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DE

Deere

$102.44

2.24 (2.24%)

, TRV

Travelers

$114.50

1.15 (1.01%)

10:37
12/01/16
12/01
10:37
12/01/16
10:37

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Deere (DE) upgraded to Buy from Neutral at BofA/Merrill with analyst Ross Gilardi saying Deere trades at a steep discount to Caterpillar (CAT), North American agricultural demand is at a 20-year lows, C&F is a potential US fiscal stimulus beneficiary and margins should only get better, and corn and oil prices are directionally correlated. 2. Travelers (TRV) upgraded to Buy from Neutral at Citi with analyst James Naklicki saying he expects auto results to remain poor, but for development to rebound and the stock to recover. 3. Anadarko (APC) and EOG Resources (EOG) were upgraded to Buy from Hold at Stifel with analyst Michael Scialla saying he sees reduced risk and strong long-term growth. 4. American Axle (AXL) upgraded to Buy from Hold at Deutsche Bank with analyst Rod Lache saying he believes the Trump administration's pro-growth changes particularly benefit companies with leverage to U.S. pickups, commercial trucks, and construction machinery. 5. Cracker Barrel (CBRL) upgraded to Buy from Hold at Argus with analyst John Staszak saying he is upbeat on the company's strategy of emphasizing both value meals and more expensive menu items, and he notes that its comp sales have risen for ten consecutive quarters. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

DE

Deere

$102.44

2.24 (2.24%)

TRV

Travelers

$114.50

1.15 (1.01%)

APC

Anadarko

$69.87

0.72 (1.04%)

AXL

American Axle

$16.57

0.91 (5.81%)

EOG

EOG Resources

$105.02

2.495 (2.43%)

  • 01

    Dec

  • 13

    Dec

  • 10

    Jan

DE Deere
$102.44

2.24 (2.24%)

12/01/16
12/01/16
UPGRADE
Target $124

Buy
Deere upgraded to Buy, guidance seems conservative, says BofA/Merrill
As previously reported, BofA/Merrill upgraded Deere (DE) Buy from Neutral and raised its price target to $124 from $92 Analyst Ross Gilardi believes Deere's FY17 guidance is conservative and his revised earnings estimate of $4.60 is 7% above consensus. Gilardi said Deere trades at a steep discount to Caterpillar (CAT), North American ag demand is at a 20-year lows, C&F is a potential US fiscal stimulus beneficiary and margins should only get better, and corn and oil prices are directionally correlated.
12/01/16
BOFA
12/01/16
UPGRADE
BOFA
Buy
Deere upgraded to Buy from Neutral at BofA/Merrill
11/28/16
11/28/16
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. Deere (DE) upgraded to Neutral from Underweight at Piper Jaffray with analyst Brett Wong saying investors will likely continue to pay "lofty multiples" since a bottom of the cycle is close. 2. ConocoPhillips (COP) upgraded to Conviction Buy from Neutral at Goldman with analyst Neil Mehta saying ConocoPhillips offers the most attractive free cash yield among U.S. majors/E&P and believes the company will grow its production through the ned of the decade. 3. Comerica (CMA) upgraded to Buy from Hold at Jefferies with analyst Ken Usdin saying the company's earnings are likely to benefit more than peers from higher short-term interest rates and a potentially lower Federal tax rate. 4. DuPont Fabros (DFT) upgraded to Outperform from Neutral at Baird with analyst David Rodgers citing its future development opportunity, solid corporate execution, and valuation. 5. Horizon Pharma (HZNP) upgraded to Buy from Neutral at Citi analyst Liav Abraham saying the risk/reward as favorable into the upcoming pivotal data for Actimmune in Friederich's Ataxia. 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
BMOC
11/28/16
NO CHANGE
BMOC
Deere price target raised to $120 from $96 at BMO Capital
BMO Capital analyst Joel Tiss raised his price target on Deere after the company reported stronger than expected Q4 results. The analyst says that the company's outlook has improved significantly, and he notes that it said that agricultural markets have bottomed. Tiss keeps an Outperform rating on the shares.
TRV Travelers
$114.50

1.15 (1.01%)

12/01/16
12/01/16
UPGRADE
Target $130

Buy
Travelers upgraded to Buy at Citi on development rebound, higher rates
As previously reported, Citi analyst James Naklicki upgraded Travelers to Buy from Neutral as he expects auto results to remain poor, but for development to rebound and the stock to recover. Travelers should also benefit from higher rates, as Naklicki expects the company to "drag its feet" on factoring in lower tax rates into pricing, the analyst tells investors. He raised his price target on Travelers shares to $130 from $119.
12/01/16
SBSH
12/01/16
UPGRADE
SBSH
Buy
Travelers upgraded to Buy from Neutral at Citi
11/17/16
WBLR
11/17/16
DOWNGRADE
WBLR
Underperform
Travelers downgraded to Underperform from Market Perform at William Blair
William Blair analyst Adam Klauber downgraded Travelers to Underperform saying investors should take a more cautious approach to most commercial Property & Casualty Insurance stocks in the near term. The analyst expects underwriting margins to contract and lead to lower earnings in 2017 and 2018.
06/28/16
06/28/16
UPGRADE
Target $127

