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ANET

Arista Networks

$284.54

11.99 (4.40%)

, CSCO

Cisco

$40.60

1.07 (2.71%)

08:00
02/13/18
02/13
08:00
02/13/18
08:00

Arista Networks price target raised to $310 from $234 at RBC Capital

RBC Capital analyst Mitch Steves raised his price target on Arista Networks (ANET) to $310, saying that the recent multiple expansion suggests that expectations are firming for a "notable beat and raise" on Q4 earnings. The analyst believes that operating margins will become a focal point for the company going forward, adding that the weakness in Juniper's (JNPR) quarter implies market share gains in the Data Center space. Steves also expects Arista competition with Cisco (CSCO) to tighten as the former takes up more market in Hyperscale while the latter protects is core enterprise business. The analyst keeps his Outperform rating on Arista Networks.

ANET

Arista Networks

$284.54

11.99 (4.40%)

CSCO

Cisco

$40.60

1.07 (2.71%)

JNPR

Juniper

$25.80

0.36 (1.42%)

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ANET Arista Networks
$284.54

11.99 (4.40%)

02/07/18
GSCO
02/07/18
INITIATION
Target $320
GSCO
Conviction Buy
Arista Networks initiated with a Conviction Buy at Goldman Sachs
Goldman analyst Rod Hall initiated Arista Networks with a Conviction Buy and $320 price target. Hall said Arista's premium valuation is supported by strong secular growth in the greater than100G data center switching market combined with execution. The analyst differs with consensus on R&D intensity forecasting 2018 R&D/Sales of 16.4% versus consensus of 18.2%. This note corrects our previous note that said shares were initiated with a Buy rating.
02/06/18
GSCO
02/06/18
INITIATION
Target $320
GSCO
Buy
Arista Networks initiated with a Buy at Goldman Sachs
Goldman analyst Rod Hall initiated Arista Networks with a Buy and $320 price target. Hall said Arista's premium valuation is supported by strong secular growth in the greater than100G data center switching market combined with execution. The analyst differs with consensus on R&D intensity forecasting 2018 R&D/Sales of 16.4% versus consensus of 18.2%
01/29/18
LOOP
01/29/18
INITIATION
Target $250
LOOP
Hold
Arista Networks initiated with a Hold at Loop Capital
Loop Capital analyst James Kisner started Arista Networks with a Hold rating and $250 price target, citing the stock's valuation as well as the company's "volatile" end market demand and potentially disruptive litigation.
01/23/18
MSCO
01/23/18
NO CHANGE
Target $310
MSCO
Overweight
Arista Networks price target raised to $310 from $260 at Morgan Stanley
Morgan Stanley analyst James Faucette noted that his checks indicate that Arista Networks continues to exceed reseller expectations, with some reporting growth in the December quarter as high as 30%. Resellers are also raising expectations for enterprise spending in 2018, citing higher budgets and optimism over the tax bill, while hears that Arista is gaining share outside of its domain verticals, Faucette tells investors. He raised his Arista estimates, increased his price target on the stock to $310 and keeps an Overweight rating on the stock.
CSCO Cisco
$40.60

1.07 (2.71%)

02/12/18
02/12/18
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. Nasdaq (NDAQ) upgraded to Outperform from Market Perform at Wells Fargo by analyst Christopher Harris, who said the company is at an inflection point where both its trading and non-trading segments will begin to generate faster growth. He sees a "pathway to much higher profit margin" over the next two years and believes the stock is "relatively inexpensive" at a discount to the S&P 500 Index. 2. Teva (TEVA) upgraded to Outperform from Neutral at Credit Suisse by analyst Vamil Divan. The analyst sees "early execution" towards the company's restructuring plan and believes its 2018 outlook is achievable. He feels expectations are now reasonable believes the upside path is now clearer. 3. Cisco Systems (CSCO) upgraded to Buy from Neutral at Nomura Instinet by analyst Jeffrey Kvaal to reflect the webscale uptick and believes tax reform and the company's recurring revenue transition provide downside protection. Kvaal believes the recent pullback in Cisco shares provides a buying opportunity. 4. Tallgrass Energy Partners (TEP) upgraded to Overweight from Equal Weight at Barclays by analyst Christine Cho, who lowered her price target to $43 from $50. The analyst said her analysis suggests a Tallgrass Energy GP (TEGP) acquisition of Tallgrass Energy Partners is the most likely scenario. She valued Tallgrass Energy Partner at $43 in this scenario. 5. VF Corp (VFC) upgraded to Buy from hold at Stifel by analyst Jim Duffy, who sees fiscal 2019 consensus estimates rising throughout the year due to fundamental strength, environmental factors, and currency. Duffy believes VF shares can sustain the premium multiple for the "foreseeable future." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/12/18
RBCM
02/12/18
NO CHANGE
Target $44
RBCM
Outperform
Cisco price target raised to $44 from $40 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Cisco to $44 and kept his Outperform rating ahead of earnings, saying the company's revenue growth and margin story likely remains intact thanks to "Switching growth and new products". Steves also points to the positive benefits of the U.S. tax reform on repatriation and a tax rate decrease.
02/12/18
COWN
02/12/18
NO CHANGE
Target $42
COWN
Outperform
Cisco risk/reward remains attractive, says Cowen
Cowen analyst Paul Silverstein expects Cisco to report solid Q2 results, which he thinks should mark the start of a solid positive long-term growth trend. He said the strong dividend and free cash flow yields, stable margins, and a solid pick-up in growth make the risk/reward for Cisco attractive. Silverstein reiterated his Outperform rating and $42 price target on Cisco shares.
02/13/18
SBSH
02/13/18
NO CHANGE
Target $46
SBSH
Buy
Cisco price target raised to $46 from $40 at Citi
Citi analyst Jim Suva raised his price target for Cisco Systems (CSCO) to $46 saying benefits from tax reform and a large share repurchase program should drive longer-term earnings. The analyst, however, lowered his revenue estimate for the January quarter to reflect the recent results from Presidio (PSDO), which has 67% of its sales from Cisco products, as well as weakness in federal spending due to uncertain funding. Suva keeps a Buy rating on Cisco into the January quarter results.
JNPR Juniper
$25.80

