) upgraded to Equal Weight from Underweight at Barclays... RPC, Inc. (RES) upgraded to Outperform from Market Perform at Wells Fargo... RSP Permian (RSPP) upgraded to Outperform from Market Perform at Cowen... Rayonier Advanced Materials (RYAM) upgraded to Sector Perform from Underperform at RBC Capital... Regal-Beloit (RBC) upgraded to Overweight from Equal Weight at Morgan Stanley... Sanderson Farms (SAFM) upgraded to Overweight from Neutral at JPMorgan... Santander Mexico (BSMX) upgraded to Neutral from Underperform at BofA/Merrill... Southwest (LUV) upgraded to Equal Weight from Underweight at Morgan Stanley... Spectra Energy Partners (SEP) upgraded to Overweight from Equal Weight at Barclays... Superior Energy (SPN) upgraded to Outperform from Market Perform at Wells Fargo... Syntel (SYNT) upgraded to Neutral from Underweight at JPMorgan... U.S. Silica (SLCA) upgraded to Outperform from Market Perform at Wells Fargo... United Bankshares (UBSI) upgraded to Neutral at Boenning & Scattergood... Virtu Financial (VIRT) upgraded to Buy from Neutral at Goldman... Weatherford (WFT) upgraded to Outperform from Market Perform at Wells Fargo... Wells Fargo (WFC) upgraded to Buy from Neutral at Goldman... Whiting Petroleum (WLL) upgraded to Outperform from Market Perform at Wells Fargo... Wyndham (WYN) upgraded to Hold from Sell at Deutsche Bank.
01/11/16
GSCO
01/11/16
UPGRADE
GSCO
Conviction Buy
BNY Mellon upgraded to Conviction Buy from Neutral at Goldman
Goldman analyst Alexander Blostein upgraded BNY to Conviction Buy from Neutral and maintained his $48 price target on shares. Blostein expects BKY Mellon to have better than expected earnings growth driven by leverage to higher rates, cost discipline, and less beta exposure.
01/07/16
01/07/16
UPGRADE

On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADTRAN (ADTN) upgraded to Buy from Neutral at MKM Partners... Agilent (A) upgraded to Outperform, named a top pick at Cowen... Allscripts (MDRX) upgraded to Outperform from Sector Perform at RBC Capital... AmeriGas (APU) upgraded to Buy from Neutral at Janney Capital... American Airlines (AAL) upgraded to Outperform from Neutral at Credit Suisse... BNY Mellon (BK) upgraded to Overweight from Neutral at JPMorgan... Booz Allen (BAH) upgraded to Outperform from Market Perform at Wells Fargo... C.H. Robinson (CHRW) upgraded to Neutral from Sell at UBS... CACI (CACI) upgraded to Outperform from Market Perform at Wells Fargo... Calavo Growers (CVGW) upgraded to Buy from Neutral at DA Davidson... Cerner (CERN) upgraded to Top Pick from Outperform at RBC Capital... Charles River (CRL) upgraded to Outperform from Market Perform at Wells Fargo... Comerica (CMA) upgraded to Outperform from Neutral at Baird... Cousins Properties (CUZ) upgraded to Outperform from Neutral at Baird... Deutsche Bank (DB) upgraded to Overweight from Equal Weight at Barclays... Discover (DFS) upgraded to Buy from Hold at Deutsche Bank... EXFO Inc. (EXFO) upgraded to Sector Performer from Underperformer at CIBC... EverBank (EVER) upgraded to Strong Buy from Outperform at Raymond James... First Cash Financial (FCFS) upgraded to Buy from Neutral at Sterne Agee CRT... Hooker Furniture (HOFT) upgraded to Buy from Hold at BB&T... Host Hotels (HST) upgraded to Outperform from Neutral at Baird... Kilroy Realty (KRC) upgraded to Outperform from Neutral at Baird... McCormick (MKC) upgraded to Buy from Hold at Deutsche Bank... Noble Energy (NBL) upgraded to Buy from Hold at Deutsche Bank... Nordson (NDSN) upgraded to Buy from Hold at Wunderlich... Ocean Shore Holding (OSHC) upgraded to Buy from Hold at Sandler O'Neill... Olin Corp. (OLN) upgraded to Buy from Neutral at Nomura... Pioneer Natural (PXD) upgraded to Buy from Hold at Deutsche Bank... Public Storage (PSA) upgraded to Outperform from Neutral at Baird... RLI Corp. (RLI) upgraded to Market Perform from Underperform at Keefe Bruyette... Regency Centers (REG) upgraded to Outperform from Neutral at Baird... SAIC (SAIC) upgraded to Outperform from Market Perform at Wells Fargo... SL Green Realty (SLG) upgraded to Outperform from Neutral at Baird... Sierra Bancorp (BSRR) upgraded to Outperform from Market Perform at Raymond James... Southwest (LUV) upgraded to Equal Weight from Underweight at Morgan Stanley... State Street (STT) upgraded to Neutral from Underweight at JPMorgan... Sunstone Hotel (SHO) upgraded to Outperform from Neutral at Baird... VWR (VWR) upgraded to Market Perform from Underperform at Cowen... Wells Fargo (WFC) upgraded to Buy from Neutral at Citi.
ITW Illinois Tool Works
$115.72

