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SNAP

Snap

$15.31

0.36 (2.41%)

06:24
01/04/18
01/04
06:24
01/04/18
06:24

Snap downgraded to Underperform from Market Perform at Cowen

Cowen analyst John Blackledge downgraded Snap to Underperform and cut its price target o $11 after reducing 2018-2022 estimates. Blackledge's Ad Buyer Survey results for Snap were mixed with modest share gains of Social/Video budgets in 2018/19 despite ranking ROI, data, and targeting ranking the lowest. Survey Ad buyers preferred Instagram Stories ads versus Snap Ads, despite the firjm's consumer survey suggesting rising SNAP user engagement in 2017 and higher user sharing and video/photo viewing.

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    Jan

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    Jan

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    Jan

  • 07

    Feb

SNAP Snap
$15.31

0.36 (2.41%)

12/05/17
EVER
12/05/17
INITIATION
Target $7
EVER
Underperform
Snap initiated with an Underperform at Evercore ISI
As reported earlier, Evercore ISI analyst Anthony DiClemente initiated Snap with an Underperform rating and a price target of $7. DiClemente contends that consensus revenue estimates "appear increasingly unrealistic" amid growing direct competition from Instagram. The analyst is also concerned that profitability may prove to be challenging because of the company's reliance on 3rd party hosting and premium content.
12/05/17
EVER
12/05/17
INITIATION
Target $7
EVER
Underperform
Snap initiated with an Underperform at Evercore ISI
Evercore ISI analyst initiated Snap with an Underperform and $7 price target.
12/05/17
12/05/17
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. McDonald's (MCD) upgraded to Buy from Hold at Jefferies with analyst Andy Barish saying McDonald's is well positioned in the current environment to continue to outperform. 2. Snap (SNAP) upgraded to Overweight from Equal Weight at Barclays with analyst Ross Sandler sayign with the company's pricing transition in the later stages, Snap may start hitting or exceeding consensus revenue estimates and accelerating growth in 2018. 3. Depomed (DEPO) upgraded to Buy from Neutral at Mizuhom with analyst Irina Koffler citing the company's agreement to license rights to commercialize the Nucynta franchise to Collegium (COLL). 4. United Technologies (UTX) upgraded to Overweight from Neutral at Atlantic Equities. 5. Earthstone Energy (ESTE) upgraded to Buy from Neutral at Seaport Global with analyst Mike Kelly citing the October 18 capital raise. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/05/17
LEHM
12/05/17
UPGRADE
Target $18
LEHM
Overweight
Snap upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Ross Sandler upgraded Snap (SNAP) to Overweight from Equal Weight and raised his price target for the shares to $18 from $11. The stock closed yesterday down 30c to $13.57. With the company's pricing transition in the later stages, Snap may start hitting or exceeding consensus revenue estimates and accelerating growth in 2018, Sandler tells investors in a research note. He thinks the investor narrative in 2018 can change from Facebook (FB) "is killing" Snap to "these companies can co-exist" like Priceline (PCLN) and Expedia (EXPE). Further, Sandler highlights Snap's high short interest relative to peers, especially considering its founders own around 50% of the shares. The analyst feels now is a good time to start accumulating Snap.

TODAY'S FREE FLY STORIES

LVMUY

LVMH

04:48
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BP

BP

$43.92

0.415 (0.95%)

04:45
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    May

02:45
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02:45
General news
FX Update: The dollar posted fresh highs »

FX Update: The dollar…

02:05
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General news
Asian Market Wrap: »

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DLNG

Dynagas LNG

$9.46

-0.18 (-1.87%)

21:09
04/23/18
04/23
21:09
04/23/18
21:09
Downgrade
Dynagas LNG rating change at Wells Fargo »

Dynagas LNG downgraded to…

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ALPMY

Astellas Pharma

21:02
04/23/18
04/23
21:02
04/23/18
21:02
Hot Stocks
Astellas Pharma submits NDA for approval of Gilteritinib in AML »

Astellas Pharma announced…

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  • 27

    Apr

VZ

Verizon

$48.66

0.74 (1.54%)

, KO

Coca-Cola

$43.96

0.22 (0.50%)

20:25
04/23/18
04/23
20:25
04/23/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

VZ

Verizon

$48.66

0.74 (1.54%)

KO

Coca-Cola

$43.96

0.22 (0.50%)

MMM

3M

$216.01

-1.71 (-0.79%)

LMT

Lockheed Martin

$358.59

6.645 (1.89%)

UTX

United Technologies

$123.45

0.38 (0.31%)

CAT

Caterpillar

$153.96

0.72 (0.47%)

LLY

Eli Lilly

$80.25

1.16 (1.47%)

