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Fly News Breaks for May 10, 2016
GNC, UA, KR, JCP, BATS
May 10, 2016 | 10:20 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. BATS Global Markets (BATS) initiated with a Hold at Jefferies and Sandler O'Neill, a Neutral at Citi, Goldman and JPMorgan, and an Equal Weight at Barclays and Morgan Stanley. The company was also initiated with an Outperform at Keefe Bruyette. 2. J.C. Penney (JCP) initiated with a Hold at Jefferies by analyst Randal Konik, who said the challenging retail environment may hinder the company's recovery under the new management team. 3. Kroger (KR) initiated with an Underweight at Piper Jaffray. 4. Under Armour (UA) resumed with a Market Perform at Wells Fargo by analyst Tom Nikic, who said the company's growth prospects are fully baked in at current valuation levels. 5. GNC Holdings (GNC) initiated with an Overweight at Piper Jaffray. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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