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PLNT

Planet Fitness

$23.02

0.07 (0.31%)

, YUM

Yum! Brands

$73.91

-0.02 (-0.03%)

04:55
06/21/17
06/21
04:55
06/21/17
04:55

Jefferies to hold a conference

2017 Global Consumer Conference is being held in Nantucket on June 20-21.

PLNT

Planet Fitness

$23.02

0.07 (0.31%)

YUM

Yum! Brands

$73.91

-0.02 (-0.03%)

TPB

Turning Point Brands

$15.24

-0.29 (-1.87%)

NDLS

Noodles & Company

$3.85

-0.15 (-3.75%)

BOBE

Bob Evans

$69.32

-1.49 (-2.10%)

FOGO

Fogo De Chao

LNCE

Snyder's-Lance

$35.51

-0.3 (-0.84%)

SYY

Sysco

$53.86

-0.64 (-1.17%)

ANF

Abercrombie & Fitch

$12.21

-0.38 (-3.02%)

JILL

J.Jill

$12.85

0.16 (1.26%)

JACK

Jack in the Box

$105.30

-0.66 (-0.62%)

LOCO

El Pollo Loco

$14.10

-0.25 (-1.74%)

ULTA

Ulta Beauty

$296.50

2.33 (0.79%)

COT

Cott Corp.

$14.43

0.04 (0.28%)

RRGB

Red Robin

$63.90

-1.15 (-1.77%)

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PLNT Planet Fitness
$23.02

0.07 (0.31%)

03/24/17
WEDB
03/24/17
DOWNGRADE
Target $22
WEDB
Neutral
Planet Fitness downgraded to Neutral from Outperform at Wedbush
Wedbush analyst James Hardiman assumed coverage on Planet Fitness with a Neutral rating from an Outperform and lowered its price target to $22 from $23. Hardiman believes same-store sales growth is likely to decelerate as the store base matures and would wait for a better entry point to become constructive on shares.
03/02/17
COWN
03/02/17
NO CHANGE
Target $23
COWN
Outperform
Planet Fitness weakness a buying opportunity, says Cowen
Cowen analyst Oliver Chen said he would buy Planet Fitness on any weakness citing the company's business model underpinned by strong new member growth, operating leverage, and fixed cost leverage. Chen reiterated his Outperform rating and lowered his price target to $23 from $25 on Planet Fitness shares.
01/05/17
MACQ
01/05/17
INITIATION
Target $28
MACQ
Outperform
Planet Fitness initiated with an Outperform at Macquarie
Macquarie analyst Matthew Brooks initiated Planet Fitness with an Outperform and a $28 price target due to strong unit economics.
10/27/16
PIPR
10/27/16
NO CHANGE
Target $23
PIPR
Overweight
Piper continues to recommend shares of Planet Fitness
Piper Jaffray analyst Sean Naughton continues to recommend Planet Fitness shares citing the company's "strong" quarter and accelerating comps. The analyst believes mid-teens earnings growth is achievable next year and keeps an Overweight rating on the shares with a $23 price target.
YUM Yum! Brands
$73.91

-0.02 (-0.03%)

06/08/17
MZHO
06/08/17
INITIATION
Target $74
MZHO
Neutral
Yum! Brands initiated with a Neutral at Mizuho
Mizuho analyst Jeremy Scott initiated Yum! Brands with a Neutral and a $74 price target.
05/16/17
ARGS
05/16/17
UPGRADE
ARGS
Buy
Yum! Brands upgraded to Buy from Hold at Argus
05/16/17
05/16/17
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. AIG (AIG) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Kai Pan citing the "strong" new Chief Executive Officer and attractive valuation. 2. Yum! Brands (YUM) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's decision to refranchise an additional 5% of its stores and institute additional cost cutting measures as reasons for the upgrade. 3. Dr Pepper Snapple (DPS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Dara Mohsenian saying the company's organic sales growth is accelerating driven by an improved competitive outlook as Coca Cola (KO) and Pepsi (PEP) focus on using cash flow from the U.S. carbonated soft drink segment in high growth areas. 4. Regal Entertainment (RGC) upgraded to Buy from Hold at Loop Capital with analyst David Millerciting recent weakness in shares and has confidence the company will pay a special dividend to shareholders around the fourth quarter or in the first half of 2018. 5. Vipshop (VIPS) upgraded to Overweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/16/17
ARGS
05/16/17
UPGRADE
ARGS
Buy
Yum! Brands upgraded on refranchising, cost cutting at Argus
As noted earlier, Argus upgraded Yum! to Buy from Hold. Analyst John Staszak cited the company's decision to refranchise an additional 5% of its stores and institute additional cost cutting measures as reasons for the upgrade. He expects the company's 2017 and 2018 EPS to beat expectations. Target $80.
TPB Turning Point Brands
$15.24

