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ANGI

Angi Homeservices

$9.57

-0.18 (-1.85%)

, IAC

IAC

$62.12

-0.84 (-1.33%)

10:43
10/07/16
10/07
10:43
10/07/16
10:43

Angie's List board changes may signal a change in M&A stance, say Wells Fargo

Wells Fargo said Angie's List (ANGI) announcement this morning that Chairman of the Board John Chuang and director Steven Kapner have resigned from the board could be viewed as a signal that Angie's could reconsider IAC's (IAC) offer. However, over the last several months IAC has declared repeatedly that they no longer interested in acquiring Angie's. That said, Wells Fargo continues to believe that Angie's List possesses significant strengths, including very high and category leading unaided consumer brand awareness. The firm has a Market Perform rating on Angie List shares.

ANGI

Angi Homeservices

$9.57

-0.18 (-1.85%)

IAC

IAC

$62.12

-0.84 (-1.33%)

ANGI Angi Homeservices
$9.57

-0.18 (-1.85%)

08/04/16
LOOP
08/04/16
INITIATION
Target $12
LOOP
Buy
Angie's List initiated with a Buy at Loop Capital
Loop Capital analyst Blake Harper initiated Angies's List with a Buy and $12 price target.
08/05/16
08/05/16
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. Yelp (YELP) initiated with a Hold at Loop Capital. 2. Angie's List (ANGI) initiated with a Buy at Loop Capital. 3. GrubHub (GRUB) initiated with a Buy at Loop Capital. 4. Symantec (SYMC) reinstated with an Equal Weight at Barclays. 5. La-Z-Boy (LZB) initiated with a Neutral at Longbow. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/19/16
RAJA
08/19/16
UPGRADE
Target $12
RAJA
Outperform
Angie's List upgraded to Outperform from Market Perform at Raymond James
Raymond James analyst Aaron Kessler upgraded Angie's List to Outperform and established a $12 price target. The analyst is encouraged by the early execution of AL 4.0 platform and growth of free subs, and believes increasing product differentiation for advertisers versus non-advertisers should drive increasing paid adoption and improved retention.
08/19/16
08/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Symantec (SYMC) upgraded to Buy from Neutral at Citi with analyst Walter Pritchard saying he is positive on financial accretion from the Blue Coat acquisition and views the revenue targets as conservative. 2. Restoration Hardware (RH) upgraded to Conviction Buy from Neutral at Goldman with analyst Matthew Fassler saying he believes the company operates "a potent franchise with low current expectations" that Fassler and team see starting to recover in the fourth quarter. 3. Angie's List (ANGI) upgraded to Outperform from Market Perform at Raymond James with analyst Aaron Kessler saying he is encouraged by the early execution of AL 4.0 platform and growth of free subs, and believes increasing product differentiation for advertisers versus non-advertisers should drive increasing paid adoption and improved retention. 4. Allergan (AGN) upgraded to Buy from Neutral at Mizuho with analyst Irina Koffer saying consensus estimates appear more reasonable following lowered guidance on the second quarter call and is more comfortable with revenue growth. 5. Hormel Foods (HRL) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he predicts that the company's earnings per share will rise in fiscal 2017, while its internal growth rate will increase to 5% in fiscal 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
IAC IAC
$62.12

-0.84 (-1.33%)

03/23/16
RHCO
03/23/16
INITIATION
Target $57
RHCO
Buy
IAC initiated with a Buy at SunTrust
Target $57.
05/05/16
STFL
05/05/16
DOWNGRADE
STFL
Hold
IAC downgraded to Hold from Buy at Stifel
Stifel downgraded IAC based on valuation and its belief that the outlook for the company's publishing and applications businesses is "poor." The firm says that the businesses will be hurt by the growth of the mobile Internet and a less favorable monetization deal with Google.
06/07/16
BMOC
06/07/16
INITIATION
Target $70
BMOC
Outperform
IAC initiated with an Outperform at BMO Capital
BMO Capital analyst Daniel Salmon initiated IAC (IAC) with an Outperform and $70 price target. The analyst is positive view is based on its 84.6% ownership in Match (MTCH), accounting for approximately $58 of its $70 price target, and on HomeAdvisor. Salmon expects revenue to grow at a low-double-digit rate and expect adj. EBITDA margins to expand from 5.1% in 2015 to 10.5% in 2017 as it leverages recent investment in the platform and marketing.
09/20/16
WELS
09/20/16
UPGRADE
WELS
Outperform
IAC upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Peter Stabler upgraded IAC (IAC) to Outperform saying the current share price does not adequately reflect the sum of the company's Match Group (MTCH) stake and its "collection of mature and emerging assets." The analyst also has increased confidence in HomeAdvisor's market position and potential to sustain current momentum. He raised his price target range for IAC shares to $75-$77 from $62-$64.

