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NKE

Nike

$50.96

-1.936 (-3.66%)

, KR

Kroger

$21.24

-3.32 (-13.52%)

10:50
06/16/17
06/16
10:50
06/16/17
10:50

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Nike (NKE) downgraded to Neutral from Overweight at JPMorgan with analyst Matthew Boss saying his work suggests Nike's sales in North America are likely to get worse before getting better. 2. Kroger (KR) downgraded to Neutral from Buy at Goldman Sachs, to Neutral from Overweight at JPMorgan, and to Market Perform from Outperform at Telsey Advisory. 3. Booz Allen (BAH) was downgraded to Neutral from Buy at BofA/Merrill, to Hold from Buy at Vertical Research, and to Market Perform from Outperform at Raymond James. 4. Square (SQ) downgraded to Neutral from Outperform at Credit Suisse with analyst Paul Condra saying the shares at current levels are fully valued. 5. Noble Corp. (NE) downgraded to Neutral from Buy 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.

NKE

Nike

$50.96

-1.936 (-3.66%)

KR

Kroger

$21.24

-3.32 (-13.52%)

BAH

Booz Allen

$31.70

-7.63 (-19.40%)

SQ

Square

$23.64

-0.35 (-1.46%)

NE

Noble Corp.

$3.78

-0.045 (-1.18%)

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NKE Nike
$50.96

-1.936 (-3.66%)

06/01/17
PIPR
06/01/17
NO CHANGE
Target $50
PIPR
Neutral
Piper 'firmly' believes too early to buy Nike shares
Piper Jaffray analyst Erinn Murphy believes Nike's innovation pipeline "has paused" while competition "remains fierce." The analyst "firmly" believes it remains too early to buy Nike shares. To reflect further gross margin pressures and currency moves, the analyst lowered her FY18 earnings estimate to $2.40 from $2.44 and price target to $50 from $51. Murphy expects Nike management, in due course, will lower their long-term targets. She keeps a Neutral rating on the shares.
06/16/17
BARD
06/16/17
NO CHANGE
Target $62
BARD
Outperform
Nike restructuring a replay of 2009, suggests buying opportunity, says Baird
Baird analyst Jonathan Komp noted Nike has undergone multiple restructurings, stating that the current one appears to be a replay of its 2009 strategy, which resulted in a very strong multi-year stretch of outperformance for the stock. The analyst said the playbook suggest a compelling buying opportunity post Q4 earnings. Komp maintained his Outperform rating and $62 price target on Nike shares.
06/16/17
JPMS
06/16/17
DOWNGRADE
Target $58
JPMS
Neutral
Nike downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Matthew Boss downgraded Nike to Neutral and lowered his price target for the shares to $58 from $61. The footwear giant closed yesterday down 3%, or $1.76, to $52.90. The analyst's work suggests Nike's sales in North America are likely to get worse before getting better. The company changes announced this week will take time, Boss tells investors in a research note. The analyst, however, is "encouraged" by management's cost reductions and "forward thinking initiatives."
06/13/17
ARGS
06/13/17
DOWNGRADE
ARGS
Hold
Foot Locker downgraded to Hold from Buy at Argus
Argus analyst John Staszak downgraded Foot Locker (FL) based on weakening demand for Nike (NKE) footwear. The analyst says that Nike footwear generates more than two-thirds of Foot Locker's revenue, and he thinks that the retailer will have difficulty reaching 5% comp sales growth in the second half of fiscal 2018.
KR Kroger
$21.24

-3.32 (-13.52%)

06/16/17
RBCM
06/16/17
NO CHANGE
RBCM
Kroger risk/reward 'favorable,' says RBC Capital
After Kroger lowered its fiscal 2017 EPS guidance. RBC Capital analyst William Kirk says that the company's increased investments in prices and labor are "alarming." However, the analyst notes that the company still had positive ID sales so far this quarter, and he thinks that it will benefit from the closure of a number of competing stores. He says that the stock's risk/reward ratio is positive, and he keeps an Outperform rating on the stock.
06/16/17
GUGG
06/16/17
NO CHANGE
GUGG
Performance Food added to Best Ideas List, Kroger removed at Guggenheim
06/16/17
WELS
06/16/17
NO CHANGE
WELS
Kroger price target lowered to $28 from $35 at Wells Fargo
Wells Fargo cut its price target on Kroger after the company lowered its fiscal 2017 EPS guidance. The firm says that the company's investments in prices was larger than expected amid tough competition. However, Wells believes that the company is taking the necessary steps to preserve its market share, and it believes that the stock can reward patient investors. It keeps an Outperform rating on the shares.
06/16/17
BARD
06/16/17
NO CHANGE
Target $72
BARD
Outperform
Amazon deal for Whole Foods a 'mild negative' for Vantiv, says Baird
Baird analyst David Koning believes Whole Foods (WFM) could be about 0.15-0.2% of Vantiv's (VNTV) revenue, making the deal for the grocer to be acquired by Amazon (AMZN) a "mild negative" for Vantiv. Vantiv may trade down today following that news and the guidance cut from Kroger (KR), which Koning estimates accounts for about 1% of Vantiv's revenue. However, he likes Vantiv shares given its valuation and potential for rising estimates and keeps an Outperform rating and $72 price target on the stock.
BAH Booz Allen
$31.70

