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ADP

ADP

$117.38

1.75 (1.51%)

06:31
07/31/17
07/31
06:31
07/31/17
06:31

ADP upgraded to In Line from Underperform at Evercore ISI

Evercore ISI analyst David Togut upgraded ADP to In Line with a $115 price target following disclosure of Bill Ackman's recently disclosed stake in the company. The analyst expects shares to respond more to the Ackman's shareholder creating value ideas rather than underlying business fundamentals.

ADP ADP
$117.38

1.75 (1.51%)

07/27/17
BARD
07/27/17
NO CHANGE
Target $95
BARD
Neutral
Baird sees Ackman revisting prior play book at ADP
Baird analyst Mark Marcon noted that Bill Ackman previously owned a position in ADP (ADP) from 2009-2011 and agitated for changes that included rationalizing its balance sheet and spinning off non-core businesses, followed by the company spinning off CDK and buying back stock. With Ackman now reportedly back in the stock, he expects a renewal of the play book, but believes shareholder value enhancement from buy backs would be "modest" given the stock's current level. "Ironically," ADP also suggested competitive wins against Paychex (PAYX) on its earnings call today, but that stock is also rising following the Ackman news, Marcon said. He keeps a Neutral rating on ADP shares.
07/21/17
WBLR
07/21/17
DOWNGRADE
WBLR
Market Perform
Paychex downgraded to Market Perform from Outperform at William Blair
William Blair analyst Timothy McHugh downgraded Paychex (PAYX) to Market Perform citing his updated industry model. The analyst this morning also downgraded ADP (ADP) to Market Perform.
07/21/17
WBLR
07/21/17
DOWNGRADE
WBLR
Market Perform
ADP downgraded to Market Perform from Outperform at William Blair
William Blair analyst Timothy McHugh downgraded ADP to Market Perform citing his updated industry model.
07/18/17
07/18/17
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. AMD (AMD) downgraded to Underweight from Equal Weight at Barclays with analyst Blayne Curtis saying he is "unconvinced" that AMD products will gain enough traction to support the current valuation. 2. ADP (ADP) downgraded to Equal Weight from Overweight at Barclays with analyst Darrin Peller citing valuation and the potential for lingering political driven uncertainty to impact bookings growth. The analyst lowered his price target for the shares to $105 from $110. 3. Cirrus Logic (CRUS) downgraded to Underweight from Equal Weight at Barclays with analyst Blayne Curtis saying the company's content story "stalls" in fiscal year 2019. 4. FMC Corporation (FMC) downgraded to Neutral from Buy at Seaport Global with analyst Michael Harrison saying competitor Bayer recently noted high inventories of crop protection chemicals in Brazil that creates a more cautious view of FMC's second half earnings. 5. Dominion Diamond (DDC) was downgraded to Hold from Buy at Gabelli and to Market Perform from Outperform at BMO Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

C

Citi

$66.08

-0.5015 (-0.75%)

11:50
08/21/17
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11:50
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Sizable call write in Citi »

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JPM

JPMorgan

$90.56

-0.18 (-0.20%)

, AAPL

Apple

$157.50

-0.36 (-0.23%)

11:43
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11:43
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Periodicals
JPMorgan pledges up to $2M to anti-hate groups, CNBC reports »

JPMorgan (JPM) is…

JPM

JPMorgan

$90.56

-0.18 (-0.20%)

AAPL

Apple

$157.50

-0.36 (-0.23%)

FOX

21st Century Fox

$26.79

-0.1 (-0.37%)

FOXA

21st Century Fox

$27.26

-0.09 (-0.33%)

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SNA

Snap-On

$142.41

-5.55 (-3.75%)

11:41
08/21/17
08/21
11:41
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11:41
Technical Analysis
Technical View: Snap-On falls to session lows, analyst action »

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  • 22

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TV

Grupo Televisa

$25.75

0.31 (1.22%)

11:40
08/21/17
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11:40
Options
Put seller opens a large position in Grupo Televisa »

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11:40
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General news
Fed's inaugural SCE Labor Market Survey surprisingly dour: »

Fed's inaugural SCE…

CYH

Community Health

$7.63

0.595 (8.46%)

11:37
08/21/17
08/21
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11:37
Hot Stocks
ASL Strategic Value Fund calls on Community Health board to replace CEO »

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11:37
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Hot Stocks
Breaking Hot Stocks news story  »

Stellus Capital…

BRK.A

Berkshire Hathaway

$267,800.00

423 (0.16%)

, BRK.B

Berkshire Hathaway

$177.86

0.3 (0.17%)

