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CAR

Avis Budget

$38.80

0.07 (0.18%)

17:43
02/15/18
02/15
17:43
02/15/18
17:43

Avis Budget's biggest holder SRS seeks additional board seats, WSJ says

SRS Investment Management, the largest investor in Avis Budget Group, with a 14.7% stake in the company's voting shares and and another 16% in derivatives, is making moves to "shake up the car-rental car company's board of directors, a ratcheting up of several years of tension between the two about how to boost the stock," says the Wall Street Journal. Reference Link

CAR Avis Budget
$38.80

0.07 (0.18%)

02/14/18
02/14/18
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. PepsiCo (PEP) downgraded to In Line from Outperform at Evercore ISI with analyst Robert Ottenstein saying that while the company's dividend increase is "important and positive," he no longer expects the company to outperform in the beverage sector amid an "array of issues" at North America Beverage segment limiting upside performance. 2. Spark Therapeutics (ONCE) downgraded to Neutral from Overweight at JPMorgan with analyst Cory Kasimov saying he remains optimistic about the long-term outlook for the company, but notes the shares are now within 10% of his price target following the recent rally. 3. Chimerix (CMRX) downgraded to Underweight from Neutral at JPMorgan with analyst Jessica Fye saying with base-case timing for the AdAPT data well over a year away, the shares will underperform over the near term. 4. Avis Budget (CAR) downgraded to Sell from Neutral at Goldman Sachs with analyst David Tamberrino saying he believes transitory benefits from Hurricane recovery demand are waning, and headwinds from reduced residual values, higher interest rates, continued competition, and increased SG&A expenses will pressure Avis' earnings outlook. 5. Lexicon (LXRX) downgraded to Underweight from Neutral at JPMorgan with analyst Jessica Fye saying the Xermelo launch remains slow, and consensus estimates of $55M and $99M for 2018 and 2019 are too high. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/14/18
GSCO
02/14/18
DOWNGRADE
GSCO
Sell
Avis Budget downgraded to Sell from Neutral at Goldman Sachs
Goldman analyst David Tamberrino downgraded Avis Budget Group to Sell from Neutral and lowered its price target to $33. The analyst believes transitory benefits from Hurricane recovery demand are waning, and headwinds from reduced residual values, higher interest rates, continued competition, and increased SG&A expenses will pressure Avis' earnings outlook.
11/08/17
JPMS
11/08/17
NO CHANGE
Target $47
JPMS
Overweight
Avis Budget selloff on Q3 miss overdone, says JPMorgan
JPMorgan analyst Samik Chatterjee views the selloff in Avis Budget following the Q3 miss as overdone. The analyst believes the company's drivers of profitability remain favorable. He keeps an Overweight rating on the shares while lowering his price target to $47 from $50.
10/12/17
MKMP
10/12/17
NO CHANGE
Target $49
MKMP
Buy
Car rental group earnings to inflect on improved fundamentals, says MKM Partners
MKM Partners analyst Christopher Agnew raised his price target on Avis Budget Group (CAR) to $49 from $39 and Hertz Global (HTZ) to $36 from $22, maintaining a Buy rating on both stocks. Agnew says the earnings momentum for the group is at an upward inflection point thanks to sustained improvement in core fundamentals, as net pricing is turning positive. Agnew also notes other catalysts for these stocks, including overly high 40-50% short interest and cost reductions driven by "connected-cars" technology improvements.

TODAY'S FREE FLY STORIES

VHC

VirnetX

$5.26

-0.19 (-3.49%)

15:34
03/18/19
03/18
15:34
03/18/19
15:34
Options
VirnetX options imply 9.4% move in share price post-earnings, above median historical move »

Pre-earnings options…

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AGCO

Agco

$67.50

0.93 (1.40%)

15:33
03/18/19
03/18
15:33
03/18/19
15:33
Hot Stocks
Agco announces commercial, technological partnership with Solinftec »

Agco announces a…

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NVDA

Nvidia

$168.85

-1.05 (-0.62%)

, QCOM

Qualcomm

$56.69

0.09 (0.16%)

15:31
03/18/19
03/18
15:31
03/18/19
15:31
Periodicals
U.S. chipmaker industry group calls Chinese offer a 'distraction,' WSJ says »

U.S. semiconductor…

NVDA

Nvidia

$168.85

-1.05 (-0.62%)

QCOM

Qualcomm

$56.69

0.09 (0.16%)

INTC

Intel

$54.06

-0.26 (-0.48%)

TXN

Texas Instruments

$109.63

-1.07 (-0.97%)

MCHP

Microchip

$85.18

-0.92 (-1.07%)

MRVL

Marvell

$19.93

-0.22 (-1.09%)

AMD

AMD

$23.24

-0.06 (-0.26%)

MU

Micron

$39.66

0.13 (0.33%)

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SYNA

Synaptics

$33.56

-9.62 (-22.28%)

15:30
03/18/19
03/18
15:30
03/18/19
15:30
Options
Timely put buy in Synaptics as shares shed 22.5% »