-7.63 (-19.40%)

06/16/17
SBSH
06/16/17
NO CHANGE
Target $41
SBSH
Neutral
Citi sees 'more questions than answers' for Booz Allen
Citi analyst Jonathan Raviv sees "more questions than answers" after Booz Allen Hamilton disclosed a Department of Justice civil and criminal investigation relating to elements of the company's cost accounting and indirect cost charging practices. A share selloff is warranted as the disclosure "takes some shine off, especially for a stock that has typically traded at a premium," Raviv tells investors in a research note. He notes that an 8% yield to his FY19 free cash flow per share estimate yields a $28 stock. The analyst has a Neutral rating on Booz Allen with a $41 price target. The stock in premarket trading is down 16%, or $6.23, to $33.10.
06/16/17
WELS
06/16/17
NO CHANGE
WELS
Booz Allen still has multiple positive catalysts, says Wells Fargo
After Booz Allen announced that the Department of Justice was conducting a civil and criminal probe of its accounting and charging practices involving the government, Wells Fargo says that past legal/political issues involving the company have given investors good opportunities to buy the stock at attractive prices. The firm notes that the company has not been indicted. Wells remains upbeat on the company's strong brand, market positioning,and ability to benefit from "unusually strong government fiscal year-end award activity." Wells trimmed its price target on the shares to $40 from $43 but keeps an Outperform rating.
06/16/17
BOFA
06/16/17
DOWNGRADE
BOFA
Neutral
Booz Allen downgraded to Neutral from Buy at BofA/Merrill
06/16/17
VERT
06/16/17
DOWNGRADE
VERT
Hold
Booz Allen downgraded to Hold from Buy at Vertical Research
SQ Square
$23.64

-0.35 (-1.46%)

05/17/17
DBAB
05/17/17
NO CHANGE
Target $23
DBAB
Buy
Square in early innings of 'upward trajectory,' says Deutsche Bank
Deutsche Bank analyst Bryan Keane says he still believes Square is in the early innings of its "upward trajectory" following the company's analyst day. He feels the stock's momentum will continue and upped his price target for the shares to $23 from $21. The analyst reiterates a Buy rating on the name.
05/17/17
05/17/17
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. Disney (DIS) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen saying the company's exposure to cable and "outsized" subscriber declines at ESPN "have again become a focal point in investors' minds." 2. Pandora (P) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Heath Terry saying he was wrong in thinking the market would focus on new subscription products and a return to profitability by the fourth quarter. 3. Square (SQ) downgraded to Neutral from Buy at BTIG with analyst Mark Palmer citing valuation following the strong rally and removed his $20 price target. 4. AMD (AMD) downgraded to Hold from Buy at Loop Capital with analyst Betsy Van Hees saying she believes the stock is fairly valued and is already pricing in "a lot," including the launches of RYZEN CPUs, Vega GPUs and the new EPYC server chip. 5. Etsy (ETSY) downgraded to Hold from Buy at Loop Capital with analyst Blake Harper saying with Etsy's new management team undertaking an internal strategic and operational review, an imminent sale of the company is unlikely. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/16/17
FBCO
06/16/17
DOWNGRADE
Target $25
FBCO
Neutral
Square downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Paul Condra downgraded Square to Neutral saying the shares at current levels are fully valued. Condra is "positive" on the business but notes the stock is up 20% since last month's analyst day. He raised his price target for the shares to $25 from $20.
05/19/17
TIGR
05/19/17
INITIATION
TIGR
Buy
Square initiated with a Buy at Tigress Financial
Tigress Financial analyst Ivan Feinseth started Square with a Buy rating.
NE Noble Corp.
$3.78

