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CVS

CVS Health

$70.41

1.39 (2.01%)

, KSS

Kohl's

$42.66

1.49 (3.62%)

10:23
11/10/17
11/10
10:23
11/10/17
10:23

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. CVS Health (CVS) upgraded to Buy from Hold at Needham with analyst Kevin Caliendo saying the stock's risk/reward is favorable, especially if CVS is able to consummate the reported merger with Aetna (AET). 2. Kohl's (KSS) upgraded to Outperform from Neutral at Baird with analyst Mark Altschwager saying Kohl's improving product portfolio and strong loyalty position the company for the holiday season, while cost savings and inventory reductions provide free-cash-flow visibility near-term. 3. Fiat Chrysler (FCAU) upgraded to Neutral from Sell at Citi. 4. Comcast (CMCSA) upgraded to Action List Buy from Buy at TD Securities. 5. Hyatt (H) upgraded to Buy from Hold at Berenberg with analyst Stuart Gordon saying the potential returns from the company's real estate disposals are being underappreciated. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

CVS

CVS Health

$70.41

1.39 (2.01%)

KSS

Kohl's

$42.66

1.49 (3.62%)

FCAU

Fiat Chrysler

$17.22

0.11 (0.64%)

CMCSA

Comcast

$36.56

0.35 (0.97%)

H

Hyatt

$69.61

0.41 (0.59%)

  • 30

    Nov

  • 12

    Dec

  • 09

    Nov

CVS CVS Health
$70.41

1.39 (2.01%)

11/10/17
NEED
11/10/17
UPGRADE
Target $79
NEED
Buy
Needham upgrades CVS to Buy despite potential Amazon threat
Needham analyst Kevin Caliendo upgraded CVS Health (CVS) to Buy from Hold with a $79 price target. The healthcare company closed yesterday up 3c to $69.02. The stock's risk/reward is favorable, especially if CVS is able to consummate the reported merger with Aetna (AET), Caliendo tells investors in a research note. The analyst puts a better than 50/50 chance of Amazon (AMZN) entering the pharmacy market, and sees CVS shares trading down to 9-10 times earnings in a worst case scenario. His best-case scenario has Amazon putting off a decision on pharmacy and CVS buying Aetna. Caliendo thinks CVS' multiple could expand to 14 times or more under his best case.
11/10/17
NEED
11/10/17
UPGRADE
NEED
Buy
CVS Health upgraded to Buy from Hold at Needham
11/07/17
JEFF
11/07/17
NO CHANGE
Target $76
JEFF
Buy
Jefferies not seeing multiple expansion for CVS until concerns dissipate
While the stock has come down significantly, overhangs on CVS Health will likely prevent meaningful share upside in the near-term, Jefferies analyst Brian Tanquilut tells investors in a post-earnings research note. He lowered his price target for the shares to $76 from $86 following the company's Q3 results and keeps a Hold rating on the name. Investors seem focused on a potential acquisition of Aetna (AET) and continued risk from Amazon.com (AMZN), Tanquilut contends. He believes these two concerns needs to dissipate before CVS Health's multiple expands.
11/07/17
LEER
11/07/17
NO CHANGE
Target $85
LEER
Outperform
CVS Health price target lowered to $85 from $90 at Leerink
Leerink analyst David Larsen lowered his price target for CVS Health (CVS) to $85 from $90, while noting that he is disappointed that retail gross margins contracted again on a year over year basis and expects reimbursement rates to remain a headwind through next year. Nonetheless, the analyst notes that CVS seems to be taking the Amazon (AMZN) threat seriously. He reiterates an Outperform rating on CVS shares.
KSS Kohl's
$42.66

1.49 (3.62%)

