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FDX

FedEx

$209.59

-0.86 (-0.41%)

, ADBE

Adobe

$140.35

2.51 (1.82%)

13:09
06/20/17
06/20
13:09
06/20/17
13:09

Notable companies reporting after market close

Notable companies reporting after the market close, with earnings consensus, include FedEx (FDX), consensus $3.88... Adobe (ADBE), consensus 95c... Red Hat (RHT), consensus 53c... Korn/Ferry (KFY), consensus 59c... La-Z-Boy (LZB), consensus 46c.

FDX

FedEx

$209.59

-0.86 (-0.41%)

ADBE

Adobe

$140.35

2.51 (1.82%)

RHT

Red Hat

$90.58

0.23 (0.25%)

KFY

Korn/Ferry

$33.72

-0.09 (-0.27%)

LZB

La-Z-Boy

$26.45

-0.8 (-2.94%)

  • 20

    Jun

  • 20

    Jun

  • 20

    Jun

  • 20

    Jun

  • 21

    Jun

  • 07

    Jul

FDX FedEx
$209.59

-0.86 (-0.41%)

06/12/17
STFL
06/12/17
NO CHANGE
STFL
FedEx shares likely to advance to $225, says Stifel
After attending a conference, Stifel analyst David Ross says that air freight trends remain "healthy," and he expects that trend to continue through the end of the year, Ross quotes the firm's.technical analyst as saying that the stock is "near a breakout," and he thinks that the shares are likely to rise to $225 before going back to $190. Ross keeps a Hold rating on the shares.
06/06/17
06/06/17
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. Hartford Financial (HIG) initiated with a Buy at Deutsche Bank. 2. FedEx (FDX) and UPS (UPS) were initiated with a Neutral at Seaport Global. 3. Gardner Denver (GDI) was initiated with an Outperform at William Blair and Baird, an Overweight at Piper Jaffray, a Buy at Stifel, UBS, and Goldman Sachs, as well as a Neutral at Credit Suisse. 4. Solaris Oilfield (SOI) was initiated with an Outperform at Wells Fargo, Oppenheimer, Evercore ISI, and Credit Suisse, an Overweight at Piper Jaffray, as well as a Buy at Goldman Sachs and Wunderlich. 5. LeMaitre (LMAT) initiated with a Hold at Craig-Hallum. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/06/17
GHSC
06/06/17
INITIATION
GHSC
Neutral
FedEx initiated with a Neutral at Seaport Global
Seaport Global analyst Kevin Sterling initiated FedEx with a Neutral saying a lot of good news is already reflected in valuation and with Amazon potentially developing its own integrated network, shares could be under pressure near-term.
06/15/17
OPCO
06/15/17
NO CHANGE
Target $229
OPCO
Outperform
FedEx price target raised to $229 from $218 at Oppenheimer
Oppenheimer analyst Scott Schneeberger raised his price target for FedEx to $229 on expectations for "strong" earnings growth in FY18. The analyst expects a "solid" finish to FY17 and thinks next fiscal year will provide a "favorable initial indication" of the combined FedEx Express/TNT Express entity. He reiterates an Outperform rating on the shares.
ADBE Adobe
$140.35

2.51 (1.82%)

06/15/17
BERN
06/15/17
NO CHANGE
BERN
Multiple software companies to benefit from AI, says Bernstein
Bernstein analyst Mark L. Moerdler believes that software companies will capture more than 50% of the revenue from AI. Multiple software companies will be able to benefit from the emergence of AI by creating "more efficient algorithms, " he believes. Microsoft (MSFT) will be well-positioned to use AI to drive adoption of its Azure cloud offering, while Adobe (ADBE) can use the technology to increase adoption of its cloud offerings and monetize AI through its IO product, the analyst believes. Splunk (SPLK) has added Machine Learning capabilities to its big data platform, and they are being used to deliver its security offerings, according to Moerdler. Over the longer term, the company should be able to incorporate machine learning into other products,the analyst stated. Oracle (ORCL) is benefiting from the use of AI in conjunction with its cloud offerings and from Machine Learning that it uses in conjunction with its data sources, the analyst stated. Finally, Salesforce's (CRM) Einstein Artificial Intelligence could give the company a competitive advantage over some competitors who do not offer similar functionality, he wrote. The analyst keeps Outperform ratings on all the stocks named except for Salesforce, which he continues to rate Underperform.
06/12/17
06/12/17
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. 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.
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.
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.
RHT Red Hat
$90.58

0.23 (0.25%)

03/28/17
SPHN
03/28/17
NO CHANGE
Target $100
SPHN
Overweight
Red Hat price target raised to $100 from $90 at Stephens
Stephens analyst Jonathan Ruykhaver raised his price target for Red Hat to $100 from $90 after the company reported Q4 results above consensus expectations, anchored by a large multi-year Navy deal and a telco deal worth about $100M/year. The analyst reiterates an Overweight rating on the shares.
03/28/17
COWN
03/28/17
NO CHANGE
Target $93
COWN
Outperform
Red Hat price target raised to $93 from $88 at Cowen
Cowen analyst Gregg Moskowitz said Red Hat reported "very good" Q4 billings growth and he sees the company being well positioned on many fronts. The analyst, who expects RHEL and middleware to take meaningful share and for the company's public cloud momentum to keep rising, raised his price target on Red Hat to $93 from $88 and keeps an Outperform rating on the stock.
05/24/17
BERN
05/24/17
INITIATION
BERN
Market Perform
Red Hat initiated with a Market Perform at Bernstein
Bernstein analyst Zane Chrane started coverage of Red Hat with a $102 price target and a Market Perform rating. The analyst says that the rating is based on valuation.
06/19/17
WELS
06/19/17
NO CHANGE
WELS
Red Hat should report beat and raise results, says Wells Fargo
Wells Fargo expects Red Hat to report beat and raise results, driven by "continued demand for Red Hat Linux and strong cross-selling of its emerging technologies." The firm says its checks indicate "that OpenStack and OpenShift have started gaining significant tractions." It keeps an Outperform rating on the stock.
KFY Korn/Ferry
$33.72

