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ORCL

Oracle

$50.67

-0.06 (-0.12%)

, GOOG

Alphabet

$1,104.73

-13.56 (-1.21%)

04:55
03/01/18
03/01
04:55
03/01/18
04:55

Fortinet to hold a customer conference

Accelerate 18--Strength in Numbers will be held in Las Vegas on February 26-March 1.

ORCL

Oracle

$50.67

-0.06 (-0.12%)

GOOG

Alphabet

$1,104.73

-13.56 (-1.21%)

IBM

IBM

$155.83

-0.72 (-0.46%)

IM

Ingram Micro

$0.00

(0.00%)

LAZ

Lazard

$53.97

-0.24 (-0.44%)

INTC

Intel

$49.29

-0.62 (-1.24%)

AMZN

Amazon.com

$1,512.45

0.47 (0.03%)

VZ

Verizon

$47.74

-0.3 (-0.62%)

CTL

CenturyLink

$17.67

-0.41 (-2.27%)

MSFT

Microsoft

$93.77

-0.43 (-0.46%)

TMUS

T-Mobile

$60.61

0.67 (1.12%)

FTNT

Fortinet

$50.47

0.52 (1.04%)

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    Mar

  • 19

    Apr

ORCL Oracle
$50.67

-0.06 (-0.12%)

01/23/18
NOMU
01/23/18
INITIATION
Target $64
NOMU
Buy
Oracle initiated with a Buy at Nomura Instinet
Nomura initiated Oracle with a Buy and $64 price target.
02/13/18
MUFG
02/13/18
NO CHANGE
MUFG
Oracle transitioning to cloud faster than anticipated, says MUFG
MUFG analyst Stephen Bersey said based on conversation with Oracle CEO Mark Hurd and President of Product Development Thomas Kurian at the company's CloudWorld customer event on Monday, he believes Oracle has more "runway in its cloud transition" than previously anticipated. MUFG has an Overweight rating and $58 price target on Oracle shares.
02/20/18
CLVD
02/20/18
DOWNGRADE
CLVD
Neutral
Oracle downgraded to Neutral from Buy at Cleveland Research
01/23/18
NOMU
01/23/18
INITIATION
Target $64
NOMU
Buy
Oracle initiated with a Buy at Nomura Instinet
Nomura Instinet analyst Christopher Eberle started Oracle with a Buy rating and $64 price target. The company's $33B on-premise business incumbency, coupled with the "deepest cloud-based application suite across ERP, HCM, and CRM," positions it "extremely well to take advantage of this rapidly changing market environment," Eberle tells investors in a research note.
GOOG Alphabet
$1,104.73

-13.56 (-1.21%)

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.
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.
02/20/18
BARD
02/20/18
NO CHANGE
Target $1300
BARD
Outperform
Alphabet added as a Fresh Pick at Baird
Baird analyst Colin Sebastian added Alphabet as a Fresh Pick as he noted the shares have underperformed the large cap internet group overall. He said there are several catalysts ahead as the company moves more aggressively in key markets, which he thinks should drive the shares higher. Sebastian reiterated his Outperform rating and $1,300 price target on Alphabet shares.
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.
IBM IBM
$155.83

-0.72 (-0.46%)

