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BOJA

Bojangles

$13.15

-0.1 (-0.75%)

, MCD

McDonald's

$160.58

0.46 (0.29%)

07:55
10/11/17
10/11
07:55
10/11/17
07:55

Bojangles downgraded to Equal Weight from Overweight at Stephens

Stephens analyst Will Slabaugh downgraded Bojangles (BOJA) to Equal Weight from Overweight, saying he expects larger QSR brands with big marketing budgets - such as McDonald's (MCD), Wendy's (WEN) and Restaurant Brands (QSR) - to be the largest beneficiary of macro trends that will negatively impact Bojangles. He lowered his price target on the stock to $14 from $18.

BOJA

Bojangles

$13.15

-0.1 (-0.75%)

MCD

McDonald's

$160.58

0.46 (0.29%)

WEN

Wendy's

$15.71

0.19 (1.22%)

QSR

Restaurant Brands

$65.17

0.32 (0.49%)

  • 22

    Oct

  • 01

    Nov

BOJA Bojangles
$13.15

-0.1 (-0.75%)

10/02/17
STFL
10/02/17
INITIATION
STFL
Hold
Bojangles resumed coverage with a Hold at Stifel
Stifel analyst Chris O'Cull resumed coverage of Bojangles with a Hold rating and $16 price target.
07/28/17
WBLR
07/28/17
DOWNGRADE
WBLR
Market Perform
Bojangles downgraded to Market Perform from Outperform at William Blair
William Blair analyst Sharon Zackfia downgraded Bojangles to Market Perform citing continued negative comp trends following the company's Q2 results.
03/14/17
03/14/17
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. Herbalife (HLF) initiated with a Neutral at Citi. 2. OPKO Health (OPK) initiated with a Buy at Guggenheim. 3. Bojangles (BOJA) initiated with an Outperform at Cowen. 4. Sturm, Ruger (RGR) initiated with a Hold at Wunderlich. 5. Wayfair (W) initiated with an Overweight at Stephens. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/14/17
COWN
03/14/17
INITIATION
Target $23
COWN
Outperform
Bojangles initiated with an Outperform at Cowen
Cowen analyst Andrew Charles started Bojangles with an Outperform rating and $23 price target.
MCD McDonald's
$160.58

0.46 (0.29%)

10/02/17
STFL
10/02/17
INITIATION
STFL
Hold
McDonald's resumed coverage with a Hold at Stifel
Stifel analyst Chris O'Cull resumed coverage of McDonald's with a Hold rating and $160 price target.
10/04/17
MSCO
10/04/17
NO CHANGE
Target $62
MSCO
Overweight
'Third Wave' coffee shops still too small to hurt Starbucks, says Morgan Stanley
Morgan Stanley analyst John Glass said the emergence of more "Third Wave" coffee shops have fueled competitive fears for Starbucks (SBUX), but he contends that the absolute numbers of specialty chains with 10 or more units remain small and most data sources show smaller chains and independents are flat to slightly declining in number. Recent high profile investments in specialty coffee, such as JAB's purchases of Stumptown and Intelligentsia and Nestle's (NSRGY) majority stake in Blue Bottle, are making headlines, but the brands' competitive relevance may be overstated, Glass tells investors. The analyst, who added that the last time McDonald's (MCD) pushed into specialty coffee it had "no discernable negative impact on Starbucks, and arguably even a positive one," keeps an Overweight rating and $62 price target on Starbucks shares.
09/28/17
09/28/17
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. McDonald's (MCD) upgraded to Buy from Neutral at Longbow with analyst Alton Stump citing better than expected third quarter U.S. comparable store sales trends. 2. Philip Morris (PM) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Judy Hong saying the company offers a "rare innovation product cycle story within Staples" along with the strongest global positioning in next generation products. 3. BlackRock (BLK) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Alexander Blostein saying he expects an acceleration in annual operating income growth given improving trends in active, easing pressures on blended fee rates, and scaling of its tech platform which should lead to sustainable multiple improvement. 4. Potbelly (PBPB) upgraded to Overweight from Neutral at Piper Jaffray with analyst Nicole Miller Regan saying she believes a "compelling" turnaround is building. 5. Huntsman (HUN) upgraded to Outperform from Market Perform at Wells Fargo with analyst Frank Mitsch saying the recent weakness in the shares is a buying opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/17
WELS
10/09/17
NO CHANGE
Target $180
WELS
Outperform
McDonald's to introduce new value menu platform, says Wells Fargo
Wells Fargo analyst Jeff Farmer says that in early 2018, he expects McDonald's to introduce a new value menu platform that will have the national participation, consistency, flexibility and clarity that has not been seen since the Dollar Menu was pulled in 2013. The analyst also notes that 15 years of hamburger segment case studies suggest that McDonald's national value menu launch could easily prove to be a 1% or more U.S. segment same-store sales tailwind in 2018. He reiterates an Outperform rating and $180 price target on the shares.
WEN Wendy's
$15.71

