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DRI

Darden

$99.31

0.79 (0.80%)

07:04
01/08/18
01/08
07:04
01/08/18
07:04

Darden to record non-cash net tax benefits of approximately $70M from Tax Act

The company also announced the fiscal 2018 anticipated financial impacts of H.R. 1, originally known as the Tax Cuts and Jobs Act enacted on December 22, 2017. During the Company's fiscal third quarter ending February 25, 2018, the Company will be required to revalue its deferred tax assets and deferred tax liabilities to account for the future impact of lower corporate tax rates on these deferred amounts. Based upon preliminary analysis, the Company estimates that it will record non-cash net tax benefits of approximately $70M, or approximately 56c per diluted share, related to the revaluation of these deferred tax items.

  • 08

    Jan

  • 08

    Jan

DRI Darden
$99.31

0.79 (0.80%)

12/21/17
ARGS
12/21/17
UPGRADE
ARGS
Buy
Darden upgraded to Buy from Hold at Argus
12/21/17
12/21/17
UPGRADE
Target $108

Buy
Darden upgraded to Buy after 'strong' quarter at Argus
As previously reported, Argus analyst John Staszak upgraded Darden to Buy from Hold after the company's "strong" Q2 report, contending that the company can transfer the initiatives to price aggressively, lower costs and increase customer traffic at Olive Garden to also improve results at its specialty brands. The analyst, who said he views management's guidance as conservative and raised his own Darden estimates, set a $108 price target on the stock.
12/21/17
12/21/17
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. Darden (DRI) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's "strong" second quarter report, contending that the company can transfer the initiatives to price aggressively, lower costs and increase customer traffic at Olive Garden to also improve results at its specialty brands. 2. Exxon Mobil (XOM) was upgraded to Focus List from Outperform and Royal Dutch Shell (RDS.A) was upgraded to Outperform at Scotia Howard Weil. 3. JPMorgan (JPM) and Wells Fargo (WFC) were upgraded to Buy from Neutral at Buckingham. 4. Community Bank System (CBU) upgraded to Hold from Sell at Sandler O'Neill. 5. Spirit Airlines (SAVE) upgraded to Buy from Hold at Deutsche Bank with analyst Michael Linenberg saying he believes Airline underperformers in 2017 could see the most upside in 2018 as their prospects improve. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/03/18
RHCO
01/03/18
NO CHANGE
Target $205
RHCO
Buy
McDonald's price target raised to $205 from $178 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on McDonald's to $205 and keeps his Buy rating as part of his "Buy the Tax News" research note on Restaurants. Bartlett says tax reform will be a "windfall for restaurants", boosting their top-line on increased consumer spending and bottom-line through tax expense reduction. The analyst anticipates about 50-100bps improvement in comps, along with a shift away from the deep-value promotional environment of the past few years. Bartlett also raises his price target on Cracker Barrel (CBRL) to $163 from $140, Chipotle (CMG) to $363 from $355, Darden (DRI) to $109 from $95, and Wingstop (WING) to $50 from $40.

TODAY'S FREE FLY STORIES

SNPS

Synopsys

$90.29

1.05 (1.18%)

21:14
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  • 23

    May

AMZN

Amazon.com

$1,601.77

19.67 (1.24%)

21:04
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Amazon Web Services to invest in Chile as part of LatAm expansion, Reuters says »

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  • 04

    Jun

SRRK

Scholar Rock

$0.00

(0.00%)

21:01
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05/23
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21:01
Syndicate
Scholar Rock 5.36M share IPO priced at $14.00 »

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  • 24

    May

KNSA

Kiniksa

$0.00

(0.00%)

21:00
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05/23
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Syndicate
Kiniksa 8.5M share IPO priced at $18.00 »

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  • 24

    May

GSKY

GreenSky

$0.00

(0.00%)

20:58
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05/23
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Syndicate
GreenSky 38M share IPO priced at $23.00 »

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  • 24

    May

SAIL

SailPoint

$23.30

1.29 (5.86%)

20:56
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05/23
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20:56
Syndicate
SailPoint 17.808M share Secondary priced at $22.50 »

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  • 24

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CLPS

CLPS

$0.00

(0.00%)

20:55
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05/23
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20:55
Syndicate
CLPS 2M share IPO priced at $5.25 »

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  • 24

    May

MDT

Medtronic

$85.29

0.305 (0.36%)

, MCK

McKesson

$146.84

0.39 (0.27%)

20:25
05/23/18
05/23
20:25
05/23/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MDT

Medtronic

$85.29

0.305 (0.36%)

MCK

McKesson

$146.84

0.39 (0.27%)

BBY

Best Buy

$75.73

0.255 (0.34%)

HRL

Hormel Foods

$35.82

-0.01 (-0.03%)

TTC

Toro Company

$60.32

-0.08 (-0.13%)

SAFM

Sanderson Farms

$107.13

1.19 (1.12%)

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 24

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BPOP

Popular

$46.94

-0.31 (-0.66%)