01/23/18
01/23/18
NO CHANGE

IT Hardware industry view double-upgraded to Attractive at Morgan Stanley
Morgan Stanley analyst Katy Huberty upgraded her IT Hardware industry view by two notches, to Attractive from Cautious, stating that she now forecasts 6.6% average revenue growth in 2018. This level of growth would be an acceleration from the past few years and tops the consensus view of 5.9%, noted Huberty. She points to a survey of 100 CIOs that indicates faster planned IT budget growth than three months ago, expectations for faster gross margin expansion, and the benefits of U.S. tax reform to support her view. She favors stocks with enterprise exposure that don't price in a growth acceleration, naming HP Enterprise (HPE) and IBM (IBM) as her top picks. In the same note, Huberty raised her FY18 gross margin view for Apple (AAPL) and increased her price target on the iPhone maker's shares to $205 from $200. This morning, Huberty upgraded HP Enterprise to Overweight and upgraded NetApp (NTAP) and Teradata (TDC), both to Equal Weight from Underweight. She also downgraded HP Inc. (HPQ) to Equal Weight, as previously reported.
01/19/18
SOCG
01/19/18
NO CHANGE
Target $149
SOCG
Sell
IBM price target lowered to $149 on 'lightweight' guidance at Societe Generale
Societe General analyst Richard Nguyen reduced IBM's FY18-19 earnings estimates by 3% and trimmed his price target to $149 from $152 given "lightweight" FY18 guidance and the steady downtrend in gross margins. Nguyen reiterated a Sell rating on IBM and believes any revenue growth could be driven more by FX tailwinds and the low comp base in 1H 2018 rather than a structural turnaround in its services businesses.
02/22/18
PIPR
02/22/18
INITIATION
Target $26
PIPR
Overweight
Pure Storage initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski started Pure Storage (PSTG) with an Overweight rating and $26 price target. The analyst believes the company will continue taking share from the legacy storage vendors, including Dell Technologies (DVMT), HP (HPQ) and IBM (IBM). Pure Storage's path to sustainable profitability is within reach, which should provide support for the valuation, Nowinski contends.
02/05/18
MSCO
02/05/18
UPGRADE
Target $180
MSCO
Overweight
Morgan Stanley double upgrades IT Services, moves Accenture to Overweight
Morgan Stanley analyst Brian Essex upgraded Accenture (ACN) to Overweight and raised his price target for the shares to $180 from $159. The analyst, following his firm's chief investment officer survey, believes the secular shift toward digital and cloud adoption is in the early stages. As such, Essex double upgraded his view on the IT Services industry to Attractive from Cautious. Vendors with strong positioning in consulting and system integration and next-gen applications should take market share, the analyst tells investors in a research note on the sector. Along with his upgrade of Accenture, the Essex highlights IBM (IBM) and Capgemini (CGEMY) as names poised to benefit relative to peers. He also raised his price target for Cognizant shares to $84 from $77.
IM Ingram Micro
$0.00

(0.00%)

LAZ Lazard
$53.97

-0.24 (-0.44%)

12/21/17
12/21/17
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. PG&E (PCG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Shelby Tucker stating that the company's "unexpected" decision to suspend its dividend suggests greater risk than he had assumed regarding the regulatory treatment of the California wildfires in October. 2. ConocoPhillips (COP) downgraded to Outperform from Focus List at Scotia Howard Weil. 3. Axovant Sciences (AXON) downgraded to Hold from Buy at Jefferies with analyst Michael Yee saying the company needs "more interesting" in-licensed compounds to renew investor interest in 2018 and to demonstrate the new CEO can drive shareholder value. 4. Lazard (LAZ) downgraded to Neutral from Buy at Buckingham with analyst James Mitchell saying he sees little operating leverage from the tax rate cut and said weakening restructuring revenues will be a drag on growth. 5. SunTrust (STI) downgraded to Neutral from Outperform at Wedbush with analyst Peter Winter citing valuation with the shares up 19% year-to-date. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/03/18
NOMU
01/03/18
UPGRADE
Target $62
NOMU
Buy
Lazard upgraded to Buy from Neutral at Nomura Instinet
Nomura Instinet analyst Steven Chubak upgraded Lazard to Buy and raised his price target for the shares to $62 from $46. The analyst sees "meaningful upside" given the company's exposure to large/cross-border deals that he believes are poised for a "meaningful recovery" in 2018.
01/08/18
GSCO
01/08/18
NO CHANGE
GSCO
Goldman bullish on Brokers into 2018, upgrades Lazard and Stifel
Goldman Sachs analyst Conor Fitzgerald remains bullish on the Brokers and financial service companies heading into 2018. The analyst thinks large-cap mergers and acquisitions could accelerate and financial deals could return. To reflect these trends, Fitzgerald upgraded both Lazard (LAZ) and Stifel Financial (SF) to Buy from Neutral. The analyst prefers E-Trade (ETFC) and Charles Schwab (SCHW) over TD Ameritrade (AMTD) on the belief that commission price cuts are more likely than not in 2018. Further, Fitzgerald views Interactive Brokers' valuation as full and downgraded the shares to Sell from Neutral. Lastly, he sees a more balanced risk/reward for MarketAxess (MKTX) in this low volatility environment and downgraded the shares to Neutral from Buy.
01/08/18
GSCO
01/08/18
UPGRADE
Target $64
GSCO
Buy
Lazard upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Conor Fitzgerald upgraded Lazard to Buy and raised his price target for the shares to $64 from $50.
INTC Intel
$49.29

