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BAC

Bank of America

$24.86

-0.36 (-1.43%)

, AAPL

Apple

$139.99

-0.7 (-0.50%)

08:56
03/20/17
03/20
08:56
03/20/17
08:56

Notable open interest changes for March 20th

Friday's total option volume of 18.9 million contracts resulted in net open interest growth of 3.48 million calls and 3.79 million puts. Bank of America (BAC), Apple (AAPL), (SNAP) and Facebook (FB) saw the greatest growth. Top five new positions opened include 40k Kinross Gold (KGC) Apr-17 3 puts, 21k MGM Resorts (MGM) Jun-17 27 puts, 20k MetLife (MET) Jun-17 57.5 calls, 20k Fiat Chrysler (FCAU) Jun-17 9 calls and 20k Bank of America (BAC) May-17 23 puts.

BAC

Bank of America

$24.86

-0.36 (-1.43%)

AAPL

Apple

$139.99

-0.7 (-0.50%)

SNAP

Snap

$19.54

-0.35 (-1.76%)

FB

Facebook

$139.84

-0.15 (-0.11%)

  • 20

    Mar

  • 27

    Mar

  • 28

    Mar

BAC Bank of America
$24.86

-0.36 (-1.43%)

01/11/17
SOCG
01/11/17
UPGRADE
SOCG
Buy
Bank of America upgraded to Buy from Hold at Societe Generale
03/16/17
COMP
03/16/17
DOWNGRADE
COMP
Sell
Bank of America downgraded to Sell from Neutral at Compass Point
02/16/17
MACQ
02/16/17
UPGRADE
MACQ
Outperform
Bank of America upgraded to Outperform from Neutral at Macquarie
02/07/17
DAIW
02/07/17
UPGRADE
DAIW
Outperform
Bank of America upgraded to Outperform from Hold at Daiwa
AAPL Apple
$139.99

-0.7 (-0.50%)

03/20/17
PIPR
03/20/17
NO CHANGE
Target $155
PIPR
Overweight
Piper analysis yields $163 current fair value for Apple shares
Piper Jaffray analyst Michael Olson expects Apple's services revenue to rise from an 11% contribution in FY16 to 17% in FY20. As services approaches 20% of revenue, with a larger contribution to profitability due to higher margin relative to the core business, many investors will shift to a sum-of-the-parts valuation on Apple, Olson tells investors in a research note. His sum-of-the-parts analysis looking out two years values Apple at $195 per share. Discounting that back two years, the analyst comes up with a current fair value of $163 per share. Apple closed Friday down 78c to $139.91. Olson remains a buyer of Apple citing the "growing anticipation" around the iPhone 8 and a "strong trajectory" for services revenue. He maintains an Overweight rating on the shares with a $155 price target.
03/20/17
RBCM
03/20/17
NO CHANGE
RBCM
iPhone 8 could match or surpass iPhone 6, says RBC Capital
RBC Capital analyst Amit Daryanani believes that the unit sales and growth of iPhone 8, due out in September, "could match or even surpass" the performance of the iPhone 6. The analyst expects the iPhone 8 to feature wireless charging and an improved processor., as well as "a complete redesign." He believes that the redesign can cause Apple's share gains to accelerate, enabling the growth of its services business to increase. Daryanani keeps a $155 price target and an Outperform rating on the shares.
03/20/17
COWN
03/20/17
NO CHANGE
Target $155
COWN
Outperform
Apple price target raised to $155 from $135 at Cowen
Cowen analyst Timothy Arcuri raised his price target on Apple to $155 from $135 as he believes Street estimates remain way too low. He sees an aging iPhone base, especially in China, that should lead to a powerful launch of the iPhone 8. In addition to Street estimates having to come up, Arcuri also sees the potential for additional multiple expansion. Arcuri reiterated his Outperform rating on Apple shares.
03/20/17
ARGS
03/20/17
NO CHANGE
ARGS
Apple has positive read through from Jabil results, says Argus
Argus analyst Jim Kelleher believes that Jabil (JBL) reported "solid" results which bode well for Apple (AAPL). However, the analyst says that Jabil has been disappointing after triggering elevated expectations in the past, and he keeps a Hold rating on that stock.
SNAP Snap
$19.54