11/10/17
BARD
11/10/17
UPGRADE
Target $47
BARD
Outperform
Kohl's upgraded to Outperform at Baird
As reported ealrier, Baird upgraded Kohl's (KSS) to Outperform from Neutral and increased its price target to $47 from $46. Analyst Mark Altschwager said Kohl's improving product portfolio and strong loyalty position the company for the holiday season, while cost savings and inventory reductions provide free-cash-flow visibility near-term. The analyst notes most of Kohl's stores are in strip/freestanding locations that provide close and convenient physcial locations enabling omni-channel experiences that ecommerce models and mall based retailers can't offer, illustrated by Amazon's (AMZN) partnership with Kohl's. Additionally, Altschwager expects Q3 comp pressures to abate Q4 and for traffic/comps to stabilize.
11/10/17
BARD
11/10/17
UPGRADE
BARD
Outperform
Kohl's upgraded to Outperform from Neutral at Baird
11/09/17
11/09/17
UPGRADE
Target $44

Accumulate
Kohl's upgraded to Accumulate at Gordon Haskett
As previously reported, Gordon Haskett analyst Chuck Grom upgraded Kohl's to Accumulate from Hold and raised his price target on the stock to $44 following the company's Q3 earnings report, contending that its same-store sales are set to improve and sentiment on the retail group should rebound.
11/09/17
GDHS
11/09/17
UPGRADE
GDHS
Accumulate
Kohl's upgraded to Accumulate from Hold at Gordon Haskett
FCAU Fiat Chrysler
$17.22

0.11 (0.64%)

09/06/17
LEHM
09/06/17
UPGRADE
LEHM
Overweight
Fiat Chrysler upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Brian Johnson upgraded Fiat Chrysler to Overweight and raised his price target for the shares to EUR 18 from EUR 13. The analyst likes both the strategic options and the operating story at Fiat. He believes CEO Sergio Marchionne, with 18 months left in his tenure, is open to a range of options to unlock shareholder value. Further, "at a minmum," the analyst sees Fiat coming closer to the 2018 targets than does consensus.
11/10/17
SBSH
11/10/17
UPGRADE
SBSH
Neutral
Fiat Chrysler upgraded to Neutral from Sell at Citi
Citi analyst Mike Tyndall upgraded Fiat Chrysler to Neutral and raised his price target for the shares to EUR 15.60 from EUR 11.30.
09/14/17
EVER
09/14/17
NO CHANGE
EVER
Outperform
Fiat Chrysler liklely to spinout certain businesses, says Evercore ISI
Evercore ISI analyst George Galliers said its high probability Fiat Chrysler spins-out or sells certain components businesses, most likely Magneti Marelli and Comau units. The analyst said CEO Marchonne has made comments that the components businesses do not belong and notes his history of unlocking shareholder value through M&A. Galliers expects actions before Marchonne's retirement at the end of 2018. The analyst rates shares an Outperform and increased his price target to EURO$17.00 from EURO$12.00.
09/18/17
MSCO
09/18/17
NO CHANGE
MSCO
Underweight
Ford's new leaders may be better positioned for Waymo deal, says Morgan Stanley
Morgan Stanley analyst Adam Jonas previewed Ford's (F) strategic update scheduled for October 3, calling it an important event that could have a potentially significant impact on the perception of the company's long-term direction. Noting prior media reports about talks between Ford and Google (GOOG) on autonomous cars that reportedly fell apart in 2016, Jonas opined that Ford's new leadership may be better positioned to potentially negotiate a partnership with Alphabet's autonomous car division Waymo, but he noted that the companies have not said whether they are currently considering a deal. Ford may not have the same type of brands as Fiat Chrysler (FCAU) that are conducive to potential carve-outs, but Jonas would not exclude the potential for it to conduct a review of its portfolio as part of its strategy to become a mobility company, he added.
CMCSA Comcast
$36.56

0.35 (0.97%)

