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KORS

Michael Kors

$43.46

6.23 (16.73%)

, RL

Ralph Lauren

$85.00

6.85 (8.77%)

09:55
08/08/17
08/08
09:55
08/08/17
09:55

Early notable gainers among liquid option names on August 8th

Notable gainers among liquid option names this morning include Michael Kors (KORS) $43.61 +6.37, Ralph Lauren (RL) $86.05 +8.00, AES Corp. (AES) $11.62 +0.52, Foot Locker (FL) $50.97 +2.14, and Transdigm (TDG) $292.21 +8.23.

KORS

Michael Kors

$43.46

6.23 (16.73%)

RL

Ralph Lauren

$85.00

6.85 (8.77%)

AES

AES Corp.

$11.35

0.25 (2.25%)

FL

Foot Locker

$50.85

2.01 (4.12%)

TDG

TransDigm

$290.95

6.5575 (2.31%)

  • 08

    Aug

  • 08

    Aug

  • 08

    Aug

  • 08

    Aug

  • 10

    Aug

  • 18

    Aug

KORS Michael Kors
$43.46

6.23 (16.73%)

07/10/17
MKMP
07/10/17
INITIATION
Target $26
MKMP
Sell
Michael Kors initiated with a Sell at MKM Partners
MKM Partners initiated Michael Kors with a Sell and a $26 price target.
06/01/17
ADAM
06/01/17
NO CHANGE
Target $33
ADAM
Hold
Michael Kors guidance underscores broader challenges ahead, says Canaccord
Canaccord analyst Camilo Lyon noted Michael Kors beat Q4 estimates but said its weaker guidance underscores the broader challenges ahead for the company. Lyon said the company is finally taking aggressive course-correcting action to enhance the brand's position along with cost-savings. The analyst said the macro challenges in the U.S. and Europe remain and there is significant execution risk at hand. Lyon maintained his Hold rating and lowered his price target to $33 from $38 on Michael Kors shares.
06/01/17
UBSW
06/01/17
NO CHANGE
Target $55
UBSW
Buy
Michael Kors store closures positive for Coach, says UBS
UBS analyst Michael Binetti noted Michael Kors (KORS) announced plans to start closing stores and it is assumed they will be skewed to North America. The analyst believes Michael Kors has been the number one competitive pressure for Coach (COH) over the past five years so its decision to close stores now relieves the company of its number one headwind. He now believes Coach is well positioned as a market share gainer. Binetti reiterated his Buy rating and $55 price target on Coach shares.
07/31/17
07/31/17
DOWNGRADE
Target $45

Hold
Coach downgraded to Hold from Buy at Jefferies
Jefferies analyst Randal Konik downgraded Coach (COH) to Hold citing valuation. The company's recovery is playing out, "but everyone knows it," Konik tells investors in a research note. The analyst lowered his price target for Coach shares to $45 from $53 and recommends buying shares of Michael Kors (KORS), where he feels the valuation and expectations are lower.
RL Ralph Lauren
$85.00

6.85 (8.77%)

07/18/17
NEED
07/18/17
INITIATION
NEED
Hold
Ralph Lauren initiated with a Hold at Needham
04/20/17
OTRG
04/20/17
DOWNGRADE
OTRG
Negative
Ralph Lauren downgraded to Negative from Mixed at OTR Global
OTR Global downgraded Ralph Lauren to Negative saying checks indicate US outlets were hurt by a downturn in traffic and late winter storms in Q4 and orders for July-September are flat to down year-over-year among woman buyers.
05/25/17
TIGR
05/25/17
INITIATION
TIGR
Neutral
Ralph Lauren initiated with a Neutral at Tigress Financial
Tigress analyst Ivan Feinseth initiated Ralph Lauren with a Neutral saying business performance continues to deteriorate at a rapid pace due to changes in consumer preference and retail industry headwinds.
07/17/17
BUCK
07/17/17
INITIATION
Target $68
BUCK
Neutral
Ralph Lauren assumed with a Neutral at Buckingham
Buckingham analyst Eric Tracy assumed coverage of Ralph Lauren with a Neutral rating and $68 price target.
AES AES Corp.
$11.35

0.25 (2.25%)