-0.35 (-1.76%)

03/17/17
MZHO
03/17/17
INITIATION
Target $20
MZHO
Neutral
Snap initiated with a Neutral at Mizuho
Mizuho analyst Neil Doshi started Snap Inc. with a Neutral rating and $20 price target.
03/20/17
MONN
03/20/17
INITIATION
Target $25
MONN
Buy
Snap initiated with a Buy at Monness Crespi
Monness Crespi analyst James Cakmak initiated Snap with a Buy and a $25 price target.
03/17/17
03/17/17
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. Netflix (NFLX) initiated with an Outperform at Bernstein. 2. Snap (SNAP) initiated with a Neutral at Mizuho. 3. Cantel Medical (CMD) initiated with a Market Perform at Raymond James. 4. Hilton (HLT) reinstated with an Overweight at JPMorgan. 5. Regeneron (REGN) initiated with a Perform at Oppenheimer. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/16/17
03/16/17
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 Sell at MoffettNathanson. 2. Alliant Energy (LNT) initiated with a Neutral at UBS. 3. Carbonite (CARB) initiated with a Buy at Craig-Hallum. 4. Dermira (DERM) initiated with an Underperform at Raymond James. 5. Exelixis (EXEL) initiated with a Perform at Oppenheimer. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
FB Facebook
$139.84

-0.15 (-0.11%)

03/08/17
WBLR
03/08/17
NO CHANGE
WBLR
Social advertising exec sees Facebook spending rising, says William Blair
After meeting with two separate executives who head social media spending and video at a "large, digital-only agency," William Blair analyst Ralph Schackart said he came away with the impression that social and Facebook (FB) will grow again in 2017, noting that the head of social expects her clients' Facebook spending to grow around 35% this year and for their Twitter (TWTR) budgets to decline 20%-30%, with some of that due to a spending shift to Facebook. The analyst, who thinks Facebook shares have near-term upside potential to $160-$165 and still believes it can be a "$200-plus stock," keeps an Outperform rating on the name.
03/09/17
FBNS
03/09/17
INITIATION
Target $23
FBNS
Sector Perform
Snap initiated with a Sector Perform at FBN Securities
FBN Securities analyst Shebly Seyrafi started Snap (SNAP) with a Sector Perform rating and $23 price target. The analyst cites the recent slowing of user growth and the company's weaker presence outside of the 12-24 age demographic as concerns. Seyrafi believes, however, that Facebook (FB) has interest in acquiring Snap at the right price, which effectively puts a floor in the shares.
03/09/17
JPMS
03/09/17
NO CHANGE
Target $170
JPMS
Overweight
Facebook remains top large-cap Internet idea at JPMorgan
JPMorgan analyst Doug Anmuth says he's increasingly confident in his above-consensus 2017/2018 revenue estimates for Facebook following an analysis of the company's product and advertising changes. Facebook monthly active users grew last year at the fastest rate since the company went public in 2012 while Instagram added its most recent 100M users at its fastest pace in history, Anmuth tells investors in a research note. Facebook's product changes are working to drive engagement at scale, the analyst argues. Facebook remains Anmuth's favorite large-cap Internet idea with an Overweight rating and $170 price target. The social media giant closed yesterday up 42c to $137.72.
03/17/17
UBSW
03/17/17
NO CHANGE
Target $165
UBSW
Buy
Facebook price target raised to $165 from $155 at UBS
UBS analyst Eric Sheridan raised his price target on Facebook to $165 from $155 citing his confidence the company can keep growing its core advertising business while shifting its emerging businesses - like Messenger, WhatsApp and Oculus - from user growth and ecosystem investments to monetization. The analyst sees better than expected growth and margins and forward multiples as attractive relative to its growth/return profile. Sheridan reiterated his Buy rating Facebook shares.

