Breaking News Instant updates and real-time market news.

FB

Facebook

$117.02

-0.77 (-0.65%)

, VRX

Valeant

$17.95

-0.03 (-0.17%)

16:18
11/18/16
11/18
16:18
11/18/16
16:18

On The Fly: Stocks end week higher but post-election rally decelerates

Stocks ended the week higher as the post-election rally continued, but with the Nasdaq shifting into the role of the main beneficiary. Though the Dow and S&P also saw modest gains for the week, their advances lost considerable steam as investors wait for clarity on the members of the next administration and on their policies. MACRO NEWS: In the U.S., initial jobless claims dropped to 235,000 for the week ended November 12, marking the fewest weekly claims figure since 1973. Housing starts rebounded 25.5% in October to a 1.32M pace, making for the best housing starts number in 9 years. Retail sales climbed 0.8% in October and rose 0.6% excluding autos and gas. Import prices rose 0.5% in October, with export prices up 0.2%. Business inventories edged up 0.1% in September, with sales up 0.7%. The producer prices index was flat in October, with the core rate slipping 0.2%. Industrial production was also flat in October with capacity at 75.3%. The NAHB homebuilder sentiment index for November was steady at 63. The consumer price index rose 0.4% in October, with the core reading up 0.1%... Speaking with lawmakers on Capitol Hill, Fed Chair Janet Yellen reiterated that an interest rate hike could come "relatively soon," and stated that she "fully intends" to finish out her term as the head of the central bank... In Europe, German GDP rose 0.2%, while U.K. CPI fell to 0.9% in October. Eurozone GDP rose 0.3% in the third quarter... In Asia, Japan's third quarter GDP growth beat expectations. China's industrial production rose at an annualized 6.1% rate in October and retail sales rose 10% year over year. COMPANY NEWS: Facebook (FB) said it has uncovered more miscalculated metrics related to how consumers interact with content from marketers and publishers. At the same time, the social media giant announced other changes meant to give advertisers more confidence, namely the creation of a measurement council and giving third-party auditors more access to Facebook's data... Preet Bharara, U.S. Attorney for the Southern District of New York, announced charges against Gary Tanner, a former executive at Valeant Pharmaceuticals (VRX), and Andrew Davenport, the former CEO of Philidor Rx Services, for engaging in a multi-million dollar fraud and kickback scheme. In response, the drugmaker noted that Tanner ceased to be a Valeant employee in 2015 and that Davenport was never an employee of the company. The counts issued include allegations that the charged parties engaged in actions to defraud Valeant as a company, with the drugmaker also saying it continues to cooperate with all relevant authorities in this matter... Tesla (TSLA) announced that its shareholders have approved the acquisition of SolarCity (SCTY), with 85% of those eligible to vote coming out in favor of the deal. With SolarCity's shareholders also having approved the acquisition, the deal is expected to be completed in the coming days... Volkswagen (VLKAY) has reached a deal to cut up to 30,000 jobs from its workforce, or nearly 5% of its headcount, over five years as the company tries to boost profits in the wake of its damaging emissions-cheating scandal... In M&A news, Samsung Electronics (SSNLF) entered into a definitive agreement under which the company will acquire stereo-maker and connected-car supplier Harman (HAR) for $112 per share in cash, or total equity value of approximately $8B. Siemens (SIEGY) and Mentor Graphics (MENT) announced that they have entered into a merger agreement under which Siemens will acquire Mentor for $37.25 per share in cash, which represents an enterprise value of $4.5B. Digi International (DGII) confirmed that it received an unsolicited, conditional and non-binding proposal from Belden (BDC) to acquire the company for $13.82 per share in cash, but its board of directors unanimously rejected the proposal... Among companies that announced quarterly results this week, Best Buy (BBY), Salesforce (CRM), JD.com (JD), Advance Auto Parts (AAP), Target (TGT), JinkoSolar (JKS), NetApp (NTAP), Children's Place (PLCE), Marvell Technology (MRVL), Ross Stores (ROST), and Nuance Communications (NUAN) advanced following their reports, while Wal-Mart (WMT), Home Depot (HD), Lowe's (LOW), TJX Companies (TJX), Sally Beauty (SBH), Dicks Sporting Goods (DKS), Amplify Snack Brands (BETR), Cisco Systems (CSCO), GAP (GPS), Abercrombie & Fitch (ANF), and Hibbett Sports (HIBB) declined. INDEXES: For the week, the Dow added 0.1% to 18,867.93, the Nasdaq advanced 1.6% to 18,867.93, and the S&P 500 rose 0.8% to 2,181.90.

FB

Facebook

$117.02

-0.77 (-0.65%)

VRX

Valeant

$17.95

-0.03 (-0.17%)

WMT

Wal-Mart

$68.54

-0.65 (-0.94%)

HD

Home Depot

$128.33

-0.6 (-0.47%)

LOW

Lowe's

$69.31

1.36 (2.00%)

TSLA

Tesla

$185.02

-3.64 (-1.93%)

SCTY

SolarCity

$20.34

-0.06 (-0.29%)

VLKAY

Volkswagen

$27.10

-0.385 (-1.40%)

SSNLF

Samsung

HAR

Harman

$109.35

0.05 (0.05%)

SIEGY

Siemens

$112.85

-1.44 (-1.26%)

MENT

Mentor Graphics

$36.49

0.03 (0.08%)

DGII

Digi International

BDC

Belden

$72.66

0.11 (0.15%)

BBY

Best Buy

$44.79

-1.2 (-2.61%)

CRM

Salesforce

$77.77

2.58 (3.43%)

JD

JD.com

$26.45

-0.3 (-1.12%)

AAP

Advance Auto Parts

$162.57

-3.75 (-2.25%)

TGT

Target

$76.19

0.06 (0.08%)

JKS

JinkoSolar

$13.34

-0.76 (-5.39%)

NTAP

NetApp

$37.00

0.1 (0.27%)

PLCE

Children's Place

$99.45

0.25 (0.25%)

MRVL

Marvell

$14.80

1.44 (10.78%)

ROST

Ross Stores

$68.00

2.47 (3.77%)

NUAN

Nuance

$16.91

1.36 (8.75%)

TJX

TJX

$77.73

0.63 (0.82%)

SBH

Sally Beauty

$26.22

-0.64 (-2.38%)

DKS

Dick's Sporting

$58.02

-0.76 (-1.29%)

BETR

Amplify Snack Brands

$9.84

-0.17 (-1.70%)

CSCO

Cisco

$30.15

0.1 (0.33%)

GPS

Gap

$25.61

-5.1 (-16.61%)

ANF

Abercrombie & Fitch

$14.60

-2.33 (-13.76%)

HIBB

Hibbett Sports

$40.40

-4.9 (-10.82%)

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FB Facebook
$117.02

-0.77 (-0.65%)

11/18/16
RBCM
11/18/16
NO CHANGE
RBCM
Internet stock weakness creates buying opportunity, says RBC Capital
EBC Capital analyst Mark Mahaney says that the 5%-10% decline in Internet stocks since the election has created more attractive long-term opportunities. The analyst does not expect the Trump Administration's policies to have a major impact on the fundamentals of the Internet sector. His favorite large-cap names in the sector are, in order, Netflix (NFLX), Facebook (FB), and Priceline (PCLN). His favorite small-cap names are, in order, Yelp (YELP), Criteo (CRTO), and GoDaddy (GDDY).
11/11/16
LOOP
11/11/16
NO CHANGE
LOOP
Loop Capital sees U.S.-centric internet names outperforming in near-term
Following the election of Donald Trump as President and the Republican sweep in D.C., large cap internet names, those with more international revenues, and China-based companies have been underperforming, noted Loop Capital analyst Blake Harper. Larger caps, such as Alphabet (GOOG), Amazon (AMZN) and Facebook (FB), could continue to see more pressure given the potential for more restrictive trade and antitrust policies, while internet companies the large majority of their revenues from the U.S. and a narrower market focus - such as Angie's List (ANGI), Care.com (CRCM), GrubHub (GRUB), Quotient (QUOT), Bankrate (RATE), LendingTree (TREE), TrueCar (TRUE) and Yelp (YELP) - should outperform in the near-term, contends Harper.
11/16/16
BARD
11/16/16
NO CHANGE
Target $155
BARD
Outperform
Facebook updates on metrics don't alter value proposition, says Baird
Baird analyst Colin Sebastian noted that Facebook has identified a number of metrics that were being calculated incorrectly by the company. While significant, Facebook does not currently bill its clients based on any of these metrics, noted Sebastian, who doesn't think the news alters Facebook's core value proposition for users or advertisers. Also, Facebook's plans for a "Measurement Council" should improve client engagement and communication, contends the analyst, who keeps an Outperform rating on the shares and recommends investors continue to add to Facebook positions on weakness.
11/17/16
PIPR
11/17/16
NO CHANGE
PIPR
Piper sees Trump-related Internet selloff as 'rare opportunity'
Piper Jaffray analyst Gene Munster says he would be "buying the fear" priced into Internet mega-caps. Concerns of President-Elect Trump's impact on tech companies are being largely extrapolated from sound bites that are unlikely to manifest during Trump's presidency, Munster tells investors in a research note. The selloff in "best-in-class" large cap internet stocks Apple (AAPL), Amazon.com (AMZN), Alphabet (GOOG), Facebook (FB) and Netflix (NFLX) presents a "rare opportunity," Munster writes. He believes Trump's threats towards Amazon are without merit and that net neutrality is unlikely to be reversed. He finds the valuations for each of the mega-caps "very attractive."
VRX Valeant
$17.95

