 - $62.32
0.5 (0.81%) - 03/13/17
On The Fly: Top five analyst downgrades Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley analyst Rajeev Lalwani downgraded Boeing (BA) to Equal Weight from Overweight saying the risk/reward is more balanced with the stock up 40% since mid-2016. Lalwani has a $190 price target for Boeing shares. The analyst this morning coupled the downgrade of Boeing with an upgrade of Rockwell Collins (COL) to Overweight. 2. Deutsche Bank analyst Joshua Shanker downgraded AIG (AIG) to Sell from Hold, saying the resignation of CEO Peter Hancock is a "negative catalyst." The lack of a known successor indicates indecision from the board regarding strategic direction, said Shanker, who cut his price target for the shares to $57 from $61. 3. Goldman Sachs analyst Terence Flynn downgraded Bioverativ (BIVV) to Neutral from Buy citing valuation with the stock near his unchanged price target of $55. 4. RBC Capital downgraded Toronto-Dominion (TD) to Sector Perform from Outperform. Analyst Darko Mihelic says that "damaging reports" about the company's sales practices could harm its reputation, earnings, and valuation. 5. GameStop (GME) downgraded to Market Perform from Outperform at Telsey Advisory. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - 03/14/17
- UBSW
03/14/17 NO CHANGETarget $66 UBSW Neutral UBS remains cautious on AIG given uncertainties UBS analyst Brian Meredith said he remains cautious on AIG shares citing the change in CEO and questions surrounding the company's long-term strategy. Meredith sees limited upside for the shares and sees the current sum-of-the-parts valuation as right around his price target. Meredith maintained his Neutral rating and $66 price target on AIG shares. - 04/20/17
- WELS
AIG stock likely to fall today, says Wells Fargo Wells Fargo expects AIG's stock to fall today after the company announced yesterday that it would suffer a pre-tax loss of $100M after the U.K. lowered the discount rate applied to lump-sum bodily injury payouts. The firm lowered its Q1 EPs estimate for the company to $1.20 from $1.35, and it expects AIG's stock to drop today. However, Wells thinks that the hiring of a new CEO will be a positive catalyst for the stock, and it thinks the company is looking to have one in place by its annual general meeting, scheduled for June 28. Wells keeps an Outperform rating on the shares. - 05/16/17
- MSCO
05/16/17 UPGRADETarget $72 MSCO Overweight AIG upgraded to Overweight from Equal Weight at Morgan Stanley Morgan Stanley analyst Kai Pan upgraded AIG to Overweight and increased its price target to $72 from $70 due to the "strong" new CEO and attractive valuation. The analyst said new CEO Brian Duperreault is an industry veteran with a strong track record that can drive sustainable and profitable growth.  - $69.59
0.37 (0.53%) - 05/11/17
On The Fly: Top five analyst upgrades Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Caterpillar (CAT) upgraded to Buy from Neutral at BofA/Merrill with analyst Ross Gilardi saying monthly retail sales continue to accelerate and views valuation as much more reasonable. Gilardi believes the company could have another big beat and raise in July and could raise the dividend over the summer. 2. Yum! Brands (YUM) upgraded to Neutral from Sell at Goldman Sachs with analyst Karen Holthouse saying her primary bear thesis, or continued weakness in China comps, has largely played out. She's increasingly positive on Taco Bell and sees limited near-term negative catalysts. 3. Symantec (SYMC) upgraded to Overweight from Equal-Weight at First Analysis with analyst Howard Smith saying he views the recent selloff as a buying opportunity and has increased confidence in the company's long-term growth following its fourth quarter results. 4. Snap (SNAP) upgraded to Outperform from Perform at Oppenheimer and to Neutral from Underweight at Cantor. 5. Electronic Arts (EA) upgraded to Buy from Hold at Ascendiant with analyst Edward Woo noting that the company's fourth quarter results beat expectations and he calls its guidance "strong." According to the analyst ,the company is benefiting from "strength in digital, growth in next gen consoles, and cost management." He calls its upcoming games "solid." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - 05/11/17
