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MS

Morgan Stanley

$56.72

-0.29 (-0.51%)

, ES

Eversource

$57.39

-1.43 (-2.43%)

04:55
02/28/18
02/28
04:55
02/28/18
04:55

Morgan Stanley to hold a conference

Utilities, Clean Tech and Midstream/MLP Conference will be held in New York on February 26-28.

MS

Morgan Stanley

$56.72

-0.29 (-0.51%)

ES

Eversource

$57.39

-1.43 (-2.43%)

ED

Consolidated Edison

$75.66

-1.3 (-1.69%)

WMB

Williams

$28.36

-0.05 (-0.18%)

EXEL

Exelixis

$27.11

-2.42 (-8.20%)

BPL

Buckeye Partners

$45.67

-0.41 (-0.89%)

CEQP

Crestwood Equity

$26.95

0.05 (0.19%)

CQH

Cheniere Energy Partners LP

$27.15

-0.1 (-0.37%)

ENBL

Enable Midstream

$13.99

-0.17 (-1.20%)

ENLK

EnLink Midstream Partners

$14.90

-0.25 (-1.65%)

TELL

Tellurian

$8.95

-0.24 (-2.61%)

PAG

Penske Automotive

$47.31

-0.73 (-1.52%)

PAA

Plains All American

$21.43

-0.22 (-1.02%)

OMP

Oasis Midstream Partners

$16.48

(0.00%)

NBLX

Noble Midstream

$49.87

-1.57 (-3.05%)

LNG

Cheniere Energy

$54.67

-1.6 (-2.84%)

WES

Western Gas Partners

$47.56

-0.24 (-0.50%)

WGP

Western Gas Equity

$36.90

0.2 (0.54%)

WPZ

Williams Partners

$37.02

-0.21 (-0.56%)

EQT

EQT Corporation

$51.37

-1.13 (-2.15%)

ETE

Energy Transfer Equity

$15.95

-0.39 (-2.39%)

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MS Morgan Stanley
$56.72

-0.29 (-0.51%)

01/09/18
SOCG
01/09/18
DOWNGRADE
Target $59.5
SOCG
Hold
Morgan Stanley downgraded to Hold from Buy at Societe Generale
Societe Generale analyst Andrew Lim downgraded Morgan Stanley to Hold saying the stock is now fairly priced following the recent rally. The analyst raised his price target for the shares to $59.50 from $55.
01/10/18
01/10/18
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. Wells Fargo (WFC) upgraded to Neutral from Underweight at Atlantic Equities by analyst John Heagerty, as his analysis leads him to increase his FY18 EPS view by 11% on average for the banks he covers. He also sees positive secondary effects for the banks from higher U.S. GDP growth. Heagerty raised his price target on Wells Fargo shares to $64 from $55. The analyst also upgraded Morgan Stanley (MS) to Overweight this morning, citing the same analysis of the potential benefits from tax reform. 2. Deere upgraded to Outperform from Sector Perform at RBC Capital by analyst Seth Weber, who said he is positive on the company's leadership position in North American farm machinery which is stabilizing and exposure to the earth moving equipment category. The analyst is also constructive on Deere's recent Wirten Group acquisition. 3. Target (TGT) upgraded to Positive from Neutral at Susquehanna. 4. State Street (STT) and BNY Mellon (BK) upgraded to Buy from Neutral at Citi, with analyst Keith Horowitz saying he thinks the trust banks are the best way to play the digital transformation to the cloud and finds the current valuation as attractive. 5. RBS (RBS) upgraded to Overweight from Equal Weight at Morgan Stanley. Analyst Alvaro Serrano also downgraded Barclays (BCS) and Lloyds Banking (LYG). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/18
ATLE
01/10/18
UPGRADE
Target $61
ATLE
Overweight
Morgan Stanley upgraded on tax reform benefits at Atlantic Equities
As previously reported, Atlantic Equities analyst John Heagerty upgraded Morgan Stanley (MS) to Overweight from Neutral, as his analysis leads him to increase his FY18 EPS view by 11% on average for the banks he covers. He also sees positive secondary effects for the banks from higher U.S. GDP growth. Heagerty raised his price target on Morgan Stanley shares to $61 from $48. The analyst also upgraded Wells Fargo (WFC) to Neutral from Underweight this morning, citing the same analysis of the potential benefits from tax reform.
01/10/18
ATLE
01/10/18
UPGRADE
ATLE
Overweight
Morgan Stanley upgraded to Overweight from Neutral at Atlantic Equities
ES Eversource
$57.39

-1.43 (-2.43%)

