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GOOGL

Alphabet Class A

$1,095.50

4.14 (0.38%)

, GOOG

Alphabet

$1,094.80

5.28 (0.48%)

08:56
02/17/18
02/17
08:56
02/17/18
08:56

Alphabet, Citi well positioned for later stages of market rally, Barron's says

It is time for investors to think about how and when bull markets end, Jack Hough writes in this week's edition of Barron's. Groups to favor now include financials, which benefit from rising interest rates, and industrials, he notes, adding that technology still looks attractive. Alphabet (GOOG; GOOGL), Lam Research (LRCX), Citigroup (C), and Cummins (CMI) are all well positioned for the later stages of a long market rally, Hough contends. Reference Link

GOOGL

Alphabet Class A

$1,095.50

4.14 (0.38%)

GOOG

Alphabet

$1,094.80

5.28 (0.48%)

C

Citi

$76.82

-0.26 (-0.34%)

CMI

Cummins

$165.60

0.58 (0.35%)

LRCX

Lam Research

$187.91

2.2 (1.18%)

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GOOGL Alphabet Class A
$1,095.50

4.14 (0.38%)

02/02/18
02/02/18
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. Apple (AAPL) was downgraded to Market Perform from Outperform at Bernstein and to Sector Weight from Overweight at KeyBanc. 2. Alphabet (GOOG, GOOGL) downgraded to Hold from Buy at Stifel with analyst Scott Devitt citing fourth quarter results and saying he has some longer-term concerns around competition from Amazon (AMZN), Google Cloud Platform market share, regulatory risk and rising traffic acquisition cost. 3. Hershey (HSY) downgraded to Neutral from Outperform at Credit Suisse with analyst Robert Moskow saying the stock deserves a "more narrow" valuation premium to food peers than in the past due to the deceleration of its growth rate and the stagnation of its profit margin. 4. Impinj (PI) was downgraded to Neutral from Buy at Dougherty, to Hold from Buy at Needham and Canaccord, and to Sector Perform from Outperform at RBC Capital. 5. Tractor Supply (TSCO) downgraded to Underperform from Buy at BofA/Merrill with analyst Elizabeth Suzuki saying the fourth quarter results were strong, but the outlook for 2018 was disappointing as management outlined expectations for operating margin compression and a store growth trajectory. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/15/18
MSCO
02/15/18
NO CHANGE
Target $28
MSCO
Underweight
Twitter price target raised to $28 from $15 at Morgan Stanley
Morgan Stanley analyst Brian Nowak said he underestimated Twitter's (TWTR) turnaround efforts throughout 2017 and he has raised his price target on the stock to $28 from $15 given the company's better revenue outlook and high incremental margins. However, despite Twitter's better than expected results, he still sees the stock being a relative underperformer from current levels when compared to faster growing peers like Facebook (FB) and Alphabet (GOOGL), he tells investors. Nowak keeps an Underweight rating on Twitter.
02/05/18
ARGS
02/05/18
NO CHANGE
Target $1300
ARGS
Buy
Alphabet price target raised to $1,300 from $1,220 at Argus
Argus analyst Joseph Bonner raised his price target on Alphabet to $1,300, citing strong growth in mobile search as well as "significant revenue growth" from the company's next-generation businesses - YouTube, Google Cloud, and Google Play. The analyst contends that Alphabet is navigating the desktop-to-mobile paradigm shift successfully while adding that the stock valuation is attractive against the backdrop of rapidly expanding business.
02/06/18
CHLM
02/06/18
NO CHANGE
Target $80
CHLM
Buy
Craig-Hallum remains a buyer of Nutrisystem as Google trends continue to lag
Craig-Hallum analyst Alex Fuhrman says Nutrisystem (NTRI) Google (GOOG; GOOGL) trends continue to lag, setting up a buying opportunity despite mixed indicators. Mixed indicators suggest the Nutrisystem brand is not likely to accelerate revenue growth in 2018 from 2017's 23% levels, however the analyst believes there is still strong potential to exceed his estimate of about 11% growth for the brand in 2018. He reiterates a Buy rating and $80 price target on Nutrisystem's shares.
GOOG Alphabet
$1,094.80

5.28 (0.48%)

