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MCD

McDonald's

$123.18

-0.15 (-0.12%)

, PNRA

Taken private 7/17

$210.74

0.52 (0.25%)

07:36
12/22/16
12/22
07:36
12/22/16
07:36

McDonald's, Panera Bread, Starbucks named top restaurant picks at RBC Capital

RBC Capital analyst David Palmer named McDonald's (MCD), Panera Bread (PNRA) and Starbucks (SBUX) as his top restaurant picks heading into 2017. He thinks that their initiatives should improve their sales by mid-2017, while they could also benefit from improved industry trends and corporate tax changes. He adds that McDonald's could benefit from reduced food deflationary pressures, while all restaurants should be boosted by fiscal stimulus.

MCD

McDonald's

$123.18

-0.15 (-0.12%)

PNRA

Taken private 7/17

$210.74

0.52 (0.25%)

SBUX

Starbucks

$57.44

-0.26 (-0.45%)

  • 09

    Jan

  • 09

    Jan

MCD McDonald's
$123.18

-0.15 (-0.12%)

12/01/16
12/01/16
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. Cummins (CMI) downgraded to Outperform from Buy at CLSA with analyst Kristine Kubacki citing valuation. 2. Cerner (CERN) downgraded to Market Perform from Outperform at Leerink with analyst David Larsen saying he believes there are several macro-headwinds putting pressure on the company's business model that he does not expect to alleviate any time soon. 3. McDonald's (MCD) and Wendy's (WEN) downgraded to Neutral from Buy at Guggenheim. 4. QuintilesIMS (Q) was downgraded to Market Perform from Strong Buy at Raymond James and to Market Perform from Outperform at William Blair. 5. National Oilwell (NOV) downgraded to Sell from Neutral at Seaport Global with analyst Richard Hastings citing premium valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/01/16
12/01/16
DOWNGRADE

Neutral
McDonald's downgraded to Neutral on valuation, macro headwinds at Guggenheim
As previously reported, Guggenheim downgraded McDonald's to Neutral from Buy and maintained its $127 price target. Analyst Matthew DiFirsco sees limited upside to current valuation and increased potential macro headwinds from rising gasoline prices, and the impact from higher interest rates on franchise investment. Further, the analyst increased risk to 2017 earnings upside due to US dollar appreciation and maintains his outlook for near-term negative US same-store-sales.
12/05/16
12/05/16
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. Nike (NKE) upgraded to Buy from Hold at HSBC. 2. Visa (V) upgraded to Buy from Neutral at Guggenheim. 3. TripAdvisor (TRIP) upgraded to Hold from Sell at Stifel with analyst Scott Devitt citing valuation. 4. McDonald's (MCD) upgraded to Buy from Neutral at Nomura with analyst Mark Kalinowski saying his checks indicate November will be one of the best same-store-sales quick-service burger sector in 2016 and raised McDonald's U.S. Q4 estimate by 150bp to -.5%, versus consensus of -1.6%. 5. Fastenal (FAST) upgraded to Outperform from Market Perform at William Blair with analyst Ryan Merkel saying now is the time to own short-cycle industrials. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/05/16
NOMU
12/05/16
UPGRADE
Target $139
NOMU
Buy
McDonald's upgraded to Buy from Neutral at Nomura
Nomura analyst Mark Kalinowski upgraded McDonald's to Buy and raised its price target to $139 from $126. The analyst's checks indicate November will be one of the best same-store-sales quick-service burger sector in 2016 and raised McDonald's U.S. Q4 estimate by 150bp to -.5%, versus consensus of -1.6%. Kalinowski is encouraged by McDonald's potential product pipeline heading into 2017 with Big Mac and French fry line extensions, fresh beef, platforms for customization, and further menu innovation in test geographies. In addition, the analyst said the likely national rollout of its new mobile order-and-pay will act as another growth driver.
PNRA Taken private 7/17
$210.74

0.52 (0.25%)

