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MYL

Mylan

$36.53

-0.33 (-0.90%)

, RRC

Range Resources

$18.40

0.38 (2.11%)

09:55
12/01/17
12/01
09:55
12/01/17
09:55

Early notable gainers among liquid option names on December 1st

Notable gainers among liquid option names this morning include Mylan (MYL) $37.94 +1.41, Range Resources (RRC) $18.71 +0.69, Hess Corp. (HES) $47.58 +1.68, Murphy Oil (MUR) $28.86 +0.92, and Apache (APA) $43.13 +1.31.

MYL

Mylan

$36.53

-0.33 (-0.90%)

RRC

Range Resources

$18.40

0.38 (2.11%)

HES

Hess Corp.

$46.89

1.01 (2.20%)

MUR

Murphy Oil

$28.35

0.4 (1.43%)

APA

Apache

$42.57

0.74 (1.77%)

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    May

MYL Mylan
$36.53

-0.33 (-0.90%)

12/01/17
WELS
12/01/17
NO CHANGE
Target $1525
WELS
Outperform
Amazon price target raised to $1,525 from $1,430 at Wells Fargo
Wells Fargo analyst Ken Sena raised his price target for Amazon.com (AMZN) to $1,525 to reflect increased outer-year estimates for Web Services as well as a higher sum-of-the-parts valuation. The stock closed yesterday up $15.48 to $1,176.75. The analyst highlights the "very successful" five-day Amazon Wed Services conference in Las Vegas, "record-breaking" early holiday sales data, and another healthcare industry development with CNBC reporting the company is in talks with generic manufacturers Mylan (MYL) and Novartis (NVS). Sena sees an increasing likelihood that Amazon "ultimately becomes a disruptor" in healthcare, with generics representing a potential point of entry. The Wells Fargo Healthcare team sees generics as a "simple entry point" in pharma as it involves many players with ready supply and a price competitive market, Sena tells investors in a research note. The analyst keeps an Outperform rating on Amazon.
11/07/17
SUSQ
11/07/17
NO CHANGE
Target $47
SUSQ
Positive
Mylan positioned to deliver near-term growth, says Susquehanna
Susquehanna analyst Andrew Finkelstein believes Mylan is favorably positioned relative to peers to deliver near-term growth despite headwinds while advancing a long-term strategy. He said the shares warrant a premium to traditional peers who face tougher growth challenges. Finkelstein reiterated his Positive rating and raised his price target to $47 from $43 on Mylan.
11/07/17
RBCM
11/07/17
NO CHANGE
Target $37
RBCM
Sector Perform
Mylan price target raised to $37 from $32 at RBC Capital
RBC Capital analyst Randall Stanicky raised his price target on Mylan to $37 and kept his Sector Perform rating. The analyst says that in spite of two consecutive challenging quarters that showed the company is not immune to broader sector challenges, Mylan's relative positioning remains favorable to peers, adding that generic Copaxone performance is helpful in the near term.
12/01/17
WELS
12/01/17
NO CHANGE
WELS
Wells not seeing Amazon talks as good news for Mylan, others
CNBC last night reported that Amazon.com (AMZN) is in exploratory talks with Mylan (MYL) and Novartis' Sandoz (NVS) regarding a potential entry into the pharmacy space. While the market might consider this good news for Mylan and other generics as a sign of potential preferred supplier agreements, Wells Fargo analyst David Maris says he's more cautious. Amazon entering the pharmacy market could be a negative headwind for retail generics and potentially branded over-the-counter products, Maris argues. He believes Amazon would source at competitive prices and that "increased price transparency may cause traditional retailers to push harder for price concessions."
RRC Range Resources
$18.40

0.38 (2.11%)

09/20/17
WOLF
09/20/17
DOWNGRADE
WOLF
Underperform
Range Resources downgraded to Underperform from Peer Perform at Wolfe Research
Wolfe Research downgraded Range Resources to Underperform largely based on valuation and below average 2018 growth and margins versus peers.
09/08/17
GSCO
09/08/17
DOWNGRADE
Target $20.5
GSCO
Neutral
Range Resources downgraded to Neutral from Buy at Goldman Sachs
Goldman analyst Brian Singer downgraded Range Resources to Neutral and slashed its price target to $20.50 from $35 saying he sees less relative upside in a lower-for-longer gas price environment and notes the company less relative exposure to local Appalachian gas prices.
10/11/17
LEHM
10/11/17
UPGRADE
Target $24
LEHM
Overweight
Range Resources upgraded to Overweight from Underweight at Barclays
Barclays analyst Thomas Driscoll double upgraded Range Resources to Overweight from Underweight and raised his price target for the shares to $24 from $18. The shares are trading at their "most compelling level in years" are declining 50% over the 12 months, Driscoll tells investors in a research note. He expects Range's results will continue to improve in the Marcellus and believes its returns on new capital will meet or exceed peer averages.
10/23/17
JPMS
10/23/17
DOWNGRADE
Target $22
JPMS
Neutral
Range Resources downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Arun Jayaram downgraded Range Resources to Neutral citing valuation and potential downside risk to the company's 2018 production. The notes his estimates for 2018 and 2019 are below consensus. He dropped his price target for the shares to $22 from $25.
HES Hess Corp.
$46.89

