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TMUS

T-Mobile

$65.72

1.81 (2.83%)

, SNX

SYNNEX

$108.34

3.0601 (2.91%)

10:23
05/19/17
05/19
10:23
05/19/17
10:23

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 analyst Brett Feldman added T-Mobile (TMUS) to the firm's Conviction Buy List and increased its price target to $81 from $74 based on potential capital returns and upside to subscriber growth forecasts. 2. Jefferies analyst John DiFucci upgraded Palo Alto Networks (PANW) to Buy and raised his price target for the shares to $150 from $130. Palo's recent operational weakness has more to do with a major product cycle than sales execution or increased competition, DiFucci tells investors. 3. Oppenheimer analyst Brian Nagel upgraded Lumber Liquidators (LL) to Outperform saying a "potentially prolonged recovery" is starting to take shape under new management. 4. Raymond James analyst Adam Tindle upgraded SYNNEX (SNX) two notches to Strong Buy from Market Perform and established a $122 price target on shares saying key metrics are "poised to inflect." 5. RBC Capital upgraded Autodesk (ADSK) to Outperform from Sector Perform. Analyst Matthew Hedberg says he has increased confidence in the transition of the company's business model after it reported stronger than expected Q1 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TMUS

T-Mobile

$65.72

1.81 (2.83%)

SNX

SYNNEX

$108.34

3.0601 (2.91%)

ADSK

Autodesk

$95.83

1.86 (1.98%)

LL

Lumber Liquidators

$28.72

2.51 (9.58%)

PANW

Palo Alto Networks

$115.41

1.7 (1.50%)

  • 19

    May

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    May

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    May

  • 01

    Jun

  • 14

    Jun

TMUS T-Mobile
$65.72

1.81 (2.83%)

05/19/17
GSCO
05/19/17
UPGRADE
GSCO
Conviction Buy
T-Mobile upgraded to Conviction Buy from Buy at Goldman Sachs
Godman Sachs analyst Brett Feldman added T-Mobile to the Conviction Buy List and increased its price target to $81 from $74 based on potential capital returns and upside to subscriber growth forecasts. The analyst expects EBITDA and free cash flow growth to accelerate and said the company may be positioned for a series of M&A as US fixed and mobile sectors look to acquire companies that have the ability to deliver converged services.
05/15/17
COWN
05/15/17
NO CHANGE
Target $70
COWN
Outperform
Sprint, T-Mobile merger not a sure thing, says Cowen
Cowen analyst Colby Synesael tells investors the near-term risk in both Sprint (S) and T-Mobile (TMUS) has increased based on the possibility of a deal not happening, the unclear nature of what the deal structure would look like, and the fact that Sprint does not need a deal like it once did. The analyst does not feel a deal between the two is a sure thing. He believes T-Mobile's fundamentals should continue to create shareholder value, while the embedded M&A premium in Sprint shares has created meaningful risk. Synesael rates Sprint Market Perform with a $6.50 target. T-Mobile is rated Outperform with a $70 price target.
04/25/17
OPCO
04/25/17
NO CHANGE
Target $75
OPCO
Outperform
T-Mobile price target raised to $75 from $70 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for T-Mobile to $75 from $70 after the company reported a "strong quarter," with momentum that likely will not require further price reductions, and as he expects stable to increasing prices from its peers. The analyst reiterates an Outperform rating on the shares.
04/24/17
OPCO
04/24/17
NO CHANGE
OPCO
Sprint, DISH the only assets for sale, says Oppenheimer
Oppenheimer analyst Timothy Horan noted that wireless companies will be allowed to discuss M&A, and says he sees Sprint (S) and possibly DISH (DISH) as the only assets for sale. The analyst believes the most likely outcome is for consolidation around the four major wireless providers, something along the lines of Charter (CHTR)/Sprint, T-Mobile (TMUS)/Comcast (CMCSA; CMCSK), Verizon (VZ)/DISH, with AT&T's (T) position "fairly solidified" with DirectTV/Time Warner (TWX). Further, Horan suspects Sprint will be sold first, most likely to Charter, although T-Mobile is a possibility and could be the controlling company/management and likely paying a premium for Sprint.
SNX SYNNEX
$108.34

