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KSS

Kohl's

$56.90

2.54 (4.67%)

, GPRO

GoPro

$6.56

-0.96 (-12.77%)

16:28
01/08/18
01/08
16:28
01/08/18
16:28

On The Fly: Top stock stories for Monday

Stocks opened little changed and spent the day trading mostly sideways. The Nasdaq spent most of the day higher while the Dow was the laggard and the S&P drifted back and forth across the flat line. The economic calendar was devoid of any major releases as investors begin looking forward to the upcoming start of the earnings season. ECONOMIC EVENTS: In the U.S., consumer credit surged $28B in November, the largest jump in 16 years, after October's $20.5B gain. COMPANY NEWS: Among companies issuing earnings pre-announcements this morning, Kohl's (KSS) was a stand out to the upside, jumping nearly 5% after the retailer said its sales for the holiday period were up almost 7% year-over-year. On the opposite end of the spectrum, GoPro (GPRO) plunged 13% after cutting its Q4 revenue outlook, reporting it plans to cut its workforce to fewer than 1,000 employees worldwide and stating that it plans to exit the drone market after selling its remaining Karma inventory. CNBC later reported that GoPro hired JPMorgan Chase to help it seek a potential sale of the company, though GoPro chief executive officer Nick Woodman told Bloomberg that the company has not engaged the bank to explore a sale... Following a Seeking Alpha article attributed with highlighting Seagate's (STX) previous investments in Ripple via early stage fundraising, the company's shares jumped 7% despite the fact that the cryptocurrency was falling sharply. Meanwhile, Western Union (WU) shares gained 4% after Susquehanna analyst James Friedman upgraded the stock to Neutral from Negative, stating that he believes the company may be working with Ripple Labs to potentially implement blockchain applications in remittance... Meanwhile, Toyota (TM) shares were fractionally higher in New York after the car maker unveiled its mobile marketplace e-Palette at the 2018 Consumer Electronics Show. Toyota has already rounded up Amazon (AMZN), Pizza Hut (YUM), Mazda (MZDAF), and Didi as corporate partners for the new platform. MAJOR MOVERS: Among the noteworthy gainers was Nevro (NVRO), which surged 14% after it received FDA approval for its Senza 11 Spinal Cord Stimulation System and after it provided revenue guidance. Also higher was Weight Watchers (WTW), which gained 12% after stakeholder, board member, and spokesperson Oprah Winfrey delivered a particularly buzzworthy speech last night at the Golden Globes. Among the notable losers was Axovant (AXON), which saw its shares drop 57% after the company said that its investigational drug intepirdine did not meet its primary efficacy endpoints in Phase 2b studies. Also lower was Dave & Buster's (PLAY), which fell 22% after cutting its fiscal 2017 revenue guidance. INDEXES: The Dow fell 12.87, or 0.05%, to 25,283.00, the Nasdaq gained 20.83, or 0.29%, to 7,157.39, and the S&P 500 advanced 4.56, or 0.17%, to 2,747.71.

KSS

Kohl's

$56.90

2.54 (4.67%)

GPRO

GoPro

$6.56

-0.96 (-12.77%)

STX

Seagate

$46.00

3.06 (7.13%)

WU

Western Union

$21.49

0.89 (4.32%)

TM

Toyota

$134.77

0.91 (0.68%)

AMZN

Amazon.com

$1,246.87

17.73 (1.44%)

YUM

Yum! Brands

$82.98

0.14 (0.17%)

MZDAF

Mazda

$13.80

0.07 (0.51%)

NVRO

Nevro

$81.33

10.24 (14.40%)

WTW

Weight Watchers

$52.62

5.71 (12.17%)

AXON

Axovant Sciences

$2.31

-3.06 (-56.98%)

PLAY

Dave & Buster's

$43.79

-12.58 (-22.32%)

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KSS Kohl's
$56.90

2.54 (4.67%)

