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FCX

Freeport McMoRan

$9.63

-0.03 (-0.31%)

, NOVN

Novan

$18.97

0.31 (1.66%)

10:40
10/17/16
10/17
10:40
10/17/16
10:40

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Freeport McMoRan (FCX) reinstated with an Underperform at BofA/Merrill. 2. Novan (NOV) initiated with an Overweight at Piper Jaffray, an Outperform at Wedbush, and an Outperform at JMP Securities. 3. CapStar Financial (CSTR) initiated with a Market Perform at Keefe Bruyette, a Hold at Sandler O'Neill, and an Outperform at Raymond James. 4. Trade Desk (TTD) initiated with a Buy at Jefferies, an Outperform at RBC Capital, a Buy at Citi, a Buy at Needham, and an Outperform at Raymond James. 5. e.l.f. Beauty (ELF) initiated with a Neutral at JPMorgan, an Overweight at Piper Jaffray, a Market Perform at Wells Fargo, an Outperform at William Blair, a Hold at Stifel, a Buy at SunTrust, an Outperform at Cowen, and an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

FCX

Freeport McMoRan

$9.63

-0.03 (-0.31%)

NOVN

Novan

$18.97

0.31 (1.66%)

CSTR

CapStar Financial

$17.73

0.03 (0.17%)

TTD

Trade Desk

$26.36

0.39 (1.50%)

ELF

e.l.f. Beauty

$27.16

0.22 (0.82%)

  • 25

    Oct

  • 28

    Oct

  • 06

    Nov

  • 29

    Nov

FCX Freeport McMoRan
$9.63

-0.03 (-0.31%)

10/13/16
DBAB
10/13/16
UPGRADE
Target $77
DBAB
Buy
Anadarko upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Ryan Todd upgraded Anadarko Petroleum (APC) to Buy saying the company's Freeport McMoRan (FCX) transaction is "highly attractive" and addressed his primary concerns around its funding profile, growth and leverage. The analyst believes Anadarko's U.S. onshore assets are "best-in-class." Todd keeps a $77 price target for the shares.
10/03/16
10/03/16
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. Dow Chemical (DOW) and DuPont (DD) were upgraded to Buy from Neutral at Citi with analyst P.J. Juvekar citing he opportunity presented by the proposed merger. 2. Freeport McMoRan (FCX), Barrick Gold (ABX), and Pan American Silver (PAAS) were upgraded to Buy from Hold at Deutsche Bank. 3. LogMeln (LOGM) upgraded to Overweight from Equal Weight at Barclays with analyst Raimo Lenschow saying the pending merger with Citrix's (CTXS) divested GoTo assets creates a "great new opportunity." 4. Halliburton (HAL) upgraded to Buy from Hold at Societe General. 5. Coty (COTY) upgraded to Buy from Neutral at BofA/Merrill with analyst Olivia Tong saying she believes Coty is at the beginning of a potential transformation with the pending closure of the P&G Beauty deal this week that could bring increased scale as well as a more targeted operational structure. 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
DBAB
10/03/16
UPGRADE
DBAB
Buy
Barrick, Freeport, Pan American upgraded to Buy at Deutsche Bank
Deutsche Bank analyst Jorge Beristain noted that while commodity prices rallied in Q3 Metals & Mining companies continued to get their "financial houses in order" and he expects the trend to continue for the next few quarters. The analyst, who recommends investing in non-integrated companies as well as building Precious exposure, is upgrading several stocks in the sector, including Barrick Gold (ABX), Freeport McMoRan (FCX), Pan American Silver (PAAS), all to Buy from Hold. The analyst also upgraded a number of others in the sector to Hold from Sell this morning.
10/17/16
BOFA
10/17/16
INITIATION
BOFA
Underperform
Freeport McMoRan reinstated with an Underperform at BofA/Merrill
BofA/Merrill analyst Timna Tanners reinstated coverage on Freeport McMoRan with an Underperform and an $8 price target. The BofA/Merill global commodity team sees copper among the weakest base metals against a backdrop of sluggish global growth and large mines coming online. Tanners said Indonesia mine risk will be a focus as export restrictions could start in 2017 and its unclear what will happen when Freeport McMoRan's license expires in 2021.
NOVN Novan
$18.97

0.31 (1.66%)

10/17/16
WEDB
10/17/16
INITIATION
Target $27
WEDB
Outperform
Novan initiated with an Outperform at Wedbush
Wedbush analyst David Nierengarten initiated Novan with an Outperform and a $27price target saying the company is expected to experience major near-term catalysts, including Ph 3 readout of SB204 in acne in 1Q17 and Ph 2 SB206 data in genital warts by YE16. The analyst expects SB204's differentiated profile to result in a first pass approval in late 2018 and launch soon after and SB206 data to support further development.
10/17/16
JMPS
10/17/16
INITIATION
JMPS
Outperform
Novan initiated with an Outperform at JMP Securities
Analyst Donald Ellis started Novan with an Outperform rating and a $31 price target.
10/17/16
PIPR
10/17/16
INITIATION
Target $25
PIPR
Overweight
Novan initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst David Amsellem started Novan with an Overweight rating and $25 price target. The analyst believes the company's Nitricil platform in medical dermatology has the potential to "drive transformative longer-term value creation."
CSTR CapStar Financial
$17.73