-0.29 (-1.87%)

04/17/17
FBRC
04/17/17
NO CHANGE
Target $17
FBRC
Outperform
Turning Point Brands remains undervalued, says FBR Capital
After hosting "upbeat" meetings with management, FBR Capital analyst Susan Anderson continues to view Turning Point Brands as a unique opportunity in tobacco. The analyst views the stock as undervalued and remains confident that Turning Point is "well positioned to grow organically and expand via accretive acquisitions." She reiterates an Outperform rating on the shares with a $17 price target.
NDLS Noodles & Company
$3.85

-0.15 (-3.75%)

08/04/16
08/04/16
NO CHANGE

On The Fly: After Hours Movers
UP AFTER EARNINGS: Pacific Biosciences (PACB), up 17%... MasTec (MTZ), up 9.6%... Aratana Therapeutics (PETX), up 9.2%... Lion's Gate (LGF), up 6.4%... Priceline (PCLN), up 5.7%... Ubiquiti (UBNT), up 5.5%... MercadoLibre (MELI), up 4.1%... Organovo (ONVO), up 3.9%... Kraft Heinz (KHC), up 3.3%... EOG Resources (EOG), up 2.8%... Monster Beverage (MNST), up 1.2%... TASER (TASR), up 1.2%... Take-Two (TTWO), up 0.9%... Activision Blizzard (ATVI), up 1%... BioMarin (BMRN), up 0.4%. ALSO HIGHER: Egalet (EGLT), up 31.2% after the company announced that an FDA advisory committee recommended approval of its ARYMO ER drug... Rackspace (RAX), up 17.6% after the Wall Street Journal reported that the company was near a takeover deal with a private equity buyer... Osiris (OSIR), up 8.5% after it said that the manuscript from its prospective trial using Grafix was published. DOWN AFTER EARNINGS: Hortonworks (HDP), down 26.2%... PDL BioPharma (PDLI), down 17.5%... FireEye (FEYE), down 15.8%... Sierra Wireless (SWIR), down 15.6%... Aquinox (AQXP), down 14.7%... Zynga (ZNGA), down 9.4%... Universal Display (OLED), down 8.2%... Weight Watchers (WTW), down 7.6%... Zillow Group (Z, ZG), down 5.5%... Arista Networks (ANET), down 4.5%... Noodles & Company (NDLS), down 4.3%... Merrimack (MACK), down 1.7%... Bankrate (RATE), down 1.7%.
11/25/16
PIPR
11/25/16
NO CHANGE
PIPR
Piper thinks blocking of Overtime Rule came too late
An Obama-appointed judge in Texas surprisingly blocked the Overtime Rule set to take effect on December 1, Piper Jaffray analysts in the Hardlines Retail & Specialty Products space tell investors in a research note. The analysts say that regardless of whether the injunction is upheld, their research suggests that the ruling comes too late for larger companies to pull back on the planned Overtime Rule change. Payroll and IT systems are likely set to adjust this coming Sunday, they point out. Piper's analysts expect the expense headwinds from the OT rule change for retailers/restaurants to remain in place. The retailers they believe that are most impacted from the rule are Dollar General (DG), Dollar Tree (DLTR), Regis (RGS) and Sally Beauty (SBH). The restaurants they believe are most impacted are Bojangles (BOJA), Starbucks (SBUX), Sonic (SONC), Noodles & Company (NDLS), Potbelly (PBPB), Del Taco (TACO) and Zoe's Kitchen (ZOES).
01/06/17
UBSW
01/06/17
DOWNGRADE
Target $4
UBSW
Sell
Noodles & Company downgraded to Sell from Neutral at UBS
UBS analyst Dennis Geiger downgraded Noodles & Company to Sell saying the company's turnaround will take time. Visibility into a return to sustainable positive comp growth remains limited, Geiger tells investors in a research note. He lowered his price target for the shares to $4 from $7.
12/02/16
12/02/16
NO CHANGE

