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WYNN

Wynn Resorts

$122.42

-0.2 (-0.16%)

, MGM

MGM Resorts

$31.42

0.46 (1.49%)

13:10
05/19/17
05/19
13:10
05/19/17
13:10

Macau gaming regulator comments 'nothing new,' says JPMorgan

After local Chinese media quoted Paulo Chan, the director of Macau's gaming regulator, as having said that existing casino operators will have to "re-bid" for their concessions, JP Morgan analyst DS Kim said earlier that "this is nothing new" as he believes Chan was just clarifying legal terminology and statutory facts. Chan emphasized there isn't any new development regarding gaming concessions, which Kim thinks is the message he wanted to convey. Kim also said in a note issued prior to the open that his view remains that all six existing licenses will be renewed and no new license will be issued.

WYNN

Wynn Resorts

$122.42

-0.2 (-0.16%)

MGM

MGM Resorts

$31.42

0.46 (1.49%)

LVS

Las Vegas Sands

$57.10

0.25 (0.44%)

MLCO

Melco Resorts & Entertainment

$20.99

-0.27 (-1.27%)

  • 31

    May

WYNN Wynn Resorts
$122.42

-0.2 (-0.16%)

05/12/17
05/12/17
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. Tiffany (TIF) upgraded to Buy from Neutral at Goldman Sachs analyst Lindsay Drucker Mann saying the luxury category is improving amid higher international tourist spending and a "firming" high-end U.S. consumer. 2. Bed Bath & Beyond (BBBY) upgraded to Hold from Sell at Loop Capital with analyst Anthony Chukumba citing valuation, not a more bullish view of the company's fundamentals, for the upgrade. 3. Chemours (CC) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the stock's multiple can expand given the company's longer-term growth opportunities. Chemours has a proprietary set of "very profitable newer generation refrigerants with patent lives extending to 2022 with excellent growth potential," Zekauskas tells investors in a research note. He raised his price target for the shares to $50 from $39. 4. TripAdvisor (TRIP) upgraded to Long-Term Buy from Neutral at Hilliard Lyons with analyst Stephen Turner citing improving underlying performance following the first quarter report. 5. Wynn Resorts (WYNN) and Las Vegas Sands (LVS) were upgraded to Overweight from Equal Weight at Barclays. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/12/17
05/12/17
UPGRADE

Overweight
Las Vegas Sands, Wynn Resorts upgraded on Macau recovery at Barclays
As previously reported, Barclays analyst Felicia Hendrix upgraded both Las Vegas Sands (LVS) and Wynn Resorts (WYNN), each to Overweight from Equal Weight, citing the recovery in Macau, which she now believes is sustainable. The Macau gaming market has been picking up steam, having posted four consecutive quarters of mass market GGR growth, and Hendrix sees this as the early stages of a multi-year growth cycle, she tells investors. The analyst, who raised her price target on Las Vegas Sands to $68 from $55 and on Wynn to $144 from $87, also keeps an unchanged Overweight rating and $34 target on casino peer MGM Resorts (MGM).
05/12/17
LEHM
05/12/17
UPGRADE
LEHM
Overweight
Wynn Resorts upgraded to Overweight from Equal Weight at Barclays
04/26/17
04/26/17
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. Big Lots (BIG) upgraded to Strong Buy from Market Perform at Raymond James with analyst Dan Wewer saying all productivity metrics continue to improve as the company has pruned back underperforming stores and has focused on sales, productivity, EBIT%, ROIC, FCF, dividend growth, and buybacks. Wewer notes Big Lots' short interest has reached 33% and could be a benefit as the company delivers on on earnings and guidance. 2. Dynegy (DYN) upgraded to Hold from Sell at Deutsche Bank with analyst Abe Aza citing a balanced risk/reward with the stock down 30% since February's "disappointing" New England capacity auction results. The analyst raised his price target for the shares to $7 from $6. 3. L Brands (LB) upgraded to Buy on core comp, margin opportunity at Buckingham with the firm saying the worst of trends at Victoria's Secret are past and believes core comps and margin can improve going forward. 4. Wynn Resorts (WYNN) upgraded to Buy from Hold at Union Gaming. 5. BHP Billiton (BHP) upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MGM MGM Resorts
$31.42

0.46 (1.49%)

