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SFLY

Shutterfly

$50.68

0.11 (0.22%)

, WAGE

WageWorks

$74.25

0.95 (1.30%)

10:22
11/30/16
11/30
10:22
11/30/16
10:22

On The Fly: Top five analyst initiations

Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Shutterfly (SFLY) initiated with a Buy at Aegis. 2. WageWorks (WAGE) initiated with a Buy at Chardan. 3. BorgWarner (BWA) initiated with a Buy at Jefferies. 4. Advaxis (ADXS) initiated with a Buy at Cantor. 5. Xtant (XTNT) initiated with a Buy at Aegis. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

SFLY

Shutterfly

$50.68

0.11 (0.22%)

WAGE

WageWorks

$74.25

0.95 (1.30%)

BWA

BorgWarner

$35.69

1.23 (3.57%)

ADXS

Advaxis

$8.56

-0.34 (-3.82%)

XTNT

Xtant

$0.56

0.0689 (13.96%)

  • 06

    Dec

  • 10

    Jan

SFLY Shutterfly
$50.68

0.11 (0.22%)

10/27/16
AXIO
10/27/16
UPGRADE
AXIO
Buy
Shutterfly upgraded to Buy from Hold at Axiom
10/27/16
10/27/16
UPGRADE
Target $52

Buy
Shutterfly upgraded to Buy, share are oversold, says Axiom
As previously reported, Axiom upgraded Shutterfly (SFLY) to Buy from Hol with a $52 price target. Analyst Victor Anthony said shares have been punished following the launch of Amazon Prints in late September. He believes the near-term impact from Amazon's service on Shutterfly's revenues and profits, particularly for the critical 4Q holiday season, should be muted. Anthony said Shutterfly reported solid Q3 results with the core brand growing in the double-digits and gross margins at both the Consumer and Enterprise business expanded. He views shares as very "cheap" given its leadership position, capital returns, and growing cash flow.
10/27/16
BARD
10/27/16
NO CHANGE
Target $59
BARD
Outperform
Shutterfly results should ease competitive concerns, says Baird
Baird analyst Colin Sebastian said Shutterfly reported solid Q3 results and showed no signs of competitive pressure. The analyst noted the outperformance of its Enterprise and Shutterfly-branded consumer growth and with little competitive pressure, it should alleviate investors concerns. Sebastian reiterated his Outperform rating and $59 price target on Shutterfly shares.
11/30/16
AGIS
11/30/16
INITIATION
Target $62
AGIS
Buy
Shutterfly initiated with a Buy at Aegis
Aegis analyst Victor Anthony initiated Shutterfly with a Buy and a $62 price target.
WAGE WageWorks
$74.25

0.95 (1.30%)

11/02/16
STFL
11/02/16
NO CHANGE
STFL
WageWorks acquisition positive, says Stifel
After WageWorks 9WAGE) announced the acquisition of ADP's (ADP) consumer directed benefits and COBRA business., Stifel analyst David Grossman says that synergies could allow WageWorks to double the margins of the acquired entity. The analyst keeps a $69 price target and a Buy rating on the shares.
06/09/16
STFL
06/09/16
NO CHANGE
STFL
WageWorks price target raised to $69 from $59 at Stifel
After meeting with WageWorks' management, Stifel thinks that the company's 2017 outlook is becoming more certain. The firm says that the company is benefiting from "stronger than normal midyear starts" and should get a boost from its deal with the Office of Personnel Management, which starts September 1. Stifel keeps a Buy rating on the shares.
11/30/16
CHDN
11/30/16
INITIATION
Target $86
CHDN
Buy
WageWorks initiated with a Buy at Chardan
Chardan analyst Steven Wardell initiated WageWorks with a Buy and an $86 price target.
BWA BorgWarner
$35.69

1.23 (3.57%)

11/30/16
JEFF
11/30/16
INITIATION
Target $43
JEFF
Buy
BorgWarner initiated with a Buy at Jefferies
Jefferies analyst David Kelley initiated BorgWarner with a Buy rating, saying turbochargers remain a growth driver while the company's new technology acquisition and mix shift position it for penetration in hybrid/electric vehicles. Kelley sets a $43 price target on BorgWarner shares.
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.
11/22/16
BREN
11/22/16
INITIATION
Target $28
BREN
Sell
BorgWarner initiated with a Sell at Berenberg
Target $28.
11/09/16
BOFA
11/09/16
DOWNGRADE
Target $29
BOFA
Underperform
BorgWarner downgraded on Trump win, NAFTA may lose, says BofA/Merrill
As previously reported, BofA/Merrill downgraded BorgWarner to Underperform from Neutral and cut its price target to $29 from $39. 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 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.
ADXS Advaxis
$8.56

-0.34 (-3.82%)

12/16/15
JANY
12/16/15
INITIATION
Target $22
JANY
Buy
Advaxis coverage resumed with a Buy at Janney Capital
Target $22.
05/17/16
JANY
05/17/16
NO CHANGE
Target $22
JANY
Buy
Aduro study failure has limited read-through to Advaxis, says Janney Capital
Janney Capital analyst Roy Buchanan said the failure of a trial Aduro Biotech's (ADRO) listeria-based immunotherapy candidate in advanced pancreatic cancer should have limited read-through to Advaxis' (ADXS) own listeria-based immunotherapy program. The lead indications for Advaxis, including HPV-driven cervical cancer, have good rationale that the HPV is causative, Buchanan tells investors. The analyst keeps a Buy rating and $22 fair value estimate on Advaxis shares.
11/30/16
CANT
11/30/16
INITIATION
Target $19
CANT
Buy
Advaxis initiated with a Buy at Cantor
Cantor analyst Mara Goldstein initiated Advaxis with a Buy and a $19 price target.
XTNT Xtant
$0.56

0.0689 (13.96%)

11/30/16
AGIS
11/30/16
INITIATION
Target $3.5
AGIS
Buy
Xtant initiated with a Buy at Aegis
Aegis analyst Jason Wittes initiated Xtant with a Buy and a $3.50 price target.

