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UNIT

Uniti Group

$17.47

-0.93 (-5.05%)

14:15
09/19/17
09/19
14:15
09/19/17
14:15

Uniti Group put volume heavy and directionally bearish

Bearish flow noted in Uniti Group with 6,533 puts trading, or 3x expected. Most active are Oct-17 15 puts and Nov-17 15 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 1.78, while ATM IV is up nearly 12 points on the day. Earnings are expected on November 2nd.

  • 02

    Oct

UNIT Uniti Group
$17.47

-0.93 (-5.05%)

08/23/17
MSCO
08/23/17
NO CHANGE
Target $26
MSCO
Overweight
CenturyLink, Uniti Group risk/reward attractive, says Morgan Stanley
Morgan Stanley analyst Simon Flannery is surprised by the magnitude of share declines for Overweight rated CenturyLink (CTL) and Uniti Group (UNIT) and continues to view risk/reward as attractive. Flannery said Q2 results showed cable continued to to drive consumer sub growth, reinforcing his view to own these two infrastructure assets that will benefit from growing business IP/mobile traffic. The analyst trimmed CenturyLink's price target to $26 from $27 and cut Uniti's to $24 from $32.
08/16/17
WELS
08/16/17
NO CHANGE
WELS
Uniti Group risk/reward ratio attractive, says Wells Fargo
Wells Fargo believes that fears that Uniti Group (UNIT) will have to renegotiate its lease deal with Windstream (WIN) are overdone. The firm does not see this as a risk in the near-term, and it consequently believes that the risk/reward ratio of Uniti Group "is attractive at current levels." Wells keeps an Outperform rating on Uniti and a Market Perform rating on Windstream.
08/15/17
08/15/17
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. Deere (DE) downgraded to Neutral from Buy at BofA/Merrill with analyst Ross Gilardi saying he is cautious into the print given recent data and expects the pace of earnings performance relative to expectations to begin to subside. 2. Zynerba (ZYNE) was downgraded to Perform from Outperform at Oppenheimer and to Hold from Buy at Jefferies. 3. Uniti Group (UNIT) downgraded to Neutral from Buy at BofA/Merrill with analyst David Barden saying Windstream's (WIN) dividend cut increases concerns about the health of the business and, combined with Uniti's increasing cost of capital, creates a negative feedback loop for the stock. 4. Farmland Partners (FPI) downgraded to Neutral from Outperform at Baird with the firm's analyst saying financial leverage is moving towards 18x EBITDA following the recent preferred offering, and the participating rights could create a liability for the common holders that could grow over time and a common dividend AFFO payout ratio over 130% estimated through YE19. 5. Banco Santander (SAN) downgraded to Neutral from Buy at Goldman Sachs with analyst Jose Abad seeing the valuation as full following the recent outperformance of the shares. The analyst lowered his price target for the shares to EUR 6.40. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/15/17
BOFA
08/15/17
DOWNGRADE
Target $20
BOFA
Neutral
Uniti Group downgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill downgraded Uniti Group (UNIT) to Neutral from Buy and lowered its price target to $20 from $34. Analyst David Barden said Windstream's (WIN) dividend cut increases concerns about the health of the business and, combined with Uniti's increasing cost of capital, creates a negative feedback loop for the stock.

TODAY'S FREE FLY STORIES

CNCE

Concert Pharmaceuticals

$13.96

-0.62 (-4.25%)

, INCY

Incyte

$115.14

-0.5 (-0.43%)

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Concert Pharmaceuticals

$13.96

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INCY

Incyte

$115.14

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CNCE

Concert Pharmaceuticals

$13.96

-0.62 (-4.25%)

, INCY

Incyte

$115.14

-0.5 (-0.43%)

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10/19
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CNCE

Concert Pharmaceuticals

$13.96

-0.62 (-4.25%)

INCY

Incyte

$115.14

-0.5 (-0.43%)

