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SNAP

Snap

$26.91

-0.18 (-0.66%)

, JCI

Johnson Controls

$41.79

-0.27 (-0.64%)

10:29
03/06/17
03/06
10:29
03/06/17
10:29

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Snap (SNAP) initiated with an Underperform at Needham. 2. Johnson Controls (JCI) initiated with a Neutral at JPMorgan. 3. Regency Centers (REG) reinstated with an Equal Weight at Barclays. 4. Limbach Holding (LMB) initiated with a Buy at Roth Capital. 5. Enbridge (ENB) coverage resumed with an Outperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

SNAP

Snap

$26.91

-0.18 (-0.66%)

JCI

Johnson Controls

$41.79

-0.27 (-0.64%)

REG

Regency Centers

$66.86

-0.88 (-1.30%)

LMB

Limbach Holding

$14.10

0.1 (0.71%)

ENB

Enbridge

$41.06

0.105 (0.26%)

  • 06

    Mar

  • 06

    Mar

  • 06

    Mar

  • 12

    Mar

SNAP Snap
$26.91

-0.18 (-0.66%)

03/03/17
SUSQ
03/03/17
INITIATION
Target $22
SUSQ
Neutral
Snap initiated with a Neutral at Susquehanna
Susquehanna initiated Snap with a Neutral and a $22 price target.
03/03/17
03/03/17
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. Kite Pharma (KITE) downgraded to Hold from Buy at Stifel with analyst Thomas Shrader citing valuation. 2. Nutanix (NTNX) downgraded to Underweight at Morgan Stanley with analyst Katy Huberty saying she expects weaker results to continue given a more crowded market, slower OEM growth, fewer deals, and rising DRAM costs, among other reasons. 3. Snap (SNAP) downgraded to Underweight from Neutral at Atlantic Equities with analyst James Cordwell citing premium valuation and maintained its $14 price target. Cordwell believes the current multiple is unsustainable given unproven monetization potential, challenges re-accelerating user growth, and structurally lower profitability. 4. Kroger (KR) downgraded to Buy from Conviction Buy at Goldman with analyst Stephen Tanal saying the fourth quarter update demonstrated Kroger's competitive edge as eroded a bit and suggest the company is losing share to key competitor Wal-Mart (WMT), which accelerated its grocery business in Q4. 5. Southern Company (SO) downgraded to Hold from Buy at Argus with analyst Katelyn Bayone citing significant delays and cost overruns at its Kemper County plant. The analyst said Southern has now pushed back the commercial operation of the Kemper "clean-coal" plant to mid-March. The plant was originally scheduled to open in 2013, though the opening has been repeatedly pushed back. Bayone said the plant's economic viability has become less certain due to lower-than-expected natural gas prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/06/17
NEED
03/06/17
INITIATION
NEED
Underperform
Snap initiated with an Underperform at Needham
Needham analyst Laura Martin started recent IPO Snap (SNAP) with an Underperform rating. The company's total addressable market in is 80% smaller than Facebook's (FB), and it already has 50% penetration of this market in the U.S., Martin tells investors in a research note. Further, Snap has no ability to prevent copy-cats from stealing its best ideas, the analyst contends. She estimates the stock's value at $19-$23 per share.
03/03/17
03/03/17
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. Snap (SNAP) initiated with a Neutral at Susquehanna. 2. GoPro (GPRO) initiated with a Sell and an $8 price target at Citi. 3. Wayfair (W) assumed with an Overweight at Piper Jaffray. 4. Paycom (PAYC) initiated with a Buy at Mizuho. 5. Restoration Hardware (RH) assumed with a Neutral at Piper Jaffray. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
JCI Johnson Controls
$41.79

-0.27 (-0.64%)

03/06/17
JPMS
03/06/17
INITIATION
Target $44
JPMS
Neutral
Johnson Controls initiated with a Neutral at JPMorgan
JPMorgan analyst C. Stephen Tusa started Johnson Controls with a Neutral rating and $44 price target. The analyst sees a balanced risk/reward profile at current share levels.
12/12/16
GSCO
12/12/16
DOWNGRADE
Target $50
GSCO
Buy
Johnson Controls downgraded to Buy from Conviction Buy at Goldman
02/14/17
ARGS
02/14/17
DOWNGRADE
ARGS
Hold
Johnson Controls downgraded to Hold from Buy at Argus
Argus analyst John Eade downgraded Johnson Controls as he says that the company's revenue is growing more slowly than he had expected, while the stock's technicals indicate that it will decline further.
12/12/16
12/12/16
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. CVS Health (CVS) downgraded to Hold from Buy at Jefferies with analyst Brian Tanquilut saying retail pharmacy market share losses are likely to limit the company's ability to post meaningful earnings upside over the next 12 months. 2. Johnson Controls (JCI) downgraded to Buy from Conviction Buy at Goldman. 3. Ophthotech (OPHT) downgraded to Neutral from Buy at Chardan, to Hold from Buy at SunTrust, and to Neutral from Overweight at JPMorgan. 4. Thermo Fisher (TMO) downgraded to Buy from Conviction Buy at Goldman with analyst Isaac Ro citing lack of near-term catalysts due to a more mixed end market outlook for 2017. 5. WebMD (WBMD) downgraded to Outperform from Strong Buy at Raymond James with analyst Nicholas Jensen citing recent share strength. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
REG Regency Centers
$66.86