02/02/18
FBCO
02/02/18
NO CHANGE
Target $1400
FBCO
Outperform
Alphabet price target raised to $1,400 from $1,350 at Credit Suisse
Credit Suisse analyst Stephen Ju attributes greater than expected marketing spending to promote growth in hardware, cloud, and YouTube as driving the shortfall in Alphabet's operating profit compared to estimates, though he said investors should be "happy to underwrite the incremental marketing and capex" spending in pursuit of the longer-term opportunity. As bright spots in the quarter, Ju points to the company's disclosure that Google's Cloud business is now at a $1B per quarter run rate and likely growing well in the triple-digit range and the fact that device shipments in the hardware business are also growing over 100%. Ju raised his price target to $1,400 and keeps an Outperform rating on Alphabet shares.
C Citi
$76.82

-0.26 (-0.34%)

02/02/18
MSCO
02/02/18
NO CHANGE
MSCO
BofA, JPMorgan, Citi best positioned for tougher CCAR test, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck said she had expected an easier stress test from the Federal Reserve but that the 2018 CCAR test actually seems tougher than last year, given the more intense recessions and lower asset prices modeled in it. A tougher test makes her less optimistic on her strong payout growth expectations, said Graseck, who sees Bank of America (BAC), JPMorgan (JPM) and Citi (C) as best positioned to "weather the storm" and increase payouts given their resilient balance sheets and significant excess capital. She sees Goldman Sachs (GS), which recently cut buybacks, as at risk from a tougher test, which likely weighs on the bank's 2018 ask, Graseck added.
01/17/18
01/17/18
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. Apple (AAPL) downgraded to Neutral from Buy at Longbow with analyst Shawn Harrison saying the current iPhone cycle is "good, not great." 2. Dish (DISH) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Benjamin Swinburne saying he now sees fewer likely buyers of its assets than hoped. 3. Juniper (JNPR) downgraded to Underweight from Equal Weight at Barclays with analyst Mark Moskowitz citing a lack of service provider rebound in 2018 as well as a rising threat from Arista in routing. 4. Citi (C) was downgraded to Hold from Buy at Vertical Group and to Market Perform from Outperform at Keefe Bruyette. 5. Shell Midstream (SHLX) downgraded to Hold from Buy at Stifel with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/17/18
VERF
01/17/18
DOWNGRADE
VERF
Hold
Citi downgraded to Hold from Buy at Vertical Group
01/17/18
RBCM
01/17/18
NO CHANGE
Target $85
RBCM
Outperform
Citi price target raised to $85 from $79 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on Citi to $85 and kept his Outperform rating following Q4 earnings. Cassidy says that non-cash charges from tax reform masked the quarter's performance, with underlying trends for Citi remaining strong. The analyst adds that CitiGroup importantly reiterated the $60B capital return goal through CCAR despite the regulatory capital hit from the tax legislation.
CMI Cummins
$165.60

0.58 (0.35%)

02/05/18
DBAB
02/05/18
NO CHANGE
Target $169
DBAB
Sell
Cummins should be sold on post-earnings rally, says Deutsche Bank
Deutsche Bank analyst Nicole DeBlase recommends selling Cummins should the stock rally on Tuesday's earnings report. While the company could beat expectations, NAFTA Class 8 production is likely to decline in 2019-2020, making a 2018 a likely earnings peak, DeBlase tells investors in a pre-earnings research note. The analyst lowered her price target for Cummins to $169 from $177 and keeps a Sell rating on the name.
02/02/18
OPCO
02/02/18
NO CHANGE
Target $207
OPCO
Outperform
Cummins price target raised to $207 from $192 at Oppenheimer
Oppenheimer analyst Noah Kaye raised his price target for Cummins to $207 ahead of the company's Q4 results on Tuesday morning. The analyst says channel checks indicate prolonged growth for the North American heavy duty truck market into fiscal 2019. He also sees the company benefiting from a lower corporate tax rate. Kaye keeps an Outperform rating on Cummins.
01/19/18
BOFA
01/19/18
UPGRADE
Target $215
BOFA
Buy
Cummins upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Ross Gilardi Cummins to Buy and raised its price target to $215 from $200 saying he sees further upside driven by the still early recovery in the broader US capital spending outlook. The analyst raised estimates above consensus citing stronger US truck data as used truck prices are accelerating and Class 8 inventories are low, and believes there is a softer landing occurring in the China truck market. Gilardi contends Cummins could make accretive acquisitions given it has no net debt and notes the GE Transportation business could be a good fit for the company.
01/18/18
JPMS
01/18/18
NO CHANGE
JPMS
Class 8 truck retail sales reportedly up 31% in December, says JPMorgan
JPMorgan analyst Ann Duignan noted that ACT Research released final truck data for December, showing that North American Class 8 retail sales were up 31% year-over-year to 27,776 units in the month. Truck demand has an impact on Navistar (NAV), Paccar (PCAR), Cummins (CMI), Allison Transmission (ALSN) and Eaton (ETN), noted Duignan.
LRCX Lam Research
$187.91

