Breaking News Instant updates and real-time market news.

SNAP

Snap

$26.91

-0.18 (-0.66%)

, JCI

Johnson Controls

$41.79

-0.27 (-0.64%)

10:29
03/06/17
03/06
10:29
03/06/17
10:29

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Snap (SNAP) initiated with an Underperform at Needham. 2. Johnson Controls (JCI) initiated with a Neutral at JPMorgan. 3. Regency Centers (REG) reinstated with an Equal Weight at Barclays. 4. Limbach Holding (LMB) initiated with a Buy at Roth Capital. 5. Enbridge (ENB) coverage resumed with an Outperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

SNAP

Snap

$26.91

-0.18 (-0.66%)

JCI

Johnson Controls

$41.79

-0.27 (-0.64%)

REG

Regency Centers

$66.86

-0.88 (-1.30%)

LMB

Limbach Holding

$14.10

0.1 (0.71%)

ENB

Enbridge

$41.06

0.105 (0.26%)

  • 06

    Mar

  • 06

    Mar

  • 06

    Mar

  • 12

    Mar

SNAP Snap
$26.91

-0.18 (-0.66%)

03/03/17
SUSQ
03/03/17
INITIATION
Target $22
SUSQ
Neutral
Snap initiated with a Neutral at Susquehanna
Susquehanna initiated Snap with a Neutral and a $22 price target.
03/03/17
03/03/17
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. Kite Pharma (KITE) downgraded to Hold from Buy at Stifel with analyst Thomas Shrader citing valuation. 2. Nutanix (NTNX) downgraded to Underweight at Morgan Stanley with analyst Katy Huberty saying she expects weaker results to continue given a more crowded market, slower OEM growth, fewer deals, and rising DRAM costs, among other reasons. 3. Snap (SNAP) downgraded to Underweight from Neutral at Atlantic Equities with analyst James Cordwell citing premium valuation and maintained its $14 price target. Cordwell believes the current multiple is unsustainable given unproven monetization potential, challenges re-accelerating user growth, and structurally lower profitability. 4. Kroger (KR) downgraded to Buy from Conviction Buy at Goldman with analyst Stephen Tanal saying the fourth quarter update demonstrated Kroger's competitive edge as eroded a bit and suggest the company is losing share to key competitor Wal-Mart (WMT), which accelerated its grocery business in Q4. 5. Southern Company (SO) downgraded to Hold from Buy at Argus with analyst Katelyn Bayone citing significant delays and cost overruns at its Kemper County plant. The analyst said Southern has now pushed back the commercial operation of the Kemper "clean-coal" plant to mid-March. The plant was originally scheduled to open in 2013, though the opening has been repeatedly pushed back. Bayone said the plant's economic viability has become less certain due to lower-than-expected natural gas prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/06/17
NEED
03/06/17
INITIATION
NEED
Underperform
Snap initiated with an Underperform at Needham
Needham analyst Laura Martin started recent IPO Snap (SNAP) with an Underperform rating. The company's total addressable market in is 80% smaller than Facebook's (FB), and it already has 50% penetration of this market in the U.S., Martin tells investors in a research note. Further, Snap has no ability to prevent copy-cats from stealing its best ideas, the analyst contends. She estimates the stock's value at $19-$23 per share.
03/03/17
03/03/17
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. Snap (SNAP) initiated with a Neutral at Susquehanna. 2. GoPro (GPRO) initiated with a Sell and an $8 price target at Citi. 3. Wayfair (W) assumed with an Overweight at Piper Jaffray. 4. Paycom (PAYC) initiated with a Buy at Mizuho. 5. Restoration Hardware (RH) assumed with a Neutral at Piper Jaffray. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
JCI Johnson Controls
$41.79

-0.27 (-0.64%)

