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DFS

Discover

$72.38

-0.5177 (-0.71%)

, ETSY

Etsy

$12.40

0.43 (3.59%)

10:14
01/06/17
01/06
10:14
01/06/17
10:14

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Discover (DFS) initiated with a Buy at Compass Point. 2. Etsy (ETSY) initiated with a Neutral at Piper Jaffray. 3. Lennar (LEN) was initiated with an Overweight at Barclays, while the firm initiated KB Home (KBH) with an Underweight and Toll Brothers (TOL) with an Equal Weight. 4. Allscripts (MDRX) initiated with a Neutral at Cantor. 5. Transocean (RIG) initiated with a Sector Perform at Iberia. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

DFS

Discover

$72.38

-0.5177 (-0.71%)

ETSY

Etsy

$12.40

0.43 (3.59%)

LEN

Lennar

$44.21

-0.21 (-0.47%)

KBH

KB Home

$16.67

-0.41 (-2.40%)

TOL

Toll Brothers

$31.73

-0.13 (-0.41%)

MDRX

Allscripts

$10.53

-0.26 (-2.41%)

RIG

Transocean

$15.61

-0.01 (-0.06%)

  • 10

    Jan

  • 11

    Jan

  • 20

    Jan

  • 24

    Jan

DFS Discover
$72.38

-0.5177 (-0.71%)

12/07/16
12/07/16
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. 3M (MMM) upgraded to Sector Perform from Underperform at RBC Capital with analyst Deane Dray citing her belief that President-elect Trump's policies will provide "a second wind" to the economic expansion and the recent downturn in the stock. 2. Discover (DFS) upgraded to Outperform from Neutral at Wedbush. 3. Patterson-UTI (PTEN) upgraded to Neutral from Underweight at JPMorgan with analyst Sean Meakim citing the company's frac exposure and improved balance sheet. 4. AutoZone (AZO) upgraded to Overweight from Neutral at JPMorgan with analyst Christopher Horvers citing improved fundamentals and expectations for comp acceleration amid easier comparisons. 5. Avery Dennison (AVY) upgraded to Neutral from Underperform at BofA/Merrill with analyst George Staphos citing relative valuation and macro factors and said Avery is positive correlated to the U.S. 10-year yield. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/06/17
COMP
01/06/17
INITIATION
Target $82
COMP
Buy
Discover initiated with a Buy at Compass Point
Compass Point analyst William Ryan initiated Discover with a Buy and an $82 price target to reflect mid-single digit receivable growth, credit loss normalization in 2017, modest margin expansion, buybacks, and slight operating margin improvement.
01/06/17
SUSQ
01/06/17
DOWNGRADE
SUSQ
Neutral
Discover downgraded to Neutral from Positive at Susquehanna
12/15/16
BOFA
12/15/16
UPGRADE
Target $81
BOFA
Buy
Discover upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Kenneth Bruce upgraded Discover to Buy from Neutral and raised its price target to $81 from $69 to reflect a healthier macro environment and potentially lower taxes and easing regulation that could drive earnings upside. Bruce expects Discover to benefit from faster growth, better than expected credit performance, and lower tax rates.
ETSY Etsy
$12.40

0.43 (3.59%)

01/06/17
PIPR
01/06/17
INITIATION
Target $13.5
PIPR
Neutral
Etsy initiated with a Neutral at Piper Jaffray
Piper Jaffray analyst Samuel Kemp started Etsy with a Neutral rating and $13.50 price target. The analyst believes the shares are trading relatively close to fair value and sees better risk/reward profiles elsewhere.
12/20/16
STFL
12/20/16
INITIATION
Target $14
STFL
Hold
Etsy initiated with a Hold at Stifel
Stifel analyst Scott Devitt initiated Etsy with a Hold and a $14 price target saying valuation reflects opportunities.
01/05/17
01/05/17
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. MasterCard (MA) upgraded to Top Pick from Outperform at RBC Capital with analyst Daniel Perlin saying the company will benefit from improvements in the global economy, along with accelerating revenue growth, its recent acquisition of VocaLink, inflation, and new technological innovations. 2. Etsy (ETSY) upgraded to Buy from Hold at Loop Capital with analyst Blake Harper saying the company has done something most other retailers have not - fend off competition from Amazon (AMZN). The analyst does not expect Amazon to attract a meaningful share of Etsy shops and products. He raised his price target for Etsy shares to $16 from $14. 3. Chipotle (CMG) upgraded to Neutral from Underperform at Wedbush. 4. Progressive (PGR) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Kai Pan expecting core margins to inflect in 2017 due to a moderation in new business "drag," easier commercial auto comps in the second half of 2017, and sees additional upside from a lower tax rate and rising yield. 5. Southwest (LUV) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Rajeev Lalwani citing its Domestic exposure and defensive positioning. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/05/17
LOOP
01/05/17
UPGRADE
Target $16
LOOP
Buy
Etsy upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Blake Harper upgraded Etsy (ETSY) to Buy saying the company has done something most other retailers have not - fend off competition from Amazon (AMZN). Handmade by Amazon, despite launching in October 2015, has over 650,000 product listings compared to Etsy's 43M, Harper tells investors in a research note. The analyst does not expect Amazon to attract a meaningful share of Etsy shops and products. He raised his price target for Etsy shares to $16 from $14.
LEN Lennar
$44.21

