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NFLX

Netflix

$161.70

0.58 (0.36%)

, FSLR

First Solar

$42.72

-0.22 (-0.51%)

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

Early notable gainers among liquid option names on July 18th

Notable gainers among liquid option names this morning include Netflix (NFLX) $175.79 +14.10, First Solar (FSLR) $43.94 +1.21, Expeditors (EXPD) $58.63 +1.04, American Tower (AMT) $137.84 +2.42, and Priceline (PCLN) $1978.78 +33.86.

NFLX

Netflix

$161.70

0.58 (0.36%)

FSLR

First Solar

$42.72

-0.22 (-0.51%)

EXPD

Expeditors

$57.58

0.31 (0.54%)

AMT

American Tower

$136.25

0.85 (0.63%)

PCLN

Priceline

$1,945.46

-5.41 (-0.28%)

  • 27

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    Aug

NFLX Netflix
$161.70

0.58 (0.36%)

07/18/17
BERN
07/18/17
NO CHANGE
BERN
Netflix price target raised to $203 from $178 at Bernstein
Bernstein analyst Todd Juenger raised his price target on Netflix after the company reported higher than expected Q2 subscriber additions and provided higher than expected Q3 subscriber guidance. The analyst points out that Netflix in all likelihood will add " more paying subscribers in the first 9 months of 2017 (at a higher ARPU) than Hulu has in its entire 7+ year existence." The analyst says that the stock significantly undervalues the company's subscriber potential. He adds that the company has "a huge" scale advantage. He keeps an Outperform rating on the shares.
07/18/17
FBCO
07/18/17
NO CHANGE
Target $190
FBCO
Neutral
Netflix price target raised to $190 from $154 at Credit Suisse
Credit Suisse analyst Stephen Ju raised her price target for Netflix to $190 from $154 after the company posted a beat-and-raise result due primarily to the ongoing strength of its owned-and-operated content, and as he contemplates a sharper subscriber acquisition trajectory in International. The analyst reiterates a Neutral rating on the shares on valuation.
07/18/17
STFL
07/18/17
NO CHANGE
STFL
Netflix price target raised to $200 from $170 at Stifel
Stifel analyst Scott W. Devitt raised his price target on Netflix after the company reported higher than expected Q2 subscriber additions and provided higher than expected Q3 subscriber guidance. The analyst says that the company "hit two major milestones" last quarter, as it surpassed the 100M total subscriber mark and its international subscriber total surpassed its U.S. subscriber total. He says its investments appear to be paying off, and he keeps a Buy rating on the shares.
07/18/17
PIVT
07/18/17
NO CHANGE
Target $200
PIVT
Buy
Netflix price target raised to $200 from $175 at Pivotal Research
Pivotal Research analyst Jeffrey Wlodarczak raised Netflix's price target to $200 from $175 saying his Buy rated investment thesis is unchanged and offers consumers an increasingly compelling entertainment experience on virtually any device at a low cost.
FSLR First Solar
$42.72

-0.22 (-0.51%)

05/24/17
JMPS
05/24/17
UPGRADE
JMPS
Outperform
First Solar upgraded to Outperform from Market Perform at JMP Securities
05/18/17
BARD
05/18/17
DOWNGRADE
BARD
Neutral
First Solar downgraded to Neutral from Outperform at Baird
05/04/17
05/04/17
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. First Solar (FSLR) upgraded to Buy from Neutral at BofA/Merrill with analyst Krish Sankar saying First Solar's execution has improved and said the low cost Series 6 product could lead to better margins starting in the second quarter of 2018. Sankar also told investors First Solar's valuation is attractive and the balance sheet has strengthened. 2. Fogo De Chao (FOGO) upgraded to Buy from Hold at Canaccord with analyst Lynne Collier saying she sees an improved outlook for the overall industry in the next 12-24 months and she has increased confidence in the company's ability to drive market share gains. Collier raised her price target to $20 from $16 on Fogo de Chao shares. 3. Carlyle Group (CG) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Robert Lee citing the "strong" first quarter results and accrued carry. 4. Regions Financial (RF) upgraded to Buy from Neutral at BofA/Merrill with analyst Erika Najarian saying the market is undervaluing a "significant capital return story" following the year-to-date underperformance relative to peers. The analyst sees upside to the dividend and thinks Regions can return 20% of its market capitalization over the next two years. Her price target of $17 implies 20% upside from current levels. 5. Bunge (BG) upgraded to Neutral from Underweight at JPMorgan with analyst Ann Duignan citing a balanced risk/reward following the 11% post-earnings selloff. The analyst keeps a $70 price target for the 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.
05/04/17
BOFA
05/04/17
UPGRADE
Target $45
BOFA
Buy
First Solar upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded First Solar to Buy from Neutral and raised its price target to $45 from $42 following the better than expected Q1 report and raised guidance . Analyst Krish Sankar said First Solar's execution has improved and said the low cost Series 6 product could lead to better margins starting in Q2 2018. Sankar also told investors First Solar's valuation is attractive and the balance sheet has strengthened.
EXPD Expeditors
$57.58

0.31 (0.54%)