0.64 (0.56%)

06/23/16
BARD
06/23/16
DOWNGRADE
BARD
Neutral
Illinois Tool Works downgraded to Neutral from Outperform at Baird
07/21/16
WELS
07/21/16
NO CHANGE
WELS
Illinois Tool Works price target raised to $127-$130 from $115-$118 at Wells Fargo
Wells Fargo increased its price target on Illinois Tool Works after the company reported Q2 results that the firm calls "strong." Wells says that the company's business model is enabling it to perform better than its peers. Wells raised its estimates for the company and keeps an Outperform rating on the stock.
07/21/16
ARGS
07/21/16
NO CHANGE
ARGS
Illinois Tool Works price target raised to $133 from $120 at Argus
After Illinois Tool reported stronger than expected Q2 results, Argus believes that the company's sales are on track to grow by low single digit percentage levels over the long-term. The firm thinks that the company's EPS could grow by low double digit percentage levels, as it believes that the bottom line could be boosted by a rebound in U.S. and global economic growth. Argus keeps a Buy rating on the stock.
07/21/16
WELS
07/21/16
NO CHANGE
WELS
Illinois Tool Works price target raised to $127-$130 from $115-$118 at Wells Fargo
Wells Fargo increased its price target on Illinois Tool Works after the company reported Q2 results that the firm calls "strong." Wells says that the company's business model is enabling it to perform better than its peers. Wells raised its estimates for the company and keeps an Outperform rating on the stock.
TRV Travelers
$116.23

1.05 (0.91%)

06/28/16
06/28/16
UPGRADE
Target $127

Buy
Travelers upgraded to Buy on US exposure at BofA/Merrill
As previously reported, BofA/Merrill upgraded Travelers to Buy from Neutral and raised its price target $127 from $123. Analyst Jay Cohen said Travelers is very well positioned given its US operations and a very small percent of revenues from the UK and Europe. Additionally, the analyst said slower US growth should have a limited impact on earnings as a bulk of its products are not discretionary and slower growth can result in reduced claims frequency.
06/28/16
BOFA
06/28/16
UPGRADE
BOFA
Buy
Travelers upgraded to Buy from Neutral at BofA/Merrill
05/24/16
MKMP
05/24/16
NO CHANGE
MKMP
MKM Partners believes a Travelers should buy Progressive
MKM Partners analyst Harry Fong believes Travelers (TRV) should buy Progressive (PGR). The analyst believes a Travelers and Progressive combination has the potential of being the leading writer of small commercial insurance and the third largest writer of personal auto insurance in the United States moving ahead of Allstate (ALL).
04/27/16
ARGS
04/27/16
DOWNGRADE
ARGS
Hold
Travelers downgraded to Hold from Buy at Argus
Argus analyst Jacob Kilstein downgraded Travelers to Hold citing pricing pressures in its largest segments of Business and International Insurance, low returns in its bond portfolio, and valuation.
PPG PPG Industries
$92.56

-0.25 (-0.27%)

10/10/16
DBAB
10/10/16
DOWNGRADE
DBAB
Hold
PPG Industries downgraded to Hold from Buy at Deutsche Bank
07/26/16
GHSC
07/26/16
UPGRADE
Target $130
GHSC
Buy
PPG Industries upgraded to Buy from Accumulate at Seaport Global
Seaport Global analyst Michael Harrison upgraded PPG to Buy from Accumulate and raised its price target to $130 from $125. The analyst increased the outlook for the coatings business and adjusted the model to reflect the divestiture of most the Glass segment and said PPG is a high-quality core holding that should be able to leverage organic and inorganic growth opportunities, maintain focus on cost discipline, and return cash to shareholders.
10/07/16
WELS
10/07/16
NO CHANGE
WELS
PPG Industries removed from Priority List at Wells Fargo
10/11/16
DBAB
10/11/16
DOWNGRADE
Target $100
DBAB
Hold
PPG Industries downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst David Begleiter downgraded PPG Industries to Hold saying the company's "modest" earnings growth in 2016 will continue into 2017. The analyst, however, views the stock as "slightly oversold" following Friday's Q3 preannounced shortfall. Begleiter cut his price target for the shares to $100 from $122.
FITB Fifth Third
$20.52