02/13/18
MSCO
02/13/18
DOWNGRADE
MSCO
Equal Weight
Eversource downgraded to Equal Weight from Overweight at Morgan Stanley
02/13/18
02/13/18
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. Weatherford (WFT) downgraded to Equal Weight from Overweight at Barclays with analyst J. David Anderson saying there is only so much new CEO Mark McCollum can do given the company's $7.1B of net debt and the "low hanging cost opportunities already picked" in the third year of a "turnaround." 2. BP (BP) downgraded to Equal Weight from Overweight at Morgan Stanley. 3. Eversource (ES) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Stephen Byrd citing a New Hampshire state committee denial of the company's Northern Pass Transmission project. 4. AvalonBay (AVB) downgraded to Neutral on relative market growth at BofA/Merrill with analyst Juan Sanabria saying AvalonBay's core has been disappointing versus peers and sees risks around developments in the current supply environment, specifically in New York City. 5. Validus (VR) downgraded to Neutral from Buy at Buckingham. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/26/18
WELS
02/26/18
NO CHANGE
Target $65
WELS
Outperform
Eversource price target lowered to $65 from $72 at Wells Fargo
Wells Fargo analyst Neil Kalton lowered his price target for Eversource to $65 from $72 to reflect a combination of the lower EPS outlook and lower peer group multiples. The analyst reiterates an Outperform rating on the shares.
02/13/18
02/13/18
DOWNGRADE
Target $60

Equal Weight
Eversource downgraded after Northern Pass denial at Morgan Stanley
As previously reported, Morgan Stanley analyst Stephen Byrd downgraded Eversource Energy to Equal Weight from Overweight after a New Hampshire state committee denied the company's Northern Pass Transmission project. Northern Pass represented about 8% of 2020 EPS, by his estimate, and the company's growth outlook is now much less certain, said Byrd, who lowered his price target on Eversource shares to $60 from $63.
ED Consolidated Edison
$75.66

-1.3 (-1.69%)

02/02/18
UBSW
02/02/18
INITIATION
Target $80
UBSW
Neutral
Consolidated Edison initiated with a Neutral at UBS
UBS analyst Daniel Ford started Consolidated Edison with a Neutral rating and $80 price target.
01/12/18
01/12/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Mosaic (MOS) reinstated with a Neutral at JPMorgan. 2. Vantiv (VNTV) initiated with an Overweight at Stephens. 3. Copa Holdings (CPA) initiated with a Buy at BofA/Merrill. 4. Edison International (EIX) was initiated with a Neutral and Consolidated Edison (ED) was initiated with an Underweight at JPMorgan. 5. New Relic (NEWR) initiated with a Market Perform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/17
EVER
09/26/17
DOWNGRADE
EVER
Underperform
Consolidated Edison downgraded to Underperform from In Line at Evercore ISI
Evercore ISI analyst Greg Gordon downgraded Consolidated Edison to Underperform and maintained a $74 price target. The analyst believes regulated utilities look fully valued given interest rate implications and potential for tax reform and said Consolidated Edison has an unattractive total return profile.
01/12/18
JPMS
01/12/18
INITIATION
Target $78
JPMS
Underweight
Consolidated Edison initiated with an Underweight at JPMorgan
JPMorgan analyst Christopher Turnure started Consolidated Edison with an Underweight rating and $78 price target. The company's growth profile in 2019 is "mildly less visible" than large regulated peers due to the lack of a 2020 rate plan or rate base growth guidance and the impact of its renewables and midstream businesses, Turnure tells investors in a research note. He believes investors are paying a premium valuation for a company with average growth.
WMB Williams
$28.36

-0.05 (-0.18%)

01/09/18
BOFA
01/09/18
INITIATION
Target $35
BOFA
Buy
Williams reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Dennis Coleman reinstated coverage on Williams with a Buy and $35 price target.
01/11/18
01/11/18
UPGRADE

Overweight
TransCanada upgraded on defensive positioning, valuation at Morgan Stanley
As previously reported, Morgan Stanley analyst Tom Abrams upgraded TransCanada (TRP) to Overweight from Equal Weight as he believes Midstream valuations are now more defensibly attractive and he prefers the companies in the space with some defensive characteristics. He also has Overweight ratings on Williams (WMB), Williams Partners (WPZ), Enterprise Products (EPD) and Kinder Morgan (KMI).
01/17/18
LEHM
01/17/18
DOWNGRADE
Target $35
LEHM
Equal Weight
Williams downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Christine Cho downgraded Williams to Equal Weight and lowered her price target for the shares to $35 from $36. The analyst realigned her ratings in the space to favor commodity and volume exposure.
01/04/18
FBCO
01/04/18
INITIATION
FBCO
Outperform
Williams initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kristina Kazarlan initiated Williams with an Outperform rating and a price target of $36, citing the company's natural gas strategy along the Eastern seaboard.
EXEL Exelixis
$27.11

-2.42 (-8.20%)

