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FOSL

Fossil

$36.61

0.33 (0.91%)

, INTC

Intel

$35.20

-0.28 (-0.79%)

06:55
11/25/16
11/25
06:55
11/25/16
06:55

Intel leaving wearables would hurt Fossil, says Macquarie

According to media reports, Intel (INTC) is potentially exiting the wearable space, Macquarie analyst Laurent Vasilescu tells investors in a research note. In addition, Intel's wearable brand Basis is shutting down as of December 31, the analyst adds. He sees "important negative ramifications" for Fossil Group (FOSL) since Intel is the hardware component provider for the company's wearable initiative. Fossil depends on Intel's hardware knowhow for wearables, Vasilescu contends. The analyst has an Underperform rating on Fossil with a $20 price target.

FOSL

Fossil

$36.61

0.33 (0.91%)

INTC

Intel

$35.20

-0.28 (-0.79%)

  • 28

    Nov

FOSL Fossil
$36.61

0.33 (0.91%)

11/16/16
11/16/16
UPGRADE

Overweight
Fossil upgraded to Overweight from Underweight at Pacific Crest
Pacific Crest analyst Edward Yruma upgraded Fossil as he expects the company to benefit from continuing "strong momentum in wearables." He predicts that wearables will cause the company's financial results to reach a positive turning point, as his checks show that sales of its wearables remain strong. Truma thinks that wearables could generate 50c+ of EPS for Fossil. Target $42.
11/16/16
11/16/16
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. Disney (DIS) upgraded to Buy from Hold at Deutsche Bank with analyst Bryan Kraft citing increased confidence in the company's outlook for 2017. 2. Fitbit upgraded to Sector Weight from Underweight at Pacific Crest with analyst Brad Erickson citing valuation. 3. Copa Holdings (CPA) upgraded to Buy from Neutral at Goldman with analyst Marcio Prado saying Copa is well positioned for an expected recovery cycle given more rationalized sector capacity and improved yields, and structural advantages. 4. Fossil upgraded to Overweight from Underweight at Pacific Crest with analyst Edward Yruma saying he expects the company to benefit from continuing "strong momentum in wearables." 5. Juniper (JNPR) upgraded to Conviction Buy from Buy at Goldman with analyst Simona Jankowski saying she expects new switching products to drive top and bottom-line growth in 2017 and views valuation as attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/21/16
PIPR
11/21/16
UPGRADE
Target $32
PIPR
Neutral
Fossil upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Erinn Murphy upgraded Fossil Group to Neutral and raised her price target for the shares to $32 from $23 after meeting with management. The company has opportunity to cut costs and its potential with hybrid watches is being underappreciated, Murphy tells investors in a research note.
11/21/16
11/21/16
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. KBR (KBR) upgraded to Buy from Neutral at MKM Partners with analyst Daniel Scott saying the new business mix emphasizing government services and technology de-risks the model and warrants a re-rating. 2. Air Products (APD) upgraded to Buy from Hold at Argus with analyst Bill Selesky citing the spinoff of the company's Electronic Materials division, the forthcoming sale of its Performance Materials division, and other restructuring actions it has taken over the last year. 3. Fossil (FOSL) upgraded to Neutral from Underweight at Piper Jaffray with analyst Erinn Murphy saying the company has an opportunity to cut costs and its potential with hybrid watches is being underappreciated. 4. HSBC (HSBC) upgraded to Market Perform from Underperform at Bernstein. 5. Leidos (LDOS) upgraded to Outperform from Neutral at Credit Suisse with analyst Robert Springarn saying he sees further upside for Leidos driven by the IS&GS acquisition from cost synergies, deleveraging, and potential revenue synergies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
INTC Intel
$35.20

-0.28 (-0.79%)

10/19/16
ROTH
10/19/16
NO CHANGE
Target $40
ROTH
Buy
Roth Capital cuts Intel price target after guidance disappoints
Roth Capital analyst Suji Desilva lowered his price target for Intel to $40 from $43 after disappointing guidance. However, the analyst expects the shares to recover with a reset of expectations. Desilva continues to be encouraged by the company's transition to growth areas such as cloud data center, networking and IoT, and by the stable margin profile. He reiterates a Buy rating on the shares.
10/19/16
10/19/16
NO CHANGE

