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GS

Goldman Sachs

$218.66

6.91 (3.26%)

, CRL

Charles River

$72.91

1.35 (1.89%)

10:22
11/30/16
11/30
10:22
11/30/16
10:22

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Goldman Sachs (GS) upgraded to Buy from Hold at Deutsche Bank with analyst Matt O'Connor saying leverage to higher rates is mostly reflected in bank stock prices following their post-election advance so far, but that higher loan growth and fee volumes from a stronger economy may not be. 2. Charles River upgraded to Equal Weight from Underweight at Barclays with analyst Douglas Tsao saying Charles River is the biggest beneficially of the increased biopharma R&D and views valuation as balanced at current levels. 3. Celanese (CE) upgraded to Buy from Neutral at Goldman with analyst Robert Koort saying he believes Celanese is poised to outperform given continued strong execution by management with focus on mix improvement, strong cash flow generation, and shareholder friendly deployment. 4. MAA (MAA) upgraded to Outperform from Market Perform at BMO Capital with analyst John Kim citing valuation. 5. Super Micro Computer (SMCI) upgraded to Buy from Neutral at DA Davidson with analyst Mark Kelleher saying he expects the company to report strong December quarter results and predicts that it will benefit from the rollout of Intel's (INTC) Sky Lake product and the strong growth of its own storage product. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

GS

Goldman Sachs

$218.66

6.91 (3.26%)

CRL

Charles River

$72.91

1.35 (1.89%)

CE

Celanese

$79.61

2.45 (3.18%)

MAA

MAA

$92.92

-0.89 (-0.95%)

SMCI

Super Micro Computer

$26.10

-0.25 (-0.95%)

  • 01

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    Dec

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    Dec

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    Feb

  • 09

    Feb

GS Goldman Sachs
$218.66

6.91 (3.26%)

11/30/16
11/30/16
UPGRADE

Buy
Deutsche ups Goldman Sachs to Buy, says stronger economy not yet priced in
As previously reported, Deutsche Bank analyst Matt O'Connor upgraded Goldman Sachs (GS) to Buy from Hold, offering the opinion that leverage to higher rates is mostly reflected in bank stock prices following their post-election advance so far, but that higher loan growth and fee volumes from a stronger economy may not be. After having updated his earnings models to more closely reflect a combination of stronger economic growth, higher interest rates and lower regulations and tax rates, O'Conner said Goldman is now one of his top, listing Huntington Bancshares (HBAN) and Wells Fargo (WFC) as his top large regional bank choices.
11/29/16
DBAB
11/29/16
UPGRADE
DBAB
Buy
Goldman Sachs upgraded to Buy from Hold at Deutsche Bank
11/29/16
11/29/16
DOWNGRADE
Target $201

Neutral
Goldman Sachs downgraded to Neutral on valuation at Nomura
As previously reported, Nomura downgraded Goldman Sachs to Neutral from Buy and maintained its $201 price target. Analyst Steven Chubak said risk/reward is more balanced given an already low tax rate, lower asset sensitivity, weaker excess capital, higher risk of multiple rebasing, and heavier international exposure.
11/29/16
KBWI
11/29/16
UPGRADE
Target $240
KBWI
Outperform
Goldman Sachs upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded Goldman Sachs to Outperform saying the company should benefit more than peers from a better trading environment. The analyst raised his price target for the shares to $240 from $185.
CRL Charles River
$72.91

1.35 (1.89%)

10/19/16
JEFF
10/19/16
DOWNGRADE
Target $79
JEFF
Hold
Quintiles downgraded to Hold from Buy at Jefferies
Jefferies analyst David Windley downgraded Quintiles (Q) to Hold citing concern over the revenue synergy targets from the IMS merger. Windley notes that his firm's survey work indicates sponsors remain skeptical of IMS data's value in speeding clinical trial execution. He lowered his price target for the shares to $79 from $80. The analyst's top picks in Pharmaceutical Services are Charles River (CRL), INC Research (INCR) and PRA Health (PRAH).
11/30/16
LEHM
11/30/16
UPGRADE
Target $77
LEHM
Equal Weight
Charles River upgraded to Equal Weight from Underweight at Barclays
11/30/16
11/30/16
UPGRADE
Target $77

