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NLSN

Nielsen

$32.41

-0.27 (-0.83%)

, IT

Gartner

$124.17

0.77 (0.62%)

04:55
03/21/18
03/21
04:55
03/21/18
04:55

Shop Talk to hold a conference

Shop Talk will be held in Las Vegas on March 18-21.

NLSN

Nielsen

$32.41

-0.27 (-0.83%)

IT

Gartner

$124.17

0.77 (0.62%)

KR

Kroger

$23.41

0.25 (1.08%)

M

Macy's

$28.93

-0.37 (-1.26%)

TGT

Target

$71.56

1.22 (1.73%)

EBAY

eBay

$41.96

-0.13 (-0.31%)

FB

Facebook

$168.15

-4.41 (-2.56%)

GOOG

Alphabet

$1,097.71

-2.11 (-0.19%)

JNJ

Johnson & Johnson

$131.21

0.97 (0.74%)

JLL

Jones Lang LaSalle

$177.30

2.54 (1.45%)

GPS

Gap

$32.32

0.09 (0.28%)

DIS

Disney

$101.35

-0.13 (-0.13%)

INTC

Intel

$51.55

0.72 (1.42%)

K

Kellogg

$66.32

-0.11 (-0.17%)

JEF

Jefferies Financial Group

$0.00

(0.00%)

UPS

UPS

$108.03

-0.43 (-0.40%)

FDX

FedEx

$251.99

2.38 (0.95%)

W

Wayfair

$76.50

-0.03 (-0.04%)

HSY

Hershey

$100.33

0.26 (0.26%)

GS

Goldman Sachs

$263.19

0.66 (0.25%)

JPM

JPMorgan

$114.64

0.11 (0.10%)

AMZN

Amazon.com

$1,586.51

41.58 (2.69%)

WMT

Walmart

$87.95

0.5 (0.57%)

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NLSN Nielsen
$32.41

-0.27 (-0.83%)

12/14/17
12/14/17
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. Verizon (VZ) downgraded to Hold on valuation at HSBC with analyst Sunil Rajgopal saying the recent rally limits upside. 2. Blue Buffalo Pet Products (BUFF) downgraded to Hold from Buy at Deutsche Bank with analyst Faiza Alwy citing valuation concerns as the stock is up 35% over the last six months. 3. Nielsen (NLSN) downgraded to Underweight from Equal Weight at Barclays with analyst Manav Patnaik saying he sees challenging end markets for the company as well as credibility concerns following a year of "poor" execution. 4. Valeant (VRX) downgraded to Underweight from Neutral at JPMorgan with analyst Chris Schott saying he sees better opportunities in the sector following the recent rally in the shares. 5. Pier 1 Imports (PIR) downgraded to Sell from Hold at Gordon Haskett with analyst Chuck Grom citing the third quarter miss and lowered guidance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/02/18
MACQ
01/02/18
DOWNGRADE
MACQ
Neutral
Nielsen downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Tim Nollen downgraded Nielsen to Neutral and lowered its price target to $38 from $44 due to deflationary pressures on the underlying business in both media and CPG/retail sectors and lack of catalysts.
01/08/18
BARD
01/08/18
UPGRADE
BARD
Outperform
Nielsen upgraded to Outperform from Neutral at Baird
01/08/18
BARD
01/08/18
UPGRADE
Target $41
BARD
Outperform
Nielsen upgraded to Outperform at Baird
As previously reported, Baird analyst Jeffrey Meuler upgraded Nielsen to Outperform from Neutral citing its depressed valuation and expectations for improved investors sentiment over time. The analyst sees signs of stabilization in its Buy-Developed Markets, sustained solid growth in Watch, and increased investor confidence in margin expansion. Meuler reiterated his $41 price target on Nielsen shares.
IT Gartner
$124.17

0.77 (0.62%)

