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AMZN

Amazon.com

$1,001.81

1.18 (0.12%)

, JPM

JPMorgan

$92.25

-0.85 (-0.91%)

16:33
07/14/17
07/14
16:33
07/14/17
16:33

Stocks have strong week as Yellen comments read to be dovish

Stocks finished the week with strong gains after Janet Yellen took to Capitol Hill and gave her semi-annual monetary policy report. The Fed Chair's commentary was generally regarded as dovish and supportive of stocks, which extended their gains on Friday despite the fact that three of the nation's largest banks saw their shares dip following their earnings reports. MACRO NEWS: In the U.S., initial jobless claims fell 3,000 to 247,000 in the week ended July 8. The producer-price index edged up 0.1% in June, with the core up 0.1% as well. The consumer-price index was flat in June, with the core CPI up 0.1%, as analysts forecast. Retail sales slipped 0.2% in June, with the ex-auto component also declining 0.2%. Industrial production rose 0.4% in June, beating estimates and pulling capacity up to 76.6%. The University of Michigan consumer confidence index fell another 2.0 points to 93.1 in the preliminary reading for July. Business inventories rebounded 0.3% in May, with sales down 0.2%. COMPANY NEWS: Amazon (AMZN) shares rose by 1.25% on Wednesday after the company announced that sales on July 11, its latest Prime Day, surpassed Black Friday and Cyber Monday to make it the biggest day ever in Amazon history. Piper Jaffray analyst Michael Olson, who estimates Amazon sold 88M total units during yesterday's Prime Day versus 55M last year, said the company's ability to maintain the same 60% units sold growth rate it saw last year on Prime Day again this year was "an impressive feat.". eBay (EBAY) also experienced its two best sales day ever for July after ramping up advertising in anticipation of Prime Day, Bloomberg reported, citing a person familiar with the matter... PayPal (PYPL) shares rose over 3% the same day after the company reported a new partnership with Apple (AAPL), announcing that its customers will be able to pay for App Store, Apple Music, iTunes and iBooks purchases using their PayPal account... Shares of Target (TGT) advanced nearly 5% on Thursday after the company reported that it now expects to report a "modest increase" in its second quarter comparable sales and earnings above the high end of its previous guidance range given improved traffic and sales trends through the first two months of the quarter... Shares of Snap Inc. (SNAP) fell 9% on Tuesday after Morgan Stanley analyst Brian Nowak downgraded the stock to Equal Weight from Overweight saying that its ad product is not evolving as quickly as expected, while Facebook's (FB) Instagram competition is increasing. Meanwhile, another more recent high-profile IPO, Blue Apron (APRN), fell 12% that day after Northcoast initiated coverage of the stock with a Sell rating and $2 price target... Sprint (S) shares jumped on Friday afternoon after the Wall Street Journal reported that Sprint chairman Masayoshi Son had met separately with Berkshire Hathaway's (BRK.A) Warren Buffett and Liberty Media's (LMCA) John Malone about potentially investing in the wireless company. Discussions are currently at an early stage, the Journal noted, though one possibility would see Berkshire put over $10B into a transaction with Sprint. Reuters later reported that Berkshire and Liberty are exploring a joint investment of at least $10B in the wireless carrier, according to a source. M&A: ClubCorp (MYCC) jumped 30% on Monday after the company agreed to be acquired by Apollo Global (APO) for $1.1B, or $17.12 per share. Abercrombie & Fitch (ANF) dropped about 21% the same day after the company announced that it terminated discussions regarding a potential deal after its board of directors determined that the best path to enhance value for stockholders is "the rigorous execution" of its business plan. Meanwhile, Tesaro (TSRO) shares dropped after CNBC's David Faber reported that his sources indicate there is "nothing imminent at all" in terms of Tesaro reaching a deal to sell itself, as it appears that bidding interest has not met with the company's expectations. EARNINGS: JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) all slid after the three big banks kicked off earnings season with their reports. Among other companies that announced quarterly results this week, PepsiCo (PEP), Barracuda Networks (CUDA) and Barnes & Noble Education (BNED) declined immediately following their reports. INDEXES: The Dow gained about 1% to close at 21,637.74, the S&P 500 rose about 1.4% to close at 2,459.27, and the Nasdaq advanced about 2.56% to close at 6,312.47.

AMZN

Amazon.com

$1,001.81

1.18 (0.12%)

JPM

JPMorgan

$92.25

-0.85 (-0.91%)

WFC

Wells Fargo

$54.99

-0.61 (-1.10%)

C

Citi

$66.72

-0.3 (-0.45%)

S

Sprint

$8.55

0.35 (4.27%)

LMCA

Liberty Media

$0.00

(0.00%)

BRK.A

Berkshire Hathaway

$256,020.00

20 (0.01%)

BRK.B

Berkshire Hathaway

$169.47

-0.22 (-0.13%)

EBAY

eBay

$37.08

0.58 (1.59%)

PYPL

PayPal

$57.16

-0.74 (-1.28%)

AAPL

Apple

$149.04

1.27 (0.86%)

MYCC

ClubCorp

$17.10

0.05 (0.29%)

APO

Apollo Global

$27.26

0.07 (0.26%)

ANF

Abercrombie & Fitch

$8.89

-0.14 (-1.55%)

SNAP

Snap

$15.27

-0.42 (-2.68%)

APRN

Blue Apron

$7.36

-0.04 (-0.54%)

PEP

PepsiCo

$114.93

0.91 (0.80%)

CUDA

Barracuda

$22.70

-0.2 (-0.87%)

TGT

Target

$53.23

-0.08 (-0.15%)

TSRO

Tesaro

$126.17

-2.96 (-2.29%)

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AMZN Amazon.com
$1,001.81

1.18 (0.12%)

