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ADSK

Autodesk

$95.83

1.86 (1.98%)

, MCK

McKesson

$153.19

11.75 (8.31%)

09:55
05/19/17
05/19
09:55
05/19/17
09:55

Early notable gainers among liquid option names on May 19th

Notable gainers among liquid option names this morning include Autodesk (ADSK) $110.33 +14.52, McKesson (MCK) $154.63 +13.20, Deere (DE) $120.20 +7.58, NRG Energy (NRG) $15.97 +0.72, and Synchrony (SYF) $27.53 +1.04.

ADSK

Autodesk

$95.83

1.86 (1.98%)

MCK

McKesson

$153.19

11.75 (8.31%)

DE

Deere

$120.88

8.21 (7.29%)

NRG

NRG Energy

$15.99

0.75 (4.92%)

SYF

Synchrony

$27.59

1.09 (4.11%)

  • 19

    May

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    May

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    May

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    May

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    May

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    May

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    May

  • 01

    Jun

  • 14

    Jun

ADSK Autodesk
$95.83

1.86 (1.98%)

05/19/17
RBCM
05/19/17
UPGRADE
RBCM
Outperform
Autodesk upgraded after results at RBC Capital
As noted earlier, RBC Capital upgraded Autodesk to Outperform from Sector Perform. Analyst Mathhew Hedberg says he has increased confidence in the transition of the company's business model after it reported stronger than expected Q1 results. Target to $125 from $95.
05/19/17
FBCO
05/19/17
NO CHANGE
Target $120
FBCO
Outperform
Autodesk price target raised to $120 from $115 at Credit Suisse
Credit Suisse analyst Michael Nemeroff raised his price target on Autodesk to $120 from $115 after the company's Q1 results came in well above expectations, noting that he expects annualized recurring revenue growth to accelerate over the next three to four quarters or longer. He keeps an Outperform rating on Autodesk shares, adding that he sees multiple levers for management to achieve their revenue and subscriptions guidance.
05/19/17
ADAM
05/19/17
NO CHANGE
Target $120
ADAM
Buy
Autodesk price target raised to $120 from $105 at Canaccord
Canaccord analyst Richard Davis raised his price target on Autodesk to $120 from $105 following Q1 results. The analyst said the company's transition continued as expected, which has now put free cash flow on a $6.00+ trajectory by 2019, making the new price target less aggressive than it may seem. Davis reiterated his Buy rating on Autodesk shares.
05/19/17
GSCO
05/19/17
NO CHANGE
Target $120
GSCO
Buy
Autodesk price target raised to $120 from $105 at Goldman Sachs
Goldman analyst Heather Bellini raised Autodesk's price target to $120 from $105 following the Q1 beat driven by better operating margins. The analyst said net adds and ARR beats should provide increased confidence in Autodesk's ability to reach long-term goals. Bellini rates Autodesk a Buy.
MCK McKesson
$153.19

11.75 (8.31%)

