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CTSH

Cognizant

$73.90

0.61 (0.83%)

, KORS

Michael Kors

09:25
02/07/18
02/07
09:25
02/07/18
09:25

On The Fly: Pre-market Movers

UP AFTER EARNINGS: Cognizant (CTSH), up 4.2%... Michael Kors (KORS), up 8.1%... Intercontinental Exchange (ICE), up 1.4%... Ball Corp. (BLL), up 5.6%... Carlyle Group (CG), up 3.7%... Snap (SNAP), up 21.6%... Disney (DIS), up 1.2%. ALSO HIGHER: tronc (TRNC), up 42.15% after announcing it is selling the Los Angeles Times and other assets to Nant Capital for $500M. DOWN AFTER EARNINGS: Hasbro (HAS), down 5%... CDW (CDW), down 5.1%... Hain Celestial (HAIN), down 3.7%... Chipotle (CMG), down 10.1%.

CTSH

Cognizant

$73.90

0.61 (0.83%)

KORS

Michael Kors

ICE

IntercontinentalExchange

BLL

Ball Corp.

CG

Carlyle Group

$24.35

0.4 (1.67%)

SNAP

Snap

DIS

Disney

TRNC

tronc

$18.10

0.02 (0.11%)

HAS

Hasbro

$93.93

2.6 (2.85%)

CDW

CDW

$73.24

-0.57 (-0.77%)

HAIN

Hain Celestial

$36.36

0.46 (1.28%)

CMG

Chipotle

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CTSH Cognizant
$73.90

0.61 (0.83%)

01/12/18
BARD
01/12/18
NO CHANGE
Target $90
BARD
Outperform
Cognizant viewed as a good idea heading into results at Baird
Baird analyst David Koning views Cognizant (CTSH) as a good idea heading into Q4 results. He said the company has a mildly positive read-through from the Infosys (INFY) results as the company has averaged roughly the same growth over the past three calendar Q4's and he expects roughly 15-20% earnings growth over the next few years. Koning reiterated his Outperform rating and $90 price target on Cognizant shares.
01/18/18
SBSH
01/18/18
UPGRADE
Target $89
SBSH
Buy
Cognizant upgraded to Buy from Neutral at Citi
Citi analyst Ashwin Shirvaikar upgraded Cognizant to Buy and raised his price target for the shares to $89 from $79. The analyst believes consensus expectations continue to understate the company's sales while the near-term upward trajectory in margins should be positive for the shares. He finds Cognizant's valuation attractive despite the outperformance in 2017.
02/05/18
MSCO
02/05/18
UPGRADE
Target $180
MSCO
Overweight
Morgan Stanley double upgrades IT Services, moves Accenture to Overweight
Morgan Stanley analyst Brian Essex upgraded Accenture (ACN) to Overweight and raised his price target for the shares to $180 from $159. The analyst, following his firm's chief investment officer survey, believes the secular shift toward digital and cloud adoption is in the early stages. As such, Essex double upgraded his view on the IT Services industry to Attractive from Cautious. Vendors with strong positioning in consulting and system integration and next-gen applications should take market share, the analyst tells investors in a research note on the sector. Along with his upgrade of Accenture, the Essex highlights IBM (IBM) and Capgemini (CGEMY) as names poised to benefit relative to peers. He also raised his price target for Cognizant shares to $84 from $77.
12/21/17
OPCO
12/21/17
NO CHANGE
OPCO
Black Knight, Fiserv among beneficiaries of tax reform, says Oppenheimer
Oppenheimer analyst Glenn Greene anticipates Black Knight (BKI), Fiserv (FISV), Jack Henry (JKHY), SEI Investments (SEIC) and TSYS (TSS) could see the largest relative benefits given high percentage of domestic earnings, with 20%-plus estimated earnings accretion. Alternatively, the analyst believes Cognizant (CTSH), First Data (FDC) and Infosys (INFY) could see more modest benefit, considering Cognizant/Infosys' lower proportion of domestic earnings and First Data's elevated level of debt/interest expense. PayPal (PYPL) is not expected to benefit from tax reform, and could actually see a modest increase in its effective tax rate, he adds.
KORS Michael Kors

