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AMZN

Amazon.com

$982.58

4.62 (0.47%)

, SQ

Square

$27.30

0.03 (0.11%)

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

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN) initiated with a Buy at Loop Capital. 2. Square (SQ) initiated with an Overweight at Cantor. 3. Molson Coors (TAP) initiated with a Sell at Berenberg. 4. Build-A-Bear (BBW) initiated with a Buy at Jefferies. 5. Regis (RGS) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

AMZN

Amazon.com

$982.58

4.62 (0.47%)

SQ

Square

$27.30

0.03 (0.11%)

TAP

Molson Coors

$88.86

-0.845 (-0.94%)

BBW

Build-A-Bear

$9.00

0.15 (1.69%)

RGS

Regis

$13.43

0.66 (5.17%)

  • 21

    Sep

  • 25

    Sep

  • 26

    Sep

AMZN Amazon.com
$982.58

4.62 (0.47%)

09/12/17
LOOP
09/12/17
INITIATION
Target $1200
LOOP
Buy
Amazon.com initiated with a Buy at Loop Capital
Loop Capital analyst Anthony Chukumba started Amazon.com with a Buy rating and $1,200 price target, saying he sees the company's e-commerce and cloud computing platforms yielding "many years" of robust growth.
09/11/17
WELS
09/11/17
NO CHANGE
WELS
Consumer survey shows most individuals shop on Amazon, says Wells Fargo
Wells Fargo analyst Ike Boruchow notes that ComScore online traffic data showed that 62% of all U.S. internet users visited Amazon.com during Q2, but the percentage of U.S. web users that visited Amazon declined 100bps. Nonetheless, the analyst says that per-visit and per-visitor metrics appear to be accelerating, meaning that even if the number of Amazon users is stabilizing, Amazon appears to be taking a greater share of time and wallet for each customer. His quarterly Amazon consumer survey shows that most individuals shop on Amazon, but that it still accounts for a somewhat small portion of total purchases. Lastly, Boruchow also argued that wholesalers seem to be generally aiming to take part in the web giant's growth, particularly as Amazon has made fashion/apparel more of a focus.
09/13/17
STFL
09/13/17
NO CHANGE
STFL
Online trend continues as risk in dental consumables, says Stifel
Stifel analyst Jonathan Block said his survey of 106 dental practices showed that online vendors are gaining traction, and this trend is expected to continue. 39% of respondents currently use an online vendor such as Amazon (AMZN) for 21% of their dental consumables and traction among current users is expected to climb higher while additional practices plan to start using an online vendor, noted Block, who views this trend as a long-term headwind for Patterson Companies (PDCO) and Henry Schein (HSIC). In the Dental space, he keeps a Buy rating on Dentsply Sirona (XRAY), a Hold on Henry Schein, and a Sell on Patterson.
09/12/17
MSCO
09/12/17
NO CHANGE
MSCO
Augmented Reality the next 'killer app' to power Apple, says Morgan Stanley
A team of Morgan Stanley analysts including Katy Huberty, Brian Nowak and Grace Chen, among others, state in a new note to investors that they view Augmented Reality, or AR, as a revolutionary trend that can be "the next killer app" to extend the life of the smartphone market and accelerate device upgrades, led by Apple's (AAPL) iPhone. The analysts, who compare the impact of AR to the launch of Apple's App Store nearly a decade ago, add that they "don't expect the Android ecosystem to stand still in response." Huberty and the team raised the firm's "bull case" valuation of Apple, which they see taking the lead in AR, to $253 from $203. While they see Apple as "the clear leader" in AR, Google (GOOG) and Tencent (TCEHY) are also well-positioned and "interesting use cases" in e-commerce could benefit Alibaba (BABA) and Amazon (AMZN), they add.
SQ Square
$27.30

0.03 (0.11%)