Equal Weight
Charles River upgraded to Equal Weight from Underweight at Barclays
As previously reported, Barclays upgraded Charles River to Equal Weight and raised its price target to $77 from $65. Analyst Douglas Tsao said Charles RIver is the biggest beneficially of the increased biopharma R&D and views valuation as balanced at current levels.
11/03/16
JEFF
11/03/16
NO CHANGE
JEFF
Charles River outlook still positive despite revenue miss, says Jefferies
After Charles River reported lower than expected Q3 revenue, Jefferies analyst David Windley blames the miss on delayed studies. The analyst expects the company's organic growth to come in at high single percentage digits in Q4, and he thinks that it will benefit from "steady, even improving outsourcing trends" going forward. He sees the Q3 results as "transient" and keeps a Buy rating.
CE Celanese
$79.61

2.45 (3.18%)

11/30/16
11/30/16
UPGRADE
Target $92

Buy
Celanese upgraded to Buy on growth profile at Goldman
As previously reported, Goldman upgraded Celanese to Buy from Neutral and raised its price target to $92 from $83. Analyst Robert Koort believes Celanese is poised to outperform given continued strong execution by management with focus on mix improvement, strong cash flow generation, and shareholder friendly deployment.
10/06/16
KEYB
10/06/16
INITIATION
KEYB
Overweight
Celanese initiated with an Overweight at KeyBanc
11/30/16
GSCO
11/30/16
UPGRADE
GSCO
Buy
Celanese upgraded to Buy from Neutral at Goldman
10/06/16
KEYB
10/06/16
INITIATION
Target $80
KEYB
Overweight
Celanese initiated with an Overweight at KeyBanc
KeyBanc analyst Micahel Sison initiated Celanese with an Outperform and an $80 price target. The analyst said Celanese has an operating strategy that can generate steady growth, high margins and top tier returns in the specialty chemical sector.
MAA MAA
$92.92

-0.89 (-0.95%)

11/30/16
BMOC
11/30/16
UPGRADE
BMOC
Outperform
MAA upgraded to Outperform from Market Perform at BMO Capital
11/30/16
BMOC
11/30/16
UPGRADE
BMOC
Outperform
MAA upgraded on performance, valuation at BMO Capital
As noted earlier, BMO Capital upgraded MAA to Outperform from Market Perform. Analyst John Kim upgraded the stock based on valuation. He says that the multifamily REIT's discount to its peers is too large, since its "EVA, organic growth, and balance sheet strength are at the high end of the sector." Additionally, he believes that MAA's acquisition of Post and its inclusion in the S&P 500 will cause the discount versus its peers to diminish Target to $104 from $102.
10/20/16
JMPS
10/20/16
UPGRADE
JMPS
Outperform
MAA upgraded on valuation, M&A track record at JMP Securities
As noted earlier, JMP Securities upgraded MAA to Outperform from Market Perform. Analyst Aaron Hecht cited valuation and what he sees as the company's successful M&A track record as reasons for the upgrade. Target $105.
10/20/16
10/20/16
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. American Express (AXP) upgraded to Neutral from Underperform at BofA/Merrill with the firm's analyst saying the third quarter earnings report points to better than expected billings and higher net interest income and should result in improved sentiment. 2. Kinder Morgan (KMI) upgraded to Outperform from Neutral at Credit Suisse, to Buy from Hold at Stifel, and to Outperform from Peer Perform at Wolfe Research. 3. MAA (MAA) upgraded to Buy from Hold at Jefferies and to Outperform from Market Perform at JMP Securities. 4. Banc of California (BANC) upgraded to Buy from Neutral at DA Davidson with analyst Gary Tenner citing a steep recent selloff that culminated with Tuesday's decline sparked by a negative Seeking Alpha post. The bank has refuted the most meaningful claim in the recent article and its just-released earnings beat expectations, driven by higher fee income levels, Tenner tells investors. 5. DragonWave (DRWI) upgraded to Hold from Sell at Desjardins with analyst Maher Yaghi saying the Sprint (S) contract announcement may be large enough to bring operations back into a cash neutral position. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SMCI Super Micro Computer
$26.10

-0.25 (-0.95%)

