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HAWK

Blackhawk

$33.60

-0.65 (-1.90%)

13:10
01/04/18
01/04
13:10
01/04/18
13:10

Bullish option play opened in BlackHawk will triple open interest in the name

Bullish option play opened in BlackHawk will triple open interest in the name. The stock up 57c to $34.17 and 10K Feb 35 - 40, 1X2, call spreads bought for 52.5c. Position size is notable since HAWK currently has just 9K open interest across all strikes. The spread targets a 17% move to $40 through the February expiration and likely captures earnings, expected 2/15. The stock tanked 20.5% to $35.15 on 10/12/17 after the last report.

HAWK Blackhawk
$33.60

-0.65 (-1.90%)

11/03/17
DBAB
11/03/17
NO CHANGE
Target $51
DBAB
Buy
Blackhawk oversold after key contract renewal, says Deutsche Bank
Deutsche Bank analyst Bryan Keane believes the recent weakness in shares of Blackhawk Network (HAWK) provides a buying opportunity. The company yesterday announced a key contract renewal with Kroger, its largest customer, which likely represents 6% of worldwide operating revenue, Keane tells investors in a research note. The stock fell sharply after the last earnings call after the company warned of U.S. Retail pricing pressure, but pricing is now under control after this contract renewal, the analyst contends. He now believe that all the material Blackhawk contracts have been extended until 2021. Keane views the stock as oversold at current levels and keeps a Buy rating on the name with a $51 price target.
10/18/17
10/18/17
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. Chevron (CVX) was downgraded to Hold from Buy at Societe Generale and to Market Perform on valuation at BMO Capital. 2. Ulta Beauty (ULTA) downgraded to Neutral from Overweight at Piper Jaffray with analyst Erinn Murphy saying her firm's Fall teen survey indicated spending declines in color cosmetics among all female teens. 3. Chipotle (CMG) downgraded to Underperform from Neutral at BofA/Merrill with analyst Gregory Francort saying he believes Chipotle has down a "very good job" managing labor costs but expects further gains to be difficult, combined with the tough sales backdrop, will limit further margin expansion. 4. Roche (RHHBY) downgraded to Neutral from Buy at Citi with analyst Andrew Baum saying Roche's rate of progress in the immuno-oncology field have underperformed. 5. Blackhawk (HAWK) downgraded to Neutral from Buy at Mizuho. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/18/17
MZHO
10/18/17
DOWNGRADE
MZHO
Neutral
Blackhawk downgraded to Neutral from Buy at Mizuho
10/12/17
RHCO
10/12/17
NO CHANGE
Target $43
RHCO
Buy
Blackhawk price target lowered to $43 from $50 at SunTrust
SunTrust analyst Oscar Turner lowered his price target on Blackhawk Network to $43 after yesterday's Q3 revenue miss and soft guidance. Turner notes that the headwinds in the physical U.S. retail space are "meaningful," but adds that growth opportunities in Digital, Incentives and International businesses over the longer term are "offsets." The analyst maintains a Buy rating on Blackhawk.

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