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KATE

Kate Spade

$16.71

0.42 (2.58%)

09:02
11/23/16
11/23
09:02
11/23/16
09:02

Kate Spade downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research downgraded Kate Spade to Peer Perform to reflect a shifting trends towards "edgier" influences, margin pressure from promotional environment and price competition, slower than expected new product uptake, expected inventory growth, and valuation.

KATE Kate Spade
$16.71

0.42 (2.58%)

09/29/16
09/29/16
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. Owens Corning (OC) initiated with a Market Perform at Wells Fargo. 2. Kate Spade (KATE) was initiated with an Outperform at CLSA, while the firm initiated Coach (COH) with a Buy and Michael Kors (KORS) with a Sell. 3. RetailMeNot (SALE) and Groupon (GRPN) initiated with a Neutral at Boenning & Scattergood. 4. Carnival (CCL) initiated with a Hold at Deutsche Bank. 5. D.R. Horton (DHI) initiated with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/22/16
COWN
11/22/16
DOWNGRADE
COWN
Market Perform
Kate Spade downgraded to Market Perform from Outperform at Cowen
11/22/16
COWN
11/22/16
DOWNGRADE
Target $16
COWN
Market Perform
Kate Spade downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Oliver Chen downgraded Kate Spade to Market Perform from Outperform. The analyst continues to believe the company has a healthy distribution footprint but he is cautious on both outlet and tourism pressure, a tepid handbag environment, and the potential for 2017 estimates to be too high. Chen maintained his $16 price target on Kate Spade shares.
11/22/16
11/22/16
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. Kate Spade (KATE) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen saying he continues to believe the company has a healthy distribution footprint but he is cautious on both outlet and tourism pressure, a tepid handbag environment, and the potential for 2017 estimates to be too high. 2. Headwaters (HW) downgraded to Hold from Buy at SunTrust and to Neutral from Buy at DA Davidson. 3. Duke Energy (DUK), Entergy (ETR), AES Corp. (AES), and Portland General Electric (POR) were downgraded to Underperform from Neutral at BofA Merrill Lynch, while the firm downgraded NRG Energy (NRG) and PPL Corp. (PPL) to Neutral from Buy. 4. Canadian Solar (CSIQ) downgraded to Market Perform from Outperform at FBR Capital and to Neutral from Buy at Roth Capital. 5. C.H. Robinson (CHRW) downgraded to Hold from Buy at Stifel with analyst John Larkin citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GRPN

Groupon

$4.53

0.14 (3.19%)

06:05
09/22/17
09/22
06:05
09/22/17
06:05
Initiation
Groupon initiated  »

Groupon initiated with a…

03/08/13
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03/08/13
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03/06/13
Citigroup
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ECOM

ChannelAdvisor

06:04
09/22/17
09/22
06:04
09/22/17
06:04
Initiation
ChannelAdvisor initiated  »

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03/08/13
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  • 25

    Sep

  • 03

    Oct

  • 04

    Oct

PG

Procter & Gamble

$92.64

-1.76 (-1.86%)

06:04
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09/22
06:04
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06:04
Hot Stocks
Trian identifies numerous errors in recent Procter & Gamble presentation »

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CHUBA

CommerceHub

$23.42

-0.06 (-0.26%)

06:04
09/22/17
09/22
06:04
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Initiation
CommerceHub initiated  »

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  • 28

    Sep

EVLV

Evine Live

$1.03

0.01 (0.98%)

06:02
09/22/17
09/22
06:02
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06:02
Initiation
Evine Live initiated  »

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  • 28

    Sep

  • 16

    Nov

AMZN

Amazon.com

$964.65

-8.56 (-0.88%)

06:01
09/22/17
09/22
06:01
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06:01
Hot Stocks
Amazon to add 359,000 square foot office in New York City »

Governor Andrew M. Cuomo…

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  • 03

    Oct

  • 22

    Oct

ICPT

Intercept

$73.70

-24.42 (-24.89%)

06:01
09/22/17
09/22
06:01
09/22/17
06:01
Downgrade
Intercept rating change  »

Wells yesterday…

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FB

Facebook

$171.11

-1.06 (-0.62%)

05:55
09/22/17
09/22
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05:55
Hot Stocks
Instagram adds Face Filters to live video, to roll out globally »

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  • 03

    Oct

  • 22

    Oct

PSTG

Pure Storage

$15.02

0.19 (1.28%)

05:55
09/22/17
09/22
05:55
09/22/17
05:55
Recommendations
Pure Storage analyst commentary  »

Pure Storage price target…

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  • 07

    Dec

  • 11

    Dec

AABA

Altaba

$66.59

-0.33 (-0.49%)

, BABA

Alibaba

$177.39

-0.56 (-0.31%)