-0.88 (-1.30%)

03/02/17
SBSH
03/02/17
INITIATION
Target $72
SBSH
Neutral
Regency Centers resumed with a Neutral at Citi
Citi analyst Michael Bilerman resumed coverage of Regency Centers with a Neutral rating and $72 price target.
03/06/17
LEHM
03/06/17
INITIATION
Target $72
LEHM
Equal Weight
Regency Centers reinstated with an Equal Weight at Barclays
Barclays analyst Linda Tsai reinstated Regency Centers with an Equal Weight rating and $72 price target.
03/02/17
03/02/17
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. Regency Centers (REG) resumed with a Neutral at Citi. 2. Electronic Arts (EA) and Activision Blizzard (ATVI) initiated with an Outperform at William Blair. 3. Parker-Hannifin (PH) resumed with an Overweight at Morgan Stanley. 4. Gran Tierra (GTE) coverage resumed with a Buy at Canaccord. 5. Mammoth Energy (TUSK) initiated with an Overweight at Capital One. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/19/17
RHCO
01/19/17
UPGRADE
RHCO
Buy
Regency Centers upgraded to Buy from Hold at SunTrust
LMB Limbach Holding
$14.10

0.1 (0.71%)

12/22/16
DADA
12/22/16
INITIATION
Target $16.5
DADA
Buy
Limbach Holding initiated with a Buy at DA Davidson
DA Davidson analyst Brent Thielman initiated Limbach Holding with a Buy and a $16.50 price target. The analyst believes the combination of expanding non-residential building markets, as well internal growth initiatives aimed at share gains and expanding its profitable Services platform, should produce attractive top- and bottom-line growth in the next two years.
03/06/17
ROTH
03/06/17
INITIATION
Target $17.5
ROTH
Buy
Limbach Holding initiated with a Buy at Roth Capital
Roth Capital analyst Gerry Sweeney started Limbach Holding with a Buy rating and $17.50 price target saying that revenue should grow in excess of 10% for the next several years, and EBITDA margins should expand toward 5% then 7% longer term as higher value Services revenue increases, industry prices firm and the company leverages SG&A.
ENB Enbridge
$41.06

0.105 (0.26%)

01/30/17
01/30/17
DOWNGRADE
Target $22

Neutral
Enbridge Energy downgraded to Neutral at Mizuho
As previously reported, Mizuho downgraded Enbridge Energy (EEP) to Neutral and lowered its price target to $22 from $29. Analyst Brian Zarahn said parent Enbridge's (ENB) financial assistance on Line 3 project and acquisition of only part of Enbridge Energy's gas business does not go far enough to improve investor confidence.
01/30/17
01/30/17
UPGRADE
Target $8

Neutral
Midcoast Energy upgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst John Edwards upgraded Midcoast Energy (MEP) to Neutral from Underperform after the company announced that it has entered into a definitive merger agreement with Enbridge Energy Company, an indirect subsidiary of Enbridge (ENB), where Enbridge Energy Company will acquire all outstanding Midcoast Energy units for $8/each. The analyst believes the $8 per unit is "fair" given declining volumes and 2017 EBITDA which he forecasts to be down 32% year over year. Edwards also raised his price target on Midcoast Energy's to $8 from $6.
01/18/17
SBSH
01/18/17
INITIATION
SBSH
Neutral
Enbridge resumed with a Neutral at Citi
Citi analyst Faisel Khan resumed coverage of Enbridge with a Neutral rating and C$60 price target.
03/06/17
BMOC
03/06/17
INITIATION
BMOC
Outperform
Enbridge coverage resumed with an Outperform at BMO Capital
BMO Capital analyst Ben Pham is upbeat on Enbridge's acquisition of Spectra Energy. The analyst thinks the deal improves the company's growth outlook and balance sheet. He believes that the deal will cause the company's free cash flow and stock price to rise. Target to $72 from $58.

TODAY'S FREE FLY STORIES

RAVN

Raven

$33.50

1.15 (3.55%)

14:32
11/17/17
11/17
14:32
11/17/17
14:32
Hot Stocks
Raven issued patent for Hawkeye Nozzle Control System »

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  • 21

    Nov

CNX

Consol

$16.50

0.465 (2.90%)

14:30
11/17/17
11/17
14:30
11/17/17
14:30
Options
Far upside call buyer in CNX »

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XENE

Xenon Pharmaceuticals

, AMGN

Amgen

$170.77

1.39 (0.82%)

14:29
11/17/17
11/17
14:29
11/17/17
14:29
Periodicals
Xenon higher as CNBC's Tirrell reports on nonaddictive pain medicines »

Six drug companies are…

XENE

Xenon Pharmaceuticals

AMGN

Amgen

$170.77

1.39 (0.82%)

RHHBY

Roche

$28.90

0.165 (0.57%)