09/13/17
CANT
09/13/17
INITIATION
Target $31
CANT
Overweight
Cantor starts Square with Overweight rating, $31 price target
Cantor Fitzgerald analyst Joseph Foresi last night initiated shares of Square with an Overweight rating and $31 price target. The analyst sees the company's increasing market penetration, end-user growth and improving margin profile driving multiple expansion. He notes the shares trade at a discount to PayPal (PYPL) and the group.
09/12/17
CANT
09/12/17
INITIATION
Target $31
CANT
Overweight
Square initiated with an Overweight at Cantor
Cantor initiated Square with an Overweight and a $31 price target.
09/12/17
BOFA
09/12/17
INITIATION
Target $28
BOFA
Neutral
Square initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Jason Kupferberg initiated Square with a Neutral and a $28 price target saying fundamentals are "strong" but shares are "pricey."
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.
TAP Molson Coors
$88.86

-0.845 (-0.94%)

09/13/17
BREN
09/13/17
INITIATION
Target $78
BREN
Sell
Molson Coors initiated with a Sell in structural headwinds at Berenberg
As previously reported, Berenberg analyst Javier Gonzalez Lastra initiated Molson Coors with a Sell and a $78 price target due to mainstream beer segment exposure. The analyst believes Molson Coors is facing intensifying structural headwinds in its core US and Canada markets as millennial consumers drink less beer than previous generations, and when they do, increasingly favor craft, Baby Boomers continue to shift consumption to wine, and Generation Z is showing little interest in alcohol.
09/13/17
BREN
09/13/17
INITIATION
Target $78
BREN
Sell
Molson Coors initiated with a Sell at Berenberg
Berenberg analyst Javier Gonzalez Lastra initiated Molson Coors with a Sell and a $78 price target.
05/04/17
FBCO
05/04/17
NO CHANGE
Target $95
FBCO
Neutral
Molson Coors price target lowered to $95 from $106 at Credit Suisse
Credit Suisse analyst Credit Suisse lowered his price target for Molson Coors to $95 from $106 after Q1 results disappointed investors as sales were broadly in line but EBITDA declined nearly 4% due to an unexpected spike in MG&A costs that management said was attributed to "investing ahead of the curve." The analyst reiterates a Neutral rating on the shares.
05/04/17
05/04/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Garmin (GRMN) downgraded to Underweight from Neutral at JPMorgan with analyst Paul Coster citing valuation and less likelihood for upside surprises throughout the remainder of 2017 due to tough comparisons. The analyst lowered his price target for the shares to $50 from $55. 2. Square (SQ) downgraded to Neutral from Buy at Guggenheim with the firm citing valuation and maintained a $20 price target on shares. 3. Tractor Supply (TSCO) downgraded to Perform from Outperform at Oppenheimer with analyst Brian Nagel citing concerns about the company's "modest" earnings growth could drive multiple contraction. The analyst thinks a guidance cut is likely when Tractor reports second quarter results in July. 4. Molson Coors (TAP) downgraded to Hold from Buy at Societe Generale with analyst Andrew Holland saying investments will impact margins. 5. MEDNAX (MD) downgraded two notches to Underperform from Buy at BofA/Merrill with the firm's analyst citing concerns cost pressures and worsening top line trends. The analyst lowered its price target to $57 from $75. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BBW Build-A-Bear
$9.00

0.15 (1.69%)

02/17/17
CHLM
02/17/17
NO CHANGE
Target $15
CHLM
Buy
Build-A-Bear price target lowered to $15 from $24 at Craig-Hallum
Craig-Hallum analyst Alex Fuhrman lowered his price target for Build-A-Bear to $15 from $24 after the company reported Q4 results below expectations on abrupt December traffic decline and poor marketing execution. The analyst reiterates a Buy rating on the shares.
09/13/17
JEFF
09/13/17
INITIATION
Target $12
JEFF
Buy
Build-A-Bear initiated with a Buy at Jefferies
Jefferies analyst Stephanie Wissink started Build-A-Bear Workshop with a Buy rating and $12 price target. Success in rationalizing real estate and realizing value from intellectual property should close the valuation gap to peers, the analyst contends.
02/17/17
PIPR
02/17/17
DOWNGRADE
Target $10.5
PIPR
Neutral
Build-A-Bear downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Stephanie Wissink downgraded Build-A-Bear Workshop to Neutral and lowered her price target for the shares to $10.50 from $18 citing the company's "disappointing" Q4 results. The analyst feels a Neutral rating is appropriate given the redirection of entertainment spending, weekly volatility and overall declines in mall traffic.
RGS Regis
$13.43

