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APL

Atlas Pipeline Partners

, ADBE

Adobe

$138.05

-4.58 (-3.21%)

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

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Neutral from Buy at Mizuho with analyst Abhey Lamba saying "Enthusiasm" around the upcoming iPhone launch is fully priced in after the stock's year-to-date outperformance. 2. Adobe (ADBE) downgraded to Sell from Hold at Pivotal Research with analyst Brian Wieser citing valuation. 3. Pandora (P) downgraded to Perform from Outperform at Oppenheimer with analyst Jason Helfstein 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. 4. Vantiv (VNTV) downgraded to Sector Weight from Overweight at Pacific Crest with analyst Josh Beck saying "continued retail challenges" could limit fundamental upside. 5. Sanderson Farms (SAFM) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brett Andress citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

APL

Atlas Pipeline Partners

ADBE

Adobe

$138.05

-4.58 (-3.21%)

P

Pandora

$8.17

-0.355 (-4.17%)

VNTV

Vantiv

$62.42

-0.7 (-1.11%)

SAFM

Sanderson Farms

$128.10

2.32 (1.84%)

  • 20

    Jun

APL Atlas Pipeline Partners

ADBE Adobe
$138.05

-4.58 (-3.21%)

06/12/17
PIVT
06/12/17
DOWNGRADE
Target $112
PIVT
Sell
Adobe downgraded to Sell from Hold at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded Adobe to Sell citing valuation. The analyst is positive on the company's fundamentals, but notes the current share price is 20% above his price target of $112, which is raised from $109.
05/02/17
05/02/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Adobe (ADBE) initiated with an Overweight at Barclays. 2. Okta (OKTA) initiated with a Hold at Canaccord, an Overweight at JPMorgan, and a Neutral at Goldman Sachs. 3. Enbridge (ENB) initiated with an Equal Weight at Morgan Stanley. 4. C&J Energy Services (CJ) reinitiated with an Outperform at Credit Suisse and initiated with an Equal Weight at Morgan Stanley. 5. Madison Square Garden (MSG) initiated with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/02/17
LEHM
05/02/17
INITIATION
Target $155
LEHM
Overweight
Adobe initiated with an Overweight at Barclays
Barclays analyst Saket Kalia started Adobe with an Overweight rating and $155 price target. Creative Cloud migration and Marketing Cloud strength should drive 20% growth over the next two years, the analyst contends.
06/09/17
BMOC
06/09/17
NO CHANGE
BMOC
Adobe price target raised to $160 from $140 at BMO Capital
BMO Capital analyst Keith Bachman says that he believes that Adobe "has developed a next generation digital marketing hub." He thinks that this tool gives the company a "sustainable competitive advantage" and "significantly expands its total available market." He continues to identify the stock as his top software/SaaS pick and reiterates an Outperform rating.
P Pandora
$8.17

-0.355 (-4.17%)

06/12/17
06/12/17
UPGRADE
Target $11

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).
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.
06/12/17
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
06/12/17
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. 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.
VNTV Vantiv
$62.42

-0.7 (-1.11%)

02/09/17
JEFF
02/09/17
DOWNGRADE
Target $69
JEFF
Hold
Vantiv downgraded to Hold from Buy at Jefferies
Jefferies analyst Jason Kupferberg downgraded Vantiv to Hold citing the outperformance of shares and his belief that the peak of organic growth has likely passed. Sentiment has very limited room for improvement, Kupferberg tells investors in a research note. He raised his price target for the shares to $69 from $65.
04/12/17
ATLE
04/12/17
INITIATION
Target $74
ATLE
Overweight
Vantiv initiated with an Overweight at Atlantic Equities
Atlantic Equities analyst Kunaal Malde initiated Vantiv with an Overweight and a $74 price target. Malde said Vantiv is well positioned to continue outperforming in merchant services, while he models low growth in its smaller but highly profitable issuer business, and views valuation as attractive.
04/25/17
04/25/17
NO CHANGE

Vantiv Q1 results could beat expectations, says Pacific Crest
Pacific Crest analyst Josh Beck says that Vantiv could deliver "modest beat and raise" Q1 results, since checks on the company "remain strong." The analyst expects the company to benefit from its "heavy...skew" towards nondiscretionary items. He keeps an Overweight rating on the shares.
06/12/17
06/12/17
DOWNGRADE

