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Fly News Breaks for July 31, 2017
VC, C, HTZ, ULTA, FB
Jul 31, 2017 | 10:16 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Sell from Hold at Pivotal Research with analyst Brian Wieser saying the shares are not factoring in risks to the company's growth following their "remarkable run" this year. 2. Ulta Beauty (ULTA) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying softer commentary from L'Oreal on its earnings call, increasing promotional activity from the department store channel, and more difficult year-over-year comparisons "could now signal a potentially more challenging beauty backdrop going forward." 3. Hertz (HTZ) downgraded to Underweight from Equal Weight at Barclays with analyst Brian Johnson saying fundamentals may have bottomed, but the stock is ignoring the challenges ahead in the company's earnings recovery following the nearly 100% rally since June 21. 4. Citi (C) downgraded to Market Perform from Outperform at BMO Capital with analyst James Fotheringham citing valuation and lack of catalysts. 5. Visteon (VC) downgraded to Neutral from Buy at UBS with analyst Colin Langan saying the risk/reward is more balanced with the shares up 60% over the last year. 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 FB;ULTA;HTZ;C;VC From the Last 2 Days
HTZ
Mar 26, 2024 | 13:26 EDT
Bullish option flow detected in Hertz Global Holdings with 5,354 calls trading, 3x expected, and implied vol increasing over 4 points to 63.40%. Jun-24 10 calls and Apr-24 7.5 calls are the most active options, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 0.06. Earnings are expected on April 25th.