BIIB

Biogen

$313.98

3.7 (1.19%)

RGEN

Repligen

$33.73

1.12 (3.43%)

VRTX

Vertex

$147.94

-0.72 (-0.48%)

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

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  • 28

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    Dec

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    Feb

  • 30

    Apr

  • 17

    May

  • 28

    May

RIO

Rio Tinto

$47.70

0.065 (0.14%)

14:25
11/17/17
11/17
14:25
11/17/17
14:25
Periodicals
Rio Tinto working with advisers on bid for stake in SQM, Bloomberg says »

Rio Tinto has lined up…

03/08/13
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VIAB

Viacom

$23.69

-0.92 (-3.74%)

14:25
11/17/17
11/17
14:25
11/17/17
14:25
Options
Viacom call volume above normal and directionally bullish »

Bullish option flow…

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03/08/13
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03/06/13
Citigroup
03/06/13
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14:25
11/17/17
11/17
14:25
11/17/17
14:25
General news
Action Economics Survey results »

Action Economics Survey…

TWX

Time Warner

$88.79

0.7799 (0.89%)

, DIS

Disney

$103.63

0.03 (0.03%)

14:23
11/17/17
11/17
14:23
11/17/17
14:23
Periodicals
'Justice League' grosses roughly $16M in opening day in China, Forbes says »

Warner Bros. (TWX) latest…

TWX

Time Warner

$88.79

0.7799 (0.89%)

DIS

Disney

$103.63

0.03 (0.03%)

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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$NSD

NASDAQ Market Internals

14:17
11/17/17
11/17
14:17
11/17/17
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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

14:16
11/17/17
11/17
14:16
11/17/17
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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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PAAS

Pan American Silver

$14.77

-0.12 (-0.81%)

14:00
11/17/17
11/17
14:00
11/17/17
14:00
Conference/Events
Pan American Silver investor and analyst day »

Investor and Analyst Day…

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

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  • 28

    Nov

TJX

TJX

$70.99

1.93 (2.79%)

14:00
11/17/17
11/17
14:00
11/17/17
14:00
Options
Notable options activity in TJX as shares see strength »

Notable options activity…

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PFSW

PFSweb

$6.80

0.21 (3.19%)

13:59
11/17/17
11/17
13:59
11/17/17
13:59
Hot Stocks
PFSweb rallies after Ancora discloses activist stake »

Ancora Advisors earlier…

03/08/13
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03/06/13
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RH

RH

$103.86

-0.95 (-0.91%)

13:52
11/17/17
11/17
13:52
11/17/17
13:52
Recommendations
RH analyst commentary  »

RH price target raised to…

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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HAIN

Hain Celestial

$38.49

1.76 (4.79%)

13:45
11/17/17
11/17
13:45
11/17/17
13:45
Options
Hain Celestial call volume above normal and directionally bullish »

Bullish option flow…

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PEG

PSEG

$51.40

0.015 (0.03%)

13:36
11/17/17
11/17
13:36
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13:36
Syndicate
Breaking Syndicate news story on PSEG »

PSEG files $129.1M mixed…

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AWK

American Water

$89.05

-0.64 (-0.71%)

13:33
11/17/17
11/17
13:33
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13:33
Hot Stocks
Indiana American Water acquires Georgetown Water System for about $6.4M »

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COT

Cott Corp.

$16.86

0.36 (2.18%)

13:30
11/17/17
11/17
13:30
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Options
Cott Corp call buying continues »

Cott Corp call buying…

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13:30
11/17/17
11/17
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General news
FX Action: USD-JPY »

FX Action: USD-JPY…

CC

Chemours

$52.23

0.705 (1.37%)

13:27
11/17/17
11/17
13:27
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13:27
Periodicals
Chemours tells Bloomberg N.C. permit revocation 'unwarranted' »

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  • 01

    Dec

13:25
11/17/17
11/17
13:25
11/17/17
13:25
General news
An exodus from U.S. high yield debt this week »

An exodus from U.S. high…

STBZ

State Bank Financial

$28.69

0.21 (0.74%)

13:25
11/17/17
11/17
13:25
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13:25
Conference/Events
State Bank Financial participates in a conference call with SunTrust »

Suntrust Bank Analyst…

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  • 17

    Nov

HIBB

Hibbett Sports

$14.85

0.8 (5.69%)

13:24
11/17/17
11/17
13:24
11/17/17
13:24
Recommendations
Hibbett Sports analyst commentary  »

Hibbett Sports price…

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  • 17

    Nov

FL

Foot Locker

$40.18

8.33 (26.15%)

13:23
11/17/17
11/17
13:23
11/17/17
13:23
Recommendations
Foot Locker analyst commentary  »

Foot Locker quarter…

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  • 17

    Nov

MS

Morgan Stanley

$48.67

0.065 (0.13%)

13:20
11/17/17
11/17
13:20
11/17/17
13:20
Options
Morgan Stanley calls lead puts 9:1 »

Morgan Stanley calls lead…

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$NSD

NASDAQ Market Internals

13:17
11/17/17
11/17
13:17
11/17/17
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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