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H

Hyatt

$52.77

-0.04 (-0.08%)

, MCD

McDonald's

$120.68

-0.2 (-0.17%)

04:55
11/30/16
11/30
04:55
11/30/16
04:55

Open Mobile Media to hold a summit

Open Mobile Summit 2016 is being held in San Francisco on November 29-30.

H

Hyatt

$52.77

-0.04 (-0.08%)

MCD

McDonald's

$120.68

-0.2 (-0.17%)

MAR

Marriott

$79.11

1.04 (1.33%)

GOOG

Alphabet

$770.84

2.6 (0.34%)

MSFT

Microsoft

$61.09

0.48 (0.79%)

FB

Facebook

$120.87

0.46 (0.38%)

WFC

Wells Fargo

$51.86

0.28 (0.54%)

UL

Unilever; also tag UN

$39.49

0.03 (0.08%)

AXP

American Express

$71.49

-0.64 (-0.89%)

GRUB

GrubHub

$38.22

0.07 (0.18%)

BIDU

Baidu

$169.18

2.18 (1.31%)

TIME

Time Inc.

$16.30

0.3 (1.88%)

NYT

New York Times

$12.85

-0.05 (-0.39%)

GPS

Gap

$25.24

-0.24 (-0.94%)

GDDY

GoDaddy

$36.22

-0.17 (-0.47%)

BA

Boeing

$151.64

1.87 (1.25%)

EXPE

Expedia

$125.10

-0.82 (-0.65%)

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    Nov

H Hyatt
$52.77

-0.04 (-0.08%)

11/02/16
LYON
11/02/16
DOWNGRADE
LYON
Underperform
Follow-up: Hyatt downgraded to Underperform from Buy at CLSA
CLSA downgraded Hyatt to Underperform from Buy and lowered its price target to $52 from $58. Analyst Aaron Lee said he is concerned about the RevPAR deceleration to 1-3% range and expects Hyatt's owned segment operating leverage to be more of a drag than peers who are more asset-light. Lee believes EBITDA could fall 11% further in a negative low-single digit RevPAR scenario and sees limited topline growth given the challenging industry.
10/25/16
NOMU
10/25/16
DOWNGRADE
NOMU
Neutral
Hyatt, Host Hotels downgraded to Neutral at Nomura
As previously reported, Nomura analyst Harry Curtis downgraded Hyatt (H) and Host Hotels (HST), both to Neutral from Buy, saying that their multiples are unlikely to expand this late in the lodging cycle. Industry RevPAR growth is expected to be roughly 2.5%, or possibly lower, in the second half of 2016 and should remain at current levels with no meaningful change in the supply/demand balance, and asset-heavier companies like Host and Hyatt generate little EBITDA growth at those levels due to cost pressures, Curtis tells investors. The analyst, who prefers asset-light business models, keeps Buy ratings on Hilton (HLT) and Marriott (MAR). Curtis lowered his price target on Host Hotels to $16 from $19 and cut his target on Hyatt to $54 from $59.
10/25/16
NOMU
10/25/16
DOWNGRADE
NOMU
Neutral
Hyatt downgraded to Neutral from Buy at Nomura
09/26/16
09/26/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Apache (APA) initiated with a Neutral at MUFG. 2. Marriott (MAR) was initiated with a Buy at Goldman while the firm initiated La Quinta (LQ) with a Sell. Goldman also initiated Red Rock Resorts (RRR), Hyatt (H), and Wyndham (WYN) with a Neutral. 3. Charles Schwab (SCHW) was initiated with an Overweight at Morgan Stanley while the firm initiated E-Trade (ETFC) and TD Ameritrade (AMTD) with an Equal Weight. 4. Valvoline (VVV) initiated with a Buy at Seaport Global. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
MCD McDonald's
$120.68

-0.2 (-0.17%)