TODAY'S FREE FLY STORIES

CXP

Columbia Property

$21.68

-0.27 (-1.23%)

20:50
03/27/17
03/27
20:50
03/27/17
20:50
Upgrade
Columbia Property rating change  »

Columbia Property…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 04

    Apr

SPG

Simon Property

$166.15

-1.8 (-1.07%)

20:45
03/27/17
03/27
20:45
03/27/17
20:45
Conference/Events
Simon Property management to meet with Canaccord »

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  • 30

    Mar

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    Apr

HALO

Halozyme

$14.27

0.74 (5.47%)

20:41
03/27/17
03/27
20:41
03/27/17
20:41
Conference/Events
Halozyme management to meet with Canaccord »

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AYR

Aircastle

$23.44

0.03 (0.13%)

20:38
03/27/17
03/27
20:38
03/27/17
20:38
Conference/Events
Aircastle management to meet with Canaccord »

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  • 28

    Mar

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    Mar

NEE

NextEra Energy

$131.10

-1.7 (-1.28%)

20:30
03/27/17
03/27
20:30
03/27/17
20:30
Conference/Events
NextEra Energy management to meet with Guggenheim »

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  • 29

    Mar

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    Mar

M

Macy's

$27.93

-0.24 (-0.85%)

20:26
03/27/17
03/27
20:26
03/27/17
20:26
Conference/Events
Macy's management to meet with Guggenheim »

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  • 28

    Mar

PPBI

Pacific Premier

$36.35

-0.05 (-0.14%)

, HEOP

Heritage Oaks

$12.62

0.02 (0.16%)

20:25
03/27/17
03/27
20:25
03/27/17
20:25
Conference/Events
Heritage Oaks to host special shareholder meeting »

Special Shareholder…

PPBI

Pacific Premier

$36.35

-0.05 (-0.14%)

HEOP

Heritage Oaks

$12.62

0.02 (0.16%)

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

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  • 27

    Mar

  • 27

    Mar

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    May

CCL

Carnival

$58.87

0.27 (0.46%)

, MKC

McCormick

$101.36

0.35 (0.35%)

20:25
03/27/17
03/27
20:25
03/27/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

CCL

Carnival

$58.87

0.27 (0.46%)

MKC

McCormick

$101.36

0.35 (0.35%)

DRI

Darden

$75.58

-1.13 (-1.47%)

FDS

FactSet

$174.55

-2.18 (-1.23%)

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

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  • 28

    Mar

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    Mar

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    Mar

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    Mar

  • 04

    Apr

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    May

SYY

Sysco

$52.04

-0.77 (-1.46%)

20:17
03/27/17
03/27
20:17
03/27/17
20:17
Conference/Events
Sysco management to meet with Guggenheim »

Meetings to be held on…

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03/06/13
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  • 28

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MNK

Mallinckrodt

$44.33

1.24 (2.88%)

20:13
03/27/17
03/27
20:13
03/27/17
20:13
Conference/Events
Mallinckrodt management to meet with Guggenheim »

Meetings to be held in…

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03/06/13
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  • 27

    Mar

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    Mar

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    Mar

  • 08

    May

OGE

OGE Energy

$35.41

-0.28 (-0.78%)

20:10
03/27/17
03/27
20:10
03/27/17
20:10
Conference/Events
OGE Energy management to meet with Guggenheim »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Mar

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    Mar

CMCSA

Comcast

$37.11

-0.27 (-0.72%)

, CMCSK

Comcast

20:03
03/27/17
03/27
20:03
03/27/17
20:03
Periodicals
Comcast to expand streaming video service, Reuters says »

Comcast plans to rebrand…

CMCSA

Comcast

$37.11

-0.27 (-0.72%)