-0.62 (-1.24%)

02/26/18
BARD
02/26/18
NO CHANGE
Target $60
BARD
Outperform
Intel indicating strong growth outlook for 2018, says Baird
Baird analyst Tristan Gerra said Intel's Data Center Group growth could accelerate this year versus last year, fueled by continued strong demand while Xeon Scalable's adoption rate continues to increase. The company also sees a strong second half 2018 outlook for CCG as its momentum will be driven by a sharp rebound in iPhone units and the company's significant share gain. Gerra reiterated his Outperform rating and $60 price target on Intel shares.
02/27/18
SBSH
02/27/18
NO CHANGE
SBSH
Buy
Citi calls Intel the Micron of 2018, moves to top Semi pick
Intel (INTC) is one of the only Semiconductor stocks with poor investor sentiment given its valuation discount to peers and the stock's underperformance year-to-date, Citi analyst Christopher Danely tells investors in a research note. The analyst believes the recovery in the enterprise end market will drive consensus estimates higher. Intel's combination of "very low" sentiment and "substantial" upside to consensus estimates is similar to Micron (MU) in 2017, Danely contends. The analyst moves Intel to his to pick in Semiconductors.
02/26/18
NOMU
02/26/18
NO CHANGE
Target $60
NOMU
Buy
Intel price target raised to $60 from $50 at Nomura Instinet
Nomura Instinet analyst Romit Shah raised his price target for Intel to $60 citing higher estimates and multiple expectations. The analyst notes the company's Datacenter Group revenue exceeded Street expectations for the second consecutive quarter in Q4, growing 20% year-over-year. He believes the growth is sustainable.
02/21/18
COWN
02/21/18
NO CHANGE
Target $53
COWN
Outperform
Micron joint venture with Intel remains underappreciated, says Cowen
After conducting field work across the semi supply chain, Cowen analyst Karl Ackerman said he believes Micron's (MU) joint venture with Intel (INTC) remains underappreciated by investors. Ackerman reiterated his Outperform rating and $53 price target on Micron shares.
AMZN Amazon.com
$1,512.45

0.47 (0.03%)

02/28/18
WELS
02/28/18
NO CHANGE
WELS
Amazon delivery pilot program not incremental development, says Wells Fargo
Wells Fargo analyst Matthew Troy notes that Amazon (AMZN) announced the launching of a pilot program to pick-up and deliver packages in Los Angeles. The analyst does not view Shipping with Amazon as an incremental development in the e-Commerce giant's strategy or a change in the competitive risk dynamic for either UPS (UPS) or FedEx (FDX). Troy highlights that Amazon already offers a similar service in London, and is already delivering packages in nearly 40 U.S. cities. He still believes it would cost Amazon between $50B-$100B to build out a global network with sufficient reach and scale to compete directly with FedEx and UPS.
02/28/18
MSCO
02/28/18
NO CHANGE
Target $18
MSCO
Overweight
Amazon deal for Ring doesn't disrupt core thesis on ADT, says Morgan Stanley
Morgan Stanley analyst Toni Kaplan said Amazon's (AMZN) reported agreement to buy connected-doorbell and video camera startup Ring doe not disrupt her core thesis on ADT Inc. (ADT), which is centered on the latter's brand awareness and service differentiating it from intense competition from technology and DIY competitors. While the Ring deal increases Amazon's penetration into home automation, many of the newer products and services in this space go after a different subset of customers than ADT's core client base, according to Kaplan. However, she does acknowledge that a greater risk could result if Amazon adds professional monitoring or pulls its existing Alexa integration with ADT. Kaplan keeps her Overweight rating and $18 price target on ADT Inc. shares, which closed yesterday down 4.6% at $11.60 and are pointing to about a 2% further decline in pre-market trading.
02/28/18
WBLR
02/28/18
NO CHANGE
WBLR
Outperform
Amazon acquisition creates overhang on Alarm.com, says William Blair
William Blair analyst Bhavan Suri believes Amazon.com's (AMZN) acquisition of Ring is likely to create an overhang on the shares of Alarm.com (ALRM). The deal likely adds "more fuel" to concerns around do-it-yourself smart home and security offerings, Suri tells investors in a research note. The analyst, however, believes Amazon's motivation for acquiring Ring is actually different than many other DIY providers. Amazon's goal is to sell more products, and securing the front of a house enables more packages to be safely delivered, Suri writes. Nevertheless, he thinks the Ring purchase is likely to pressure Alarm.com shares "through additional negative sentiment around the DIY threat." Suri keeps an Outperform rating on Alarm.com.
02/28/18
NORL
02/28/18
NO CHANGE
Target $86
NORL
Outperform
Buying iRobot would be 'logical next step' for Amazon, says Northland
After Amazon (AMZN) acquired a smart camera company Blink last year and reportedly agreed this week to buy smart security company Ring, Northland analyst Michael Latimore said he thinks a "logical next step" would be for the e-commerce giant to buy iRobot (IRBT) and add more smart home products to sell. The analyst, who said he expects additional color tomorrow during the company's analyst day on their "rich AI tech" and product roadmap, has an Outperform rating on iRobot shares.
VZ Verizon
$47.74

