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FB

Facebook

$172.45

2.01 (1.18%)

, ULTA

Ulta Beauty

$248.60

-0.83 (-0.33%)

10:16
07/31/17
07/31
10:16
07/31/17
10:16

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Sell from Hold at Pivotal Research with analyst Brian Wieser saying the shares are not factoring in risks to the company's growth following their "remarkable run" this year. 2. Ulta Beauty (ULTA) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying softer commentary from L'Oreal on its earnings call, increasing promotional activity from the department store channel, and more difficult year-over-year comparisons "could now signal a potentially more challenging beauty backdrop going forward." 3. Hertz (HTZ) downgraded to Underweight from Equal Weight at Barclays with analyst Brian Johnson saying fundamentals may have bottomed, but the stock is ignoring the challenges ahead in the company's earnings recovery following the nearly 100% rally since June 21. 4. Citi (C) downgraded to Market Perform from Outperform at BMO Capital with analyst James Fotheringham citing valuation and lack of catalysts. 5. Visteon (VC) downgraded to Neutral from Buy at UBS with analyst Colin Langan saying the risk/reward is more balanced with the shares up 60% over the last year. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

FB

Facebook

$172.45

2.01 (1.18%)

ULTA

Ulta Beauty

$248.60

-0.83 (-0.33%)

HTZ

Hertz

$15.50

-1.845 (-10.64%)

C

Citi

$67.71

0.28 (0.42%)

VC

Visteon

$111.00

-0.44 (-0.39%)

  • 08

    Aug

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    Aug

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    Aug

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    Sep

FB Facebook
$172.45

2.01 (1.18%)

07/27/17
NEED
07/27/17
NO CHANGE
Target $185
NEED
Buy
Facebook 'strong over-delivery' a negative for Snap, says Needham
Needham analyst Laura Martin believes Facebook's (FB) "strong over-delivery" of Q2 earnings is negative for Snap (SNAP) because Instagram Stories hit 250M DAU's in Q2, well above Snap's 166M DAU's in Q1. The analyst reiterates a Buy rating and $185 price target on Facebook's shares.
07/27/17
JMPS
07/27/17
NO CHANGE
JMPS
Facebook price target raised to $195 from $170 at JMP Securities
JMP Securities analyst Ronald Josey believes that Facebook's Q2 results shows that higher ad prices can offset declines in ad loads. The analyst says that the company's "core fundamentals" are strong, and he keeps an Outperform rating on the shares.
07/27/17
UBSW
07/27/17
NO CHANGE
Target $190
UBSW
Buy
Facebook price target raised to $190 from $168 at UBS
UBS analyst Eric Sheridan raised his price target on Facebook to $190 from $168 following Q2 results. The analyst said its across the board strength should sustain the stock's price momentum. Sheridan reiterated his Buy rating on Facebook shares.
07/31/17
PIVT
07/31/17
DOWNGRADE
Target $140
PIVT
Sell
Facebook downgraded to Sell from Hold at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded Facebook (FB) to Sell with an unchanged price target of $140. The social network closed Friday up $2.01 to $172.45. The shares are not factoring in risks to the company's growth following their "remarkable run" this year, Wieser tells investors in a research note. The recent European Commission ruling on Google (GOOG, GOOGL) Shopping and the agency's approach to dominant companies in general poses a greater risk as Facebook becomes larger, the analyst contends.
ULTA Ulta Beauty
$248.60

-0.83 (-0.33%)

