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RDS.A

Royal Dutch Shell

$62.03

0.31 (0.50%)

, HIBB

Hibbett Sports

$19.45

2.35 (13.74%)

10:49
11/21/17
11/21
10:49
11/21/17
10:49

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Royal Dutch Shell (RDS.A) downgraded to Hold from Buy at HSBC with analyst Gordon Gray citing valuation with the shares outperforming peers by 11% year-to-date. 2. Hibbett Sports (HIBB) downgraded to Underperform from Neutral at Buckingham with analyst Eric Tracy citing the company's better than feared earnings report and the stock's subsequent squeeze. 3. Alio (ALO) downgraded to Underperform from Outperform at Raymond James with analyst Tara Hassan citing reduced expectations for San Francisco production estimates and negative headlines in Guerrero that could weigh on shares near-term. 4. Southwestern Energy (SWN) downgraded to Neutral from Buy at Mizuho. 5. Teradyne (TER) downgraded to Hold from Buy at Deutsche Bank with analyst Sidney Ho citing valuation. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

RDS.A

Royal Dutch Shell

$62.03

0.31 (0.50%)

HIBB

Hibbett Sports

$19.45

2.35 (13.74%)

ALO

Alio

$3.24

-0.07 (-2.11%)

SWN

Southwestern Energy

$6.26

-0.005 (-0.08%)

TER

Teradyne

$44.09

-0.34 (-0.77%)

  • 28

    Nov

  • 29

    Nov

RDS.A Royal Dutch Shell
$62.03

0.31 (0.50%)

11/21/17
HSBC
11/21/17
DOWNGRADE
HSBC
Hold
Royal Dutch Shell downgraded to Hold from Buy at HSBC
HSBC analyst Gordon Gray downgraded Royal Dutch Shell to Hold citing valuation with the shares outperforming peers by 11% year-to-date. The analyst remains unconvinced of Shell's competitive advantages versus the peer group and has concerns over dividend payouts longer term. He keeps a 2,600p price target for the shares.
07/19/17
BERN
07/19/17
NO CHANGE
BERN
Worries about European LNG overdone, says Bernstein
Bernstein analyst Oswald Clint says that worries about the European LNG sector are overdone given strong demand and relatively low imports from the U.S. The analyst says that "Statoil (STO) and Shell (RDS.A) are the most exposed to European gas and LNG respectively." He keeps Outperform rating son both stocks.
10/03/17
MSCO
10/03/17
NO CHANGE
MSCO
Energy sector upgraded to 'Attractive' at Morgan Stanley
Morgan Stanley analysts led by Martijn Rats upgraded the Energy sector to "Attractive," saying they see increasingly clear signs that oil prices and production costs are near to finding a new equilibrium and that the sector's 6-year bear market is set to come to an end. Oil demand continues to grow well above historical trend rates and the downstream outlook is "outright strong," the team tells investors. In developed markets, the best positioned to benefit are downstream focused firms and high yielding majors, such as Shell (RDS.A), BP (BP) and Repsol (REPYY), the analysts said.
11/03/17
SOCG
11/03/17
DOWNGRADE
SOCG
Hold
Royal Dutch Shell downgraded to Hold from Buy at Societe Generale
Societe Generale downgraded Royal Dutch Shell to Hold citing valuation.
HIBB Hibbett Sports
$19.45

2.35 (13.74%)

10/27/17
SUSQ
10/27/17
NO CHANGE
SUSQ
Release of Under Armour's Curry 4 adult shoe delayed, says Susquehanna
Susquehanna analyst Sam Poser says the adult version of Under Armour's (UAA) Curry 4, which was scheduled for release today, will now be available on November 18. Online checks show Under Armour, Foot Locker (FL), Dick's Sporting Goods (DKS) and Hibbett Sports (HIBB) are selling the Curry 4 kid's shoe, but only offering pre-orders for the adult shoe, Poser tells investors in a research note. He attributes the delay to issues relating to Under Armour's SAP implementation and some last minute design changes. Retailers the analyst spoke to are unhappy with the delay concerned demand will now wane.
11/17/17
BARD
11/17/17
NO CHANGE
Target $16
BARD
Neutral
Hibbett Sports price target raised to $16 from $10 at Baird
Baird analyst Peter Benedict said he sees signs of traction in Hibbett Sports' Q3 report, pointing specifically to early success with e-commerce and positive October comparable sales. While noting the improved trends are encouraging, he also said the fact that operating income was down about 50% from the prior year is reflective of a still challenging environment. Benedict raised his price target on Hibbett to $16 from $10 but keeps a Neutral rating on the shares.
11/20/17
BMOC
11/20/17
NO CHANGE
Target $17
BMOC
Market Perform
Hibbett Sports price target raised to $17 from $10 at BMO Capital
BMO Capital analyst Wayne Hood raised his price target on Hibbett Sports (HIBB) to $17 after a Q3 earnings beat, saying notable inventory improvement along with more positive commentary in the Footlocker (FL) earnings call potentially suggest an industry tipping point. Hood is keeping his Market Perform rating on Hibbett Sports, saying that despite the diminishing concerns around SSS declines and inventories, the company will see continued incremental EBIT margin pressure as it plays catch-up in in e-commerce.
11/21/17
BUCK
11/21/17
DOWNGRADE
Target $13
BUCK
Underperform
Hibbett Sports downgraded to Underperform from Neutral at Buckingham
Buckingham analyst Eric Tracy downgraded Hibbett Sports to Underperform from Neutral following the company's better than feared earnings report and the stock's subsequent squeeze. The analyst, who thinks the structural headwinds facing Hibbett remain, raised his price target on the stock to $13 from $9.
ALO Alio
$3.24