-0.09 (-0.27%)

03/20/17
TIGR
03/20/17
INITIATION
TIGR
Neutral
Korn/Ferry initiated with a Neutral at Tigress Financial
Tigress Financial analyst Ivan Feinseth started Korn/Ferry with a Neutral rating saying the recent share rally reflects a "very optimistic outlook."
06/12/17
SIDC
06/12/17
INITIATION
Target $43
SIDC
Buy
Korn/Ferry initiated with a Buy at Sidoti
Sidoti initiated Korn/Ferry with a Buy and a $43 price target.
04/10/17
WBLR
04/10/17
UPGRADE
WBLR
Outperform
Korn/Ferry upgraded to Outperform from Market Perform at William Blair
William Blair analyst Timothy McHugh upgraded Korn/Ferry to Outperform citing improving demand and potential capital deployment.
02/15/17
RHCO
02/15/17
NO CHANGE
RHCO
Korn/Ferry shares should be bought at current levels, says SunTrust
SunTrust analyst Tobey Sommer says a survey of private executive search firms indicates that their sentiment is improving. Additionally, the analyst remains upbeat on KornFerry's Futurestep business, and Sommer keeps a $34 price target and a Buy rating on the stock.
LZB La-Z-Boy
$26.45

-0.8 (-2.94%)

02/22/17
STFL
02/22/17
DOWNGRADE
STFL
Hold
La-Z-Boy downgraded to Hold from Buy at Stifel
02/23/17
STFL
02/23/17
DOWNGRADE
STFL
Hold
La-Z-Boy downgraded on results, sectior weakness at Stifel
Stifel analyst John Baugh downgraded La-Z-Boy, as he says that the company's January quarter results show that it is having difficulty generating organic growth. The analyst adds that "the furniture business remains challenged." Target to $30 from $33.
02/23/17
02/23/17
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. NVIDIA (NVDA) downgraded to Underperform from Market Perform at BMO Capital and to Reduce from Buy at Nomura. 2. L Brands (LB) downgraded to Neutral from Overweight at Atlantic Equities. 3. FLIR Systems (FLIR) downgraded to In-Line from Outperform at Imperial Capital with analyst Jeff Kessler citing valuation following the recent rally in the shares. The analyst maintains a $38 price target for the stock. 4. La-Z-Boy (LZB) downgraded to Hold from Buy at Stifel with analyst John Baugh saying the company's January quarter results show that it is having difficulty generating organic growth. The analyst adds that "the furniture business remains challenged." 5. Dorman Products (DORM) downgraded to Market Perform from Outperform at FBR Capital with analyst Christopher Van Horn citing valuation. The analyst raised his price target for the shares to $80 from $68. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/05/17
01/05/17
DOWNGRADE

Market Perform
La-Z-Boy downgraded to Market Perform on valuation at Raymond James
As previously reported, Raymond James downgraded La-Z-Boy to Market Perform from Strong Buy. Analyst Budd Bugatch said risk/reward going forward is now, at best, balanced and potentially vulnerable to downside with any market downdraft and/or change in company/industry fortunes.

TODAY'S FREE FLY STORIES

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PRGS

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BNPQY

BNP Paribas

$39.68

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BNP weighing tie-up of money-management division with Axa unit, Bloomberg says »

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AXAHY

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CHFC

Chemical Financial

$49.32

0.71 (1.46%)

07:45
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Chemical Financial rating change  »

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QSII

Quality Systems

$15.71

-0.14 (-0.88%)

07:45
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N.Y. FX Outlook »

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HOLI

Hollysys

$20.77

0.42 (2.06%)

07:44
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Conference/Events
Hollysys management to meet with Deutsche Bank »

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CYTK

Cytokinetics

$14.25

0.1 (0.71%)

, AMGN

Amgen

$186.47

-1 (-0.53%)

07:44
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AMGN

Amgen

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  • 25

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KORS

Michael Kors

$44.65

-0.27 (-0.60%)

07:43
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Technical Analysis
Technical View: Michael Kors moves higher, analyst action »

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INTC

Intel

07:43
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Intel Capital invested over $1B in AI-focused companies, TechCrunch says »

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  • 23

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PDCO

Patterson Companies

$37.94

-0.59 (-1.53%)

07:43
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BABA

Alibaba

$179.98

3.28 (1.86%)

, BSTI

BEST Inc

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Syndicate
BEST Inc cuts size of proposed IPO following 'tepid' response, Reuters reports »

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BEST Inc

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FOLD

Amicus

$13.67

-0.21 (-1.51%)

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RAD

Rite Aid

$2.73

0.1 (3.80%)

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MDGL

Madrigal Pharmaceuticals

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MDSO

Medidata

$75.85

-0.01 (-0.01%)

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  • 25

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ABX

Barrick Gold

$16.92

-0.38 (-2.20%)

07:40
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SFTBF

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$78.30

0.3501 (0.45%)

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MCK

McKesson

$148.42

-1.46 (-0.97%)

07:38
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SUPN

Supernus

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0.6 (1.22%)

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HSIC

Henry Schein

$80.90

-1.98 (-2.39%)

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