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XL

XL Group

$39.00

1.655 (4.43%)

, AZSEY

Allianz

$24.09

0.22 (0.92%)

15:33
02/07/18
02/07
15:33
02/07/18
15:33

XL Group said to draw interest from insurers such as Allianz, Bloomberg says

XL

XL Group

$39.00

1.655 (4.43%)

AZSEY

Allianz

$24.09

0.22 (0.92%)

XL XL Group
$39.00

1.655 (4.43%)

09/11/17
JPMS
09/11/17
NO CHANGE
JPMS
Irma losses could be lower than expected, says JPMorgan
JPMorgan analyst Sarah DeWitt believes losses from Hurricane Irma could be at the lower end of the $20B-$60B expected range since the storm weakened faster than expected. The analyst estimates the impact to book values for the companies she covers should be a "manageable" 1%-2%. Among the property casualty insurers, the analyst views Validus (VR), Everest Re (RE) and XL Group (XL) as the most oversold. She lists those three along with RenaissanceRe (RNR), Travelers (TRV), Arch Capital (ACGL), Chubb (CB), Allstate (ALL) and Progressive (PGR) as the P&C insurers with the most exposure to U.S. hurricanes.
09/11/17
BUCK
09/11/17
INITIATION
Target $42
BUCK
Neutral
XL Group initiated with a Neutral at Buckingham
Buckingham analyst Amit Kumar initiated XL Group with a Neutral and a $42 price target.
10/13/17
DBAB
10/13/17
DOWNGRADE
Target $37
DBAB
Sell
XL Group downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank analyst Joshua Shanker downgraded XL Group to Sell and cut his price target for the shares to $37 from $42. The company may be underestimating the impact of the Q3 catastrophes, which creates downside risk to consensus estimates, Shanker tells investors in a research note. He believes XL needs to rethink its risk management.
10/13/17
10/13/17
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. Ford (F) downgraded to Equal Weight from Overweight at Barclays with analyst Brian Johnson saying the company is starting "substantially behind" General Motors (GM) in current North America margins, and behind both GM and Tesla (TSLA) in its positioning for the "megatrends and disruptive mobility." 2. HP Enterprise (HPE) downgraded to Neutral from Buy at Citi with analyst Jim Suva saying fundamentals in the company's core enterprise group remain challenging, and accelerated restructuring payments will pressure core fee cash flow in fiscal year 2018. 3. XL Group (XL) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying the company may be underestimating the impact of third quarter catastrophes, which creates downside risk to consensus estimates. 4. HubSpot (HUBS) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brent Bracelin saying the risk/reward looks balanced with the shares up 82% year-to-date. 5. Hostess Brands (TWNK) downgraded to Sell from Neutral at UBS with analyst Steven Strycula saying slowing category trends, market share loss in its Sweet Baked Goods unit and recent management turnover create an unfavorable setup. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AZSEY Allianz
$24.09

0.22 (0.92%)

02/22/17
BREN
02/22/17
INITIATION
BREN
Hold
Allianz initiated with a Hold at Berenberg
Price target EUR 175.
11/13/17
SBSH
11/13/17
DOWNGRADE
SBSH
Neutral
Allianz downgraded to Neutral from Buy at Citi
Citi analyst James Shuck downgraded Allianz to Neutral saying upside from here looks more challenging following the recent rally in the shares. The analyst keeps a EUR 205.70 price target for the stock.
12/11/17
LEHM
12/11/17
UPGRADE
LEHM
Equal Weight
Allianz upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Claudia Gaspari upgraded Allianz to Equal Weight with a price target of EUR 204.

TODAY'S FREE FLY STORIES

CNI

Canadian National

$79.75

-1.06 (-1.31%)

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Canadian National investing $10M in Nova Scotia rail infrastructure in 2018 »

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AMRX

Amneal Pharmaceuticals

$17.02

-1.18 (-6.48%)

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CDNA

CareDx

$14.60

-0.145 (-0.98%)

, NTRA

Natera

$14.07

-0.55 (-3.76%)

05:09
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05:09
Recommendations
CareDx, Natera analyst commentary  »

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CDNA

CareDx

$14.60

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NTRA

Natera

$14.07

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NTRA

Natera

$14.07

-0.55 (-3.76%)

05:07
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Hot Stocks
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ABMD

Abiomed

$438.06

-8.23 (-1.84%)

05:00
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05:00
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Abiomed analyst commentary  »

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ECL

Ecolab

$141.52

-2.14 (-1.49%)

04:57
06/22/18
06/22
04:57
06/22/18
04:57
Downgrade
Ecolab rating change  »

