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LOW

Lowe's

$71.67

1.58 (2.25%)

14:40
10/12/16
10/12
14:40
10/12/16
14:40

Lowe's draws bearish spread trading

Lowe's draws bearish spread trading. 3.1K Oct 38th 71 puts bought for $1.29, 3.1K Oct 28th 69.5 puts sold at 66c and 3.1K Oct 28th 69 puts sold at 54c. All three legs open and the new spread offers a max payout if shares slide back to $69.5 through the 10/28 expiration. Timing is interesting because it comes one day after an Oct 28th 120 - 125 put spread on Home Depot (HD) was bought to open 6K.

LOW Lowe's
$71.67

1.58 (2.25%)

09/19/16
BARD
09/19/16
NO CHANGE
Target $88
BARD
Outperform
Lowe's risk/reward remains attractive, says Baird
Baird analyst Peter Benedict said the recent pullback in Lowe's shares is an attractive buying opportunity. The analyst cited macro drivers, consistency around key operating initiatives, and a durable financial model capable of delivering high-teens earnings growth over the next few years. Benedict reiterated his Outperform rating and $88 price target on Lowe's shares.
10/06/16
CLVD
10/06/16
DOWNGRADE
CLVD
Neutral
Lowe's downgraded to Neutral from Buy at Cleveland Research
10/06/16
10/06/16
DOWNGRADE

Neutral
Lowe's downgraded on end market demand, execution at Cleveland Research
As previously reported, Cleveland Research downgraded Lowe's to Neutral from Buy. Analyst led by Eric Bosshard's work suggest a moderation in demand in the building product categories generally and in homecenter categories over the last 4-5 months. He sees Lowe's struggling to sustain the upside execution needed to post growth ahead of Street expectations and has concerns with diversification efforts and would prefer the company focus on improving execution in its core US business.
10/06/16
10/06/16
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. Tesla (TSLA) downgraded to Neutral from Buy at Goldman with analyst David Tamberrino saying he sees incremental risk to Tesla's business related to management's willingness to deploy capital for M&A, and he believes that any delay in the company's new Model 3 launch will be detrimental to shares. 2. JPMorgan (JPM) downgraded to Hold from Buy at Sandler O'Neill with analyst Jeffery Harte citing relative share outperformance. 3. Abercrombie & Fitch (ANF) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jessica Schmidt saying the elevated promotions add to other headwinds, including the fact that the teen space is "overstored" and faces soft consumer demand and weak tourism. 4. American Express (AXP) downgraded to Reduce from Neutral at Nomura with analyst Bill Carcache saying the combination of weaker than expected revenues and higher than expected expenses will weigh on the shares. 5. Lowe's (LOW) downgraded to Neutral from Buy at Cleveland 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%)

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Orbotech sees FY18 revenue up 12%-14% »

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ORBK

Orbotech

$51.47

0.38 (0.74%)

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AMRN

Amarin

$4.11

-0.14 (-3.29%)

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NUVA

NuVasive

$51.99

-1.34 (-2.51%)

06:03
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NuVasive rating change  »

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GE

General Electric

$18.21

-0.55 (-2.93%)

06:03
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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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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
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Earnings
Orbotech reports preliminary Q4 revenue of about $256M, consensus $250.16M »

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TWTR

Twitter

$24.66

-0.75 (-2.95%)

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

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  • 17

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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
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Downgrade
Silgan Holdings, Crown Holdings, Berry Global, Ball Corp. rating change  »

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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%)

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  • 31

    Jan

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    Feb

ABB

ABB

$28.07

-0.02 (-0.07%)

05:55
01/17/18
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ABB rating change  »

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  • 22

    Jan

IFF

International Flavors

$152.54

-1.16 (-0.75%)

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

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ADNT

Adient

$81.91

-0.51 (-0.62%)

05:54
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01/17
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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  »

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PPG

PPG

$116.64

-1.53 (-1.29%)

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

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  • 18

    Jan

NBR

Nabors Industries

$8.23

0.04 (0.49%)

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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  • 24

    Jan

QTS

QTS Realty Trust

$52.47

0.82 (1.59%)

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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
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SHLX

Shell Midstream

$30.74

0.21 (0.69%)

05:50
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  • 22

    Jan

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ENR

Energizer

$59.11

7.49 (14.51%)

05:47
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01/17
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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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  • 22

    Jan

CELG

Celgene

$104.82

-1.18 (-1.11%)

, JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

05:45
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Recommendations
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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

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    Mar

DF

Dean Foods

$11.28

0.01 (0.09%)

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
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05:44
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Apple rating change  »

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  • 01

    Feb

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