12/19/17
12/19/17
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. Michael Kors (KORS) was initiated with a Buy at Needham while Tapestry (TPR) was initiated with a Hold. 2. Sherwin-Williams (SHW) initiated with a Strong Buy, named a Top Pick at Raymond James. 3. Sucampo (SCMP) initiated with a Buy at Nomura Instinet. 4. Semtech (SMTC) initiated with a Neutral at Piper Jaffray. 5. Mimecast (MIME) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/24/18
OPCO
01/24/18
NO CHANGE
Target $74
OPCO
Outperform
Michael Kors price target raised to $74 from $62 at Oppenheimer
Oppenheimer analyst Anna Andreeva raised her price target for Michael Kors to $74 from $62 as Retail appears to be stabilizing with promotional pullback coming in better than plan. The analyst adds that spending for core business should begin to roll off while productivity in NA wholesale should also be close to bottoming. Andreeva reiterates an Outperform rating on the shares.
02/05/18
ADAM
02/05/18
NO CHANGE
Target $81
ADAM
Buy
Michael Kors price target raised to $81 from $67 at Canaccord
Canaccord analyst Camilo Lyon raised his price target on Michael Kors to $81 from $67 ahead of Q3 results. The analyst noted the company's increased traction on its turnaround plan, which he sees providing the potential for more upside. He pointed to a pullback in promotions and an increase in innovation, which could inflect positive in Q4. Lyon reiterated his Buy rating on Michael Kors shares.
01/30/18
OTRG
01/30/18
UPGRADE
OTRG
Positive
Michael Kors upgraded to Positive from Mixed at OTR Global
ICE IntercontinentalExchange

07/13/17
RBCM
07/13/17
UPGRADE
RBCM
Outperform
IntercontinentalExchange upgraded to Outperform from Sector Perform at RBC Capital
07/12/17
SBSH
07/12/17
INITIATION
Target $67
SBSH
Neutral
IntercontinentalExchange initiated with a Neutral at Citi
Citi analyst Ben Herbert started IntercontinentalExchange with a Neutral rating and $67 price target. The analyst sees "limited incremental growth and a full valuation."
01/25/18
BREN
01/25/18
INITIATION
Target $90
BREN
Buy
IntercontinentalExchange initiated with a Buy at Berenberg
Berenberg analyst Chris Turner initiated IntercontinentalExchange with a Buy and $90 price target.
09/08/17
LEHM
09/08/17
INITIATION
Target $72
LEHM
Overweight
IntercontinentalExchange initiated with an Overweight at Barclays
Barclays analyst Jeremy Campbell started IntercontinentalExchange with an Overweight rating and $72 price target. The analyst initiated U.S. Brokers, Asset Managers & Exchanges with a Neutral industry view.
BLL Ball Corp.

12/08/17
12/08/17
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. D.R. Horton (DHI) downgraded to Market Perform from Outperform at Keefe Bruyette. 2. Ball Corp. (BLL) and Silgan Holdings (SLGN) were downgraded to Underweight from Sector Weight at KeyBanc. 3. Ciena (CIEN) downgraded to Neutral from Overweight at Piper Jaffray with analyst Troy Jensen saying he sees 2018 being a more challenging year for the company. 4. Sigma Designs (SIGM) was downgraded to Hold from Buy at Lake Street, Benchmark, and Craig-Hallum. 5. HollyFrontier (HFC) downgraded to Underperform from Neutral at BofA/Merrill with analyst Doug Leggate citing full valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/15/17
VERT
12/15/17
UPGRADE
VERT
Buy
Ball Corp. upgraded to Buy on valuation at Vertical Research
Vertical Research analyst Chip Dillon upgraded Ball Crop to Buy from Hold citing the recent drop in shares and maintained a $44 price target
01/17/18
SBSH
01/17/18
UPGRADE
Target $45
SBSH
Buy
Ball Corp. upgraded to Buy from Neutral at Citi
Citi analyst Anthony Pettinari upgraded Ball Corp. to Buy and raised his price target for the shares to $45 from $43. The analyst views the recent selloff as overdone and sees an attractive entry point at current share levels. He also sees a "compelling setup" into Ball's Q4 results.
01/17/18
JPMS
01/17/18
DOWNGRADE
Target $30
JPMS
Underweight
Silgan Holdings downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Tyler Langton downgraded Silgan Holdings (SLGN) to Underweight and lowered his price target for the shares to $30 from $32. The analyst cites valuation for the downgrade, noting Silgan is trading at a premium to Crown Holdings (CCK) on a free cash flow yield basis despite its lower margins and growth potential. The analyst names Berry Global (BERY), Ball Corp. (BLL) and Crown Holdings his top Packaging picks for 2018. He sees the sector's earnings growth rebounding this year.
CG Carlyle Group
$24.35