05:52
09/22/17
09/22
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05:52
Recommendations
Altaba, Alibaba, Yahoo Japan analyst commentary  »

Altaba price target…

AABA

Altaba

$66.59

-0.33 (-0.49%)

BABA

Alibaba

$177.39

-0.56 (-0.31%)

YAHOY

Yahoo Japan

$8.90

-0.08 (-0.89%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 03

    Oct

REPYY

Repsol

$18.47

0.1 (0.54%)

05:52
09/22/17
09/22
05:52
09/22/17
05:52
Upgrade
Repsol rating change  »

Repsol upgraded to…

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

Versartis

$21.60

-0.25 (-1.14%)

05:49
09/22/17
09/22
05:49
09/22/17
05:49
Downgrade
Versartis rating change  »

Versartis downgraded to…

03/08/13
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03/08/13
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BRPIF

BRP Inc.

05:48
09/22/17
09/22
05:48
09/22/17
05:48
Upgrade
BRP Inc. rating change  »

BRP Inc. upgraded to Buy…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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PG

Procter & Gamble

$92.64

-1.76 (-1.86%)

05:47
09/22/17
09/22
05:47
09/22/17
05:47
Hot Stocks
Glass Lewis recommends Procter & Gamble holders vote for Nelson Peltz »

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MDXG

MiMedx

$12.27

-0.07 (-0.57%)

05:46
09/22/17
09/22
05:46
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05:46
Recommendations
MiMedx analyst commentary  »

MiMedx shares offer…

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  • 25

    Sep

  • 13

    Nov

  • 14

    Nov

BA

Boeing

$256.04

0.58 (0.23%)

05:45
09/22/17
09/22
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Boeing sees growing demand for new airplanes in Southeast Asia »

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  • 23

    Sep

05:45
09/22/17
09/22
05:45
09/22/17
05:45
General news
Breaking General news story  »

San Francisco Federal…

SSNI

Silver Spring

$16.15

0.01 (0.06%)

, ITRI

Itron

$75.85

-0.4 (-0.52%)

05:40
09/22/17
09/22
05:40
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05:40
Downgrade
Silver Spring, Itron rating change  »

Silver Spring downgraded…

SSNI

Silver Spring

$16.15

0.01 (0.06%)

ITRI

Itron

$75.85

-0.4 (-0.52%)

03/08/13
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03/06/13
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03/06/13
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JUNO

Juno Therapeutics

$41.62

-3.59 (-7.94%)

05:38
09/22/17
09/22
05:38
09/22/17
05:38
Syndicate
Juno Therapeutics 6.1M share Secondary priced at $41.00 »

Morgan Stanley and…

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  • 08

    Nov

  • 22

    Sep

AA

Alcoa

$46.25

-1.25 (-2.63%)

05:38
09/22/17
09/22
05:38
09/22/17
05:38
Downgrade
Alcoa rating change  »

Alcoa downgraded to Hold…

03/08/13
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BOBE

Bob Evans

$77.29

-0.2 (-0.26%)

, POST

Post Holdings

$86.97

-0.39 (-0.45%)

05:38
09/22/17
09/22
05:38
09/22/17
05:38
Downgrade
Bob Evans, Post Holdings rating change  »

Bob Evans downgraded to…

BOBE

Bob Evans

$77.29

-0.2 (-0.26%)

POST

Post Holdings

$86.97

-0.39 (-0.45%)

03/08/13
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03/08/13
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03/06/13
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AAPL

Apple

$153.39

-2.68 (-1.72%)

05:36
09/22/17
09/22
05:36
09/22/17
05:36
Recommendations
Apple analyst commentary  »

Piper ups Apple target to…

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  • 22

    Oct

TIF

Tiffany

$89.85

-0.08 (-0.09%)

05:31
09/22/17
09/22
05:31
09/22/17
05:31
Downgrade
Tiffany rating change  »

Tiffany downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 03

    Oct

  • 04

    Oct

ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

, VSAR

Versartis

$21.60

-0.25 (-1.14%)

05:27
09/22/17
09/22
05:27
09/22/17
05:27
Recommendations
Ascendis Pharma, Versartis analyst commentary  »

Versartis failure bodes…

ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

VSAR

Versartis

$21.60

-0.25 (-1.14%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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BDX

Becton Dickinson

$191.56

-2.44 (-1.26%)

, BCR

C.R. Bard

$317.37

-1.19 (-0.37%)

05:20
09/22/17
09/22
05:20
09/22/17
05:20
Initiation
Becton Dickinson, C.R. Bard initiated  »

Becton Dickinson…

BDX

Becton Dickinson

$191.56

-2.44 (-1.26%)

BCR

C.R. Bard

$317.37

-1.19 (-0.37%)

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