07/26/17
MSCO
07/26/17
NO CHANGE
MSCO
Amazon not a near-term threat to Ulta Beauty, says Morgan Stanley
Morgan Stanley analyst Brian Nowak noted that Ulta Beauty (ULTA) shares are weak today after Women's Wear Daily reported that Amazon (AMZN) is potentially partnering with high-end beauty products retailer Violet Grey. However, he is skeptical that Amazon could gain access to a large number of high end cosmetics products via such a partnership, as that would likely violate Violet Grey's deal with the brands. While he does believe Amazon is focused on growing its presence in cosmetics, he doesn't think it is a near-term threat to Ulta, even if it does partner in some way with Violet Grey.
07/31/17
OPCO
07/31/17
DOWNGRADE
Target $270
OPCO
Perform
Ulta Beauty downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Rupesh Parikh downgraded Ulta Beauty to Perform saying softer commentary from L'Oreal on its earnings call, increasing promotional activity from the department store channel and more difficult year-over-year comparisons "could now signal a potentially more challenging beauty backdrop going forward." The analyst views Ulta's risk/reward as more balanced at current share levels. He lowered his price target for the shares to $270 from $330.
07/31/17
OPCO
07/31/17
DOWNGRADE
Target $270
OPCO
Perform
Ulta Beauty downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Rupesh Parikh downgraded Ulta Beauty to Perform from Outperform, with a $270 price target, as he now views the backdrop as more challenging for the company to deliver the same level of comp and earnings upside investors have grown accustomed to.
07/31/17
COWN
07/31/17
NO CHANGE
Target $336
COWN
Outperform
Ulta Beauty weakness a buying opportunity, says Cowen
Cowen analyst Oliver Chen recommends buying Ulta Beauty on its pullback as he believes department store promotional fears are overblown. He also thinks the company's loyalty, brand access, and mass offerings enable it to protect its market shares, and its current valuation makes the shares more attractive. Chen reiterated his Outperform rating and $336 price target on Ulta Beauty shares.
HTZ Hertz
$15.50

-1.845 (-10.64%)

06/05/17
MKMP
06/05/17
NO CHANGE
Target $22
MKMP
Buy
Hertz price target lowered to $22 from $29 at MKM Partners
MKM Partners analyst Christopher Agnew said 2017 is a transition year for Hertz and expects headwinds to continue in Q2, but believes these are known and expects Q3 pricing trend visibility to become clearer by the time it reports Q2. The analyst lowered Hertz's price target to $22 from $29 but maintains his Buy rating.
06/14/17
DBAB
06/14/17
NO CHANGE
Target $45
DBAB
Buy
Avis Budget negative sentiment could be easing, says Deutsche Bank
Deutsche Bank analyst Chris Woronka attributes yesterday's rally in Avis Budget (CAR) shares to J.D. Power announcing a 270 basis point positive revision, from down 10.3% to down 7.6%, to the NADA used vehicle price index for June that it initially released late Monday. The rally implies that the "overwhelmingly" negative sentiment on Avis "could be showing signs of easing," Woronka tells investors in a research note. The analyst continues to view the Manheim used vehicle value index as the single most relevant data point for the shares. He believes July is a critical month for rental price and keeps a Buy rating on Avis with a $45 price target. Hertz (HTZ) yesterday followed shares of Avis higher.
06/27/17
MKMP
06/27/17
NO CHANGE
MKMP
Autonomous vehicle deals positive for car rental companies, says MKM Partners
After Avis (CAR) announced a multi-year deal with on autonomous vehicles with Alphabet's (GOOG, GOOGL) Waymo and news reports stated that Hertz (HTZ) is working with Apple (AAPL) on autonomous vehicles, MKM Partners analyst Christopher Agnew says the news should ease investors' concerns about car rental companies no longer existing in five to ten years. The analyst believes that car rental companies will become "more relevant" following the launch of autonomous vehicles due to their fleet management skills. He keeps Buy ratings on Hertz and Avis.
07/31/17
LEHM
07/31/17
DOWNGRADE
Target $9
LEHM
Underweight
Hertz downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Brian Johnson downgraded Hertz Global Holdings to Underweight with an unchanged price target of $9. Fundamentals may have bottomed, but the stock is ignoring the challenges ahead in the company's earnings recovery following the nearly 100% rally since June 21, Johnson tells investors in a research note. He expects a "sharp miss" relative to expectations when Hertz reports Q2 results.
C Citi
$67.71

0.28 (0.42%)

