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ALB

Albemarle

$131.72

1.5 (1.15%)

, TSLA

Tesla

$316.58

1.96 (0.62%)

07:33
01/08/18
01/08
07:33
01/08/18
07:33

Albemarle upgraded to Outperform at Baird

As reported previously, Baird analyst Ben Kallo upgraded Albemarle (ALB) to Outperform from Neutral as he sees several upcoming catalysts that could drive the shares higher. Those catalysts include upcoming auto shows, which could display new electric cars that are drivers of lithium demand, potential auto announcements regarding electrification, and an ongoing ramp of Tesla's (TSLA) Model 3. Kallo raised his price target to $152 from $135 on Albemarle shares.

ALB

Albemarle

$131.72

1.5 (1.15%)

TSLA

Tesla

$316.58

1.96 (0.62%)

  • 11

    Jan

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    Jan

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    Jan

ALB Albemarle
$131.72

1.5 (1.15%)

11/14/17
11/14/17
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. General Electric (GE) downgraded to Sector Perform from Outperform at RBC Capital with analyst Deane Dray saying that he now expects the turnaround at the company to be more protracted than previously anticipated, noting the roadmap laid out by new CEO John Flannery fell short of expectations regarding the scope of the business model/portfolio changes. 2. Phillips 66 (PSX) downgraded to Underweight from Equal Weight at Barclays analyst Paul Cheng saying the company's diversified business model will likely drive underperformance in a strong margin uptrend environment for U.S. refiners. 3. Hilton (HLT) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Stephen Grambling citing the recent outperformance of the stock for the rating change, but he expects consistent double-digit earnings growth on low single-digit RevPAR. 4. PulteGroup (PHM) downgraded to Neutral from Buy at Buckingham with the firm citing recent share strength and raised its price target to $33 from $31. 5. Albemarle (ALB) downgraded to Hold from Buy at Deutsche Bank with analyst David Begleiter downgraded Albemarle (ALB) to Hold from Buy while raising his price target for the shares to $150 from $130. Following a field trip to China, Begleiter believes new lithium processing capacity is coming, which should begin to pressure prices by 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/15/17
BARD
12/15/17
NO CHANGE
Target $88
BARD
Outperform
W.R. Grace deal helps solidify leadership in Polyolefin catalysts, says Baird
Baird analyst Ben Kallo noted that W.R. Grace (GRA) has a history of successfully integrating acquisitions and expanding margins and he believes the company's latest deal to acquire Albemarle's (ALB) polyolefin catalysts and components business for $416M helps solidify Grace's leadership position in Polyolefin catalysts. Kallo, who views the deal a positive for W.R. Grace, maintains an Outperform rating and $88 price target on its shares.
12/19/17
LOOP
12/19/17
NO CHANGE
Target $150
LOOP
Buy
Albemarle stock price weakness offers opportunity, says Loop Capital
Loop Capital analyst Chris Kapsch keeps his Buy rating and $150 price target on Albemarle, saying investors should take advantage of the recent stock price pullback as the global electric vehicle "adoption story" is accelerating. The analyst notes better visibility for lithium demand and rising prices, attributing the pressure in the company stock to a strong run-up in 2017. Kapsch says the lithium demand growth story should persist for many years.
01/08/18
BARD
01/08/18
UPGRADE
BARD
Outperform
Albemarle upgraded to Outperform from Neutral at Baird
TSLA Tesla
$316.58

1.96 (0.62%)

01/04/18
SBSH
01/04/18
NO CHANGE
Target $367
SBSH
Neutral
Citi doesn't see production update shaking Tesla bulls
The Q4 production update last night likely won't shake the long-term bull camp given that Tesla did show some progress in the quarter, Citi analyst Itay Michaeli tells investors in a research note. He believes, however, that further delays on the Model 3 production ramp brings a renewed focus on Tesla's balance sheet risk. It might also keep the shares range-bound as investors seek further signs of progress/catalysts ahead, Michaeli contends. He keeps a Neutral rating on Tesla shares with a $367 price target.
01/04/18
BARD
01/04/18
NO CHANGE
Target $411
BARD
Outperform
Tesla's upcoming catalysts keep Baird a buyer
Baird analyst Ben Kallo noted revised production targets from Tesla, but said the slower ramp provides insight into production bottlenecks. He believes the company will be able to ramp Model 3 production and that demand could accelerate with positive reviews from early customers. The analyst also believes the Model 3's total addressable market could be even larger than bulls project. Kallo reiterated his Outperform rating and $411 price target on Tesla shares.
01/04/18
JPMS
01/04/18
NO CHANGE
Target $185
JPMS
Underweight
JPMorgan keeps $185 target on Tesla after production shortfall
JPMorgan analyst Ryan Brinkman reiterates an Underweight rating on Tesla shares with a $185 price target after the company's Model 3 deliveries in Q4 came in at 1,550, well below his 10,000 estimate. The stock in premarket trading is down 3%, or $11.00, to $306.25. The weaker than expected launch is likely the result of too optimistic assumptions on the company's part as regards the ease of manufacturing the Model 3, Brinkman tells investors in a research note titled "Model 3 Ramp Falls Far Short Again - Has Tesla Overestimated its Ease of Manufacture? Reiterate UW." The analyst believes that if the Q3 and Q4 production shortfalls stem from an overestimation of the ease to manufacture, then likely the associated cost to manufacture has been underestimated. He thinks this would reinforce his more bearish outlook on Tesla.
01/04/18
MSCO
01/04/18
NO CHANGE
Target $379
MSCO
Equal Weight
Morgan Stanley says Tesla Model 3 target shift 'should not at all be a surprise'
Morgan Stanley analyst Adam Jonas noted that Tesla posted delivery figures for Q4 that topped his forecast for each model line it offers, including the Model 3, adding that he thinks Tesla pushing out its production target of 5,000 Model 3 per week to the end of Q2 "should not at all be a surprise to the market." Jonas said his Q1 Model 3 delivery forecast of 8,000 units implies a pace of less than 700 per week, but Tesla appears to be currently producing the mass-market car at a pace well ahead of that implied in his earnings model. The analyst, who also noted that the company's Q4 deliveries suggest revenue 10% above his prior forecast, maintains an Equal Weight rating on the shares but said he would "buy the dip" in Tesla if the delayed Model 3 ramp causes weakness.