20:07
05/23/18
05/23
20:07
05/23/18
20:07
Hot Stocks
Popular announces early termination of FDIC shared-loss agreements »

Popular, Inc announced…

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WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

20:04
05/23/18
05/23
20:04
05/23/18
20:04
Recommendations
Williams-Sonoma analyst commentary at Loop Capital »

Williams-Sonoma earnings…

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03/08/13
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  • 23

    May

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

, SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

19:59
05/23/18
05/23
19:59
05/23/18
19:59
Periodicals
Breaking Periodicals news story on iShares MSCI South Korea Index Fund, SPDR S&P 500 ETF Trust, S&P 500 »

N Korea foreign ministry…

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

SPX

S&P 500

$0.00

(0.00%)

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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CVX

Chevron

$128.70

0.465 (0.36%)

19:39
05/23/18
05/23
19:39
05/23/18
19:39
Hot Stocks
Canadian court affirms dismissal of suit against Chevron subsidiary »

The Ontario Court of…

03/08/13
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EA

Electronic Arts

$133.49

1.31 (0.99%)

19:19
05/23/18
05/23
19:19
05/23/18
19:19
Hot Stocks
Electronic Arts CTO sells 10,000 common shares »

In a regulatory filing,…

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CCL

Carnival

$64.67

-0.39 (-0.60%)

19:14
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05/23
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Carnival CEO expects China to become the largest cruise market, CNBC says »

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  • 30

    May

PBR

Petrobras

$15.10

-0.6 (-3.82%)

19:11
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19:11
Periodicals
Petrobras slashes diesel price 10% to resolve trucker protest, Reuters says »

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SRPT

Sarepta

$88.94

-0.24 (-0.27%)

19:05
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Sarepta granted orphan status for DMD treatment golodirsen »

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  • 20

    Jun

BZLFF

Bunzl

$0.00

(0.00%)

19:03
05/23/18
05/23
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19:03
Downgrade
Bunzl rating change at Goldman Sachs »

Bunzl downgraded to…

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WUBA

58.com

$84.56

1.39 (1.67%)

19:02
05/23/18
05/23
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19:02
Earnings
Breaking Earnings news story on 58.com »

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  • 24

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  • 10

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WUBA

58.com

$84.56

1.39 (1.67%)

19:01
05/23/18
05/23
19:01
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19:01
Earnings
58.com reports Q1 adjusted earnings per ADS 33c, consensus 21c »

Reports Q1 revenue $393M,…

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  • 24

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  • 10

    Sep

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

, LASR

nLight

$30.00

-1.79 (-5.63%)

18:58
05/23/18
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18:58
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

LASR

nLight

$30.00

-1.79 (-5.63%)

SNPS

Synopsys

$90.29

1.05 (1.18%)

LB

L Brands

$34.05

0.06 (0.18%)

NTAP

NetApp

$66.61

-0.41 (-0.61%)

DGLY

Digital Ally

$2.55

-0.075 (-2.86%)

FCAU

Fiat Chrysler

$22.47

-0.155 (-0.69%)

TM

Toyota

$134.85

-0.89 (-0.66%)

03/08/13
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  • 23

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  • 11

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  • 10

    Jul

CPRT

Copart

$52.93

-0.06 (-0.11%)

18:54
05/23/18
05/23
18:54
05/23/18
18:54
Earnings
Copart reports Q3 adjusted EPS 52c, consensus 50c »

Reports Q3 revenue…

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  • 24

    May

AAPL

Apple

$188.36

1.08 (0.58%)

, VLKAY

Volkswagen

$0.00

(0.00%)

18:45
05/23/18
05/23
18:45
05/23/18
18:45
Periodicals
Apple signs pact with VW over self-driving cars, NY Times says »

Apple (AAPL) has signed…

AAPL

Apple

$188.36

1.08 (0.58%)

VLKAY

Volkswagen

$0.00

(0.00%)

BMWYY

BMW

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

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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PBR

Petrobras

$15.10

-0.6 (-3.82%)

18:24
05/23/18
05/23
18:24
05/23/18
18:24
Periodicals
Breaking Periodicals news story on Petrobras »

Petrobras under scrutiny…

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NFLX

Netflix

$344.70

13.08 (3.94%)

, CMCSA

Comcast

$31.87

-0.64 (-1.97%)

18:03
05/23/18
05/23
18:03
05/23/18
18:03
Periodicals
Netflix market value now higher than Comcast, Recode says »

Netflix's (NFLX)…

NFLX

Netflix

$344.70

13.08 (3.94%)

CMCSA

Comcast

$31.87

-0.64 (-1.97%)

CMCSK

Comcast

$0.00

(0.00%)

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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CE

Celanese

$113.87

-0.05 (-0.04%)

18:01
05/23/18
05/23
18:01
05/23/18
18:01
Hot Stocks
Celanese to increase selling prices on acetyl intermediate products »

To raise prices on Vinyl…

03/08/13
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