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MNK

Mallinckrodt

$21.49

5.3 (32.74%)

, M

Macy's

$30.75

3.3 (12.02%)

09:55
02/27/18
02/27
09:55
02/27/18
09:55

Early notable gainers among liquid option names on February 27th

Notable gainers among liquid option names this morning include Mallinckrodt (MNK) $20.08 +3.89, Macy's (M) $30.85 +3.42, Chipotle (CMG) $329.60 +17.82, AES Corp. (AES) $10.96 +0.52, and Discovery (DISCA) $26.18 +1.04.

MNK

Mallinckrodt

$21.49

5.3 (32.74%)

M

Macy's

$30.75

3.3 (12.02%)

CMG

Chipotle

$327.05

15.16 (4.86%)

AES

AES Corp.

$10.95

0.4998 (4.78%)

DISCA

Discovery

$25.17

1.16 (4.83%)

  • 27

    Feb

  • 27

    Feb

  • 27

    Feb

  • 27

    Feb

  • 05

    Mar

  • 08

    Mar

  • 18

    Mar

MNK Mallinckrodt
$21.49

5.3 (32.74%)

02/02/18
LEHM
02/02/18
DOWNGRADE
Target $20
LEHM
Underweight
Mallinckrodt downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Douglas Tsao downgraded Mallinckrodt to Underweight and cut his price target for the shares to $20 from $23. The acquisition of Sucampo (SCMP) does not address ongoing concern over Acthar and reduces the company's strategic options by raising leverage to 4.5 times, Tsao tells investors in a research note. Reimbursement pressure for Acthar could intensify, and, while not imminent, the franchise could face competition, the analyst adds.
01/09/18
BMOC
01/09/18
NO CHANGE
BMOC
Outperform
BMO Capital 'pleased' with Mallinckrodt steps to evolve portfolio
After Mallinckrodt (MNK) announced the divestiture of hemostasis products Recothrom and Preveleak to Baxter (BAX) for $185M, BMO Capital analyst Gary Nachman said he was "pleased" with these moves and the company's recent deal for Sucampo (SCMP) as steps toward evolving its portfolio and reducing Acthar concentration risk. While saying there is still more to do, Nachman believes Mallinckrodt's expanding pipeline warrants more attention and he keeps an Outperform rating on the stock.
01/08/18
WELS
01/08/18
NO CHANGE
WELS
Market Perform
Mallinckrodt news likely to viewed as slight negative, says Wells Fargo
Wells Fargo analyst David Maris believes Mallinckrodt's sale today of two hemostasis products will likely be viewed as slightly negative since it is dilutive and reverses a prior deal. At the time of the original acquisition, Mallinckrodt said it was strategically expanding its hospital presence and cited the innovative profiles, high growth potential, and durability of Recothrom and Preveleak, Maris tells investors in a research note. He keeps a Market Perform on the shares.
01/05/18
UBSW
01/05/18
DOWNGRADE
Target $18
UBSW
Neutral
Sucampo downgraded to Neutral from Buy at UBS
UBS analyst Marc Goodman downgraded Sucampo Pharmaceuticals (SCMP) to Neutral to reflect the takeover by Mallinckrodt (MNK). The analyst believes the deal is likely to close without significant issues and upped his price target for the shares to $18 from $15.
M Macy's
$30.75

3.3 (12.02%)