Buy
Travelers upgraded to Buy on US exposure at BofA/Merrill
As previously reported, BofA/Merrill upgraded Travelers to Buy from Neutral and raised its price target $127 from $123. Analyst Jay Cohen said Travelers is very well positioned given its US operations and a very small percent of revenues from the UK and Europe. Additionally, the analyst said slower US growth should have a limited impact on earnings as a bulk of its products are not discretionary and slower growth can result in reduced claims frequency.
APC Anadarko
$69.87

0.72 (1.04%)

11/11/16
11/11/16
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. Disney (DIS) upgraded to Equal Weight from Underweight at Barclays with analyst Kannan Venkateshwar saying ESPN is "de-risked" going into 2017 after management quantified the impact of the new NBA contract. 2. Aetna (AET) and Humana (HUM) were upgraded to Outperform from Neutral at Credit Suisse, while the firm upgraded WellCare (WCG) to Neutral from Underperform. 3. Anadarko (APC) and EOG Resources (EOG) were upgraded to Buy from Neutral at Guggenheim. 4. Tiffany (TIF) upgraded to Outperform from Market Perform at Cowen with analyst Oliver Chen saying he believes the luxury market is coming back and Tiffany is well positioned and a trusted brand. 5. Vornado (VNO) upgraded to Buy from Neutral at BofA/Merrill with analyst James Feldman saying he believes the decision to spin DC and partner with JBG will allow management to focus on the New York City platform and notes the Penn Plaza corridor is rapidly improving. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/16
11/02/16
UPGRADE
Target $77

Outperform
Anadarko upgraded to Outperform on outperformance at Credit Suisse
As previously reported, Credit Suisse upgraded Anadarko to Outperform from Neutral. Analyst Edward Westlake raised his price target to $77 from $70 on Anadarko based on Delaware Estimated Ultimate Recovery's, some option value for Proven Undeveloped Reserves in gassy disposals, some value for Cote D'Ivoire and two extra tiebacks in the Gulf of Mexico per year. He expects Anadarko to continue to monetize assets to reduce debt and to focus on core areas of Delaware, Wattenberg, and Deepwater Gulf of Mexico.
12/01/16
STFL
12/01/16
UPGRADE
STFL
Buy
Anadarko upgraded to Buy from Hold at Stifel
Stifel analyst Michael Scialla upgraded Anadarko to Buy with an $86 price target. The OPEC agreement to cut production resulted in Stifel raising its 2017 oil price forecast to $55/bbl from $50bbl. Scialla had been concerned about Anadarko's lack of hedges and downside oil price risk prior to the announcement but now sees reduced risk and strong long-term growth.
11/11/16
GUGG
11/11/16
UPGRADE
GUGG
Buy
Anadarko upgraded to Buy from Neutral at Guggenheim
AXL American Axle
$16.57

0.91 (5.81%)

11/16/16
KEYB
11/16/16
DOWNGRADE
KEYB
Sector Weight
American Axle downgraded on acquisition, headwinds at KeyBanc
As noted earlier, KeyBanc downgraded American Axle (AXL) to Sector Weight from Overweight. Analyst Brett Hoselton says that the company's acquisition of Metaldyne (MPG) does not appear to have accomplished its goals of diversifying its geographic focus and its customer base. Additionally, the analyst expects the company to be hurt by slowing light vehicle production growth in North America and its loss of 25% of the GM (GM) replacement business.
12/01/16
12/01/16
UPGRADE
Target $20

Buy
American Axle upgraded to Buy on better U.S. auto outlook at Deutsche Bank
As previously reported, Deutsche Bank analyst Rod Lache upgraded American Axle to Buy from Hold as he believes the Trump administration's pro-growth changes particularly benefit companies with leverage to U.S. pickups, commercial trucks, and construction machinery. Consensus expectations for automotive OEMs may have become overly cautious and the potential for near-term cyclical downside for the auto industry has diminished following the election, add Lache, who lowered his price target on American Axle shares to $20 from $21.
12/01/16
DBAB
12/01/16
UPGRADE
DBAB
Buy
American Axle upgraded to Buy from Hold at Deutsche Bank
11/15/16
KEYB
11/15/16
DOWNGRADE
KEYB
Sector Weight
American Axle downgraded to Sector Weight from Overweight at KeyBanc
EOG EOG Resources
$105.02

2.495 (2.43%)

