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SPH

Suburban Propane

$31.94

0.24 (0.76%)

07:59
10/13/16
10/13
07:59
10/13/16
07:59

Suburban Propane upgraded on winter outlook, risk/reward at Stifel

As noted earlier, Stifel upgraded Suburban Propane to Buy from Hold. After analyzing historical data on propane volumes and heating degree days, along with the EIA forecast for the upcoming winter, analyst Brian Brungardt, Jr. is more certain that Suburban's propane volumes will modestly approve this winter. Additionally, the analyst believes that the stock's risk/reward ratio is "attractive." Target $36.

SPH Suburban Propane
$31.94

0.24 (0.76%)

06/10/16
06/10/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. Zoetis (ZTS) downgraded to Neutral from Buy at Citi by analyst Liav Abraham, who cited valuation, as she views the stock as fairly valued at current levels. The stock has significantly outperformed the specialty pharma group year-to-date, Abraham said, adding that she remains constructive on the company's fundamentals. The analyst increased her price target for shares to $50 from $46. 2. AbbVie (ABBV) downgraded to Market Perform from Outperform by BMO Capital, which cut its target on shares to $66 from $70. In the wake of events at ASCO, disclosures at AbbVie's R&D day, and statements from Eli Lilly (LLY) and Pfizer (PFE), the firm is more concerned about the longer term outlook for AbbVie's immunology franchise, especially Humira. 3. AmeriGas (APU) downgraded to Sell from Neutral at UBS by analyst Shneur Gershuni, who said the stock looks relatively expensive at current levels and that its yield is lower than competitors. The analyst, who kept a $39 price target on shares, also downgraded Ferrellgas Partners (FGP) to Sell and Suburban Propane (SPH) to Neutral. 4. J.M. Smucker (SJM) downgraded to Hold from Buy at Jefferies by analyst Akshay Jagdale, who raised his price target for shares to $143 from $140. The analyst views the stock's risk/reward as balanced at current levels amid rising commodity costs and the management transition. 5. Mattress Firm (MFRM) downgraded to Market Perform from Outperform at Raymond James by analyst Budd Bugatch following the Q1 report and conference call. The analyst said the Sleepy's integration, a move to a new corporate headquarters, and merchandising push to more proprietary products have increased near-term earnings risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/20/16
JANY
07/20/16
DOWNGRADE
Target $30
JANY
Neutral
Suburban Propane downgraded to Neutral from Buy at Janney Capital
Janney Capital analyst Michael Gyure assumed coverage of Suburban Propane with a Neutral rating and $30 fair value estimate, down from the firm's prior Buy rating and $33 fair value estimate. Gyure believes Suburban's unique infrastructure assets generate the most significant earnings and cash flow during the winter season and rates the units as a Neutral as we enter the seasonally lower fiscal second half. If there is not a significantly colder winter than last year, he believes Suburban will have to sell non-core assets or significantly reduce its cost structure.
07/20/16
JANY
07/20/16
DOWNGRADE
JANY
Neutral
Suburban Propane downgraded to Neutral from Buy at Janney Capital
Janney Capital analyst Michael Gyure assumed coverage on Suburban Propane with a Neutral rating from a Buy rating and lowered its price target to $30 from $33. The analyst said the Street is potentially modeling in significant year-over-year volume and pricing recoveries in the propane business for fiscal 1H 2017 that may not be achievable if this year's winter season is not significantly colder than last years.
10/13/16
STFL
10/13/16
UPGRADE
STFL
Buy
Suburban Propane upgraded to Buy from Hold at Stifel

TODAY'S FREE FLY STORIES

ED

Consolidated Edison

$78.74

-0.535 (-0.67%)

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SFTBF

SoftBank

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-0.425 (-0.50%)

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FE

FirstEnergy

$29.73

-0.195 (-0.65%)

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  • 22

    Jan

COG

Cabot Oil & Gas

$27.76

-0.225 (-0.80%)

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IIIN

Insteel

$29.83

0.57 (1.95%)

14:27
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Downgrade
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  • 18

    Jan

URI

United Rentals

$181.44

1.27 (0.70%)

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United Rentals call volume above normal and directionally bullish »

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  • 25

    Jan

XLK

Technology Select Sector SPDR

$67.80

0.25 (0.37%)

, XLF

Financial Select Sector

$29.41

0.04 (0.14%)

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XLE

Energy Select Sector SPDR

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XLV

Health Care Select Sector SPDR

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SPDR S&P 500 ETF Trust

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SPX

S&P 500

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$NSD

NASDAQ Market Internals

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Technical Analysis
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$NYE

NYSE Market Internals

14:16
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Technical Analysis
NYSE market internals summary »

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ADT

ADT Inc.

, APO

Apollo Global

$35.12

-0.3 (-0.85%)

14:14
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Syndicate
ADT Inc. IPO likely to price below $17-$19 range, WSJ reports »

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ADT Inc.

APO

Apollo Global

$35.12

-0.3 (-0.85%)

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  • 01

    Feb

  • 19

    Jan

FB

Facebook

$177.60

-0.79 (-0.44%)

, AXP

American Express

$100.17

-0.59 (-0.59%)

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AXP

American Express

$100.17

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IBM

IBM

$169.03

0.38 (0.23%)

PG

Procter & Gamble

$90.28

-0.2304 (-0.25%)

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  • 18

    Jan

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    Jan

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    Jan

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    Feb

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    Feb

TTWO

Take-Two

$116.09

2.13 (1.87%)

14:05
01/18/18
01/18
14:05
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Options
TakeTwo Interactive Software call volume above normal and directionally bullish »

Bullish option flow…

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  • 07

    Dec

MGNX

MacroGenics

$19.85

0.07 (0.35%)

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  • 18

    Jan

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Conference/Events
House Homeland Security Committee to hold a hearing »

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QEP

QEP Resources

$10.93

-0.04 (-0.36%)

13:55
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Conference/Events
House Committee on Natural Resources to hold an oversight hearing »

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  • 18

    Jan

JAGX

Jaguar Health

$0.14

0.002 (1.43%)

13:53
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Conference/Events
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PTCT

PTC Therapeutics

$21.95

0.46 (2.14%)

13:51
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Periodicals
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MNTX

Manitex

$9.63

0.11 (1.16%)

13:48
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HMNY

Helios and Matheson

$7.73

-0.43 (-5.27%)

13:45
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Options
Helios and Matheson call volume above normal and directionally bullish »

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AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

13:41
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Periodicals
Amazon sends team to Israel to determine market conditions, Globes reports »

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  • 18

    Jan

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    Mar

DB

Deutsche Bank

$18.57

0.05 (0.27%)

13:33
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Periodicals
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  • 24

    Jan

FMC

FMC Corporation

$89.31

-4.55 (-4.85%)

, ALB

Albemarle

$117.89

-9.065 (-7.14%)

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FMC

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ALB

Albemarle

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-9.065 (-7.14%)

SQM

SQM

$58.29

-1.26 (-2.12%)

TSLA

Tesla

$347.16

7.1 (2.09%)

F

Ford

$12.09

-0.09 (-0.74%)

TM

Toyota

$138.70

-2.02 (-1.44%)

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  • 24

    Jan

  • 13

    Feb

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  • 07

    Mar

SLB

Schlumberger

$77.02

-0.195 (-0.25%)

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Technical Earnings Preview: Schlumberger has a potential bullish pattern »

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  • 19

    Jan

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