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ON

ON Semiconductor

$16.99

-0.13 (-0.76%)

, JWN

Nordstrom

$47.49

2.439 (5.41%)

10:28
09/13/17
09/13
10:28
09/13/17
10:28

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. ON Semiconductor (ON) downgraded to Neutral from Buy at Goldman Sachs with analyst Mark Delaney citing the stock's relative outperformance and lack of catalysts over the next year. 2. Nordstrom (JWN) downgraded to Hold from Accumulate at Gordon Haskett. 3. Mallinckrodt (MNK) downgraded to Neutral from Buy at Mizuho with analyst Irina Koffler saying Mallinckrodt consists of a gradually declining generics portfolio, and a "basket" of branded assets that face some degree of competition and downside risks. 4. Whiting Petroleum (WLL) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Drew Venker citing weak risk-reward relative to peers. 5. GasLog (GLOG) downgraded to Hold from Buy at DNB Markets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ON

ON Semiconductor

$16.99

-0.13 (-0.76%)

JWN

Nordstrom

$47.49

2.439 (5.41%)

MNK

Mallinckrodt

$34.98

-1.475 (-4.05%)

WLL

Whiting Petroleum

$4.61

0.17 (3.83%)

GLOG

GasLog

  • 02

    Oct

ON ON Semiconductor
$16.99

-0.13 (-0.76%)

09/13/17
RSBL
09/13/17
NO CHANGE
RSBL
Power Integrations may have lost fast charging design win, says Rosenblatt
Rosenblatt's checks indicate Power Integrations' (POWI) Inno-Switch 3 is having package cracking issues, which may result in Apple's (AAPL) cancellation of the November order, and the likely resumption of ON Semiconductor's March quarter order.
08/07/17
08/07/17
UPGRADE

Strong Buy
Follow-up: ON Semiconductor upgraded to Strong Buy at Needham
As previously reported, Needham upgraded ON Semiconductor to Strong Buy from Buy and raised its price target to $25 from $20. Analyst Rajvindra Gill said ON Semiconductor reported a strong quarter with demand across all segments and solid guidance. The analyst said the company is executing on its Fairchild integration, seeing strong wins within Auto and Industrial end markets, and closing lower margin businesses. Further, Gill expects On to begin to de-lever rapidly, utilizing the majority of its free cash flow to pay down debt and drive earnings.
09/12/17
GSCO
09/12/17
DOWNGRADE
GSCO
Neutral
ON Semiconductor downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Mark Delaney downgraded ON Semiconductor to Neutral citing the stock's relative outperformance and lack of catalysts over the next year. The shares are now trading within 5% of the analyst's unchanged price target of $18.
09/12/17
GSCO
09/12/17
UPGRADE
Target $40
GSCO
Buy
Micron upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Mark Delaney upgraded Micron Technology (MU) to Buy post today's close and raised his price target for the shares to $40 from $33. The chipmaker closed the trading day up 85c to $34.29. DRAM pricing could rise in Q4 and the cycle could remain tight in 2018, Delaney tells investors in a research note. He believes upside to consensus earnings estimates and the stock's "discount" multiple could drive 20% share appreciation. Delaney after the close also downgraded ON Semiconductor (ON) to Neutral.
JWN Nordstrom
$47.49

2.439 (5.41%)

