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AGR

Avangrid

$51.76

0.27 (0.52%)

, AMP

Ameriprise

$164.77

0.41 (0.25%)

04:55
12/07/17
12/07
04:55
12/07/17
04:55

Wells Fargo to hold a symposium

2017 Wells Fargo Pipeline, MLP and Utility Symposium is being held in New York on December 5-7.

AGR

Avangrid

$51.76

0.27 (0.52%)

AMP

Ameriprise

$164.77

0.41 (0.25%)

CCLP

CSI Compressco

$5.10

-0.05 (-0.97%)

BWP

Boardwalk Pipeline

$12.91

-0.33 (-2.49%)

D

Dominion

$83.53

0.41 (0.49%)

ED

Consolidated Edison

$88.47

0.45 (0.51%)

ES

Eversource

$65.11

0.23 (0.35%)

ETE

Energy Transfer Equity

$16.27

-0.32 (-1.93%)

IDA

IDACORP

$96.90

0.62 (0.64%)

NWE

NorthWestern

$63.15

0.65 (1.04%)

SO

Southern Company

$50.89

0.53 (1.05%)

VNOM

Viper Energy

$20.89

-0.82 (-3.78%)

WES

Western Gas Partners

$44.80

-0.19 (-0.42%)

NS

NuStar Energy

$29.24

-0.57 (-1.91%)

OMP

Oasis Midstream Partners

$18.00

-0.49 (-2.65%)

TELL

Tellurian

$11.83

-0.32 (-2.63%)

SR

Spire

$80.35

(0.00%)

LNG

Cheniere Energy

$46.49

-1.01 (-2.13%)

BIP

Brookfield Infrastructure

$43.91

0.06 (0.14%)

NEE

NextEra Energy

$157.78

2.14 (1.38%)

MIC

Macquarie Infrastructure

$65.60

-0.51 (-0.77%)

  • 07

    Dec

  • 07

    Dec

AGR Avangrid
$51.76

0.27 (0.52%)

10/24/17
BOFA
10/24/17
INITIATION
Target $52
BOFA
Buy
Avangrid initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith initiated Avangrid with a Buy and $52 price target.
07/24/17
EVER
07/24/17
UPGRADE
Target $46.5
EVER
Outperform
Avangrid upgraded to Outperform from In Line at Evercore ISI
Evercore ISI analyst Greg Gordan upgraded Avangrid to Outperform with a $46.50 price target to reflect improving earnings visibility and balance sheet advantages.
03/23/17
JANY
03/23/17
NO CHANGE
Target $49
JANY
Buy
Avangrid named Top Pick in Electric and Gas at Janney Capital
After recently hosting meetings with Avangrid, Janney Capital analyst Michael Gaugler said transmission needs in the Northeast and its successful auction bid for wind development off North Carolina's Outer Banks give it an opportunity that can stretch many years, paired with a balance sheet that provides the strength to pursue new projects and acquisitions. The analyst raised Avangrid to "top pick" status in the Electric and Gas peer group and reiterated his Buy rating and $49 fair value estimate on the shares.
11/01/17
WELS
11/01/17
DOWNGRADE
Target $54
WELS
Market Perform
Avangrid downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Neil Kalton downgraded Avangrid to Market Perform citing valuation with the shares near his unchanged price target of $54.
AMP Ameriprise
$164.77

0.41 (0.25%)

06/15/17
FBCO
06/15/17
NO CHANGE
Target $161
FBCO
Outperform
Ameriprise price target raised to $161 on Fed rate hike at Credit Suisse
Credit Suisse analyst John Nadel noted that Ameriprise has leverage to both short and long-term rates and he raised his price target on the stock to $161 from $157, primarily to account for yesterday's interest rate increase at the Fed. He keeps an Outperform rating on Ameriprise shares.
06/29/17
RBCM
06/29/17
INITIATION
Target $135
RBCM
Sector Perform
Ameriprise initiated with a Sector Perform at RBC Capital
RBC Capital analyst Kenneth Lee started Ameriprise with a Sector Perform rating and $135 price target.
08/02/17
SBSH
08/02/17
NO CHANGE
Target $166
SBSH
Buy
Ameriprise price target raised to $166 from $146 at Citi
Citi analyst Suneet Kamath raised his price target for Ameriprise Financial to $166 following meetings with management and keeps a Buy rating on the shares. The company feels good about the advisor productivity it is seeing, the analyst tells investors in a research note.
07/03/17
MSCO
07/03/17
NO CHANGE
Target $148
MSCO
Overweight
Ameriprise fundamentals stronger than shares reflect, says Morgan Stanley
After spending time with management, Morgan Stanley analyst Nigel Dally says he continues to believe Ameriprise Financial's "fundamental strength" is "significantly stronger" than what is reflected in the current stock price. Management is confident the company's core margin can continue to expand, Dally tells investors in a research note. He keeps an Overweight rating on Ameriprise with a $148 price target.
CCLP CSI Compressco
$5.10