03/06/17
JPMS
03/06/17
INITIATION
Target $44
JPMS
Neutral
Johnson Controls initiated with a Neutral at JPMorgan
JPMorgan analyst C. Stephen Tusa started Johnson Controls with a Neutral rating and $44 price target. The analyst sees a balanced risk/reward profile at current share levels.
12/12/16
GSCO
12/12/16
DOWNGRADE
Target $50
GSCO
Buy
Johnson Controls downgraded to Buy from Conviction Buy at Goldman
02/14/17
ARGS
02/14/17
DOWNGRADE
ARGS
Hold
Johnson Controls downgraded to Hold from Buy at Argus
Argus analyst John Eade downgraded Johnson Controls as he says that the company's revenue is growing more slowly than he had expected, while the stock's technicals indicate that it will decline further.
12/12/16
12/12/16
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. CVS Health (CVS) downgraded to Hold from Buy at Jefferies with analyst Brian Tanquilut saying retail pharmacy market share losses are likely to limit the company's ability to post meaningful earnings upside over the next 12 months. 2. Johnson Controls (JCI) downgraded to Buy from Conviction Buy at Goldman. 3. Ophthotech (OPHT) downgraded to Neutral from Buy at Chardan, to Hold from Buy at SunTrust, and to Neutral from Overweight at JPMorgan. 4. Thermo Fisher (TMO) downgraded to Buy from Conviction Buy at Goldman with analyst Isaac Ro citing lack of near-term catalysts due to a more mixed end market outlook for 2017. 5. WebMD (WBMD) downgraded to Outperform from Strong Buy at Raymond James with analyst Nicholas Jensen citing recent share strength. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
REG Regency Centers
$66.86

-0.88 (-1.30%)

03/02/17
SBSH
03/02/17
INITIATION
Target $72
SBSH
Neutral
Regency Centers resumed with a Neutral at Citi
Citi analyst Michael Bilerman resumed coverage of Regency Centers with a Neutral rating and $72 price target.
03/06/17
LEHM
03/06/17
INITIATION
Target $72
LEHM
Equal Weight
Regency Centers reinstated with an Equal Weight at Barclays
Barclays analyst Linda Tsai reinstated Regency Centers with an Equal Weight rating and $72 price target.
03/02/17
03/02/17
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. Regency Centers (REG) resumed with a Neutral at Citi. 2. Electronic Arts (EA) and Activision Blizzard (ATVI) initiated with an Outperform at William Blair. 3. Parker-Hannifin (PH) resumed with an Overweight at Morgan Stanley. 4. Gran Tierra (GTE) coverage resumed with a Buy at Canaccord. 5. Mammoth Energy (TUSK) initiated with an Overweight at Capital One. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/19/17
RHCO
01/19/17
UPGRADE
RHCO
Buy
Regency Centers upgraded to Buy from Hold at SunTrust
LMB Limbach Holding
$14.10

0.1 (0.71%)

12/22/16
DADA
12/22/16
INITIATION
Target $16.5
DADA
Buy
Limbach Holding initiated with a Buy at DA Davidson
DA Davidson analyst Brent Thielman initiated Limbach Holding with a Buy and a $16.50 price target. The analyst believes the combination of expanding non-residential building markets, as well internal growth initiatives aimed at share gains and expanding its profitable Services platform, should produce attractive top- and bottom-line growth in the next two years.
03/06/17
ROTH
03/06/17
INITIATION
Target $17.5
ROTH
Buy
Limbach Holding initiated with a Buy at Roth Capital
Roth Capital analyst Gerry Sweeney started Limbach Holding with a Buy rating and $17.50 price target saying that revenue should grow in excess of 10% for the next several years, and EBITDA margins should expand toward 5% then 7% longer term as higher value Services revenue increases, industry prices firm and the company leverages SG&A.
ENB Enbridge
$41.06

0.105 (0.26%)

01/30/17
01/30/17
DOWNGRADE
Target $22

Neutral
Enbridge Energy downgraded to Neutral at Mizuho
As previously reported, Mizuho downgraded Enbridge Energy (EEP) to Neutral and lowered its price target to $22 from $29. Analyst Brian Zarahn said parent Enbridge's (ENB) financial assistance on Line 3 project and acquisition of only part of Enbridge Energy's gas business does not go far enough to improve investor confidence.
01/30/17
01/30/17
UPGRADE
Target $8

