Breaking News Instant updates and real-time market news.

SWN

Southwestern Energy

$6.15

0.135 (2.25%)

, MNK

Mallinckrodt

$45.01

0.5 (1.12%)

09:55
07/17/17
07/17
09:55
07/17/17
09:55

Early notable gainers among liquid option names on July 17th

Notable gainers among liquid option names this morning include Southwestern Energy (SWN) $6.23 +0.23, Mallinckrodt (MNK) $45.97 +1.46, Whirlpool (WHR) $197.54 +5.25, Freeport McMoRan (FCX) $12.94 +0.34, and Akamai (AKAM) $51.74 +1.14.

SWN

Southwestern Energy

$6.15

0.135 (2.25%)

MNK

Mallinckrodt

$45.01

0.5 (1.12%)

WHR

Whirlpool

$194.82

2.525 (1.31%)

FCX

Freeport McMoRan

$12.86

0.255 (2.02%)

AKAM

Akamai

$50.62

0.54 (1.08%)

  • 25

    Jul

  • 26

    Jul

  • 27

    Jul

  • 08

    Aug

  • 08

    Aug

  • 05

    Sep

SWN Southwestern Energy
$6.15

0.135 (2.25%)

04/19/17
COWN
04/19/17
UPGRADE
Target $11
COWN
Outperform
Southwestern Energy upgraded to Outperform from Market Perform at Cowen
Cowen analyst Charles Robertson upgraded Southwestern Energy to Outperform and lowered its price target to $11 from $14 given its strong production growth outlook, year-to-date underperformance, insulation to service costs, and upside to ethane pricing.
03/03/17
03/03/17
UPGRADE
Target $8

Hold
Southwestern Energy upgraded to Hold at Jefferies
As previously reported, Jefferies analyst Zach Parham upgraded Southwestern Energy to Hold from Underperform, saying that the stock's roughly 30% decline year-to-date has pushed the shares to near fair value. The analyst, who remains bullish on gas prices, keeps his price target on the stock at $8.
03/23/17
STFL
03/23/17
INITIATION
STFL
Buy
Southwestern Energy initiated with a Buy at Stifel
Stifel analyst Karl Chalabala started coverage of Southwestern Energy with a $10 price target and a Buy rating. As reasons for the rating, the analyst cited valuation, his belief that the company will benefit disproportionately from a Gulf Coast gas shortage in 2018, and upcoming gas pricing gains. Target $10.
03/15/17
SBSH
03/15/17
UPGRADE
Target $10
SBSH
Buy
Southwestern Energy upgraded to Buy from Neutral at Citi
Citi analyst Robert Morris upgraded Southwestern Energy to Buy citing valuation with the stock down 50% since reaching a recent peak in early September last year. The analyst lowered his price target for the shares to $10 from $14.
MNK Mallinckrodt
$45.01

0.5 (1.12%)

06/21/17
WELS
06/21/17
NO CHANGE
WELS
Outperform
Wells doesn't see Mallinckrodt at significant risk of violating debt covenants
Wells Fargo analyst David Maris believes Mallinckrodt's debt and leverage "seem very manageable" and argues that investors "should not be overly concerned" about the company's potential to violate its debt covenants. In a note issued before the open, Maris characterized Mallinckrodt's covenants as "loose." He keeps an Outperform rating on Mallinckrodt shares.
06/20/17
JEFF
06/20/17
NO CHANGE
Target $70
JEFF
Buy
Jefferies sees $60-$75 per share buyout range for Mallinckrodt
Amid speculation that Mallinckrodt is seeking strategic alternatives, Jefferies analyst Anthony Petrone explored leveraged buyout scenarios in order to gauge the feasibility of a sponsor-led transaction. His work shows that within a $60-$75 per share takeout range, sponsors can clear a 30% internal rate of return hurdle under "modest assumptions" with upside to 45%-plus when engineering scenarios are considered. The largest risks to the LBO assumptions are around stability in Acthar pricing and the competitive landscape, Petrone tells investors in a research note. The analyst keeps a Buy rating on Mallinckrodt with a $70 price target. The specialty pharmaceutical company closed yesterday up 5%, or $1.94, to $43.64.
06/16/17
CANT
06/16/17
INITIATION
Target $52
CANT
Overweight
Mallinckrodt initiated with an Overweight at Cantor
Cantor Fitzgerald analyst Louise Chen started Mallinckrodt with an Overweight rating and $52 price target.
06/29/17
UBSW
06/29/17
NO CHANGE
Target $70
UBSW
Buy
Mallinckrodt sum-of-the-parts still supports $70 price target, says UBS
UBS analyst Marc Goodman said his sum-of-the-parts valuation for Mallinckrodt still supports a $70 price target. The analyst said shares at current price remain attractive with the key overhang being the sustainability of Acthar from competition. Without competition, Goodman believes the shares are worth $100. He sees a favorable risk/reward as management has talked about a sense of urgency in getting the stock moving. Goodman reiterated his Buy rating and $70 price target on Mallinckrodt shares.
WHR Whirlpool
$194.82