-0.03 (-0.17%)

11/18/16
DBAB
11/18/16
NO CHANGE
Target $24
DBAB
Hold
Deutsche still likes near-term setup for Valeant shares
Deutsche Bank analyst Gregg Gilbert said yesterday that he still likes the near-term setup for shares of Valeant Pharmaceuticals after federal prosecutors announced criminal charges against former executive Gary Tanner and the former CEO of Philidor. It is "good to see" that Valeant and other senior executives were not charged, Gilbert told investors in a research note. The charges could be an important step forward as the company and new management team distance themselves from the past, Gilbert wrote. The analyst points out that the bar for 2016 has already been lowered and that new CFO Paul Herendeen thinks of guidance as a commitment. Gilbert keeps a Hold rating on Valeant with a $24 price target. The stock closed yesterday up 12c to $17.98.
11/18/16
ADAM
11/18/16
NO CHANGE
Target $17
ADAM
Hold
Valeant negative headlines remain a risk, says Canaccord
Canaccord analyst Neil Maruoka noted yesterday's headlines regarding criminal charges against a former Valeant executive. He said although the charges are not pertinent to Valeant it underscores the negative headline risk that is associated with owning the shares. Maruoka said the company's lower guidance suggests growth headwinds into next year and believes the company still needs to sell assets to de-lever. Maruoka maintained his Hold rating and $17 price target on Valeant shares.
11/17/16
WELS
11/17/16
NO CHANGE
WELS
Wells Fargo reminds investors that Valeant has no legal reserves
After the former CEO of Philidor Andy Davenport and former executive Gary Tanner were arrested, Wells Fargo analyst David Maris reminds investors that Valeant Pharmaceuticals has not reserved for any potential legal liabilities. The arrests and charges are separate from a Department of Justice investigation that may lead to potential criminal charges against former Valeant executives and the company itself, Maris writes to investors in an intraday research note. He continues to believe that the "many legal cases" against Valeant and its affiliated business partners could turn out to be a "major risk" for Valeant and investors. He keeps an Underperform rating on the shares with a $10-$13 price target range. The stock is down 6%, or $1.11, to $16.75 in morning trading.
11/15/16
WELS
11/15/16
NO CHANGE
WELS
Underperform
Wells Fargo cuts low end of Valeant price target to $10
In a research note titled "Second Look--We Think Risk Of Restructuring Is Increasing," Wells Fargo analyst David Maris cut his price target range for shares of Valeant Pharmaceuticals to $10-$13 from $17-$22. The stock closed yesterday down 45c to $17.55. Valeant's declining high-margin neurology business could weigh on margins and cash flow in the coming years, Maris tells investors in a research note. Following Valeant's Q3 results, guidance cut and commentary on 2017, Maris is less certain the company has the ability to meet its obligations without refinancing. He believes any refinancing will be "much more expensive" post the Q3 results. After Valeant disclosed a new subpoena from the California Department of Insurance in its quarterly filing, the company's government and regulatory investigations now total 12, in addition to three class action suits, three RICO suits, 10 U.S. securities litigations, eight Canadian securities class actions, an IRS review, and an insider trading case, Maris points out. He keeps an Underperform rating on Valeant.
WMT Wal-Mart
$68.54

-0.65 (-0.94%)

11/17/16
BARD
11/17/16
NO CHANGE
Target $80
BARD
Outperform
Wal-Mart strategy remains on track, says Baird
Baird analyst Peter Benedict notes that this was a 'noisy' quarter for Wal-Mart, but underlying EPS effectively in line with expectations. While acknowledging that U.S. traffic gains slowed against a tougher compare and Q4 EPS guidance was viewed as a disappointment, the analyst believes Wal-Mart's strategy remains on track and 2017 EPS estimates appear largely de-risked. He reiterates an Outperform rating and $80 price target on the shares, given the company's defensive appeal within a still choppy consumer/retail backdrop.
10/21/16
10/21/16
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. CBS (CBS) initiated with a Buy at Wunderlich. 2. Wal-Mart (WMT) initiated with a Neutral at Piper Jaffray with analyst Sean Naughton citing "persistent declines" in U.S. operating margin and falling returns on incremental capital for his Neutral rating. 3. Asure Software (ASUR) initiated with a Buy at Roth Capital. 4. Valvoline (VVV) initiated with a Neutral at JPMorgan and a Neutral at Longbow. 5. Abraxas Petroleum (AXAS) initiated with a Buy at Rodman & Renshaw. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/11/16
BARD
11/11/16
NO CHANGE
Target $80
BARD
Outperform
Wal-Mart 2017 earnings somewhat de-risked, says Baird
Baird analyst Peter Benedict expects Wal-Mart's Q3 results to be generally in-line as investments in associates, processes, and prices are working together to drive improved customer satisfaction and sales. The company's 2017 estimates appear to be de-risked as management reset margin and earnings expectations at last month's investor meeting, said Benedict, who reiterated his Outperform rating and $80 price target on Wal-Mart shares.
10/27/16
JPMS
10/27/16
DOWNGRADE
Target $28
JPMS
Neutral
JPMorgan downgrades Vitamin Shoppe on 2017 earnings risk
JPMorgan analyst Christopher Horvers earlier today downgraded Vitamin Shoppe (VSI) to Neutral from Overweight and lowered his price target for the shares to $28 from $33. The analyst sees downside risk to 2017 earnings as the competitive environment worsens. GNC Holdings (GNC) under new management is testing major pricing and loyalty card changes while Vitamin Shoppe's comparable prices are higher versus Amazon (AMZN), Horvers tells investors in a research note. He sees Vitamin Shoppe "squeezed between" its three larger competitors, GNC, Wal-Mart (WMT) and Amazon. The stock is trading down $2.05 to $25.30 following GNC's Q3 results. GNC is trading down 20% to $16.04.
HD Home Depot
$128.33

-0.6 (-0.47%)

11/16/16
OPCO
11/16/16
NO CHANGE
Target $80
OPCO
Outperform
'Messy' third quarter from Lowe's, says Oppenheimer
Oppenheimer analyst Brian Nagel looks upon the weaker than expected Q3 results and modestly more subdued 2016 guidance that Lowe's (LOW) reported today as not totally shocking, but disappointing nonetheless. The analyst points out that the tone of Lowe's press release implies that management may be embarking upon some type of "reset." Further, Nagel says Lowe's took a number of charges in Q3 and seems set to invest differently going forward. The analyst continues to view Home Depot (HD) as the better play in home improvement retail. He reiterates an Outperform rating and $80 price target on Lowe's shares.
11/16/16
UBSW
11/16/16
NO CHANGE
Target $145
UBSW
Buy
Home Depot earnings support upside from current levels, says UBS
UBS analyst Michael Lasser believes the market reaction surrounding Home Depot's Q3 results were short-sighted. He said the company's comps provided evidence it can sustain momentum for a while. Lasser sees the company's strong earnings growth as supporting upside from current levels and reiterated his Buy rating and $145 price target on Home Depot shares.
11/15/16
BARD
11/15/16
NO CHANGE
Target $150
BARD
Outperform
Home Depot report reinforces positive view, supports Lowe's estimate, says Baird
Baird analyst Peter Benedict said the "solid" Q3 report and "potentially conservative" outlook from Home Depot (HD) reinforces his positive view of the stock and also supports his 2.5% U.S. comp growth estimate for peer Lowe's (LOW), which is scheduled to report before the market open tomorrow. Benedict has an Outperform rating and $150 price target on Home Depot shares.
11/01/16
OPCO
11/01/16
NO CHANGE
Target $80
OPCO
Outperform
Lowe's price target lowered to $80 from $94 at Oppenheimer
Oppenheimer analyst Brian Nagel lowered his price target for Lowe's (LOW) to $80 from $94 on valuation. The analyst notes that "softish reports" from Home Improvement related manufacturers and suppliers have sparked investor concern that a weaker spending environment has finally caught up with the company and Home Depot (HD). However, Nagel believes any sales weakness that occurred late summer is more of a "blip" than the beginning of a "sales downshift" for the sector, and recommends clients use recent share price weakness as a buying opportunity. He reiterates an Outperform rating on Lowe's shares. Nagel also lowered his price target for Home Depot.
LOW Lowe's
$69.31

1.36 (2.00%)

11/17/16
11/17/16
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. Lowe's (LOW) downgraded to Market Perform from Outperform at Telsey Advisory. 2. Chipotle (CMG) downgraded to Sell from Neutral at Guggenheim. 3. First Solar (FSLR) downgraded to Underperform from Market Perform at Avondale. 4. AB InBev (BUD) downgraded to Hold from Buy at Investec with analyst Anthony Geard citing weak third quarter results and high cost savings goals from the newly acquired SAB. 5. Atwood Oceanics (ATW) downgraded to Sell from Neutral at Citi and to Equal Weight from Overweight at Stephens. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/17/16
LBOW
11/17/16
NO CHANGE
LBOW
Lowe's outlook remains positive, says Longbow
After Lowe's Q3 comp store sales came in below expectations and it cut its fiscal 2016 EPS guidance, Longbow analyst David MacGregor says the "disappointing" results were partly caused by its "overly complex" business model. However, the analyst continues to expect the company to benefit from increases in home improvement spending. He keeps an $85 price target and a Buy rating on the shares.
11/17/16
STFL
11/17/16
NO CHANGE
STFL
Lowe's valuation 'still compelling,' says Stifel
After Lowe's reported weaker than expected results, Stifel analyst John Baugh calls the results "difficult" and lowered his price target on the shares to $84 from $92 to reflect his reduced out year earnings estimates. However, he notes that the stock has dropped nearly 20% since July, and he believes that its valuation remains "compelling." He keeps a Buy rating on the stock.
11/17/16
UBSW
11/17/16
NO CHANGE
Target $77
UBSW
Buy
Lowe's valuation attractive at current levels, says UBS
UBS analyst Michael Lasser noted Lowe's reported disappointing Q3 results but exited the quarter showing above industry sales strength in appliances, tools, and lumber, suggesting its core products remains stable. The analyst feels considerable margin improvement is around the corner and sees a case for the company being able to cut non-core costs. Lasser reiterated his Buy rating and lowered his price target to $77 from $80 on Lowe's shares.
TSLA Tesla
$185.02

