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EBAY

eBay

$31.50

0.04 (0.13%)

, MELI

MercadoLibre

$183.21

-1.26 (-0.68%)

08:37
10/13/16
10/13
08:37
10/13/16
08:37

eBay sale of MercadoLibre stake adds financial flexibility, says Baird

Baird analyst Colin Sebastian said eBay's (EBAY) sale of a majority of its investment stake in MercadoLibre (MELI) will provide eBay with both financial and strategic flexibility. The analyst believes the capital will allow eBay to increase share buybacks, make strategic acquisitions, or expand more aggressively in Latin America under a new strategic agreement with MercadoLibre. Sebastian maintained his Outperform rating and $35 price target on eBay shares.

EBAY

eBay

$31.50

0.04 (0.13%)

MELI

MercadoLibre

$183.21

-1.26 (-0.68%)

  • 19

    Oct

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    Oct

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    Nov

  • 14

    Oct

EBAY eBay
$31.50

0.04 (0.13%)

09/29/16
09/29/16
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. eBay (EBAY) upgraded to Buy from Hold at Deutsche Bank with analyst Ross Sandler saying eBay is likely to outperform Internet peers over the next two years now that its re-platforming is in the latter stages. 2. BlackBerry (BBRY) upgraded to Neutral from Underperform at Macquarie with analyst Gus Papageorgiou saying he expects operations to stabilize and profitability to return next year. 3. Endo (ENDP) upgraded to Outperform from Market Perform at Northland. 4. Rex Energy (REXX) upgraded to Hold from Sell at Stifel with analyst Michael Scialla saying the production cut may not actually occur, but he believes that other factors, along with positive commentary from OPEC, "appears to be building an oil price floor of $40." 5. Incyte (INCY) upgraded to Outperform from Market Perform at Raymond James with analyst Reni Benjamin saying Epacadostat plus pembrolizumab, should ;the results be confirmed in the ongoing Phase III study, could effectively compete with ipilimumab and nivolumab. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/16
BARD
10/03/16
NO CHANGE
BARD
Baird says impact on eBay from Facebook's Marketplace likely limited for now
Baird analyst Colin Sebastian said Facebook's (FB) launch of its long-anticipated peer-to-peer commerce platform, "Marketplace," came "much later" than he anticipated, but he still thinks Facebook is well positioned to compete in consumer shopping. Facebook's latest e-commerce effort will create headlines around competitive pressure, but Sebastian thinks Amazon (AMZN) and eBay (EBAY) will be "minimally impacted" in the near term given their scale, brand awareness, and much more advanced e-commerce capabilities. eBay may be most exposed, but the analyst also notes that 80% of its listings are new products, which may have limited overlap with Facebook listings.
10/10/16
RHCO
10/10/16
NO CHANGE
RHCO
eBay outlook has improved, says SunTrust
SunTrust analyst Robert Peck says he's more confident about eBay's turnaround following its beat and raise results. However, the analyst warns that the company's turnaround still has a long way to go, while its competition is increasing. Peck thinks that the stock could "re-rate" as the company's outlook becomes more certain, but he keeps a Hold rating on the shares.
10/13/16
WEDB
10/13/16
INITIATION
WEDB
Neutral
eBay coverage assumed with a Neutral at Wedbush
Wedbush analyst Aaron Turner says that eBay's e-commerce initiatives should help slow its market share erosion. However, the analyst prefers to keep a Neutral rating on the shares until the company shows that its "recent growth is sustainable and/or accelerating." Target to $34 from $29.
MELI MercadoLibre
$183.21

-1.26 (-0.68%)