02/27/18
OPCO
02/27/18
UPGRADE
OPCO
Outperform
Exelixis upgraded to Outperform from Perform at Oppenheimer
02/27/18
02/27/18
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. Stryker (SYK) upgraded to Neutral from Sell at Citi by analyst Amit Hazan, who believes supply issues at Zimmer Biomet (ZBH) could drive share gains for Stryker. 2. Chipotle (CMG) upgraded to Outperform from Neutral at Baird by analyst David Tarantino, who cited its new CEO and the potential for the company to demonstrate better sales/traffic momentum over the next 12-24 months. He believes it will support investor sentiment given the opportunity for the company to deliver strong earnings power if unit volumes begin to recover. 3. Itron (ITRI) upgraded to Buy from Hold at Cannacord Genuity by analyst Chip Moore, who said he has increased conviction in the company's forward earnings power and finds current share levels a "very compelling" entry point. He notes the stock is down 10% since the SilverSpring Networks deal announcement back in September. Moore's views the combination as compelling and has increased confidence in cost saving potential post close. 4. Winnebago (WGO) upgraded to Outperform from Market Perform at BMO Capital by analyst Gerrick Johnson, who said that the RV market growth -- currently in its 9th year -- will continue at a 10% pace, adding that the company's growth can outgain the competition because of its "operating improvement, enhanced product offering, and emerging trade-up cycle from first time buyers." The analyst also noted that Winnebago will benefit from lower corporate taxes while its stock trades at "significant" valuation discount. 5. Exelixis (EXEL) upgraded to Outperform from Perform at Oppenheimer by analyst Leah Rush Cann. The analyst is now applying a valuation methodology for profitable companies to Exelixis, since the company turned profitable for the full-year 2017. She expects Exelixis will continue to develop its commercial drugs, Cabometyx and Cometriq, while its partner Genentech (RHHBY) will continue to develop Cotellic. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/27/18
OPCO
02/27/18
UPGRADE
Target $40
OPCO
Outperform
Exelixis upgraded to Outperform with $40 target at Oppenheimer
Oppenheimer analyst Leah Rush Cann upgraded Exelixis to Outperform from Perform with a $40 price target. The analyst is now applying a valuation methodology for profitable companies to Exelixis, since the company turned profitable for the full-year 2017. She expects Exelixis will continue to develop its commercial drugs, Cabometyx and Cometriq, while its partner Genentech will continue to develop Cotellic. Cann views the company's Q4 results as "strong."
01/04/18
PIPR
01/04/18
NO CHANGE
Target $37
PIPR
Overweight
Piper ups Exelixis target to $37, names a top pick for 2018
Piper Jaffray analyst Edward Tenthoff names Exelixis a top pick for 2018 and raised his price target for the shares to $37 from $33. The analyst expects Cabometyx growth from driven label expansion and is positive into the Phase III Cotexo data in the first half of 2018.
BPL Buckeye Partners
$45.67

-0.41 (-0.89%)

01/09/18
BOFA
01/09/18
INITIATION
Target $55
BOFA
Neutral
Buckeye Partners reinstated with a Neutral at BofA/Merrill
BofA/Merrill analyst Dennis Coleman reinstated coverage on Buckeye Partners with a Neutral and $55 price target.
02/02/18
SBSH
02/02/18
NO CHANGE
SBSH
Citi downgrades both NuStar Energy, NuStar GP on valuation
Citi analyst Faisel Khan earlier today downgraded both NuStar Energy (NS) and NuStar GP Holdings (NSH) to Neutral from Buy on valuation. The analyst keeps a $33 price target for NuStar Energy and $17 price target for NuStar GP. He believes Plains All American (PAA), Plains GP Holdings (PAGP) and Buckeye Partners (BPL) provide more upside at current valuation levels with exposure to the Port of Corpus Christi. Khan also raised his price target for Buy-rated Cheniere Energy (LNG) to $67 from $59 to incorporate Train 3.
01/04/18
FBCO
01/04/18
INITIATION
Target $42
FBCO
Underperform
Buckeye Partners initiated with an Underperform at Credit Suisse
Credit Suisse analyst Kristina Kazarlan initiated Buckeye Partners with an Underperform rating and a price target of $42. The analyst says the company's strong position in key demand hubs depend on solid execution and tighter capital discipline, adding there are more downside risks than upside.
01/04/18
USCA
01/04/18
DOWNGRADE
USCA
Overeight
Buckeye Partners downgraded to Overeight from Buy at US Capital Advisors
CEQP Crestwood Equity
$26.95

0.05 (0.19%)

01/11/18
WELS
01/11/18
UPGRADE
Target $32
WELS
Outperform
Crestwood Equity upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Michael Blum upgraded Crestwood Equity to Outperform and raised his price target for the shares to $32 from $28. The company has taken several positive steps to improve its long-term positioning, including reducing the distribution, joint venturing assets and reducing leverage, Blum tells investors in a research note.
01/26/18
SOCO
01/26/18
UPGRADE
SOCO
Overweight
Crestwood Equity upgraded to Overweight from Equalweight at Capital One
Capital One upgraded Crestwood Equity to Overweight and raised its price target to $32 from $28 due to improving balance sheet leverage and generating growth through organic development projects. The firm expects tailwinds from volume growth in the Bakken and Permian, as well as from development projects, will continue in 2018.
01/17/18
LEHM
01/17/18
UPGRADE
Target $30
LEHM
Equal Weight
Crestwood Equity upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Christine Cho upgraded Crestwood Equity Partners to Equal Weight and raised her price target for the shares to $30 from $25. The analyst realigned her ratings in the space to favor commodity and volume exposure.
12/04/17
UBSW
12/04/17
UPGRADE
Target $27
UBSW
Buy
Crestwood Equity upgraded to Buy from Neutral at UBS
UBS analyst Shneur Gershuni upgraded Crestwood Equity Partners LP to Buy with an increased price target of $27. The analyst believes execution in 2017 positions the company for growth in 2018 and 2019. Gershuni expects EBITDA growth to be driven by the Stagecoach joint venture as well as by Permian and Bakken growth project.
CQH Cheniere Energy Partners LP
$27.15