-3.64 (-1.93%)

11/07/16
OPCO
11/07/16
NO CHANGE
OPCO
Oppenheimer sees SolarCity earnings release as 'last hurdle' for Tesla deal
Oppenheimer analyst Colin Rusch believes "the last hurdle" for Tesla's (TSLA) acquisition of SolarCity (SCTY) is the latter's earnings this week. The analyst expects investors to focus on total volume of installations, percentage of cash sales, and any incremental information on the planned Buffalo, NY manufacturing facility.
11/09/16
OPCO
11/09/16
NO CHANGE
OPCO
Election to impact solar, alternative transportation plays, says Oppenheimer
Oppenheimer analyst Colin Rusch believes Trump's surprise victory, in tandem with Republicans maintaining control of Congress, constitutes a material negative for the majority of stocks under the firm's coverage and injects "significant policy uncertainty" into the growth outlook for multiple verticals, with solar/ alternative transportation plays the most impacted. He thinks residential solar plays will see lower volumes on more challenging regulations/slower demand, and expects First Solar (FSLR) and SunPower (SPWR) to take share of a smaller utility-scale solar project pie. Yieldcos like NextEra Energy Partners (NEP), NRG Yield (NYLD), 8point3 Energy (CAFD), Pattern Energy (PEGI), and TerraForm Power (TERP) could see a smaller set of available projects, he adds. Rusch believes a Trump administration could weaken or repeal corporate fuel economy standards, and a rollback could be a net negative for Johnson Controls (JCI), Ideal Power (IPWR) and Maxwell (MXWL). Also, he would not be surprised to see a Trump administration attempt to block federal support for EV buyers but provide support for companies such as Tesla (TSLA) that are creating U.S. manufacturing jobs.
11/18/16
BARD
11/18/16
NO CHANGE
Target $338
BARD
Outperform
Tesla acquisition approval removes overhang, says Baird
Baird analyst Ben Kallo noted both Tesla (TSLA) and SolarCity (SCTY) shareholders approved the companies' merger, which removes an overhang for Tesla. Kallo expects the stock to move higher after the noise around the acquisition subsides. The company's focus should now return to the ramp of the Gigafactory, Model S and X production, and the ramp of the Model 3 production and he sees the shares moving higher as the company executes. Kallo reiterated his Outperform rating and $338 price target on Tesla shares.
11/02/16
BARD
11/02/16
NO CHANGE
Target $338
BARD
Outperform
Baird incrementally more positive on Tesla acquisition of Solar City
Baird analyst Ben Kallo said he was incrementally more positive on the acquisition of Solar City (SCTY) by Tesla (TSLA) following Elon Musk's presentation of new information related to the merger. The analyst believes the merger creates a large opportunity for cross-selling products and should reduce customer acquisition costs. Management said they expect $150M in cost synergies in the first year, noted Kallo, who reiterated his Outperform rating and $338 price target on Tesla shares.
SCTY SolarCity
$20.34

-0.06 (-0.29%)

11/16/16
AXIO
11/16/16
DOWNGRADE
AXIO
Sell
SolarCity downgraded to Sell from Hold at Axiom
11/16/16
11/16/16
DOWNGRADE

Sell
SolarCity downgraded to Sell from Hold at Axiom
As previously reported, Axiom analyst Gordon Johnson II downgraded SolarCity (SCTY) to Sell from Hold given his new outlook on falling support for solar in the U.S., and via contagion abroad, following the election of Donald Trump. He is also less bullish on Chinese module prices given profit-dilutive quotes being submitted by Chinese module company's in association with the government's "Top-Runner" program. Axiom also downgraded several other stocks in the solar space - JA Solar (JASO), Trina Solar (TSL) and Yingli Green Energy (YGE) - all to Sell from Buy this morning, citing the same concerns.
11/16/16
11/16/16
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. Sysco (SYY) downgraded to Neutral from Outperform at Credit Suisse with analyst Edward Kelly saying Sysco shares are up 50% over the last 18 months and now views risk/reward as balanced. 2. Teva (TEVA) downgraded to Hold from Buy at Jefferies, to Equal Weight from Overweight at Morgan Stanley, and to Neutral from Buy at BTIG. 3. Bank of America (BAC) Capital One (COF) downgraded to Neutral from Outperform at Baird while the firm downgraded Fifth Third (FITB) to Underperform from Neutral. 4. Zions Bancorp (ZION) downgraded to Equal Weight from Overweight at Morgan Stanley and to Market Perform from Outperform at Bernstein. 5. Yingli Green Energy (YGE) downgraded to Sell from Buy at Axiom while the firm downgraded SolarCity (SCTY) and JA Solar (JASO) to Sell from Hold. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
VLKAY Volkswagen
$27.10

-0.385 (-1.40%)

09/09/16
GSCO
09/09/16
UPGRADE
Target $20
GSCO
Neutral
Navistar upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Jerry Revich upgraded Navistar International (NAV) to Neutral saying liquidity risk is "meaningfully reduced" with the capital injection from Volkswagen (VLKAY). Revich raised his price target for the shares to $20 from $2. He believes the near-term risk/reward for the stock is balanced.
09/09/16
WELS
09/09/16
NO CHANGE
WELS
Navistar 'making progress' on turnaround, says Wells Fargo
After Navistar reported weaker than expected results but reiterated its full-year guidance, Wells Fargo says that "some" of Navistar's "more severe risks appear to be fading." The firm says that Navistar's deal with Volkswagen (VLKAY) will reduce its liquidity risk, but Wells thinks that Navistar's end market continues to be "weak." The firm raised its price target range on the stock to $17-$20 from $11-$14 but keeps a Market Perform rating on the shares.
09/07/16
RBCM
09/07/16
NO CHANGE
RBCM
Navistar deal undermines bear thesis, says RBC Capital
After Navistar (NAV) announced a strategic alliance with Volkwagen (VLKAY) and Volkwagen's purchase of a 16.6% stake in Navistar, RBc Capital analyst Seth Webber says that the deal "goes a long way toward deflating a bear thesis around (Naistar's) slow HD share" gain and its "financial position/liquidity." .Webber says he plans to adjust his model following Navistar's Q3 results on September 8. For now, he keeps a Sector Perform rating on the shares.
09/06/16
WELS
09/06/16
NO CHANGE
WELS
Cummins could be hurt by Navistar deal, says Wells Fargo
Wells Fargo believes that Cummins (CMI) could be hurt over the medium to long-term by Volkswagen's (VLKAY) acquisition of a 16.6% stake in Navistar (NAV). The firm says that Cummins "could potentially lose all or part of" the $800M-$1B in revenue which Wells estimates that Cummins generates from selling engines to Navistar. However, Wells thinks that Cummins probably won't lose all of this revenue, and it stresses that the decline will occur over a significant period of time. Wells keeps Market Perform ratings on Navistar and Cummins.
SSNLF Samsung

10/18/16
UBSW
10/18/16
NO CHANGE
Target $127
UBSW
Buy
Apple near-term outlook improved, says UBS
UBS analyst Steven Milunovich believe Apple's (AAPL) Q4 guidance could have upside due to an extra week in the quarter and checks that show iPhone 7 demand is a bit better than the iPhone 6s. The analyst also noted the Samsung (SSNLF) Note 7 problem remains a wild card, but believes it should help Apple's retention rate. Milunovich said the current Apple share price reflects a gradual erosion of its installed base and the amount people are willing to spend with Apple, which he believes is conservative. Milunovich reiterated his Buy rating and $127 price target on Apple shares.
10/26/16
NEED
10/26/16
NO CHANGE
Target $150
NEED
Strong Buy
Needham recommends buying Apple on Pokemon Go, Samsung upside
Following Apple's (AAPL) Q4 results, Needham analyst Laura Martin notes that iPhone revenue rose driven in part by Samsung's (SSNLF) Galaxy Note 7 imploding in September and estimates $10B-$20B of brand value transfers to Apple during the next adoption cycle owing to Samsung's poor handling of the replacement, recall and ultimate discontinuation of the Note 7. Of the company's extra services revenue quarter over quarter, the analyst's channel checks indicate that Niantic and Nintendo's (NTDOY) Pokemon Go represented much of the growth. Martin reiterates a Strong Buy and $150 price target on Apple's shares.
11/01/16
ADAM
11/01/16
NO CHANGE
Target $13
ADAM
Buy
DSP Group long-term thesis remains on track, says Canaccord
Canaccord analyst Matthew Ramsay noted DSP Group (DSPG) reported strong September results driven by record revenue in new product categories. The analyst noted new design wins and said the company is well positioned to yield a return to solid sales growth at higher margins and has the financial position to secure business with large customers. Ramsay reiterated his Buy rating but lowered his price target to $13 from $14 based on the Samsung (SSNLF) Note 7 cancellation.
11/01/16
BMUR
11/01/16
NO CHANGE
Target $25
BMUR
Buy
Integrated Device continues to push through rough patch, says Brean Capital
Brean Capital analyst Mike Burton noted Integrated Device (IDTI) reported relatively in-line Q1 results and gave mixed guidance as the company is being impacted by Samsung's (SSNLF) Note 7 recall. The analyst believes the company is working through its rough patch and executing well on the margin and cost side of its business model. Burton reiterated his Buy rating and raised his price target to $25 from $23 on Integrated Device shares.
HAR Harman
$109.35

