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ADP

ADP

$111.10

-0.48 (-0.43%)

, CLH

Clean Harbors

09:22
08/17/17
08/17
09:22
08/17/17
09:22

Ackman: ADP's ES growing 'slower than it should'

Pershing's Bill Ackman says ADP (ADP) management not compensated for achieving step-change results. Says ADP's Employer Services growing slower than it should, margins "vastly" lower than they should be. Ackman said executive stock options creating short-term focus. He also noted that Solera (SLH), CDK's (CDK) profits have improved after being spun out.

ADP

ADP

$111.10

-0.48 (-0.43%)

CLH

Clean Harbors

CDK

CDK Global

$62.51

0.89 (1.44%)

  • 17

    Aug

  • 11

    Sep

ADP ADP
$111.10

-0.48 (-0.43%)

08/03/17
08/03/17
DOWNGRADE
Target $100

Underweight
ADP downgraded to Underweight at Morgan Stanley
As previously reported, Morgan Stanley downgraded ADP to Underweight from Equal Weight and raised its price target to $100 from $98. Analyst Danyal Hussain said there are not quick "fixes" to ADP's strategy, even with an activist investor, as margin expansion opportunities are limited and notes the stock has been pricing in improving fundamentals, which are likely to disappoint.
08/14/17
STFL
08/14/17
NO CHANGE
Target $108
STFL
Hold
Stifel analysis suggests ADP's margins are 'reasonable'
Stifel analyst David Grossman says that while he looks forward to Pershing Square's presentation Thursday, his analysis suggests ADP's margins are "reasonable" based on its business model and current mix of business. Management and the board has worked hard to balance growth and profitability against stability, Grossman tell investors in a research note partially titled, "They May Have a Case, Though Not Immediately Obvious to Us." The analyst believes any effort to improve margins will need to be viewed in the context of that trade-off. He also questions how much near-term opportunity has already been priced in the shares post Pershing's involvement. Grossman has a Hold rating on ADP with a $108 price target.
08/16/17
JPMS
08/16/17
NO CHANGE
Target $99
JPMS
Neutral
ADP 'reasonably priced' ahead of Pershing webcast, says JPMorgan
JPMorgan analyst Tien-tsin Huang views ADP as "reasonably priced" ahead of Pershing Sqaure's activist webcast tomorrow morning. Pershing's involvement, however, could be a "net win" for the company longer-term, Huang tells investors in a research note. The analyst keeps a Neutral rating on ADP with a $99 price target.
08/17/17
SBSH
08/17/17
NO CHANGE
Target $110
SBSH
Neutral
ADP placed on positive Catalyst Watch list at Citi
Citi analyst Ashwin Shirvaikar placed on ADP on its 90-day positive Catalyst Watch list while raising his price target for the shares to $110 from $98. The analyst keeps a Neutral rating on the name. Regardless of the outcome with Pershing Square, ADP will "tighten up its planning, delivery and operations in order to show it offers a better/safer alternative," Shirvaikar tells investors in a research note. He believes this should lead to a higher "base case" outcome for ADP, or $110 per share.
CLH Clean Harbors

08/03/17
KEYB
08/03/17
DOWNGRADE
KEYB
Sector Weight
Clean Harbors downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Joe Box downgraded Clean Harbors to Sector Weight following the disappointing Q2 saying he has reduced confidence the company can match top line growth with margin expansion.
08/07/17
LEHM
08/07/17
UPGRADE
Target $50
LEHM
Equal Weight
Clean Harbors upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Jon Windham upgraded Clean Harbors to Equal Weight saying the company's results in the second half of 2017 have less downside risk amid the steadily increasing level of industrial activity. The analyst keeps a $50 price target for the shares.
08/03/17
BMOC
08/03/17
NO CHANGE
BMOC
Clean Harbors should be bought on weakness, says BMO Capital
BMO Capital analyst Jeffrey Silber says that the decline in Clean Harbors' stock after its results "was a bit overdone," since the company sounded "confident" and reiterated its 2017 EBITDA guidance. He recommends buying the shares on weakness.
06/30/17
BMOC
06/30/17
INITIATION
BMOC
Outperform
Clean Harbors initiated on new initiatives at BMO Capital
As noted earlier, BMO Capital started coverage of Clean Harbors with a $65 price target and an Outperform rating. Analyst Jeffrey Silber says that the company should benefit from an expected increase in industrial production and its new initiatives.
CDK CDK Global
$62.51

0.89 (1.44%)