0.65 (3.27%)

10/07/16
10/07/16
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. Tyson Foods (TSN) downgraded to Sell from Hold at Pivotal Research with analyst Timothy Ramey citing the broiler price-fixing alleged in the class action complaint filed on September 2. 2. SolarEdge (SEDG) was downgraded to Sell from Neutral at Goldman while the firm also downgraded First Solar (FSLR) to Neutral from Buy. 3. CIT Group (CIT) downgraded to Hold from Buy at Stifel with analyst Christopher Brendler saying investors should sell into the rally that will result from the "impressive" price that the company received for its aircraft business and the approval of its capital plan by the Fed. 4. Fifth Third (FITB) downgraded to Hold from Buy at Jefferies with analyst Ken Usdin saying the shares are reasonably valued following the recent rally. 5. Blackhawk (HAWK) downgraded to Neutral from Buy at BofA/Merrill with analyst David Chu saying the firm's channel checks indicate that conversions to EMV, the new standard for chip-based debit/credit card transactions, are taking longer than expected, which he believes could impact Blackhawk's 2016 guidance and expectations for 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/16
NOMU
10/10/16
DOWNGRADE
Target $16
NOMU
Reduce
Fifth Third downgraded to Reduce from Neutral at Nomura
Nomura analyst Bill Carcache downgraded Fifth Third to Reduce and maintained its $16 price target. The analyst expects shares to underperform due to a combination of disappointing loan growth, securities reinvestment headwinds, and negative earnings revisions.
10/10/16
10/10/16
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. Honeywell (HON) downgraded to Buy from Conviction Buy at Goldman with analyst Christopher Glynn lowering his Q3 Earnings Per Share expectations for Honeywell after the company cut its earnings and revenue outlook and trimmed his price target to $122 from $128. 2. United Technologies (UTX) downgraded to Neutral from Buy at Citi with analyst Jason Gursky saying he sees three issues limiting share upside over the next twelve-plus months. 3. PNC Financial (PNC) was downgraded to Neutral from Buy at Nomura while the firm downgraded Fifth Third (FITB) to Reduce from Neutral. 4. Myriad Genetics (MYGN) downgraded to Sell from Neutral at Ladenburg with analyst Kevin DeGeeter citing a "significant and unexpected deterioration" in outlook for the company's companion diagnostic franchise. 5. HSN, Inc. (HSNI) downgraded to Hold from Buy at Craig-Hallum with analyst Alex Fuhrman saying his channel checks indicate continued weakness in the third quarter, with particular weakness in jewelry and consumer electronics. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/07/16
10/07/16
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. Zillow (ZG, Z) initiated with a Buy at Needham. 2. AMD (AMD) initiated with an Equal Weight at Barclays. 3. Aflac (AFL) was initiated with an Underperform at Credit Suisse while the firm also initiated Prudential (PRU) and Assurant (AIZ) with a Neutral. 4. Fifth Third (FITB) initiated with a Neutral at Wedbush. 5. GW Pharmaceuticals (GWPH) initiated with a Buy at Goldman. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
NUE Nucor
$48.03

0.88 (1.87%)

08/22/16
SBSH
08/22/16
INITIATION
Target $55
SBSH
Neutral
Nucor initiated with a Neutral at Citi
Citi analyst Alexander Hacking initiated Nucor with a Neutral and $55 price target.
08/22/16
08/22/16
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. AK Steel (AKS) initiated with a Neutral at Citi and a Buy at Rosenblatt. 2. U.S. Steel (X) and Steel Dynamics (STLD) were initiated with a Buy at Citi while the firm initiated Nucor (NUE) and Commercial Metals (CMC) with a Neutral. 3. Pinnacle Entertainment (PNK) initiated with a Buy at BofA/Merrill. 4. Ferrellgas Partners LP (FGP) initiated with a Neutral at Piper Jaffray. 5. Kadmon (KDMN) initiated with an Outperform at JMP Securities, with a Neutral at Citi, and with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/15/16
BOFA
09/15/16
NO CHANGE
BOFA
BofA/Merrill cautious on US steel prices correcting into 2H 2016
BofA/Merrill analyst Timma Tanners is cautious on U.S. steel prices correcting into 2H 2016 and expects foreign tons to target the U.S. to shrink the U.S. premium. The analyst lowered Q4 HRC spot price to $520/st from $570/st and trimmed 2H 2016 volume assumptions due to inventory destocking and shorter lead times. As a result, Tanners lowered price target on U.S. Steel (X) to $16 from $21 , Reliance Steel (RS) to $78 from $84, Nucor (NUE) to $50 from $55, Steel Dynamics (STLD) to $27 from $28, and Commercial Metals (CMC) to $15 from $16.
07/22/16
BREN
07/22/16
DOWNGRADE
BREN
Hold
Nucor downgraded to Hold from Buy at Berenberg
TXT Textron