05/17/17
JEFF
05/17/17
INITIATION
Target $153
JEFF
Hold
McKesson initiated with a Hold at Jefferies
Jefferies analyst Brian Tanquilut started McKesson with a Hold rating and $153 price target. The analyst expects accelerating generic drug price deflation and moderating brand drug inflation will continue to pressure the company's growth.
05/19/17
LEER
05/19/17
NO CHANGE
Target $140
LEER
Market Perform
McKesson earnings beat low quality, says Leerink
Leerink analyst David Larsen views McKesson's earnings beat in Q4 as low quality since most of the upside came from a lower tax rate and lower share count. Excluding these two items, the company would have missed consensus by 4c, Larsen tells investors in a research note. While the initial FY18 earnings outlook looks good, management changed the definition of adjusted earnings, the analyst adds. The analyst believes the earnings outlook of $11.75-$12.45 would have been $1.30 lower had the definition not been changed. The business, however, appears to be stabilizing, Larsen adds. He keeps a Market Perform rating on McKesson with a $140 price target.
05/19/17
LEHM
05/19/17
NO CHANGE
Target $174
LEHM
Overweight
McKesson Q4, outlook validate Overweight thesis, says Barclays
Barclays analyst Eric Percher believes McKesson's Q4 results and FY18 outlook commentary validate his thesis that independent channel pricing pressures largely reset by the end of 2016 and distributor volume began to rebound. The analyst notes that when adjusting for certain items, the FY18 adjusted earnings outlook of $11.75-$12.45 modestly beat his estimate. Percher sees catalysts for multiple expansion and reiterates an Overweight rating on McKesson with a $174 price target.
05/19/17
JEFF
05/19/17
NO CHANGE
Target $153
JEFF
Hold
McKesson FY18 guidance is below consensus, says Jefferies
Jefferies analyst Brian Tanquilut says that while McKesson's FY18 guidance came in above consensus on the surface, a deeper look suggests that absent a $200M deferred revenue adjustment for Change Healthcare and a lower tax rate, the apples-to-apples comparison was an earnings per share outlook of $10.81-$11.51 versus the $11.45 consensus. On an apples-to-apples basis, the earnings guidance is below consensus, Tanquilut tells investors in a post-earnings research note. He keeps a Hold rating on McKesson. The stock in premarket trading is up 8% to $153.00.
DE Deere
$120.88

8.21 (7.29%)

04/11/17
STFL
04/11/17
INITIATION
STFL
Buy
Deere initiated at Stifel
As noted earlier, Stifel started coverage of Deere with a $126 price target and a Buy rating. Analyst Stanley Elliott thinks that "many" of the company's markets "appear to be firming," while its core agricultural market has bottomed. The analyst believes that the recovery of its markets along with its cost cutting should enable its results to improve "considerably" in 2018. Target $126.
04/12/17
WELS
04/12/17
NO CHANGE
WELS
Construction equipment checks positive, says Wells Fargo
After speaking with 20 US construction equipment dealers, Wells Fargo says that "most feedback was positive outside of new equipment pricing." However, the firm says that Caterpillar (CAT) and Komatsu dealers indicated that they will eliminate 0% financing after the current quarter. The firm thinks that this information, along with "positive used equipment pricing trends," indicates that "new equipment pricing could become less bad during 2H17." Wells says that its checks are positive for Caterpillar (CAT), Deere (DE), Cummins (CMI), Eaton (WTN), and Parker-Hannifin (PH)
05/01/17
JPMS
05/01/17
UPGRADE
Target $10
JPMS
Neutral
CNH Industrial upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Ann Duignan upgraded CNH Industrial (CNHI) to Neutral following the company's Q1 results and raised her price target for the shares to $10 from $8. European fundamentals are not as bad as anticipated while Latin America production continues to rise, the analyst contends. Duignan this morning also upgraded AGCO (AGCO) to Neutral and kept an Underweight rating on Deere (DE). She raised her price target for Deere shares to $94 from $90.
05/09/17
CLVD
05/09/17
NO CHANGE
CLVD
Neutral
Deere ag dealer survey sees growth for first time in 3 years, says Cleveland
Cleveland Research analyst Adam Uhlman said a recently completed Deere North American ag equipment dealer survey indicates demand over the last three months was up 2% year-over-year, up from the 3% average sales decline reported last quarter and the first quarter of sales growth since Q1 2014. The analyst is incrementally positive on North American agriculture equipment fundamentals with dealers returning to growth and sees upside to Deere on improvements in global agriculture equipment markets and North American construction demand. Uhlman rates Deere a Neutral but said shares could trade to $130 level near-term.
NRG NRG Energy
$15.99

0.75 (4.92%)

