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INTC

Intel

$49.11

1.38 (2.89%)

, MU

Micron

$47.98

1.45 (3.12%)

08:11
02/27/18
02/27
08:11
02/27/18
08:11

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.

INTC

Intel

$49.11

1.38 (2.89%)

MU

Micron

$47.98

1.45 (3.12%)

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INTC Intel
$49.11

1.38 (2.89%)

02/12/18
SBSH
02/12/18
NO CHANGE
Target $58
SBSH
Buy
Citi sees negative datapoint for Intel, but keeps Buy rating
January notebook shipments decreased 27% month-over-month, below normal seasonality of down 22%, due to inventory digestion, Citi analyst Christopher Danely tells investors in a research note. He views this as a negative datapoint for Intel and the Semiconductor sector given the strength in the PC end market during 2017. The analyst notes that despite the poor January, his firm's Taiwan hardware analyst Carrie Liu expects Q1 shipments to decline 17% quarter-over-quarter, in line with seasonality. Danely keeps a Buy rating on Intel with a $58 price target.
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.
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.
02/26/18
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.
MU Micron
$47.98

1.45 (3.12%)

02/06/18
02/06/18
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. Barclays analyst Paul Cheng upgraded Chevron (CVX) to Overweight from Equal Weight and raised his price target for the shares to $135 from $130. The analyst recommends investors shift to Chevron from Exxon Mobil (XOM), a stock he double downgraded this morning to Underweight. Chevron's fundamentals are improving at a faster pace than many of the other mega majors, Cheng said. 2. Micron (MU) upgraded to Overweight from Sector Weight at KeyBanc by analyst Weston Twigg. Following the company's positive preannouncement amid "strong" DRAM pricing, the valuation and long-term trends "are too compelling to ignore," Twigg said. Micron was also upgraded to Strong Buy from Buy at Needham. 3. Skyworks (SWKS) upgraded to Outperform from Market Perform at BMO Capital by analyst Ambrish Srivastava, who cited the company's "ability to sustain a higher level of free cash flows to sales ratio than in the past and its commitment to higher capital allocation." Skyworks was also upgraded to Buy from Hold at Summit Insights. 4. HSBC (HSBC) upgraded to Hold from Sell at Santander. 5. RBS (RBS) upgraded to Neutral from Underperform at BofA/Merrill by analyst Michael Helsby, who said the rise in rates has led to a steeper yield curve in the U.K. which should result in higher earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/06/18
02/06/18
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. Radware (RDWR) downgraded to In-Line from Outperform at Imperial Capital by analyst Michael Kim, who reduced his estimates to reflect elevated uncertainty in the timing and magnitude of purchase orders, particularly from Tier 1 carriers. He sees limited downside from current share levels, however. 2. Micron (MU) downgraded to Hold from Buy at Summit Insights. Micron was upgraded to Strong Buy at Needham and to Overweight from Sector Weight at KeyBanc. 3. Exxon Mobil (XOM) downgraded to Underweight from Overweight at Barclays by analyst Paul Cheng, who recommended investors shift from Exxon Mobil to Chevron (CVX), a stock he upgraded this morning to Overweight. Exxon may not be able to maintain its historical valuation premium, Cheng tells investors in a research note. He thinks the company's valuation still reflects "rich historical norms," while the upstream's underlying fundamentals "appear to have suffered a structural deterioration." 4. Cirrus Logic (CRUS) downgraded to Hold from Buy Needham. 5. Catalent (CTLT) downgraded to Equal Weight from Overweight at Stephens by analyst Drew Jones, who believes there to be some conservatism in its guidance. However, he sees the potential for outperformance as less significant than in the past. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/20/18
JPMS
02/20/18
NO CHANGE
Target $60
JPMS
Overweight
JPMorgan sees continued outperformance for shares of Micron
JPMorgan analyst Harlan Sur expects shares of Micron Technology to continue outperforming following his firm's sixth consecutive positive revision to its near/mid-term "Global Memory Model." The analyst raised his estimates for Micron and expects supply of DRAM to remain tight/balanced through 2018. While average selling prices should return to typical sequential declines later in the year, Micron will likely drive margins higher in 2018 on continued cost reductions in NAND and DRAM, Sur tells investors in a research note. The analyst maintains an Overweight rating on the shares with a $60 price target.

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Carbonite

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JBLU

JetBlue

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PTC

PTC

$98.51

-0.4 (-0.40%)

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PM

Philip Morris

$82.16

-0.17 (-0.21%)

, UNP

Union Pacific

$141.26

2.96 (2.14%)

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BNY Mellon

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Blackstone

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Travelers

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PPG

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KeyCorp

$20.30

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Fifth Third

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Nucor

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Farmers Capital Bank

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APC

Anadarko

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$64.14

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Noble Energy

$34.34

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GSBC

Great Southern Bancorp

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OMAB

OMA Airports

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OPTN

Optinose

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RUN

Sunrun

$15.16

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