NEE

NextEra Energy

$161.23

0.46 (0.29%)

BIIB

Biogen

$259.30

-3.61 (-1.37%)

SHW

Sherwin-Williams

$387.51

-4.895 (-1.25%)

TRV

Travelers

$137.25

0.4 (0.29%)

FCX

Freeport McMoRan

$18.80

-0.56 (-2.89%)

PCAR

Paccar

$69.43

0.24 (0.35%)

GLW

Corning

$27.51

-0.05 (-0.18%)

FITB

Fifth Third

$31.92

0.49 (1.56%)

CNC

Centene

$110.61

-0.03 (-0.03%)

WAT

Waters

$209.48

1.23 (0.59%)

HBAN

Huntington Bancshares

$15.01

0.245 (1.66%)

QSR

Restaurant Brands

$53.50

-1.16 (-2.12%)

WAB

Wabtec

$88.07

0.53 (0.61%)

PII

Polaris Industries

$120.90

1.28 (1.07%)

HOG

Harley-Davidson

$41.00

-0.03 (-0.07%)

JBLU

JetBlue

$19.90

0.03 (0.15%)

SC

Santander Consumer

$15.71

0.03 (0.19%)

GPK

Graphic Packaging

$16.00

0.14 (0.88%)

SLCA

U.S. Silica

$27.56

-0.42 (-1.50%)

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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BOALY

Boral Ltd.

20:18
04/23/18
04/23
20:18
04/23/18
20:18
Earnings
Boral Ltd sees FY18 EBITDA contribution from property at AUD55M-AUD65M »

Sees Boral Australia…

03/08/13
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03/08/13
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03/06/13
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LLY

Eli Lilly

$80.25

1.16 (1.47%)

, INCY

Incyte

$68.15

-0.26 (-0.38%)

20:14
04/23/18
04/23
20:14
04/23/18
20:14
Hot Stocks
FDA recommends approval of Incyte/Eli Lilly's Baricitinib 2mg, but not 4mg in RA »

Eli Lilly (LLY) and…

LLY

Eli Lilly

$80.25

1.16 (1.47%)

INCY

Incyte

$68.15

-0.26 (-0.38%)

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

Veritex

$28.01

0.11 (0.39%)

19:35
04/23/18
04/23
19:35
04/23/18
19:35
Earnings
Veritex reports Q1 EPS 42c, consensus 40c »

Reports Q1 revenue…

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  • 24

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FSUMY

Fortescue Metal

19:15
04/23/18
04/23
19:15
04/23/18
19:15
Hot Stocks
Breaking Hot Stocks news story on Fortescue Metal  »

Fortescue Metal reports…

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SANM

Sanmina

$27.70

0.1 (0.36%)

, CDNS

Cadence Design

$36.75

-0.27 (-0.73%)

19:00
04/23/18
04/23
19:00
04/23/18
19:00
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

SANM

Sanmina

$27.70

0.1 (0.36%)

CDNS

Cadence Design

$36.75

-0.27 (-0.73%)

HLX

Helix Energy

$6.24

-0.245 (-3.78%)

TRMB

Trimble

$36.13

-0.44 (-1.20%)

RUSHA

Rush Enterprises

$43.00

-0.3 (-0.69%)

SLM

Sallie Mae

$11.68

0.015 (0.13%)

ZION

Zions Bancorp

$54.27

0.47 (0.87%)

AMP

Ameriprise

$145.45

1.74 (1.21%)

GOOG

Alphabet

$1,067.70

-5.03 (-0.47%)

ZYME

Zymeworks

$12.08

0.095 (0.79%)

TNDM

TNDM

LQ

La Quinta

$19.55

0.09 (0.46%)

BP

BP

$43.92

0.415 (0.95%)

DGICA

Donegal Group

$15.07

-0.11 (-0.72%)

AMTD

TD Ameritrade

$61.21

-0.04 (-0.07%)

WHR

Whirlpool

$150.31

0.885 (0.59%)

TVTY

Tivity Health

$39.50

-0.6 (-1.50%)

BRO

Brown & Brown

$26.56

0.6 (2.31%)

ABX

Barrick Gold

$12.93

-0.23 (-1.75%)

OI

Owens-Illinois

$21.76

0.13 (0.60%)

EPZM

Epizyme

$15.25

-0.65 (-4.09%)

AGO

Assured Guaranty

$35.90

-0.81 (-2.21%)

CASA

Casa Systems

$29.81

-0.35 (-1.16%)

BBBY

Bed Bath & Beyond

$17.35

0.22 (1.28%)

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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    Apr

UAL

United Continental

$70.32

-1.405 (-1.96%)

