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MLNX

Mellanox

$59.35

1.1 (1.89%)

07:16
12/07/17
12/07
07:16
12/07/17
07:16

Mellanox price target raised to $70 from $53 at Stifel

Stifel analyst Kevin Cassidy raised his price target on Mellanox to $70 from $53 as he projected the earnings improvement potential from the operational changes that may be prompted by the involvement of activist investor Starboard Value. If Mellanox' 2018 SG&A spending came in line with peers, it could increase 2018 non-GAAP EPS by about $1.00, estimated Cassidy, who keeps a Buy rating on the stock.

  • 07

    Dec

MLNX Mellanox
$59.35

1.1 (1.89%)

11/28/17
11/28/17
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. Home Depot (HD) upgraded to Overweight from Neutral at Atlantic Equities with analyst Sam Hudson saying the U.S. housing backdrop remains strong and recent hurricanes should provide a tailwind through the first half of 2018, at the very least. 2. TCF Financial (TCF) was upgraded to Overweight from Neutral at Piper Jaffray and to Buy from Hold at Sandler O'Neill. 3. Popular (BPOP) and OFG Bancorp (OFG) were upgraded to Outperform from Market Perform at Keefe Bruyette. 4. Mellanox (MLNX) upgraded to Equal Weight from Underweight at Barclays with analyst Joseph Wolf saying he believes activist Starboard can bring upon change and will serve as a "positive technical element to near-term stock performance." 5. TriplePoint Venture (TPVG) upgraded to Buy from Neutral at Compass Point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/01/17
LBOW
12/01/17
UPGRADE
LBOW
Buy
Mellanox upgraded to Buy from Neutral at Longbow
12/01/17
12/01/17
UPGRADE
Target $70

Buy
Mellanox upgraded to Buy on activist investor involvement at Longbow
As previously reported, Longbow upgraded Mellanox to Buy from Neutral with a $70 price target. Analyst Mike Burton believes activist Starboard's involvement could lead to the company being acquired in whole or in pieces, and a reduction in OPEX levels more consistent with peers. Burton views Mellanox an attractive acquisition target given its strong position in InfiniBand, Ethernet momentum in 25G/50G/100G, and its Spectrum Ethernet Switch.
12/01/17
12/01/17
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. VMware (VMW) upgraded to Outperform from Market Perform at BMO Capital with analyst Keith Bachman saying the company is benefiting from improved on-premise spending trends, increasing his projections for the overall fiscal 2019 computing spend to grow 3% versus prior forecast of 1%-2% decline. 2. Tiffany (TIF) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying he believes the positive 1% Americas comp in third quarter points to the early stages of a more broad-based sales recovery. 3. Mellanox (MLNX) upgraded to Buy from Neutral at Longbow with analyst Mike Burton saying he believes activist Starboard's involvement could lead to the company being acquired in whole or in pieces, and a reduction in OPEX levels more consistent with peers. 4. Agco (AGCO) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Jerry Revich saying to position for the next leg of the Machinery recovery, he prefers exposure to agriculture over trucks. 5. Vantiv (VNTV) upgraded to Outperform from Neutral at Wedbush with analyst Moshe Katri saying its Worldpay acquisition provides exposure to the U.K. and APAC, which are high-growth, potentially more profitable regions, while also drastically reducing its national merchants exposure. 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

03:10
12/13/17
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General news
FX Action: USD-CAD has settled in the mid 1.28s »

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02:35
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General news
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SNY

Sanofi

$43.96

0.26 (0.59%)

02:25
12/13/17
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02:25
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02:25
Conference/Events
Sanofi to hold analyst day »

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    May

IRM

Iron Mountain

$37.80

-2.9 (-7.13%)

19:44
12/12/17
12/12
19:44
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19:44
Syndicate
Iron Mountain 14.5M share Secondary priced at $37.00 »

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  • 13

    Dec

BTC

Bitcoin

, BITCOIN

Bitcoin

19:01
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Hot Stocks
SEC chairman: Cryptocurrency tech may prove to be 'disruptive' »

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  • 12

    Dec

STI

SunTrust

$65.54

0.92 (1.42%)

