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Fly News Breaks for June 30, 2015
SHO, SXL, RRC, RES, BPOP, PBR, LOW, ING, GFI, CLGX, BCRX
Jun 30, 2015 | 10:00 EDT
Today's noteworthy upgrades include: BioCryst (BCRX) upgraded to Buy from Neutral at BofA/Merrill... CoreLogic (CLGX) upgraded to Overweight from Equal Weight at Stephens... Gold Fields (GFI) upgraded to Neutral from Sell at Goldman... ING Groep (ING) upgraded to Buy from Neutral at BofA/Merrill... Lowe's (LOW) upgraded to Outperform at BMO Capital... Petrobras (PBR) upgraded to Hold from Reduce at HSBC... Popular (BPOP) upgraded to Equal Weight from Underweight at Morgan Stanley... RPC, Inc. (RES) upgraded to Neutral from Sell at Citi... Range Resources (RRC) upgraded to Outperform from Market Perform at Raymond James... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Morgan Stanley... Sunstone Hotel (SHO) upgraded on improved risk outlook at Wells Fargo.
News For BCRX;CLGX;GFI;ING;LOW;PBR;BPOP;RES;RRC;SXL;SHO From the Last 2 Days
LOW
Mar 18, 2024 | 16:21 EDT
Mizuho analyst David Bellinger initiated coverage of Lowe's with a Buy rating and $280 price target. The analyst launched coverage of 15 companies in the consumer hardlines and consumer internet verticals with an optimistic view for the balance of 2024. The firm expects a "more subdued, yet stable" spending backdrop to become more apparent in the coming months and takes a positive view toward eight names. Its top picks include Lowe's (LOW) within core consumer hardlines and large caps, Wayfair (W) within consumer internet coverage, and Mister Car Wash (MCW) within small caps. Expectations for rate cuts into 2025 should serve as an added positive and supports a positive stance on home improvement and other home-related activity, the analyst tells investors in a research note.
PBR
Mar 18, 2024 | 10:55 EDT
Bearish flow noted in Petrobras with 35,593 puts trading, or 3x expected. Most active are 3/22 weekly 14 puts and 3/28 weekly 14 puts, with total volume in those strikes near 23,600 contracts. The Put/Call Ratio is 3.38, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 13th.