2.525 (1.31%)

06/20/17
RBCM
06/20/17
NO CHANGE
RBCM
Whirlpool outlook remains positive, says RBC Capital
After marketing with Whirlpool's CFO, RBC Capital analyst Robert Wetenhall quotes the company as saying that "core..demand" in North America "remains strong," as its new products are enabling it to grow more quickly than the market. In Europe the company said that it anticipates Q2 volume growth that should help it regain market share lost due to SAP integration issues. The analyst expects the company to meet its long-term financial targets, enabling the stock to rise. He raised his price target to $226 from $216 and keeps an Outperform rating on the shares.
04/26/17
RBCM
04/26/17
NO CHANGE
RBCM
Whirlpool price target raised to $216 from $200 at RBC Capital
RBC Capital analyst Robert Wetenhall says that investors are overlooking Whirlpool's weak results in Europe which he blames on integration of an acquisition, while they largely anticipated its fiscal 2017 EPS guidance cut. The analyst says that investors are focusing on Whirlpool's strong results in the Western Hemisphere, while its volume growth is beating the sector in three of its four markets and it reiterated its free cash flow guidance of $1B. He adds that the company's operating margin is increasing and keeps a Top Pick rating.
06/22/17
FBCO
06/22/17
INITIATION
Target $208
FBCO
Neutral
Whirlpool initiated with a Neutral at Credit Suisse
Credit Suisse analyst Susan Maklari initiated Whirlpool with a Neutral and a $208 price target saying margin pressure from rising raw material costs, increasing competition, and the changing consumer environment keep risk/reward less attractive.
04/25/17
RBCM
04/25/17
NO CHANGE
RBCM
Whirlpool should be bought on weakness, says RBC Capital
After speaking with Whirlpool's management, RBC Capital analyst Robert Wtenhall says he is more comfortable about the company's Q1 miss. Wetenhall now believes that the company is resolving " transitory problems in Europe related to limited product availability." He expects these problems to eventually be solved and remains upbeat on its fundamentals in the Western Hemisphere. He recommends buying the stock on weakness and keeps a Top Pick rating on the shares.
FCX Freeport McMoRan
$12.86

0.255 (2.02%)

04/27/17
DBAB
04/27/17
NO CHANGE
Target $14
DBAB
Hold
Freeport McMoRan risk/reward not yet favorable, says Deutsche Bank
Deutsche Bank analyst Chris Terry says Freeport McMoRan's Q1 results were impacted by strikes, weather and a host of issues at Grasberg. The analyst does not see an attractive risk/reward opportunity with the key operating terms at Grasberg over the medium-to-long term remaining unresolved. He keeps a Hold rating on the shares with a $14 price target.
04/11/17
COWN
04/11/17
NO CHANGE
COWN
Outperform
Cowen incrementally more constructive on copper fundamentals
Cowen analyst Novid Rassouli said he is more constructive on the near and long-term fundamentals of copper, citing the supply shortage and recent China data points that suggest a healthy level of demand. Rassouli reiterated his Outperform rating on Freeport McMoRan shares and a Neutral rating on Southern Copper shares.
03/28/17
JEFF
03/28/17
NO CHANGE
Target $16
JEFF
Buy
Freeport sale of Grasberg may be best, says Jefferies
Following an analysis of Freeport McMoRan's options in Indonesia, Jefferies analyst Christopher LaFemina concludes that a sale of the company's stake in Grasberg may be best. While admitting that Freeport and Indonesia "will undoubtedly attempt to come to a resolution prior to going to arbitration," the analyst says he's not optimistic about the prospects given the lack of progress so far. LaFemina lowered his price target for Freeport shares to $16 from $18.50 and keeps a Buy rating on the shares.
03/22/17
BREN
03/22/17
UPGRADE
BREN
Hold
Freeport McMoRan upgraded to Hold from Sell at Berenberg
Berenberg analyst Fawzi Hanano upgraded Freeport McMoRan to Hold from Sell and raised its target to $12 from $10.90.
AKAM Akamai
$50.62

0.54 (1.08%)

