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SQ

Square

$32.55

0.5465 (1.71%)

, CLDR

Cloudera

$15.72

-0.06 (-0.38%)

10:21
10/12/17
10/12
10:21
10/12/17
10:21

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Square (SQ) initiated with an Outperform at Oppenheimer. 2. Cloudera (CLDR) initiated with a Neutral at Mizuho. 3. Tesaro (TSRO) initiated with a Buy at H.C. Wainwright. 4. TechnipFMC (FTI) coverage transferred with a Market Perform at Raymond James. 5. Tactile Systems (TCMD) initiated with a Buy at Guggenheim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

SQ

Square

$32.55

0.5465 (1.71%)

CLDR

Cloudera

$15.72

-0.06 (-0.38%)

TSRO

Tesaro

$117.91

-0.31 (-0.26%)

FTI

TechnipFMC

$26.82

-0.45 (-1.65%)

TCMD

Tactile Systems

$30.99

-0.15 (-0.48%)

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    Oct

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    Oct

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    Nov

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    Nov

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    Nov

SQ Square
$32.55

0.5465 (1.71%)

10/11/17
OPCO
10/11/17
INITIATION
Target $35
OPCO
Outperform
Square initiated with an Outperform at Oppenheimer
Oppenheimer analyst Jed Kelly initiated Square with an Outperform and $35 price target saying he sees continued upside from execution on core initiates to expand into multiple revenue channels. The analyst believes Square's cohesive user experience is enabling the company to create a differentiated product that is in the early stages of utilizing its vast payment data to build an ecosystem for small businesses that can obtain products such as loans, marketing services, inventory management and ecommerce solutions.
09/13/17
09/13/17
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. Amazon.com (AMZN) initiated with a Buy at Loop Capital. 2. Square (SQ) initiated with an Overweight at Cantor. 3. Molson Coors (TAP) initiated with a Sell at Berenberg. 4. Build-A-Bear (BBW) initiated with a Buy at Jefferies. 5. Regis (RGS) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/13/17
CANT
09/13/17
INITIATION
Target $31
CANT
Overweight
Cantor starts Square with Overweight rating, $31 price target
Cantor Fitzgerald analyst Joseph Foresi last night initiated shares of Square with an Overweight rating and $31 price target. The analyst sees the company's increasing market penetration, end-user growth and improving margin profile driving multiple expansion. He notes the shares trade at a discount to PayPal (PYPL) and the group.
09/12/17
CANT
09/12/17
INITIATION
Target $31
CANT
Overweight
Square initiated with an Overweight at Cantor
Cantor initiated Square with an Overweight and a $31 price target.
CLDR Cloudera
$15.72

-0.06 (-0.38%)

10/11/17
MZHO
10/11/17
INITIATION
Target $18
MZHO
Neutral
Cloudera initiated with a Neutral at Mizuho
Mizuho analyst Abhey Lamba initiated Cloudera with a Neutral and $18 price target citing valuation.
05/24/17
BOFA
05/24/17
INITIATION
Target $23
BOFA
Neutral
Cloudera initiated with a Neutral at BofA/Merrill
BofA/Merrill initiated Cloudera with a Neutral and a $23 price target.
05/23/17
05/23/17
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. Cloudera (CLDR) was initiated with an Overweight at JPMorgan, a Buy at Stifel and Deutsche Bank, a Market Perform at JMP Securities, an Equal Weight at Morgan Stanley, and a Neutral at Citi. 2. Emerald Expositions Events (EEX) was initiated with an Outperform at RBC Capital, an Overweight at Barclays, a Buy at BofA/Merrill and Deutsche Bank, as well as a Neutral at Goldman Sachs, Credit Suisse, and Baird. 3. Zymeworks (ZYME) was initiated with an Outperform at Wells Fargo, an Overweight at Barclays, and a Buy at Canaccord. 4. Carvana (CVNA) was initiated with an Outperform at William Blair, JMP Securities, BMO Capital, Wells Fargo, and Baird, as well as a Buy at BofA/Merrill and Citi. 5. J.B. Hunt (JBHT) initiated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/23/17
JMPS
05/23/17
INITIATION
JMPS
Market Perform
Cloudera initiated with a Market Perform at JMP Securities
JMP Securities analyst Greg McDowell started coverage of Cloudera with a Market Perform rating, citing valuation.
TSRO Tesaro
$117.91