CMCSK

Comcast

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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MAR

Marriott

$93.17

-0.33 (-0.35%)

20:02
03/27/17
03/27
20:02
03/27/17
20:02
Conference/Events
Marriott management to meet with JPMorgan »

Meeting to be held in New…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 31

    Mar

FBR

Fibria Celulose

$8.67

-0.22 (-2.47%)

19:58
03/27/17
03/27
19:58
03/27/17
19:58
Conference/Events
Fibria Celulose management to meet with JPMorgan »

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  • 31

    Mar

DXC

DXC Technology

, HPE

HP Enterprise

$22.72

-0.05 (-0.22%)

19:51
03/27/17
03/27
19:51
03/27/17
19:51
Initiation
DXC Technology, HP Enterprise, CSC initiated at Goldman »

DXC Technology initiated…

DXC

DXC Technology

HPE

HP Enterprise

$22.72

-0.05 (-0.22%)

CSC

CSC

$68.05

0.35 (0.52%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 27

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  • 06

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  • 11

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  • 02

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  • 12

    Jun

TRI

Thomson Reuters

$43.56

-0.19 (-0.43%)

19:51
03/27/17
03/27
19:51
03/27/17
19:51
Conference/Events
Thomson Reuters management to meet with JPMorgan »

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  • 30

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FIS

FIS

$80.41

0.29 (0.36%)

19:48
03/27/17
03/27
19:48
03/27/17
19:48
Downgrade
FIS rating change at Goldman »

FIS downgraded to Neutral…

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COUP

Coupa Software

$24.00

0.12 (0.50%)

19:48
03/27/17
03/27
19:48
03/27/17
19:48
Conference/Events
Coupa Software management to meet with JPMorgan »

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  • 30

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  • 06

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ALK

Alaska Air

$95.00

0.3 (0.32%)

19:44
03/27/17
03/27
19:44
03/27/17
19:44
Conference/Events
Alaska Air management to meet with JPMorgan »

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03/06/13
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  • 29

    Mar

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    Mar

  • 04

    May

TIVO

TiVo

19:40
03/27/17
03/27
19:40
03/27/17
19:40
Conference/Events
TiVo management to meet with JPMorgan »

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  • 29

    Mar

  • 10

    May

TSN

Tyson Foods

$61.84

-0.73 (-1.17%)

, SAFM

Sanderson Farms

$102.76

2.41 (2.40%)

19:40
03/27/17
03/27
19:40
03/27/17
19:40
Hot Stocks
Georgia finds 'low pathogenic' bird flu in commercial flock »

The Georgia Department of…

TSN

Tyson Foods

$61.84

-0.73 (-1.17%)

SAFM

Sanderson Farms

$102.76

2.41 (2.40%)

PPC

Pilgrim's Pride

$22.31

0.05 (0.22%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 28

    Apr

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KR

Kroger

$28.93

-0.17 (-0.58%)

19:37
03/27/17
03/27
19:37
03/27/17
19:37
Conference/Events
Kroger management to meet with JPMorgan »

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  • 29

    Mar

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    Mar

VALE

Vale

$9.34

0.04 (0.43%)

19:30
03/27/17
03/27
19:30
03/27/17
19:30
Hot Stocks
Vale says Fabio Schvartsman appointed as CEO »

Vale announced that,…

03/08/13
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03/06/13
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03/06/13
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NSM

Nationstar

$15.05

0.1 (0.67%)

19:21
03/27/17
03/27
19:21
03/27/17
19:21
Initiation
Nationstar initiated at Wedbush »

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03/08/13
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03/06/13
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LNVGY

Lenovo

$12.57

-0.03 (-0.24%)

19:14
03/27/17
03/27
19:14
03/27/17
19:14
Periodicals
Lenovo, Fujitsu postpone PC tie-up, Nikkei says »

Lenovo and Fujitsu will…

03/08/13
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  • 02

    May

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