01/02/18
MSCO
01/02/18
NO CHANGE
MSCO
Kohl's, Macy's Q4 same-store sales estimates raised at Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger said that overall retail traffic appeared solid following Christmas, adding that store checks and third party data points suggest better performance at Kohl's (KSS) and Macy's (M) than she originally anticipated. Greenberger raised her Q4 Kohl's comparable sales estimate to down 1% from down 3% and increased her comp sales estimate for Macy's to down 2% from down 2.5%. However, she maintains an Underweight rating on Kohl's shares and an Equal Weight rating on Macy's.
12/22/17
MSCO
12/22/17
NO CHANGE
MSCO
TJX stands to benefit from Bon-Ton closures, says Morgan Stanley
After analyzing which department stores and off-price retailers have the greatest overlap with troubled retailer Bon-Ton Stores (BONT), Morgan Stanley analyst Kimberly Greenberger found that over 40% of Bon-Ton's have a TJX (TJX) concept within a one mile radius and she sees it as the retailer that could benefit the most from a Bon-Ton liquidity event. Though Sears (SHLD) has the greatest overlap overall, there is no evidence to suggest it, nor Kohl's (KSS) and J.C. Penney (JCP), have been able to capitalize on Bon-Ton's struggles so far, added Greenberger.
01/04/18
MKMP
01/04/18
NO CHANGE
Target $48
MKMP
Neutral
Kohl's price target raised to $48 from $40 at MKM Partners
MKM Partners analyst Patrick McKeever raised his price target on Kohl's to $48 as part of his Consumer Retail research note. McKeever says that while his channel checks for the company were mixed, the "bigger picture" indicators are positive amid colder winter weather that should drive strong sales of outerwear and sweaters. The analyst keeps his Neutral rating on Kohl's.
12/08/17
NRCS
12/08/17
INITIATION
NRCS
Neutral
Kohl's initiated with a Neutral at Northcoast
GPRO GoPro
$6.56

-0.96 (-12.77%)

01/08/18
JPMS
01/08/18
NO CHANGE
Target $9
JPMS
Overweight
GoPro price target lowered to $9 from $13 at JPMorgan
JPMorgan analyst Paul Coster lowered his price target for GoPro shares to $9 citing today's negative preannouncement. The analyst now assumes lower pricing and gross margins through 2019. Offsetting this somewhat is reduced operating expenses from GoPro's restructuring initiatives, Coster tells investors in a research note. He keeps an Overweight rating on the shares. The analyst still believes a return to profitability is probable in 2018. GoPro in morning trading is off the day's lows, but the stock remains down 21% to $5.98.
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.
01/08/18
01/08/18
DOWNGRADE

Neutral
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.
01/08/18
LBOW
01/08/18
DOWNGRADE
LBOW
Neutral
GoPro downgraded to Neutral from Buy at Longbow
STX Seagate
$46.00

3.06 (7.13%)

01/08/18
COWN
01/08/18
NO CHANGE
COWN
Market Perform
Cowen says conservatism warranted valuing Seagate stake in Ripple
Following a Seeking Alpha article attributed with highlighting Seagate's previous investments in Ripple via early stage fundraising, Cowen analyst Karl Ackerman said he does not think that the company's investment is worth even half of the $8B the article speculates. He thinks it could be worth as much as $2B on paper, but also tells investors that "a high degree of conservatism should be warranted" given the high volatility of cryptocurrencies and the lack of clarity regarding Seagate's investment objectives. Ackerman keeps a Market Perform rating on Seagate shares, which are up 7% in late morning trading.
01/05/18
KEYB
01/05/18
NO CHANGE
KEYB
KeyBanc calls memory checks mixed entering Q1
KeyBanc analyst Weston Twigg says his memory contacts maintain a mixed view on memory pricing this year, with DRAM likely up moderately and NAND down. The analyst continues to expect limited new DRAM supply until later this year, creating a tight supply/demand environment, and "substantial" new NAND capacity coming online in the first half of the year, driving lower pricing. He views DRAM strength as positive for Micron (MU), and NAND softness as a potential negative for Micron, Western Digital (WDC) and Seagate (STX).
01/08/18
SUSQ
01/08/18
NO CHANGE
Target $39
SUSQ
Neutral
Susquehanna sellers on Seagate strength due to Ripple stake report
Following a report that noted Seagate's investment in Ripple Labs and speculated on the value that the stake could represent, Susquehanna analyst Mehdi Hosseini said he would be a seller on strength that was driven by reports related to Ripple. While the investment in Ripple Labs is "intriguing," Hosseini pointed out that it is an equity investment and not token ownership, meaning the holding is not a source of liquid cash for Seagate. The value of the investment in Ripple Labs is likely to "fluctuate wildly," added the analyst, who keeps a Neutral rating on Seagate shares.
12/13/17
COWN
12/13/17
NO CHANGE
COWN
Outperform
JV settlement positive for both Western Digital and Seagate, says Cowen
Cowen analyst Karl Ackerman said Western Digital's (WDC) settlement agreement with Toshiba (TOSBF) is largely in line with his prior expectations and should lead to a better multiple for Western Digital shares since it removes one of investors' primary fears. The deal is also a positive for Seagate (STX), according to Ackerman, as it gives that company an opportunity to access NAND supply from Toshiba. The analyst, who maintains an Outperform rating on Western Digital, added that the company's updated guidance proves his prior view that Street estimates were "way too low."
WU Western Union
$21.49