Neutral
Midcoast Energy upgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst John Edwards upgraded Midcoast Energy (MEP) to Neutral from Underperform after the company announced that it has entered into a definitive merger agreement with Enbridge Energy Company, an indirect subsidiary of Enbridge (ENB), where Enbridge Energy Company will acquire all outstanding Midcoast Energy units for $8/each. The analyst believes the $8 per unit is "fair" given declining volumes and 2017 EBITDA which he forecasts to be down 32% year over year. Edwards also raised his price target on Midcoast Energy's to $8 from $6.
01/18/17
SBSH
01/18/17
INITIATION
SBSH
Neutral
Enbridge resumed with a Neutral at Citi
Citi analyst Faisel Khan resumed coverage of Enbridge with a Neutral rating and C$60 price target.
03/06/17
BMOC
03/06/17
INITIATION
BMOC
Outperform
Enbridge coverage resumed with an Outperform at BMO Capital
BMO Capital analyst Ben Pham is upbeat on Enbridge's acquisition of Spectra Energy. The analyst thinks the deal improves the company's growth outlook and balance sheet. He believes that the deal will cause the company's free cash flow and stock price to rise. Target to $72 from $58.

TODAY'S FREE FLY STORIES

RBS

RBS

$6.00

0.115 (1.96%)

12:23
03/23/17
03/23
12:23
03/23/17
12:23
Periodicals
RBS to shutter 150 branches, cut nearly 800 jobs, FT says »

The Royal Bank of…

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

See Street Research during your Free Trial

ASIX

AdvanSix

$26.77

0.79 (3.04%)

12:23
03/23/17
03/23
12:23
03/23/17
12:23
Conference/Events
AdvanSix management to meet with Jefferies »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 27

    Mar

  • 28

    Mar

PVH

PVH Corp.

$98.68

7.83 (8.62%)

, F

Ford

$11.72

-0.05 (-0.42%)

12:21
03/23/17
03/23
12:21
03/23/17
12:21
General news
On The Fly: Top stock stories at midday »

Stocks opened lower as…

PVH

PVH Corp.

$98.68

7.83 (8.62%)

F

Ford

$11.72

-0.05 (-0.42%)

DIS

Disney

$112.76

0.68 (0.61%)

FEYE

FireEye

$11.49

0.05 (0.44%)

FIVE

Five Below

$38.13

-0.72 (-1.85%)

ONDK

On Deck Capital

$4.86

0.38 (8.48%)

PFPT

Proofpoint

$79.20

0.93 (1.19%)

ACN

Accenture

$121.92

-4.56 (-3.61%)

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

See Street Research during your Free Trial

  • 23

    Mar

  • 23

    Mar

  • 23

    Mar

  • 23

    Mar

  • 23

    Mar

  • 27

    Mar

  • 27

    Mar

  • 28

    Mar

  • 27

    Apr

  • 09

    May

  • 20

    Jun

12:20
03/23/17
03/23
12:20
03/23/17
12:20
General news
FX Action: USD-JPY has bounced »

FX Action: USD-JPY has…

GCI

Gannett

$8.21

0.09 (1.11%)

12:20
03/23/17
03/23
12:20
03/23/17
12:20
Conference/Events
Gannett management to meet with Stephens »

Meeting to be held in New…

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

See Street Research during your Free Trial

  • 10

    May

$NSD

NASDAQ Market Internals

12:17
03/23/17
03/23
12:17
03/23/17
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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

See Street Research during your Free Trial

TISA

Top Image Systems

$1.24

-0.0212 (-1.68%)

12:16
03/23/17
03/23
12:16
03/23/17
12:16
Hot Stocks
Breaking Hot Stocks news story on Top Image Systems »

Palogic Capital reports…

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

See Street Research during your Free Trial

$NYE

NYSE Market Internals

12:16
03/23/17
03/23
12:16
03/23/17
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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

See Street Research during your Free Trial

12:15
03/23/17
03/23
12:15
03/23/17
12:15
General news
Treasury Action: bonds are in limbo awaiting results the House ACA vote »

Treasury Action: bonds…

12:15
03/23/17
03/23
12:15
03/23/17
12:15
General news
Breaking General news story  »

Minneapolis Federal…

Z

Zillow

$35.29

0.12 (0.34%)

