Breaking News Instant updates and real-time market news.

HW

Headwaters

$20.09

-0.12 (-0.59%)

, SYMC

Symantec

$23.75

-0.08 (-0.34%)

21:09
11/20/16
11/20
21:09
11/20/16
21:09

On The Fly: Top five weekend stock stories

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Building products company Headwaters (HW) reached an agreement to be acquired by Australia's Boral for $24.25 per share in cash, representing a 21% premium to its last closing price. Elsewhere in M&A, Symantec (SYMC) reportedly reached a deal to buy identity theft protection company LifeLock (LOCK), with Bloomberg first pinning the price at $2.4B and the Wall Street Journal later reporting a $2.3B figure. 2. In addition to Facebook's (FB) announcement Friday evening of a $6B share repurchase plan and the departure of accounting chief Jas Athwal, CEO Mark Zuckerberg took to his own social media platform Saturday to give an update on the "fake news" issue, outlining several projects aimed at lessening the problem. 3. Wells Fargo (WFC), which last week reported a 44% dip in new account openings amid what it termed "customer reaction" to its sales practice scandal, received intensified management and compensation restrictions from the Office of the Comptroller of the Currency on Friday. 4. Time Warner (TWX) subsidiary Warner Bros. revived the Harry Potter cinematic brand this weekend, debuting "Fantastic Beasts And Where To Find Them" to healthy ticket sales and above-average reviews. The film is the first in a five-movie series the studio plans to release in coming years. 5. CarMax (KMX), Astronics (ATRO), United (UAL), Delphi (DLPH), Spirit Airlines (SAVE), NVIDIA (NVDA) and AMD (AMD) saw positive calls in Barron's, while Esterline (ESL) was discussed more negatively.

HW

Headwaters

$20.09

-0.12 (-0.59%)

SYMC

Symantec

$23.75

-0.08 (-0.34%)

LOCK

LifeLock

$20.75

0.03 (0.14%)

FB

Facebook

$117.02

-0.77 (-0.65%)

WFC

Wells Fargo

$52.82

0.33 (0.63%)

TWX

Time Warner

$91.35

0.66 (0.73%)

KMX

CarMax

$55.23

-0.47 (-0.84%)

ATRO

Astronics

$35.32

0.26 (0.74%)

UAL

United Continental

$68.29

0.43 (0.63%)

DLPH

Delphi

$68.19

0.14 (0.21%)

SAVE

Spirit Airlines

$53.74

-0.13 (-0.24%)

NVDA

NVIDIA

$93.36

0.97 (1.05%)

AMD

AMD

$8.71

0.25 (2.96%)

ESL

Esterline

$84.20

-1.6 (-1.86%)

  • 21

    Nov

  • 22

    Nov

  • 28

    Nov

  • 29

    Nov

  • 05

    Dec

  • 23

    Feb

HW Headwaters
$20.09

-0.12 (-0.59%)

08/09/16
KING
08/09/16
DOWNGRADE
KING
Neutral
Headwaters downgraded to Neutral from Buy at CL King
CL King analyst Jim Barrett downgraded Headwaters to Neutral due to the dilutive acquisition of Krestmark Industries for $240M. The analyst does not believe Headwaters can accelerate Krestmark's sales growth, nor sees material synergies, and is concerned about the takeout multiple.
05/04/16
DADA
05/04/16
UPGRADE
Target $24
DADA
Buy
Headwaters upgraded to Buy from Neutral at DA Davidson
DA Davidson analyst Brent Thielman upgraded Headwaters to Buy due to the recent pullback in shares and business momentum and maintained its $24 price target.
04/29/16
04/29/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Aspen Technology (AZPN) reinstated with an Underweight at JPMorgan citing the challenging oil/energy environment weighing on demand. 2. Dick's Sporting (DKS) initiated with a Buy at MKM Partners. 3. Headwaters (HW) initiated with a Neutral at DA Davidson. 4. Hibbett Sports (HIBB) initiated with a Neutral at MKM Partners. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/13/16
JEFF
09/13/16
INITIATION
Target $21
JEFF
Buy
Headwaters initiated with a Buy at Jefferies
Jefferies analyst Philip Ng started Headwaters with a Buy rating and $21 price target. The analyst calls the company his top small cap pick with fly ash demand and pricing accelerating. He sees a favorable setup for Headwaters in 2017.
SYMC Symantec
$23.75

