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CPN

Calpine

$14.14

0.02 (0.14%)

, DUK

Duke Energy

$84.19

0.16 (0.19%)

09:55
07/18/17
07/18
09:55
07/18/17
09:55

House Energy & Commerce Committee to hold a hearing

The Subcommittee on Energy holds a hearing entitled, "Powering America: Examining the State of the Electric Industry through Market Participant Perspectives" with SVP Alex Glenn of Duke Energy, EVP Kelliher of NextEra Energy, EVP Linde of Public Service Enerprise Group, VP Schisler of EnerNOC and SVP Schleimer of Calpine on July 18 at 10 am. Webcast Link

CPN

Calpine

$14.14

0.02 (0.14%)

DUK

Duke Energy

$84.19

0.16 (0.19%)

ENOC

EnerNOC

$7.70

-0.025 (-0.32%)

NEE

NextEra Energy

$141.52

0.545 (0.39%)

PEG

PSEG

$43.31

0.08 (0.19%)

  • 18

    Jul

  • 26

    Jul

  • 28

    Jul

  • 03

    Aug

CPN Calpine
$14.14

0.02 (0.14%)

05/24/17
FBCO
05/24/17
NO CHANGE
FBCO
Outperform
Exelon a net winner despite 'disappointing' 2020/21 auction, says Credit Suisse
Following PJM Interconnection's annual capacity auction, Credit Suisse analyst Michael Weinstein called Exelon a net winner despite "disappointing" RPM results for the 2020/21 capacity auction. The results for the EMAAC area should help drive a net positive result for Exelon assuming the same amount of capacity cleared year-over-year, he indicated. PSEG (PEG) and Calpine (CPN)are also "net beneficiaries," while Dynegy (DYN), NRG Energy (NRG) and FirstEnergy (FE) will "bear the brunt of a poor RTO showing," Weinstein tells investors.
06/20/17
SBSH
06/20/17
NO CHANGE
SBSH
Citi sees increasing likelihood of Vistra acquiring Dynegy
After hosting investor meetings with managements in Texas, Citi analyst Praful Mehta believes the likelihood of a Dynegy (DYN) acquisition by Vistra Energy (VST) is increasing. He views price as the "likely gating item" and continues to expect an $11-$12 per share buyout price for Dynegy in an all stock deal. Vistra management seems "more open to the deal than we originally interpreted," Mehta tells investors in a research note. The analyst also believes a private equity exit for Calpine (CPN) is increasing likely as the company continues with its reported sale process.
07/06/17
SBSH
07/06/17
NO CHANGE
Target $15
SBSH
Buy
Citi sees increasing likelihood of PE deal for Calpine
Citi analyst Praful Mehta believes the likelihood is increasing for a private equity exit for Calpine. Management's refusal to talk about the deal suggests that the process and negotiations are continuing well, Mehta tells investors in a research note. The analyst continues to think that if a deal is announced, it is likely in the $15 range and over the next couple of months. He keeps a Buy rating on Calpine with a $15 price target.
07/10/17
GSCO
07/10/17
DOWNGRADE
Target $14
GSCO
Neutral
Calpine downgraded to Neutral from Buy at Goldman Sachs
Goldman analyst Michael Lapides downgraded Calpine to Neutral citing recent share appreciation and maintained a $14 price target.
DUK Duke Energy
$84.19

0.16 (0.19%)

01/25/17
FBCO
01/25/17
INITIATION
Target $81
FBCO
Neutral
Duke Energy initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Weinstein started Duke Energy with a Neutral rating and $81 price target.
04/24/17
FBCO
04/24/17
NO CHANGE
Target $86
FBCO
Neutral
Duke Energy price target raised to $86 from $81 at Credit Suisse
Credit Suisse analyst Michael Weinstein raised his price target for Duke Energy to $86 from $81 to reflect a higher base electric and gas P/E multiple within his sum of the parts valuation. The analyst reiterates a Neutral rating on the shares.
06/25/17
GSCO
06/25/17
UPGRADE
Target $85
GSCO
Buy
Duke Energy upgraded to Buy from Neutral at Goldman Sachs
Goldman analyst Michael Lapides upgraded Duke Energy to Buy and raised its price target to $85 from $82 saying relative valuation is compelling. Lapides said Duke has taken various strategic actions that have shifted the company towards a stable regulatory infrastructure business and believes rate case filings and continued O&M cost management should mitigate North Caroline regulatory lag. The analyst also downgraded the Utilities sector to Cautious from Neutral saying valuations now appear stretched while earnings growth appears relatively normal.
06/26/17
06/26/17
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. Coach (COH) upgraded to Buy from Neutral by Buckingham analyst Scott Krasik, who sees further upside based on expectations core margins can expand, Kate Spade accretion will exceed expectations, and thinks the company will make further additive acquisitions over the next few years. 2. Costco (COST) upgraded to Outperform from Market Perform by Raymond James analyst Budd Bugatch, who noted that the shares have pulled back approximately 13% since June 15 in reaction to Amazon's (AMZN) purchase of Whole Foods (WFM), which he views as providing a buying opportunity. 3. Pandora (P) upgraded to Sector Weight from Underweight at Pacific Crest by analyst Andy Hargreaves, who said the SiriusXM-appointed board members are likely to push for a moderated cash burn rate. The analyst believes lower cash burn, even at the expense of subscriber growth, would be a positive for Pandora. 4. UBS (UBS) upgraded to Overweight from Neutral by JPMorgan analyst Kian Abouhossein, who views the current valuation as attractive. 5. Goldman analyst Michael Lapides upgraded Duke Energy (DUK) to Buy and raised its price target to $85 from $82 saying relative valuation is compelling. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ENOC EnerNOC
$7.70