07/14/17
JPMS
07/14/17
NO CHANGE
JPMS
Underweight
JPMorgan keeps Underweight on Nordstrom after management meetings
JPMorgan analyst Matthew Boss keeps an Underweight rating on Nordstrom (JWN) after meeting management at the company's headquarters. Management would not comment on their evaluation of strategic alternatives and the meeting was reshuffled to exclude members of the Nordstrom family while incoming CFO Anne Bramman attended but did not actively participate, Boss tells investors in a research note. The analyst views the company's EBITDA roadmap as "increasingly uncertain" with a greater emphasis on fashion to differentiate mix versus Amazon.com (AMZN) and rising costs of customer acquisition. He believes the retailer's fundamental multi-year risk profile is elevated.
06/21/17
GDHS
06/21/17
NO CHANGE
GDHS
Nike-Amazon pact yet another department store headwind, says Gordon Haskett
Gordon Haskett analyst noted the reports of Nike (NKE) nearing a deal to sell directly on Amazon (AMZN), which he said wouldn't impact trends overnight but would represent another headwind for department stores, particularly J.C. Penney (JCP) and Kohl's (KSS), where the brand has a larger penetration than at Macy's (M) and Nordstrom (JWN). He keeps an Accumulate rating on Nordstrom, a Hold rating on Macy's and Reduce rating on both J.C. Penney and Kohl's.
06/14/17
CLVD
06/14/17
NO CHANGE
CLVD
Nordstrom Q2 comps likely trending below consensus at Cleveland Research
09/13/17
GDHS
09/13/17
DOWNGRADE
GDHS
Hold
Nordstrom downgraded to Hold from Accumulate at Gordon Haskett
MNK Mallinckrodt
$34.98

-1.475 (-4.05%)

09/13/17
MZHO
09/13/17
DOWNGRADE
MZHO
Neutral
Mallinckrodt downgraded to Neutral from Buy at Mizuho
09/13/17
MZHO
09/13/17
DOWNGRADE
Target $40
MZHO
Neutral
Mallinckrodt downgraded to Neutral on competitive headwinds at Mizuho
As previously reported, Mizuho downgraded Mallinckrodt (MNK) to Neutral from Buy and slashed its price target to $40 from $70. Following the unexpectedly negative Inomax District Court decision. Analyst Irina Koffler said Mallinckrodt consists of a gradually declining generics portfolio, and a "basket" of branded assets that face some degree of competition and downside risks. Koffler lowered his Inomax forecast to reflect a second market entrant and sees risk to Arthar from any positive progress by competitor ANI Pharmaceuticals (ANIP).
09/06/17
09/06/17
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. HP Enterprise (HPE) downgraded to Underperform from Neutral at BofA/Merrill with analyst Wamsi Mohan citing fiscal 2018 headwinds that include increased investment, a competitive pricing environment, and higher commodity costs. 2. Marathon Petroleum (MPC) downgraded to Market Perform from Outperform at Wells Fargo with analyst Roger Read saying he now expects the incentive distribution rights buyout may be at the lower end of the prior 15-20 times range. 3. Verifone (PAY) downgraded to Neutral from Buy at Northcoast with analyst Keith Housum saying he has reduced confidence in the company's ability to grow revenues and increase profitability given the delay in reaching the point of sale market with its new Carbon and Engage platform compared to initial expectations. 4. Mallinckrodt (MNK) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger saying he believes yesterday's unfavorable district court ruling in Mallinckrodt's suit against Praxair (PX) has increased the risk of an Inomax generic potentially as soon as October 2018, compared to his prior expectation of 2031. 5. BHP Billiton (BHP) downgraded to Underperform from Neutral at Exane BNP Paribas. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/17
ADAM
09/06/17
NO CHANGE
Target $77
ADAM
Buy
Mallinckrodt Inomax concerns overblown, says Canaccord
Canaccord analyst Dewey Steadman said Mallincrodt's (MNK) selloff following the disappointing litigation result was overblown. He said Inomax represents one of the company's more durable franchises and doesn't see an imminent Praxair (PX) launch. He also believes if Praxair was to launch its competitor drug, he believes the two companies can share the market. Steadman added that Mallinckrodt's valuation is now attractively low and reiterated his Buy rating and $77 price target on the shares.
WLL Whiting Petroleum
$4.61

0.17 (3.83%)