07/28/16
07/28/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cray (CRAY) initiated with an Overweight at Pacific Crest. 2. Fate Therapeutics (FATE) assumed with a Buy at H.C. Wainwright. 3. Super Micro Computer (SMCI) initiated with a Sector Weight at Pacific Crest. 4. Stamps.com (STMP) re-initiated with a Buy at Roth Capital. 5. Ormat Technologies (ORA) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/30/16
DADA
11/30/16
UPGRADE
DADA
Buy
Super Micro Computer upgraded to Buy from Neutral at DA Davidson
11/30/16
DADA
11/30/16
UPGRADE
DADA
Buy
Super Micro Computer upgraded on multiple positive catalysts at DA Davidson
As noted earlier, DA Davidson upgraded Super Micro Computer (SMCI) to Buy from Neutral. Analyst Mark Kelleher expects the company to report strong December quarter results and predicts that it will benefit from the rollout of Intel's (INTC) Sky Lake product and the strong growth of its own storage product. Target to $32 from $25.
08/05/16
ROTH
08/05/16
DOWNGRADE
Target $22.5
ROTH
Neutral
Super Micro Computer downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst Brian Alger downgraded Super Micro Computer to Neutral from Buy and lowered his price target on the shares to $22.50 from $40, citing the limited stock upside from current trading levels and his uncertainty toward the competitive landscape.

TODAY'S FREE FLY STORIES

C

Citi

$77.56

0.715 (0.93%)

10:33
01/16/18
01/16
10:33
01/16/18
10:33
Hot Stocks
Breaking Hot Stocks news story on Citi »

Citi CFO: Trading-related…

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03/06/13
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10:33
01/16/18
01/16
10:33
01/16/18
10:33
Conference/Events
UBS leisure analyst holds an analyst/industry conference call »

Leisure Analyst Farley…

ITRN

Ituran

$35.30

1.25 (3.67%)

10:33
01/16/18
01/16
10:33
01/16/18
10:33
Conference/Events
Ituran management to meet with Jefferies »

Meeting to be held in New…

03/08/13
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C

Citi

$77.50

0.66 (0.86%)

10:33
01/16/18
01/16
10:33
01/16/18
10:33
Hot Stocks
Breaking Hot Stocks news story on Citi »

Citi sees core accrual…

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AXTA

Axalta Coating

$31.99

-0.45 (-1.39%)

, UBS

UBS

$19.62

0.03 (0.15%)

10:32
01/16/18
01/16
10:32
01/16/18
10:32
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

AXTA

Axalta Coating

$31.99

-0.45 (-1.39%)

UBS

UBS

$19.62

0.03 (0.15%)

CS

Credit Suisse

$19.04

0.08 (0.42%)

NTR

Nutrien

$53.31

-0.12 (-0.22%)

CBM

Cambrex

$52.80

1.15 (2.23%)

DRNA

Dicerna

$8.42

-0.01 (-0.12%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 24

    Jan

UA

Under Armour; also tag UAA

$13.13

-1.01 (-7.14%)

, UAA

Under Armour; also tag UA

$14.21

-0.91 (-6.02%)

10:32
01/16/18
01/16
10:32
01/16/18
10:32
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

UA

Under Armour; also tag UAA

$13.13

-1.01 (-7.14%)

UAA

Under Armour; also tag UA

$14.21

-0.91 (-6.02%)

VZ

Verizon

$51.84

-0.023 (-0.04%)

LMT

Lockheed Martin

$336.31

0.06 (0.02%)

COL

Rockwell Collins

$138.14

0.31 (0.22%)

SAVE

Spirit Airlines

$47.19

-1.07 (-2.22%)

FNSR

Finisar

$22.74

0.48 (2.16%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

, TWTR

Twitter

$24.88

-0.535 (-2.11%)

10:32
01/16/18
01/16
10:32
01/16/18
10:32
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…click here.

QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

TWTR

Twitter

$24.88

-0.535 (-2.11%)

PG

Procter & Gamble

$90.31

0.7 (0.78%)

NOC

Northrop Grumman

$317.94

2.79 (0.89%)

CW

Curtiss-Wright

$133.63

4.893 (3.80%)

ADTN

Adtran

CIEN

Ciena

$22.69

0.75 (3.42%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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    Feb

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  • 06

    Mar

TWTR

Twitter

$24.85

-0.565 (-2.22%)

10:32
01/16/18
01/16
10:32
01/16/18
10:32
Periodicals
Greenlight took 'small' stake in Twitter in Q4, Bloomberg reports »

Bloomberg cites…

03/08/13
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03/08/13
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03/06/13
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XLF

Financial Select Sector

$29.38

0.15 (0.51%)

10:30
01/16/18
01/16
10:30
01/16/18
10:30
Options
Notable spread in SPDR Financials as the sector sees strength »

Notable spread in SPDR…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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10:29
01/16/18
01/16
10:29
01/16/18
10:29
Conference/Events
UBS automotive analyst holds an analyst/industry conference call »

Automotive Analyst Hummel…

10:28
01/16/18
01/16
10:28
01/16/18
10:28
General news
Tax reform optimism, Merck help push Dow up 1% to over 26,000 »

Stock futures were strong…

C

Citi

$77.60

0.76 (0.99%)

10:27
01/16/18
01/16
10:27
01/16/18
10:27
Hot Stocks
Citi CFO sees branded-cards NCL rate rising to 300bps in 2018 »

Says adjusting strategy…

03/08/13
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03/06/13
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  • 16

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CF

CF Industries

$41.63

-1.8919 (-4.35%)

10:26
01/16/18
01/16
10:26
01/16/18
10:26
Technical Analysis
Technical View: CF Industries falls sharply to session lows »

The stock was last down…

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03/06/13
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10:25
01/16/18
01/16
10:25
01/16/18
10:25
General news
U.S. corporate bond update: moderate issuance is expected »

U.S. corporate bond…

10:25
01/16/18
01/16
10:25
01/16/18
10:25
Conference/Events
BMO Capital specialty pharma analyst holds analyst/industry conference call »

Specialty Pharmaceutical…

RIG

Transocean

$11.94

-0.263 (-2.16%)

10:25
01/16/18
01/16
10:25
01/16/18
10:25
Conference/Events
Transocean to host special shareholder meeting »

Special shareholder…

03/08/13
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  • 16

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UPS

UPS

$133.56

-0.53 (-0.40%)

10:23
01/16/18
01/16
10:23
01/16/18
10:23
Hot Stocks
UPS says severe weather in Louisville may cause delays »

UPS posted a service…

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C

Citi

$77.51

0.67 (0.87%)

, HLT

Hilton

$84.53

0.58 (0.69%)

10:21
01/16/18
01/16
10:21
01/16/18
10:21
Hot Stocks
Breaking Hot Stocks news story on Citi, Hilton »

Citi CFO: Hilton card…

C

Citi

$77.51

0.67 (0.87%)

HLT

Hilton

$84.53

0.58 (0.69%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 16

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AMAT

Applied Materials

$53.45

0.25 (0.47%)

10:20
01/16/18
01/16
10:20
01/16/18
10:20
Options
Applied Materials puts active as shares move higher »

Applied Materials puts…

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C

Citi

$77.58

0.74 (0.96%)

10:19
01/16/18
01/16
10:19
01/16/18
10:19
Hot Stocks
Breaking Hot Stocks news story on Citi »

Citi CFO says seeing…

03/08/13
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03/06/13
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  • 16

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$NSD

NASDAQ Market Internals

10:17
01/16/18
01/16
10:17
01/16/18
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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03/06/13
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03/06/13
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$NYE

NYSE Market Internals

10:16
01/16/18
01/16
10:16
01/16/18
10:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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BAC

Bank of America

$31.51

0.32 (1.03%)

10:16
01/16/18
01/16
10:16
01/16/18
10:16
Hot Stocks
Bank of America reports December default rate 2.60% vs. 2.74% last month »

Reports December 30-plus…

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  • 17

    Jan

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    Feb

MRK

Merck

$62.50

3.84 (6.55%)

10:13
01/16/18
01/16
10:13
01/16/18
10:13
Upgrade
Merck rating change  »

Merck upgraded on earlier…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 18

    Jan

  • 25

    Jan

  • 02

    Feb

  • 08

    Feb

  • 25

    Mar

  • 03

    Apr

  • 23

    Oct

C

Citi

$77.98

1.14 (1.48%)

10:10
01/16/18
01/16
10:10
01/16/18
10:10
Hot Stocks
Citi CEO: Tax reform to 'greatly benefit' shareholders »

CEO Michael Corbat said…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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