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ADBE

Adobe

$155.77

1.28 (0.83%)

, FDX

FedEx

$215.84

0.76 (0.35%)

13:34
09/19/17
09/19
13:34
09/19/17
13:34

Notable companies reporting after market close

Notable companies reporting after the market close, with earnings consensus, include Adobe Systems (ADBE), consensus $1.01... FedEx (FDX), consensus $3.09... Copart (CPRT), consensus 29c... Bed Bath & Beyond (BBBY), consensus 95c.

ADBE

Adobe

$155.77

1.28 (0.83%)

FDX

FedEx

$215.84

0.76 (0.35%)

CPRT

Copart

$32.86

0.34 (1.05%)

BBBY

Bed Bath & Beyond

$27.30

-1.37 (-4.78%)

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    Sep

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    Sep

  • 22

    Oct

ADBE Adobe
$155.77

1.28 (0.83%)

08/23/17
ADAM
08/23/17
NO CHANGE
Target $110
ADAM
Buy
Buy Salesforce shares if post-earnings weakness persists, says Canaccord
Canaccord analyst Richard Davis called Salesforce's (CRM) Q2 results exceptional and its Q3 deferred guidance conservative. He noted the shares traded lower after the report and said if they stay down, investors should buy the dip. He called Salesforce one of his favorite three large cap growth stocks this year, along with Adobe (ADBE) and ServiceNow (NOW), citing their current valuation and outlook. Davis reiterated his Buy rating and raised his price target to $110 from $100 on Salesforce shares.
08/24/17
JEFF
08/24/17
INITIATION
JEFF
Buy
Adobe initiated with a Buy at Jefferies
Jefferies analyst Brent Thill initiated Adobe with a Buy and a $175 price target.
08/25/17
08/25/17
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. Walgreens Boots Alliance (WBA) initiated with a Buy and CVS Health (CVS) and Fred's (FRED) initiated with a Hold at Loop Capital. 2. Adobe (ADBE), Intuit (INTU), GoDaddy (GDDY) initiated with a Buy at Jefferies, while Mindbody (MB) was initiated with a Hold. 3. New Oriental Education (EDU), Bright Scholar (BEDU) and TAL Education (TAL) initiated with Overweight ratings at Morgan Stanley. 4. WellCare (WCG) coverage assumed with an Overweight at Cantor. 5. Dollar Tree (DLTR) and Dollar General (DG) reinstated with Buy ratings at BofA/Merrill. 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
MOFT
09/06/17
INITIATION
Target $195
MOFT
Buy
Adobe initiated with a Buy at MoffettNathanson
MoffettNathanson analyst Adam Holt started Adobe with a Buy rating and $195 price target, as he believes the company's unit growth, selling prices and margin upside can allow it to sustain close to 20% revenue growth for longer than the market currently expects.
FDX FedEx
$215.84

0.76 (0.35%)

09/15/17
FBCO
09/15/17
NO CHANGE
Target $242
FBCO
Outperform
FedEx 2020 operating income target may still be achievable, says Credit Suisse
Credit Suisse analyst Allison Landry acknowledges that the damage to FedEx from the cyber attack on TNT is likely significant and she is not recommending that investors buy into FedEx's Q1 report next week. However, to the extent that the company can convince that the TNT situation is contained and that it can still achieve its targeted operating income improvement of $1.2B-$1.5B by 2020, she thinks the report could remove an overhang and be a positive catalyst for the stock. The analyst, who thinks a path to the 2020 target may still be achievable, keeps an Outperform rating on FedEx and raised her price target on the shares to $242 from $237.
09/14/17
SBSH
09/14/17
NO CHANGE
SBSH
Buy
Citi sees 'tricky' setup into FedEx's Q1 results
Citi analyst Christian Wetherbee thinks the setup is "tricky" into FedEx's Q1 results next week. The stock has rallied off the post-cyber-attack lows into what should be a "messy" quarter, Wetherbee tells investors in a pre-earnings research note. He estimates the earnings per share impact of the TNT cyber-attack to be in the 50c-$1.00 range for FY18. As a result, Wetherbee expects FedEx to cut its full-year guidance. He recommends buying the shares on any post-earnings weakness, however. The company's long-term story "remains quite attractive," Wetherbee writes. He keeps a Buy rating on FedEx with a $235 price target and continues to see long-term value of $260-$290 per share.
09/15/17
09/15/17
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. Equifax (EFX) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg citing news of a major hack on the company's data that could have lasting effects. 2. FedEx (FDX) downgraded to Neutral from Buy at UBS with analyst Thomas Wadewitz citing TNT issues following the cyber-attack in June that knocked out multiple systems. 3. Carnival (CCL) downgraded to Neutral from Outperform at Credit Suisse with analyst Tim Ramskil saying he is worried that his estimate of absolute industry capacity growth in 2018-2021 is double that of the last five years. 4. American Airlines (AAL), United Continental (UAL), and Spirit Airlines (SAVE) were downgraded to Neutral from Overweight at JPMorgan. 5. Acuity Brands (AYI) downgraded to Market Perform from Outperform at Wells Fargo with analyst Richard Kwas saying his firm's electrical channel checks indicate the 8% consensus organic revenue growth estimate for FY18 does not have upside. The analyst thinks shares are likely range-bound in the $160-$200 range "for the time being." He believes a "material step up" in tiered solutions growth is needed for gross margin to outperform expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/15/17
UBSW
09/15/17
DOWNGRADE
UBSW
Neutral
FedEx downgraded to Neutral from Buy at UBS
UBS analyst Thomas Wadewitz downgraded FedEx to Neutral with a $233 price target to reflect TNT issues following the cyber-attack in June that knocked out multiple systems. Wadewitz said it is remains unclear if international operation, delivery confirmation and billing systems are fully running and thinks the resulting impact on volumes could last, reducing FedEx's ability to deliver 10%-15% earnings growth in 2018/19. The analyst believes FedEx risk/reward is balanced in the near-term and sees less clarity in FY18 with risk from TNT.
CPRT Copart
$32.86