06/23/16
06/23/16
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. Amazon.com (AMZN), eBay (EBAY), and Groupon (GRPN) initiated with a Buy at Maxim. 2. Boeing (BA) initiated with an Overweight at Morgan Stanley. 3. Wal-Mart (WMT) coverage assumed with a Buy at Nomura. 4. Textron (TXT) initiated with an Underweight at Morgan Stanley. 5. ANI Pharmaceuticals (ANIP) initiated with a Strong Buy at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/28/16
01/28/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Azure Midstream Partners (AZUR) downgraded at Stifel... Chesapeake (CHK) downgraded to Hold from Buy at Wunderlich... CorEnergy (CORR) downgraded at Stifel... DCP Midstream (DPM) downgraded to Hold from Buy at Stifel... DynCorp (DCP) downgraded at Stifel... Ericsson (ERIC) downgraded on challenging outlook at BMO Capital... H&E Equipment (HEES) downgraded to Neutral from Buy at UBS... Halcon Resources (HK) downgraded to Hold from Buy at Wunderlich... InvenSense (INVN) downgraded to Market Perform from Outperform at Barrington... Invitae (NVTA) downgraded to Market Perform from Outperform at Leerink... Kirby (KEX) downgraded to Sector Perform from Outperform at RBC Capital... MEG Energy (MEGEF) downgraded to Equal Weight from Overweight at Barclays... Metro (MTTRY) downgraded to Underweight from Neutral at JPMorgan... OSI Systems (OSIS) downgraded to Hold following Q2 miss at BB&T... Oasis Petroleum (OAS) downgraded to Hold from Buy at Wunderlich... Pan American Silver (PAAS) downgraded to Market Perform from Outperform at FBR Capital... Qualcomm (QCOM) downgraded to Market Perform from Outperform at William Blair... Range Resources (RRC) downgraded to Equal Weight from Overweight at Barclays... Rockwell Automation (ROK) downgraded to Underperform from Market Perform at Bernstein... Royal Gold (RGLD) downgraded to Market Perform from Outperform at FBR Capital... SEI Investments (SEIC) downgraded to Underperform at Keefe Bruyette... SandRidge Energy (SD) downgraded to Sell from Hold at Wunderlich... Seadrill (SDRL) downgraded to Equal Weight from Overweight at Morgan Stanley... ServiceNow (NOW) downgraded to Neutral from Buy at MKM Partners... State Bank Financial (STBZ) downgraded to Hold from Buy at Sandler O'Neill... Sunoco Logistics (SXL) downgraded at Stifel... Tallgrass Energy GP (TEGP) downgraded to Hold from Buy at Stifel... Tallgrass Energy (TEP) downgraded to Hold from Buy at Stifel... Textron (TXT) downgraded to Hold from Buy at Drexel Hamilton... TripAdvisor (TRIP) downgraded to Underperform from Market Perform at Raymond James... Tupperware Brands (TUP) downgraded to Neutral from Overweight at Piper Jaffray... U.S. Steel (X) downgraded to Hold from Buy at Argus... United Rentals (URI) downgraded to Neutral from Buy at UBS... Welltower (HCN) downgraded to Hold from Buy at Evercore ISI... Western Gas Partners (WES) downgraded to Hold from Buy at Stifel... Whiting Petroleum (WLL) downgraded to Hold from Buy at Wunderlich.
10/06/16
BARD
10/06/16
INITIATION
Target $48
BARD
Outperform
Textron initiated with an Outperform at Baird
Baird analyst Peter.Arment initiated Textron with an Outperform and a $48 price target.
06/23/16
MSCO
06/23/16
INITIATION
Target $39
MSCO
Underweight
Textron initiated with an Underweight at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani initiated Textron with an Underweight and $39 price target. The analyst is cautious given the challenging bizjet and helicopter markets and sees limited margin expansion potential.
ALK Alaska Air
$73.46

1.35 (1.87%)

