Information Provided By:
Fly News Breaks for May 24, 2016
TYC, JCI, DE, MSFT, ADM, SQ
May 24, 2016 | 10:26 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Square (SQ) upgraded to Buy at BTIG by analyst Mark Palmer, who believes risk/reward is more favorable at current levels and valuation provides a cushion against the impact of IPO lockup expiration. Palmer views Square as an unwise short position as he believes it is a legitimate acquisition target and that a potential takeout could be at a healthy premium. 2. Archer Daniels (ADM) upgraded to Outperform at BMO Capital as the firm expects the company's fundamentals to bottom this quarter before "vastly improving" in the second half of the year. BMO predicts that changes to the company's portfolio should make its growth more stable. 3. Microsoft (MSFT) upgraded to Outperform at Cowen by analyst Gregg Moskowitz, who said that the fact that total consumer and commercial Office revenue each grew year-over-year on reported basis in the company's third quarter is a "critical" and overlooked turning point in the company's transition of Office to a subscription model. 4. Deere (DE) upgraded to Outperform at BMO Capital with analyst Joel Tiss saying Deere has underperformed since 2011 and views shares as under-owned and an attractive long-term investment. Tiss added that Deere has lowered costs, output, and inventory, positioned the company for higher returns when crop prices finally rebound and volumes improve. 5. Johnson Controls (JCI) upgraded to Outperform at Credit Suisse by analyst Julian Mitchell, who said a number of concerns regarding the Tyco (TYC) merger are now reflected in Johnson's valuation, and almost not value is being assigned for deal synergies or the Adient spin-off. 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 SQ;ADM;MSFT;DE;JCI;TYC From the Last 2 Days
MSFT
Mar 27, 2024 | 15:57 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
SQ
Mar 27, 2024 | 06:23 EDT
KeyBanc raised the firm's price target on Block to $95 from $80 and keeps an Overweight rating on the shares after it surveyed 100-plus SMBs in March 2024 who indicated a deceleration in IT spend growth in 2024.The firm cites a healthy market share lead among respondents using POS software and "consideration for SQ as a CRM tool."
MSFT
Mar 26, 2024 | 13:49 EDT
Microsoft Gaming CEO Phil Spencer told Polygon in an interview during the annual Game Developers Conference that he doesn't just want Xbox games on other consoles, but also wants other game retailers, such as Itch.io and the Epic Games Store on Xbox platforms as well. "Consider our history as the Windows company," Spencer said. "Nobody would blink twice if I said, 'Hey, when you're using a PC, you get to decide the type of experience you have... There's real value in that." Reference Link
MSFT
Mar 26, 2024 | 12:26 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: While... To see the rest of the story go to thefly.com. See Story Here