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FCX

Freeport McMoRan

$14.82

-0.4534 (-2.97%)

, ETP

Energy Transfer Partners

$18.26

-0.045 (-0.25%)

10:43
10/17/17
10/17
10:43
10/17/17
10:43

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Freeport McMoRan (FCX) downgraded to Sell from Hold at Deutsche Bank with analyst Chris Terry saying he sees an unfavorable risk/reward profile due to valuation and continued uncertainty at Grasberg. 2. Energy Transfer Partners (ETP) downgraded to Neutral from Buy at Goldman Sachs with analyst Theodore Durbin saying he sees a weaker distribution growth outlook and prefers Energy Transfer Equity (ETE) over Energy Transfer Partners. 3. Darden (DRI) downgraded to Hold from Buy at Argus with analyst John Staszak noting the company is not immune from weak conditions in the casual dining industry. 4. Blue Buffalo downgraded to Neutral from Overweight at JPMorgan analyst Ken Goldman saying he sees a more balanced risk/reward saying the company's sales into traditional channels may be weaker than he expected. 5. United Natural Foods (UNFI) downgraded to Underperform at RBC Capital with analyst Bill Kirk saying there is competitive contract risk from Amazon's (AMZN) acquisition of Whole Foods, as Amazon has the ability, incentive and precedent to decrease reliance United Natural Foods. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

FCX

Freeport McMoRan

$14.82

-0.4534 (-2.97%)

ETP

Energy Transfer Partners

$18.26

-0.045 (-0.25%)

DRI

Darden

$80.83

0.63 (0.79%)

BUFF

Blue Buffalo Pet Products

$29.12

0.1 (0.34%)

UNFI

United Natural Foods

$40.57

0.09 (0.22%)

  • 25

    Oct

  • 07

    Nov

FCX Freeport McMoRan
$14.82

-0.4534 (-2.97%)

10/17/17
DBAB
10/17/17
DOWNGRADE
DBAB
Sell
Freeport McMoRan downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank analyst Chris Terry downgraded Freeport McMoRan to Sell with an unchanged price target of $13. The analyst sees an unfavorable risk/reward profile due to valuation and continued uncertainty at Grasberg.
10/04/17
JEFF
10/04/17
NO CHANGE
Target $19
JEFF
Buy
Freeport target lowered to $19 on rising Grasberg risk at Jefferies
Jefferies analyst Christopher LaFemina lowered his price target for Freeport McMoRan to $19 from $23 saying he's oncerned that negotiations between the company and Indonesia regarding the sale of a majority stake in PT-FI to locals have become more contentious. The risk of the dispute going to arbitration has increased, LaFemina tells investors in a research note. The analyst, however, notes he's bullish on Freeport even if there is "significant value leakage" at Grasberg. He keeps a Buy rating on the shares.
09/25/17
MSCO
09/25/17
NO CHANGE
MSCO
Morgan Stanley raising price targets on Metals & Mining stocks
Morgan Stanley analyst Piyush Sood is "more constructive" in his outlook for base metals and met coal stocks and raised his price targets on Alcoa (AA) to $54 from $47, Freeport-McMoRan (FCX) to $10 from $8, Teck Resources (TECK) to $20 from $17, Newmont Mining (NEM) to $33 from $31, and Warrior Met Coal (HCC) to $22 from $17. Sood added that Alcoa remains his top pick. However, Sood lowered the price target of Cleveland-Cliffs (CLF) to $7 from $8.
09/15/17
CIBC
09/15/17
INITIATION
Target $18
CIBC
Outperformer
Freeport McMoRan initiated with an Outperformer at CIBC
CIBC initiated Freeport McMoRan with an Outperformer and an $18 price target.
ETP Energy Transfer Partners
$18.26

-0.045 (-0.25%)

