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P

Pandora

$8.17

-0.35 (-4.11%)

, SWFT

Swift Transportation

$25.82

0.62 (2.46%)

10:30
06/12/17
06/12
10:30
06/12/17
10:30

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Pandora (P) upgraded to Outperform from Market Perform at FBR Capital with analyst Barton Crockett saying he believes the setup for Pandora "looks enticing" given low investor expectations and the presence of John Malone following the investment by SiriusXM (SIRI). 2. Swift Transportation (SWFT) upgraded to Overweight from Equal Weight at Stephens. 3. Vodafone (VOD) upgraded to Buy from Hold at Argus with analyst John Eade saying he expects it profits to rise over the longer term. 4. Ultra Petroleum (UPL) upgraded to Buy from Hold at Stifel with analyst Michael Scialla saying the company's reorganization has improved its balance sheet and margins, while leaving it "ready to compete." 5. CACI (CACI) upgraded to Outperform from Market Perform at Cowen with analyst Cai von Rumohr citing its 2018 acceleration with strong bookings, the sector upturn, and a favorable risk/reward with support from its near peer-high cash flow yield. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

P

Pandora

$8.17

-0.35 (-4.11%)

SWFT

Swift Transportation

$25.82

0.62 (2.46%)

VOD

Vodafone

$28.46

-0.22 (-0.77%)

UPL

Ultra Petroleum

$11.49

-0.11 (-0.95%)

CACI

CACI

$128.95

5.45 (4.41%)

  • 20

    Jun

  • 22

    Jun

P Pandora
$8.17

-0.35 (-4.11%)

06/12/17
RHCO
06/12/17
NO CHANGE
RHCO
Deal/news has mixed implications for Pandora, says SunTrust
After Pandora (P) announced a $480M investment by Sirius (SIRI), SunTrust analyst Matthew Thornton says that Sirius' presence on Pandora's board will have a positive impact on the latter company. He adds that the new capital should enable Pandora to increase its investments in key areas, However, on the negative side, he notes that Pandora wasn;t sold, while the reported $8 per share offer for Pandora by Sirius, if true, is "unsettling." Additionally, the analyst thinks that a number of Pandora's top shareholders could exit the stock in the wake of the news. However, he keeps a $10.50 per share price target and a Buy rating on Pandora.
06/09/17
EVER
06/09/17
NO CHANGE
EVER
In Line
Terms of Pandora deal look attractive for SiriusXM, says Evercore ISI
After Sirius XM (SIRI) announced an agreement to take the equivalent of a 16% stake in Pandora (P) via the purchase of $480M in Pandora preferred stock, Evercore ISI analyst Vijay Jayant said the terms are attractive to Sirius and he believes the investment makes financial and strategic sense. He does not see this deal limiting Sirius' ability to return capital to shareholders, adding that he continues to view Liberty SiriusXM (LSXMA) as "the best vehicle to get exposure" to Sirius shares. Jayant has an In Line rating on Sirius XM and an Outperform rating on Liberty SiriusXM.
06/12/17
OPCO
06/12/17
DOWNGRADE
OPCO
Perform
Pandora downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Jason Helfstein downgraded Pandora Media (P) to Perform citing a "failure" of his takeout thesis. The capital investment from SiriusXM (SIRI) and Ticketfly will allow Pandora to refocus on its core advertising business, which is the correct strategy, Helfstein tells investors in a research note. He sees share upside to "only" $9.50-$11.00 and removed his $14 price target on the stock. The analyst sees the fundamental turnaround taking time.
06/12/17
FBRC
06/12/17
UPGRADE
Target $11
FBRC
Outperform
Pandora upgraded to Outperform from Market Perform at FBR Capital
FBR Capital analyst Barton Crockett upgraded Pandora Media (P) to Outperform but lowered his price target for the shares to $11 from $14. Oppenheimer this morning downgraded the shares to Perform. Crockett believes the setup for Pandora "looks enticing" given low investor expectations and the presence of John Malone following the investment by SiriusXM (SIRI).
SWFT Swift Transportation
$25.82

0.62 (2.46%)

06/12/17
SPHN
06/12/17
UPGRADE
SPHN
Overweight
Swift Transportation upgraded to Overweight from Equal Weight at Stephens
04/24/17
UBSW
04/24/17
UPGRADE
Target $43
UBSW
Buy
Knight Transportation upgraded to Buy from Neutral at UBS
UBS analyst Thomas Wadewitz upgraded Knight Transportation (KNX) to Buy from Neutral to reflect its acquisition of Swift Transportation (SWFT). His analysis suggests a 20% to 30% multi-year earnings increase and he cited Knight management's record of execution and industry leading performance. Wadewitz raised his price target to $43 from $35 on Knight Transportation shares.
04/13/17
VERT
04/13/17
INITIATION
Target $34
VERT
Buy
Swift Transportation initiated with a Buy at Vertical Research
Vertical Research analyst Brian Konigsberg initiated Swift Transportation with a Buy and a $34 price target. The analyst said his work indicates we are at or near a truckload utilization trough, which history suggests should favor positioning in asset-light companies. However, valuation upside since year-end, a pick up in deal activity and a transitioning competitive landscape in the asset-light arena, leads him to reshuffle a bit. Konigsberg recommends companies with special situations and unrealized earnings power that is set to be "unleashed."
04/17/17
BARD
04/17/17
UPGRADE
Target $36
BARD
Outperform
Knight Transportation upgraded to Outperform at Baird
As previously reported, Baird analyst Benjamin Hartford upgraded Knight Transportation (KNX) to Outperform from Neutral following the pullback in Knight after announcing its merger agreement with Swift Transportation (SWFT). The positive aspects of its merger, coupled with resetting estimates and its attractive risk/reward, are cited by Hartford, who raised his price target to $36 from $35 on Knight Transportation shares.
VOD Vodafone
$28.46