18:45
04/23/18
04/23
18:45
04/23/18
18:45
Periodicals
United Continental CEO to forego 2017 bonus, Bloomberg reports »

United Continental CEO…

03/08/13
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03/08/13
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  • 26

    Jun

UAL

United Continental

$70.32

-1.405 (-1.96%)

18:37
04/23/18
04/23
18:37
04/23/18
18:37
Hot Stocks
United Continental chairman Milton will not stand for reelection »

According to a regulatory…

03/08/13
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  • 26

    Jun

INFY

Infosys

$17.43

0.05 (0.29%)

18:12
04/23/18
04/23
18:12
04/23/18
18:12
Hot Stocks
Infosys sees FY18 revenue growth trending at 7.2% rate »

Comments from the Infosys…

03/08/13
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  • 23

    Apr

SFNC

Simmons First National

$28.95

0.2 (0.70%)

18:04
04/23/18
04/23
18:04
04/23/18
18:04
Earnings
Simmons First National reports Q1 core EPS 57c, consensus 52c »

Reports Q1 provision for…

03/08/13
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03/06/13
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03/06/13
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  • 24

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HLX

Helix Energy

$6.24

-0.245 (-3.78%)

18:01
04/23/18
04/23
18:01
04/23/18
18:01
Earnings
Helix Energy reports Q1 EPS (2c), consensus (6c) »

Reports Q1 revenue…

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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  • 24

    Apr

GLRE

Greenlight Capital Re

, AGO

Assured Guaranty

$35.90

-0.81 (-2.21%)

17:50
04/23/18
04/23
17:50
04/23/18
17:50
Hot Stocks
Einhorn says Assured Guaranty has a lot of exposure to Puerto Rico »

Says Assured…

GLRE

Greenlight Capital Re

AGO

Assured Guaranty

$35.90

-0.81 (-2.21%)

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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  • 01

    May

  • 04

    May

TVTY

Tivity Health

$39.50

-0.6 (-1.50%)

17:45
04/23/18
04/23
17:45
04/23/18
17:45
Hot Stocks
Tivity Health falls 19% after Q1 revenue misses estimates »

Shares of Tivity Health…

03/08/13
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03/06/13
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03/06/13
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  • 23

    Apr

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    Jun

TVTY

Tivity Health

$39.50

-0.6 (-1.50%)

17:42
04/23/18
04/23
17:42
04/23/18
17:42
Earnings
Tivity Health affirms FY18 EPS 2.12-$2.20, consensus $2.16 »

Backs FY18 revenue view…

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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  • 23

    Apr

  • 12

    Jun

GLRE

Greenlight Capital Re

, AGO

Assured Guaranty

$35.90

-0.81 (-2.21%)

17:42
04/23/18
04/23
17:42
04/23/18
17:42
Hot Stocks
Greenlight Capital's Einhorn says Assured Guaranty has no room for losses »

Says Assured Guaranty …

GLRE

Greenlight Capital Re

AGO

Assured Guaranty

$35.90

-0.81 (-2.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 01

    May

  • 04

    May

HD

Home Depot

$177.73

0.68 (0.38%)

, LOW

Lowe's

$84.34

0.71 (0.85%)

17:40
04/23/18
04/23
17:40
04/23/18
17:40
Initiation
Home Depot, Lowe's, Tractor Supply, O'Reilly Automotive, AutoZone, At Home Group, National Vision initiated at Wells Fargo »

Home improvement and…

HD

Home Depot

$177.73

0.68 (0.38%)

LOW

Lowe's

$84.34

0.71 (0.85%)

TSCO

Tractor Supply

$61.64

1.33 (2.21%)

ORLY

O'Reilly Automotive

$222.54

1.06 (0.48%)

AZO

AutoZone

$599.45

3.63 (0.61%)

HOME

At Home Group

$34.69

-0.305 (-0.87%)

EYE

National Vision

$31.57

-0.02 (-0.06%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

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    Jun

WBS

Webster Financial

$59.94

0.555 (0.93%)

17:37
04/23/18
04/23
17:37
04/23/18
17:37
Hot Stocks
Webster Financial increases dividend 7c to 33c »

Webster Financial, the…

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

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  • 26

    Apr

SCHW

Charles Schwab

$55.37

0.37 (0.67%)

17:36
04/23/18
04/23
17:36
04/23/18
17:36
Hot Stocks
Charles Schwab chairman Charles Schwab sells 250K shares »

The chairman of brokerage…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 15

    May

NDAQ

Nasdaq

$86.92

-0.52 (-0.59%)

17:36
04/23/18
04/23
17:36
04/23/18
17:36
Periodicals
Nasdaq proposes to let companies pick where their shares trade, Reuters says »

Nasdaq said it plans to…

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

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