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BYD

Boyd Gaming

$35.23

-0.27 (-0.76%)

, CAA

CalAtlantic

$53.12

0.41 (0.78%)

04:55
02/13/18
02/13
04:55
02/13/18
04:55

Boyd Gaming to replace CalAtlantic in S&P 400 at open on 2/13

S&P 500 constituent Lennar (LEN) is acquiring CalAtlantic Group (CAA) in a deal expected to be completed on or about February 12 pending final approvals.

BYD

Boyd Gaming

$35.23

-0.27 (-0.76%)

CAA

CalAtlantic

$53.12

0.41 (0.78%)

LEN

Lennar

$59.34

0.65 (1.11%)

  • 20

    Feb

BYD Boyd Gaming
$35.23

-0.27 (-0.76%)

01/18/18
JEFF
01/18/18
INITIATION
Target $34
JEFF
Hold
Boyd Gaming initiated with a Hold at Jefferies
Jefferies analyst David Katz initiated coverage of the casino industry, starting Boyd Gaming with a Hold rating and $34 price target.
02/05/18
DBAB
02/05/18
NO CHANGE
Target $47
DBAB
Buy
Boyd Gaming price target raised to $47 from $39 at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli raised his price target for Boyd Gaming to $47 ahead of the company's Q4 results. The analyst sees portfolio improvements and strength in the Las Vegas locals market driving "sound" Q4 results. The analyst believes the company's portfolio is well positioned for longer term growth and keeps a Buy rating on the shares.
01/05/18
01/05/18
UPGRADE
Target $42

Buy
Boyd Gaming upgraded to Buy on accelerating growth, recovery at BofA/Merrill
As previously reported, BofA/Merrill upgraded Boyd Gaming to Buy from Neutral and raised its price target to $42 from $34. Analyst Shaun Kelley views valuation as attractive and sees multiple expansion opportunities driven by solid, potentially accelerating, top-line growth, promotional discipline and rationalization leading to improved margins, and optionality from M&A and real estate flexibility.
01/05/18
BOFA
01/05/18
UPGRADE
BOFA
Buy
Boyd Gaming upgraded to Buy from Neutral at BofA/Merrill
CAA CalAtlantic
$53.12

0.41 (0.78%)

02/07/18
LEHM
02/07/18
UPGRADE
Target $72
LEHM
Overweight
Lennar upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Michael Dahl upgraded Lennar (LEN) to Overweight and raised his price target for the shares to $72 from $68 after incorporating the acquisition of CalAtlantic (CAA). The analyst now expects higher returns, margins and growth, and thinks "strong" free cash flow" creates balance sheet optionality.
01/22/18
FBCO
01/22/18
NO CHANGE
Target $63
FBCO
Neutral
CalAtlantic price target raised to $63 from $51 at Credit Suisse
Credit Suisse analyst Susan Maklari raised her price target for CalAtlantic (CAA) to $63 from $51 on valuation. The analyst continues to expect the proposed merger with Lennar (LEN) to close within the expected timeframe as both management teams have noted extensive integration efforts already underway. Maklari reiterates a Neutral rating on CalAtlantic's shares.
01/12/18
RBCM
01/12/18
NO CHANGE
Target $82
RBCM
Outperform
Lennar price target raised to $82 from $73 at RBC Capital
RBC Capital analyst Michael Eisen raised his price target on Lennar (LEN) to $82 after the company's Q4 earnings beat, saying the results also topped expectations on all metrics related to underlying business. The analyst is also positive on Lennar's update regarding its pending CalAtlantic (CAA) acquisition, with comments suggesting a "material increase to synergy targets". Eisen keeps his Outperform rating on Lennar based on its favorable fundamentals and strong execution.
01/02/18
01/02/18
UPGRADE
Target $74

Outperform
Lennar upgraded to Outperform at Wells Fargo
As previously reported, Wells Fargo analyst Stephen East upgraded Lennar (LEN) to Outperform from Market Perform, with a $74 price target, based on his post-tax reform EPS estimate but without the CalAtlantic (CAA) acquisition included. The analyst is convinced Lennar has the ability to execute on this transaction, believing synergy savings guidance is conservative.
LEN Lennar
$59.34

0.65 (1.11%)

