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CVG

Convergys

$23.39

-0.18 (-0.76%)

16:22
08/08/17
08/08
16:22
08/08/17
16:22

Convergys narrows FY17 adjusted EPS growth view to 1%-3% from (3%)-3%

Consensus for FY17 EPS is $1.85. Widens FY17 constant currency revenue growth view to (-4%)-(-2%) from (3%)-1%, consensus $2.89B. Sees adjusted EBITDA margin 12.6%. Sees adjusted effective tax rate 20%.

  • 09

    Aug

CVG Convergys
$23.39

-0.18 (-0.76%)

03/27/17
SIDC
03/27/17
INITIATION
Target $27
SIDC
Buy
Convergys initiated with a Buy at Sidoti
Sidoti initiated Convergys with a Buy and a $27 price target.
02/15/17
02/15/17
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. Fossil (FOSL) downgraded to Underperform from Market Perform at Wells Fargo, with analyst Ike Boruchow saying Q4 sales missed expectations "despite a much hyped push into wearables" while Q1 trends suggest that reorder activity has been "extremely weak following their holiday sell-in." 2. Under Armour (UA) downgraded to Negative from Neutral at Susquehanna, with analyst Sam Posner arguing that 20% annual revenue growth is "a thing of the past for the foreseeable future." Poser tells investors that commentary by CEO Kevin Plank in the current "polarized political climate" make it "nearly impossible" to effectively build a cool urban lifestyle brand, noting that several stars reacted unfavorably to his comments. 3. Hologic (HOLX) downgraded to Neutral from Buy at BofA/Merrill, with analyst Derik de Bruin saying the Cynosure (CYNO) acquisition enhances growth but at lower margins. The analyst said Cynosure adds new higher growth revenue but margins and cash flows are low relative to Hologic's and will not fully offset dilution from the recent blood screening divestiture. 4. Aircastle (AYR) downgraded to Market Perform from Outperform at Cowen by analyst Helane Becker, who said the company's growth rate is slowing as aircraft acquisition is more competitive. Aircastle was also downgraded at FBR Capital to Market Perform from Outperform. 5. Convergys (CVG) downgraded to Hold from Buy at SunTrust by analyst Frank Atkins, who said top line growth may be limited near-term due to increased uncertainty driving weakness in the demand environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here
02/15/17
RHCO
02/15/17
DOWNGRADE
Target $27
RHCO
Hold
Convergys downgraded to Hold from Buy at SunTrust
SunTrust analyst Frank Atkins downgraded Convergys to Hold and lowered its price target to $27 from $29. The said top line growth may be limited near-term due to increased uncertainty driving weakness in the demand environment. According to BLS data, call center industry hours worked moderated in January, indicating slightly less demand. Atkins also expects heightened wage pressure and could be impacted by a potential border tax given substantial headcount outside the US.

TODAY'S FREE FLY STORIES

GFN

General Finance Corp

$11.85

-0.05 (-0.42%)

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LVS

Las Vegas Sands

$79.70

-0.83 (-1.03%)

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  • 10

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PTC

PTC

$97.72

-0.08 (-0.08%)

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KMI

Kinder Morgan

$17.21

0.04 (0.23%)

12:05
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Kinder Morgan call volume above normal and directionally bullish »

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TMUS

T-Mobile

$60.53

0.16 (0.27%)

, S

Sprint

$5.56

0.01 (0.18%)

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T-Mobile

$60.53

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S

Sprint

$5.56

0.01 (0.18%)

DTEGY

Deutsche Telekom

$0.00

(0.00%)

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FB

Facebook

$195.71

-2.59 (-1.31%)

12:01
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Periodicals
Facebook misses 'deadline' to answer Senator's questions, Bloomberg says »

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  • 19

    Jun

TCI

Transcontinental Realty Inc

$36.00

2.54 (7.59%)

12:00
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SMAR

Smartsheet

$29.00

-3.07 (-9.57%)

12:00
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SYX

Systemax

$35.40

-4 (-10.15%)

12:00
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UTX

United Technologies

$125.30

-2.2 (-1.73%)

, EADSY

Airbus

$0.00

(0.00%)

12:00
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Pratt & Whitney close to fix for part that delayed Airbus jets, Bloomberg says »

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UTX

United Technologies

$125.30

-2.2 (-1.73%)

EADSY

Airbus

$0.00

(0.00%)

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PAGS

PagSeguro Digital

$27.24

-4.92 (-15.30%)

12:00
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  • 22

    Jun

EBR

Centrais Electricas

$3.71

0.21 (6.00%)

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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$10.44

0.795 (8.24%)

12:00
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ProShares Trust Ultra VIX Short Term Futures ETF rises 8.0% »

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COTV

Cotiviti Holdings

$44.02

4.13 (10.35%)

12:00
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06/19
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Cotiviti Holdings rises 10.4% »

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ARRY

Array BioPharma

$17.90

0.4 (2.29%)

11:57
06/19/18
06/19
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11:57
Conference/Events
Array BioPharma to hold a conference call »

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  • 20

    Jun

  • 30

    Jun

  • 30

    Jun

VZ

Verizon

$48.69

1.23 (2.59%)

11:57
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Verizon to cease sharing phone-location data of customers, Reuters reports »

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  • 20

    Jun

USCR

U.S. Concrete

$63.30

-1.1 (-1.71%)

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  • 28

    Jun

  • 29

    Jun

JD

JD.com

$41.57

-2.18 (-4.98%)

11:50
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Continued interest in JD Jun 22nd 45 calls even as shares slide »

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11:50
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General news
Treasury's bill auctions were about average »

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KO

Coca-Cola

$43.57

0.01 (0.02%)

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FOX

21st Century Fox

$44.44

0.09 (0.20%)

, FOXA

21st Century Fox

$44.70

0.145 (0.33%)

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FOX

21st Century Fox

$44.44

0.09 (0.20%)

FOXA

21st Century Fox

$44.70

0.145 (0.33%)

SKYAY

Sky

$0.00

(0.00%)

DIS

Disney

$106.00

-1.05 (-0.98%)

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CEA

China Eastern Airlines

$42.19

-0.49 (-1.15%)

, EADSY

Airbus

$0.00

(0.00%)

11:41
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11:41
Periodicals
China Eastern calls for bids to supply 150 jetliners, Reuters says »

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CEA

China Eastern Airlines

$42.19

-0.49 (-1.15%)

EADSY

Airbus

$0.00

(0.00%)

BA

Boeing

$343.13

-11.66 (-3.29%)

03/08/13
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SRPT

Sarepta

$161.63

56.15 (53.23%)

11:40
06/19/18
06/19
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11:40
Options
Sarepta Therapeutics call buyer hits a home run »

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  • 20

    Jun

11:40
06/19/18
06/19
11:40
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General news
Atlanta Fed's Q2 GDPNow estimate was nudged down to 4.7% »

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ADTN

Adtran

$15.25

-0.25 (-1.61%)

11:38
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