TODAY'S FREE FLY STORIES

MS

Morgan Stanley

$55.35

0.75 (1.37%)

, BK

BNY Mellon

$57.89

0.35 (0.61%)

20:25
01/17/18
01/17
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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MS

Morgan Stanley

$55.35

0.75 (1.37%)

BK

BNY Mellon

$57.89

0.35 (0.61%)

BBT

BB&T

$53.28

0.2 (0.38%)

PPG

PPG

$114.50

-2.14 (-1.83%)

MTB

M&T Bank

$179.21

1.43 (0.80%)

KEY

KeyCorp

$21.26

-0.06 (-0.28%)

JBHT

J.B. Hunt

$120.65

0.01 (0.01%)

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ARNA

Arena Pharmaceuticals

$34.36

0.48 (1.42%)

20:24
01/17/18
01/17
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Initiation
Arena Pharmaceuticals initiated at Credit Suisse »

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ROSE

Rosehill Resources

$7.96

0.01 (0.13%)

20:12
01/17/18
01/17
20:12
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20:12
Initiation
Rosehill Resources initiated at Northland »

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HES

Hess Corp.

$54.02

0.48 (0.90%)

20:10
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20:10
Initiation
Hess Corp. initiated at Macquarie »

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  • 05

    Feb

OXY

Occidental Petroleum

$75.86

0.59 (0.78%)

20:10
01/17/18
01/17
20:10
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20:10
Initiation
Occidental Petroleum initiated at Macquarie »

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  • 14

    Feb

JUNO

Juno Therapeutics

$69.25

23.65 (51.86%)

19:53
01/17/18
01/17
19:53
01/17/18
19:53
Downgrade
Juno Therapeutics rating change at Citi »

Juno Therapeutics…

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WP

Worldpay

$77.89

-0.37 (-0.47%)

19:52
01/17/18
01/17
19:52
01/17/18
19:52
Upgrade
Worldpay rating change at BMO Capital »

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FRAC

Keane Group

$18.51

0.63 (3.52%)

19:52
01/17/18
01/17
19:52
01/17/18
19:52
Syndicate
Keane Group 13.3M share Secondary priced at $18.25 »

The deal size was…

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  • 18

    Jan

INTC

Intel

$44.39

1.25 (2.90%)

19:24
01/17/18
01/17
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19:24
Hot Stocks
Intel says issued firmware updates for 90% of CPUs in past vie years »

Intel said it has made…

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  • 17

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    Jan

TOSBF

Toshiba, also use TOSYY

, TOSYY

Toshiba, also use TOSBF

$16.95

-0.01 (-0.06%)

19:11
01/17/18
01/17
19:11
01/17/18
19:11
Periodicals
Toshiba's Westinghouse to forgo bankruptcy, Reuters reports »

Westinghouse Electric…

TOSBF

Toshiba, also use TOSYY

TOSYY

Toshiba, also use TOSBF

$16.95

-0.01 (-0.06%)

BAM

Brookfield

$43.10

0.42 (0.98%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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RDS.A

Royal Dutch Shell

$70.20

0.22 (0.31%)

, RDS.B

Royal Dutch Shell

$72.34

0.35 (0.49%)

19:02
01/17/18
01/17
19:02
01/17/18
19:02
Periodicals
Shell, BP each agree to purchase Libyan oil, Bloomberg reports »

Royal Dutch Shell (RDS.A)…

RDS.A

Royal Dutch Shell

$70.20

0.22 (0.31%)

RDS.B

Royal Dutch Shell

$72.34

0.35 (0.49%)

BP

BP

$42.88

0.42 (0.99%)

03/08/13
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  • 18

    Jan

AAPL

Apple

$179.10

2.91 (1.65%)

18:31
01/17/18
01/17
18:31
01/17/18
18:31
Hot Stocks
Trump says Apple investments 'huge win for American workers' »

