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SRPT

Sarepta

$39.10

0.58 (1.51%)

, XLU

Utilities SPDR

$53.95

0.17 (0.32%)

08:45
08/08/17
08/08
08:45
08/08/17
08:45

Largest borrow rate increases among liquid names

Latest data shows the largest indicative borrow rate increases among liquid option names include: Sarepta (SRPT) 0.83% +0.55, Utilities Sector SPDR (XLU) 0.77% +0.13, Restoration Hardware (RH) 39.50% +0.12, SunPower (SPWR) 6.82% +0.02, and iShares Silver Trust (SLV) 0.46% +0.01.

SRPT

Sarepta

$39.10

0.58 (1.51%)

XLU

Utilities SPDR

$53.95

0.17 (0.32%)

RH

RH

$58.60

1.68 (2.95%)

SPWR

SunPower

$9.76

0.51 (5.51%)

SLV

iShares Silver Trust

$15.33

-0.05 (-0.33%)

SRPT Sarepta
$39.10

0.58 (1.51%)

07/25/17
PIPR
07/25/17
NO CHANGE
Target $50
PIPR
Overweight
Sarepta now has $620M of cash, says Piper Jaffray
Piper Jaffray analyst Edward Tenthoff estimates Sarepta Therapeutics has a pro forma cash position of $620M after issuing 7.65M shares at $42.50. The analyst reiterates an Overweight rating on the shares with a $50 price target.
07/24/17
JANY
07/24/17
NO CHANGE
Target $73
JANY
Buy
Sarepta price target raised to $73 from $65 at Janney Capital
Janney Capital analyst Debjit Chattopadhyay raised his fair value estimate on Sarepta to $73 from $65 after noting that the company's Q2 results and revised guidance show that the commercial launch of Exondys 51 is tracking significantly ahead of expectations. The phase 2 data from Golodirsen, which is most likely to come at the WMC meeting in October, could be the next big event for Sarepta, said Chattopadhyay, who keeps a Buy rating on the stock.
07/20/17
NEED
07/20/17
NO CHANGE
Target $75
NEED
Buy
Sarepta guidance still 'too conservative,' says Needham
Needham analyst Chad Messer notes that Sarepta reported Q2 Exondys revenues of $35M, significantly beating Street expectations, and again raised guidance for 2017 from above $95M to $125M-130M, a level he still views as conservative. The analyst now sees Sarepta achieving profitability as early as Q2 of 2018. He reiterates a Buy rating and $75 price target on the shares.
07/20/17
LEER
07/20/17
NO CHANGE
Target $60
LEER
Outperform
Sarepta price target raised to $60 from $52 at Leerink
Leerink analyst Joseph Schwartz raised his price target for Sarepta to $60 from $52 as "strong" Exondys51 sales in Q2 handily beat estimates leading to yet another revised 2017 guidance. The analyst reiterates an Outperform rating on the shares.
XLU Utilities SPDR
$53.95

0.17 (0.32%)

RH RH
$58.60

1.68 (2.95%)

07/18/17
DBAB
07/18/17
NO CHANGE
Target $80
DBAB
Buy
RH price target raised to $80 from $66 at Deutsche Bank
Deutsche Bank analyst Adam Sindler raised his price target for RH to $80 as well as his estimates to reflect less shares outstanding with the completion of the company's $700M buyback. He continues to believe the company deserves a premium multiple and keeps a Buy rating on the name.
07/21/17
07/21/17
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. Johnson & Johnson (JNJ) was downgraded to Sell from Neutral at BTIG and to Underweight from Neutral at Atlantic Equities. 2. Wells Fargo (WFC) downgraded to Sell from Hold at Berenberg with analyst James Chappell saying the bank's competitive advantages have been eroded. 3. RH (RH) downgraded to Hold from Buy at Deutsche Bank with analyst Adam Sindler citing valuation with the stock up 36% over the past month and 15% this week alone. 4. Union Pacific (UNP) downgraded to Hold from Buy at Deutsche Bank with analyst Amit Mehrotra saying moderating volumes as well as risks to industrial production in the second half of the year and beyond will limit share upside over the medium term. 5. Check Point (CHKP) downgraded to Neutral from Overweight at Piper Jaffray with analyst Andrew Nowinski saying with the stock up 27% year-to-date, the valuation has now "reached a peak" given the decelerating billings, product/subscription and free cash flow 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.
07/24/17
SBSH
07/24/17
DOWNGRADE
Target $76
SBSH
Neutral
RH downgraded to Neutral from Buy at Citi
Citi analyst Geoffrey Small downgraded RH to Neutral while raising his price target for the shares to $76 from $63. The analyst sees some risk from the company's debt-financed buybacks and notes the shares are up 52% since April.
07/21/17
DBAB
07/21/17
DOWNGRADE
Target $80
DBAB
Hold
RH downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Adam Sindler downgraded RH to Hold citing valuation with the stock up 36% over the past month and 15% this week alone. In a research note partially titled "Taking a break from the summeR Heat," the analyst keeps his $80 price target for the shares.
SPWR SunPower
$9.76

