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GPRO

GoPro

$7.52

-0.05 (-0.66%)

08:10
01/08/18
01/08
08:10
01/08/18
08:10

GoPro downgraded ahead of expected negative preannouncement at Longbow

As previously reported, Longbow analyst Joe Wittine downgraded GoPro to Neutral from Buy, predicting the company will issue a negative preannouncement this week in concert with its appearance at the CES event. His channel checks confirmed the holidays missed the company's plan and late quarter $100 price cuts were not enough to save the quarter, Wittine tells investors. He hoped for a stronger-than-typical Q1 sell-in, but that has also become less likely based on channel inventory, added Wittine.

  • 08

    Jan

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    Jan

GPRO GoPro
$7.52

-0.05 (-0.66%)

10/18/17
10/18/17
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. Merck (MRK) upgraded to Buy from Neutral at Citi with analyst Andrew Baum saying while Merck's non-Keytruda business continues to erode, the market is undervaluing both the ultimate patient derived xenograft market size and Merck's likely market share with Keytruda. 2. GoPro (GPRO) upgraded to Buy from Neutral at Longbow with analyst Joe Wittine noting that the stock's valuation has returned to early 2017 levels, which he views as "misguided" given the execution improvement made since that time. 3. Omnicom (OMC) upgraded to Outperform from Market Perform at Telsey Advisory with analyst Tom Eagan saying Omnicom's North American growth for the third quarter was up 2.1%, a turnaround from the first half of 2017 deceleration. 4. Magna (MGA) upgraded to Buy from Underperform at BofA/Merrill with analyst John Murphy upgrading Magna two notches and saying the company has the expertise in numerous components and architectures of the vehicle that provide a unique competitive advantage in the evolution of the automotive industry towards technological advancement. 5. Grainger (GWW) upgraded to Outperform from Perform at Oppenheimer with analyst Christopher Glynn citing the company's third quarter results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/17
SBSH
11/02/17
NO CHANGE
Target $10
SBSH
Neutral
GoPro expectations got ahead of guidance, says Citi
Citi analyst Stanley Kovler says that while GoPro reported a Q3 beat, Q4 was essentially guided down after investor expectations increased following several rounds of positive Q3 related updates. The analyst left the Q3 results feeling GoPro will make an aggressive push on volumes via bundling and promotional activity but will likely stop short of discounting Hero5. The analyst lowered his price target for the shares to $10 from $11 and keeps a Neutral rating on the shares.
11/27/17
MSCO
11/27/17
NO CHANGE
MSCO
Morgan Stanley checks 'concerning' for GoPro demand
Morgan Stanley analyst Yuuji Anderson said the firm's checks pointed to improved sell-through and receptivity for GoPro's (GPRO) HERO6 camera, but that demand for the older HERO5 appears to be behind targets. He called the early holiday season checks "concerning," saying the combined demand for those two cameras is not sufficiently offsetting the lack of an entry-level product. Increased demand for the Ionic smartwatch and demand for older products that appears in-line with expectations leads Anderson to think Fitbit (FIT) is tracking to an in-line Q4, he said. Meanwhile, sell-through and receptivity for Garmin's (GRMN) Vivoactive 3 has been very good, Anderson added.
01/08/18
LBOW
01/08/18
DOWNGRADE
LBOW
Neutral
GoPro downgraded to Neutral from Buy at Longbow

TODAY'S FREE FLY STORIES

CDAY

Ceridian

$34.31

-0.885 (-2.51%)

05:16
05/23/18
05/23
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05/23/18
05:16
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Ceridian analyst commentary  »

Ceridian reported…

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MDSO

Medidata

$75.53

-0.45 (-0.59%)

05:11
05/23/18
05/23
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05:11
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Medidata analyst commentary  »

Medidata price target…

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  • 31

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VIRT

Virtu Financial

$29.10

-0.7 (-2.35%)

05:03
05/23/18
05/23
05:03
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05:03
Initiation
Virtu Financial initiated  »

Virtu Financial initiated…

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KRO

Kronos Worldwide

$24.77

-0.165 (-0.66%)

04:59
05/23/18
05/23
04:59
05/23/18
04:59
Upgrade
Kronos Worldwide rating change  »

Kronos Worldwide upgraded…

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DSW

DSW

$25.64

0.04 (0.16%)

, JWN

Nordstrom

$45.79

-0.05 (-0.11%)

