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MIK

Michaels

$21.42

-0.03 (-0.14%)

15:30
09/21/17
09/21
15:30
09/21/17
15:30

Bullish flow continues for a third day in Michaels Companies

Bullish flow continues for a third day in Michaels Companies. The stock down 6c to $21.36 and 2.5K Nov 20 - 22.5 risk-reversals trade for 25c. The investor sold puts, bought calls, and the Nov 22.5s add to the 6.2K opened at that strike yesterday. 5.6K opened Tuesday as well and another 4.5K traded so far today. Motivation for the bullish flow this week is unclear. Earnings not due again until December.

MIK Michaels
$21.42

-0.03 (-0.14%)

06/16/17
MSCO
06/16/17
NO CHANGE
Target $25
MSCO
Overweight
Michaels risk/reward positive, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman was positively surprised by the yesterday's investor meeting saying he did not fully appreciate the amount of innovation across the enterprise, merchandising, shopping experience, omni channel, and business opportunities. The analyst expects Q3 comps of +2%, which will enhance management credibility, demonstrate the stability of the business, and boost confidence. Gutman views Michaels' risk/reward as positive and reiterates his Overweight rating and $29 price target ahead of a same-store-sales rebound in the second half.
07/24/17
JPMS
07/24/17
UPGRADE
Target $23
JPMS
Overweight
Michaels upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Christopher Horvers upgraded Michaels to Overweight saying the risk/reward at current share levels is attractive. The analyst expects comps to turn positive in the second half of 2017 and keeps a $23 price target for the shares.
07/24/17
07/24/17
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. Huntsman (HUN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Michael Sison saying he believes HuntsmanClariant will generate "attractive earnings growth" through the end of the decade. He also sees the IPO of Venator (VNTR) as a potential catalyst. 2. Caterpillar (CAT) upgraded to Outperform from Market Perform at BMO Capital with analyst Joel Tiss saying he expects the company to provide five year Earnings Per Share guidance at its September investor event "that could approach" his $16 outlook. 3. Michaels (MIK) upgraded to Overweight from Neutral at JPMorgan with analyst Christopher Horvers saying the risk/reward at current share levels is attractive. 4. Xerox (XRX) upgraded to Equal Weight from Underweight at Barclays with analyst Mark Moskowitz saying better market conditions and cost take-outs could help the company improve revenue and margins. 5. Leggett & Platt (LEG) upgraded to Long-Term Buy from Neutral at Hilliard Lyons with analyst Spencer Joyce saying the upgrade is not a call on Q2 results, but does expect positive commentary toward second half 2017 and believes valuation provides a compelling long-term entry point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/05/17
BOFA
09/05/17
INITIATION
Target $29
BOFA
Buy
Michaels reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Elizabeth Suzuki reinstated Michaels with a Buy and a $29 price target saying she expects growth to be driven by store optimization and transformation, improved leverage of lower-cost product sourcing and exclusive brands. The analyst only expects "modest" online disruptions for the arts and crafts industry due to the "important" in-store experience.

TODAY'S FREE FLY STORIES

HOG

Harley-Davidson

$46.57

-0.05 (-0.11%)

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AMDA

Amedica

$0.29

-0.01049 (-3.46%)

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MDXG

MiMedx

$13.51

0.31 (2.35%)

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BUD

AB InBev

$125.72

0.36 (0.29%)

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  • 26

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BKI

Black Knight

$46.85

0.05 (0.11%)

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  • 01

    Nov

MS

Morgan Stanley

$48.94

0.64 (1.33%)

09:03
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Breaking Hot Stocks news story on Morgan Stanley »

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  • 17

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CELG

Celgene

$136.71

0.25 (0.18%)

09:03
10/17/17
10/17
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Celgene initiated  »

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  • 26

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ROKU

Roku

$22.19

-0.83 (-3.61%)

09:02
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NEOT

Neothetics

$0.52

-0.0206 (-3.81%)

09:02
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Neothetics, Evofem Biosciences announce all-stock merger »

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ROKU

Roku

$22.19

-0.83 (-3.61%)

09:01
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ABEO

Abeona Therapeutics

$16.70

0.6 (3.73%)

09:01
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10/17
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Syndicate
Abeona Therapeutics 5M share Spot Secondary priced at $16.00 »

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  • 17

    Oct

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NFLX

Netflix

09:00
10/17/17
10/17
09:00
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09:00
Recommendations
Netflix analyst commentary  »

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  • 22

    Oct

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Fed funds futures are modestly lower, having unwound early gains »

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Industrial Production to be reported at 09:15 »

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Industrial Production Capacity Utilization Rate to be reported at 09:15 »

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ACN

Accenture

$139.09

-0.11 (-0.08%)

08:59
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Hot Stocks
Accenture enters into exclusive negotiations to acquire Altima »

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  • 22

    Oct

JNJ

Johnson & Johnson

$136.12

-0.31 (-0.23%)

08:59
10/17/17
10/17
08:59
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08:59
Earnings
Johnson & Johnson backs FY17 revenue view $75.9B-$76.2B, consensus $75.83 »

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LRCX

Lam Research

$192.36

2.46 (1.30%)

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Lam Research analyst commentary  »

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  • 17

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JNJ

Johnson & Johnson

$136.12

-0.31 (-0.23%)

08:57
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Breaking Hot Stocks news story on Johnson & Johnson »

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  • 17

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Redbook Store Sales data reported »

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SRPT

Sarepta

$50.73

0.16 (0.32%)

08:56
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10/17
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08:56
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Sarepta analyst commentary  »

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  • 06

    Nov

NFLX

Netflix

$202.68

3.19 (1.60%)

, GE

General Electric

$23.36

0.38 (1.65%)

08:55
10/17/17
10/17
08:55
10/17/17
08:55
Options
Notable open interest changes for October 17th »

Monday's total…

NFLX

Netflix

$202.68

3.19 (1.60%)

GE

General Electric

$23.36

0.38 (1.65%)

CMCSA

Comcast

$36.61

0.6 (1.67%)

BAC

Bank of America

$26.24

0.41 (1.59%)

03/08/13
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  • 17

    Oct

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  • 01

    Nov

08:55
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General news
The U.S. trade price report beat estimates »

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NOW

ServiceNow

$121.40

-0.89 (-0.73%)

08:55
10/17/17
10/17
08:55
10/17/17
08:55
Conference/Events
ServiceNow to hold a forum »

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  • 17

    Oct

  • 25

    Oct

  • 26

    Oct

  • 11

    Dec

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