05/05/17
05/05/17
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. Akamai (AKAM) downgraded to Neutral from Outperform at Baird with analyst William citing the lack of improving media trends, the lack of a near-term catalyst, and Street estimates that appear to him to be too high. Power lowered his price target to $55 from $60 on Akamai shares. 2. Celgene (CELG) downgraded to Hold from Buy at Argus with analyst David Toung citing valuation, Revlimid revenue concentration risk, and large discounts for Otezla. 3. Estee Lauder (EL) downgraded to Hold from Buy at Societe Generale. 4. Ball Corp. (BLL) downgraded to Hold on limited upside at Vertical Research with analyst Chip Dillon citing limited upside to his new $83 price target, which he raised from $81. 5. TreeHouse (THS) was downgraded to Market Perform from Outperform at Wells Fargo and to Neutral from Outperform at Wedbush. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/25/17
NOMU
05/25/17
INITIATION
Target $50
NOMU
Neutral
Akamai initiated with a Neutral at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal initiated Akamai with a Neutral and a $50 price target saying competition is slowing sales in the base Media unit.
06/20/17
PIPR
06/20/17
NO CHANGE
Target $60
PIPR
Overweight
Akamai risk/reward is improving, says Piper Jaffray
Piper Jaffray analyst Michael Olson views Akamai Technologies' risk/reward as improving but admits the stock offers "little hope for any material near-term upside." He believes the company's Q2 will have "slight upside" and the Q3 guidance will be in-line to slightly below consensus. The analyst lowered his price target for the shares to $60 from $65 after spending time with management and keeps an Overweight rating on the name. Akamai's Performance and Security continues to be a solid growth business while Media is a challenging segment and will not see imminent improvement, Olson contends.
05/05/17
BARD
05/05/17
DOWNGRADE
Target $55
BARD
Neutral
Akamai downgraded to Neutral at Baird
As previously reported, Baird analyst William Power downgraded Akamai to Neutral from Outperform citing the lack of improving media trends, the lack of a near-term catalyst, and Street estimates that appear to him to be too high. Power lowered his price target to $55 from $60 on Akamai shares.

TODAY'S FREE FLY STORIES

ACRS

Aclaris Therapeutics

$29.18

-0.46 (-1.55%)

04:55
07/28/17
07/28
04:55
07/28/17
04:55
Conference/Events
Aclaris Therapeutics management to meet with Jefferies »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 28

    Jul

04:55
07/28/17
07/28
04:55
07/28/17
04:55
General news
Breaking General news story  »

Week of 7/28 Baker-Hughes…

04:55
07/28/17
07/28
04:55
07/28/17
04:55
General news
Consumer Sentiment Index to be reported at 10:00 »

Consumer Sentiment Index…

JAGX

Jaguar Animal Health

$0.66

-0.0175 (-2.58%)

04:55
07/28/17
07/28
04:55
07/28/17
04:55
Conference/Events
Jaguar Animal Health to hold a conference call »

Conference call to…

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

See Street Research during your Free Trial

  • 28

    Jul

04:55
07/28/17
07/28
04:55
07/28/17
04:55
General news
GDP price index to be reported at 08:30 »

GDP price index will be…

CALM

Cal-Maine Foods

$38.05

0.55 (1.47%)

04:55
07/28/17
07/28
04:55
07/28/17
04:55
Conference/Events
Cal-Maine Foods participates in a conference call with Stephens »

Stephens hosts a…

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

See Street Research during your Free Trial

  • 28

    Jul

04:55
07/28/17
07/28
04:55
07/28/17
04:55
General news
Real GDP to be reported at 08:30 »

Real GDP will be reported…

BAESY

BAE Systems

$32.23

0.145 (0.45%)

, IBM

IBM

$145.07

-0.29 (-0.20%)

04:55
07/28/17
07/28
04:55
07/28/17
04:55
Conference/Events
RSA Security to hold a conference »

RSA Security Conference…

BAESY

BAE Systems

$32.23

0.145 (0.45%)

IBM

IBM

$145.07

-0.29 (-0.20%)

CTL

CenturyLink

$23.60

0.74 (3.24%)

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

See Street Research during your Free Trial

  • 02

    Aug

  • 08

    Aug

04:55
07/28/17
07/28
04:55
07/28/17
04:55
General news
Breaking General news story  »

Minneapolis Federal…

04:55
07/28/17
07/28
04:55
07/28/17
04:55
General news
Employment Cost Index ECI to be reported at 08:30 »

Employment Cost Index ECI…

03:35
07/28/17
07/28
03:35
07/28/17
03:35
General news
FX Action: USD-CAD steady after posting its biggest one-day gain »

FX Action: USD-CAD steady…

01:40
07/28/17
07/28
01:40
07/28/17
01:40
General news
FX Update: The Swiss franc tumbled for a four straight session »

FX Update: The Swiss…

TOO

Teekay Offshore Partners

$2.55

-0.03 (-1.16%)

20:27
07/27/17
07/27
20:27
07/27/17
20:27
Downgrade
Teekay Offshore Partners rating change at Raymond James »