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FNSR

Finisar

$21.98

0.34 (1.57%)

12:30
10/19/17
10/19
12:30
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12:30
Options
Finisar calls active as shares see relative strength »

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  • 19

    Oct

TWN

Taiwan Fund

$21.16

-0.19 (-0.89%)

12:29
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10/19
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Hot Stocks
Breaking Hot Stocks news story on Taiwan Fund »

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AGEN

Agenus

$4.71

0.04 (0.86%)

, ADRO

Aduro Biotech

$9.55

-0.1 (-1.04%)

12:25
10/19/17
10/19
12:25
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12:25
Conference/Events
William Blair biotech analyst holds an analyst/industry conference call Aduro Biotech »

Biotech Analyst Phipps,…

AGEN

Agenus

$4.71

0.04 (0.86%)

ADRO

Aduro Biotech

$9.55

-0.1 (-1.04%)

03/08/13
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Citigroup
03/06/13
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  • 19

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    Oct

TSM

TSMC

$41.06

-0.445 (-1.07%)

12:22
10/19/17
10/19
12:22
10/19/17
12:22
Downgrade
TSMC rating change  »

TSMC downgraded to Hold…

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AAPL

Apple

$159.76

-0.71 (-0.44%)

, AXP

American Express

$91.42

-0.6599 (-0.72%)

12:21
10/19/17
10/19
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12:21
General news
On The Fly: Top stock stories at midday »

Stocks opened in negative…

AAPL

Apple

$159.76

-0.71 (-0.44%)

AXP

American Express

$91.42

-0.6599 (-0.72%)

VZ

Verizon

$49.81

1.16 (2.38%)

TRV

Travelers

$130.89

0.87 (0.67%)

PM

Philip Morris

$108.30

-4.21 (-3.74%)

ADBE

Adobe

$153.00

2.62 (1.74%)

EBAY

eBay

$37.97

0.48 (1.28%)

CRBP

Corbus Pharmaceuticals

$7.00

-0.05 (-0.71%)

UAL

United Continental

$60.75

-7.24 (-10.65%)

AAL

American Airlines

$52.03

-0.04 (-0.08%)

DAL

Delta Air Lines

$51.75

-1.11 (-2.10%)

03/08/13
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    Nov

COTY

Coty

$15.66

-0.105 (-0.67%)

12:20
10/19/17
10/19
12:20
10/19/17
12:20
Options
Far downside put buyers in Coty Inc as implied volatility moves higher »

Far downside put buyers…

03/08/13
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12:20
10/19/17
10/19
12:20
10/19/17
12:20
General news
U.S. equities rebounded from lows »

U.S. equities rebounded…

12:18
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10/19
12:18
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12:18
Conference/Events
Stephens food & agribusiness analyst holds an analyst/industry conference call »

Food/Agribusiness Analyst…

$NSD

NASDAQ Market Internals

12:17
10/19/17
10/19
12:17
10/19/17
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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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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FB

Facebook

$176.03

-0.08 (-0.05%)

, AAPL

Apple

$159.76

-0.71 (-0.44%)

12:16
10/19/17
10/19
12:16
10/19/17
12:16
Periodicals
Apple can't agree with terms for Facebook's subscription tool, Recode reports »

Facebook's (FB) new…

FB

Facebook

$176.03

-0.08 (-0.05%)

AAPL

Apple

$159.76

-0.71 (-0.44%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 22

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$NYE

NYSE Market Internals

12:16
10/19/17
10/19
12:16
10/19/17
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
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PYPL

PayPal

$67.26

0.59 (0.88%)

, VNTV

Vantiv

$68.99

0.03 (0.04%)

12:15
10/19/17
10/19
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12:15
Earnings
On The Fly: What to watch in PayPal earnings report »

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PYPL

PayPal

$67.26

0.59 (0.88%)

VNTV

Vantiv

$68.99

0.03 (0.04%)