06/21/17
WELS
06/21/17
UPGRADE
WELS
Outperform
CDK Global upgraded on positive catalysts at Wells Fargo
As noted earlier, Wells Fargo upgraded CDK Global to Outperform from Market Perform. The firm is upbeat on the company's business plan and its ability to raise its margins. Wells thinks that the company's margins can reach 35% in fiscal 2018 and 40% over the longer term. It calls the stocks valuation attractive. Target $75.
06/21/17
06/21/17
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. VMware (VMW) upgraded to Buy from Hold at Stifel with analyst Brad Reback upgraded the stock based on what he calls "a series of strong earnings results" by the company. 2. CDK Global (CDK) upgraded to Outperform from Market Perform at Wells Fargo with the firm saying it is upbeat on the company's business plan and its ability to raise its margins. Wells thinks that the company's margins can reach 35% in fiscal 2018 and 40% over the longer term. It calls the stocks valuation attractive. 3. AGCO (AGCO) upgraded to Neutral from Sell at UBS with analyst Steven Fisher citing improved business conditions. The analyst said valuation remains expensive relative to history, but he no longer sees a near-term downside catalyst and believes the company could raise its European forecast. Fisher raised his price target to $68 from $52 on AGCO shares. 4. PayPal (PYPL) upgraded to Overweight from Sector Weight at Pacific Crest with analyst Josh Beck saying its Choice and Venmo strategies are moving from investment to "harvesting mode." 5. Oneok (OKE) upgraded to Buy from Hold at Argus with analyst David Coleman citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage click here.
07/10/17
EVER
07/10/17
UPGRADE
Target $72
EVER
Outperform
CDK Global upgraded to Outperform from In Line at Evercore ISI
Evercore ISI analyst Rayna Kumar upgraded CDK Global to Outperform and raised its price target to $72 from $62. The analyst believes the appointment of Joe Tautges as CEO, effective August 9, will be a catalyst for management to increase its FY18 adjusted EBITDA margin target of 35% over the next 2 quarters. Tautges lead the transformation at the Enterprise Services segment of Hewlett Packard Enterprise, where he focused on significant cost savings, and may be more focused on margin expansion than his predecessor, the analyst believes.
06/21/17
WELS
06/21/17
UPGRADE
WELS
Outperform
CDK Global upgraded to Outperform from Market Perform at Wells Fargo

TODAY'S FREE FLY STORIES

ZLAB

Zai Lab

10:51
09/20/17
09/20
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Syndicate
Breaking Syndicate news story on Zai Lab »

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STX

Seagate

$32.18

-1.34 (-4.00%)

10:50
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09/20
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Options
Short-term calls on Seagate see interest for a second time this week »

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TFX

Teleflex

$237.42

-2.3252 (-0.97%)

10:47
09/20/17
09/20
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10:47
Conference/Events
Teleflex management to meet with JMP Securities »

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OFIX

Orthofix

$48.51

-0.49 (-1.00%)

10:45
09/20/17
09/20
10:45
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10:45
Conference/Events
Orthofix management to meet with JMP Securities »

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PFE

Pfizer

$35.93

0.475 (1.34%)

10:45
09/20/17
09/20
10:45
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10:45
Options
Pfizer call volume above normal and directionally bullish »

Bullish option flow…

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10:45
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General news
Euro$ interest rate futures are relatively buoyant »

Euro$ interest rate…

ZLAB

Zai Lab

10:44
09/20/17
09/20
10:44
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10:44
Syndicate
Breaking Syndicate news story on Zai Lab »

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  • 20

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NKTR

Nektar

$21.75

-0.85 (-3.76%)

10:44
09/20/17
09/20
10:44
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10:44
Conference/Events
Nektar management to meet with Jefferies »

Meeting to be held in San…

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  • 22

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MAT

Mattel

$15.05

0.18 (1.21%)

, HAS

Hasbro

$94.99

1.75 (1.88%)

10:44
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09/20
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Hot Stocks
Toymakers in focus after Toys"R"Us files for bankruptcy, Amazon could benefit »

Shares of toymakers,…

MAT

Mattel

$15.05

0.18 (1.21%)

HAS

Hasbro

$94.99

1.75 (1.88%)

JAKK

JAKKS Pacific

$2.83

-0.025 (-0.88%)

KKR

KKR

$19.24

0.15 (0.79%)

VNO

Vornado

$73.34

-0.03 (-0.04%)

AMZN

Amazon.com

$969.86

-4.33 (-0.44%)

WMT

Wal-Mart

$80.29

0.24 (0.30%)

JPM

JPMorgan

$94.12

0.18 (0.19%)

03/08/13
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  • 23

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    Oct

MODN

Model N

$13.35

-0.15 (-1.11%)

10:43
09/20/17
09/20
10:43
09/20/17
10:43
Conference/Events
Model N management to meet with Craig Hallum »

Meeting to be held in…

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  • 22

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MMM

3M

$210.50

-3.06 (-1.43%)

10:43
09/20/17
09/20
10:43
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10:43
Hot Stocks
Analyst says sell 3M amid slowdown in autos, electronics »

JPMorgan downgraded 3M…

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  • 24

    Oct

ODP

Office Depot

$4.35

-0.07 (-1.58%)

, ADP

ADP

$107.48

0.93 (0.87%)