-0.1 (-0.37%)

07/18/17
LEHM
07/18/17
DOWNGRADE
LEHM
Equal Weight
Cheniere Energy Partners LP downgraded to Equal Weight from Overweight at Barclays
06/13/17
MSCO
06/13/17
DOWNGRADE
Target $22
MSCO
Equal Weight
Cheniere Energy Partners LP downgraded to Equal Weight at Morgan Stanley
Morgan Stanley analyst Fotis Giannakoulis downgraded Cheniere Energy Partners LP (CQH) to Equal Weight from Overweight and raised its price target to $22 from $21 following the downgrade of parent Cheniere Energy (LNG).
09/25/17
BMOC
09/25/17
INITIATION
BMOC
Market Perform
Cheniere Energy Partners LP initiated with a Market Perform at BMO Capital
01/04/18
USCA
01/04/18
DOWNGRADE
USCA
Hold
Cheniere Energy Partners downgraded to Hold from Overeight at US Capital Advisors
ENBL Enable Midstream
$13.99

-0.17 (-1.20%)

01/09/18
BOFA
01/09/18
INITIATION
Target $18
BOFA
Buy
Enable Midstream reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Dennis Coleman reinstated coverage on Enable Midstream with a Buy and $18 price target.
11/21/17
JPMS
11/21/17
DOWNGRADE
JPMS
Neutral
Enable Midstream downgraded to Neutral from Overweight at JPMorgan
10/20/17
TUDR
10/20/17
DOWNGRADE
TUDR
Hold
Enable Midstream downgraded to Hold from Buy at Tudor Pickering
11/17/17
GSCO
11/17/17
INITIATION
Target $17
GSCO
Neutral
Enable Midstream assumed with a Neutral at Goldman Sachs
Goldman analyst Michaela Weber assumed coverage on Enable Midstream with a Neutral and a $17 price target due to lack of visibility on producer plans.
ENLK EnLink Midstream Partners
$14.90

-0.25 (-1.65%)

02/27/18
BARD
02/27/18
DOWNGRADE
Target $16
BARD
Neutral
EnLink Midstream Partners downgraded to Neutral at Baird
As reported previously, Baird analyst Ethan Bellamy downgraded EnLink Midstream to Neutral from Outperform. The analyst cited the restructuring of MLP companies and the GP valuations reflecting the restructuring uncertainty. Bellamy lowered his price target on EnLink Midstream to $16 from $20.
02/27/18
BARD
02/27/18
DOWNGRADE
BARD
Neutral
EnLink Midstream Partners downgraded to Neutral from Outperform at Baird
01/09/18
BOFA
01/09/18
INITIATION
Target $18
BOFA
Buy
EnLink Midstream Partners reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Dennis Coleman reinstated coverage on Enable Midstream Partners with a Buy and $18 price target.
01/04/18
FBCO
01/04/18
INITIATION
Target $16
FBCO
Neutral
EnLink Midstream Partners initiated with a Neutral at Credit Suisse
Credit Suisse analyst Kristina Kazarlan initiated EnLink Midstream Partners with a Neutral rating and a price target of $16. The analyst says the MLP is among the most diversified names in the set, but remains concerned with the large Barnett footprint and the coverage recovery.
TELL Tellurian
$8.95

-0.24 (-2.61%)

12/14/17
GHSC
12/14/17
INITIATION
Target $14
GHSC
Buy
Tellurian initiated with a Buy at Seaport Global
Seaport Global analyst Sunil Sibal initiated Tellurian with a Buy and $14 price target. Sibal said Tellurian has unique approach to financing and building new LNG liquefaction and export capability in North America has a high likelihood of success as international LNG buyers start looking to source US shale plays.
01/04/18
STFL
01/04/18
INITIATION
Target $16
STFL
Buy
Tellurian initiated with a Buy at Stifel
Stifel analyst Benjamin Nolan started Tellurian with a Buy rating and $16 price target. The analyst believes the company's strategy of selling portions of its Driftwood project to prospective gas buyers rather than leasing capacity under a tolling arrangement "dramatically" improves the odds of success.
11/17/17
COWN
11/17/17
INITIATION
Target $13.5
COWN
Outperform
Tellurian initiated with an Outperform at Cowen
Cowen analyst Sam Margolin started Tellurian with an Outperform rating and $13.50 price target. The analyst views the company as a "ground floor" Liquefied Natural Gas opportunity and sees the FERC decision as a likely positive catalyst.
PAG Penske Automotive
$47.31

-0.73 (-1.52%)

