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ALK

Alaska Air

$66.76

-0.13 (-0.19%)

07:52
02/15/18
02/15
07:52
02/15/18
07:52

Alaska Air downgraded to Neutral from Buy at UBS

UBS analyst Darryl Genovesi downgraded Alaska Air to Neutral from Buy as he believes consensus estimates are too high and in particular reflect too rosy a RASM view given progressively more intense competition in its network. Genovesi lowered his price target to $70 from $77 on Alaska Air shares.

ALK Alaska Air
$66.76

-0.13 (-0.19%)

01/30/18
01/30/18
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. AbbVie (ABBV) downgraded to Underperform from Market Perform by analyst Alex Arfaei, who said the risk/reward has "meaningfully changed" after the rise in the stock price, adding that the new focus on fundamentals beyond the benefits of tax reform suggests "significant price erosion in immunology driven by interchangeable biosimilar anti-TNFs, and lower effectiveness of the 'Rebate Trap' to block access to cheap biosimilars". 2. iRobot (IRBT) downgraded to Neutral from Buy at Sidoti by analyst Frank Camma, who cited valuation as shares approach his $98 price target. 3. Horizon Global (HZN) downgraded to Market Perform from Outperform at BMO Capital by analyst Gerrick Johnson, who said that while he still sees "strong demand in key end markets," operation execution, rising input costs, and high debt levels are concerning. The analyst added that the company may have "lost the faith of investors" after a 30% drop in the stock price following the guidance cut. 4. Yum! Brands (YUM) downgraded to Neutral from Buy at Nomura Instinet by analyst Mark Kalinowshi, who cited valuation and concerns a possible 2018 slowdown in U.S. same-store-sales. 5. Alaska Air (ALK) downgraded to Underweight from Neutral at JPMorgan by analyst Jamie Baker, who noted that the airline is the only name where he had to cut his 2019 estimates. He also believes the company "remains in the United crosshairs in San Francisco." The analyst also downgraded Southwest (LUV) to Neutral from Overweight, and said he believes better relative value exists elsewhere in the Airlines sector. 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
JPMS
01/30/18
DOWNGRADE
Target $67
JPMS
Underweight
Alaska Air downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Jamie Baker downgraded Alaska Air Group (ALK) to Underweight and lowered his price target for the shares to $67 from $74. The analyst notes that Alaska Air is the only name where he had to cut his 2019 estimates. He also believes the company "remains in the United crosshairs in San Francisco." Alaska is also slightly more expensive than JetBlue on 2019 earnings, Baker tells investors in a research note. The analyst this morning also Southwest (LUV) to Neutral and upgraded both JetBlue (JBLU) and United Continental (UAL) to Overweight.
01/26/18
COWN
01/26/18
NO CHANGE
COWN
Airline sector weakness a buying opportunity, says Cowen
Cowen analyst Helane Becker noted airline stocks came under pressure as investors grew concerned about capacity growth by United Continental (UAL) and fears it would destroy the fare structure. The analyst noted the capacity growth is in small markets where they might make a difference but that RASM is up year-over-year. Becker would be a buyer of Alaska Air (ALK), Delta Air (DAL), American Airlines (AAL) and Southwest Air (LUV) on the pullback, but would avoid United Continental shares.
01/10/18
01/10/18
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. Hershey (HSY) downgraded to Underweight from Equal Weight by Morgan Stanley analyst Matthew Grainger, who said Hershey shares have meaningfully outperformed peers over the last twelve months, giving the stock a valuation premium well above its historical norm, though he does not believe that valuation gap can be maintained given the company's need for increased reinvestment paired with slowing category growth and share weakness. 2. Barclays (BCS) and Lloyds Banking (LYG) downgraded to Equal Weight from Overweight at Morgan Stanley by analyst Alvaro Serrano, who said that while he is more optimistic on its margin outlook than consensus he sees the stock having less room for a re-rating than peers given its current valuation. 3. IMAX (IMAX) downgraded to Neutral from Overweight at Piper Jaffray by analyst Stan Meyers, who sees the stock being pressured by another wave of major estimate revisions for Q4 and 2018, continued loss of casual fans and an oversaturated market in China. The analyst lowered his 2018 box office expectations from growth of 18% to growth of 3%. 4. Alaska Air (ALK) downgraded to Equal Weight from Overweight at Barclays by analyst Joseph Wolf, who believes the company needs "close to flawless" execution as a minimum requirement for the shares to perform. He sees relatively high risk in the stock. 5. Big Lots (BIG) downgraded to Perform from Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

XLE

Energy Select Sector SPDR

$59.53

-1.4 (-2.30%)

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C

Citi

$53.87

-0.35 (-0.65%)

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Citi may take nearly $180M loss on loans to Asian hedge fund, Bloomberg says »

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  • 14

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IGT

International Game

$16.17

0.57 (3.65%)

