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LB

L Brands

$71.81

-0.27 (-0.37%)

, LULU

lululemon

$57.99

0.08 (0.14%)

08:01
11/28/16
11/28
08:01
11/28/16
08:01

Softline Black Friday weekend sales mixed versus last year, says Morgan Stanley

Morgan Stanley said overall Softline Black Friday weekend sales were mixed verus last year saying L Brands (LB), lululemon (LULU), and Hollister were weekend winners and Gap (GPS), Broadridge (BR), Michael Kors (KORS), and Anthro were laggards.

LB

L Brands

$71.81

-0.27 (-0.37%)

LULU

lululemon

$57.99

0.08 (0.14%)

GPS

Gap

$25.57

-0.61 (-2.33%)

BR

Broadridge

$65.86

-0.04 (-0.06%)

KORS

Michael Kors

$48.91

0.32 (0.66%)

  • 29

    Nov

  • 30

    Nov

  • 07

    Dec

  • 09

    Jan

LB L Brands
$71.81

-0.27 (-0.37%)

11/28/16
PIPR
11/28/16
UPGRADE
Target $67
PIPR
Neutral
L Brands upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Neely Tamminga upgraded L Brands(LB) to Neutral saying the stock at current levels is already "indicating fundamental disappointment in the near-term." The analyst keeps a $67 price target for the shares. Tamminga this morning also upgraded Gap (GPS) to Neutral.
11/18/16
SBSH
11/18/16
NO CHANGE
Target $84
SBSH
Buy
Citi names L Brands a new top pick
After upgrading the shares this week, Citi analyst Paul Lejuez names L Brands his new top pick among Specialty Softline Retailers. The bad news is out following the company's lowered Q4 guidance, and investors should start to look toward an inflection in the second half of 2017, Lejuez tells investors in a research note. He has a Buy rating on L Brands with an $84 price target.
11/14/16
11/14/16
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. Lockheed Martin (LMT) upgraded to Buy from Hold at Stifel with analyst Joseph DeNardi saying he is pleased with the company's comments regarding its 2018 free cash flow outlook, and he thinks that it could benefit from increased defense spending in the wake of the election results. 2. Philip Morris (PM) upgraded to Buy from Outperform at CLSA with analyst Michael Levy citing the recent pullback for his rating change and said he sees the company adding to its buyback. 3. Citi (C) upgraded to Overweight from Equal Weight at Morgan Stanley with analysts led by Betsy Graseck saying the Republican sweep is positive for all financial stocks due to increased growth, higher rates, lower taxes, and less regulation. 4. U.S. Steel (X) and AK Steel (AKS) upgraded to Overweight from Equal Weight at Morgan Stanley. 5. L Brands (LB), Kohl's (KSS), and Chico's(CHS) were upgraded to Buy from Neutral at Citi, while Chico's was also upgraded to Outperform from Peer Perform at Wolfe 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.
11/14/16
SBSH
11/14/16
UPGRADE
SBSH
Buy
L Brands upgraded to Buy from Neutral at Citi
Citi analyst Paul Lejuez upgraded L Brands to Buy citing his more bullish view of Specialty Retail and Department Stores. The likelihood of tax reform under a President Trump should put more money in the pockets of consumers, Lejuez tells investors in a research note.
LULU lululemon
$57.99

0.08 (0.14%)

11/16/16
11/16/16
DOWNGRADE

Neutral
lululemon downgraded to Neutral on increased discounting at Credit Suisse
As previously reported, Credit Suisse downgraded lululemon to Neutral from Outperform. Analyst Christian Buss said survey results indicate markdown intensity has increased this quarter to up 2.7%, higher than the 2.5% increase year-over-year and 2% sequentially, with the largest discounting in Woman's Tops. The analyst has reduced conviction the company can sustain topline momentum and lowered his FY16 comp estimate to 5.1% from 6.2%, FY17 to 3.8% from 5.9%, and lowered its price target to $53 from $76 to reflect a lower multiple.
11/16/16
FBCO
11/16/16
DOWNGRADE
FBCO
Neutral
lululemon downgraded to Neutral from Outperform at Credit Suisse
10/24/16
SBSH
10/24/16
NO CHANGE
Target $85
SBSH
Buy
Citi calls lululemon investor concerns misunderstandings
Citi analyst Paul Lejuez points out that shares of lululemon are down 30% since the company reported Q2 results. Investor concerns center around the low-single-digit decline in store traffic as well as the level of clearance on the retailer's website. There are some misunderstandings related to these concerns and fears are exaggerated, Lejuez tells investors in a research note. As lululemon grows its store and sales base, more clearance is natural, the analyst contends. Further, he believes all classes of stores are comping positive. He feels investors have concerns about older classes of stores comping down. The analyst keeps a Buy rating on lululemon with an $85 price target. The stock closed Friday down 77c to $57.00.
10/26/16
10/26/16
NO CHANGE

