Breaking News Instant updates and real-time market news.

LVLT

Level 3

$61.55

-2.25 (-3.53%)

, CTL

CenturyLink

$25.88

-1.07 (-3.97%)

14:31
06/16/17
06/16
14:31
06/16/17
14:31

Level 3 follows CenturyLink lower, drops 4% to $61.53

LVLT

Level 3

$61.55

-2.25 (-3.53%)

CTL

CenturyLink

$25.88

-1.07 (-3.97%)

LVLT Level 3
$61.55

-2.25 (-3.53%)

05/15/17
05/15/17
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. Tesla (TSLA) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Adam Jonas saying the bull thesis on Tesla centers around the company becoming the next Amazon (AMZN) or Apple (AAPL), Jonas tells investors in a research note. The analyst, however, questions if the risks of taking on the tech giants is sufficiently discounted in the share price. He expects "much larger and more well capitalized" competitors to unveil strategies that directly address sustainable transport and mobility. 2. J.C. Penney (JCP) was downgraded to Hold from Buy at Deutsche Bank, to Neutral from Outperform at Baird, and to Neutral from Buy at Buckingham. 3. STMicroelectronics (STM) downgraded to Hold from Buy at Stifel. 4. Level 3 (LVLT) and CenturyLink (CTL) were downgraded to Underperform from Market Perform at Raymond James. 5. TSMC (TSM) downgraded to Neutral from Outperform at Credit Suisse with analyst Randy Abrams saying headwinds from excess inventory, slower China smartphones, and Qualcomm (QCOM) shifts to Samsung (SSNLF) could pressure sales and margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/15/17
RAJA
05/15/17
DOWNGRADE
RAJA
Underperform
Level 3 downgraded to Underperform from Market Perform at Raymond James
Raymond James analyst Frank Louthan downgraded Level 3 (LVLT) and CenturyLink (CTL) to Underperform saying both companies are experiencing negative trends ahead of their combination which are unlikely to improve over the next few quarters. Louthan also expects additional sales disruption from the integration that will limit material stock price appreciation.
03/29/17
03/29/17
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. Boeing (BA) initiated with a Buy at Berenberg. 2. Level 3 (LVLT) resumed with an Equal Weight at Morgan Stanley. 3. Exact Sciences (EXAS) initiated with a Buy at BofA/Merrill. 4. Synchrony (SYF) initiated with an Outperform at Wells Fargo. 5. Alphabet (GOOG, GOOGL), Facebook (FB), and Amazon.com (AMZN) were initiated with an Overweight at Barclays, while Snap (SNAP) was initiated with an Equal Weight and Twitter (TWTR) was initiated with an Underweight. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/29/17
MSCO
03/29/17
INITIATION
Target $65
MSCO
Equal Weight
Level 3 resumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Simon Flannery resumed coverage n Level 3 with an Equal Weight and a $65 price target.
CTL CenturyLink
$25.88

-1.07 (-3.97%)

05/15/17
RAJA
05/15/17
DOWNGRADE
RAJA
Underperform
CenturyLink downgraded to Underperform from Market Perform at Raymond James
Raymond James analyst Frank Louthan downgraded Level 3 (LVLT) and CenturyLink (CTL) to Underperform saying both companies are experiencing negative trends ahead of their combination which are unlikely to improve over the next few quarters. Louthan also expects additional sales disruption from the integration that will limit material stock price appreciation.
05/04/17
COWN
05/04/17
NO CHANGE
Target $25
COWN
Market Perform
CenturyLink set up for guidance reduction, says Cowen
Cowen analyst Gregory Williams said CenturyLink posted mixed Q1 results with weakness essentially across the board. The company also announced weak Q2 guidance, which he believes sets the company up for downward guidance revisions. Williams maintained his Market Perform rating and lowered his price target to $25 from $27 on CenturyLink shares.
03/29/17
MSCO
03/29/17
INITIATION
Target $27
MSCO
Overweight
CenturyLink resumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Simon Flannery resumed coverage on CenturyLink with an Overweight and a $27 price target.
03/22/17
GSCO
03/22/17
DOWNGRADE
Target $1.5
GSCO
Sell
Frontier Communications downgraded to Sell from Neutral at Goldman
Goldman Sachs analyst Brett Feldman downgraded Frontier Communications (FTR) to Sell and cut his price target for the shares to $1.50 from $3. Weakening fundamentals may cause Frontier to suspend its dividend after the Q1 payment, Feldman tells investors in a research note. He believes the company cannot both support its dividend and delever. The analyst this morning also reinstated Windstream (WIN) with a Sell rating and lowered his price target for Sell-rated CenturyLink (CTL) to $19 from $21.

