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Fly News Breaks for January 6, 2017
IT, SHAK, SYK, GPRO, MCD
Jan 6, 2017 | 10:14 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. McDonald's (MCD) downgraded to Neutral from Buy at UBS with analyst Dennis Geiger saying the shares at current levels largely reflect improved fundamentals and refranchising benefits. 2. GoPro (GPRO) downgraded to Underperform from Neutral at Longbow with analyst Joe Wittine saying he predicts "another" fourth quarter camera sales miss as "a near-certainty." 3. Stryker (SYK) downgraded to Hold from Buy at Edward Jones and to Underperform from Hold at Needham. 4. Shake Shack (SHAK) downgraded to Neutral from Buy at Buckingham saying current valuation reflects "near-flawless execution." 5. Gartner (IT) downgraded to Neutral from Outperform at Macquarie with analyst Hamzah Mazari citing the CEB deal announcement given a lack of near-term catalysts and visibility surrounding revenue synergy execution. 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 MCD;GPRO;SYK;SHAK;IT From the Last 2 Days
MCD
Mar 27, 2024 | 06:19 EDT
Citi analyst Jon Tower raised the firm's price target on Krispy Kreme (DNUT) to $19 from $14 and keeps a Neutral rating on the shares. The company's "long-awaited" McDonald's (MCD) partnership came in better than expected, with Krispy Kreme set to see its products sold at most U.S. locations by 2027 versus earlier discussions of a couple thousand stores, the analyst tells investors in a research note. The firm estimates this partnership alone could add $400M in revenue and $85M in EBITDA after full rollout. While execution risk remains, the news is "clearly a positive" for Krispy Kreme and investors, providing greater sales visibility for a brand that's been struggling with GLP-1 headlines and softer spend from lower-income consumers, says Citi.
MCD
Mar 26, 2024 | 16:25 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
MCD
Mar 26, 2024 | 12:08 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
MCD
Mar 26, 2024 | 08:57 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Krispy... To see the rest of the story go to thefly.com. See Story Here