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IBM

IBM

$140.33

0.63 (0.45%)

, NSRGY

Nestle

$84.49

0.73 (0.87%)

08:37
08/22/17
08/22
08:37
08/22/17
08:37

IBM, food giants partner to track food contamination with blockchain, CNBC says

IBM (IBM) has partnered with global food companies including Nestle (NSRGY), Unilever (UN, UL) and Walmart (WMT) in an effort to cut down food contamination through the use of its blockchain network, CNBC reports, citing the company. The company's distributed ledger technology, which maintains a digital record of transactions, will allow food suppliers to source information about the origin, condition and movement of food in seconds. Reference Link

IBM

IBM

$140.33

0.63 (0.45%)

NSRGY

Nestle

$84.49

0.73 (0.87%)

UN

Unilever; also tag UL

$58.82

0.29 (0.50%)

UL

Unilever; also tag UN

$57.59

0.4 (0.70%)

WMT

Wal-Mart

$79.71

0.4 (0.50%)

  • 16

    Nov

  • 20

    Feb

IBM IBM
$140.33

0.63 (0.45%)

08/04/17
08/04/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Square (SQ) initiated with a Neutral at Wedbush. 2. Avis Budget (CAR) was initiated with an Overweight at JPMorgan while Hertz (HTZ) was initiated with a Neutral at the firm. 3. IBM (IBM) initiated with a Neutral at Wedbush. 4. Amtech Systems (ASYS) initiated with a Buy at Roth Capital. 5. Franklin Financial Network (FSB) initiated with a Market Perform at Hovde Group. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/03/17
WEDB
08/03/17
INITIATION
Target $155
WEDB
Neutral
IBM initiated with a Neutral at Wedbush
Wedbush analyst Moshe Katri initiated IBM with a Neutral and a $155 price target.
07/19/17
STPT
07/19/17
UPGRADE
Target $175
STPT
Buy
Standpoint upgrades IBM to Buy with $175 price target
Standpoint Research analyst Ronnie Moas upgraded IBM to Buy from Hold amid the post-earnings selloff. The analyst has a $175 price target for the shares. IBM in afternoon trading is down 4%, or $6.81, to $147.19.
08/07/17
BERN
08/07/17
NO CHANGE
BERN
IBM Infrastructure Services may not recover in 2H17, says Bernstein
After IBM predicted that the revenue growth of its Infrastructure Services, or IS, business would rebound in 2H17, Bernstein analyst A.M. (Toni) Sacconaghi, Jr says this target won't be "a slam dunk" for the company. He notes that the company's overall services backlog, which he says has historically been a good proxy for IS, is down 4% year-over-year. Additionally, he is worried " about potential financial incentives IBM may have provided to IS customers to extend/re-new existing contracts early." The analyst says the company remains "in a turnaround," and he keeps a Sector Perform rating.
NSRGY Nestle
$84.49

0.73 (0.87%)

