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JCI

Johnson Controls

$45.89

0.28 (0.61%)

05:32
11/28/16
11/28
05:32
11/28/16
05:32

Johnson Controls initiated with a Buy at Citi

Citi analyst Andrew Kaplowitz started Johnson Controls with a Buy rating and $54 price target. The company has "above-average visibility to outsized earnings growth," Kaplowitz tells investors in a research note.

JCI Johnson Controls
$45.89

0.28 (0.61%)

10/31/16
UBSW
10/31/16
NO CHANGE
Target $45
UBSW
Buy
Johnson Controls price target lowered at UBS to account for Adient spinoff
UBS analyst Shannon O'Callaghan lowered his price target on Johnson Controls (JCI) to $45 from $53 to reflect the spinoff of Adient (ADNT) today. The analyst now sees Johnson Controls focusing on accelerating the merger integration and on delivering on synergy and productivity initiatives. O'Callaghan reiterated his Buy rating on Johnson Controls shares.
11/01/16
GSCO
11/01/16
UPGRADE
Target $46
GSCO
Conviction Buy
Johnson Controls upgraded to Conviction Buy from Buy at Goldman
Goldman analyst Joe Ritchie added Johnson Controls to the Conviction Buy List and maintained its $46 price target following the completion of the Adient spinoff. The analyst believes Johnson's fundamentals are improving, cost savings should support EBIT growth, and valuation is inexpensive. He believes investors under appreciate several aspects of the story including Johnson's Power Solutions segment which trades like an auto OE business despite its dominant share in the after market, organic growth that could drive upside, and attractive valuation that is even more reasonable with cost savings.
11/01/16
11/01/16
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. Chevron (CVX) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Evan Calio saying he believes Chevron is differentiated and has the largest free cash flow inflection in 2017-2019 from project start-ups, primarily Wheatstone and Gorgon, driving production growth to 16%, has the best short-cycle opportunity globally, particularly in the Permian,and has higher oil leverage into a cyclical price recovery. 2. Baker Hughes (BHI) upgraded to Neutral from Underweight at Atlantic Equities. 3. Johnson Controls (JCI) upgraded to Conviction Buy from Buy at Goldman with analyst Joe Ritchie saying he believes Johnson's fundamentals are improving, cost savings should support EBIT growth, and valuation is inexpensive. 4. Brocade upgraded to Outperform on potential takeover at RBC Capital with analyst Mitch Steves saying he believes Brocade makes sense as a strategic asset to the right operator and would be mid-single-digit accretive to the acquirer. 5. VMware (VMW) upgraded to Buy from Hold at Summit Redstone. 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
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.

TODAY'S FREE FLY STORIES

ETSY

Etsy

$14.68

0.48 (3.38%)

09:36
06/23/17
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APLP

Archrock Partners LP

$13.66

0.61 (4.67%)

, ARLP

Alliance Resource Partners

$18.80

0.6 (3.30%)

09:36
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09:36
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APLP

Archrock Partners LP

$13.66

0.61 (4.67%)

ARLP

Alliance Resource Partners

$18.80

0.6 (3.30%)

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CAT

Caterpillar

09:36
06/23/17
06/23
09:36
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09:36
Technical Analysis
Technical View: Caterpillar slips lower, analyst action »

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HQY

HealthEquity

$51.05

-0.39 (-0.76%)

09:36
06/23/17
06/23
09:36
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09:36
Conference/Events
HealthEquity management to meet with Barrington »

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  • 27

    Jun

APLP

Archrock Partners LP

$13.66

0.61 (4.67%)

09:35
06/23/17
06/23
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09:35
Downgrade
Archrock Partners LP rating change  »

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09:35
06/23/17
06/23
09:35
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09:35
General news
U.S. new home sales preview: »

U.S. new home sales…

AROC

Archrock

09:34
06/23/17
06/23
09:34
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09:34
Downgrade
Archrock rating change  »

Archrock downgraded to…

03/08/13
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WRE

Washington REIT

09:32
06/23/17
06/23
09:32
06/23/17
09:32
Conference/Events
Washington REIT management to meet with JPMorgan »

Meeting to be held in…

03/08/13
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  • 29

    Jun

  • 28

    Jul

  • 27

    Oct

09:30
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General news
PMI Composite Flash â€' Level to be reported at 09:45 »

June PMI Composite Flash…

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PMI Composite Flash Manufacturing â€' Level to be reported at 09:45 »