0.03 (0.17%)

10/17/16
SDLR
10/17/16
INITIATION
Target $19
SDLR
Hold
CapStar Financial initiated with a Hold at Sandler O'Neill
Sandler O'Neill analyst Stephen Scouten started CapStar Financial with a Hold rating and $19 price target.
09/22/16
COMP
09/22/16
INITIATION
Target $19
COMP
Buy
CapStar Financial initiated with a Buy at Compass Point
Compass Point analyst Laurie Havener Hunsicker initiated CapStar Financial with $19 price target. CapStar priced a 2.9M share IPO at $15 today. The analyst said CapStar trades at a discount to peers, is "whistle clean," high-growth community bank, with a commercial focus, in one of the most desirable and fastest growing markets in the Southeast.
10/17/16
KBWI
10/17/16
INITIATION
Target $19
KBWI
Market Perform
CapStar Financial initiated with a Market Perform at Keefe Bruyette
Keefe Bruyette analyst Catherine Mealor started CapStar Financial with a Market Perform rating and $19 price target.
10/17/16
RAJA
10/17/16
INITIATION
Target $20
RAJA
Outperform
CapStar Financial initiated with an Outperform at Raymond James
Raymond James analyst Daniel Cardenas started CapStar Financial with an Outperform rating and $20 price target.
TTD Trade Desk
$26.36

0.39 (1.50%)

10/17/16
RAJA
10/17/16
INITIATION
Target $31
RAJA
Outperform
Trade Desk initiated with an Outperform at Raymond James
Raymond James analyst Aaron Kessler initiated Trade Desk with an Outperform and a $31 price target given a large and growing programmatic advertising market, strong technology, expectations for 20% plus long-term revenue growth, and scalable software-like model driving high margin expansion.
10/17/16
NEED
10/17/16
INITIATION
Target $32
NEED
Trade Desk initiated with a Buy at Needham
Needham analyst Kerry Rice initiated Trade Desk with a Buy and a $32 price target.
10/17/16
RBCM
10/17/16
INITIATION
Target $33
RBCM
Outperform
Trade Desk initiated with an Outperform at RBC Capital
RBC Capital analyst Mark Mahaney started Trade Desk with an Outperform rating and $33 price target.
10/17/16
SBSH
10/17/16
INITIATION
Target $31
SBSH
Buy
Trade Desk initiated with a Buy at Citi
Citi analyst Mark Kelley started Trade Desk with a Buy rating and $31 price target. The analyst views the company's guidance as overly conservative and sees additional upside despite the 46% rally since the stock began trading on September 21.
ELF e.l.f. Beauty
$27.16

0.22 (0.82%)

10/17/16
MSCO
10/17/16
INITIATION
Target $28
MSCO
Equal Weight
e.l.f. Beauty initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Dara Mohsenian initiated e.l.f. Beauty with an Equal Weight and a $28 price target saying valuation reflect the company's growth outlook.
10/17/16
STFL
10/17/16
INITIATION
Target $25
STFL
Hold
e.l.f. Beauty initiated with a Hold at Stifel
Stifel analyst Mark Astrachan initiated e.l.f Beauty with a Hold and a $25 price target due to valuation.
10/17/16
RHCO
10/17/16
INITIATION
Target $32
RHCO
Buy
e.l.f. Beauty initiated with a Buy at SunTrust
SunTrust analyst William Chappell initiated e.l.f Beauty with a Buy and a $32 price target.
10/17/16
COWN
10/17/16
INITIATION
Target $32
COWN
Outperform
e.l.f. Beauty initiated with an Outperform at Cowen
Cowen analyst Oliver Chen initiated e.l.f Beauty with an Outperform and a $32 price target.

