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CX

Cemex

$9.95

-0.31 (-3.02%)

, WAB

Wabtec

$90.01

0.165 (0.18%)

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

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cemex (CX) downgraded to Sell from Neutral at Citi with analyst Dan McGoey saying the share are ahead of themselves following the recent rally. 2. Wabtec (WAB) downgraded to Hold from Buy at Stifel with analyst Michael Baudendistel citing valuation. 3. SAIC (SAIC) downgraded to Hold from Buy at Jefferies with analyst Sheila Kahyaoglu saying the company's relatively concentrated portfolio with 25% of contracts exposed to re-competes is likely to drive "muted" revenue expansion. 4. Booz Allen (BAH) downgraded to Hold from Buy at Jefferies with analyst Sheila Kahyaoglu saying she believes the Department of Justice's civil and criminal investigation into the company's indirect cost accounting practices creates an overhang. 5. Brookfield Renewable (BEP) downgraded to Market Perform from Outperform at Raymond James with analyst Frederic Bastien citing strong share performance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

CX

Cemex

$9.95

-0.31 (-3.02%)

WAB

Wabtec

$90.01

0.165 (0.18%)

SAIC

SAIC

$68.79

-3.11 (-4.33%)

BAH

Booz Allen

$33.09

-0.74 (-2.19%)

BEP

Brookfield Renewable

$32.85

-0.1 (-0.30%)

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    Aug

CX Cemex
$9.95

-0.31 (-3.02%)

07/17/17
SBSH
07/17/17
DOWNGRADE
Target $9.2
SBSH
Sell
Cemex downgraded to Sell from Neutral at Citi
Citi analyst Dan McGoey downgraded Cemex to Sell with an unchanged price target of $9.20 saying the share are ahead of themselves following the recent rally. The analyst lowered his estimates for the company to reflect weakness in its S. & C. America and Caribbean, AMEA and Europe operations.
05/04/17
IBBA
05/04/17
UPGRADE
IBBA
Outperform
CEMEX upgraded to Outperform from Market Perform at Itau BBA
06/20/17
BOFA
06/20/17
UPGRADE
Target $10.6
BOFA
Buy
CEMEX upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Carlos Peyrlongue upgraded CEMEX to Buy and raised its price target to $10.60 from $10.10 to reflect improving US infrastructure momentum and stable currencies.
06/29/17
LBOW
06/29/17
NO CHANGE
LBOW
Cement checks positive, says Longbow
After conducting a survey, Longbow analyst Garik Shmois says the "very strong" volume outlook supports his view that cement sales will jump by mid to high single digit percentage levels in 2H17. He keeps Buy ratings on CEMEX (CX), Martin Marietta (MLM), and Summit Materials (SUM). He keeps a Neutral rating on Eagle Materials (EXP).
WAB Wabtec
$90.01

0.165 (0.18%)

07/17/17
STFL
07/17/17
DOWNGRADE
STFL
Hold
Wabtec downgraded based on valuation at Stifel
As noted earlier, Stifel downgraded Wabtec to Hold from Buy. Analyst Michael J. Baudendistel downgraded the stock based on valuation. Target $92.
07/16/17
STFL
07/16/17
DOWNGRADE
STFL
Hold
Wabtec downgraded to Hold from Buy at Stifel
06/21/17
SPHN
06/21/17
NO CHANGE
Target $80
SPHN
Overweight
Stephens names Genesee & Wyoming as Best Idea
Stephens has named Genesee & Wyoming (GWR) as its Best Idea for 2017, replacing Wabtec (WAB). Analyst Justin Long noted that Genesee & Wyoming shares are down 2% since the Presidential election and down 38% from its 2015 peak, which represents the largest decline in the rail sector. Long, who believes earnings should stabilize and improve in the coming quarters, keeps an Overweight rating and $80 price target on G&W shares.
06/21/17
BUCK
06/21/17
INITIATION
Target $104
BUCK
Buy
Wabtec initiated with a Buy at Buckingham
Buckingham analyst Matthew Brooklier started Wabtec with a Buy rating and $104 price target, saying he believes its earnings have likely stabilized and have potential for a better growth trajectory over the next 12 months.
SAIC SAIC
$68.79

-3.11 (-4.33%)