With Chipotle in activist's sights, Piper reviews restaurant activism success
Noting that activist investors have recently disclosed their involvement with both Chipotle (CMG) and Fiesta Restaurant Group (FRGI), Piper Jaffray analyst Nicole Miller Regan took a look back at 149 activist campaigns that occurred in the restaurant industry from 1997 to now and found that 70% of the campaigns are followed by positive returns in the year following a campaign announcement. Of note, two-thirds of those campaigns are followed by returns of more than 20%, said Regan, who added that she expects M&A to become more prevalent in the restaurant sector. Some smaller names she offers for investors to consider in this context include Bravo Brio (BBRG), Ignite Restaurant (IRG), Potbelly (PBPB), BJ's Restaurants (BJRI) and Noodles & Company(NDLS).
BOBE Bob Evans
$69.32

-1.49 (-2.10%)

06/13/17
MAXM
06/13/17
NO CHANGE
Target $80
MAXM
Buy
Bob Evans price target raised to $80 from $74 at Maxim
Maxim analyst Stephen Anderson raised his EPS estimates for Bob Evans (BOBE) to reflect easier commodity costs and contends that rising multiples among the company's direct peers - including Conagra (CAG), Hormel (HRL), Kraft Heinz (KHC), Pinnacle (PF), and Post (POST) - hints at the potential for accelerated industry consolidation. As previously reported, Anderson views Bob Evans as a target for a possible takeover and he keeps a Buy rating on the shares.
05/03/17
05/03/17
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. Bob Evans (BOBE) initiated with an Outperform at William Blair. 2. C&J Energy Services (CJ) initiated with a Buy at Deutsche Bank. 3. Ironwood (IRWD) initiated with an Outperform at Wells Fargo. 4. Viveve (VIVE) initiated with an Outperform at Cowen. 5. LCI Industries (LCII) initiated with an Outperform at Baird. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/05/17
06/05/17
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. Juniper (JNPR) initiated with a Sector Weight at Pacific Crest. 2. Bob Evans (BOBE) assumed with a Perform at Oppenheimer. 3. Keane Group (FRAC) initiated with a Neutral at Susquehanna. 4. Five Point Holdings (FPH) initiated with an Outperform at Evercore ISI, JMP Securities, and RBC Capital, a Buy at Citi, a Neutral at JPMorgan, as well as a Market Perform at Wells Fargo. 5. Hilton (HLT) initiated with a Buy at Argus. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/05/17
OPCO
06/05/17
INITIATION
Target $77
OPCO
Perform
Bob Evans assumed with a Perform at Oppenheimer
Oppenheimer analyst Rupesh Parikh assumed coverage of Bob Evans with a Perform rating and $77 price target. The stock is "nearly fulled valued" following the recent outperformance, the analyst contends.
FOGO Fogo De Chao

