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ACN

Accenture

$159.11

0.21 (0.13%)

, HPQ

HP Inc.

$22.41

0.36 (1.63%)

04:55
01/12/18
01/12
04:55
01/12/18
04:55

Consumer Technology Association to hold a conference

CES 2018 is being held in Las Vegas on January 8-12.

ACN

Accenture

$159.11

0.21 (0.13%)

HPQ

HP Inc.

$22.41

0.36 (1.63%)

SNE

Sony

$50.28

0.5 (1.00%)

MXIM

Maxim Integrated

$54.59

0.99 (1.85%)

P

Pandora

$4.57

0.04 (0.88%)

W

Wayfair

$85.39

2.43 (2.93%)

V

Visa

$119.84

0.86 (0.72%)

JBL

Jabil Circuit

$27.44

0.52 (1.93%)

CSCO

Cisco

$40.10

0.19 (0.48%)

GOOG

Alphabet

$1,105.52

2.91 (0.26%)

SIRI

SiriusXM

$5.50

-0.055 (-0.99%)

VERI

Veritone

$23.18

-0.2 (-0.86%)

C

Citi

$75.56

-0.09 (-0.12%)

VZ

Verizon

$52.11

0.42 (0.81%)

NVDA

Nvidia

$224.08

0.4 (0.18%)

LXFT

Luxoft

$57.00

0.6 (1.06%)

HPJ

Highpower International

$4.05

-0.05 (-1.22%)

GM

General Motors

$44.19

1.19 (2.77%)

IBM

IBM

$164.20

0.02 (0.01%)

ERIC

Ericsson

$6.89

0.1 (1.47%)

BB

BlackBerry

$13.45

-0.22 (-1.61%)

MA

MasterCard

$160.92

1.06 (0.66%)

DBD

Diebold

$18.20

0.9 (5.20%)

UA

Under Armour; also tag UAA

$14.13

0.19 (1.36%)

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ACN Accenture
$159.11

0.21 (0.13%)

01/02/18
FBCO
01/02/18
NO CHANGE
Target $165
FBCO
Neutral
Accenture price target raised to $165 from $134 at Credit Suisse
Credit Suisse analyst Charles Brennan raised his price target for Accenture to $165 from $134 after the company reported stronger than expected results. The analyst reiterates a Neutral rating on the shares.
12/22/17
PIVT
12/22/17
NO CHANGE
Target $180
PIVT
Buy
Accenture price target raised to $180 from $165 at Pivotal Research
Pivotal Research analyst Lou Miscioscia raised his price target for Accenture to $180 following the company's Q1 results. The company continues to benefit from a "tech super cycle," Miscioscia tells investors in a research note. He keeps a Buy rating on Accenture.
12/22/17
CANT
12/22/17
NO CHANGE
Target $180
CANT
Overweight
Accenture price target raised to $180 from $151 at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi raised his price target for Accenture to $180 citing the company's "strong" Q1 results. The analyst believes Accenture remains well positioned to take market share in the outsourcing industry and keeps an Overweight rating on the stock.
12/27/17
BARD
12/27/17
NO CHANGE
Target $162
BARD
Neutral
Accenture estimates lowered to reflect higher expected tax rate at Baird
Baird analyst David Koning lowered his estimates on Accenture to reflect a higher expected tax rate beginning in 2019. He sees Street estimate being lowered, which should keep the stock soft near-term. Koning sees the risk/reward as balanced and reiterated his Neutral rating and $162 price target on Accenture shares.
HPQ HP Inc.
$22.41

0.36 (1.63%)

11/22/17
BMOC
11/22/17
NO CHANGE
Target $23
BMOC
Market Perform
HP Inc price target raised to $23 from $20 at BMO Capital
BMO Capital analyst Tim Long raised his price target on HP Inc to $23 and kept his Market Perform rating following a "mixed" earnings report that showed an "impressive" top line offset by weaker margins. Long says that while the company's segments saw strong annual growth, high commodity cost continued to weigh on the bottom line. The analyst adds that he is positive on the long-term impact of A3 printers, but the stock continues to face end-market headwinds.
11/14/17
WELS
11/14/17
INITIATION
Target $21
WELS
Market Perform
HP Inc. resumed with a Market Perform at Wells Fargo
Wells Fargo analyst Aaron Rakers resumed coverage of HP Inc. with a Market Perform rating and $21 price target.
11/22/17
DBAB
11/22/17
NO CHANGE
Target $25
DBAB
Buy
HP Inc. target raised to $25 on 'solid' results at Deutsche Bank
Deutsche Bank analyst Sherri Scribner raised her price target for HP Inc. shares to $25 from $23 saying the company last night reported "solid" results and maintained a "strong" fiscal year growth outlook. The analyst reiterates a Buy rating on the shares.
11/16/17
PIPR
11/16/17
NO CHANGE
Target $60
PIPR
Overweight
NetApp price target raised to $60 from $52 at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski raised his price target for NetApp to $60 saying the company reported "very strong" Q2 results, with all metrics exceeding the mid-point of guidance and consensus. The quarter shows that NetApp continues to take share from HP (HPQ), Dell/EMC and IBM (IBM), Nowinski tells investors in a post-earnings research note. He expects the share gains to continue and reiterates an Overweight rating on NetApp shares.
SNE Sony
$50.28

0.5 (1.00%)

11/17/17
RILY
11/17/17
NO CHANGE
Target $36
RILY
Neutral
21st Century Fox price target raised to $36 from $29 at B. Riley FBR
B. Riley FBR analyst Barton Crockett raised his price target for 21st Century Fox (FOXA) to $36 citing recent reports that Disney (DIS), Comcast (CMCSA), Verizon (VZ) or Sony (SNE) may make offers for the company. The "formerly unthinkable" prospect of Rupert Murdoch selling assets is likely to be factored into the equity price for some time, Crockett tells investors in a research. He keeps a Neutral rating on Fox given the stock's proximity to his new target.
10/11/17
10/11/17
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. Schlumberger (SLB) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Boyd saying he sees risk to 2018 estimates and limited room for multiple expansion. 2. Sony (SNE) downgraded to Equal Weight from Overweight at Morgan Stanley 3. Chico's (CHS) downgraded to Underperform from Neutral at BofA/Merrill with analyst Lorraine Hutchinson saying the premium multiple is unwarranted. 4. Robert Half (RHI) downgraded to Hold from Buy at SunTrust with analyst Tobey Sommer citing the recent underperformance relative to the U.S. staffing market and moderating growth of accounting jobs. 5. Coach (COH) downgraded to Neutral from Outperform at Consumer Edge. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/17
MSCO
10/11/17
DOWNGRADE
MSCO
Equal Weight
Sony downgraded to Equal Weight from Overweight at Morgan Stanley
12/07/17
BARD
12/07/17
NO CHANGE
BARD
Data so far suggesting healthy holiday game sales, says Baird
Baird analyst Colin Sebastian noted that French game maker Ubisoft (UBSFY) raised its revenue and margin guidance for the December quarter, which he views as a slight positive for video game industry sales momentum this holiday season. Data also point to solid sales for both Sony's (SNE) PS4 and Nintendo's (NTDOY) Switch, which are a driver of software as well as a key catalyst for Gamestop (GME), Sebastian added. Other publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), Take-Two (TTWO) and Microsoft (MSFT).
MXIM Maxim Integrated
$54.59

0.99 (1.85%)