07/14/17
GSCO
07/14/17
UPGRADE
Target $84
GSCO
Conviction Buy
Wal-Mart upgraded to Conviction Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Fassler upgraded Wal-Mart Stores (WMT) to Conviction Buy from Neutral and raised his price target for the shares to $84 from $78. The retailing giant closed yesterday up $1.11 to $75.05. Wal-Mart is as well positioned as any mass market retailer to handle Amazon.com's (AMZN) increased focus on consumables as well as the "uncertain" retail environment, Fassler tells investors in a research note. The analyst Wal-Mart's small-market focus and current inventory discipline. He notes that his earnings forecasts are above consensus for the next two fiscal years. Fassler this morning also upgraded Ulta Beauty (ULTA) to Conviction Buy from Neutral.
07/14/17
JPMS
07/14/17
NO CHANGE
JPMS
Underweight
JPMorgan keeps Underweight on Nordstrom after management meetings
JPMorgan analyst Matthew Boss keeps an Underweight rating on Nordstrom (JWN) after meeting management at the company's headquarters. Management would not comment on their evaluation of strategic alternatives and the meeting was reshuffled to exclude members of the Nordstrom family while incoming CFO Anne Bramman attended but did not actively participate, Boss tells investors in a research note. The analyst views the company's EBITDA roadmap as "increasingly uncertain" with a greater emphasis on fashion to differentiate mix versus Amazon.com (AMZN) and rising costs of customer acquisition. He believes the retailer's fundamental multi-year risk profile is elevated.
07/12/17
BARD
07/12/17
UPGRADE
Target $53
BARD
Outperform
Baird sees Fastenal as potential Amazon target, upgrades to Outperform
Baird analyst David Manthey upgraded Fastenal (FAST) to Outperform from Neutral with a $53 price target following this morning's Q2 results. The analyst attributes the intraday selloff to peer MSC Industrial's (MSM) comments on gross margin and believes the "upside case is too compelling to ignore." Fastenal, because it owns the last mile, is the most likely acquisition candidate by Amazon.com (AMZN), Manthey tells investors in a research note. The analyst likes the company's "seasonal setup" and improving fundamentals despite the later-cycle environment. The distributor of industrial and construction supplies is off its lows but remains down 3% to $42.09 in midday trading.
07/14/17
LEHM
07/14/17
NO CHANGE
Target $40
LEHM
Underweight
Amazon can be big threat to Williams-Sonoma, says Barclays
Following an analysis that compares product overlap, Barclays analyst Matthew McClintock believes Amazon.com (AMZN) can be a "considerable threat" to Williams-Sonoma (WSM). The analyst estimates that 50% of the first 10 "Top Rated" items by category listed on Williams-Sonoma's website have exact overlap with Amazon. Further, McClintock found that Amazon beat on price on 50 of the 69 items, or 73%. The analyst says he's bearish on Williams-Sonoma following his analysis. In a research note titled "The Next AMZN Shoe to Drop?", he keeps an Underweight rating on the shares with a $40 price target.
JPM JPMorgan
$92.25

-0.85 (-0.91%)

07/06/17
GSCO
07/06/17
INITIATION
Target $93
GSCO
Neutral
JPMorgan initiated with a Neutral at Goldman Sachs
Goldman analyst Richard Ramsden resumed coverage on JPMorgan with a Neutral and a $93 price target saying it is a best-in-class franchise with a premium multiple.
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.
07/07/17
RBCM
07/07/17
NO CHANGE
RBCM
Vantiv acquisition defensive near-term, strategic long-term, says RBC Capital
After Vantiv (VNTV) agreed to buy Worldpay, RBC Capital analyst Daniel Perlin says that the deal is "defensive today" because of "weakness in big-box mall retail," deflationary grocery pricing, after the Whole Foods (WFM) deal, and "the looming threat of JPMorgan's (JPM) closed-loop network potentially driving down acquiring fees." But the analyst thinks that the deal will certainly create value over the long-term, due to Worldpay's global platform and the fact that its aggregate revenue yields are about 47% higher than those of Vantiv. The analyst keeps a $73 price target and an Outperform rating on Vantiv.
07/11/17
BARD
07/11/17
NO CHANGE
BARD
Big bank set-up not great, would sell into extended rally, says Baird
Baird analyst David George does not see a great set-up for money-center banks heading into Q2 earnings. He said the trade looks crowded and he would be a seller into an extended rally. George said the risk/reward is less attractive following the sector's most recent rally as economic growth remains muted and the pace of NIM expansion may slow. George believes the biggest potential catalyst would be a gradual steepening of the yield curve and pick-up on loan growth.
WFC Wells Fargo
$54.99

-0.61 (-1.10%)

05/25/17
BERN
05/25/17
NO CHANGE
BERN
Wells Fargo valuation can increase over time, says Bernstein
Bernstein analyst John McDonald says that Wells Fargo's "underlying business remains attractive," citing its "industry leading deposit base,diverse portfolio of fee businesses, large branch network" that could be optimized, and its $300B at the Fed that could be deployed as interest rates increase. The analyst says that the company is looking to cut $4B in costs and should benefit from higher rates. He thinks that its valuation can "rise over time."
04/25/17
04/25/17
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. Best Buy (BBY) upgraded to Buy from Neutral at BofA/Merrill with analyst Denise Chai citing stronger than expected product cycles in TVs, phones, and time smart home technology, strong online growth, increased focus on high margin services like subscription warranties and in-home services, and new cost savings opportunities. 2. JPMorgan (JPM) and American Express (AXP) were upgraded to Buy from Neutral at Guggenheim while Wells Fargo (WFC) was upgraded to Neutral from Sell. 3. Crane (CR) upgraded to Outperform from Market Perform at William Blair with analyst Nicholas Heymann citing the company's first quarter results. 4. NCI Building (NCS) upgraded to Outperform from Sector Perform at RBC Capital with analyst Robert Wetenhall saying he is more confident in the outlook of the company's end markets and the growth potential of its insulated metal panels business. The analyst believes that worries about the impact of steel price fluctuations on the company's margins are overdone, as he says that hedging can reduce the impact of such fluctuations. 5. Terex (TEX) upgraded to Overweight from Neutral at JPMorgan with analyst Ann Duignan saying the stock looks undervalued based on the company's 2020 targets. Following Terex's Q1 upside and raised 2017 outlook, the analyst upped her price target for the shares to $47 from $30. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/09/17
RBCM
06/09/17
NO CHANGE
RBCM
House financial reform bill unlikely to advance in Senate, says RBC Capital
RBC Capital analyst Gerard Cassidy says that the financial regulation reform bill passed yesterday by the House would help the banking sector but probably won;t be passed by the Senate. Large publicly traded banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
05/12/17
BARD
05/12/17
NO CHANGE
Target $58
BARD
Outperform
Wells Fargo slowly turning the corner, says Baird
Baird analyst David George noted Wells Fargo updated its 2017 guidance at its analyst day and reset expectations. He believes the estimates are conservative and continues to like the longer-term risk/reward for Wells Fargo shares. Coupled with its discounted valuation, the downside should be limited, added George, who reiterated his Outperform rating and $58 price target on Wells Fargo.
C Citi
$66.72

