Information Provided By:
Fly News Breaks for April 19, 2016
PNRA, LII, DVN, BLK, MDVN
Apr 19, 2016 | 10:22 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Medivation (MDVN) upgraded to Buy at Canaccord by analyst John Newman who cited increased confidence in the Xtandi breast cancer program as well as "encouraging data" for talazoparib in ovarian cancer. Newman added that the latter is wholly owned by Medivation, meaning 100% of profits will flow through to the company. 2. BlackRock (BLK) upgraded to Buy at Citi with analyst William Katz saying that he views the company as an "increasingly differentiated winner" following the Department of Labor fiduciary rule. The analyst sees a "significant runway" of growth for BlackRock's iShares and highlights its opportunity to commercialize FutureAdvisor. 3. Devon Energy (DVN) upgraded to Overweight at Morgan Stanley by analyst Evan Callo, who said the recent stabilization in oil price increases the likelihood Devon will be successful with asset sales and places focus on E&P future upside to medium-term commodity price recovery and operating leverage. 4. Lennox (LII) upgraded to Buy at Seaport Global with analyst Walt Liptak saying Q1 commercial HVAC and residential HVAC trends were better-than-expected and suggest 2016 is tracking better than expected. 5. Panera Bread (PNRA) upgraded to Buy at Jefferies by analyst Alexander Slagle saying the market is underestimating the company's earnings power over the next few years. KeyBanc analyst Chris O'Cull added that the company's investments over the past few years will drive earnings growth for the first time in two years and push results above Street expectations. 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 MDVN;BLK;DVN;LII;PNRA From the Last 2 Days
DVN
Mar 18, 2024 | 07:25 EDT
Citi analyst Scott Gruber raised the firm's price target on Devon Energy to $55 from $52 and keeps a Buy 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.