-0.22 (-0.77%)

05/30/17
BERN
05/30/17
UPGRADE
BERN
Outperform
Vodafone upgraded to Outperform from Market Perform at Bernstein
06/01/17
STPT
06/01/17
DOWNGRADE
STPT
Reduce
Vodafone downgraded to Reduce from Accumulate at Standpoint Research
06/12/17
ARGS
06/12/17
UPGRADE
ARGS
Buy
Vodafone upgraded to Buy from Hold at Argus
Argus analyst John Eade says that Vodafone has diversified its offerings over the last five years and now provides "a broad mix of communications services." The analyst adds that its investments over the last two years have "significantly expanded its offerings and strengthened the capability of its network." Given these dynamics, he expects it profits to rise over the longer term. Target $32.
05/19/17
LEHM
05/19/17
DOWNGRADE
LEHM
Equal Weight
Vodafone downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Maurice Patrick downgraded Vodafone to Equal Weight with a 225p price target. The analyst expects intensifying competition to limit the company's free cash flow growth beyond FY18.
UPL Ultra Petroleum
$11.49

-0.11 (-0.95%)

06/12/17
STFL
06/12/17
UPGRADE
STFL
Buy
Ultra Petroleum upgraded to Buy from Hold at Stifel
11/15/16
STFL
11/15/16
UPGRADE
STFL
Buy
CorEnergy upgraded on deal at Stifel
As noted earlier, Stifel upgraded CorEnergy (CORR) to Buy from Hold. Analyst Selman Akyol says that the company's deal with Ultra Petroleum (UPL) reduces the uncertainty facing CorrEnergy. Cor Energy price target to $34 from $27.
11/14/16
RBCM
11/14/16
UPGRADE
RBCM
Sector Perform
CorEnergy upgraded on deal at RBC Capital
As noted earlier, RBC Capital upgraded Cor Energy (CORR) to Sector Perform from Underperform. Analyst TJ Schultz says that the company's deal with Ultra Petroleum (UPL) "eliminates the worst downside scenarios" to CorrEnergy from Ultra's bankruptcy. Cor Energy price target to $30 from $23.
06/12/17
STFL
06/12/17
UPGRADE
STFL
Buy
Ultra Petroleum upgraded on reorganization at Stifel
As noted earlier, Stifel upgraded Ultra Petroleum to Buy from Hold. Analyst Michael Scialla says that the company's reorganization has improved its balance sheet and margins, while leaving it "ready to compete." Target to $16 from $9.
CACI CACI
$128.95

5.45 (4.41%)

06/12/17
COWN
06/12/17
UPGRADE
Target $145
COWN
Outperform
CACI upgraded to Outperform from Market Perform at Cowen
Cowen analyst Cai von Rumohr upgraded CACI to Outperform from Market Perform to reflect its 2018 acceleration with strong bookings, the sector upturn, and a favorable risk/reward with support from its near peer-high cash flow yield. The analyst also believes CACI has a "legitimate shot" at winning the SOFGLSS contract. von Rumohr raised his price target to $145 from $140 on CACI shares.
05/08/17
FBCO
05/08/17
NO CHANGE
Target $153
FBCO
Outperform
CACI price target raised to $153 from $137 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for CACI to $153 from $137 saying that it is currently "the most attractive" of the government services names he covers. Peering out into 2018 and beyond, CACI seems to have both limited exposure to the areas most likely to see budget cuts and greater exposure to areas that would benefit from the administration's stated priorities, he notes. The analyst reiterates an Outperform rating on the shares.
05/05/17
NBLE
05/05/17
UPGRADE
NBLE
Buy
CACI upgraded to Buy from Hold at Noble Financial
03/16/17
VERT
03/16/17
INITIATION
VERT
Buy
CACI initiated with a Buy at Vertical Research
Vertical Research analyst Krishna Sinha started CACI with a Buy rating.

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LPTN

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PGR

Progressive

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TMO

Thermo Fisher

$172.57

-0.32 (-0.19%)

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Thermo Fisher director sells 11,318 shares »

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SMBC

Southern Missouri Bancorp

$31.18

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IEP

Icahn Enterprises

$50.00

-0.2 (-0.40%)

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IEP

Icahn Enterprises

$50.00

-0.2 (-0.40%)

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IEP

Icahn Enterprises

$50.00

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IEP

Icahn Enterprises

$50.00

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NVTA

Invitae

$9.60

0.05 (0.52%)

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NVTA

Invitae

$9.60

0.05 (0.52%)

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MU

Micron

$30.38

0.76 (2.57%)

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INSY

Insys Therapeutics

$9.17

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AKTX

Akari Therapeutics

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JMBA

Jamba

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TGT

Target

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NBEV

New Age Beverages

$3.51

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ATW

Atwood Oceanics

$6.26

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NSRGY

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