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FEYE

FireEye

$10.73

-0.07 (-0.65%)

, HCN

Welltower

$67.62

0.34 (0.51%)

10:27
03/20/17
03/20
10:27
03/20/17
10:27

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. BofA Merrill Lynch analyst Tal Liani upgraded FireEye (FEYE) to Buy saying the combination of low valuation and expectations, many new solutions, and recent sales leadership changes creates significant upside potential over the next two years. The analyst believes investors under-appreciate FireEye's quality of management, recovery strategy, and the quality of its technology and solutions. 2. Morgan Stanley upgraded Welltower (HCN) to Overweight from Equal Weight and raised its price target to $73 from $65, with analyst Vikram Malhotra calling the stock his preferred play on senior housing given its premium market position and a relatively younger portfolio. 3. Tiffany (TIF) upgraded to Outperform from Market Perform by William Blair analyst Dylan Carden, citing the recent stabilization of comps sales as well as upcoming easier comparisons. 4. Illumina (ILMN) upgraded to Outperform from Market Perform at Leerink by analyst Puneet Souda , who said survey data across high-productivity labs suggest earlier than expected NovaSeq upgrades in 2017 and 2018. 5. Wedbush analyst Nick Setyan upgraded Shake Shack (SHAK) to Neutral from Underperform, saying valuation is now more in line with long-term opportunities. Setyan believes same-store-sales growth headwinds and softer new unit volumes in 2017 are now well understood and raised Shake Shack's price target to $33 from $30. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

FEYE

FireEye

$10.73

-0.07 (-0.65%)

HCN

Welltower

$67.62

0.34 (0.51%)

TIF

Tiffany

$94.55

2.13 (2.30%)

ILMN

Illumina

$160.42

0.96 (0.60%)

SHAK

Shake Shack

$32.24

-0.21 (-0.65%)

  • 01

    Apr

  • 20

    Jun

FEYE FireEye
$10.73

-0.07 (-0.65%)

02/06/17
IMPC
02/06/17
NO CHANGE
Target $12
IMPC
In-Line
Imperial says FireEye investors could remain sidelined until billings grow again
Imperial Capital analyst Michael Kim lowered his price target on FireEye to $12 from $15 after the company reported Q4 revenue and billings that missed expectations and said he thinks investors could stay on the sidelines until billings growth returns. He keeps an In-Line rating on FireEye shares.
02/03/17
FBNS
02/03/17
DOWNGRADE
FBNS
Sector Perform
FireEye downgraded to Sector Perform from Outperform at FBN Securities
02/03/17
EVER
02/03/17
NO CHANGE
Target $14
EVER
Buy
FireEye price target lowered to $14 from $26 at Evercore ISI
Evercore ISI analyst Ken Talanian lowered FireEye's price target to $14 following the Q4 revenue miss and guidance, and the CFO departure. The analyst said even though product declines have dragged down overall billing, it continues to generate recurring billings, suggesting a reasonable dollar based renewal rate. With shares down approximately 18% in the aftermarket, Talanian said sum-of-the-parts valuation suggests upside, even if it never sells a new deal again and captures only the cash flow from the recurring business into perpetuity. The analyst has a Buy rating on FireEye.
03/20/17
BOFA
03/20/17
UPGRADE
Target $18
BOFA
Buy
FireEye upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Tal Liani upgraded FireEye to Buy and raised its price target to $18 from $13.50 saying the combination of low valuation and expectations, many new solutions, and recent sales leadership changes creates significant upside potential over the next two years. The analyst believes investors underappreciate FireEye's quality of management, recovery strategy, and the quality of its technology and solutions that will drive 2H 2017 growth. Liani said FireEye has some of the most advanced threat intelligence dealing with network threats, endpoint protection, and analytics and threat management tools.
HCN Welltower
$67.62

0.34 (0.51%)

03/20/17
MSCO
03/20/17
UPGRADE
MSCO
Overweight
Welltower upgraded to Overweight from Equal Weight at Morgan Stanley
01/20/17
RHCO
01/20/17
DOWNGRADE
RHCO
Hold
Welltower downgraded on valuation, growth outlook at SunTrust
As noted earlier, SunTrust downgraded Welltower to Hold from Buy. Analyst Eric Fleming downgraded the stock based on valuation and his belief that the company's growth will moderate in the near-term, generating a performance that will be in-line with its sector. Target to $72 from $80.
02/23/17
MUFG
02/23/17
NO CHANGE
MUFG
Overweight
Welltower price target raised to $75 from $72 at MUFG
MUFG analyst Karin Ford reaffirmed her Overweight rating and raised her price target on Welltower shares to $75 from $72 following the company's Q4 earnings report, which reported FFO per share that beat MUFG estimates by a penny.
03/20/17
03/20/17
UPGRADE
Target $73