0.51 (5.51%)

07/25/17
BOFA
07/25/17
NO CHANGE
BOFA
Solar sector may be bottoming, First Solar best positioned, says BofA/Merrill
BofA/Merrill analyst Krish Sankar believes the Solar sector may have bottomed in Q2 2017 with installs falling about 23% compared to Q2 2016 as last year's rush was driven by fears of an ITC expiration. Sankar believes global demand is set to increase 2% in 2017, followed by mid-to-high single digit growth going forward. His top solar pick heading into earnings is First Solar (FSLR), followed by Buy rated Veeco (VECO) in the energy efficiency/LED space. The analyst remains sidelined, until there is clarity on future sponsors, in SunPower (SPWR) and 8Point3 (CAFD).
04/06/17
JANY
04/06/17
DOWNGRADE
Target $13.5
JANY
Neutral
8point3 Energy downgraded on sponsor uncertainty at Janney Capital
As previously reported, Janney Capital analyst Michael Gaugler downgraded 8point3 Energy to Neutral from Buy, stating that the pipelines and financial strength of its sponsors First Solar (FSLR) and SunPower (SPWR) were a primary reason for his positive take on the stock. With First Solar planning to exit there is no clear plan in place and a strategic review could lead down any path, including both sponsors exiting, said Gaugler, who lowered his fair value estimate on 8point3 Energy to $13.50 from $20.
04/17/17
AXIO
04/17/17
INITIATION
Target $18
AXIO
Buy
Canadian Solar rises after Axiom starts with a Buy
Shares of Canadian Solar (CSIQ) are higher in early trading after Axiom analyst Gordon Johnson initiated the stock with a Buy rating and an $18 price target, as previously reported by The Fly. Johnson sees Canadian Solar as having a unique level of "sellable, in-the-money," U.S., Chinese, and Japanese solar assets, leaving it positioned similarly to how First Solar (FSLR) and SunPower (SPWR) were in mid 2012 when those two had the same type of unique positioning relative to solar industry peers. From late June 2012 to the end of 2015, shares of First Solar and SunPower advanced 526% and 338%, respectively, far outpacing the gains of their industry peers, said Johnson, who now sees a similar set-up for Canadian Solar. In early trading, Canadian Solar shares have risen 63c, or about 5%, to $13.35.
04/06/17
BARD
04/06/17
NO CHANGE
Target $16
BARD
Outperform
8point3 Energy price target lowered to $16 from $20 at Baird
Baird analyst Ben Kallo lowered his price target on 8point3 Energy (CAFD) to $16 from $20 following Q1 earnings. Despite beating earnings estimates the shares are likely to be under pressure following the decision by First Solar (FSLR) and SunPower (SPWR) to consider strategic alternatives for their respective interests in the company, said Kallo. Bears will believe the company will not be able to support growth without additional dropdowns, but he feels the current operating portfolio should support growth through 2018. Kallo maintained his Outperform rating on 8point3 Energy shares.
SLV iShares Silver Trust
$15.33

-0.05 (-0.33%)

TODAY'S FREE FLY STORIES

GD

General Dynamics

$195.97

0.17 (0.09%)

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ARQL

ArQule

$5.00

(0.00%)