President Donald Trump…

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  • 01

    Feb

MPVD

Mountain Province Diamonds

$2.83

0.075 (2.73%)

18:22
01/17/18
01/17
18:22
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Hot Stocks
Mountain Province Diamonds provides update on Gahcho Kue Mine exploration »

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WAC

Walter Investment

$0.76

0.0347 (4.81%)

18:17
01/17/18
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Hot Stocks
Walter Investment prepackaged Chapter 11 plan approved by court »

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TM

Toyota

$140.72

2.75 (1.99%)

, KBSTY

Kobe Steel

18:10
01/17/18
01/17
18:10
01/17/18
18:10
Periodicals
Toyota not affected by Kobe Steel false data scandal, Nikkei reports »

Toyota (TM) said there…

TM

Toyota

$140.72

2.75 (1.99%)

KBSTY

Kobe Steel

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CBOE

Cboe Global Markets

$131.52

0.73 (0.56%)

, BTC

Bitcoin

17:47
01/17/18
01/17
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01/17/18
17:47
Hot Stocks
Cboe conducts first settlement of Cboe bitcoin futures »

Cboe Global Markets…

CBOE

Cboe Global Markets

$131.52

0.73 (0.56%)

BTC

Bitcoin

BITCOIN

Bitcoin

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  • 09

    Feb

GWRE

Guidewire

$75.64

0.19 (0.25%)

17:46
01/17/18
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17:46
Hot Stocks
Guidewire director sells 6,000 common shares »

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AAPL

Apple

$179.10

2.91 (1.65%)

17:40
01/17/18
01/17
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17:40
Recommendations
Apple analyst commentary at Piper Jaffray »

Apple cash repatriation…

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  • 01

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OBE

Obsidian Energy

$1.21

-0.03 (-2.42%)

17:36
01/17/18
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Breaking Hot Stocks news story on Obsidian Energy »

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SN

Sanchez Energy

$5.81

0.16 (2.83%)

17:33
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Hot Stocks
Breaking Hot Stocks news story on Sanchez Energy »

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  • 15

    May

NTDOY

Nintendo

$51.53

1.55 (3.10%)

17:32
01/17/18
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Hot Stocks
Nintendo announces Nintendo Labo accessories for Switch consoles »

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  • 17

    Jan

PTC

PTC

$66.70

1.41 (2.16%)

, ESIO

Electro Scientific

$22.01

1.91 (9.50%)

17:28
01/17/18
01/17
17:28
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17:28
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: PTC…

PTC

PTC

$66.70

1.41 (2.16%)

ESIO

Electro Scientific

$22.01

1.91 (9.50%)

NEOT

Neothetics

$1.92

0.0793 (4.31%)

PLXS

Plexus

$64.36

0.59 (0.93%)

AA

Alcoa

$56.99

0.75 (1.33%)

SLM

Sallie Mae

$11.49

0.02 (0.17%)

ARWR

Arrowhead

$5.72

0.12 (2.14%)

PRTK

Paratek Pharmaceuticals

$17.68

-0.075 (-0.42%)

IIPR

Innovative Industrial Properties

$31.30

-2.49 (-7.37%)

ECC

Eagle Point Credit

$19.13

-0.39 (-2.00%)

AGIO

Agios Pharmaceuticals

$70.33

1.53 (2.22%)

03/08/13
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  • 17

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    Feb

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    Feb

  • 18

    Jan

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    Jan

  • 18

    Jan

  • 18

    Jan

  • 19

    Jan

BTU

Peabody Energy

$40.00

0.42 (1.06%)

17:17
01/17/18
01/17
17:17
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17:17
Hot Stocks
Breaking Hot Stocks news story on Peabody Energy »

Discovery Capital reduces…

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  • 07

    Feb

MLNX

Mellanox

$64.30

-0.45 (-0.69%)

17:12
01/17/18
01/17
17:12
01/17/18
17:12
Hot Stocks
Starboard to nominate nine directors for election at Mellanox »

Starboard Value, the…

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  • 18

    Jan

APHB

AmpliPhi

$1.12

0.03 (2.75%)

17:11
01/17/18
01/17
17:11
01/17/18
17:11
Syndicate
AmpliPhi requests withdrawal of registration statement »

AmpliPhi confirms that no…

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