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L

Loews

$48.62

0.36 (0.75%)

, CNA

CNA Financial

$51.76

2.419 (4.90%)

11:10
07/31/17
07/31
11:10
07/31/17
11:10

Loews: Short- to -medium term outlook for offshore drilling market 'bleak'

Loews (L) CEO Jim Tisch says company believes having a diversified portfolio offers the best way to deliver superior returns, but notes that operating in diverse industries means units can face vastly different market environments. Says offshore drilling in protracted downcycle. Says still ample runway for value creation at CNA (CNA), says company working to address expense ratio. Says Diamond Offshore (DO) operating in an industry that continues to face one of the sharpest downturns in its history. Says short- to medium-term outlook for offshore drilling market "bleak," unclear when it will recover. Comments taken from the Q2 earnings conference call. Loews is up about 1% in morning trading, CNA Financial is up 4.6% and Diamond Offshore is fractionally higher.

L

Loews

$48.62

0.36 (0.75%)

CNA

CNA Financial

$51.76

2.419 (4.90%)

DO

Diamond Offshore

$11.84

-0.16 (-1.33%)

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    Jul

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    Jul

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    Jul

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    Aug

  • 14

    Nov

L Loews
$48.62

0.36 (0.75%)

CNA CNA Financial
$51.76

2.419 (4.90%)

10/07/16
KBWI
10/07/16
INITIATION
Target $39
KBWI
Market Perform
CNA Financial initiated with a Market Perform at Keefe Bruyette
Keefe Bruyette analyst Meyer Shields started CNA Financial with a Market Perform rating and $39 price target.
12/02/16
MACQ
12/02/16
DOWNGRADE
Target $39
MACQ
Neutral
CNA Financial downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Amit Kumar downgraded CNA Financial to Neutral and raised its price target to $39 from $37. Kumar reduced his rating citing recent share strength and commercial pricing headwinds.
05/02/17
DBAB
05/02/17
DOWNGRADE
Target $46
DBAB
Hold
CNA Financial downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Joshua Shanker downgraded CNA Financial to Hold citing valuation with the stock up 56% over the past 12 months. The analyst raised his price target for the shares to $46 from $45 following CNA's Q1 results.
05/02/17
05/02/17
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 Underperform from Neutral at Macquarie with analyst Srini Pajjuri telling investors PC progress was disappointing versus high expectations and margin expansion will be difficult. 2. CNA Financial (CNA) downgraded to Hold from Buy at Deutsche Bank with analyst Joshua Shanker citing valuation with the stock up 56% over the past 12 months. The analyst raised his price target for the shares to $46 from $45 following CNA's first quarter results. 3. Arthur J. Gallagher (AJG) downgraded to Market Perform on valuation at Raymond James with analyst Gregory Peters citing valuation. 4. Ocwen (OCN) downgraded to Neutral on valuation at Compass Point with analyst Fred Small citing the over 40% jump in shares following the announcement of a strategic deal with New Residential (NRZ) on Monday. The analyst maintained a $3.50 price target on Ocwen shares and recommends moving to the sidelines until viability into long-term earnings power emerges. 5. Cerner (CERN) downgraded to Neutral from Buy at Hilliard Lyons with analyst Stephen Turner citing price appreciation and raised its price target to $68. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DO Diamond Offshore
$11.84

-0.16 (-1.33%)

02/07/17
PART
02/07/17
UPGRADE
PART
Hold
Diamond Offshore upgraded to Hold from Sell at Pareto
reaPareto analyst Bard Rosef upgraded Diamond Offshore to Hold.
03/16/17
RAJA
03/16/17
NO CHANGE
RAJA
Market Perform
Raymond James raises Diamond Offshore EBITDA estimates on Ocean Valor ruling
Raymond James analyst Praveen Narra called a Brazilian court ruling on the side of Diamond Offshore (DO) in the case of the Ocean Valor termination with Petrobras (PBR) a "surprise" and upped his EBITDA estimates for FY17 and FY18 based on the decision. He expects the stock to react positively to the news, but maintains a Market Perform rating on Diamond citing the current point in the offshore cycle. Diamond Offshore shares are up 1.7% to $15.64 in early trading.
06/21/17
GHSC
06/21/17
DOWNGRADE
GHSC
Sell
Diamond Offshore downgraded to Sell from Neutral at Seaport Global
06/30/17
BOFA
06/30/17
DOWNGRADE
BOFA
Neutral
Diamond Offshore downgraded to Neutral from Buy at BofA/Merrill

TODAY'S FREE FLY STORIES

KMDA

Kamada

$4.65

-0.05 (-1.06%)

07:03
11/21/17
11/21
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11/21/17
07:03
Hot Stocks
Kamada announces new supply agreement with international organization for KamRAB »

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PDCO

Patterson Companies

$34.82

-1.22 (-3.39%)

07:02
11/21/17
11/21
07:02
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07:02
Earnings
Patterson Companies reports Q2 adjusted EPS 51c, consensus 54c »

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BLRX

BioLineRx

$1.05

0.04 (3.96%)

07:02
11/21/17
11/21
07:02
11/21/17
07:02
Earnings
BioLineRx reports Q3 EPS (7c), consensus (9c) »

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  • 21

    Nov

SIG

Signet Jewelers

$75.84

-0.74 (-0.97%)

, ADS

Alliance Data

$224.67

0.32 (0.14%)

