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Fly News Breaks for April 19, 2017
FAST, KO, WRK, HPQ, GS
Apr 19, 2017 | 10:21 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Goldman Sachs (GS) upgraded to Neutral from Sell at Citi with analyst Keith Horowitz saying yesterday's post-earnings selloff took out the excess valuation premium. The analyst believes the risk/reward is now more balanced. He keeps a $225 price target for Goldman shares. 2. HP Inc. (HPQ) upgraded to Overweight from Equal Weight at Barclays with analyst Mark Moskowitz saying he expects earnings to return later this year amid improving PC trends and the end of the printing supplies glut. 3. WestRock (WRK) upgraded to Outperform from Sector Perform at RBC Capital and to Buy from Neutral at Goldman Sachs. 4. Coca-Cola (KO) upgraded to Outperform from Neutral at Credit Suisse with analyst Laurent Grandet saying with incoming CEO James Quincey taking over on May 1, and the refranchising nearly complete, Coca-Cola "has all the pieces in place to be successful again." The company has "significant balance sheet flexibility" to invest in the business and fill the gaps in the current portfolio, the analyst adds. 5. Fastenal (FAST) upgraded to Outperform from Neutral at Credit Suisse with analyst Andrew Buscaglia saying the selloff since the first quarter report has created a buying opportunity. The analyst views Fastenal as a best-in-class distributor with significant manufacturing exposure with very high operating leverage in an upcycle. Buscaglia said a recent private distributor survey indicates a majority of respondents expect price increases over the next three months and believe the company may be able to increase prices, which would surprise the Street. 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 GS;HPQ;WRK;KO;FAST From the Last 2 Days
GS
Apr 15, 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
GS
Apr 15, 2024 | 12:52 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
GS
Apr 15, 2024 | 08:53 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Snap... To see the rest of the story go to thefly.com. See Story Here
GS
Apr 15, 2024 | 07:34 EDT
Headcount reduction primarily reflects the impact of the sale of GreenSky Holdings, LLC.