12:11
03/23/17
03/23
12:11
03/23/17
12:11
Options
Bearish flow in Zillow as shares falter »

Bearish flow in Zillow as…

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

See Street Research during your Free Trial

  • 09

    May

12:10
03/23/17
03/23
12:10
03/23/17
12:10
General news
U.S. equities are dusting themselves off »

U.S. equities are dusting…

ATEC

Alphatec

$2.68

-0.12 (-4.29%)

12:08
03/23/17
03/23
12:08
03/23/17
12:08
Syndicate
Alphatec announces $18.9M private placement »

H.C. Wainwright is acting…

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

See Street Research during your Free Trial

OA

Orbital ATK

$99.47

-0.075 (-0.08%)

12:08
03/23/17
03/23
12:08
03/23/17
12:08
Periodicals
SSL sues Orbital ATK over claims of confidential data theft, Reuters says »

Space Systems/Loral has…

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

See Street Research during your Free Trial

  • 23

    Mar

TRIP

TripAdvisor

$41.40

-0.31 (-0.74%)

, PCLN

Priceline

$1,751.99

4.85 (0.28%)

12:06
03/23/17
03/23
12:06
03/23/17
12:06
Hot Stocks
TripAdvisor strength attributed to takeover speculation »

The intraday move up in…

TRIP

TripAdvisor

$41.40

-0.31 (-0.74%)

PCLN

Priceline

$1,751.99

4.85 (0.28%)

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

See Street Research during your Free Trial

12:01
03/23/17
03/23
12:01
03/23/17
12:01
Conference/Events
Stephens transportation analysts hold an analyst/industry conference call »

Transportation Analysts…

BAC

Bank of America

$23.34

0.4 (1.74%)

12:01
03/23/17
03/23
12:01
03/23/17
12:01
Options
Today's four most active single stock options are calls on BofA »

Today's four most…

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

See Street Research during your Free Trial

LMT

Lockheed Martin

$270.93

1.51 (0.56%)

12:01
03/23/17
03/23
12:01
03/23/17
12:01
Hot Stocks
Lockheed Martin to expand production for F-35 components in Johnstown »

Lockheed Martin will…

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

See Street Research during your Free Trial

  • 23

    Mar

CEO

CNOOC

$118.68

3.25 (2.82%)

11:59
03/23/17
03/23
11:59
03/23/17
11:59
Upgrade
CNOOC rating change  »

CNOOC upgraded to…

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

See Street Research during your Free Trial

POL

PolyOne

$33.38

0.47 (1.43%)

11:59
03/23/17
03/23
11:59
03/23/17
11:59
Conference/Events
PolyOne management to meet with Jefferies »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 23

    Mar

  • 27

    Mar

GRBK

Green Brick

11:56
03/23/17
03/23
11:56
03/23/17
11:56
Hot Stocks
Green Brick Partners director acquires 20,000 common shares »

In a regulatory filing,…

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

See Street Research during your Free Trial

FLXN

Flexion

$19.68

0.14 (0.72%)

, SNY

Sanofi

$45.09

0.42 (0.94%)

11:56
03/23/17
03/23
11:56
03/23/17
11:56
Recommendations
Flexion, Sanofi analyst commentary  »

Flexion CFO departure…

FLXN

Flexion

$19.68

0.14 (0.72%)

SNY

Sanofi

$45.09

0.42 (0.94%)

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

See Street Research during your Free Trial

  • 27

    Mar

  • 29

    Mar

  • 10

    May

  • 06

    Oct

SAN

Banco Santander

$6.12

0.005 (0.08%)

11:55
03/23/17
03/23
11:55
03/23/17
11:55
Hot Stocks
Santander to improve consumer protections in Fed agreement »

Santander has agreed to…

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

See Street Research during your Free Trial

11:55
03/23/17
03/23
11:55
03/23/17
11:55
Conference/Events
Federal Reserve Bank of Minneapolis President speaks at conference »

Minneapolis Federal…

MAA

MAA

$101.99

0.72 (0.71%)

11:54
03/23/17
03/23
11:54
03/23/17
11:54
Conference/Events
MAA management to meet with Jefferies »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 27

    Mar

  • 28

    Mar

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.