11/29/16
FBCO
11/29/16
NO CHANGE
FBCO
Outperform
McDonald's removed from Focus List at Credit Suisse
Credit Suisse analyst Jason West removed McDonald's from the Focus List citing higher valuation, limited near-term catalysts, and limited benefits from Trump's stated goals to lower corporate/consumer taxes. West rates McDonald's an Outperform with a $128 price target.
10/24/16
UBSW
10/24/16
NO CHANGE
Target $130
UBSW
Buy
McDonald's strategic initiatives on track, could unlock value, says UBS
UBS analyst Dennis Geiger said the strategic initiatives at McDonald's remains on track across re-franchising, repurchase, and G&A savings. The analyst believes the ongoing efficiency efforts could drive upside over time. Geiger did note that challenging comps and industry trends are making him more cautious and providing near-term challenges, leading him to lower his price target. Geiger maintained his Buy rating and lowered his price target to $130 from $137 on McDonald's shares.
10/26/16
JPMS
10/26/16
NO CHANGE
Target $425
JPMS
Overweight
Chipotle shares should be bought closer to $375, says JPMorgan
JPMorgan analyst John Ivankoe, who has a "marginal" Overweight rating on the name, believes risk tolerant investors should buy shares of Chipotle Mexican Grill closer to $375. The analyst prefers shares of Starbucks (SBUX), McDonald's (MCD) and Yum! Brands (YUM) in large cap restaurants. In a research note following Chipotle's Q3 results, Ivankoe says the company is "finally doing the things that other restaurant companies would have long done to maximize brand value." He thinks capacity enhancements could help Chipotle's comps but thinks lower stock prices are a better entry point. The stock in pre-market trading is down 4% to $388.31.
11/21/16
JPMS
11/21/16
NO CHANGE
Target $127
JPMS
Overweight
McDonald's removed from Analyst Focus List at JPMorgan
JPMorgan analyst John Ivankoe removed McDonald's from his firm's Analyst Focus List citing a less positive stance on the shares following the company's event in Australia. The analyst believes share upside is becoming more limited. He keeps an Overweight rating on McDonald's with a $127 price target.
MAR Marriott
$79.11

1.04 (1.33%)

11/18/16
DBAB
11/18/16
INITIATION
Target $80
DBAB
Hold
Marriott reinstated with a Hold at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli reinstated Marriott with a Hold rating and $80 price target.
11/28/16
11/28/16
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. AbbVie (ABBV) downgraded to Neutral from Buy at Citi. 2. Citi (C), Wells Fargo (WFC), and Regions Financial (RF) were downgraded to Hold from Buy at Jefferies with analyst Ken Usdin citing valuation. 3. Hilton (HLT) and Marriott (MAR) were downgraded to Hold from Buy at Evercore ISI. 4. H&R Block (HRB) downgraded to Sell from Neutral at BTIG with analyst Mark Palmer noting that President-elect Trump has said he wants to put H&R Block out of business by simplifying the tax code. 5. Tupperware Brands (TUP) downgraded to Sell from Neutral at B. Riley with analyst Linda Bolton Weiser saying the stock has not moved lower to reflect post-election currency devaluations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/28/16
EVER
11/28/16
DOWNGRADE
Target $80
EVER
Hold
Marriott downgraded to Hold from Buy at Evercore ISI
Evercore ISI analysts led by Steve Sakwa downgraded Kilroy Realty to Hold on valuation and maintained its price target of $80.
GOOG Alphabet
$770.84

2.6 (0.34%)

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."
11/11/16
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.
11/23/16
OPCO
11/23/16
NO CHANGE
OPCO
Facebook, Amazon.com most attractive on post-election pullback, says Oppenheimer
Oppenheimer analyst Jason Helfstein notes that there has been a rotation into industrial and financial stocks post-election, at the expense of multinational technology stocks. However, he sees some potential positive catalysts for "FANG" names, namely Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Google (GOOG; GOOGL), with the first two looking the most attractive at current levels. The analyst points out that Facebook's potential positive catalysts include faster than expected ad monetization driven by "Video First" strategy, Instagram engagement and Dynamic Product Ads. As for Amazon, he expects stable consumer spending to support a strong holiday shopping season.
11/18/16
OPCO
11/18/16
NO CHANGE
OPCO
Public cloud infrastructure market will be $62B by 2020, says Oppenheimer
Oppenheimer analyst Timothy Horan says "the race is on" for public cloud providers to get as much of their customers' data on their respective cloud platforms as possible. The analyst believes Amazon (AMZN) Web Services, Microsoft (MSFT), and Alphabet's Google (GOOG; GOOGL) have ambitions to become the dominant OS of the cloud, and to do so these companies will aim to have integrated solutions from the infrastructure layer to services through first-party offerings and/or the development of a strong partner channel. He views AWS as the primary wholesale cloud platform and Microsoft as the enterprise platform. However, given the relative immaturity of the market and the massive $1T opportunity, all three have been successful focusing on multiple segments, Horan adds, noting that he expects the public cloud infrastructure market to be $62B by 2020.
MSFT Microsoft
$61.09

0.48 (0.79%)