02/07/18
02/07/18
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. Lennar (LEN) upgraded to Overweight from Equal Weight at Barclays with analyst Michael Dahl saying he now expects higher returns, margins and growth, and thinks "strong" free cash flow" creates balance sheet optionality. 2. Chevron (CVX) upgraded to Outperform from Market Perform at Wells Fargo with analyst Roger Read saying he believes the energy sector's potential combination of growth and returns is attractive and could drive better shareholder returns in 2018. 3. Wynn Resorts (WYNN) was upgraded to Overweight from Neutral at JPMorgan and to Buy from Neutral at Nomura Instinet. 4. Snap (SNAP) was upgraded to Buy from Neutral at BofA/Merrill, to Hold from Sell at SunTrust, to Neutral from Underweight at JPMorgan, to In Line from Underperform at Evercore ISI, and to Outperform from Sector Perform at RBC Capital. 5. Spirit Airlines (SAVE) was upgraded to Outperform from Neutral at Macquarie and to Outperform from In-Line at Imperial Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/07/18
LEHM
02/07/18
UPGRADE
LEHM
Overweight
Lennar upgraded to Overweight from Equal Weight at Barclays
01/25/18
EVER
01/25/18
NO CHANGE
EVER
Lennar's DOJ subpoena not signficant news, says Evercore ISI
Evercore ISI said the Department of Justice subpoena for Lennar's (LEN) mortgage unit is not a significant news event as DR Horton (DHI) included almost exactly the same disclosure in its 2016 and 2017 filings. The firm notes that the Department of Justice has not asserted any claim for damages ore penalties.

TODAY'S FREE FLY STORIES

XLNX

Xilinx

$68.93

0.47 (0.69%)

11:12
02/23/18
02/23
11:12
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11:12
Conference/Events
Xilinx management to meet with KeyBanc »

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  • 26

    Feb

HMHC

Houghton Mifflin

$7.65

0.1 (1.32%)

11:10
02/23/18
02/23
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11:10
Options
Hefty option block in Houghton Mifflin Harcourt as shares falter »

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KRA

Kraton

$45.31

1.6 (3.66%)

11:10
02/23/18
02/23
11:10
02/23/18
11:10
Conference/Events
Kraton management to meet with KeyBanc »

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  • 28

    Feb

SBUX

Starbucks

$55.40

-0.7 (-1.25%)

11:00
02/23/18
02/23
11:00
02/23/18
11:00
Options
Starbucks puts active at the opening bell Friday »

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  • 07

    Mar

  • 21

    Mar

PSO

Pearson

$9.66

-0.08 (-0.82%)

10:50
02/23/18
02/23
10:50
02/23/18
10:50
Hot Stocks
Pearson sees FY18 adjusted ops profit GBP520M-GBP560M »

The base for 2018…

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LOW

Lowe's

$96.83

-0.06 (-0.06%)

10:50
02/23/18
02/23
10:50
02/23/18
10:50
Options
25K Lowes Mar - Oct 95 call spreads bought for $5.75 »

25K Lowes Mar - Oct 95…

03/08/13
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  • 28

    Feb

  • 07

    Mar

PSO

Pearson

$9.66

-0.08 (-0.82%)

10:48
02/23/18
02/23
10:48
02/23/18
10:48
Earnings
Pearson reports preliminary FY17 adjusted operating profit GBP576M, down 9% »

Reports preliminary FY17…

03/08/13
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03/08/13
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03/06/13
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03/06/13
Barclays

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SKX

Skechers

$39.04

0.8299 (2.17%)

10:45
02/23/18
02/23
10:45
02/23/18
10:45
Options
Skechers call volume above normal and directionally bullish »

Bullish option flow…

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Citigroup
03/06/13
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  • 23

    May

10:45
02/23/18
02/23
10:45
02/23/18
10:45
General news
Boston Fed hawk Rosengren: low real rates are likely for some time »

Boston Fed hawk…

MDT

Medtronic

$80.51

0.1 (0.12%)

10:45
02/23/18
02/23
10:45
02/23/18
10:45
Conference/Events
Medtronic has a conference call hosted by JPMorgan »

JPMorgan Analyst…

03/08/13
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03/08/13
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03/06/13
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  • 23

    Feb

  • 14

    Mar

  • 23

    Mar

TTMI

TTM Technologies

$15.52

-0.07 (-0.45%)

10:45
02/23/18
02/23
10:45
02/23/18
10:45
Conference/Events
TTM Technologies has a conference call hosted by JPMorgan »

JPMorgan Analyst Coster…

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03/06/13
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03/06/13
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  • 23