04:56
05/23/18
05/23
04:56
05/23/18
04:56
Downgrade
DSW, Nordstrom rating change  »

DSW downgraded to Hold…

DSW

DSW

$25.64

0.04 (0.16%)

JWN

Nordstrom

$45.79

-0.05 (-0.11%)

03/08/13
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03/06/13
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03/06/13
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  • 29

    May

PLAB

Photronics

$9.05

0.6 (7.10%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
Photronics to hold an analyst and investor event »

Analyst and Investor…

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  • 23

    May

TMO

Thermo Fisher

$217.88

1.2 (0.55%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
Thermo Fisher to host analyst meeting »

Analyst meeting to be…

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  • 23

    May

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CAFD

8point3 Energy

$12.19

(0.00%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
8point3 Energy to host special shareholder meeting »

Special shareholder…

03/08/13
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03/06/13
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  • 23

    May

WST

West Pharmaceutical

$90.09

-0.04 (-0.04%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
West Pharmaceutical management to meet with Jefferies »

Meeting to be held in San…

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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  • 23

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FMBI

First Midwest

$26.40

0.25 (0.96%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
First Midwest management to meet with Piper Jaffray »

Meeting to be held in…

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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  • 23

    May

SRDX

Surmodics

$49.10

0.8 (1.66%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
Surmodics management to meet with Barrington »

Meetings to be held in…

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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  • 23

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OTEX

OpenText

$34.21

0.11 (0.32%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
OpenText management to meet with Benchmark »

Meeting to be held in…

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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  • 23

    May

04:55
05/23/18
05/23
04:55
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04:55
General news
Breaking General news story  »

FOMC Minutes to be…

WD

Walker & Dunlop

$56.00

-0.1 (-0.18%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
Walker & Dunlop management to meet with JMP Securities »

Meetings to be held in…

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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  • 23

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    May

WWE

WWE

$56.88

-0.98 (-1.69%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
WWE management to meet with MKM Partners »

Meeting to be held in…

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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  • 23

    May

BMCH

BMC Stock Holdings

$19.75

-0.7 (-3.42%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
BMC Stock Holdings management to meet with Stephens »

Meetings to be held in…

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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  • 23

    May

  • 24

    May

LOGI

Logitech

$40.86

0.15 (0.37%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
Logitech management to meet with Citi »

Meetings to be held in…

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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  • 23

    May

04:55
05/23/18
05/23
04:55
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04:55
General news
Breaking General news story  »

Minneapolis Federal…

MTOR

Meritor

$21.94

-0.2 (-0.90%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
Meritor management to meet with RBC Capital »

Meetings to be held in…

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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  • 23

    May

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GGG

Graco

$46.70

-0.64 (-1.35%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
Graco management to meet with Oppenheimer »

Meeting to be held in…

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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  • 23

    May

SSRM

SSR Mining

$10.28

-0.02 (-0.19%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
SSR Mining management to meet with Jefferies »

Meeting to be held in…

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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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  • 23

    May

NVEE

NV5 Global

$60.05

-0.55 (-0.91%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
NV5 Global management to meet with Lake Street »

Meetings to be held in…

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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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  • 23

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QTM

Quantum

$3.65

0.025 (0.69%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
Quantum management to meet with Lake Street »

Meeting to be held in Los…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 23

    May

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    May

WERN

Werner

$38.30

-0.7 (-1.79%)

, USAK

USA Truck

$23.19

-3.3 (-12.46%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
Wolfe Research to hold a conference »

11th Annual Global…

WERN

Werner

$38.30

-0.7 (-1.79%)

USAK

USA Truck

$23.19

-3.3 (-12.46%)

LKQ

LKQ Corp.

$30.14

-0.62 (-2.02%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 23

    May

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  • 20

    Jun

AGS

PlayAGS

$22.83

-0.21 (-0.91%)

, BYD

Boyd Gaming

$36.45

-0.54 (-1.46%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
SunTrust to hold a bus tour »

Casino Bus tour travels…

AGS

PlayAGS

$22.83

-0.21 (-0.91%)

BYD

Boyd Gaming

$36.45

-0.54 (-1.46%)

CZR

Caesars

$12.65

-0.2 (-1.56%)

RRR

Red Rock Resorts

$34.09

-0.54 (-1.56%)

LGND

Ligand

$187.19

1.95 (1.05%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 29

    May

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