10/23/17
WELS
10/23/17
NO CHANGE
Target $49
WELS
Outperform
Comcast video losses do not warrant big selloff, says Wells Fargo
Wells Fargo analyst Marci Ryvicker reiterates an Outperform rating and $49 price target on Comcast as she believes video losses do not warrant this big of a selloff. While the analyst understands that the story here has somewhat changed, with Comcast now losing video subscriptions after having gained for about a year, she feels that the level of punishment the stock0 has taken is "massively overdone."
10/30/17
OTRG
10/30/17
DOWNGRADE
OTRG
Mixed
Comcast downgraded to Mixed from Positive at OTR Global
11/10/17
COWN
11/10/17
NO CHANGE
Target $30
COWN
Outperform
Court win versus Comcast could lift TiVo shares $6, says Cowen
Cowen analyst Robert Stone noted the FTC has extended its target date for completion of the TiVo (TIVO) and Comcast (CMCSA) investigation to November 16. The analyst believes TiVo will prevail and he believes a win could add $6 to its current valuation. Stone also believes Tivo remains significantly undervalued and he reiterated his Outperform rating and $30 price target on TiVo shares.
11/10/17
TDSI
11/10/17
UPGRADE
TDSI
Action List Buy
Comcast upgraded to Action List Buy from Buy at TD Securities
H Hyatt
$69.61

0.41 (0.59%)

11/10/17
BREN
11/10/17
UPGRADE
BREN
Buy
Hyatt upgraded to Buy from Hold at Berenberg
Berenberg analyst Stuart Gordon upgraded Hyatt to Buy.
11/10/17
MSCO
11/10/17
NO CHANGE
MSCO
Slowing Airbnb adoption a positive for hotels, says Morgan Stanley
A team of Morgan Stanley analysts led by Brian Nowak said the firm's latest AlphaWise survey indicated that Airbnb adoption has slowed in the U.S. and EU, which is making them a bit more bullish on the lodging space. Given the survey findings, the firm is raising its 2018 and 2019 EBITDA estimates for the group by 0.4% and 1.5%, respectively, on average, and raised its price targets on Hilton (HTL), Marriott (MAR), Hyatt (H) and Choice Hotels (CHH). Other lodging companies covered by Morgan Stanley and mentioned in the note include La Quinta (LQ) and Extended Stay America (STAY), though the price targets on both of those Equal Weight rated names were maintained.
11/10/17
BREN
11/10/17
UPGRADE
Target $78
BREN
Buy
Hyatt upgraded to Buy on asset recycling at Berenberg
Berenberg analyst Stuart Gordon upgraded Hyatt Hotels to Buy from Hold and raised his price target for the shares to $78 from $60. The potential returns from the company's real estate disposals are being underappreciated, Gordon tells investors in a research note. He believes asset recycling could drive $1.9B of shareholder returns.
11/06/17
11/06/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Weatherford (WFT) downgraded to Neutral from Buy at Citi with analyst Scott Gruber saying the company's turnaround is going to take time and the ending remains uncertain. 2. Hyatt (H) downgraded to Neutral from Buy at B. Riley FBR with analyst Bryan Maher citing valuation following the stock's recent rally. 3. Sprint (S) downgraded to Underweight from Sector Weight at KeyBanc with analyst Brandon Nispel saying competitive intensity in the wireless industry will likely increase now that the company could not reach a merger agreement with T-Mobile (TMUS). 4. Goldman Sachs (GS) downgraded to Sell from Hold at Vertical Group with analyst Richard Bove saying "more earnings issues may surface" as the company continues to pursue its traditional business model when it is evident it is no longer relevant. 5. Hilton (HLT) downgraded to Market Perform from Outperform at Wells Fargo with analyst Jeffrey Donnelly citing the stock's "premium valuation" and a lack of visible catalysts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
11/18/17
11/18
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04:55
Conference/Events
Synaptics management to meet with KeyBanc »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
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Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

S&P Dow Jones Indices…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
11/17/17
11/17
18:01
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Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
11/17/17
11/17
17:58
11/17/17
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Hot Stocks
Tactile Systems to replace Lumos Networks in S&P 600 at open on 11/22 »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

03/08/13
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03/06/13
Citigroup
03/06/13
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  • 28