-0.08 (-0.34%)

10/13/16
FBNS
10/13/16
INITIATION
Target $29
FBNS
Outperform
Symantec initiated with an Outperform at FBN Securities
FBN Securities initiated Symantec with an Outperform and a $29 price target.
11/15/16
RBCM
11/15/16
NO CHANGE
RBCM
Symantec acquisition of LifeLock 'could make sense,' says RBC Capital
After Bloomberg reported that Symantec (SYMC) could bid for LifeLock (LOCK), RBC Capital analyst Ross MacMillan says he believes that Symantec is still working on integrating Blue Coat, and he notes that it recently launched a product that competes with LifeLock. However, he says that combining the products of Symantec and LifeLock to create improved offerings "could make some sense" and may boost the growth of Symantec's Norton product. The analyst thinks the deal could raise Symantec's fiscal 2019 EPS by 15c-35c. He keeps a $28 price target and an Outperform rating on Symantec.
10/13/16
10/13/16
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. Aaron's (AAN) initiated with a Buy at Jefferies. 2. eBay (EBAY) and Etsy (ETSY) coverage assumed with a Neutral at Wedbush. 3. Five Below (FIVE) and Dollar Tree (DLTR) were initiated with an Overweight at KeyBanc while the firm initiated Dollar General (DG) with a Sector Weight. 4. Baxter (BAX) initiated with an Outperform at Wells Fargo. 5. Symantec (SYMC) initiated with an Outperform at FBN Securities. 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
UBSW
09/16/16
NO CHANGE
Target $28
UBSW
Buy
Symantec price target raised to $28 from $25 at UBS
UBS analyst Brent Thill raised his price target on Symantec to $28 from $25 following meetings with management. The analyst said the meetings bolstered his bullish view, as he sees stronger technological resonance, plenty of revenue and cost synergies, and improved competitive positioning in the cyber landscape. Thill reiterated his Buy rating on Symantec shares.
LOCK LifeLock
$20.75

0.03 (0.14%)

11/14/16
ADAM
11/14/16
NO CHANGE
Target $23
ADAM
Buy
LifeLock takeout price undervalues company, says Canaccord
Canaccord analyst David Hynes noted the buyout rumor of LifeLock for roughly $2B that works out to about $22-$23 per shares. The analyst feels the price undervalues the company and that it is worth $25-$30 in a takeout. His recommendation however is based on an improving fundamental backdrop and not an M&A outcome. Hynes reiterated his Buy rating and raised his price target to $23 from $21 on LifeLock shares.
08/15/16
08/15/16
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. Symantec (SYMC) reinstated with a Buy at Goldman. 2. Diebold (DBD) resumed with a Neutral at JPMorgan. 3. LifeLock (LOCK) initiated with a Neutral at Goldman. 4. Patheon (PTHN) initiated with an Overweight at Piper Jaffray, an Outperform at Baird, an Overweight at JPMorgan, an Overweight at KeyBanc, a Buy at UBS, an Outperform at Wells Fargo, an Outperform at Raymond James, an Overweight at Morgan Stanley, and an Outperform at William Blair. 5. Impinj (PI) initiated with an Overweight at Piper Jaffray, an Outperform at RBC Capital, an Overweight at Pacific Crest, a Buy at Canaccord, and a Buy at Needham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/15/16
GSCO
08/15/16
INITIATION
Target $18
GSCO
Neutral
LifeLock initiated with a Neutral at Goldman
Goldman Sachs analyst Gabriela Borges started LifeLock with a Neutral rating and $18 price target.
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).
11/17/16
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."
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.
11/11/16
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.
WFC Wells Fargo
$52.82

0.33 (0.63%)

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.
11/17/16
RAFF
11/17/16
UPGRADE
RAFF
Hold
Wells Fargo upgraded to Hold from Sell at Rafferty Capital
11/18/16
BMOC
11/18/16
DOWNGRADE
BMOC
Underperform
Wells Fargo downgraded to Underperform from Market Perform at BMO Capital
11/18/16
BMOC
11/18/16
DOWNGRADE
BMOC
Underperform
Wells Fargo downgraded on valuiation at BMO Capital
As noted earlier, BMO Capital downgraded Wells Fargo to Underperform from Market Perform. Analyst James Fotheringham downgraded the stock based on valuation, saying that the shares don't reflect the impact of its "recent cross-selling issues." Target $47.
TWX Time Warner
$91.35