Outperform
FBR adds Carter's to Alpha Generator list, removes lululemon
FBR Capital analyst Susan Anderson reiterates an Outperform rating on Carter's (CRI) and adds the shares to her firm's Alpha Generator list. The 24% pullback since the company reported Q2 earnings provides a "good opportunity to get into a high-quality name," Anderson tells investors in a research note. The analyst removed lululemon (LULU) as a short from the Alpha Generator list but keeps an Underperform rating on the stock. Anderson expects continued pressure on lululemon shares from slowing same-store-sales.
GPS Gap
$25.57

-0.61 (-2.33%)

11/18/16
BARD
11/18/16
NO CHANGE
Target $28
BARD
Neutral
Gap risk/reward balanced at current levels, says Baird
Baird analyst Mark Altschwager noted Gap's Q3 results were mixed, as the company reported in-line earnings but a big gross margins beat. The analyst said the gross margins beat was due to one-time factors and that cautious guidance suggested a Q4 retrenchment in margins. With its recent share price appreciation, Altschwager feels the risk/reward is balanced. Altschwager maintained his Neutral rating and $28 price target on Gap shares.
11/18/16
11/18/16
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. Wells Fargo (WFC) downgraded to Underperform from Market Perform at BMO Capital with analyst James Fotheringham saying that the shares don't reflect the impact of its "recent cross-selling issues." 2. Gap (GPS) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez citing expectations that the company's brands will continue to struggle. 3. Citi (C) downgraded to Neutral from Outperform at Macquarie with analyst David Konrad saying investors should shift exposure to names that have more leverage to capital markets and increased economic activity and away from global banks. 4. Torchmark (TMK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Seth Weiss citing relative valuation. 5. First Solar (FSLR) downgraded to Sell from Neutral at UBS with analyst Julien Dumoulin-Smith saying the recently issued 2017 guidance "is not the trough in expectations." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/28/16
PIPR
11/28/16
UPGRADE
Target $23
PIPR
Neutral
Gap upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Neely Tamminga upgraded Gap to Neutral saying the shares, are dropping 17% since the earnings report, are appropriately reflecting concerns on fundamentals. The analyst keeps a $23 price target for the stock.
BR Broadridge
$65.86

-0.04 (-0.06%)

11/04/16
11/04/16
NO CHANGE

Broadridge acquires M&O Systems
Broadridge Financial acquired M&O Systems, a provider of advisor compensation management solutions that help broker-dealers and wealth management firms support advisors and grow their businesses. Terms of the deal were not disclosed. With this acquisition, Broadridge expands its wealth offerings to include advisor compensation and incentive management, advisor commission portal, account opening and client books and records solutions. M&O Systems will be rebranded as Broadridge Advisor Compensation solutions.
09/29/16
SDLR
09/29/16
DOWNGRADE
SDLR
Hold
Broadridge downgraded to Hold from Buy at Sandler O'Neill
Sandler O'Neill analyst Christopher Donat downgraded Broadridge to Hold based on valuation.
09/13/16
ATLE
09/13/16
INITIATION
Target $82
ATLE
Overweight
Broadridge initiated with an Overweight at Atlantic Equities
Atlantic Equities analyst Jennifer Cook initiated Broadridge with an Overweight and an $82 price target.Target $82.
07/07/16
LEHM
07/07/16
DOWNGRADE
Target $67
LEHM
Equal Weight
Broadridge downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Darrin Peller downgraded Broadridge Financial Solutions to Equal Weight after changing ratings in the U.S. Payments, Processors & IT Services space. The analyst keeps a $67 price target for the shares.
KORS Michael Kors
$48.91

0.32 (0.66%)

11/14/16
11/14/16
DOWNGRADE
Target $52

Equal Weight
Michael Kors downgraded on lower earnings visibility at Morgan Stanley
As previously reported, Morgan Stanley downgraded Michael Kors to Equal Weight from Overweight and lowered its price target to $52 from $69. Analyst Kimberly Greenberger said Michael Kors FY17 guidance cut reduced her confidence in earnings visibility and now sees more balanced risk/reward in shares.
11/14/16
MSCO
11/14/16
DOWNGRADE
MSCO
Equal Weight
Michael Kors downgraded to Equal Weight from Overweight at Morgan Stanley
10/25/16
WELS
10/25/16
NO CHANGE
WELS
New wearables could enable Fossil to hit high end of guidance, says Wells Fargo
Wells Fargo says that the successful launch of Fossil's (FOSL) new wearables collection, including the Michael Kors (KORS) Access Line, could enable Fossil to hit the high end of its Q3 guidance range. Wells says that the Access Line's success could lift the company's Q2 sales by $12M-$14M. However, the firm warns that the outlook for Michael Kors Access for the holiday season is "cloudy," since the products' success last quarter was party due to beating the Apple (AAPL) Watch 2 to market by nearly two weeks. Now that Apple's new watch has been released, the growth of Fossil made watches "could moderate substantially," the firm warns. Nonetheless, it raised its price target on Fossil to $25-$27 from $23-$25 and on Michael Kors to $50-$52 from $48-$50. However, it keeps Market Perform ratings on both stocks.
10/17/16
10/17/16
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. Wells Fargo (WFC) upgraded to Market Perform from Underperform at BMO Capital with analyst James Fotheringham. 2. AMD (AMD) upgraded to Perform from Underperform at Oppenheimer with analyst Rick Schafer citing lower balance sheet risk and improved near-term sales trends ahead of the company's third quarter results. 3. Groupon (GRPN) upgraded to Outperform from Neutral at Wedbush with analyst Aaron Turner saying he expects the company's "large valuation discrepancy" relative to peers to close following its third quarter earnings report. 4. Michael Kors KORS) upgraded to Mixed from Negative at OTR Global. 5. PNC Financial (PNC) upgraded to Buy from Hold at Argus with analyst Stephen Biggar saying PNC is well positioned to benefit from rising rates and it is making progress on a range of strategic initiatives, including expansion in the Southeast and in the Chicago area, where increased brand awareness has led to good growth in both retail and commercial banking. 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