Sector Weight
Vantiv downgraded to Sector Weight from Overweight at Pacific Crest
Pacific Crest analyst Josh Beck downgraded Vantiv to Sector Weight saying "continued retail challenges" could limit fundamental upside. The analyst's analysis suggests the company's same-store sales could remain "subdued" in the 3%-4% range. He sees fair value for the shares in the mid-$60s.
SAFM Sanderson Farms
$128.10

2.32 (1.84%)

06/07/17
MZHO
06/07/17
INITIATION
Target $142
MZHO
Buy
Sanderson Farms initiated with a Buy at Mizuho
Mizuho analyst Jeremy Scott initiated Sanderson Farms with a Buy and a $142 price target.
06/06/17
LEHM
06/06/17
INITIATION
Target $125
LEHM
Equal Weight
Sanderson Farms initiated with an Equal Weight at Barclays
Barclays analyst Benjamin Theurer started Sanderson Farms with an Equal Weight rating and $125 price target. The analyst launched coverage on the Americas Agribusiness sector with a Neutral rating. He expects Sanderson's margins to contract in the coming years.
05/26/17
SPHN
05/26/17
NO CHANGE
Target $135
SPHN
Overweight
Sanderson Farms post-earnings pullback due to profit taking, says Stephens
Stephens analyst Farha Aslam attributed the 3.5% pullback in Sanderson Farms shares yesterday despite the company's "strong" earnings beat to profit taking, noting that the stock had run up ahead of the report. She raised her price target on the stock to $135 from $125 and keeps an Overweight rating on the shares, as she believes Sanderson's organic volume growth and strong execution position it to continue to outperform consensus earnings forecasts.
06/12/17
KEYB
06/12/17
DOWNGRADE
KEYB
Sector Weight
Sanderson Farms downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Brett Andress downgraded Sanderson Farms to Sector Weight citing valuation with the shares up 28% since his March 26 upgrade. The analyst sees a more balanced risk/reward at current share levels and recommends taking profits in the name.

TODAY'S FREE FLY STORIES

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$NSD

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MGLN

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$83.65

0.35 (0.42%)

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SGMS

Scientific Games

$52.00

-0.2 (-0.38%)

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Conference/Events
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$NSD

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$NYE

NYSE Market Internals

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Volume is below average…

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$NSD

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$NYE

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M

Macy's

$21.07

0.44 (2.13%)

, WMT

Wal-Mart

$96.62

0.21 (0.22%)

13:29
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General news
On The Fly: Top stock stories for Friday »

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M

Macy's

$21.07

0.44 (2.13%)

WMT

Wal-Mart

$96.62

0.21 (0.22%)

TGT

Target

$55.88

-1.61 (-2.80%)

BASFY

BASF

$27.39

-0.13 (-0.47%)

TEVA

Teva

$13.70

0.22 (1.63%)

CBS

CBS

$56.54

0.3 (0.53%)

DISH

Dish

$50.43

0.39 (0.78%)

ASX

Advanced Semiconductor

$7.07

0.76 (12.04%)

SPIL

Siliconware Precision

$7.94

-0.05 (-0.63%)

QD

Qudian

$12.22

-3.93 (-24.33%)

BABA

Alibaba

$191.19

1.35 (0.71%)

VIPS

Vipshop

$8.14

-0.3 (-3.55%)

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  • 24

    Nov

  • 20

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  • 18

    Mar

AFL

Aflac

$85.00

-0.05 (-0.06%)

13:26
11/24/17
11/24
13:26
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13:26
Conference/Events
Aflac to hold a conference call »

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  • 01

    Dec

GBL

GAMCO Investors

, WTS

Watts Water

$72.65

0.15 (0.21%)

13:26
11/24/17
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GBL

GAMCO Investors

WTS

Watts Water

$72.65

0.15 (0.21%)

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  • 04

    Dec

CC

Chemours

$53.31

0.45 (0.85%)

13:23
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Conference/Events
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  • 01

    Dec

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$NYE

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AIMT

Aimmune

$35.74

0.16 (0.45%)

13:09
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  • 28

    Nov

PN

Patriot National

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CMCM

Cheetah Mobile

$12.02

-0.4 (-3.22%)

12:55
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GM

General Motors

$44.47

0.1828 (0.41%)

12:53
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  • 30

    Nov

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Week of 11/24…

EBAY

eBay

$35.94

-0.02 (-0.06%)

, OSTK

Overstock.com

$61.05

0.6 (0.99%)

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OSTK

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AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

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  • 27

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