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AXP

American Express

$72.86

-0.02 (-0.03%)

, BAYRY

Bayer

$94.14

0.855 (0.92%)

07:11
11/28/16
11/28
07:11
11/28/16
07:11

Radiological Society of North America to hold a conference

RSNA 2016 is being held in Chicago on November 27-December 2.

AXP

American Express

$72.86

-0.02 (-0.03%)

BAYRY

Bayer

$94.14

0.855 (0.92%)

BTC

Community Bankers

CAJ

Canon

$28.25

0.17 (0.61%)

CERN

Cerner

$50.49

-0.02 (-0.04%)

VAR

Varian Medical

$92.14

0.52 (0.57%)

  • 29

    Nov

  • 29

    Nov

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    Nov

  • 30

    Nov

  • 07

    Dec

AXP American Express
$72.86

-0.02 (-0.03%)

11/18/16
11/18/16
INITIATION
Target $62

Underweight
Discover initiated with an Underweight at Stephens
As previously reported, Stephens analyst Vincent Caintic started Discover (DFS) with an Underweight rating and $62 price target, citing shrinking margins as American Express (AXP) ramps up rewards to maintain share, credit costs normalizing higher likely making Discover's shares range bound, and personal lending competition. The analyst also started American Express with an Underweight rating.
11/18/16
11/18/16
INITIATION
Target $40

Overweight
Synchrony initiated with an Overweight at Stephens
As previously reported, Stephens analyst Vincent Caintic started Synchrony (SYF) with an Overweight rating and $40 price target, citing $5B excess capital that allows Synchrony to buy back 20% of company once capital return is deregulated, industry retail share weakness, and revenue growth. The analyst also started American Express (AXP) and Discover (DFS) with an Underweight rating.
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.
11/18/16
11/18/16
INITIATION
Target $65

Underweight
American Express initiated with an Underweight at Stephens
As previously reported, Stephens analyst started American Express (AXP) with an Underweight rating and $65 price target, citing rising rates, shrinking markets as American Express ramps up rewards to maintain share, and the risk to 2017 EPS guidance. The analyst expects competition from bank peers, such as JPMorgan (JPM) and Citi (C), to continue to pressure American Express' earnings.
BAYRY Bayer
$94.14

0.855 (0.92%)

09/26/16
BERN
09/26/16
UPGRADE
BERN
Market Perform
Monsanto upgraded on acquisition at Bernstein
As noted earlier, Bernstein upgraded Monsanto (MON) to Market Perform from Underperform. Analyst Jonas Oxgaard upgraded the stock after Bayer (BAYRY) agreed to buy Monsanto. However, he warned that "it's too early to tell" whether regulators will approve the deal, and he says that the risk is "skewed to the downside in the near-term." He recommends that investors avoid the stock for 6-9 months. Target to $105 from $90.
09/15/16
PIPR
09/15/16
NO CHANGE
Target $128
PIPR
Overweight
Piper has confidence in closing of Monsanto, Bayer merger
Piper Jaffray analyst Brett Wong raised his price target for Monsanto (MON) to $128 citing the takeover price paid by Bayer (BAYRY). The analyst views the offer price as lower than expected but has confidence regulatory approval will be granted since there is a minimal crossover between the two companies. He reiterates an Overweight rating on Monsanto.
09/15/16
BERN
09/15/16
NO CHANGE
BERN
Bayer acquisition negative, says Bernstein
After Bayer (BAYRY) agreed to buy Monsanto (MON), Bernstein analyst Jonas Oxgaard says he "continues to have a bearish view" of Monsanto's business, and he thinks that Monsanto's price exceeded the company's true value by about 60%. The analyst adds that the genetically modified products that Monsanto is developing "are not expected to command outsized premiums," while genetically modified seeds have nearly fully penetrated most of the Americas. He keeps an Underperform rating on Monsanto and an Outperform rating on Bayer.
09/21/16
JPMS
09/21/16
UPGRADE
Target $128
JPMS
Overweight
Monsanto upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas upgraded Monsanto (MON) to Overweight saying the risk in the shares is "less than what the market assumes." The analyst believes downside risk should the takeover by Bayer (BAYRY) fail is around $100 per share. He notes that Monsanto shareholders would receive $128 per share should the acquisition close. Zekauskas raised his price target for Monsanto to $128 from $100.
BTC Community Bankers