TODAY'S FREE FLY STORIES

SPLS

Staples

$8.66

-0.09 (-1.03%)

07:52
06/22/17
06/22
07:52
06/22/17
07:52
Recommendations
Staples analyst commentary  »

Staples LBO could work in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TSM

TSMC

$36.71

0.58 (1.61%)

, QCOM

Qualcomm

$56.33

-0.46 (-0.81%)

07:51
06/22/17
06/22
07:51
06/22/17
07:51
Periodicals
TSMC receives 7nm chip orders from Qualcomm, DigiTimes reports »

TSMC (TSM) has secured…

TSM

TSMC

$36.71

0.58 (1.61%)

QCOM

Qualcomm

$56.33

-0.46 (-0.81%)

SSNLF

Samsung

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

OTIC

Otonomy

$17.50

1.45 (9.03%)

07:50
06/22/17
06/22
07:50
06/22/17
07:50
Hot Stocks
Otonomy announces successful end-of-Phase 2 review by FDA for Otiprio »

Otonomy announced that it…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SCS

Steelcase

$16.30

-0.2 (-1.21%)

07:50
06/22/17
06/22
07:50
06/22/17
07:50
Technical Analysis
Technical View: Steelcase drops sharply after earnings and outlook »

The stock was last down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Jun

TRGP

Targa Resources

$40.68

-0.73 (-1.76%)

07:49
06/22/17
06/22
07:49
06/22/17
07:49
Recommendations
Targa Resources analyst commentary  »

Targa Resources guidance…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

07:47
06/22/17
06/22
07:47
06/22/17
07:47
General news
Futures slightly higher ahead of claims data »

Stock futures are trading…

DHI

D.R. Horton

$33.97

-0.2 (-0.59%)

, FOR

Forestar Group

$16.30

-0.1 (-0.61%)

07:45
06/22/17
06/22
07:45
06/22/17
07:45
Hot Stocks
D.R. Horton reiterates proposal to acquire 75% of Forestar Group »

D.R. Horton (DHI) said…

DHI

D.R. Horton

$33.97

-0.2 (-0.59%)

FOR

Forestar Group

$16.30

-0.1 (-0.61%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

EPC

Edgewell Personal Care

$75.05

-0.67 (-0.88%)

07:45
06/22/17
06/22
07:45
06/22/17
07:45
Upgrade
Edgewell Personal Care rating change  »

Edgewell Personal Care…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LITE

Lumentum

$62.50

0.05 (0.08%)

07:44
06/22/17
06/22
07:44
06/22/17
07:44
Recommendations
Lumentum analyst commentary  »

Lumentum price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Jun

  • 26

    Jun

PRIM

Primoris

$23.84

-0.77 (-3.13%)

07:42
06/22/17
06/22
07:42
06/22/17
07:42
Hot Stocks
Primoris announces new pipeline construction awards valued at about $53M »

Primoris Services…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SRSC

Sears Canada

$0.47

-0.115 (-19.69%)

07:42
06/22/17
06/22
07:42
06/22/17
07:42
Hot Stocks
Breaking Hot Stocks news story on Sears Canada »

Sears Canada trading…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ORCL

Oracle

$46.33

0.48 (1.05%)

07:41
06/22/17
06/22
07:41
06/22/17
07:41
Technical Analysis
Technical View: Oracle sharply higher after earnings, analyst actions »

The stock was last up…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Jun

FCX

Freeport McMoRan

$11.21

-0.03 (-0.27%)

07:40
06/22/17
06/22
07:40
06/22/17
07:40
Periodicals
Freeport Indonesia says Grasberg operations normal despite strike, Reuters says »

Operations at…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CLVS

Clovis

$94.29

5.61 (6.33%)

07:38
06/22/17
06/22
07:38
06/22/17
07:38
Recommendations
Clovis analyst commentary  »

Clovis price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Jun

FL

Foot Locker

$47.82

-2.51 (-4.99%)