-0.3 (-0.62%)

02/28/18
02/28/18
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. Viacom (VIA, VIAB) upgraded to Neutral from Underperform at Macquarie by analyst Tim Nollen, who told investors that the company has taken a decisive turn in strategy to re-set its distribution relationships and is in the early stages of a turnaround. Nollen believes Viacom can return to growth despite any merger outcome with CBS (CBS) and raised estimates on increased U.S. ad and affiliate revenue growth. 2. Tenet (THC) upgraded to Outperform from Market Perform at Raymond James by analyst John Ransom to reflect management's efforts to reduce costs and sell assets. Ransom said the company is reducing debt and could generate $400M in annual free cash flow until its NOL runs out. 3. AB InBev (BUD) upgraded to Positive from Neutral at Susquehanna by analyst Pablo Zuanic, who said the recent weakness provided an attractive entry point as the company had a great January to September period of organic growth, he sees deal synergies with SAB, and he believes Q4 was just as good if not better than the same period a year ago. 4. Etsy (ETSY) upgraded to Buy at Roth Capital by analyst Darren Aftahi after a "strong" Q4 and citing growth reacceleration and margin expansion. 5. Verizon (VZ) upgraded to Buy from Neutral at MoffettNathanson. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/13/18
02/13/18
NO CHANGE

AT&T the first carrier to offer BOGO deal for iPhone X, says Wells Fargo
Wells Fargo analyst Jennifer Fritzsche noted that AT&T (T) is the first cell phone carrier to offer a Buy One Get One Free, or BOGO, promotion on the Apple (AAPL) iPhone X, and highlighted that the deal has no requirement regarding new customers or trading in old devices. She said it is unclear if any other carrier will match the deal, although she noted that Verizon (VZ) and T-Mobile (TMUS) had attractive deals, although no true BOGO deal. Fritzsche also mentioned that AT&T has the "largest embedded base of iPhone users to protect," as it had iPhone exclusivity until 2011. Fritzsche has an Outperform rating and $48 price target on AT&T shares.
02/14/18
02/14/18
UPGRADE
Target $9

Outperform
Calix upgraded to Outperform with $9 price target at Northland
As previously reported, Northland analyst Tim Savageaux upgraded Calix (CALX) to Outperform from Market Perform, stating that while its Q4 results missed expectations the company looks to have meaningfully addressed its operating expense and gross margin issues. While he expects slower growth as a ramp at Verizon (VZ) offsets weakness at CenturyLink (CTL), he estimates the company will turn from a loss to "solid profits" in FY18, Savageaux tells investors. He set a $9 price target on Calix shares.
02/28/18
MOFT
02/28/18
UPGRADE
MOFT
Buy
Verizon upgraded to Buy from Neutral at MoffettNathanson
CTL CenturyLink
$17.67

-0.41 (-2.27%)