-0.05 (-0.97%)

BWP Boardwalk Pipeline
$12.91

-0.33 (-2.49%)

11/17/17
11/17/17
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. Boardwalk Pipeline (BWP) initiated with a Sell at Goldman Sachs. 2. Ollie's Bargain Outlet (OLLI) initiated with a Sell at Citi. 3. AMN Healthcare (AMN) initiated with an Overweight at KeyBanc. 4. Unilever (UL, UN) initiated with a Hold at Argus. 5. Canada Goose (GOOS) initiated with an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/17/17
GSCO
11/17/17
INITIATION
Target $14
GSCO
Sell
Boardwalk Pipeline initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Michaela Weber started Boardwalk Pipeline Partners with a Sell rating and $14 price target. The analyst sees the upcoming re-contracting of approximately 45% of Boardwalk's contracted natural gas pipeline capacity as offsetting new capex driven EBITDA growth. Weber estimates 0% distribution growth at the company through 2021.
08/01/17
08/01/17
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. MGM Resorts (MGM) downgraded to Neutral from Buy at UBS with analyst Robin Farley saying the current valuation, with the shares up 37% over the past 12 months, now captures much of the value of the REIT transaction and improving Las Vegas outlook. 2. Boardwalk Pipeline (BWP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Elvira Scotto saying she expects the stock to be "range bound" until its 2019-2020 outlook become clearer. 3. La-Z-Boy (LZB) downgraded to Neutral from Buy at Sidoti with analyst Anthony Lebiedzinski saying shares are approaching his $36 price target. 4. Regeneron (REGN) downgraded to Underperform from Neutral at Baird with analyst Brian Skorney saying Dupixent expectations have gotten ahead of themselves and consensus numbers currently reflect an overlap with Cosentyx sales which looks like an overestimate. 5. Corporate Office Properties (OFC) downgraded to Sell from Hold at Stifel with analyst John Guinee saying he believes that the Real Estate Investment Trust will be hurt by "persistently weak leasing economics," the expirations of a large number of its leases with high rents, and efforts by defense and IT organization to keep rent costs low. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/17
UBSW
10/04/17
NO CHANGE
Target $18
UBSW
Buy
Boardwalk Pipeline price target lowered to $18 from $22 at UBS
UBS analyst Shneur Gershuni lowered his price target on Boardwalk Pipeline to $18 from $22 based on looming contract expirations and the heightened concern surrounding recent spread differential and expirations on competing pipelines. Gershuni maintained his Buy rating on Boardwalk Pipeline shares.
D Dominion
$83.53

0.41 (0.49%)

06/09/17
FBCO
06/09/17
NO CHANGE
FBCO
Outperform
Credit Suisse says Millstone bill still a potential positive for Dominion
After Connecticut lawmakers called a special session for June 30 in an attempt to pass a number of bills that were not taken up, Credit Suisse analyst Michael Weinstein said the there is a chance a "Millstone bill" intended to stabilize the profitability of Dominion's Millstone Power Station will be addressed. The analyst, who attributes Dominion's recent underperformance to diminishing prospects of Millstone legislation, said a failure to pass one this year would leave this as a potential positive catalyst next year. He keeps an Outperform rating on Dominion shares.
11/22/17
11/22/17
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. Kellogg (K) upgraded to Buy from Hold at Argus with analyst David Coleman saying that despite the challenging operating environment, the company will benefit from diminishing currency headwinds and new product launches in the coming quarters. 2. Dominion (D) upgraded to Buy from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith citing improved prospects for a tax reform resolution at VEPCO and expectations for improved execution. 3. Pan American Silver (PAAS) upgraded to Outperform from Neutral at Credit Suisse with analyst Robert Reynolds saying the 4% pullback in shares since the third quarter results provides an attractive valuation and entry point. 4. New Jersey Resources (NJR) upgraded to Buy from Neutral at Janney Capital. 5. Terreno Realty (TRNO) upgraded to Buy from Neutral at National Securities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/22/17
BOFA
11/22/17
UPGRADE
Target $87
BOFA
Buy
Dominion upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith upgraded Dominion to Buy and raised its price target to $87 from $81 to reflect improved prospects for a tax reform resolution at VEPCO and expectations for improved execution. The analyst has increased confidence in Dominion's ability to accelerate the drop down for Covepoint project by 2020 rather than 2021, which should aid in hitting earnings targets and deleveraging.
09/14/17
GSCO
09/14/17
NO CHANGE
Target $78
GSCO
Neutral
Goldman says Virginia supreme court ruling removes an overhang for Dominion
Goldman Sachs analyst Michael Lapides noted that Virginia's Supreme Court upheld the state's legislation extending its utility regulator's biennial rate reviews. This ruling likely means that Dominion's Virginia Power will not face full rate reviews or a rate case docket until at least 2022, which removes the overhang of risk that a review could lead to rate changes that present a headwind to Dominion's EPS, he tells investors. Lapides keeps a Neutral rating and $78 price target on Dominion shares.
ED Consolidated Edison
$88.47