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Breaking Hot Stocks news story on ArQule »

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HRS

Harris

$149.36

0.07 (0.05%)

, MSI

Motorola Solutions

$115.50

0.98 (0.86%)

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Harris

$149.36

0.07 (0.05%)

MSI

Motorola Solutions

$115.50

0.98 (0.86%)

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  • 18

    Jun

CNS

Cohen & Steers

$42.16

0.32 (0.76%)

17:04
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Cohen & Steers reduces fees for MLP & Energy fund by 0.2pts to 0.8% »

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IIPR

Innovative Industrial Properties

$34.96

-0.78 (-2.18%)

17:03
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06/18
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17:03
Syndicate
Breaking Syndicate news story on Innovative Industrial Properties »

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CDTI

CDTi

$0.68

0.016 (2.42%)

17:02
06/18/18
06/18
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17:02
Syndicate
CDTi to commence rights offering to raise approximately $3.4M »

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BSM

Black Stone Minerals

$18.20

0.1 (0.55%)

17:02
06/18/18
06/18
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17:02
Hot Stocks
Black Stone Minerals names Jeff Wood president »

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TROV

Trovagene

$0.83

0.0165 (2.04%)

16:55
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Breaking Hot Stocks news story on Trovagene »

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EVH

Evolent Health

$23.30

0.05 (0.22%)

16:52
06/18/18
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Recommendations
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RYTM

Rhythm Pharmaceuticals

$28.81

-3.8 (-11.65%)

16:50
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Syndicate
Breaking Syndicate news story on Rhythm Pharmaceuticals »

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  • 25

    Jun

CC

Chemours

$48.62

-0.84 (-1.70%)

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Chemours announces global price increase of up to 15% for all grades of Vazo »

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ACAD

Acadia

$15.82

0.05 (0.32%)

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Breaking Hot Stocks news story on Acadia »

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  • 25

    Jun

TAX

Liberty Tax

$8.40

-0.4 (-4.55%)

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Liberty Tax receives noncompliance letter from Nasdaq »

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CNK

Cinemark

$36.17

0.37 (1.03%)

, AMC

AMC Entertainment

$16.00

0.4 (2.56%)

16:38
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Hot Stocks
Cinemark and Cineworld acquire remaining stake in NationalCineMedia for $156.8M »

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CNK

Cinemark

$36.17

0.37 (1.03%)

AMC

AMC Entertainment

$16.00

0.4 (2.56%)

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DLX

Deluxe

$68.36

0.59 (0.87%)

16:38
06/18/18
06/18
16:38
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16:38
Earnings
Deluxe backs FY18 adjusted EPS view $5.60-$5.80, consensus $5.71 »

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DLX

Deluxe

$68.36

0.59 (0.87%)

16:37
06/18/18
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Earnings
Deluxe backs Q2 adjusted EPS view $1.29-$1.35, consensus $1.31 »

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DLX

Deluxe

$68.36

0.59 (0.87%)

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OBSV

ObsEva

$17.21

2.68 (18.44%)

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Syndicate
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  • 18

    Jun

TAX

Liberty Tax

$8.40

-0.4 (-4.55%)

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SLGL

Sol-Gel Technologies

$8.50

(0.00%)

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Sol-Gel Technologies initiates phase 3 program for Papulopustular Rosacea »

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  • 20

    Jun

OMP

Oasis Midstream Partners

$17.59

0.3 (1.74%)

16:33
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Oasis Midstream Partners signs multiple 3rd party agreements in Williston Basin »

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  • 18

    Jun

CL

Colgate-Palmolive

$63.30

-1.43 (-2.21%)

16:32
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Hot Stocks
Colgate-Palmolive announces $5B share repurchase program »

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R

Ryder

$73.69

0.49 (0.67%)

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Ryder acquires Metro Truck & Tractor Leasing, terms not stated »

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CL

Colgate-Palmolive

$63.30

-1.43 (-2.21%)

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Breaking Hot Stocks news story on Colgate-Palmolive »

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16:30
06/18/18
06/18
16:30
06/18/18
16:30
Options
Preliminary option volume of 17.3M today »

Preliminary option volume…

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