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Fly News Breaks for April 10, 2019
JWN, KBH, UAA, UA, DIS, FSLR
Apr 10, 2019 | 10:13 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. First Solar (FSLR) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Brian Lee citing his view on two potential company-specific catalysts. 2. Disney (DIS) upgraded to Outperform from Market Perform at BMO Capital with analyst Daniel Salmon saying with tomorrow's investor day, two Star Wars-themed lands opening in the domestic parks this summer, the launch of streaming service Disney+ before year-end, and a potential re-start of the buyback program within 12 months, Disney shares now have catalysts to go along with downside protection. 3. Under Armour (UA, UAA) assumed with a Buy from Neutral at Citi with analyst Paul Lejuez saying Under Armour is "growing up" with a renewed focus on driving profitability and return on invested capital. 4. KB Home (KBH) upgraded to Neutral from Underweight at JPMorgan with analyst Michael Rehaut saying the ongoing shift towards smaller-sized first-time product and double-digit community count growth should drive "above average fundamentals" in fiscal 2019 for KB Home. 5. Nordstrom (JWN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying recent meetings with co-CEO Erik Nordstrom and CFO Anne Bramman affirm that the company is prepared to transition its asset base as e-commerce continues to grow. 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 FSLR;DIS;UA;UAA;KBH;JWN From the Last 2 Days
DIS
Mar 28, 2024 | 16:23 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
DIS
Mar 28, 2024 | 15:22 EDT
What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 25-28. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here
DIS
Mar 28, 2024 | 12:00 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
KBH
Mar 28, 2024 | 09:33 EDT
Keefe Bruyette raised the firm's price target on KB Home to $74 from $67 and keeps a Market Perform rating on the shares. The analyst increased estimates modestly post the company's Q1 results. While KB looks relatively attractive at 1.2-times forward book value, near mid-cap peers, Keefe has a preference for larger cap builders, the analyst tells investors in a research note.
DIS
Mar 27, 2024 | 16:24 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
DIS
Mar 27, 2024 | 12:00 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
DIS
Mar 27, 2024 | 11:36 EDT
NetEase (NTES) unveiled a new team-based shooter "Marvel Rivals," a multiplayer game based on Marvel Comics' (DIS) superhero characters. The game is being developed for PC, with an alpha test for the game set to launch in May 2024. Reference Link
DIS
Mar 27, 2024 | 08:09 EDT
The Trian Group, which beneficially owns over $3.5 billion of common stock in The Walt Disney Company, announced that Egan-Jones is the second independent proxy advisory firm, along with Institutional Shareholder Services, to recommend that shareholders vote for change in the composition of the Disney board. Specifically, Egan-Jones recommends that Disney shareholders vote "FOR" both of Trian's nominees, Nelson Peltz and Jay Rasulo, and "WITHHOLD" on Maria Elena Lagomasino and Michael B.G. Froman in connection with Disney's annual meeting on April 3, 2024. Last week, ISS recommended that shareholders vote "FOR" Mr. Peltz and "WITHHOLD" on Ms. Lagomasino. Egan-Jones concluded: "We see very little downside and a lot of upsides in putting the Trian Nominees on the Board." Among the reasons Egan-Jones cited for the need for change at Disney were: "The apparent lack of a ... long-term succession plan." "A Board that appears cutoff and unwilling to engage with investors and the broader market." "A business model, we believe to be built for the last decade, but not forward looking and flexible enough to ensure success in the next." "A desire to protect the status quo for as long as possible and at all costs." "Mediocre financial performance and the resultant lower valuation." Similarly, ISS concluded that "incremental change is needed at the company due to multi-year underperformance the company's peers and chosen benchmark, operational challenges, and most critically, a repeated failure on the part of the board to oversee the cultivation of a successor..." In supporting the election of Mr. Peltz and the withholding of support for Ms. Lagomasino, ISS wrote that: Nelson Peltz is "well positioned to provide the catalyst that this board apparently needs to improve its effectiveness."