0.45 (0.51%)

06/13/17
06/13/17
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. Foot Locker (FL) downgraded to Hold from Buy at Argus with analyst John Staszak citing weakening demand for Nike (NKE) footwear. 2. Sonic (SONC) downgraded to Underperform from Buy at BofA/Merrill with analyst Gregory Francfort downgrading Sonic two notches to Underperform from Buy and raising its price target to $30 from $27 while saying the downgrade is not a call on the quarter and sees limited downside to the third quarter and fourth quarter. 3. Shopify (SHOP) downgraded to Neutral from Buy at Goldman Sachs with analyst Jesse Hulsing saying the risk/reward is balanced with the shares up 105% since his upgrade on October 4, 2016. The analyst keeps a $96 price target for the stock. 4. Consolidated Edison (ED) downgraded to Hold from Buy at Jefferies with analyst Anthony Crowdell saying he views the shares as fairly valued following the recent rally and lowered his estimates to reflect a higher share count. 5. Zoetis (ZTS) downgraded on valuation at BMO Capital with analyst Alex Arfaei citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/13/17
JEFF
06/13/17
DOWNGRADE
Target $83.5
JEFF
Hold
Consolidated Edison downgraded to Hold from Buy at Jefferies
Jefferies analyst Anthony Crowdell downgraded Consolidated Edison to Hold and lowered his price target for the shares to $83.50 from $88. The analyst views the shares as fairly valued following the recent rally and lowered his estimates to reflect a higher share count.
09/26/17
EVER
09/26/17
DOWNGRADE
EVER
Underperform
Consolidated Edison downgraded to Underperform from In Line at Evercore ISI
Evercore ISI analyst Greg Gordon downgraded Consolidated Edison to Underperform and maintained a $74 price target. The analyst believes regulated utilities look fully valued given interest rate implications and potential for tax reform and said Consolidated Edison has an unattractive total return profile.
05/08/17
05/08/17
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. Goldman Sachs analyst Mark Delaney downgraded Micron (MU) Technology to Neutral from Buy and lowered his price target for the shares to $30 from $32. With consensus estimates up 70% for the current fiscal year on better memory prices and margins, the major catalyst for shares has already played out, Delaney tells investors. 2. Bank of America Merrill Lynch analyst Steve Byrne downgraded LyondellBasell (LYB) two notches to Underperform from Buy and lowered its price target to $80 from $100, telling investors supply growth is set to impact margins. The analyst said polyethylene industry is over-earning and capacity has accelerated and will result in global polyethylene supply growth that is expected to exceed demand through 2018. 3. Goldman Sachs analyst Toshiya Hari removed Lam Research (LRCX) from the Conviction Buy List given recent outperformance. The analyst maintains a Buy rating and increased his price target to $160 from $153, citing strong industry fundamentals and market share gains, among other reasons. 4. Deutsche Bank analyst Jonathan Arnold downgraded Consolidated Edison (ED) to Sell saying the valuation is "stretched" at current share levels. The analyst sees 7% downside to his unchanged price target of $74. 5. DA Davidson analyst Steven Chercover downgraded Louisiana-Pacific (LPX) to Neutral citing valuation following the company's Q1 results, as he believes "much of the good news on commodities" is already priced into the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ES Eversource
$65.11

0.23 (0.35%)

10/24/17
BOFA
10/24/17
INITIATION
Target $62
BOFA
Underperform
Eversource initiated with an Underperform at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith initiated Eversource with an Underperform and $62 price target.
07/31/17
DBAB
07/31/17
DOWNGRADE
DBAB
Hold
Eversource downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Caroline Bone downgraded Eversource Energy to Hold citing a less attractive risk/reward following the company's Q2 results. The analyst believes upside is too dependent on the success of Northern Pass.
07/31/17
JANY
07/31/17
NO CHANGE
Target $71
JANY
Buy
Eversource price target raised to $71 from $67 at Janney Capital
Janney Capital analyst Michael Gaugler raised his fair value estimate on Eversource shares to $71 from $67 after the company's Q2 results topped expectations, driven by three of its four reporting segments seeing year-over-year improvements. He keeps a Buy rating on Eversource.
01/25/17
FBCO
01/25/17
INITIATION
Target $57
FBCO
Neutral
Eversource initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Weinstein started Eversource with a Neutral rating and $57 price target.
ETE Energy Transfer Equity
$16.27

-0.32 (-1.93%)