CAJ Canon
$28.25

0.17 (0.61%)

10/27/16
BOFA
10/27/16
DOWNGRADE
BOFA
Underperform
Canon downgraded to Underperform from Neutral at BofA/Merrill
10/26/16
JPMS
10/26/16
DOWNGRADE
JPMS
Underweight
Canon downgraded to Underweight from Neutral at JPMorgan
11/25/16
LYON
11/25/16
UPGRADE
LYON
Outperform
Canon upgraded to Outperform from Underperform at CLSA
07/15/16
LYON
07/15/16
DOWNGRADE
LYON
Underperform
Canon downgraded to Underperform from Buy at CLSA
CLSA analyst Claudio Aritomi downgraded Canon to Underperform from Buy saying there is a high probability Canon will cut its guidance for FY16 along with 2Q results.
CERN Cerner
$50.49

-0.02 (-0.04%)

11/17/16
KEYB
11/17/16
NO CHANGE
KEYB
Cerner outlook still positive, says KeyBanc
KeyBanc analyst Donald Hooker says that President-elect Trump's victory "creates near-term uncertainty for Cerner's population health businesses." However, the analyst expects the company's revenue cycle businesses to continue to grow by at least 10%. He predicts that the company will exploit the Trump Administration's more favorable stance towards drug development by providing information to life sciences companies. He keeps a $77 price target and an Outperform rating on the shares.
11/10/16
DBAB
11/10/16
DOWNGRADE
DBAB
Hold
Cerner, Allscripts downgraded to Hold on ACA uncertainty at Deutsche Bank
As previously reported, Deutsche Bank analyst George Hill downgraded Cerner (CERN) and Allscripts (MDRX), both to Hold from Buy, citing the "high likelihood" that the Affordable Care Act gets repealed or significantly scaled back following the election of Donald Trump. Given the likely repeal, and uncertainty on what will replace the ACA, Hill sees a less certain outlook for hospital based IT spending. Hill cut his price target on Cerner to $50 from $58 and on Allscripts to $11 from $14.
11/10/16
DBAB
11/10/16
DOWNGRADE
DBAB
Hold
Cerner downgraded to Hold from Buy at Deutsche Bank
11/07/16
BOFA
11/07/16
DOWNGRADE
BOFA
Underperform
Cerner downgraded to Underperform on capex slowdown at BofA/Merrill
As previously reported, BofA/Merrill downgraded Cerner to Underperform from Neutral and lowered its price target to $51 from $61. Analyst Steven Valiquette believes hospital customers are "tightening the belts" further in 2017 given reimbursement challenges and expects the company to see slower growth than in prior years. .
VAR Varian Medical
$92.14

0.52 (0.57%)

01/12/16
BRRR
01/12/16
INITIATION
Target $91
BRRR
Outperform
Varian Medical assumed with an Outperform at Barrington
Barrington analyst Michael Petusky assumed coverage of Varian Medical with an Outperform rating and $91 price target.
04/28/16
BMUR
04/28/16
NO CHANGE
Target $87
BMUR
Buy
Varian Medical price target raised to $87 from $82 at Brean Capital
Brean Capital raised its price target on Varian Medical to $87 from $82 following mixed Q2 results. The firm cited its lowered guidance, which they now see as achievable. Brean Capital reiterated its Buy rating on Varian Medical shares.
07/08/16
BARD
07/08/16
NO CHANGE
Target $84
BARD
Neutral
No change in PFS proposed rates a positive for Varian Medical, says Baird
Baird analyst Jeff Johnson noted that CMS released CY 2017 proposed payment rates under the Physician Fee Schedule and said the flat proposed rate changes for a typical radiation freestanding center next year is a positive for Varian Medical. While the flat proposed rate is in-line with management guidance, will still likely come as a relief for investors, said Johnson, who keeps a Neutral rating and $84 price target on Varian shares.
10/20/16
SBSH
10/20/16
NO CHANGE
SBSH
General Electric takeover of Varian Medical unlikely, says Citi
Citigroup said General Electric (GE) exited the radiation oncology space in the 1990's and since then has had virtually no interest in getting into the treatment side of healthcare versus diagnostics. Further, the firm's analyst said Varian (VAR) is in the midst of spinning off their imaging business, and in theory, would make Varian a much more attractive target for General Electric. However, Citi said a takeover of Varian before the spin closing in December would make no sense by General Electric and reduces the firm's belief in today's speculation.

