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WYNN

Wynn Resorts

$122.42

-0.2 (-0.16%)

, MGM

MGM Resorts

$31.42

0.46 (1.49%)

13:10
05/19/17
05/19
13:10
05/19/17
13:10

Macau gaming regulator comments 'nothing new,' says JPMorgan

After local Chinese media quoted Paulo Chan, the director of Macau's gaming regulator, as having said that existing casino operators will have to "re-bid" for their concessions, JP Morgan analyst DS Kim said earlier that "this is nothing new" as he believes Chan was just clarifying legal terminology and statutory facts. Chan emphasized there isn't any new development regarding gaming concessions, which Kim thinks is the message he wanted to convey. Kim also said in a note issued prior to the open that his view remains that all six existing licenses will be renewed and no new license will be issued.

WYNN

Wynn Resorts

$122.42

-0.2 (-0.16%)

MGM

MGM Resorts

$31.42

0.46 (1.49%)

LVS

Las Vegas Sands

$57.10

0.25 (0.44%)

MLCO

Melco Resorts & Entertainment

$20.99

-0.27 (-1.27%)

  • 31

    May

WYNN Wynn Resorts
$122.42

-0.2 (-0.16%)

05/12/17
05/12/17
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. Tiffany (TIF) upgraded to Buy from Neutral at Goldman Sachs analyst Lindsay Drucker Mann saying the luxury category is improving amid higher international tourist spending and a "firming" high-end U.S. consumer. 2. Bed Bath & Beyond (BBBY) upgraded to Hold from Sell at Loop Capital with analyst Anthony Chukumba citing valuation, not a more bullish view of the company's fundamentals, for the upgrade. 3. Chemours (CC) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the stock's multiple can expand given the company's longer-term growth opportunities. Chemours has a proprietary set of "very profitable newer generation refrigerants with patent lives extending to 2022 with excellent growth potential," Zekauskas tells investors in a research note. He raised his price target for the shares to $50 from $39. 4. TripAdvisor (TRIP) upgraded to Long-Term Buy from Neutral at Hilliard Lyons with analyst Stephen Turner citing improving underlying performance following the first quarter report. 5. Wynn Resorts (WYNN) and Las Vegas Sands (LVS) were upgraded to Overweight from Equal Weight at Barclays. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/12/17
05/12/17
UPGRADE

Overweight
Las Vegas Sands, Wynn Resorts upgraded on Macau recovery at Barclays
As previously reported, Barclays analyst Felicia Hendrix upgraded both Las Vegas Sands (LVS) and Wynn Resorts (WYNN), each to Overweight from Equal Weight, citing the recovery in Macau, which she now believes is sustainable. The Macau gaming market has been picking up steam, having posted four consecutive quarters of mass market GGR growth, and Hendrix sees this as the early stages of a multi-year growth cycle, she tells investors. The analyst, who raised her price target on Las Vegas Sands to $68 from $55 and on Wynn to $144 from $87, also keeps an unchanged Overweight rating and $34 target on casino peer MGM Resorts (MGM).
05/12/17
LEHM
05/12/17
UPGRADE
LEHM
Overweight
Wynn Resorts upgraded to Overweight from Equal Weight at Barclays
04/26/17
04/26/17
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. Big Lots (BIG) upgraded to Strong Buy from Market Perform at Raymond James with analyst Dan Wewer saying all productivity metrics continue to improve as the company has pruned back underperforming stores and has focused on sales, productivity, EBIT%, ROIC, FCF, dividend growth, and buybacks. Wewer notes Big Lots' short interest has reached 33% and could be a benefit as the company delivers on on earnings and guidance. 2. Dynegy (DYN) upgraded to Hold from Sell at Deutsche Bank with analyst Abe Aza citing a balanced risk/reward with the stock down 30% since February's "disappointing" New England capacity auction results. The analyst raised his price target for the shares to $7 from $6. 3. L Brands (LB) upgraded to Buy on core comp, margin opportunity at Buckingham with the firm saying the worst of trends at Victoria's Secret are past and believes core comps and margin can improve going forward. 4. Wynn Resorts (WYNN) upgraded to Buy from Hold at Union Gaming. 5. BHP Billiton (BHP) upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MGM MGM Resorts
$31.42

0.46 (1.49%)