02/07/18
FBCO
02/07/18
NO CHANGE
Target $142
FBCO
Outperform
Gartner price target lowered to $142 from $160 at Credit Suisse
Credit Suisse analyst Anjaneya Singh lowered his price target for Gartner to $142 from $160 following quarterly results. The analyst reiterates an Outperform rating on the shares.
08/31/17
PIPR
08/31/17
NO CHANGE
Target $105
PIPR
Neutral
Gartner price target lowered to $105 from $114 at Piper Jaffray
Piper Jaffray analyst Peter Appert lowered his price target for Gartner shares to $105 after reviewing the bull/bear case. The analyst likes the secular growth story around the core Gartner business, but is "less convinced" about the long-term growth opportunity created by the acquisition of CEB. Appert keeps a Neutral rating on the name.
01/19/18
RBCM
01/19/18
NO CHANGE
Target $155
RBCM
Top Pick
Gartner price target raised to $155 from $143 at RBC Capital
RBC Capital analyst Gary Bisbee raised his price target on Gartner to $98, forecasting a 10% reduction in effective tax rate that will boost 2018 EPS by about 13%. The analyst says that the company's core business is strengthening, while its acquisition of CEB offers "significant potential" for the unit's growth. Moreover, the analyst notes that the company is attractively valued at a 10% discount to historic valuation. Bisbee keeps his Top Pick rating on Gartner.
11/08/17
GSCO
11/08/17
INITIATION
Target $146
GSCO
Buy
Gartner initiated with a Buy at Goldman Sachs
Goldman analyst George Tong initiated Gartner with a Buy and $146 price target. The analyst believes the CEB acquisition meaningfully expands its addressable market and earning power and expects CEB's revenue and margins to inflect positively under the Gartner management team.
KR Kroger
$23.41

0.25 (1.08%)

03/09/18
BERN
03/09/18
INITIATION
Target $27
BERN
Market Perform
Kroger initiated with a Market Perform at Bernstein
Bernstein analyst Brandon Fletcher started Kroger with a Market Perform rating and $27 price target, as he believes the company is well positioned, but in a "fiercely competitive" industry.
03/12/18
BMOC
03/12/18
NO CHANGE
Target $27
BMOC
Market Perform
Kroger price target lowered to $27 from $31 at BMO Capital
BMO Capital analyst Kelly Bania lowered her price target on Kroger to $27, citing the company's weaker Q4 gross margins amid a more constructive overall retail environment in the quarter. Bania adds that incremental investments by the company are small and "primarily pulled forward", which offsets the positive impact of tax changes. The analyst keeps her Market Perform rating on Kroger, noting that the stock remains faced with a "risk of heightened volatility and weak earnings during this investment phase".
02/12/18
OPCO
02/12/18
NO CHANGE
Target $29
OPCO
Perform
Kroger needs to invest gross margin upside in lower prices, says Oppenheimer
Oppenheimer analyst Rupesh Parikh compared Whole Foods on Amazon (AMZN) Prime Now and Kroger's (KR) ClickList in the Cincinnati, Ohio market. The analyst overall finds Amazon's offering to be very compelling for Prime members, but argues that Kroger still has two key advantages that could somewhat limit potential share losses, namely Whole Foods prices are still at a premium, and Kroger's ClickList assortment is greater than Amazon Prime Now's Whole Foods assortment. Parikh believes Kroger needs to continue investing gross margin upside in lower prices to maintain/extend gaps versus Whole Foods, and as a result, investors should not view the Q3 margin upside as sustainable. He reiterates a Perform rating and $29 price target on Kroger's shares.
03/12/18
JEFF
03/12/18
NO CHANGE
Target $31
JEFF
Buy
Kroger 10% selloff last week overdone, says Jefferies
Jefferies analyst Christopher Mandeville views the 10% selloff last week in shares of Kroger as overdone. The company is making the right moves by pulling forward Restock investment post tax reform to better position it for long-term success, Mandeville tells investors in a research note. The analyst sees an attractive risk/reward for Kroger shares and keeps a Buy rating on the name. He trimmed his price target for the stock to $31 from $33.
M Macy's
$28.93