-0.025 (-0.32%)

06/23/17
RAJA
06/23/17
DOWNGRADE
RAJA
Market Perform
EnerNOC downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Pavel Molchanov downgraded EnerNOC to Market Perform following the acquisition by Enel and said he does not expect a bidding war for the company.
06/23/17
BARD
06/23/17
DOWNGRADE
Target $8
BARD
Neutral
EnerNOC downgraded to Neutral at Baird
As previously reported, Baird analyst Ben Kallo downgraded EnerNOC to Neutral from Outperform following its agreement to be acquired by the Enel Group for $7.67 per share.
06/23/17
06/23/17
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. Caterpillar (CAT) downgraded to Hold from Buy at Deutsche Bank with analyst Nicole DeBlase saying risks are skewed to the downside as consensus estimates have risen and the recovery in mining A/M and incremental cross-cycle margin improvement are reflected in expectations. 2. Hain Celestial (HAIN) downgraded to Neutral from Overweight at JPMorgan with analyst Ken Goldman saying fundamentals have worsened more than feared and guidance seems "slightly" optimistic. 3. Baker Hughes (BHI) downgraded to Hold from Buy at Tudor Pickering. 4. Tanger Factory (SKT) downgraded to Underperform from Neutral at BofA/Merrill with analyst Craig Schmidt citing increased concerns about the moderate outlet space. 5. EnerNOC (ENOC) was downgraded to Market Perform from Outperform at Raymond James and to Neutral from Outperform at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/26/17
NEED
06/26/17
DOWNGRADE
NEED
Hold
EnerNOC downgraded to Hold from Buy at Needham
Needham downgraded EnerNOC to Hold following the acquisition by Enel for $7.67 per share.
NEE NextEra Energy
$141.52

0.545 (0.39%)

09/23/16
DBAB
09/23/16
DOWNGRADE
Target $131
DBAB
Hold
NextEra Energy downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Jonathan Arnold downgraded NextEra Energy to Hold saying he sees limited near-term upside with the shares up 23% year-to-date. "Extraordinarily frosty commentary" from two of three PUCT commissioners yesterday regarding NextEra's Oncor deal indicates an uphill battle in getting it approved, Arnold tells investors in a research note. Further, tax credit extensions may pressure the company's near-term renewables bookings, the analyst contends. He cut his price target for the shares to $131 from $133.
09/23/16
09/23/16
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. Twitter (TWTR) downgraded to Underperform from Sector Perform by RBC analyst Mark Mahaney, who cut his price target to $14 from $17. The research firm's survey of more than 1,100 advertising professionals and their attitudes towards Facebook (FB), Google (GOOG), Twitter and other high-profile names showed that, despite marketing budgets continuing to shift online, interest in the microblog platform appears to be declining. Of note, Twitter shares have surged this morning after CNBC's David Faber reported that Twitter is moving closer to selling itself and has received expressions of interest in a possible sale, although no deal is imminent. 2. Yum! Brands (YUM) downgraded to Outperform from Top Pick by RBC Capital analyst David Palmer based on valuation. His price target on Yum shares remains $97. 3. Becton Dickinson (BDX) downgraded to Sell from Neutral by Citi analyst Amit Hazan, who thinks a cyclical U.S. slowdown will push the company's organic growth below expectations. The analyst, who also sees a diminishing impact on Becton's growth from emerging markets, cut his price target for the shares to $165 from $167. 4. NextEra Energy (NEE) downgraded to Hold from Buy by Deutsche Bank analyst Jonathan Arnold, as he sees limited near-term upside with the shares up 23% year-to-date. "Extraordinarily frosty commentary" from two of three PUCT commissioners yesterday regarding NextEra's Oncor deal indicates an uphill battle in getting it approved, Arnold tells investors. 5. AVANGRID (AGR) downgraded to Underweight from Neutral by JPMorgan analyst Christopher Turnure, who thinks both the company's growth guidance and consensus expectations "appear ambitious." He lowered his price target for the shares to $41 and $44 and notes he does not have confidence in AVANGRID's near-term growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/27/16
BOFA
09/27/16
NO CHANGE
BOFA
NextEra Energy added to US 1 List, Jack in the Box removed at BofA/Merrill
01/30/17
DBAB
01/30/17
UPGRADE
Target $33
DBAB
Buy
NextEra Energy Partners upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Jonathan Arnold upgraded NextEra Energy Partners (NEP) to Buy citing valuation and "supportive actions" from parent NextEra Energy (NEE). The analyst raised his price target for the shares to $33 from $29.
PEG PSEG
$43.31