-0.3 (-0.45%)

07/11/17
07/11/17
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. Blue Apron (APRN) initiated with a Sell rating and $2.00 price target at Northcoast. 2. Cheesecake Factory (CAKE) initiated with an Outperform at Wedbush. 3. Graphic Packaging (GPK) initiated with a Buy at DA Davidson. 4. Masimo (MASI) initiated with a Buy at Stifel. 5. Citi (C) initiated with a Hold at HSBC. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/17
HSBC
07/11/17
INITIATION
Target $71
HSBC
Hold
Citi initiated with a Hold at HSBC
HSBC analyst Alevizos Alevizakos initiated Citi with a Hold and a $71 price target saying higher profitability and buybacks appear reflected in valuation.
06/09/17
06/09/17
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. Zynga (ZNGA) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Brian Nowak saying the company's in-game innovation, starting with Poker, is resulting in higher engagement and monetization. 2. Citi (C) upgraded to Neutral from Sell at UBS with analyst Saul Martinez saying he sees an improved risk/reward at current share levels. Global growth "looks resilient," protectionist policies have not emerged, and the path forward for structural reforms in the U.S. "is not as clear." 3. Comerica (CMA) upgraded to Outperform from Market Perform at FBR Capital. 4. Camping World (CWH) upgraded to Buy from Neutral at Goldman Sachs with analyst David Tamberrino saying he expects growth to continue despite late-cycle concerns. 5. Humana (HUM) upgraded to Buy from Hold at Argus with analyst David Toung saying he is upbeat about its growth outlook following the termination of its merger deal with Aetna (AET). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
S Sprint
$8.55

0.35 (4.27%)

05/30/17
BTIG
05/30/17
NO CHANGE
BTIG
Verizon shares could rise to $51 but outlook still mixed, says BTIG
BTIg analyst Walter Piecyk believes that Verizon's (VZ) stock can rise to $51. He notes that the company's wireless "margins and churn are still near record levels," while Sprint's (S) CEO expects prices for unlimited data plans to rise. Additionally, the analyst believes that the chances of Verizon making "a large dilutive acquisition" have decreased, while Verizon would benefit from a merger of Sprint and T-Mobile (TMUS). However, the analyst lowered his estimates for Verizon ,and he thinks that the company's dividend could be at risk over the longer term. Moreover, he warns that the stock could come under pressure if the T-Mobile/Sprint merger falls through, while a new , "well-funded" competitor could enter the wireless space. He keeps a Neutral rating on Verizon.
05/30/17
MOFT
05/30/17
NO CHANGE
MOFT
U.S. telecom sector upgraded to Neutral from Sell at MoffettNathanson
MoffettNathanson analyst Craig Moffett upgraded the U.S. telecom sector to Neutral from Sell. As reasons for the upgrade, the analyst cited valuation, lack of near-term negative catalysts, interest rate easing, and a potential merger between Sprint (S) and T-Mobile (TMUS). Other stocks in the sector include Verizon (VZ) and AT&T (T). The firm today upgraded AT&T to Neutral from Sell.
05/15/17
COWN
05/15/17
NO CHANGE
Target $70
COWN
Outperform
Sprint, T-Mobile merger not a sure thing, says Cowen
Cowen analyst Colby Synesael tells investors the near-term risk in both Sprint (S) and T-Mobile (TMUS) has increased based on the possibility of a deal not happening, the unclear nature of what the deal structure would look like, and the fact that Sprint does not need a deal like it once did. The analyst does not feel a deal between the two is a sure thing. He believes T-Mobile's fundamentals should continue to create shareholder value, while the embedded M&A premium in Sprint shares has created meaningful risk. Synesael rates Sprint Market Perform with a $6.50 target. T-Mobile is rated Outperform with a $70 price target.
06/27/17
JEFF
06/27/17
NO CHANGE
JEFF
Jefferies sees Sprint takeover by Comcast, Charter as less likely
Jefferies analyst Mike McCormack says this morning's Wall Street Journal report exclusive talks between Sprint (S) and Comcast (CMCSA)/Charter (CHTR) is not surprising. He believes the cable operators are looking for better MVNO terms and that an outright acquisition or equity stake is less likely. The report provides an indication of just how far apart Sprint and T-Mobile (TMUS) may be in any discussions, McCormack tells investors in a research note. The exclusive talks may also push T-Mobile closer to DISH (DISH), the analyst adds.
LMCA Liberty Media
$0.00

(0.00%)

01/09/17
SBSH
01/09/17
DOWNGRADE
Target $32
SBSH
Neutral
Liberty Media downgraded to Neutral from Buy at Citi
Citi analyst Jason Bazinet downgraded Liberty Media Group to Neutral citing some near-term risks around the Formula One deal. The circuit could shrink in 2017 and again in 2019, while F1 owners' willingness to sell their Liberty Media equity privately at 20% below the prevailing public price is troubling, Bazinet tells investors in a research note. He keeps a $32 price target for the shares.
03/22/17
PIPR
03/22/17
NO CHANGE
Target $18
PIPR
Overweight
Piper says survey supports positive view of Pandora shares
Piper Jaffray analyst Stan Meyers continues to believe that Liberty Media (LMCA) and SiriusXM (SIRI) remain a potential buyer of Pandora Media (P) with the price likely dependent on the success of Pandora's new Premium and Plus offerings. The analyst conducted a second survey of Pandora users and found that demand from current listeners for the Pandora Premium remained largely unchanged at 15% while interest in Pandora Plus declined from 28% to 14%. The survey shows "meaningful pent-up demand" for Pandora's new offerings, Meyers tells investors in a research note. He believes this supports his positive view on the shares. Meyers has an Overweight rating on Pandora with an $18 price target.
01/17/17
01/17/17
DOWNGRADE
Target $29