01/25/18
01/25/18
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. Grainger (GWW) upgraded to Outperform from Neutral at Baird with analyst David Manthey saying its strategic initiatives are gaining traction faster than expected. 2. Carter's (CRI) upgraded to Outperform from Market Perform at Wells Fargo with analyst Ike Boruchow saying his store work and industry reads give him confidence that Carter's comps should come in above plan. 3. CenturyLink (CTL) upgraded to Outperform from Sector Perform at RBC Capital with analyst Jonathan Atkin saying there is potential upside to the company's synergy targets, adding that he believes the new management can restructure operations to generate EBITDA growth. 4. Lowe's (LOW), Dick's Sporting (DKS), and Michaels (MIK) were upgraded to Outperform from Market Perform at Telsey Advisory. 5. Varian Medical (VAR) upgraded to Outperform from Market Perform at Barrington with analyst Michael Petusky saying he views the company's first quarter results as "strong" and believes the outlook for 2018 is likely conservative. 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
JEFF
02/15/18
NO CHANGE
Target $17
JEFF
Hold
CenturyLink results generally in-line excluding items, says Jefferies
Jefferies analyst Scott Goldman says CenturyLink's were messy as expected given the mid-quarter Level 3 acquisition closing. Excluding one-time items, the results were generally in-line, as was the guidance, Goldman tells investors in a post-earnings research note titled "A Satisfying Guide, Though Don't be Fooled by the Headlines." He expects the stock to react positively today given the "considerable apprehension" ahead of the guidance. The analyst leaves quarter "slightly more positive" on CenturyLink but keeps a Hold rating on the name with a $17 price target.
02/15/18
MSCO
02/15/18
NO CHANGE
Target $21.6
MSCO
Overweight
CenturyLink results, guidance enough for relief rally, says Morgan Stanley
Morgan Stanley analyst Simon Flannery called CenturyLink's Q4 results and 2018 guidance "messy," but he also believes they provide enough fuel to de-risk the stock in the near-term and drive a relief rally. Management reiterated confidence in the dividend payout, noted prospects for significant margin expansion and expects steady deleveraging helped by recent tax reform, noted Flannery, who has an Overweight rating and $21.60 price target on CenturyLink shares.
MSFT Microsoft
$93.77

-0.43 (-0.46%)

02/14/18
TIGR
02/14/18
NO CHANGE
TIGR
Buy
Microsoft Business Performance continues to accelerate, says Tigress Financial
Tigress Financial analyst Ivan Feinseth keeps his Buy rating on Microsoft, stating that the company's business growth continues to accelerate, driven by Azure, Office 365 and accelerating growth from LinkedIn. The analyst also notes an increase in enterprise demand for secure productivity and collaboration tools supporting the company's product adoption and customer wins, while its Intelligent Cloud and Intelligent Edge platforms drive its architectural advantage.
02/15/18
JEFF
02/15/18
UPGRADE
Target $132
JEFF
Buy
Salesforce upgraded to Buy from Hold at Jefferies
Jefferies analyst John DiFucci upgraded Salesforce (CRM) to Buy and raised his price target for the shares to $132 from $97. Recent field checks indicate continued strong enterprise traction as well improved commercial segment momentum, likely due to moderating Microsoft (MSFT) competition, DiFucci tells investors in a research note. The analyst sees "meaningful" billings upside in Q4 and "many engines of growth" to Salesforce achieving its long-term targets. He views the valuation as reasonable at current share levels.
02/20/18
LOOP
02/20/18
UPGRADE
Target $21
LOOP
Buy
HP Enterprise upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Ananda Baruah upgraded HP Enterprise (HPE) to Buy and raised her price target for the shares to $21 from $14.50. The analyst sees "multiple catalysts" over the next 8-12 quarters. She believes HP Enterprise can generate 30c per share in incremental earnings from its NEXT initiative cost savings and an additional 20c from extinguishing its buyback authorization of $5B by fiscal 2020. Further, Baruah thinks the company's Tier 1 Cloud business with Microsoft (MSFT) is no longer declining.
02/06/18
ARGS
02/06/18
NO CHANGE
Target $107
ARGS
Buy
Microsoft price target raised to $107 from $95 at Argus
Argus analyst Joseph Bonner raised his price target on Microsoft to $107 and kept his Buy rating, saying the company remains "well positioned" to grow commercial revenue amid digital transformation in the U.S. and internationally. Bonner also sees the company's Azure cloud services, Dynamics 365, and Office 365 as key growth drivers, with the company's Consumer segment remaining "steady". The analyst believes the stock can move higher on commercial and public cloud business growth.
TMUS T-Mobile
$60.61