    Nov

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

17:56
11/17/17
11/17
17:56
11/17/17
17:56
Hot Stocks
Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

Invesco Mortgage to…

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
11/17/17
11/17
17:55
11/17/17
17:55
Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

S&P 500 constituent…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

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

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  • 06

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
11/17/17
11/17
17:24
11/17/17
17:24
Syndicate
Breaking Syndicate news story on UQM Technologies »

UQM Technologies files to…

03/08/13
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03/06/13
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03/06/13
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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
11/17/17
11/17
17:23
11/17/17
17:23
Periodicals
Goldman Sachs has $510M lawsuit dismissed, Reuters reports »

A $510M lawsuit that…

03/08/13
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03/06/13
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03/06/13
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VICL

Vical

$1.94

-0.02 (-1.02%)

17:18
11/17/17
11/17
17:18
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17:18
Hot Stocks
Breaking Hot Stocks news story on Vical »

Biotechnology Value Fund…

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
11/17/17
11/17
17:18
11/17/17
17:18
Hot Stocks
Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
11/17/17
11/17
17:17
11/17/17
17:17
Hot Stocks
Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
11/17/17
11/17
17:17
11/17/17
17:17
Hot Stocks
Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

17:15
11/17/17
11/17
17:15
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Hot Stocks
Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

17:03
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17:03
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Breaking Hot Stocks news story on Rubicon »

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ANCB

Anchor Bancorp

$24.75

-0.1 (-0.40%)

17:02
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Hot Stocks
Anchor Bancorp announces stock repurchase program, 10b5-1 trading plan »

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GIFI

Gulf Island Fabrication

$12.30

-0.1 (-0.81%)

16:58
11/17/17
11/17
16:58
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16:58
Syndicate
Breaking Syndicate news story on Gulf Island Fabrication »

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MPB

Mid Penn Bancorp

$31.09

0.59 (1.93%)

16:51
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Mid Penn Bancorp, Scottdale shareholders approve merger »

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CALD

Callidus Software

$28.95

0.3 (1.05%)

16:49
11/17/17
11/17
16:49
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16:49
Initiation
Callidus Software initiated at First Analysis »

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GIFI

Gulf Island Fabrication

$12.30

-0.1 (-0.81%)

16:46
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Breaking Hot Stocks news story on Gulf Island Fabrication »

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GE

General Electric

$18.21

-0.04 (-0.22%)

16:42
11/17/17
11/17
16:42
11/17/17
16:42
Hot Stocks
General Electric CEO acquires 60,000 common shares »

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NRE

Northstar Realty Europe

$14.20

0.05 (0.35%)

16:33
11/17/17
11/17
16:33
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16:33
Syndicate
Breaking Syndicate news story on Northstar Realty Europe »

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FHN

First Horizon

$18.40

0.1 (0.55%)

, CBF

Capital Bank

$39.95

0.25 (0.63%)

16:33
11/17/17
11/17
16:33
11/17/17
16:33
Hot Stocks
First Horizon, Capital Bank agree to sell two branches to Apex Bank »

First Horizon (FHN) and…

FHN

First Horizon

$18.40

0.1 (0.55%)

CBF

Capital Bank

$39.95

0.25 (0.63%)

03/08/13
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03/06/13
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LII

Lennox

$194.25

-0.75 (-0.38%)

16:32
11/17/17
11/17
16:32
11/17/17
16:32
Hot Stocks
Lennox executive sells 2,500 common shares »

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  • 28

    Nov

TBNK

Territorial Bancorp

$30.99

0.21 (0.68%)

16:31
11/17/17
11/17
16:31
11/17/17
16:31
Hot Stocks
Territorial Bancorp declares special cash dividend of 30c per share »

Payable on December 20.…

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TRTN

Triton International

$40.07

-0.77 (-1.89%)

16:30
11/17/17
11/17
16:30
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16:30
Hot Stocks
Triton International's Hanau sells 10,000 common shares »

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