-0.37 (-1.26%)

03/01/18
03/01/18
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. Wendy's (WEN) upgraded to Neutral from Sell at UBS by analyst Dennis Geiger, who has greater confidence in the company's free cash flow targets and same-store-sales momentum following his firm's survey of quick service restaurants consumers. The survey showed improved brand perceptions for Wendy's, Geiger said. 2. Kellogg (K) upgraded to Overweight from Neutral at Piper Jaffray by analyst Michael Lavery, who believes the valuation is attractive given his expectations for 8%-9% three-year earnings growth. A cash build should allow for earnings "flexibility and/or upside with upside to our buybacks assumptions," Lavery said. He believes expectations for Kellogg look achievable and maybe beatable. The analyst is more bullish on the shares following a meeting with management. 3. Carrizo Oil & Gas (CRZO) upgraded to Buy from Hold at Jefferies by analyst Mark Lear, who sees value in the shares following the recent underperformance. The company's Eagle Ford wells are tracking ahead of the updated type curve while the oil macro backdrop coming out of the Q4 earnings season is improving, Lear said. He believes the worst is behind Carrizo. 4. Eaton (ETN) upgraded to Neutral from Underweight at JPMorgan by analyst Ann Duignan, who said the risk/reward is balanced ahead of the company's analyst day. 5. Macy's (M) upgraded to Buy from Hold at Gordon Haskett by analyst Chuck Grom, who sees a pathway for improved comps over the next couple of years. This, coupled with the 27% reduction in float over the past decade, "yields a model with tremendous torque" and the potential for earnings upside, Grom tells investors in a research note. The analyst, who states he fully appreciates the long-term secular argument against the department store vertical, likes Macy's risk/reward profile at current share levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/01/18
BMOC
03/01/18
NO CHANGE
Target $42
BMOC
Outperform
Macy's price target raised to $42 from $38 at BMO Capital
BMO Capital analyst Wayne Hood raised his price target on Macy's to $42 and kept his Outperform rating after the company's Q4 results came in "broadly better" than expected. Hood adds that Macy's management commentary gives his added confidence in "credible strategic initiatives" producing results and driving more sustainable positive comps. The analyst states that Macy's is "one of our top picks within our value bucket".
03/12/18
FBCO
03/12/18
INITIATION
Target $54
FBCO
Neutral
Macy's initiated with a Neutral at Credit Suisse
Credit Suisse initiated Macy's with a Neutral and $54 price target.
03/02/18
DADA
03/02/18
NO CHANGE
Target $23
DADA
Buy
CommerceHub price target lowered to $23 from $27 at DA Davidson
DA Davidson analyst Tom Forte lowers his price target on CommerceHub (CHUBA) to $23 after a Q4 miss on earnings, revenue, and adjusted EBITDA. Longer term, Forte keeps his Buy rating on the company, citing some progress in terms of EBITDA margins approaching its 60% target and the addition of Macy's (M) to its customer base.
TGT Target
$71.56

1.22 (1.73%)