04/27/17
GABE
04/27/17
UPGRADE
GABE
Buy
Penske Automotive upgraded to Buy from Hold at Gabelli
Gabelli analyst Brian Sponheimer upgraded Penske Automotive to Buy with a $68 PMV estimate following the Q1 report citing a consistently disciplined approach to auto dealer profitability, accretive transactions, and improved Commercial Vehicle and Power Systems performance.
10/04/17
BREN
10/04/17
INITIATION
Target $52
BREN
Hold
Penske Automotive initiated with a Hold at Berenberg
Berenberg analyst Andrew Fung initiated Penske Automotive with a Hold and $52 price target citing valuation and macro uncertainty in some key markets.
09/28/17
NRCS
09/28/17
INITIATION
Target $56
NRCS
Buy
Penske Automotive initiated with a Buy at Northcoast
Northcoast analyst John Healy initiated Penske Automotive with a Buy and $56 price target.
03/20/17
03/20/17
NO CHANGE

Susquehanna cautious on auto dealers due to falling profits
Susquehanna analyst Ali Faghri said he was cautious on the auto dealers citing weak Q4 financial results as gross profits deteriorated, inventory levels have become elevated, and used car price declines are accelerating. Faghri favors Penske Automotive (PAG) and KarMax (KMX) due to their diverse business model but he sees a downside bias to Autonation (AN), Lithia Motors (LAD), and Group 1 Automotive. (GPI).
PAA Plains All American
$21.43

-0.22 (-1.02%)

02/08/18
GHSC
02/08/18
UPGRADE
Target $25
GHSC
Buy
Plains All American upgraded to Buy from Neutral at Seaport Global
Seaport analyst Bernie Colson upgraded Plains All American to BUy and raised its price target to $25 from $23 following the Q4 report and guidance. Colson believes 2017 could mark a trough as oil prices have increased, improving Plains business health. The analyst is confident the company can execute on its 2018 deleveraging plan and is likely to have continued excess cash flow that can be used to reduce debt.
02/13/18
MSCO
02/13/18
UPGRADE
MSCO
Overweight
Plains All American upgraded to Overweight from Equal Weight at Morgan Stanley
02/13/18
02/13/18
UPGRADE
Target $26

Overweight
Plains All American, Plains GP upgraded to Overweight at Morgan Stanley
As previously reported, Morgan Stanley analyst Tom Abrams upgraded Plains All American (PAA) and tracking stock Plains GP Holdings (PAGP), each to Overweight from Equal Weight. Having twice lowered its distribution, Plains is now in a strong position to reduce debt, said Abrams. After the company's Q4 report, the analyst also has greater confidence in funding and its volume trajectory, he tells investors. Abrams raised his price target on Plains All American shares to $26 from $25.
OMP Oasis Midstream Partners
$16.48

(0.00%)

10/16/17
MSCO
10/16/17
INITIATION
Target $22
MSCO
Overweight
Oasis Midstream Partners initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Tom Abrams initiated Oasis Midstream Partners with an Overweight rating and $22 price target, saying he sees the units as attractively valued given his expectation for 25% DCF/unit growth through 2020.
10/16/17
10/16/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX) initiated with a Hold at Aegis. 2. Best Inc. (BSTI) was initiated with a Buy at Deutsche Bank, Stifel, and Goldman Sachs, an Outperform at Credit Suisse, as well as an Overweight at KeyBanc. 3. Oasis Midstream Partners (OMP) was initiated with an Overweight at Morgan Stanley and JPMorgan, an Outperform at RBC Capital, a Buy at Citi and Goldman Sachs, as well as a Market Perform at Wells Fargo. 4. Zai Lab (ZLAB) was initiated with a Buy at Citi and a Neutral at JPMorgan. 5. Despegar.com (DESP) was initiated with a Neutral at UBS, an Overweight at KeyBanc, an Equal Weight at Morgan Stanley, and a Neutral at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/24/17
JRCO
10/24/17
INITIATION
JRCO
Buy
Oasis Midstream Partners initiated with a Buy at Johnson Rice
Johnson Rice analyst Georg Venturatos initiated Oasis Midstream Partners (OMP) with a Buy saying it offers attractive, visible growth, supported by a sizeable backlog of drop-down opportunities and organic growth through Oasis Petroleum (OAS) activity.
01/04/18
FBCO
01/04/18
INITIATION
FBCO
Neutral
Oasis Midstream Partners initiated with a Neutral at Credit Suisse
Credit Suisse analyst Kristina Kazarlan initiated Oasis Midstream Partners with a Neutral rating and a price target of $19. Kazarlan said this small-cap MLP with fewer immediate catalysts is fairly valued.
NBLX Noble Midstream
$49.87

-1.57 (-3.05%)

