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CMG

Chipotle

$304.33

4.03 (1.34%)

05:14
02/07/18
02/07
05:14
02/07/18
05:14

Chipotle downgraded to Neutral from Buy at Mizuho

Mizuho analyst Jeremy Scott downgraded Chipotle to Neutral from Buy with a $300 price target. Scott believes that "time has expired" and can no longer use previous setbacks as a guide for timing of customer re-engagement. The analyst is encouraged by reorganization and the launch of the loyalty program, he is discouraged by its out-of-sequence G&A ramp, an ineffective marketing campaign, and aggressive capex plans.

CMG Chipotle
$304.33

4.03 (1.34%)

02/01/18
UBSW
02/01/18
DOWNGRADE
Target $290
UBSW
Sell
Chipotle downgraded to Sell from Neutral at UBS
UBS analyst Dennis Geiger downgraded Chipotle Mexican Grill to Sell and cut his price target for the shares to $290 from $345. The stock closed yesterday up $2.68 to $324.76. Brand perceptions "remain depressed" while competition is unlikely to ease in 2018, Geiger tells investors in a research note. He also believes Chipotle's unit development expectations could still be ambitious. The analyst sees downside to consensus Q4 as well as 2018 and 2019 estimates. Continued same-store-sales and unit growth concerns highlight an unfavorable risk/reward, Geiger concludes.
02/01/18
02/01/18
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. PayPal (PYPL) downgraded to Neutral from Buy at BTIG with analyst Mark Palmer saying last night's fourth quarter results were not strong enough to justify the stock's "lofty" valuation. 2. Starbucks (SBUX) downgraded to Neutral from Buy at Mizuho with analyst Jeremy Scott saying as long as the company's U.S. comps continue to decelerate in the near-term, investors will be less willing to justify a premium valuation or shift focus to the China growth story. 3. Nvidia (NVDA) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst saying shares have had a strong run and believes long-term secular growth drivers in Datacenter are better understood and concurrency demand may lead to increased volatility. 4. Chipotle (CMG) downgraded to Sell from Neutral at UBS with analyst Dennis Geiger saying brand perceptions "remain depressed" while competition is unlikely to ease in 2018. 5. Check Point (CHKP) downgraded to Market Perform from Outperform at Wells Fargo with analyst Philip Winslow saying he is more cautious on Check Point's near-term product revenue growth following "recent execution shortfalls and increasing uncertainty regarding the competitive environment in network security." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/05/18
PIPR
02/05/18
NO CHANGE
Target $350
PIPR
Overweight
Piper says Chipotle remains 'top recovery pick' for 2018
Piper Jaffray analyst Nicole Miller Regan keeps an Overweight rating on Chipotle Mexican Grill with a $350 price target saying the stock remains a "top recovery pick" for 2018. After hosting an investor tour to visit with Chipotle's Director of France in Paris, the analyst believes structural improvements, over time, will allow Chipotle's international base to grow at a "reasonably faster pace." Regan believes the eventual CEO appointment, menu price increase and lower tax rate will serve as catalysts for the stock.
02/07/18
STFL
02/07/18
DOWNGRADE
STFL
Sell
Chipotle downgraded to Sell from Hold at Stifel

TODAY'S FREE FLY STORIES

VIPS

Vipshop

$11.65

0.425 (3.79%)

15:25
06/18/18
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15:25
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15:25
Options
Vipshop call volume above normal and directionally bullish »

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TFX

Teleflex

$280.29

-1.61 (-0.57%)

15:20
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06/18
15:20
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15:20
Conference/Events
Teleflex management to meet with Jefferies »

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GME

GameStop

$14.27

0.355 (2.55%)

15:19
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06/18
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15:19
Periodicals
GameStop talks with PE firms after seeing takeover interest, Reuters says »

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OFC

Corporate Office Properties

$27.36

-0.055 (-0.20%)

15:18
06/18/18
06/18
15:18
06/18/18
15:18
Conference/Events
Corporate Office Properties management to meet with Jefferies »

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  • 21

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
06/18/18
06/18
15:17
06/18/18
15:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
06/18/18
06/18
15:16
06/18/18
15:16
Technical Analysis
NYSE market internals summary »

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GME

GameStop

$14.27

0.355 (2.55%)

