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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

HSY

Hershey

$107.44

0.34 (0.32%)

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MSADY

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AMGN

Amgen

$169.00

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GE

General Electric

$24.39

-0.21 (-0.85%)

, ABB

ABB

$23.13

-0.01 (-0.04%)

18:39
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ABB

ABB

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LZB

La-Z-Boy

$24.95

-6.3 (-20.16%)

, AMZN

Amazon.com

$958.00

-8.9 (-0.92%)

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Periodicals
La-Z-Boy in talks with Amazon over youth shopper outreach, MarketWatch reports »

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La-Z-Boy

$24.95

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AMZN

Amazon.com

$958.00

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VLKAY

Volkswagen

$30.67

0.19 (0.62%)

18:14
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Periodicals
VW to launch two-tone compact SUV, Bloomberg says »

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F

Ford

$10.71

0.06 (0.56%)

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Ford names Jason Luo as chairman, CEO of Ford China »

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BA

Boeing

$238.09

-1.66 (-0.69%)

, LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

17:47
08/23/17
08/23
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Periodicals
Boeing 'disappointed' company not chosen for cruise missile deal, Bloomberg says »

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BA

Boeing

$238.09

-1.66 (-0.69%)

LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

RTN

Raytheon

$178.19

-1.03 (-0.57%)

03/08/13
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HBM

Hudbay Minerals

$8.50

0.2 (2.41%)

17:44
08/23/17
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Hot Stocks
Hudbay Minerals acquires 10.76M common shares of Mason Resources »

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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

17:32
08/23/17
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17:32
Hot Stocks
Breaking Hot Stocks news story on HP Inc. »

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GES

Guess

$12.48

0.11 (0.89%)

, TLYS

Tilly's

$9.60

0.88 (10.09%)

17:29
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GES

Guess

$12.48

0.11 (0.89%)

TLYS

Tilly's

$9.60

0.88 (10.09%)

WSM

Williams-Sonoma

$43.40

0.55 (1.28%)

PVH

PVH Corp.

$120.04

-0.28 (-0.23%)

YUME

YuMe

$5.15

0.09 (1.78%)

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

HEI

Heico

$81.11

-0.95 (-1.16%)

GBT

Global Blood Therapeutics

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MATX

Matson

$24.02

0.24 (1.01%)

17:28
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TCMD

Tactile Systems

$33.90

0.78 (2.36%)

17:24
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Syndicate
Breaking Syndicate news story on Tactile Systems »

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TCMD

Tactile Systems

$33.90

0.78 (2.36%)

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Syndicate
Breaking Syndicate news story on Tactile Systems »

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CIVI

Civitas Solutions

$18.30

-0.1 (-0.54%)

17:21
08/23/17
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17:21
Recommendations
Civitas Solutions analyst commentary  »

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LLL

L3 Technologies

$179.28

-1.39 (-0.77%)

17:20
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Hot Stocks
L3 Technologies awarded $172.9M government contract modification »

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BA

Boeing

$238.08

-1.67 (-0.70%)

17:19
08/23/17
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Hot Stocks
Boeing awarded $222.5M government contract modification »

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RTN

Raytheon

$178.19

-1.03 (-0.57%)

17:18
08/23/17
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17:18
Hot Stocks
Raytheon awarded approximately $900M government contract »

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LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

17:17
08/23/17
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17:17
Hot Stocks
Lockheed Martin awarded approximately $900M government contract »

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  • 23

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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

, SSNLF

Samsung

$2,020.00

-10 (-0.49%)

17:11
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17:11
Hot Stocks
HP Inc. sees Samsung deal closing in Q4 »

HP Inc. (HPQ) said it saw…

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

SSNLF

Samsung

$2,020.00

-10 (-0.49%)

03/08/13
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  • 23

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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

17:09
08/23/17
08/23
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08/23/17
17:09
Hot Stocks
HP Inc.: Company outgrew PC market unit growth in Q2 »

Says investing in…

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TDG

TransDigm

$271.82

-3.52 (-1.28%)

17:08
08/23/17
08/23
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17:08
Hot Stocks
TransDigm declares special dividend of $22.00 per share »

TransDigm has authorized…

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ROG

Rogers Corporation

$115.31

-0.67 (-0.58%)

17:01
08/23/17
08/23
17:01
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17:01
Hot Stocks
Rogers Corporation director sells 3,500 common shares »

In a regulatory filing,…

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  • 06

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  • 08

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  • 09

    Sep

GES

Guess

$12.48

0.11 (0.89%)

16:59
08/23/17
08/23
16:59
08/23/17
16:59
Hot Stocks
Breaking Hot Stocks news story on Guess »

Guess up 10% to $13.70…

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  • 23

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    Sep

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

16:56
08/23/17
08/23
16:56
08/23/17
16:56
Hot Stocks
HP Inc. raises FY17 free cash flow view to at least $3B from $2.3B-$2.6B »

Guidance taken from…

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