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04:55
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General news
PMI Composite Flash â€' Level to be reported at 09:45 »

June PMI Composite Flash…

QGEN

Qiagen

$36.20

-0.23 (-0.63%)

04:55
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06/22
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04:55
Conference/Events
Qiagen participates in a conference call with William Blair »

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  • 22

    Jun

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General news
PMI Composite Flash Manufacturing â€' Level to be reported at 09:45 »

June PMI Composite Flash…

AOBC

American Outdoor Brands

$12.80

-0.42 (-3.18%)

04:55
06/22/18
06/22
04:55
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04:55
Conference/Events
American Outdoor Brands management to meet with Wedbush »

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  • 22

    Jun

NGVT

Ingevity

$82.89

-0.12 (-0.14%)

04:55
06/22/18
06/22
04:55
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04:55
Conference/Events
Ingevity management to meet with Loop Capital »

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  • 22

    Jun

SBUX

Starbucks

$50.62

-1.6 (-3.06%)

04:55
06/22/18
06/22
04:55
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04:55
Conference/Events
Starbucks management to meet with Wedbush »

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  • 22

    Jun

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    Jul

AMGN

Amgen

$186.00

-0.51 (-0.27%)

, ARRY

Array BioPharma

$19.56

-0.43 (-2.15%)

04:55
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Conference/Events
European Society for Medical Oncology (ESMO) to hold a conference »

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AMGN

Amgen

$186.00

-0.51 (-0.27%)

ARRY

Array BioPharma

$19.56

-0.43 (-2.15%)

BAYRY

Bayer

$0.00

(0.00%)

HALO

Halozyme

$18.59

-0.88 (-4.52%)

INCY

Incyte

$72.47

-0.97 (-1.32%)

LLY

Eli Lilly

$86.07

-0.17 (-0.20%)

MRK

Merck

$61.17

-0.125 (-0.20%)

SHPG

Shire

$162.43

1.81 (1.13%)

RHHBY

Roche

$0.00

(0.00%)

SNY

Sanofi

$39.02

-0.38 (-0.96%)

03/08/13
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  • 22

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  • 28

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  • 22

    Mar

TAC

TransAlta

$4.95

(0.00%)

04:55
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04:55
Conference/Events
TransAlta management to meet with RBC Capital »

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  • 22

    Jun

NUVA

NuVasive

$55.48

-1.18 (-2.08%)

04:55
06/22/18
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Conference/Events
NuVasive has a conference call hosted by JPMorgan »

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  • 22

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HUBG

Hub Group

$53.05

-0.8 (-1.49%)

04:55
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Conference/Events
Hub Group management to meet with Loop Capital »

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  • 22

    Jun

PVAC

Penn Virginia

$79.38

-1.7 (-2.10%)

, ALOG

Analogic

$83.98

0.025 (0.03%)

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Penn Virginia to replace Analogic in S&P 600 at open on June 22 »

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PVAC

Penn Virginia

$79.38

-1.7 (-2.10%)

ALOG

Analogic

$83.98

0.025 (0.03%)

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FLR

Fluor

$48.68

-1.035 (-2.08%)

04:55
06/22/18
06/22
04:55
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04:55
Conference/Events
Fluor management to meet with MKM Partners »

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  • 22

    Jun

04:55
06/22/18
06/22
04:55
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Conference/Events
Macquarie to hold a summit »

Emerging Industries…

INST

Instructure

$45.00

-1.675 (-3.59%)

04:55
06/22/18
06/22
04:55
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04:55
Conference/Events
Instructure management to meet with Needham »

Meeting to be held in San…

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03/06/13
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  • 22

    Jun

  • 26

    Jun

RLH

Red Lion Hotels

$11.70

-0.15 (-1.27%)

04:55
06/22/18
06/22
04:55
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04:55
Conference/Events
Red Lion Hotels management to meet with Craig Hallum »

Meeting to be held in…

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  • 22

    Jun

04:55
06/22/18
06/22
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04:55
Conference/Events
Stephens food/agribusiness analyst to hold an analyst/industry conference call »

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NUVA

NuVasive

$55.48

-1.18 (-2.08%)

04:55
06/22/18
06/22
04:55
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04:55
Conference/Events
NuVasive management to meet with Piper Jaffray »

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  • 22

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IRTC

iRhythm

$79.00

-1.67 (-2.07%)

04:55
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06/22
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04:55
Conference/Events
iRhythm management to meet with JPMorgan »

Meeting to be held in…

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  • 22

    Jun

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