10/17/17
GSCO
10/17/17
UPGRADE
Target $23
GSCO
Buy
Energy Transfer Equity upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Theodore Durbin upgraded Energy Transfer Equity to Buy and raised his price target for the shares to $23 from $22. The analyst expects Energy Transfer Equity's above average distribution growth to be driven by an improving free cash flow profile.
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.
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.
08/30/17
MSCO
08/30/17
UPGRADE
MSCO
Overweight
Dominion Midstream, Hess Midstream Partners upgraded at Morgan Stanley
As previously reported, Morgan Stanley analyst Tom Abrams upgraded Dominion Midstream (DM) and Hess Midstream Partners (HESM), both to Overweight from Equal Weight, as he sees better value in the space after a few months of sector underperformance. He particularly likes equities expected to show higher growth in Distributable Cash Flow per unit, which includes Dominion Midstream and Hess Midstream Partners, he tells investors. Abrams also reiterated his Overweight ratings on Energy Transfer Equity (ETE), Kinder Morgan (KMI), Antero Midstream Partners (AM) and Phillips 66 Partners (PSXP), also citing their valuations relative to their cash flow.
IDA IDACORP
$96.90

0.62 (0.64%)

NWE NorthWestern
$63.15

0.65 (1.04%)

07/24/17
FBCO
07/24/17
DOWNGRADE
Target $60
FBCO
Underperform
NorthWestern downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Michael Weinstein downgraded NorthWestern to Underperform from Neutral on increased Montana regulatory risk, with extra scrutiny over power cost recovery possibly leading to a full ratecase filing as early as September, earlier than the company would like. The analyst also lowered his price target on the shares to $60 from $62.
01/25/17
FBCO
01/25/17
INITIATION
Target $60
FBCO
Neutral
NorthWestern initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Weinstein started NorthWestern with a Neutral rating and $60 price target.
07/31/17
WILL
07/31/17
DOWNGRADE
WILL
Sell
NorthWestern downgraded to Sell from Hold at Williams Capital
SO Southern Company
$50.89

0.53 (1.05%)

10/17/17
JANY
10/17/17
NO CHANGE
JANY
Buy
Janney Capital says South Jersey Industries pullback on deal news overdone
Janney Capital analyst Michael Gaugler noted that South Jersey Industries (SJI) shares fell over 9% after the company announced a deal to buy natural gas assets from Southern Co. (SO) for an effective price of $1.4B. However, he considers the prices agreed upon to be "very reasonable" in the current environment and he considers South Jersey's dividend not only safe but still likely to rise. The analyst, who thinks the market reaction was overdone, recommends investors in search of yield take positions in South Jersey and he keeps a Buy rating on the stock.
09/29/17
RBCM
09/29/17
UPGRADE
RBCM
Outperform
Southern Company upgraded based on valuation, Vogtle outlook at RBC Capital
As noted earlier, RBC Capital upgraded Southern Company to Outperform from Sector Perform. After meeting with Georgia regulators, analyst Shelby Tucker is increasingly convinced that the regulators are "committed to completing" the company's Vogtle project. As a result, he believes that the stock is undervalued. Target $53.
09/29/17
RBCM
09/29/17
UPGRADE
RBCM
Outperform
Southern Company upgraded to Outperform from Sector Perform at RBC Capital
09/29/17
09/29/17
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. Southern Company (SO) upgraded to Outperform from Sector Perform at RBC Capital with analyst Shelby Tucker is increasingly convinced that the regulators are "committed to completing" the company's Vogtle project. 2. Conn's (CONN) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Nagel saying the company's credit business, under new CEO Norm Miller, is "on a much more solid footing, and supportive of a return to expansion in retail." 3. Raytheon (RTN) upgraded to Buy from Hold at Deutsche Bank with analyst Myles Walton saying Raytheon is the most exposed to missile defense trends. 4. USA Truck (USAK), J.B. Hunt (JBHT), and Heartland Express (HTLD) were upgraded to Buy from Hold at Stifel. 5. Zynerba (ZYNE) upgraded to Overweight from Neutral at Piper Jaffray analyst Charles Duncan saying without over-interpreting the results from this "modest open-label program," the data establish an "activity signal and tolerability profile that merits further placebo-controlled study." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
VNOM Viper Energy
$20.89

-0.82 (-3.78%)