0.05 (0.05%)

11/16/16
DBAB
11/16/16
DOWNGRADE
Target $112
DBAB
Hold
Harman downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Rod Lache downgraded Harman International to Hold citing valuation following Samsung's takeout offer. The analyst has a $112 price target for the shares.
11/15/16
GSCO
11/15/16
DOWNGRADE
GSCO
Neutral
Harman downgraded to Neutral from Buy at Goldman
Goldman analyst David Tamberrino downgraded Harman to Neutral following the acquisition by Samsung.
11/15/16
RAJA
11/15/16
DOWNGRADE
Target $112
RAJA
Outperform
Harman downgraded to Outperform from Strong Buy at Raymond James
Raymond James analyst Tavis McCourt downgraded Harman to Outperform and raised its price target to $112 from $110 following the acquisition by Samsung. The analyst said financing and regulatory risks of the transaction are very low and sees a small chance of a superior bid.
11/15/16
LEHM
11/15/16
DOWNGRADE
Target $111
LEHM
Equal Weight
Harman downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Brian Johnson downgraded Harman International to Equal Weight and raised his price target for the shares to $111 from $104 following the acquisition by Samsung. The analyst does not expect a topping bidder from autos, but says other tech firms might emerge.
SIEGY Siemens
$112.85

-1.44 (-1.26%)

03/04/16
GSCO
03/04/16
UPGRADE
GSCO
Buy
Siemens upgraded to Buy from Neutral at Goldman
05/27/16
JPMS
05/27/16
NO CHANGE
Target $27
JPMS
Underweight
JPMorgan recommends pair trade of long Siemens, short GE
JPMorgan analyst C. Stephen Tusa recommends a Global Industrials pair trade of log Siemens (SIEGY), short General Electric (GE). The analyst has an Underweight rating on GE with a $27 price target and a Neutral rating on Siemens. GE now trades at premium to Siemens while its earnings risk versus consensus will increase over the coming years, Tusa tells investors in a research note.
09/07/16
UBSW
09/07/16
DOWNGRADE
UBSW
Neutral
Siemens downgraded to Neutral from Buy at UBS
UBS downgraded Siemens to Neutral saying the risk/reward is not attractive enough at current valuation levels.
03/21/16
DBAB
03/21/16
INITIATION
DBAB
Hold
Siemens initiated with a Hold at Deutsche Bank
MENT Mentor Graphics
$36.49

0.03 (0.08%)

10/10/16
DADA
10/10/16
UPGRADE
DADA
Buy
Mentor Graphics upgraded to Buy from Neutral at DA Davidson
10/27/16
10/27/16
NO CHANGE

Mentor Graphics partners with Telemotive on vehicle smart charging technology
Mentor Graphics (MENT) announced a joint engineering and marketing agreement with Telemotive AG, a Magna (MGA) company and an automotive supplier of engineering services and tech products. The heart of the agreement will be the integration of Mentor's Volcano VSTAR AUTOSAR stack with Telemotive's Power Line Communication creating electronic control units that allow for smart charging of electric vehicles.
10/19/16
FBCO
10/19/16
INITIATION
Target $34
FBCO
Outperform
Mentor Graphics initiated with an Outperform at Credit Suisse
Credit Suisse analyst Farhan Ahmad initiated Mentor Graphics with an Outperform and a $34 price target. The analyst believes the Street is underestimating Mentor's growth and sees potential for multiple expansion as the company starts to deliver. Additionally, Ahmad said Mentor screens well as a potential target for for Systems Design Software companies given the increasing importance of EDA companies in systems design.
10/10/16
DADA
10/10/16
UPGRADE
DADA
Buy
Mentor Graphics upgraded on multiple catalysts at DA Davidson
As noted earlier, DA Davidson upgraded Mentor Graphics to Buy from Neutral. Analyst Thomas Diffely says that the company is benefiting from multiple catalysts, including exposure to vertical markets that will enable multi-year growth, solid cash flow, and an activist investor that can help the company unlock value. He thinks that the company can benefit by optimizing its operations, and he finds the stock's valuation attractive. Target to $32 from $24.
DGII Digi International

08/24/16
SIDC
08/24/16
DOWNGRADE
SIDC
Neutral
Digi International downgraded to Neutral from Buy at Sidoti
Sidoti downgraded Digi International to Neutral due to valuation.
11/14/16
ADAM
11/14/16
NO CHANGE
ADAM
Belden offer undervalues Digi International, says Canaccord
Canaccord analyst T. Michael Walkley noted Digi International (DGII) rejected Belden's (BDC) $13.82 offer for the company as it undervalues the company's long-term potential. The analyst agrees saying the company is in the early stage of its strategic initiatives to drive improving revenue growth with strong longer-term margin leverage potential. Walkley maintained his Buy rating and $17 price target on Digi International shares.
01/25/16
SIDC
01/25/16
UPGRADE
Target $11
SIDC
Buy
Digi International upgraded to Buy from Neutral at Sidoti
Sidoti upgraded Digi International to Buy due to valuation and maintained its $11 price target on shares.
BDC Belden
$72.66

0.11 (0.15%)

11/03/16
ADAM
11/03/16
NO CHANGE
Target $78
ADAM
Buy
Belden price target lowered to $78 from $85 at Canaccord
Canaccord analyst John Quealy lowered his price target on Belden to $78 from $85 following its Q2 report. The analyst said his long-term thesis remains intact despite short-term variability as the migration toward higher margin secular growth areas continues. Quealy reiterated his Buy rating on Belden shares.
07/21/16
RHCO
07/21/16
NO CHANGE
RHCO
Belden should be bought on any significant weakness, says SunTrust
After Belden announced plans to issue convertible preferred stock, SunTrust says it expects the proceeds to be used for "capital value creating acquisitions." which will reduce the company's debt and increase its EPS. The firm says that acquisitions have tended to boost Belden's stock in the past. It keeps an $84 price target and Buy rating on the shares.
09/07/16
RHCO
09/07/16
DOWNGRADE
RHCO
Neutral
Belden downgraded on negative risk/reward ratio at SunTrust
As noted earlier, SunTrust downgraded Belden to Neutral from Buy. Analyst William Stein says that the company's broadcast and cybersecurity businesses are more likely to miss expectations than beat them in 2017. Target to $79 from $84.
BBY Best Buy
$44.79

-1.2 (-2.61%)

11/17/16
11/17/16
UPGRADE
Target $49

Neutral
Best Buy upgraded to Neutral after 'strong' Q3 at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Denise Chai upgraded Best Buy to Neutral from Underperform, saying that its latest quarterly results and share gains prove management's execution continues to be "extremely strong." However, she did not raise the stock to a Buy, citing its valuation and the fact that the company's guidance for the holiday quarter "was not particularly positive." Chai raised her price target on the stock to $49 from $29.
11/18/16
WEDB
11/18/16
NO CHANGE
WEDB
Best Buy outlook remains negative, says Wedbush
After Best Buy reported stronger than expected results, Wedbush analyst Michael Pachter still expects the company's holiday sales to be hurt by weakness in TV and wearables. The analyst says the fact that the company does not plan to issue a press release on its holiday sales bodes badly for its performance. He keeps a $24.50 price target and an Underperform rating on the shares.
11/17/16
BOFA
11/17/16
UPGRADE
BOFA
Neutral
Best Buy upgraded to Neutral from Underperform at BofA/Merrill
11/18/16
UBSW
11/18/16
NO CHANGE
Target $47
UBSW
Neutral
Best Buy fairly valued at current levels, says UBS
UBS analyst Michael Lasser noted Best Buy continued to outperform and take market share in Q3. He said the market share gains drove solid comp growth during the quarter and believes increasing its international operating margins is a long-term opportunity for the company. Lasser feels Best Buy shares are fairly valued at current levels and reiterated his Neutral rating while raising his price target on the shares to $47 from $38.
CRM Salesforce
$77.77

2.58 (3.43%)

11/15/16
OTRG
11/15/16
UPGRADE
OTRG
Positive
Salesforce upgraded to Positive from Mixed at OTR Global
OTR Global upgraded Salesforce to Positive to reflect checks that indicate broad product adoption, improved North American sentiment, and positive Dreamforce feedback.
11/18/16
ADAM
11/18/16
NO CHANGE
Target $95
ADAM
Buy
Salesforce weakness would be a buying opportunity, says Canaccord
Canaccord analyst Richard Davis noted Salesforce reported good Q3 results and provided in-line guidance. The analyst maintains his positive view on the company's fundamentals and said he would use any pullbacks to build out a full position. Davis reiterated his Buy rating and $95 price target on Salesforce shares.
11/18/16
BMUR
11/18/16
NO CHANGE
Target $110
BMUR
Buy
Salesforce acquisition strategy a key growth driver, says Brean Capital
Brean Capital analyst Yun Kim noted Salesforce reported strong Q3 results and strong implied billings guidance. He also acknowledged cautious investor sentiment due to the company's recent pursuit of a large acquisition and believes that could limit valuation multiples. Kim believes a disciplined acquisition strategy serves as a key growth driver for the company, however, and reiterated his Buy rating and $110 price target on Salesforce shares.
11/18/16
PACS
11/18/16
NO CHANGE
PACS
Salesforce shares should be bought after results, says Pacific Crest
After Salesforce reported stronger than expected results, Pacific Crest analyst Brent Bracelin says that the results were "impressive and surprising." The analyst thinks that the stock could reach $95, and he recommends buying the shares .
JD JD.com
$26.45