3.0601 (2.91%)

09/27/16
BMUR
09/27/16
NO CHANGE
Target $124
BMUR
Buy
SYNNEX price target raised to $124 from $108 at Brean Capital
Brean Capital analyst Ananda Baruah raised his price target for SYNNEX to $124 following the company's Q3 results. The company could be in the process of positioning itself for $8.00-$9.00 normalized earnings in 2018, Baruah tells investors in a post-earnings research note. He keeps a Buy rating on the shares.
04/11/17
STFL
04/11/17
UPGRADE
STFL
Buy
SYNNEX upgraded to Buy from Hold at Stifel
04/12/17
STFL
04/12/17
UPGRADE
STFL
Buy
SYNNEX upgraded on valuation at Stifel
As ntoed earleir, Stifel upgraded SYNNEX to Buy from Hold. Analyst Matthew Sheering upgraded the stock on valuation. Target $120.
05/19/17
RAJA
05/19/17
UPGRADE
Target $122
RAJA
Strong Buy
SYNNEX upgraded two notches to Strong Buy at Raymond James
Raymond James analyst Adam Tindle upgraded SYNNEX two notches to Strong Buy from Market Perform and established a $122 price target on shares saying key metrics are "poised to inflect." Tindle said shares have meaningfully underperformed and he sees several potential catalysts ahead that include a acceleration in TTM free cash flow as high inventory is sold, an acceleration in the Hyve business that should drive margins, and double-digit operating margins in FY18 as Concentrix grows into investments. The analyst also sees optionality from corporate tax reform and potential M&A.
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
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.
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.
LL Lumber Liquidators
$28.72

2.51 (9.58%)

05/19/17
OPCO
05/19/17
UPGRADE
Target $34
OPCO
Outperform
Lumber Liquidators upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst Brian Nagel upgraded Lumber Liquidators to Outperform saying a "potentially prolonged recovery" is starting to take shape under new management. Successful, small-cap turnaround plays have tended to make for some of the best retail stocks, Nagel tells investors in a research note. He has a $34 price target for the shares.
05/10/17
05/10/17
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. Yelp (YELP) upgraded to Buy from Neutral at Goldman Sachs and to Market Perform from Underperform at Wells Fargo. 2. Coach (COH) upgraded to Buy from Neutral at Goldman Sachs with analyst Lindsay Drucker Mann saying after its acquisition of Kate Spade (KATE), Coach will be a "relative winner in handbags." 3. Lumber Liquidators (LL) upgraded to Outperform from Neutral at Wedbush with analyst Seth Basham saying that the company has stabilized and is poised to return to growth. 4. Occidental Petroleum (OXY) upgraded to Neutral from Underweight at JPMorgan with analyst Phil Gresh citing valuation with the shares. 5. Depomed (DEPO) upgraded to Neutral from Underweight at Piper Jaffray with analyst David Amsellem saying the multiple is now more appropriate following the post-earnings selloff. The analyst lowered his price target for the shares to $10 from $11. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/10/17
WEDB
05/10/17
UPGRADE
WEDB
Outperform
Lumber Liquidators upgraded on growth outlook at Wedbush
As noted earlier, Wedbush upgraded Lumber Liquidators to Outperform from Neutral. Analyst Seth Basham says that the company has stabilized and is poised to return to growth. Given recent improvements in its comps and "underlying margins," he expects its EPS to rise significantly. The analyst adds that the company has "strong comp drivers" in 2017. Target to $27 from $22.
05/10/17
WEDB
05/10/17
UPGRADE
WEDB
Outperform
Lumber Liquidators upgraded to Outperform from Neutral at Wedbush
PANW Palo Alto Networks
$115.41

1.7 (1.50%)

