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SONC

Sonic

$26.74

0.64 (2.45%)

04:55
12/02/16
12/02
04:55
12/02/16
04:55

Sonic downgraded to Neutral from Buy at Longbow

  • 09

    Jan

SONC Sonic
$26.74

0.64 (2.45%)

10/25/16
SPHN
10/25/16
DOWNGRADE
SPHN
Equal Weight
Sonic downgraded to Equal Weight from Overweight at Stephens
10/25/16
10/25/16
DOWNGRADE
Target $26

Equal Weight
Sonic downgraded to Equal Weight at Stephens
As previously reported, Stephens analyst Will Slabaugh downgraded Sonic to Equal Weight from Overweight after the company reported "disappointing" quarterly results and guidance. While the analyst continues to believe Sonic will eventually attain a more appropriate franchised multiple as sales improve, a lack of earnings or sales visibility will limit stock appreciation in the coming quarters. He also lowered his price target on the shares to $26 from $32.
10/25/16
10/25/16
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. T-Mobile (TMUS) downgraded to Buy from Conviction Buy at Goldman with analyst Brett Feldman citing recent share outperformance. 2. Under Armour (UA) downgraded to Market Perform from Outperform at William Blair with analyst Sharon Zackfia saying the company's investments will constrain earnings growth to the mid-teens through 2018. 3. Visa (V) downgraded to Neutral from Buy at Guggenheim. 4. Sonic (SONC) downgraded to Market Perform from Outperform at Telsey Advisory and to Equal Weight from Overweight at Stephens. 5. VF Corp. downgraded to Neutral from Overweight at JPMorgan, to Neutral from Buy at Citi, and to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/25/16
PIPR
11/25/16
NO CHANGE
PIPR
Piper thinks blocking of Overtime Rule came too late
An Obama-appointed judge in Texas surprisingly blocked the Overtime Rule set to take effect on December 1, Piper Jaffray analysts in the Hardlines Retail & Specialty Products space tell investors in a research note. The analysts say that regardless of whether the injunction is upheld, their research suggests that the ruling comes too late for larger companies to pull back on the planned Overtime Rule change. Payroll and IT systems are likely set to adjust this coming Sunday, they point out. Piper's analysts expect the expense headwinds from the OT rule change for retailers/restaurants to remain in place. The retailers they believe that are most impacted from the rule are Dollar General (DG), Dollar Tree (DLTR), Regis (RGS) and Sally Beauty (SBH). The restaurants they believe are most impacted are Bojangles (BOJA), Starbucks (SBUX), Sonic (SONC), Noodles & Company (NDLS), Potbelly (PBPB), Del Taco (TACO) and Zoe's Kitchen (ZOES).

TODAY'S FREE FLY STORIES

PHM

PulteGroup

$24.04

-0.24 (-0.99%)

19:58
06/22/17
06/22
19:58
06/22/17
19:58
Initiation
PulteGroup initiated  »

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DHI

D.R. Horton

$33.47

-0.5 (-1.47%)

19:58
06/22/17
06/22
19:58
06/22/17
19:58
Initiation
D.R. Horton initiated  »

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CAA

CalAtlantic

$34.80

-0.34 (-0.97%)

19:57
06/22/17
06/22
19:57
06/22/17
19:57
Initiation
CalAtlantic initiated  »

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BZH

Beazer Homes

$13.01

0.03 (0.23%)

19:57
06/22/17
06/22
19:57
06/22/17
19:57
Initiation
Beazer Homes initiated  »

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MTH

Meritage Homes

$40.40

-0.4 (-0.98%)

19:57
06/22/17
06/22
19:57
06/22/17
19:57
Initiation
Meritage Homes initiated  »

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TOL

Toll Brothers

19:57
06/22/17
06/22
19:57
06/22/17
19:57
Initiation
Toll Brothers initiated  »

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LEN

Lennar

$52.41

-0.84 (-1.58%)

19:57
06/22/17
06/22
19:57
06/22/17
19:57
Initiation
Lennar initiated  »

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KBH

KB Home

$22.23

-0.1 (-0.45%)

19:57
06/22/17
06/22
19:57
06/22/17
19:57
Initiation
KB Home initiated  »