03/29/17
GSCO
03/29/17
UPGRADE
Target $26
GSCO
Buy
NRG Energy upgraded to Buy from Neutral at Goldman
Goldman Sachs analyst Michael Lapides upgraded NRG Energy to Buy and raised his price target for the shares to $26 from $13. The analyst expects NRG's portfolio management and cost savings to unlock value.
02/24/17
SBSH
02/24/17
UPGRADE
Target $20
SBSH
Buy
NRG Energy upgraded to Buy from Neutral at Citi
Citi analyst Praful Mehta upgraded NRG Energy to Buy saying the company has a "significant opportunity" to cut costs. Mehta believes NRG can cut up to $550M annually of costs and upped his price target for the shares to $20 from $13.50.
02/15/17
02/15/17
DOWNGRADE

Equal Weight
NRG Yield downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley downgraded NRG Yield (NYLD) to Equal Weight from Overweight and lowered its price target to $21 from $30. Analyst Stephen Boyd believes the market will price in a likely sale of NRG Yield as NRG Energy's (NRG) Business Review Committee looks to cut costs and simplify its business model.
05/11/17
DBAB
05/11/17
NO CHANGE
Target $14
DBAB
Buy
Calpine unlikely to go private above $16 per share, says Deutsche Bank
Deutsche Bank analyst Abe Azar sees few strategic acquirers for Calpine (CPN), making going private or remaining public the most likely outcomes in his view. The Wall Street Journal reported yesterday that the company is exploring a sale. Market power issues in Texas make a combination with Vistra Energy (VST) or NRG Energy (NRG) unlikely, and while PSEG (PEG) and Exelon (EXC) could afford buying Calpine, such a deal would be a shift in strategy for both. The analyst finds it unlikely that a go-private deal gets done much north of $16 per share. He believes, however, that a mid-teens per share takeout is possible "with some creative structuring." Even without a deal, Calpine offers value based on its cash flow profile, Azar contends. The analyst reiterates a Buy rating on Calpine with a $14 price target.
SYF Synchrony
$27.59

1.09 (4.11%)

05/01/17
05/01/17
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. Booz Allen (BAH), L3 Technologies (LLL), and Harris (HRS) downgraded to Equal Weight from Overweight at Barclays. 2. Synchrony (SYF) downgraded to Neutral from Conviction Buy at Goldman Sachs and to Equal Weight from Overweight at Stephens. 3. Regions Financial (RF) downgraded to Neutral from Outperform at Wedbush with analyst Peter Winter saying a number of the company's businesses are generating lower than expected revenue, while the bank could be hurt by pressure on Treasury yields. 4. Thomson Reuters (TRI) downgraded to Hold from Buy at Canaccord with analyst Aravinda Galappatthige citing valuation and maintained a $47 price target. 5. FirstEnergy (FE) downgraded to In Line from Outperform at Evercore ISI and to Neutral from Overweight at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/03/17
GUGG
05/03/17
DOWNGRADE
GUGG
Neutral
Synchrony downgraded to Neutral from Buy at Guggenheim
05/19/17
WELS
05/19/17
NO CHANGE
WELS
Wells downgrades Credit Card sector on credit concerns
Wells Fargo analyst Jason Harbes downgraded his rating on the Credit Card space to Market Weight from Overweight after attending Card Forum 2017 in Austin, Texas. The analyst keeps Overweight ratings on Synchrony (SYF) and Discover (DFS) and Market Perform ratings on American Express (AXP) and Capital One (COF). Credit trends have recently deteriorated primarily due to weaker underwriting, Harbes tells investors in a research note. The analyst is also concerned about slowing receivables growth following an extended period of acceleration from 2012-2016. He lowered his price target for Synchrony to $30 from $35, for Discover to $70 from $80 and for Capital One to $85 from $88. The analyst keeps an $80 target on American Express.
05/19/17
WELS
05/19/17
NO CHANGE
WELS
Credit card sector lowered to Market Weight from Overweight at Wells Fargo
Wells Fargo cut its rating on the credit card sector to Market Weight from Overweight. The firm noted that the sector's net chargeoffs increased to 3.6% last quarter, representing a four year high. The firm is also worried about slowing receivables growth and increased competition in the space. Despite the downgrade, it continues to recommend Discover (DFS) and Synchrony (SYF). It lowered its price target on Discover to $70 from $80 and cut its price target on Synchrony to $30 from $35. It keeps Market Perform ratings on American Express (AXP) and Capital One (COF).