10/11/16
JPMS
10/11/16
UPGRADE
JPMS
Neutral
Virgin America upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Jamie Baker upgraded Virgin America (VA) to Neutral saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." The analyst has a $52.50 price target for Virgin shares.
10/13/16
BUCK
10/13/16
UPGRADE
BUCK
Buy
Alaska Air upgraded to Buy from Neutral at Buckingham
Buckingham upgraded Alaska Air to Buy and raised its price target to $84 from $65. The firm's analyst expects the Virgin America (VA) merger to go through and revised estimates for the combined company well above consensus, and sees earnings potentially approaching $8.00-$8.50 beyond 2017 as Alaska adopts Virgin's best practices on ancillary revenue.
08/11/16
MSCO
08/11/16
NO CHANGE
Target $85
MSCO
Overweight
Alaska Air a top pick going into year-end at Morgan Stanley
Morgan Stanley analyst Rajee Lalwani said Alaska Air offers substantial upside into year end with favorable near-term pricing, more manageable supply into 2017, and material accretion from the Virgin acquisition into 2017. The analyst said Alaska is deserving of a much higher multiple and is a top pick into year end. Lalwani rates Alaska Air an Overweight with an $85 price target on shares.
09/23/16
IMPC
09/23/16
INITIATION
Target $47
IMPC
In-Line
Alaska Air initiated with an In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin started Alaska Air Group with an In-Line rating and $47 price target. The stock "may tread water" during the merger integration process, Derchin tells investors in a research note.
SNA Snap-On
$149.11

-0.45 (-0.30%)

01/19/16
LBOW
01/19/16
NO CHANGE
LBOW
Snap-On added to Best Ideas List; Whirlpool removed at Longbow
Longbow analyst David MacGregor added Snap-On (SNA) to the Best Ideas List given the recent market correction and high quality compound earnings across a diverse collection of geographic regions. MacGregor removed Whirlpool from the Best Ideas List and maintains his Buy rating.
06/27/16
KING
06/27/16
INITIATION
Target $174
KING
Buy
Snap-On initiated with a Buy at CL King
CL King analyst Scott Stembler initiated Snap-On with a Buy and $174 price target.
09/06/16
BARD
09/06/16
NO CHANGE
Target $182
BARD
Outperform
Baird would be aggressive buyer of Snap-on shares
Baird analyst David Leiker recommends investors be aggressive buyers of Snap-on shares as he looks for a trough in revenues growth before re-accelerating through 2017. The analyst believes the errant short thesis has kept the stock at the low end of its 18-month range and it now trades at a meaningful discount to the machinery industry despite faster revenue and earnings growth, positive relative estimate revisions and higher ROA. Leiker reiterated his Outperform rating and $182 price target on Snap-on shares.
02/29/16
BARD
02/29/16
NO CHANGE
Target $177
BARD
Outperform
Snap-On weakness a buying opportunity, says Baird
Baird said the recent weakness in Snap-On is a buying opportunity and has elevated it to a top idea after the firm's recent meetings with management. The firm cited it current valuation, its Military and energy sector as a driver of organic growth, and margin leverage. Baird reiterated its Outperform rating and lowered its price target to $177 from $179 on Snap-On shares.
PHM PulteGroup
$19.88

0.07 (0.35%)

09/29/16
WELS
09/29/16
INITIATION
WELS
Market Perform
PulteGroup initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Stephen East started PulteGroup with a Market Perform rating and $18-$22 price target range.
09/28/16
WELS
09/28/16
INITIATION
WELS
Market Perform
PulteGroup initiated with a Market Perform at Wells Fargo
09/19/16
WEDB
09/19/16
INITIATION
Target $16
WEDB
Underperform
PulteGroup initiated with an Underperform at Wedbush
Wedbush analyst Jay McCanless initiated PulteGroup with an Underperform and a $16 price target.
07/25/16
DBAB
07/25/16
UPGRADE
Target $27
DBAB
Buy
PulteGroup upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Nishu Sood upgraded PulteGroup to Buy saying new management is likely to drive faster growth and quicker monetization of assets. The analyst sees an improvement in returns driving expanded price-book multiple. He raised his price target for PulteGroup shares to $27 from $20.
GNTX Gentex
$17.44

0.17 (0.98%)