08/09/16
GSCO
08/09/16
INITIATION
Target $170
GSCO
Neutral
MercadoLibre initiated with a Neutral at Goldman
Goldman Sachs analyst Irma Sgarz started MercadoLibre with a Neutral rating and $170 price target.
08/30/16
PIPR
08/30/16
NO CHANGE
Target $185
PIPR
Overweight
MercadoLibre listings growth continues, says Piper Jaffray
Piper Jaffray analyst Gene Munster says his firm's proprietary web analytics indicates MercadoLibre's listings growth continues at an "impressive rate." For July, the analyst thinks the company's unit growth was 85%. MercadoLibre's platform is "gaining steam with suppliers due to improvements in the site," Munster tells investors in a research note. He reiterates an Overweight rating on the shares with a $185 price target.
09/02/16
JPMS
09/02/16
UPGRADE
Target $200
JPMS
Overweight
MercadoLibre upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Andre Baggio upgraded MercadoLibre to Overweight and raised his price target for the shares to $200 from $133. The Latin America online commerce platform closed yesterday up $1.68 to $173.68. The Brazilian marketplace is thriving, and MercadoLibre is gaining market share, Baggio tells investors in a research note. He expects the share price to be driven by earnings growth, despite the "rich valuation."
09/02/16
09/02/16
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. MercadoLibre (MELI) upgraded to Overweight from Neutral at JPMorgan by analyst Andre Baggio, who said the Brazilian marketplace is thriving, and MercadoLibre is gaining market share. 2. Teva (TEVA) upgraded to Outperform from Perform at Oppenheimer by analyst Rohit Vanjani, who points out that the validity of Teva's Copaxone patents now lies with the District Court decision after the inter partes reviews by the USPTO. Vanjani believes the court ruling, which will likely come in early 2017, is the more important of the two, with a higher hurdle to invalidate the patents. 3. Pioneer Energy (PES) upgraded to Buy from Hold at Jefferies by analyst Brad Handler, who argues that the 24% pullback in shares since the early July peak provides an attractive valuation. The analyst believes Pioneer's covenant risk can be managed and raised his price target for the shares to $6 from $5. 4. Amec Foster Wheeler (AMFW) upgraded to Buy from Neutral at BofA/Merrill. 5. Mitsubishi UFJ (MTU) upgraded to Outperform from Neutral at Daiwa. 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

MS

Morgan Stanley

$55.35

0.75 (1.37%)

, BK

BNY Mellon

$57.89

0.35 (0.61%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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MS

Morgan Stanley

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0.75 (1.37%)

BK

BNY Mellon

$57.89

0.35 (0.61%)

BBT

BB&T

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PPG

PPG

$114.50

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MTB

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1.43 (0.80%)

KEY

KeyCorp

$21.26

-0.06 (-0.28%)

JBHT

J.B. Hunt

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0.01 (0.01%)

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ARNA

Arena Pharmaceuticals

$34.36

0.48 (1.42%)

20:24
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Initiation
Arena Pharmaceuticals initiated  »

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ROSE

Rosehill Resources

$7.96

0.01 (0.13%)

20:12
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Initiation
Rosehill Resources initiated  »

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COP

ConocoPhillips

20:10
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Initiation
ConocoPhillips initiated  »

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  • 01

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HES

Hess Corp.

$54.02

0.48 (0.90%)

20:10
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01/17
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Initiation
Hess Corp. initiated  »

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  • 05

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OXY

Occidental Petroleum

$75.86

0.59 (0.78%)

20:10
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20:10
Initiation
Occidental Petroleum initiated  »

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  • 14

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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  »

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WP

Worldpay

$77.89

-0.37 (-0.47%)

19:52
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19:52
Upgrade
Worldpay rating change  »

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FRAC

Keane Group

$18.51

0.63 (3.52%)

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

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  • 18

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BOOT

Boot Barn

$18.00

-1.1 (-5.76%)

19:50
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19:50
Syndicate
Boot Barn 6M share Secondary priced at $17.25 »

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  • 18

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PGH

Pengrowth Energy

$0.82

-0.0076 (-0.92%)

19:27
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01/17
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19:27
Hot Stocks
Pengrowth Energy announces $65M 2018 capital budget »

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INTC

Intel

$44.39

1.25 (2.90%)

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

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  • 17

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OBE

Obsidian Energy

$1.21

-0.03 (-2.42%)

19:21
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Hot Stocks
Obsidian Energy says willing to work with FrontFour on board views »

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TOSBF

Toshiba, also use TOSYY

, TOSYY

Toshiba, also use TOSBF

$16.95

-0.01 (-0.06%)

19:11
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01/17
19:11
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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
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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
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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%)

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  • 18

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AAPL

Apple

$179.10

2.91 (1.65%)

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

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  • 01

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MPVD

Mountain Province Diamonds

$2.83

0.075 (2.73%)

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
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Walter Investment prepackaged Chapter 11 plan approved by court »

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TM

Toyota

$140.72

2.75 (1.99%)

, KBSTY

Kobe Steel

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Periodicals
Toyota not affected by Kobe Steel false data scandal, Nikkei reports »

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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

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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

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GWRE

Guidewire

$75.64

0.19 (0.25%)

17:46
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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
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17:40
Recommendations
Apple analyst commentary at Piper Jaffray »

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

FrontFour reports 5.7%…

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SN

Sanchez Energy

$5.81

0.16 (2.83%)

17:33
01/17/18
01/17
17:33
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17:33
Hot Stocks
Breaking Hot Stocks news story on Sanchez Energy »

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  • 15

    May

SN

Sanchez Energy

$5.81

0.16 (2.83%)

17:32
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17:32
Hot Stocks
Sanchez Energy sees FY18 capital budget of $420M-$470M »

Sanchez Energy 2018…

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