- GSCO
05/11/17 UPGRADETarget $65 GSCO Neutral Yum! Brands upgraded to Neutral from Sell at Goldman Sachs Goldman Sachs analyst Karen Holthouse upgraded Yum! Brands to Neutral and raised his price target for the shares to $65 from $57. The analyst says her primary bear thesis, or continued weakness in China comps, has largely played out. She's increasingly positive on Taco Bell and sees limited near-term negative catalysts. - 05/16/17
- ARGS
Yum! Brands upgraded to Buy from Hold at Argus - 05/16/17
- ARGS
Yum! Brands upgraded on refranchising, cost cutting at Argus As noted earlier, Argus upgraded Yum! to Buy from Hold. Analyst John Staszak cited the company's decision to refranchise an additional 5% of its stores and institute additional cost cutting measures as reasons for the upgrade. He expects the company's 2017 and 2018 EPS to beat expectations. Target $80.  - $92.53
1.44 (1.58%) - 03/03/17
On The Fly: Top five analyst upgrades Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Expedia (EXPE) upgraded to Neutral from Sell at Citi with analyst Mark May citing greater comfort in the growth of the company's hotel business. The analyst, who noted that recently disclosed room night and bookings growth at HomeAway gives him a more bullish view on its long-term growth, raised his price target on Expedia shares to $130 from $116. 2. Helmerich & Payne (HP) upgraded to Outperform from Market Perform at Bernstein with analyst Colin Davies citing higher U.S. rig demand and valuation. Target to $84 from $86. 3. Dr Pepper Snapple (DPS) upgraded to Buy from Hold at Jefferies with analyst Kevin Grundy saying that its recently-acquired Bai brand is an underappreciated growth platform for the company. He expects Bai to contribute 2-3 points to Dr Pepper's core sales growth over the next 3-5 years and increased his 2017-18 organic sales and EPS forecasts. Grundy increased his price target on Dr Pepper shares to $115 from $98. 4. KeyCorp (KEY) upgraded to Outperform from Hold at Evercore ISI. 5. Southern Company (SO) upgraded to Buy from Hold at Jefferies with analyst Anthony Crowdell saying he thinks the company will be able to deliver on its 5% earnings per share growth target given all the levers available to pull. He also believes investors are pricing in a Kemper scenario that is worse than worst-case and sees the Vogtle nuclear project is less of a concern than is factored in at current levels, Crowdell tells investors. He raised his price target on Southern Company shares to $56 from $50. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - 03/23/17
- FBCO
03/23/17 NO CHANGETarget $111 FBCO Outperform Dr Pepper Snapple price target raised to $111 from $105 at Credit Suisse Credit Suisse analyst Laurent Grandet raised his price target for Dr Pepper Snapple to $111 from $105 as he thinks the stock now merits a higher multiple because the company has secured its most promising Allied Brand, which adds incremental growth of 2%-3% and marginally reduces the risk associated with not controlling those brands. The analyst reiterates an Outperform rating on the shares. - 04/26/17
- STFL
Dr Pepper Snapple shares defended at Stifel - 05/16/17
- MSCO
05/16/17 UPGRADETarget $104 MSCO Overweight Dr Pepper Snapple upgraded to Overweight from Equal Weight at Morgan Stanley Morgan Stanley analyst Dara Mohsenian upgraded Dr Pepper Snapple (DPS) to Overweight from Equal Weight and increased its price target to $104 from $103. The analyst said the company's organic sales growth is accelerating driven by an improved competitive outlook as Coca Cola (KO) and Pepsi (PEP) focus on using cash flow from the US carbonated soft drink segment in high growth areas. Mohsenian also said the recent Bai Brands acquisition will add to long-term growth and concerns are overblown. He recommends the pair trade of long Dr Pepper Snapple and short Church & Dwight (CHD), which was downgraded to Underweight, given Dr Pepper's accelerating growth and Church & Dwight's deteriorating fundamentals.  - $20.94
