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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

HCOM

Hawaiian Telcom

$23.87

0.74 (3.20%)

10:26
12/09/16
12/09
10:26
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10:26
Conference/Events
Hawaiian Telcom management to meet with Drexel Hamilton »

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  • 09

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  • 12

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    Dec

  • 14

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  • 15

    Dec

AZN

AstraZeneca

$27.11

0.84 (3.20%)

10:26
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12/09
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10:26
Hot Stocks
Breaking Hot Stocks news story on AstraZeneca »

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  • 16

    Feb

AZN

AstraZeneca

$27.11

0.84 (3.20%)

10:25
12/09/16
12/09
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10:25
Hot Stocks
Breaking Hot Stocks news story on AstraZeneca »

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  • 16

    Feb

ATH

Athene Holding

10:25
12/09/16
12/09
10:25
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10:25
Syndicate
Breaking Syndicate news story on Athene Holding »

Athene Holding opens at…

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  • 09

    Dec

10:25
12/09/16
12/09
10:25
12/09/16
10:25
General news
The U.S. wholesale report beat estimates »

The U.S. wholesale report…

PSTG

Pure Storage

$12.26

-0.075 (-0.61%)

10:25
12/09/16
12/09
10:25
12/09/16
10:25
Conference/Events
Pure Storage participates in a conference call with UBS »

UBS IT Hardware & EMS…

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03/06/13
Citigroup
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Barclays

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  • 09

    Dec

  • 12

    Dec

  • 12

    Jan

  • 13

    Jan

  • 09

    Dec

MEET

MeetMe

$5.47

0.28 (5.40%)

10:24
12/09/16
12/09
10:24
12/09/16
10:24
Conference/Events
MeetMe management to meet with Roth Capital »

Meeting to be held in St.…

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

DATA

Tableau

$45.85

0.2 (0.44%)

10:24
12/09/16
12/09
10:24
12/09/16
10:24
Rumors
Rumor moving shares of Tableau »

Rumor: Tableau moves up…

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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 09

    Dec

ATH

Athene Holding

10:23
12/09/16
12/09
10:23
12/09/16
10:23
Syndicate
Breaking Syndicate news story on Athene Holding »

Athene Holding indicated…

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

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  • 09

    Dec

ICHR

Ichor Holdings

10:23
12/09/16
12/09
10:23
12/09/16
10:23
Syndicate
Ichor Holdings indicated to open at $9.75, IPO priced at $9.00 »

Ichor Holdings (ICHR)…

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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  • 09

    Dec

CPB

Campbell Soup

$59.00

0.72 (1.24%)

10:21
12/09/16
12/09
10:21
12/09/16
10:21
Options
Campbell Soup calls are stirring »

Campbell Soup calls are…

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03/08/13
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03/06/13
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RH

Restoration Hardware

$32.75

-6.24 (-16.00%)

10:20
12/09/16
12/09
10:20
12/09/16
10:20
Options
Restoration Hardware options active as shares fall on earnings »

Restoration Hardware…

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

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  • 13

    Dec

10:20
12/09/16
12/09
10:20
12/09/16
10:20
General news
Treasury Action: yields remained subdued »

Treasury Action: yields…

CPK

Chesapeake Utilities

$68.55

0.55 (0.81%)

, CNX

CONSOL

$21.16

-0.62 (-2.85%)

10:19
12/09/16
12/09
10:19
12/09/16
10:19
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

CPK

Chesapeake Utilities

$68.55

0.55 (0.81%)

CNX

CONSOL

$21.16

-0.62 (-2.85%)

JCI

Johnson Controls

$43.68

0.03 (0.07%)

AMID

American Midstream Partners

$16.95

-0.05 (-0.29%)

BIP

Brookfield Infrastructure

$32.93

0.2499 (0.76%)

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

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  • 13

    Dec

ANF

Abercrombie & Fitch

$15.96

-0.28 (-1.72%)

, DLTH

Duluth Holdings

$37.04

3.09 (9.10%)

10:19
12/09/16
12/09
10:19
12/09/16
10:19
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

ANF

Abercrombie & Fitch

$15.96

-0.28 (-1.72%)

DLTH

Duluth Holdings

$37.04

3.09 (9.10%)

DTEA

DAVIDsTEA

$9.30

0.15 (1.64%)

HLT

Hilton

$26.54

0.295 (1.12%)

HZNP

Horizon Pharma

$15.03

-4.36 (-22.49%)

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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  • 09

    Dec

  • 14

    Dec

AZN

AstraZeneca

$27.11

0.84 (3.20%)

, ADSK

Autodesk

$81.74

1.4 (1.74%)

10:19
12/09/16
12/09
10:19
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10:19
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…click here.

AZN

AstraZeneca

$27.11

0.84 (3.20%)

ADSK

Autodesk

$81.74

1.4 (1.74%)

ETN

Eaton

$69.45

0.47 (0.68%)

FLR

Fluor

$56.77

0.77 (1.38%)

SYY

Sysco

$54.46

0.13 (0.24%)

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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  • 09

    Jan

  • 09

    Jan

  • 16

    Feb

$NYE

NYSE Market Internals

10:16
12/09/16
12/09
10:16
12/09/16
10:16
Technical Analysis
NYSE market internals summary »

Breadth is bullish across…

03/08/13
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$NSD

NASDAQ Market Internals

10:16
12/09/16
12/09
10:16
12/09/16
10:16
Technical Analysis
NASDAQ market internals summary »

Volume is light for this…

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03/06/13
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03/06/13
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ATH

Athene Holding

10:15
12/09/16
12/09
10:15
12/09/16
10:15
Syndicate
Breaking Syndicate news story on Athene Holding »

Athene Holding indicated…

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

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  • 09

    Dec

10:15
12/09/16
12/09
10:15
12/09/16
10:15
General news
FX Action: The dollar »

FX Action: The dollar…

SDRL

Seadrill

$3.72

0.315 (9.26%)

10:14
12/09/16
12/09
10:14
12/09/16
10:14
Options
Seadrill calls active as shares rally »

Seadrill calls active as…

03/08/13
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03/06/13
Citigroup
03/06/13
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VHC

VirnetX

$3.35

0.05 (1.52%)

10:12
12/09/16
12/09
10:12
12/09/16
10:12
Periodicals
Breaking Periodicals news story on VirnetX »

Appeals court affirms…

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Wedge Partners
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03/06/13
Citigroup
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ATH

Athene Holding

10:10
12/09/16
12/09
10:10
12/09/16
10:10
Syndicate
Breaking Syndicate news story on Athene Holding »

Athene Holding indicated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 09

    Dec

XLF

Financial Select Sector

$23.63

-0.07 (-0.30%)

10:10
12/09/16
12/09
10:10
12/09/16
10:10
Options
$15.9M premium block in SPDR Financials »

$15.9M premium block in…

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10:10
12/09/16
12/09
10:10
12/09/16
10:10
General news
U.S. December consumer sentiment surged 4.2 points to 98.0 in preliminary »

U.S. December consumer…

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