10/17/17
GSCO
10/17/17
DOWNGRADE
Target $20
GSCO
Neutral
Energy Transfer Partners downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Theodore Durbin downgraded Energy Transfer Partners (ETP) to Neutral and lowered his price target for the shares to $20 from $25. The analyst sees a weaker distribution growth outlook and prefers Energy Transfer Equity (ETE) over Energy Transfer Partners. He believes Energy Transfer Equity is better positioned to grow free cash flow and drive above average distribution growth. The analyst this morning upgraded Energy Transfer Equity to Buy.
05/19/17
RBCM
05/19/17
DOWNGRADE
Target $20
RBCM
Sector Perform
PennTex downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Elvira Scotto downgraded PennTex Midstream Partners (PTXP) to Sector Perform from Outperform and raised her price target to $20 from $19 to account for Energy Transfer Partners' (ETP) tender offer to purchase all of the outstanding common units.
05/12/17
WOLF
05/12/17
INITIATION
Target $25
WOLF
Peer Perform
Energy Transfer Partners initiated with a Peer Perform at Wolfe Research
Wolfe Research initiated Energy Transfer Partners with a Peer Perform and a $25 price target.
10/17/17
10/17/17
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. Biogen (BIIB) upgraded to Buy from Neutral at Mizuho with analyst Thomas Shrader saying he likes what he sees at Biogen again. 2. Prudential (PRU) upgraded to Buy from Neutral at Citi with analyst Suneet Kamath saying Prudential's current valuation does not give the company enough credit for the quality of its business mix. 3. Chevron (CVX) upgraded to Outperform from Neutral at Macquarie with analyst Iain Reid saying cost reduction efforts and new production volumes driving outstanding free cash generation, which should cover capex and the dividend at an oil price below $40/bbl from 2018 onward. 4. Energy Transfer Equity (ETE) upgraded to Buy from Neutral at Goldman Sachs with analyst Theodore Durbin saying he expects Energy Transfer Equity's above average distribution growth to be driven by an improving free cash flow profile. 5. Emerson (EMR) was upgraded to Outperform from Market Perform at Cowen and to Buy from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DRI Darden
$80.83

0.63 (0.79%)

10/13/17
LBOW
10/13/17
INITIATION
LBOW
Neutral
Darden initiated with a Neutral at Longbow
Longbow analyst Alton Stump initiated Darden with a Neutral saying its a solid story but shares are fairly valued.
10/02/17
STFL
10/02/17
INITIATION
Target $92
STFL
Buy
Darden resumed coverage with a Buy at Stifel
Stifel analyst Chris O'Cull resumed coverage of Darden with a Buy rating and $92 price target.
10/17/17
ARGS
10/17/17
DOWNGRADE
ARGS
Hold
Darden downgraded to Hold from Buy at Argus
10/17/17
ARGS
10/17/17
DOWNGRADE
ARGS
Hold
Darden downgraded to Hold on decelerating comps at Argus
As previously reported, Argus analyst John Staszak downgraded Darden to Hold from Buy, noting the company is not immune from weak conditions in the casual dining industry. Staszak says that given the slowdown in Olive Garden takeout orders, Darden will have to rely more on in-store sales to drive higher SSS. The analyst also notes an absence of offsetting gains in the company's other chains, forecasting diminished performance relative to peers in the coming quarters.
BUFF Blue Buffalo Pet Products
$29.12

0.1 (0.34%)

09/27/17
OPCO
09/27/17
NO CHANGE
Target $32
OPCO
Outperform
Blue Buffalo Pet Products price target raised to $32 from $25 at Oppenheimer
Oppenheimer analyst Rupesh Parikh raised his price target for Blue Buffalo Pet Products to $32 from $25 as he is increasingly confident the company can deliver at least high single digit top-line growth and double-digit EBITDA growth going forward, in a growth starved CPG space. The analyst reiterates an Outperform rating on the shares.
09/15/17
SBSH
09/15/17
NO CHANGE
Target $33
SBSH
Buy
Blue Buffalo grocery launch could add $2.8B in sales, says Citi
Citi analyst David Driscoll says that in his "blue sky scenario," the traditional mass and grocery channel opportunity for Blue Buffalo Pet Products could potentially add $2.8B of revenue. This assumes Blue obtaining a 10% volume share in the channel, which the analyst thinks is "not unreasonable." He notes that the company remains his top pick in U.S. Food with a Buy rating and $33 price target.
09/14/17
BERN
09/14/17
INITIATION
Target $29
BERN
Market Perform
Blue Buffalo Pet Products initiated with a Market Perform at Bernstein
Bernstein analyst Alexia Howard started Blue Buffalo Pet Products with a Market Perform rating and $29 price target. Although the analyst believes the medium and long-term outlook for the company is "very rosy," there is some near-term uncertainty about how pet superstores may react to last month's news that the company would be rolling out part of its line to four retailers in the food, drug and mass channel.
10/17/17
JPMS
10/17/17
DOWNGRADE
JPMS
Neutral
Blue Buffalo downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Ken Goldman downgraded Blue Buffalo Pet Products to Neutral and removed the stock from his firm's Analyst Focus List. The analyst sees a more balanced risk/reward saying the company's sales into traditional channels may be weaker than he expected.
UNFI United Natural Foods
$40.57