Timely put buy in…

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  • 28

    May

IFSPF

Interfor

$0.00

(0.00%)

15:28
03/18/19
03/18
15:28
03/18/19
15:28
Conference/Events
Interfor management to meet with TD Securities »

Meetings to be held in…

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  • 20

    Mar

  • 21

    Mar

QEP

QEP Resources

$7.75

0.18 (2.38%)

15:20
03/18/19
03/18
15:20
03/18/19
15:20
Options
Repeat risk-reversals in Qep Resources »

Repeat risk-reversals in…

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AMRS

Amyris

$3.87

-0.06 (-1.53%)

15:19
03/18/19
03/18
15:19
03/18/19
15:19
Options
Amyris options imply 31.1% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 18

    Mar

BX

Blackstone

$35.48

0.57 (1.63%)

15:18
03/18/19
03/18
15:18
03/18/19
15:18
Periodicals
Blackstone nearing deal to acquire Servpro Industries, WSJ reports »

Blackstone Group is…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
03/18/19
03/18
15:17
03/18/19
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
03/18/19
03/18
15:16
03/18/19
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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BX

Blackstone

$35.47

0.56 (1.60%)

15:14
03/18/19
03/18
15:14
03/18/19
15:14
Periodicals
Breaking Periodicals news story on Blackstone »

Blackstone near deal to…

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15:10
03/18/19
03/18
15:10
03/18/19
15:10
Options
Volatility traders await the first settlement of new SPIKES contracts »

Volatility traders await…

15:10
03/18/19
03/18
15:10
03/18/19
15:10
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

15:09
03/18/19
03/18
15:09
03/18/19
15:09
Conference/Events
FBN Securities analysts to hold group luncheon »

The FBN Securities…

FLIR

Flir Systems

$49.31

-0.83 (-1.66%)

15:04
03/18/19
03/18
15:04
03/18/19
15:04
Downgrade
Flir Systems rating change  »

Flir Systems downgraded…

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  • 19

    Apr

STNE

StoneCo

$35.33

2.85 (8.77%)

15:04
03/18/19
03/18
15:04
03/18/19
15:04
Options
StoneCo options imply 17.1% move in share price post-earnings »

Pre-earnings options…

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  • 18

    Mar

YEXT

Yext

$22.91

0.24 (1.06%)

15:00
03/18/19
03/18
15:00
03/18/19
15:00
Options
Call buyers in Yext as shares tick higher »

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BKS

Barnes & Noble

$5.33

0.06 (1.14%)

14:50
03/18/19
03/18
14:50
03/18/19
14:50
Options
Barnes and Nobles calls active for a second day »

Barnes and Nobles calls…

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TLRY

Tilray

$70.78

-1.75 (-2.41%)

14:49
03/18/19
03/18
14:49
03/18/19
14:49
Options
Tilray options imply 15.9% move in share price post-earnings, above median historical move »

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  • 18

    Mar

TSLA

Tesla

$270.25

-5.18 (-1.88%)

14:39
03/18/19
03/18
14:39
03/18/19
14:39
Periodicals
Tesla seeks employee volunteers to help deliver 30,000 cars, BI says »

Tesla has once again…

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  • 18

    Mar

  • 19

    Mar

CRAY

Cray

$24.86

-0.3 (-1.19%)

, INTC

Intel

$54.03

-0.29 (-0.53%)

14:37
03/18/19
03/18
14:37
03/18/19
14:37
Hot Stocks
Cray selected as subcontractor to Intel on DOE exascale supercomputer project »

Cray (CRAY) announced…

CRAY

Cray

$24.86

-0.3 (-1.19%)

INTC

Intel

$54.03

-0.29 (-0.53%)

03/08/13
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  • 25

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PTE

PolarityTE

$13.56

-1.9 (-12.29%)

14:33
03/18/19
03/18
14:33
03/18/19
14:33
Hot Stocks
PolarityTE says received subpoena from SEC for possible securities violations »

In a regulatory filing,…

03/08/13
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INTC

Intel

$54.08

-0.24 (-0.44%)

, CRAY

Cray

$24.86

-0.3 (-1.19%)

14:32
03/18/19
03/18
14:32
03/18/19
14:32
Hot Stocks
Intel, DoE to deliver first exascale supercomputer »

Intel Corporation (INTC)…

INTC

Intel

$54.08

-0.24 (-0.44%)

CRAY

Cray

$24.86

-0.3 (-1.19%)

03/08/13
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03/08/13
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03/06/13
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  • 25

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PTE

PolarityTE

$13.73

-1.73 (-11.19%)

14:21
03/18/19
03/18
14:21
03/18/19
14:21
Recommendations
PolarityTE analyst commentary at Piper Jaffray »

PolarityTE SkinTE sales…

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GM

General Motors

$37.83

-0.25 (-0.66%)

14:20
03/18/19
03/18
14:20
03/18/19
14:20
Options
Size call write in GM »

Size call write in GM.…

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03/08/13
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  • 27

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