0.19 (1.22%)

09/15/17
09/15/17
UPGRADE

Buy
Wendy's upgraded to Buy following solid comp checks at Longbow
As previously reported, Longbow upgraded Wendy's to Buy from Neutral with a $18 price target. Analyst Alton Stump's checks with US franchisees indicate Q3 domestic franchised comps are up in a 3.0-3.5% range to date, above his prior estimate of 2.5%, as well as consensus at up 2.4%. The analyst is confident Wendy's will beat Q3 same-store sales growth estimates and expects the same in Q4. Further, Wendy's could generate over $300M of cumulative free cash flow in the 2017-2019 time frame taht could be sued to purchase as much as 15% of shares by the end of 2019, the analyst wrote in a note to investors.
10/02/17
STFL
10/02/17
INITIATION
STFL
Buy
Wendy's resumed coverage with a Buy at Stifel
Stifel analyst Chris O'Cull resumed coverage of Wendy's with a Buy rating and $18 price target.
09/15/17
LBOW
09/15/17
UPGRADE
LBOW
Buy
Wendy's upgraded to Buy from Neutral at Longbow
09/08/17
BMOC
09/08/17
NO CHANGE
BMOC
Fast food restaurants more insulated from Amazon effects, says BMO Capital
BMO Capital says that fast food companies "are likely more insulated" from Amazon (AMZN) than other types of restaurants "due to their convenience-based usage occasions, low price points, and insulation from deflationary pressures." The firm identifies Wendy's (WEN) and McDonald's (MCD) as its favorite names in the fast food space.
QSR Restaurant Brands
$65.17

0.32 (0.49%)

09/07/17
FBCO
09/07/17
UPGRADE
Target $74
FBCO
Outperform
Restaurant Brands upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Jason West upgraded Restaurant Brands to Outperform and increased its price target to $74 from $60 saying shares are undervalued and don't fully capture above average unit growth, improving cost of capital, low tax rate, and low capex. West's checks suggest Tim Hortons is stabilizing and franchisee concerns around supply chain and other issues seems to be waning. Further, the analyst sees catalysts from the Decmber paydown of 9% preferred stock, accelerating Popeye's growth, and a material capital return event in 2018 such as a special dividend.
08/22/17
UBSW
08/22/17
NO CHANGE
Target $68
UBSW
Buy
Restaurant Brands called a top pick at UBS
UBS analyst Dennis Geiger said Restaurant Brands is well positioned to beat earnings forecasts and second half same store sales should improve along with franchisee sentiment. He believes its strong free cash flow generation supports future acquisitions along with either dividend increases or share buybacks. Geiger reiterated his Buy rating and $68 price target on the stock and raised Restaurant Brands shares to a top pick.
07/12/17
NOMU
07/12/17
INITIATION
Target $73
NOMU
Buy
Restaurant Brands initiated with a Buy at Nomura Instinet
Nomura Instinet analyst Mark Kalinowski initiated Restaurant Brands with a Buy and a $73 price target due to its strong long-term unit growth across a diverse brand portfolio is under-appreciated by the market. The analyst expects G&A savings at Popeyes, mobile app rollouts in 4-8 months, and an reacceleration in same-store-sales.
09/26/17
09/26/17
DOWNGRADE
Target $14

Neutral
Habit Restaurants downgraded to Neutral at Wedbush
As previously reported, Wedbush analyst Nick Setyan downgraded Habit Restaurants (HABT) to Neutral from Outperform saying he expects continued positive trends in Restaurant Brands (QSR) to pressure comp trends at the former, creating risk to current margin expectations and guidance. The analyst also lowered his price target on Habit's shares to $14 from $19.