12/15/17
JPMS
12/15/17
NO CHANGE
JPMS
JPMorgan sees opportunities in Wireless Semiconductors, prefers Qorvo
JPMorgan analyst Bill Peterson believes the recent pullback in Wireless Semiconductor names, specifically Apple-exposed stocks, creates a good opportunity for investors to take long positions. The analyst sees the most upside in Qorvo (QRVO). He believes fears of production cuts and demand weakness are overblown. The December quarter and outlook for the March quarter are tracking to company expectations that have been built on conservative prospects for smartphone demand, Peterson tells investors in a research note.
12/11/17
DBAB
12/11/17
NO CHANGE
Target $50
DBAB
Buy
Intel price target raised to $50 from $45 at Deutsche Bank
Deutsche Bank analyst Ross Seymore raised his price target for Intel to $50 and keeps a Buy rating on the shares. The analyst expects "secular growth hopes" in the semiconductor space to continue in 2018, but be increasingly offset by slowing sector-wide growth and potential compression in "somewhat elevated" valuations. His top picks in the space are Intel, Inphi (IPHI), Maxim Integrated (MXIM), MaxLinear (MXL) and Microsemi (MSCC).
10/20/17
RHCO
10/20/17
NO CHANGE
Target $53
RHCO
Hold
Maxim Integrated price target raised to $53 from $48 at SunTrust
SunTrust analyst William Stein raised his price target on Maxim Integrated to $53 following Q3 earnings and guidance that suggested strong demand. Stein maintains a Hold rating however, citing longer term concerns with risks related to handset exposure and a stretched valuation.
10/20/17
LOOP
10/20/17
NO CHANGE
Target $57
LOOP
Buy
Maxim Integrated price target raised to $57 from $53 at Loop Capital
Loop Capital analyst Betsy Van Hees raised her price target on Maxim Integrated to $57 following Q1 results that saw improved outlook in automotive, consumer, and industrial sectors. Van Hees maintains her Buy rating, expecting additional market share gains in auto, continued consumer diversification, and strong shareholder returns.
P Pandora
$4.57

0.04 (0.88%)

12/12/17
PIPR
12/12/17
NO CHANGE
Target $9
PIPR
Overweight
Piper likes Pandora risk/return at current share levels
After traveling with management, Piper Jaffray analyst Stan Meyers says he likes risk/return profile of Pandora Media shares at current levels. The analyst left the meetings "more comfortable with the evolving Pandora story." He sees improving monetization, listenership growth and cost reductions driving Pandora's growth. The analyst reiterates an Overweight rating on the shares with a $9 price target.
01/08/18
MSCO
01/08/18
DOWNGRADE
Target $6
MSCO
Equal Weight
Pandora downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne downgraded Pandora (P) to Equal Weight from Overweight, noting that the company's core free product has not evolved meaningfully and faces continued innovation by Spotify, Apple (AAPL) and Amazon (AMZN) while also being pressured by free music available on Google's (GOOG) YouTube. While engagement is challenged, is increasingly clear that consumers' willingness to accept more ads is limited, which also puts pressure on monetization and means growing ad revenue in 2018 is "no longer a given," he tells investors. Swinburne lowered his price target on Pandora shares to $6 from $12.
01/08/18
01/08/18
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. GoPro (GPRO) downgraded to Neutral from Buy at Longbow with analyst Joe Wittine saying his channel checks confirmed the holidays missed the company's plan and late quarter $100 price cuts were not enough to save the quarter. 2. Snap (SNAP) downgraded to Hold from Buy at Jefferies with analyst Brent Thill saying he continues to have optimism around Snap's platform, but believes "fundamental execution needs to be shown" before he can be more positive on the name. 3. Cirrus Logic (CRUS) downgraded to Sector Weight from Overweight at KeyBanc with analyst John Vinh citing his "disappointment" with the current iPhone cycle and the lack of meaningful content gains until 2019. 4. Pandora (P) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Benjamin Swinburne noting that the company's core free product has not evolved meaningfully and faces continued innovation by Spotify, Apple (AAPL) and Amazon (AMZN) while also being pressured by free music available on Google's (GOOG) YouTube. 5. GrubHub (GRUB) downgraded to Neutral from Outperform at Wedbush with analyst Aaron Turner saying that while he continues to like the company's market opportunity and competitive positioning, the current peak valuation of shares accurately reflects these positive dynamics. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/02/18
RHCO
01/02/18
NO CHANGE
Target $7
RHCO
Hold
Pandora 2018 EBITDA consensus is too high, says SunTrust
SunTrust analyst Matthew Thornton lowered his price target on Pandora (P) to $7 from $8 and kept his Hold rating, saying that while he is positive on the company's initiatives to boost User Hours and Subscriptions, they will take time and investment to materialize. Thornton says the consensus EBITDA view of -$42M is too high, given the expected rise in costs. The analyst also points to "intense" competition in streaming music as well as potential entry in the space at Facebook (FB), based on its music hires and content licensing.
W Wayfair
$85.39

2.43 (2.93%)

01/03/18
01/03/18
DOWNGRADE
Target $88

Neutral
Wayfair downgraded to Neutral on tougher comps at BofA/Merrill
As previously reported, BofA/Merrill downgraded Wayfair to Neutral from Buy, but increased its price target to $88 from $72 to reflect a roll forward to a 2019 valuation basis. Analyst Akshay Bhatia did not make a change to estimates but believes the Street is too aggressive on 2018 margins given ramping investments and sees tougher comps starting in March and potential for a growth deceleration.
01/03/18
BOFA
01/03/18
DOWNGRADE
BOFA
Neutral
Wayfair downgraded to Neutral from Buy at BofA/Merrill
01/05/18
SBSH
01/05/18
NO CHANGE
Target $80
SBSH
Neutral
Citi ups Wayfair target to $80 after adding in takeover premium
Citi analyst Mark May raised his price target for Wayfair (W) to $80 to reflect the benefits from tax reform as well as the addition of an M&A premium. Recent conversations with investors indicate that more of them believe Wayfair could be an acquisition target, either by Amazon (AMZN) or by a company looking to better compete with Amazon, May tells investors in a research note. His new price target assumes a 50% probability of an acquisition at a 35% premium. The analyst keeps a Neutral rating on the shares.
01/05/18
SBSH
01/05/18
NO CHANGE
Target $1400
SBSH
Buy
Citi names Amazon top Internet pick for 2018, ups target to $1,400
Citi analyst Mark May remains bullish on the consumer Internet sector, especially over the near term. The analyst believes a "positive, tax reform fueled, business climate" should benefit the end-markets of the companies in the space. After outperformance in 2017, however, he recommends being more selective in 2018. Amazon.com (AMZN) moves up a spot to become his top-ranked pick for 2018. May sees the combination of greater than 30% sales growth, margin expansion and the current valuation as a "compelling mix." He raised his price target for Amazon shares to $1,400 from $1,250. May's most- to least-favored stocks under coverage, in order, are: Amazon, Expedia (EXPE), Facebook (FB), Priceline (PCLN), Alphabet (GOOGL), eBay (EBAY), Yelp (YELP), Twitter (TWTR), TripAdvisor (TRIP), Netflix (NFLX), GrubHub (GRUB), GoDaddy (GDDY), Despegar.com (DESP), trivago (TRVG), LendingClub (LC), Wayfair (W), Snap (SNAP), Zillow (ZG), Blue Apron (APRN) and Roku (ROKU), which he downgraded this morning to Sell.
V Visa
$119.84

0.86 (0.72%)