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.
11/17/16
GSCO
11/17/16
UPGRADE
Target $68
GSCO
Buy
Microsoft upgraded to Buy from Neutral at Goldman
Goldman Sachs analyst Heather Bellini upgraded Microsoft to Buy from Neutral and raised her price target for the shares to $68 from $60. The software giant closed yesterday up 78c to $59.65. 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, Bellini tells investors in a research note on the public cloud space. She believes Azure can continue to grow revenue and improve margins over time given Microsoft's large customer base and "strong" C-level relationships. The analyst sees upside potential to out-year earnings forecasts for the company.
11/15/16
OPCO
11/15/16
NO CHANGE
Target $55
OPCO
Outperform
Oppenheimer remains bullish on Tableau after survey
After surveying 40 customers at Tableau's (DATA) recent user conference, Oppenheimer analyst Ittai Kidron came away encouraged as the results suggest a committed customer base that has a clear positive spending bias with the company over the next 12 months. Further, the analyst notes that user comments were positive on Tableau's current product portfolio, and there was excitement over the new capabilities coming in 2017. While there is some push-back on price and Microsoft is (MSFT) a growing competitive threat, Kidron does not sense the concerns put Tableau at risk of material displacement. He reiterates an Outperform rating and $55 price target on the shares.
FB Facebook
$120.87

0.46 (0.38%)

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).
11/21/16
DBAB
11/21/16
NO CHANGE
Target $150
DBAB
Buy
Deutsche says buy Facebook following recent weakness
Deutsche Bank analyst Lloyd Walmsley views Facebook's $6B share repurchase beginning in 2017 as a "welcome launch" of a capital return program. The stock represents an "outstanding value" following the recent selloff, Walmsley tells investors in a research note. He recommends that investors add to positions at current levels and keeps a Buy rating on Facebook with a $150 price target.
WFC Wells Fargo
$51.86

0.28 (0.54%)

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.
11/18/16
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.
11/28/16
JEFF
11/28/16
DOWNGRADE
Target $58
JEFF
Hold
Wells Fargo downgraded to Hold from Buy at Jefferies
Jefferies analyst Ken Usdin downgraded Wells Fargo to Hold citing valuation with the shares up 15% since the U.S. election. The analyst raised his price target for the shares to $58 from $50.
UL Unilever; also tag UN
$39.49

0.03 (0.08%)

08/31/16
SBSH
08/31/16
UPGRADE
SBSH
Buy
Unilever upgraded to Buy from Neutral at Citi
07/22/16
RBCM
07/22/16
DOWNGRADE
RBCM
Sector Perform
Unilever downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst James Edwardes Jones downgraded Unilever to Sector Perform with a price target of EUR 42.
01/12/16
JPMS
01/12/16
UPGRADE
JPMS
Overweight
Unilever upgraded to Overweight from Underweight at JPMorgan
12/08/15
12/08/15
UPGRADE

On the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Buy from Reduce at HSBC...ALLETE (ALE) upgraded to Buy from Hold at Wunderlich...Agilent (A) upgraded to Buy from Neutral at Goldman...Ares Management (ARES) upgraded to Buy from Neutral at BofA/Merrill...BBCN Bancorp (BBCN) upgraded to Neutral from Underweight at Piper Jaffray...Douglas Emmett (DEI) upgraded to Outperform from Market Perform at BMO Capital...FEI Company (FEIC) upgraded to Buy from Neutral at Goldman...FireEye (FEYE) upgraded to Buy from Neutral at Citi...Galena (GALE) upgraded to Hold from Sell at Cantor...Hershey (HSY) upgraded to Buy from Hold at Argus...Kellogg (K) upgraded to Equal Weight from Underweight at Morgan Stanley...Lamar Advertising (LAMR) upgraded to Buy from Hold at Topeka...Myriad Genetics (MYGN) upgraded to Neutral from Sell at Goldman...Outerwall (OUTR) upgraded to Buy from Neutral at B. Riley...Tanger Factory (SKT) upgraded to Buy from Neutral at Goldman...Thermo Fisher (TMO) upgraded to Conviction Buy from Buy at Goldman...Unilever (UL) upgraded to Neutral from Underperform at Credit Suisse...Vail Resorts (MTN) upgraded to Buy from Neutral at Goldman...WABCO (WBC) upgraded to Buy from Hold at Stifel.
AXP American Express
$71.49

-0.64 (-0.89%)

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 $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.
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.
GRUB GrubHub
$38.22

0.07 (0.18%)