Market Perform
Liberty Media downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Barton Crockett downgraded Liberty Media to Market Perform and raised its price target to $29 from $25. The analyst raised estimates to account for the Formula One business that Liberty is poised to acquire this week but said shares are up 44% from the reference price at the time of the transaction on September 7, 2016.
03/27/17
SBSH
03/27/17
INITIATION
Target $25
SBSH
Buy
WWE initiated with a Buy at Citi
Citi analyst Jason Bazinet started WWE (WWE) with a Buy rating and $25 price target. WWE's transition to a web-based subscription model should result in better growth through 2020 and increases the company's strategic value to likely suitors, such as 21st Century Fox (FOXA), Comcast (CMCSA) and Formula One (LMCA), the analyst contends.
BRK.A Berkshire Hathaway
$256,020.00

20 (0.01%)

07/12/17
LOOP
07/12/17
NO CHANGE
Target $42
LOOP
Buy
Core-Mark unlikely to 'get Amazoned,' says Loop Capital
Loop Capital analyst Andrew Wolf said he sees Core-Mark (CORE) as the least likely company among those he covers to get "Amazoned," or put at risk by Amazon (AMZN) buying a competitor. Its closest competitor McLane, which is owned by Berkshire Hathaway (BRK.B), is highly unlikely to sell to Amazon given that its largest customer is Amazon's rival Wal-Mart (WMT), Wolf tells investors. He keeps a Buy rating on Core-Mark and raised his target on the shares to $42 from $40 citing his increased 2018 EPS forecast.
06/27/17
06/27/17
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. Impinj (PI) was downgraded to Sector Weight from Overweight by Pacific Crest analyst Brad Erickson based on valuation. 2. Mizuho analyst Haendel St. Juste downgraded Store Capital (STOR) to Neutral from Buy citing fair valuation following recent strength driven by Berkshire Hathaway's (BRK.A) investment. 3. Camtek (CAMT) was downgraded to Hold from Buy by Needham analyst Y. Edwin Mok, as he expects to see some deceleration as the PCB business normalizes and he believes large orders for back-end semi inspections are already reflected in the stock after its recent run-up. 4. Nomura Instinet analyst Dan Dolev downgraded Cintas (CTAS) to Neutral from Buy after lowering his FY18 uniform rental organic growth forecasts to 5% from 7%. 5. Atlantic Equities analyst Barry MacCarthy downgraded Hess Corp. (HES) and Schlumberger (SLB), both to Neutral from Overweight, given his view of the limited prospects for an oil price rebound. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/17
03/20/17
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. Monness Crespi analyst James Cakmak initiated Snap (SNAP) with a Buy and a $25 price target. 2. Workday (WDAY) initiated with a Buy at BofA/Merrill. 3. Berkshire Hathaway (BRK.A) initiated with an Equal Weight at Morgan Stanley. 4. MeetMe (MEET) initiated with a Buy at Canaccord. 5. ARC Document (ARC) resumed with a Buy at B. Riley. 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
MSCO
05/16/17
NO CHANGE
Target $212
MSCO
Overweight
IBM at attractive entry point ahead of mainframe cycle, says Morgan Stanley
Morgan Stanley analyst Katy Huberty attributes recent weakness in shares of IBM (IBM) to the combination of the news that Warren Buffett's Berkshire Hathaway (BRK.A) cut its stake by a third and the company's weak Q1 gross margin trends. However, growth accelerates and margins expand historically for IBM around a mainframe cycle, making the pullback an attractive entry point, according to Huberty. The analyst, who sees a number of the gross margin pressures that have recently plagued IBM abating in the second half of 2017, has a $212 price target on Big Blue's shares.
BRK.B Berkshire Hathaway
$169.47

-0.22 (-0.13%)

01/03/17
ARGS
01/03/17
INITIATION
ARGS
Hold
Berkshire Hathaway initiated with a Hold at Argus
Argus analysts Stephen Biggar and Mike Jaffe started coverage of Berkshire Hathaway with a Hold rating. The analysts expect the company's earnings growth to come in below that of the market in 2017, and they are concerned about the company's succession plan for Chairman and CEO Warren Buffet and Vice Chairman Charlie Munger. The analysts say that the men "will be difficult to replace." They believe that the stock appears to be fairly valued at current levels.
02/22/17
02/22/17
NO CHANGE

Morgan Stanley would not dismiss possibility of Berkshire buying an airline
With Warren Buffett's Berkshire Hathaway (BRK.A) recently disclosing an increase to its overall airline exposure, making the firm a number one or two holder for each of the "Big 4," Morgan Stanley polled investors and found that about 60% do not expect this to be a step towards a full-scale acquisition. However, analyst Rajeev Lalwani said the prospect of Berkshire buying an airline is a possibility that is "not worth dismissing," citing the historical precedent of Buffett's involvement in the rail industry and eventual deal to buy Burlington Northern SantaFe in 2009. The top four U.S. airlines include American Airlines (AAL), Delta Air Lines (DAL), Southwest (LUV) and United Continental (UAL).
EBAY eBay
$37.08

0.58 (1.59%)

07/13/17
BARD
07/13/17
NO CHANGE
Target $38
BARD
Outperform
eBay appears to end Q2 on positive note, says Baird
Baird analyst Colin Sebastian sees room for upside in Q2 estimates for eBay as the firm's proprietary tracker showed some acceleration in growth relative to May - from mid/high single digits into low double digits. The analyst said data also showed U.K. online spending trends suggested June improvement as well. Sebastian reiterated his Outperform rating and $38 price target on eBay shares.
07/07/17
LOOP
07/07/17
NO CHANGE
Target $49
LOOP
Buy
PayPal soon to be more 'acquirable,' but takeover unlikely, says Loop Capital
PayPal's (PYPL) upcoming two-year anniversary of its spin-off from eBay (EBAY) marks the expiration of the M&A prohibition to preserve the transaction's tax-free status, Loop Capital analyst Joseph Vafi tells investors in a research note. While PayPal will become more "acquirable," its competitive advantage is not compelling enough to merit takeout premium in its valuation, the analyst contends. He points out that the company continues to see "material" transaction margin declines on incremental revenue growth. Vafi believes the next step for PayPal will be to accelerate its own acquisition efforts to further diversify its business. He raised his price target for the shares to $49 from $46 and keeps a Hold rating on the name.
07/11/17
AGIS
07/11/17
NO CHANGE
Target $42
AGIS
Buy
eBay should benefit from Prime Day too, says Aegis
Aegis analyst Victor Anthony noted that eBay (EBAY) management has previously stated that Amazon's (AMZN) Prime Day was "a really strong day of growth for us." He believes eBay can have an improved performance on this latest iteration of Amazon's shopping holiday given eBay's heavily discounted deal for Google Home. Anthony keeps a Buy rating and $42 price target on eBay shares.
06/05/17
06/05/17
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. Yelp (YELP) upgraded to Buy from Neutral at BofA/Merrill with analyst Justin Post saying consensus estimates are achievable following the first quarter headline miss. The analyst sees improved quarterly net account adds ahead and improved execution driving shares higher. 2. Exxon Mobil (XOM) upgraded to Outperform from Sector Perform at Scotia Howard Weil with the firm saying recent weakness provides a buying opportunity for this defensive play within the oil patch. 3. eBay (EBAY) upgraded to Outperform from Neutral at Credit Suisse with analyst Paul Bieber assuming coverage on the stock while saying there are multiple paths to create value. 4. Gap (GPS) upgraded to Outperform from Perform at Oppenheimer with analyst Anna Andreeva saying the shares are down 17% from last month's highs despite the retailer posting 12% earnings growth in the first quarter. 5. Outfront Media (OUT) upgraded to Buy from Hold at Loop Capital with analyst David Miller saying he believes the "reward outweighs the risk" with the shares down 17% over the past 15 weeks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PYPL PayPal
$57.16