10:42
09/20/17
09/20
10:42
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10:42
Hot Stocks
Office Depot says David Bleisch joins as Chief Legal Officer »

Office Depot (ODP)…

ODP

Office Depot

$4.35

-0.07 (-1.58%)

ADP

ADP

$107.48

0.93 (0.87%)

03/08/13
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ZLAB

Zai Lab

10:40
09/20/17
09/20
10:40
09/20/17
10:40
Syndicate
Zai Lab indicated to open at $23, IPO priced at $18 »

Zai Lab (ZLAB) priced 8M…

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03/06/13
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  • 20

    Sep

10:40
09/20/17
09/20
10:40
09/20/17
10:40
General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

APC

Anadarko

$44.64

0.88 (2.01%)

10:35
09/20/17
09/20
10:35
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10:35
Options
Anadarko put volume heavy and directionally bearish »

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  • 27

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JCOM

j2 Global

$73.37

-1.52 (-2.03%)

10:35
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09/20
10:35
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Conference/Events
j2 Global management to meet with JMP Securities »

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  • 22

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PFE

Pfizer

$35.85

0.4 (1.13%)

, JNJ

Johnson & Johnson

$133.60

-1.62 (-1.20%)

10:34
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Hot Stocks
Pfizer takes J&J to court as analysts shake up pharma ratings »

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PFE

Pfizer

$35.85

0.4 (1.13%)

JNJ

Johnson & Johnson

$133.60

-1.62 (-1.20%)

LLY

Eli Lilly

$82.24

0.505 (0.62%)

NVS

Novartis

$86.11

0.26 (0.30%)

ABBV

AbbVie

$86.90

0.53 (0.61%)

BMY

Bristol-Myers

$63.08

0.1532 (0.24%)

AGN

Allergan

$211.28

-3.725 (-1.73%)

03/08/13
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  • 20

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  • 17

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  • 31

    Oct

  • 09

    Nov

  • 05

    Mar

  • 17

    May

10:31
09/20/17
09/20
10:31
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10:31
General news
Crude inventories for week of September 15 »

Crude oil inventories…

PYPL

PayPal

$63.83

0.91 (1.45%)

10:30
09/20/17
09/20
10:30
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10:30
Recommendations
PayPal analyst commentary  »

PayPal price target…

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  • 21

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    Nov

10:30
09/20/17
09/20
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General news
The 1.7% U.S. August existing home sales drop »

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AAXN

Axon

$22.07

-0.33 (-1.47%)

10:29
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09/20
10:29
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10:29
Periodicals
Studies about Taser's safety were overstated, Reuters reports »

Claims about early…

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BIIB

Biogen

$317.93

-0.25 (-0.08%)

, CBAY

CymaBay

10:29
09/20/17
09/20
10:29
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10:29
Initiation
On The Fly: Top five analyst initiations »

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BIIB

Biogen

$317.93

-0.25 (-0.08%)

CBAY

CymaBay

EVH

Evolent Health

$16.18

0.5299 (3.39%)

EPZM

Epizyme

$19.25

1.4 (7.84%)

INTU

Intuit

$145.34

1.54 (1.07%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

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  • 03

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JNJ

Johnson & Johnson

$133.80

-1.42 (-1.05%)

, UAL

United Continental

$58.01

0.47 (0.82%)

10:29
09/20/17
09/20
10:29
09/20/17
10:29
Downgrade
On The Fly: Top five analyst downgrades »

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JNJ

Johnson & Johnson

$133.80

-1.42 (-1.05%)

UAL

United Continental

$58.01

0.47 (0.82%)

IR

Ingersoll-Rand

$88.85

-1.61 (-1.78%)

LB

L Brands

$37.40

-1.83 (-4.66%)

YAHOY

Yahoo Japan

$9.02

-0.03 (-0.33%)

03/08/13
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03/06/13
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03/06/13
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  • 22

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  • 02

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    Oct

PFE

Pfizer

$35.91

0.455 (1.28%)

, PGR

Progressive

$47.57

-0.065 (-0.14%)

10:29
09/20/17
09/20
10:29
09/20/17
10:29
Upgrade
On The Fly: Top five analyst upgrades »

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PFE

Pfizer

$35.91

0.455 (1.28%)

PGR

Progressive

$47.57

-0.065 (-0.14%)

AAL

American Airlines

$44.38

-0.93 (-2.05%)

LUV

Southwest

$53.77

0.23 (0.43%)

POST

Post Holdings

$86.68

0.32 (0.37%)

NDSN

Nordson

$114.62

0.12 (0.10%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 27

    Sep

  • 02

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  • 18

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    Oct

CELC

Celcuity

10:29
09/20/17
09/20
10:29
09/20/17
10:29
Syndicate
Celcuity opens at $12.35, IPO priced at $9.50 per share »

Celcuity (CELC) priced…

03/08/13
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  • 20

    Sep

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