-0.31 (-0.26%)

09/11/17
MSCO
09/11/17
NO CHANGE
MSCO
Overweight
Tesaro, Clovis pressured as by IO synergy questions, says Morgan Stanley
Morgan Stanley analyst Andrew Berens noted selloffs on Friday in shares of both Tesaro (TSRO) and Clovis (CLVS), which he attributed to investors questioning their drug's synergies with IO after the TOPACIO trial data on Tesaro's Zejula raised questions about treatment duration. Also, some investors view the current response rates as raising questions about the utility of combination strategies, said Berens. However, he is encouraged that triple negative breast cancer patients with WT BRCA seemed to respond to Zejula, which he believes could open up a much larger breast cancer opportunity than is currently modeled. Berens has Overweight ratings on Tesaro and Clovis shares.
09/11/17
SBSH
09/11/17
NO CHANGE
Target $216
SBSH
Buy
Tesaro's early PD-1 data look promising, says Citi
Citi analyst Robyn Karnauskas says the early safety and preliminary efficacy data from Tesaro's PD-1 molecule, TSR-042, look promising and comparable to existing PD-1s. The drug showed early anti-tumor activity, in-line with expectations, Karnauskas tells investors in a research note. She believes, however, that investors are likely to wait for durable data from larger patient population before assigning value to TSR-042. The analyst keeps a Buy rating on Tesaro with a $216 price target.
09/14/17
RBCM
09/14/17
INITIATION
Target $120
RBCM
Sector Perform
Tesaro initiated with a Sector Perform at RBC Capital
RBC Capital analyst Kennen MacKay initiated Tesaro with a Sector Perform and a $120 price target. Lynparza's all-comers label and Rubraca's third-to-market stance complicates the company's position, and valuation is fair on a standalone basis, wrote the analysis.
10/12/17
HCWC
10/12/17
INITIATION
Target $158
HCWC
Buy
Tesaro initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Edward White started Tesaro with a Buy rating and $158 price target. Investors are not giving the company enough credit for the "impressive" Zejula launch in the U.S. and its potential in other indications, White tells investors in a research note.
FTI TechnipFMC
$26.82

-0.45 (-1.65%)

09/11/17
09/11/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: DowDuPont (DWDP) initiated with a Buy at BofA/Merrill and an Underweight at Barclays. 2. Brookfield Infrastructure (BIP) initiated with an Outperform at BMO Capital. 3. Micron (MU) initiated with an Outperform at FBN Securities. 4. TechnipFMC (FTI) initiated with a Hold at HSBC. 5. Thor Industries (THO) initiated with a Hold at Aegis. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/12/17
JPMS
09/12/17
NO CHANGE
JPMS
JPMorgan's fall playbook includes downgrades of Precision, Tetra
JPMorgan analyst Sean Meakim laid out his Fall 2017 playbook for the Oil Services & Equipment space and downgraded both Precision Drilling (PDS) and Tetra Technologies (TTM) to Neutral from Overweight. The analyst removed his price targets for both names. Both stocks, despite underperforming year-to-date, have few upside catalysts, Meakim tells investors in a research note. He notes Precision is now the most levered land driller in his coverage universe and that an "M&A bailout of the whole company" is unlikely for Tetra. Meakim's top picks in the sector are TechnipFMC (FTI) and Halliburton (HAL) among large caps and Core Laboratories (CLB), MRC Global (MRC) and ProPetro Holding (PUMP) among small- and mid-caps.
10/02/17
SBSH
10/02/17
UPGRADE
Target $35
SBSH
Buy
TechnipFMC upgraded to Buy from Neutral at Citi
Citi analyst Michael Alsford upgraded TechnipFMC to Buy saying the shares, close to his "bear-case valuation," offer a "compelling" risk/reward at current levels. The analyst raised his price target for the shares to $35 from $29.40.
10/12/17
RAJA
10/12/17
INITIATION
RAJA
Market Perform
TechnipFMC coverage transferred with a Market Perform at Raymond James
Raymond James transferred coverage on TechnipFMC to Jean-Pierre Dmirdjian who continues to rate shares a Market Perform.
TCMD Tactile Systems
$30.99