02/05/18
JEFF
02/05/18
NO CHANGE
Target $100
JEFF
Buy
Bon-Ton Stores bankruptcy benefits Kohl's, says Jefferies
Jefferies analyst Randal Konik notes that Bon-Ton Stores filed bankruptcy protection and provided the locations of the about 50 units slated for closure. The analyst now estimates near-term closures from Macy's (M), Sears (SHLD), Kmart, and Bon-Ton (BONT) should add about 18c to Kohl's (KSS) EPS and a 1.5% comp lift. Moreover, Konik believes the materialization of Bon-Ton's closures could be a "cherry on top" to accelerating fundamentals at Kohl's this year. He reiterates a Buy rating and $100 price target on Kohl's shares.
01/05/18
BMOC
01/05/18
NO CHANGE
Target $38
BMOC
Outperform
Macy's price target raised to $38 from $35 at BMO Capital
BMO Capital analyst Wayne Hood raised his price target on Macy's to $38 and kept his Outperform rating after the company's Nov-Dec comps completed the first positive SSS Q4 since 2014. Hood notes "encouraging" improvement in brick-and-mortar comps as well as double digit growth in digital platforms, forecasting further upside from " improving consumer spending setup from tax reform and falling unemployment that could be far reaching". The analyst raises his FY17 EPS forecast to $3.63 from $3.53 and FY18 forecast to $3.18 from $2.63, reflecting a lower effective tax rate of about 25%.
01/02/18
MSCO
01/02/18
NO CHANGE
MSCO
Kohl's, Macy's Q4 same-store sales estimates raised at Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger said that overall retail traffic appeared solid following Christmas, adding that store checks and third party data points suggest better performance at Kohl's (KSS) and Macy's (M) than she originally anticipated. Greenberger raised her Q4 Kohl's comparable sales estimate to down 1% from down 3% and increased her comp sales estimate for Macy's to down 2% from down 2.5%. However, she maintains an Underweight rating on Kohl's shares and an Equal Weight rating on Macy's.
12/18/17
OTRG
12/18/17
UPGRADE
OTRG
Mixed
Macy's upgraded to Mixed from Negative at OTR Global
OTR Global upgraded Macy's to Mixed following checks that indicate sell-through is meeting or exceeding plan driven by strong ecommerce trends.
CMG Chipotle
$327.05

15.16 (4.86%)

02/20/18
02/20/18
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. Chipotle (CMG) upgraded to Hold from Sell at Stifel with analyst Chris O'Cull saying that his opinion of the company's fundamentals has not changed, but sentiment has improved and he believes investor optimism will likely outweigh fundamentals in the near-term. 2. Hyatt (H) and Marriott (MAR) were upgraded to In Line from Underperform at Evercore ISI. 3. Flowserve (FLS) upgraded to Sector Perform from Underperform at RBC Capital with analyst Deane Dray citing his expectations of an announcement of a turnaround plan from the new CEO and believes the stock may have bottomed, since the fourth quarter operating miss and "low-balled fiscal 2018 outlook" did not produce new selling pressure. 4. UPS (UPS) upgraded to Buy from Hold at Edward Jones. 5. Universal Display (OLED) upgraded to Buy from Hold at Needham with analyst James Ricchiuti saying he has been looking for the right entry point on the stock since the summer, and the recent 25% selloff from the high offers that opportunity. 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
FBCO
02/20/18
NO CHANGE
Target $290
FBCO
Neutral
Chipotle price target raised to $290 from $275 at Credit Suisse
Credit Suisse analyst Jason West raised his price target for Chipotle to $290 form $275 following the recent rally and as he believes the bar is still relatively low for future earnings power at the current stock price. The analyst reiterates a Neutral rating on the shares.
02/27/18
BARD
02/27/18
UPGRADE
BARD
Outperform
Chipotle upgraded to Outperform from Neutral at Baird
02/27/18
BARD
02/27/18
UPGRADE
Target $400
BARD
Outperform
Chipotle upgraded to Outperform with $400 price target at Baird
As previously reported, Baird analyst David Tarantino upgraded Chipotle to Outperform from Neutral. The analyst 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. Tarantino raised his price target to $400 from $315 on Chipotle shares.
AES AES Corp.
$10.95

0.4998 (4.78%)

02/02/18
UBSW
02/02/18
INITIATION
Target $12
UBSW
Neutral
AES Corp. initiated with a Neutral at UBS
UBS analyst Daniel Ford started AES Corp. with a Neutral rating and $12 price target.
11/13/17
BOFA
11/13/17
UPGRADE
Target $12
BOFA
Buy
AES Corp. upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith upgraded AES to Buy and raised its price target to $12 from $11.50 saying the recent selloff in shares is "unwarranted" given potential asset sales, cost cuts, and a robust high-yield backdrop.
09/13/17
RHCO
09/13/17
NO CHANGE
RHCO
Multiple catalysts could help AES Corp. stock, says SunTrust
SunTrust analyst Ali Agha believes that multiple, positive catalysts over the next three months "should bode well" for the performance of AES Corp stock. The analyst believes that a pending decision by Ohio regulators will increase the company's annual EPS by 11c, and he thinks an announcement of a sale of its remaining 51% stake in its Phillippines assets would also help the stock. Finally, he believes that by listing its Eletropaulo subsidiary on the Brazilian stock exchange, the company will be able to eliminate the subsidiary from its financial statements and reduce its Brazilian exposure. He keeps a $15 price target and a Buy rating on the shares.
02/28/17
RHCO
02/28/17
NO CHANGE
RHCO
AES Corp. weakness overdone, says SunTrust
SunTrust analyst Ali Agha says that the 7% decline in AES' stock "was a significant overreaction to lower than expected 2017 guidance." The analyst says that the guidance miss was caused by one-time factors, and he thinks that the stock's valuation is attractive. Agha says that the shares have reached an attractive entry point, and he keeps a Buy rating on the shares.
DISCA Discovery
$25.17

