Breaking News Instant updates and real-time market news.

PGR

Progressive

$40.22

-0.09 (-0.22%)

07:27
03/21/17
03/21
07:27
03/21/17
07:27

Progressive upgraded to Buy from Hold at Sandler O'Neill

PGR Progressive
$40.22

-0.09 (-0.22%)

01/05/17
MSCO
01/05/17
UPGRADE
Target $36
MSCO
Equal Weight
Progressive upgraded to Equal Weight on margin inflection at Morgan Stanley
As previously reported, Morgan Stanley upgraded Progressive to Equal Weight from Underweight and raised its price target to $36 from $31. Analyst Kai Pan expects core margins to inflect in 2017due to a moderation in new business "drag," easier commercial auto comps in 2H 2017, and sees additional upside from a lower tax rate and rising yield.
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.
01/10/17
GSCO
01/10/17
UPGRADE
Target $34
GSCO
Neutral
Progressive upgraded to Neutral from Sell at Goldman
Goldman analyst Michael Nannizzi upgraded Progressive to Neutral and raised its price target to $34 from $29. The analyst believes Progressive's business model is strategically well-positioned to benefit from a lower tax environment, while the low duration portfolio will also support earnings through investment income if yields continue to increase, but said premium valuation keeps him on the sidelines.
03/20/17
BOFA
03/20/17
UPGRADE
Target $46
BOFA
Buy
Progressive upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Alison Jacobowitz upgraded Progressive to Buy and raised its price target to $46 from $40 given superior execution, resilient growth, and a more rational competitive environment. The analyst does not believe the Street fully appreciates Progressive's earnings power or sustainability, and said it will be among the largest beneficiaries of reduced corporate taxes and will not be hit as hard from higher rates given its short-duration bond portfolio.

TODAY'S FREE FLY STORIES

CIT

CIT Group

$48.74

-0.16 (-0.33%)

10:38
07/25/17
07/25
10:38
07/25/17
10:38
Recommendations
CIT Group analyst commentary  »

CIT Group price target…

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

  • 25

    Jul

SRPT

Sarepta

$43.95

0.54 (1.24%)

, BIIB

Biogen

$284.70

1.78 (0.63%)

10:35
07/25/17
07/25
10:35
07/25/17
10:35
Periodicals
STAT's Feuerstein puts Sarepta on list of potential targets for Biogen 

Reference Link

SRPT

Sarepta

$43.95

0.54 (1.24%)

BIIB

Biogen

$284.70

1.78 (0.63%)

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

  • 25

    Jul

  • 01

    Aug

  • 25

    Jul

GM

General Motors

$36.10

0.28 (0.78%)

10:35
07/25/17
07/25
10:35
07/25/17
10:35
Hot Stocks
General Motors expects Q3 to be weakest quarter of the year 

Sees recovery in Q4.

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

  • 25

    Jul

JBLU

JetBlue

$22.76

-0.69 (-2.94%)

10:34
07/25/17
07/25
10:34
07/25/17
10:34
Hot Stocks
JetBlue plans to update the market at year-end with its fleet review »

Comments provided during…

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

  • 25

    Jul

  • 10

    Aug

JBLU

JetBlue

$22.76

-0.69 (-2.94%)

10:34
07/25/17
07/25
10:34
07/25/17
10:34
Hot Stocks
JetBlue achieved $45M of $250M-$300M cost savings expected by FY20 »

JetBlue sees FY17-FY20…

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

  • 25

    Jul

  • 10

    Aug

LLY

Eli Lilly

$82.04

-2.6978 (-3.18%)

10:33
07/25/17
07/25
10:33
07/25/17
10:33
Hot Stocks
Eli Lilly sees drug pricing executive order in second half of 2017 »

Eli Lilly CEO David Ricks…

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

  • 25

    Jul

  • 11

    Sep

POWI

Power Integrations

$81.75

0.2 (0.25%)

, AAPL

Apple

$152.09

1.82 (1.21%)

10:32
07/25/17
07/25
10:32
07/25/17
10:32
Hot Stocks
Power Integrations cut to hold after Apple speculation fuels run-up »

The shares of Power…

POWI

Power Integrations

$81.75

0.2 (0.25%)

AAPL

Apple

$152.09

1.82 (1.21%)

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

    Jul

  • 01

    Aug

TSLA

Tesla

$342.52

14.12 (4.30%)

10:31
07/25/17
07/25
10:31
07/25/17
10:31
Hot Stocks
Tesla Model S 'tops Consumer Reports' ratings' after adding AEB, CR says »

After updating its…

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

  • 02

    Aug

  • 08

    Aug

  • 02

    Oct

APRN

Blue Apron

$7.49

0.08 (1.08%)

, BUFF

Blue Buffalo Pet Products

$23.11

-0.01 (-0.04%)

10:31
07/25/17
07/25
10:31
07/25/17
10:31
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

APRN

Blue Apron

$7.49

0.08 (1.08%)

BUFF

Blue Buffalo Pet Products

$23.11

-0.01 (-0.04%)

ELF

e.l.f. Beauty

$26.61

1.21 (4.76%)

GWW

Grainger

$167.84

0.96 (0.58%)

WMC

Western Asset Mortgage

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

  • 08

    Aug

  • 09

    Aug

  • 10

    Aug

  • 17

    Oct

  • 24

    Jan

UA

Under Armour

$18.21

-0.0485 (-0.27%)

, UAA

Under Armour

$20.29

0.02 (0.10%)

10:31
07/25/17
07/25
10:31
07/25/17
10:31
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

UA

Under Armour

$18.21

-0.0485 (-0.27%)

UAA

Under Armour

$20.29

0.02 (0.10%)

SNAP

Snap

$13.73

-0.355 (-2.52%)

CYTX

Cytori Therapeutics

$0.48

-0.6301 (-56.77%)

LULU

lululemon

$62.02

0.08 (0.13%)

POWI

Power Integrations

$81.75

0.2 (0.25%)

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

    Jul

  • 27

    Jul

  • 01

    Aug

  • 01

    Aug

  • 10

    Aug

  • 13

    Sep

MDLZ

Mondelez

$43.75

-0.28 (-0.64%)

, BIG

Big Lots

$49.66

2.1 (4.42%)

10:31
07/25/17
07/25
10:31
07/25/17
10:31
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…click here.