11/29/17
RHCO
11/29/17
INITIATION
Target $29
RHCO
Buy
Viper Energy initiated with a Buy at SunTrust
SunTrust analyst Neal Dingmann started Viper Energy Partners LP with a Buy rating and $29 price target. The company offers a "unique way to play Permian growth combined with solid oil prices," the analyst contends.
11/29/17
11/29/17
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. Qualcomm (QCOM) downgraded to Hold after Broadcom bid at Stifel with analyst Kevin Cassidy arguing the risk in the shares is now greater than the potential reward following the company's recent rejection of Broadcom's (AVGO) $70 per share bid. 2. Paccar (PCAR) downgraded to Neutral from Buy at Citi with analyst Timothy Thein saying he no longer sees catalysts in place to warrant a Buy rating. 3. Colgate-Palmolive (CL) downgraded to Sell from Hold at Societe Generale with analyst Iain Simpson saying Colgate's new focus on investing aggressively in both price and A&P is the right move, but believes consensus is underestimating how long it will take to yield positive results and how much it will cost. 4. Chipotle (CMG) downgraded to Market Perform from Outperform at William Blair with analyst Sharon Zackfia citing the announcement that its founder and CEO Steve Ells will step down following the completion of a search to identify a new CEO. While a new leader may accelerate the company's turnaround longer term, today's move likely signals that Chipotle's trends remain under pressure and creates more near-term uncertainty, Zackfia tells investors in a research note. 5. MAA (MAA) downgraded to Market Perform from Outperform at Raymond James with analyst Buck Horne saying a material acceleration of construction in MAA's core submarkets will create near-term headwinds. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/29/17
11/29/17
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. Crown Holdings (CCK) initiated with a Neutral at UBS. 2. Viper Energy (VNOM) initiated with a Buy at SunTrust. 3. RBC Bearings (ROLL) initiated with a Buy at CL King. 4. ACM Research (ACMR) initiated with a Buy at Roth Capital. 5. Invitation Homes (INVH) resumed with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/05/17
UBSW
12/05/17
UPGRADE
Target $27
UBSW
Buy
Viper Energy upgraded to Buy from Neutral at UBS
UBS analyst Shneur Gershuni upgraded Viper Energy Partners LP to Buy and raised his price target for the shares to $27 from $19. The analyst believes the company is well positioned for growth through higher oil/gas production in the Permian. After his firm's Energy team increased their 2018 and 2019 crude price forecast by 6% and 2%, the analyst increased his 2018 and 2019 production estimates for Viper Energy by 5% and 6%.
WES Western Gas Partners
$44.80

-0.19 (-0.42%)

10/26/17
10/26/17
UPGRADE
Target $54

Buy
Western Gas Partners upgraded to Buy at Stifel
As previously reported, Stifel analyst Selman Akyol upgraded Western Gas Partners to Buy from Hold, noting its transactions to strengthen its capital structure and citing his expectations for strong growth into 2018 and beyond. He keeps a $54 price target on the stock.
10/25/17
STFL
10/25/17
UPGRADE
STFL
Buy
Western Gas Partners upgraded to Buy from Hold at Stifel
10/26/17
10/26/17
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. Regal Entertainment (RGC) upgraded to Outperform from Sector Perform at RBC Capital with analyst Leo Kulp saying he views the current valuation, at seven times this 2018 estimate, as "compelling." 2. Buffalo Wild Wings (BWLD) upgraded to Buy from Neutral at Dougherty with analyst Jeremy Hamblin saying expectations for a recovery remain low but sees margin improvement as a critical component to future success and views share risk/reward as favorable. 3. Western Gas Partners (WES) upgraded to Buy from Hold at Stifel with analyst Selman Akyol noting its transactions to strengthen its capital structure and citing his expectations for strong growth into 2018 and beyond. 4. Crane (CR) upgraded to Buy from Neutral at Seaport Global with analyst Wait Liptak citing improving sector growth rates as evidenced new orders and backlog trends. 5. Lear (LEA) upgraded to Outperform from Sector Perform at RBC Capital with analyst Joseph Spak saying third quarter results should give greater confidence into the resiliency of the company's margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/17
GHSC
10/10/17
INITIATION
Target $64
GHSC
Buy
Western Gas Partners initiated with a Buy at Seaport Global
Seaport Global analyst Bernie Colson initiated Western Gas Partners with a Buy and $64 price target.
NS NuStar Energy
$29.24

-0.57 (-1.91%)

12/05/17
SBSH
12/05/17
UPGRADE
Target $17
SBSH
Buy
NuStar GP Holdings upgraded to Buy from Neutral at Citi
Citi analyst Ryan Levine upgraded NuStar GP Holdings (NSH) to Buy while lowering his price target for the shares to $17 from $24. After meeting with management, the analyst expects the company will take corporate action to address its capital needs, distribution policy, and corporate structure. The most likely alternative is for management is to merge NuStar Energy (NS) and NuStar GP Holdings and simultaneously cut the distribution by 40%-60%. These actions would achieve NuStar's objectives to de-lever its balance sheet and improve its distribution coverage, Levine tells investors in a research note. The analyst this morning also upgraded NuStar Energy to Buy.
07/17/17
WELS
07/17/17
DOWNGRADE
Target $49
WELS
Market Perform
NuStar Energy downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Michael Blum downgraded NuStar Energy to Market Perform and lowered his price target for the shares to $49 from $54. The analyst adjusted his ratings for Midstream Master Limited Partnerships and cites a "rich" valuation and elevated leverage for the downgrade.
12/05/17
SBSH
12/05/17
UPGRADE
SBSH
Buy
NuStar Energy upgraded to Buy from Neutral at Citi
Citi analyst Ryan Levine upgraded NuStar Energy (NS) to Buy while lowering his price target for the shares to $33 from $42. After meeting with management, the analyst expects the company will take corporate action to address its capital needs, distribution policy, and corporate structure. The most likely alternative is for management is to merge NuStar and NuStar GP Holdings (NSH) and simultaneously cut the distribution by 40%-60%. These actions would achieve NuStar's objectives to de-lever its balance sheet and improve its distribution coverage, Levine tells investors in a research note. The analyst this morning also upgraded NuStar GP to Buy.
11/09/17
WELS
11/09/17
NO CHANGE
Target $37
WELS
Market Perform
NuStar Energy price target lowered to $37 from $42 at Wells Fargo
Wells Fargo analyst Michael Blum to $37 from $42 on valuation after quarterly results. The analyst reiterates a Market Perform rating on the shares.
OMP Oasis Midstream Partners
$18.00

