2017-05-16 09:45:29CJ   - $33.30
0.55 (1.68%) , WTTR… 09:4505/16/17 05/1609:45 05/16/1709:45 | On The Fly: Top five analyst initiationsCatch up on today's top five analyst initiations with this list compiled by The Fly: 1. C&J Energy Services (CJ) initiated with a Buy at Citi. 2. Select Energy Services (WTTR) was initiated with an Outperform at Credit Suisse and FBR Capital, an Overweight at Piper Jaffray, a Buy at BofA/Merrill and Citi, and a Neutral at JPMorgan. 3. Nike (NKE) was initiated with a Buy and named a top pick at Berenberg, while Under Armour (UA) and lululemon (LULU) were initiated with a Hold. 4. Builders FirstSource (BLDR) coverage assumed with an Outperform at Wedbush. 5. Sapiens (SPNS) assumed with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here. CJ - $33.30
0.55 (1.68%) WTTR NKE - $52.20
-1.57 (-2.92%) UA - $18.42
-0.23 (-1.23%) LULU - $51.49
-1.63 (-3.07%) BLDR - $14.47
0.23 (1.62%) SPNS - $13.36
0.75 (5.95%) | |
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- $33.30
0.55 (1.68%) - 05/10/17
- PIPR
05/10/17
UPGRADETarget $40
PIPR
Overweight C&J Energy Services upgraded to Overweight from Neutral at Piper Jaffray Piper Jaffray analyst John Daniel upgraded C&J Energy Services to Overweight citing a better relative valuation versus peers and a "healthy" $300M cash position. The analyst raised his price target for the shares to $40 from $38.50. - 05/03/17
On The Fly: Top five analyst initiations Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Bob Evans (BOBE) initiated with an Outperform at William Blair. 2. C&J Energy Services (CJ) initiated with a Buy at Deutsche Bank. 3. Ironwood (IRWD) initiated with an Outperform at Wells Fargo. 4. Viveve (VIVE) initiated with an Outperform at Cowen. 5. LCI Industries (LCII) initiated with an Outperform at Baird. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here. - 05/03/17
- DBAB
05/03/17
INITIATIONTarget $43
DBAB
Buy C&J Energy Services initiated with a Buy at Deutsche Bank Deutsche Bank analyst Mike Urban started C&J Energy Services with a Buy rating and $43 price target. The company is positioned to benefit from the "secular rise in frac intensity," the analyst contends. - 05/16/17
- SBSH
05/16/17
INITIATIONTarget $40
SBSH
Buy C&J Energy Services initiated with a Buy at Citi Citi analyst Scott Gruber started C&J Energy Services with a Buy rating and $40 price target. Few oil services stocks screen as cheaply as C&J, the analyst tells investors in a research note. WTTR Select Energy Services - 05/16/17
- FBCO
05/16/17
INITIATIONTarget $20
FBCO
Outperform Select Energy Services initiated with an Outperform at Credit Suisse Credit Suisse analyst James Wicklund initiated Select Energy Services with an Outperform rating and $20 price target. - 05/16/17
- BOFA
05/16/17
INITIATIONTarget $20
BOFA
Buy Select Energy Services initiated with a Buy at BofA/Merrill BofA/Merrill analyst JB Lowe initiated Select Energy Services with a Buy and a $20 price target. - 05/16/17
- SBSH
05/16/17
INITIATIONTarget $19
SBSH
Buy Select Energy Services initiated with a Buy at Citi Citi analyst Michael Sabella started Select Energy Services with a Buy rating and $19 price target. Water used for fracking is surging, and Select "is at the front of the industry," the analyst contends. - 05/16/17
- FBRC
05/16/17
INITIATIONTarget $23
FBRC
Outperform Select Energy Services initiated with an Outperform at FBR Capital FBR Capital analyst Thomas Curran started Select Energy Services with an Outperform rating and $23 price target. - $52.20
-1.57 (-2.92%) - 05/16/17
- OPCO
05/16/17
NO CHANGEOPCO
Perform Nike estimates lowered on currency headwinds at Oppenheimer Oppenheimer analyst Anna Andreeva lowered her FY18 estimate for Nike to $2.40 to reflect currency headwinds. The company expects $1.6B-$2.0B of currency headwind to pre-tax income in FY16 to FY18, with the largest drag in FY18, the analyst tells investors in a research note. Andreeva notes her new estimate, lowered from $2.60, is below consensus. She keeps a Perform rating on Nike shares. - 04/05/17
