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URI

United Rentals

$117.30

0.09 (0.08%)

, FSC

Fifth Street Finance

$5.44

0.77 (16.49%)

10:34
07/17/17
07/17
10:34
07/17/17
10:34

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Rentals (URI) upgraded to Outperform from Sector Perform at RBC Capital with analyst Seth Weber citing consolidation within the rental space and positive comments by rental company Sunbelt as two reasons for the upgrade. 2. Fifth Street Finance (FSC) upgraded to Outperform from Market Perform at JMP Securities with analyst Christopher York saying that the deal under which Oaktree (OAK) will become Fifth Street's investment adviser will improve both companies' corporate governance and lower Fifth Street's costs. 3. CACI (CACI) upgraded to Buy from Hold at Jefferies with analyst Sheila Kahyaoglu saying she views the company's portfolio geared towards defense solutions as "compelling" and she likes its "aggressive" capital deployment strategy. 4. Greenbrier (GBX) upgraded to Buy from Hold at Stifel with analyst Michael Baudendistel saying that the market is underestimating the benefits of the company's deal with Mitsubishi UFJ Lease & Finance and its international expansion. 5. Bottomline Technologies (EPAY) upgraded to Outperform from Market Perform at Raymond James with analyst Wayne Johnson saying he thinks the company is entering a period of high margins and more linear revenue growth and is excited about positive operating leverage from rising sales momentum and contracts that have already been expensed over a fixed cost infrastructure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

URI

United Rentals

$117.30

0.09 (0.08%)

FSC

Fifth Street Finance

$5.44

0.77 (16.49%)

CACI

CACI

$128.50

0.2 (0.16%)

GBX

Greenbrier

$44.40

2.55 (6.09%)

EPAY

Bottomline Technologies

$27.27

0.08 (0.29%)

  • 20

    Jul

  • 10

    Aug

  • 17

    Aug

URI United Rentals
$117.30

0.09 (0.08%)

07/17/17
RBCM
07/17/17
UPGRADE
RBCM
Outperform
United Rentals upgraded on positive catalysts at RBC Capital
As noted earlier RBC Capital upgraded Untied Rentals to Outperform from Sector Perform. Analyst Seth Weber cited consolidation within the rental space and positive comments by rental company Sunbelt as two reasons for the upgrade. Additionally, the analyst says that positive commentary from industrial distributors bodes well for United Rentals since its revenue growth has tracked closely with them since 2009. Target to $138 from $128.
07/17/17
RBCM
07/17/17
UPGRADE
RBCM
Outperform
United Rentals upgraded to Outperform from Sector Perform at RBC Capital
05/08/17
05/08/17
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. Varian Medical (VAR) upgraded to Buy from Neutral by Citi analyst Amit Hazan, who said the company is entering its strongest new product cycle period in at least seven years with Halcyon and HyperArc. BTIG analyst Sean Lavin also upgraded Varian Medical to Buy with a $106 price target following the "surprising" launch of its new Halcyon System. 2. Wells Fargo analyst Sharon Lui upgraded Williams Companies (WMB) to Outperform with an increased price target target range of $34-$36, telling investors that its strengthened financial profile and "attractive" long-term dividend growth profile should drive multiple expansion. 3. Goldman Sachs analyst James Schneider upgraded TSYS (TSS) to Buy, saying he sees "several" catalysts for the shares, including the May 24 analyst day and a return to earnings beats. 4. Buckingham analyst Kelly Halsor upgraded Restoration Hardware (RH) to Neutral from Underperform after the company completed its $300M stock buyback program and authorized an additional $700M of share buybacks. The analyst thinks that the fact that the company completed its $300M of buybacks without drawing on its revolver indicates that its inventory has been significantly lowered. 5. Evercore ISI analyst David Raso upgraded United Rentals (URI) to Outperform from In Line, citing valuation, and maintained his $134 price target on shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/08/17
EVER
05/08/17
UPGRADE
Target $134
EVER
Outperform
United Rentals upgraded to Outperform from In Line at Evercore ISI
Evercore ISI analyst David Raso upgraded United Rentals to Outperform citing valuation and miantained his $134 price target on shares.
FSC Fifth Street Finance
$5.44

0.77 (16.49%)