-0.49 (-2.65%)

10/16/17
MSCO
10/16/17
INITIATION
Target $22
MSCO
Overweight
Oasis Midstream Partners initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Tom Abrams initiated Oasis Midstream Partners with an Overweight rating and $22 price target, saying he sees the units as attractively valued given his expectation for 25% DCF/unit growth through 2020.
10/16/17
RBCM
10/16/17
INITIATION
Target $21
RBCM
Outperform
Oasis Midstream Partners initiated with an Outperform at RBC Capital
RBC Capital analyst TJ Schultz initiated Oasis Midstream Partners (OMP) with an Outperform and $21 price target. The analyst said Oasis Midstream Partners (OMP) offers visible distribution growth as sponsor Oasis Petroleum (OAS) executes on a clearly defined Bakken rig program and thinks the company is positioned to execute the growth plan for the next several years.
10/24/17
JRCO
10/24/17
INITIATION
JRCO
Buy
Oasis Midstream Partners initiated with a Buy at Johnson Rice
Johnson Rice analyst Georg Venturatos initiated Oasis Midstream Partners (OMP) with a Buy saying it offers attractive, visible growth, supported by a sizeable backlog of drop-down opportunities and organic growth through Oasis Petroleum (OAS) activity.
10/16/17
10/16/17
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. Netflix (NFLX) initiated with a Hold at Aegis. 2. Best Inc. (BSTI) was initiated with a Buy at Deutsche Bank, Stifel, and Goldman Sachs, an Outperform at Credit Suisse, as well as an Overweight at KeyBanc. 3. Oasis Midstream Partners (OMP) was initiated with an Overweight at Morgan Stanley and JPMorgan, an Outperform at RBC Capital, a Buy at Citi and Goldman Sachs, as well as a Market Perform at Wells Fargo. 4. Zai Lab (ZLAB) was initiated with a Buy at Citi and a Neutral at JPMorgan. 5. Despegar.com (DESP) was initiated with a Neutral at UBS, an Overweight at KeyBanc, an Equal Weight at Morgan Stanley, and a Neutral at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
TELL Tellurian
$11.83

-0.32 (-2.63%)

11/17/17
COWN
11/17/17
INITIATION
Target $13.5
COWN
Outperform
Tellurian initiated with an Outperform at Cowen
Cowen analyst Sam Margolin started Tellurian with an Outperform rating and $13.50 price target. The analyst views the company as a "ground floor" Liquefied Natural Gas opportunity and sees the FERC decision as a likely positive catalyst.
SR Spire
$80.35

(0.00%)

01/25/17
FBCO
01/25/17
INITIATION
Target $68
FBCO
Neutral
Spire initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Weinstein started Spire with a Neutral rating and $68 price target.
LNG Cheniere Energy
$46.49

-1.01 (-2.13%)

09/26/17
BMOC
09/26/17
INITIATION
BMOC
Outperform
Cheniere Energy initiated at BMO Capital
As noted earlier, BMO Capital started coverage of Cheniere Energy with an Outperform rating and a $60 price target. Analyst Danilo Juvane estimates that the company will generate $6-$7 per share of discounted cash flow starting in 2021, "easily supporting a 10% long-term annual dividend growth rate," according to the analyst. Juvane also expects the company to benefit from what he calls its "streamlined cost structure" and "strong" global LNG demand.
06/13/17
MSCO
06/13/17
DOWNGRADE
Target $50
MSCO
Equal Weight
Cheniere Energy downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Fotis Giannakoulis downgraded Cheniere Energy to Equal Weight saying shares have outperform year-to-date and reduced his price target to $50 from $55. The analyst said current expansion is fully reflected in valuation and low energy prices are not supportive of new liquefaction projects.
11/17/17
COWN
11/17/17
INITIATION
Target $56
COWN
Market Perform
Cheniere Energy initiated with a Market Perform at Cowen
Cowen analyst Sam Margolin started Cheniere Energy with a Market Perform rating and $56 price target. The analyst sees more upside in companies with projects yet to gain FERC approval.
09/25/17
BMOC
09/25/17
INITIATION
BMOC
Outperform
Cheniere Energy initiated with an Outperform at BMO Capital
BIP Brookfield Infrastructure
$43.91