06/13/17
WELS
06/13/17
NO CHANGE
WELS
SAIC price target lowered to $75 from $80 at Wells Fargo
Wells Fargo cut its price target on SAIC after the company reported Q1 results that the firm says were "generally in-line." However, the firm notes that the company plans to increase its investments in its amphibious assault vehicles, AAV and ACV; Wells expects the company's investments to lower its EBTIDA margin by 0.3 percentage points this year. However, the firm adds that the company's bookings were "strong," while its "strong" free cash flow may enable it to accelerate its share repurchases. Wells trimmed its price target on the stock to $75 from $80 but keeps a Market Perform rating on the shares.
03/31/17
SBSH
03/31/17
NO CHANGE
Target $83
SBSH
Neutral
SAIC may modestly recover after yesterday's selloff, says Citi
Citi analyst Jonathan Raviv says he saw "nothing earth-shattering" in SAIC's sales miss, as it came down to 100-200 basis points "here or there." The analyst would not be surprised to see "some modest stock recovery" as investors are attracted by a greater than 7% free cash flow yield. Raviv lowered his price target for SAIC shares to $83 from $86 and keeps a Neutral rating on the name. He remains concerned with this year's AMCOM re-compete.
06/13/17
RHCO
06/13/17
NO CHANGE
Target $93
RHCO
Buy
SAIC earnings call 'dominated' by talk of increased investment, says SunTrust
SunTrust analyst Tobey Sommer said SAIC's earnings call was "dominated" by talk of increased investments in platform integration programs and he heard "skepticism" on the call about the viability of these being a margin driver. While he lowered his adjusted EBITDA estimates to account for investments, he remains convinced that SAIC's agile approach lowers customers' total cost of ownership. Sommer, who expects platform integration to be a significant catalyst for margin expansion, keeps a Buy rating and $93 price target on SAIC shares.
07/17/17
JEFF
07/17/17
DOWNGRADE
Target $66
JEFF
Hold
SAIC downgraded to Hold from Buy at Jefferies
Jefferies analyst Sheila Kahyaoglu downgraded SAIC to Hold and lowered her price target for the shares to $66 from $98 after assuming coverage of the name. The company's relatively concentrated portfolio with 25% of contracts exposed to re-competes is likely to drive "muted" revenue expansion, the analyst contends.
BAH Booz Allen
$33.09

-0.74 (-2.19%)

06/16/17
BOFA
06/16/17
DOWNGRADE
BOFA
Neutral
Booz Allen downgraded to Neutral from Buy at BofA/Merrill
06/26/17
COWN
06/26/17
NO CHANGE
Target $41
COWN
Outperform
Booz Allen selloff an overreaction, says Cowen
Cowen analyst Cai Von Rumohr noted Booz Allen shares have sold off $1B+ versus an $9M average defense false claims settlement. He believes the selloff is an overreaction and reiterated his Outperform rating. Von Rumohr lowered his price target to $41 from $46 on Booz Allen shares.
07/17/17
JEFF
07/17/17
DOWNGRADE
Target $36
JEFF
Hold
Booz Allen downgraded to Hold from Buy at Jefferies
Jefferies analyst Sheila Kahyaoglu downgraded Booz Allen Hamilton to Hold and lowered her price target for the shares to $36 from $41 after assuming coverage of the name. The analyst believes the Department of Justice's civil and criminal investigation into the company's indirect cost accounting practices creates an overhang.
06/16/17
06/16/17
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. Nike (NKE) downgraded to Neutral from Overweight at JPMorgan with analyst Matthew Boss saying his work suggests Nike's sales in North America are likely to get worse before getting better. 2. Kroger (KR) downgraded to Neutral from Buy at Goldman Sachs, to Neutral from Overweight at JPMorgan, and to Market Perform from Outperform at Telsey Advisory. 3. Booz Allen (BAH) was downgraded to Neutral from Buy at BofA/Merrill, to Hold from Buy at Vertical Research, and to Market Perform from Outperform at Raymond James. 4. Square (SQ) downgraded to Neutral from Outperform at Credit Suisse with analyst Paul Condra saying the shares at current levels are fully valued. 5. Noble Corp. (NE) downgraded to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BEP Brookfield Renewable
$32.85

-0.1 (-0.30%)

06/28/17
06/28/17
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. Qualcomm (QCOM) downgraded to Market Perform from Outperform at Northland with analyst Tom Sepenzis citing the previous guidance change due to the dispute with Apple (AAPL) and its suppliers. The analyst is uncertain Qualcomm's model will survive multiple attacks from regulators and now Apple, and said the longer the fight with Apple goes on the more the negative impact on shares will be. 2. Alder Biopharmaceuticals (ALDR) downgraded to Neutral from Outperform at Credit Suisse with analyst Vamil Divan citing the release of data from the PROMISE-1 trial of eptinezumab in frequent migraine treatment. Divan lowered his price target on Alder shares to $17 from $30. 3. Advance Auto Parts (AAP) downgraded to Neutral from Buy at Cleveland Research with the firm saying checks indicate that second quarter comparables are likely running below consensus as industry weakness pressures sales trends. 4. Brookfield Renewable (BEP) downgraded to Neutral from Outperform at Macquarie with analyst David Noseworthy citing expectations that growth in the U.S. will slow after the closing of the TerraForm Power (TERP) and TerraForm Global (GLBL) acquisitions, risk from increasing exposure to developing market, and premium valuation. 5. First Data (FDC) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying the turnaround in fundamentals is largely reflected in shares and deleveraging potential is less likely to be a driver going forward. 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
RAJA
07/17/17
DOWNGRADE
RAJA
Market Perform
Brookfield Renewable downgraded to Market Perform from Outperform at Raymond James
07/17/17
07/17/17
DOWNGRADE

Market Perform
Brookfield Renewable downgraded to Market Perform at Raymond James
As previously reported, Raymond James downgraded Brookfield Renewable to Market Perform and maintained a $33 price target. Analyst Frederic Bastien cites strong share performance for the downgrade.
06/28/17
MACQ
06/28/17
DOWNGRADE
MACQ
Neutral
Brookfield Renewable downgraded to Neutral from Outperform at Macquarie
Macquarie analyst David Noseworthy downgraded Brookfield Renewable to Neutral based on expectations growth in the US will slow post close of the TerraForm Power (TERP) and TerraForm Global (GLBL) acquisitions and sees risk from increasing exposure to developing market and premium valuation.