0.4 (1.67%)

11/14/17
OPCO
11/14/17
NO CHANGE
Target $40
OPCO
Outperform
Envision buyout price could approach $50 per share, says Oppenheimer
After Bloomberg reported that private equity firms Carlyle Group (CG) and Onex have shown interest, Oppenheimer analyst Michael Wiederhorn says he believes a buyout offer for Envision Healthcare could approach $50 per share. The stock in afternoon trading is up 8% to $27.96. Such an offer is based on an 11 times 2018 EBITDA estimate, which is multiple similar to the one paid by Blackstone (BX) for Team Health in late 2016, Wiederhorn tells investors in a research note. The analyst believes Envision has a "strong growth business" and he recommends continuing to buy the shares at current levels. Wiederhorn has an Outperform rating on Envision with a $40 price target.
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.
01/30/18
MSCO
01/30/18
NO CHANGE
MSCO
Morgan Stanley says Ares may be first, Apollo may gain most from C-corp convert
Morgan Stanley analyst Michael Cyprys said he sees an opportunity for Alternative Asset Managers to unlock value by converting to C-corps, as shifting from a partnership structure could help alleviate some tax reporting complexities and expand the universe of eligible investors. He sees Ares Management (ARES) as possibly the first to convert and expects a potential announcement or indications of management's intentions about a conversion when the company reports earnings on February 15. While Ares may be first, Cyprys sees Apollo Global (APO) as potentially being able to unlock the most value from a conversion, with 26% near-term upside possible if the shares re-rate. He sees a less favorable conversion scenario for asset managers with lower taxes and/or greater exposure to performance fees, including KKR (KKR), Carlyle Group (CG) and Blackstone (BX), Cyprys tells investors.
12/04/17
MSCO
12/04/17
NO CHANGE
Target $28
MSCO
Overweight
Carlyle Group recent weakness a buying opportunity, says Morgan Stanley
Morgan Stanley analyst Michael Cyprys noted Carlyle Group shares have sold off by over 15% since the announcement of the company's management transition. However, he sees this pullback as a buying opportunity, as he has increased conviction in the company's ability to ramp up management fees in 2018 following a recent Bloomberg article that said its flagship North America buyout fund is approaching a cap of $18.5B, which tops the initial $15B target and would give the company $30B of global corporate private equity buying power when combined with Carlyle's Europe and Asia buyout funds. He maintains an Overweight rating and $28 price target on Carlyle shares.
SNAP Snap