- BOFA
04/05/17
NO CHANGETarget $46
BOFA
Underperform Nike international inventory elevated, futures muted, says BofA/Merrill BofA/Merrill analyst Robert Ohmes reiterated his Underperform and $46 price target on Nike shares saying international inventory continues to grow faster than reported futures, with revenue decelerating in Europe and tough comps in China. He expects Nike to continue to lose share in North America to adidas over the next 12-24 months and notes direct-to-consumer has decelerated as Nike laps elevated clearance comps and a said there has been a deceleration in e-commerce. - 04/04/17
On The Fly: Top five analyst downgrades Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Salmon saying Amazon's (AMZN) ad business represents Google's biggest competitive headwind since Facebook (FB). The analyst believes Google can still grow revenue at 15%-20% over the mid-and long term, but he sees a lower likelihood of topping expectations as Amazon's ad business rises. Salmon continues to prefer Alphabet shares to Facebook, however. He moved Amazon to his top pick this morning and upped his price target for the shares to $1,200. 2. NVIDIA (NVDA) downgraded to Underweight from Sector Weight at Pacific Crest. 3. Nike (NKE) downgraded to Hold from Buy at Argus with analyst John Staszak saying he expects the company's growth to slow over the next 12 months due to competition from Adidas (ADDYY) and Under Armour (UAA). 4. Urban Outfitters (URBN) and L Brands (LB) were downgraded to Neutral from Buy at Citi. 5. Bank of America (BAC) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying the stock's outperformance since the U.S. election has substantially closed the valuation gap with JPMorgan (JPM). "We do not see a lot left to play for," Horowitz tells investors in a research note. He lowered his price target for Bank of America shares to $25 from $26. 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
- BREN
05/16/17
INITIATIONTarget $70
BREN
Buy Nike initiated with a Buy and named a top pick at Berenberg Berenberg analyst Corinna Freedman initiated Nike with a Buy and a $70 price target. Freedman named Nike a top pick saying the brand is the best positioned globally with leading industry-leading ROIC, a formidable cash position, and attractive valuation. The analyst sees an opportunity from margin expansion, easing competitive threats, low expectations, and a positive inventory inflection and stabilization in North America. - $18.42
-0.23 (-1.23%) - 05/16/17
- BREN
05/16/17
INITIATIONTarget $20
BREN
Hold Under Armour initiated with a Hold at Berenberg Berenberg analyst Corinna Freedman initiated Under Armour with a Hold and a $20 price target saying she is cautious near-term given exposure to the mid-tier department store channel, limited opportunity for additional meaningful North American market share gains, and poorly received footwear styles. - 04/27/17
- JEFF
04/27/17
NO CHANGETarget $27
JEFF
Buy Under Armour 'on the way back up,' says Jefferies In a post-earnings research note titled "On the Way Back Up," Jefferies analyst Randal Konik says the Under Armour brand is "here to stay." In Q1, the company's top-line met expectations, margins were better than feared and inventories were well-controlled, the analyst contends. He keeps a Buy rating on the shares with a $27 price target. The stock in premarket trading is up $1.68 to $21.39. - 05/09/17
- JEFF
05/09/17
NO CHANGETarget $28
JEFF