0.66 (5.17%)

11/25/16
PIPR
11/25/16
NO CHANGE
PIPR
Piper thinks blocking of Overtime Rule came too late
An Obama-appointed judge in Texas surprisingly blocked the Overtime Rule set to take effect on December 1, Piper Jaffray analysts in the Hardlines Retail & Specialty Products space tell investors in a research note. The analysts say that regardless of whether the injunction is upheld, their research suggests that the ruling comes too late for larger companies to pull back on the planned Overtime Rule change. Payroll and IT systems are likely set to adjust this coming Sunday, they point out. Piper's analysts expect the expense headwinds from the OT rule change for retailers/restaurants to remain in place. The retailers they believe that are most impacted from the rule are Dollar General (DG), Dollar Tree (DLTR), Regis (RGS) and Sally Beauty (SBH). The restaurants they believe are most impacted are Bojangles (BOJA), Starbucks (SBUX), Sonic (SONC), Noodles & Company (NDLS), Potbelly (PBPB), Del Taco (TACO) and Zoe's Kitchen (ZOES).
09/13/17
JEFF
09/13/17
INITIATION
Target $15
JEFF
Buy
Regis initiated with a Buy at Jefferies
Jefferies analyst Stephanie Wissink started Regis Corporation with a Buy rating and $15 price target. The analyst views the company's shift towards a more heavily weighted franchise model as intriguing.

TODAY'S FREE FLY STORIES

SNPS

Synopsys

$90.29

1.05 (1.18%)

21:14
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AMZN

Amazon.com

$1,601.77

19.67 (1.24%)

21:04
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SRRK

Scholar Rock

$0.00

(0.00%)

21:01
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Scholar Rock 5.36M share IPO priced at $14.00 »

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KNSA

Kiniksa

$0.00

(0.00%)

21:00
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Kiniksa 8.5M share IPO priced at $18.00 »

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GSKY

GreenSky

$0.00

(0.00%)

20:58
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GreenSky 38M share IPO priced at $23.00 »

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  • 24

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SAIL

SailPoint

$23.30

1.29 (5.86%)

20:56
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SailPoint 17.808M share Secondary priced at $22.50 »

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  • 24

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CLPS

CLPS

$0.00

(0.00%)

20:55
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Syndicate
CLPS 2M share IPO priced at $5.25 »

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  • 24

    May

MDT

Medtronic

$85.29

0.305 (0.36%)

, MCK

McKesson

$146.84

0.39 (0.27%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MDT

Medtronic

$85.29

0.305 (0.36%)

MCK

McKesson

$146.84

0.39 (0.27%)

BBY

Best Buy

$75.73

0.255 (0.34%)

HRL

Hormel Foods

$35.82

-0.01 (-0.03%)

TTC

Toro Company

$60.32

-0.08 (-0.13%)

SAFM

Sanderson Farms

$107.13

1.19 (1.12%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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BPOP

Popular

$46.94

-0.31 (-0.66%)

20:07
05/23/18
05/23
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20:07
Hot Stocks
Popular announces early termination of FDIC shared-loss agreements »

Popular, Inc announced…

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WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

20:04
05/23/18
05/23
20:04
05/23/18
20:04
Recommendations
Williams-Sonoma analyst commentary at Loop Capital »

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03/08/13
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03/06/13
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03/06/13
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  • 23

    May

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

, SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

19:59
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05/23
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19:59
Periodicals
Breaking Periodicals news story on iShares MSCI South Korea Index Fund, SPDR S&P 500 ETF Trust, S&P 500 »

N Korea foreign ministry…

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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CVX

Chevron

$128.70

0.465 (0.36%)