1.01 (2.20%)

06/27/17
06/27/17
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. Impinj (PI) was downgraded to Sector Weight from Overweight by Pacific Crest analyst Brad Erickson based on valuation. 2. Mizuho analyst Haendel St. Juste downgraded Store Capital (STOR) to Neutral from Buy citing fair valuation following recent strength driven by Berkshire Hathaway's (BRK.A) investment. 3. Camtek (CAMT) was downgraded to Hold from Buy by Needham analyst Y. Edwin Mok, as he expects to see some deceleration as the PCB business normalizes and he believes large orders for back-end semi inspections are already reflected in the stock after its recent run-up. 4. Nomura Instinet analyst Dan Dolev downgraded Cintas (CTAS) to Neutral from Buy after lowering his FY18 uniform rental organic growth forecasts to 5% from 7%. 5. Atlantic Equities analyst Barry MacCarthy downgraded Hess Corp. (HES) and Schlumberger (SLB), both to Neutral from Overweight, given his view of the limited prospects for an oil price rebound. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/17/17
WOLF
07/17/17
DOWNGRADE
WOLF
Peer Perform
Hess Corp. downgraded to Peer Perform from Outperform at Wolfe Research
09/14/17
JPMS
09/14/17
DOWNGRADE
Target $45
JPMS
Neutral
Hess Corp. downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Phil Gresh downgraded Hess Corp. to Neutral and lowered his price target for the shares to $45 from $52. The analyst highlights the company's "persistent" spending gap and "premium" valuation.
09/14/17
09/14/17
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. Hertz (HTZ) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Adam Jonas citing the doubling of shares over the last three months and raised its price target to $14 from $12. 2. New Oriental Education (EDU) downgraded to Underweight from Neutral at JPMorgan with analyst Leon Chik saying the downgrade is "purely a valuation call." 3. McKesson (MCK) and AmerisourceBergen (ABC) were downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Apache (APA) and Imperial Oil (IMO) were downgraded to Underweight from Neutral at JPMorgan, while Hess Corp. (HES) was downgraded to Neutral from Overweight. 5. Ryanair (RYAAY) downgraded to Reduce from Hold at HSBC with analyst Andrew Lobbenberg citing the ECJ ruling against the company's practice of employing flight crew on Irish labor contracts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MUR Murphy Oil
$28.35

0.4 (1.43%)

12/07/16
FBCO
12/07/16
DOWNGRADE
Target $37
FBCO
Underperform
Murphy Oil downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Edward Westlake downgraded Murphy Oil to Underperform but increased its price target to $37 from $33. He believes Murphy's growth will lag peers through 2018 due to deep cuts to spending in 2016 and said it will take time to turn acquired acreage into equity value.
05/24/17
KLRG
05/24/17
INITIATION
Target $41
KLRG
Buy
Murphy Oil initiated with a Buy at KLR Group
KLR Group analyst John Gerdes started Murphy Oil with a Buy rating and $41 price target.
05/24/17
05/24/17
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. Shake Shack (SHAK) initiated with an Overweight at Piper Jaffray. 2. Zymeworks (ZYME) initiated with a Buy at Citi. 3. Murphy Oil (MUR) initiated with a Buy at KLR Group. 4. Atlas Financial (AFH) initiated with an Outperform at JMP Securities. 5. Emerald Expositions Events (EEX) initiated with a Buy at Citi. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/17
LEHM
07/11/17
DOWNGRADE
Target $29
LEHM
Equal Weight
Murphy Oil downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Paul Cheng downgraded Murphy Oil to Equal Weight and lowered his price target for the shares to $29 from $38. The analyst believes the shares fail to offer enough net asset value upside relative to other higher-quality independent North American shale producers
APA Apache
$42.57

0.74 (1.77%)

09/14/17
JPMS
09/14/17
DOWNGRADE
Target $38
JPMS
Underweight
Apache downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Phil Gresh downgraded Apache to Underweight and cut his price target for the shares to $38 from $46. The analyst sees risk to estimates and finds the current "premium" valuation unattractive.
07/17/17
WOLF
07/17/17
DOWNGRADE
WOLF
Underperform
Apache downgraded to Underperform from Peer Perform at Wolfe Research
06/21/17
GHSC
06/21/17
DOWNGRADE
GHSC
Sell
Apache downgraded to Sell from Neutral at Seaport Global

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