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BECN

Beacon Roofing

$52.03

-0.22 (-0.42%)

04:55
10/13/17
10/13
04:55
10/13/17
04:55

Beacon Roofing management to meet with Seaport Global

Meetings to be held in Milwaukee on October 12 and in Chicago on October 13 hosted by Seaport Global.

  • 13

    Oct

  • 18

    Oct

BECN Beacon Roofing
$52.03

-0.22 (-0.42%)

08/25/17
KEYB
08/25/17
UPGRADE
KEYB
Overweight
Beacon Roofing upgraded on acquisition at KeyBanc
As noted earlier, KeyBanc upgraded Beacon Roofing to Overweight from Sector Weight. Analyst Kenneth Zener says that the company's acquisition of Allied will boost its earnings and could enable its multiple to expand. Target $52.
08/25/17
NRCS
08/25/17
UPGRADE
NRCS
Buy
Beacon Roofing upgraded to Buy from Neutral at Northcoast (pre-open)
08/25/17
08/25/17
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. Starbucks (SBUX) upgraded to Outperform from Neutral at Wedbush by analyst Nick Setyan, telling investors he expects shares to move higher following an expected revision in long-term growth targets in October and an update on the China joint-venture acquisition. 2. Transocean (RIG), Rowan Companies (RDC), Noble Corp (NE), Diamond Offshore (DO) upgraded to Sector Perform from Underperform at RBC Capital and Oceaneering (OII) and Frank's International (FI) upgraded to Outperform from Sector Perform by RBC Capital's Kurt Hallead, who said there has been an improvement in the environment for offshore drillers. The analyst said contracted rig utilization has bottomed and there have been modest improvements with idle rigs going back to work. 3. Wayfair (W) upgraded to Buy from Hold at Stifel by analyst Scott Devitt, who said the company "has effectively addressed the key challenges" facing " a furniture, housewares, and home improvement eCommerce platform." The analyst thinks that the company's investments have created "a defensive moat" that will improve its competitive position and wide the gap between itself and competitors. 4. Abercrombie & Fitch (ANF) upgraded to Buy from Neutral at Citi by analyst Paul Lejuez who said that the company's Q2 results showed stabilization, particularly at Hollister, and the stock's valuation has become "too attractive to ignore." 5. Beacon Roofing (BECN) upgraded to Overweight from Sector Weight at KeyBanc and to Buy from Hold at Jefferies. Jefferies analyst Philip Ng said the recent pullback in shares creates a buying opportunity with its increased scale in roofing and new exposure to interior products. Ng said the Allied acquisition nearly doubles Beacon's size and reinforces its presence in roofing and diversifies into interior products, providing diversification, product growth in new areas, and new markets to pursue as a roil up story. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/02/17
WBLR
10/02/17
NO CHANGE
WBLR
Outperform
William Blair views roofing survey as positive for Beacon
William Blair analyst Ryan Merkel says his firm's roofing surveys saw year-over-year growth pick up 200 basis points. The analyst believes roofing volumes "remain solid," excluding the hurricane impact. He estimates Beacon lost a week of sales in Houston and Florida in September. Merkel reduced his Q4 sales estimate by $15M and earnings per share estimate by 2c to 95c for the company. Despite the hurricane disruption, the survey saw growth pick up from 4%-5% to 6%-7%, Merkel tells investors in a research note. He views the survey positively for Beacon Roofing and believes hurricane replacement will provide a "modest boost" to the company in 2018. The analyst has an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

EVTC

Evertec

$16.05

-0.15 (-0.93%)

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WRI

Weingarten Realty

$27.15

-0.55 (-1.99%)

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MNTA

Momenta

$16.35

0.4 (2.51%)

03:36
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HOC

Holly

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CLVS

Clovis

$54.93

1.22 (2.27%)

03:34
02/22/18
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  • 26

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HST

Host Hotels

$19.22

-0.29 (-1.49%)

03:34
02/22/18
02/22
03:34
02/22/18
03:34
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Host Hotels rating change  »

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  • 22

    Feb

SLCA

U.S. Silica

$25.15

-5.6 (-18.21%)