-0.74 (-1.28%)

07/13/17
MONN
07/13/17
NO CHANGE
MONN
PayPal price target raised to $70 from $54 at Monness Crespi
After conducting checks, Monness Crespi analyst James Cakmak raised his price target on PayPal (PYPL) . He says that the market is failing to appreciate the boost to PayPal's margins that its Pay with Venmo product will bring. The analyst also expects PayPal to make an international deal with Alphabet's (GOOG,GOOGL) Android and he thinks that its newly announced deal with Apple (AAPL) "diminishes competitive risks." Cakmak adds that the company can benefit meaningfully from a partnership with Facebook (FB), The analyst keeps a Buy rating on PayPal.
07/13/17
BERN
07/13/17
NO CHANGE
BERN
PayPal deal lowers comeptitive threat, says Bernstein
After PayPal (PYPL) announced a partnership deal with Apple (AAPL), Bernstein analyst Lisa Ellis says that the deal lowers the "wildcard" threat of competition for PayPal. The analyst adds that the deal could enable PayPal to access iPhones through NFC in the future or make a broader partnership deal with Apple Pay. Ellis keeps a $61 price target and an Outperform rating on PayPal.
07/14/17
PIPR
07/14/17
NO CHANGE
Target $54
PIPR
Neutral
PayPal price target raised to $54 from $45 at Piper Jaffray
Piper Jaffray analyst Jason Deleeuw raised his price target for PayPal (PYPL) to $54 saying easing currency headwinds will complement "continued solid" U.S. and international digital payment volume trends. The bar for the company's Q2 results has been raised given PayPal's "significant short-term share outperformance and premium valuation" to Visa (V) and MasterCard (MA), Deleeuw tells investors in a research note. The analyst keeps a Neutral rating on PayPal citing long-term competitive risks.
07/14/17
JEFF
07/14/17
NO CHANGE
Target $61
JEFF
Buy
PayPal Q2 report has less catalyst potential than Q1, says Jefferies
Jefferies analyst Ramsey El-Assal says intra-quarter data points suggest "modest upside" to PayPal's Q2 estimates. The analyst, however, believes this quarter has less catalyst potential than last due to elevated investor expectations. El-Assal continues to believe the net impact of a less capital intensive credit model should prove manageable for PayPal. He keeps a Buy rating on the shares with a $61 price target.
AAPL Apple
$149.04

1.27 (0.86%)

07/12/17
JPMS
07/12/17
NO CHANGE
JPMS
Overweight
Apple adding PayPal as payment option is significant, says JPMorgan
JPMorgan analyst Tien-tsin Huang says Apple (AAPL) adding PayPal (PYPL) as a payment option, as announced last night by PayPal COO Bill Ready in a blog post, is significant as it provides "yet another example of a payment foe," in this case Apple Pay, choosing to work with PayPal as a payment partner. The analyst admits that it is difficult to size the deal. He has an Overweight rating on PayPal. The stock in premarket trading is up 63c to $55.39.
07/12/17
BOFA
07/12/17
NO CHANGE
Target $180
BOFA
Buy
Apple near-term estimates lowered on expected iPhone 8 delays at BofA/Merrill
BofA Merrill Lynch analyst Wamsi Mohan said the firm's supply chain checks suggest that the high-end OLED iPhone 8 will likely ship three to four weeks after the LCD models of the new device and that fingerprint and 3D sensors are also potential causes for delay. Given all of this, he is expecting a delayed launch for the iPhone 8 and cut his September quarter shipment estimate by about 11M units and lowered his December quarter iPhone estimates by 6M units. However, he keeps a Buy rating and $180 price target on Apple shares.
MYCC ClubCorp
$17.10

0.05 (0.29%)

01/13/17
IMPC
01/13/17
NO CHANGE
Target $21
IMPC
Outperform
Imperial sees ClubCorp strategic review leading to deal, ups target to $21
After ClubCorp announced that it is reviewing strategic alternatives, Imperial Capital analyst George Kelly said he believes it is likely that the company will be sold and raised his price target on the shares to $21 from $16, citing the valuations of recent transactions in the golf course space. He maintains an Outperform rating on the space.
03/06/17
MACQ
03/06/17
UPGRADE
Target $18
MACQ
Neutral
ClubCorp upgraded to Neutral from Underperform at Macquarie
Macquarie analyst Matthew Brooks downgraded ClubCar to Neutral saying shares are fairly valued and maintained an $18 price target.
01/12/17
STFL
01/12/17
NO CHANGE
STFL
ClubCorp could be worth $18-$22 in an acquisition, says Stifel
07/11/17
IMPC
07/11/17
DOWNGRADE
Target $17
IMPC
In-Line
ClubCorp downgraded to In-Line from Outperform at Imperial Capital
Imperial Capital analyst George Kelly downgraded ClubCorp to In-Line saying a higher bid to Apollo Global Management's is unlikely. The analyst keeps a $17 price target for the shares.
APO Apollo Global
$27.26

0.07 (0.26%)