19:39
05/23/18
05/23
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19:39
Hot Stocks
Canadian court affirms dismissal of suit against Chevron subsidiary »

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EA

Electronic Arts

$133.49

1.31 (0.99%)

19:19
05/23/18
05/23
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19:19
Hot Stocks
Electronic Arts CTO sells 10,000 common shares »

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CCL

Carnival

$64.67

-0.39 (-0.60%)

19:14
05/23/18
05/23
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Periodicals
Carnival CEO expects China to become the largest cruise market, CNBC says »

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  • 30

    May

PBR

Petrobras

$15.10

-0.6 (-3.82%)

19:11
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Periodicals
Petrobras slashes diesel price 10% to resolve trucker protest, Reuters says »

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SRPT

Sarepta

$88.94

-0.24 (-0.27%)

19:05
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Hot Stocks
Sarepta granted orphan status for DMD treatment golodirsen »

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  • 20

    Jun

BZLFF

Bunzl

$0.00

(0.00%)

19:03
05/23/18
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19:03
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19:03
Downgrade
Bunzl rating change at Goldman Sachs »

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WUBA

58.com

$84.56

1.39 (1.67%)

19:02
05/23/18
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Earnings
Breaking Earnings news story on 58.com »

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  • 24

    May

  • 10

    Sep

WUBA

58.com

$84.56

1.39 (1.67%)

19:01
05/23/18
05/23
19:01
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19:01
Earnings
58.com reports Q1 adjusted earnings per ADS 33c, consensus 21c »

Reports Q1 revenue $393M,…

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  • 24

    May

  • 10

    Sep

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

, LASR

nLight

$30.00

-1.79 (-5.63%)

18:58
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

LASR

nLight

$30.00

-1.79 (-5.63%)

SNPS

Synopsys

$90.29

1.05 (1.18%)

LB

L Brands

$34.05

0.06 (0.18%)

NTAP

NetApp

$66.61

-0.41 (-0.61%)

DGLY

Digital Ally

$2.55

-0.075 (-2.86%)

FCAU

Fiat Chrysler

$22.47

-0.155 (-0.69%)

TM

Toyota

$134.85

-0.89 (-0.66%)

03/08/13
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  • 23

    May

  • 23

    May

  • 23

    May

  • 23

    May

  • 24

    May

  • 11

    Jun

  • 12

    Jun

  • 10

    Jul

CPRT

Copart

$52.93

-0.06 (-0.11%)

18:54
05/23/18
05/23
18:54
05/23/18
18:54
Earnings
Copart reports Q3 adjusted EPS 52c, consensus 50c »

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  • 24

    May

AAPL

Apple

$188.36

1.08 (0.58%)

, VLKAY

Volkswagen

$0.00

(0.00%)

18:45
05/23/18
05/23
18:45
05/23/18
18:45
Periodicals
Apple signs pact with VW over self-driving cars, NY Times says »

Apple (AAPL) has signed…

AAPL

Apple

$188.36

1.08 (0.58%)

VLKAY

Volkswagen

$0.00

(0.00%)

BMWYY

BMW

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

18:24
05/23/18
05/23
18:24
05/23/18
18:24
Periodicals
Breaking Periodicals news story on Petrobras »

Petrobras under scrutiny…

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03/06/13
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NFLX

Netflix

$344.70

13.08 (3.94%)

, CMCSA

Comcast

$31.87

-0.64 (-1.97%)

18:03
05/23/18
05/23
18:03
05/23/18
18:03
Periodicals
Netflix market value now higher than Comcast, Recode says »

Netflix's (NFLX)…

NFLX

Netflix

$344.70

13.08 (3.94%)

CMCSA

Comcast

$31.87

-0.64 (-1.97%)

CMCSK

Comcast

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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CE

Celanese

$113.87

-0.05 (-0.04%)

18:01
05/23/18
05/23
18:01
05/23/18
18:01
Hot Stocks
Celanese to increase selling prices on acetyl intermediate products »

To raise prices on Vinyl…

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