-0.21 (-0.47%)

11/14/16
EVER
11/14/16
INITIATION
Target $55
EVER
Buy
Lennar initiated with a Buy at Evercore ISI
Evercore ISI analyst Stephen Kim initiated Lennar with a Buy and a $55 price target.
10/31/16
10/31/16
UPGRADE

Strong Buy
Lennar upgraded to Strong Buy at Raymond James
As previously reported, Raymond James upgraded Lennar to Strong Buy from Outperform. Analyst Buck Horne said WCI Communities' (WCIC) "go shop" period ended with no superior offers to Lennar's. He views Lennar's acquisition of WCI's 14k+ controlled Florida homesites as a unique opportunity at a compelling valuation, which will immediately enhance Lennar's core home building growth.
10/31/16
RAJA
10/31/16
UPGRADE
RAJA
Strong Buy
Lennar upgraded to Strong Buy from Outperform at Raymond James
01/05/17
LEHM
01/05/17
INITIATION
Target $50
LEHM
Overweight
Lennar initiated with an Overweight at Barclays
Barclays analyst Michael Dahl initiated Lennar with an Overweight and a $50 price target.
KBH KB Home
$16.67

-0.41 (-2.40%)

01/05/17
LEHM
01/05/17
INITIATION
Target $15
LEHM
Underweight
KB Home initiated with an Underweight at Barclays
Barclays analyst Michael Dahl started coverage of the U.S. Homebuilding & Building Products industry with a Neutral view and an Underweight rating for KB Home, on which he set a $15 price target.
11/14/16
EVER
11/14/16
INITIATION
Target $14
EVER
Hold
KB Home initiated with a Hold at Evercore ISI
Evercore ISI analyst Stephen Kim initiated KB Home with a Hold and a $14 price target.
09/29/16
WELS
09/29/16
INITIATION
WELS
Market Perform
KB Home initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Stephen East started KB Home with a Market Perform rating and $14-$18 price target range.
09/28/16
WELS
09/28/16
INITIATION
WELS
Market Perform
KB Home initiated with a Market Perform at Wells Fargo
TOL Toll Brothers
$31.73

-0.13 (-0.41%)

01/05/17
LEHM
01/05/17
INITIATION
Target $32
LEHM
Equal Weight
Toll Brothers initiated with an Equal Weight at Barclays
Barclays analysts Michael Dahl initiated Toll Brothers with an Equal Weight and a $32 price target.
12/06/16
WEDB
12/06/16
INITIATION
Target $32
WEDB
Neutral
Toll Brothers initiated with a Neutral at Wedbush
Wedbush analyst Jay McCanless initiated Wedbush with a Neutral and an $32 price target saying shares are fairly valued.
11/14/16
EVER
11/14/16
INITIATION
Target $29
EVER
Hold
Toll Brothers initiated with a Hold at Evercore ISI
Evercore ISI analyst Stephen Kim initiated Toll Brothers with a Hold and a $29 price target.
11/15/16
11/15/16
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. Clorox (CLX) coverage resumed with a Market Perform at Wells Fargo. 2. Owens Corning (OC) initiated with a Buy at Evercore ISI. 3. Barracuda (CUDA) initiated with an Outperform at Baird. 4. SolarEdge (SEDG) initiated with a Sell at Craig-Hallum. 5. Toll Brothers (TOL) initiated with a Hold at Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
MDRX Allscripts
$10.53

-0.26 (-2.41%)

12/13/16
MSCO
12/13/16
DOWNGRADE
MSCO
Underweight
Allscripts downgraded to Underweight from Overweight at Morgan Stanley
12/13/16
12/13/16
DOWNGRADE
Target $10