Intel data center results bode badly for several stocks, says Pacific Crest
Pacific Crest says that Intel's (INTC) data center results and commentary were "modestly disappointing," as enterprise demand for the company's data center products was "weak," according to the firm. The firm thinks that the negative enterprise results are "modestly negative for stocks with enterprise exposure, including Micron (MU), Seagate (STX) and Western Digital (WDC)."
10/19/16
10/19/16
NO CHANGE

Intel Q4 PC commentary negative for Marvell, others resilient says Pacific Crest
Pacific Crest notes that Intel (INTC) said its PC customers are poised to reduce their inventories in Q4. The firm says that the comment is negative for Marvell (MRVL). However, the firm believes that Advanced Micro Devices (AMD), NVIDIA (NVDA), ON Semiconductor (ON) and Synaptics (SYNA) are "most resilient" to this development, given their share gains, growth and other factors.
11/22/16
MKMP
11/22/16
NO CHANGE
MKMP
Buy
MKM Partners raises NVIDIA, AMD price targets on inflecting semi opportunities
MKM Partners analyst Ian Ing raised his price target for NVIDIA (NVDA) to $106 from $87, saying that thematic attention is heating up as large suppliers are crowding into artificial intelligence as an investment theme with non-GPU solutions. While other suppliers may be able to come up with better performance-for-power in certain use cases, he believes NVIDIA GPUs still have user stickiness with developer incumbency and easy-to-use tools that will be difficult to overcome. The analyst also raised his price target for AMD (AMD) to $10.50 from $8 to reflect improved prospects for the company driven by new product pipeline. Although Ian expects AMD to be a relatively minor player, its shares are helped by continued A.I. headlines and NVIDIA, Intel (INTC), and Qualcomm (QCOM) turning increasingly vocal on the opportunity. He reiterates a Buy rating on NVIDIA and AMD shares.

TODAY'S FREE FLY STORIES

NUVA

NuVasive

$51.99

-1.34 (-2.51%)

20:43
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Downgrade
NuVasive rating change at Wells Fargo »

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JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

, CELG

Celgene

$104.82

-1.18 (-1.11%)

20:38
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Recommendations
Juno Therapeutics, Celgene, Acquired by GILD 9/17, Gilead analyst commentary at Citi »

Juno could be worth $110…

JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

CELG

Celgene

$104.82

-1.18 (-1.11%)

KITE

Acquired by GILD 9/17

GILD

Gilead

$80.25

1.23 (1.56%)

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SNP

Sinopec

$83.07

-1 (-1.19%)

20:35
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01/16
20:35
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Upgrade
Sinopec rating change at Jefferies »

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SHLX

Shell Midstream

$30.74

0.21 (0.69%)

20:34
01/16/18
01/16
20:34
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20:34
Downgrade
Shell Midstream rating change at Stifel »

Shell Midstream…

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UNH

UnitedHealth

$232.90

4.26 (1.86%)

20:31
01/16/18
01/16
20:31
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20:31
Recommendations
UnitedHealth analyst commentary at Piper Jaffray »

UnitedHealth price target…

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  • 16

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AVXS

AveXis

$105.01

-12.49 (-10.63%)

20:31
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01/16
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20:31
Syndicate
AveXis 3.921M share Secondary priced at $102.00 »

Goldman Sachs, Jefferies…

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  • 17

    Jan

OZRK

Bank of the Ozarks

$52.23

-0.24 (-0.46%)

20:26
01/16/18
01/16
20:26
01/16/18
20:26
Downgrade
Bank of the Ozarks rating change at Keefe Bruyette »

Bank of the Ozarks…

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  • 16

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WP

Worldpay

$78.26

0.66 (0.85%)

, VNTV

Symbol changed to WP

20:25
01/16/18
01/16
20:25
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20:25
Initiation
Worldpay, Symbol changed to WP initiated at Goldman Sachs »

Worldpay reinstated with…

WP

Worldpay

$78.26

0.66 (0.85%)

VNTV

Symbol changed to WP

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BAC

Bank of America

$31.24

0.05 (0.16%)

, GS

Goldman Sachs

$258.46

1.43 (0.56%)

20:25
01/16/18
01/16
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

BAC

Bank of America

$31.24

0.05 (0.16%)

GS

Goldman Sachs

$258.46

1.43 (0.56%)

USB

U.S. Bancorp

$57.17

0.19 (0.33%)

FAST

Fastenal

$55.44

-0.15 (-0.27%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 17

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    Feb

C

Citi

$77.11

0.27 (0.35%)