0.66 (0.73%)

11/17/16
11/17/16
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. Microsoft (MSFT) upgraded to Buy from Neutral at Goldman with analyst Heather Bellini saying Azure is the number two market share vendor in the cloud space, and has grown 100% or more year-over-year eight of the last 10 quarters. 2. Time Warner (TWX) upgraded to Buy from Sell at MoffettNathanson. 3. First Solar (FSLR) upgraded at JMP Securities with analyst Joseph Osha citing valuation. 4. KBR (KBR) upgraded to Buy from Neutral at BofA Merrill Lynch with analyst Anna Kaminskaya saying she expects structurally higher defense spending to drive a re-rating in KBR and sees less risk of cost overruns in the E&C business given lower reliance on fixed priced contracts and diversification into smaller sized service projects. 5. Liberty Interactive (QVCA) upgraded to Buy from Neutral at BofA Merrill Lynch with analyst Heather Balsky saying she has increased confidence in a return to positive US sales growth and expects multiple expansion as sales improve. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/07/16
11/07/16
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. Time Warner (TWX) upgraded to Outperform from Neutral at Credit Suisse with analyst Omar Sheikh citing attractive valuation. 2. Waste Management (WM) upgraded to Overweight from Equal Weight at Barclays with analyst Jon Windham saying the recent pullback in shares provides a buying opportunity given the company's "strong" underlying fundamentals. 3. Parker-Hannifin (PH) upgraded to Buy from Hold at Evercore ISI and to Overweight from Equal Weight at Morgan Stanley. 4. Biogen (BIIB) upgraded to Overweight from Neutral at Piper Jaffray with analyst Joshua Schimmer saying the company still has time to "get its act together to maximize the value of its SMA franchise, and stop being M&A disciplined/pipeline-undisciplined." 5. Cummins (CMI) upgraded to Buy from Hold at Evercore ISI with analyst David Raso citing lowered expectations, valuation, and accelerating inflation. 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
MOFT
11/17/16
UPGRADE
MOFT
Buy
Time Warner upgraded to Buy from Sell at MoffettNathanson
11/08/16
OPCO
11/08/16
DOWNGRADE
OPCO
Perform
AT&T downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Timothy Horan downgraded AT&T (T) to Perform saying CenturyLink's (CTL) dividend is "relatively more attractive." The analyst this morning upgraded CenturyLink to Outperform. Horan also believes AT&T's acquisition of Time Warner (TWX) will face higher regulatory hurtles than CenturyLink's deal for Level 3 (LVLT). He expects the Time Warner deal to take 15 months to complete versus nine months for the Level 3 acquisition.
KMX CarMax
$55.23

-0.47 (-0.84%)

10/24/16
10/24/16
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. Verizon (VZ) upgraded to Buy from Hold at Drexel Hamilton with analyst Barry Sine ting valuation, and expectations for earnings acceleration driven by wireless revenue growth, Internet of Things acquisitions, and reduced losses from strategic media investments. 2. 3M (MMM) upgraded to Overweight from Equal Weight at Barclays with analyst Scott Davis saying the negative earnings revision cycle is nearing an end and the recent pullback in the shares has created an attractive entry point. 3. CarMax (KMX) upgraded to Buy from Hold at Deutsche Bank with analyst Rod Lache saying the company should benefit as the value equation shifts to used versus new cars. 4. Dick's Sporting upgraded to Outperform from Market Perform at Cowen with analyst John Kernan citing Dick's market share gains, customer satisfaction, and accelerated traffic trends, saying that they all suggest momentum in its business. 5. Kinder Morgan (KMI) upgraded to Outperform from Market Perform at BMO Capital and to Strong Buy from Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/24/16
DBAB
10/24/16
UPGRADE
Target $68
DBAB
Buy
CarMax upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Rod Lache upgraded CarMax to Buy saying the company should benefit as the value equation shifts to used versus new cars. A number of positives for the new vehicle market are likely to become less favorable as regulatory content rises and credit terms likely not getting better than now, Lache tells investors in a research note. He raised his price target for CarMax to $68 from $66.
09/22/16
JANY
09/22/16
NO CHANGE
JANY
CarMax trends concerning for subprime auto financers, says Janney Capital
Janney Capital analyst John Rowan said some of the trends revealed in CarMax's (KMX) quarterly report, including its significant slowdown in subprime sales and the that that company's own financing arm saw a jump in credit costs, are concerning for subprime finance companies. Rowan said CarMax's results support his cautious stance on subprime auto finance providers and he keeps Neutral ratings on Credit Acceptance (CACC), Consumer Portfolio Services (CPSS), America's Car-Mart (CRMT) and Santander Consumer (SC).
11/16/16
WEDB
11/16/16
NO CHANGE
WEDB
CarMax rally overdone, says Wedbush
Wedbush analyst Seth Basham says that the rally in CarMax's stock, which he attributes to optimism about Trump Administration policies, is "overdone." The analyst says that the outlook for economic growth is uncertain, while rising interest rates are more negative than positive for the company. The analyst says that results form publicly traded car dealers indicate that CarMax's environment continues to be weak. He keeps a $55 price target and a Neutral rating on the shares.
ATRO Astronics
$35.32