05/15/17
DBAB
05/15/17
DOWNGRADE
Target $4.75
DBAB
Hold
Fifth Street Finance downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst George Bahamondes downgraded Fifth Street Finance to Hold citing uncertainty following CEO Patrick Dalton's resignation in April and the weaker than expected Q2 results. The analyst has a $4.75 price target for the shares.
07/17/17
JMPS
07/17/17
UPGRADE
JMPS
Outperform
Fifth Street Finance upgraded to Outperform from Market Perform at JMP Securities
07/17/17
JMPS
07/17/17
UPGRADE
JMPS
Outperform
Fifth Street Finance upgraded on Oaktree deal at JMP Securities
As noted earlier, JMP Securities upgraded Fifth Street (FSC) to Outperform from Market Perform. Analyst Christopher York says that the deal under which Oaktree (OAK) will become Fifth Street's investment adviser will improve both companies' corporate governance and lower Fifth Street's costs. Target $8.50.
03/30/17
RAJA
03/30/17
DOWNGRADE
RAJA
Underperform
Fifth Street Finance downgraded to Underperform at Raymond James
Raymond James analyst Robert Dodd downgraded Fifth Street Finance to Underperform from Neutral saying consensus estimates are too high and he sees risks from rising interest costs and to dividend coverage.
CACI CACI
$128.50

0.2 (0.16%)

05/08/17
FBCO
05/08/17
NO CHANGE
Target $153
FBCO
Outperform
CACI price target raised to $153 from $137 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for CACI to $153 from $137 saying that it is currently "the most attractive" of the government services names he covers. Peering out into 2018 and beyond, CACI seems to have both limited exposure to the areas most likely to see budget cuts and greater exposure to areas that would benefit from the administration's stated priorities, he notes. The analyst reiterates an Outperform rating on the shares.
06/12/17
06/12/17
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. Pandora (P) upgraded to Outperform from Market Perform at FBR Capital with analyst Barton Crockett saying he believes the setup for Pandora "looks enticing" given low investor expectations and the presence of John Malone following the investment by SiriusXM (SIRI). 2. Swift Transportation (SWFT) upgraded to Overweight from Equal Weight at Stephens. 3. Vodafone (VOD) upgraded to Buy from Hold at Argus with analyst John Eade saying he expects it profits to rise over the longer term. 4. Ultra Petroleum (UPL) upgraded to Buy from Hold at Stifel with analyst Michael Scialla saying the company's reorganization has improved its balance sheet and margins, while leaving it "ready to compete." 5. CACI (CACI) upgraded to Outperform from Market Perform at Cowen with analyst Cai von Rumohr citing its 2018 acceleration with strong bookings, the sector upturn, and a favorable risk/reward with support from its near peer-high cash flow yield. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/17/17
JEFF
07/17/17
UPGRADE
Target $154
JEFF
Buy
CACI upgraded to Buy from Hold at Jefferies
Jefferies analyst Sheila Kahyaoglu upgraded CACI to Buy and raised her price target for the shares to $154 from $123 after assuming coverage of the name. The analyst views the company's portfolio geared towards defense solutions as "compelling" and she likes its "aggressive" capital deployment strategy.
06/12/17
COWN
06/12/17
UPGRADE
Target $145
COWN
Outperform
CACI upgraded to Outperform from Market Perform at Cowen
Cowen analyst Cai von Rumohr upgraded CACI to Outperform from Market Perform to reflect its 2018 acceleration with strong bookings, the sector upturn, and a favorable risk/reward with support from its near peer-high cash flow yield. The analyst also believes CACI has a "legitimate shot" at winning the SOFGLSS contract. von Rumohr raised his price target to $145 from $140 on CACI shares.
GBX Greenbrier
$44.40

2.55 (6.09%)

07/16/17
STFL
07/16/17
UPGRADE
STFL
Buy
Greenbrier upgraded to Buy from Hold at Stifel
07/17/17
STFL
07/17/17
UPGRADE
STFL
Buy
Greenbrier upgraded on recent deals, results at Stifel
As noted earlier, Stifel upgraded Greenbrier to Buy from Hold. Analyst Michael J. Baudendistel,says that the market is underestimating the benefits of the company's deal with MUL and its international expansion. Additionally, he believes that the "longer term implications" of the results it reported last month were "exceedingly positive," while its "execution has been impressive" recently. Target to $51 from $48.
04/06/17
LBOW
04/06/17
NO CHANGE
LBOW
Greenbrier still facing signficant earnings risk, says Longbow
After Greenbrier reiterated its fiscal 2017 EPS guidance, Longbow analyst Matthew Brooklier continues to believe that there is significant risk of the company's results missing expectations. The analyst is concerned about the profitability of the company's manufacturing unit, citing the lower margin railcars from its backlog that it's delivering. He keeps an Underperform rating on the stock.
06/21/17
BUCK
06/21/17
INITIATION
Target $45
BUCK
Neutral
Greenbrier initiated with a Neutral at Buckingham
Buckingham analyst Matthew Brooklier started Greenbrier with a Neutral rating and $45 price target, as he sees the North American Freight railcar market facing continued excess supply headwinds over the next 12 months.
EPAY Bottomline Technologies
$27.27