-0.15 (-0.48%)

09/18/17
BTIG
09/18/17
DOWNGRADE
BTIG
Neutral
Tactile Systems downgraded to Neutral from Buy at BTIG
BTIG analyst Sean Lavin downgraded Tactile Systems based on valuation. Target remains $35.
10/03/17
WBLR
10/03/17
NO CHANGE
WBLR
Outperform
Tactile Systems can grow sales 20%-30% for several years, says William Blair
William Blair analyst Margaret Kaczor left investor meetings with Tactile Systems CFO Lynn Blake encouraged by the potential impact that the company's multiple strategic initiatives could have on near- and long-term growth. Tactile can grow 20%-30% on the top line for the next several years, Kaczor tells investors in a research note. She's confident the company can meet or beat her estimates for 2017 and 2018 and calls the stock one of the most compelling names in her coverage list. The analyst keeps an Outperform rating on Tactile Systems.
10/12/17
GUGG
10/12/17
INITIATION
Target $47
GUGG
Buy
Tactile Systems initiated with a Buy at Guggenheim
Guggenheim analyst Christopher Pasquale initiated Tactile Systems with a Buy and $47 price target.
08/08/17
ADAM
08/08/17
NO CHANGE
Target $37
ADAM
Buy
Tactile Systems price target raised to $37 from $28 at Canaccord
Canaccord analyst Jason Mills raised his price target on Tactile Systems to $37 from $28 following Q2 results. The company represents a solid, fundamentally sound growth company with strong results that reflect the experienced management team's ability to execute, said Mills, who reiterated his Buy rating on Tactile shares.

TODAY'S FREE FLY STORIES

JPM

JPMorgan

$97.99

0.37 (0.38%)

18:12
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VZ

Verizon

$48.65

0.25 (0.52%)

18:10
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10/18
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Periodicals
Verizon targets spring start of delayed online TV service, Bloomberg says »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:04
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Steel Dynamics CEO optimistic conditions in place to benefit FY18 consumption »

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  • 19

    Oct

CE

Celanese

$104.03

-0.24 (-0.23%)

18:03
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18:03
Earnings
Celanese increases price for acetyls and engineered materials products »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:01
10/18/17
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18:01
Earnings
Steel Dynamics reports Q3 ex-items EPS 66c, consensus 66c »

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  • 19

    Oct

OPTT

Ocean Power

$2.00

0.56 (38.89%)

17:59
10/18/17
10/18
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17:59
Syndicate
Ocean Power files to sell common stock in 'best efforts' offering »

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  • 20

    Oct

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

, TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

17:58
10/18/17
10/18
17:58
10/18/17
17:58
Periodicals
Japan regulators probing Toshiba reporting practices for FY16/17, Nikkei says »

Japan's Securities…

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

03/08/13
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PNW

Pinnacle West

$87.34

-0.42 (-0.48%)

17:53
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Hot Stocks
Pinnacle West raises quarterly divided 6.1% to 69.5c per share »

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GILD

Gilead

$80.01

-0.23 (-0.29%)

17:46
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FDA grants regulatory approval to Kite's Yescarta »

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POT

Potash

$19.24

0.08 (0.42%)

, AGU

Agrium

$107.73

0.55 (0.51%)

17:37
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Potash, Agrium: India approves proposed merger of equals transaction »

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POT

Potash

$19.24

0.08 (0.42%)

AGU

Agrium

$107.73

0.55 (0.51%)

03/08/13
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03/06/13
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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
10/18/17
10/18
17:36
10/18/17
17:36
Earnings
Valmont lowers FY17 adjusted EPS view to $6.90-$7.04 from $7.06, consensus $7.09 »