TODAY'S FREE FLY STORIES

DE

Deere

$147.68

2.43 (1.67%)

, SAN

Banco Santander

$6.62

0.155 (2.40%)

10:01
11/24/17
11/24
10:01
11/24/17
10:01
Recommendations
On The Fly: Top five analyst actions »

Catch up on today's…click here.

DE

Deere

$147.68

2.43 (1.67%)

SAN

Banco Santander

$6.62

0.155 (2.40%)

TSU

Tim Participacoes

$19.28

0.53 (2.83%)

GRFS

Grifols

$23.04

-0.13 (-0.56%)

ZTO

ZTO Express

$16.17

-0.84 (-4.94%)

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

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  • 28

    Nov

SPY

SPDR S&P 500 ETF Trust

$260.24

0.4811 (0.19%)

10:00
11/24/17
11/24
10:00
11/24/17
10:00
Options
42K SPYders Jan 240 - 250 put spreads sold at 73c, untied »

42K SPYders Jan 240 - 250…

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

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10:00
11/24/17
11/24
10:00
11/24/17
10:00
General news
U.S. November Markit manufacturing PMI fell 0.8 points to 53.8 »

U.S. November Markit…

EFX

Equifax

$109.96

0.15 (0.14%)

09:56
11/24/17
11/24
09:56
11/24/17
09:56
Conference/Events
Equifax management to meet with Evercore ISI »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 29

    Nov

  • 14

    Dec

M

Macy's

$21.18

0.55 (2.67%)

, DVA

DaVita

$56.72

1.33 (2.40%)

09:55
11/24/17
11/24
09:55
11/24/17
09:55
Options
Early notable gainers among liquid option names on November 24th »

Notable gainers among…

M

Macy's

$21.18

0.55 (2.67%)

DVA

DaVita

$56.72

1.33 (2.40%)

KSS

Kohl's

$45.31

0.68 (1.52%)

HES

Hess Corp.

$44.08

0.63 (1.45%)

GPS

Gap

$29.55

0.38 (1.30%)

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

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  • 18

    Mar

TSLA

Tesla

$312.60

-5.21 (-1.64%)

09:52
11/24/17
11/24
09:52
11/24/17
09:52
Hot Stocks
Tesla lists base price of 300 mile range Semi at $150,000 »

Tesla on its website…

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

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  • 16

    Jan

OSTK

Overstock.com

$61.05

0.6 (0.99%)

09:51
11/24/17
11/24
09:51
11/24/17
09:51
Technical Analysis
Technical View: Overstock.com spikes sharply to new 52-week high »

The stock briefly hit a…

03/08/13
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03/06/13
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03/06/13
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JPM

JPMorgan

$98.68

0.04 (0.04%)

, CME

CME Group

$141.87

-0.71 (-0.50%)

09:50
11/24/17
11/24
09:50
11/24/17
09:50
Hot Stocks
The Intersection: Crypto and Wall Street This Week »

As bitcoin, ethereum and…

JPM

JPMorgan

$98.68

0.04 (0.04%)

CME

CME Group

$141.87

-0.71 (-0.50%)

MS

Morgan Stanley

$49.23

0.14 (0.29%)

MCD

McDonald's

$169.23

0.1804 (0.11%)

AMD

AMD

$11.37

-0.03 (-0.26%)

NVDA

Nvidia

$214.93

-1.12 (-0.52%)

GBTC

Bitcoin Investment Trust

$995.00

23.8 (2.45%)