12/19/16
JPMS
12/19/16
NO CHANGE
JPMS
JPMorgan says sell Casual Dining names after recent rally
JPMorgan analyst John Ivankoe believes fundamentals in the Casual Dining space have not improved as much as the current stock prices suggest. He recommends fading the rally across the sector, even the names he rates Overweight. Ivankoe has Neutral ratings on Darden (DRI), Cheesecake Factory (CAKE), Texas Roadhouse (TXRH) and Fogo De Chao (FOGO) and Overweight ratings on Brinker (EAT) and Bloomin' Brands (BLMN). Supply growth in the Casual Dining space is increasing across the industry faster than demand while commodity cost benefits are moderating, Ivankoe tells investors in a research note.
05/04/17
ADAM
05/04/17
UPGRADE
Target $20
ADAM
Buy
Fogo De Chao upgraded to Buy at Canaccord
As reported previously, Canaccord analyst Lynne Collier upgraded Fogo de Chao to Buy from Hold ahead of Q1 results. She sees an improved outlook for the overall industry in the next 12-24 months and she has increased confidence in the company's ability to drive market share gains. Collier raised her price target to $20 from $16 on Fogo de Chao shares.
05/04/17
ADAM
05/04/17
UPGRADE
ADAM
Buy
Fogo De Chao upgraded to Buy from Hold at Canaccord
05/04/17
05/04/17
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. First Solar (FSLR) upgraded to Buy from Neutral at BofA/Merrill with analyst Krish Sankar saying First Solar's execution has improved and said the low cost Series 6 product could lead to better margins starting in the second quarter of 2018. Sankar also told investors First Solar's valuation is attractive and the balance sheet has strengthened. 2. Fogo De Chao (FOGO) upgraded to Buy from Hold at Canaccord with analyst Lynne Collier saying she sees an improved outlook for the overall industry in the next 12-24 months and she has increased confidence in the company's ability to drive market share gains. Collier raised her price target to $20 from $16 on Fogo de Chao shares. 3. Carlyle Group (CG) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Robert Lee citing the "strong" first quarter results and accrued carry. 4. Regions Financial (RF) upgraded to Buy from Neutral at BofA/Merrill with analyst Erika Najarian saying the market is undervaluing a "significant capital return story" following the year-to-date underperformance relative to peers. The analyst sees upside to the dividend and thinks Regions can return 20% of its market capitalization over the next two years. Her price target of $17 implies 20% upside from current levels. 5. Bunge (BG) upgraded to Neutral from Underweight at JPMorgan with analyst Ann Duignan citing a balanced risk/reward following the 11% post-earnings selloff. The analyst keeps a $70 price target for the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LNCE Snyder's-Lance
$35.51

-0.3 (-0.84%)

04/18/17
UBSW
04/18/17
NO CHANGE
Target $37
UBSW
Neutral
Better visibility needed to be more constructive on Snyder's-Lance, says UBS
UBS analyst Steven Strycula questioned whether Snyder's-Lance shares were oversold with yesterday's 15% move lower following its profit warning. Strycula noted it caught investors off-guard, as did the company's swift CEO change. The analyst said despite its selloff, the shares did not get cheaper on a near-term basis and for him to get more constructive he would need more visibility, which will hopefully be addressed on the its May 8 earnings call. Strycula maintained his Neutral rating and lowered his price target to $37 from $44 on Snyder's-Lance shares.
04/17/17
RHCO
04/17/17
DOWNGRADE
RHCO
Hold
Snyder's-Lance downgraded to Hold from Buy at SunTrust
03/22/17
UBSW
03/22/17
INITIATION
Target $44
UBSW
Neutral
Snyder's-Lance initiated with a Neutral at UBS
UBS analyst Steven Strycula started Snyder's-Lance with a Neutral rating and $44 price target. The analyst prefers to wait for a more favorable entry point into the shares.
04/17/17
04/17/17
DOWNGRADE
Target $30

Hold
Snyder's-Lance downgraded after guidance cut, CEO departure at SunTrust
As previously reported, SunTrust analyst William B. Chappell, Jr. downgraded Snyder's-Lance to Hold from Buy after the company's Q1 results missed estimates, its guidance was lowered, and its CEO departed, saying he has limited confidence that trends will improve in the near-term and sees limited catalysts over the next few quarters. The analyst lowered his price target on Snyder's-Lance shares to $30 from $45.
SYY Sysco
$53.86