1.16 (4.83%)

01/04/18
WELS
01/04/18
NO CHANGE
Target $25
WELS
Market Perform
Discovery price target raised to $25 from $18 at Wells Fargo
Wells Fargo analyst Marci Ryvicker raised her price target for Discovery to $25 from $18 to incorporate tax reform. The analyst reiterates a Market Perform rating on the shares.
01/18/18
RBCM
01/18/18
NO CHANGE
Target $29
RBCM
Outperform
Discovery Communications price target raised to $29 from $24 at RBC Capital
RBC Capital analyst Steven Cahall raised his price target on Discovery Communications (DISCA) to $29 after hosting Investor Relations meetings with representatives from the company and Scripps Network (SNI). Cahall anticipates the acquisition of the latter to produce a "positive synergy bias" along with "vastly improved sentiment", which should benefit the combined company. Cahall adds that Discovery Communications has backed its Q4 domestic ad outlook of low-single-digit growth, while Scripps Network perceives the ad market remaining healthy. The analyst keeps his Outperform rating on Discovery Communications.
02/20/18
MOFT
02/20/18
UPGRADE
MOFT
Neutral
Discovery upgraded to Neutral from Sell at MoffettNathanson
01/09/18
PIVT
01/09/18
DOWNGRADE
PIVT
Hold
Discovery downgraded to Hold from Buy at Pivotal Research

TODAY'S FREE FLY STORIES

FNWB

First Northwest Bancorp

$16.11

0.36 (2.29%)

17:48
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FCX

Freeport McMoRan

$15.75

-0.05 (-0.32%)

17:42
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Hot Stocks
Freeport McMoRan CAO Michael Arnold to retire »

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XLE

Energy Select Sector SPDR

$74.87

-0.24 (-0.32%)

, XLU

Utilities SPDR

$52.28

-0.39 (-0.74%)

17:39
07/20/18
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General news
Week ending ETF Scorecard: Financials lead, Energy slumps »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$74.87

-0.24 (-0.32%)

XLU

Utilities SPDR

$52.28

-0.39 (-0.74%)

IYR

DJ US Real Estate Index Fund

$80.23

-0.68 (-0.84%)

XLP

Consumer Staples Sector SPDR

$52.84

0.3 (0.57%)

XLY

Consumer Discretionary Sector SPDR

$112.15

-0.47 (-0.42%)

XLB

S&P Select Materials SPDR

$58.31

-0.21 (-0.36%)

XLF

Financial Select Sector

$27.57

0.065 (0.24%)

XLV

Health Care Select Sector SPDR

$86.74

-0.17 (-0.20%)

XLK

Technology Select Sector SPDR

$72.55

0.01 (0.01%)

XLI

Industrial Select Sector SPDR

$74.44

-0.09 (-0.12%)

GLD

SPDR Gold Trust

$116.56

0.74 (0.64%)

SLV

iShares Silver Trust

$14.59

0.18 (1.25%)

USO

United States Oil Fund

$14.15

0.025 (0.18%)

UNG

United States Natural Gas Fund

$22.38

-0.06 (-0.27%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$85.62

0.03 (0.04%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.27

-0.335 (-0.29%)

TLT

iShares 20+ Year Treasury Bond Fund

$120.78

-1.46 (-1.19%)

IEF

iShares 7-10 Year Treasury Bond ETF

$102.21

-0.35 (-0.34%)

SHY

iShares 1-3 Year Treasury Bond

$83.26

-0.005 (-0.01%)

IWD

iShares Russell 1000 Value

$123.07

-0.2897 (-0.23%)

IWF

iShares Russell 1000 Growth

$149.41

-0.04 (-0.03%)

03/08/13
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03/06/13
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XRX

Xerox

$25.10

-0.095 (-0.38%)

, FUJIY

Fujifilm

$0.00

(0.00%)

17:25
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Hot Stocks
Xerox, Centerview settle matters related to proposed Fuji tie-up »