0.09 (0.22%)

09/28/17
LEHM
09/28/17
NO CHANGE
LEHM
Underweight
United Natural report suggests more risk with Whole Foods deal, says Barclays
Barclays analyst Karen Short points to changes in the language in certain United Natural Foods (UNFI) statements in its recently filed annual report as an indication that there may be greater risk to the company's relationship with its largest customer, Whole Foods, which has been acquired by Amazon (AMZN). The analyst maintains her Underweight rating on United Natural Foods.
10/16/17
SUSQ
10/16/17
INITIATION
Target $43
SUSQ
Neutral
United Natural Foods initiated with a Neutral at Susquehanna
Susquehanna initiated United Natural Foods with a Neutral and $43 price target.
10/17/17
RBCM
10/17/17
DOWNGRADE
RBCM
Underperform
United Natural Foods downgraded to Underperform at RBC Capital
10/17/17
RBCM
10/17/17
DOWNGRADE
Target $34
RBCM
Underperform
United Natural Foods downgraded to Underperform at RBC Capital on contract risk
As previously noted, RBC Capital analyst Bill Kirk downgraded United Natural Foods (UNFI) to Underperform from Sector Perform and cut his price target to $34 from $36. Kirk notes that there is competitive contract risk from Amazon's (AMZN) acquisition of Whole Foods, as Amazon has the ability, incentive and precedent to decrease reliance United Natural Foods. Kirk adds there is also continued pressure in other channels.

TODAY'S FREE FLY STORIES

MAC

Macerich

$63.61

0.075 (0.12%)

09:59
11/22/17
11/22
09:59
11/22/17
09:59
Rumors
Rumor moving shares of Macerich »

Rumor: Macerich strength…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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KBR

KBR

$19.19

0.3402 (1.80%)

, FLR

Fluor

$47.67

0.11 (0.23%)

09:55
11/22/17
11/22
09:55
11/22/17
09:55
Periodicals
KBR takeover potential speculation floated by blog »

Shares of KBR (KBR) are…

KBR

KBR

$19.19

0.3402 (1.80%)

FLR

Fluor

$47.67

0.11 (0.23%)

APO

Apollo Global

$30.27

0.1094 (0.36%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
Barclays

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  • 28

    Nov

SIG

Signet Jewelers

$54.48

1.69 (3.20%)

, FTR

Frontier Communications

$7.08

-0.15 (-2.07%)

09:55
11/22/17
11/22
09:55
11/22/17
09:55
Options
Early notable gainers among liquid option names on November 22nd »

Notable gainers among…

SIG

Signet Jewelers

$54.48

1.69 (3.20%)

FTR

Frontier Communications

$7.08

-0.15 (-2.07%)

BBBY

Bed Bath & Beyond

$20.27

-0.59 (-2.83%)

RRC

Range Resources

$17.56

0.38 (2.21%)

M

Macy's

$20.63

0.2113 (1.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 07

    Dec

  • 08

    Dec

  • 20

    Dec

  • 18

    Mar

09:55
11/22/17
11/22
09:55
11/22/17
09:55
General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

T

AT&T

$34.25

-0.08 (-0.23%)

, TWX

Time Warner

$89.74

0.18 (0.20%)

09:53
11/22/17
11/22
09:53
11/22/17
09:53
Conference/Events
FBN Securities strategist to hold an analyst/industry conference call »

FBN Securities…

T

AT&T

$34.25

-0.08 (-0.23%)

TWX

Time Warner

$89.74

0.18 (0.20%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 29

    Nov

CUB

Cubic

$62.00

1.25 (2.06%)

09:52
11/22/17
11/22
09:52
11/22/17
09:52
Technical Analysis
Technical View: Cubic up on mobile ticketing contract win for Rhein-Sieg area »

The stock was last up…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Nov

SAN

Banco Santander

$6.49

0.09 (1.41%)

09:50
11/22/17
11/22
09:50
11/22/17
09:50
Options
Santander Mar 7 calls active at the opening bell Wednesday »

Santander Mar 7 calls…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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XXII

22nd Century

$2.31

-0.0094 (-0.41%)

09:46
11/22/17
11/22
09:46
11/22/17
09:46
Hot Stocks
22nd Century to discontinue U.S. sales of RED SUN brand cigarettes »

22nd Century Group…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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09:45
11/22/17
11/22
09:45
11/22/17
09:45
General news
Consumer Sentiment Index to be reported at 10:00 »

Consumer Sentiment Index…

SAN

Banco Santander

, GME

GameStop

09:40
11/22/17
11/22
09:40
11/22/17
09:40
Options
Unusually active option classes on open November 22nd »

Unusual total active…

SAN

Banco Santander

GME

GameStop

HPE

HP Enterprise

HPQ

HP Inc.

