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CE

Celanese

$66.60

0.74 (1.12%)

16:09
10/06/16
10/06
16:09
10/06/16
16:09

Celanese initiated with an Overweight at KeyBanc

  • 18

    Oct

CE Celanese
$66.60

0.74 (1.12%)

07/01/16
07/01/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX) initiated with a Buy at Canaccord, with analyst Michael Graham noting the stock's 30% decline since last December. Graham sees a long runway for international subscriber growth and believes it will be a key metric through next year at least. 2. GameStop (GME) initiated with an Outperform at Macquarie, with analyst Ben Schachter saying he believes the shift to digital will be somewhat gradual, and GameStop's experienced management team will be able to generate significant cash from its existing business, even as the model evolves into a more diversified multi-channel/multi-category retailer. 3. Concert Pharmaceuticals (CNCE) initiated with a Buy at Stifel, with analyst Adam Walsh saying his bullish thesis centers on two key pipeline assets: AVP-786 in P3 trials for Alzheimer's agitation; and CTP-543, in P1 studies for alopecia areata. Both drugs have blockbuster potential in his view, targeting unmet medical needs with no approved treatments. 4. Aldeyra (ALDX) initiated with a Buy at Stifel, with analyst Adam Walsh saying its novel aldehyde trap platform has broad applicability in inflammatory diseases and holds promise for treating rare genetic disorders of aldehyde metabolism. 5. Celanese (CE) initiated with a Positive at Susquehanna, reflecting the stock's current risk/reward. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/07/16
SBSH
09/07/16
DOWNGRADE
Target $71
SBSH
Neutral
Celanese downgraded to Neutral from Buy at Citi
Citi analyst P.J. Juvekar downgraded Celanese to Neutral saying he sees earnings growth risks from a secular decline in the "once dependable" filter tow business, which is used in cigarette filters. The analyst cut his price target for the shares to $71 from $77 and notes his 2017 earnings estimates are now below consensus.
09/07/16
SBSH
09/07/16
DOWNGRADE
Target $73
SBSH
Neutral
Eastman Chemical downgraded to Neutral from Buy at Citi
Citi analyst P.J. Juvekar downgraded Eastman Chemical (EMN) to Neutral saying he sees earnings growth risks from a secular decline in the "once dependable" filter tow business, which is used in cigarette filters. The analyst cut his price target for the shares to $73 from $74 and notes his 2017 earnings estimates are now below consensus. Juvekar this morning also downgraded Celanese (CE) to Neutral citing a similar rationale.
09/07/16
09/07/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Discover (DFS) downgraded to Equal Weight from Overweight at Barclays with analyst Mark DeVries downgrading the stock after lowering his rating on the U.S. Consumer Finance sector to Neutral from Positive. 2. Eastman Chemical (EMN) and Celanese (CE) were downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying he sees earnings growth risks from a secular decline in the "once dependable" filter tow business, which is used in cigarette filters. 3. Royal Caribbean (RCL) downgraded to Hold from Buy at Argus with analyst John Staszak citing the company's outlook for higher fuel costs and foreign exchange headwinds. 4. Accuride (ACW) downgraded to Hold from Buy at Gabelli. 5. Dollar General (DG) downgraded to Underperform from Peer Perform at Wolfe Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ORBK

Orbotech

$51.47

0.38 (0.74%)

06:04
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Earnings
Breaking Earnings news story on Orbotech »

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AMRN

Amarin

$4.11

-0.14 (-3.29%)

06:03
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Amarin initiates clinical development of Vascepa in China »

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NUVA

NuVasive

$51.99

-1.34 (-2.51%)

06:03
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Downgrade
NuVasive rating change  »

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GE

General Electric

$18.21

-0.55 (-2.93%)

06:03
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Hot Stocks
GE: Peter Stracar to succeed Mark Hutchinson as President and CEO of GE Europe »

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  • 24

    Jan

KL

Kirkland Lake Gold

$16.74

0.62 (3.85%)

06:03
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Hot Stocks
Kirkland Lake Gold sees FY18 production growth to over 620,000 ounces »

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ORBK

Orbotech

$51.47

0.38 (0.74%)

06:02
01/17/18
01/17
06:02
01/17/18
06:02
Earnings
Orbotech reports preliminary Q4 revenue of about $256M, consensus $250.16M »