11/14/16
STFL
11/14/16
UPGRADE
STFL
Buy
GrubHub upgraded on fundamentals, risk/reward at Stifel
As noted earlier, Stifel upgraded GrubHub to Buy from Hold. Analyst John Egbert says that the company's fundamentals are "strong," while its Q3 results were "respectable." He believes that the recent decline in the stock has made the shares' risk/reward ratio "compelling," while the company's competitive positioning is "stable." Target $46.
11/14/16
STFL
11/14/16
UPGRADE
STFL
Buy
GrubHub upgraded to Buy from Hold at Stifel
10/27/16
10/27/16
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. GrubHub (GRUB) upgraded to Buy from Neutral at Roth Capital with analyst Darren Aftahi saying he believes delivery is the catalyst for stronger growth, platform stickiness, and growth in earnings before interest, tax, depreciation and amortization per order. 2. Hershey (HSY) upgraded to Buy from Neutral at Citi with analyst David Driscoll citing expectations the shares will rebound in 2017. 3. Owens Corning (OC) downgraded to Neutral from Buy at CL King. 4. Logitech (LOGI) upgraded to Neutral from Underweight at JPMorgan with analyst Paul Coster citing the company's second quarter results. 5. VMware (VMW) upgraded to Buy from Neutral at Citi with analyst Walter Pritchard saying the company's "strong" trends in the third quarter look sustainable. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BIDU Baidu
$169.18

2.18 (1.31%)

10/28/16
PIPR
10/28/16
NO CHANGE
Target $190
PIPR
Overweight
Baidu price target raised to $190 from $180 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for Baidu to $190 following the company's Q3 results. The quarter and outlook show the continued impact from quality adjustments, but Q4 should mark the bottom, Munster tells investors in a post-earnings research note. He remains a long-term believer in Baidu and keeps an Overweight rating on the shares.
10/28/16
FBCO
10/28/16
DOWNGRADE
FBCO
Neutral
Baidu downgraded to Neutral from Outperform at Credit Suisse
10/28/16
MACQ
10/28/16
DOWNGRADE
MACQ
Neutral
Baidu downgraded to Neutral from Outperform at Macquarie
10/31/16
OPCO
10/31/16
NO CHANGE
Target $200
OPCO
Outperform
Baidu price target raised to $200 from $188 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Baidu to $200 from $188 following better Q3 results on margins and management comments suggesting an end to the new compliance process. The analyst remains optimistic on Baidu's long-term competitive position and reiterates an Outperform rating on the shares.
TIME Time Inc.
$16.30

0.3 (1.88%)

05/19/16
05/19/16
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. Wells Fargo analyst Craig Bijou upgraded Mazor Robotics (MZOR) to Outperform, saying the stock has more appreciation potential after yesterday's rally on its commercial agreement with Medtronic (MDT). The partnership "provides a strong endorsement" of Mazor's next-generation technology, Bijou told investors. 2. Macquarie upgraded Time Inc. (TIME) to Outperform from Neutral, as the firm's analyst believes Time will see a dramatic turnaround in earnings and cash flow beginning in the second half of this year following heavy cost cutting and investments in content. 3. RBC Capital analyst Robert Stallard upgraded L-3 Communications (LLL) to Outperform and increased his price target to $150 from $137. Following management meetings, the analyst has increased confidence L-3 is on track to achieve its long-term operating margin goals and improved execution. 4. Halliburton (HAL) upgraded to Buy from Neutral at Griffen Securities. 5. Credit Suisse (CS) upgraded to Buy from Neutral at UBS. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/19/16
05/19/16
UPGRADE

Outperform
Time Inc. upgraded to Outperform at Macquarie
As previously reported, Macquarie upgraded Time Inc to Outperform from Neutral. The firm's analyst believes Time will see a dramatic turnaround in earnings and cash flow beginning in the second half of this year following heavy cost cutting and investments in content.
11/28/16
WELS
11/28/16
NO CHANGE
WELS
Market Perform
Time Inc. board could be estimating value at $23 per share, says Wells Fargo
Wells Fargo analyst Eric Katz said that if Time Inc.'s board "truly believes" that $300M in free cash flow is achievable in the next 3-5 years, than he "can understand" why they rejected the reported offer of $18 per share from Edgar Bronfman Jr. and Leonard Blavatnik, as that FCF equates to $23 in equity value per share with an OIBDA multiple of 6x, which he said "doesn't sound like a particularly aggressive multiple for a publisher." Katz wouldn't rule out other PE bidders and "wouldn't be shocked" if other industry players got involved, though he keeps a Market Perform rating on Time Inc. shares, noting that finding buyers for brands, or being willing to shut down brands, "may be easier said than done" by any potential buyer.
05/19/16
MACQ
05/19/16
UPGRADE
MACQ
Outperform
Time Inc. upgraded to Outperform from Neutral at Macquarie
NYT New York Times
$12.85