-0.045 (-1.18%)

03/07/17
GHSC
03/07/17
UPGRADE
Target $8
GHSC
Buy
Noble Corp. upgraded to Buy from Neutral at Seaport Global
Seaport Global analyst Mark Brown upgraded Noble to Buy with an $8 price target due to valuation and expectations for a pickup in drilling later in 2017.
05/18/17
NOMU
05/18/17
UPGRADE
NOMU
Neutral
Noble Corp. upgraded to Neutral from Reduce at Nomura Instinet
Nomura Instinet analyst Matthew Johnston upgraded Noble Corp to Neutral from Reduce saying valuation is approaching "washed out" levels and lowered its price target to $5 from $6.
03/07/17
03/07/17
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. Hyatt (H) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Thomas Allen saying shares are trading in-line with his price target adn offer more attractive risk/reward. 2. Noble Corp. (NE) upgraded to Buy from Neutral at Seaport Global with analyst Mark Brown citing valuation and expectations for a pickup in drilling later in 2017. 3. Weatherford (WFT) upgraded to Overweight from Equalweight at Capital One with analyst Luke Lemoine saying the hiring of Mark McCollum, Halliburton's (HAL) CFO, adds legitimacy and credibility to Weatherford's status as a turnaround story. 4. Bill Barrett (BBG) upgraded to Buy from Hold at Canaccord with analyst Stephen Berman saying he sees strong 2018 growth, a solid liquidity position, and said shares are almost 50% from its 52-week high. 5. TSMC (TSM) upgraded to Buy from Hold at HSBC with analyst Steven Pelayo saying he believes TSMC is reasserting its technology leadership. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/16/17
SBSH
06/16/17
DOWNGRADE
Target $4.7
SBSH
Neutral
Noble Corp. downgraded to Neutral from Buy at Citi
Citi analyst Scott Gruber downgraded Noble Corp. to Neutral and lowered his price target for the shares to $4.70 from $11. To reflect lower oil prices, the analyst dropped his price targets across the offshore driller space. He also notes Noble faces an outstanding legal case by bondholders of Paragon.

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AVA

Avista

$51.40

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$34.00

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Cisco

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BMY

Bristol-Myers

$63.36

0.03 (0.05%)

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INSE

Inspired Entertainment

$13.60

0.3 (2.26%)

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MediciNova

$6.18

0.3 (5.10%)

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ISRG

Intuitive Surgical

$1,031.52

1.31 (0.13%)

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GD

General Dynamics

$205.41

-0.31 (-0.15%)

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CHRS

Coherus Biosciences

$12.85

0.3 (2.39%)

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FIBK

First Interstate

$36.90

0.3 (0.82%)

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NRCIA

National Research, also tag NRCIB

$37.45

0.55 (1.49%)

, NRCIB

National Research, also tag NRCIA

$54.30

0.31 (0.57%)

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$54.30

0.31 (0.57%)

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CC

Chemours

$51.79

-0.16 (-0.31%)

, HON

Honeywell

$141.75

0.89 (0.63%)

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Honeywell

$141.75

0.89 (0.63%)

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AGN

Allergan

$204.65

1.99 (0.98%)

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HON

Honeywell

$141.75

0.89 (0.63%)

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Chemours

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JOE

Saint Joe Co.

$18.60

0.45 (2.48%)

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A

Agilent

$65.78

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Merck

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MRK

Merck

$65.13

-0.47 (-0.72%)

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TYHT

Shineco

$3.23

-0.45 (-12.23%)

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

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RNVA

Rennova Health

$0.22

0.0086 (4.07%)

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

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Options
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EKSO

Ekso Bionics

$1.28

0.14 (12.28%)

16:23
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UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

, AET

Aetna

$153.57

0.18 (0.12%)

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On The Fly: Top stock stories for Friday »

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UNH

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AET

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$153.57

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ANTM

Anthem

$182.86

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CI

Cigna

$182.74

0.61 (0.33%)

AAPL

Apple

$151.89

-1.5 (-0.98%)

FSLR

First Solar

$51.41

2.65 (5.43%)

FINL

Finish Line

$9.73

0.51 (5.53%)

ASND

Ascendis Pharma

$34.24

6.5 (23.43%)

VSAR

Versartis

$2.68

-18.925 (-87.62%)

ICPT

Intercept

$61.59

-12.11 (-16.43%)

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DLR

Digital Realty

$114.51

-1.72 (-1.48%)

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Breaking Syndicate news story on Digital Realty »

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