0.34 (1.05%)

11/23/16
11/23/16
DOWNGRADE
Target $59

Equal Weight
Copart downgraded to Equal Weight at Stephens
As previously reported, Stephens analyst Ben Bienvenu downgraded Copart to Equal Weight from Overweight as valuation could be tough to sustain. While the analyst likes the fundamentals of this story and continues to think the company will produce strong results, he believes that risk/reward is more balanced given the stock's substantial appreciation so far this year and the more difficult comparisons that are ahead. Bienvenu also lowered his price target on the shares to $59 from $61.
11/23/16
BARD
11/23/16
NO CHANGE
Target $60
BARD
Outperform
Copart weakness a buying opportunity, says Baird
Baird analyst Craig Kennison said Copart reported impressive Q1 results but the market may have missed it. The analyst noted improved revenues fueled by accidents, higher severity and numerous catastrophes, and market share gains. Kennison raised his estimates and price target and believes investors misunderstand the company dynamics, which will create a trading opportunity. Kennison recommend buying shares on a dip, reiterated his Outperform rating, and raised his price target to $60 from $56 on Copart shares.
09/07/17
SPHN
09/07/17
DOWNGRADE
Target $48
SPHN
Equal Weight
KAR Auction downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Ben Bienvenu downgraded KAR Auction (KAR) to Equal Weight from Overweight, stating that while vehicle damage from Hurricane Harvey likely creates a surge of volume, the volume should also have significant costs that put pressure on profitability. He lowered his price target on KAR Auction to $48 from $51. He also noted that Hurricane Harvey's impact could limit share price upside over the next few quarters for fellow salvage auction operator Copart (CPRT).
11/23/16
SPHN
11/23/16
DOWNGRADE
SPHN
Equal Weight
Copart downgraded to Equal Weight from Overweight at Stephens
BBBY Bed Bath & Beyond
$27.30

-1.37 (-4.78%)

09/14/17
UBSW
09/14/17
NO CHANGE
Target $30
UBSW
Neutral
Bed Bath & Beyond likely to reduce guidance, says UBS
UBS analyst Michael Lasser does not think Q2 will mark a significant turnaround in Bed, Bath & Beyond's fortunes. He believes competition will lead to further deterioration in same-store sales, leaving them in negative territory for Q2. He also does not believe its profitability will stabilize, something investors will look for before rewarding it with a meaningfully higher multiple. Lasser maintained his Neutral rating and lowered his price target to $30 from $33 on Bed, Bath & Beyond shares.
07/26/17
LOOP
07/26/17
NO CHANGE
LOOP
Loop lists Bed Bath & Beyond, Dollar Tree as most likely to attract activist
Loop Capital analyst Anthony Chukumba said his analysis leaves him believing Bed Bath & Beyond (BBBY) and Dollar Tree (DLTR) are currently the most likely activist targets among the specialty hardlines retailers he covers. The analyst has a Hold rating on Bed Bath and Buy rating on Dollar Tree.
06/23/17
JEFF
06/23/17
NO CHANGE
Target $34
JEFF
Hold
Bed Bath & Beyond price target lowered to $34 from $41 at Jefferies
Jefferies analyst Daniel Binder said that Bed Bath & Beyond's worse than expected Q1 results, along with its increased investments, could put its guidance at risk. He lowered his price target on the Bed Bath shares to $34 from $41 and keeps a Hold rating on the stock.
06/23/17
BOFA
06/23/17
NO CHANGE
Target $27
BOFA
Underperform
Bed Bath & Beyond price target cut to $27 from $33 at BofA/Merrill
BofA/Merrill analyst Curtis Nagle cut Bed Bath & Beyond's price target to $27 from $33 and reiterated his Underperform rating following another disappointing quarter driven by "much weaker" than expected store comps, deteriorating sales, and the continued shift to the low margin online channel.