BITCOIN

Bitcoin

BTC

Bitcoin

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

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  • 27

    Nov

  • 09

    Jan

  • 27

    Feb

  • 13

    Apr

  • 14

    Jul

  • 12

    Oct

09:42
11/24/17
11/24
09:42
11/24/17
09:42
General news
S&P 500 rises to all time high at start of holiday-shortened session »

Investors returning from…

STAG

STAG Industrial

09:41
11/24/17
11/24
09:41
11/24/17
09:41
Conference/Events
STAG Industrial management to meet with Evercore ISI »

Meeting to be held in…

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

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  • 28

    Nov

  • 14

    Dec

ETE

Energy Transfer Equity

, QCOM

Qualcomm

$68.13

1.46 (2.19%)

09:40
11/24/17
11/24
09:40
11/24/17
09:40
Options
Unusually active option classes on open November 24th »

Unusual total active…

ETE

Energy Transfer Equity

QCOM

Qualcomm

$68.13

1.46 (2.19%)

TEVA

Teva

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

    Mar

COP

ConocoPhillips

09:39
11/24/17
11/24
09:39
11/24/17
09:39
Conference/Events
ConocoPhillips management to meet with Evercore ISI »

Meeting to be held in…

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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  • 28

    Nov

  • 29

    Nov

QD

Qudian

09:37
11/24/17
11/24
09:37
11/24/17
09:37
Recommendations
Qudian analyst commentary  »

Qudian price target…

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

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MET

MetLife

09:37
11/24/17
11/24
09:37
11/24/17
09:37
Conference/Events
MetLife management to meet with Evercore ISI »

Meeting to be held in…

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

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  • 28

    Nov

  • 15

    Dec

SOLVY

Solvay

09:35
11/24/17
11/24
09:35
11/24/17
09:35
Conference/Events
Solvay management to meet with Evercore ISI »

Meetings to be held in…

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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  • 28

    Nov

SPY

SPDR S&P 500 ETF Trust

, SPX

S&P 500

09:34
11/24/17
11/24
09:34
11/24/17
09:34
Technical Analysis
Technical View: S&P 500 edges new life high, pivot high broken »

The S&P 500 (SPX) was…

SPY

SPDR S&P 500 ETF Trust

SPX

S&P 500

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

Grifols

$23.04

-0.13 (-0.56%)

09:33
11/24/17
11/24
09:33
11/24/17
09:33
Downgrade
Grifols rating change  »

Grifols downgraded to…

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

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BMA

Banco Macro

09:32
11/24/17
11/24
09:32
11/24/17
09:32
Downgrade
Banco Macro rating change  »

Banco Macro downgraded to…

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

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TSU

Tim Participacoes

09:32
11/24/17
11/24
09:32
11/24/17
09:32
Upgrade
Tim Participacoes rating change  »

Tim Participacoes…

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

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09:30
11/24/17
11/24
09:30
11/24/17
09:30
General news
PMI Composite Flash â€' Level to be reported at 09:45 »

November PMI Composite…

09:30
11/24/17
11/24
09:30
11/24/17
09:30
General news
PMI Composite Flash Manufacturing â€' Level to be reported at 09:45 »

November PMI Composite…

DSX

Diana Shipping

09:25
11/24/17
11/24
09:25
11/24/17
09:25
Hot Stocks
Diana Shipping announces time charter contract for m/v Norfolk »

Diana Shipping announced…

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

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LAUR

Laureate Education

$11.63

0.22 (1.93%)

09:25
11/24/17
11/24
09:25
11/24/17
09:25
Recommendations
Laureate Education analyst commentary  »

Laureate received…

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

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CPRT

Copart

$41.01

4.31 (11.74%)

09:23
11/24/17
11/24
09:23
11/24/17
09:23
Recommendations
Copart analyst commentary  »

Copart price target…

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

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  • 19

    Dec

SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

09:18
11/24/17
11/24
09:18
11/24/17
09:18
Options
Overnight activity included 97 trades in SPX and 9 trades in VIX »

97 trades were executed…

SPX

S&P 500

VIX

Volatility Index S&P 500 Options

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

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