11/15/16
LYON
11/15/16
UPGRADE
Target $105
LYON
Outperform
EOG Resources upgraded to Outperform on Yates deal at CLSA
As previously reported, CLSA upgraded EOG to Outperform and increased its price target to $105 from $102. Analyst Asit Sen said the Yates transaction is a positive strategic move as it adds to the platform with 6000 premium locations and sees significant further upside from EOG's technical innovation and operating excellence.
11/15/16
11/15/16
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. Fortinet (FTNT) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Melissa Gorham saying she is more constructive on Fortinet heading into fiscal 2017 given the stable demand environment, free cash flow generation, easier comps, and more durable renewals. 2. Advance Auto Parts (AAP) upgraded to Strong Buy from Outperform at Raymond James and to Positive from Neutral at Susquehanna following the company's quarterly report. 3. Chevron (CVX) upgraded to Buy from Outperform at CLSA while the firm also upgraded EOG Resources (EOG) to Outperform from Underperform. 4. Harley-Davidson (HOG) upgraded to Sector Perform from Underperform at RBC Capital with analyst Joseph Spak saying that risks to the company's growth have dissipated, partly due to the potential of President-elect Trump's policies to spark increased consumer spending. 5. Cheesecake Factory (CAKE) upgraded to Buy from Hold at Argus with analyst John Staszak saying investors should be attracted to Cheesecake by its dividend hikes, share repurchases, and ability to open new stores while generating consistent comparable sales growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/16/16
SOCO
11/16/16
UPGRADE
SOCO
Overweight
EOG Resources upgraded to Overweight from Equalweight at Capital One
12/01/16
STFL
12/01/16
UPGRADE
Target $120
STFL
Buy
EOG Resources upgraded to Buy from Hold at Stifel
Stifel analyst Michael Scialla upgraded EOG Resources to Buy with a $120 price target. The OPEC agreement to cut production resulted in Stifel raising its 2017 oil price forecast to $55/bbl from $50bbl. Scialla had been concerned about EOG's lack of hedges and downside oil price risk prior to the announcement but now sees reduced risk and strong long-term growth.

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ETSY

Etsy

$12.72

0.21 (1.68%)

, SHOP

Shopify

$61.75

-0.98 (-1.56%)

08:40
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Recommendations
Etsy, Shopify, Stamps.com analyst commentary  »

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ERIC

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SNCR

Synchronoss

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REGN

Regeneron

$361.01

0.05 (0.01%)

, SNY

Sanofi

$42.70

0.19 (0.45%)

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$361.01

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SNY

Sanofi

$42.70

0.19 (0.45%)

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LAUR

Laureate Education

$13.24

0.06 (0.46%)

08:38
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Laureate Education initiated  »

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INVH

Invitation Homes

$21.60

0.02 (0.09%)

08:37
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FNB

F.N.B.

$15.65

-0.02 (-0.13%)

, YDKN

Yadkin Financial

$33.42

-0.14 (-0.42%)

08:37
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FNB

F.N.B.

$15.65

-0.02 (-0.13%)

YDKN

Yadkin Financial

$33.42

-0.14 (-0.42%)

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ENB

Enbridge

$41.34

-0.37 (-0.89%)

, SE

Spectra Energy

$40.68

-0.32 (-0.78%)

08:36
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Hot Stocks
Enbridge, Spectra Energy complete merger »

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ENB

Enbridge

$41.34

-0.37 (-0.89%)

SE

Spectra Energy

$40.68

-0.32 (-0.78%)

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OTIV

On Track Innovations

$1.99

-0.08 (-3.86%)

08:35
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On Track Innovations announces appointment of VP of Sales »

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XLK

Technology Select Sector SPDR

$52.63

0.12 (0.23%)

08:35
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Technical Analysis
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EV

Eaton Vance

$46.96

-0.24 (-0.51%)

08:35
02/27/17
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Eaton Vance expands presence in Japan »

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SSRI

Silver Standard

$11.53

0.63 (5.78%)

08:35
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Recommendations
Silver Standard analyst commentary  »

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WFC

Wells Fargo

$57.81

-0.68 (-1.16%)

08:35
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Buffett says Wells Fargo made 'huge mistake' »

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XLE

Energy Select Sector SPDR

$70.99

-0.67 (-0.93%)

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Technical Analysis
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XLY

Consumer Discretionary Sector SPDR

$86.92

0.4 (0.46%)

08:34
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ENFC

Entegra Financial

$23.15

0.05 (0.22%)

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XLB

S&P Select Materials SPDR

$52.43

0.11 (0.21%)

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Technical Analysis
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XLU

Utilities SPDR

$51.59

0.77 (1.52%)

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Technical Analysis
Utilities SPDR: Pivot points »

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AMPE

Ampio

$0.80

-0.0312 (-3.75%)

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CLSN

Celsion

$0.21

-0.0229 (-9.83%)

08:33
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Hot Stocks
Celsion sees OVATION study to be fully enrolled, data to come in Q2 »

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XLP

Consumer Staples Sector SPDR

$55.28

0.19 (0.34%)

08:33
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Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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XLV

Health Care Select Sector SPDR

$74.78

0.36 (0.48%)

08:33
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Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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SNCR

Synchronoss

$30.49

-0.37 (-1.20%)

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Synchronoss names John Frederick as CFO, effective immediately »

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IWM

iShares Trust Russell 2000 Index Fund

$138.65

-0.1 (-0.07%)

08:32
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Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

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