TODAY'S FREE FLY STORIES

RHHBY

Roche

$27.67

0.47 (1.73%)

20:25
12/05/16
12/05
20:25
12/05/16
20:25
Conference/Events
Roche to hold an analyst meeting »

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  • 05

    Dec

AZO

AutoZone

$776.42

-7.32 (-0.93%)

, HDS

HD Supply

$39.75

0.67 (1.71%)

20:25
12/05/16
12/05
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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AZO

AutoZone

$776.42

-7.32 (-0.93%)

HDS

HD Supply

$39.75

0.67 (1.71%)

MIK

Michaels

$24.31

0.34 (1.42%)

TOL

Toll Brothers

$30.47

1.15 (3.92%)

BOBE

Bob Evans

$46.77

1.05 (2.30%)

CONN

Conn's

$11.20

0.4 (3.70%)

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    Dec

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    Jan

GDDY

GoDaddy

$34.74

1.45 (4.36%)

20:14
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Hot Stocks
GoDaddy acquires WP Curve »

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BDC

Belden

$74.99

0.9 (1.21%)

20:10
12/05/16
12/05
20:10
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20:10
Earnings
Belden sees FY17 adjusted EPS $5.00-$5.25, consensus $5.23 »

Sees FY17 revenue…

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  • 05

    Dec

SGMO

Sangamo

19:39
12/05/16
12/05
19:39
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19:39
Hot Stocks
Sangamo reports preclinical, manufacturing data on SB-525, says IND on track »

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  • 05

    Dec

SGEN

Seattle Genetics

$66.26

-0.44 (-0.66%)

, BMY

Bristol-Myers

$55.55

-0.41 (-0.73%)

19:38
12/05/16
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19:38
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19:38
Hot Stocks
Seattle Genetics, Bristol-Myers: Data supports ADCETRIS, Opdivo combo »

Seattle Genetics (SGEN)…

SGEN

Seattle Genetics

$66.26

-0.44 (-0.66%)

BMY

Bristol-Myers

$55.55

-0.41 (-0.73%)

03/08/13
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LGIH

LGI Homes

$32.34

0.45 (1.41%)

19:36
12/05/16
12/05
19:36
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19:36
Hot Stocks
LGI Homes reports November home closings up 28.9% y/y »

LGI Homes announced 321…

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CELG

Celgene

$116.56

-1.07 (-0.91%)

19:36
12/05/16
12/05
19:36
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19:36
Hot Stocks
Celgene reports analysis of three CC-486 studies »

Celgene announced results…

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  • 06

    Dec

BLUE

bluebird bio

$72.15

2.4 (3.44%)

19:35
12/05/16
12/05
19:35
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19:35
Hot Stocks
bluebird bio provides updates on HSC gene therapy programs »

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AGIO

Agios Pharmaceuticals

$49.88

-7.09 (-12.45%)

19:33
12/05/16
12/05
19:33
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19:33
Hot Stocks
Agios 'encouraged' by durable clinical activity of AG-120 »

Agios Pharmaceuticals…

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MRK

Merck

$60.25

-0.88 (-1.44%)

19:31
12/05/16
12/05
19:31
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19:31
Hot Stocks
Merck: KEYNOTE-087 trial data shows oORR of 69%, CRR of 22.4% »

Merck announced updated…

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  • 06

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TWX

Time Warner

$93.34

-0.46 (-0.49%)