TODAY'S FREE FLY STORIES

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LXFT

Luxoft

$32.80

-10.55 (-24.34%)

15:23
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Downgrade
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PYPL

PayPal

$82.25

1.18 (1.46%)

15:19
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GPS

Gap

$32.87

0.9 (2.82%)

15:19
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Options
Gap options imply 9.6% move in share price post-earnings, above median historical move »

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TMUS

T-Mobile

$57.03

0.01 (0.02%)

15:17
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Periodicals
T-Mobile glitch let anyone access customer account data, ZDNet reports »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
05/24/18
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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Technical Analysis
NYSE market internals summary »

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AMZN

Amazon.com

$1,605.50

3.73 (0.23%)

15:14
05/24/18
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15:14
Periodicals
Family claims Amazon device recorded, shared private conversation, Kiro7 says »

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  • 04

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ADSK

Autodesk

$139.19

-0.11 (-0.08%)

15:04
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15:04
Options
Autodesk options imply 8.1% move in share price post-earnings, above median historical move »

Pre-earnings options…

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SJM

J.M. Smucker

$109.22

-0.98 (-0.89%)

15:00
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Options
Notable spread in JM Smucker »

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DB

Deutsche Bank

$12.29

-0.605 (-4.69%)

14:58
05/24/18
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14:58
Periodicals
Deutsche Bank shareholders vote down motion to remove Chairman, Reuters says »

About 91% of Deutsche…

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TOT

Total

$61.03

-0.36 (-0.59%)

14:51
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Hot Stocks
Total acquires 10% interest in Novatek's Arctic LNG 2 project »

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IGLD

Internet Gold

$3.38

0.37 (12.29%)

14:49
05/24/18
05/24
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14:49
Technical Analysis
Technical Take: Internet Gold spikes after results »

The stock was last up…

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NTNX

Nutanix

$56.05

-0.19 (-0.34%)

14:49
05/24/18
05/24
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14:49
Options
Nutanix options imply 13.3% move in share price post-earnings, above median historical move »

Pre-earnings options…

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TAHO

Tahoe Resources

$5.11

-0.195 (-3.68%)

14:45
05/24/18
05/24
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Options
Tahoe Resources call volume above normal and directionally bullish »

Bullish option flow…

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NKE

Nike

$72.03

0.71 (1.00%)

, UA

Under Armour

$18.34

0.45 (2.52%)

14:29
05/24/18
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Periodicals
Nike to take MLB on-field rights from Under Armour in 2020 season, SBD says »

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NKE

Nike

$72.03

0.71 (1.00%)

UA

Under Armour

$18.34

0.45 (2.52%)

UAA

Under Armour

$20.50

0.43 (2.14%)

03/08/13
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  • 26

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IGLD

Internet Gold

$3.22

0.21 (6.98%)

14:25
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Earnings
Internet Gold jumps 20% to $3.65 after disclosing Q1 results 

Reference Link

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IP

International Paper

$54.61

-0.145 (-0.26%)

14:20
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Options
2X average daily option volume in International Paper and calls lead puts 11:1 »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
05/24/18
05/24
14:16
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14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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YNDX

Yandex

$33.72

-0.83 (-2.40%)

14:15
05/24/18
05/24
14:15
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14:15
Options
Yandex put volume heavy and directionally bearish »

Bearish flow noted in…

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14:15
05/24/18
05/24
14:15
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General news
Fed funds futures have continued to rally »

Fed funds futures have…

OUT

Outfront Media

$19.43

-0.11 (-0.56%)

14:10
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14:10
Hot Stocks
Outfront Media hires Matthew Siegel for CFO position »

OUTFRONT Media announced…

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13:50
05/24/18
05/24
13:50
05/24/18
13:50
General news
Philly Fed's Harker views a 2019 end to the tightening cycle »

Philly Fed's Harker…

ECA

Encana

$13.12

-0.22 (-1.65%)

13:45
05/24/18
05/24
13:45
05/24/18
13:45
Options
Encana call volume above normal and directionally bullish »

Bullish option flow…

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