04/25/17
MSCO
04/25/17
NO CHANGE
MSCO
Macau forecasts raised at Morgan Stanley
Morgan Stanley analyst Thomas Allen raised Macau estimates to reflect stronger Q1 momentum, driven by the VIP segment, and increased confidence in infrastructure, such as the Taipa ferry terminal opening. As a result, the analyst raised Wynn Resorts price target to $130 from $124 and continues to believe it has the most upside versus consensus, raised Las Vegas Sands (LVS) price target to $58 from $57, and increased MGM Resorts' price target to $31 from $30.
03/08/17
STFL
03/08/17
NO CHANGE
STFL
MGM Resorts decline caused by several factors, says Stifel
Stifel analyst Steven Wieczynski blames yesterday's decline in MGM's stock on the company's statement that President Trump's travel ban "created some noise in Strip lodging trends during January and February.," a decline in National Harbor's win rate in February versus January, and the North Korea missile launch. However, the analyst notes that March has been more encouraging in Vegas so far, and he keeps a Buy rating on the shares.
03/28/17
WOLF
03/28/17
INITIATION
Target $32
WOLF
Outperform
MGM Resorts initiated with an Outperform at Wolfe Research
Wolfe Research initiated MGM Resorts with an Outperform and a $32 price target.
LVS Las Vegas Sands
$57.10

0.25 (0.44%)

05/12/17
LEHM
05/12/17
UPGRADE
LEHM
Overweight
Las Vegas Sands upgraded to Overweight from Equal Weight at Barclays
04/28/17
SUSQ
04/28/17
NO CHANGE
Target $69
SUSQ
Positive
Las Vegas Sands price target raised to $69 from $63 at Susquehanna
Susquehanna analyst Rachel Rothman raised her price target on Las Vegas Sands to $69 from $63 following solid Q1 results. The analyst cited the company's organic growth in Macau, free cash flow deployment, global portfolio and a bullish long-term outlook. Rothman reiterated her Positive rating on Las Vegas Sands shares.
MLCO Melco Resorts & Entertainment
$20.99

-0.27 (-1.27%)

04/24/17
UGAM
04/24/17
UPGRADE
UGAM
Buy
Melco Resorts & Entertainment upgraded to Buy from Hold at Union Gaming

TODAY'S FREE FLY STORIES

FIT

Fitbit

$5.61

-0.15 (-2.60%)

08:45
07/24/17
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08:45
Options
Largest borrow rate increases among liquid names »

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  • 02

    Aug

SPI

SPI Energy

$0.54

-0.047 (-8.01%)

08:44
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Hot Stocks
SPI Energy says Nasdaq grants request to extend stay of suspension in trading »

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IBIO

iBio

$0.32

-0.006 (-1.82%)

08:43
07/24/17
07/24
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08:43
Hot Stocks
iBio enters into stock purchase agreement for up to $16M with LPC »

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CYTX

Cytori Therapeutics

$1.11

-0.01 (-0.89%)

08:43
07/24/17
07/24
08:43
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08:43
Conference/Events
Cytori Therapeutics to hold a conference call »

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BOH

Bank of Hawaii

$81.45

-0.52 (-0.63%)

08:42
07/24/17
07/24
08:42
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08:42
Earnings
Bank of Hawaii reports Q2 EPS $1.05, consensus $1.03 »

Loan and lease balances…

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  • 24

    Jul

JCP

J.C. Penney

$5.08

0.08 (1.60%)

, AAPL

Apple

$150.27

-0.07 (-0.05%)

08:40
07/24/17
07/24
08:40
07/24/17
08:40
Hot Stocks
J.C. Penney now accepts Apple Pay at all stores »

JCPenney (JCP) has rolled…

JCP

J.C. Penney

$5.08

0.08 (1.60%)

AAPL

Apple

$150.27

-0.07 (-0.05%)

03/08/13
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  • 01

    Aug

WWD

Woodward

$68.55

-0.87 (-1.25%)

08:39
07/24/17
07/24
08:39
07/24/17
08:39
Conference/Events
Woodward management to meet with Oppenheimer »

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  • 24

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    Jul

SILC

Silicom

$51.37

0.96 (1.90%)

08:38
07/24/17
07/24
08:38
07/24/17
08:38
Conference/Events
Silicom management to meet with Needham »

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  • 24

    Jul

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  • 01

    Aug

OTIV

On Track Innovations

$1.47

0.025 (1.74%)

08:38
07/24/17
07/24
08:38
07/24/17
08:38
Hot Stocks
On Track Innovations' Uno-8 contactless reader granted EMVCo Modular approval »