-0.07 (-2.11%)

11/21/17
RAJA
11/21/17
DOWNGRADE
RAJA
Underperform
Alio downgraded to Underperform from Outperform at Raymond James
Raymond James analyst Tara Hassan downgraded Alio to Underperform from Outperform to reflect reduced expectations for San Francisco production estimates and negative headlines in Guerrero that could weigh on shares near-term.
SWN Southwestern Energy
$6.26

-0.005 (-0.08%)

03/23/17
STFL
03/23/17
INITIATION
STFL
Buy
Southwestern Energy initiated with a Buy at Stifel
Stifel analyst Karl Chalabala started coverage of Southwestern Energy with a $10 price target and a Buy rating. As reasons for the rating, the analyst cited valuation, his belief that the company will benefit disproportionately from a Gulf Coast gas shortage in 2018, and upcoming gas pricing gains. Target $10.
04/19/17
COWN
04/19/17
UPGRADE
Target $11
COWN
Outperform
Southwestern Energy upgraded to Outperform from Market Perform at Cowen
Cowen analyst Charles Robertson upgraded Southwestern Energy to Outperform and lowered its price target to $11 from $14 given its strong production growth outlook, year-to-date underperformance, insulation to service costs, and upside to ethane pricing.
09/20/17
WOLF
09/20/17
UPGRADE
WOLF
Peer Perform
Southwestern Energy upgraded to Peer Perform from Underperform at Wolfe
Wolfe Research upgraded Southwestern Energy to Peer Perform and raised its price target to $7 from $6 based on valuation, increasing probability of a Fayetteville divestiture, and a bottom in margins.
11/21/17
MZHO
11/21/17
DOWNGRADE
Target $8
MZHO
Neutral
Southwestern Energy downgraded to Neutral from Buy at Mizuho
Mizuho analyst Timothy Rezvan downgraded Southwestern Energy to Neutral and lowered his price target for the shares eto $8 from $9.
TER Teradyne
$44.09

-0.34 (-0.77%)

10/03/17
DADA
10/03/17
NO CHANGE
DADA
Outlook of Teradyne cobot business positive, says DA Davidson
After viewing some cobots at Teradyne's headquarters, DA Davidson analyst Thomas Diffely is "extremely bullish" about the business' outlook. He thinks that the business may account for 20% of its revenue in 2020, up from 7% today. As a result, he thinks the company's EPS could rise to $3 in 2020 , while its valuation multiple could increase. He keeps a $42 price target and a Buy rating on the shares.
10/27/17
EVER
10/27/17
DOWNGRADE
EVER
In Line
Teradyne downgraded to In Line from Outperform at Evercore ISI
Evercore ISI analyst CJ Muse downgraded Teradyne to In Line with a $40 price target citing valuation.
10/27/17
BARD
10/27/17
NO CHANGE
Target $48
BARD
Outperform
Teradyne price target raised to $48 from $37 at Baird
Baird analyst Richard Eastman raised his price target on Teradyne to $48 from $37 following solid Q3 results. The analyst said the growing collection of favorable ST market drivers, dynamic robotic growth, and potential cyclical wireless test recovery reinforces his positive view. Eastman reiterated his Outperform rating on Teradyne shares.
11/20/17
DBAB
11/20/17
DOWNGRADE
DBAB
Hold
Teradyne downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Sidney Ho downgraded Teradyne to Hold citing valuation. The analyst prefers to wait for a better entry point following the recent rise in the shares.

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HXL

Hexcel

$60.98

1.64 (2.76%)

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CTLT

Catalent

$39.54

-0.2 (-0.50%)

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TSM

TSMC

$39.30

-0.07 (-0.18%)

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Periodicals
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KR

Kroger

$26.33

-0.25 (-0.94%)

07:56
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Conference/Events
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ST

Sensata

$51.66

3.76 (7.85%)

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CTL

CenturyLink

$15.70

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$10.05

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FTR

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WIN

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UNM

Unum Group

$56.40

-0.25 (-0.44%)

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HON

Honeywell

$153.74

0.53 (0.35%)

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JLL

Jones Lang LaSalle

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AAPL

Apple

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AMTD

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VZ

Verizon

$53.19

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  • 13

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CRL

Charles River

$104.57

0.67 (0.64%)

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PAY

Verifone

$18.47

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FRED

Fred's

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NICE

Nice

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PM

Philip Morris

$107.30

1.26 (1.19%)

07:46
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