12/11/17
GSCO
12/11/17
UPGRADE
Target $135
GSCO
Buy
ADP upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst James Schneider upgraded ADP (ADP) to Buy and raised his price target for the shares to $135 from $112. The stock closed Friday up 14c to $116.02. The analyst thinks the Street underestimates the company's margin expansion potential. He also expects its client retention to improve. Schneider calls ADP his top contrarian pick in Payments and IT Services for 2018. The analyst's top value pick is DXC Technology (DXC). His top "laggards picks" are FleetCor (FLT) and Wex (WEX). And his top large cap growth picks for 2018 are Visa (V) and MasterCard (MA).
01/09/18
WELS
01/09/18
NO CHANGE
Target $135
WELS
Outperform
Visa price target raised to $135 from $127 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for Visa to $135 from $127 as he believes the U.S. consumer remains quite healthy and the tax cuts could provide a slight tailwind. The analyst reiterates an Outperform rating on the shares.
12/05/17
WEDB
12/05/17
NO CHANGE
WEDB
Visa, MasterCard 'most significant' beneficiaries of tax reform, says Wedbush
Wedbush analyst Moshe Katri says that now that the Senate and the House have voted to pass their respective tax reform bills, he believes there will be potential benefits for Visa (V) and MasterCard (MA), as they pay the majority of their taxes domestically and have large cash balances held offshore. A reduction in the corporate tax rate to 20% from 35% would be accretive to next year's adjusted EPS by roughly 5% to both companies, he adds. Furthermore, Katri argues that a lower rate for repatriating cash held abroad of 14%, could incentivize companies to bring cash back to the U.S., giving them ample balance sheet flexibility to distribute incremental cash to shareholders or for strategic deployment.
12/05/17
BARD
12/05/17
NO CHANGE
BARD
Outperform
Visa, MasterCard good ideas amid tech rotation, says Baird
Baird analyst David Koning said Visa (V) and MasterCard (MA) are two good ideas for investors as the market undergoes its rotation out of the tech sector. The analyst noted they are already nearing a five-year relative low and the shares could appreciate from there even if there was no change to the S&P P/E. Koning has an Outperform rating and $130 price target on Visa and an Outperform rating and $170 price target on MasterCard shares.
JBL Jabil Circuit
$27.44

0.52 (1.93%)

12/18/17
ARGS
12/18/17
UPGRADE
Target $36
ARGS
Buy
Jabil Circuit upgraded to Buy from Hold at Argus
Argus analyst Jim Kelleher upgraded Jabil Circuit (JBL) to Buy from Hold with a price target of $36 after last week's earnings beat, citing above-peer progress on sales/earnings growth and margin expansion. Kelleher says the company has moved past its execution challenges and is on track for multiple years of outperformance, thanks to its relationship with Apple (AAPL) as a "trusted vendor" and growth in its DMS business.
10/10/17
GSCO
10/10/17
DOWNGRADE
Target $26
GSCO
Sell
Jabil Circuit downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Mark Delaney downgraded Jabil Circuit (JBL) to Sell and lowered his price target for the shares to $26 from $28. Street expectations, which assume Jabil's earnings grow double digits year-over-year for both of the next two years, are overly optimistic, Delaney tells investors in a research note. He notes the company's earnings have been among the most volatile in his coverage universe and that the shares trade at a premium to their Apple-exposed peers.
10/10/17
10/10/17
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. HSBC (HSBC) downgraded to Underperform from Neutral at Credit Suisse with analyst Sanjay Jain citing valuation. 2. Jabil Circuit (JBL) downgraded to Sell from Neutral at Goldman Sachs with analyst Mark Delaney saying street expectations, which assume Jabil's earnings grow double digits year-over-year for both of the next two years, are overly optimistic. 3. Carlyle Group (CG) downgraded to Neutral from Buy at Citi with analyst William Katz citing valuation with the shares up 60% year-to-date. 4. Eli Lilly (LLY) downgraded to Neutral from Outperform at Credit Suisse with analyst Vamil Divan saying the valuation looks full with the shares up 13% since mid-August. 5. Ralph Lauren (RL) downgraded to Sell from Hold at Miller Tabak. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/17
UBSW
10/17/17
NO CHANGE
Target $35
UBSW
Buy
Jabil Circuit strength in non-Apple business keeps it a Buy, says UBS
UBS analyst Steven Milunovich noted the recent weakness in Jabil Circuit (JBL) due to downgrades and its move higher over the last 12 months. The analyst said he would agree with the downgrades if it wasn't for the strength the company is showing in non-Apple (AAPL) products. He reiterated his driving point in his recommendation is that EMS is moving up the value chain as any maker of a tangible product needs help digitizing it. Milunovich reiterated his Buy rating and $35 price target on Jabil Circuit shares.
CSCO Cisco
$40.10

0.19 (0.48%)

01/05/18
01/05/18
UPGRADE
Target $46

Buy
Cisco upgraded to Buy on software transition, valuation at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Tal Liani upgraded Cisco to Buy from Neutral, as he sees the company being in the early stages of a positive transition to software. While noting the strategy shift is not new, Liani said he is also incrementally more positive on Cisco's stability following years of software-defined networking and public cloud uncertainty. The analyst, who also points out that Cisco still trades at a valuation discount to its peers, raised his price target on the shares to $46 from $37.
01/10/18
01/10/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Helmerich & Payme (HP), Nabors (NBR), RPC, Inc (RES), Basic Energy (BAS) and Superior Energy (SUP) initiated with an Equal Weight at Stephens. The firm also initiated ProPetro (PUMP), Keane (FRAC) and Patterson-UTI (PTEN) with an Overweight. 2. Molson Coors (TAP) and Constellation Brands (STZ) initiated with an Overweight at Barclays, while Brown-Forman (BFA, BFB, BF.A, BF.B) was initiated with an Equal Weight. 3. Cisco (CSCO) assumed with an Overweight at Piper Jaffray, while F5 Networks (FFIV) and Juniper (JNPR) were assumed with a Neutral. 4. CorSite Realty (COR) initiated with an overweight at MUFG. 5. Epizyme (EPZM) initiated with an Overweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/11/18
MSCO
01/11/18
NO CHANGE
Target $42
MSCO
Overweight
CIO survey shows Cisco well-positioned for share gains, says Morgan Stanley
Morgan Stanley analyst James Faucette said the firm's latest survey of CIOs points to Cisco being well positioned in 2018, with the executives indicating they expect the company to be one of the largest share gainers even as workloads shift to the cloud. He keeps an Overweight rating and $42 price target on Cisco shares.
01/10/18
PIPR
01/10/18
INITIATION
Target $44
PIPR
Overweight
Cisco assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst James Fish assumed coverage of Cisco Systems with an Overweight rating while raising his firm's price target to $44 from $37. Cisco is executing on its transition towards a software-based business model, which should drive an underappreciated free cash flow story, Fish tells investors in a research note. Further, cash repatriation allows for Cisco to likely repatriate $48B in after-tax cash which will most likely go towards buybacks, and a slightly higher than earnings growth dividend raise, the analyst adds.
GOOG Alphabet
$1,105.52

2.91 (0.26%)

01/11/18
PIPR
01/11/18
NO CHANGE
Target $1300
PIPR
Overweight
Alphabet price target raised to $1,300 from $1,150 at Piper Jaffray
Piper Jaffray analyst Sam Kemp raised his price target on Alphabet (GOOG) to $1,300, saying Google Cloud Platform is gaining mindshare from smaller competitors in the public cloud space amid "ongoing feature improvements, accompanying platform evangelism, and adoption by younger companies". The analyst contends that as a #3 player in the field behind Amazon's (AMZN) AWS and Microsoft's (MSFT) Azure, GCP can still create "meaningful shareholder value" within the accelerating cloud environment. Kemp keeps his Overweight rating on Alphabet.
01/11/18
PIPR
01/11/18
NO CHANGE
PIPR
Overweight
Amazon's AWS still the leading public cloud offering, says Piper Jaffray
Piper Jaffray analyst Michael Olson reported that the firm's 2018 survey of CIOs shows that Amazon's (AMZN) AWS remains the leading public cloud offering in terms of revenue and scale and is tied with Microsoft's (MSFT) Azure for mindshare, which is a change from last year when AWS had lost some mindshare amid "early-2017 hype" regarding the maturation of Azure's offering. 90% of CIOs surveyed intend to increase AWS spending in 2018, which is up from 87% in 2017, Olson added. Azure maintained mindshare and Google Cloud Platform (GOOG) saw a significant step up in mindshare, while smaller cloud providers rapidly lose mindshare, noted Olson.
01/10/18
JPMS
01/10/18
NO CHANGE
Target $1385
JPMS
Overweight
Amazon can be $1 trillion company over time, says JPMorgan
Amazon.com (AMZN) has the potential to be a $1 trillion dollar company over time, as it remains early in the e-commerce and cloud secular shifts, JPMorgan analyst Doug Anmuth tells investors in a research note. The shares closed yesterday up $5.83 to $1,252.70, which represents a market capitalization of around $603 billion. The analyst says Amazon is investing in more major growth opportunities than any other company he covers. Anmuth views Amazon as a top pick for 2018 and upped his price target for the shares to $1,385 from $1,375. He reiterates an Overweight rating on the name. Amazon shares increased 56% in 2017, more than Netflix (NFLX), Facebook (FB) and Alphabet (GOOG, GOOGL), Anmuth points out. He thinks Amazon will outperform again in 2018.
01/08/18
FBCO
01/08/18
NO CHANGE
Target $1350
FBCO
Outperform
Alphabet best positioned to connect goods supply with demand, says Credit Suisse
Credit Suisse analyst Stephen Ju believes Alphabet is best positioned in the sector to connect supply of goods with consumer demand. The analyst reiterates an Outperform rating and $1350 on Alphabet Class A shares given ongoing monetization improvements in Search through product updates, larger-than-expected contribution from Google's larger nonSearch businesses, namely YouTube, Play and Cloud, and optionality for value creation from new monetization initiatives such as Maps as well as the eventual commercialization of Google's Other Bets.
SIRI SiriusXM
$5.50