01/27/16
BARD
01/27/16
DOWNGRADE
Target $14
BARD
Neutral
Gentex downgraded to Neutral from Outperform at Baird
Baird analyst David Leiker downgraded Gentex to Neutral and lowered his price target to $14 from $22. The analyst believes shares are likely "dead money" through the balance of the auto cycle and sees limited upside to EBIT margin over the next few years and views margins as "maxed out."
01/19/16
KEYB
01/19/16
NO CHANGE
KEYB
Auto suppliers stocks undervalued, says KeyBanc
After attending the Detroit Auto Show, KeyBanc believes that auto supplier stocks are "discounting overly bearish scenarios." The firm recommends that investors use weakness in the group "opportunistically." The firm says that Gentex (GNTX) and Magna (MGA) have the most attractive valuations in the group, while Delphi (DLPH) and Lear (LEA) have the best chance to beat guidance. It keeps Overweight ratings on all four stocks.
01/27/16
01/27/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BG Group (BRGYY) downgraded to Neutral from Outperform at Credit Suisse... Bed Bath & Beyond (BBBY) downgraded to Sell from Neutral at Citi... Bill Barrett (BBG) downgraded to Neutral from Buy at Ladenburg... Brown & Brown (BRO) downgraded to Underweight at Morgan Stanley... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at BTIG... Canadian National (CNI) downgraded to Market Perform from Outperform at Raymond James... DreamWorks (DWA) downgraded to Sell from Hold at Topeka... FirstMerit (FMER) downgraded at RBC Capital... Gentex (GNTX) downgraded to Neutral from Outperform at Baird... Haverty Furniture (HVT) downgraded to Sector Weight from Overweight at KeyBanc... Hercules Technology (HTGC) downgraded to Neutral from Buy at Compass Point... Horizon Technology (HRZN) downgraded to Market Perform from Outperform at Raymond James... Installed Building downgraded to Sector Weight from Overweight at KeyBanc... Jarden (JAH) downgraded to Neutral from Buy at Citi... K+S (KPLUF) downgraded to Sell from Hold at Berenberg... La-Z-Boy (LZB) downgraded at BB&T... Legacy Reserves (LGCY) downgraded to Market Perform from Outperform at FBR Capital... Medivation (MDVN) downgraded to Hold from Buy at Canaccord... Merck (MRK) downgraded to Neutral from Buy at BofA/Merrill... Metaldyne Performance (MPG) downgraded to Neutral from Outperform at Baird... Pier 1 Imports (PIR) downgraded to Sector Weight from Overweight at KeyBanc... Priceline (PCLN) downgraded to Neutral from Buy at Goldman... Profire Energy (PFIE) downgraded to Neutral from Buy at Chardan... Regeneron (REGN) downgraded to Hold at Canaccord... Starwood (HOT) downgraded to Underperform from Outperform at CLSA... Swiss Re (SSREY) downgraded to Equal Weight from Overweight at Morgan Stanley... TSYS (TSS) downgraded to Equal-Weight from Overweight at First Analysis... Talmer Bancorp (TLMR) downgraded to Sector Perform from Outperform at RBC Capital... TopBuild (BLD) downgraded to Sector Weight from Overweight at KeyBanc... TripAdvisor (TRIP) downgraded to Sell from Neutral at Goldman... VMware (VMW) downgraded to Hold from Buy at Summit Research... W.R. Grace (GRA) downgraded to Buy from Conviction Buy at Goldman... WEC Energy (WEC) downgraded to Neutral from Conviction Buy at Goldman... Welltower (HCN) downgraded to Underperform from Market Perform at BMO Capital... Yamana Gold (AUY) downgraded to Neutral from Overweight at JPMorgan.
04/27/16
WELS
04/27/16
NO CHANGE
WELS
Auto Suppliers sector downgraded to Underweight at Wells Fargo
Wells Fargo analyst Richard Kwas downgraded the Auto Suppliers sector to Underweight from Market Weight saying the recent rally in the stocks is likely to be short-lived. The analyst believes U.S. auto sales need to stay at a high level for the remainder of the year for production schedules to stay intact. As such, he thinks a production cut is more "when" than "if". Auto Supplier stocks are tougher to own until a North American production cut actually occurs, Kwas tells investors in a research note. The analyst coupled the sector rating change with a downgrade of Tenneco (TEN) to Market Perform from Outperform. He keeps Outperform ratings on BorgWarner (BWA), Delphi (DLPH), Gentex (GNTX), Harman (HAR), Mobileye (MBLY) and Tower International (TOWR).
DNKN Dunkin' Brands
$51.00

0.94 (1.88%)