09/25/17
MUFG
09/25/17
NO CHANGE
MUFG
Noble Midstream guidance increase prompts MUFG to raise estimates
MUFG analyst Barrett Blaschke maintained his Overweight rating and $58 price target on Noble Midstream, but raised his FY17 and FY18 earnings estimates after Noble Midstream Partners raised its guidance.
07/10/17
MZHO
07/10/17
DOWNGRADE
MZHO
Neutral
Noble Midstream downgraded to Neutral from Buy at Mizuho
10/10/17
GHSC
10/10/17
INITIATION
Target $60
GHSC
Buy
Noble Midstream initiated with a Buy at Seaport Global
Seaport Global analyst Bernie Colson initiated Noble Midstream with a Buy and $60 price target.
01/04/18
FBCO
01/04/18
INITIATION
Target $61
FBCO
Outperform
Noble Midstream initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kristina Kazarlan initiated Noble Midstream with an Outperform rating and a price target of $61, citing benefits from its sponsor focus on "two of the best U.S. liquids plays - Denver-Julesburg and Delaware basins".
LNG Cheniere Energy
$54.67

-1.6 (-2.84%)

01/04/18
STFL
01/04/18
INITIATION
Target $65
STFL
Buy
Cheniere Energy initiated with a Buy at Stifel
Stifel analyst Benjamin Nolan started Cheniere Energy with a Buy rating and $65 price target. The analyst believes the company can generate at least $6 per share in distributable cash flow when the full development of seven trains is online in 2020.
11/17/17
COWN
11/17/17
INITIATION
Target $56
COWN
Market Perform
Cheniere Energy initiated with a Market Perform at Cowen
Cowen analyst Sam Margolin started Cheniere Energy with a Market Perform rating and $56 price target. The analyst sees more upside in companies with projects yet to gain FERC approval.
09/26/17
BMOC
09/26/17
INITIATION
BMOC
Outperform
Cheniere Energy initiated at BMO Capital
As noted earlier, BMO Capital started coverage of Cheniere Energy with an Outperform rating and a $60 price target. Analyst Danilo Juvane estimates that the company will generate $6-$7 per share of discounted cash flow starting in 2021, "easily supporting a 10% long-term annual dividend growth rate," according to the analyst. Juvane also expects the company to benefit from what he calls its "streamlined cost structure" and "strong" global LNG demand.
WES Western Gas Partners
$47.56

-0.24 (-0.50%)

10/26/17
10/26/17
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. Regal Entertainment (RGC) upgraded to Outperform from Sector Perform at RBC Capital with analyst Leo Kulp saying he views the current valuation, at seven times this 2018 estimate, as "compelling." 2. Buffalo Wild Wings (BWLD) upgraded to Buy from Neutral at Dougherty with analyst Jeremy Hamblin saying expectations for a recovery remain low but sees margin improvement as a critical component to future success and views share risk/reward as favorable. 3. Western Gas Partners (WES) upgraded to Buy from Hold at Stifel with analyst Selman Akyol noting its transactions to strengthen its capital structure and citing his expectations for strong growth into 2018 and beyond. 4. Crane (CR) upgraded to Buy from Neutral at Seaport Global with analyst Wait Liptak citing improving sector growth rates as evidenced new orders and backlog trends. 5. Lear (LEA) upgraded to Outperform from Sector Perform at RBC Capital with analyst Joseph Spak saying third quarter results should give greater confidence into the resiliency of the company's margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/18
BOFA
01/09/18
INITIATION
Target $54
BOFA
Neutral
Western Gas Partners reinstated with a Neutral at BofA/Merrill
BofA/Merrill analyst Dennis Coleman reinstated coverage on Western Gas Partners with a Neutral and $54 price target.
01/04/18
FBCO
01/04/18
INITIATION
FBCO
Neutral
Western Gas Partners initiated with a Neutral at Credit Suisse
Credit Suisse analyst Kristina Kazarlan initiated Western Gas Partners (WES) with a Neutral rating and a price target of $49, citing the company's "strong footprint in the core of the DJ Basin and the Delaware," as well as their "sponsor," Anadarko (APC).
01/17/18
LEHM
01/17/18
DOWNGRADE
Target $54
LEHM
Equal Weight
Western Gas Partners downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Christine Cho downgraded Western Gas Partners to Equal Weight and lowered her price target for the shares to $54 from $62. The analyst realigned her ratings in the space to favor commodity and volume exposure.
WGP Western Gas Equity
$36.90

0.2 (0.54%)

01/04/18
FBCO
01/04/18
INITIATION
FBCO
Outperform
Western Gas Equity initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kristina Kazarlan initiated Western Gas (WGP) with an Outperform rating and a price target of $49, citing the company's "strong footprint in the core of the DJ Basin and the Delaware," as well as their "sponsor," Anadarko (APC).
01/09/18
BOFA
01/09/18
INITIATION
Target $42
BOFA
Neutral
Western Gas Equity reinstated with a Neutral at BofA/Merrill
BofA/Merrill analyst Dennis Coleman reinstated coverage on Western Gas Equity with a Neutral and $42 price target.
01/03/18
UBSW
01/03/18
UPGRADE
Target $44
UBSW
Buy
Western Gas Equity upgraded to Buy from Neutral at UBS
UBS analyst Shneur Gershuni upgraded Western Gas Equity Partners to Buy with an unchanged price target of $44. The analyst views the current valuation as attractive and sees no need for the company to issue equity in 2018 to fund growth. He views Western Gas Equity's distribution growth as above average.
01/17/18
LEHM
01/17/18
DOWNGRADE
Target $45
LEHM
Equal Weight
Western Gas Equity downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Christine Cho downgraded Western Gas Equity Partners to Equal Weight and lowered her price target for the shares to $45 from $51. The analyst realigned her ratings in the space to favor commodity and volume exposure.
WPZ Williams Partners
$37.02

