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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%)

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    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

VIAB

Viacom

$26.57

0.31 (1.18%)

, CHTR

Charter

$357.84

-4.76 (-1.31%)

12:38
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10/18
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Recommendations
Viacom, Charter analyst commentary  »

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Charter

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CMG

Chipotle

$321.62

-7.68 (-2.33%)

12:36
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DYN

Dynegy

$9.53

0.085 (0.90%)

12:35
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Options
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BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:34
10/18/17
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BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:32
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10/18
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12:32
Hot Stocks
BioMarin provides update on development portfolio »

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  • 18

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IBM

IBM

$160.45

13.905 (9.49%)

, ABT

Abbott

$56.00

0.9449 (1.72%)

12:30
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General news
On The Fly: Top stock stories at midday »

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IBM

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$160.45

13.905 (9.49%)

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Abbott

$56.00

0.9449 (1.72%)

ANTM

Anthem

$193.45

6.19 (3.31%)

CVS

CVS Health

$74.11

1.475 (2.03%)

CREE

Cree

$29.34

0.06 (0.20%)

RXDX

Ignyta

$14.35

0.95 (7.09%)

AGN

Allergan

$188.67

-9.11 (-4.61%)

SVU

Supervalu

$17.73

-1.65 (-8.51%)

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    Dec

BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:29
10/18/17
10/18
12:29
10/18/17
12:29
Earnings
BioMarin sees 2017 product revenue at mid-point of guidance »

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    Feb

EQT

EQT Corporation

$62.94

-0.3799 (-0.60%)

12:25
10/18/17
10/18
12:25
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12:25
Options
EQT Corporation call volume above normal and directionally bullish »

Bullish option flow…

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  • 26

    Oct

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    Nov

NLSN

Nielsen

$41.06

1.06 (2.65%)

, LGF

Use LGF.A, LGF.B

12:20
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Nielsen to independently measure subscription-based streaming content. »

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NLSN

Nielsen

$41.06

1.06 (2.65%)

LGF

Use LGF.A, LGF.B

DIS

Disney

$97.64

-0.7161 (-0.73%)

TWX

Time Warner

$101.12

-0.34 (-0.34%)

NFLX

Netflix

$199.48

-3.2 (-1.58%)

03/08/13
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  • 22

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$NSD

NASDAQ Market Internals

12:17
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10/18
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

12:16
10/18/17
10/18
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Technical Analysis
NYSE market internals summary »

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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

12:10
10/18/17
10/18
12:10
10/18/17
12:10
Downgrade
MobileIron rating change  »

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MBI

MBIA

$7.08

0.07 (1.00%)

12:10
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Options
Far downside put buyer in MBIA opens a notable new position »

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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

12:07
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10/18
12:07
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Downgrade
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STLD

Steel Dynamics

12:06
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10/18
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Technical Earnings Preview: Steel Dynamics has a potential bullish pattern »

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  • 19

    Oct

DANOY

Danone

$16.67

0.3 (1.83%)

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NFLX

Netflix

$199.48

-3.2 (-1.58%)

12:00
10/18/17
10/18
12:00
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12:00
Options
Large four-way option spread in Netflix as shares slump for a second day »

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  • 22

    Oct

12:00
10/18/17
10/18
12:00
10/18/17
12:00
General news
Treasury Action: TIPS are weaker »

Treasury Action: TIPS are…

ADBE

Adobe

$150.38

-0.08 (-0.05%)

11:55
10/18/17
10/18
11:55
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11:55
Hot Stocks
Adobe announces acquisition of KyleBrush.com; terms not disclosed »

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  • 18

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GMLP

Golar LNG Partners

$22.98

-0.08 (-0.35%)

11:50
10/18/17
10/18
11:50
10/18/17
11:50
Options
Notable call write in Golar LNG Partners »

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11:50
10/18/17
10/18
11:50
10/18/17
11:50
General news
FX Action: USD-JPY »

FX Action: USD-JPY…

IPXL

Impax

$19.30

-0.65 (-3.26%)

11:45
10/18/17
10/18
11:45
10/18/17
11:45
Conference/Events
Impax management to meet with Deutsche Bank »

Group luncheon to be held…

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

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  • 18

    Oct

  • 09

    Nov

BITCOIN

Bitcoin

11:44
10/18/17
10/18
11:44
10/18/17
11:44
Hot Stocks
Bitcoin falls after release of CFTC report on virtual currencies »

The U.S. Commodity…

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EBAY

eBay

$37.49

-0.28 (-0.74%)

, SHOP

Shopify

$98.14

1.93 (2.01%)

11:41
10/18/17
10/18
11:41
10/18/17
11:41
Earnings
On The Fly: What to watch in eBay earnings report »

eBay (EBAY) is scheduled…

EBAY

eBay

$37.49

-0.28 (-0.74%)

SHOP

Shopify

$98.14

1.93 (2.01%)

AMZN

Amazon.com

$1,009.13

2.79 (0.28%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 18

    Oct

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    Nov

  • 18

    Mar

XOP

SPDR Oil Exploration and Production Fund

$33.41

-0.26 (-0.77%)

11:40
10/18/17
10/18
11:40
10/18/17
11:40
Options
Hefty put spread in SPDR Oil Exploration and Production ETF »

Hefty put spread in SPDR…

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03/06/13
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