-0.05 (-0.39%)

09/28/16
JEFF
09/28/16
NO CHANGE
Target $13
JEFF
Hold
Jefferies cuts New York Times estimates on weak print trends
Jefferies analyst John Janedis lowered his New York Times Q3 print advertising growth estimates to down 17% from down 14% after his firm's Ad Lineage tracker indicated that the newspaper's September quarter "finished on a weak note." The analyst expects New York Times' Q3 advertising to come in below guidance, and he sees risk to Q4. Janedis keeps a Hold rating on the shares with a $13 price target.
GPS Gap
$25.24

-0.24 (-0.94%)

11/28/16
MSCO
11/28/16
NO CHANGE
MSCO
Softline Black Friday weekend sales mixed versus last year, says Morgan Stanley
Morgan Stanley said overall Softline Black Friday weekend sales were mixed verus last year saying L Brands (LB), lululemon (LULU), and Hollister were weekend winners and Gap (GPS), Broadridge (BR), Michael Kors (KORS), and Anthro were laggards.
11/28/16
PIPR
11/28/16
UPGRADE
Target $67
PIPR
Neutral
L Brands upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Neely Tamminga upgraded L Brands(LB) to Neutral saying the stock at current levels is already "indicating fundamental disappointment in the near-term." The analyst keeps a $67 price target for the shares. Tamminga this morning also upgraded Gap (GPS) to Neutral.
11/28/16
PIPR
11/28/16
UPGRADE
Target $23
PIPR
Neutral
Gap upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Neely Tamminga upgraded Gap to Neutral saying the shares, are dropping 17% since the earnings report, are appropriately reflecting concerns on fundamentals. The analyst keeps a $23 price target for the stock.
GDDY GoDaddy
$36.22

-0.17 (-0.47%)

11/22/16
RILY
11/22/16
UPGRADE
Target $45
RILY
Buy
GoDaddy upgraded to Buy from Neutral at B. Riley
B. Riley analyst Sameet Sinha upgraded GoDaddy to Buy citing more confidence in the company's growth metrics. He highlights GoDaddy's model evolution to mid-sized customers and enhanced products. The analyst raised his price target for the shares to $45 from $33.50.
11/03/16
OPCO
11/03/16
NO CHANGE
Target $43
OPCO
Outperform
GoDaddy price target raised to $43 from $37 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for GoDaddy to $43 from $37 following "solid" Q3 results. The analyst expects margin to continue to improve on more proactive customer engagement and more effective marketing, and highlights the company's predictability, scale advantage and scalability. Helfstein reiterates an Outperform rating on the shares.
11/22/16
11/22/16
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. Charles Schwab (SCHW) upgraded to Buy from Neutral at Citi with analyst William Katz citing the company's leverage to interest rates and its potential earnings power in 2018. 2. DTE Energy (DTE) upgraded to Buy from Neutral at BofA Merrill Lynch with analyst Brian Chin saying he believes DTE's Gas Storage and Pipeline net income will benefit under a Trump presidency. 3. Cooper-Standard (CPS) upgraded to Buy from Neutral at Goldman with analyst David Tamberrino saying valuation is not capturing operating improvements, incremental footprint restructuring activities, and significant growth in China. 4. GoDaddy (GDDY) upgraded to Buy from Neutral at B. Riley with analyst Sameet Sinha citing more confidence in the company's growth metrics. 5. Sunrun (RUN) upgraded to Overweight from Equal Weight at Barclays with analyst Jon Windham saying he sees potential for the company to take market share given the expected scaled-back operations at SolarCity following completion of the merger with Tesla (TSLA). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BA Boeing
$151.64

1.87 (1.25%)