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XRX

Xerox

$25.10

-0.095 (-0.38%)

FUJIY

Fujifilm

$0.00

(0.00%)

03/08/13
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03/06/13
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03/06/13
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  • 26

    Jul

STON

StoneMor Partners

$3.61

-0.015 (-0.41%)

17:15
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Hot Stocks
Breaking Hot Stocks news story on StoneMor Partners »

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TEF

Telefonica

$8.70

0.07 (0.81%)

17:11
07/20/18
07/20
17:11
07/20/18
17:11
Downgrade
Telefonica rating change  »

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03/08/13
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03/06/13
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03/06/13
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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

, USO

United States Oil Fund

$14.15

0.025 (0.18%)

17:04
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17:04
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17:04
General news
Weekly CFTC Commitment of Traders highlights »

S&P500 net long 5.5K…

SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

USO

United States Oil Fund

$14.15

0.025 (0.18%)

GLD

SPDR Gold Trust

$116.56

0.74 (0.64%)

FXE

Euro Currency Trust

$112.46

0.83 (0.74%)

FXC

CurrencyShares Canadian Dollar Trust

$75.17

0.81 (1.09%)

03/08/13
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03/06/13
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CZWI

Citizens Community Bancorp

$14.15

(0.00%)

17:02
07/20/18
07/20
17:02
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17:02
Syndicate
Breaking Syndicate news story on Citizens Community Bancorp »

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PKD

Parker Drilling

$0.30

-0.0044 (-1.46%)

17:01
07/20/18
07/20
17:01
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17:01
Hot Stocks
Breaking Hot Stocks news story on Parker Drilling »

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  • 02

    Aug

RSLS

ReShape Lifesciences

$1.47

-0.02 (-1.34%)

17:00
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07/20
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Hot Stocks
Breaking Hot Stocks news story on ReShape Lifesciences  »

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BOX

Box

$26.13

-0.26 (-0.99%)

16:57
07/20/18
07/20
16:57
07/20/18
16:57
Initiation
Box initiated  »

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ALDX

Aldeyra

$7.95

-0.15 (-1.85%)

16:53
07/20/18
07/20
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16:53
Syndicate
Breaking Syndicate news story on Aldeyra »

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GLRE

Greenlight Capital Re

$14.00

-0.15 (-1.06%)

16:46
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Hot Stocks
Greenlight Capital Re announces departure of COO »

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RVI

Retail Value

$34.56

0.2 (0.58%)

16:38
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Hot Stocks
Breaking Hot Stocks news story on Retail Value »

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

, ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

16:35
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Hot Stocks
Lincoln Electric expands board to 11 directors, appoints Patrick Goris to board »

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

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  • 23

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  • 25

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KMX

CarMax

$77.15

-0.57 (-0.73%)

16:33
07/20/18
07/20
16:33
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16:33
Hot Stocks
CarMax chairman sells 37,500 common shares »

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LOW

Lowe's

$100.65

-0.74 (-0.73%)

16:31
07/20/18
07/20
16:31
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16:31
Hot Stocks
Lowe's names Joseph McFarland as EVP of stores »

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16:30
07/20/18
07/20
16:30
07/20/18
16:30
Options
Preliminary option volume of 20.2M today »

Preliminary option volume…

PFE

Pfizer

$37.33

-0.03 (-0.08%)

16:26
07/20/18
07/20
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16:26
Hot Stocks
FDA approves Pfizer's Biosimilar NIVESTYM for all indications »

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  • 22

    Aug

  • 10

    Sep

JCP

J.C. Penney

$2.50

-0.065 (-2.53%)

16:23
07/20/18
07/20
16:23
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16:23
Hot Stocks
J.C. Penney chief customer officer McFarland to leave company »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
07/20/18
07/20
16:20
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16:20
Options
Closing CBOE SPX and VIX Index summary for July 20th »

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ASFI

Asta Funding

$3.15

-0.1 (-3.08%)

16:18
07/20/18
07/20
16:18
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16:18
Hot Stocks
Asta Funding receives Nasdaq non-compliance letter »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/20/18
07/20
16:17
07/20/18
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
07/20/18
07/20
16:16
07/20/18
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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03/06/13
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03/06/13
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DIS

Disney

16:15
07/20/18
07/20
16:15
07/20/18
16:15
Periodicals
Disney fires 'Guardians' director after controversial tweets, THR says »

Disney has fired James…

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  • 07

    Aug

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