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HD

Home Depot

$148.88

0.16 (0.11%)

10:31
04/21/17
04/21
10:31
04/21/17
10:31

Hefty call spread in Home Depot

Hefty call spread in Home Depot. The stock off 18c to $148.54 and 15.3K Jun 155 - 160 call spreads bought to open for 95c. The new position offers a max payout if shares rally 7.7% to $160, or better, through the June expiration. Earnings set for 5/16.

HD Home Depot
$148.88

0.16 (0.11%)

04/18/17
MSCO
04/18/17
NO CHANGE
MSCO
Contractor survey indicates strength in home improvement, says Morgan Stanley
Morgan Stanley analysts led by Vincent Andrews said the firm's recent contractor survey indicates strong home improvement trends over the last 3 months and points to an optimistic outlook ahead for the Spring season. The analyst said results support a constructive view for Home Depot (HD), Lowe's (LOW), and Sherwin-Williams (SHW).
03/02/17
UBSW
03/02/17
NO CHANGE
Target $91
UBSW
Buy
Lowe's has favorable setup for coming year, says UBS
UBS analyst Michael Lasser said Lowe's (LOW) has a favorable setup for the coming year. He cited the company's growth in higher comp items versus Home Depot (HD) in six of the past 10 quarters. Lasser said the growth, coupled with continued momentum in its Pro business, improved execution, and a favorable macro backdrop, sets the company up well. Lasser reiterated his Buy rating and raised his price target to $91 from $85 on Lowe's shares.
02/23/17
02/23/17
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. Home Depot (HD) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Simeon Gutman stating that he now has a more robust view of home improvement industry growth after the firm's deep dive analysis suggested the housing recovery is in the "middle innings," not the "8th/9th" inning as the consensus suggests. Additionally, rising rates may take even longer to impact home improvement spending in this cycle, Gutman contends. 2. Square (SQ) upgraded to Buy from Neutral at BTIG with analyst Mark Palmer saying the company's fourth quarter results confirm an upturn in the trajectory of the company's profitable growth. The analyst believes a "fuller valuation is merited" and set a $20 price target for the shares. 3. Roper Technologies (ROP) upgraded to Buy from Hold at Argus with analysts Stephen Biggar and Deborah Ciervo saying that the company reported "strong" fourth quarter results. They expect the company's earnings to rise significantly this year, "driven by strong prospects in the RF Technology segment, contributions from acquisitions, and continued strong order growth." 4. HP Inc. (HPQ) upgraded to Outperform from Sector Perform at FBN Securities. 5. KB Financial Group (KB) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Joon Seok saying it is becoming a major player in the Korean capital markets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/23/17
02/23/17
UPGRADE
Target $165

Overweight
Morgan Stanley says not too late to play housing recovery, upgrades Home Depot
As previously reported, Morgan Stanley analyst Simeon Gutman upgraded Home Depot (HD) to Overweight from Equal Weight, stating that he now has a more robust view of home improvement industry growth after the firm's deep dive analysis suggested the housing recovery is in the "middle innings," not the "8th/9th" inning as the consensus suggests. Additionally, rising rates may take even longer to impact home improvement spending in this cycle, Gutman contends. In addition to the rating change, he raised his price target on Home Depot shares to $165 from $150 and also hiked his target on peer Lowe's (LOW) to $88 from $83 while reiterating an Overweight rating on its shares.

TODAY'S FREE FLY STORIES

NXTM

NxStage Medical

$23.46

0.13 (0.56%)

21:43
06/26/17
06/26
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General news
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BL

BlackLine

$37.80

-0.26 (-0.68%)

20:56
06/26/17
06/26
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Initiation
BlackLine initiated at SunTrust »

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ULTI

Ultimate Software

$221.91

-0.25 (-0.11%)

20:56
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Initiation
Ultimate Software initiated at SunTrust »

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CRM

Salesforce

$88.11

-0.51 (-0.58%)

20:56
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Initiation
Salesforce initiated at SunTrust »

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EVBG

Everbridge

$24.66

-0.3 (-1.20%)