-0.055 (-0.99%)

01/02/18
JPMS
01/02/18
DOWNGRADE
Target $5
JPMS
Underweight
SiriusXM downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Sebastiano Petti downgraded SiriusXM to Underweight with a $5 price target after assuming lead coverage of the name. The analyst sees slower growth following the Copyright Royalty Board's December 15 decision, which increased Sirius' royalty rate over 40% to 15.5% of revenue beginning in 2018. Petti expects higher rates to reduce margins, pricing flexibility, and possibly subscriber growth rates.
01/02/18
BRRR
01/02/18
DOWNGRADE
BRRR
Market Perform
SiriusXM downgraded to Market Perform from Outperform at Barrington
12/18/17
MSCO
12/18/17
NO CHANGE
Target $5.35
MSCO
Underweight
SiriusXM CRB rate a 8%-9% headwind to 2018 free cash flow, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne said the Copyright Royalty Board's new royalty rate of 15.5% for SiriusXM beginning in 2018 came in above his 11.25% estimate and he estimates it to equate to a 8%-9% headwind to fully-taxed free cash flow per share in 2018. He maintains an Underweight rating on SiriusXM shares, citing his continued belief that the used car channel will be less fruitful than the maturing new car channel.
01/02/18
01/02/18
DOWNGRADE

Market Perform
SiriusXM downgraded to Market Perform after CRB ruling at Barrington
As previously reported, Barrington analyst James Goss downgraded SiriusXM to Market Perform from Outperform, citing the added uncertainty created by the "surprisingly high" royalty obligations imposed on the company by the Copyright Royalty Board. While the company may be able to offset this somewhat, the royalties "pose an undeniable challenge" to near-term results, Goss tells investors.
VERI Veritone
$23.18

-0.2 (-0.86%)

11/22/17
CHLM
11/22/17
NO CHANGE
Target $31
CHLM
Buy
Veritone price target lowered to $31 from $60 at Craig-Hallum
Craig-Hallum analyst Chad Bennett lowered his price target for Veritone to $31 from $60 following Q3 results and its stock offering. The analyst believes that with the timing of Veritone's offering, the company is close to completing an acquisition or two which would add materially to its revenue profile. Bennett reiterates a Buy rating on the shares.
09/29/17
ROTH
09/29/17
NO CHANGE
Target $62
ROTH
Buy
Roth Capital says Veritone 'the real deal,' ups price target to $62
Roth Capital analyst Brian Alger noted that Citron's short report on Veritone, which included the opinion that it is not an AI company, knocked the stock down 50%. However, after attending numerous investor meetings with the company over the past few weeks, Alger is convinced Veritone is "the real deal" and is transforming businesses through the orchestration of third party ANI engines. Alger, who said Veritone has been clear in its intentions to utilize M&A and now has a list of over 30 potential targets, thinks that with deal potential incorporated a $1B valuation is "not only reasonable, but could be conservative." He raised his price target on Veritone shares to $62 from $13.20 and keeps a Buy rating on the stock, which closed yesterday at $36.88.
11/07/17
RILY
11/07/17
DOWNGRADE
Target $15
RILY
Sell
Veritone downgraded to Sell from Buy at B. Riley FBR
B. Riley FBR analyst Sameet Sinha double downgraded Veritone to Sell from Buy and cut his price target for the shares to $15 from $18 following the company's weaker than expected Q3 results.
11/07/17
RILY
11/07/17
DOWNGRADE
Target $15
RILY
Sell
B. Riley FBR double downgrades Veritone to Sell after Q3 miss
B. Riley FBR analyst Sameet Sinha double downgraded Veritone to Sell from Buy after the company reported a miss in Q3. Veritone's traction in its artificial intelligence business is "not meaningful" while the current valuation is not supported by recent execution and low revenue levels, Sinha tells investors in a post-earnings research note. The analyst cut his price target for the shares to $15 from $18. Veritone in premarket trading is down 20%, or $7.16, to $29.51.
C Citi
$75.56

-0.09 (-0.12%)

12/20/17
WELS
12/20/17
NO CHANGE
Target $95
WELS
Outperform
Citi price target raised to $95 from $90 at Wells Fargo
Wells Fargo analyst Mike Mayo raised his price target for Citi to $95 from $90 to reflect more potential upside from a portion of higher interest rates, lower taxes, and lower cost of capital due to greater resiliency. The analyst reiterates an Outperform rating on the shares.
12/11/17
NOMU
12/11/17
NO CHANGE
Target $84
NOMU
Buy
Citi price target raised to $84 from $81 at Nomura Instinet
Nomura Instinet analyst Steven Chubak raised his price target for Citi shares to $84 after hosting a meeting with management. The analyst has increased confidence in the efficiency target for Global Consumer Banking and believes recent trends suggest revenue targets are achievable. He keeps a Buy rating on Citi.
11/10/17
RHCO
11/10/17
NO CHANGE
Target $52
RHCO
Buy
Virtusa price target raised to $52 from $38 at SunTrustCiti
SunTrust analyst Frank Atkins raised his price target on Virtusa (VRTU) to $52 and kept his Buy rating following Q2 results. Atkins says that despite the significant stock reaction to the report, the company's "solid growth trajectory and steady margin improvement" should support the multiple given the traction with Virtusa's top client Citigroup (C) and growth across its product portfolio.
11/09/17
MAXM
11/09/17
UPGRADE
Target $51
MAXM
Buy
Virtusa upgraded to Buy at Maxim amid strong ramp in banking wins
As previously reported, Maxim analyst Brian Kinstlinger upgraded Virtusa (VRTU) to Buy from Hold and set a $51 price target. Kinstlinger cites increasing demand from its largest customer - Citigroup (C) - as well as generally stronger-than-expected ramp on recent large banking wins driving Q2 revenue beat. The analyst also calls the Polaris acquisition "one of the best we've seen in IT services market", as Virtusa benefited from its large UK banking win.
VZ Verizon
$52.11

0.42 (0.81%)