06/26/17
JPMS
06/26/17
NO CHANGE
JPMS
JPMorgan sees Kraft, Conagra, Dean rallying on Nestle speculation
JPMorgan analyst Ken Goldman expects Third Point's desire for Nestle (NSRGY) to divest assets to have an impact on shares of U.S. food producers. The analyst expects shares of Kraft Heinz (KHC), Conagra Brands (CAG) and Dean Foods (DF) to rally today on hopes of a potential accretive deal for some of Nestle's assets. The analyst thinks General Mills (GIS) shares may drop slightly on speculation that Nestle sells Cereal Partners Worldwide, which he believes would hinder the company's ability to grow cereal internationally. General Mills has a global partnership with Nestle via Cereal Partners Worldwide. Goldman also thinks Pinnacle Foods (PF) could trade down slightly with Conagra having "another potential dance partner" to do a deal.
06/26/17
JEFF
06/26/17
NO CHANGE
JEFF
Hold
Jefferies advises caution on Nestle amid Third Point rally
Jefferies analyst Martin Deboo recommends caution on Nestle with the shares up 4% on news of Third Point's activist stake. Third Point's targets will be "non-trivial to achieve" and its influence over the company is "relatively dilute," Deboo tells investors in a research note. He believes the valuation is "already anticipating a healthy degree of change." The analyst keeps a Hold rating on Nestle.
08/16/17
PIPR
08/16/17
NO CHANGE
Target $92
PIPR
Neutral
Kraft Heinz could have interest in Nestle divestitures, says Piper Jaffray
Piper Jaffray analyst Michael Lavery expects Kraft Heinz (KHC) to pursue further consolidation, likely in packaged food, and believes potential divestitures from Nestle (NSRGY) could fit the company's criteria well. Such a deal could boost Kraft's international scale and provide synergy savings in its U.S. frozen supply chain, the analyst tells investors in a research note. He maintains a Neutral rating on Kraft Heinz shares with a $92 price target.
06/19/17
FBCO
06/19/17
NO CHANGE
FBCO
Hershey buy of Nestle assets could be type of 'poison pill,' says Credit Suisse
Credit Suisse analyst Robert Moskow analyzed several scenarios after Nestle's (NSRGY) recent announcement of a strategic review of its U.S. confectionery business. Buying Nestle candy would double Mondelez's (MDLZ) U.S. market share to 10%, but Moskow wonders if such a deal could compromise Mondelez' ability to eventually buy Hershey (HSY) at a later date. As for the latter, Hershey would generate "massive" synergies of 9% of sales and the deal could work as a type of "poison pill" to deter a bid from Mondelez or Kraft Heinz (KHC), said Moskow. However, he doesn't think Hershey would want to buy an asset that would dilute its topline growth rate at this point. He added that he sees "little to no chance" of Lindt, the number three in U.S. candy, being interested in Nestle's assets.
UN Unilever; also tag UL
$58.82

0.29 (0.50%)

08/10/17
08/10/17
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. Unilever (UN, UL) downgraded to Underperform from Sector Perform at RBC Capital with analyst James Edwardes Jones citing valuation and his belief that the company may not meet its 2020 targets. 2. Masonite (DOOR) downgraded to Equal Weight from Overweight at Stephens. 3. Synacor (SYNC) downgraded to Hold from Buy at Craig-Hallum with analyst Jason Kreyer saying he is "unequivocally" disappointed that the AT&T (T)portal launch has not yet monetized at a rate anticipated. 4. NetEase (NTES) downgraded to Underperform from Outperform at CLSA. 5. Achillion (ACHN) downgraded to Neutral from Outperform at Baird with analyst Brian Skorney saying the PNH data reported earlier this week was better than expected but he is not convinced that given the drug's therapeutic window, dosing, and impact on LDH that it can be competitive with Soliris. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/10/17
RBCM
08/10/17
DOWNGRADE
RBCM
Underperform
Unilever downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital analyst James Edwardes Jones downgraded Unilever based on valuation and his belief that the company may not meet its 2020 targets. Price target to $42 from $45.
05/17/17
JEFF
05/17/17
NO CHANGE
JEFF
Jefferies sees Unilever as interested if Colgate is for sale
After the New York Post reported that Colgate (CL) may be willing to sell for $100 per share, Jefferies analyst Martin Deboo says he'd expect Unilever (UN, UL) to be an interested party. The analyst notes he's argued for some time that Unilever should create a "New World Order" in Household & Personal Care by acquiring Colgate. Such a deal would support his bullish thesis on Unilever shares.
07/10/17
SUSQ
07/10/17
NO CHANGE
Target $91
SUSQ
Kraft Heinz likely to go hostile in pursuit of Unilever, says Susquehanna
Susquehanna analyst Pablo Zuanic noted that a six-month hiatus required by British takeover law will have passed in the middle of August and he sees the possibility of Kraft Heinz (KHC) coming back with a hostile bid for Unilever (UN) as "more than 75% likely" to happen. A $200B deal could be accretive in the mid-20% range for Kraft shareholders, estimates Zuanic, who cut his price target on Kraft Heinz shares to $91 from $99 to reflect a smaller premium to its peers. He keeps a Neutral rating on the Kraft shares.
UL Unilever; also tag UN
$57.59

0.4 (0.70%)