MDLZ

Mondelez

$43.75

-0.28 (-0.64%)

BIG

Big Lots

$49.66

2.1 (4.42%)

WERN

Werner

$29.20

-0.35 (-1.18%)

TEAM

Atlassian

$36.41

0.66 (1.85%)

DSW

DSW

$17.35

0.87 (5.28%)

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

  • 27

    Jul

  • 02

    Aug

  • 08

    Aug

  • 21

    Aug

  • 25

    Sep

WBA

Walgreens Boots Alliance

$79.60

0.7 (0.89%)

10:30
07/25/17
07/25
10:30
07/25/17
10:30
Hot Stocks
Walgreens to bring nearly 500 jobs to Chandler, Arizona »

Walgreens announced it…

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

  • 20

    Sep

  • 21

    Sep

FCX

Freeport McMoRan

$14.38

1.415 (10.92%)

10:30
07/25/17
07/25
10:30
07/25/17
10:30
Options
Freeport McMoran options active after earnings »

Freeport McMoran options…

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

  • 25

    Jul

10:30
07/25/17
07/25
10:30
07/25/17
10:30
General news
Treasury Action: yields resumed their rise »

Treasury Action: yields…

SVU

Supervalu

$3.56

0.305 (9.38%)

10:28
07/25/17
07/25
10:28
07/25/17
10:28
Hot Stocks
Supervalu says FY18 base adjusted EBITDA view same ex-Unified contibution »

Sees adjusted EBITDA with…

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

  • 25

    Jul

GM

General Motors

$35.90

0.0845 (0.24%)

10:27
07/25/17
07/25
10:27
07/25/17
10:27
Hot Stocks
Breaking Hot Stocks news story on General Motors »

GM CFO says 'very…

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

  • 25

    Jul

10:25
07/25/17
07/25
10:25
07/25/17
10:25
General news
U.S. Richmond Fed manufacturing index rose 3 points to 14 in July »

U.S. Richmond Fed…

CACQ

Caesars Acquisition

$20.45

0.3 (1.49%)

, CZR

Caesars

$12.90

0.2 (1.57%)

10:25
07/25/17
07/25
10:25
07/25/17
10:25
Conference/Events
Caesars to host special shareholder meeting »

Special Shareholder…

CACQ

Caesars Acquisition

$20.45

0.3 (1.49%)

CZR

Caesars

$12.90

0.2 (1.57%)

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

  • 25

    Jul

  • 25

    Jul

  • 03

    Aug

SVU

Supervalu

$3.56

0.31 (9.54%)

, AMZN

Amazon.com

$1,038.95

13.28 (1.29%)

10:24
07/25/17
07/25
10:24
07/25/17
10:24
Hot Stocks
Breaking Hot Stocks news story on Supervalu, Amazon.com, Whole Foods »

Supervalu sees retail…

SVU

Supervalu

$3.56

0.31 (9.54%)

AMZN

Amazon.com

$1,038.95

13.28 (1.29%)

WFM

Whole Foods

$41.67

-0.04 (-0.10%)

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

  • 25

    Jul

  • 27

    Jul

FCX

Freeport McMoRan

$14.28

1.315 (10.15%)

10:22
07/25/17
07/25
10:22
07/25/17
10:22
Hot Stocks
Freeport McMoRan sees 2018 consolidated copper sales of 3.85B pounds »

Freeport sees FY17…

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

  • 25

    Jul

GM

General Motors

$35.91

0.09 (0.25%)

10:20
07/25/17
07/25
10:20
07/25/17
10:20
Hot Stocks
GM sees North America EBIT adjusted margins of 10%+ for FY17 »

CEO Mary Barra says Q2…

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

  • 25

    Jul

RMBS

Rambus

$12.64

0.03 (0.24%)

10:20
07/25/17
07/25
10:20
07/25/17
10:20
Options
Bullish option play in Rambus after earnings »

Bullish option play 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

  • 15

    Aug

  • 29

    Aug

  • 08

    Sep

  • 12

    Sep

10:20
07/25/17
07/25
10:20
07/25/17
10:20
General news
FX Action: The dollar »

FX Action: The dollar…

F

Ford

$11.30

0.0141 (0.12%)

10:19
07/25/17
07/25
10:19
07/25/17
10:19
Conference/Events
Ford to host sales conference call »

Vice President LeNeve…

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

  • 26

    Jul

TSLA

Tesla

$342.52

14.12 (4.30%)

10:19
07/25/17
07/25
10:19
07/25/17
10:19
Hot Stocks
Tesla Model S 'tops Consumer Reports' ratings' after adding AEB, CR says 

Reference Link

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

  • 02

    Aug

  • 08

    Aug

  • 02

    Oct

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.