02/07/18
MSCO
02/07/18
NO CHANGE
Target $11
MSCO
Underweight
Snap's 'next story' still uncertain, says Morgan Stanley
Morgan Stanley analyst Brian Nowak noted that Snap's Q4 results were better than expected, but he thinks the durability of the momentum into 2018 is less certain. The analyst, who still sees challenges and uncertainties as Snap works to turn its platform around, only increased his 2018 and 2019 revenue estimates by 3% each following the Q4 report. Nowak edged up his price target on Snap to $11 from $10 and keeps an Underweight rating on the stock, which has been upgraded by at least six other firms this morning.
02/07/18
LEHM
02/07/18
NO CHANGE
Target $21
LEHM
Overweight
Barclays gives Snap its first 'Gatorade shower,' ups price target to $21
Barclays analyst Ross Sandler raised his price target for Snap to $21 from $18 saying the company last night reported daily active users and revenue that were 4M and 13% above consensus. In a post-earnings research note titled "SNAP Takes Its First Gatorade Shower," Sandler adds that the tone of the conference call was upbeat. He reiterates his belief that the worst is behind Snap and thinks the stock can "grind higher" despite today's 21% rally. The stock in premarket trading is up $2.89 to $16.95. Ross keeps an Overweight rating on the name.
02/07/18
OPCO
02/07/18
NO CHANGE
Target $19
OPCO
Outperform
Snap price target raised to $19 from $14 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Snap to $19 from $14 after the company reported significantly better than expected Q4 revenue and user growth. The analyst reiterates an Outperform rating on the shares.
02/07/18
ADAM
02/07/18
NO CHANGE
Target $16
ADAM
Hold
Snap made progress on product redesign and user growth, says Canaccord
Canaccord analyst Michael Graham said Snap's Q4 results were generally solid, as the company made progress on product redesign and daily active user growth. They also made progress on its advertising platform, but the analyst said the key for 2018 will be to see its density build. Graham maintained his Hold rating and raised his price target to $16 from $12 on Snap shares.
DIS Disney

01/24/18
ARGS
01/24/18
NO CHANGE
ARGS
Hold
Netflix valuation 'significantly above peers', says Argus
Argus analyst Joseph Bonner keeps his Hold rating on Netflix while raising his FY18 EPS estimated to $2.73 from $2.01 after the company's latest earnings report. Bonner warns however that while Netflix subscription count is benefiting from a "secular growth of internet-delivered on-demand video", the company is also taking on more debt and burning through cash while attracting a host of competitors that include its own suppliers - Time Warner (TWX), Disney (DIS), and HBO - along with "deep-pocketed" rivals AT&T (T), Amazon (AMZN), Facebook (FB), and Google (GOOGL). The analyst adds that the valuation metrics on Netflix are also significantly higher than peers at a trailing EV/EBITDA multiple of 124-times - well above both the peer average of 29-times and Amazon's 50-times.
01/28/18
PIPR
01/28/18
NO CHANGE
PIPR
Growth of sports rights may be coming down, says Piper Jaffray
Piper Jaffray analyst Stan Meyers says he is starting to see some evidence that the growth of sports rights may be coming down toward a more reasonable rate. The analyst notes that only CBS (CBS), Fox (FOXA) and NBC (CMCSK; CMCSA) submitted bids for Thursday Night Football rights, with CBS and NBC submitting bids below their current rate of $450M per year, and Fox making a higher bid for the rights, in a likely effort to establish itself as a "live sports and news" network in the wake of selling a majority of assets to Disney (DIS). On the digital side, Facebook (FB) declined to make an offer for digital streaming rights to TNF, while Amazon (AMZN), which paid $50M this year, and Twitter (TWTR), which paid $10M last year did submit bids.
02/07/18
RILY
02/07/18
NO CHANGE
Target $125
RILY
Neutral
Disney price target raised to $125 from $122 at B. Riley FBR
B. Riley FBR analyst Barton Crockett raised his price target for Disney to $125 citing an improved mix shift to theme parks following last night's results. He believes this deserves a higher multiple but keeps a Neutral rating on Disney shares.
02/07/18
MSCO
02/07/18
NO CHANGE
Target $130
MSCO
Overweight
Disney risks stabilizing while OTT opportunity grows, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne noted that ESPN sub losses were stable to slightly better than the prior quarter for a second quarter in a row, while the emergence of Virtual Multichannel Video Programming Distributors and the benefit of renewals set the network up for improved results even before the benefit of the direct-to-consumer app. While the impact of lost third-party licensing as a result of a pivot to over-the-top won't be clear for a while, Swinburne thinks leaning towards OTT is likely the right strategic move, he added. He maintains an Overweight rating on Disney with a $130 price target.
TRNC tronc
$18.10

0.02 (0.11%)