-0.3 (-1.12%)

10/25/16
GSCO
10/25/16
NO CHANGE
GSCO
Conviction Buy
Alibaba price target raised to $130 from $120 at Goldman
Goldman Sachs analyst Piyush Mubayi continues to think the outlook for organic growth rates in Alibaba's (BABA) China retail business remains robust and that the margin outlook for its core businesses is also intact. The analyst raised his price target on Alibaba shares to $130 from $120 and reiterates a Conviction List Buy rating on the stock, which remains his top pick in its sector. In the Chinese Internet space, the analyst also has Buy ratings on Tencent (TCEHY), Baidu (BIDU), JD.com (JD), Ctrip.com (CTRP), NetEase (NTES) and Vipshop (VIPS).
10/14/16
STFL
10/14/16
INITIATION
STFL
Buy
JD.com initiated at Stifel
As noted earlier, Stifel initiated JD.com with a $34 price target and a Buy rating. Analyst George Askew says that the company's "scale, management, brand, consumer trust and financial strength" will enable it to expand its e-commerce business and move into new areas.
10/13/16
STFL
10/13/16
INITIATION
Target $34
STFL
Buy
JD.com initiated with a Buy at Stifel
Stifel initiated JD.com with a Buy and a $34 price target.
09/20/16
09/20/16
DOWNGRADE

Neutral
JD.com downgraded on compeitive dynamics at MKM Partners
As previously reported, MKM Partners downgraded JD.com to Neutral from Buy. Analyst Rob Sanderson is concerned Alibaba (BABA) is preparing to increase competitive intensity, which could slow JD's margin ramp over the next several quarters.
AAP Advance Auto Parts
$162.57

-3.75 (-2.25%)

08/25/16
SUSQ
08/25/16
INITIATION
Target $158
SUSQ
Neutral
Advance Auto Parts initiated with a Neutral at Susquehanna
Susquehanna analyst Ali Faghri initiated Advance Auto Parts with a Neutral and $158 price target.
11/15/16
11/15/16
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. Fortinet (FTNT) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Melissa Gorham saying she is more constructive on Fortinet heading into fiscal 2017 given the stable demand environment, free cash flow generation, easier comps, and more durable renewals. 2. Advance Auto Parts (AAP) upgraded to Strong Buy from Outperform at Raymond James and to Positive from Neutral at Susquehanna following the company's quarterly report. 3. Chevron (CVX) upgraded to Buy from Outperform at CLSA while the firm also upgraded EOG Resources (EOG) to Outperform from Underperform. 4. Harley-Davidson (HOG) upgraded to Sector Perform from Underperform at RBC Capital with analyst Joseph Spak saying that risks to the company's growth have dissipated, partly due to the potential of President-elect Trump's policies to spark increased consumer spending. 5. Cheesecake Factory (CAKE) upgraded to Buy from Hold at Argus with analyst John Staszak saying investors should be attracted to Cheesecake by its dividend hikes, share repurchases, and ability to open new stores while generating consistent comparable sales growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/16
RAJA
11/15/16
UPGRADE
RAJA
Strong Buy
Advance Auto Parts upgraded to Strong Buy from Outperform at Raymond James
TGT Target
$76.19

0.06 (0.08%)

09/30/16
GUGG
09/30/16
INITIATION
GUGG
Neutral
Target initiated with a Neutral at Guggenheim
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.
09/16/16
09/16/16
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. GoPro (GPRO) initiated with a Buy at BofA/Merrill. 2. JetBlue (JBLU) initiated with an Outperform at Imperial Capital. 3. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Monster Beverage (MNST) were initiated with an Outperform at Credit Suisse, while the firm initiated Boston Beer (SAM) with an Underperform. Credit Suisse also initiated Coca-Cola (KO) and Constellation Brands (STZ) with a Neutral. 4. lululemon (LULU) initiated with a Positive at Susquehanna. 5. Target (TGT) coverage assumed with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/16/16
FBCO
09/16/16
INITIATION
Target $65
FBCO
Neutral
Target coverage assumed with a Neutral at Credit Suisse
Credit Suisse analyst Edward Kelly assumed coverage on Target with a $65 price target, down from $72, citing an uncertain outlook, structural headwinds, and under investment.
JKS JinkoSolar
$13.34

-0.76 (-5.39%)

11/08/16
11/08/16
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. Adient (ADNT) initiated with a Neutral at JPMorgan. 2. JinkoSolar (JKS) initiated with a Buy at Craig-Hallum. 3. Amgen (AMGN), Gilead (GILD), and Celgene (CELG) initiated with a Buy at Mizuho while the firm initiated Biogen (BIIB) with a Neutral. 4. BioScrip (BIOS) resumed with a Buy at Jefferies. 5. SQM (SQM) initiated with a Market Perform 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.
08/05/16
ROTH
08/05/16
DOWNGRADE
Target $18
ROTH
Neutral
JinkoSolar downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst Philip Shen downgraded JinkoSolar to Neutral from Buy and lowered his price target on the shares to $18 from $30. The analyst believes the softening demand in major solar markets and increasing cell/module capacity in 2016 is creating an oversupply situation that could persist for 1.5 years. Shen expects a supply/demand imbalance to accelerate ASP declines and put pressure on JinkoSolar's margins and earnings ahead.
07/08/16
OTRG
07/08/16
NO CHANGE
OTRG
Solar PV Manufactures downgraded to Negative from Mixed at OTR Global
OTR Global's changed its view on the Solar PV Manufactures sector to Negative from Mixed. The firm's checks indicate the outlook for 2016 solar PV installations has weakened due to slowing Q2 demand with April pricing falling below expectations in all regions, including China.
11/08/16
CHLM
11/08/16
INITIATION
Target $36
CHLM
Buy
JinkoSolar initiated with a Buy at Craig-Hallum
Craig-Hallum analyst Brad Meikle initiated JinkoSolar with a Buy and a $36 price target citing the "massive" balance sheet improvement and valuation.
NTAP NetApp
$37.00

0.1 (0.27%)

11/17/16
DBAB
11/17/16
NO CHANGE
Target $25
DBAB
Sell
NetApp earnings beat on cost cuts, says Deutsche Bank
Deutsche Bank analyst Sherri Scribner attributes NetApp's earnings beat in Q2 to "good execution on the expense side" amid continued cost cutting. This overshadowed the secular headwinds facing the company, and its sales guidance seems optimistic, Scribner tells investors in a post-earnings research note. She continues to lack conviction that NetApp will be able to return to growth in FY18. The analyst keeps a Sell rating on the shares with a $25 price target.
11/17/16
MAXM
11/17/16
DOWNGRADE
Target $43
MAXM
Hold
Follow-up: NetApp downgraded to Hold on valuation at Maxim
As previously reported, Maxim downgraded NetApp to Hold from Buy. Analyst Nehal Chokshi views shares as fairly valued and raised his price target to $43 from $40.
11/17/16
MAXM
11/17/16
DOWNGRADE
MAXM
Hold
NetApp downgraded to Hold from Buy at Maxim
11/17/16
11/17/16
UPGRADE
Target $52

Buy
NetApp upgraded to Buy on continued transition progress at Drexel Hamilton
As previously reported, Drexel Hamilton analyst Brian White upgraded NetApp to Buy from Hold, saying that the company continues to demonstrate progress in its transition after its "solid" Q2 results and "strong" Q3 guidance. Additionally, the tone of the company's earnings call was upbeat, White tells investors. Given the report and management commentary, he increased his pro forma EPS estimate for FY17 and raised his price target on the stock to $52 per share.
PLCE Children's Place
$99.45

0.25 (0.25%)

11/14/16
BOFA
11/14/16
UPGRADE
Target $92
BOFA
Buy
Children's Place upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst Stephen Albert upgraded Children's Place two notches to Buy from Underperform and raised its price target to $92 from $68. The analyst expects a new Head of Design to drive positive comps and a new inventory systems to drive margin upside, with a majority of free cash flow to be used for buybacks. Albert raised his Q3 comp growth estimate to 4% from 2%, versus consensus of 2%, following Bloomberg SpendTrend data for Children's and Infant's Wear Stores that indicates Q3 acceleration of 4.3% versus +1.4% in Q2.
05/18/16
05/18/16
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. Tesla (TSLA) upgraded to Buy from Neutral at Goldman Sachs by analyst Patrick Archambault, who says investor expectations "seem more grounded" with Tesla shares down 23% since the unveiling of the Model 3. His six-month price target for the stock is unchanged at $250. Archambault admits the near-term share catalysts are less than before with the next Model 3 update potentially not until next year, but says that the current valuation does not fully capture Tesla's "disruptive potential." 2. Children's Place (PLCE) upgraded to Buy from Neutral at Goldman Sachs by analyst Taposh Bari, who says the 15% pullback in shares since the April highs creates an opportunity to build positions. Greater inventory efficiency, lower product costs and store closures create a "credible path" to $6 in earnings per share by 2018, Bari says. 3. Equity Residential (EQR) upgraded to Buy from Neutral by Janney Capital analyst Robert Stevenson, who sets a $78 fair value estimate on the stock, which includes the $3 special dividend to be paid in the second half of the year. Stevenson cites the stock's attractive valuation versus its apartment peers and its 3.2% common dividend yield for the upgrade. 4. Exxon Mobil (XOM) upgraded to Buy from Hold at Argus. As reasons for the upgrade, the firm cited what it sees as the company's "diverse asset base, secure dividend, strong cost controls, and favorable valuation relative to peers." 5. HollyFrontier (HFC) upgraded to Outperform from Sector Perform by Scotia Howard Weil analyst Blake Fernandez. The analyst, who has a $38 price target on the stock, cites attractive valuation and a yield of approximately 4.7% for the upgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here
09/21/16
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.
09/21/16
PIPR
09/21/16
DOWNGRADE
Target $88
PIPR
Neutral
Children's Place downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Stephanie Wissink downgraded Children's Place to Neutral saying her firm's recent survey of moms pointed to a "step down" in mindshare. In Piper's annual survey of 450 moms, Children's Place garnered 6% of overall share, declining 500 basis points year-over-year and 200 basis points since Spring 2016. Wissink says the results "shaken" her near-term confidence in the retailer's pace and timeline of margin improvement. She cut her price target for the shares to $88 from $99.
MRVL Marvell
$14.80