CRM

Salesforce

SWKS

Skyworks

$110.25

0.46 (0.42%)

LRCX

Lam Research

$218.91

3.81 (1.77%)

SBUX

Starbucks

$57.26

0.45 (0.79%)

BIDU

Baidu

$244.30

5.76 (2.41%)

AMAT

Applied Materials

$58.80

1.18 (2.05%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 27

    Nov

  • 27

    Nov

  • 28

    Nov

  • 28

    Nov

  • 29

    Nov

  • 11

    Dec

  • 25

    Jan

XLE

Energy Select Sector SPDR

09:40
11/22/17
11/22
09:40
11/22/17
09:40
Technical Analysis
Technical View: Energy Select Sector SPDR leads index on the upside »

The Energy Select Sector…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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LOW

Lowe's

, HD

Home Depot

09:37
11/22/17
11/22
09:37
11/22/17
09:37
Recommendations
Lowe's, Home Depot analyst commentary  »

Lowe's price target…

LOW

Lowe's

HD

Home Depot

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 20

    Feb

09:35
11/22/17
11/22
09:35
11/22/17
09:35
General news
U. Michigan sentiment preview: »

U. Michigan sentiment…

CHFS

CHF Solutions

$7.88

-0.24 (-2.96%)

09:31
11/22/17
11/22
09:31
11/22/17
09:31
Syndicate
CHF Solutions announces $18M public offering »

CHF Solutions announced…

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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MTL

Mechel

09:31
11/22/17
11/22
09:31
11/22/17
09:31
Hot Stocks
Mechel announces reversal of Court decision »

Mechel reports a court…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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09:30
11/22/17
11/22
09:30
11/22/17
09:30
General news
The U.S. durables report undershot estimates »

The U.S. durables report…

09:30
11/22/17
11/22
09:30
11/22/17
09:30
General news
Breaking General news story  »

Week of 11/19 Bloomberg…

SNPS

Synopsys

$89.38

0.48 (0.54%)

09:29
11/22/17
11/22
09:29
11/22/17
09:29
Recommendations
Synopsys analyst commentary  »

Synopsys price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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AQUA

Evoqua Water

09:26
11/22/17
11/22
09:26
11/22/17
09:26
Hot Stocks
Evoqua Water names Dan Brailer head of investor relations »

Evoqua Water announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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ROK

Rockwell Automation

, EMR

Emerson

09:26
11/22/17
11/22
09:26
11/22/17
09:26
Recommendations
Rockwell Automation, Emerson analyst commentary  »

Latest Rockwell rebuff…

ROK

Rockwell Automation

EMR

Emerson

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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09:25
11/22/17
11/22
09:25
11/22/17
09:25
General news
Fed funds futures are slightly firmer toward the back end of the curve »

Fed funds futures are…

PBYI

Puma Biotechnology

$104.90

0.85 (0.82%)

09:24
11/22/17
11/22
09:24
11/22/17
09:24
Hot Stocks
Puma Biotechnology, Specialised Therapeutics Asia enter licensing agreement »

Puma Biotechnology and…

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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HPE

HP Enterprise

09:22
11/22/17
11/22
09:22
11/22/17
09:22
Hot Stocks
Whitman 'definitively' says not running for President or any other office »

Meg Whitman, speaking in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 27

    Nov

  • 11

    Dec

PG

Procter & Gamble

09:22
11/22/17
11/22
09:22
11/22/17
09:22
Hot Stocks
Trian comments on Procter & Gamble's contest to voting tabulation »

Trian Fund Management,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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DE

Deere

, SFL

Ship Finance

09:22
11/22/17
11/22
09:22
11/22/17
09:22
Hot Stocks
On The Fly: Pre-market Movers »

UP AFTER EARNINGS: Deere…

DE

Deere

SFL

Ship Finance

EMR

Emerson

ROK

Rockwell Automation

FRO

Frontline

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 22

    Nov

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    Nov

  • 28

    Nov

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