-0.21 (-0.56%)

01/04/18
USCA
01/04/18
UPGRADE
USCA
Buy
Williams Partners upgraded to Buy from Hold at US Capital Advisors
01/04/18
FBCO
01/04/18
INITIATION
FBCO
Outperform
Williams Partners initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kristina Kazarlan initiated Williams Partners with an Outperform rating and a price target of $48, citing the company's natural gas strategy along the Eastern seaboard.
01/17/18
LEHM
01/17/18
DOWNGRADE
Target $45
LEHM
Equal Weight
Williams Partners downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Christine Cho downgraded Williams Partners to Equal Weight and lowered her price target for the shares to $45 from $47. The analyst realigned her ratings in the space to favor commodity and volume exposure.
EQT EQT Corporation
$51.37

-1.13 (-2.15%)

02/14/18
WOLF
02/14/18
UPGRADE
WOLF
Outperform
EQT Corporation upgraded to Outperform from Peer Perform at Wolfe Research
02/12/18
RBCM
02/12/18
UPGRADE
Target $77
RBCM
Outperform
EQT Corporation upgraded to Outperform at RBC Capital on valuation
As reported earlier, RBC Capital analyst Scott Hanold upgraded EQT Corp to Outperform from Sector Perform with a $77 price target. Hanold points to a "meaningful valuation disconnect" becoming apparent in the event of "sum-of-the-parts" outcome, estimating $13-$15 in "trapped value" within the current structure. The analyst adds that a "re-rating should occur through the separation process over the next 12 months".
02/12/18
RBCM
02/12/18
UPGRADE
RBCM
Outperform
EQT Corporation upgraded to Outperform from Sector Perform at RBC Capital
02/15/18
02/15/18
NO CHANGE

EQT Corporation reports Q4 non-GAAP EPS 76c, consensus 24c
Reports Q4 revenue $1.3B, consensus $958.79M.
ETE Energy Transfer Equity
$15.95

-0.39 (-2.39%)

01/09/18
BOFA
01/09/18
INITIATION
Target $18
BOFA
Neutral
Energy Transfer Equity reinstated with a Neutral at BofA/Merrill
BofA/Merrill analyst Dennis Coleman reinstated coverage on Energy Transfer Equity with a Neutral and $18 price target.
12/18/17
WOLF
12/18/17
UPGRADE
WOLF
Outperform
Energy Transfer Equity upgraded to Outperform from Peer Perform at Wolfe Research
10/17/17
10/17/17
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. Biogen (BIIB) upgraded to Buy from Neutral at Mizuho with analyst Thomas Shrader saying he likes what he sees at Biogen again. 2. Prudential (PRU) upgraded to Buy from Neutral at Citi with analyst Suneet Kamath saying Prudential's current valuation does not give the company enough credit for the quality of its business mix. 3. Chevron (CVX) upgraded to Outperform from Neutral at Macquarie with analyst Iain Reid saying cost reduction efforts and new production volumes driving outstanding free cash generation, which should cover capex and the dividend at an oil price below $40/bbl from 2018 onward. 4. Energy Transfer Equity (ETE) upgraded to Buy from Neutral at Goldman Sachs with analyst Theodore Durbin saying he expects Energy Transfer Equity's above average distribution growth to be driven by an improving free cash flow profile. 5. Emerson (EMR) was upgraded to Outperform from Market Perform at Cowen and to Buy from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/18
FBCO
01/04/18
INITIATION
Target $23
FBCO
Outperform
Energy Transfer Equity initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kristina Kazarlan initiated Energy Transfer Equity with an Outperform rating and a price target of $23. The analyst notes that the MLP "has a solid footprint across many of the major US basins plus several major projects that have either just come online or are coming online".

TODAY'S FREE FLY STORIES

COP

ConocoPhillips

$70.59

-1.425 (-1.98%)

20:13
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  • 26

    Jul

FSUMY

Fortescue Metal

$0.00

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PEP

PepsiCo

$112.95

0.23 (0.20%)

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$32.75

-0.84 (-2.50%)

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PepsiCo

$112.95

0.23 (0.20%)

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Dish

$32.75

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

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Caterpillar

$138.06

-2.68 (-1.90%)

20:00
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Manitowoc, Caterpillar, Deere, Generac rating change  »

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

CAT

Caterpillar

$138.06

-2.68 (-1.90%)

DE

Deere

$136.19

-1.41 (-1.02%)

GNRC

Generac

$52.40

-0.585 (-1.10%)

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CZR

Caesars

$11.63

0.075 (0.65%)

19:33
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Caesars breaks ground on $375M Caesars Forum in Las Vegas »

