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Fly News Breaks for August 1, 2016
HMHC, DLTR, HOG, COH, GLNG
Aug 1, 2016 | 10:37 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Golar LNG (GLNG) upgraded to Buy from Neutral at BofA/Merrill with analyst Ken Hoexter saying he believes negative news of low LNG rates, delayed new terminals, and potential financing gap are reflected in shares. 2. Coach (COH) upgraded to Positive from Mixed at OTR Global following checks that indicate steady progress by store managers, more appealing offerings, new open-to-the-public Mother's Day sale at full-price Coach stores and tight wholesale distribution. 3. Harley-Davidson (HOG) upgraded to Outperform from Market Perform at BMO Capital with analyst Gerrick Johnson saying the stock provides a good contrarian trading opportunity, given the highly negative sentiment towards it. Over the longer term, the analyst thinks that the company's accelerated development of new products will beat fruit. 4. Dollar Tree upgraded to Buy from Hold at Deutsche Bank with analyst Paul Trussell saying the Family Dollar acquisition will provide "more upside opportunities." 5. Houghton Mifflin (HMHC) upgraded to Buy from Neutral at Goldman with analyst Andre Benjamin saying the shares can rally on both positive estimate revisions and multiple expansion after underperforming year-to-date. 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 GLNG;COH;HOG;DLTR;HMHC From the Last 2 Days
DLTR
May 1, 2024 | 16:35 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
DLTR
May 1, 2024 | 12:02 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
DLTR
May 1, 2024 | 04:24 EDT
KeyBanc upgraded Dollar Tree to Overweight from Sector Weight with a $150 price target. The analyst expects the company's fundamentals to accelerate into the second half of 2024. Meanwhile, Family Dollar "is at a critical fork in the road," with a turnaround or divestiture necessary over the next few years, the analyst tells investors in a research note. The firm sees the rationalization of stores in the sector benefiting Dollar Tree's comps and profitability, and headwinds from Inflation, shrink, and the Supplemental Nutrition Assistance Program moderating.
DLTR
Apr 29, 2024 | 14:56 EDT
Oppenheimer analyst Rupesh Parikh notes that over the weekend, a Dollar Tree DC in Marietta, OK was heavily damaged by a tornado. Overall, the firm expects a material but largely transitory impact on FY24 results, but more limited headwinds in FY25. Near-term impacts include potential lost sales and higher transportation costs. In an already complex turnaround, Oppenheimer believes this unfortunate event adds increased uncertainty to existing market skepticism on management's ability to deliver on longer-term objectives. The firm has a Perform rating on the shares.
HOG
Apr 29, 2024 | 08:16 EDT
Argus analyst Jim Corridore keeps a Buy rating and $40 price target on Harley-Davidson after its Q1 earnings beat. Revenue fell 3% to $1.7B reflecting by a 7% revenue drop at Harley-Davidson Motor Company segment and Harley-Davidson Financial Services revenue growth of 12%, while its Motorcycle shipments fell 7% due to dealer inventory management, but the demand environment is starting to improve somewhat, and the firm sees further improvement moving through 2024, the analyst tells investors in a research note. Argus is also raising its 2024 EPS estimate to $4.47 from $4.40 and its 2025 EPS estimate to $5.00 from $4.65.