10/10/16
LBOW
10/10/16
UPGRADE
LBOW
Buy
Panera Bread upgraded to Buy from Neutral at Longbow
11/28/16
WEDB
11/28/16
DOWNGRADE
Target $220
WEDB
Neutral
Panera Bread downgraded to Neutral from Outperform at Wedbush
Wedbush analyst Nick Setyan downgraded Panera Bread to Neutral saying valuation reflects sustained same-store-sales growth and maintained its $220 price target.
10/27/16
ADAM
10/27/16
NO CHANGE
Target $255
ADAM
Buy
Panera Bread represents compelling buying opportunity, says Canaccord
Canaccord analyst Lynne Collier said she is increasingly confident in Panera Bread's ability to outperform its peers following its Q3 earnings conference call. The analyst believes its initiatives and technology investments are enhancing the brand's relevancy with consumers in a rapidly changing landscape. Collier reiterated her Buy rating and $255 price target on Panera Bread shares.
10/10/16
LBOW
10/10/16
UPGRADE
LBOW
Buy
Panera Bread upgraded to Buy from Neutral at Longbow
Longbow analyst Alton Stump upgraded Panera to Buy with a $239 price target saying the pullback in shares provides an attractive entry point. Stump said Panera 2.0 results have improved significantly since mid-2015 and could drive meaningful upside to results and thinks the company will continue to seek refranchising opportunities in coming years, which alone could drive meaningful multiple expansion.
SBUX Starbucks
$57.44

-0.26 (-0.45%)

12/15/16
JPMS
12/15/16
NO CHANGE
Target $60
JPMS
Overweight
Starbucks long-term earnings goal 'looks aggressive,' says JPMorgan
JPMorgan analyst John Ivankoe says shares of Starbucks remain a core holding even if the company's five-year earnings growth target of 15%-20% "looks aggressive." After meeting with management, Ivankoe believes Starbucks' long-term earnings growth rate is in the low-mid teens versus the company's stated 15%-20% goal. The analyst, however, believes Starbucks "remains an exceptional company." He keeps an Overweight rating on the stock and upped his price target to $60 from $59. Ideally, investors will add the positions at lower share levels, Ivankoe writes in a research note.
12/08/16
PIPR
12/08/16
NO CHANGE
Target $64
PIPR
Overweight
Piper reiterates Overweight on Starbucks following analyst day
Piper Jaffray analyst Nicole Miller Regan reiterates an Overweight rating and $64 price target on Starbucks following the company's analyst day. Underlying core business momentum continues alongside a "very robust and innovative" pipeline, Regan tells investors in a research note. She notes that her channel checks suggest a positive 4.0% Americas same-store sales estimate is achievable.
12/06/16
12/06/16
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. Pandora (P) upgraded to Outperform from Perform at Oppenheimer with analyst Jason Helfstein saying a combination with Sirius XM (SIRI) makes sense at $18-$21 per share. 2. Netflix (NFLX) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena saying much of the competition he had feared has gained little traction. 3. Starbucks (SBUX) upgraded to Buy from Hold at Edward Jones. 4. United Continental (UAL) upgraded to Buy from Neutral at BofA/Merrill with analyst Andrew Didora saying United 's low margins relative to the group give it the most upside to a economic recovery while its corporate hub focus will benefit from improving business conditions and better than expected GDP. 5. Nucor (NUE) upgraded to Buy from Hold at Berenberg with Alessandro Abate saying higher steel prices and expectations for stronger volumes, combined with OPEC's decision to curb oil output, underpin momentum for the U.S. steel industry long-term and offset risks of a pullback. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/06/16
EDJN
12/06/16
UPGRADE
EDJN
Buy
Starbucks upgraded to Buy from Hold at Edward Jones

TODAY'S FREE FLY STORIES

CRVS

Corvus Pharmaceuticals

$13.00

1.13 (9.52%)

20:37
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PTLA

Portola Pharmaceuticals

$56.28

0.33 (0.59%)

20:35
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20:35
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TEVA

Teva

$16.49

-0.52 (-3.06%)

20:35
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20:35
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LOW

Lowe's

$73.01

-2.81 (-3.71%)

20:33
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20:33
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Lowe's rating change  »

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

, DLTR

Dollar Tree

$74.32

-0.63 (-0.84%)

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

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

DLTR

Dollar Tree

$74.32

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SJM

J.M. Smucker

$118.85

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TIF

Tiffany

$88.72

0.22 (0.25%)

TTC

Toro Company

$69.02

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SPLS

Staples

$10.18

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BURL

Burlington Stores

$84.95

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MIK

Michaels

$19.61

0.02 (0.10%)

SIG

Signet Jewelers

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Abercrombie & Fitch

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0.46 (5.03%)

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HSY

Hershey

$107.44

0.34 (0.32%)

19:16
08/23/17
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19:16
Hot Stocks
Hershey Company to acquire 1.5M common shares from Hershey Trust »

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MSADY

MS&AD Insurance

$17.08

-0.085 (-0.50%)

19:07
08/23/17
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Hot Stocks
MS&AD Insurance to acquire First Capital Insurance in $1.6B deal »

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AMGN

Amgen

$169.00

-1.07 (-0.63%)