03/08/17
STFL
03/08/17
NO CHANGE
STFL
MGM Resorts decline caused by several factors, says Stifel
Stifel analyst Steven Wieczynski blames yesterday's decline in MGM's stock on the company's statement that President Trump's travel ban "created some noise in Strip lodging trends during January and February.," a decline in National Harbor's win rate in February versus January, and the North Korea missile launch. However, the analyst notes that March has been more encouraging in Vegas so far, and he keeps a Buy rating on the shares.
04/25/17
MSCO
04/25/17
NO CHANGE
MSCO
Macau forecasts raised at Morgan Stanley
Morgan Stanley analyst Thomas Allen raised Macau estimates to reflect stronger Q1 momentum, driven by the VIP segment, and increased confidence in infrastructure, such as the Taipa ferry terminal opening. As a result, the analyst raised Wynn Resorts price target to $130 from $124 and continues to believe it has the most upside versus consensus, raised Las Vegas Sands (LVS) price target to $58 from $57, and increased MGM Resorts' price target to $31 from $30.
03/28/17
WOLF
03/28/17
INITIATION
Target $32
WOLF
Outperform
MGM Resorts initiated with an Outperform at Wolfe Research
Wolfe Research initiated MGM Resorts with an Outperform and a $32 price target.
LVS Las Vegas Sands
$57.10

0.25 (0.44%)

05/12/17
LEHM
05/12/17
UPGRADE
LEHM
Overweight
Las Vegas Sands upgraded to Overweight from Equal Weight at Barclays
04/28/17
SUSQ
04/28/17
NO CHANGE
Target $69
SUSQ
Positive
Las Vegas Sands price target raised to $69 from $63 at Susquehanna
Susquehanna analyst Rachel Rothman raised her price target on Las Vegas Sands to $69 from $63 following solid Q1 results. The analyst cited the company's organic growth in Macau, free cash flow deployment, global portfolio and a bullish long-term outlook. Rothman reiterated her Positive rating on Las Vegas Sands shares.
MLCO Melco Resorts & Entertainment
$20.99

-0.27 (-1.27%)

04/24/17
UGAM
04/24/17
UPGRADE
UGAM
Buy
Melco Resorts & Entertainment upgraded to Buy from Hold at Union Gaming

TODAY'S FREE FLY STORIES

02:45
05/25/17
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02:45
General news
FX Action: The dollar has been trading softer »

FX Action: The dollar has…

21:10
05/24/17
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General news
Breaking General news story  »

Chicago Federal Reserve…

MB

Mindbody

$27.95

0.1 (0.36%)

20:37
05/24/17
05/24
20:37
05/24/17
20:37
Syndicate
Mindbody 4.4M share Secondary priced at $27.95 »

JPMorgan, UBS, Jefferies…

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MDT

Medtronic

$84.70

0.09 (0.11%)

, DLTR

Dollar Tree

$78.08

-0.77 (-0.98%)

20:25
05/24/17
05/24
20:25
05/24/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MDT

Medtronic

$84.70

0.09 (0.11%)

DLTR

Dollar Tree

$78.08

-0.77 (-0.98%)

HRL

Hormel Foods

$35.40

0.19 (0.54%)

BBY

Best Buy

$50.42

-1.13 (-2.19%)

SIG

Signet Jewelers

$54.53

-3.85 (-6.59%)

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WUBA

58.com

$44.02

0.36 (0.82%)

20:11
05/24/17
05/24
20:11
05/24/17
20:11
Earnings
Breaking Earnings news story on 58.com »

58.com sees Q2 revenue up…

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  • 25

    May

WUBA

58.com

$44.02

0.36 (0.82%)

20:10
05/24/17
05/24
20:10
05/24/17
20:10
Earnings
58.com reports Q1 EPS 10c, consensus (25c) »

Reports Q1 revenue…

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  • 25

    May

SNAP

Snap

$20.53

0.5 (2.50%)

20:07
05/24/17
05/24
20:07
05/24/17
20:07
Periodicals
Snapchat Shows outperforming internal targets, Variety says »

As part of a larger…

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  • 24

    May

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EPC

Edgewell Personal Care

$72.45

0.36 (0.50%)

, PG

Procter & Gamble

$86.50

0.42 (0.49%)

19:53
05/24/17
05/24
19:53
05/24/17
19:53
Hot Stocks
Edgewell shave brand Schick launches subscription service »

Edgewell Personal Care…

EPC

Edgewell Personal Care

$72.45

0.36 (0.50%)

PG

Procter & Gamble

$86.50

0.42 (0.49%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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WOW

WideOpenWest

19:49
05/24/17
05/24
19:49
05/24/17
19:49
Syndicate
WideOpenWest 18.2M share IPO priced at $17.00, below the range »

The deal size was…

03/08/13
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  • 24

    May

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    May

SFTBF

SoftBank

$76.21

-0.585 (-0.76%)

, S

Sprint

$8.17

-0.01 (-0.12%)

19:44
05/24/17
05/24
19:44
05/24/17
19:44
Hot Stocks
SoftBank nominates Sprint CEO to board »

SoftBank (SFTBF)…

SFTBF

SoftBank

$76.21

-0.585 (-0.76%)