10/27/16
BARD
10/27/16
NO CHANGE
Target $161
BARD
Outperform
Baird continues to see upside in Boeing shares
Baird analyst Peter Arment said Boeing delivered solid Q3 results and provided meaningful support to the ability to grow cash flow despite 777 production cuts. The analyst said the company continues to return cash to shareholders by renewing both the dividend and stock buyback and he continues to see upside from current levels. Arment reiterated his Outperform rating and $161 price target on Boeing shares.
11/28/16
BERN
11/28/16
NO CHANGE
BERN
Boeing new executive to bring outside perspective, says Bernstein
Bernstein analyst Douglas Hamed says that the new CEO of Boeing Commercial Aircraft, Kevin McAllister, "should bring a perspective about competitors and aircraft services that Boeing (BA) lacks today," since he has been working at GE (GE). The analyst notes that Boeing's commercial unit has to make new decisions about its platform and is looking to launch a new services business. McAllister keeps a $176 price target and an Outperform rating on Boeing.
10/28/16
VERT
10/28/16
INITIATION
VERT
Hold
Boeing initiated with a Hold at Vertical Research
10/28/16
10/28/16
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. L-3 Communications (LLL) initiated with an Outperform at Baird and a Hold at Vertical Research. 2. Twilio (TWLO) initiated with a Neutral at MUFG. 3. Cotiviti Holdings (COTV) assumed with an Overweight at JPMorgan. 4. Raytheon (RTN) and General Dynamics (GD) were initiated with a Buy at Vertical Research while the firm initiated Boeing (BA) and Northrop Grumman (NOC) with a Hold. 5. Allscripts (MDRX) assumed with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
EXPE Expedia
$125.10

-0.82 (-0.65%)

11/10/16
STFL
11/10/16
UPGRADE
Target $130
STFL
Hold
Expedia upgraded to Hold from Sell at Stifel
Stifel analyst Scott Devitt last night upgraded Expedia (EXPE) to Hold from Sell citing the recent strength in Trivago, Orbitz and HomeAway. The analyst remains cautious on Expedia's core business growth and integration risk related to HomeAway, however. He raised his price target for the shares to $130 from $116. Devitt last night also upgraded Priceline to Buy.
11/09/16
STFL
11/09/16
UPGRADE
STFL
Hold
Expedia upgraded to Hold from Sell at Stifel
11/10/16
11/10/16
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. Priceline (PCLN) upgraded to Buy from Hold at Stifel while the firm upgraded Expedia (EXPE) to Hold from Sell. 2. IBM (IBM) upgraded to Buy from Neutral at BofA/Merrill with analyst Wamsi Mohan expecting 2017 profits to grow as earnings have stabilized and negative revisions are unlikely and expects tailwinds from moderating pace of investments and savings from restructuring efforts. 3. L-3 Communications (LLL) and Northrop Grumman (NOC) upgraded to Overweight from Equal Weight at Barclays while the firm upgraded Lockheed Martin (LMT) to Equal Weight from Underweight. 4. Microsoft (MSFT) upgraded to Neutral from Underweight at Atlantic Equities. 5. Novartis (NVS) upgraded to Buy from Hold at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/28/16
PACS
10/28/16
NO CHANGE
PACS
Expedia commentary upbeat, multiple metrics positive says Pacific Crest
Pacific Crest analyst Brad Eickson is disappointed by Expedia's lower than expected Q3 room night growth ,which he blames on poor execution of the Orbitz deal. However, he says that the company's comments on take rates were encouraging, while trivago's accelerating growth and HomeAway's profitability metrics were also positives. He recommends buying the stock.

TODAY'S FREE FLY STORIES

CNX

CONSOL

$21.30

-0.48 (-2.20%)

, CNNX

CONE Midstream

$21.33

-0.15 (-0.70%)

15:02
12/10/16
12/10
15:02
12/10/16
15:02
Conference/Events
CONE Midstream participates in an analyst and investor day »

Management participates…

CNX

CONSOL

$21.30

-0.48 (-2.20%)

CNNX

CONE Midstream

$21.33

-0.15 (-0.70%)

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  • 13

    Dec

CNNX

CONE Midstream

$21.33

-0.15 (-0.70%)

, CNX

CONSOL

$21.30

-0.48 (-2.20%)

14:59
12/10/16
12/10
14:59
12/10/16
14:59
Conference/Events
CONSOL to host analyst and investor day »

Analyst and Investor Day…

CNNX

CONE Midstream

$21.33

-0.15 (-0.70%)

CNX

CONSOL

$21.30

-0.48 (-2.20%)

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  • 13

    Dec

BG

Bunge

$73.36

-0.04 (-0.05%)

14:54
12/10/16
12/10
14:54
12/10/16
14:54
Conference/Events
Bunge to host investor day »