, NKE

Nike

$52.59

1.03 (2.00%)

07:38
06/22/17
06/22
07:38
06/22/17
07:38
Recommendations
Foot Locker, Nike, Amazon.com analyst commentary  »

Foot Locker remains a key…

FL

Foot Locker

$47.82

-2.51 (-4.99%)

NKE

Nike

$52.59

1.03 (2.00%)

AMZN

Amazon.com

$1,002.23

9.64 (0.97%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Jun

  • 29

    Jun

BA

Boeing

$199.17

0.84 (0.42%)

07:37
06/22/17
06/22
07:37
06/22/17
07:37
Hot Stocks
Boeing: Customers announced orders, commitments for 571 airplanes at Paris show »

Boeing made several…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AQMS

Aqua Metals

$11.95

-0.36 (-2.92%)

07:36
06/22/17
06/22
07:36
06/22/17
07:36
Initiation
Aqua Metals initiated  »

Aqua Metals initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VLO

Valero

07:36
06/22/17
06/22
07:36
06/22/17
07:36
Upgrade
Valero rating change  »

Valero upgraded to Buy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jun

  • 27

    Jul

TWTR

Twitter

$17.78

0.87 (5.14%)

, CHK

Chesapeake

$4.52

-0.39 (-7.94%)

07:35
06/22/17
06/22
07:35
06/22/17
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

TWTR

Twitter

$17.78

0.87 (5.14%)

CHK

Chesapeake

$4.52

-0.39 (-7.94%)

NKE

Nike

$52.59

1.03 (2.00%)

ORCL

Oracle

$46.33

0.49 (1.07%)

PFE

Pfizer

$33.88

0.32 (0.95%)

HAL

Halliburton

$42.23

-1.17 (-2.70%)

MAT

Mattel

$19.99

-0.03 (-0.15%)

WPX

WPX Energy

$8.71

-0.56 (-6.04%)

FMSA

Fairmount Santrol

$3.48

-0.27 (-7.20%)

OTIC

Otonomy

$17.50

1.45 (9.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Jun

  • 26

    Jun

  • 28

    Jun

  • 28

    Jun

  • 28

    Jun

  • 29

    Jun

  • 29

    Jun

  • 11

    Jul

  • 19

    Jul

  • 24

    Jul

  • 02

    Aug

  • 27

    Aug

ADS

Alliance Data

$258.94

0.84 (0.33%)

, VOLVY

Volvo

07:34
06/22/17
06/22
07:34
06/22/17
07:34
Hot Stocks
Alliance Data selected by Volvo for expansion of marketing programs »

Alliance Data (ADS)…

ADS

Alliance Data

$258.94

0.84 (0.33%)

VOLVY

Volvo

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Jul

DERM

Dermira

$30.41

0.77 (2.60%)

07:33
06/22/17
06/22
07:33
06/22/17
07:33
Initiation
Dermira initiated  »

Dermira initiated with an…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WAT

Waters

$185.43

1.15 (0.62%)

, SHPG

Shire

$170.75

3.49 (2.09%)

07:31
06/22/17
06/22
07:31
06/22/17
07:31
Hot Stocks
Waters names Shire CEO Flemming Ornskov to board of directors »

Waters Corporation (WAT)…

WAT

Waters

$185.43

1.15 (0.62%)

SHPG

Shire

$170.75

3.49 (2.09%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jun

AUY

Yamana Gold

$2.43

0.07 (2.97%)

, BBY

Best Buy

$55.17

0.24 (0.44%)

07:30
06/22/17
06/22
07:30
06/22/17
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

AUY

Yamana Gold

$2.43

0.07 (2.97%)

BBY

Best Buy

$55.17

0.24 (0.44%)

HPQ

HP Inc.

$17.71

-0.12 (-0.67%)

SEAS

SeaWorld

$15.64

-0.01 (-0.06%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Aug

  • 29

    Aug

KMDA

Kamada

$7.50

-0.05 (-0.66%)

07:30
06/22/17
06/22
07:30
06/22/17
07:30
Hot Stocks
Breaking Hot Stocks news story on Kamada 

Kamada trading resumes

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Aug

ORCL

Oracle

$46.33

0.49 (1.07%)

07:29
06/22/17
06/22
07:29
06/22/17
07:29
Recommendations
Oracle analyst commentary  »

Oracle price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Jun

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.