0.89 (4.32%)

12/14/17
12/14/17
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. CBS (CBS) initiated with an Overweight at Stephens. 2. Floor & Decor (FND) initiated with a Buy at Stifel. 3. Tronox (TROX) initiated with an Overweight at Barclays. 4. LivePerson (LPSN) initiated with a Buy at B. Riley FBR. 5. Western Union (WU) assumed with a Sell at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/08/18
SUSQ
01/08/18
UPGRADE
Target $21
SUSQ
Neutral
Western Union upgraded to Neutral at Susquehanna
As previously reported, Susquehanna analyst James Friedman upgraded Western Union to Neutral from Negative. He believes the company may be working with Ripple Labs to potentially implement blockchain applications in remittance and sees that as a possible accelerator with business-to-business. Friedman raised his price target to $21 from $17 on Western Union shares.
01/08/18
SUSQ
01/08/18
UPGRADE
SUSQ
Neutral
Western Union upgraded to Neutral from Negative at Susquehanna
01/08/18
01/08/18
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. United Technologies (UTX) upgraded to Buy from Neutral at Goldman Sachs with analyst Noah Poponak saying he believes United Technologies is within the year of maximum new engine loss on Geared Turbofan engines, or GTFs, and thinks the market will begin to look beyond that peak loss and give increased consideration to substantial longer-term cash flows. 2. Caterpillar (CAT) upgraded to Overweight from Neutral at JPMorgan with analyst Ann Duignan saying she believes the stock still has "significant upside" despite the outperformance in 2017. 3. Flir Systems (FLIR) upgraded to Buy from Hold at SunTrust with analyst Michael Ciarmoli citing the company's realigned segment structure under the new management team with a sharper focus on the larger government and industrial end-markets, forecasting outperformance driven by RAID order flow and new Department of Defense procurement initiatives. 4. Applied Materials (AMAT) upgraded to Strong Buy from Buy at Needham with analyst Y. Edwin Mok saying he is positive on the company's "balanced WFE exposure across segments" amid the likelihood of moderating NAND growth. 5. Western Union (WU) upgraded to Neutral from Negative at Susquehanna with analyst James Friedman saying he believes the company may be working with Ripple Labs to potentially implement blockchain applications in remittance and sees that as a possible accelerator with business-to-business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TM Toyota
$134.77

0.91 (0.68%)