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AMD

AMD

14:50
12/10/16
12/10
14:50
12/10/16
14:50
Conference/Events
AMD to host Summit Ridge a "Zen"-based CPU at New Horizon »

President & CEO Su…

03/08/13
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AJG

Arthur J. Gallagher

$50.76

0.61 (1.22%)

14:41
12/10/16
12/10
14:41
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14:41
Conference/Events
Arthur J. Gallagher to host investor day »

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  • 14

    Dec

NYT

New York Times

$14.10

0.15 (1.08%)

14:34
12/10/16
12/10
14:34
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14:34
Conference/Events
Detroit Economic Club to hold a luncheon meeting »

Mark Thompson, President…

03/08/13
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AZN

AstraZeneca

$27.16

0.89 (3.39%)

14:28
12/10/16
12/10
14:28
12/10/16
14:28
Conference/Events
AstraZeneca has a luncheon meeting with Philadelphia Securities Association »

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  • 12

    Dec

  • 16

    Feb

CASC

Cascadian Therapeutics

$5.65

-0.03 (-0.53%)

, GHDX

Genomic Health

$30.81

-0.17 (-0.55%)

04:55
12/10/16
12/10
04:55
12/10/16
04:55
Conference/Events
UT Health Science Center to hold a symposium »

2016 San Antonio Breast…

CASC

Cascadian Therapeutics

$5.65

-0.03 (-0.53%)

GHDX

Genomic Health

$30.81

-0.17 (-0.55%)

MYGN

Myriad Genetics

$17.40

0.41 (2.41%)

RDUS

Radius Health

$43.94

-3.13 (-6.65%)

OCX

OncoCyte

$6.15

0.05 (0.82%)

ABBV

AbbVie

$61.54

0.64 (1.05%)

BAYRY

Bayer

$100.04

1.14 (1.15%)

CELG

Celgene

$113.47

0.41 (0.36%)

CLDX

Celldex

$3.75

0.01 (0.27%)

DNA

Bought by RHHBY

HRTX

Heron Therapeutics

$14.90

-0.55 (-3.56%)

PFE

Pfizer

$31.70

0.76 (2.46%)

PBYI

Puma Biotechnology

$36.50

0.05 (0.14%)

TSRO

TESARO

$129.97

-1.57 (-1.19%)

NSTG

NanoString

$21.79

-0.35 (-1.58%)

NVS

Novartis

$69.74

2.15 (3.18%)

NVTA

Invitae

$7.24

0.28 (4.02%)

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

    Dec

  • 11

    Jan

BBSI

Barrett Business

$62.30

1.85 (3.06%)

, BREW

Craft Brew

$16.65

0.45 (2.78%)

04:55
12/10/16
12/10
04:55
12/10/16
04:55
Conference/Events
Roth Capital to hold a conference »

5th Annual ROTH Utah…

BBSI

Barrett Business

$62.30

1.85 (3.06%)

BREW

Craft Brew

$16.65

0.45 (2.78%)

CHKE

Cherokee

$11.10

-0.35 (-3.06%)

DFBG

Differential Brands

$3.20

0.25 (8.47%)

DLA

Delta Apparel

$20.77

-0.39 (-1.84%)

ESCA

Escalade

$13.65

-0.15 (-1.09%)

FLKS

Flex Pharma

$6.29

-0.01 (-0.16%)

KONA

Kona Grill

$12.75

0.05 (0.39%)

LNDC

Landec

$15.05

-0.25 (-1.63%)

MEET

MeetMe

$5.63

0.16 (2.93%)

MITK

Mitek Systems

$6.50

0.35 (5.69%)

MB

MINDBODY

$20.70

-0.25 (-1.19%)

OSIS

OSI Systems

$78.17

1.22 (1.59%)

PLNT

Planet Fitness

$21.01

-0.07 (-0.33%)

ROX

Castle Brands

$0.75

0.0309 (4.30%)

PRTS

U.S. Auto Parts

$3.33

0.09 (2.78%)

RSYS

RadiSys

$4.77

0.11 (2.36%)

SWHC

Smith & Wesson

$21.07

-0.16 (-0.75%)

VSTO

Vista Outdoor

$38.62

-1.24 (-3.11%)

WMAR

West Marine

$9.41

0.13 (1.40%)

ZAGG

ZAGG

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 12

    Dec

  • 12

    Dec

  • 13

    Dec

  • 13

    Dec

  • 09

    Jan

ANET

Arista Networks

$94.41

-1.35 (-1.41%)

, CSCO

Cisco

$30.06

0.11 (0.37%)