0.08 (0.29%)

11/03/16
NEED
11/03/16
NO CHANGE
Target $28
NEED
Buy
Bottomline Technologies underlying momentum remains solid, says Needham
Needham analyst Mayank Tandon notes that Bottomline Technologies reported mixed Q1 results, with revenue below expectations but EPS coming in above consensus. Nonetheless, the analyst reiterates a Buy rating and $28 price target on the shares, saying the underlying fundamentals remain healthy and the operating outlook is stable as the company continues to execute on its strategy.
07/17/17
RAJA
07/17/17
UPGRADE
RAJA
Outperform
Bottomline Technologies upgraded to Outperform from Market Perform at Raymond James
07/17/17
07/17/17
UPGRADE
Target $33

Outperform
Follow-up: Bottomline Technologies upgraded to Outperform at Raymond James
As previously reported, Raymond James upgraded Bottomline Technologies to Outperform from Market Perform and established a $33 price target. Analyst Wayne Johnson thinks the company is entering a period of high margins and more linear revenue growth and is excited about positive operating leverage from rising sales momentum and contracts that have already been expensed over a fixed cost infrastructure.
09/30/16
RBCM
09/30/16
INITIATION
Target $26
RBCM
Sector Perform
Bottomline Technologies initiated with a Sector Perform at RBC Capital
RBC Capital analyst Daniel Perlin initiated Bottomline with a Sector Perform and a $26 price target based on relative valuation.

TODAY'S FREE FLY STORIES

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$165.61

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LUV

Southwest

$57.56

-1.96 (-3.29%)

12:37
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LUV

Southwest

$57.60

-1.925 (-3.23%)

12:36
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LUV

Southwest

$57.60

-1.925 (-3.23%)

12:36
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  • 27

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AAPL

Apple

$153.46

0.72 (0.47%)

12:34
07/27/17
07/27
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12:34
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Apple confirms discontinuation of iPod nano, shuffle, The Verge reports »

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  • 01

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HOG

Harley-Davidson

$49.96

1.32 (2.71%)

12:30
07/27/17
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Heavy call activity in Harley Davidson as shares rally »

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  • 02

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12:30
07/27/17
07/27
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General news
Atlanta Fed's final Q2 GDPNow estimate was boosted to 2.8% »

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VBIV

VBI Vaccines

$4.61

-0.03 (-0.65%)

12:25
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Conference/Events
VBI Vaccines to host conference call »

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DAL

Delta Air Lines

$50.74

-0.395 (-0.77%)

, AFLYY

Air France-KLM

$14.14

0.18 (1.29%)

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DAL

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$50.74

-0.395 (-0.77%)

AFLYY

Air France-KLM

$14.14

0.18 (1.29%)

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GG

Goldcorp

$12.88

-0.91 (-6.60%)

12:20
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Repeat activity in GoldCorp after earnings »

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Treasury Option Action: heavy put activity »

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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W

Wayfair

$78.91

-0.4533 (-0.57%)

12:15
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  • 08

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TDOC

Teladoc

$31.78

-2.575 (-7.50%)

, AMZN

Amazon.com

$1,052.80

12.93 (1.24%)

12:11
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$31.78

-2.575 (-7.50%)

AMZN

Amazon.com

$1,052.80

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SBUX

Starbucks

$57.94

-0.61 (-1.04%)

12:11
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AAPL

Apple

$153.46

0.72 (0.47%)

12:06
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  • 01

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NTES

NetEase

$312.15

3.26 (1.06%)

12:05
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07/27
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Options
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  • 09

    Aug

WABC

Westamerica

$54.57

-1.82 (-3.23%)

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12:00
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07/27
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General news
Treasury's $20 B 14-day cash management bill saw pretty good demand »

Treasury's $20 B…

INTC

Intel

$34.75

0.08 (0.23%)

12:00
07/27/17
07/27
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Periodicals
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  • 27

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HOG

Harley-Davidson

$49.03

0.39 (0.80%)

, TSLA

Tesla

$343.85

4.25 (1.25%)

11:58
07/27/17
07/27
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Hot Stocks
Harley-Davidson jumps amid chatter of Tesla partnership »

The move higher in shares…

HOG

Harley-Davidson

$49.03

0.39 (0.80%)

TSLA

Tesla

$343.85

4.25 (1.25%)

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