-0.64 (-1.17%)

05/04/17
BMOC
05/04/17
UPGRADE
BMOC
Outperform
Sysco upgraded on attractive attributes at BMO Capital
As noted earlier, BMO Capital upgraded Sysco to Outperform from Market Perform. Analyst Kelly Bania says that investors may rotate into Sysco, given what she sees as the company's "similar financial profile to consumer staple stocks" and its lower risk compared with many of the names in that category. The analyst says that food service volumes appear to be steady, while the company is more protected from Amazon (AMZN) than many consumer staple names. Target to $60 from $56.
05/04/17
BMOC
05/04/17
UPGRADE
BMOC
Outperform
Sysco upgraded to Outperform from Market Perform at BMO Capital
05/15/17
LOOP
05/15/17
INITIATION
Target $61
LOOP
Buy
Sysco initiated with a Buy at Loop Capital
Loop Capital analyst Andrew Wolf initiated Sysco with a Buy rating and $61 price target, noting that his 2017 and 2018 profit forecasts are above consensus and expressing a positive view on the company's strategic focus on boosting returns on existing assets.
06/16/17
RBCM
06/16/17
NO CHANGE
RBCM
Amazon deal shouldn't directly hurt foodservice distributors, says RBC Capital
RBC Capital said Amazon's (AMZN) deal for Whole Foods (WFM) should not have a direct negative impact on foodservice distributors such as Sysco (SYY), US Foods (USFD) and Performance Food Group (PFGC), noting that there is not enough dock space at Whole Foods to help the e-commerce giant service restaurant needs, though they do acknowledge that combo may take a "small share" from restaurant occasions.
ANF Abercrombie & Fitch
$12.21

-0.38 (-3.02%)

05/25/17
EVER
05/25/17
NO CHANGE
EVER
American Eagle, Abercrombie & Fitch added to Model Portfolio at Evercore ISI
Evercore ISI analyst Omar Saad added a new 4% American Eagle (AEO) Long Position and a new 2% Abercrombie & Fitch (ANF) Long Position in the Model Portfolio following reports of merger discussions between the two companies. Saad believes a merger is more compelling than the market anticipates and will create a stronger, more flexible platform that can navigate shifts occurring across retail.
05/25/17
WDLK
05/25/17
NO CHANGE
WDLK
Sell
Abercrombie & Fitch overall sales and margin trends week, says Wunderlich
Wunderlich said Abercrombie & Fitch's Q1 report illustrated traction in the mid-price Hollister brand, but highlighted weak overall sales and margins trends that will continue to depress earnings power and intrinsic value. The firm's analyst would like to see tangible evidence of trends improving and expects intrinsic value of the company may still remain well below current valuations. Shares are Sell rated.
05/12/17
RBCM
05/12/17
NO CHANGE
RBCM
Abercrombie has less than 25% chance of carrying out deal, says RBC Capital
After Abercrombie & Fitch (ANF) confirmed that it had preliminary talks with several parties regarding a potential deal, RBC Capital analyst Brian Tunick says there is less than a 25% chance of a deal occurring. Among the hurdles are the large declines in the stocks of a number of companies that have bought retailers recently, Abercrombie & Fitch's high overseas exposure, and its "still struggling adult brand," according to the analyst. However, Tunick says there is some strategic rationale for a deal between American Eagle (AEO) and Abercrombie & Fitch. Such a transaction would give the combined company "landlord clout and real estate rationalization control; and "promotional and positioning control over three teen/young adult brands," according to the analyst. He thinks the combined company could generate EPS of about $1.50 by fiscal 2019, but warns that the deal would be dilutive to Abercrombie & Fitch in the nearer term and could erode value as other recent deals in the sector have done. The analyst keeps an Underperform rating on Abercrombie & Fitch and an Outperform rating on American Eagle.
05/26/17
MSCO
05/26/17
NO CHANGE
Target $9
MSCO
Underweight
Abercrombie & Fitch remains in structural decline, says Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger said Abercrombie & Fitch's Q4 loss reinforces her view that the company is in structural decline and may not be profitable again. Greenberger does not expect shares to trade on fundamentals given takeout rumors but reiterates its Underweight rating and $9 price target.
JILL J.Jill
$12.85