2.2 (1.18%)

01/25/18
NEED
01/25/18
NO CHANGE
Target $270
NEED
Buy
Lam Research price target raised to $270 from $235 at Needham
Needham analyst Y. Edwin Mok raised his price target on Lam Research to $270 and kept his Buy rating after a "solid" Q2 earnings and a "very strong" Q3 guidance. Mok says the company's strong growth "validates" its outperformance in WFE, adding that the March analyst event will feature a positive update on longer term earnings model.
01/30/18
DADA
01/30/18
NO CHANGE
Target $100
DADA
Buy
Advanced Energy customers'' comments suggest strong Q4, sayst DA Davidson
DA Davidson analyst Thomas Diffely previews Advanced Energy's (AEIS) Q4 earnings expected out this week, saying that "bullish industry comments" from the company's largest customers - Applied Materials (AMAT) and Lam Research (LRCX) - suggest that the "record 2017" year had a strong finish and 2018 is shaping up even better. Diffely contends that the shipments guidance from Lam Research and the recent strong equipment orders from TSMC (TSM) all bode well for the core semiconductor business, keeping his Buy rating and $100 price target on Advanced Energy.
01/25/18
RBCM
01/25/18
NO CHANGE
Target $245
RBCM
Outperform
Lam Research price target raised to $245 from $225 at RBC Capital
RBC Capital analyst Amit Daryanani raised his price target on Lam Research to $245 and kept his Outperform rating after a Q2 earnings beat and better than expected Q3 outlook. Daryanani notes that the company's expectation of double digit WFE growth in 2018 implies equipment spending topping $50B "comfortably". The analyst contends that the company is "well positioned" from its status as the "arms dealer" in the memory race, sustaining double digit or higher revenue and EPS growth.
02/02/18
STFL
02/02/18
NO CHANGE
STFL
Apple won't be dominant catalyst for semi, display spending, says Stifel
Stifel analyst Patrick Ho believes Apple (AAPL) will remain a key catalyst, but not the dominant catalyst, for semiconductor and display spending, citing the emerging market opportunities in many different markets, such as data centers, artificial intelligence, autonomous driving, cryptocurrency, and VR/AR. Ho said he remains "steadfast" in the view that Applied Materials (AMAT) is the best positioned company to benefit from these emerging semi and display trends, given its positioning in terms of 3D NAND and strength in the foundry segment. He also sees Lam Research (LRCX) benefiting on the memory front and KLA-Tencor (KLAC) on the advanced foundry/logic front and views suppliers like MKS Instruments (MKSI) and Entegris (ENTG) as also poised to benefit.

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Jacobs Engineering

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Bank of America

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Red Hat

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AMZN

Amazon.com

$1,926.27

-14.93 (-0.77%)

, GOOG

Alphabet

$1,170.97

9.3 (0.80%)

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$1,170.97

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AAPL

Apple

$218.35

0.105 (0.05%)

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Ralph Lauren

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FOLD

Amicus

$11.80

0.02 (0.17%)

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First BanCorp

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Skechers

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Canadian National

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NOA

North American Energy

$8.65

-0.175 (-1.98%)

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Stitch Fix

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Interpublic Group

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SNHY

Helios Technologies

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Caterpillar

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Canadian Natural

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SCS

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ConocoPhillips

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SLCA

U.S. Silica

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Covia

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Noble Corp.

$6.30

0.15 (2.44%)

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RIG

Transocean

$12.37

0.44 (3.69%)

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