1.44 (10.78%)

11/18/16
SUSQ
11/18/16
UPGRADE
Target $17
SUSQ
Positive
Marvell upgraded to Positive at Susquehanna
As reported previously, Susquehanna analyst Christopher Rolland upgraded Marvell to Positive form Neutral. In a previous note, the analyst called Marvell his top takeout candidate. Rolland feels the company could make a few adjustments to its business to unlock additional earnings power and now sees a $17 takeout price as achievable.
11/03/16
BMUR
11/03/16
NO CHANGE
Target $16
BMUR
Buy
Marvell operating expense cuts impressive, says Brean Capital
Brean Capital analyst Mike Burton said he is impressed with Marvell's follow through on its plans to drive returns to patient shareholders by cutting operating expenses. The analyst added the stock to the firm's top pick list as he believes they are a good "special situation" for investors as the company re-aligns its margin profile. Burton reiterated his Buy rating and raised his price target to $16 from $15 on Marvell shares.
10/28/16
CHLM
10/28/16
NO CHANGE
CHLM
Logical buyers of Marvell are Skyworks,Texas Instruments, says Craig-Hallum
Craig Hallum analyst Christian Schwab commented on reports that Marvell (MRVL) is close to hiring Goldman Sachs after rebuffing China bids. Excluding Qualcomm (QCOM) after its purchase of NXP Semiconductors (NXPI) and Lenovo and HiSilicon as Chinese buyers, Schwab said this leaves Skyworks (SWKS) and Texas Instruments (TXN) on his list as logical buyers of Marvell. He believes shares could fetch north of $20 in a takeout, above his $17.50 price target. The analyst has a Buy rating on Marvell shares.
11/18/16
SUSQ
11/18/16
UPGRADE
SUSQ
Positive
Marvell upgraded to Positive from Neutral at Susquehanna
ROST Ross Stores
$68.00

2.47 (3.77%)

11/18/16
RHCO
11/18/16
NO CHANGE
RHCO
Ross Stores guidance looks conservative, says SunTrust
SunTrust analyst Pamela Quintiliano says that Ross Stores reported "impressive" Q3 results, and she says that its slightly below consensus Q4 EPS guidance will prove to be conservative. The analyst reiterates a $75 price target and an Outperform rating on the shares.
11/18/16
COWN
11/18/16
NO CHANGE
Target $74
COWN
Outperform
Ross Stores price target raised to $74 from $67 at Cowen
Cowen analyst Oliver Chen raised his price target on Ross Stores to $74 from $67 following solid Q3 results. The analyst cited is comp momentum and traffic and basket increases across all geographies. Chen reiterated his Outperform rating on Ross Stores shares.
06/08/16
WELS
06/08/16
NO CHANGE
WELS
Ross Stores weakness creates buying opportunity, says Wells Fargo
After meeting with Ross Stores' CFO, Wells Fargo says the company "has its arms around" last quarter's execution issue within the ladies apparel category that caused it to underperform versus its peers. The firm says that the company's other categories are outperforming, and Wells continues to recommend buying the stock. It keeps a $58-$60 price target and Outperform rating on the shares.
09/30/16
GUGG
09/30/16
INITIATION
GUGG
Buy
Ross Stores initiated with a Buy at Guggenheim
Guggenheim analyst Robert Drbul initiated Ross Stores with a Buy and a $70 price target. He believes the off-price sector should continue to gain market share due to shifts in both vendor and consumer preferences and expects Ross to be one of the main beneficiaries.
NUAN Nuance
$16.91

1.36 (8.75%)

04/15/16
04/15/16
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. Alibaba (BABA) initiated with a Buy at Needham. 2. Compass Point initiated American Express (AXP) and Verifone (PAY) with a Buy, while it initiated Mastercard (MA), Visa (V), PayPal (PYPL) and Square (SQ) with a Neutral. 3. Nuance (NUAN) initiated with an Equal Weight at Barclays. 4. United Natural Foods (UNFI) initiated with a Market Perform at Wells Fargo. 5. GoDaddy (GDDY) initiated with a Neutral at B. Riley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/11/16
OPCO
05/11/16
NO CHANGE
Target $26
OPCO
Outperform
Oppenheimer remains a buyer of Nuance despite mixed results
Oppenheimer analyst Shaul Eyal says Nuance reported Q2 revenue at the lower end of guidance and EPS above estimates, but trimmed its revenue guidance for 2016 reflecting an ongoing shift in the healthcare division to cloud and recurring models and the weakening mobile handset business. The analyst hopes Q2 revenue results and guidance are a "minor bump" not indicative of future revenue performance, but notes that the trimmed revenue guide, while not dramatic, is "slightly discouraging." Eyal reiterates an Outperform rating and $26 price target on the shares.
08/09/16
ADAM
08/09/16
NO CHANGE
Target $20
ADAM
Buy
Nuance results choppy, but growth likely ahead, says Canaccord
Canaccord noted Nuance reported "mediocre" Q3 results, as expected, but they saw signs of continued progress in its business. The firm said management alluded to several large deals in its pipeline, continued cost controls to drive margin expansion, and a resumption of organic growth in 2017. Canaccord reiterated its Buy rating and $20 price target on Nuance shares.
11/18/16
RAJA
11/18/16
UPGRADE
RAJA
Strong Buy
Nuance upgraded to Strong Buy from Outperform at Raymond James
TJX TJX
$77.73

0.63 (0.82%)

08/17/16
WELS
08/17/16
NO CHANGE
WELS
TJX 'bull thesis still in play,' says Wells Fargo
After TJX yesterday reported stronger than expected Q2 results but provided lower than expected Q3 guidance and the stock fell nearly 6%, Wells Fargo says that the wage pressures cited by the company are not worrisome. The firm thinks that the company's "top line fundamentals remains some of the strongest" in its sector Wells expects analysts to reduce their estimates for the company due to the wage pressures, but it recommends buying the shares "on any prolonged pullback" and keeps an Outperform rating.
11/16/16
RHCO
11/16/16
NO CHANGE
RHCO
TJX guidance conservative, says SunTrust
After TJX reported better than expected Q3 results, SunTrust analyst Pamela Quintiliano calls the results "solid." The analyst notes that the company's Q4 EPS guidance came in below expectations, but, based on store checks and her confidence in the company's initiatives, she thinks that its guidance will prove to be conservative. The analyst recommends buying the stock on weakness and keeps a $90 price target on the name,.
09/30/16
GUGG
09/30/16
INITIATION
GUGG
Buy
TJX coverage assumed with a Buy at Guggenheim
Guggenheim analyst Robert Drbul assumed coverage on TJX with a Buy and an $85 price target. He believes the off-price sector should continue to gain market share due to shifts in both vendor and consumer preferences and expects TJX to be one of the main beneficiaries.
08/17/16
RHCO
08/17/16
NO CHANGE
RHCO
TJX should be bought on weakness, says SunTrust
After TJX yesterday reported stronger than expected Q2 results but provided lower than expected Q3 guidance and the stock fell nearly 6%, SunTrust analyst Pamela Quintiliano says that the company's guidance is conservative. She noted that the company's results so far this quarter have been "solid," and says that it is well-positioned for continued market share gains. The analyst recommends buying the stock on weakness.
SBH Sally Beauty
$26.22

-0.64 (-2.38%)