0.26 (0.74%)

02/18/16
KEYB
02/18/16
UPGRADE
Target $35
KEYB
Overweight
Astronics upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst Kevin Ciabattoni upgraded Astronics to Overweight saying the stock is oversold following the company's "weak" Q4 results. The company's Aero business remains a "compelling growth story," Ciabattoni tells investors in a research note. He has a $35 price target for the shares.
04/20/16
KEYB
04/20/16
DOWNGRADE
KEYB
Sector Weight
Astronics downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc downgraded Astronics (ATRO) based on valuation. Additionally, the firm is concerned by the company's failure thus far to announce a follow-on deal with Apple (AAPL).
11/09/16
ADAM
11/09/16
NO CHANGE
Target $38
ADAM
Buy
Astronics stock reaction overdone, says Canaccord
Canaccord analyst Ken Herbert noted Astronics reported disappointing Q3 results due to weaker revenues in the Aerospace segment. The analyst said management's inability to provide greater detail on the revenue shortfall was surprising, but he believes the stock reaction was overdone. Herbert reiterated his Buy rating but lowered his price target to $38 from $45 on Astronics shares.
02/18/16
02/18/16
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. IBM (IBM) upgraded to Overweight from Equal Weight at Morgan Stanley, with analyst Katy Huberty saying the company's transformation and move to higher growth and value solutions is occurring faster-than-expected and is underappreciated. 2. Amazon.com (AMZN) upgraded to Buy from Hold at Canaccord by analyst Michael Graham, who said the 25% pullback in Amazon shares year-to-date is a buying opportunity. He adds that the core eCommerce business should continue to benefit from secular shifts. 3. Astronics (ATRO) upgraded to Overweight from Sector Weight at KeyBanc by analyst Kevin Clabattoni, who said the stock is oversold following the weak Q4 results and it remains a "compelling growth story." 4. Brocade (BRCD) upgraded to Buy from Hold at Wunderlich, with analyst Matthew Robinson citing the company's "expansive new" product lineup. 5. Red Hat (RHT) upgraded to Buy at Citi by analyst Walter Pritchard who sees the company as a share gainer in an economic downturn and views its growth as "defensive." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
UAL United Continental
$68.29

0.43 (0.63%)

11/18/16
SBSH
11/18/16
INITIATION
Target $69
SBSH
Neutral
United Continental initiated with a Neutral at Citi
Citi analyst Kevin Crissey started United Continental Holdings with a Neutral rating and $69 price target.
11/16/16
COWN
11/16/16
NO CHANGE
Target $71
COWN
Outperform
United Continental price target raised to $71 from $60 at Cowen
Cowen analyst Helane Becker raised her price target on United Continental to $71 from $60 following its long-awaited analyst day. The analyst noted the company's focus is driving incremental earnings and unlocking its potential, including closing the margin gap versus its peers. Becker reiterated her Outperform rating on United Continental shares.
11/16/16
MSCO
11/16/16
NO CHANGE
Target $73
MSCO
Overweight
United Continental price target raised to $73 from $67 at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwan raised United Continental's price target to $73 from $67 following yesterday's optimistic Investor Day saying he sees further outperformance based on cyclical leverage and network initiatives. The analyst has an Overweight rating on 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.
DLPH Delphi
$68.19