02/05/18
02/05/18
DOWNGRADE

Hold
tronc downgraded to Hold on valuation at Noble Financial
As previously reported, Noble Financial analyst Michael Kupinski downgraded tronc to Hold from Buy on valuation after the stock advanced about 27% in 2017. While he thinks cost cutting initiatives are likely to continue, those efforts will be challenged by the LA Times unionization and if Canadian newsprint tariffs are implemented, Kupinski tells in investors. He also believes it is likely that the company will seek acquisitions to use some of the over $380M currently on its balance sheet.
01/17/18
SIDC
01/17/18
INITIATION
Target $25
SIDC
Buy
tronc initiated with a Buy at Sidoti
Sidoti initiated tronc with a Buy and $25 price target saying is making progress managing costs and improving content, to offset steady consumption declines in the newsprint industry.
02/05/18
NBLE
02/05/18
DOWNGRADE
NBLE
Hold
tronc downgraded to Hold from Buy at Noble Financial
HAS Hasbro
$93.93

2.6 (2.85%)

11/13/17
JEFF
11/13/17
NO CHANGE
JEFF
Jefferies views potential Hasbro, Mattel merger as possible
With highly different cultures and strategies, the possible merger between Hasbro (HAS) and Mattel (MAT) is less about financial accretion and more about risk/disruption, comparative uses of capital, and related returns, Jefferies analyst Stephanie Wissink tells investors in a research note. "Possible - yes; productive - less so," is how the analyst describes the possible tie-up. She believes the level of profit augmentation from a deal is heavily dependent on what kind of cost duplication actually exists and what levels of investment would be required to rebuild Mattel's sales model.
11/14/17
DADA
11/14/17
NO CHANGE
Target $124
DADA
Buy
Hasbro benefits from Mattel acquisition would be immense, says DA Davidson
DA Davidson analyst Linda Bolton Weiser says that if The Wall Street Journal speculation of a Mattel (MAT) takeover by Hasbro (HAS) comes to fruition, at $18 per share price point the Hasbro EPS accretion potential could be at $7.50-$8.50. Weiser adds the benefits of the combination would be immense, noting that her analysis does not even include the revenue synergies potential, as Hasbro may apply its content development capabilities to Mattel's brands. The analyst keeps her Buy rating and $124 price target on Hasbro.
12/20/17
RILY
12/20/17
INITIATION
Target $108
RILY
Buy
Hasbro initiated with a Buy at B. Riley FBR
B. Riley FBR analyst Susan Anderson started Hasbro with a Buy rating and $108 price target. The analyst views the recent pullback in the shares as a buying opportunity and thinks Star Wars could bring upside to Q4 expectations.
12/21/17
12/21/17
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. Anadarko (APC) assumed with an Overweight at Piper Jaffray. 2. Hasbro (HAS) was initiated with a Buy at B. Riley FBR while Mattel (MAT) was initiated with a Neutral. 3. bluebird bio (BLUE) initiated with a Perform at Oppenheimer. 4. Cree (CREE) initiated with a Neutral at Piper Jaffray. 5. Children's Place (PLCE) and Carter's (CRI) were initiated with a Hold at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
CDW CDW
$73.24

-0.57 (-0.77%)

07/24/17
LEHM
07/24/17
DOWNGRADE
Target $64
LEHM
Equal Weight
CDW downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Mark Moskowitz downgraded CDW to Equal Weight citing valuation and his belief that improving end markets could result in a "higher level of relative upside potential at OEMs, such as HP Inc. or Xerox." The analyst keeps a $64 price target for the shares.
09/18/17
NEED
09/18/17
INITIATION
NEED
Buy
CDW coverage resumed with a Buy at Needham
Needham analyst Sean Hannan resumed coverage of CDW with a $71 price target and a Buy rating. The analyst says that "the company's strong leadership, broad product offering, engaging go-to-market model and scale should continue to drive growth in the consolidating distribution and value-added reseller market." He says that the company is gaining share and "possesses the strongest corporate profile of our Distributor/VAR names under coverage." Hannan calls it "a core IT holding."
01/23/18
01/23/18
NO CHANGE