08/24/17
RBCM
08/24/17
NO CHANGE
RBCM
Demand for Nvidia gaming chips remains strong, says RBC Capital
After conducting checks and reviewing Nvidia's (NVDA) 10-Q, RBC Capital analysts Mitch Steves and Amit Daryanani say that demand for Nvidia's gaming chips "remains healthy" in the midst of strong demand from crypto-currency miners. The analysts add that the company's new deal with Toyota (TM) should boost its selling volumes in 2018-2019, and cause its average selling prices to rise towards the end of that period. They add that sales of the company's Volta chip "are beginning to ramp." The analysts keep an Outperform rating on Nvidia.
09/21/17
RBCM
09/21/17
NO CHANGE
RBCM
Nvidia likely to continue partnering with Tesla, says RBC Capital
After CNBC and other media outlets reported that Tesla (TSLA) would work with AMD (AMD) to improve its self-driving car chips, RBC Capital analyst Mitch Steves expects Nvidia to continue to work with Tesla and remain the dominant chip provider to the automaker. He expects "similar dynamics" to play out in the data center space, with AMD "winning some share" in the sector, and Nvidia "remaining as the de-facto standard and market share leader." He notes that Toyota (TM) and Uber both use Nvidia's technology, and he does not expect the loss of share at Tesla to impact the chip maker over the long-term. He keeps an Outperform rating on Nvidia.
10/04/17
10/04/17
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. Toyota (TM) upgraded to Buy from Neutral at Citi with analyst Arifumi Yoshida saying he believes Toyota's market share in the U.S. is recovering and thinks its development trends in all-solid-state batteries can drive multiple expansion. 2. Sanchez Energy (SN) upgraded to Neutral from Sell at Seaport Global with analyst Mike Kelly citing valuation. 3. Jack in the Box (JACK) upgraded to Outperform from Market Perform at Telsey Advisory with analyst Bob Derrington saying the company is "increasing its focus" on "improving its business trends." 4. Lennar (LEN) upgraded to Buy from Neutral at MKM Partners with analyst Megan McGrath saying she believes that its margins are stabilizing. 5. Dollar Tree (DLTR) upgraded to Buy from Neutral at Cleveland Research with analyst Scott Bender saying checks indicate Family Dollar trends have improved "noticeably" in the third quarter driven by a combination of company specific initiatives including remodels, merchandising changes, and operational improvements, and a general improvement in dollar channel sales trends. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/17
SBSH
10/04/17
UPGRADE
SBSH
Buy
Toyota upgraded to Buy from Neutral at Citi
Citi analyst Arifumi Yoshida upgraded Toyota Motor to Buy and raised his price target for the shares to 8,800 yen from 6,800 yen. The analyst believes Toyota's market share in the U.S. is recovering and thinks its development trends in all-solid-state batteries can drive multiple expansion.
AMZN Amazon.com
$1,246.87

17.73 (1.44%)

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
JPMS
01/08/18
NO CHANGE
Target $230
JPMS
Overweight
JPMorgan calls Facebook best idea for 2018, ups target to $230
JPMorgan analyst Doug Anmuth calls Facebook (FB) his best idea for 2018 and raised his price target for the shares to $230 from $225. The social media giant closed Friday up $2.52 to $186.85. The analyst's favorite names for 2018 are Facebook, Priceline (PCLN) and Amazon (AMZN) among large-caps and Twitter (TWTR) and Yelp (YELP) among smid-caps. Facebook continues to show a "rare and impressive" combination of scale, growth and profitability, Anmuth tells investors in a research note. The analyst expects continued strong engagement and highlights the "rapid growth" at Instagram, which he believes could double over time and ultimately approach core Facebook platform scale. He keeps an Overweight rating on the shares.
01/08/18
FBCO
01/08/18
NO CHANGE
Target $1410
FBCO
Outperform
Amazon.com price target raised to $1410 from $1385 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for Amazon to $1410 from $1385 ahead of quarterly results and as he increases non-Prime subscription revenue and decrease e-Commerce segment capex estimates. The analyst reiterates an Outperform rating on the shares.
01/08/18
BARD
01/08/18
NO CHANGE
Target $1310
BARD
Outperform
Baird ups Amazon target to $1,310 after quarterly selection survey
Baird analyst Colin Sebastian says his firm's proprietary analysis of Amazon.com Q4 product selection suggests strong holiday sales. The quarterly selection survey, combined with positive e-commerce data towards the end of December, gives the analyst "some added confidence" in his above-consensus Q4 revenue estimate. Sebastian raised his price target for Amazon shares to $1,310 from $1,100 and keeps an Outperform rating on the name.
YUM Yum! Brands
$82.98

0.14 (0.17%)

