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Fly News Breaks for February 24, 2017
JACK, GT, RIG, W, HPE
Feb 24, 2017 | 10:31 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HP Enterprise (HPE) downgraded to Hold from Buy at Needham and to Market Perform from Outperform at BMO Capital. 2. Wayfair (W) downgraded to Market Perform from Outperform at Raymond James with analyst Aaron Kessler saying Wayfair guided first quarter direct revenue growth below consensus and sees continued EBITDA losses near-term given continued investments in international, new businesses, categories,and logistics, and views shares are fairly valued at current levels. 3. Transocean (RIG) downgraded to Sell from Hold at Pareto. 4. Goodyear Tire (GT) downgraded to Hold from Buy at Jefferies with analyst Ashik Kurian citing valuation with the shares up 17% year-to-date and limited near-term catalysts. The analyst raised his price target for the stock to $38. 5. Jack in the Box (JACK) downgraded to Market Perform from Outperform at Cowen with analyst Andrew Charles saying he does not expect upside to 2017 guidance for Jack comps of approximately 2% and Qdoba comps of flat, given it implies a recovery in the back half of 2017 and is exacerbated by a challenging industry backdrop. Additionally, Charles believes significant G&A savings and share repurchases are reflected, making it difficult to drive material earnings upside. 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 HPE;W;RIG;GT;JACK From the Last 2 Days
W
Mar 27, 2024 | 17:19 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSRH... To see the rest of the story go to thefly.com. See Story Here