12/16/16
COWN
12/16/16
NO CHANGE
COWN
Near-term risk to third-party logistics from Amazon likely limited, says Cowen
Cowen analyst Jason Seidl noted the Business Insider report claiming that Amazon (AMZN) is building a truck brokerage app to compete with third-party logistics providers, though he believes the near-term risk to larger brokers like C.H. Robinson (CHRW), Echo Global (ECHO) and Expeditors (EXPD) is "likely very limited." Small private brokers are more likely to be most impacted in the near to intermediate terms, said Seidl, who also does not think J.B. Hunt (JBHT) would be materially impacted by this possible development from Amazon.
03/13/17
WELS
03/13/17
INITIATION
WELS
Market Perform
Expeditors initiated with a Market Perform at Wells Fargo
08/04/16
STFL
08/04/16
DOWNGRADE
STFL
Hold
Expeditors downgraded on valuation, international trade outlook at Stifel
As noted earlier, Stifel downgraded Expeditors to Hold from Buy. Analyst David Ross downgraded the stock based on valuation and his view that international trade trends will be "soft" going forward.
04/13/17
VERT
04/13/17
INITIATION
Target $63
VERT
Hold
Expeditors initiated with a Hold at Vertical Research
Vertical Research analyst Brian Konigsberg initiated Expeditors with a Hold and a $63 price target. The analyst said his work indicates we are at or near a truckload utilization trough, which history suggests should favor positioning in asset-light companies. However, valuation upside since year-end, a pick up in deal activity and a transitioning competitive landscape in the asset-light arena, leads him to reshuffle a bit. Konigsberg recommends companies with special situations and unrealized earnings power that is set to be "unleashed."
AMT American Tower
$136.25

0.85 (0.63%)

04/11/17
GUGG
04/11/17
UPGRADE
Target $135
GUGG
Buy
American Tower upgraded on improving tower sentiment, metrics at Guggenheim
As previously reported, Guggenheim upgraded American Tower (AMT) to Buy from Neutral and raised its price target to $135 from $117. Analyst Jonathan Schildkraut said improving tower sentiment, a rebound in AT&T's (T) wireless capex, and upside from FX tailwinds, and more potential upside from buybacs should drive multiple expansion.
04/10/17
GUGG
04/10/17
UPGRADE
GUGG
Buy
American Tower upgraded to Buy from Neutral at Guggenheim
06/12/17
RAJA
06/12/17
DOWNGRADE
RAJA
Outperform
American Tower downgraded to Outperform from Strong Buy at Raymond James
Raymond James analyst Ric Prentiss downgraded American Tower to Outperform and maintained a $147 price target citing year-to-date strong share performance and headline risk from a potential Sprint (S) and T-Mobile (TMUS) transaction near-term. The analyst continues to believe American Tower is well positioned to withstand the impact from a potential deal given limited overlap and said the company is poised to deliver double-digit AFFO growth and increase its dividend 20% year-over-year for the next several years.
04/11/17
LEHM
04/11/17
NO CHANGE
Target $130
LEHM
Overweight
American Tower price target raised to $130 from $122 at Barclays
Barclays analyst Amir Rozwadowski raised his price target for American Tower to $130 citing an improving U.S. demand backdrop. The analyst keeps an Overweight rating on the shares.
PCLN Priceline
$1,945.46

-5.41 (-0.28%)

07/18/17
MSCO
07/18/17
NO CHANGE
Target $2100
MSCO
Priceline price target raised to $2,100 from $1,950 at Morgan Stanley
Morgan Stanley analyst Brian Nowak raised Priceline's price target to $2,100 from $1,950 and increased EBITDA estimates for 2017/18 by 3%/7% to reflect continued US Booking.com strength. The analyst said Comscore analysis indicates Booking.com's US traffic growth remains strong, up 25% year-over-year in Q2, with US online bookings share growing, and larger traffic bases leading to long-term gains in share. Nowak rates Priceline an Overweight
07/11/17
PIPR
07/11/17
NO CHANGE
PIPR
Overweight
Piper survey shows 'significant increase' in Priceline market share
Piper Jaffray analyst Michael Olson says his firm's survey of 1,000 U.S. consumers increases his confidence in his Overweight ratings on Priceline (PCLN) and Expedia (EXPE). The survey shows a "significant increase" in market share for Priceline brands, "stability" for Expedia brands and a decline in the number of people who either book direct on a hotel website or do not book travel online at all, Olson tells investors in a research note. He reiterates Overweight ratings on both Priceline and Expedia and maintains a Neutral rating on TripAdvisor (TRIP).
06/28/17
SBSH
06/28/17
UPGRADE
Target $178
SBSH
Buy
Citi sees Expedia growth accelerating in Q2, upgrades to Buy
Citi analyst Mark May upgraded Expedia (EXPE) to Buy from Neutral with a price target of $178. Owning "strong Internet franchises" during periods of positive growth inflection points is typically a good formula, May tells investors in a research note. He expects easing comparisons and business mix shift to accelerate the company's growth starting in Q2, and for the growth to be sustained in the mid-to-high-teens through 2018. The analyst also has more confidence in the long-term outlook for HomeAway and views Expedia's valuation as attractive relative to Priceline (PCLN).
06/19/17
FBCO
06/19/17
DOWNGRADE
Target $34
FBCO
Underperform
TripAdvisor downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Paul Bieber downgraded TripAdvisor (TRIP) to Underperform from Neutral citing raised expectations for TV ad spending in 2018 paired with uncertainty regarding the return on TV advertising investment given the crowded ad market for online travel. Also, the stock has a premium valuation despite inferior growth compared to Priceline (PCLN) and Expedia (EXPE), said Bieber, who lowered his price target on TripAdvisor to $34 from $40.

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