0.67 (1.12%)

02/09/18
RAJA
02/09/18
UPGRADE
RAJA
Strong Buy
T-Mobile upgraded to Strong Buy from Outperform at Raymond James
01/24/18
MSCO
01/24/18
NO CHANGE
MSCO
Verizon 'solid' quarter sets bar for sector peers, says Morgan Stanley
Morgan Stanley analyst Simon Flannery said Verizon (VZ) reported "solid" Q4 results, setting the standard for its sector peers. The company saw continued wireless strength and its EPS for 2018 is expected to increase in the low single digits year-over-year on an "apples to apples" basis, added Flannery. Verizon beat on both phone and total postpaid adds, which followed a strong prerelease from T-Mobile (TMUS), leaving Flannery to ask whether this reflects share gains from Sprint (S) and AT&T (T) or better overall market growth. He has an Overweight rating and $56 price target on Verizon shares.
02/09/18
RHCO
02/09/18
DOWNGRADE
Target $31
RHCO
Hold
Lionsgate downgraded to Hold from Buy at SunTrust
SunTrust analyst Matthew Thornton downgraded Lionsgate (LGF.B) to Hold from Buy and lowered his price target to $31 from $36 after the company lowered its 3-year OIBDA growth outlook to 7.8% from about 13% amid accelerated investment in Starz and international divisions. Thornton notes that while the added spending is justifiable, the multiple needs to reflect the updated model as confidence in more back-end loaded guidance has been shaken. Among his areas of concern, Thornton also lists "accelerating mix shift to originals from licensed content", impact of Netflix (NFLX) on box office and competition for projects, and impact on Starz from bundling deals such as T-Mobile (TMUS) with Netflix and AT&T (T) with HBO.
FTNT Fortinet
$50.47

0.52 (1.04%)

02/28/18
PIPR
02/28/18
NO CHANGE
Target $57
PIPR
Overweight
Fortinet price target raised to $57 from $52 at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski raised his price target for Fortinet to $57 after the user conference left him more confident that the company can increase penetration of the enterprise segment. He reiterates an Overweight rating on the shares.
02/28/18
OPCO
02/28/18
NO CHANGE
Target $55
OPCO
Outperform
Fortinet price target raised to $55 from $50 at Oppenheimer
Oppenheimer analyst Shaul Eyal raised his price target for Fortinet to $55 from $50 as the company remains committed to capturing net new opportunities arising from cloud and automation trends. The analyst reiterates an Outperform rating on the shares.
02/06/18
BMOC
02/06/18
NO CHANGE
Target $50
BMOC
Outperform
Fortinet price target raised to $50 from $45 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Fortinet to $50 and kept his Outperform rating following Q4 earnings, citing the company's 71% growth in free cash flows from improved capital management and profitability. Bachman contends that the stock may be undervalued based on its ability to generate free cash flows of at least $600M, up from $560M in FY17, given that "cash flow cycle days can improve and operating margins can steadily move higher".
02/27/18
BMOC
02/27/18
NO CHANGE
Target $190
BMOC
Market Perform
Palo Alto Networks price target raised to $190 from $170 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Palo Alto Networks (PANW) to $190, saying that investor sentiment around the "perimeter firewall sector" should improve after several years of overhanging worries around the impact of cloud and competition. Bachman believes that Palo Alto Networks as well as Fortinet (FTNT) should benefit from "robust" spending in hybrid cloud security this year. The analyst keeps his Market Perform rating on Palo Alto however, adding he still has some concerns about the "durability of billings growth".