0.16 (1.26%)

04/03/17
04/03/17
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. J.Jill (JILL) was initiated with a Buy at UBS, BofA/Merrill, SunTrust, Jefferies, and Deutsche Bank, J.Jill was initiated with an Overweight at Morgan Stanley, with a Market Perform at Wells Fargo, an Outperform at Cowen, and a Neutral at Macquarie. 2. Snap (SNAP) initiated with a Hold at Argus. 3. Ctrip.com (CTRP) initiated with an Outperform at Cowen. 4. MasTec (MTZ) initiated with a Neutral at Credit Suisse. 5. Physicians Realty Trust (DOC) initiated with an Outperform at FBR Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/03/17
MSCO
04/03/17
INITIATION
Target $15
MSCO
Overweight
J.Jill initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger initiated J.Jill with an Overweight and a $15 price target citing superior top-line growth, eCommerce penetration, and a highly loyal and affluent customer base, among other reasons.
04/03/17
UBSW
04/03/17
INITIATION
Target $16
UBSW
Buy
J.Jill initiated with a Buy at UBS
UBS analyst Michael Binetti initiated J.Jill with a Buy rating and $16 price target, citing its e-commerce business and low physical store count.
04/03/17
BOFA
04/03/17
INITIATION
Target $18
BOFA
Buy
J.Jill initiated with a Buy at BofA/Merrill
BofA/Merrill initiated J.Jill with a Buy and an $18 price target.
JACK Jack in the Box
$105.30

-0.66 (-0.62%)

05/18/17
05/18/17
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. Symantec (SYMC) downgraded to Neutral from Buy at UBS with analyst Fatima Boolani citing a more balanced risk/reward. 2. Jack in the Box (JACK) downgraded to Sector Weight from Overweight at KeyBanc and to Market Perform from Outperform at Telsey Advisory. 3. Grainger (GWW) downgraded to Sell from Hold at Deutsche Bank with analyst John Inch saying the company is "positioned to quickly lose share" as competitors respond with price cuts of their own. 4. Stratasys (SSYS) downgraded to Hold from Buy at Jefferies with analyst James Kisner citing the recent rally in the shares and uncertainty around the timing of new manufacturing opportunities. The analyst raised his price target for the stock to $30 from $24 following the company's first quarter results. 5. Endologix (ELGX) was downgraded to Equal Weight from Overweight at Stephens, to Neutral from Buy at BTIG, and to Hold from Buy at Stifel. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/02/17
06/02/17
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. Wayfair (W) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Nagel saying the company's sales growth has been reaccelerating lately and its "inventory-light" business model is both powerful and underappreciated. 2. Estee Lauder (EL) and Ulta Beauty (ULTA) were upgraded to Buy from Hold at Jefferies. 3. Deere (DE) upgraded to Neutral from Underweight at JPMorgan with analyst Ann Duignan saying she likes the strategic fit of the Wirtgen Group acquisition and believes it will open up new markets for growth. 4. Jack in the Box (JACK) upgraded to Outperform from Market Perform at Wells Fargo with analyst Jeff Farmer saying the potential sale of the Qdoba concept is not being fully reflected in the shares. 5. Fastenal (FAST) upgraded to Buy from Neutral at Longbow with analyst Chris Dankert saying distribution checks are at the highest level to date trending at 5.3% growth, an acceleration from 4.3% growth reported during March checks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/02/17
OPCO
06/02/17
NO CHANGE
Target $125
OPCO
Outperform
Jack in the Box risk/reward 'intriguing' in Qdoba sale, says Oppenheimer
Oppenheimer analyst Brian Bittner says his analysis identifies an "intriguing" risk/reward in Jack in the Box shares if Qdoba is sold. As a standalone, Jack in the Box would be "free to further improve cost structure, leverage and cap-ex versus estimates," the analyst tells investors in a research note. He reiterates an Outperform rating on the shares with a $125 price target. Wells Fargo this morning upgraded Jack in the Box on the potential Qdoba sale.
06/02/17
WELS
06/02/17
UPGRADE
Target $125
WELS
Outperform
Jack in the Box upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Jeff Farmer upgraded Jack in the Box to Outperform saying the potential sale of the Qdoba concept is not being fully reflected in the shares. Jack's valuation multiple would positively inflect with the improved EBITDA margin and free cash flow conversion profile that would come with a Qdoba sale, the analyst contends. He raised his price target for the shares to $125 from $114.
LOCO El Pollo Loco
$14.10

