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Fly News Breaks for April 13, 2015
UNH, STJ, SBGL, SRE, PSG, PTEN, NRBAY, NFLX, MRO, LPX, KKPNY, INTU, IPCM, HST, HABT, FCX, ECA, DSX, CLVS, CBK, CCJ, CEO, BCE, ABBV
Apr 13, 2015 | 10:00 EDT
Today's noteworthy upgrades include: AbbVie (ABBV) upgraded on Imbruvica outlook at BMO Capital... BCE (BCE) upgraded to Outperform from Sector Perform at Scotia Capital... CNOOC (CEO) upgraded to Buy from Sell at UBS... Cameco (CCJ) upgraded at BofA/Merrill... Christopher & Banks (CBK) upgraded to Overweight from Neutral at Piper Jaffray... Clovis (CLVS) upgraded to Buy from Neutral at Goldman... Diana Shipping (DSX) upgraded to Buy from Hold at Deutsche Bank... Encana (ECA) upgraded to Buy from Neutral at BofA/Merrill... Freeport McMoRan (FCX) upgraded to Buy from Neutral at Citigroup... Habit Restaurants (HABT) upgraded to Outperform from Neutral at Baird... Host Hotels (HST) upgraded to Buy from Hold at Evercore ISI... IPC Healthcare (IPCM) upgraded to Overweight from Sector Weight at KeyBanc... Intuit (INTU) upgraded to Hold from Sell at Evercore ISI... KPN (KKPNY) upgraded to Buy from Underperform at BofA/Merrill... Louisiana-Pacific (LPX) upgraded on OSB price outlook at RBC Capital... Marathon Oil (MRO) upgraded at BofA/Merrill... Netflix (NFLX) upgraded to Buy from Neutral at UBS... Nordea (NRBAY) upgraded to Neutral from Underperform at Credit Suisse... Patterson-UTI (PTEN) upgraded to Hold from Underperform at Jefferies... Performance Sports Group (PSG) upgraded to Buy from Neutral at BofA/Merrill... Sempra Energy (SRE) upgraded to Buy from Neutral at Goldman... Sibanye Gold (SBGL) upgraded to Neutral from Sell at Citigroup... St. Jude Medical (STJ) upgraded to Neutral from Underperform at Credit Suisse... UnitedHealth (UNH) upgraded to Buy from Hold at Jefferies.
News For ABBV;BCE;CEO;CCJ;CBK;CLVS;DSX;ECA;FCX;HABT;HST;IPCM;INTU;KKPNY;LPX;MRO;NFLX;NRBAY;PTEN;PSG;SRE;SBGL;STJ;UNH From the Last 2 Days
MRO
Mar 28, 2024 | 17:28 EDT
In a regulatory filing, Marathon Oil executive VP Patrick Wagner disclosed the sale of 34,094 common shares of the company on March 27 at a price of $27.6469 per share.
UNH
Mar 28, 2024 | 15:22 EDT
What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 25-28. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here
MRO
Mar 28, 2024 | 09:26 EDT
Morgan Stanley raised the firm's price target on Marathon Oil to $26 from $24 and keeps an Equal Weight rating on the shares. The energy sector is experiencing an improving macro backdrop, which has led to a catch-up trend experience in energy stocks, the analyst tells investors. With valuations still 2x the historic discount vs S&P, strong free-cash-flow yields, and positive earnings revisions, the firm sees a path to further outperformance.
UNH
Mar 28, 2024 | 06:51 EDT
BofA downgraded Molina Healthcare (MOH) to Underperform from Neutral with a $439 price target. The firm, which is concerned that Molina and the Medicaid industry more broadly are likely to face rate pressure after a period of elevated margins, sees a less attractive risk/reward for Molina compared to other insurers the firm covers, the analyst tells investors. Molina is now trading roughly at parity with the firm's top pick in the space, UnitedHealth (UNH), compared to a 22% discount that had been seen over the last five years, helping to underscore the firm's view that "sentiment for Medicaid is nearing a top just at a time when Medicare is reaching a bottom," the analyst added.
NFLX
Mar 27, 2024 | 08:06 EDT
Wedbush analyst Michael Pachter raised the firm's price target on Netflix to $725 from $615 and keeps an Outperform rating on the shares. The firm also removed Netflix from Wedbush's Best Ideas List after a year of significant growth. The firm's quarterly survey indicates a seasonal deceleration in subscribers and an expansion of subscribers on Netflix's ad tier. As long as global trends remain consistent and the ad market continues to improve this year, Wedbush expects Netflix to continue to report strong results. With that said, some of the major catalysts that drove its Best Ideas List placement have been priced in. The firm thinks the ad tier will continue to limit churn, and it has a significant opportunity to expand its advertising revenue in 2024 and beyond. Furthermore, Wedbush believes Netflix has reached the right formula with global content creation, balancing costs, and increasing profitability.
NFLX
Mar 26, 2024 | 05:40 EDT
BofA added Spotify (SPOT) to its US 1 List while removing Netflix (NFLX). The list is a collection of the firm's best ideas.