TODAY'S FREE FLY STORIES

SNE

Sony

$48.38

-0.22 (-0.45%)

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BOFI

BofI Holding

$41.97

0.29 (0.70%)

20:40
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SNE

Sony

$48.38

-0.22 (-0.45%)

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  • 21

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SNE

Sony

$48.38

-0.22 (-0.45%)

20:25
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Sony to hold IR Day 2018 »

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  • 21

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TJX

TJX

$84.66

-0.15 (-0.18%)

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AutoZone

$665.68

13.03 (2.00%)

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AAP

Advance Auto Parts

$119.18

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EV

Eaton Vance

$58.05

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TOL

Toll Brothers

$43.60

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IGT

International Game

$29.75

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ADBE

Adobe

$238.00

-0.04 (-0.02%)

19:54
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Recommendations
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SNE

Sony

$48.38

-0.22 (-0.45%)

19:36
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Periodicals
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  • 21

    May

K

Kellogg

$60.77

0.58 (0.96%)

19:28
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19:28
Conference/Events
Kellogg management to meet with JPMorgan »

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ST

Sensata

$52.58

(0.00%)

19:24
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Earnings
Sensata backs FY18 EPS view $3.57-$3.73 following valves business sale »

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  • 21

    May

ST

Sensata

$52.58

(0.00%)

19:22
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Sensata enters $173M deal to sell its valves business to Pacific Industrial Co »

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  • 21

    May

ELLI

Ellie Mae

$104.16

0.35 (0.34%)

19:20
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Conference/Events
Ellie Mae management to meet with JPMorgan »

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  • 22

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FB

Facebook

$184.48

1.79 (0.98%)

19:19
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Periodicals
U.K. lawmakers seek answers from Facebook CEO on data misuse, Reuters says »

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  • 03

    Jun

BA

Boeing

$363.95

12.71 (3.62%)

19:18
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05/21
19:18
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19:18
Periodicals
Boeing Charleston workers to vote on union representation on May 31, WSJ says »

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  • 30

    May

ESLOY

Essilor

$0.00

(0.00%)

19:17
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Conference/Events
Essilor management to meet with JPMorgan »

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  • 23

    May

WIX

Wix.com

$85.45

-3.25 (-3.66%)

, SHOP

Shopify

$144.58

-2.45 (-1.67%)

19:06
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Recommendations
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Wix.com

$85.45

-3.25 (-3.66%)

SHOP

Shopify

$144.58

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ADBE

Adobe

$238.00

-0.04 (-0.02%)

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  • 21

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MU

Micron

$55.48

2.11 (3.95%)

19:05
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  • 21

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GSM

Ferroglobe

$11.35

0.36 (3.28%)

, CRMT

America's Car-Mart

$54.60

-0.05 (-0.09%)

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$11.35

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CRMT

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$54.60

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MU

Micron

$55.48

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MUFG

Mitsubishi UFJ

$6.45

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AKAM

Akamai

$76.46

1.13 (1.50%)

ADBE

Adobe

$238.00

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PSTG

Pure Storage

$23.60

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NDSN

Nordson

$139.50

4.45 (3.30%)

IGT

International Game

$29.75

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LBY

Libbey

$6.84

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ARDX

Ardelyx

$5.65

-0.15 (-2.59%)

SAIL

SailPoint

$22.43

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CADE

Cadence Bancorp

$29.07

0.01 (0.03%)

TWOU

2U

$95.50

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MYOK

MyoKardia

$48.30

-3.45 (-6.67%)

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Shopify

$144.58

-2.45 (-1.67%)

AIR

AAR Corp.

$47.70

0.74 (1.58%)

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AVA

Avista

$52.62

0.07 (0.13%)

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DEST

Destination Maternity

$2.68

-0.03 (-1.11%)

18:40
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  • 23

    May

ARWR

Arrowhead

$9.78

-0.21 (-2.10%)

18:35
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Conference/Events
Arrowhead management to meet with Jefferies »

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  • 24

    May

JHX

James Hardie

$17.32

(0.00%)

18:31
05/21/18
05/21
18:31
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18:31
Earnings
James Hardie reports FY18 net profit $146.1M vs. $276.5M last year »

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WST

West Pharmaceutical

$90.13

0.88 (0.99%)

18:27
05/21/18
05/21
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18:27
Conference/Events
West Pharmaceutical management to meet with Jefferies »

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  • 21

    May

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  • 19

    Jun

SSRM

SSR Mining

$10.30

0.02 (0.19%)

18:20
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18:20
Conference/Events
SSR Mining management to meet with Jefferies »

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  • 23

    May

PDCE

PDC Energy

$65.33

1.57 (2.46%)

18:18
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Hot Stocks
PDC Energy Amidon sells 8,045 common shares »

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  • 19

    Aug

GSM

Ferroglobe

$11.35

0.36 (3.28%)

18:15
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Conference/Events
Ferroglobe management to meet with Jefferies »

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