02/26/18
02/26/18
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. Walmart (WMT) initiated with a Neutral and Target (TGT) initiated with an Outperform at Credit Suisse. 2. Hudson (HUD) initiated with a Buy at Goldman Sachs, a Buy at UBS, an Equal Weight at Morgan Stanley and an Outperform at Credit Suisse. 3. VICI Properties (VICI) initiated with a Buy at Stifel, a Neutral at Goldman Sachs and an Equal Weight at Barclays. 4. Sage Therapeutics (SAGE) initiated with an Overweight at Morgan Stanley. 5. Sol-Gel Technologies (SLGL) initiated with a Buy at Jefferies and an Outperform at BMO Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/06/18
BARD
03/06/18
NO CHANGE
Target $85
BARD
Outperform
Target demand trends were encouraging in Q4, says Baird
Baird analyst Peter Benedict kept his Outperform rating and $85 price target on Target following the company's Q4 results, but also assigned a new positive "Fresh Pick" designation. Benedict states that today's decline in the stock price serves as a reminder that changing the narrative in the retail sector is challenging, particularly amid the skepticism around Target's ability to increase sales without a significant margin investment. Nevertheless, the analyst adds that demand trends for Target were encouraging and several potential catalysts exist for the company in 2018, such as leveraging the next-generation store design and the expansion of the company's fulfillment capabilities. Benedict sees a compelling valuation for Target stock at less than 14-times his forward FY18 EPS estimate.
03/02/18
BARD
03/02/18
NO CHANGE
Target $85
BARD
Outperform
Target valuation remains compelling ahead of Q4 results, says Baird
Baird analyst Peter Benedict expects an inline Q4 report when Target releases its results next week. He said the investor meeting which follows should highlight progress on multiple fronts in strengthening the company's competitive positioning in the market. Herbert reiterated his Outperform rating and $85 price target on Target shares.
03/07/18
MSCO
03/07/18
NO CHANGE
Target $64
MSCO
Underweight
Target 2018 guidance appears optimistic, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman said he would have taken a more constructive stance on Target shares had two things happened at the company's financial community meeting. The first, an acceptance that EBIT margins are likely going lower over time, did occur. The second, a backing away from 2018 guidance that he thinks "seems more optimistic than it initially did," did not happen. While if Target had said both yesterday the stock decline likely would have been worse, it also would have de-risked the stock and allowed investors to focus on what should be better top-line performance in 2018, contends Gutman, who maintains his Underweight rating and $64 price target on Target shares.
EBAY eBay
$41.96

-0.13 (-0.31%)

03/08/18
FBCO
03/08/18
NO CHANGE
FBCO
Huntington Ingalls, U.S. Steel new number 1 Top Picks at Credit Suisse
Credit Suisse added four new number 1 to its Top Picks list, namely Huntington Ingalls (HII), Restaurant Brands (QSR), RSP Permian (RSPP). U.S. Steel (X) and upgraded eBay (EBAY).
03/15/18
NOMU
03/15/18
NO CHANGE
Target $97
NOMU
Buy
PayPal price target raised to $97 from $85 at Nomura Instinet
Nomura Instinet analyst Bill Carcache raised his price target for PayPal (PYPL) to $97 and keeps a Buy rating on the shares. Investors continue to debate the magnitude of eBay's (EBAY) contribution to PayPal's earnings, Carcache tells investors in a research note. The analyst still sees PayPal's earnings growing in 2021 and he keeps a Buy rating on the shares.
03/13/18
BARD
03/13/18
NO CHANGE
Target $52
BARD
Outperform
eBay tracking inline with Q1 growth expectations, says Baird
Baird analyst Colin Sebastian said eBay's February volumes improved sequentially, while year-over-year growth showed moderation. The analyst said the dollar-volume grew consistent with historical trends and at this point he believes the company is tracking inline with his Q1 growth expectations. Sebastian maintained his Outperform rating and $52 price target on eBay shares.
03/20/18
MSCO
03/20/18
NO CHANGE
Target $230
MSCO
Overweight
Morgan Stanley answers 'top 4 investor questions' about Facebook
Morgan Stanley analyst Brian Nowak identified the top four questions he's heard from Facebook investors and outlined his answers in a new note. Addressing "What should Facebook do?", Nowak's take is that the company should become more assertive about the mistakes it has made and how it intends to fix them. On the question of "regulatory risk," he does believe the Cambridge Analytica news has increased Facebook's risk, which he contends only furthers the impetus to begin to take control of the public message, self-regulate and improve safeguards. On the question of "fundamental risk," Nowak said he does not see a fundamental risk to revenue or EPS as of now and he is not changing his FY18 and FY19 forecasts, though he adds that the "drumbeat of negative news and headlines" increases the risk that there is some user backlash and an "eventual" advertiser backlash. On the question of whether Facebook's multiple has bottomed, Nowak said "Yes, but this isn't new," as he noted that its multiple makes the stock cheaper than Alphabet (GOOGL), eBay (EBAY) and "many other assets" that are growing more slowly and/or don't have as much long-term monetization potential. Nowak maintains his Overweight rating and $230 price target on Facebook shares.
FB Facebook
$168.15