11/01/16
OPCO
11/01/16
NO CHANGE
Target $29
OPCO
Outperform
Sally Beauty price target lowered to $29 from $35 at Oppenheimer
Oppenheimer analyst Rupesh Parikh lowered his price target for Sally Beauty to $29 from $35 ahead of results, citing ongoing expenses pressures and sluggish Sally Beauty Supply segment growth. After making progress in Q1, the analyst believes the company has taken a few steps back due to disruption associated with the meaningful store changes, marketing missteps, and the recent CFO resignation. Nonetheless, Parikh still views the risk/reward as attractive at current levels and reiterates an Outperform rating on the shares.
11/15/16
RAJA
11/15/16
DOWNGRADE
RAJA
Underperform
Sally Beauty downgraded to Underperform from Market Perform at Raymond James
Raymond James downgraded Sally Beauty to Underperform citing another quarter of disappointing results as all metrics were below expectations.
08/05/16
BARD
08/05/16
NO CHANGE
Target $32
BARD
Outperform
Sally Beauty weakness a buying opportunity, says Baird
Baird analyst Mark Altschwager noted Sally Beauty reported in-line earnings but weaker than feared results in its retail segment. The analyst said Sally's self-recovery story has been slower to gain traction than hoped, which has resulted in a more conservative earnings outlook and a valuation that reflects a slower growth scenario. Altschwager believes the selloff presents a good buying opportunity for patient investors and reiterated his Outperform rating on the stock, while lowering his price target to $32 from $34 on Sally Beauty shares.
09/29/16
BARD
09/29/16
NO CHANGE
BARD
Outperform
Sally Beauty CFO departure likely to further raise investor anxiety, says Baird
Baird analyst Mark Altschwager acknowledged that the "abrupt nature" of the resignation of Sally Beauty CFO Mark Flaherty, who gave only two days notice, is likely to "further raise investor anxiety" ahead of earnings due out November 9, but added that he does not have any reason to believe Flaherty's resignation is due to disagreements with the company or that it reflects Q4 fundamentals. The analyst, who said the stock will "require patience," keeps an Outperform rating on Sally Beauty shares.
DKS Dick's Sporting
$58.02

-0.76 (-1.29%)

11/02/16
WEDB
11/02/16
INITIATION
Target $65
WEDB
Outperform
Dick's Sporting initiated with an Outperform at Wedbush
Wedbush analyst Christopher Svezia initiated Dick's Sporting Goods with an Outperform and a $65 price target.
11/16/16
ADAM
11/16/16
NO CHANGE
Target $70
ADAM
Buy
Dick's Sporting weakness a buying opportunity, says Canaccord
Canaccord analyst Camilo Lyon noted Dick's Sporting reported strong Q3 results but noted shares were down roughly 7% following its report. The analyst said results show his thesis is playing out and recommends buying the shares on weakness. Lyon believes shares were lower due to conservative guidance and vague commentary on expenses, but sees the drivers remaining in place for comparable sales growth acceleration. Camilo reiterated his Buy rating and $70 price target on Dick's Sporting shares.
11/16/16
RBCM
11/16/16
NO CHANGE
RBCM
Dick's Sporting shares should be bought on weakness, says RBC Capital
RBC Capital analyst Scot Ciccarelli notes that Dick's Q4 guidance indicates that the company's business is slowing. He blames the weakness on unseasonably warm weather. However, he thinks that the company will continue to benefit from closures of competing stores, and he recommends buying the stock on weakness.
11/02/16
11/02/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Alcoa (AA) initiated with a Neutral at Goldman and an Underperform at BofA/Merrill. 2. Everspin Technologies (MRAM) initiated with a Buy at Craig-Hallum, a Buy at Stifel, a Buy at Canaccord, and a Strong Buy at Needham. 3. Amazon.com (AMZN), Dick's Sporting (DKS), Foot Locker (FL), Finish Line (FINL), and Columbia Sportswear (COLM) were initiated with an Outperform at Wedbush while the firm initiated Nike (NKE) and DSW (DSW) with a Neutral. 4. FedEx (FDX) initiated with a Buy at Deutsche Bank while the firm initiated UPS (UPS) with a Hold. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
BETR Amplify Snack Brands
$9.84

-0.17 (-1.70%)

11/15/16
11/15/16
DOWNGRADE
Target $13

Neutral
Amplify Snack Brands downgraded to Neutral on Q3 missteps at Credit Suisse
As previously reported, Credit Suisse downgraded Amplify Snack Brands to Neutral and lowered its price target to $13 from $18. Analyst Robert Moskow said the Q3 miss and lowered guidance was a result of a series of execution missteps that will require bigger investments, in addition to increased competitive headwinds that raises concerns about the sustainability of the growth rate.
11/15/16
RHCO
11/15/16
NO CHANGE
RHCO
Amplify Snack price target lowered to $15 from $18 at SunTrust
SunTrust analyst William Chappell, Jr.cut his price target on Amplify Snack Brands after the company reported lower than expected Q3 EPS and cut its full-year EPS guidance. The analyst remains upbeat on the company's long-term outlook and keeps a Buy rating on the shares. However, he expects the shares to be "in check" for the rest of 2016.
11/15/16
11/15/16
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. FedEx (FDX) downgraded to Hold from Buy at Stifel with analyst David Ross citing valuation, as well as concerns about the "still-fragile global economic environment" and the integration of its TNT acquisition. 2. Abercrombie & Fitch (ANF) downgraded to Underperform at FBR Capital while the firm also downgraded American Eagle (AEO) to Market Perform from Outperform. 3. Amplify Snack Brands (BETR) downgraded to Perform from Outperform at Oppenheimer and to Neutral from Outperform at Credit Suisse. 4. BP (BP) downgraded to Outperform from Buy at CLSA while the firm also downgraded ConocoPhillips (COP) to Underperform from Outperform. 5. Cheesecake Factory (CAKE) downgraded to Hold from Buy at Maxim with analyst Stephen Anderson saying he sees the company's above-peer comps, market share gains, and solid new unit development prospects as being priced in after the 22% jump in the stock from its late October low. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/16
FBCO
11/15/16
DOWNGRADE
FBCO
Neutral
Amplify Snack Brands downgraded to Neutral from Outperform at Credit Suisse
CSCO Cisco
$30.15

0.1 (0.33%)

11/18/16
STFL
11/18/16
INITIATION
STFL
Hold
Cisco coverage resumed with a Hold at Stifel
Stifel analyst Aaron Rakers resumed coverage of Cisco with a Hold rating, saying that he thinks that the stock is nearing its fair value. Target $34.
11/17/16
FBCO
11/17/16
NO CHANGE
Target $25
FBCO
Underperform
Cisco has limited upside from here, says Credit Suisse
Credit Suisse analyst Kulbinder Garcha sees limited upside from here for Cisco shares and maintains his Underperform rating and $25 price target. The analyst said Cisco continues to struggle to grow its switching business and fears it faces increasing pressures, as the company continues to lose market share in the datacenter switching segment. Further, Garcha believes Cisco is running out of levers to offset switching declines and is concerned margins may have peaked, despite restructuring efforts.
11/17/16
OPCO
11/17/16
NO CHANGE
Target $34
OPCO
Outperform
Cisco disappointing guidance reflects product portfolio issues, says Oppenheimer
Oppenheimer analyst Ittai Kidron notes that Cisco reported in-line results, but its guidance was soft, with cautious commentary highlighting emerging market and service provider headwinds and a general hesitation to spend. The analyst believes the disappointing guidance also reflects several product portfolio issues that need to be addressed. Nonetheless, he says the company continues to demonstrate superior execution and is doing well repositioning around cloud/recurring revenue. Kidron remains positive long term on this shift, and reiterates an Outperform rating and $34 price target on the shares.
11/18/16
11/18/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cisco (CSCO) coverage resumed with a Hold at Stifel. 2. UPS (UPS) was initiated with an Outperform at BMO Capital while the firm initiated FedEx (FDX) with a Market Perform. 3. Synchrony (SYF) was initiated with an Overweight at Stephens. The firm also initiated American Express (AXP) and Discover (DFS) with an Underweight. 4. American Airlines (AAL), Delta Air Lines (DAL), Southwest (LUV) and Allegiant Travel (ALGT) were initiated with a Buy at Citi while the firm initiated JetBlue (JBLU), United Continental (UAL), Alaska Air (ALK), and Hawaiian Holdings (HA) with a Neutral. 5. Juniper (JNPR) coverage resumed at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GPS Gap
$25.61

-5.1 (-16.61%)

11/18/16
SBSH
11/18/16
DOWNGRADE
Target $25
SBSH
Sell
Gap downgraded to Sell from Neutral at Citi
Citi analyst Paul Lejuez downgraded Gap to Sell on expectations the company's brands will continue to struggle. Gap's Q4 is off to a weak start and the prospect of lower taxes under a Trump administration is unlikely to help the company as much as other retailers, Lejuez tells investors in a research note. He points out that the Gap Brand's turnaround "is at least 10 years in the making." The analyst cut his price target for the shares to $25 from $27.
11/18/16
BARD
11/18/16
NO CHANGE
Target $28
BARD
Neutral
Gap risk/reward balanced at current levels, says Baird
Baird analyst Mark Altschwager noted Gap's Q3 results were mixed, as the company reported in-line earnings but a big gross margins beat. The analyst said the gross margins beat was due to one-time factors and that cautious guidance suggested a Q4 retrenchment in margins. With its recent share price appreciation, Altschwager feels the risk/reward is balanced. Altschwager maintained his Neutral rating and $28 price target on Gap shares.
11/18/16
JEFF
11/18/16
NO CHANGE
Target $36
JEFF
Buy
Gap price target raised to $36 from $32 at Jefferies
Jefferies analyst Randal Konik raised his price target for Gap to $36 saying the retailer's Q3 results point to a bottoming in fundamentals. The analyst views the Q4 guidance as conservative and expects Gap's "gradual improvement" to continue. He reiterates a Buy rating on the shares. Citi this morning downgraded Gap to Sell.
11/18/16
11/18/16
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 Underperform from Market Perform at BMO Capital with analyst James Fotheringham saying that the shares don't reflect the impact of its "recent cross-selling issues." 2. Gap (GPS) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez citing expectations that the company's brands will continue to struggle. 3. Citi (C) downgraded to Neutral from Outperform at Macquarie with analyst David Konrad saying investors should shift exposure to names that have more leverage to capital markets and increased economic activity and away from global banks. 4. Torchmark (TMK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Seth Weiss citing relative valuation. 5. First Solar (FSLR) downgraded to Sell from Neutral at UBS with analyst Julien Dumoulin-Smith saying the recently issued 2017 guidance "is not the trough in expectations." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ANF Abercrombie & Fitch
$14.60