02/28/17
RHCO
02/28/17
NO CHANGE
RHCO
AES Corp. weakness overdone, says SunTrust
SunTrust analyst Ali Agha says that the 7% decline in AES' stock "was a significant overreaction to lower than expected 2017 guidance." The analyst says that the guidance miss was caused by one-time factors, and he thinks that the stock's valuation is attractive. Agha says that the shares have reached an attractive entry point, and he keeps a Buy rating on the shares.
01/04/17
RBCM
01/04/17
DOWNGRADE
RBCM
Sector Perform
AES Corp. downgraded on macro headwinds, possible project delays at RBC Capital
As noted earlier, RBC Capital downgraded AES Corp to Sector Perform from Outperform. As reasons for the downgrade, analyst Shelby Tucker cited macro headwinds, including the dollar's strength, and possible project delays identified by the company's management. Target to $12 from $13.
01/04/17
RBCM
01/04/17
DOWNGRADE
RBCM
Sector Perform
AES Corp. downgraded to Sector Perform from Outperform at RBC Capital
11/22/16
11/22/16
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. Kate Spade (KATE) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen saying he continues to believe the company has a healthy distribution footprint but he is cautious on both outlet and tourism pressure, a tepid handbag environment, and the potential for 2017 estimates to be too high. 2. Headwaters (HW) downgraded to Hold from Buy at SunTrust and to Neutral from Buy at DA Davidson. 3. Duke Energy (DUK), Entergy (ETR), AES Corp. (AES), and Portland General Electric (POR) were downgraded to Underperform from Neutral at BofA Merrill Lynch, while the firm downgraded NRG Energy (NRG) and PPL Corp. (PPL) to Neutral from Buy. 4. Canadian Solar (CSIQ) downgraded to Market Perform from Outperform at FBR Capital and to Neutral from Buy at Roth Capital. 5. C.H. Robinson (CHRW) downgraded to Hold from Buy at Stifel with analyst John Larkin citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FL Foot Locker
$50.85

2.01 (4.12%)

08/01/17
FBCO
08/01/17
NO CHANGE
Target $52
FBCO
Neutral
Foot Locker price target lowered to $52 from $66 at Credit Suisse
Credit Suisse analyst Christian Buss lowered his price target for Foot Locker (FL) to $52 from $66 given increasing industry headwinds and following disappointing commentary by peers Finish Line (FINL) and Hibbett Sports (HIBB). The analyst believes the best-in-class execution by Foot Locker may no longer be enough. He reiterates a Neutral rating on Foot Locker's shares.
08/08/17
MSCO
08/08/17
UPGRADE
MSCO
Overweight
Foot Locker upgraded to Overweight from Equal Weight at Morgan Stanley
07/20/17
ADAM
07/20/17
NO CHANGE
ADAM
Investors should be selective in 'tired' athletic category, says Canaccord
Canaccord analyst Camilo Lyon said the athletic retail category is tired due to both the Amazon (AMZN) effect and the deceleration in North America that tipped last year when The Sports Authority and other sporting retailers went bankrupt. The analyst believes apathy about owning retail also weighs on the group, but it is ignoring the cyclical issue. He believes investors should be more selective and lowered his price target on Foot Locker (FL) to $64 from $75, on Dick's (DKS) to $52 from $54 and on Hibbett Sports (HIBB) to $22 from $25.
08/08/17
08/08/17
UPGRADE
Target $65

Overweight
Foot Locker upgraded to Overweight on recent share weakness at Morgan Stanley
As previously reported, Morgan Stanley upgraded Foot Locker (FL) to Overweight from Equal Weight and trimmed its price target to $65 from $70. Analyst Jay Sole believes share weakness related to investor concerns surrounding share loss to Amazon (AMZN) and brands' own websites has created an "excellent" buying opportunity. The analyst said Amazon and Foot Locker target different segments, with less than 5% of Foot Locker's 200 top selling shoes on Amazon, and brands desire the strong, premium mall presence that Foot Locker provides. Sole thinks recent weak comp performance was due to changing fashion trends, February's tax refund shift, and weaker sales in basketball footwear and for the company to surprise the Street by returning to 3%-5% comp growth in upcoming quarters.
TDG TransDigm
$290.95

6.5575 (2.31%)

07/20/17
WOLF
07/20/17
DOWNGRADE
WOLF
Peer Perform
TransDigm downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research downgraded TransDigm to Peer Perform solely due to valuation.
08/03/17
08/03/17
DOWNGRADE
Target $230

Underweight
TransDigm downgraded to Underweight at Stephens
As previously reported, Stephens analyst Drew Lipke downgraded TransDigm to Underweight from Equal Weight, with a $230 price target, as he believes structural changes and competition within the commercial aftermarket will drive returns lower in the years ahead.
08/03/17
JEFF
08/03/17
NO CHANGE
Target $322
JEFF
Buy
TransDigm price target raised to $322 from $283 at Jefferies
Jefferies analyst Sheila Kahyaoglu raised her price target for TransDigm Group to $322 in a research note previewing the company's Q3 results. The analyst forecasts a "solid" quarter for TransDigm's defense business. He thinks aftermarket volumes "may continue to be lumpy" despite "fairly high" expectations for the end markets. The analyst believes profitability will continue to provide upside and keeps a Buy rating on TransDigm.
08/03/17
SPHN
08/03/17
DOWNGRADE
SPHN
Underweight
TransDigm downgraded to Underweight from Equal Weight at Stephens

TODAY'S FREE FLY STORIES

11:34
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MBII

Marrone Bio

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NSC

Norfolk Southern

$185.66

6.38 (3.56%)

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CRON

Cronos Group

$11.52

1.34 (13.16%)

11:25
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Options
Cronos Group call volume above normal and directionally bullish »

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11:25
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General news
Fed Policy Outlook: the next FOMC meeting is a week away »

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FB

Facebook

$160.71

0.11 (0.07%)

, SNAP

Snap

$9.33

0.16 (1.74%)