12/14/17
12/14/17
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. Verizon (VZ) downgraded to Hold on valuation at HSBC with analyst Sunil Rajgopal saying the recent rally limits upside. 2. Blue Buffalo Pet Products (BUFF) downgraded to Hold from Buy at Deutsche Bank with analyst Faiza Alwy citing valuation concerns as the stock is up 35% over the last six months. 3. Nielsen (NLSN) downgraded to Underweight from Equal Weight at Barclays with analyst Manav Patnaik saying he sees challenging end markets for the company as well as credibility concerns following a year of "poor" execution. 4. Valeant (VRX) downgraded to Underweight from Neutral at JPMorgan with analyst Chris Schott saying he sees better opportunities in the sector following the recent rally in the shares. 5. Pier 1 Imports (PIR) downgraded to Sell from Hold at Gordon Haskett with analyst Chuck Grom citing the third quarter miss and lowered guidance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/14/17
HSBC
12/14/17
DOWNGRADE
Target $52
HSBC
Hold
Verizon downgraded to Hold on valuation at HSBC
HSBC analyst Sunil Rajgopal downgraded Verizon to Hold from Buy saying the recent rally limits upside and maintained a $52 price target.
12/12/17
12/12/17
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. Verizon (VZ) upgraded to Buy from Neutral at Nomura Instinet by analyst Jeffrey Kvaal, who said that better visibility into subscriber growth, rising average revenue per user and cost control will drive earnings growth in 2018. Further, he believes tax reform should also boost the company's earnings. The analyst thinks signs of easing competition may also spur multiple expansion. 2. Northrop Grumman (NOC) upgraded to Overweight from Neutral at JPMorgan by analyst Seth Seifman, who said that more profitable F-35 growth will accelerate in 2018 while management's initial take on the Orbital ATK (OA) deal, including synergies, will prove conservative. He called Northrop his top defense prime pick. 3. Activision Blizzard (ATVI) upgraded to Buy from Neutral at Goldman Sachs by analyst Christopher Merwin, who recommends owning this discounted "high-quality" asset ahead of accelerating earnings growth over the next 2-3 years. Merwin raised Activision's 2019 and 2020 estimates to reflect a robust pipeline of games including Diablo, Overwatch 2, and a Blizzard mobile title, which he does not believe Street estimates fully reflect. 4. Abbott (ABT) upgraded to Outperform from Market Perform at BMO Capital by analyst Joanne Wuensch, who said she is placing the stock on her "Top Picks" list, noting that 2018 will be the "year of execution" with several product launches ahead and acquisitions of Alere and St. June in the past. 5. HCA Healthcare (HCA), Tenet (THC) and Universal Health (UHS) upgraded to Buy from Neutral at Citi by analyst Ralph Giacobbe, who cited a more constructive view on the hospital space. The analyst sees a better volume backdrop in 2018 and low expectations for the sector. He believes hospital stocks offer an attractive upside scenario. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/12/17
NOMU
12/12/17
UPGRADE
Target $61
NOMU
Buy
Verizon upgraded to Buy from Neutral at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal upgraded Verizon Communications to Buy and raised his price target for the shares to $61 from $47. The stock closed yesterday up 75c to $51.84. Better visibility into subscriber growth, rising average revenue per user and cost control will drive earnings growth in 2018, Kvaal tells investors in a research note. Further, he believes tax reform should also boost the company's earnings. The analyst thinks signs of easing competition may also spur multiple expansion.
NVDA Nvidia
$224.08

0.4 (0.18%)

01/05/18
RHCO
01/05/18
NO CHANGE
Target $43
RHCO
Hold
Intel security vulnerability 'brings the stock to earth', says SunTrust
SunTrust analyst William Stein keeps his Hold rating and $43 price target on Intel (INTC) in the wake of its security flaw disclosure. Stein says the rally in the stock since Q3 report was overdone to the upside, adding that the latest downside reaction, though likely overdone, puts the price around appropriate valuation. The analyst contends that consumers may favor alternative providers for parallel workload acceleration over Intel's solutions, adding that its latest issues strengthen his view on NVIDIA (NVDA).
01/05/18
GSCO
01/05/18
UPGRADE
Target $78
GSCO
Conviction Buy
Xilinx upgraded to Conviction Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Toshiya Hari upgraded Xilinx (XLNX) to Buy and added the shares to his firm's Conviction List. The analyst sees a positive risk/reward over the next 12-24 months following two consecutive years of underperformance. Demand in the Communications market is beginning to show early signs of stabilization and possibly growth, Hari tells investors in a research note. He raised his price target for Xilinx shares to $78 from $72. The analyst also reiterates a Conviction Buy rating on Nvidia (NVDA) with an unchanged price target of $228.
12/11/17
SBSH
12/11/17
NO CHANGE
SBSH
Citi 'getting more nervous' on semiconductors after Asia trip
Following a trip last week to Asia meeting with companies across the technology supply chain, Citi analyst Christopher Danely says he's "getting more nervous" on the semiconductor sector. While demand from the PC end market remains strong, the NAND market remains weak and data points on Apple's (AAPL) iPhone were mixed, Danely tells investors in a research note. The analyst saw signs of an inventory build and believes upside to consensus estimates is declining. He feels momentum is slowing in the semiconductor space. Danely's top pick is Microchip (MCHP) and he's also Buy-rated on Texas Instruments (TXN), Applied Materials (AMAT), Nvidia (NVDA), Skyworks (SWKS), ON Semiconductor (ON) and Micron (MU). The analyst's checks indicate slower than expected iPhone X and 8 demand but stronger iPhone 7 demand. He views this as bad for Skyworks and Qorvo (QRVO) and good for Analog Devices (ADI).
11/17/17
DAIW
11/17/17
UPGRADE
Target $260
DAIW
Buy
Nvidia upgraded to Buy from Outperform at Daiwa
Daiwa analyst Deepak Sitaraman upgraded Nvidia to Buy from Outperform and raised his price target on the shares to $260 from $140.
LXFT Luxoft
$57.00

0.6 (1.06%)

09/07/17
FBCO
09/07/17
DOWNGRADE
FBCO
Underperform
Luxoft downgraded to Underperform from Neutral at Credit Suisse
12/05/17
PIVT
12/05/17
INITIATION
Target $70
PIVT
Buy
Luxoft initiated with a Buy at Pivotal Research
Pivotal Research analyst Lou Miscioscia started Luxoft Holding with a Buy rating and $70 price target. The analyst views the company as a turnaround play with 40% upside potential.
09/07/17
FBCO
09/07/17
DOWNGRADE
Target $43
FBCO
Underperform
Luxoft downgraded to Underperform on overstated growth at Credit Suisse
As previously reported, Credit Suisse downgraded Luxoft to Underperform from Neutral and slashed its price target to $43 from $58. Analyst Charles Brennan said recent results indicate the company includes in-year acquisitions in their organic growth calculation, providing little transparency into growth drivers. The analyst believes shares will re-rate lower as investors come to realize real organic growth is lower than stated.
12/05/17
KEYB
12/05/17
UPGRADE
Target $66
KEYB
Overweight
Luxoft upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst Arvind Ramnani upgraded Luxoft Holding (LXFT) to Overweight with a $66 price target. The analyst expects the company's top-two customer concentration to fall from 35% today to the mid-20% range in the next 12-18 months. With customer concentration abating amid "robust growth" at non-top two accounts, and with shares trading at a "significant valuation discount" to Epam Systems (EPAM), Luxoft is attractive, Ramnani tells investors in a research note.
HPJ Highpower International
$4.05

-0.05 (-1.22%)

GM General Motors
$44.19

1.19 (2.77%)

