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Fly News Breaks for December 22, 2015
WLL, TDW, SCSS, RDC, PHM, NTAP, NEOG, IHS, ECA, EGN, CMG, KOOL, CTLT, ALK, ACTG
Dec 22, 2015 | 10:00 EDT
Today's noteworthy downgrades include: Acacia Research (ACTG) downgraded to Market Perform from Outperform at Northland... Alaska Air (ALK) downgraded on EPS outlook at Stifel... Catalent (CTLT) downgraded to Market Perform from Outperform at Wells Fargo... Cesca Therapeutics (KOOL) downgraded to Hold from Buy at Maxim... Chipotle (CMG) downgraded to Neutral from Overweight at JPMorgan... Encana (ECA) downgraded on commodity prices at BMO Capital... Energen (EGN) downgraded to Market Perform from Outperform at BMO Capital... IHS Inc. (IHS) downgraded on lack of catalysts, risk/reward at RBC Capital... Neogen (NEOG) downgraded to Hold from Buy at Craig-Hallum... NetApp (NTAP) downgraded on acquisition at RBC Capital... PulteGroup (PHM) downgraded to Neutral from Buy at Sterne Agee CRT... Rowan Companies (RDC) downgraded to Underperform from Outperform at CLSA... Select Comfort (SCSS) downgraded to Neutral from Overweight at Piper Jaffray... Tidewater (TDW) downgraded to Hold from Buy at Argus... Whiting Petroleum (WLL) downgraded on lowered oil prices outlook at BMO Capital.
News For ACTG;ALK;CTLT;KOOL;CMG;EGN;ECA;IHS;NEOG;NTAP;PHM;RDC;SCSS;TDW;WLL From the Last 2 Days
CMG
Mar 26, 2024 | 07:58 EDT
Bernstein raised the firm's price target on Chipotle to $3,200 from $2,800 and keeps an Outperform rating on the shares. Citing the recent launch of Chicken Al Pastor and momentum in in-store execution, the firm believes that the fundamental setup for 2024 is stronger and updated its same-store sales growth estimate to about 7% for 2024. The firm expects that Chipotle will reach $4M in average unit volume, or AUV, in five to six years, which it notes is ahead of consensus.