20:56
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Initiation
Everbridge initiated at SunTrust »

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RNG

RingCentral

$37.65

-1 (-2.59%)

20:56
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Initiation
RingCentral initiated at SunTrust »

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WK

Workiva

20:56
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06/26
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Initiation
Workiva initiated at SunTrust »

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HUBS

HubSpot

$68.20

-0.7 (-1.02%)

20:56
06/26/17
06/26
20:56
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20:56
Initiation
HubSpot initiated at SunTrust »

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  • 28

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HUBS

HubSpot

$68.20

-0.7 (-1.02%)

20:55
06/26/17
06/26
20:55
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20:55
Initiation
HubSpot initiated at SunTrust »

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  • 28

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QTWO

Q2 Holdings

20:55
06/26/17
06/26
20:55
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20:55
Initiation
Q2 Holdings initiated at SunTrust »

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  • 27

    Jun

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INST

Instructure

$29.55

0.4 (1.37%)

20:55
06/26/17
06/26
20:55
06/26/17
20:55
Initiation
Instructure initiated at SunTrust »

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  • 28

    Jun

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  • 11

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MANH

Manhattan Associates

20:55
06/26/17
06/26
20:55
06/26/17
20:55
Initiation
Manhattan Associates initiated at SunTrust »

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PCTY

Paylocity

$47.39

-1.65 (-3.36%)

20:55
06/26/17
06/26
20:55
06/26/17
20:55
Initiation
Paylocity initiated at SunTrust »

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  • 28

    Jun

  • 29

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  • 11

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SHOP

Shopify

$92.04

-2.44 (-2.58%)

20:55
06/26/17
06/26
20:55
06/26/17
20:55
Initiation
Shopify initiated at SunTrust »

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LH

LabCorp

$152.30

0.68 (0.45%)

20:10
06/26/17
06/26
20:10
06/26/17
20:10
Downgrade
LabCorp rating change at KeyBanc »

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ATXI

Avenue Therapeutics

20:06
06/26/17
06/26
20:06
06/26/17
20:06
Syndicate
Avenue Therapeutics 5.5M share IPO priced at $6.00 »

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  • 27

    Jun

NXPI

NXP Semiconductors

$109.73

-0.25 (-0.23%)

20:05
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NXP Semi collaborates with Shanghai Unicom, roam2free on eSIM solution »

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  • 26

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PDCE

PDC Energy

$42.88

-1.84 (-4.11%)

19:21
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06/26
19:21
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19:21
Hot Stocks
PDC Energy CEO 'disappointed' with Clean Air Act complaint »

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  • 26

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MRIN

Marin Software

$1.18

0.025 (2.17%)

19:17
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Marin Software names Brad Kinnish CFO »

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GM

General Motors

$34.52

0.32 (0.94%)

19:15
06/26/17
06/26
19:15
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19:15
Earnings
General Motors: Previous FY17 EPS view unchanged »

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GM

General Motors

$34.52

0.32 (0.94%)

19:04
06/26/17
06/26
19:04
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19:04
Hot Stocks
General Motors lowers view of 2017 U.S. car industry »

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  • 26

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BLKB

Blackbaud

$89.25

-0.25 (-0.28%)

, CST

CST Brands

$48.54

0.18 (0.37%)

18:56
06/26/17
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18:56
Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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BLKB

Blackbaud

$89.25

-0.25 (-0.28%)

CST

CST Brands

$48.54

0.18 (0.37%)

NSA

National Storage

$22.63

0.22 (0.98%)

ANCUF

Alimentation Couche-Tard

$48.08

1.9887 (4.31%)

03/08/13
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GM

General Motors

$34.52

0.32 (0.94%)

18:52
06/26/17
06/26
18:52
06/26/17
18:52
Hot Stocks
General Motors raises expected Opel sale charge to $5.5B »

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  • 26

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  • 25

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WMT

Wal-Mart

$75.50

0.66 (0.88%)

18:43
06/26/17
06/26
18:43
06/26/17
18:43
Periodicals
Wal-Mart sued for wrongful death of Illinois Uber driver, Reuters reports »

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