12/19/17
RBCM
12/19/17
UPGRADE
Target $52
RBCM
Outperform
General Motors upgraded to Outperform at RBC Capital on downturn resiliency
As reported earlier, RBC analyst Joseph Spak upgraded Generat Motors to Outperform from Sector Perform and nudged his price target to $52 from $51. Spak cites "increased confidence on downturn resiliency" in 2018, noting that while he anticipates a decline in fullsize pickup truck sales, he does not see "GMNA profitability to be down as much as previously forecast". The analyst models FY18 EPS of $6.30, about 9% above consensus view.
12/19/17
12/19/17
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. General Motors (GM) upgraded to Outperform from Sector Perform at RBC Capital with analyst Joseph Spak citing "increased confidence on downturn resiliency" in 2018, noting that while he anticipates a decline in fullsize pickup truck sales, he does not see "GMNA profitability to be down as much as previously forecast". 2. Walmart (WMT) upgraded to Buy from Neutral at Citi with analyst Kate McShane saying the stock has "more room to run" in 2018. 3. Ulta Beauty (ULTA) upgraded to Buy from Neutral at Buckingham with the firm saying they recommend adding to positions given "extremely" attractive valuation and better flow through profitability that will deliver 20%+ earnings growth over the next two years or more. 4. Cabot (CBT) upgraded to Buy from Hold at SunTrust with analyst James Sheehan saying the improving global supply/demand fundamentals, along with tighter emissions controls in China, warrant the rating change. 5. Altria Group (MO) upgraded to Buy from Hold at Berenberg with analyst Jonathan Leinster saying he assumes that the company's headline tax rate will decline from historical levels of 35-36% to 21-22% due to the Republicans' proposed U.S. corporate tax changes. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/28/17
MSCO
12/28/17
NO CHANGE
MSCO
January to be busy for Autos and Shared Mobility names, says Morgan Stanley
Morgan Stanley analyst Adam Jonas previewed the January calendar for the Autos and Shared Mobility sector, noting that the Vegas CES takes place in the second week and the Detroit Auto Show occurs in the third week of next month. Judging from last year's shows and press releases in recent weeks, he expects "the vast majority" of prepared presentations will focus on autonomous driving, electric propulsion and new business models as companies seek to encourage recognition and valuation of "Auto 2.0 efforts" in the multiples of their stocks, he tells investors. Automakers covered by the firm include Fiat Chrysler (FCAU), Tesla (TSLA), General Motors (GM), Ferrari (RACE) and Ford (F). Auto suppliers covered include Magna (MGA), Goodyear Tire (GT), Adient (ADNT), Delphi Technologies (DLPH), Visteon (VC), BorgWarner (BWA), Aptiv (APTV) and Tenneco (TEN).
01/08/18
MSCO
01/08/18
NO CHANGE
MSCO
Equal Weight
Morgan Stanley says Cadillac, worth $13B to GM, can't be ignored for long
General Motors does not disclose profitability by brand, but Morgan Stanley analyst Adam Jonas believes Cadillac is probably larger and more profitable than recognized by most investors, he stated in a new note. The analyst, who values Cadillac at about $13B, or roughly $9 per GM share, believes this value cannot be ignored for long and he sees room for GM's current efforts to improve financial and strategic transparency for the brand to gain momentum. Jonas keeps an Equal Weight rating on GM shares.
IBM IBM
$164.20

0.02 (0.01%)

01/03/18
RBCM
01/03/18
UPGRADE
Target $180
RBCM
Outperform
IBM upgraded to Outperform at RBC Capital on mainframe cycle and valuation
As reported earlier, RBC Capital analyst Amit Daryanani upgraded IBM to Outperform from Sector Perform and raised his price target to $180 from $160. Daryanani points to the benefits of the mainframe cycle upgrade, a favorable FX backdrop for the first time in 3 years, recovery in hybrid IT spending leading to 1%-3% revenue growth, and attractive 11-times PE valuation. The analyst adds that gross margins could stabilize in 2018 after an expected 130bps decline in 2017.
01/03/18
01/03/18
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. General Mills (GIS) upgraded to Neutral from Underweight at Piper Jaffray with analyst Michael Lavery saying he expects the company to use some of its tax reform benefit to increase "needed" brand investments. He sees the company posting 9%-10% average earnings growth over the next six quarters. 2. Ulta Beauty (ULTA) upgraded to Outperform from Market Perform at Wells Fargo with analyst Ike Boruchow saying he sees "compelling setup" for the shares in 2018 given the company's "material" tax benefit and potential for fundamental stabilization. 3. IBM (IBM) upgraded to Outperform from Sector Perform at RBC Capital with analyst Amit Daryanani citing the benefits of the mainframe cycle upgrade, a favorable FX backdrop for the first time in 3 years, recovery in hybrid IT spending leading to 1%-3% revenue growth, and attractive 11-times PE valuation. 4. Oracle (ORCL) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Keith Weiss arguing that its current low valuation with cloud expectations diminished following its last three earnings reports presents "a tactical opportunity for old fashioned earnings growth to drive the shares higher." 5. United Technologies (UTX) upgraded to Outperform from Sector Perform at RBC Capital analyst Deane Dray saying 2018 will mark the final year of margin pressure at the company's Pratt and Otis units which led to the recent underperformance. 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
RBCM
01/03/18
UPGRADE
RBCM
Outperform
IBM upgraded to Outperform from Sector Perform at RBC Capital
ERIC Ericsson
$6.89

0.1 (1.47%)

09/21/17
EXAN
09/21/17
UPGRADE
EXAN
Outperform
Ericsson upgraded to Outperform from Neutral at Exane BNP Paribas
Exane BNP Paribas analyst Stefan Slowinski upgraded Ericsson to Outperform saying the long-term turnaround story should be getting legs with new management and an activist investor.
11/09/17
SBSH
11/09/17
DOWNGRADE
SBSH
Neutral
Ericsson downgraded to Neutral from Buy at Citi
Citi analyst Amit Harchandani downgraded Ericsson to Neutral saying the risk/reward at current share levels is more balanced. The analyst sees a tougher near-term setup amid execution risks. He his price target for the shares is unchanged at SEK 54.
10/19/17
COWN
10/19/17
DOWNGRADE
Target $3
COWN
Underperform
Ericsson downgraded to Underperform, price target $3 at Cowen
Cowen analyst Paul Silverstein downgraded Ericsson to Underperform from Market Perform. The analyst reduced revenue and earnings estimates, which remain well below consensus, due to concerns on both margin improvement and revenue growth. SIlverstein believes shares should trade at a discount, instead of the current premium, and maintained a $3 price target on Ericsson shares.
10/03/17
FBCO
10/03/17
DOWNGRADE
FBCO
Underperform
Ericsson downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Achal Sultania downgraded Ericsson to Underperform with a reduced price target of SKR 38. The analyst believes Ericsson's top-line "may continue to surprise on the downside" as management looks to divest loss-making businesses. Sultania views Ericsson's target of over 12.4% EBIT margins in the mid-term as too optimistic.
BB BlackBerry
$13.45

-0.22 (-1.61%)

12/26/17
IMPC
12/26/17
NO CHANGE
Target $11
IMPC
In-Line
Imperial boosts BlackBerry target to $11 on Q3 beat
Imperial Capital analyst Michael Kim raised his price target for BlackBerry shares to $11 from $10 after the company's Q3 results topped his expectations. The analyst, however, views the stock's risk/reward as balanced at current levels and keeps an In-Line rating on BlackBerry.
12/21/17
BMOC
12/21/17
NO CHANGE
Target $12
BMOC
Market Perform
BMO Capital 'skeptical' if BlackBerry has reached inflection point
BMO Capital analyst Tim Long noted that BlackBerry's November quarter revenue, margins and EPS all topped expectations, though he is skeptical if this marks an inflection point and doesn't foresee significant near-term catalysts to spur the business. He raised his price target on BlackBerry shares to $12 from $10 but maintains a Market Perform rating.
12/21/17
ADAM
12/21/17
NO CHANGE
Target $11
ADAM
Hold
BlackBerry acquisitions best way to build shareholder value, says Canaccord
Canaccord analyst T. Michael Walkley noted BlackBerry reported solid Q3 results, with the primary drivers being licensing revenue and strong conversion of its regulated customer pipeline. The analyst sees growth potential with Quanex revenue potentially accelerating in the second half 2019. He believes the company has the capital to invest and would best create shareholder value through acquisitions. Walkley maintained his Hold rating and $11 price target on BlackBerry shares despite its strong Q3 results.
12/20/17
MKMP
12/20/17
NO CHANGE
MKMP
BlackBerry shares remain expensive, says MKM Partners
MA MasterCard
$160.92

1.06 (0.66%)