Underweight
Allscripts downgraded to Underweight on ACA uncertainty at Morgan Stanley
Morgan Stanley analyst Ricky Goldwasser assumed coverage on Allscripts and downgraded shares to Underweight from Overweight and lowered its price target to $10 from $16. The analyst believes potential changes to ACA will result in a slowdown in hospital spending until there is clarity, resulting in slower decision and undertaking of new healthcare IT projects. Goldwasser believes Allscripts could establish a new guidance range of 1%-5% on the Q4 conference call.
01/05/17
CANT
01/05/17
INITIATION
CANT
Neutral
Allscripts initiated with a Neutral at Cantor
12/02/16
DOTC
12/02/16
INITIATION
DOTC
Neutral
Allscripts initiated with a Neutral at Dougherty
Dougherty analyst Gene Mannheimer initiated Allscripts with a Neutral.
RIG Transocean
$15.61

-0.01 (-0.06%)

01/06/17
IBER
01/06/17
INITIATION
IBER
Sector Perform
Transocean initiated with a Sector Perform at Iberia
Iberia analyst Rob Minyard initiated Transocean with a Sector Perform and a $15 price target.
12/16/16
RBCM
12/16/16
DOWNGRADE
RBCM
Underperform
Transocean downgraded to Underperform from Sector Perform at RBC Capital
12/13/16
SOCO
12/13/16
UPGRADE
SOCO
Equalweight
Transocean upgraded to Equalweight from Underweight at Capital One
Capital One analyst Joseph Gibney upgraded Transocean to Equalweight. The shares are up 23c to $15.77 in pre-market trading.
12/16/16
RBCM
12/16/16
NO CHANGE
RBCM
Offshore drillers downgraded at RBC Capital
RBC Capital analyst Kurt Hallead downgraded the following offshore drillers to Underperform from Sector Perform: Rowan Companies (RDC), Oceaneering (OII), Diamond Offshore (DO), Transocean (RIG), Atwood Oceanics (ATW), and Noble Corp.(NE). Rowan target to $24 from $16, Oceaneering target to $24 from $26, Diamond Offshore target to $22 from $19, Transocean target to $17 from $11, Atwood target to $15 from $10, Noble Corp target $7.50. Hallead expects offshore drillers to underperform through 2017 as he believes that the space's fundamentals will "remain negative for the foreseeable future." The analyst says that inquiries about rigs are focused on 2018, and he expects pricing pressure and lower utilization to remain prevalent n 2017.

TODAY'S FREE FLY STORIES

02:40
01/18/17
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02:40
General news
FX Update: The dollar recouped some of yesterday's lost ground »

FX Update: The dollar…

C

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$58.38

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Goldman Sachs

$235.74

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Earnings
Notable companies reporting before tomorrow's open »

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Northern Trust

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TOSBF

Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

, TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

20:05
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Periodicals
Toshiba says considers spinoff of memory chip unit, Bloomberg reports »

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TOSBF

Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

WDC

Western Digital

$71.62

0.62 (0.87%)

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TM

Toyota

$118.41

-1.4 (-1.17%)

, AIQUY

Air Liquide

$21.97

-0.245 (-1.10%)

19:56
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01/17
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19:56
Hot Stocks
Thirteen energy, transport, industrial companies launch 'Hydrogen Council' »

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Toyota

$118.41

-1.4 (-1.17%)

AIQUY

Air Liquide

$21.97

-0.245 (-1.10%)

ALSMY

Alstom

NGLOY

Anglo American

$8.14

0.1 (1.24%)

BAMXY

BMW Group

DDAIF

Daimler AG

$75.35

-0.24 (-0.32%)

HMC

Honda

$29.66

-0.42 (-1.40%)

HYMLF

Hyundai Motor Co

RDS.A

Royal Dutch Shell

$55.54

0.06 (0.11%)

RDS.B

Royal Dutch Shell

$58.91

0.24 (0.41%)

LNAGF

Linde AG

$161.90

-0.15 (-0.09%)

TOT

Total

$51.51

-0.08 (-0.16%)

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  • 02

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NYT

New York Times

$13.50

-0.1 (-0.74%)

19:30
01/17/17
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19:30
Hot Stocks
New York Times releases internal report on newsroom strategy »

The New York Times has…

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ENRJ

EnerJex Resources

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Hot Stocks
EnerJex announces NYSE acceptance of plan to meet listing standards »

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GS

Goldman Sachs

$235.74

-8.56 (-3.50%)

19:19
01/17/17
01/17
19:19
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19:19
Periodicals
Goldman Sachs compliance chief to step down, Reuters says »