02/09/17
WELS
02/09/17
NO CHANGE
WELS
Apollo Global stock could rise 15% on Athene Holding deal, says Wells Fargo
Wells Fargo estimates that Apollo Global's (APO) EPS could be boosted by 40c and its stock could rise 10%-15% if Athene Holding (ATH) buys Fidelity & Guarantee Life. The firm notes that Apollo Global "recognizes revenue and earnings (positive or negative) tied to Athene Holding stock price movements." Wells keeps an Outperform rating on Apollo Global.
02/06/17
BOFA
02/06/17
UPGRADE
Target $27
BOFA
Buy
Apollo Global upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Apollo Global to Buy and rasied its price target to $27 from $23 given expectations for improving fee related earnings, fund returns, and a rising distribution.
02/06/17
WELS
02/06/17
UPGRADE
WELS
Outperform
Apollo Global upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Christopher Harris upgraded Apollo Global to Outperform saying the market is underappreciating the "rapid growth" of the company's carry generating assets under management. The analyst raised his price target range for the shares to $25-$27 from $20-$22.
06/08/17
BOFA
06/08/17
UPGRADE
BOFA
Buy
Carlyle Group upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Michael Carrier upgraded Carlyle Group (CG) to Buy saying the outlook for alternative asset managers is improving following a challenging 2015 and 2016. The analyst highlights "healthy" fundraising, improving returns, and rising distributions for the space. Carrier raised his price target for Carlyle to $21 from $20 while noting that Apollo Global (APO) remains his top pick in the space.
ANF Abercrombie & Fitch
$8.89

-0.14 (-1.55%)

06/22/17
06/22/17
UPGRADE
Target $12

Hold
Abercrombie & Fitch upgraded to Hold at Wunderlich
As previously reported, Wunderlich analyst Eric Beder upgraded Abercrombie & Fitch to Hold from Sell with a $12 price target saying the risk/reward is balanced, though he remains cautious on the company's turnaround efforts.
06/22/17
06/22/17
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. Oracle (ORCL) upgraded to Outperform from Neutral at Wedbush with analyst Steve Koenig saying that the company's guidance for "roughly" double digit percentage fiscal 2018 earnings per share growth "looks achievable," while checks indicate that its PaaS and IaaS sales pipeline is strong. 2. Southwest (LUV) upgraded to Buy from Hold at Argus with analyst David Coleman saying shares have further upside. 3. Abercrombie & Fitch (ANF) upgraded to Hold from Sell at Wunderlich with analyst Eric Beder saying risk/rewards is balanced and remains cautious on the company's turnaround efforts. 4. CarMax (KMX) upgraded to Outperform from Sector Perform at RBC Capital with analyst Scot Ciccarelli saying that the company's comparable sales continue to beat expectations, and he thinks the company's sales should continue to be boosted by its improved use of Search Engine Optimization and declining used car valuations. 5. Brinker (EAT) upgraded to Market Perform from Underperform at BMO Capital with analyst Andrew Strelzik citing his belief that sector-wide restaurant comps will accelerate over the next several months due to weakening commodity prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/17
JEFF
07/10/17
NO CHANGE
Target $13
JEFF
Hold
Abercrombie's inability to land a deal not surprising, says Jefferies
Jefferies analyst Randal Konik believes the termination of Abercrombie & Fitch's (ANF) deal talks is not surprising given the retailer's "deteriorating fundamentals" and his view that "concept acquisitions destroy shareholder value." The analyst continues to prefer American Eagle (AEO) in the "challenged" teen apparel space and keeps a Hold rating on Abercrombie with a $13 price target.
07/10/17
DBAB
07/10/17
NO CHANGE
Target $9
DBAB
Sell
Abercrombie & Fitch price target lowered to $9 from $11 at Deutsche Bank
Deutsche Bank analyst Tiffany Kanaga lowered her price target for Abercrombie & Fitch to $9 after the company announced that it is no longer in talks to sell itself. The analyst has a Sell rating on the name. The retailer in early trading is down 17% to $10.03.
SNAP Snap
$15.27

-0.42 (-2.68%)

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
07/14/17
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. 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.
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.
07/14/17
COWN
07/14/17
DOWNGRADE
COWN
Market Perform
Snap downgraded to Market Perform from Outperform at Cowen
APRN Blue Apron
$7.36

-0.04 (-0.54%)

07/11/17
NRCS
07/11/17
INITIATION
Target $2
NRCS
Sell
Blue Apron initiated with a Sell, $2 target at Northcoast
Northcoast analyst Chuck Cerankosky started recently public Blue Apron with a Sell rating and $2 price target, as he sees it facing considerable competition not only from other online meal kit providers but also from conventional supermarkets that are increasingly focused on selling meal kits. Blue Apron has very high labor and shipping costs while its sales growth seems to be dependent on promotional discounts as of yet, added Cerankosky, who expects the company to continue to post losses.
PEP PepsiCo
$114.93

0.91 (0.80%)

06/07/17
BMOC
06/07/17
DOWNGRADE
BMOC
Market Perform
PepsiCo downgraded to Market Perform from Outperform at BMO Capital
06/07/17
BMOC
06/07/17
DOWNGRADE
BMOC
Market Perform
PepsiCo downgraded on valuation at BMO Capital
As noted earlier, BMO Capital downgraded PepsiCo to Market Perform from Outperform. Analyst Amit Sharma downgraded the stock based on valuation. Target to $120 from $118.
07/12/17
JPMS
07/12/17
NO CHANGE
Target $133
JPMS
Overweight
PepsiCo price target raised to $133 from $125 at JPMorgan
JPMorgan analyst Andrea Teixeira raised her price target for PepsiCo after meeting with management following the company's Q2 results. The meeting was positive, but there was a "slightly more cautiously optimistic tone," particularly around the outlook for North America Beverages for the remainder of 2017, Teixeira tells investors in a research note. The analyst, however, continues to believe Pepsi compares favorably relative to other large-cap multinational peers. She keeps an Overweight rating on the shares.
06/07/17
06/07/17
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. PepsiCo (PEP) and Coca-Cola (KO) were downgraded to Market Perform from Outperform at BMO Capital. 2. Rent-A-Center (RCII) downgraded to Sell from Hold at Loop Capital with analyst Anthony Chukumba saying the secular shift to "virtual" rent-to-own has impaired the value of the company's core U.S. business. 3. HD Supply (HDS) was downgraded to Neutral from Outperform at Baird and to Hold from Buy at Drexel Hamilton. 4. IMAX (IMAX) downgraded to Hold from Buy at Benchmark with analyst Mike Hickey saying he fears movie goers' enthusiasm for recliner installations has shifted share away from IMAX and he now worries that recent per screen average deterioration could "prove less than transitory." 5. Danaher (DHR) downgraded to Neutral from Buy at Janney Capital with analyst Paul Knight saying he sees the company having more work to do optimizing its portfolio. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CUDA Barracuda
$22.70