S

Sprint

$8.17

-0.01 (-0.12%)

03/08/13
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SNDX

Syndax

$13.89

-0.78 (-5.32%)

19:44
05/24/17
05/24
19:44
05/24/17
19:44
Syndicate
Syndax 3.75M share Secondary priced at $13.25 »

Morgan Stanley, Citi and…

03/08/13
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  • 02

    Jun

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JELD

JELD-WEN Holding

$31.21

0.95 (3.14%)

19:29
05/24/17
05/24
19:29
05/24/17
19:29
Syndicate
JELD-WEN Holding 14M share Secondary priced at $30.75 »

Barclays, Citi, Credit…

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03/08/13
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  • 25

    May

CWH

Camping World

$27.87

0.19 (0.69%)

19:27
05/24/17
05/24
19:27
05/24/17
19:27
Syndicate
Camping World 9.5M share Secondary priced at $27.75 »

The deal size was…

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  • 25

    May

PBR

Petrobras

$9.08

0.25 (2.83%)

19:17
05/24/17
05/24
19:17
05/24/17
19:17
Hot Stocks
Petrobras notified of dismissal of popular interest suit in shallow water case »

Petrobras reports that it…

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03/06/13
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ETSY

Etsy

$13.40

0.09 (0.68%)

19:17
05/24/17
05/24
19:17
05/24/17
19:17
Periodicals
Etsy downscales intern program, Bloomberg says »

Etsy is slashing its…

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03/06/13
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03/06/13
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GOOG

Alphabet

$954.96

6.14 (0.65%)

, GOOGL

Alphabet Class A

$977.61

7.06 (0.73%)

19:09
05/24/17
05/24
19:09
05/24/17
19:09
Hot Stocks
Google introduces marketing measurement tool 'Ads Data Hub' »

As part of its annual…

GOOG

Alphabet

$954.96

6.14 (0.65%)

GOOGL

Alphabet Class A

$977.61

7.06 (0.73%)

03/08/13
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03/06/13
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  • 24

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PTCT

PTC Therapeutics

$12.58

-0.92 (-6.81%)

19:04
05/24/17
05/24
19:04
05/24/17
19:04
Hot Stocks
PTC Therapeutics director Svoronos acquires 25,000 common shares »

In a regulatory filing,…

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  • 09

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    Oct

NVDA

Nvidia

$138.57

1.54 (1.12%)

, GOOG

Alphabet

$954.96

6.14 (0.65%)

19:04
05/24/17
05/24
19:04
05/24/17
19:04
Hot Stocks
NVIDIA CEO on Google AI chip: Great to see two leaders race »

In a company blog post…

NVDA

Nvidia

$138.57

1.54 (1.12%)

GOOG

Alphabet

$954.96

6.14 (0.65%)

GOOGL

Alphabet Class A

$977.61

7.06 (0.73%)

03/08/13
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03/06/13
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TSO

Tesoro

$83.09

0.07 (0.08%)

19:02
05/24/17
05/24
19:02
05/24/17
19:02
Hot Stocks
Tesoro says Western Rifing deal waiting period has terminated »

Tesoro Corporation…

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KR

Kroger

$29.13

0.01 (0.03%)

19:02
05/24/17
05/24
19:02
05/24/17
19:02
Hot Stocks
Kroger recalls Yellow Sponge Cake dessert cups containing undeclared milk »

The Kroger Company has…

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SZEVY

Suez

$9.18

0.065 (0.71%)

18:59
05/24/17
05/24
18:59
05/24/17
18:59
Downgrade
Suez rating change at Goldman Sachs »

Suez downgraded to…

03/08/13
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SABR

Sabre

$23.09

0.17 (0.74%)

18:48
05/24/17
05/24
18:48
05/24/17
18:48
Hot Stocks
Sabre sees approximately $80M-$100M charge associated with Air Berlin contract »

On May 24, Sabre…

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  • 24

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CONN

Conn's

$15.40

-0.15 (-0.96%)

18:33
05/24/17
05/24
18:33
05/24/17
18:33
Hot Stocks
Conn's announces departure of Michael Poppe, COO, Credit and Collections »

On May 23, Conn's…

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  • 31

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QDEL

Quidel

$24.62

0.01 (0.04%)

18:32
05/24/17
05/24
18:32
05/24/17
18:32
Hot Stocks
Quidel says PMDA of Japan approves Sofia Influenza A+B Assay »

Quidel announced it has…

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SBH

Sally Beauty

$17.38

-0.18 (-1.03%)

18:32
05/24/17
05/24
18:32
05/24/17
18:32
Hot Stocks
Sally Beauty CEO acquires 10,000 common shares »

In a regulatory filing,…

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