0.08 (0.19%)

04/19/17
MZHO
04/19/17
INITIATION
Target $44.5
MZHO
Neutral
PSEG initiated with a Neutral at Mizuho
Mizuho analyst Paul Fremont initiated PSEG with an Neutral and a $44.50 price target given regulatory risk at the state and Federal levels, as well as risk from commodity exposure.
05/11/17
DBAB
05/11/17
NO CHANGE
Target $14
DBAB
Buy
Calpine unlikely to go private above $16 per share, says Deutsche Bank
Deutsche Bank analyst Abe Azar sees few strategic acquirers for Calpine (CPN), making going private or remaining public the most likely outcomes in his view. The Wall Street Journal reported yesterday that the company is exploring a sale. Market power issues in Texas make a combination with Vistra Energy (VST) or NRG Energy (NRG) unlikely, and while PSEG (PEG) and Exelon (EXC) could afford buying Calpine, such a deal would be a shift in strategy for both. The analyst finds it unlikely that a go-private deal gets done much north of $16 per share. He believes, however, that a mid-teens per share takeout is possible "with some creative structuring." Even without a deal, Calpine offers value based on its cash flow profile, Azar contends. The analyst reiterates a Buy rating on Calpine with a $14 price target.
07/17/17
WOLF
07/17/17
UPGRADE
WOLF
Peer Perform
PSEG upgraded to Peer Perform from Underperform at Wolfe Research

TODAY'S FREE FLY STORIES

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CFX

Colfax

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07:00
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Earnings
Colfax raises FY17 adjusted EPS view to $1.65-$1.75 from $1.60-$1.75 

Consensus $1.73.

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CFX

Colfax

$40.83

-0.12 (-0.29%)

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DVAX

Dynavax

$9.25

-1.15 (-11.06%)

07:00
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EA

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$117.60

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UFS

Domtar

$38.49

0.06 (0.16%)

06:59
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Earnings
Domtar reports Q2 EPS 61c, consensus 55c »

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FCAU

Fiat Chrysler

$11.83

-0.07 (-0.59%)

06:59
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Periodicals
Fiat Chrysler's Maserati to launch electric model after 2019, WSJ reports »

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VLP

Valero Energy Partners

$45.16

-0.57 (-1.25%)

06:57
07/28/17
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Earnings
Valero Energy Partners reports Q2 EPS 69c, consensus 75c »

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  • 28

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ZBH

Zimmer Biomet

$125.44

-3.26 (-2.53%)

06:56
07/28/17
07/28
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06:56
Downgrade
Zimmer Biomet rating change  »

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  • 10

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JCI

Johnson Controls

$40.14

-3.18 (-7.34%)

06:56
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X

U.S. Steel

$25.00

-1.2 (-4.58%)

06:56
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MRK

Merck

$63.69

1.89 (3.06%)

06:53
07/28/17
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Breaking Hot Stocks news story on Merck »

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VC

Visteon

$111.53

1.56 (1.42%)

06:53
07/28/17
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Visteon rating change  »

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QEP

QEP Resources

$7.93

-1.34 (-14.46%)

06:53
07/28/17
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QEP Resources rating change  »

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MRK

Merck

$63.69

1.89 (3.06%)

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PLT

Plantronics

$53.65

0.15 (0.28%)

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VLKAY

Volkswagen

$31.69

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NSH

NuStar GP Holdings

$23.55

0.05 (0.21%)

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MRK

Merck

$63.69

1.89 (3.06%)

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VFC

VF Corp.

$60.81

-0.06 (-0.10%)

06:50
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VF Corp. rating change  »

VF Corp. upgraded to…

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MRK

Merck

$63.69

1.89 (3.06%)

06:50
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SAM

Boston Beer

$135.65

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06:50
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ALGN

Align Technology

$157.26

-1.43 (-0.90%)

06:49
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  • 21

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MRK

Merck

$63.69

1.89 (3.06%)

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