SLB

Schlumberger

$76.37

-0.84 (-1.09%)

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VRNS

Varonis

$52.80

-0.1 (-0.19%)

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SLB

Schlumberger

$76.37

-0.84 (-1.09%)

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FB

Facebook

$179.80

2.2 (1.24%)

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AVT

Avnet

$41.32

-0.33 (-0.79%)

, ARW

Arrow Electronics

$84.13

0.3 (0.36%)

08:08
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Upgrade
Avnet, Arrow Electronics, ON Semiconductor, TE Connectivity rating change  »

Avnet upgraded to Buy…

AVT

Avnet

$41.32

-0.33 (-0.79%)

ARW

Arrow Electronics

$84.13

0.3 (0.36%)

ON

ON Semiconductor

$24.74

0.82 (3.43%)

TEL

TE Connectivity

$99.97

-0.6 (-0.60%)

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HTBX

Heat Biologics

$0.40

-0.0123 (-2.98%)

08:07
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Syndicate
Breaking Syndicate news story on Heat Biologics »

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NEPT

Neptune Technologies

$2.91

-0.11 (-3.64%)

08:07
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GMLP

Golar LNG Partners

$22.41

-0.5 (-2.18%)

08:06
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Golar LNG Partners secures new long-term FSRU contract »

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SLB

Schlumberger

$76.37

-0.84 (-1.09%)

08:06
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  • 19

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KSU

Kansas City Southern

$111.50

0.69 (0.62%)

08:05
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08:05
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08:05
Earnings
Kansas City Southern reports Q4 EPS $1.38 ex-items, consensus $1.37 »

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  • 19

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AVGR

Avinger

$0.21

0.0056 (2.79%)

08:05
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Avinger granted continued listing decision from Nasdaq »

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BSRR

Sierra Bancorp

$27.66

-0.31 (-1.11%)

08:03
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Sierra Bancorp increases dividend 14% to 16c »

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ALBO

Albireo Pharma

$29.47

1.46 (5.21%)

08:03
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Hot Stocks
Albireo Pharma to receive over $55M in nondilutive cash payments »

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EMAN

eMagin

08:03
01/19/18
01/19
08:03
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08:03
Earnings
eMagin reports preliminary Q4 revenue $6.2M-$6.4M, consensus $5.77M »

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HUN

Huntsman

$34.28

0.12 (0.35%)

08:03
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ZAYO

Zayo Group

$35.63

-0.95 (-2.60%)

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Zayo Group acquires Optic Zoo Networks for C$31M »

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  • 07

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MA

MasterCard

$165.48

1.16 (0.71%)

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  • 01

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QCOM

Qualcomm

$68.05

0.03 (0.04%)

, NXPI

NXP Semiconductors

$120.00

0.66 (0.55%)

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QCOM

Qualcomm

$68.05

0.03 (0.04%)

NXPI

NXP Semiconductors

$120.00

0.66 (0.55%)

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  • 06

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TEAM

Atlassian

$55.60

0.73 (1.33%)

08:01
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  • 26

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AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

08:00
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NEM

Newmont Mining

$39.24

-0.21 (-0.53%)

08:00
01/19/18
01/19
08:00
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08:00
Options
Newmont Mining put buyer realizes 16% same-day gains »

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  • 21

    Feb

CS

Credit Suisse

$18.93

0.21 (1.12%)

07:59
01/19/18
01/19
07:59
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07:59
Periodicals
Credit Suisse's top China dealmaker set to leave, Bloomberg reports »

Mervyn Chow, Credit…

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  • 19

    Jan

LSXMA

Liberty SiriusXM

$40.83

0.29 (0.72%)

07:59
01/19/18
01/19
07:59
01/19/18
07:59
Initiation
Liberty SiriusXM initiated  »

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CSCO

Cisco

$41.30

0.1 (0.24%)

, BSFT

BroadSoft

$55.00

0.05 (0.09%)

07:57
01/19/18
01/19
07:57
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07:57
Conference/Events
BroadSoft to host special shareholder meeting »

Special Shareholder…

CSCO

Cisco

$41.30

0.1 (0.24%)

BSFT

BroadSoft

$55.00

0.05 (0.09%)

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