07:02
11/21/17
11/21
07:02
11/21/17
07:02
Hot Stocks
Signet in advanced talks with interested partners on more credit outsourcing »

On October 23, Signet…

SIG

Signet Jewelers

$75.84

-0.74 (-0.97%)

ADS

Alliance Data

$224.67

0.32 (0.14%)

03/08/13
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  • 21

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    Dec

ENSV

Enservco

$0.65

0.0196 (3.11%)

07:02
11/21/17
11/21
07:02
11/21/17
07:02
Hot Stocks
Enservco enters into agreement with bank »

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DSW

DSW

$22.53

0.38 (1.72%)

07:02
11/21/17
11/21
07:02
11/21/17
07:02
Earnings
DSW sees FY17 adjusted EPS $1.40-$1.45, consensus $1.50 »

FY17 outlook reflects…

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  • 21

    Nov

DSW

DSW

$22.53

0.38 (1.72%)

07:00
11/21/17
11/21
07:00
11/21/17
07:00
Earnings
DSW reports Q3 adjusted EPS 45, consensus 53c »

Reports Q3 revenue…

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  • 21

    Nov

SIG

Signet Jewelers

$75.84

-0.74 (-0.97%)

07:00
11/21/17
11/21
07:00
11/21/17
07:00
Earnings
Signet Jewelers lowers FY18 EPS view to $6.10-$6.50 from $7.16-$7.56 »

Consensus $7.02. Lowers…

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RXDX

Ignyta

$15.75

0.85 (5.70%)

07:00
11/21/17
11/21
07:00
11/21/17
07:00
Initiation
Ignyta initiated  »

Ignyta initiated with a…

03/08/13
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03/06/13
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03/06/13
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  • 28

    Nov

LSI

Life Storage

$87.95

-0.73 (-0.82%)

07:00
11/21/17
11/21
07:00
11/21/17
07:00
Upgrade
Life Storage rating change  »

Life Storage upgraded to…

03/08/13
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03/08/13
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03/06/13
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SC

Santander Consumer

$17.07

0.75 (4.60%)

06:59
11/21/17
11/21
06:59
11/21/17
06:59
Recommendations
Santander Consumer analyst commentary  »

Santander Consumer added…

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SPX

S&P 500

06:59
11/21/17
11/21
06:59
11/21/17
06:59
Technical Analysis
S&P 500: Pivot points »

The following are the…

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IRIX

IRIDEX

$7.63

-0.09 (-1.17%)

06:59
11/21/17
11/21
06:59
11/21/17
06:59
Conference/Events
IRIDEX management to meet with Roth Capital »

Meetings to be held in…

03/08/13
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  • 28

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SIG

Signet Jewelers

$75.84

-0.74 (-0.97%)

06:58
11/21/17
11/21
06:58
11/21/17
06:58
Earnings
Signet Jewelers now sees FY18 EPS $6.10-$6.50, consensus $7.02 »

Signet CEO Virginia…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

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    Dec

GDX

Market Vector Gold Miners

$22.54

-0.25 (-1.10%)

06:58
11/21/17
11/21
06:58
11/21/17
06:58
Technical Analysis
Market Vector Gold Miners: Pivot points »

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GLD

SPDR Gold Trust

$121.31

-1.55 (-1.26%)

06:58
11/21/17
11/21
06:58
11/21/17
06:58
Technical Analysis
SPDR Gold Trust: Pivot points »

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NUGT

Direxion Gold Miners Bull

$28.92

-0.88 (-2.95%)

06:57
11/21/17
11/21
06:57
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06:57
Technical Analysis
Direxion Gold Miners Bull: Pivot points »

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SIG

Signet Jewelers

$75.84

-0.74 (-0.97%)

06:57
11/21/17
11/21
06:57
11/21/17
06:57
Earnings
Signet Jewelers reports Q3 EPS with items (20c), consensus 10c »

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  • 21

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    Dec

JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$14.70

-0.82 (-5.28%)

06:57
11/21/17
11/21
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06:57
Technical Analysis
Direxion Daily Jr Gld Mnrs Bull 3X Shrs: Pivot points »

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HZN

Horizon Global

$14.38

0.49 (3.53%)

06:57
11/21/17
11/21
06:57
11/21/17
06:57
Conference/Events
Horizon Global management to meet with Roth Capital »

Meeting to be held in…

03/08/13
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  • 28

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DUST

Direxion Daily Gold Miners Bear 3X ETF

$27.02

0.93 (3.56%)

06:56
11/21/17
11/21
06:56
11/21/17
06:56
Technical Analysis
Direxion Daily Gold Miners Bear 3X ETF: Pivot points »

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HK

Halcon Resources

$7.12

0.08 (1.14%)

06:56
11/21/17
11/21
06:56
11/21/17
06:56
Conference/Events
Halcon Resources management to meet with Imperial Capital »

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  • 28

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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$65.13

3.43 (5.56%)

06:56
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Technical Analysis
Direxion Daily Junior Gold Miners Index Bear 3x Shares: Pivot points »

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MBIN

Merchants Bancorp

$17.68

0.05 (0.28%)

06:55
11/21/17
11/21
06:55
11/21/17
06:55
Initiation
Merchants Bancorp initiated  »

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MBIN

Merchants Bancorp

$17.68

0.05 (0.28%)

06:55
11/21/17
11/21
06:55
11/21/17
06:55
Initiation
Merchants Bancorp initiated  »

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