TODAY'S FREE FLY STORIES

AGIO

Agios Pharmaceuticals

$91.06

-0.23 (-0.25%)

, CELG

Celgene

$85.09

-0.26 (-0.30%)

20:07
07/22/18
07/22
20:07
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20:07
Recommendations
Agios Pharmaceuticals, Celgene analyst commentary at Piper Jaffray »

Agios' Tibsovo…

AGIO

Agios Pharmaceuticals

$91.06

-0.23 (-0.25%)

CELG

Celgene

$85.09

-0.26 (-0.30%)

03/08/13
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SYNT

Syntel

$39.15

0.14 (0.36%)

, FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

19:25
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SYNT

Syntel

$39.15

0.14 (0.36%)

FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

PM

Philip Morris

$84.31

3.41 (4.22%)

RACE

Ferrari

$139.98

-2.65 (-1.86%)

AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

NFLX

Netflix

$361.33

-2.81 (-0.77%)

TSLA

Tesla

$313.49

-6.85 (-2.14%)

SNE

Sony

$52.97

0.355 (0.67%)

AB

AllianceBernstein

$29.90

-0.05 (-0.17%)

BLK

BlackRock

$503.01

-1.42 (-0.28%)

BEN

Franklin Resources

$31.99

-0.28 (-0.87%)

IVZ

Invesco

$25.46

-0.245 (-0.95%)

LM

Legg Mason

$33.37

-0.13 (-0.39%)

TROW

T. Rowe Price

$119.87

-0.85 (-0.70%)

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    Aug

INDB

Independent Bank

$88.10

6.45 (7.90%)

17:48
07/22/18
07/22
17:48
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17:48
Upgrade
Independent Bank rating change at Keefe Bruyette »

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BHLB

Berkshire Hills Bancorp

$41.40

0.45 (1.10%)

17:47
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17:47
Downgrade
Berkshire Hills Bancorp rating change at Keefe Bruyette »

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TWX

Acquired by T

$0.00

(0.00%)

, CMCSA

Comcast

$34.30

-0.61 (-1.75%)

17:14
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07/22
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17:14
Hot Stocks
Box Office Battle: 'Equalizer 2' beats 'Mamma Mia: Here We Go Again!' »

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TWX

Acquired by T

$0.00

(0.00%)

CMCSA

Comcast

$34.30

-0.61 (-1.75%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$52.97

0.355 (0.67%)

FOX

21st Century Fox

$45.69

-0.5 (-1.08%)

FOXA

21st Century Fox

$46.01

-0.54 (-1.16%)

LGF.A

Lionsgate

$24.88

-0.08 (-0.32%)

DIS

Disney

$111.48

-0.66 (-0.59%)

VIAB

Viacom

$27.49

-0.51 (-1.82%)

VIA

Viacom

$32.10

-0.3 (-0.93%)

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BGNE

BeiGene

$169.98

5.95 (3.63%)

16:43
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Hot Stocks
BeiGene planning to pursue accelerated approval in U.S. of Zanubrutinib in WM »

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BGNE

BeiGene

$169.98

5.95 (3.63%)

16:40
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BeiGene announces preliminary topline results of Hodgkin's Lymphoma trial »

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SYNT

Syntel

$39.15

0.14 (0.36%)

16:17
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Earnings
Syntel reports preliminary Q2 EPS 49c, consensus 44c »

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SYNT

Syntel

$39.15

0.14 (0.36%)

16:13
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Syntel enters definitive agreement to be acquired by Atos S.E. »

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DDE

Dover Downs

$2.04

0.01 (0.49%)

16:11
07/22/18
07/22
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16:11
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Dover Downs to combine with Twin River Worldwide »

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TWO

Two Harbors

$15.92

-0.05 (-0.31%)

, CYS

CYS Investments

$7.57

-0.025 (-0.33%)

13:36
07/22/18
07/22
13:36
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13:36
Conference/Events
CYS Investments to host special shareholder meeting »

Special Shareholder…

TWO

Two Harbors

$15.92

-0.05 (-0.31%)

CYS

CYS Investments

$7.57

-0.025 (-0.33%)

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CYS

CYS Investments

$7.57

-0.025 (-0.33%)

, TWO

Two Harbors

$15.92

-0.05 (-0.31%)

13:34
07/22/18
07/22
13:34
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13:34
Conference/Events
Two Harbors to host special shareholder meeting »

Special Shareholder…

CYS

CYS Investments

$7.57

-0.025 (-0.33%)

TWO

Two Harbors

$15.92

-0.05 (-0.31%)

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  • 08

    Aug

JD

JD.com

$35.50

-1.37 (-3.72%)

13:28
07/22/18
07/22
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Periodicals
JD.com plans move into Europe, Reuters reports »