TODAY'S FREE FLY STORIES

VRX

Valeant

$17.11

0.03 (0.18%)

13:25
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  • 24

    Aug

AGNC

AGNC Investment

$22.28

0.07 (0.32%)

13:25
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AGNC Investment Corp. call volume above normal and directionally bullish »

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  • 28

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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XLF

Financial Select Sector

$24.27

0.25 (1.04%)

, XLK

Technology Select Sector SPDR

$55.52

-0.48 (-0.86%)

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Technical Analysis
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XLF

Financial Select Sector

$24.27

0.25 (1.04%)

XLK

Technology Select Sector SPDR

$55.52

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SPY

SPDR S&P 500 ETF Trust

$242.76

-0.53 (-0.22%)

SPX

S&P 500

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FB

Facebook

$153.59

-1.48 (-0.95%)

13:08
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  • 28

    Jun

  • 28

    Jun

  • 19

    Jul

AVAV

AeroVironment

$30.97

0.2 (0.65%)

13:07
06/27/17
06/27
13:07
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13:07
Conference/Events
AeroVironment management to meet with Jefferies »

Meetings to be held in…

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  • 27

    Jun

  • 03

    Jul

  • 04

    Jul

  • 05

    Jul

CBI

CB&I

$19.00

4.6 (31.94%)

13:05
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06/27
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Options
CB&I call volume above normal and directionally bullish »

Bullish option flow…

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DGX

Quest Diagnostics

$109.93

-0.12 (-0.11%)

13:05
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06/27
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Hot Stocks
Quest Diagnostics announces intent to acquire CCHC outreach lab business »

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  • 30

    Jul

FOX

21st Century Fox

$27.62

0.69 (2.56%)

, FOXA

21st Century Fox

$28.04

0.85 (3.13%)

12:57
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Hot Stocks
FOX Sports partners with Facebook to stream Champions League soccer »

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FOX

21st Century Fox

$27.62

0.69 (2.56%)

FOXA

21st Century Fox

$28.04

0.85 (3.13%)

FB

Facebook

$153.59

-1.48 (-0.95%)

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

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  • 28

    Jun

  • 28

    Jun

  • 19

    Jul

DHXM

DHX Media

$4.15

-0.0367 (-0.88%)

12:56
06/27/17
06/27
12:56
06/27/17
12:56
Conference/Events
DHX Media management to meet with Jefferies »

Meeting to be held in…

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  • 28

    Jun

IVZ

Invesco

$35.01

-0.005 (-0.01%)

12:55
06/27/17
06/27
12:55
06/27/17
12:55
Conference/Events
Invesco management to meet with Jefferies »

Meetings to be held in…

03/08/13
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03/06/13
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  • 28

    Jun

  • 29

    Jun

FDX

FedEx

$215.36

-0.0025 (-0.00%)

12:52
06/27/17
06/27
12:52
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12:52
Periodicals
TNT Express says hit with 'interference' with some of its systems, ABC News says »

A spokesman for TNT…

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  • 07

    Jul

FDX

FedEx

12:50
06/27/17
06/27
12:50
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12:50
Periodicals
FedEx 'operating normally' after functionality issues, Reuters reports »

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  • 07

    Jul

THC

Tenet

$19.43

0.6587 (3.51%)

12:50
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06/27
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12:50
Options
3K Tenet Healthcare Jul 20 calls trade for 88c »

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  • 30

    Jul

AMZN

Amazon.com

$993.98

-9.76 (-0.97%)

, WFM

Whole Foods

$42.69

-0.255 (-0.59%)

12:48
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AMZN

Amazon.com

$993.98

-9.76 (-0.97%)

WFM

Whole Foods

$42.69

-0.255 (-0.59%)

KR

Kroger

$22.97

0.355 (1.57%)

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  • 28

    Jun

SMSMY

Sims Metal

$10.30

-0.03 (-0.29%)

12:47
06/27/17
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12:45
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Breaking General news story  »

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Conference/Events
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DD

DuPont

$80.85

-0.31 (-0.38%)

, DOW

Dow Chemical

$63.30

-0.27 (-0.42%)

12:43
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Periodicals
Mexico's Cofece grants conditional approval of DuPont-Dow tie-up, Reuters says »

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DD

DuPont

$80.85

-0.31 (-0.38%)

DOW

Dow Chemical

$63.30

-0.27 (-0.42%)

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  • 25

    Jul

TGT

Target

$52.22

0.74 (1.44%)

, AMZN

Amazon.com

$993.98

-9.76 (-0.97%)

12:41
06/27/17
06/27
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12:41
Periodicals
Target prices next-day delivery service test $1 below Amazon's, StarTribune says »

Target (TGT), which just…

TGT

Target

$52.22

0.74 (1.44%)

AMZN

Amazon.com

$993.98

-9.76 (-0.97%)

03/08/13
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03/06/13
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  • 28

    Jun

CBI

CB&I

$19.08

4.68 (32.50%)

12:34
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12:30
06/27/17
06/27
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12:30
General news
Treasury 5-year auction outlook: the auction should go well »

Treasury 5-year auction…

MSFT

Microsoft

$70.53

-0.68 (-0.95%)

, BOX

Box

$19.45

0.31 (1.62%)

12:25
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Hot Stocks
Box, Microsoft announce expanded cloud partnership »

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MSFT

Microsoft

$70.53

-0.68 (-0.95%)

BOX

Box

$19.45

0.31 (1.62%)

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  • 20

    Jul

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