0.06 (0.14%)

09/18/17
09/18/17
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. Teck Resources (TECK) initiated with a Sell at Axiom. 2. GenMark (GNMK) initiated with a Buy at BofA/Merrill. 3. Cirrus Logic (CRUS) initiated with an Underperform at BofA/Merrill. 4. Athenex (ATNX) initiated with an Outperform at Credit Suisse. 5. Brookfield Infrastructure (BIP) reinitiated with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/18/17
FBCO
09/18/17
INITIATION
Target $44
FBCO
Neutral
Brookfield Infrastructure reinitiated with a Neutral at Credit Suisse
Credit Suisse analyst Andrew Kuske is reinstating coverage of Brookfield Infrastructure with a Neutral rating and $44 price target.
09/11/17
BMOC
09/11/17
INITIATION
BMOC
Outperform
Brookfield Infrastructure initiated with an Outperform at BMO Capital
BMO Capital analyst Devin Dodge started coverage of Brookfield Infrastructure with a $48 price target and an Outperform rating. The analyst expects the REIT's FFO and unit growth to increase at a compound annual growth rate of 15% through 2019, driven by what he sees as its "strong backlog of organic growth opportunities.". The analyst thinks that Brookfield could beat his estimates driven by favorable M&A and additional projects. He estimates that its distribution will grow at a CAGR of 11% through 2019, surpassing its targeted range.
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.
NEE NextEra Energy
$157.78

2.14 (1.38%)

12/05/17
ARGS
12/05/17
NO CHANGE
Target $173
ARGS
Buy
NextEra Energy price target raised to $173 from $165 at Argus
Argus analyst Jacob Kilstein raised his price target on NextEra Energy to $173, also keeping his Buy rating. Kilstein says the growth opportunities at the non-regulated NextEra Energy Resources business and at the limited partnership NextEra Energy Partners should contribute to earnings growth and support the dividend. The analyst notes that the company's premium valuation relative to peers is justified by its consistent EPS and dividend growth.
10/16/17
GSCO
10/16/17
UPGRADE
GSCO
Conviction Buy
NextEra Energy upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman analyst Michael Lapides added NextEra Energy to the Conviction Buy List given expectations for top tier dividend growth, increased renewables growth, and solid Florida utility growth. The analyst has a $159 price target on shares.
09/07/17
09/07/17
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. AstraZeneca (AZN) initiated with an Outperform at BMO Capital. 2 aTyr Pharma (LIFE) initiated with an Overweight at Piper Jaffray. 3. Electronics for Imaging (EFII) reinstated with a Buy at Citi. 4. NextEra Energy (NEE) reinstated with an Overweight at JPMorgan. 5. Energy Recovery (ERII) initiated with an Overweight at Capital One. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/06/17
GABE
12/06/17
NO CHANGE
GABE
Buy
NextEra Energy Partners named a Best Idea for 2018 at Gabelli
Gabelli analyst Tim Winter named NextEra Energy Partners (NEP) a Best Idea in the utility sector for 2018. The analyst sees significant drop-down opportunities from sponsor and general partner NextEra Energy (NEE). The analyst rates NextEra Energy Partners with a Buy and $46 PMV.
MIC Macquarie Infrastructure
$65.60

-0.51 (-0.77%)

11/15/17
RHCO
11/15/17
NO CHANGE
Target $75
RHCO
Buy
Macquarie Infrastructure price target lowered to $75 from $96 at SunTrust
SunTrust analyst Tristan Richardson lowered his price target on Macquarie Infrastructure to $75, modeling lower storage utilization at its International-Matex Tank Terminals segment. Richardson is keeping his Buy rating, saying that while near-term cash flows may be reduced by an increase in operating expenditures related to development projects, over the longer term the investments will increase the company's growth prospects and should be viewed as a "modest positive".
03/21/17
03/21/17
INITIATION
Target $96

Buy
Macquarie Infrastructure initiated with a Buy at SunTrust
As previously reported, SunTrust analyst Tristan Richardson started Macquarie Infrastructure with a Buy rating and $96 price target.
07/18/17
LEHM
07/18/17
DOWNGRADE
LEHM
Equal Weight
Macquarie Infrastructure downgraded to Equal Weight from Overweight at Barclays
10/24/17
OPCO
10/24/17
NO CHANGE
Target $100
OPCO
Outperform
Macquarie Infrastructure should be bought on weakness, says Oppenheimer
Oppenheimer analyst Ian Zaffino says that with Macquarie Infrastructure's stock down about 5.4% since the beginning of last week, and near its 52-week low, he would be a buyer. The dividend yield stands at an attractive 8%, and underlying fundamentals/cash flows are more than sufficient to support this payment, he adds. The analyst reiterates an Outperform rating and $100 price target on the shares.