-4.41 (-2.56%)

03/20/18
BOFA
03/20/18
NO CHANGE
Target $265
BOFA
Buy
Facebook is 'oversold' with 'limited' near term catalysts, says BofA/Merrill
BofA/Merrill analyst Justin Post is keeping his Buy rating and $265 price target on Facebook, writing that while the stock is oversold, the compounding news flow raising privacy concerns is adding to risk. Post says that sentiment could remain pressured with looming General Data Protection Regulation enforcement coming into force in late Q2, adding that the company could use some added visibility on any impact in terms of user engagement and financial conditions. Longer term, the analyst believes that the current valuation makes the stock "compelling".
03/20/18
CLVD
03/20/18
NO CHANGE
CLVD
Facebook pricing/ROI continuing higher, Twitter feedback constructive, says Cleveland Research
Citing a recent research into the digital advertising channel, Cleveland Research analyst Kevin Rottinghaus says that Facebook (FB) pricing continues to increase, justified by a continued improvement in ROI, and the social media platform appears to be opening more inventory on Instagram and Messenger. Meanwhile, the analyst says Twitter (TWTR) continues to improve in ad technology, advertiser/partner engagement, traffic and users, and the company is seeing some signs that ad dollars are coming back into the platform. Snap, on the other hand, is still seeing limited ad dollars to the platform as ROI and ad tech lag, with app redesign receiving cautious feedback, he contends. The analyst also pointed out that Amazon (AMZN) is viewed as taking incremental dollars otherwise likely to paid search and Google (GOOG; GOOGL), while remaining aggressive in expanding ad tech and sales channels.
03/20/18
FBCO
03/20/18
NO CHANGE
Target $240
FBCO
Outperform
Credit Suisse remains a buyer of Facebook
After media outlets reported data was harvested from Facebook through the use of an app where users were paid to take a personality test and agreed to have their data collected for "academic use," Credit Suisse analyst Stephen Ju notes that Facebook has already outlined its plans during Q3 earnings call to double headcount addressing user security, so he does not anticipate material change to OpEx guidance. The analyst believes the stock will be subject to further headline risk in the coming weeks as senior management is summoned to DC for hearings with lawmakers, but he remains a buyer. Ju reiterates an Outperform rating and $240 price target on the shares.
03/20/18
JEFF
03/20/18
NO CHANGE
JEFF
Facebook risk/reward 'compelling' despite headwinds, says Jefferies
Jefferies analyst Brent Thill said that while headlines will likely keep Facebook's stock range bound and weigh on investor sentiment into the second half of the year, the headwinds will not effect the top line. Thill sees about $15 of downside against $65 of upside, and hence sees the risk/reward as compelling at these levels. The analyst maintained a Buy rating and $230 price target on Facebook shares.
GOOG Alphabet
$1,097.71

-2.11 (-0.19%)

03/16/18
RSBL
03/16/18
NO CHANGE
RSBL
Buy
Apple HomePod sales weak, cheaper model may help, says Rosenblatt
Rosenblatt analyst Jun Zhang lowered his estimates for Apple's (AAPL) HomePod to 3M units from 6M after seeing weaker than expected sales, but he believes a low-cost HomePod model may see better traction against Amazon's (AMZN) and Google's (GOOGL) devices. Zhang keeps a Buy rating on Apple shares.
03/19/18
JPMS
03/19/18
NO CHANGE
Target $340
JPMS
Overweight
Broadcom shipping volumes of Google's TPU2 AI chipset, says JPMorgan
JPMorgan analyst Harlan Sur believes Broadcom (AVGO) has started shipping production volumes of Google's (GOOG, GOOGL) TPU2 AI chipset to Google's datacenters and that 2018 will be the year that artificial intelligence starts to become a bigger part of Broadcom's wired business. He estimates the company's Application-specific Integrated Circuits revenue in the artificial intelligence/deep learning segment, with customers that include Google, Fujitsu and Intel (INTC), can reach $1B-$2B by 2020, from less than $100M today. The ASIC opportunity "represents another growth/diversification vector for Broadcom," Sur tells investors in a research note. He reiterates an Overweight rating on the shares with a $340 price target.
JNJ Johnson & Johnson
$131.21