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  • 19

    Oct

NVO

Novo Nordisk

$50.13

0.82 (1.66%)

17:36
10/18/17
10/18
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Hot Stocks
Novo Nordisk receives positive 16-0 vote from FDA Advisory Committe »

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  • 18

    Oct

CHFS

CHF Solutions

$8.30

-0.69 (-7.68%)

17:35
10/18/17
10/18
17:35
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17:35
Syndicate
Breaking Syndicate news story on CHF Solutions »

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  • 06

    Nov

VTGN

VistaGen Therapeutics

$1.31

0.04 (3.15%)

17:33
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Breaking Syndicate news story on VistaGen Therapeutics »

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LLNW

Limelight Networks

$4.48

0.12 (2.75%)

, URI

United Rentals

$144.32

0.98 (0.68%)

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On The Fly: After Hours Movers »

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LLNW

Limelight Networks

$4.48

0.12 (2.75%)

URI

United Rentals

$144.32

0.98 (0.68%)

KMI

Kinder Morgan

$18.58

-0.1 (-0.54%)

ADBE

Adobe

$153.00

2.62 (1.74%)

CNAT

Conatus

$5.15

0.05 (0.98%)

EBAY

eBay

$37.97

0.48 (1.28%)

HXL

Hexcel

$58.94

0.39 (0.67%)

CCI

Crown Castle

$100.96

-0.42 (-0.41%)

ESTE

Earthstone Energy

$10.54

-0.15 (-1.40%)

PEGI

Pattern Energy

RXDX

Ignyta

$16.25

1.9 (13.24%)

HCA

HCA Healthcare

$77.45

0.63 (0.82%)

KLAC

KLA-Tencor

$108.09

0.08 (0.07%)

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VMI

Valmont

$160.85

1.9 (1.20%)

17:31
10/18/17
10/18
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17:31
Earnings
Valmont reports Q3 adjusted EPS $1.56, consensus $1.61 »

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  • 19

    Oct

AGEN

Agenus

$4.71

0.04 (0.86%)

17:31
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10/18
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Syndicate
Breaking Syndicate news story on Agenus »

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  • 24

    Oct

PEGI

Pattern Energy

17:31
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Hot Stocks
Pattern Energy sees Q3 operating loss greater than Q316 »

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  • 19

    Oct

GE

General Electric

$23.12

-0.07 (-0.30%)

17:25
10/18/17
10/18
17:25
10/18/17
17:25
Periodicals
General Electric CEO cutting expenses, employees, WSJ reports »

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  • 20

    Oct

UNB

Union Bankshares

$47.10

-0.8 (-1.67%)

17:20
10/18/17
10/18
17:20
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17:20
Hot Stocks
Union Bankshares sees Q418 charge of $3.2M on plan termination »

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OIS

Oil States

$23.75

-0.2 (-0.84%)

17:19
10/18/17
10/18
17:19
10/18/17
17:19
Earnings
Oil States lowers Q3 revenue view to $164M from $165M-$185M, consensus $177.77M »

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:18
10/18/17
10/18
17:18
10/18/17
17:18
Hot Stocks
American Express says on track to cut $1B in costs by end of the year »

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  • 08

    Nov

OIS

Oil States

$23.75

-0.2 (-0.84%)

17:16
10/18/17
10/18
17:16
10/18/17
17:16
Hot Stocks
Breaking Hot Stocks news story on Oil States »

Oil States lowers Q3…

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:08
10/18/17
10/18
17:08
10/18/17
17:08
Hot Stocks
American Express says 'right time' for leadership transition »

Comments taken from Q3…

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    Nov

APRN

Blue Apron

$5.30

-0.08 (-1.49%)

17:06
10/18/17
10/18
17:06
10/18/17
17:06
Hot Stocks
Blue Apron to cut roughly 6% of total workforce, inclur roughly $3.5M in expense »

Blue Apron said in a…

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  • 02

    Nov

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