0.36 (1.42%)

02/06/18
GSCO
02/06/18
INITIATION
Target $26
GSCO
Neutral
Juniper initiated with a Neutral at Goldman Sachs
Goldman analyst Rod Hall initiated Juniper with a Neutral and $26 price target. Hall said routing revenue declines are accelerating as key customers undergo product transition and data center switching gains appear limited.
01/29/18
LOOP
01/29/18
INITIATION
Target $30
LOOP
Hold
Juniper initiated with a Hold at Loop Capital
Loop Capital analyst James Kisner started Juniper Networks with a Hold rating and $30 price target. The analyst views the stock's valuation as attractive but says "weak" growth prospects in routing as well as competitive risks in switching and security keep him on the sidelines for now.
01/31/18
LOOP
01/31/18
NO CHANGE
Target $26
LOOP
Hold
Juniper price target lowered to $26 from $30 at Loop Capital
Loop Capital analyst James Kisner lowered his price target on Juniper to $26 after Q4 results that showed Routing business "much weaker than expected" and a "very disappointing" gross margin guidance. The analyst points to "on-going architectural transition at several major hyperscale customers that led to the negative Q3 pre-announcement", but also notes some signs of recovery in the company's Security business. Kisner keeps his Neutral rating on the stock, awaiting "greater confidence Juniper can exceed investor expectations".
01/31/18
STFL
01/31/18
NO CHANGE
Target $27
STFL
Hold
Juniper market challenges persisting, says Stifel
Stifel analyst Patrick Newton attributes Juniper's lower than expected Q1 outlook to continued pressure in its routing business and cloud end market. Although he thinks current headwinds will be largely transitory, he sees structural pressure on the router market and notes Juniper is underexposed to the cloud, the area driving growth. Newton keeps a Hold rating on Juniper shares and trimmed his price target on the stock to $27 from $28.

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TECK

Teck Resources

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CMG

Chipotle

$305.63

18.98 (6.62%)

22:13
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CMG

Chipotle

$305.63

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H

Hyatt

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FLS

Flowserve

$44.05

1.18 (2.75%)

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Flowserve

$44.05

1.18 (2.75%)

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ANAB

AnaptysBio

$126.45

6.59 (5.50%)

, SNY

Sanofi

$39.91

0.19 (0.48%)

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Regeneron

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Snap

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GE

General Electric

$15.05

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DIS

Disney

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GOOG

Alphabet

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GOOGL

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$1,095.50

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LRCX

Lam Research

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2.2 (1.18%)

C

Citi

$76.82

-0.26 (-0.34%)

CMI

Cummins

$165.60

0.58 (0.35%)

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

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CSCO

Cisco

$44.33

0.25 (0.57%)

ABBV

AbbVie

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PEP

PepsiCo

$111.06

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MMM

3M

$236.67

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BMY

Bristol-Myers

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UTX

United Technologies

$129.26

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TXN

Texas Instruments

$104.47

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Abbott

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Hovnanian

$2.24

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Cubic

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HCLP

Hi-Crush Partners

$12.40

0.25 (2.06%)

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HCLP

Hi-Crush Partners

$12.40

0.25 (2.06%)

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FSS

Federal Signal

$19.40

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BCE

BCE

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PRGX

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CRMT

America's Car-Mart

$46.25

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TAX

Liberty Tax

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Liberty Tax

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Liberty Tax

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HLX

Helix Energy

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  • 20

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EMES

Emerge Energy

$7.77

0.12 (1.57%)

, CNI

Canadian National

$76.18

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Canadian National

$76.18

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