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Fly News Breaks for April 15, 2016
SEAS, STX, NKE, FL, AYR, DDD
Apr 15, 2016 | 10:22 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. 3D Systems (DDD) downgraded to Sell at Citi by analyst Kenneth Wong after the stock has nearly tripled since the market selloff in February. Wong said the hiring of Vyomesh Joshi as CEO is a positive, but already priced into the shares at current levels. He adds that a takeout is "highly unlikely." 2.Aircastle (AYR) double downgraded to Underweight at Barclays to "better reflect even a modest risk of recession over the next year." 3. Foot Locker (FL) downgraded to Market Perform at Cowen by analyst John Kernan after the firm's checks indicated the promotions on signature sneakers are rising rapidly and data showed that average selling prices of Nike (NKE) footwear declined 1% in North America in Q3. 4. Seagate (STX) downgraded to Hold at Argus after the company issued a negative preannouncement. The analyst firm believes the company is facing structural challenges and finds the decline in the company's gross margin to be worrisome. 5. SeaWorld (SEAS) downgraded to Neutral at Citi with analyst Jason Bazinet saying a retrenchment in Orlando airport traffic could offset the benefits from the management's change in strategy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For DDD;AYR;FL;NKE;STX;SEAS From the Last 2 Days
STX
Apr 24, 2024 | 16:14 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
STX
Apr 23, 2024 | 17:33 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here
STX
Apr 23, 2024 | 16:10 EDT
Sees Q4 revenue $1.7B-$2.0B, consensus $1.85B
STX
Apr 23, 2024 | 16:10 EDT
Reports Q3 revenue $1.66B, consensus $1.68B. "Seagate's March quarter revenue grew 6% and non-GAAP EPS more than doubled over the December quarter as we benefit from improving cloud demand, our strong operating discipline and price execution. This combination sets the foundation for a return to target margin performance as the markets recover," said Dave Mosley, CEO. "This constructive demand backdrop is well-timed as we prepare to ramp our Mozaic products, anchored by industry-leading HAMR technology. HAMR-based products offer compelling economic value for our customers and position Seagate to drive further financial performance gains, as well as capitalize on favorable long-term demand for mass capacity storage."