01/04/18
MZHO
01/04/18
UPGRADE
MZHO
Buy
MasterCard upgraded to Buy from Neutral at Mizuho
Mizuho analyst Thomas McCrohan upgraded MasterCard to Buy from Neutral telling investors improved economic conditions will benefit payment volumes and overall transaction activity, increasing his conviction in RY18 high-teen earnings growth.
01/04/18
01/04/18
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. Workday (WDAY) upgraded to Overweight from Sector Weight at KeyBanc with analyst Brent Bracelin saying he sees 2018 as a "breakout year" for the company driven by inflecting interest in cloud enterprise resource planning. 2. Clorox (CLX) upgraded to Neutral from Underperform at BofA/Merrill with analyst Olivia Tong saying Clorox continues to receive solid support for its brands at retail and has balance sheet flexibility to capitalize on growth opportunities through M&A. 3. MasterCard (MA) upgraded to Buy from Neutral at Mizuho with analyst Thomas McCrohan saying improved economic conditions will benefit payment volumes and overall transaction activity, increasing his conviction in RY18 high-teen earnings growth. 4. Domino's Pizza (DPZ) upgraded to Outperform from Perform at Oppenheimer and to Outperform from Neutral at Credit Suisse. 5. Oxford Industries (OXM) upgraded to Buy from Neutral at DA Davidson with analyst Andrew Burns saying he expects continued momentum for the Tommy Bahama brand, easy comparisons in the Lilly brand, and prudent store management to result in a "productive year" in 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/18
01/04/18
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. Roku (ROKU) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Benjamin Swinburne telling investors that he believes the market has overreacted following the company's stronger than expected third quarter results. 2. Snap (SNAP) downgraded to Underperform from Market Perform at Cowen with analyst John Blackledge saying 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. 3. Western Digital (WDC) downgraded to Market Perform from Outperform at BMO Capital with analyst Tim Long saying the near-term fundamentals for the company remain healthy, but limited upside for growth in margins and revenue due to a more balanced supply-demand will keep the stock in a trading range. 4. Tableau (DATA) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brent Bracelin saying the risk/reward is more balanced following the 64% rise in shares in 2017. 5. MasterCard (MA) downgraded to Outperform from Top Pick at RBC Capital with analyst Daniel Perlin saying the stock was a "monster" in 2017 with a 47% rise, and his investment thesis of accelerating top-line growth, tailwinds from higher oil prices and favorable FX, and global conversion to electronic payments remains in place. The analyst attributes the downgrade to "repositioning group headings" going into FY18. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/18
WELS
01/09/18
NO CHANGE
Target $178
WELS
Outperform
MasterCard price target raised to $178 from $167 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for MasterCard to $178 from $167 as he believes the U.S. consumer remains quite healthy and the tax cuts could provide a slight tailwind. The analyst reiterates an Outperform rating on the shares.
DBD Diebold
$18.20

0.9 (5.20%)

10/31/17
LSCM
10/31/17
DOWNGRADE
LSCM
Hold
Diebold downgraded to Hold from Buy at Lake Street
10/31/17
LSCM
10/31/17
DOWNGRADE
Target $23
LSCM
Hold
Diebold downgraded to Hold at Lake Street
As previously reported, Lake Street analyst Josh Elving downgraded Diebold to Hold from Buy after the company reported another disappointing revenue result in Q3. The analyst notes that the key takeaway is management suggested 2018 revenue growth is likely to be flat. Elving also lowered his price target on the shares to $23 from $30.
12/13/17
12/13/17
NO CHANGE
Target $24

In-Line
Diebold needs 'tech-minded' CEO to succeed Mattes, says Imperial Capital
After Diebold Nixdorf announced that President and CEO Andy Mattes has stepped down, Imperial Capital analyst Jeff Kessler said the company needs a seasoned and proven tech-minded CEO to replace him. He also believes that private equity firms might be interested in a leader like Diebold, which had a history of generating free cash flow until very recently, though he maintains an In-Line rating on the shares.
11/16/17
JPMS
11/16/17
UPGRADE
Target $24
JPMS
Overweight
Diebold upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Paul Coster upgraded Diebold to Overweight citing valuation with the shares down 36% year-to-date. The analyst sees a "price dislocation" with the stock at a multi-year low. He cut his price target for the shares to $24 from $29. Coster calls Diebold's fundamentals "weak but stable" and notes he still believes an ATM upgrade cycle is coming.
UA Under Armour; also tag UAA
$14.13

0.19 (1.36%)

01/09/18
SUSQ
01/09/18
DOWNGRADE
Target $11
SUSQ
Negative
Under Armour downgraded to Negative at Susquehanna
As reported previously, Susquehanna analyst Sam Poser downgraded Under Armour to Negative from Neutral. He said the fundamental outlook has not improved since its weak print back in October and he believes the company's brand will continue to weaken before it is clear if it can survive. Given the poor brand management and its uncertain futures, there is no reason for the shares to trade at its historic multiple, said Poser, who believes fair value is $11 on Under Armour shares.
01/05/18
01/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Becton Dickinson (BDX) initiated with an Overweight at KeyBanc. 2. Syndax (SNDX) initiated with a Buy at B. Riley FBR. 3. Sutherland Asset Management (SLD) initiated with an Outperform at JMP Securities. 4. Nike (NKE) was assumed with a Buy at Buckingham while Under Armour (UA, UAA) was assumed with a Neutral. 5. Regulus (RGLS) initiated with an Outperform at Leerink. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/18
01/09/18
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. Under Armour (UA, UAA) downgraded to Negative from Neutral at Susquehanna with analyst Sam Poser saying the fundamental outlook has not improved since its weak print back in October and he believes the company's brand will continue to weaken before it is clear if it can survive. 2. Principal Financial (PFG) downgraded to Market Perform from Outperform at Wells Fargo with analyst Sean Dargan saying he now prefers Voya Financial (VOYA). 3. AK Steel (AKS) downgraded to Hold from Buy at Jefferies with analyst Seth Rosenfeld saying the company's leverage to the current U.S. steel industry up-cycle "may continue to underwhelm." 4. Fortinet (FTNT) downgraded to Equal Weight from Overweight at Barclays with analyst Saket Kalia citing the slowing of aggregate firewall product revenue growth across the industry. 5. Barracuda (CUDA) downgraded to Neutral from Outperform at Baird with analyst Jayson Noland citing the lack of a higher bidder to top Thoma Bravo's previously announced offer of $27.55 per share. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/18
SUSQ
01/09/18
DOWNGRADE
SUSQ
Negative
Under Armour downgraded to Negative from Neutral at Susquehanna

TODAY'S FREE FLY STORIES

TRNC

tronc

$19.53

0.3 (1.56%)

16:37
01/19/18
01/19
16:37
01/19/18
16:37
Periodicals
LA Times' CEO Ross Levinsohn to take leave of absence amid probe, WSJ says »

Ross Levinsohn, the…

03/08/13
Wedge Partners
03/08/13
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AP

Ampco-Pittsburgh

$14.20

0.15 (1.07%)

16:35
01/19/18
01/19
16:35
01/19/18
16:35
Syndicate
Breaking Syndicate news story on Ampco-Pittsburgh »

Ampco-Pittsburgh files to…

03/08/13
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  • 29

    Mar

CG

Carlyle Group

$24.35

-0.05 (-0.20%)

, UBSH

Union Bankshares

$38.79

0.54 (1.41%)

16:33
01/19/18
01/19
16:33
01/19/18
16:33
Hot Stocks
Carlyle Group reports 6% passive stake in Union Bankshares »

In a regulatory filing,…

CG

Carlyle Group

$24.35

-0.05 (-0.20%)

UBSH

Union Bankshares

$38.79

0.54 (1.41%)

03/08/13
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  • 23

    Jan

ANDX

Andeavor Logistics

$52.52

0.12 (0.23%)

16:31
01/19/18
01/19
16:31
01/19/18
16:31
Hot Stocks
Andeavor Logistics raises quarterly cash distribution to $1.00 per unit »

