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PNW

Pinnacle West

$76.73

0.44 (0.58%)

07:20
02/13/18
02/13
07:20
02/13/18
07:20

Pinnacle West upgraded to Equal Weight after underperformance at Morgan Stanley

As previously reported, Morgan Stanley analyst Stephen Byrd upgraded Pinnacle West to Equal Weight from Underweight following this year's underperformance, which he notes has left the stock trading at a 5% discount to peers. Several overhangs on Pinnacle West have moderated, while the regulatory risk is low over the next 1-2 years, said Byrd, who raised hid price target on the stock to $85 from $79.

  • 23

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    Feb

PNW Pinnacle West
$76.73

0.44 (0.58%)

01/03/18
BOFA
01/03/18
DOWNGRADE
Target $84
BOFA
Underperform
Pinnacle West downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith downgraded Pinnacle West to Underperform from Neutral and lowered its price target to $84 from $89. The analyst said valuation is priced at the "pinnacle" and sees risks that a -$1.3B capex budget still results in earnings closer to -5% on a net basis, and potential downside to Street estimates of between 5c-10c.
01/03/18
01/03/18
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. Harley-Davidson (HOG) downgraded to Underperform from Neutral at Longbow with analyst David MacGregor saying channel checks in the fourth quarter revealed that Harley's U.S. retail sales are trending down 5%-7% with U.S. shipments expected to be down at least 20%. 2. TJX (TJX) downgraded to Market Perform from Outperform at Wells Fargo with analyst Ike Boruchow saying Marmaxx has simply become too big to generate share gains similar to years past. 3. Honeywell (HON) downgraded to Sector Perform from Outperform at RBC Capital with analyst Deane Dray saying the stock is likely to "take a breather" this year after a solid run in 2017, adding that despite the potential margin upside, the positive catalysts of "Turbo/Homes spin announcements and CEO transition" have played out. 4. Pinnacle West (PNW) downgraded to Underperform from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith saying valuation is priced at the "pinnacle" and sees risks that a -$1.3B CapEx budget still results in earnings closer to -5% on a net basis, and potential downside to Street estimates of between 5c-10c. 5. Charles Schwab (SCHW) downgraded to Market Perform from Outperform at JMP Securities with analyst Devin Ryan saying he now views its valuation as more adequately reflecting the current risk and reward following the stock's recent outperformance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/02/18
UBSW
02/02/18
INITIATION
Target $81
UBSW
Neutral
Pinnacle West initiated with a Neutral at UBS
UBS analyst Daniel Ford started Pinnacle West Capital with a Neutral rating and $81 price target.
02/13/18
MSCO
02/13/18
UPGRADE
MSCO
Equal Weight
Pinnacle West upgraded to Equal Weight from Underweight at Morgan Stanley

TODAY'S FREE FLY STORIES

MRVL

Marvell

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-0.06 (-0.26%)

, CAVM

Cavium

$87.16

-0.09 (-0.10%)

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MRVL

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CAVM

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$22.68

-0.06 (-0.26%)

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DEL

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$98.45

1.77 (1.83%)

, PCH

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$54.75

0.75 (1.39%)

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PCH

Potlatch

$54.75

0.75 (1.39%)

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Deltic Timber

$98.45

1.77 (1.83%)

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SNAP

Snap

$20.42

0.67 (3.39%)

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GLPG

Galapagos NV

$115.33

-1.4 (-1.20%)

, MPSYY

MorphoSys

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MPSYY

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1.29 (2.87%)

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LMT

Lockheed Martin

$360.53

-0.47 (-0.13%)

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UAA

Under Armour; also tag UA

$17.36

-1.05 (-5.70%)

, UA

Under Armour; also tag UAA

$15.78

-0.76 (-4.59%)

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Bears, bulls battle over Under Armour, Barron's says »

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UAA

Under Armour; also tag UA

$17.36

-1.05 (-5.70%)

UA

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HOV

Hovnanian

$2.24

0.12 (5.66%)

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JPM

JPMorgan

$114.68

-0.83 (-0.72%)

, JNJ

Johnson & Johnson

$133.15

1.92 (1.46%)

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JPM

JPMorgan

$114.68

-0.83 (-0.72%)

JNJ

Johnson & Johnson

$133.15

1.92 (1.46%)

WMT

Walmart

$104.78

1.55 (1.50%)

PFE

Pfizer

$36.26

0.55 (1.54%)

CSCO

Cisco

$44.33

0.25 (0.57%)

ABBV

AbbVie

$118.60

3.7 (3.22%)

PEP

PepsiCo

$111.06

0.09 (0.08%)

MMM

3M

$236.67

1.8 (0.77%)

BMY

Bristol-Myers

$68.96

-0.02 (-0.03%)

UTX

United Technologies

$129.26

-0.74 (-0.57%)

TXN

Texas Instruments

$104.47

-0.1 (-0.10%)

ABT

Abbott

$60.17

0.67 (1.13%)

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GOOGL

Alphabet Class A

$1,095.50

4.14 (0.38%)

, GOOG

Alphabet

$1,094.80

5.28 (0.48%)

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$1,095.50

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$1,094.80

5.28 (0.48%)

C

Citi

$76.82

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CMI

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$165.60

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LRCX

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2.2 (1.18%)

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GE

General Electric

$15.05

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JEC

Jacobs Engineering

$63.19

-0.52 (-0.82%)

, VMC

Vulcan Materials

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-6.9 (-5.17%)