0.97 (0.74%)

01/02/18
01/02/18
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. Johnson & Johnson (JNJ) downgraded to Neutral from Overweight at JPMorgan with analyst Michael Weinstein saying he sees greater upside potential in other large cap names with J&J shares trading at 17.9 times his 2018 earnings estimate. 2. PG&E (PCG) downgraded to Sell from Neutral at Guggenheim and to Neutral from Buy at Goldman Sachs. Goldman analyst Michael Lapides saying resolution of claims from the California wildfires, if inverse condemnation is applied, could take years and "cash flow/balance sheet impacts could prove significant still." 3. Allstate (ALL) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Meyer Shields saying the company's margin expansion story has played out. 4. Cabot Oil & Gas (COG) downgraded two notches to Underperform from Outperform at Raymond James with analyst John Freeman citing valuation after "considerable" 2017 share outperformance. 5. Windstream (WIN) downgraded to Underweight from Neutral at JPMorgan with analyst Philip Cusick saying he sees fundamental business challenges continuing in both the near and long term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/18/18
MSCO
01/18/18
NO CHANGE
Target $157
MSCO
Equal Weight
Zytiga ruling a headwind, but doesn't change J&J thesis, says Morgan Stanley
Morgan Stanley analyst David Lewis noted that Johnson & Johnson suffered an adverse Zytiga IPR ruling, which he calls an incremental headwind. However, he added that a possible earlier generic Zytiga entry is irrelevant to his net present value for J&J shares and doesn't change his view that its Pharma growth accelerates in 2018. Lewis keeps an Equal Weight rating and $157 price target on J&J shares.
01/04/18
RBCM
01/04/18
NO CHANGE
Target $54
RBCM
Outperform
Pacira price target raised to $54 from $50 at RBC Capital
RBC Capital analyst Randall Stanicky raised his price target on Pacira (PCRX) to $54 and kept his Outperform rating. Stanicky says his focus is on the company's expected pre-announcement for Q4 this week and his upcoming discussion with CEO Dave Stack on Monday regarding changes from CMS around unbundling of payments that could represent a game changing opportunity for the company's EXPAREL. The analyst notes that traction is building around Pacira's relationship with Johnson & Johnson (JNJ) on the ortho selling side, which marks about half of its revenue.
02/06/18
WELS
02/06/18
NO CHANGE
Target $160
WELS
Outperform
Johnson & Johnson talc litigation concerns appear overblown, says Wells Fargo
Wells Fargo analyst Lawrence Biegelsen says Johnson & Johnson shares were down partly due to concerns about ongoing litigation over allegations that its talcum power products are unsafe for use because they contain asbestos which can cause mesothelioma. Based on prior high-profile product liability cases in the drug and device sectors, the analyst believes any potential settlement would be manageable for Johnson & Johnson. He reiterates an Outperform rating and $160 price target on the shares.
JLL Jones Lang LaSalle
$177.30

2.54 (1.45%)