03:33
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03:33
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U.S. Silica rating change  »

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  • 30

    May

JELD

Jeld-Wen

$34.50

-3.14 (-8.34%)

03:33
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03:33
Downgrade
Jeld-Wen rating change  »

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  • 22

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TEO

Telecom Argentina

$34.09

-0.19 (-0.55%)

03:32
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03:32
Downgrade
Telecom Argentina rating change  »

Telecom Argentina…

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03:30
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General news
FX Action: USD-CAD clocked a two-month high »

FX Action: USD-CAD…

JELD

Jeld-Wen

$34.50

-3.14 (-8.34%)

03:27
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03:27
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03:27
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Jeld-Wen rating change  »

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  • 22

    Feb

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ALKS

Alkermes

$63.19

-1.56 (-2.41%)

03:27
02/22/18
02/22
03:27
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03:27
Downgrade
Alkermes rating change  »

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03/08/13
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MSA

MSA Safety

$80.25

3.79 (4.96%)

03:25
02/22/18
02/22
03:25
02/22/18
03:25
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MSA Safety rating change  »

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03/08/13
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  • 12

    Mar

02:50
02/22/18
02/22
02:50
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02:50
General news
FX Update: The dollar has continued to mostly trade firmer »

FX Update: The dollar…

02:15
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General news
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00:00
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General news
Breaking General news story  »

Federal Reserve Vice…

NEM

Newmont Mining

$38.16

-0.23 (-0.60%)

, HRL

Hormel Foods

$32.68

-1.12 (-3.31%)

20:25
02/21/18
02/21
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

NEM

Newmont Mining

$38.16

-0.23 (-0.60%)

HRL

Hormel Foods

$32.68

-1.12 (-3.31%)

APA

Apache

$37.20

-1.1 (-2.87%)

LDOS

Leidos

$65.21

-1.02 (-1.54%)

W

Wayfair

$95.69

-0.61 (-0.63%)

OA

Orbital ATK

$131.80

-0.02 (-0.02%)

TREE

LendingTree

$371.25

-7.8 (-2.06%)

SFM

Sprouts Farmers Market

$26.12

0.12 (0.46%)

TPX

Tempur Sealy

$54.97

1.17 (2.17%)

SAFM

Sanderson Farms

$128.00

-3.44 (-2.62%)

03/08/13
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  • 21

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  • 07

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AIMT

Aimmune

$32.21

-2.75 (-7.87%)

20:04
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Syndicate
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BofA/Merrill, Cantor…

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  • 02

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  • 22

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20:00
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NUAN

Nuance

$16.28

-0.28 (-1.69%)

19:10
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Periodicals
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  • 26

    Feb

SSNLF

Samsung

, QCOM

Qualcomm

$63.40

-0.59 (-0.92%)

19:04
02/21/18
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Hot Stocks
Samsung, Qualcomm expand foundry cooperation on EUV process technology »

Samsung Electronics…

SSNLF

Samsung

QCOM

Qualcomm

$63.40

-0.59 (-0.92%)

03/08/13
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03/06/13
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  • 26

    Feb

  • 06

    Mar

CATY

Cathay General

$42.84

0.43 (1.01%)

18:59
02/21/18
02/21
18:59
02/21/18
18:59
Hot Stocks
Cathay General executive chairman Cheng sells 25,000 common shares »

In a regulatory filing,…

03/08/13
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SUN

Sunoco

$30.00

-0.08 (-0.27%)

18:42
02/21/18
02/21
18:42
02/21/18
18:42
Earnings
Sunoco reports Q4 EPS $2.01, may not compare to consensus 35c »

Reports Q4 revenue $3B,…

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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  • 22

    Feb

USFD

US Foods

$32.29

0.33 (1.03%)

18:39
02/21/18
02/21
18:39
02/21/18
18:39
Hot Stocks
US Foods director Lederer sells 98,702 common shares »

In a regulatory filing,…

03/08/13
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VLRS

Volaris

$9.14

0.12 (1.33%)

18:38
02/21/18
02/21
18:38
02/21/18
18:38
Earnings
Volaris reports Q4 28c, consensus 20c »

Reports Q4 revenue $336M,…

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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