0.2 (0.96%) - 02/01/17
02/01/17 DOWNGRADETarget $34
Neutral IMAX downgraded to Neutral at Credit Suisse As previously reported, Credit Suisse analyst Omar Sheikh downgraded IMAX (IMAX) to Neutral from Outperform as he sees balanced risk/reward at current levels, given the strong movie slate in 2017/18, slowing growth in China, the likely 1-2 year period before payback comes through on investments in new initiatives, and the full current multiple that leaves little margin for safety. The analyst lowered his price target on the shares to $34 from $42. Sheikh also downgraded AMC Entertainment (AMC) and Regal Entertainment (RGC). - 02/01/17
02/01/17 DOWNGRADETarget $13
Underperform National CineMedia downgraded to Underperform at Credit Suisse As previously reported, Credit Suisse analyst Omar Sheikh downgraded National CineMedia (NCMI) to Underperform from Outperform as he believes 2017 will be a tough year for cinema advertising, which suggests there could be limited scope for the company's inventory utilization and CPMs to grow. The analyst lowered his price target on the shares to $13 from $21. He also downgraded AMC Entertainment (AMC), Regal Entertainment (RGC) and IMAX (IMAX). - 02/01/17
On The Fly: Top five analyst downgrades Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Under Armour (UA, UAA) downgraded to Underperform from Buy at Buckingham, to Market Perform from Outperform at FBR Capital, and to Hold from Buy at Evercore ISI. 2. AMC Entertainment (AMC) and IMAX (IMAX) were downgraded to Neutral from Outperform at Credit Suisse, while Regal Entertainment (RGC) was downgraded to Underperform from Neutral. 3. UPS (UPS) downgraded to Market Perform from Outperform at BMO Capital with analyst Fadi Chamoun saying the company's fourth quarter results were "weak," while it lacks positive catalysts in the near-term. 4. Corning (GLW) downgraded to Market Perform from Outperform at Bernstein with analyst Alberto Moel citing valuation. 5. Mobileye (MBLY) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Adam Jonas saying he is positive on ADAS market growth but also sees more rapid commoditization pressuring margins. Jonas expects the pace of growth to be driven by affordability and increased competition, leading to a larger market opportunity, but lower margins and reduced OEM dependency on one dominant technology supplier. Further, the analyst believes Mobileye will need to increase its R&D capacity and internal human resources in order to remain a long-term key player in the industry. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - 05/16/17
- LOOP
05/16/17 UPGRADETarget $25 LOOP Buy Regal Entertainment upgraded to Buy from Hold at Loop Capital Loop Capital analyst David Miller upgraded Regal Entertainment to Buy from Hold and increased its price target to $25 from $23. The analyst recommends taking advantage of recent weakness in shares and has confidence the company will pay a special dividend to shareholders around Q4 or in 1H 2018. The analyst said Regal pays a special dividend on average every two years and has not paid once since December 2014. Miller would not be surprised if the dividend is of the magnitude of a $1.00/share given current cash levels and free cash flow generation.  - $15.00
0.22 (1.49%) - 11/10/16
- DBAB
Vipshop upgraded to Buy from Hold at Deutsche Bank - 05/16/17
- JPMS
05/16/17 UPGRADEJPMS Overweight Vipshop upgraded to Overweight from Neutral at JPMorgan - 03/22/17
- PACS
03/22/17 INITIATIONTarget $17 PACS Overweight Vipshop initiated with an Overweight at Pacific Crest Pacific Crest initiated Vipshop with an Overweight and a $17 price target. - 01/11/17
- BERN
01/11/17 INITIATIONBERN Underperform Vipshop initiated with an Underperform at Bernstein Bernstein analyst Bhavtosh Vajpayee started coverage of Vipshop with a $10 price target and an Underperform rating. |