07/28/16
07/28/16
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. Facebook (FB) downgraded to Neutral from Buy at Monness Crespi with analyst James Cakmak saying "the word 'beat' is an understatement when evaluating" the company's second quarter report. However, given the high bar, he sees diminishing upside to revenue prospects, noting he is unsure if any momentum in a mix shift to mobile is sufficient to offset pressures to impression growth and that ad pricing on a like-for-like basis has the potential to temper as well. 2. Dunkin' Brands downgraded to Underperform from Outperform at CLSA with analyst Jeremy Scott saying shares have had solid year-to-date performance and he sees limited catalysts to drive traffic comps and believes a slowdown in unit growth is likely. 3. U.S. Steel (X) downgraded to Underperform from Neutral at BofA/Merrill with analyst Timma Tanners citing the stock's strong move and expectations for steel prices to fall through year end. 4. Activision Blizzard (ATVI) downgraded to Neutral from Buy at MKM Partners with analyst Eric Handler citing valuation, as he believes that investors are "already pricing in" Q2 beat and raise results and may be anticipating that the company will launch mobile ads for King earlier than his 2H17/2018 target date. 5. Infinera (INFN) downgraded to Neutral from Buy at B. Riley, to Neutral from Buy at Nomura, to Neutral from Overweight at JPMorgan, to Market Perform from Outperform at Raymond James, to Market Perform from Outperform at Northland, and to Hold from Buy at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/16
RBCM
10/17/16
DOWNGRADE
RBCM
Sector Perform
Dunkin' Brands downgraded on valuation at RBC Capital
As noted earlier, RBC Capital downgraded Dunkin' Brands to Sector Perform from Outperform. Analyst David Palmer downgraded the stock based on valuation. Target to $54 from $51.
09/20/16
FBCO
09/20/16
NO CHANGE
Target $52
FBCO
Outperform
Dunkin' Brands estimates raised following checks at Credit Suisse
Credit Suisse analyst Jason West raised Dunkin' Brands estimates following US franchisees checks that suggest the US business has gained some momentum over the past 2-3 months, led by more impactful new products and the rollout of Cold Brew coffee. Contacts continue to point to intense competition, especially from convenience stores but the feedback was sales trends have improved, the analyst wrote. West raised Q3 US same-store-sales estimates to +2% from +1.2%, Q4 to +2.5% from +1.3%, and 2016 earnings to $2.23 from $2.24, and 2017 earnings to $2.44 from $2.42. The analyst rates Dunkin' Brands an Outperform and raised his price target to $52 from $51.
10/17/16
RBCM
10/17/16
DOWNGRADE
RBCM
Sector Perform
Dunkin' Brands downgraded to Sector Perform from Outperform at RBC Capital
IMAX IMAX
$30.44

0.3 (1.00%)

07/20/16
07/20/16
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. Charter (CHTR) initiated with a Buy at Argus. 2. Panera Bread (PNRA) initiated with an Outperform at RBC Capital. 3. IMAX (IMAX) reinitiated with a Buy at Roth Capital. 4. Harman (HAR) initiated with a Buy at Deutsche Bank. 5. MyoKardia (MYOK) initiated with an Outperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/21/16
RILY
09/21/16
DOWNGRADE
Target $42.5
RILY
Neutral
DTS, Inc. downgraded to Neutral from Buy at B. Riley
B. Riley analyst Eric Wold downgraded DTS, Inc. (DTSI) to Neutral citing the takeover by Tessera (TSRA). Following recent deals, the analyst views IMAX (IMAX) as a potential target.
09/06/16
ADAM
09/06/16
NO CHANGE
Target $39
ADAM
Buy
IMAX downward revisions could provide a buying opportunity, says Canaccord
Canaccord analyst Aravinda Galappatthige said IMAX's Q3 box office is trending below expectations and lowered its Q3 revenue estimate to $76.6M from $88.7M and earnings to 2c compared to 10c consensus. The analyst views the weak Q3 as an opportunity to buy shares at attractive levels as downward revisions occur and said deals signed in 2016 thus far have secured the longevity of IMAX's growth story for several years. Galappatthige rates IMAX a Buy with a $39 price target on shares.
07/20/16
ROTH
07/20/16
INITIATION
Target $38
ROTH
Buy
IMAX reinitiated with a Buy at Roth Capital
Roth Capital analyst Darren Aftahi reinitiated coverage of IMAX with a Buy rating and $38 price target, citing the company's growing network of theaters and differentiated technology platform and the increasing global box office.

TODAY'S FREE FLY STORIES

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BMRN

BioMarin

$82.21

-1.12 (-1.34%)

, ESALY

Eisai

$57.91

0.59 (1.03%)

04:55
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Conference/Events
American Epilepsy Society to hold annual meeting »

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BMRN

BioMarin

$82.21

-1.12 (-1.34%)

ESALY

Eisai

$57.91

0.59 (1.03%)

GWPH

GW Pharmaceuticals

$112.32

3.04 (2.78%)

IART

Integra LifeSciences

$75.78

-1.07 (-1.39%)

MDT

Medtronic

$72.01

0.13 (0.18%)

MNK

Mallinckrodt

$53.61

0.51 (0.96%)

NVTA

Invitae

$6.95

0.16 (2.36%)

SAGE

SAGE Therapeutics

$49.02

-0.23 (-0.47%)

WTKWY

Wolters Kluwer

$34.08

-0.39 (-1.13%)

ZGNX

Zogenix

$13.05

0.35 (2.76%)