MSFT

Microsoft

$77.61

0.02 (0.03%)

MA

MasterCard

$145.45

-0.74 (-0.51%)

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GM

General Motors

$45.12

-0.0049 (-0.01%)

12:12
10/19/17
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Idaho AG announces $120M multistate settlement with General Motors »

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  • 24

    Oct

UAL

United Continental

$60.70

-7.29 (-10.72%)

, AAL

American Airlines

$52.03

-0.04 (-0.08%)

12:12
10/19/17
10/19
12:12
10/19/17
12:12
Hot Stocks
United Continental falls after Q4 guidance implies earnings miss »

United Continental's…

UAL

United Continental

$60.70

-7.29 (-10.72%)

AAL

American Airlines

$52.03

-0.04 (-0.08%)

DAL

Delta Air Lines

$51.50

-1.36 (-2.57%)

ALK

Alaska Air

$77.56

-2.875 (-3.57%)

03/08/13
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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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MLM

Martin Marietta

$208.03

4.68 (2.30%)

12:06
10/19/17
10/19
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12:06
Hot Stocks
Martin Marietta agrees not to consummate Panadero deal before January 31 »

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GS

Goldman Sachs

$238.50

-3.53 (-1.46%)

, MS

Morgan Stanley

$49.36

-0.79 (-1.58%)

12:06
10/19/17
10/19
12:06
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12:06
Periodicals
Banks line up about EUR5B for Unilever spreads sale, Reuters reports »

Banks including Goldman…

GS

Goldman Sachs

$238.50

-3.53 (-1.46%)

MS

Morgan Stanley

$49.36

-0.79 (-1.58%)

MFG

Mizuho Financial Group

$3.55

-0.03 (-0.84%)

UN

Unilever; also tag UL

$58.03

-3.36 (-5.47%)

UL

Unilever; also tag UN

$56.51

-3.35 (-5.60%)

BX

Blackstone

$34.36

0.8742 (2.61%)

KKR

KKR

$20.25

0.03 (0.15%)

APO

Apollo Global

$31.71

-0.02 (-0.06%)

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03/06/13
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XPO

XPO Logistics

$64.45

-0.31 (-0.48%)

12:01
10/19/17
10/19
12:01
10/19/17
12:01
Recommendations
XPO Logistics analyst commentary  »

XPO recent selloff…

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  • 02

    Nov

SCSS

Select Comfort

$32.08

1.7 (5.60%)

12:00
10/19/17
10/19
12:00
10/19/17
12:00
Options
Put buyers in Select Comfort won't rest »

Put buyers in Select…

03/08/13
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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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UAL

United Continental

$61.63

-6.36 (-9.35%)

11:57
10/19/17
10/19
11:57
10/19/17
11:57
Hot Stocks
Breaking Hot Stocks news story on United Continental »

United Continental…

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  • 19

    Oct

BX

Blackstone

$34.33

0.835 (2.49%)

11:55
10/19/17
10/19
11:55
10/19/17
11:55
Hot Stocks
Breaking Hot Stocks news story on Blackstone »

Blackstone says creating…

03/08/13
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03/06/13
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03/06/13
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  • 19

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    Nov

QCOM

Qualcomm

$52.21

-0.2 (-0.38%)

11:50
10/19/17
10/19
11:50
10/19/17
11:50
Options
Defensive option play in Qualcomm opens a big position »

Defensive option play in…

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  • 01

    Nov

FIZZ

National Beverage

$97.74

0.15 (0.15%)

11:47
10/19/17
10/19
11:47
10/19/17
11:47
Hot Stocks
National Beverage attributes volatility to 'falsehoods' and 'rumors' »

National Beverage…

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WPM

Wheaton Precious Metals

$20.59

0.586 (2.93%)

11:45
10/19/17
10/19
11:45
10/19/17
11:45
Options
Wheaton Precious Metals call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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  • 10

    Nov

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