15:11
06/18/18
06/18
15:11
06/18/18
15:11
Hot Stocks
Breaking Hot Stocks news story on GameStop 

GameStop trading resumes

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  • 19

    Jun

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HDP

Hortonworks

$19.96

0.86 (4.50%)

15:10
06/18/18
06/18
15:10
06/18/18
15:10
Options
Higher call activity in HortonNetworks as shares see relative strength »

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15:10
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General news
Treasury Closing Summary: »

Treasury Closing Summary:…

GME

GameStop

$14.29

0.375 (2.69%)

15:08
06/18/18
06/18
15:08
06/18/18
15:08
Hot Stocks
GameStop jumps after Reuters reports on takeover interest »

Shares of GameStop (GME)…

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  • 19

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QTNT

Quotient

$8.33

1.2 (16.83%)

15:08
06/18/18
06/18
15:08
06/18/18
15:08
Conference/Events
Quotient management to meet with Jefferies »

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  • 21

    Jun

GME

GameStop

$14.30

0.385 (2.77%)

15:06
06/18/18
06/18
15:06
06/18/18
15:06
Periodicals
Breaking Periodicals news story on GameStop »

GameStop talks with PE…

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  • 19

    Jun

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    Jun

GME

GameStop

$14.31

0.395 (2.84%)

15:05
06/18/18
06/18
15:05
06/18/18
15:05
Hot Stocks
Breaking Hot Stocks news story on GameStop »

GameStop trading halted,…

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  • 19

    Jun

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SKX

Skechers

$29.23

-0.2 (-0.68%)

15:05
06/18/18
06/18
15:05
06/18/18
15:05
Options
Skechers call volume above normal and directionally bullish »

Bullish option flow…

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CME

CME Group

$169.09

-0.7 (-0.41%)

14:55
06/18/18
06/18
14:55
06/18/18
14:55
Conference/Events
CME Group management to meet with Jefferies »

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  • 20

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BIG

Big Lots

$41.35

0.11 (0.27%)

14:55
06/18/18
06/18
14:55
06/18/18
14:55
Options
Big Lots put volume heavy and directionally bearish »

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SJW

SJW Corp.

$66.69

-0.16 (-0.24%)

, CTWS

Connecticut Water

$65.50

0.5 (0.77%)

14:49
06/18/18
06/18
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14:49
Hot Stocks
SJW sees giving shareholders chance to vote on Connecticut Water deal ASAP »

SJW Group (SJW) commented…

SJW

SJW Corp.

$66.69

-0.16 (-0.24%)

CTWS

Connecticut Water

$65.50

0.5 (0.77%)

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PTC

PTC

$98.07

3.2 (3.37%)

14:45
06/18/18
06/18
14:45
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14:45
Recommendations
PTC analyst commentary  »

PTC price target raised…

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  • 18

    Jun

OXY

Occidental Petroleum

$84.23

0.9 (1.08%)

14:45
06/18/18
06/18
14:45
06/18/18
14:45
Options
Occidental Petroleum call volume above normal and directionally bullish »

Bullish option flow…

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ETSY

Etsy

$43.86

1.33 (3.13%)

14:41
06/18/18
06/18
14:41
06/18/18
14:41
Recommendations
Etsy analyst commentary  »

Etsy price target raised…

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  • 18

    Jun

BUD

AB InBev

$96.45

-2.05 (-2.08%)

14:37
06/18/18
06/18
14:37
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14:37
Hot Stocks
AB InBev, Kiip launch blockchain mobile ad campaign »

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  • 21

    Jun

GSKY

GreenSky

$24.15

-0.12 (-0.49%)

14:36
06/18/18
06/18
14:36
06/18/18
14:36
Initiation
GreenSky initiated  »

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DXC

DXC Technology

$83.05

-0.805 (-0.96%)

14:34
06/18/18
06/18
14:34
06/18/18
14:34
Hot Stocks
SOLUTIONS 30, DXC sign strategic partnership in Italy »

SOLUTIONS 30 Italia…

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QD

Qudian

$9.50

0.01 (0.11%)

14:25
06/18/18
06/18
14:25
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14:25
Options
Qudian Inc call volume above normal and directionally bullish »

Bullish option flow…

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14:25
06/18/18
06/18
14:25
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14:25
General news
More from Bostic: a possible yield curve inversion »

More from Bostic: a…

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