-0.2 (-0.87%)

07/10/17
JPMS
07/10/17
NO CHANGE
JPMS
Barracuda results bode well for Security earnings, says JPMorgan
JPMorgan analyst Sterling Auty believes Barracuda Networks' (CUDA) Q1 results tonight set a positive tone for the June quarter earnings of Security names. Based on Barracuda's quarter, the analyst expects to see "good things" from Mimecast (MIME), Palo Alto Networks (PANW), Fortinet (FTNT), Check Point (CHKP) and Imperva (IMPV). Auty also recommends using any post-earnings weakness in shares of Barracuda as a buying opportunity. He believes Barracuda is one of the best positioned Security companies to capitalize on the shift to the cloud. The analyst keeps an Overweight rating on the name.
05/12/17
JPMS
05/12/17
NO CHANGE
Target $33
JPMS
Overweight
Barracuda valuation does not reflect improvement, says JPMorgan
After meeting with management, JPMorgan analyst Sterling Auty raised his revenue estimates for Barracuda Networks. The company's transition has turned the corner and is entering an acceleration phase, which is not reflected in the current valuation, Auty tells investors in a research note. The analyst expects Barracuda's billings to accelerate and keeps an Overweight rating on the shares with a $33 price target.
07/11/17
JPMS
07/11/17
NO CHANGE
Target $35
JPMS
Overweight
Barracuda pullback a buying opportunity, says JPMorgan
JPMorgan analyst Sterling Auty recommends using the post-earnings pullback in shares of Barracuda Networks as a buying opportunity. While bears will focus on the company's the sequential decline in Q2 revenue and earnings, investors should focus on the revenue acceleration, 20% growth in core billings and commentary around the fast growing cloud business, Auty tells investors in a research note. He keeps an Overweight rating on the shares and upped his price target for Barracuda to $35 from $33.
07/06/17
KEYB
07/06/17
NO CHANGE
KEYB
Outlook for IT security names positive, says KeyBanc
KeyBanc analyst Rob Owens expects "robust spending" on IT security in 2018, driven by the EU's GDPR requirements and sales of new firewall products, as well as the impact of recent attacks. As a result, he says that the set-up for IT security names into 2H17 is positive. He identifies Barracuda (CUDA), Fortinet (FTNT), Okta (OKTA), Palo Alto Networks (PANW), and Rapid7 (RPD) as his favorite names in the space.
TGT Target
$53.23

-0.08 (-0.15%)

06/21/17
06/21/17
DOWNGRADE
Target $56

Neutral
Target cut to Neutral at Citi as top competitors 'change the game'
As previously reported, Citi analyst Kate McShane downgraded Target (TGT) to Neutral from Buy and lowered her price target on the retailer's stock to $56 from $63. Target's two main competitors - namely Wal-Mart (WMT) and Amazon (AMZN) - have "very quickly changed the game" with their recent deals for Jet.com, Bonobos and Whole Foods (WFM), said McShane. With Target already under pressure and its key differentiator, Signature, decelerating, the analyst thinks revenue growth will be tougher to achieve absent a "game changing move" of its own.
06/22/17
JPMS
06/22/17
NO CHANGE
JPMS
JPMorgan has 'hard time' seeing bidder topping Amazon deal for Whole Foods
Noting that Whole Foods (WFM) shares continue to trade above Amazon's (AMZN) agreed upon buying price of $42 per share, and that at least two other firm's raised their price targets above the deal price, JPMorgan's analyst team of Ken Goldman, Chris Horvers, and Doug Anmuth discussed their views on whether another strategic bidder is likely to top Amazon's takeover price with a rival bid. They have a "hard time seeing" Kroger (KR), Costco (COST), or Target (TGT) doing so, and while acknowledging that Wal-Mart (WMT) could make a bid, they think that its chance to beat out Amazon appears low and that Wal-Mart's primary opportunity is online, not grocery. The team concludes that they "don't believe a serious bid comes out of Bentonville that wouldn't be countered."
07/14/17
UBSW
07/14/17
NO CHANGE
Target $56
UBSW
Neutral
Target investors likely take wait and see approach following guidance, says UBS
UBS analyst Michael Lasser noted Target pre-announced better than expected Q2 results and the shares reacted positively. The analyst questioned whether the shares can hold onto their gains and he believes investors will take a wait and see approach to see if the company can generate an upward trend in its sales and traffic while maintaining its profitability. Lasser maintained his Neutral rating and $56 price target on Target shares.
07/14/17
MKMP
07/14/17
NO CHANGE
MKMP
MKM Partners still has concerns about Target
After Target said that its Q2 EPS was tracking above its previous guidance, MKM analyst Patrick McKeever says he is more upbeat about the company's outlook. However, he added that he "still has some concerns," including continued loss of share to online retailers and "continued challenges in the traffic-driving food business." The analyst keeps a $58 price target and a Neutral rating on the stock.
TSRO Tesaro
$126.17

-2.96 (-2.29%)