15:45
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International Game call volume above normal and directionally bullish »

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AXGN

AxoGen

$20.38

-7.15 (-25.97%)

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FOX

21st Century Fox

$48.43

-0.35 (-0.72%)

, FOXA

21st Century Fox

$48.74

-0.26 (-0.53%)

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Advertisers pull out of Tucker Carlson's show after immigrant remarks, AP says »

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FOX

21st Century Fox

$48.43

-0.35 (-0.72%)

FOXA

21st Century Fox

$48.74

-0.26 (-0.53%)

03/08/13
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UBER

Uber

$0.00

(0.00%)

15:42
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Uber asks for Chinese tariff exclusion amid e-bike ramp, Bloomberg says »

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CVS

CVS Health

$68.88

-1.79 (-2.53%)

, AET

Aetna

$0.00

(0.00%)

15:36
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15:36
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Periodicals
Judge defers ruling on keeping CVS, Aetna separate, Bloomberg reports »

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CVS

CVS Health

$68.88

-1.79 (-2.53%)

AET

Aetna

$0.00

(0.00%)

03/08/13
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  • 07

    Jan

SCS

Steelcase

$14.21

0.04 (0.28%)

15:34
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15:34
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15:34
Options
Steelcase options imply 15.8% move in share price post-earnings, above median historical move »

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  • 19

    Dec

GD

General Dynamics

$162.31

-1.12 (-0.69%)

15:32
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12/18
15:32
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General Dynamics announces awarded of $335M U.S. Army contract »

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  • 19

    Dec

15:30
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12/18
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General news
Treasury Closing Summary: »

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BIIB

Biogen

$291.73

-21.49 (-6.86%)

, MYL

Mylan

$28.72

-0.13 (-0.45%)

15:29
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On The Fly
Street Fight: Analysts differ on Biogen as Tecfidera concerns send shares lower »

Shares of Biogen (BIIB)…

BIIB

Biogen

$291.73

-21.49 (-6.86%)

MYL

Mylan

$28.72

-0.13 (-0.45%)

RHHBY

Roche

$0.00

(0.00%)

03/08/13
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  • 18

    Dec

  • 24

    Dec

  • 18

    Mar

TACT

Transact Technologies

$8.46

-0.22 (-2.53%)

15:26
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12/18
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Grand Slam reports 7% stake in Transact, sends letter to board »

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15:25
12/18/18
12/18
15:25
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Conference/Events
Guggenheim CIO fixed income to hold an analyst/industry conference call »

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AMC

AMC Entertainment

$13.89

-0.17 (-1.21%)

15:22
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12/18
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15:22
Conference/Events
AMC Entertainment management to meet with Wedbush »

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  • 19

    Dec

PFE

Pfizer

$42.14

-0.97 (-2.25%)

15:20
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15:20
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Options
Upside call buyers in Pfizer weekly contracts »

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  • 18

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  • 05

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    Jan

JBL

Jabil

$22.08

0.52 (2.41%)

15:19
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15:19
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15:19
Options
Jabil Circuit options imply 11.1% move in share price post-earnings, above median historical move »

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  • 18

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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Technical Analysis
NYSE market internals summary »

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15:12
12/18/18
12/18
15:12
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Conference/Events
Morgan Stanley REITs analyst to hold an analyst/industry conference call »

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CLGX

CoreLogic

$35.67

0.08 (0.22%)

15:07
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CoreLogic acquires incurance claim solutions firm Symbility Solutions »

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NFLX

Netflix

$270.49

7.61 (2.89%)

15:06
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Periodicals
Netflix testing $3-per-week subscription plan in Europe, BGR reports »

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SPY

SPDR S&P 500 ETF Trust

$254.76

-0.36 (-0.14%)

, SPX

S&P 500

$0.00

(0.00%)

15:05
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Periodicals
Schumer says Dems would 'seriously consider' stopgap funding, Bloomberg says »

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SPY

SPDR S&P 500 ETF Trust

$254.76

-0.36 (-0.14%)

SPX

S&P 500

$0.00

(0.00%)

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

03/08/13
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15:05
12/18/18
12/18
15:05
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15:05
General news
FOMC widely expected to hike rates Wednesday »

FOMC widely expected to…

FDX

FedEx

$184.17

1.97 (1.08%)

15:04
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12/18
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Options
Fedex options imply 9.1% move in share price post-earnings, above median historical move »

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  • 18

    Dec

QCOM

Qualcomm

$57.95

0.96 (1.68%)

, AAPL

Apple

$165.48

1.43 (0.87%)

14:59
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Periodicals
Qualcomm seeks to extend ban in China to new Apple iPhones, Bloomberg says »

Qualcomm's (QCOM)…

QCOM

Qualcomm

$57.95

0.96 (1.68%)

AAPL

Apple

$165.48

1.43 (0.87%)

03/08/13
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