, T

AT&T

$38.63

0.02 (0.05%)

19:29
12/05/16
12/05
19:29
12/05/16
19:29
Periodicals
Time Warner 'struggling to expand' HBO Now, NY Post says »

Time Warner (TWX) is…

TWX

Time Warner

$93.34

-0.46 (-0.49%)

T

AT&T

$38.63

0.02 (0.05%)

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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BP

BP

, REPYY

Repsol

$13.88

0.25 (1.83%)

19:18
12/05/16
12/05
19:18
12/05/16
19:18
Periodicals
BP acquires Repsol stake in Indonesia LNG plant, Reuters says »

BP (BP) has purchased…

BP

BP

REPYY

Repsol

$13.88

0.25 (1.83%)

03/08/13
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FOSUF

Fosun

19:12
12/05/16
12/05
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19:12
Hot Stocks
Liberty Mutual to acquire Fosun subsidiary Ironshore for roughly $3B »

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VZ

Verizon

$49.75

-0.06 (-0.12%)

, YHOO

Yahoo

$40.20

0.13 (0.32%)

18:54
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Periodicals
AOL CEO 'cautiously optimistic' Verizon-Yahoo deal will go through, WSJ says »

AOL CEO Tim Armstrong…

VZ

Verizon

$49.75

-0.06 (-0.12%)

YHOO

Yahoo

$40.20

0.13 (0.32%)

03/08/13
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03/06/13
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03/06/13
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  • 05

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TUWOY

Tullow Oil

$2.06

0.109 (5.58%)

18:46
12/05/16
12/05
18:46
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18:46
Downgrade
Tullow Oil rating change  »

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GBNK

Guaranty Bancorp

$22.15

0.75 (3.50%)

18:43
12/05/16
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18:43
Hot Stocks
Breaking Hot Stocks news story on Guaranty Bancorp »

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ATKR

Atkore

$20.48

-0.18 (-0.87%)

18:41
12/05/16
12/05
18:41
12/05/16
18:41
Syndicate
Atkore files to sell 8M shares of common stock for holders »

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UTX

United Technologies

$107.42

-0.8 (-0.74%)

18:38
12/05/16
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18:38
Hot Stocks
United Technologies CEO: No quid pro quo on taxes in Carrier deal with Trump »

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IPDN

Professional Diversity Network

$9.75

-0.01 (-0.10%)

18:37
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18:37
Hot Stocks
Breaking Hot Stocks news story on Professional Diversity Network »

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DHXM

DHX Media

$5.05

-0.36 (-6.65%)

18:33
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Hot Stocks
Breaking Hot Stocks news story on DHX Media »

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TPHS

Trinity Place

$10.02

0.08 (0.80%)

18:24
12/05/16
12/05
18:24
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18:24
Hot Stocks
Trinity Place Holdings, Pacolet Milliken acquire Brooklyn building for $68.8M »

Trinity Place Holdings…

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SU

Suncor

$32.46

0.23 (0.71%)

18:07
12/05/16
12/05
18:07
12/05/16
18:07
Hot Stocks
Suncor Energy resolves C$1.3B tax dispute with Canada Revenue Agency »

Suncor Energy reports…

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XLRN

Acceleron

$34.90

-1.39 (-3.83%)

, CELG

Celgene

$116.56

-1.07 (-0.91%)

18:07
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12/05
18:07
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18:07
Hot Stocks
Acceleron, Celgene report Phase 2 data on luspatercept in beta-thalassemia »

Acceleron Pharma (XLRN)…

XLRN

Acceleron

$34.90

-1.39 (-3.83%)

CELG

Celgene

$116.56

-1.07 (-0.91%)

03/08/13
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  • 05

    Dec

  • 06

    Dec

SNSS

Sunesis

$4.02

0.12 (3.08%)

17:54
12/05/16
12/05
17:54
12/05/16
17:54
Hot Stocks
Sunesis says new VALOR trial data show 'compelling durable survival outcomes' »

Sunesis Pharmaceuticals…

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