Teekay Offshore…

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

See Street Research during your Free Trial

QEP

QEP Resources

$7.93

-1.34 (-14.46%)

20:26
07/27/17
07/27
20:26
07/27/17
20:26
Downgrade
QEP Resources rating change at JPMorgan »

QEP Resources downgraded…

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

See Street Research during your Free Trial

  • 27

    Jul

  • 14

    Aug

RDFN

Redfin

20:26
07/27/17
07/27
20:26
07/27/17
20:26
Syndicate
Redfin 9.231M share IPO priced at $15.00 »

The deal range is…

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

See Street Research during your Free Trial

  • 27

    Jul

  • 28

    Jul

XOM

Exxon Mobil

$80.83

0.46 (0.57%)

, CVX

Chevron

$106.11

0.99 (0.94%)

20:25
07/27/17
07/27
20:25
07/27/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

XOM

Exxon Mobil

$80.83

0.46 (0.57%)

CVX

Chevron

$106.11

0.99 (0.94%)

MRK

Merck

$63.69

1.89 (3.06%)

ABBV

AbbVie

$71.73

-0.86 (-1.18%)

AAL

American Airlines

$50.00

-1.01 (-1.98%)

COL

Rockwell Collins

$109.02

-0.53 (-0.48%)

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

See Street Research during your Free Trial

  • 28

    Jul

  • 28

    Jul

  • 28

    Jul

  • 28

    Jul

  • 28

    Jul

  • 28

    Jul

  • 07

    Aug

  • 28

    Aug

  • 22

    Sep

TTPH

Tetraphase

$6.96

-0.92 (-11.68%)

20:22
07/27/17
07/27
20:22
07/27/17
20:22
Syndicate
Tetraphase 10M share Secondary priced at $6.50 »

Piper Jaffray, BMO…

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

See Street Research during your Free Trial

  • 28

    Jul

BVN

Buenaventura

$12.45

0.1 (0.81%)

19:26
07/27/17
07/27
19:26
07/27/17
19:26
Earnings
Buenaventura reports Q2 EPS (2c), may not compare to consensus 26c »

Reports Q2 revenue…

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

See Street Research during your Free Trial

BAS

Basic Energy

$28.67

0.06 (0.21%)

19:02
07/27/17
07/27
19:02
07/27/17
19:02
Hot Stocks
Breaking Hot Stocks news story on Basic Energy »

Basic Energy backs FY17…

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

See Street Research during your Free Trial

  • 28

    Jul

  • 14

    Aug

BAS

Basic Energy

$28.67

0.06 (0.21%)

19:01
07/27/17
07/27
19:01
07/27/17
19:01
Earnings
Basic Energy reports Q2 adjusted EPS (57c), consensus (55c) »

Reports Q2 revenue…

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

See Street Research during your Free Trial

  • 28

    Jul

  • 14

    Aug

GE

General Electric

$25.79

0.2 (0.78%)

18:55
07/27/17
07/27
18:55
07/27/17
18:55
Periodicals
Breaking Periodicals news story on General Electric »

Uber CEO shortlists…

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

See Street Research during your Free Trial

  • 02

    Oct

AIV

Aimco

$44.01

0.13 (0.30%)

18:53
07/27/17
07/27
18:53
07/27/17
18:53
Earnings
Aimco reports Q2 AFFO 51c vs 50c last year »

Reports Q1 revenue…

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

See Street Research during your Free Trial

  • 28

    Jul

NOV

National Oilwell

$33.71

0.37 (1.11%)

18:43
07/27/17
07/27
18:43
07/27/17
18:43
Earnings
National Oilwell reports Q2 adjusted EPS (14c), consensus (15c) »

Reports Q2 revenue…

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

See Street Research during your Free Trial

  • 28

    Jul

  • 29

    Aug

AIG

AIG

$65.17

-0.02 (-0.03%)

, IEP

Icahn Enterprises

$53.12

-0.78 (-1.45%)

18:39
07/27/17
07/27
18:39
07/27/17
18:39
Periodicals
Senators worried over whether Icahn is pushing regulators on AIG, Reuters says »

U.S. Democratic Senators…

AIG

AIG

$65.17

-0.02 (-0.03%)

IEP

Icahn Enterprises

$53.12

-0.78 (-1.45%)

PRU

Prudential

$112.74

0.55 (0.49%)

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

See Street Research during your Free Trial

  • 03

    Aug

  • 03

    Aug

  • 27

    Sep

HTBK

Heritage Commerce

$13.85

-0.14 (-1.00%)

18:24
07/27/17
07/27
18:24
07/27/17
18:24
Earnings
Heritage Commerce reports Q2 EPS 19c, consensus 19c »

Reports Q2 NII $24.9M,…

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

See Street Research during your Free Trial

  • 01

    Aug

Get Full Fly Access

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