WMT Wal-Mart
$79.71

0.4 (0.50%)

08/18/17
UBSW
08/18/17
NO CHANGE
Target $84
UBSW
Neutral
Wal-Mart shares fully valued at current levels, says UBS
UBS analyst Michael Lasser said the slight pullback in Wal-Mart shares is more reflective of heightened expectations as opposed to any fundamental change in its long term outlook. He said the company is showing signs of progress in the US with a notable pickup in its grocery section. He also said its ecommerce growth is coming at a considerable cost and he therefore feels the shares are fully valued at current levels. Lasser maintained his Neutral rating and $84 price target on Wal-Mart shares.
08/17/17
BARD
08/17/17
NO CHANGE
Target $85
BARD
Outperform
Wal-Mart posted good quarter with solid comps, says Baird
Baird analyst Peter Benedict says Wal-Mart this morning posted good Q2 results with solid comps that fell generally in-line with consensus expectations. Despite a "somewhat elevated" valuation, the analyst keeps an Outperform rating on the shares due to continued top-line momentum an improving profit profile.
08/11/17
08/11/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wal-Mart (WMT) upgraded to Overweight from Equal Weight at Stephens with analyst Ben Bienvenu saying that the company's multi-year investments have led to a better in-store experience, which he sees continuing to drive momentum. 2. Kohl's (KSS) upgraded to Neutral from Underperform at Credit Suisse. 3. Huntington Bancshares (HBAN) upgraded to Overweight from Neutral at Piper Jaffray with analyst Kevin Barker saying the "disappointing" expense guidance has lowered expectations while Huntington should grow earnings faster than any regional bank peer in fiscal 2018 and fiscal 2019. 4. Axalta Coating (AXTA) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the 16% pullback over the past three weeks has created an investment opportunity. 5. Perrigo (PRGO) upgraded to Neutral from Sell at Goldman Sachs with analyst Jami Rubin saying the quarterly results may mark the beginning of inflection towards stabilization in the Rx business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/11/17
08/11/17
UPGRADE
Target $91

Overweight
Wal-Mart upgraded to Overweight on better in-store experience at Stephens
As previously reported, Stephens analyst Ben Bienvenu upgraded Wal-Mart to Overweight from Equal Weight, stating that the company's multi-year investments have led to a better in-store experience, which he sees continuing to drive momentum. Bienvenu raised his price target on Wal-Mart shares to $91 from $78.

TODAY'S FREE FLY STORIES

BPI

Bridgepoint Education

$8.62

0.375 (4.55%)

12:22
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CAH

Cardinal Health

$55.17

-2.34 (-4.07%)

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Technical Analysis
Technical View: Cardinal Health drops to new 52-week low, levels to watch »

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BBY

Best Buy

$56.61

0.78 (1.40%)

12:17
11/20/17
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Conference/Events
Best Buy management to meet with Jefferies »

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$NSD

NASDAQ Market Internals

12:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

12:16
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11/20
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Technical Analysis
NYSE market internals summary »

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FOSL

Fossil

$7.95

0.33 (4.33%)

12:15
11/20/17
11/20
12:15
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Options
Fossil put volume heavy and directionally bearish »

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KORS

Michael Kors

$56.42

0.13 (0.23%)

12:13
11/20/17
11/20
12:13
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12:13
Conference/Events
Michael Kors management to meet with Jefferies »

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  • 20

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SECO

Seeco Holding

$8.26

0.04 (0.49%)

12:10
11/20/17
11/20
12:10
11/20/17
12:10
Conference/Events
Seeco Holding management to meet with Jefferies »

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  • 20

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MRO

Marathon Oil

$14.63

-0.425 (-2.82%)

12:05
11/20/17
11/20
12:05
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Options
Marathon Oil call volume above normal and directionally bullish »

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  • 28

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CG

Carlyle Group

$21.10

0.05 (0.24%)

12:00
11/20/17
11/20
12:00
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12:00
Hot Stocks
Carlyle Group to acquire BenefitMall, terms not disclosed »

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ABBV

AbbVie

$93.04

-0.57 (-0.61%)