ZYNE

Zynerba

$13.64

0.83 (6.48%)

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WMT

Wal-Mart

$70.88

0.21 (0.30%)

18:17
12/02/16
12/02
18:17
12/02/16
18:17
Periodicals
Wal-Mart to pay $7.5M to settle same-sex spouse benefit case, Reuters reports »

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

HMST

HomeStreet

$29.35

-0.2 (-0.68%)

03/08/13
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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

, ALIOF

Actelion

$206.01

15.21 (7.97%)

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Johnson & Johnson said to raise offer for Actelion above $250, Bloomberg says »

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

ALIOF

Actelion

$206.01

15.21 (7.97%)

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CE

Celanese

$79.10

0.3 (0.38%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, GMED

Globus Medical

$21.89

0.12 (0.55%)

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$29.35

-0.2 (-0.68%)

GMED

Globus Medical

$21.89

0.12 (0.55%)

BGS

B&G Foods

$42.50

0.2 (0.47%)

ZEN

Zendesk

$21.17

0.34 (1.63%)

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ZEN

Zendesk

$21.17

0.34 (1.63%)

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Zendesk says SVPs Amanda Kleha and Marcus Bragg to resign »

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

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President Obama blocks China's Fujian from acquiring Aixtron, CNBC reports »

President Barack Obama…

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CX

CEMEX

$7.83

0.09 (1.16%)

17:31
12/02/16
12/02
17:31
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17:31
Hot Stocks
CEMEX to divest ready-mix concrete pumping assets in Mexico »

CEMEX announced that…

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SRNE

Sorrento Therapeutics

$5.15

-0.1 (-1.90%)

17:30
12/02/16
12/02
17:30
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17:30
Syndicate
Breaking Syndicate news story on Sorrento Therapeutics »

Sorrento files to sell…

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  • 06

    Dec

MBRX

Moleculin Biotech

$2.63

-0.14 (-5.05%)

17:29
12/02/16
12/02
17:29
12/02/16
17:29
Syndicate
Breaking Syndicate news story on Moleculin Biotech »

Moleculin Biotech files…

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  • 06

    Dec

NEOG

Neogen

$61.59

-1.46 (-2.32%)

17:28
12/02/16
12/02
17:28
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17:28
Hot Stocks
Neogen acquires U.K.-based Quat-Chem, terms undisclosed »

Neogen announced that it…

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RRC

Range Resources

$36.36

-0.23 (-0.63%)

17:25
12/02/16
12/02
17:25
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17:25
Hot Stocks
Breaking Hot Stocks news story on Range Resources »

SailingStone Capital…

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EOG

EOG Resources

$103.74

-1.01 (-0.96%)

17:25
12/02/16
12/02
17:25
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17:25
Syndicate
Breaking Syndicate news story on EOG Resources »

EOG Resources files to…

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  • 13

    Dec

HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

17:22
12/02/16
12/02
17:22
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17:22
Hot Stocks
Breaking Hot Stocks news story on HomeStreet, UMB Financial »

HomeStreet to replace UMB…

HMST

HomeStreet

$29.35

-0.2 (-0.68%)

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

, IM

Ingram Micro

$38.88

1.31 (3.49%)

17:21
12/02/16
12/02
17:21
12/02/16
17:21
Hot Stocks
UMB Financial to replace Ingram Micro in S&P 400 as of 12/6 close »

Tianjin Tianhai…

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

03/08/13
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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

17:20
12/02/16
12/02
17:20
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17:20
Hot Stocks
Globus Medical to replace Talen Energy in S&P 400 as of 12/6 close »

Riverstone Holdings is…

GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

17:16
12/02/16
12/02
17:16
12/02/16
17:16
Periodicals
President Obama blocks China's takeover of Aixtron, CNBC reports »

Says the transaction…

03/08/13
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DB

Deutsche Bank

$15.74

-0.32 (-1.99%)

17:07
12/02/16
12/02
17:07
12/02/16
17:07
Periodicals
Deutsche Bank to pay $60M settlement over gold price-fixing case, Reuters says »

Deutsche Bank will pay…

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  • 10

    Jan

ALB

Albemarle

$84.86

-0.79 (-0.92%)

17:07
12/02/16
12/02
17:07
12/02/16
17:07
Hot Stocks
Albemarle to increase prices for select brominated products »

Albemarle announced that…

03/08/13
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  • 16

    Mar

FOR

Forestar Group

$13.40

0.2 (1.52%)

17:06
12/02/16
12/02
17:06
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17:06
Hot Stocks
Breaking Hot Stocks news story on Forestar Group »

Carlson Capital lowers…

03/08/13
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