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AAPL

Apple

$191.29

-0.66 (-0.34%)

12:37
07/22/18
07/22
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Periodicals
China aiming to supply Apple with OLED smartphone screens, WSJ says »

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  • 31

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PZZA

Papa John's

$51.61

0.62 (1.22%)

12:30
07/22/18
07/22
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12:30
Periodicals
Papa John's board to discuss 'poison pill,' WSJ reports »

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EADSY

Airbus

$0.00

(0.00%)

, BAESY

BAE Systems

$0.00

(0.00%)

12:22
07/22/18
07/22
12:22
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12:22
Periodicals
Airbus CEO says open to jet fighter merger with BAE Systems, Reuters reports »

The chief executive of…

EADSY

Airbus

$0.00

(0.00%)

BAESY

BAE Systems

$0.00

(0.00%)

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VLKAY

Volkswagen

$0.00

(0.00%)

12:17
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Volkswagen parking cars due to new emissions testing bottlenecks, Reuters says »

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KKR

KKR

$27.26

0.21 (0.78%)

12:11
07/22/18
07/22
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12:11
Hot Stocks
KKR consortium proposes acquisition of LCY Chemical »

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  • 26

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PM

Philip Morris

$84.31

3.41 (4.22%)

, RACE

Ferrari

$139.98

-2.65 (-1.86%)

11:58
07/22/18
07/22
11:58
07/22/18
11:58
Hot Stocks
Philip Morris' non-executive board chairman to assume CEO role at Ferrari »

Philip Morris (PM) said…

PM

Philip Morris

$84.31

3.41 (4.22%)

RACE

Ferrari

$139.98

-2.65 (-1.86%)

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  • 01

    Aug

MDLZ

Mondelez

$42.46

0.21 (0.50%)

11:55
07/22/18
07/22
11:55
07/22/18
11:55
Hot Stocks
Mondelez conducts voluntary recall of certain Ritz Cracker sandwiches »

Mondelez Global announced…

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  • 25

    Jul

ACN

Accenture

$166.47

-0.47 (-0.28%)

, EADSY

Airbus

$0.00

(0.00%)

04:55
07/22/18
07/22
04:55
07/22/18
04:55
Conference/Events
Farnborough International to hold an airshow »

Farnborough International…

ACN

Accenture

$166.47

-0.47 (-0.28%)

EADSY

Airbus

$0.00

(0.00%)

ATI

Allegheny Technologies

$26.65

0.08 (0.30%)

BAESY

BAE Systems

$0.00

(0.00%)

BDRBF

Bombardier

$0.00

(0.00%)

CAE

CAE

$20.96

0.17 (0.82%)

CW

Curtiss-Wright

$125.79

-0.12 (-0.10%)

DASTY

Dassault Systemes

$0.00

(0.00%)

ESLT

Elbit Systems

$118.98

0.64 (0.54%)

LMT

Lockheed Martin

$322.76

3.09 (0.97%)

BA

Boeing

$354.92

-0.57 (-0.16%)

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FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

13:14
07/21/18
07/21
13:14
07/21/18
13:14
Hot Stocks
Fiat names Jeep head as CEO as Marchionne's health worsens »

In a statement, Fiat…

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RACE

Ferrari

$139.98

-2.65 (-1.86%)

, PM

Philip Morris

$84.31

3.41 (4.22%)

13:10
07/21/18
07/21
13:10
07/21/18
13:10
Hot Stocks
Ferrari to name former Philip Morris chairman as CEO »

The Board of Directors of…

RACE

Ferrari

$139.98

-2.65 (-1.86%)

PM

Philip Morris

$84.31

3.41 (4.22%)

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  • 01

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AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

, TM

Toyota

$131.87

0.11 (0.08%)

12:51
07/21/18
07/21
12:51
07/21/18
12:51
Periodicals
Amazon, others working to counter Trump's tariff plans, Reuters says »

Big companies in the…

AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

TM

Toyota

$131.87

0.11 (0.08%)

AA

Alcoa

$40.32

-1.36 (-3.26%)

03/08/13
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FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

12:47
07/21/18
07/21
12:47
07/21/18
12:47
Periodicals
Fiat Chrysler's Sergio Marchionne to step down, NYTimes reports »

Fiat Chrysler's…

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