0.14 (0.21%)

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
BOFA
Underperform
Delphi downgraded to Underperform from Buy at BofA/Merrill
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.
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.
SAVE Spirit Airlines
$53.74

-0.13 (-0.24%)

09/29/16
IMPC
09/29/16
INITIATION
Target $51
IMPC
Outperform
Spirit Airlines initiated with an Outperform at Imperial Capital
Imperial Capital analyst Michael Derchin started Spirit Airlines with an Outperform rating and $51 price target.
08/04/16
08/04/16
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. Texas Instruments (TXN) upgraded to Neutral from Underperform at Exane BNP Paribas. 2. Spirit Airlines (SAVE) upgraded to Strong Buy from Outperform at Raymond James with analyst Savanthi Syth saying the recent weakness in the shares brings a "very attractive entry point." 3. Archer Daniels (ADM) upgraded to Buy from Hold at Argus with analyst David Coleman citing valuation and management's optimistic outlook for the second half of 2016. 4. Celgene (CELG) upgraded to Buy from Neutral at BTIG. Analyst Dane Leone believes the company's 2020 financial targets are achievable and represent upside to current consensus estimates. 5. Apollo Global (APO) upgraded to Outperform from Perform at Oppenheimer and to Outperform from Market Perform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/04/16
RAJA
08/04/16
UPGRADE
Target $59
RAJA
Strong Buy
Spirit Airlines upgraded to Strong Buy from Outperform at Raymond James
Raymond James analyst Savanthi Syth upgraded Spirit Airlines to Strong Buy saying the recent weakness in the shares brings a "very attractive entry point." The analyst admits there is a lack of near-term catalysts and that Zika is likely to remain a headline risk, however. Syth has a $59 price target for the shares.
11/18/16
SBSH
11/18/16
DOWNGRADE
Target $61
SBSH
Neutral
Spirit Airlines downgraded to Neutral from Buy at Citi
Citi downgraded Spirit Airlines to Neutral after transferring coverage from Stephen Trent to Kevin Crissey. The nearly 40% stock rally over the past two months has "materially reduced" the upside potential in the name, Crissey tells investors in a research note. He raised his price target for the shares to $61 from $52.
NVDA NVIDIA
$93.36

0.97 (1.05%)

11/14/16
11/14/16
UPGRADE
Target $100

Buy
NVIDIA upgraded to Buy at Needham
As previously reported, Needham analyst Rajvindra Gill upgraded NVIDIA to Buy from Hold, with a $100 price target, after the company's "significant" beat and raise quarter. The analyst says his view is based on long-term secular trends, namely the incorporation of ADAS applications in automotive market and where NVIDIA's Drive PX2 supplies Level 3-5 autonomy, the proliferation of machine learning, AI and graphics virtualization in the data center, and the emergence of virtual reality devices in PC and gaming markets driving higher graphics content.
11/11/16
RBCM
11/11/16
NO CHANGE
RBCM
NVIDIA price target raised to $95 from $80 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on NVIDIA after the company reported stronger than expected results. The analyst says the company had a "blow out quarter," and he thinks that the company's Deep Learning and Robotics businesses could enable it to grow rapidly. He thinks that the company's long-term growth will be strong, and he keeps an Outperform rating on the shares.
11/14/16
ROTH
11/14/16
NO CHANGE
Target $95
ROTH
Buy
NVIDIA price target raised to $95 from $73 at Roth Capital
Roth Capital analyst Brian Alger raised his price target for NVIDIA to $95 from $73 after the company reported another "truly incredible" quarterly update. The analyst reiterates a Buy rating on the shares.
11/14/16
NEED
11/14/16
UPGRADE
NEED
Buy
NVIDIA upgraded to Buy from Hold at Needham
AMD AMD
$8.71

0.25 (2.96%)