The fourth quarter…

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  • 16

    Feb

16:30
01/19/18
01/19
16:30
01/19/18
16:30
Options
Preliminary option volume of 22.8M today »

Preliminary option volume…

TRNC

tronc

$19.53

0.3 (1.56%)

16:26
01/19/18
01/19
16:26
01/19/18
16:26
Periodicals
LA Times' CEO Ross Levinsohn to take leave of absence amid probe, DJ says »

Dow Jones added that the…

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RKDA

Arcadia Biosciences

$0.27

0.0285 (11.88%)

16:25
01/19/18
01/19
16:25
01/19/18
16:25
Conference/Events
Arcadia Biosciences to host special shareholder meeting »

Special Shareholder…

03/08/13
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  • 19

    Jan

FB

Facebook

$181.29

1.49 (0.83%)

16:23
01/19/18
01/19
16:23
01/19/18
16:23
Hot Stocks
Facebook provides update on trusted sources initiative »

Starting next week,…

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  • 23

    Jan

  • 31

    Jan

  • 07

    Feb

  • 28

    Feb

MS

Morgan Stanley

$57.46

1.62 (2.90%)

, APO

Apollo Global

$34.74

-0.33 (-0.94%)

16:21
01/19/18
01/19
16:21
01/19/18
16:21
Hot Stocks
Morgan Stanley reports 5% passive stake in Apollo Global »

In a regulatory filing,…

MS

Morgan Stanley

$57.46

1.62 (2.90%)

APO

Apollo Global

$34.74

-0.33 (-0.94%)

03/08/13
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  • 19

    Jan

  • 01

    Feb

HBNC

Horizon Bancorp

$28.49

0.37 (1.32%)

16:19
01/19/18
01/19
16:19
01/19/18
16:19
Syndicate
Breaking Syndicate news story on Horizon Bancorp »

Horizon Bancorp files…

03/08/13
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SANM

Sanmina

$35.45

0.5 (1.43%)

16:18
01/19/18
01/19
16:18
01/19/18
16:18
Hot Stocks
Breaking Hot Stocks news story on Sanmina »

Sanmina down 15% to…

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SANM

Sanmina

$35.45

0.5 (1.43%)

16:17
01/19/18
01/19
16:17
01/19/18
16:17
Hot Stocks
Sanmina adopts consolidated restructuring plan »

On January 12, the…

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IBM

IBM

$162.37

-6.75 (-3.99%)

, AXP

American Express

$98.03

-1.83 (-1.83%)

16:17
01/19/18
01/19
16:17
01/19/18
16:17
General news
On The Fly: Top stock stories for Friday »

Stocks were mixed for…

IBM

IBM

$162.37

-6.75 (-3.99%)

AXP

American Express

$98.03

-1.83 (-1.83%)

GE

General Electric

$16.26

-0.51 (-3.04%)

FB

Facebook

$181.29

1.49 (0.83%)

NCNA

NuCana

$20.51

6.02 (41.55%)

ACOR

Acorda Therapeutics

$27.20

2.2 (8.80%)

BIIB

Biogen

$342.41

-2.03 (-0.59%)

IPHI

Inphi

$32.07

-3.33 (-9.41%)

MKC

McCormick

$99.19

-3.72 (-3.61%)

03/08/13
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03/06/13
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  • 19

    Jan

  • 23

    Jan

  • 24

    Jan

  • 25

    Jan

  • 25

    Jan

  • 31

    Jan

  • 07

    Feb

  • 07

    Feb

  • 28

    Feb

  • 08

    Mar

$NSD

NASDAQ Market Internals

16:17
01/19/18
01/19
16:17
01/19/18
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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$NYE

NYSE Market Internals

16:16
01/19/18
01/19
16:16
01/19/18
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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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ENDP

Endo

$7.11

-0.24 (-3.27%)

, CVS

CVS Health

$79.85

0.5 (0.63%)

16:15
01/19/18
01/19
16:15
01/19/18
16:15
Periodicals
Delaware files lawsuit against opioid manufacturers, distributors, Reuters says »

Delaware has become the…

ENDP

Endo

$7.11

-0.24 (-3.27%)

CVS

CVS Health

$79.85

0.5 (0.63%)

WBA

Walgreens Boots Alliance

$76.47

0.47 (0.62%)

MCK

McKesson

$170.33

-1.45 (-0.84%)

CAH

Cardinal Health

$71.90

0.19 (0.26%)

ABC

AmerisourceBergen

$100.01

-0.85 (-0.84%)

03/08/13
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  • 01

    Feb

  • 06

    Feb

  • 08

    Feb

ITI

Iteris

$7.49

0.03 (0.40%)

16:12
01/19/18
01/19
16:12
01/19/18
16:12
Hot Stocks
Neil Subin sells $748K in Iteris shares »

Neil Subin, a beneficial…

03/08/13
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03/06/13
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  • 26

    Feb

SANM

Sanmina

$35.45

0.5 (1.43%)

16:11
01/19/18
01/19
16:11
01/19/18
16:11
Earnings
Sanmina sees Q2 adjusted EPS 40c-50c, consensus 70c »

Sees Q2 revenue…

03/08/13
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03/06/13
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03/06/13
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SANM

Sanmina

$35.45

0.5 (1.43%)

16:09
01/19/18
01/19
16:09
01/19/18
16:09
Earnings
Sanmina reports Q1 preliminary adjusted EPS 48c, consensus 71c »

Reports Q1 preliminary…

03/08/13
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03/06/13
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03/06/13
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LMT

Lockheed Martin

$332.26

-0.74 (-0.22%)

16:07
01/19/18
01/19
16:07
01/19/18
16:07
Periodicals
Breaking Periodicals news story on Lockheed Martin »

U.S. approves sale of…

03/08/13
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03/06/13
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  • 21

    Feb

  • 07

    Mar

CPLA

Capella Education

$80.50

0.7 (0.88%)

, STRA

Strayer

$93.08

0.9 (0.98%)

16:06
01/19/18
01/19
16:06
01/19/18
16:06
Hot Stocks
Capella Education shareholders approve proposed merger with Strayer »

Capella Education (CPLA)…

CPLA

Capella Education

$80.50

0.7 (0.88%)

STRA

Strayer

$93.08

0.9 (0.98%)

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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  • 19

    Jan

  • 19

    Jan

ADM

Archer Daniels

$40.61

0.13 (0.32%)

, BG

Bunge

$69.78

0.14 (0.20%)

16:03
01/19/18
01/19
16:03
01/19/18
16:03
Periodicals
Archer Daniels made takeover approach to Bunge, WSJ says »

Archer Daniels Midland…

ADM

Archer Daniels

$40.61

0.13 (0.32%)

BG

Bunge

$69.78

0.14 (0.20%)

GLNCY

Glencore

$11.29

-0.02 (-0.18%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 06

    Feb

  • 14

    Feb

C

Citi

$78.16

0.77 (0.99%)

16:01
01/19/18
01/19
16:01
01/19/18
16:01
Conference/Events
Citigroup to hold a conference call »

CFO Gerspach and…

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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  • 19

    Jan

  • 24

    Jan

GOLF

Acushnet Holdings

$21.50

0.65 (3.12%)

16:01
01/19/18
01/19
16:01
01/19/18
16:01
Hot Stocks
Acushnet Holdings acquires Linkgs & Kings, terms not disclosed »

Acushnet Holdings…

03/08/13
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03/06/13
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BG

Bunge

$69.79

0.145 (0.21%)

, ADM

Archer Daniels

$40.66

0.18 (0.44%)

15:58
01/19/18
01/19
15:58
01/19/18
15:58
Hot Stocks
Breaking Hot Stocks news story on Bunge, Archer Daniels »

Bunge jumps 10% after…

BG

Bunge

$69.79

0.145 (0.21%)

ADM

Archer Daniels

$40.66

0.18 (0.44%)

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

    Feb

  • 14

    Feb

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