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JEC

Jacobs Engineering

$63.19

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VMC

Vulcan Materials

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-6.9 (-5.17%)

PWR

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EXP

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$102.75

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FLR

Fluor

$57.63

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USCR

U.S. Concrete

$78.00

-1.4 (-1.76%)

ACM

Aecom

$35.36

0.08 (0.23%)

CBI

CB&I

$18.71

0.04 (0.21%)

GVA

Granite Construction

$60.36

2.69 (4.66%)

CAT

Caterpillar

$156.29

-3.69 (-2.31%)

MLM

Martin Marietta

$216.25

-6.34 (-2.85%)

V

Visa

$121.85

-0.43 (-0.35%)

AA

Alcoa

$47.36

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ARNC

Arconic

$25.36

0.14 (0.56%)

CENX

Century Aluminum

$24.12

1.85 (8.31%)

X

U.S. Steel

$44.75

5.76 (14.77%)

STLD

Steel Dynamics

$49.40

2.26 (4.79%)

AKS

AK Steel

$5.96

0.72 (13.74%)

CLF

Cleveland-Cliffs

$7.92

0.55 (7.46%)

NUE

Nucor

$68.54

2.96 (4.51%)

MT

ArcelorMittal

$36.48

1.19 (3.37%)

TKR

Timken

$45.00

-0.08 (-0.18%)

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04:55
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Cambridge Healthtech Institute to hold a conference »

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ACRS

Aclaris Therapeutics

$20.13

-0.09 (-0.45%)

, ABBV

AbbVie

$118.60

3.7 (3.22%)

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ACRS

Aclaris Therapeutics

$20.13

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ABBV

AbbVie

$118.60

3.7 (3.22%)

AGN

Allergan

$164.04

-0.43 (-0.26%)

ALIOF

Actelion

ARDX

Ardelyx

$5.80

-0.2 (-3.33%)

BVX

Bovie Medical

$2.50

0.1 (4.17%)

CELG

Celgene

$95.26

-0.88 (-0.92%)

CUTR

Cutera

$48.40

-2.1 (-4.16%)

HSIC

Henry Schein

$69.52

1.14 (1.67%)

JNJ

Johnson & Johnson

$133.15

1.92 (1.46%)

LLY

Eli Lilly

$78.97

0.95 (1.22%)

LMNS

Lumenis

MYGN

Myriad Genetics

$32.81

-0.57 (-1.71%)

MYL

Mylan

$42.14

0.49 (1.18%)

NVS

Novartis

$86.91

0.23 (0.27%)

PFE

Pfizer

$36.26

0.55 (1.54%)

PG

Procter & Gamble

$82.60

0.19 (0.23%)

PRGO

Perrigo

$89.55

-0.1 (-0.11%)

REGN

Regeneron

$332.15

-1.03 (-0.31%)

SNY

Sanofi

$39.91

0.19 (0.48%)

UL

Unilever; also tag UN

$53.55

-0.22 (-0.41%)

UN

Unilever; also tag UL

$54.59

-0.15 (-0.27%)

WTKWY

Wolters Kluwer

$49.37

-0.27 (-0.54%)

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    Nov

MIDD

Middleby

$135.00

1.94 (1.46%)

18:01
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Middleby acquires Hinds-Bock Corporation, terms not disclosed »

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T

AT&T

$37.14

0.14 (0.38%)

, TWX

Time Warner

$95.37

0.38 (0.40%)

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Breaking Periodicals news story on AT&T, Time Warner »

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T

AT&T

$37.14

0.14 (0.38%)

TWX

Time Warner

$95.37

0.38 (0.40%)

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CARS

Cars.com

$29.27

0.33 (1.14%)

17:31
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Breaking Hot Stocks news story on Cars.com »

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ONTX

Onconova

$1.07

0.01 (0.94%)

17:29
02/16/18
02/16
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17:29
Hot Stocks
683 Capital reports 21.8% stake in Onconova, says shares undervalued »

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GD

General Dynamics

$224.19

-1.21 (-0.54%)

17:26
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02/16
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17:26
Hot Stocks
General Dynamics awarded $148.9M government contract modification »

General Dynamics Land…

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ATRS

Antares Pharma

$2.39

0.04 (1.70%)

17:25
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17:25
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Breaking Hot Stocks news story on Antares Pharma »

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HII

Huntington Ingalls

$265.70

10.31 (4.04%)

17:25
02/16/18
02/16
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17:25
Hot Stocks
Huntington Ingalls awarded $1.43B government contract modification »

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  • 21

    Feb

DIT

AMCON Distributing

$87.50

0.13 (0.15%)

17:24
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02/16
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17:24
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Breaking Hot Stocks news story on AMCON Distributing »

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GM

General Motors

$41.09

-0.76 (-1.82%)

, TSLA

Tesla

$335.49

1.425 (0.43%)

17:11
02/16/18
02/16
17:11
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17:11
Periodicals
Chevy Bolt sales bolstered by Tesla delays, tax credit worries, Reuters says »

Certain potential buyers…

GM

General Motors

$41.09

-0.76 (-1.82%)

TSLA

Tesla

$335.49

1.425 (0.43%)

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  • 26

    Feb

AGN

Allergan

$164.04

-0.43 (-0.26%)

17:11
02/16/18
02/16
17:11
02/16/18
17:11
Syndicate
Breaking Syndicate news story on Allergan »

Allergan files automatic…

03/08/13
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