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TWTR

Twitter

$16.96

-0.29 (-1.68%)

19:13
01/17/17
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19:13
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19:13
Periodicals
Twitter phases out 'buy' button, TechCrunch says »

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  • 28

    Feb

HSBC

HSBC

$41.18

0.02 (0.05%)

19:04
01/17/17
01/17
19:04
01/17/17
19:04
Periodicals
HSBC CEO: Trading ops generating 20% of London revenue may move, Bloomberg says »

HSBC CEO Stuart Gulliver…

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HSBC

HSBC

$41.18

0.02 (0.05%)

19:02
01/17/17
01/17
19:02
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19:02
Periodicals
HSBC CEO: 10% RoE may be new goal, Bloomberg says »

HSBC CEO Stuart Gulliver…

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CWT

California Water Service

$33.05

0.05 (0.15%)

19:01
01/17/17
01/17
19:01
01/17/17
19:01
Initiation
California Water Service initiated  »

California Water Service…

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AWK

American Water

$72.07

1.25 (1.77%)

19:01
01/17/17
01/17
19:01
01/17/17
19:01
Initiation
American Water initiated  »

American Water initiated…

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TOSBF

Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

, TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

18:59
01/17/17
01/17
18:59
01/17/17
18:59
Periodicals
Toshiba: Considering spinning off chip unit, Bloomberg reports »

Responding to a Nikkei…

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Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

WDC

Western Digital

$71.62

0.62 (0.87%)

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  • 25

    Jan

KSU

Kansas City Southern

18:57
01/17/17
01/17
18:57
01/17/17
18:57
Initiation
Kansas City Southern initiated  »

Kansas City Southern…

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  • 20

    Jan

NSC

Norfolk Southern

$108.90

-2.69 (-2.41%)

18:57
01/17/17
01/17
18:57
01/17/17
18:57
Initiation
Norfolk Southern initiated  »

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  • 25

    Jan

UNP

Union Pacific

$103.37

-1.88 (-1.79%)

18:57
01/17/17
01/17
18:57
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18:57
Initiation
Union Pacific initiated  »

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  • 19

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AZO

AutoZone

$782.29

2.48 (0.32%)

18:54
01/17/17
01/17
18:54
01/17/17
18:54
Initiation
AutoZone initiated  »

AutoZone initiated with a…

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ORLY

O'Reilly Automotive

$278.76

-0.39 (-0.14%)

18:54
01/17/17
01/17
18:54
01/17/17
18:54
Initiation
O'Reilly Automotive initiated  »

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  • 08

    Feb

AAP

Advance Auto Parts

$173.00

-1.79 (-1.02%)

18:54
01/17/17
01/17
18:54
01/17/17
18:54
Initiation
Advance Auto Parts initiated  »

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ESTE

Earthstone Energy

$13.40

-0.18 (-1.33%)

18:51
01/17/17
01/17
18:51
01/17/17
18:51
Initiation
Earthstone Energy initiated  »

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MCK

McKesson

$148.43

1.25 (0.85%)

18:41
01/17/17
01/17
18:41
01/17/17
18:41
Upgrade
McKesson rating change  »

McKesson upgraded to…

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  • 25

    Jan

NRG

NRG Energy

$15.34

0.74 (5.07%)

18:38
01/17/17
01/17
18:38
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18:38
Hot Stocks
NRG Energy says 'looks forward to an open dialogue with Elliott and Bluescape' »

NRG Energy received a…

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  • 28

    Feb

LMCA

Liberty Media

$28.71

-1.53 (-5.06%)

, LMCK

Liberty Media

$28.72

-1.54 (-5.09%)

18:22
01/17/17
01/17
18:22
01/17/17
18:22
Hot Stocks
Liberty Media holders approve proposals relating to acquisition of Formula 1 »

Liberty Media announced…

LMCA

Liberty Media

$28.71

-1.53 (-5.06%)

LMCK

Liberty Media

$28.72

-1.54 (-5.09%)

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  • 17

    Jan

  • 17

    Jan

AUY

Yamana Gold

$3.26

0.09 (2.84%)

18:17
01/17/17
01/17
18:17
01/17/17
18:17
Hot Stocks
Yamana Gold announces resumption of operations at El Penon Mine in Chile »

Yamana Gold announced…

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CCJ

Cameco

$13.27

-0.02 (-0.15%)

18:14
01/17/17
01/17
18:14
01/17/17
18:14
Hot Stocks
Cameco down 9.5% after announcing FY16 results will be lower than expected »

In after-hours trading,…

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