Information Provided By:
Fly News Breaks for November 15, 2016
CAKE, HOG, EOG, CVX, AAP, FTNT
Nov 15, 2016 | 10:12 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Fortinet (FTNT) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Melissa Gorham saying she is more constructive on Fortinet heading into fiscal 2017 given the stable demand environment, free cash flow generation, easier comps, and more durable renewals. 2. Advance Auto Parts (AAP) upgraded to Strong Buy from Outperform at Raymond James and to Positive from Neutral at Susquehanna following the company's quarterly report. 3. Chevron (CVX) upgraded to Buy from Outperform at CLSA while the firm also upgraded EOG Resources (EOG) to Outperform from Underperform. 4. Harley-Davidson (HOG) upgraded to Sector Perform from Underperform at RBC Capital with analyst Joseph Spak saying that risks to the company's growth have dissipated, partly due to the potential of President-elect Trump's policies to spark increased consumer spending. 5. Cheesecake Factory (CAKE) upgraded to Buy from Hold at Argus with analyst John Staszak saying investors should be attracted to Cheesecake by its dividend hikes, share repurchases, and ability to open new stores while generating consistent comparable sales growth. 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 FTNT;AAP;CVX;EOG;HOG;CAKE From the Last 2 Days
CVX
Mar 19, 2024 | 06:22 EDT
Exxon Mobil (XOM) CEO Darren Woods said the tense dispute with Chevron (CVX) over a Guyana oilfield will not damage the relationship between the two companies, Myles McCormick and Jamie Smyth of The Financial Times says. Exxon has begun an arbitration process against Chevron over its $53B deal for Hess (HES), arguing it has a right of refusal over Hess' stake in Stabroek Block off the coast of Guyana. The standoff between the two companies threatens to complicate their joint ventures. Reference Link
EOG
Mar 18, 2024 | 10:09 EDT
Citi raised the firm's price target on EOG Resources to $124 from $120 and keeps a Neutral rating on the shares. The analyst continues to see an incremental trend in well productivity improvements on the natural gas side, with the Haynesville leading the way. The analyst updated models in the U.S. oil and gas exploration and production group following a post-earnings analysis.