TODAY'S FREE FLY STORIES

TGI

Triumph Group

$13.23

0.13 (0.99%)

05:18
12/17/18
12/17
05:18
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05:18
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Triumph Group rating change  »

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03/06/13
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LYB

LyondellBasell

$82.34

-1.35 (-1.61%)

05:16
12/17/18
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EC

Ecopetrol

$18.36

-0.33 (-1.77%)

, YPF

YPF

$14.38

0.03 (0.21%)

05:11
12/17/18
12/17
05:11
12/17/18
05:11
Recommendations
Ecopetrol, YPF, Petrobras analyst commentary  »

Ecopetrol price target…

EC

Ecopetrol

$18.36

-0.33 (-1.77%)

YPF

YPF

$14.38

0.03 (0.21%)

PBR

Petrobras

$13.40

-0.235 (-1.72%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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ALK

Alaska Air

$62.29

0.96 (1.57%)

05:04
12/17/18
12/17
05:04
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05:04
Recommendations
Alaska Air analyst commentary  »

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AVYA

Avaya

$17.58

-0.14 (-0.79%)

04:59
12/17/18
12/17
04:59
12/17/18
04:59
Initiation
Avaya initiated  »

Avaya initiated with a…

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03/06/13
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ARGX

Argenx

$102.30

-0.94 (-0.91%)

04:57
12/17/18
12/17
04:57
12/17/18
04:57
Initiation
Argenx initiated  »

Argenx initiated with a…

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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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ORTX

Orchard Therapeutics

$15.00

-0.01 (-0.07%)

04:56
12/17/18
12/17
04:56
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04:56
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Orchard Therapeutics rating change  »

Orchard Therapeutics…

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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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SHW

Sherwin-Williams

$385.73

-0.075 (-0.02%)

04:55
12/17/18
12/17
04:55
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04:55
Upgrade
Sherwin-Williams rating change  »

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ACHN

Achillion

$3.12

0.035 (1.14%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Achillion to hold a conference call »

Dr. Stephen Zelenkofske,…

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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  • 17

    Dec

MDP

Meredith

$53.26

-0.54 (-1.00%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Meredith management to meet with Stephens »

Meeting to be held in…

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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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  • 17

    Dec

EQH

AXA Equitable

$16.87

-0.67 (-3.82%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
AXA Equitable to hold a conference call »

Investor Conference call…

03/08/13
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03/06/13
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03/06/13
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  • 17

    Dec

AEYE

AudioEye

$6.99

-0.09 (-1.27%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
AudioEye management to meet with B. Riley FBR »

Meeting to be held in New…

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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  • 17

    Dec

TLRA

Telaria

$2.81

-0.02 (-0.71%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Telaria management to meet with Lake Street »

Meeting to be held in Los…

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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  • 17

    Dec

  • 18

    Dec

CSCO

Cisco

$45.80

-1.66 (-3.50%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
UBS to host a conference call with Cisco »

UBS IT Hardware Analyst…

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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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  • 17

    Dec

  • 10

    Jan

  • 04

    Mar

MGPI

MGP Ingredients

$56.54

0.05 (0.09%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
MGP Ingredients management to meet with Craig Hallum »

Meeting to be held in…

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03/06/13
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  • 17

    Dec

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
UBS retail/hardlines analyst to hold an analyst/industry conference call »

Retail/Hardlines Analyst…

EFX

Equifax

$97.19

0.07 (0.07%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Equifax to meet with investors »

Meetings to be held in…

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  • 17

    Dec

  • 18

    Dec

04:55
12/17/18
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04:55
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General news
Housing Market Index to be reported at 10:00 »

December Housing Market…

04:55
12/17/18
12/17
04:55
12/17/18
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General news
Breaking General news story  »

6-Month Bill Auction to…

VNDA

Vanda Pharmaceuticals

$26.26

0.11 (0.42%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Cantor Fitzgerald biotech analyst to hold an analyst/industry conference call »

Biotech Analyst Duncan,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 17

    Dec

CSTM

Constellium

$7.71

-0.7 (-8.32%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Constellium management to meet with Morgan Stanley »

Meetings to be held in…

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03/06/13
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  • 17

    Dec

  • 18

    Dec

EXC

Exelon

$47.07

0.11 (0.23%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Exelon management to meet with UBS »

Meeting to be held in…

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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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  • 17

    Dec

GNRC

Generac

$52.13

-1.39 (-2.60%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Generac management to meet with KeyBanc »

Meeting to be held in the…

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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  • 17

    Dec

IPGP

IPG Photonics

$117.95

-2.28 (-1.90%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
IPG Photonics management to meet with Needham »

Meeting to be held in…

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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  • 17

    Dec

04:55
12/17/18
12/17
04:55
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04:55
General news
Empire State Mfg Survey General Business Conditions Index to be reported at 08:30 »

December Empire State Mfg…

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