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FBN Securities Tech/Internet analyst to hold a group luncheon »

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Facebook

$160.71

0.11 (0.07%)

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Snap

$9.33

0.16 (1.74%)

GOOG

Alphabet

$1,170.01

13.63 (1.18%)

GOOGL

Alphabet Class A

$1,174.76

15.43 (1.33%)

TWTR

Twitter

$29.25

0.395 (1.37%)

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PCRX

Pacira

$46.85

0.6 (1.30%)

11:25
09/18/18
09/18
11:25
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11:25
Conference/Events
Pacira management to meet with RBC Capital »

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  • 18

    Sep

ARW

Arrow Electronics

$76.40

-0.11 (-0.14%)

, INTC

Intel

$46.16

0.74 (1.63%)

11:20
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09/18
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Hot Stocks
Arrow Electronics, Intel partner to develop edge-computing standard »

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ARW

Arrow Electronics

$76.40

-0.11 (-0.14%)

INTC

Intel

$46.16

0.74 (1.63%)

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  • 22

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ELTP

Elite Pharmaceuticals

$0.00

(0.00%)

11:18
09/18/18
09/18
11:18
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11:18
Hot Stocks
Elite Pharmaceuticals files ANDA for codeine, acetaminophen combo »

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FB

Facebook

$160.83

0.23 (0.14%)

, DISCA

Discovery

$31.53

-0.48 (-1.50%)

11:17
09/18/18
09/18
11:17
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11:17
Recommendations
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's…

FB

Facebook

$160.83

0.23 (0.14%)

DISCA

Discovery

$31.53

-0.48 (-1.50%)

AMD

AMD

$31.70

-0.74 (-2.28%)

INTC

Intel

$46.20

0.78 (1.72%)

NKE

Nike

$84.83

1.58 (1.90%)

NTNX

Nutanix

$49.67

3.24 (6.98%)

GOOG

Alphabet

$1,167.71

11.33 (0.98%)

GOOGL

Alphabet Class A

$1,172.32

12.99 (1.12%)

03/08/13
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03/08/13
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03/06/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
09/18/18
09/18
11:17
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11:17
Technical Analysis
NASDAQ market internals summary »

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AWK

American Water

$89.27

-0.19 (-0.21%)

11:16
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Hot Stocks
Pennsylvania American Water agrees to acquire Pike County wastewater system »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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09/18
11:16
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Technical Analysis
NYSE market internals summary »

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11:15
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General news
Breaking General news story  »

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BMWYY

BMW

$0.00

(0.00%)

11:13
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09/18
11:13
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11:13
Periodicals
BMW will shut down Oxford plant for month after Brexit date, Bloomberg reports »

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EWZ

MSCI Brazil Index

$32.34

0.23 (0.72%)

11:10
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Options
Brazil ETF ratio call spread may roll short calls to a higher strike »

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11:10
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General news
Treasury Option Action: deep ITM put buying »

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LTS

Ladenburg Thalmann

$2.79

-0.01 (-0.36%)

11:06
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Periodicals
Ladenburg Thalmann mentioned cautiously by Seeking Alpha contributor »

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  • 27

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USB

U.S. Bancorp

$54.15

0.01 (0.02%)

11:05
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Hot Stocks
U.S. Bancorp announces 23% increase in quarterly dividend to 37c per share »

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  • 17

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TLRY

Tilray

$141.50

21.3 (17.72%)

, CRON

Cronos Group

$11.43

1.25 (12.28%)

11:04
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Hot Stocks
Cannabis stocks in focus after Tilray gets DEA approval to import cannabis drug »

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TLRY

Tilray

$141.50

21.3 (17.72%)

CRON

Cronos Group

$11.43

1.25 (12.28%)

KO

Coca-Cola

$46.14

-0.18 (-0.39%)

ACBFF

Aurora Cannabis

$0.00

(0.00%)

CGC

Canopy Growth

$50.36

1.84 (3.79%)

CBIS

Cannabis Science

$0.00

(0.00%)

IIPR

Innovative Industrial Properties

$44.09

1.12 (2.61%)

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P

Pandora

$9.70

0.21 (2.21%)

, SPOT

Spotify

$178.02

3.37 (1.93%)

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Hot Stocks
Appeals court upholds Copyright Royalty Board rate determination »

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P

Pandora

$9.70

0.21 (2.21%)

SPOT

Spotify

$178.02

3.37 (1.93%)

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EDU

New Oriental Education

$67.99

-0.81 (-1.18%)

11:00
09/18/18
09/18
11:00
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11:00
Options
Far upside call buyer in New Oriental Education and Technology Group »

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11:00
09/18/18
09/18
11:00
09/18/18
11:00
General news
FX Action: USD-JPY »

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10:55
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09/18
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Conference/Events
Morgan Stanley healthcare/pharma analysts hold analyst/industry conference call »

Pharmaceuticals Analyst…

WM

Waste Management

$92.35

0.22 (0.24%)

10:55
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09/18
10:55
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10:55
Conference/Events
Waste Management has conference call hosted by UBS »

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  • 18

    Sep

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