TODAY'S FREE FLY STORIES

AVGO

Broadcom

$264.29

0.79 (0.30%)

, QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

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QCOM

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NXPI

NXP Semiconductors

$119.58

0.33 (0.28%)

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EADSY

Airbus

$27.53

0.38 (1.40%)

, BA

Boeing

$340.55

4.34 (1.29%)

12:30
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Periodicals
Airbus CEO accuses Trump administration of protectionism, WSJ reports »

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Airbus

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0.38 (1.40%)

BA

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4.34 (1.29%)

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BAMXY

BMW Group

12:26
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Periodicals
BMW plans to bring wireless charging pad to the U.S., Verge reports »

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General news
Treasury Action: short yields continued to back higher »

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BAMXY

BMW Group

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HAWK

Blackhawk

$36.50

-0.5 (-1.35%)

12:23
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12:23
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12:23
Downgrade
Blackhawk rating change  »

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SHOO

Steven Madden

$48.20

-0.1 (-0.21%)

12:21
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12:21
Hot Stocks
Steve Madden reports 7.52% stake in Steven Madden »

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TER

Teradyne

$45.45

0.8494 (1.90%)

12:20
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Options
Notable call buying in Teradyne ahead of earnings »

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MRK

Merck

$62.74

4.081 (6.96%)

, GE

General Electric

$18.09

-0.67 (-3.57%)

12:18
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General news
On The Fly: Top stock stories at midday »

Stocks opened sharply…

MRK

Merck

$62.74

4.081 (6.96%)

GE

General Electric

$18.09

-0.67 (-3.57%)

UNH

UnitedHealth

$234.15

5.51 (2.41%)

QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

AVGO

Broadcom

$264.29

0.79 (0.30%)

NXPI

NXP Semiconductors

$119.58

0.33 (0.28%)

GM

General Motors

$45.03

0.955 (2.17%)

UA

Under Armour; also tag UAA

$13.12

-1.025 (-7.25%)

UAA

Under Armour; also tag UA

$14.21

-0.915 (-6.05%)

SCOR

comScore

$29.10

0.305 (1.06%)

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$NSD

NASDAQ Market Internals

12:17
01/16/18
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

12:16
01/16/18
01/16
12:16
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12:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

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NOV

National Oilwell

$38.90

-0.24 (-0.61%)

12:15
01/16/18
01/16
12:15
01/16/18
12:15
Options
National Oilwell put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 06

    Feb

DPW

DPW Holdings

$2.41

-0.325 (-11.90%)

12:12
01/16/18
01/16
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12:12
Hot Stocks
DPW Holdings falls almost 12% after announcing conversion of notes »

Sandstone Diagnostics…

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SBOW

SilverBow Resources

$31.88

-0.9386 (-2.86%)

12:10
01/16/18
01/16
12:10
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12:10
Conference/Events
SilverBow Resources management to meet with Stephens »

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TCEHY

Tencent

$56.92

1.565 (2.83%)

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AXP

American Express

$101.32

0.35 (0.35%)

12:06
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American Express reports December net write-off rate 2.0% vs. 1.9% last month »

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  • 18

    Jan

BX

Blackstone

$35.81

0.42 (1.19%)

12:05
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Options
Blackstone call volume above normal and directionally bullish »

Bullish option flow…

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  • 01

    Feb

ICBK

County Bancorp

$30.16

0.38 (1.28%)

, MTW

Manitowoc

$40.09

0.73 (1.85%)

12:04
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Hot Stocks
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ICBK

County Bancorp

$30.16

0.38 (1.28%)

MTW

Manitowoc

$40.09

0.73 (1.85%)

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RHHBY

Roche

$31.78

0.405 (1.29%)

12:02
01/16/18
01/16
12:02
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12:02
Hot Stocks
Roche launches CE-marked VENTANA MMR IHC Panel »

Roche announced the…

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  • 01

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  • 23

    Feb

NSRGY

Nestle

$85.10

0.58 (0.69%)

12:02
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01/16
12:02
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Hot Stocks
Nestle agrees to sell U.S. confectionery business to Ferrero »

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HES

Hess Corp.

$54.16

-0.38 (-0.70%)

12:00
01/16/18
01/16
12:00
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12:00
Periodicals
Hess to cut hundreds of jobs as it battles activist shareholder, Reuters says »

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  • 05

    Feb

CECE

CECO Environmental

$5.22

-0.07 (-1.32%)

12:00
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01/16
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CECO Environmental reports award of 'large contract' to energy business »

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  • 16

    Jan

  • 17

    Jan

INFO

IHS Markit

$47.85

0.39 (0.82%)

11:55
01/16/18
01/16
11:55
01/16/18
11:55
Conference/Events
IHS Markit management to meet with RBC Capital »

Group Luncheon Meeting…

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  • 16

    Jan

  • 16

    Jan

GSK

GlaxoSmithKline

$37.74

0.24 (0.64%)

11:54
01/16/18
01/16
11:54
01/16/18
11:54
Upgrade
GlaxoSmithKline rating change  »

GlaxoSmithKline upgraded…

03/08/13
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  • 07

    Feb

  • 25

    Mar

GSK

GlaxoSmithKline

$37.76

0.2646 (0.71%)

11:51
01/16/18
01/16
11:51
01/16/18
11:51
Upgrade
GlaxoSmithKline rating change  »

GlaxoSmithKline upgraded…

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  • 07

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