09/05/17
TUDR
09/05/17
DOWNGRADE
TUDR
Sell
Whiting Petroleum downgraded to Sell from Hold at Tudor Pickering
09/12/17
MSCO
09/12/17
DOWNGRADE
MSCO
Underweight
Whiting Petroleum downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Drew Venker downgraded Whiting Petroleum to Underweight from Equal Weight and reduced his price target to $3.50 from $5, citing weak risk-reward relative to peers.
06/21/17
GHSC
06/21/17
DOWNGRADE
Target $4
GHSC
Sell
Whiting Petroleum downgraded to Sell from Neutral at Seaport Global
Seaport Global analyst Mike Kelly downgraded Whiting Petroleum to Sell from Neutral and slashed its price target to $4 from $10 to reflect a new commodity price deck. Seaport Global's Energy team reduced its long-term oil forecast to $40/bbl from $50/bbl to reflect "relentless" US production growth. The firm sees the potential for the oil market to be "significantly over supplied in 2018 and cut its oil price forecast for first half 2017 to $45/bbl from $55/bbl and first half 2018 to $35/bbl from $55/bbl.
07/19/17
BOFA
07/19/17
INITIATION
Target $6
BOFA
Underperform
Whiting Petroleum reinstated with an Underperform at BofA/Merrill
BofA/Merrill analyst Asit Sen reinstated Whiting Petroleum with an Underperform and a $6 price target.
GLOG GasLog

06/13/17
06/13/17
UPGRADE
Target $17

Overweight
GasLog upgraded to Overweight on improved liquidity position at Morgan Stanley
As previously reported, Morgan Stanley upgraded GasLog to Overweight from Equal Weight and raised its price target to $17 from $16.50. Analyst Fotis Giannakoulis said the balance sheet has been significantly strengthened following recent enhancements, removing uncertainty regarding its liquidity position. The analyst said shares are pricing in near-term weakness and have limited downside and expects GasLog to benefit from tightening in the LNG shipping market.
06/13/17
MSCO
06/13/17
UPGRADE
MSCO
Overweight
GasLog upgraded to Overweight from Equal Weight at Morgan Stanley
09/13/17
DNBM
09/13/17
DOWNGRADE
DNBM
Hold
GasLog downgraded to Hold from Buy at DNB Markets
04/25/17
04/25/17
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. Sony (SNE) initiated with an Outperform at Bernstein. 2. Rockwell Collins (COL) reinstated with a Sell at Goldman Sachs. 3. Idera Pharmaceuticals (IDRA) initiated with an Outperform at Baird. 4. GasLog (GLOG) initiated with an Outperform at Credit Suisse. 5. Fitbit (FIT) initiated with a Buy at Benchmark. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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Barclays

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WIT

Wipro

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PANW

Palo Alto Networks

$157.22

-0.6 (-0.38%)

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DIS

Disney

$110.59

0.17 (0.15%)

06:40
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SPX

S&P 500

06:39
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HOG

Harley-Davidson

$53.00

0.66 (1.26%)

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  • 30

    Jan

CRZO

Carrizo Oil & Gas

$22.62

-0.21 (-0.92%)

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AEP

American Electric

$67.76

-0.04 (-0.06%)

06:37
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PEG

PSEG

$49.80

0.06 (0.12%)

06:37
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GDX

Market Vector Gold Miners

$23.65

0.04 (0.17%)

06:36
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GE

General Electric

$16.26

-0.51 (-3.04%)

06:35
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General Electric rating change  »

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  • 24

    Jan

GLD

SPDR Gold Trust

$126.42

0.56 (0.44%)

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GOOG

Alphabet

$1,137.51

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Alphabet Class A

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7.53 (0.66%)

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CELG

Celgene

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MTDR

Matador

$31.66

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$22.49

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NUGT

Direxion Gold Miners Bull

$32.84

0.05 (0.15%)

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CDXC

ChromaDex

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VC

Visteon

$131.85

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$17.93

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CELG

Celgene

$102.65

0.93 (0.91%)

, JUNO

Juno Therapeutics

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