11:36
08/21/17
08/21
11:36
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11:36
Hot Stocks
Berkshire Hathaway Energy agreement to acquire Oncor terminated by EFH »

Berkshire Hathaway Energy…

BRK.A

Berkshire Hathaway

$267,800.00

423 (0.16%)

BRK.B

Berkshire Hathaway

$177.86

0.3 (0.17%)

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F

Ford

$10.62

0.06 (0.57%)

, AAPL

Apple

$157.50

-0.36 (-0.23%)

11:36
08/21/17
08/21
11:36
08/21/17
11:36
Periodicals
Ford CTO: Autonomous vehicles need more than just software, Axios reports »

Ford (F) CTO Ken…

F

Ford

$10.62

0.06 (0.57%)

AAPL

Apple

$157.50

-0.36 (-0.23%)

GOOG

Alphabet

$910.67

-0.31 (-0.03%)

GOOGL

Alphabet Class A

$926.18

-1.48 (-0.16%)

03/08/13
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  • 23

    Aug

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    Aug

PNW

Pinnacle West

$89.26

-0.03 (-0.03%)

11:35
08/21/17
08/21
11:35
08/21/17
11:35
Hot Stocks
Pinnacle West says Commissioner Burns files petition to vacate ACC's order »

On August 18, the ACC…

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11:34
08/21/17
08/21
11:34
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11:34
General news
3-Month Bill Auction Total Amount data reported »

3-Month Bill Auction…

11:34
08/21/17
08/21
11:34
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11:34
General news
6-Month Bill Auction Total Amount data reported »

6-Month Bill Auction…

MCD

McDonald's

$158.46

0.7 (0.44%)

11:31
08/21/17
08/21
11:31
08/21/17
11:31
Periodicals
McDonald's to close 169 outlets in northern, eastern India, Reuters reports »

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  • 25

    Sep

AEO

American Eagle

$10.40

-0.715 (-6.44%)

11:30
08/21/17
08/21
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11:30
Options
American Eagle puts active as shares touch 52-week lows »

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  • 23

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PNW

Pinnacle West

$89.00

-0.2899 (-0.32%)

11:29
08/21/17
08/21
11:29
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11:29
Earnings
Breaking Earnings news story on Pinnacle West »

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IYR

DJ US Real Estate Index Fund

$79.79

0.61 (0.77%)

, XLV

Health Care Select Sector SPDR

$78.27

0.27 (0.35%)

11:25
08/21/17
08/21
11:25
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11:25
Technical Analysis
S&P 500 trades near top of range for the day as mid-session approaches »

The S&P 500 (SPX) is…

IYR

DJ US Real Estate Index Fund

$79.79

0.61 (0.77%)

XLV

Health Care Select Sector SPDR

$78.27

0.27 (0.35%)

XLP

Consumer Staples Sector SPDR

$55.35

0.145 (0.26%)

XLB

S&P Select Materials SPDR

$53.82

0.105 (0.20%)

XLU

Utilities SPDR

$54.56

0.06 (0.11%)

XLE

Energy Select Sector SPDR

$62.05

-0.27 (-0.43%)

XLF

Financial Select Sector

$24.49

-0.13 (-0.53%)

XLK

Technology Select Sector SPDR

$56.83

-0.245 (-0.43%)

SPY

SPDR S&P 500 ETF Trust

$242.46

-0.25 (-0.10%)

SPX

S&P 500

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AXDX

Accelerate Diagnostics

$21.70

-1.85 (-7.86%)

11:22
08/21/17
08/21
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11:22
Recommendations
Accelerate Diagnostics analyst commentary  »

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ETE

Energy Transfer Equity

$16.54

-0.135 (-0.81%)

11:20
08/21/17
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11:20
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11:20
Options
Short-term call buyer in Energy Transfer Equity »

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$NSD

NASDAQ Market Internals

11:17
08/21/17
08/21
11:17
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11:17
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NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

11:16
08/21/17
08/21
11:16
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11:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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11:15
08/21/17
08/21
11:15
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11:15
General news
Treasury announced a $30 B 4-week bill sale for Tuesday »

Treasury announced a $30…

11:15
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11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

11:15
08/21/17
08/21
11:15
08/21/17
11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

PAYX

Paychex

$54.99

0.01 (0.02%)

11:11
08/21/17
08/21
11:11
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11:11
Hot Stocks
Paychex acquires HR Outsourcing Holdings; terms not disclosed »

Paychex announced the…

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AXDX

Accelerate Diagnostics

$21.70

-1.85 (-7.86%)

11:10
08/21/17
08/21
11:10
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11:10
Hot Stocks
Accelerate Diagnostics CEO trades 223K shares for shares of exchange fund »

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