05/10/17
05/10/17
DOWNGRADE

Palo Alto Networks downgraded to Mixed following checks at OTR Global
As previously reported, OTR Global downgraded Palo Alto Networks to Mixed from Positive. The firm's checks indicate Palo Alto's win rates are weaker quarter-over-quarter while new, lower-cost products are reducing ASPs.
05/15/17
OPCO
05/15/17
NO CHANGE
OPCO
FireEye poised for increased demand after ransomware attack, says Oppenheimer
Oppenheimer analyst Shaul Eyal notes that according to media reports, a global ransomware attack was launched and infected up to 200,000 computers in at least 150 countries on Friday. The analyst believes the "biggest ransomware outbreak ever" could serve as a wake-up call for many organizations and countries delaying a review of their cybersecurity hygiene. In that regard, Eyal believes all cybersecurity vendors under his coverage, namely Check Point (CHKP), CyberArk (CYBR), Fortinet (FTNT), Imperva (IMPV), Mimecast (MIME), Palo Alto Networks (PANW), Splunk (SPLK), Symantec (SYMC), Verint (VRNT), but most notably FireEye (FEYE), are poised for increased demand, particularly in the EMEA region where the attacks were largely focused.
05/19/17
JEFF
05/19/17
UPGRADE
Target $150
JEFF
Buy
Palo Alto Networks upgraded to Buy from Hold at Jefferies
Jefferies analyst John DiFucci upgraded Palo Alto Networks to Buy and raised his price target for the shares to $150 from $130. The cybersecurity vendor closed yesterday down 76c to $113.71. Palo's recent operational weakness has more to do with a major product cycle than sales execution or increased competition, DiFucci tells investors in a research note. He expects the company's business to reaccelerate over the next two quarters. DiFucci finds Palo well positioned for the future development of the cybersecurity market.
05/10/17
OTRG
05/10/17
DOWNGRADE
OTRG
Mixed
Palo Alto Networks downgraded to Mixed from Positive at OTR Global

TODAY'S FREE FLY STORIES

X

U.S. Steel

$20.39

0.9169 (4.71%)

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MOMO

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-0.75 (-1.72%)

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AZO

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$596.00

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HON

Honeywell

$131.63

-0.21 (-0.16%)

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ALXN

Alexion

$115.42

1.58 (1.39%)

14:31
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  • 23

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RBS

RBS

$6.95

0.09 (1.31%)

14:30
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Options
Royal Bank of Scotland sees put buying »

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  • 30

    May

HON

Honeywell

$131.98

0.14 (0.11%)

14:29
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14:29
Hot Stocks
Honeywell says spinoff of aerospace is 'intriguing concept' »

This comment was made…

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  • 31

    May

HON

Honeywell

$132.08

0.235 (0.18%)

14:25
05/23/17
05/23
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14:25
Hot Stocks
Honeywell to shape portfolio changes over next 2-3 years »

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  • 31

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HLF

Herbalife

$69.44

-4 (-5.45%)

14:21
05/23/17
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Technical Analysis: Herbalife falls on report China executive departs »

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BG

Bunge

$80.28

10.21 (14.57%)

14:20
05/23/17
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Options
Newsbots go Bungee jumping this afternoon »

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UTX

United Technologies

$122.18

0.52 (0.43%)

14:18
05/23/17
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Hot Stocks
United Technologies CEO not interested in split »

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  • 23

    May

MOMO

Momo

$42.83

-0.75 (-1.72%)

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  • 23

    May

$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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AIG

AIG

$61.56

0.175 (0.29%)

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A.M. Best affirms AIG credit ratings, removes from under review »

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  • 28

    Jun

BWLD

Buffalo Wild Wings

$150.60

-2 (-1.31%)

14:11
05/23/17
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Technical Analysis: Buffalo Wild Wings trades at session lows »

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HON

Honeywell

$131.96

0.12 (0.09%)

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Honeywell backs FY17 EPS view $6.90-$7.10, consensus $7.09 »

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  • 31

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HON

Honeywell

$131.98

0.14 (0.11%)

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WRB

W. R. Berkley

$67.93

0.26 (0.38%)

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FNB

F.N.B.

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NRG

NRG Energy

$16.10

0.14 (0.88%)

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LOW

Lowe's

$83.11

-0.94 (-1.12%)

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  • 24

    May

BWLD

Buffalo Wild Wings

$150.60

-2 (-1.31%)

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TCO

Taubman Centers

$60.90

0.55 (0.91%)

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CBS

CBS

$61.66

-0.39 (-0.63%)

, SNAP

Snap

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