-2.33 (-13.76%)

11/15/16
FBRC
11/15/16
DOWNGRADE
Target $19
FBRC
Market Perform
American Eagle downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Susan Anderson downgraded American Eagle (AEO) to Market Perform citing heightened promotional trends. The analyst cut her price target for the shares to $19 from $22. Anderson this morning also downgraded Francesca's (FRAN) and Abercrombie & Fitch (ANF) to Underperform from Market Perform.
11/15/16
FBRC
11/15/16
DOWNGRADE
Target $14
FBRC
Underperform
Abercrombie & Fitch downgraded to Underperform at FBR Capital
FBR Capital analyst Susan Anderson downgraded Abercrombie & Fitch to Underperform from Market Perform citing heightened promotional trends and an unattractive risk/reward profile. The analyst cut her price target for the shares to $14 from $19.
11/14/16
11/14/16
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. AB InBev (BUD) downgraded to Hold from Buy at HSBC with analyst Anthony Bucalo citing business pressures in the U.S. and Brazil as well as uncertainty post the U.S. election. 2. Abercrombie (ANF) and American Eagle (AEO) downgraded to Peer Perform from Outperform at Wolfe Research. 3. Capital One (COF) downgraded to Hold from Buy at Stifel with analyst Christopher Brendler saying he believes that the stock has become less attractive following its recent rally, and he thinks that changes made by the Trump Administration won't be felt by the company "for years." 4. SeaWorld (SEAS) downgraded to Neutral from Buy at Citi with analyst Jason Bazinet saying the risk/reward is no longer compelling following the recent bounce in the shares. 5. Viacom (VIAB) downgraded to Hold from Buy at Brean Capital with analyst Alan Gould questioning the "true synergies" between Viacom and CBS (CBS) and believes combining the two companies does not maximize value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
HIBB Hibbett Sports
$40.40

-4.9 (-10.82%)

11/18/16
SIDC
11/18/16
DOWNGRADE
SIDC
Neutral
Hibbett Sports downgraded to Neutral from Buy at Sidoti
08/12/16
08/12/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Consolidated Edison (ED) initiated with a Neutral at Citi. 2. Dick's Sporting (DKS), Foot Locker (FL), Hibbett Sports (HIBB), Steven Madden (SHOO), and Under Armour (UA) initiated with a Positive at Susquehanna. 3. Crocs (CROX), Deckers Brands (DECK), and Skechers (SKX) initiated with a Neutral at Susquehanna. 4. Wolverine World Wide (WWW) initiated with a Negative at Susquehanna. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/11/16
SUSQ
08/11/16
INITIATION
Target $45
SUSQ
Positive
Hibbett Sports initiated with a Positive at Susquehanna
Susquehanna analyst Sam Poser initiated Hibbett Sports with a Positive rating and $45 price target.
06/24/16
STFL
06/24/16
INITIATION
STFL
Hold
Hibbett Sports coverage resumed with a Hold at Stifel

TODAY'S FREE FLY STORIES

MTN

Vail Resorts

$160.92

-1.81 (-1.11%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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MON

Monsanto

$104.70

-0.71 (-0.67%)

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Washington sues Monsanto over PCB contamination »

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USAC

USA Compression

$18.01

-0.14 (-0.77%)

20:15
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USA Compression 4.5M share Spot Secondary priced at $16.25 »

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ICHR

Ichor Holdings

20:11
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Ichor Holdings 5.9M share IPO priced at $9.00 »

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GOOG

Alphabet

$776.42

5.23 (0.68%)

, GOOGL

Alphabet Class A

$795.17

3.7 (0.47%)

19:53
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Periodicals
YouTube-NMPA settlement estimated at over $40M, NY Times says »

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GOOG

Alphabet

$776.42

5.23 (0.68%)

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$795.17

3.7 (0.47%)

SNE

Sony

$29.16

0.55 (1.92%)

VIVHY

Vivendi

$18.83

-0.455 (-2.36%)

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  • 15

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GOOG

Alphabet

$776.42

5.23 (0.68%)

, GOOGL

Alphabet Class A

$795.17

3.7 (0.47%)

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Hot Stocks
YouTube reaches agreement to pay out unclaimed song royalties »

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Alphabet

$776.42

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GOOGL

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$795.17

3.7 (0.47%)

SNE

Sony

$29.16

0.55 (1.92%)

VIVHY

Vivendi

$18.83

-0.455 (-2.36%)

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  • 15

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ATH

Athene Holding

19:33
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Athene Holding 27M share IPO priced at $40.00 »

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  • 09

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MMM

3M

$175.88

-0.17 (-0.10%)

19:29
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3M to sell identity management business to Gemalto for $850M »

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  • 13

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SMI

SMIC

$5.99

-0.54 (-8.27%)

19:24
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SMIC announces 10-for-1 reverse stock split »

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VTR

Ventas

$62.61

0.41 (0.66%)

19:10
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Ventas raises quarterly dividend 6% to 77.5c per share »

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WFC

Wells Fargo

$57.29

0.01 (0.02%)

19:08
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12/08
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19:08
Periodicals
Wells Fargo chairman appointed to sales investigation committee, Reuters says »

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  • 08

    Dec

WFC

Wells Fargo

$57.29

0.01 (0.02%)

19:03
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19:03
Periodicals
Former Wells Fargo managers file suit over fake accounts, Bloomberg reports »

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  • 08

    Dec

EIX

Edison International

$69.44

-0.17 (-0.24%)

18:42
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Hot Stocks
Edison International raises annual dividend 13% to $2.17 per share »

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PLM

PolyMet Mining

$0.87

0.0001 (0.01%)

18:24
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Earnings
Breaking Earnings news story on PolyMet Mining »

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MTCH

Match Group

$18.38

0.18 (0.99%)

18:24
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Match Group launches 'Swipe Ventures,' says Tinder CEO to step down »

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BIIB

Biogen

$289.54

4.24 (1.49%)

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  • 08

    Dec

HIVE

Aerohive

$5.41

0.18 (3.44%)

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ENLK

EnLink Midstream Partners

$17.45

0.2 (1.16%)

, ENLC

EnLink Midstream

$18.20

0.1 (0.55%)

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Outrigger Energy nears sale to midstream services provider, Forbes says »

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ENLK

EnLink Midstream Partners

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TRGP

Targa Resources

$54.20

0.38 (0.71%)

ETP

Energy Transfer Partners

$35.13

0.55 (1.59%)

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POST

Post Holdings

$78.65

0.96 (1.24%)

18:02
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Hot Stocks
Post Holdings settles egg antitrust class action claims »

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ENZN

Enzon

$0.44

-0.0027 (-0.62%)

17:54
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17:54
Hot Stocks
Icahn says enters standstill pact with Enzon »

In an amended filing on…

03/08/13
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LDOS

Leidos

$52.27

0.15 (0.29%)

17:53
12/08/16
12/08
17:53
12/08/16
17:53
Hot Stocks
Leidos awarded $350M government contract »

Leidos, Reston, Virginia,…

03/08/13
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DDC

Dominion Diamond

$10.27

0.21 (2.09%)

17:50
12/08/16
12/08
17:50
12/08/16
17:50
Hot Stocks
Dominion Diamond sees FY17 production at Ekati diamond mine 4.5M carats »

Sees FY17 Ekati diamond…

03/08/13
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  • 09

    Dec

FNSR

Finisar

$34.13

1.89 (5.86%)

, AVGO

Broadcom

$170.71

2.16 (1.28%)

17:49
12/08/16
12/08
17:49
12/08/16
17:49
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

FNSR

Finisar

$34.13

1.89 (5.86%)

AVGO

Broadcom

$170.71

2.16 (1.28%)

GLPG

Galapagos NV

$58.95

0.71 (1.22%)

XTLY

Xactly

$14.35

0.35 (2.50%)

RH

Restoration Hardware

$38.99

1.05 (2.77%)

DLTH

Duluth Holdings

$37.04

3.09 (9.10%)

NCS

NCI Building

$17.85

0.6 (3.48%)

FRED

Fred's

$10.84

0.15 (1.40%)

USAC

USA Compression

$18.01

-0.14 (-0.77%)

FRO

Frontline

$7.71

0.37 (5.04%)

WSM

Williams-Sonoma

$56.90

0.61 (1.08%)

03/08/13
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  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 09

    Dec

  • 13

    Dec

  • 14

    Dec

  • 09

    Dec

ESRX

Express Scripts

$70.75

-5.1 (-6.72%)

, ANTM

Anthem

$146.61

1.41 (0.97%)

17:48
12/08/16
12/08
17:48
12/08/16
17:48
Hot Stocks
Citron's Andrew Left: 'By no means' calling Express Scripts a fraud or zero »

Speaking in a CNBC…

ESRX

Express Scripts

$70.75

-5.1 (-6.72%)

ANTM

Anthem

$146.61

1.41 (0.97%)

CVS

CVS Health

$78.11

-2.42 (-3.01%)

03/08/13
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  • 15

    Dec

DDC

Dominion Diamond

$10.27

0.21 (2.09%)

17:45
12/08/16
12/08
17:45
12/08/16
17:45
Earnings
Dominion Diamond reports Q3 EPS 34c with items, consensus (32c) »

Reports Q3 revenue…

03/08/13
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  • 09

    Dec

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