Gross margin is expected…

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TWTR

Twitter

$24.66

-0.75 (-2.95%)

06:01
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01/17
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06:01
Periodicals
Twitter sued by TWiT for breach of contract, infringement, TechCrunch reports »

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  • 17

    Jan

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    Jan

  • 07

    Feb

  • 08

    Feb

SLGN

Silgan Holdings

$29.29

-0.23 (-0.78%)

, CCK

Crown Holdings

$57.79

-0.31 (-0.53%)

05:58
01/17/18
01/17
05:58
01/17/18
05:58
Downgrade
Silgan Holdings, Crown Holdings, Berry Global, Ball Corp. rating change  »

Silgan Holdings…

SLGN

Silgan Holdings

$29.29

-0.23 (-0.78%)

CCK

Crown Holdings

$57.79

-0.31 (-0.53%)

BERY

Berry Global

$59.13

-1.1 (-1.83%)

BLL

Ball Corp.

$38.39

0.49 (1.29%)

03/08/13
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  • 31

    Jan

  • 07

    Feb

  • 08

    Feb

ABB

ABB

$28.07

-0.02 (-0.07%)

05:55
01/17/18
01/17
05:55
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05:55
Downgrade
ABB rating change  »

ABB downgraded to Neutral…

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  • 22

    Jan

IFF

International Flavors

$152.54

-1.16 (-0.75%)

05:54
01/17/18
01/17
05:54
01/17/18
05:54
Upgrade
International Flavors rating change  »

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ADNT

Adient

$81.91

-0.51 (-0.62%)

05:54
01/17/18
01/17
05:54
01/17/18
05:54
Downgrade
Adient rating change  »

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  • 29

    Jan

AEP

American Electric

$67.50

0.04 (0.06%)

05:53
01/17/18
01/17
05:53
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05:53
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American Electric rating change  »

American Electric…

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PPG

PPG

$116.64

-1.53 (-1.29%)

05:53
01/17/18
01/17
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05:53
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PPG rating change  »

PPG downgraded to Neutral…

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  • 18

    Jan

NBR

Nabors Industries

$8.23

0.04 (0.49%)

05:52
01/17/18
01/17
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05:52
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Nabors Industries rating change  »

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  • 15

    May

ETH

Ethan Allen

$28.15

-0.5 (-1.75%)

05:52
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Ethan Allen rating change  »

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  • 24

    Jan

QTS

QTS Realty Trust

$52.47

0.82 (1.59%)

05:50
01/17/18
01/17
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05:50
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QTS Realty Trust rating change  »

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LQ

La Quinta

$18.44

-0.03 (-0.16%)

05:50
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La Quinta rating change  »

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ASND

Ascendis Pharma

$47.60

1.02 (2.19%)

05:50
01/17/18
01/17
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Recommendations
Ascendis Pharma analyst commentary  »

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SHLX

Shell Midstream

$30.74

0.21 (0.69%)

05:50
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01/17
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Shell Midstream rating change  »

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  • 22

    Jan

  • 22

    Jan

ENR

Energizer

$59.11

7.49 (14.51%)

05:47
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01/17
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05:47
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Energizer rating change  »

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  • 29

    Jan

  • 31

    Jan

ABB

ABB

$28.07

-0.02 (-0.07%)

05:46
01/17/18
01/17
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05:46
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ABB rating change  »

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  • 22

    Jan

CELG

Celgene

$104.82

-1.18 (-1.11%)

, JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

05:45
01/17/18
01/17
05:45
01/17/18
05:45
Recommendations
Celgene, Juno Therapeutics analyst commentary  »

Jefferies believes $8B…

CELG

Celgene

$104.82

-1.18 (-1.11%)

JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

03/08/13
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  • 18

    Jan

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    Jan

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    Jan

  • 16

    Feb

  • 25

    Mar

DF

Dean Foods

$11.28

0.01 (0.09%)

05:45
01/17/18
01/17
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05:45
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Dean Foods rating change  »

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AAPL

Apple

$176.19

-0.9 (-0.51%)

05:44
01/17/18
01/17
05:44
01/17/18
05:44
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Apple rating change  »

Apple downgraded to…

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  • 01

    Feb

RGC

Regal Entertainment

$22.90

-0.07 (-0.30%)

05:43
01/17/18
01/17
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05:43
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Regal Entertainment rating change  »

Regal Entertainment…

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