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  • 09

    Aug

FNJN

Finjan Holdings

08:38
07/24/17
07/24
08:38
07/24/17
08:38
Hot Stocks
Finjan Holdings says oral arguments to be heard at Court of Appeals on Sep. 8 »

Finjan Holdings (FNJN),…

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POL

PolyOne

$38.46

-0.18 (-0.47%)

08:37
07/24/17
07/24
08:37
07/24/17
08:37
Conference/Events
PolyOne management to meet with Northcoast »

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  • 25

    Jul

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  • 01

    Aug

ARNC

Arconic

$25.21

0.46 (1.86%)

08:37
07/24/17
07/24
08:37
07/24/17
08:37
Earnings
Arconic sees FY17 EPS $1.15-$1.20, consensus $1.16 »

The company adjusted 2017…

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  • 24

    Jul

HIFR

InfraREIT

$19.90

0.2 (1.02%)

08:37
07/24/17
07/24
08:37
07/24/17
08:37
Hot Stocks
Breaking Hot Stocks news story on InfraREIT 

InfraREIT trading resumes…

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  • 02

    Aug

SLB

Schlumberger

$66.53

-0.49 (-0.73%)

08:36
07/24/17
07/24
08:36
07/24/17
08:36
Recommendations
Schlumberger analyst commentary  »

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MED

Medifast

$42.11

0.28 (0.67%)

08:36
07/24/17
07/24
08:36
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08:36
Hot Stocks
Medifast: Take Shape For Life rebrands to OPTAVIA »

Medifast announced its…

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  • 08

    Aug

P

Pandora

$9.47

0.33 (3.61%)

, AAPL

Apple

$150.27

-0.07 (-0.05%)

08:36
07/24/17
07/24
08:36
07/24/17
08:36
Periodicals
Spotify near new licensing pact with Warner Music, Reuters reports »

Spotify and Warner Music…

P

Pandora

$9.47

0.33 (3.61%)

AAPL

Apple

$150.27

-0.07 (-0.05%)

03/08/13
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03/06/13
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  • 31

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  • 05

    Sep

HIFR

InfraREIT

$19.90

0.2 (1.02%)

08:35
07/24/17
07/24
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08:35
Hot Stocks
InfraREIT announces agreement regarding dismissal of pending rate case »

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  • 02

    Aug

DMPI

DelMar Pharmaceuticals

$2.08

0.11 (5.58%)

08:34
07/24/17
07/24
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08:34
Hot Stocks
DelMar Pharmaceuticals: HGRAC approves safety, efficacy study of VAL-083 »

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NVCR

Novocure

08:34
07/24/17
07/24
08:34
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08:34
Conference/Events
Novocure management to meet with JMP Securities »

Meeting to be held in New…

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  • 27

    Jul

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    Jul

ALV

Autoliv

$106.78

-9.11 (-7.86%)

08:34
07/24/17
07/24
08:34
07/24/17
08:34
Recommendations
Autoliv analyst commentary  »

Autoliv has reached…

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  • 14

    Sep

LMAT

LeMaitre

$28.31

-0.89 (-3.05%)

08:33
07/24/17
07/24
08:33
07/24/17
08:33
Conference/Events
LeMaitre management to meet with Craig Hallum »

Meeting to be held in New…

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  • 27

    Jul

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    Jul

ARNC

Arconic

$25.21

0.46 (1.86%)

08:33
07/24/17
07/24
08:33
07/24/17
08:33
Earnings
Arconic reports Q2 EPS ex-items 32c, consensus 26c »

Reports Q2 revenue $3.3B,…

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  • 24

    Jul

WU

Western Union

$19.09

0.01 (0.05%)

, BP

BP

$34.68

-0.42 (-1.20%)

08:33
07/24/17
07/24
08:33
07/24/17
08:33
Hot Stocks
Western Union announces agreement with BP Australia »

The Western Union Company…

WU

Western Union

$19.09

0.01 (0.05%)

BP

BP

$34.68

-0.42 (-1.20%)

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  • 03

    Aug

GRA

W.R. Grace

$72.17

1.12 (1.58%)

08:33
07/24/17
07/24
08:33
07/24/17
08:33
Conference/Events
W.R. Grace management to meet with Seaport Global »

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  • 27

    Jul

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  • 01

    Aug

PFE

Pfizer

$33.48

-0.06 (-0.18%)

08:32
07/24/17
07/24
08:32
07/24/17
08:32
Hot Stocks
Pfizer says Reflections B7391003 study met primary objective »

Pfizer announced that the…

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