IT Hardware industry view double-upgraded to Attractive at Morgan Stanley
Morgan Stanley analyst Katy Huberty upgraded her IT Hardware industry view by two notches, to Attractive from Cautious, stating that she now forecasts 6.6% average revenue growth in 2018. This level of growth would be an acceleration from the past few years and tops the consensus view of 5.9%, noted Huberty. She points to a survey of 100 CIOs that indicates faster planned IT budget growth than three months ago, expectations for faster gross margin expansion, and the benefits of U.S. tax reform to support her view. She favors stocks with enterprise exposure that don't price in a growth acceleration, naming HP Enterprise (HPE) and IBM (IBM) as her top picks. In the same note, Huberty raised her FY18 gross margin view for Apple (AAPL) and increased her price target on the iPhone maker's shares to $205 from $200. This morning, Huberty upgraded HP Enterprise to Overweight and upgraded NetApp (NTAP) and Teradata (TDC), both to Equal Weight from Underweight. She also downgraded HP Inc. (HPQ) to Equal Weight, as previously reported.
10/13/17
RAJA
10/13/17
DOWNGRADE
RAJA
Underperform
CDW downgraded to Underperform from Market Perform at Raymond James
Raymond James analyst Adam Tindle downgraded CDW to Underperform following survey results that indicate industry growth is beginning to slow and vendor programs are becoming somewhat "irrational." Tindle said CDW's operating metrics are already at peak levels and improved returns are more dependent on revenue growth or margin expansion, both of which are incrementally challenged at this time.
HAIN Hain Celestial
$36.36

0.46 (1.28%)

11/10/17
LOOP
11/10/17
NO CHANGE
Target $38
LOOP
Hold
Hain Celestial price target lowered to $38 from $44 at Loop Capital
Loop Capital analyst Andrew Wolf lowered his price target for Hain Celestial Group to $38 citing uncertainty in the cost and timing of a turnaround at the company's U.S. segment. The analyst keeps a Hold rating on the shares.
12/22/17
LOOP
12/22/17
NO CHANGE
Target $38
LOOP
Hold
Hain unlikely to receive premium in a takeover, says Loop Capital
Following the acquisitions of Amplify Snack Brands (BETR) and Snyder's-Lance (LNCE), Loop Capital analyst Andrew Wolf revisited his outlook for Hain Celestial Group (HAIN) as an acquisition candidate. The analyst's sum-of-the-parts valuation range for the company remains at $42 to $56 per share, representing a premium range of 1% to 35% to the current share price. Hain, however, is not likely to receive much of a premium valuation in a takeout because its core domestic business is barely growing, in contrast to the companies that have been acquired, Wolf tells investors in a research note. He keeps a Hold rating on the stock with a $38 price target.
11/21/17
WELS
11/21/17
NO CHANGE
WELS
Nestle acquisition of Hain makes sense, says Wells Fargo
Wells Fargo analyst John Baumgartner believes a Nestle (NSRGY) acquisition of Hain Celestial (HAIN) would make sense. Bloomberg last night reported that Nestle is among the companies exploring a purchase of Hain. Nestle would likely be a good fit for Hain's baby food, skin care and tea businesses, Baumgartner told investors earlier in a research note. The analyst sees "tax leakage" as a headwind for any deal and keeps a Market Perform rating on Hain with a $38 price target.
12/19/17
MAXM
12/19/17
NO CHANGE
MAXM
Buy
Hain Celestial could be attractive target for CPG manufacturers, says Maxim
Maxim notes that it has observed consolidation in the consumer-packaged goods industry over the past three months, particularly in the area of healthy snacking. Seeing Hain Celestial as a leading producer of better-for-you snacks, the firm believes the company could be an attractive acquisition target for consumer-packaged goods manufacturers seeking to take advantage of the health and wellness trend within snack foods. Based on Maxim's analysis of comparable transactions, it thinks the starting point for a potential acquisition of Hain would be $55-$60 per share.
CMG Chipotle