TODAY'S FREE FLY STORIES

FB

Facebook

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$47.37

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LUV

Southwest

$57.56

-1.96 (-3.29%)

12:37
07/27/17
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Southwest sees 'modest' capacity growth in Q4 in 1%-2% range »

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LUV

Southwest

$57.60

-1.925 (-3.23%)

12:36
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Southwest sees Q4 unit costs in line with year-ago levels »

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LUV

Southwest

$57.60

-1.925 (-3.23%)

12:36
07/27/17
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Hot Stocks
Southwest sees Q3 unit costs ex-items up 2%-3% y/y »

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  • 27

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AAPL

Apple

$153.46

0.72 (0.47%)

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

Apple is discontinuing…

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  • 01

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HOG

Harley-Davidson

$49.96

1.32 (2.71%)

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

Heavy call activity in…

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  • 02

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

Atlanta Fed's final…

VBIV

VBI Vaccines

$4.61

-0.03 (-0.65%)

12:25
07/27/17
07/27
12:25
07/27/17
12:25
Conference/Events
VBI Vaccines to host conference call »

Conference call to…

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DAL

Delta Air Lines

$50.74

-0.395 (-0.77%)

, AFLYY

Air France-KLM

$14.14

0.18 (1.29%)

12:22
07/27/17
07/27
12:22
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12:22
Hot Stocks
Delta Air Lines to acquire 10% equity stake in Air France-KLM for EUR375M »

Delta Air Lines (DAL)…

DAL

Delta Air Lines

$50.74

-0.395 (-0.77%)

AFLYY

Air France-KLM

$14.14

0.18 (1.29%)

03/08/13
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03/06/13
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GG

Goldcorp

$12.88

-0.91 (-6.60%)

12:20
07/27/17
07/27
12:20
07/27/17
12:20
Options
Repeat activity in GoldCorp after earnings »

Repeat activity in…

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  • 27

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12:20
07/27/17
07/27
12:20
07/27/17
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General news
Treasury Option Action: heavy put activity »

Treasury Option Action:…

$NSD

NASDAQ Market Internals

12:17
07/27/17
07/27
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

12:16
07/27/17
07/27
12:16
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12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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W

Wayfair

$78.91

-0.4533 (-0.57%)

12:15
07/27/17
07/27
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Options
Wayfair put volume heavy and directionally bearish »

Bearish flow noted in…

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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
07/27/17
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Recommendations
Teladoc, Amazon.com analyst commentary  »

Teladoc selloff on Amazon…

TDOC

Teladoc

$31.78

-2.575 (-7.50%)

AMZN

Amazon.com

$1,052.80

12.93 (1.24%)

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SBUX

Starbucks

$57.94

-0.61 (-1.04%)

12:11
07/27/17
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Technical Earnings Preview: Starbucks in consolidation phase before news »

The stock has been…

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AAPL

Apple

$153.46

0.72 (0.47%)

12:06
07/27/17
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Breaking Periodicals news story on Apple »

Apple to discontinue iPod…

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  • 01

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NTES

NetEase

$312.15

3.26 (1.06%)

12:05
07/27/17
07/27
12:05
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12:05
Options
NetEase call volume above normal and directionally bullish »

Bullish option flow…

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  • 09

    Aug

WABC

Westamerica

$54.57

-1.82 (-3.23%)

12:04
07/27/17
07/27
12:04
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12:04
Hot Stocks
Westamerica announces announces stock repurchase plan »

Westamerica…

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12:00
07/27/17
07/27
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12:00
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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12:00
Periodicals
Intel sells four offices buildings, development center in Alameda, SVBJ says »

Intel has sold four…

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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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11:58
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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  • 02

    Aug

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  • 02

    Oct

RYAM

Rayonier Advanced Materials

$15.72

-0.11 (-0.69%)

11:56
07/27/17
07/27
11:56
07/27/17
11:56
Hot Stocks
Tembec shareholders approve deal with Rayonier Advanced Materials »

Rayonier Advanced…

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  • 03

    Aug

  • 07

    Aug

TKC

Turkcell

$9.29

0.29 (3.22%)

11:55
07/27/17
07/27
11:55
07/27/17
11:55
Hot Stocks
Breaking Hot Stocks news story on Turkcell 

Turkcell trading resumes

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FOSL

Fossil

$10.83

-0.19 (-1.72%)

11:55
07/27/17
07/27
11:55
07/27/17
11:55
Hot Stocks
Breaking Hot Stocks news story on Fossil »

Classic Fund Management…

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