Overweight
Welltower upgraded to Overweight from Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley upgraded Welltower to Overweight from Equal Weight and raised its price target to $73 from $65. Analyst Vikram Malhotra said Welltower is his preferred play on senior housing given its premium market position, a relatively younger portfolio, and faces relatively less new supply.
TIF Tiffany
$94.55

2.13 (2.30%)

03/15/17
JEFF
03/15/17
NO CHANGE
Target $102
JEFF
Buy
Jefferies sees catalysts for Tiffany, reiterates $102 price target
Jefferies analyst Randal Konik reiterates a Buy rating on shares of Tiffany with a $102 price target. The company has a strong positioning in a growing market, Konik tells investors in a research note. He believes improvements in fashion jewelry, easing tourism headwinds and more innovative marketing efforts present catalyst for the stock.
03/20/17
WBLR
03/20/17
UPGRADE
WBLR
Outperform
Tiffany upgraded to Outperform from Market Perform at William Blair
William Blair analyst Dylan Carden upgraded Tiffany to Outperform citing the recent stabilization of comps sales as well as upcoming easier comparisons.
03/16/17
OPCO
03/16/17
NO CHANGE
Target $105
OPCO
Outperform
Tiffany price target raised to $105 from $87 at Oppenheimer
Oppenheimer analyst Brian Nagel raised his price target for Tiffany to $105 from $87 as he is "increasingly optimistic" that fresh eyes within the company's senior ranks might bring an improved executional acumen and operating disciplines to the chain. The analyst reiterates an Outperform rating on the shares.
03/17/17
JEFF
03/17/17
NO CHANGE
Target $110
JEFF
Buy
Tiffany price target raised to $110 after Q4 results at Jefferies
Jefferies analyst Randal Konik raised his price target for Tiffany shares to $110 from $102 following the company's Q4 results. With sales accelerating, margins strengthening and product newness accelerating soon, the stock should move higher, Konik tells investors in a research note. He reiterates a Buy rating on Tiffany.
ILMN Illumina
$160.42

0.96 (0.60%)

02/27/17
02/27/17
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. Steven Madden (SHOO) upgraded to Buy from Neutral at B. Riley by analyst Jeff Van Sinderen, who said last week's footwear show and latest channel checks underscore the company's potential for growth. 2. Illumina (ILMN) upgraded to Buy from Hold at Evercore ISI by analyst Ross Muken following customer checks that lead him to above consensus revenue forecasts. Muken believes Illumina will sell 750-1,300 NovaSeq boxes over the next several years as sequencing enters a new era of utility. 3. Carnival (CCL) upgraded Buy from Hold by Argus analyst John Staszak, who now believes that "continued " improvement in demand for cruises will improve the company's earnings and margins. 4. Cempra (CEMP) upgraded to Buy at Roth Capital by analyst Michael Higgins after the company announced positive Phase 3 results in the first of two skin infection studies with Taksta, and ahead of bone data in 2017. The analyst also raised his price target on the shares to $8 from $2.50. 5. Unilever (UN) upgraded to Neutral from Underperform at BofA Merrill Lynch by analyst David Hayes, citing valuation and his belief that the strategic review could accelerate margin development targets over the next 4 years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/07/17
COWN
02/07/17
NO CHANGE
Target $17
COWN
Outperform
GenMark concern surrounding NeoPrep discontinuation overblown, says Cowen
Cowen analyst Doug Schenkel noted GenMark (GNMK) shares have declined 10% year-to-date, which he attributes to concerns surrounding Illumina's (ILMN) decision to discontinue NeoPrep. The analyst believes these concerns are overblown as the company has entered into an amended supply agreement, which was confirmed in their 10-Q. Schenkel maintained his Outperform rating and $17 price target on GenMark shares.
03/20/17
LEER
03/20/17
UPGRADE
Target $195
LEER
Outperform
Illumina upgraded to Outperform from Market Perform at Leerink
Leerink analyst Puneet Souda upgraded Illumina to Outperform and raised his price target for the shares to $195 from $138. Survey data across high-productivity labs suggest earlier than expected NovaSeq upgrades in 2017 and 2018, Souda tells investors in a research note.
02/27/17
EVER
02/27/17
UPGRADE
EVER
Buy
Illumina upgraded to Buy from Hold at Evercore ISI
Evercore ISI analyst Ross Muken to Buy with a $190 price target following customer checks that lead him to above consensus revenue forecasts. Muken believes Illumina will sell 750-1,300 NovaSeq boxes over the next several years as sequencing enters a new era of utility. He sees an expansion in the sequencing landscape given Nova's application flexibility and believes it addresses capacity utilization challenges. Muken's forecast is now above consensus and expects performance to accelerate into 2H revenue beats and a solid pathway into 2018.
SHAK Shake Shack
$32.24

-0.21 (-0.65%)