-0.25 (-1.74%)

11/04/16
WBLR
11/04/16
DOWNGRADE
WBLR
Market Perform
El Pollo Loco downgraded to Market Perform from Outperform at William Blair
William Blair analyst Sharon Zackfia downgraded El Pollo Loco to Market Perform from Outperform following the company's worse than expected Q3 earnings and same-store sales. She also lowered her 2017 estimate due to expectations for slowing comp trends, labor inflation, and continued expansion into new markets to pressure results.
11/04/16
WBLR
11/04/16
DOWNGRADE
WBLR
Market Perform
El Pollo Loco downgraded to Market Perform from Outperform at William Blair
07/26/16
STFL
07/26/16
DOWNGRADE
STFL
Hold
El Pollo Loco downgraded to Hold from Buy at Stifel
Stifel analyst Paul Westra downgraded El Pollo Loco based on the firm's belief that the U.S. economy will probably enter a recession within nine months. As a result, the firm now expects two year industrywide comps to come in at 0.5% in the first half of 2018, versus the consensus outlook of 1.75%, Westra stated. :
ULTA Ulta Beauty
$296.50

2.33 (0.79%)

06/13/17
GUGG
06/13/17
INITIATION
GUGG
Neutral
Ulta Beauty initiated with a Neutral at Guggenheim
06/06/17
STFL
06/06/17
NO CHANGE
STFL
Estee Lauder stronger focus on specialty retailers will be positive, says Stifel
After meeting with Ulta Beauty (ULTA), Stifel analyst Mark Astrachan says that Estee Lauder's (EL) increased emphasis on specialty retailers " will diversify the company's exposure from weaker channels like U.S. mid-tier department stores. " The analyst quotes Ulta as saying that the launch of Estee's largest brand by Ulta will enable Estee to attract new customers. He expects Ulta to add additional Estee Lauder brands in the future. The analyst raised his price target on Estee Lauder to $108 from $98 and keeps a Buy rating on the stock.
06/14/17
06/14/17
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. Ulta Beauty (ULTA) initiated with a Neutral at Guggenheim. 2. Floor & Decor (FND) initiated with a Neutral at Wedbush. 3. Callaway Golf (ELY) initiated with a Market Perform at Cowen. 4. Gladstone Investment (GAIN) initiated with an Outperform at Wedbush. 5. Fortinet (FTNT) initiated with a Buy at Monness Crespi. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
COT Cott Corp.
$14.43

0.04 (0.28%)