Buy Under Armour moving Fulks to 'right spot,' says Jefferies Jefferies analyst Randal Konik said the assignment of Kip Fulks as a strategic advisor to Under Armour CEO Kevin Plank is a positive that underscores the company's commitment to improving profitability. The analyst, who continues to think share losing "in the rear view," apparel is stabilizing, and footwear comps are easing, suggest investors buy Under Armour shares and keeps a $28 price target on the name. - 05/11/17
- JEFF
05/11/17
NO CHANGETarget $28
JEFF
Buy Kohl's call shows Under Amour bears 'misplaced,' says Jefferies Jefferies analyst Randal Konik points out that Kohl's (KSS) on today's Q1 earnings call noted that the Under Amour (UAA) launch is exceeding its "aggressive" expectations across every category. "This shows the bears are misplaced, period," Konik tells investors in a research note titled "Kohl's Shows Just How Wanted the UA Brand Is." The analyst reiterates his call to buy Under Armour shares "now." He believes Kohl's conference call today shows the "robust" demand for the Under Armour brand. Konik has a Buy rating on the shares with a $28 price target. The stock in morning trading is down 3% to $20.50. - $51.49
-1.63 (-3.07%) - 04/12/17
- STFL
lululemon upgraded on positive risk/reward at Stifel As noted earlier, Stifel upgraded lululemon to Buy from Hold. Analyst Jim Duffy says that the stock is trading near historical lows following "a merchandising misstep in early spring and disappointing Q1 guidance." He thinks that improvements in the company's fundamentals can cause its multiple to rise, while risk is "contained to any downward estimate revisions." Target remains $60. - 04/20/17
- COWN
04/20/17
NO CHANGETarget $64
COWN
Outperform lululemon shares trading at a discount, says Cowen Cowen analyst Oliver Chen said lululemon shares are trading at a discount given the guidance of positive comps for Q2. The analyst sees catalysts for rising valuation, including product innovations, the company's global brand campaign, and online visual improvements. Chen reiterated his Outperform rating and $64 price target on lululemon shares. - 05/15/17
- WEDB
Best Ideas List removals at Wedbush Wedbush removed the following companies from its Best Ideas List, they are Ardelyx (ARDX), Builders FirstSource (BLDR), Covanta (CVA), Interpublic Group (IPG), lululemon (LULU), and Prosperity Bancshares (PB). - 05/16/17
- BREN
05/16/17
INITIATIONTarget $54
BREN
Hold lululemon initiated with a Hold at Berenberg Berenberg analyst Corinna Freedman initiated lululemon with a Hold and a $54 price target saying the brand's market shares has likely peaked and the aggressive North American store roll out has saturated the market. BLDR Builders FirstSource - $14.47
0.23 (1.62%) - 05/16/17
- WEDB
05/16/17
INITIATIONWEDB
Outperform Builders FirstSource coverage assumed with an Outperform at Wedbush Wedbush analyst Jay McCanless assumed coverage of Builders with a $20 price target and an Outperform rating. The analyst expects the company to benefit from "the continued rise in new home demand and demand for repair and remodel activities." - 05/10/17
- RHCO
Builders FirstSource weakness creates buying opportunity, says SunTrust SunTrust analyst Keith Hughes says that Builders' Q2 margins were hurt by lumber price increases last quarter, but he thinks its margins can rebound in 2H17. The analyst recommends buying the stock on weakness. - 01/05/17
- LEHM
01/05/17
INITIATIONTarget $12
LEHM
Equal Weight Builders FirstSource initiated with an Equal Weight at Barclays Barclays analysts Michael Dahl initiated Builders FirstSource with an Equal Weight and a $12 price target. - $13.36
0.75 (5.95%) - 05/16/17
- WBLR
05/16/17
INITIATIONWBLR
Outperform Sapiens assumed with an Outperform at William Blair William Blair analyst Justin Furby assumed coverage of Sapiens International with an Outperform rating. The analyst says he's encouraged by the "strong" Q1 bookings and pipeline commentary. |