07/31/17
BMOC
07/31/17
DOWNGRADE
BMOC
Market Perform
Citi downgraded to Market Perform from Outperform at BMO Capital
07/31/17
BMOC
07/31/17
UPGRADE
BMOC
Market Perform
Wells Fargo upgraded on valuation at BMO Capital
As noted earlier, BMO Capital upgraded Wells Fargo (WFC) to Market Perform from Underperform. Analyst JamesFotheringham upgraded the stock based on valuation. In conjunction with the note, the firm downgraded Citi (C) to Market Perform from Outperform, and ended its pair trade call of going long Citi and short Wells Fargo. Target on Wells Fargo is $49.
07/31/17
BMOC
07/31/17
DOWNGRADE
BMOC
Market Perform
Citi downgraded on valuation, lack of catalysts at BMO Capital
As noted earlier, BMO Capital downgraded Citi (C) to Market Perform from Outperform. Analyst James Fotheringham downgraded the stock based on valuation and lack of catalysts. In conjunction with this note, he upgraded Wells Fargo (WFC) to Outperform from Market Perform and ended his pair trade call of going long Citi and short Wells Fargo. Target on Citi is $65.
07/17/17
FBCO
07/17/17
NO CHANGE
Target $72
FBCO
Outperform
Citi price target raised to $72 from $64 at Credit Suisse
Credit Suisse analyst Susan Roth Katzke raised her price target for Citi to $72 from $64 following a better than expected Q2. The analyst reiterates an Outperform rating on the shares.
VC Visteon
$111.00

-0.44 (-0.39%)

07/28/17
GABE
07/28/17
DOWNGRADE
GABE
Hold
Visteon downgraded to Hold from Buy at Gabelli
07/28/17
07/28/17
DOWNGRADE
Target $125

Hold
Visteon downgraded to Hold due to valuation at Gabelli
As previously reported, Gabelli downgraded Visteon to Hold from Buy. Analyst Brian Sponheimer said shares are up 40% year-to-date and are nearing his 2018 price target of $125.
07/31/17
UBSW
07/31/17
DOWNGRADE
Target $113
UBSW
Neutral
Visteon downgraded to Neutral from Buy at UBS
UBS analyst Colin Langan downgraded Visteon to Neutral saying the risk/reward is more balanced with the shares up 60% over the last year. The analyst sees margin risk "ahead of the massive 2020-21 backlog ramp." He raised his price target for the shares to $113 from $108.
07/31/17
WELS
07/31/17
UPGRADE
WELS
Outperform
Visteon upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst David Lim upgraded Visteon to Outperform with a $140 price target. UBS this morning downgraded the shares to Neutral. The analyst views Visteon's longer term outlook in both infotainment and instrument cluster share as conservative. The instrument panel/center-stack evolution to an all-glass automotive cockpit positions the company well to gain share, Lim tells investors in a post-earnings research note.

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PANW

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AMZN

Amazon.com

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Bioverativ

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RHHBY

Roche

$30.82

1.72 (5.91%)

SHPG

Shire

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-6 (-4.07%)

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CUBI

Customers Bancorp

$27.04

0.28 (1.05%)

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T

AT&T

$34.64

0.13 (0.38%)

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

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NGD

New Gold

$3.21

-0.02 (-0.62%)

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IMI

Intermolecular

$1.31

0.1 (8.26%)

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CMCSA

Comcast

$35.83

-0.33 (-0.91%)

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MLNX

Mellanox

$51.05

1 (2.00%)

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PLNT

Planet Fitness

$30.15

0.07 (0.23%)

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Teradyne

$44.43

0.86 (1.97%)

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CBS

$55.93

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CBS News suspends Charlie Rose following sexual harassment claims, AP says 

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CBS

$55.93

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MLNX

Mellanox

$51.05

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Codexis

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AT&T

$34.64

0.13 (0.38%)

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BBY

Best Buy

$56.35

0.52 (0.93%)

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AT&T

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RELY

Real Industry

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RAVN

Raven

$34.65

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ONTX

Onconova

$1.70

0.01 (0.59%)

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