TODAY'S FREE FLY STORIES

WHR

Whirlpool

$182.10

-0.36 (-0.20%)

11:31
10/23/17
10/23
11:31
10/23/17
11:31
Technical Analysis
Technical Earnings Preview: Whirlpool has a potential bullish pattern »

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  • 24

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EBAY

eBay

$37.61

0.32 (0.86%)

, PYPL

PayPal

$70.97

3.72 (5.53%)

11:30
10/23/17
10/23
11:30
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11:30
Recommendations
eBay, PayPal analyst commentary  »

NFL deal highlights value…

EBAY

eBay

$37.61

0.32 (0.86%)

PYPL

PayPal

$70.97

3.72 (5.53%)

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  • 29

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NFLX

Netflix

$194.16

-0.97 (-0.50%)

11:30
10/23/17
10/23
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11:30
Options
Size call condor in Netflix rerolls position from last week »

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GE

General Electric

$22.57

-1.26 (-5.29%)

11:29
10/23/17
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11:29
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Battleground: Analysts diverge on General Electric earnings power »

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TGT

Target

$62.92

1.16 (1.88%)

, GOOG

Alphabet

$988.20

3.75 (0.38%)

11:20
10/23/17
10/23
11:20
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11:20
Hot Stocks
Target climbs as retailer gears up for crucial holiday season »

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Target

$62.92

1.16 (1.88%)

GOOG

Alphabet

$988.20

3.75 (0.38%)

GOOGL

Alphabet Class A

$1,005.07

3.23 (0.32%)

WMT

Wal-Mart

$88.24

0.8 (0.91%)

AMZN

Amazon.com

$982.91

-3.7 (-0.38%)

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    Mar

XLF

Financial Select Sector

$26.67

0.025 (0.09%)

11:20
10/23/17
10/23
11:20
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11:20
Options
Notable option play in SPDR Financial ETF Monday morning »

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11:20
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11:20
General news
Treasury announced a $45 B 4-week bill auction for Tuesday »

Treasury announced a $45…

$NSD

NASDAQ Market Internals

11:17
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11:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

11:16
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10/23
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Technical Analysis
NYSE market internals summary »

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PANW

Palo Alto Networks

$146.80

-2.81 (-1.88%)

11:15
10/23/17
10/23
11:15
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11:15
Options
Palo Alto Networks put volume heavy and directionally bearish »

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  • 11

    Dec

  • 11

    Dec

11:15
10/23/17
10/23
11:15
10/23/17
11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

11:15
10/23/17
10/23
11:15
10/23/17
11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

SINA

Sina

$110.48

-1.12 (-1.00%)

11:14
10/23/17
10/23
11:14
10/23/17
11:14
Hot Stocks
Aristeia says Glass Lewis endorses nominees for Sina board »

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  • 03

    Nov

JNJ

Johnson & Johnson

$143.95

1.5514 (1.09%)

11:13
10/23/17
10/23
11:13
10/23/17
11:13
Conference/Events
Johnson & Johnson management to meet with MKM Partners »

Meeting to be held in New…

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  • 23

    Oct

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  • 06

    Nov

SNY

Sanofi

$49.59

0.075 (0.15%)

, TKPYY

Takeda Pharmaceutical Co. Ltd.

$28.07

-0.15 (-0.53%)

11:11
10/23/17
10/23
11:11
10/23/17
11:11
Conference/Events
Worldwide Business Research to hold a summit »

BioNetwork Partnering…

SNY

Sanofi

$49.59

0.075 (0.15%)

TKPYY

Takeda Pharmaceutical Co. Ltd.