June PMI Composite Flash…

ADHD

Alcobra

, AVEO

AVEO Oncology

$0.73

0.0281 (4.02%)

09:29
06/23/17
06/23
09:29
06/23/17
09:29
Hot Stocks
On The Fly: Pre-market Movers »

HIGHER: Alcobra (ADHD),…

ADHD

Alcobra

AVEO

AVEO Oncology

$0.73

0.0281 (4.02%)

SNCR

Synchronoss

$12.18

1.53 (14.37%)

BBRY

BlackBerry

$11.06

0.41 (3.85%)

BBBY

Bed Bath & Beyond

$33.74

0.08 (0.24%)

BLCM

Bellicum Pharmaceuticals

$13.98

1.33 (10.51%)

BLUE

bluebird bio

$118.50

-1.8 (-1.50%)

03/08/13
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03/08/13
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  • 23

    Jun

  • 23

    Jun

  • 23

    Jun

  • 29

    Jun

  • 26

    Sep

RIO

Rio Tinto

, GLNCY

Glencore

$7.10

0.05 (0.71%)

09:29
06/23/17
06/23
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09:29
Hot Stocks
Glencore raises offer for Rio Tinto's Coal & Allied to $2.675B plus royalties »

Glencore (GLNCY)…

RIO

Rio Tinto

GLNCY

Glencore

$7.10

0.05 (0.71%)

03/08/13
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ALGN

Align Technology

$149.69

0.27 (0.18%)

09:28
06/23/17
06/23
09:28
06/23/17
09:28
Conference/Events
Stifel medical technology analysts hold an analyst/industry conference call »

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  • 23

    Jun

  • 26

    Jun

PAAS

Pan American Silver

$16.95

0.51 (3.10%)

09:28
06/23/17
06/23
09:28
06/23/17
09:28
Conference/Events
Pan American Silver management to meet with JPMorgan »

Meeting to be held in San…

03/08/13
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03/08/13
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  • 29

    Jun

BAESY

BAE Systems

$34.19

-0.635 (-1.82%)

09:25
06/23/17
06/23
09:25
06/23/17
09:25
Downgrade
BAE Systems rating change  »

BAE Systems downgraded to…

03/08/13
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09:25
06/23/17
06/23
09:25
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09:25
General news
Fed funds futures are unchanged to modestly lower »

Fed funds futures are…

CRNCY

Cairn Energy

$4.44

0.15 (3.50%)

09:24
06/23/17
06/23
09:24
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09:24
Conference/Events
Cairn Energy management to meet with JPMorgan »

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  • 29

    Jun

RHHBY

Roche

$32.30

-0.3 (-0.92%)

09:22
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06/23
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09:22
Hot Stocks
Roche receives FDA approval for Elecsys HIV combi PT assay »

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  • 26

    Jun

  • 13

    Jul

P

Pandora

, SIRI

SiriusXM

09:22
06/23/17
06/23
09:22
06/23/17
09:22
Recommendations
Pandora, SiriusXM analyst commentary  »

Pandora selloff since…

P

Pandora

SIRI

SiriusXM

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  • 28

    Jun

ASML

ASML

$130.02

-0.41 (-0.31%)

09:20
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06/23
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09:20
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ASML analyst commentary  »

ASML shares could double…

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  • 29

    Aug

RGA

Reinsurance Group

09:20
06/23/17
06/23
09:20
06/23/17
09:20
Conference/Events
Reinsurance Group management to meet with JPMorgan »

Meetings to be held in…

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  • 28

    Jun

  • 29

    Jun

HUM

Humana

, COF

Capital One

09:19
06/23/17
06/23
09:19
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09:19
Hot Stocks
Humana appoints Sam Deshpande as CRO »

Humana (HUM) has named…

HUM

Humana

COF

Capital One

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  • 20

    Jul

SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

09:18
06/23/17
06/23
09:18
06/23/17
09:18
Options
Overnight activity included 91 trades in SPX and 17 trades in VIX »

91 trades were executed…

SPX

S&P 500

VIX

Volatility Index S&P 500 Options

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09:15
06/23/17
06/23
09:15
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09:15
General news
Energy Action: WTI crude futures are up for a second day »

Energy Action: WTI crude…

BBBY

Bed Bath & Beyond

$33.73

0.07 (0.21%)

09:14
06/23/17
06/23
09:14
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09:14
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Bed Bath & Beyond analyst commentary  »

Bed Bath & Beyond…

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  • 29

    Jun

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