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  • 27

    Jun

MHK

Mohawk

$242.70

-0.22 (-0.09%)

19:27
06/22/17
06/22
19:27
06/22/17
19:27
Initiation
Mohawk initiated  »

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FBHS

Fortune Brands

$65.09

0.06 (0.09%)

19:27
06/22/17
06/22
19:27
06/22/17
19:27
Initiation
Fortune Brands initiated  »

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JELD

JELD-WEN Holding

$34.60

-0.29 (-0.83%)

19:26
06/22/17
06/22
19:26
06/22/17
19:26
Initiation
JELD-WEN Holding initiated  »

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IBP

Installed Building Products

$52.75

-1 (-1.86%)

19:26
06/22/17
06/22
19:26
06/22/17
19:26
Initiation
Installed Building Products initiated  »

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OC

Owens Corning

$66.42

-0.85 (-1.26%)

19:26
06/22/17
06/22
19:26
06/22/17
19:26
Initiation
Owens Corning initiated  »

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WHR

Whirlpool

$195.16

1.35 (0.70%)

19:26
06/22/17
06/22
19:26
06/22/17
19:26
Initiation
Whirlpool initiated  »

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MAS

Masco

$38.82

0.06 (0.15%)

19:26
06/22/17
06/22
19:26
06/22/17
19:26
Initiation
Masco initiated  »

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LEG

Leggett & Platt

$52.66

-0.16 (-0.30%)

19:26
06/22/17
06/22
19:26
06/22/17
19:26
Initiation
Leggett & Platt initiated  »

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USG

USG

$29.29

0.35 (1.21%)

19:26
06/22/17
06/22
19:26
06/22/17
19:26
Initiation
USG initiated  »

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CSTE

Caesarstone

$35.20

1.05 (3.07%)

19:26
06/22/17
06/22
19:26
06/22/17
19:26
Initiation
Caesarstone initiated  »

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GOOG

Alphabet

$957.09

-2.36 (-0.25%)

, GOOGL

Alphabet Class A

$976.62

-1.97 (-0.20%)

19:18
06/22/17
06/22
19:18
06/22/17
19:18
Hot Stocks
YouTube says reaches 1.5B monthly users »

In a blog post Thursday,…

GOOG

Alphabet

$957.09

-2.36 (-0.25%)

GOOGL

Alphabet Class A

$976.62

-1.97 (-0.20%)

03/08/13
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  • 28

    Jun

  • 28

    Jun

  • 19

    Jul

AHH

Armada Hoffler

$13.70

-0.07 (-0.51%)

19:08
06/22/17
06/22
19:08
06/22/17
19:08
Downgrade
Armada Hoffler rating change  »

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  • 01

    Aug

SBUX

Starbucks

$59.51

-0.45 (-0.75%)

18:59
06/22/17
06/22
18:59
06/22/17
18:59
Initiation
Starbucks initiated  »

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  • 23

    Aug

GPMT

Granite Point Mortgage

18:16
06/22/17
06/22
18:16
06/22/17
18:16
Syndicate
Granite Point Mortgage 10M share IPO priced at $19.50 »

The deal priced below the…

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  • 23

    Jun

TWO

Two Harbors

$10.39

0.02 (0.19%)

, GPMT

Granite Point Mortgage

18:15
06/22/17
06/22
18:15
06/22/17
18:15
Hot Stocks
Two Harbors to contribute commercial real estate assets to Granite Point »

Two Harbors Investment…

TWO

Two Harbors

$10.39

0.02 (0.19%)

GPMT

Granite Point Mortgage

03/08/13
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  • 23

    Jun

GE

General Electric

$27.55

-0.23 (-0.83%)

18:05
06/22/17
06/22
18:05
06/22/17
18:05
Hot Stocks
Concept Laser, LAUAK sign LOI for additive manufacturing collaboration »

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  • 22

    Jun

  • 02

    Oct

BBBY

Bed Bath & Beyond

$33.74

0.08 (0.24%)

18:05
06/22/17
06/22
18:05
06/22/17
18:05
Hot Stocks
Breaking Hot Stocks news story on Bed Bath & Beyond »

Bed Bath & Beyond…

03/08/13
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03/08/13
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  • 22

    Jun

  • 29

    Jun

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