07/07/17
GABE
07/07/17
INITIATION
Target $175
GABE
Buy
Tesaro initiated with a Buy at Gabelli
Gabelli analyst Jing He initiated Tesaro with a Buy and a $175 price target saying sales can reach $1.4B by 2021 driven by Zejula and M&A activity in the PARPi space will act as a strong catalyst in the next 6-12 months.
07/07/17
07/07/17
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. FLIR Systems (FLIR) reinstated with an Overweight at Stephens. 2. Clovis (CLVS) and Tesaro (TSRO) initiated with a Buy at Gabelli. 3. Foot Locker (FL) initiated with a Perform at Oppenheimer. 4. Cliffs Natural (CLF) initiated with a Buy at Jefferies. 5. athenahealth (ATHN) initiated with a Hold 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.
07/14/17
SBSH
07/14/17
NO CHANGE
Target $216
SBSH
Buy
Citi reiterates $180 per share standalone valuation for Tesaro
After CNBC yesterday morning reported that a sale of Tesaro is unlikely, Citi analyst Robyn Karnauskas reiterated her $180 per share standalone valuation for the company. The analyst believes Niraparib is competitive in the PARP space and sees upside to the current share price. Her $216 price target is based on 60% standalone and 40% takeover potential. Karnauskas keeps a Buy rating on Tesaro.
07/13/17
JANY
07/13/17
NO CHANGE
Target $120
JANY
Neutral
Janney says Tesaro positioned for Q2 beat, but long-term outlook still cloudy
Janney Capital analyst Debjit Chattopadhyay noted in a preview of Tesaro's (TSRO) Q2 earnings report, which is expected in August, that he has an above consensus forecast for the company's revenue given its near-term monopoly with Zejula. However, his 2021 revenue forecast for Tesaro is at least $400M below consensus given his modest expectations for the CINV franchise and the rising competition Zejula will face from therapies coming from Clovis (CLVS) and AstraZeneca (AZN). Chattopadhyay keeps a Neutral rating and $120 fair value estimate on Tesaro shares, but added that he recognizes the potential for a buyout in the $150-$160 range "represents a risk" to his price target.

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0.23 (1.37%)

17:36
11/16/18
11/16
17:36
11/16/18
17:36
Hot Stocks
Aquestive receives CRL from FDA for tadalafil oral film »

Aquestive Therapeutics…

03/08/13
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  • 19

    Jan

DAKT

Daktronics

$7.67

0.07 (0.92%)

17:35
11/16/18
11/16
17:35
11/16/18
17:35
Hot Stocks
Daktronics adopts new shareholder rights agreement »

Daktronics announced that…

03/08/13
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  • 21

    Nov

TI

Telecom Italia

$6.02

0.12 (2.03%)

17:33
11/16/18
11/16
17:33
11/16/18
17:33
Periodicals
Gubitosi viewed as frontrunner for Telecom Italia CEO job, Reuters says »

Veteran Italian manager…

03/08/13
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MAXR

Maxar Technologies

$18.77

-0.59 (-3.05%)

17:30
11/16/18
11/16
17:30
11/16/18
17:30
Hot Stocks
Maxar Technologies shareholders approve U.S. domestication »

Maxar Technologies…

03/08/13
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PLUG

Plug Power

$1.83

(0.00%)

17:28
11/16/18
11/16
17:28
11/16/18
17:28
Syndicate
Breaking Syndicate news story on Plug Power »

Plug Power files to sell…

03/08/13
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GSB

GlobalSCAPE

$4.55

-0.02 (-0.44%)

17:22
11/16/18
11/16
17:22
11/16/18
17:22
Syndicate
Breaking Syndicate news story on GlobalSCAPE »

GlobalSCAPE files to sell…

03/08/13
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EQIX

Equinix

$388.18

2.67 (0.69%)

17:19
11/16/18
11/16
17:19
11/16/18
17:19
Hot Stocks
Equinix's Lee sells 2,792 common shares »

In a regulatory filing,…

03/08/13
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  • 26

    Nov

  • 10

    Dec

LMT

Lockheed Martin

$301.06

-4.42 (-1.45%)

17:17
11/16/18
11/16
17:17
11/16/18
17:17
Hot Stocks
Lockheed Martin awarded $282.09M Naval Sea Systems Command contract »

Lockheed Martin has been…

03/08/13
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TLGT

Teligent

$2.56

0.045 (1.79%)

17:16
11/16/18
11/16
17:16
11/16/18
17:16
Hot Stocks
Teligent receives notification of deficiency from Nasdaq »

Teligent said that on…

03/08/13
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STAF

Staffing 360 Solutions

$1.82

0.07 (4.00%)

17:16
11/16/18
11/16
17:16
11/16/18
17:16
Syndicate
Breaking Syndicate news story on Staffing 360 Solutions »

Staffing 360 Solutions…

03/08/13
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  • 19

    Nov

IMMR

Immersion

$9.56

-0.14 (-1.44%)

17:12
11/16/18
11/16
17:12
11/16/18
17:12
Hot Stocks
Breaking Hot Stocks news story on Immersion »

Man Group reports 4.84%…

03/08/13
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ATNX

Athenex

$11.95

0.74 (6.60%)

17:10
11/16/18
11/16
17:10
11/16/18
17:10
Hot Stocks
Breaking Hot Stocks news story on Athenex »

Perceptive Advisors…

03/08/13
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  • 27

    Nov

  • 02

    Dec

TSRO

Tesaro

$34.96

8.39 (31.58%)

17:08
11/16/18
11/16
17:08
11/16/18
17:08
Recommendations
Tesaro analyst commentary at Piper Jaffray »

Piper Jaffray says…

03/08/13
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  • 03

    Dec

EEI

Ecology & Environment

$10.50

-2 (-16.00%)

17:05
11/16/18
11/16
17:05
11/16/18
17:05
Hot Stocks
Ecology & Environment receives noncompliance notice from Nasdaq »

Ecology and Environment…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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AEE

Ameren

$69.29

0.01 (0.01%)

16:58
11/16/18
11/16
16:58
11/16/18
16:58
Hot Stocks
Ameren exec Nelson sells $690,000 worth of common shares »

Ameren SVP, general…

03/08/13
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EQS

Equus II Inc

$1.86

(0.00%)

16:56
11/16/18
11/16
16:56
11/16/18
16:56
Hot Stocks
Equus II Inc reports net assets of $46.6M as of September 30 »

Equus Total Return…

03/08/13
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VAPO

Vapotherm

$17.10

-0.42 (-2.40%)

16:56
11/16/18
11/16
16:56
11/16/18
16:56
Hot Stocks
Breaking Hot Stocks news story on Vapotherm »

Redmile Group reports…

03/08/13
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  • 14

    Nov

COTY

Coty

$9.09

0.39 (4.48%)

16:55
11/16/18
11/16
16:55
11/16/18
16:55
Hot Stocks
Coty CEO acquires 2.3M common shares »

In a regulatory filing,…

03/08/13
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  • 03

    Mar

NVS

Novartis

$87.74

0.52 (0.60%)

16:54
11/16/18
11/16
16:54
11/16/18
16:54
Upgrade
Novartis rating change at Goldman Sachs »

Novartis upgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 02

    Dec

  • 03

    Dec

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