03/08/17
GSCO
03/08/17
NO CHANGE
Target $34
GSCO
Sell
Shake Shack traffic challenges a growing risk, says Goldman
Goldman analyst Karen Holthouse said Shake Shake reported in-line Q4 earnings of 9c but believes investors are too dismissive regarding decelerating traffic trends. The analyst continues to view cannibalization as a growing risk to Shake Shack's traffic trends and said openings outside of New York have substantially less excitement. Holthouse also sees increased labor challenges from staffing growth and increased compensation rates ahead of market rates. The analyst rates Shake Shack a Sell and lowered its price target to $34 from $38.
03/02/17
RHCO
03/02/17
NO CHANGE
RHCO
Shake Shack SSS miss creates buying opportunity, says SunTrust
SunTrust analyst Jake Bartlett says that Shake Shak's lower than expected Q1 SSS increase has created a good buying opportunity. He says that the company's store growth guidance is "strong," while its comparisons ease starting in Q2. The analyst also expects SSS to be boosted by "menu pricing, the new Shack app and strong promotions." He keeps a $49 price target and a Buy rating on the shares.
03/17/17
RHCO
03/17/17
NO CHANGE
RHCO
Shake Shack new restaurant guidance conservative, says SunTrust
SunTrust analyst Jake Bartlett says that Shake Shack has opened five stores so far this quarter and plans to open a sixth next week, versus the firm's estimate of four new restaurants. The analyst believes that the company's guidance of 22-23 restaurant openings for 2017 is now conservative. He increased his estimates for the company and raised his price target to $50 from $49 while keeping a Buy rating.
03/20/17
WEDB
03/20/17
UPGRADE
Target $33
WEDB
Neutral
Shake Shack upgraded to Neutral from Underperform at Wedbush
Wedbush analyst Nick Setyan upgraded Shake Shack to Neutral from Underperform and removed it from the Best Ideas List saying valuation is now more in line with long-term opportunities. Setyan believes same-store-sales growth headwinds and softer new unit volumes in 2017 are now well understood and raised Shake Shack's price target to $33 from $30

TODAY'S FREE FLY STORIES

$NSD

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TISA

Top Image Systems

$1.24

-0.0212 (-1.68%)

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$NYE

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12:15
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Treasury Action: bonds are in limbo awaiting results the House ACA vote »

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Z

Zillow

$35.29

0.12 (0.34%)

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  • 09

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U.S. equities are dusting themselves off »

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ATEC

Alphatec

$2.68

-0.12 (-4.29%)

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

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OA

Orbital ATK

$99.47

-0.075 (-0.08%)

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

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  • 23

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TRIP

TripAdvisor

$41.40

-0.31 (-0.74%)

, PCLN

Priceline

$1,751.99

4.85 (0.28%)

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TripAdvisor strength attributed to takeover speculation »

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TripAdvisor

$41.40

-0.31 (-0.74%)

PCLN

Priceline

$1,751.99

4.85 (0.28%)

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

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BAC

Bank of America

$23.34

0.4 (1.74%)

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

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LMT

Lockheed Martin

$270.93

1.51 (0.56%)

12:01
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Lockheed Martin to expand production for F-35 components in Johnstown »

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  • 23

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CEO

CNOOC

$118.68

3.25 (2.82%)

11:59
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POL

PolyOne

$33.38

0.47 (1.43%)

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

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  • 23

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  • 27

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GRBK

Green Brick

11:56
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Green Brick Partners director acquires 20,000 common shares »

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FLXN

Flexion

$19.68

0.14 (0.72%)

, SNY

Sanofi

$45.09

0.42 (0.94%)

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

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FLXN

Flexion

$19.68

0.14 (0.72%)

SNY

Sanofi

$45.09

0.42 (0.94%)

03/08/13
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  • 27

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SAN

Banco Santander

$6.12

0.005 (0.08%)

11:55
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Santander to improve consumer protections in Fed agreement »

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11:55
03/23/17
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MAA

MAA

$101.99

0.72 (0.71%)

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

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ADP

ADP

$103.68

0.56 (0.54%)

, CSOD

Cornerstone OnDemand

$38.36

-0.14 (-0.36%)

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ADP

$103.68

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$38.36

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ORCL

Oracle

$44.97

0.175 (0.39%)

PAYC

Paycom

$54.22

-1.06 (-1.92%)

PCTY

Paylocity

$35.16

-0.16 (-0.45%)

SAP

SAP

$98.09

0.44 (0.45%)

ULTI

Ultimate Software

$193.35

1.24 (0.65%)

WDAY

Workday

$81.64

0.19 (0.23%)

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TRP

TransCanada

$46.42

0.25 (0.54%)

11:52
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State Department expected to approve Keystone XL pipeline permit, Politico says »

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USO

United States Oil Fund

$10.02

-0.1 (-0.99%)

11:51
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Options
Vote of confidence in the US Oil Fund »

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BABA

Alibaba

$108.45

2.36 (2.22%)

11:45
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Alibaba looking to move beyond China, Nikkei says »

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11:45
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