02/07/18
BERN
02/07/18
NO CHANGE
Target $500
BERN
Outperform
Chipotle price target lowered to $500 from $564 at Bernstein
Bernstein analyst Sara Senatore lowered her price target for Chipotle to $500 from $564 as she lowers long-term margins to reflect stepped up investment. The analyst says that traffic holding steady despite a price increase is a "relief," and if Chipotle can avoid another safety scare, better executed advertising and growth in the 2nd make line should support topline. She reiterates an Outperform rating on the shares.
02/07/18
RBCM
02/07/18
NO CHANGE
Target $310
RBCM
Sector Perform
Chipotle price target lowered to $310 from $330 at RBC Capital
RBC Capital analyst David Palmer lowered his price target on Chipotle to $310 and kept his Sector Perform rating after the company's Q4 results. Palmer points to higher expenses and investments, while noting that the potential for earnings growth will depend on the company's "innovation to reignite traffic and improve the customer experience". The analyst also notes "lackluster" traffic momentum going into the new quarter given the Chipotle's estimate of 3.0%-3.5% comps growth in January as well as more difficult SSS in February-March due to weather comparisons.
02/07/18
MAXM
02/07/18
NO CHANGE
Target $410
MAXM
Buy
Chipotle price target lowered to $410 from $425 at Maxim
Maxim analyst Stephen Anderson lowered his price target on Chipotle to $410 after Q4 earnings, saying the 0.9% SSS were below his target of 1.5% while also pointing to increased restaurant level investments. The analyst keeps his Buy rating and also maintains his FY18 SSS view of 4%-5%, stating that Chipotle has comps drivers ahead.
02/07/18
FBCO
02/07/18
NO CHANGE
Target $275
FBCO
Neutral
Chipotle price target lowered to $275 from $330 at Credit Suisse
Credit Suisse analyst Jason West lowered his price target for Chipotle to $275 from $330 following quarterly results. The analyst believes shares seem likely to remain range-bound until the new CEO is hired and his/her strategic turnaround can be assessed by the market. The analyst reiterates a Neutral rating on the shares.

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20:25
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$23.88

0.63 (2.71%)

HUN

Huntsman

$33.32

-0.27 (-0.80%)

CNK

Cinemark

$39.72

0.1 (0.25%)

03/08/13
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    May

DOVA

Dova Pharmaceuticals

$32.78

-0.08 (-0.24%)

19:57
02/22/18
02/22
19:57
02/22/18
19:57
Syndicate
Dova Pharmaceuticals 2.5M share Secondary priced at $32.00 »

JPMorgan, Jefferies and…

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  • 21

    May

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    Feb

SPY

SPDR S&P 500 ETF Trust

$270.40

0.35 (0.13%)

, SPX

S&P 500

19:25
02/22/18
02/22
19:25
02/22/18
19:25
Periodicals
Breaking Periodicals news story on SPDR S&P 500 ETF Trust, S&P 500 »

Treasury Sec.: Trump…

SPY

SPDR S&P 500 ETF Trust

$270.40

0.35 (0.13%)

SPX

S&P 500

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OMAB

OMA Airports

$41.47

0.33 (0.80%)

19:10
02/22/18
02/22
19:10
02/22/18
19:10
Hot Stocks
OMA Airports reports Q4 passenger traffic up 1.8% »

Total terminal passenger…

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AIV

Aimco

$38.28

0.28 (0.74%)

19:05
02/22/18
02/22
19:05
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19:05
Hot Stocks
Aimco acquires Bent Tree apartment community for $160M »

Apartment Investment and…

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KDMN

Kadmon

$3.60

-0.16 (-4.26%)

18:49
02/22/18
02/22
18:49
02/22/18
18:49
Hot Stocks
Kadmon updates 'positive' results from Phase 2 study of KD025 in cGVHD »

Kadmon announced updated…

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ASR

Asur

$182.83

1.49 (0.82%)

18:47
02/22/18
02/22
18:47
02/22/18
18:47
Hot Stocks
Asur reports Q4 passenger traffic down 4% »

ASUR's total…

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USB

U.S. Bancorp

$54.27

-0.83 (-1.51%)

18:45
02/22/18
02/22
18:45
02/22/18
18:45
Periodicals
Judge criticizes U.S. Bancorp deal to sidestep prosecution, Bloomberg reports »

