Information Provided By:
Fly News Breaks for June 20, 2017
CAKE, BYD, PAYX, ADP, CMCSA, PHG
Jun 20, 2017 | 10:36 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Philips (PHG) downgraded to Hold from Buy at Deutsche Bank with analyst Gael de-Bray citing valuation with the stock up 52% over the past year. 2. Comcast (CMCSA) downgraded to Neutral from Buy at MoffettNathanson with analyst Craig Moffett saying stocks have had a multi-year bull run and air fairly valued. 3. ADP (ADP) was downgraded to Neutral from Conviction Buy and Paychex (PAYX) was downgraded to Neutral from Buy at Goldman Sachs. 4. Boyd Gaming (BYD) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Thomas Allen saying risk/reward is more balanced following the recent strength in shares. 5. Cheesecake Factory (CAKE) downgraded to Hold from Buy at Argus with analyst John Staszak citing the company's reduction in its second quarter same-store sales guidance from an increase of 0.5%-1.5% to a decline of 1%. 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 PHG;CMCSA;ADP;PAYX;BYD;CAKE From the Last 2 Days
BYD
Mar 28, 2024 | 15:56 EDT
Welcome to the latest edition of "Bet On It," where The Fly looks at news and activity in the sports betting and iGaming space.  SECTOR RECAP: Nevada reported... To see the rest of the story go to thefly.com. See Story Here
BYD
Mar 28, 2024 | 09:34 EDT
Nevada reports February Las Vegas Strip gaming win up 12.4% to $800.75M versus last year. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).
ADP
Mar 26, 2024 | 08:08 EDT
Evercore ISI raised the firm's price target on ADP to $235 from $227 and keeps an Underperform rating on the shares. February U.S. payment volume growth accelerated following a soft January, with commentary from Visa (V) pointing to quarter-to-date U.S. payment volume growth through February 21 in line with the Q4 rate of 5%, the analyst tells investors. Overall, calendar Q1 data points reflect a U.S. soft-landing scenario, supporting continued, stable payment volume growth, and creating a favorable set up for most of the payment companies the firm covers, the analyst added in a Q1 preview note for the payments, processors and IT services group.