    Feb

  • 26

    Feb

VLKAY

Volkswagen

$40.89

0.46 (1.14%)

10:41
02/23/18
02/23
10:41
02/23/18
10:41
Earnings
Volkswagen sees fiscal 2018 sales up as much as 5% »

Volkswagen said in its…

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03/08/13
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VIA

Viacom

$38.15

-0.2 (-0.52%)

, FOXA

21st Century Fox

$37.16

0.1 (0.27%)

10:39
02/23/18
02/23
10:39
02/23/18
10:39
Hot Stocks
Box Office Battle: 'Black Panther' expecting $120M second weekend »

Marvel and Disney's…

VIA

Viacom

$38.15

-0.2 (-0.52%)

FOXA

21st Century Fox

$37.16

0.1 (0.27%)

LGF.B

Lionsgate

$26.79

0.01 (0.04%)

VIAB

Viacom

$32.93

-0.1 (-0.30%)

CMCSA

Comcast

$38.80

-0.21 (-0.54%)

CMCSK

Comcast

LGF.A

Lionsgate

$28.02

0.05 (0.18%)

TWX

Time Warner

$94.17

-0.2 (-0.21%)

DIS

Disney

$105.53

0.29 (0.28%)

SNE

Sony

$49.64

-0.21 (-0.42%)

FOX

21st Century Fox

$36.73

0.17 (0.46%)

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

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  • 23

    Feb

  • 26

    Feb

  • 01

    Mar

  • 05

    Mar

  • 20

    Mar

  • 23

    Apr

10:35
02/23/18
02/23
10:35
02/23/18
10:35
General news
FX Action: USD-CAD »

FX Action: USD-CAD slid…

ATI

Allegheny Technologies

$27.04

0.41 (1.54%)

10:33
02/23/18
02/23
10:33
02/23/18
10:33
Conference/Events
Allegheny Technologies management to meet with KeyBanc »

Meeting to be held in…

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  • 26

    Feb

  • 27

    Feb

  • 01

    May

  • 02

    May

  • 03

    May

NVRO

Nevro

$81.92

2.27 (2.85%)

10:31
02/23/18
02/23
10:31
02/23/18
10:31
Recommendations
Nevro analyst commentary  »

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10:30
02/23/18
02/23
10:30
02/23/18
10:30
General news
Treasury Option Action: put buying in the belly »

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10:27
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10:27
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10:27
Conference/Events
Leerink healthcare analysts to hold an analyst/industry conference call »

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MDXG

MiMedx

$8.88

-0.17 (-1.88%)

10:25
02/23/18
02/23
10:25
02/23/18
10:25
Conference/Events
MiMedx to hold a conference call »

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  • 23

    Feb

  • 14

    Mar

10:24
02/23/18
02/23
10:24
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10:24
General news
Averages up in early trading but off best levels »

Stock futures moved…

WRK

WestRock

$65.72

0.44 (0.67%)

10:21
02/23/18
02/23
10:21
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10:21
Conference/Events
WestRock management to meet with Buckingham »

Meeting to be held in…

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  • 26

    Feb

GILD

Gilead

$79.40

-1.29 (-1.60%)

, GSK

GlaxoSmithKline

$36.67

0.1 (0.27%)

10:20
02/23/18
02/23
10:20
02/23/18
10:20
Conference/Events
Leerink pharmaceuticals analysts to hold an analyst/industry conference call »

Analyst Research Team…

GILD

Gilead

$79.40

-1.29 (-1.60%)

GSK

GlaxoSmithKline

$36.67

0.1 (0.27%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

    Feb

  • 25

    Mar

  • 23

    Apr

A

Agilent

$70.76

0.08 (0.11%)

10:20
02/23/18
02/23
10:20
02/23/18
10:20
Options
$5.6M put buyer in Agilent »

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  • 21

    Mar

VLKAY

Volkswagen

$40.89

0.46 (1.14%)

10:19
02/23/18
02/23
10:19
02/23/18
10:19
Earnings
Volkswagen reports year adjusted operating profit EUR 17B, consensus EUR 17.29B »

Reports year revenue EUR…

03/08/13
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03/06/13
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WLTW

Willis Towers Watson

$156.53

-1.04 (-0.66%)

10:19
02/23/18
02/23
10:19
02/23/18
10:19
Conference/Events
Willis Towers Watson management to meet with Morgan Stanley »

Meetings to be held in…

03/08/13
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  • 26

    Feb

  • 27

    Feb

  • 16

    Apr

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