10/21/16
ADAM
10/21/16
NO CHANGE
Target $9
ADAM
Buy
AMD weakness a buying opportunity, says Canaccord
Canaccord analyst Matthew Ramsay said AMD reported "solid" Q3 results and provided seasonally lower guidance, which was expected. The analyst said his buy thesis remains intact and the selloff in the after hours was unwarranted. Ramsay said the weakness in the shares is a buying opportunity with the risk/reward tilted toward the upside upon entering an important year for the company's turnaround. Ramsay reiterated his Buy rating and $8.50 price target on AMD shares.
10/21/16
SBSH
10/21/16
NO CHANGE
Target $3.5
SBSH
Sell
AMD continues to lose money, says Citi
Citi analyst Christopher Danely keeps a Sell rating on AMD following the company's Q3 results. AMD continues to lose money despite improving fundamentals with estimated net debt of $353.3M, Danely tells investors in a research note. He raised his price target for the shares to $3.50 from $2.50.
10/19/16
PACS
10/19/16
NO CHANGE
PACS
Intel Q4 PC commentary negative for Marvell, others resilient says Pacific Crest
Pacific Crest notes that Intel (INTC) said its PC customers are poised to reduce their inventories in Q4. The firm says that the comment is negative for Marvell (MRVL). However, the firm believes that Advanced Micro Devices (AMD), NVIDIA (NVDA), ON Semiconductor (ON) and Synaptics (SYNA) are "most resilient" to this development, given their share gains, growth and other factors.
10/21/16
BERN
10/21/16
NO CHANGE
BERN
AMD outlook 'sounds promising,' says Bernstein
Bernstein analyst Stacy Rasgon says that AMD's Q3 results were "strong," and the analyst says that the comments and evidence presented by the company about its design wins and engagements "sound promising." Rasgon says she's weary about AMD, given its past missteps, but the analyst admits that she "just might be warming up to the story." Rasgon raised her price target on the shares to $7.50 from $6 but keeps a Market Perform rating on the stock.
ESL Esterline
$84.20

-1.6 (-1.86%)

08/15/16
08/15/16
UPGRADE
Target $86

Buy
Esterline upgraded to Buy at Drexel Hamilton
As previously reported, Drexel Hamilton upgraded Esterline to Buy from Hold and established an $86 price target. Following the Q3 report, Analyst Pete Skibitski views Esterline as a margin recovery story with good free-cash-flow, where one-off operating charges will be less impactful going forward.
02/05/16
ADAM
02/05/16
DOWNGRADE
Target $75
ADAM
Hold
Esterline downgraded to Hold from Buy at Canaccord
Canaccord downgraded Esterline to Hold from Buy following Q1 results and lowered guidance. The firm wants to wait for more evidence of business improvement and for the market fundamentals to improve. Canaccord lowered its price target to $75 from $110 on Esterline shares.
08/15/16
DRXL
08/15/16
UPGRADE
DRXL
Buy
Esterline upgraded to Buy from Hold at Drexel Hamilton
02/05/16
02/05/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Ashford Hospitality Prime (AHP) downgraded to Neutral from Buy at SunTrust... Cascade Microtech (CSCD) downgraded to Hold from Buy at Craig-Hallum... Cinemark (CNK) downgraded to Neutral from Outperform at Credit Suisse... ConocoPhillips (COP) downgraded to Sector Perform from Outperform at Scotia Howard Weil... Credit Suisse (CS) downgraded to Equal Weight from Overweight at Morgan Stanley... Cree (CREE) downgraded to Neutral from Overweight at JPMorgan... Deckers Outdoor (DECK) downgraded to Neutral from Buy at BofA/Merrill... Esterline (ESL) downgraded to Hold from Buy at Canaccord... GrubHub (GRUB) downgraded to Perform from Outperform at Oppenheimer... Kohl's (KSS) downgraded to Underweight from Neutral at Atlantic Equities... LINN Energy (LINE) downgraded to Sell from Hold at Stifel... LinkedIn (LNKD) downgraded to Sector Perform from Outperform at RBC Capital... LinnCo (LNCO) downgraded to Sell from Hold at Stifel... Magellan Midstream (MMP) downgraded to Neutral from Outperform at Credit Suisse... Marathon Petroleum (MPC) downgraded to Neutral from Overweight at JPMorgan... Multi-Fineline (MFLX) downgraded to Hold from Buy at Needham... NIC Inc. (EGOV) downgraded to Market Perform from Outperform at Avondale... Outerwall (OUTR) downgraded to Neutral from Overweight at Piper Jaffray... PPL Corp. (PPL) downgraded to Hold from Buy at Deutsche Bank... PennyMac Mortgage (PMT) downgraded to Equal Weight from Overweight at Barclays... Pixelworks (PXLW) downgraded to Hold from Buy at Lake Street... Qorvo (QRVO) downgraded to Sell from Neutral at Citi... Ralph Lauren (RL) downgraded to Underperform from Neutral at BofA/Merrill... TrueBlue (TBI) downgraded on macro concerns at BMO Capital... WEC Energy (WEC) downgraded to Hold from Buy at Deutsche Bank.