20:20
01/16/18
01/16
20:20
01/16/18
20:20
Downgrade
Citi rating change at Keefe Bruyette »

Citi downgraded to Market…

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  • 16

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O

Realty Income

$52.94

0.22 (0.42%)

19:12
01/16/18
01/16
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19:12
Hot Stocks
Realty Income raises monthly dividend to 21.9c per share from 21.25c »

Realty Income announced…

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NGD

New Gold

$3.44

0.05 (1.47%)

19:05
01/16/18
01/16
19:05
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19:05
Hot Stocks
New Gold sees FY18 gold production 525,000-595,000 ounces »

Sees FY18 copper…

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NGD

New Gold

$3.44

0.05 (1.47%)

19:04
01/16/18
01/16
19:04
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19:04
Hot Stocks
New Gold reports Q4 gold production 154,446 ounces »

Reports Q4 copper…

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NGD

New Gold

$3.44

0.05 (1.47%)

19:04
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Hot Stocks
New Gold reports FY17 gold production 430,864 ounces »

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PYPL

PayPal

$80.42

-0.12 (-0.15%)

18:50
01/16/18
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Earnings
PayPal sees FY18 revenue $15B-$15.25B, consensus $15.35B »

Backs FY18 TPV Growth…

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  • 08

    Mar

CE

Celanese

$109.67

-1.67 (-1.50%)

18:32
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Celanese increases the price of low density polyethylene to 4c »

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  • 26

    Jan

RIG

Transocean

$11.47

-0.73 (-5.98%)

18:27
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Transocean shareholders show 'overwhelming support' for Songa transaction »

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  • 16

    Jan

WMT

Walmart

$100.69

-0.18 (-0.18%)

18:13
01/16/18
01/16
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Periodicals
Wal-Mart COO to be named international CEO, Reuters says »

Wal-Mart Stores COO…

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  • 20

    Feb

CME

CME Group

$152.20

-0.53 (-0.35%)

18:05
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CME reaches daily trading volume record for Henry Hub Nat Gas futures on Jan 12 »

CME Group announced it…

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  • 18

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  • 01

    Feb

CE

Celanese

$109.67

-1.67 (-1.50%)

18:02
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01/16
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Hot Stocks
Celanese announces price increases for engineered materials polymer products »

Celanese Corporation…

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  • 26

    Jan

SRC

Spirit Realty

$8.07

-0.03 (-0.37%)

17:46
01/16/18
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Spirit Realty funds $35M into Shopko master lease »

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NTNX

Nutanix

$36.01

-1.83 (-4.84%)

17:45
01/16/18
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Conference/Events
Nutanix management to meet with Piper Jaffray »

Group dinner to be held…

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  • 16

    Jan

JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

, CELG

Celgene

$104.82

-1.18 (-1.11%)

17:41
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Hot Stocks
On The Fly: After Hours Movers »

HIGHER: Juno Therapeutics…

JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

CELG

Celgene

$104.82

-1.18 (-1.11%)

NEWA

Newater Technology

$15.80

2.8 (21.54%)

VRS

Verso

$17.00

0.06 (0.35%)

EXEL

Exelixis

$29.65

-0.73 (-2.40%)

IPSEY

Ipsen

RNST

Renasant

$43.86

0.15 (0.34%)

IBKR

Interactive Brokers

$62.45

-0.65 (-1.03%)

CSX

CSX

$58.13

-1.12 (-1.89%)

ATEN

A10 Networks

$7.31

-0.27 (-3.56%)

HTGM

HTG Molecular

$3.50

-0.14 (-3.85%)

HIVE

Aerohive

$5.70

-0.19 (-3.23%)

OBLN

Obalon Therapeutics

$7.93

0.03 (0.38%)

XON

Intrexon

$13.77

-0.94 (-6.39%)

BOOT

Boot Barn

$19.10

-0.15 (-0.78%)

F

Ford

$13.10

-0.13 (-0.98%)

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    Jan

NRZ

New Residential

$17.63

-0.11 (-0.62%)

17:35
01/16/18
01/16
17:35
01/16/18
17:35
Earnings
Breaking Earnings news story on New Residential »

New Residential sees Q4…

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  • 17

    Jan

EXEL

Exelixis

$29.65

-0.73 (-2.40%)

17:30
01/16/18
01/16
17:30
01/16/18
17:30
Hot Stocks
Breaking Hot Stocks news story on Exelixis »

Exelixis up 3.2%…

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