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HAR

Harman

$109.35

0.05 (0.05%)

, SSNLF

Samsung

13:32
11/20/16
11/20
13:32
11/20/16
13:32

Harman investors should consider Delphi, Barron's says

Samsung's (SSNLF) proposed acquisition of Harman (HAR) "makes plenty of sense," Barron's contends in a 'Follow Up' column, adding that investors looking for a replacement stock should consider the relatively inexpensive Delphi (DLPH). Reference Link

HAR

Harman

$109.35

0.05 (0.05%)

SSNLF

Samsung

DLPH

Delphi

$68.19

0.14 (0.21%)

HAR Harman
$109.35

0.05 (0.05%)

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.
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.
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
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.
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.
DLPH Delphi
$68.19

0.14 (0.21%)

11/09/16
11/09/16
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. JPMorgan (JPM) downgraded to Neutral from Outperform at Baird with analyst David George noting the stock's outperformance and the higher re-rating of its valuation multiple. 2. GoPro (GPRO) downgraded to Neutral from Outperform at Wedbush, to Market Perform from Outperform at Raymond James, and to Sell from Neutral at Dougherty. 3. Universal Health (UHS) downgraded to Neutral from Buy at BofA/Merrill, to Neutral from Buy at Mizuho, and to Market Perform from Outperform at Avondale. 4. Globus Medical (GMED) downgraded to Market Perform from Outperform at JMP Securities, to Perform from Outperform at Oppenheimer, and to Market Perform from Outperform at William Blair. 5. Delphi (DLPH) and Magna (MGA) were downgraded to Underperform from Buy at BofA/Merrill while the firm downgraded Lear (LEA), American Axle (AXL), Adient (ADNT), and BorgWarner (BWA) to Underperform from Neutral. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/09/16
BOFA
11/09/16
DOWNGRADE
BOFA
Underperform
Delphi downgraded to Underperform from Buy at BofA/Merrill
10/20/16
PIPR
10/20/16
NO CHANGE
Target $60
PIPR
Overweight
Piper keeps positive view of Mobileye amid Tesla self-driving 'noise'
Piper Jaffray analyst Alexander Potter noted that last night Tesla (TSLA) announced plans to begin installing hardware to enable "Level-5" self-driving on all of its vehicles and he thinks the "knee-jerk reaction amongst investors" may be to sell Mobileye (MBLY) shares. However, Potter contends that last night's news seems like an attempt by Tesla to "stay in the self-driving spotlight" and is not a real breakthrough and believes the market will prefer the safer, more measured approach championed by Mobileye and partners such as Delphi (DLPH) and WABCO (WBC). Potter keeps an Overweight rating and $60 price target on Mobileye shares.
11/09/16
BOFA
11/09/16
DOWNGRADE
Target $60
BOFA
Underperform
Delphi downgraded to Underperform on NAFTA exposure at BofA/Merrill
As previously reported, BofA/Merrill downgraded Delphi two notches to Underperform from Buy and cut its price target to $60 from $80. Analyst John Murphy said the Trump victory and Republican sweep of Congress will result in a "significant" disruption in auto volumes given Trump's goal to renegotiate NAFTA and other relationships. Murphy said Delphi has 30%+ sales exposure to Mexico and a massive restructure or elimination of NAFTA would have "far reaching" repercussions on the US auto industry, potentially freezing close to 5M vehicles imported/exported between the US, Canada, and Mexico.

TODAY'S FREE FLY STORIES

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NXTM

NxStage Medical

$23.46

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BL

BlackLine

$37.80

-0.26 (-0.68%)

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ULTI

Ultimate Software

$221.91

-0.25 (-0.11%)

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CRM

Salesforce

$88.11

-0.51 (-0.58%)

20:56
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EVBG

Everbridge

$24.66

-0.3 (-1.20%)

20:56
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RNG

RingCentral

$37.65

-1 (-2.59%)

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WK

Workiva

20:56
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06/26
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Workiva initiated at SunTrust »

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HUBS

HubSpot

$68.20

-0.7 (-1.02%)

20:56
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Initiation
HubSpot initiated at SunTrust »

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HUBS

HubSpot

$68.20

-0.7 (-1.02%)

20:55
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Initiation
HubSpot initiated at SunTrust »

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QTWO

Q2 Holdings

20:55
06/26/17
06/26
20:55
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20:55
Initiation
Q2 Holdings initiated at SunTrust »

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  • 27

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INST

Instructure

$29.55

0.4 (1.37%)

20:55
06/26/17
06/26
20:55
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Initiation
Instructure initiated at SunTrust »

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  • 28

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MANH

Manhattan Associates

20:55
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06/26
20:55
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Initiation
Manhattan Associates initiated at SunTrust »

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PCTY

Paylocity

$47.39

-1.65 (-3.36%)

20:55
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06/26
20:55
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Initiation
Paylocity initiated at SunTrust »

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SHOP

Shopify

$92.04

-2.44 (-2.58%)

20:55
06/26/17
06/26
20:55
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20:55
Initiation
Shopify initiated at SunTrust »

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LH

LabCorp

$152.30

0.68 (0.45%)

20:10
06/26/17
06/26
20:10
06/26/17
20:10
Downgrade
LabCorp rating change at KeyBanc »

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ATXI

Avenue Therapeutics

20:06
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06/26
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Syndicate
Avenue Therapeutics 5.5M share IPO priced at $6.00 »

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  • 27

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NXPI

NXP Semiconductors

$109.73

-0.25 (-0.23%)

20:05
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PDCE

PDC Energy

$42.88

-1.84 (-4.11%)

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MRIN

Marin Software

$1.18

0.025 (2.17%)

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GM

General Motors

$34.52

0.32 (0.94%)

19:15
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Earnings
General Motors: Previous FY17 EPS view unchanged »

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GM

General Motors

$34.52

0.32 (0.94%)

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BLKB

Blackbaud

$89.25

-0.25 (-0.28%)

, CST

CST Brands

$48.54

0.18 (0.37%)

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-0.25 (-0.28%)

CST

CST Brands

$48.54

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NSA

National Storage

$22.63

0.22 (0.98%)

ANCUF

Alimentation Couche-Tard

$48.08

1.9887 (4.31%)

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GM

General Motors

$34.52

0.32 (0.94%)

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