01/02/18
WELS
01/02/18
NO CHANGE
WELS
Potbelly, Del Taco may see largest EPS tailwind from tax reform, says Wells Fargo
Wells Fargo argues that Potbelly (PBPB), Del Taco (TACO), El Pollo Loco (LOCO) and Jack in the Box (JACK) could see the largest EPS accretion tailwind from a reduced corporate tax rate, with Restaurant Brands (QSR), Red Robin (RRGB), Noodles & Company (NDLS) and Yum! Brands (YUM) the companies that could see the smallest tailwind. Recent restaurant rally indicates that virtually the entire sector has benefited from anticipation of potential tax reform, with the most heavily shorted names seeing an amplified move, the firm adds.
12/06/17
FBCO
12/06/17
NO CHANGE
FBCO
Shake Shack, Chipotle among tax reform beneficiaries, says Credit Suisse
Credit Suisse analyst Jason West believes tax reform could have a material impact on restaurant EPS and free cash flow since most profits are generated in the U.S. The analyst sees the top tax reform beneficiaries including Shake Shack (SHAK), Chipotle (CMG), Jack in the Box (JACK), Wingstop (WING), and Dunkin' Brands (DNKN), while companies least-benefited by tax reform tend to be global franchisors with already-low tax rates, such as Restaurant Brands (QSR), McDonald's (MCD) and Yum! Brands (YUM).
12/06/17
WELS
12/06/17
NO CHANGE
WELS
Tax reform-driven EPS accretion would be sizeable for restaurant sector, says Wells Fargo
Wells Fargo analyst Jeff Farmer says that small cap companies including Del Taco (TACO), Habit Restaurants (HABT), El Pollo Loco (LOCO), Shake Shack (SHAK) and Noodles & Company (NDLS) could see the largest EPS accretion tailwind from a reduced corporate tax rate, with Red Robin (RRGB), Restaurant Brands (QSR), Yum! Brands (YUM) and Bloomin' Brands (BLMN) the companies that could see the smallest tailwind. The analyst notes that recent restaurant sector rally indicates that virtually the entire sector has benefitted from anticipation of potential tax reform, with the most heavily shorted names seeing an amplified share price move.
12/04/17
BARD
12/04/17
NO CHANGE
BARD
Potential tax cuts should bode well for restaurants, says Baird
Baird analyst David Tarantino argues that with Congress making progress toward passing a tax package that would reduce rates for corporations and individuals, most restaurant chains should benefit from the reform. As such, the analyst sees potential for investor sentiment toward the group to become more positive if tax cuts actually are enacted, creating a good setup for many stocks heading into 2018. Jack in the Box (JACK), El Pollo Loco (LOCO), Wingstop (WING), Dunkin' Brands (DNKN), McDonald's (MCD), Yum! Brands (YUM), Buffalo Wild Wings (BWLD), and Texas Roadhouse (TXRH) seem best positioned to show meaningful step-up in comps following tax cuts, he contends.
MZDAF Mazda
$13.80

0.07 (0.51%)

10/12/17
JEFF
10/12/17
DOWNGRADE
JEFF
Underperform
Mazda downgraded to Underperform from Hold at Jefferies
Jefferies analyst Takaki Nakanishi downgraded Mazda to Underperform.
11/08/17
GSCO
11/08/17
DOWNGRADE
GSCO
Neutral
Mazda downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Kota Yuzawa downgraded Mazda Motor to Neutral citing "slumping" sales and rising per-vehicle incentive costs in the U.S.
NVRO Nevro
$81.33

10.24 (14.40%)

11/07/17
ADAM
11/07/17
NO CHANGE
Target $110
ADAM
Buy
Nevro weakness a buying opportunity, says Canaccord
Canaccord analyst Jason Mills said the weakness in Nevro is a buying opportunity. He noted the company delivered Q3 sales ahead of consensus and said its robust pipeline was a highlight to its upside print. Mills reiterated his Buy rating and lowered his price target to $110 from $120 on Nevro shares.
11/07/17
LEER
11/07/17
NO CHANGE
Target $110
LEER
Outperform
Nevro price target raised to $110 from $105 at Leerink
Leerink analyst Danielle Antalffy raised her price target for Nevro to $110 from $105 after another "solid" quarter, with guidance still conservative. The analyst reiterates an Outperform rating on the shares.
07/05/17
JPMS
07/05/17
NO CHANGE
JPMS
Overweight
Nevro preannounced strong Q2 sales, says JPMorgan
JPMorgan analyst Michael Weinstein reiterates an Overweight rating Nevro shares saying the company this morning preannounced "strong" Q2 sales. He expects the stock to trade up on the U.S. performance and notes that his talks with management indicate the departure of Michael Enxing, VP of Sales, was in the works following the Q1 shortfall. The analyst recommends buying Nevro at current levels.
07/17/17
ADAM
07/17/17
NO CHANGE
ADAM
M&A in med-tech space will accelerate, says Canaccord
Canaccord analyst Jason Mills remains cautious in the med-tech space but believes M&A will continue to be a major theme. He noted the sector is trading at peak levels and recommends trading around core positions and looking for pullbacks to average down in favorite names. He said the most likely takeout names, in this order, are, Nevro (NVRO), AtriCure (ATRC), NxStage Medical (NXTM), iRhythm (IRTC), and Penumbra (PEN).
WTW Weight Watchers
$52.62

