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SNAP

Snap

$15.56

-0.13 (-0.83%)

, CYBR

CyberArk

$51.00

0.56 (1.11%)

10:30
07/14/17
07/14
10:30
07/14/17
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. Snap (SNAP) downgraded to Market Perform from Outperform at Cowen with analyst John Blackledge lowering his 2017 and longer-term advertising revenue estimates for Snap to reflect a more competitive environment within Digital advertising. He also believes contribution from the company's new advertising monetization products like Direct Response and Self Serve are not likely to be meaningful in the near term. 2. CyberArk (CYBR) was downgraded to Equal Weight from Overweight at Stephens, to Hold from Buy at Deutsche Bank, and to Neutral from Overweight at JPMorgan. 3. At Home Group (HOME) downgraded to Neutral from Buy at Goldman Sachs with analyst Matthew Fassler citing valuation with the shares up 82% since his upgrade to Buy on November 30, 2016. 4. A10 Networks (ATEN) downgraded to Sector Weight from Overweight at KeyBanc with analyst Alex Kurtz citing "substantially" lower projected growth rates following the company's weaker than expected preliminary second quarter results. 5. Himax (HIMX) downgraded to Underperform from Perform at Oppenheimer with analyst Andrew Uerkwitz saying lowered smartphone expectations in China for 2017 will weigh on the company's near-term orders. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

SNAP

Snap

$15.56

-0.13 (-0.83%)

CYBR

CyberArk

$51.00

0.56 (1.11%)

HOME

At Home Group

$22.95

-0.5314 (-2.26%)

ATEN

A10 Networks

$6.75

-1.495 (-18.14%)

HIMX

Himax

$8.01

-0.07 (-0.87%)

  • 19

    Jul

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    Jul

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    Aug

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  • 05

    Sep

SNAP Snap
$15.56

-0.13 (-0.83%)

07/14/17
COWN
07/14/17
DOWNGRADE
Target $17
COWN
Market Perform
Cowen downgrades Snap after cutting advertising revenue estimates
Cowen analyst John Blackledge downgraded Snap to Market Perform from Outperform and cut his price target for the shares to $17 from $21. The shares closed yesterday up 45c to $15.69 after Stifel upgraded the name to Buy. Blackledge lowered his 2017 and longer-term advertising revenue estimates for Snap to reflect a more competitive environment within Digital advertising. He also believes contribution from the company's new advertising monetization products like Direct Response and Self Serve are not likely to be meaningful in the near term. Snap's longer term opportunity remains significant, however, Blackledge tells investors in a research note.
07/14/17
COWN
07/14/17
DOWNGRADE
COWN
Market Perform
Snap downgraded to Market Perform from Outperform at Cowen
07/13/17
07/13/17
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. Snap (SNAP) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying Snap shares offer a "compelling risk/reward opportunity." 2. Progressive (PGR) upgraded to Strong Buy from Outperform at Raymond James with analyst Gregory Peters saying he believes Progressive will continue to grow net premiums written at a double digit pace through 2017 and is well positioned to benefit from emerging smartphone technology to monitor and price for distracting driving over the next 24 months. 3. Agilent (A) upgraded to Outperform from Market Perform at Wells Fargo. 4. Hain Celestial (HAIN) upgraded to Buy from Hold at Maxim with analyst Anthony Vendetti saying that its fiscal 2018 guidance implies a turnaround in its business while the company's reporting of its prior financials without any major restatements has removed an accounting overhang. 5. Fastenal (FAST) upgraded to Strong Buy from Outperform at Raymond James analyst Sam Darkatsh saying he thinks yesterday's selloff in Fastenal shares is entirely related to MSC Industrial's (MSM) gross margin commentary and is unwarranted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/13/17
STFL
07/13/17
UPGRADE
Target $22
STFL
Buy
Stifel upgrades Snap to Buy on 'compelling' post-selloff opportunity
Stifel analyst Scott Devitt upgraded Snap (SNAP) to Buy from Hold with a $22 price target. The shares closed yesterday down 23c to $15.24. Following the recent selloff on the Q1 revenue miss, concerns over the company's lock-up event beginning in late July and increased competition from Facebook's (FB) Instagram, Snap shares offer a "compelling risk/reward opportunity," Devitt tells investors in a research note partially titled "Relishing the Opportunity." Near-term risks to revenue-generating daily active users may be overstated as recent app download trends "appear healthy" in key advertising markets, the analyst adds. He believes Snap's business "remains on track fundamentally" despite the market concerns and "persistent" comparisons to Twitter (TWTR). Piper Jaffray this morning cut Snap's price target to $16.50 on concerns over competition from Instagram.
CYBR CyberArk
$51.00

0.56 (1.11%)

07/14/17
SPHN
07/14/17
DOWNGRADE
SPHN
Equal Weight
CyberArk downgraded to Equal Weight from Overweight at Stephens
07/14/17
OPCO
07/14/17
NO CHANGE
Target $51
OPCO
Outperform
CyberArk price target lowered to $51 from $60 at Oppenheimer
Oppenheimer analyst Shaul Eyal lowered his price target for CyberArk Software to $51 saying the company preannounced "weak" Q2 results. The analyst views the results as disappointing but keeps an Outperform rating on the shares.
07/14/17
JMPS
07/14/17
NO CHANGE
JMPS
CyberArk growth will rebound, says JMP Securities
After CyberArk reported weaker than expected results, JMP Securities analyst Erik Suppiger says that the company's European market is "volatile," possibly due to upcoming GDPR regulations or the recent wave of ransomware attacks." The analyst says that "the company's endpoint solution for least privilege management performed well," and he expects its growth to rise "comfortably above 20%." He cut his price target on the shares to $53 from $62 but keeps an Outperform rating on the stock.
07/14/17
NEED
07/14/17
NO CHANGE
Target $55
NEED
Buy
Needham remains a buyer of CyberArk on pre-announcement weakness
Needham analyst Alex Henderson said CyberArk shares are "likely to be in the penalty box" after the company's negative Q2 pre-announcement, though he still strongly believes in the need for Privilege Access Management and thinks GDPR will revitalize growth at the company. Henderson expects valuation to be punished cut his price target on the stock to $55 from $62, though he remains a buyer on weakness and keeps a Buy rating on CyberArk shares.
HOME At Home Group
$22.95