06/07/17
BMOC
06/07/17
UPGRADE
BMOC
Outperform
Cott Corp. upgraded on valuation, earnings outlook at BMO Capital
As noted earlier, BMO Capital upgraded Cott (COTT) to Outperform from Market Perform. Analyst Amit Sharma upgraded the stock based on valuation and his belief that its "attractive earnings growth outlook" makes its stock more likely to rise than a number of its peers' shares. He says that the improved visibility of the company's HOD water/coffee business makes him more confident that it can lower its exposure to structurally challenged beverage areas. He adds that this development can enable its cash flow to rise by at least 10% over the next 2-3 years.
12/20/16
SBSH
12/20/16
NO CHANGE
Target $15
SBSH
Buy
Cott Corp. pullback a buying opportunity, says Citi
Citi analyst Wendy Nicholson said the recent pullback in Cott is a good buying opportunity and recent management meetings give her confidence in the long-term prospects for the company.
06/07/17
06/07/17
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. Ormat Technologies (ORA) upgraded to Overweight from Neutral at JPMorgan with analyst Paul Coster saying he believes the company is well positioned to continue posting revenue growth and margin expansion over the next few years. 2. Tenet (THC) upgraded to Outperform from Market Perform at Leerink. 3. Cott Corp. (COT) and Dr Pepper Snapple (DPS) were upgraded to Outperform from Market Perform at BMO Capital. 4. Sun Life Financial (SLF) upgraded to Outperform from Sector Perform at RBC Capital with analyst Darko Mihelic saying net flows and Assets Under Management at the company's MFS unit have improved over the last two months. He also notes that the stock has fallen about 12% since February. 5. Valvoline (VVV) upgraded to Buy from Neutral at Seaport Global with analyst Michael Harrison saying he expects the oil market to return to looser supply/demand and pricing to decline in the summer once Motiva completes its Port Arthur, TX turnaround in June, which would be a positive for Valvoline 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.
06/07/17
BMOC
06/07/17
UPGRADE
BMOC
Outperform
Cott Corp. upgraded to Outperform from Market Perform at BMO Capital
RRGB Red Robin
$63.90

-1.15 (-1.77%)

05/17/17
BOFA
05/17/17
UPGRADE
Target $80
BOFA
Buy
Red Robin upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Gregory Francfort upgraded Red Robin to Buy and raised its price target to $80 from $65 following the solid Q1 report. The analyst said Red Robin is showing signs of stabilization and believes the the grater focus on ROIC and store level margins will drive share higher.
05/26/17
ADAM
05/26/17
UPGRADE
Target $90
ADAM
Buy
Red Robin upgraded to Buy from Hold at Canaccord
Canaccord analyst Lynne Collier upgraded Red Robin to Buy from Hold to reflect greater confidence in its top-line drivers and in stable to improving casual dining trends. The analyst said the top line should improve with the company's focus on value and curbside pickup and the potential for it to turn comps positive. Collier raised her price target to $90 from $72 on Red Robin shares.
05/26/17
05/26/17
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. GlaxoSmithKline (GSK) upgraded to Buy from Hold at Berenberg with analyst Alistair Campbell saying Glaxo's long-term value is emerging and the market underappreciates the strength and breadth of its diversified business. 2. Rayonier Advanced Materials (RYAM) was upgraded to Buy from Hold at Vertical Research and to Buy from Neutral at BofA/Merrill. 3. Red Robin (RRGB) upgraded to Buy from Hold at Canaccord with analyst Lynne Collier citing greater confidence in its top-line drivers and in stable to improving casual dining trends. Collier raised her price target to $90 from $72 on Red Robin shares. 4. Star Bulk Carriers (SBLK) upgraded to Buy on valuation at Seaport Global with analyst Magnus Fyhr citing the pullback in shares and favorable drybulk market fundamentals. Fyhr raised his price target on Star Bulk shares to $13 from $11.50. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/11/17
MAXM
05/11/17
NO CHANGE
Target $75
MAXM
Buy
Red Robin price target raised to $75 ahead of earnings at Maxim
Maxim analyst Stephen Anderson raised his price target on Red Robin to $75 from $70 ahead of the company's Q1 report on May 16, though he lowered his Q1 EPS view to 61c from 67c and cut his same-restaurant sales estimate to down 2.9% from down 2.7%. He anticipates easier comparisons on sales as 2017 progresses raised his 2018 EPS estimate and expects management to emphasize shareholder returns rather than unit growth, he tells investors. Anderson keeps a Buy rating on Red Robin shares.

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ALDR

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Alcoa

$32.33

1.15 (3.69%)

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-0.08 (-3.27%)

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