5.71 (12.17%)

11/07/17
CHLM
11/07/17
NO CHANGE
Target $70
CHLM
Buy
Weight Watchers price target raised to $70 from $50 at Craig-Hallum
Craig-Hallum analyst Alex Fuhrman raised his price target for Weight Watchers to $70 from $50 after the company delivered a "strong" beat and raise as retention reaches multi-year highs. The analyst believes momentum is building in 2017 with potential for significant upside to estimates in 2018. Fuhrman reiterates a Buy rating on the shares.
12/20/17
12/20/17
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. Weight Watchers (WTW) initiated with a Buy at B. Riley FBR. 2. Cloudera (CLDR) initiated with a Buy at Drexel Hamilton. 3. Trade Desk (TTD) initiated with an Outperform at Wells Fargo. 4. RGC Resources (RGCO) initiated with a Neutral at Janney Capital. 5. Extreme Networks (EXTR) initiated with an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/20/17
RILY
12/20/17
INITIATION
Target $65
RILY
Buy
Weight Watchers initiated with a Buy at B. Riley FBR
B. Riley FBR started Weight Watchers with a Buy rating and $65 price target.
12/20/17
RILY
12/20/17
NO CHANGE
Target $65
RILY
Buy
B. Riley FBR starts Weight Watchers with Buy rating, $65 target
B. Riley FBR analyst Kara Anderson initiated last night shares of Weight Watchers with a Buy rating and $65 price target. The analyst sees multiple long-term growth levers that could drive the company's sales back to peak levels in five years. In the near-term, Anderson expects solid recruitment from Weight Watchers' new plan launching for the 2018 diet season.
AXON Axovant Sciences
$2.31

-3.06 (-56.98%)

09/27/17
BARD
09/27/17
DOWNGRADE
Target $6
BARD
Neutral
Axovant Sciences downgraded to Neutral, failure a 'death blow,' says Baird
Baird analyst Brian Skorney downgraded Axovant Sciences to Neutral from Outperform saying the failure of the Phase 3 MINDSET study in Alzheimer's this morning is a "death blow" to his thesis. The analyst removed all Alzheimer's sales for intepirdine of up to $3.5B at peak from his model and slashed Axovant's price target to $6 from $29.
09/27/17
HCWC
09/27/17
NO CHANGE
Target $11
HCWC
Buy
H.C. Wainwright reiterates Buy on Axovant, says look beyond Mindset
Following the failure in Alzheimer's, H.C. Wainwright analyst Andrew Fein encourages investors to look beyond the Mindset trial and focus on the four compounds Axovant Sciences has in the clinic. He believes readouts later this year in Lewy bodies and Parkinson's disease dementia may comprise the main value drivers for Axovant moving forward. The company's core competence resides in its ability to identify and in-license underappreciated and undervalued assets, Fein tells investors in a research note partially titled "'Skyfall' is Not the End." He lowered his price target on the shares to $11 from $35 and reiterates a Buy rating on the name.
12/21/17
12/21/17
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. PG&E (PCG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Shelby Tucker stating that the company's "unexpected" decision to suspend its dividend suggests greater risk than he had assumed regarding the regulatory treatment of the California wildfires in October. 2. ConocoPhillips (COP) downgraded to Outperform from Focus List at Scotia Howard Weil. 3. Axovant Sciences (AXON) downgraded to Hold from Buy at Jefferies with analyst Michael Yee saying the company needs "more interesting" in-licensed compounds to renew investor interest in 2018 and to demonstrate the new CEO can drive shareholder value. 4. Lazard (LAZ) downgraded to Neutral from Buy at Buckingham with analyst James Mitchell saying he sees little operating leverage from the tax rate cut and said weakening restructuring revenues will be a drag on growth. 5. SunTrust (STI) downgraded to Neutral from Outperform at Wedbush with analyst Peter Winter citing valuation with the shares up 19% year-to-date. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/21/17
JEFF
12/21/17
DOWNGRADE
Target $6
JEFF
Hold
Axovant Sciences downgraded to Hold from Buy at Jefferies
Jefferies analyst Michael Yee downgraded Axovant Sciences to Hold and cut his price target for the shares to $6 from $12. The company needs "more interesting" in-licensed compounds to renew investor interest in 2018 and to demonstrate the new CEO can drive shareholder value, Yee tells investors in a research note. The analyst views the stock's risk/reward as balanced at current levels.
PLAY Dave & Buster's
$43.79