$28.07

-0.15 (-0.53%)

UNH

UnitedHealth

$207.31

-0.18 (-0.09%)

NVS

Novartis

$86.54

0.8 (0.93%)

HZNP

Horizon Pharma

$14.09

-0.05 (-0.35%)

ABBV

AbbVie

$95.55

-0.55 (-0.57%)

BAYRY

Bayer

$34.80

-0.41 (-1.16%)

MRK

Merck

$64.37

0.49 (0.77%)

RDHL

RedHill Biopharma

$9.25

0.47 (5.35%)

NBRV

Nabriva Therapeutics

$6.33

-0.31 (-4.67%)

PFE

Pfizer

$36.68

0.26 (0.71%)

TEVA

Teva

$14.70

-0.2 (-1.34%)

GILD

Gilead

$81.21

-0.38 (-0.47%)

ALXN

Alexion

$139.02

-1.44 (-1.03%)

GSK

GlaxoSmithKline

$40.76

-0.085 (-0.21%)

REGN

Regeneron

$432.98

-7.96 (-1.81%)

CELG

Celgene

$121.33

-14.63 (-10.76%)

LLY

Eli Lilly

$87.85

0.62 (0.71%)

AMGN

Amgen

$182.96

-1.16 (-0.63%)

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  • 23

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    May

CUB

Cubic

$54.75

1.7 (3.20%)

11:10
10/23/17
10/23
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11:10
Periodicals
MTA ready to roll out new payment system built by Cubic, NY Post reports »

The MTA is ready to roll…

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11:07
10/23/17
10/23
11:07
10/23/17
11:07
General news
4-Week Bill Announcement Offering Amount data reported »

4-Week Bill Announcement…

NTNX

Nutanix

$26.67

0.33 (1.25%)

11:05
10/23/17
10/23
11:05
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11:05
Options
Nutanix call volume above normal and directionally bullish »

Bullish option flow…

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11:05
10/23/17
10/23
11:05
10/23/17
11:05
General news
Euro$ interest rate futures are relatively steady »

Euro$ interest rate…

OPGN

OpGen

$0.37

-0.0014 (-0.38%)

11:01
10/23/17
10/23
11:01
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11:01
Hot Stocks
OpGen announces award of $860K CDC contract »

OpGen announced that it…

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PETS

PetMed Express

$36.74

0.87 (2.43%)

11:00
10/23/17
10/23
11:00
10/23/17
11:00
Recommendations
PetMed Express analyst commentary  »

PetMed Express target…

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  • 23

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EGO

Eldorado Gold

$1.79

-0.38 (-17.51%)

10:57
10/23/17
10/23
10:57
10/23/17
10:57
Downgrade
Eldorado Gold rating change  »

Eldorado Gold downgraded…

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  • 27

    Oct

TMUS

T-Mobile

$60.46

-1.05 (-1.71%)

, S

Sprint

$6.99

0.055 (0.79%)

10:55
10/23/17
10/23
10:55
10/23/17
10:55
Hot Stocks
T-Mobile adds 1.3M customers as Un-carrier remains mum on potential Sprint deal »

Shares of T-Mobile US…

TMUS

T-Mobile

$60.46

-1.05 (-1.71%)

S

Sprint

$6.99

0.055 (0.79%)

DTEGY

Deutsche Telekom

$18.06

-0.09 (-0.50%)

SFTBF

SoftBank

$88.50

1.25 (1.43%)

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  • 30

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  • 07

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    May

HAS

Hasbro

$98.19

1.52 (1.57%)

10:55
10/23/17
10/23
10:55
10/23/17
10:55
Options
Hasbro put volume heavy and directionally bearish »

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  • 23

    Oct

NWBI

Northwest Bancshares

$17.66

0.08 (0.46%)

10:52
10/23/17
10/23
10:52
10/23/17
10:52
Earnings
Northwest Bancshares reports Q3 EPS 24c, consensus 22c »

Net interest income…

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