18:57
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12/12
18:57
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18:57
Upgrade
SunTrust rating change at Keefe Bruyette »

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  • 19

    Jan

ZION

Zions Bancorp

$50.46

0.52 (1.04%)

18:55
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12/12
18:55
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18:55
Upgrade
Zions Bancorp rating change at Keefe Bruyette »

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PFE

Pfizer

$36.58

0.37 (1.02%)

, CLLS

Cellectis

$24.02

-1.11 (-4.42%)

18:44
12/12/17
12/12
18:44
12/12/17
18:44
Hot Stocks
Pfizer's, Servier's UCART19 candidate shows high complete remission rate »

Servier, Pfizer (PFE) and…

PFE

Pfizer

$36.58

0.37 (1.02%)

CLLS

Cellectis

$24.02

-1.11 (-4.42%)

03/08/13
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  • 04

    Jan

O

Realty Income

$55.74

0.32 (0.58%)

18:43
12/12/17
12/12
18:43
12/12/17
18:43
Hot Stocks
Realty Income raises monthly dividend to 21.25c per share from 21.2c »

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WDC

Western Digital

$81.77

0.57 (0.70%)

18:16
12/12/17
12/12
18:16
12/12/17
18:16
Earnings
Western Digital ups Q2 revenue view to $5.3B from $5.2B-$5.3B, consensus $5.2B »

Sees Q2 gross margin…

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HTLF

Heartland Financial

$50.75

0.6 (1.20%)

18:03
12/12/17
12/12
18:03
12/12/17
18:03
Hot Stocks
Heartland Financial to acquire FBLB in roughly $185.6M deal »

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SMBK

SmartFinancial

$21.82

0.03 (0.14%)

18:03
12/12/17
12/12
18:03
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18:03
Hot Stocks
SmartFinancial and Tennessee Bancshares announce merger agreement »

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WBT

Welbilt

18:00
12/12/17
12/12
18:00
12/12/17
18:00
Initiation
Welbilt initiated at Barclays »

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VMC

Vulcan Materials

$121.51

-1.41 (-1.15%)

18:00
12/12/17
12/12
18:00
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18:00
Initiation
Vulcan Materials initiated at Barclays »

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  • 12

    Dec

URI

United Rentals

$163.65

-0.17 (-0.10%)

17:59
12/12/17
12/12
17:59
12/12/17
17:59
Initiation
United Rentals initiated at Barclays »

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TEX

Terex

$46.53

-0.32 (-0.68%)

17:59
12/12/17
12/12
17:59
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17:59
Initiation
Terex initiated at Barclays »

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SUM

Summit Materials

$31.19

-0.32 (-1.02%)

17:59
12/12/17
12/12
17:59
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Initiation
Summit Materials initiated at Barclays »

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  • 15

    Dec

MTZ

MasTec

$46.60

-0.25 (-0.53%)

17:58
12/12/17
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17:58
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17:58
Initiation
MasTec initiated at Barclays »

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  • 18

    Dec

MLM

Martin Marietta

$207.25

-1.43 (-0.69%)

17:58
12/12/17
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17:58
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17:58
Initiation
Martin Marietta initiated at Barclays »

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MTW

Manitowoc

$39.30

-0.4 (-1.01%)

17:57
12/12/17
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17:57
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17:57
Initiation
Manitowoc initiated at Barclays »

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LECO

Lincoln Electric

$90.89

-1.4 (-1.52%)

17:56
12/12/17
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17:56
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17:56
Initiation
Lincoln Electric initiated at Barclays »

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JEC

Jacobs Engineering

$68.39

0.01 (0.01%)

17:55
12/12/17
12/12
17:55
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17:55
Initiation
Jacobs Engineering initiated at Barclays »

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HRI

Herc Holdings

$60.94

-0.46 (-0.75%)

17:55
12/12/17
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Initiation
Herc Holdings initiated at Barclays »

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FLR

Fluor

$50.43

0.3 (0.60%)

17:54
12/12/17
12/12
17:54
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17:54
Initiation
Fluor initiated at Barclays »

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DE

Deere

$151.07

-0.26 (-0.17%)

17:54
12/12/17
12/12
17:54
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17:54
Initiation
Deere initiated at Barclays »

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