-12.58 (-22.32%)

12/07/17
ADAM
12/07/17
NO CHANGE
Target $70
ADAM
Buy
Dave & Buster's Q3 results better than feared, says Canaccord
Canaccord analyst Lynne Collier said Dave & Buster's Q3 results were mixed, but better than feared. The analyst said the outlook for the company remains strong and that guidance appears conservative. She expects new store performance to remain impressive, likes the different experience model, believes the company can sustain double digit unit growth, and views valuation as attractive. Collier reiterated her Buy rating and $70 price target on Dave & Buster's shares.
12/06/17
RHCO
12/06/17
NO CHANGE
Target $80
RHCO
Buy
Dave & Buster's price target lowered to $80 from $88 at SunTrust
SunTrust analyst Jake Bartlett lowered his price target on Dave & Buster's to $80 following Q3 results, which he says were "not pretty, but enough to assuage investor concerns about decelerating SSS". Bartlett says that while Q4 comps started out weak, a holiday calendar shifts should support a recovery. The analyst keeps his Buy rating, noting that the strong game lineup and new VR platform should accelerate amusement SSS in FY18, while also calling the company's "aggressive" food initiatives "encouraging".
12/22/17
MAXM
12/22/17
NO CHANGE
MAXM
Buy
Maxim names Dave & Buster's, Domino's and Del Taco as top 2018 restaurant picks
Maxim analyst Stephen Anderson expects the Tax Cut and Jobs Act to benefit some restaurant names more than others, calling out Habit Restaurants (HABT), Chipotle (CMG), and Zoe's Kitchen (ZOES), Dave & Buster's (PLAY), Domino's Pizza (DPZ) and Del Taco (TACO) as among those that may benefit "disproportionately" compared to sector peers. Anderson identifies Dave & Buster's, Domino's and Del Taco as his top restaurant picks for 2018 and keeps Buy ratings on all three. He also raised his price target on D&B to $97 from $84, on Domino's to $240 from $230 and on Del Taco to $20 from $19.
01/03/18
RHCO
01/03/18
NO CHANGE
Target $95
RHCO
Buy
Dave & Buster's price target raised to $95 from $80 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on Dave & Buster's to $95 as part of his "Buy The Tax News" research note on Restaurants. Bartlett says the company is "one of the strongest unit growth stories in restaurants, driven by strong new unit economics and improved access to real estate", with store growth accelerating 15.2% last year and forecast to rise another 13-14% in 2018. The analyst says that despite this dynamic, the stock trades in-line with slower growing full-service peers, reflecting investor concerns about decelerating SSS which could be ameliorated by accelerating tax-reform driven industry-wide demand.

TODAY'S FREE FLY STORIES

ADBE

Adobe

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NFLX

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CAMP

CalAmp

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AYR

Aircastle

$24.23

-0.03 (-0.12%)

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CRNCY

Cairn Energy

$6.15

0.11 (1.82%)

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SRE

Sempra Energy

$105.05

-0.94 (-0.89%)

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TRN

Trinity Industries

$36.51

-0.15 (-0.41%)

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  • 23

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EPE

EP Energy

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SBOW

SilverBow Resources

$31.45

-0.79 (-2.45%)

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BNED

Barnes & Noble Education

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  • 23

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BRG

Bluerock Residential

$9.22

0.03 (0.33%)

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FCPT

Four Corners Property Trust

$24.13

0.45 (1.90%)

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  • 23

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SIG

Signet Jewelers

$55.87

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UNF

UniFirst

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PRQR

ProQR Therapeutics

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CQH

Cheniere Energy Partners LP

$28.50

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Cheniere Energy Partners

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Buckeye Partners

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ABEO

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STML

Stemline

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