-0.5314 (-2.26%)

07/14/17
GSCO
07/14/17
DOWNGRADE
Target $24
GSCO
Neutral
At Home Group downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Matthew Fassler downgraded At Home Group to Neutral citing valuation with the shares up 82% since his upgrade to Buy on November 30, 2016. The analyst views the company's growth story as "solid," however, and raised his price target for the shares to $24 from $22.50.
07/06/17
07/06/17
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. Nike (NKE) initiated with an Outperform at Raymond James. 2. JPMorgan (JPM) initiated with a Neutral at Goldman Sachs. 3. At Home Group (HOME) initiated with a Buy at SunTrust. 4. Logitech (LOGI) initiated with a Buy at Citi. 5. Medtronic (MDT) initiated with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/17
RHCO
07/06/17
INITIATION
Target $28
RHCO
Buy
At Home Group initiated with a Buy at SunTrust
SunTrust analyst David Magee initiated At Home Group with a Buy and a $28 price target given its solid positioning, topline growth, quality management, and a degree of protection from internet competition.
04/05/17
04/05/17
NO CHANGE

At Home Group appoints Lewis Bird III as Chairman
At Home Group has elected Lewis L. Bird III as Chairman of the Board. Bird currently serves as CEO and President and has served on the board since joining the company in 2012. This announcement comes as Eltrich steps down as Chairman. He will remain an active director on the Board.
ATEN A10 Networks
$6.75

-1.495 (-18.14%)

07/14/17
KEYB
07/14/17
DOWNGRADE
KEYB
Sector Weight
A10 Networks downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Alex Kurtz downgraded A10 Networks to Sector Weight citing "substantially" lower projected growth rates following the company's weaker than expected preliminary Q2 results. The analyst believes regaining demand momentum could take several quarters.
07/14/17
PIPR
07/14/17
DOWNGRADE
Target $136
PIPR
Neutral
F5 Networks downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Troy Jensen downgraded F5 Networks (FFIV) to Neutral and lowered his price target for the shares to $136 from $144. The product refresh cycle is not playing out as expected and product growth "could remain challenged," Jensen tells investors in a research note. His firm's Q2 channel survey highlighted a quarter-over-quarter downtick in demand for F5 with below plan responses outnumbering above plan responses, reversing a three quarter uptrend. Jensen says the negative preannouncement from A10 Networks (ATEN) only compounded his concerns. The analyst believes F5's previous growth assumptions and forward earnings are at risk.
10/31/16
DADA
10/31/16
UPGRADE
DADA
Buy
A10 Networks upgraded on valuation at DA Davidson
As noted earlier, DA Davidson upgraded A10 Networks to Buy from Neutral. Analyst Mark Kelleher upgraded the stock based on valuation. He says that the company "remains well-positioned in its core ADC and DDoS markets" despite its September quarter revenue miss. Target $10.50.
10/31/16
DADA
10/31/16
UPGRADE
DADA
Buy
A10 Networks upgraded to Buy from Neutral at DA Davidson
HIMX Himax
$8.01

-0.07 (-0.87%)

05/11/17
LSCM
05/11/17
DOWNGRADE
LSCM
Hold
Himax downgraded to Hold from Buy at Lake Street
04/17/17
MACQ
04/17/17
INITIATION
Target $40
MACQ
Outperform
Himax initiated with an Outperform at Macquarie
Macquarie analyst Lynn Luo initiated Himax with an Outperform and a $40 price target saying the company is well positioned to ride on the 3D sensing trend with capability in both components and total solutions. Luo forecasts Himax's revenue will grow 7%/26% in 2017/18, and with margin expansion in 3D sensing, she estimates Himax's earnings will grow 32%/55% in 2017/18.
07/14/17
OPCO
07/14/17
DOWNGRADE
OPCO
Underperform
Himax downgraded to Underperform from Perform at Oppenheimer
Oppenheimer analyst Andrew Uerkwitz downgraded Himax Technologies to Underperform with a $4 price target. Lowered smartphone expectations in China for 2017 will weigh on the company's near-term orders, Uerkwitz tells investors in a research note. The analyst believes a "smooth" turnaround for Himax's DDIC business is unlikely and notes his estimates for the company have been Street-low for some time.
07/11/17
NORL
07/11/17
NO CHANGE
NORL
Outperform
Himax could see some near-term revenue weakness, says Northland
Northland analyst Tome Sepenzis said a number of Chinese handset OEM's have slowed down new ordering, particularly in the TDDI segment. The analyst believes there could be some near-term weakness in the small/medium driver business with a pick up later in the year. As a result, Sepenzi believes Himax could report June revenues in the low $150M range, versus consensus of $153M, with potential September guidance lower as well. If the stock weakens in the near-term, Sepenzis would use it as a buying opportunity and reiterates his Outperform rating and $10 price target on Himax.

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QEP

QEP Resources

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VLKAY

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NSH

NuStar GP Holdings

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