Fly News Breaks for October 9, 2015
KMX, ZBH, VRX, RIG, SCMP, RDC, PVTB, PUB, PE, OCAT, NE, NFLX, JAZZ, JBL, JBHT, INFN, HUBG, HOS, HZNP, FLEX, FMBI, EXPD, ESV, ENDP, EW, DFT, APPS, DO, CIEN, CVU, AN, ATRA, AGN, FOXA
Oct 9, 2015 | 10:31 EDT
Today's noteworthy initiations include: 21st Century Fox (FOXA) initiated with an Overweight at Pacific... Allergan (AGN) initiated with a Buy at Mizuho... Atara Biotherapeutics (ATRA) initiated with an Outperform at William Blair... AutoNation (AN) initiated with a Neutral at Northcoast... CPI Aerostructures (CVU) initiated with a Buy at Canaccord... Ciena (CIEN) initiated with an Equal Weight at Morgan Stanley... Diamond Offshore (DO) initiated with a Sector Weight at KeyBanc... Digital Turbine (APPS) initiated with a Buy at B. Riley... DuPont Fabros (DFT) initiated with a Buy at Janney Capital... Edwards Lifesciences (EW) initiated with an Outperform at Cowen... Endo (ENDP) initiated with a Buy at Mizuho... Ensco (ESV) initiated with a Sector Weight at KeyBanc... Expeditors (EXPD) initiated with a Neutral at UBS... First Midwest (FMBI) initiated with an Overweight at Stephens... Flex (FLEX) initiated with a Buy at B. Riley... Horizon Pharma (HZNP) initiated with a Buy at Mizuho... Hornbeck Offshore (HOS) initiated with a Sector Weight at KeyBanc... Hub Group (HUBG) initiated with a Buy at UBS... Infinera (INFN) initiated with an Equal Weight at Morgan Stanley... J.B. Hunt (JBHT) initiated with a Neutral at UBS... Jabil Circuit (JBL) initiated with a Buy at B. Riley... Jazz Pharmaceuticals (JAZZ) initiated with a Buy at Mizuho... Netflix (NFLX) initiated with a Market Perform at BMO Capital... Noble Corp. (NE) initiated with a Sector Weight at KeyBanc... Ocata Therapeutics (OCAT) initiated with a Buy at Cantor... Parsley Energy (PE) initiated with an Outperform at Iberia... People's Utah Bancorp (PUB) initiated with a Buy at Sandler O'Neill... PrivateBancorp (PVTB) initiated with an Equal Weight at Stephens... Rowan Companies (RDC) initiated with a Sector Weight at KeyBanc... Sucampo (SCMP) initiated with a Neutral at Mizuho... Transocean (RIG) initiated with a Sector Weight at KeyBanc... Valeant (VRX) initiated with a Neutral at Mizuho... Zimmer Biomet (ZBH) initiated with an Outperform at Credit Suisse. This note corrects a prior version that erroneously said Knight Transportation (KNX) was initiated with a Buy at Northcoast. The firm initiated coverage of CarMax (KMX) this morning, not Knight Transportation.
News For FOXA;AGN;ATRA;AN;CVU;CIEN;DO;APPS;DFT;EW;ENDP;ESV;EXPD;FMBI;FLEX;HZNP;HOS;HUBG;INFN;JBHT;JBL;JAZZ;NFLX;NE;OCAT;PE;PUB;PVTB;RDC;SCMP;RIG;VRX;ZBH;KMX From the Last 2 Days
KMX
Mar 18, 2024 | 16:19 EDT
Mizuho analyst David Bellinger initiated coverage of CarMax with a Neutral rating and $80 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.
NFLX
Mar 18, 2024 | 06:12 EDT
Netflix is rethinking a core tenet of its vaunted culture, that of "freedom and responsibility," trusting employees to use discretion on everything from sharing internal documents to taking vacation, Jessica Toonkel of The Wall Street Journal reports. The company is discussing removing the "freedom and responsibility" section from the corporate-culture memo, people familiar with the situation told the Journal. Language encouraging employees to take ownership for their actions is being considered to be inserted in the section instead.
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