18:46
08/23/17
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Hot Stocks
Amgen: Lancet Oncology publishes survival analysis from KYPROLIS Phase 3 trial »

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GE

General Electric

$24.39

-0.21 (-0.85%)

, ABB

ABB

$23.13

-0.01 (-0.04%)

18:39
08/23/17
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18:39
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18:39
Periodicals
GE resumes talks with ABB over industrial solutions deal, Reuters reports »

General Electric (GE) has…

GE

General Electric

$24.39

-0.21 (-0.85%)

ABB

ABB

$23.13

-0.01 (-0.04%)

03/08/13
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LZB

La-Z-Boy

$24.95

-6.3 (-20.16%)

, AMZN

Amazon.com

$958.00

-8.9 (-0.92%)

18:17
08/23/17
08/23
18:17
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18:17
Periodicals
La-Z-Boy in talks with Amazon over youth shopper outreach, MarketWatch reports »

La-Z-Boy (LZB) is in…

LZB

La-Z-Boy

$24.95

-6.3 (-20.16%)

AMZN

Amazon.com

$958.00

-8.9 (-0.92%)

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VLKAY

Volkswagen

$30.67

0.19 (0.62%)

18:14
08/23/17
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18:14
Periodicals
VW to launch two-tone compact SUV, Bloomberg says »

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F

Ford

$10.71

0.06 (0.56%)

18:01
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Ford names Jason Luo as chairman, CEO of Ford China »

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BA

Boeing

$238.09

-1.66 (-0.69%)

, LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

17:47
08/23/17
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Periodicals
Boeing 'disappointed' company not chosen for cruise missile deal, Bloomberg says »

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BA

Boeing

$238.09

-1.66 (-0.69%)

LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

RTN

Raytheon

$178.19

-1.03 (-0.57%)

03/08/13
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HBM

Hudbay Minerals

$8.50

0.2 (2.41%)

17:44
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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

17:32
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Breaking Hot Stocks news story on HP Inc. »

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GES

Guess

$12.48

0.11 (0.89%)

, TLYS

Tilly's

$9.60

0.88 (10.09%)

17:29
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On The Fly: After Hours Movers »

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GES

Guess

$12.48

0.11 (0.89%)

TLYS

Tilly's

$9.60

0.88 (10.09%)

WSM

Williams-Sonoma

$43.40

0.55 (1.28%)

PVH

PVH Corp.

$120.04

-0.28 (-0.23%)

YUME

YuMe

$5.15

0.09 (1.78%)

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

HEI

Heico

$81.11

-0.95 (-1.16%)

GBT

Global Blood Therapeutics

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MATX

Matson

$24.02

0.24 (1.01%)

17:28
08/23/17
08/23
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17:28
Hot Stocks
Matson upgrading its Honolulu terminal »

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TCMD

Tactile Systems

$33.90

0.78 (2.36%)

17:24
08/23/17
08/23
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17:24
Syndicate
Breaking Syndicate news story on Tactile Systems »

Tactile Systems files to…

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TCMD

Tactile Systems

$33.90

0.78 (2.36%)

17:23
08/23/17
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17:23
Syndicate
Breaking Syndicate news story on Tactile Systems »

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CIVI

Civitas Solutions

$18.30

-0.1 (-0.54%)

17:21
08/23/17
08/23
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17:21
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Civitas Solutions analyst commentary  »

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LLL

L3 Technologies

$179.28

-1.39 (-0.77%)

17:20
08/23/17
08/23
17:20
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17:20
Hot Stocks
L3 Technologies awarded $172.9M government contract modification »

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BA

Boeing

$238.08

-1.67 (-0.70%)

17:19
08/23/17
08/23
17:19
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17:19
Hot Stocks
Boeing awarded $222.5M government contract modification »

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RTN

Raytheon

$178.19

-1.03 (-0.57%)

17:18
08/23/17
08/23
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17:18
Hot Stocks
Raytheon awarded approximately $900M government contract »

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LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

17:17
08/23/17
08/23
17:17
08/23/17
17:17
Hot Stocks
Lockheed Martin awarded approximately $900M government contract »

Lockheed Martin Corp.,…

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  • 23

    Aug

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

, SSNLF

Samsung

$2,020.00

-10 (-0.49%)

17:11
08/23/17
08/23
17:11
08/23/17
17:11
Hot Stocks
HP Inc. sees Samsung deal closing in Q4 »

HP Inc. (HPQ) said it saw…

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

SSNLF

Samsung

$2,020.00

-10 (-0.49%)

03/08/13
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