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19:25
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Conference/Events
Morgan Stanley telecom analyst to hold an analyst/industry conference call »

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CAAP

Corporacion America Airport

$9.87

0.08 (0.82%)

19:11
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07/16
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19:11
Hot Stocks
Corporacion America Airport reports June passenger traffic up 5.8% »

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

19:08
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07/16
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19:08
Hot Stocks
Rio Tinto announces Q2 Pilbara iron ore production 88.5Mt, up 14% from last year »

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  • 10

    Sep

CDMO

Avid Bioservices

$4.46

-0.19 (-4.09%)

, IGT

International Game

$24.39

-0.5 (-2.01%)

19:06
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07/16
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19:06
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: Avid…

CDMO

Avid Bioservices

$4.46

-0.19 (-4.09%)

IGT

International Game

$24.39

-0.5 (-2.01%)

BGS

B&G Foods

$29.80

-0.2 (-0.67%)

AG

First Majestic

$7.44

-0.265 (-3.44%)

NFLX

Netflix

$400.24

4.32 (1.09%)

ROKU

Roku

$48.27

-0.52 (-1.07%)

AVEO

Aveo Pharmaceuticals

$2.85

-0.055 (-1.90%)

EOLS

Evolus

$25.08

-1.12 (-4.27%)

TRQ

Turquoise Hill

$2.94

0.11 (3.89%)

CARB

Carbonite

$38.40

-0.1 (-0.26%)

RDFN

Redfin

$23.99

0.46 (1.96%)

NAKD

Naked Brand Group

$4.95

-0.15 (-2.94%)

MTW

Manitowoc

$26.99

-0.52 (-1.89%)

AMZN

Amazon.com

$1,822.02

9.02 (0.50%)

03/08/13
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  • 16

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  • 19

    Jul

T

AT&T

$31.90

0.24 (0.76%)

18:58
07/16/18
07/16
18:58
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18:58
Hot Stocks
Warner Bros.' 'Aquaman' film out in theaters December 21 »

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  • 24

    Jul

  • 09

    Aug

SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

, TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

18:57
07/16/18
07/16
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18:57
Hot Stocks
Sinclair Broadcast 'shocked and disappointed' by FCC Chairman Pai's statement »

Sinclair Broadcast Group…

SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

03/08/13
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03/08/13
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03/06/13
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  • 08

    Aug

  • 06

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DE

Deere

$136.19

-1.41 (-1.02%)

18:49
07/16/18
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18:49
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Deere rating change  »

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CAT

Caterpillar

$138.06

-2.68 (-1.90%)

18:49
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  • 30

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

18:48
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  • 10

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NFLX

Netflix

$400.24

4.32 (1.09%)

18:41
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Breaking Hot Stocks news story on Netflix »

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  • 16

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NFLX

Netflix

$400.24

4.32 (1.09%)

18:39
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Breaking Hot Stocks news story on Netflix »

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  • 16

    Jul

IBM

IBM

$145.43

-0.48 (-0.33%)

, GRPN

Groupon

$4.70

0.025 (0.53%)

18:32
07/16/18
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07/16/18
18:32
Periodicals
IBM seeks $166.5M in damages from Groupon in patent lawsuit, Bloomberg says »

IBM (IBM) is requesting…

IBM

IBM

$145.43

-0.48 (-0.33%)

GRPN

Groupon

$4.70

0.025 (0.53%)

03/08/13
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  • 18

    Jul

LGF.A

Lionsgate

$25.33

-0.58 (-2.24%)

, LGF.B

Lionsgate

$23.85

-0.69 (-2.81%)

18:30
07/16/18
07/16
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18:30
Hot Stocks
Lionsgate announces Dr. John Malone, Scott Paterson to retire from board »

On July 11, Dr. John…

LGF.A

Lionsgate

$25.33

-0.58 (-2.24%)

LGF.B

Lionsgate

$23.85

-0.69 (-2.81%)

03/08/13
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  • 09

    Aug

GNRC

Generac

$52.40

-0.585 (-1.10%)

18:30
07/16/18
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18:30
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Generac rating change  »

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

18:29
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NFLX

Netflix

$400.24

4.32 (1.09%)

18:27
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Breaking Hot Stocks news story on Netflix »

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  • 16

    Jul

NFLX

Netflix

$400.24

4.32 (1.09%)

18:25
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18:25
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Netflix says far from reaching a limit on pricing in India »

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  • 16

    Jul

FCPT

Four Corners Property Trust

$24.83

-0.06 (-0.24%)

18:24
07/16/18
07/16
18:24
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18:24
Hot Stocks
Four Corners Property Trust acquires Buffalo Wild Wings restaurant for $3.6M »

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ASOMY

Asos

$0.00

(0.00%)

18:14
07/16/18
07/16
18:14
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18:14
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Asos upgraded to Buy from…

03/08/13
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NFLX

Netflix

$400.24

4.32 (1.09%)

18:11
07/16/18
07/16
18:11
07/16/18
18:11
Hot Stocks
Breaking Hot Stocks news story on Netflix »

Netflix says adoption of…

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  • 16

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