TODAY'S FREE FLY STORIES

BPMC

Blueprint Medicines

$27.01

-0.99 (-3.54%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Blueprint Medicines to hold a conference call »

Management holds a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

CBS

CBS

$60.18

-0.39 (-0.64%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
CBS management to meet with JPMorgan »

Group dinner to be held…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

  • 05

    Dec

  • 12

    Dec

PLNT

Planet Fitness

$20.02

0.03 (0.15%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Planet Fitness management to meet with JPMorgan »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

  • 06

    Dec

  • 09

    Jan

RMBS

Rambus

$12.76

0.09 (0.71%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Rambus participates in a conference call with JPMorgan »

JPMorgan Alternative…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
UBS economists and strategists hold an analyst/industry conference call »

U.S. Equity &…

04:55
12/05/16
12/05
04:55
12/05/16
04:55
General news
ISM Non-Mfg Index Composite to be reported at 10:00 »

November ISM Non-Mfg…

JCI

Johnson Controls

$45.32

-0.41 (-0.90%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Johnson Controls to hold a meeting »

Strategic Review &…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

04:55
12/05/16
12/05
04:55
12/05/16
04:55
General news
Breaking General news story  »

New York Federal Reserve…

CNDT

Conduent

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Conduent to host investor meeting »

Investor meeting to be…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

VCRA

Vocera

$17.96

0.07 (0.39%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Vocera management to meet with Jefferies »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

  • 06

    Dec

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Barclays commodities/energy analysts hold an analyst/industry conference call »

Commodities Analysts…

04:55
12/05/16
12/05
04:55
12/05/16
04:55
General news
Breaking General news story  »

Chicago Federal Reserve…

JUNO

Juno Therapeutics

$20.43

0.53 (2.66%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Juno Therapeutics to host analyst and investor meeting »

Analyst and Investor…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

TKPPY

Technip

$17.80

0.45 (2.59%)

, FTI

FMC Technologies

$35.60

0.9 (2.59%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
FMC Technologies to host special shareholder meeting »

Special Shareholder…

TKPPY

Technip

$17.80

0.45 (2.59%)

FTI

FMC Technologies

$35.60

0.9 (2.59%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

  • 05

    Dec

TGTX

TG Therapeutics

$5.50

0.05 (0.92%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
TG Therapeutics to hold an investor and analyst reception »

In connection with the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
JPMorgan Euro & global equity strategist holds analyst/industry conference call »

European & Global…

CSV

Carriage Services

$27.50

0.21 (0.77%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Carriage Services management to meet with Barrington »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

  • 06

    Dec

  • 07

    Dec

04:55
12/05/16
12/05
04:55
12/05/16
04:55
General news
Breaking General news story  »

Chicago Federal Reserve…

04:55
12/05/16
12/05
04:55
12/05/16
04:55
General news
Breaking General news story  »

4-Week Bill Announcement…

GNMSF

Genmab

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Genmab to hold data review meeting »

Management discusses data…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

  • 05

    Dec

RHHBY

Roche

$27.20

-0.1 (-0.37%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Roche to hold an analyst meeting »

Analyst Meeting to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

04:55
12/05/16
12/05
04:55
12/05/16
04:55
General news
Breaking General news story  »

6-Month Bill Auction to…

04:55
12/05/16
12/05
04:55
12/05/16
04:55
General news
Breaking General news story  »

3-Month Bill Auction to…

BSFT

BroadSoft

$40.30

-0.35 (-0.86%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
BroadSoft to host investor day »

Investor Day to be held…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

CLF

Cliffs Natural

$9.56

0.32 (3.46%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Cliffs Natural management to meet with JPMorgan »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.