U.S. District Judge Lewis…

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KZIA

Kazia Therapeutics

$4.99

0.43 (9.43%)

18:36
02/22/18
02/22
18:36
02/22/18
18:36
Hot Stocks
Kazia granted orphan status for glioblastoma treatment »

The FDA granted Kazia…

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OBE

Obsidian Energy

$0.98

0.0183 (1.91%)

18:29
02/22/18
02/22
18:29
02/22/18
18:29
Hot Stocks
Obsidian Energy reports 126% reserve replacement of 2017 production »

Obsidian Energy said that…

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OBE

Obsidian Energy

$0.98

0.0183 (1.91%)

18:27
02/22/18
02/22
18:27
02/22/18
18:27
Hot Stocks
Obsidian Energy names Jay Thornton chairman of the board »

Obsidian Energy announced…

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SSRM

SSR Mining

$8.33

0.06 (0.73%)

18:27
02/22/18
02/22
18:27
02/22/18
18:27
Earnings
SSR Mining reports Q4 adjusted EPS 2c, consensus 7c »

Reports Q4 revenue…

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  • 23

    Feb

SSRM

SSR Mining

$8.33

0.06 (0.73%)

18:21
02/22/18
02/22
18:21
02/22/18
18:21
Hot Stocks
SSR Mining sees 2018 gold production 340K gold equivalent ounces »

SSR Mining expect to…

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  • 23

    Feb

IVC

Invacare

$17.97

-0.28 (-1.53%)

18:20
02/22/18
02/22
18:20
02/22/18
18:20
Hot Stocks
Invacare names Kathleen Leneghan as CFO, effective immediately »

Invacare announced the…

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  • 08

    Mar

SHCAY

Sharp

$8.21

-0.025 (-0.30%)

18:18
02/22/18
02/22
18:18
02/22/18
18:18
Periodicals
Sharp drops legal action against Hisense over TV brands, Nikkei reports »

Sharp has dropped legal…

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GM

General Motors

$40.91

0.35 (0.86%)

18:17
02/22/18
02/22
18:17
02/22/18
18:17
Periodicals
GM seeks South Korean aid to bolster local unit, Nikkei Asian Review reports »

General Motors is seeking…

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SJI

South Jersey Industries

$26.34

0.23 (0.88%)

18:14
02/22/18
02/22
18:14
02/22/18
18:14
Earnings
Breaking Earnings news story on South Jersey Industries »

South Jersey Industries…

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  • 23

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    Feb

TRTN

Triton International

$28.16

-0.4 (-1.40%)

18:13
02/22/18
02/22
18:13
02/22/18
18:13
Earnings
Triton International reports Q4 adjusted EPS 85c, consensus 80c »

Reports Q4 revenue…

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  • 23

    Feb

SJI

South Jersey Industries

$26.34

0.23 (0.88%)

18:13
02/22/18
02/22
18:13
02/22/18
18:13
Earnings
Breaking Earnings news story on South Jersey Industries »

South Jersey Industries…

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PAA

Plains All American

$20.97

-0.43 (-2.01%)

18:09
02/22/18
02/22
18:09
02/22/18
18:09
Hot Stocks
Plains All American's Cactus II pipeline fully committed »

Plains All American…

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  • 26

    Feb

  • 07

    Mar

STX

Seagate

$51.36

-0.08 (-0.16%)

18:03
02/22/18
02/22
18:03
02/22/18
18:03
Initiation
Seagate initiated at Stifel »

Seagate resumed with a…

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  • 26

    Feb

WDC

Western Digital

$85.53

-0.14 (-0.16%)

18:01
02/22/18
02/22
18:01
02/22/18
18:01
Initiation
Western Digital initiated at Stifel »

Western Digital resumed…

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HPQ

HP Inc.

$21.39

0.22 (1.04%)

17:56
02/22/18
02/22
17:56
02/22/18
17:56
Hot Stocks
Breaking Hot Stocks news story on HP Inc. »

HP Inc. sees higher…

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  • 22

    Feb

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    Feb

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