12:00
11/20/17
11/20
12:00
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12:00
Recommendations
AbbVie analyst commentary  »

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NYT

New York Times

$17.68

0.025 (0.14%)

11:58
11/20/17
11/20
11:58
11/20/17
11:58
Hot Stocks
New York Times suspends Glenn Thrush following allegations of sexual misconduct »

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11:55
11/20/17
11/20
11:55
11/20/17
11:55
General news
Treasury's $78 B 3- and 6-month bill sale was a little better than average »

Treasury's $78 B 3-…

CBS

CBS

$56.02

-0.72 (-1.27%)

, DISH

Dish

$50.66

0.16 (0.32%)

11:53
11/20/17
11/20
11:53
11/20/17
11:53
Periodicals
CBS: Dish could black out certain programs if pact not reached, Reuters says »

CBS (CBS) warned that…

CBS

CBS

$56.02

-0.72 (-1.27%)

DISH

Dish

$50.66

0.16 (0.32%)

03/08/13
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CAKE

Cheesecake Factory

$45.44

0.52 (1.16%)

11:50
11/20/17
11/20
11:50
11/20/17
11:50
Options
Cheesecake option volume is 2X daily average as buyers gobble up call options »

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11:50
11/20/17
11/20
11:50
11/20/17
11:50
General news
FX Action: USD-CAD »

FX Action: USD-CAD has…

SPY

SPDR S&P 500 ETF Trust

$258.20

0.34 (0.13%)

, SPX

S&P 500

11:48
11/20/17
11/20
11:48
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11:48
General news
President Trump says U.S. to designate North Korea a state sponsor of terror »

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SPY

SPDR S&P 500 ETF Trust

$258.20

0.34 (0.13%)

SPX

S&P 500

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CAH

Cardinal Health

$55.62

-1.89 (-3.29%)

, AMZN

Amazon.com

$1,129.88

-7.41 (-0.65%)

11:44
11/20/17
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Hot Stocks
Cardinal Health slides as Morgan Stanley says sell on Amazon risk »

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CAH

Cardinal Health

$55.62

-1.89 (-3.29%)

AMZN

Amazon.com

$1,129.88

-7.41 (-0.65%)

PDCO

Patterson Companies

$36.04

-0.03 (-0.08%)

HSIC

Henry Schein

$69.12

-0.39 (-0.56%)

CVS

CVS Health

$70.02

-0.66 (-0.93%)

WBA

Walgreens Boots Alliance

$71.25

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MCK

McKesson

$138.41

-3.72 (-2.62%)

ABC

AmerisourceBergen

$77.22

-1.625 (-2.06%)

TMO

Thermo Fisher

$190.62

0.45 (0.24%)

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TRP

TransCanada

$49.73

0.75 (1.53%)

11:42
11/20/17
11/20
11:42
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11:42
Hot Stocks
Nebraska approves TransCanada's Keystone XL pipeline »

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GE

General Electric

$17.92

-0.29 (-1.59%)

11:40
11/20/17
11/20
11:40
11/20/17
11:40
Options
GE draws a $2.35M call buyer as shares revisit recent lows »

GE draws a $2.35M call…

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11:40
11/20/17
11/20
11:40
11/20/17
11:40
General news
Euro$ interest rate futures trickled lower »

Euro$ interest rate…

CAVM

Cavium

$75.83

-0.47 (-0.62%)

11:33
11/20/17
11/20
11:33
11/20/17
11:33
Downgrade
Cavium rating change  »

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  • 27

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FCAU

Fiat Chrysler

$17.62

0.255 (1.47%)

11:30
11/20/17
11/20
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Options
Higher option volume in Fiat driven by longer-term call buying »

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MU

Micron

$46.16

-0.02 (-0.04%)

11:22
11/20/17
11/20
11:22
11/20/17
11:22
Technical Analysis
Technical View: Micron trades to new 52-week highs »

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XOP

SPDR Oil Exploration and Production Fund

$34.45

-0.55 (-1.57%)

11:20
11/20/17
11/20
11:20
11/20/17
11:20
Options
SPDR Oil Exploration and Production puts active »

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