18:32
12/09/16
12/09
18:32
12/09/16
18:32
Hot Stocks
Arista Networks favored in ITC initial determination on four of six patents »

Arista Networks (ANET)…

ANET

Arista Networks

$94.41

-1.35 (-1.41%)

CSCO

Cisco

$30.06

0.11 (0.37%)

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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  • 12

    Dec

  • 12

    Dec

  • 12

    Dec

TKTDY

Takata Corporation

$10.70

0.05 (0.47%)

18:22
12/09/16
12/09
18:22
12/09/16
18:22
Periodicals
U.S. DOT looks to accelerate pace of Takata air bag replacements, Reuters says »

The U.S. Department of…

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DV

DeVry

$31.90

0.9 (2.90%)

18:17
12/09/16
12/09
18:17
12/09/16
18:17
Hot Stocks
Breaking Hot Stocks news story on DeVry »

International Value…

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  • 09

    Dec

CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

18:10
12/09/16
12/09
18:10
12/09/16
18:10
Periodicals
Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

Cornerstone OnDemand has…

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CVM

CEL-SCI

$0.12

-0.0014 (-1.17%)

18:03
12/09/16
12/09
18:03
12/09/16
18:03
Hot Stocks
NYSE MKT says CEL-SCI noncompliant with certain listing requirements »

CEL-SCI reported on a…

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XOM

Exxon Mobil

$89.00

0.68 (0.77%)

18:01
12/09/16
12/09
18:01
12/09/16
18:01
Periodicals
Exxon CEO Tillerson emerges as top candidate for secretary of state, WSJ says »

Exxon Mobil CEO Rex…

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

17:58
12/09/16
12/09
17:58
12/09/16
17:58
Hot Stocks
H.B. Fuller announces restructuring, to eliminate, relocate 220 positions »

H.B. Fuller has announced…

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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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BIIB

Biogen

$287.77

-1.77 (-0.61%)

17:53
12/09/16
12/09
17:53
12/09/16
17:53
Periodicals
Biogen looks like a bargain, Barron's reports »

Biogen trades at just…

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03/06/13
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03/06/13
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SNY

Sanofi

$40.40

0.63 (1.58%)

17:42
12/09/16
12/09
17:42
12/09/16
17:42
Periodicals
Sanofi to lay off 20% of U.S. diabetes, cardiovascular staff, Bloomberg says »

The layoffs include parts…

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  • 29

    Mar

CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

17:38
12/09/16
12/09
17:38
12/09/16
17:38
Periodicals
Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

Investor Praesidium said…

03/08/13
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03/08/13
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Citigroup
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TACO

Del Taco

$14.75

-0.39 (-2.58%)

17:34
12/09/16
12/09
17:34
12/09/16
17:34
Hot Stocks
Breaking Hot Stocks news story on Del Taco »

PW Acquisitions cuts…

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03/06/13
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  • 09

    Jan

  • 09

    Jan

  • 09

    Dec

UNVR

Univar

$26.36

0.54 (2.09%)

, BXLT

Baxalta

17:30
12/09/16
12/09
17:30
12/09/16
17:30
Hot Stocks
Univar names Eric Foster chief information officer »

Univar (UNVR) named Eric…

UNVR

Univar

$26.36

0.54 (2.09%)

BXLT

Baxalta

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

Parnell

$1.42

-0.0031 (-0.22%)

17:30
12/09/16
12/09
17:30
12/09/16
17:30
Hot Stocks
Breaking Hot Stocks news story on Parnell 

Parnell trading resumes

03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

, NVRO

Nevro

$76.38

-1.88 (-2.40%)

17:24
12/09/16
12/09
17:24
12/09/16
17:24
Hot Stocks
Boston Scientific files patent infringement suit against Nevro »

Nevro (NVRO) announced…

BSX

Boston Scientific

$20.81

0.2 (0.97%)

NVRO

Nevro

$76.38

-1.88 (-2.40%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 12

    Dec

RTN

Raytheon

$146.30

0.14 (0.10%)

17:21
12/09/16
12/09
17:21
12/09/16
17:21
Hot Stocks
Raytheon awarded $101.9M government contract »

Raytheon Co., Goleta,…

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03/06/13
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03/06/13
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CX

CEMEX

$8.77

-0.16 (-1.79%)

17:18
12/09/16
12/09
17:18
12/09/16
17:18
Hot Stocks
CEMEX receives subpoena from SEC regarding Foreign Corrupt Practices Act »

On December 9, 2016,…

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