02/06/18
02/06/18
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. Redfin (RDFN) initiated with a Buy at Jefferies. The firm also initiated Zillow (Z, ZG) with a Hold. 2. Liberty Oilfield Services (LBRT) initiated with an Overweight at Piper Jaffray, an Overweight at Morgan Stanley, a Buy at Citi and Goldman Sachs, an Overweight at JPMorgan, an Outperform at Wells Fargo and an Outperform at Evercore ISI. 3. Industrial Logistics Property Trust (ILPT) initiated with a Buy at BofA/Merrill, an Outperform at RBC Capital and JMP Securities and a Neutral at UBS. 4. Angi Homeservices (ANGI) initiated with an Outperform at BMO Capital. 5. Jones Lang LaSalle (JLL), Newmark (NMRK) and CBRE Group (CBG) initiated with an Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/02/18
WBLR
02/02/18
INITIATION
WBLR
Outperform
Jones Lang LaSalle assumed with an Outperform at William Blair
William Blair analyst Stephen Sheldon assumed coverage of Jones Lang LaSalle with an Outperform rating saying the risk/reward is attractive at current share levels.
02/12/18
WEDB
02/12/18
NO CHANGE
Target $158
WEDB
Neutral
Jones Lang LaSalle price target raised to $158 from $136 at Wedbush
Wedbush analyst Jason Weaver raised his price target for Jones Lang LaSalle to $158 from $136 after a "strong" FY17 finish and as he believes it may be turning the corner on profitability. The analyst reiterates a Neutral rating on the shares.
02/06/18
RAJA
02/06/18
INITIATION
Target $175
RAJA
Outperform
Jones Lang LaSalle initiated with an Outperform at Raymond James
Raymond James analyst Patrick O'Shaughnessy initiated Jones Lang LaSalle with an Outperform and $175 price target.
GPS Gap
$32.32

0.09 (0.28%)

03/12/18
FBCO
03/12/18
INITIATION
Target $35
FBCO
Neutral
Gap initiated with a Neutral at Credit Suisse
Credit Suisse initiated Gap with a Neutral and $35 price target.
03/02/18
MKMP
03/02/18
NO CHANGE
Target $35
MKMP
Neutral
Gap price target raised to $35 from $27 at MKM Partners
MKM Partners analyst Roxanne Meyer raised her price target on Gap to $35 after the company's Q4 results showed better than expected comps and a "significantly higher gross margin increase". Meyer adds that the comps at each segment accelerated on a 2-year stock, while traffic trends were also improved. The analyst keeps her Neutral rating on the stock, preferring to wait for better visibility that the strength of Old Navy and the shift toward higher performing concepts will "unlock earnings power" this year.
03/02/18
BMOC
03/02/18
NO CHANGE
Target $35
BMOC
Market Perform
Gap price target raised to $35 from $29 at BMO Capital
BMO Capital analyst John Morris raised his price target on Gap to $35 after the company's Q4 beat on earnings, revenue, and gross margins. Morris keeps his Market Perform rating on the stock however, pointing to a 9% rise in inventories and warns that gross margins could be pressured in the near term as the company works through its "sizable inventory overhang of likely out-of-season product". Among the positives, the analyst cites the company's use of data analytics to develop a "customer moat" in product and also points to Gap's digital channel growth of 30% in Q4.
03/09/18
OPCO
03/09/18
NO CHANGE
Target $33
OPCO
Perform
Gap price target raised to $33 from $30 at Oppenheimer as firm stays sidelined
Oppenheimer analyst Anna Andreeva raised her price target on Gap to $33 from $30, telling investors in a research note that she is staying "sidelined" on Gap and expects a "skewed recovery" in the business in the second half of 2018. Andreeva, who has a Perform rating on Gap, said despite "impressive" momentum at Old Navy, she expects challenges at the Gap division to continue and sees pressures from promotions and inventory imbalance through the first half of the year. In order for shares to "work," the analyst said an inflection at Gap and Banana Republic is necessary, but doesn't see this happening until the second half "at the earliest."
DIS Disney
$101.35

-0.13 (-0.13%)

03/15/18
LOOP
03/15/18
INITIATION
Target $130
LOOP
Buy
Disney initiated with a Buy at Loop Capital
Loop Capital analyst Alan Gould started Disney (DIS) with a Buy rating and $130 price target. The analyst views the Disney/21st Century Fox (FOXA) deal as a "win/win," positioning Disney to be a more competitive player in the global streaming business.
03/09/18
BTIG
03/09/18
NO CHANGE
BTIG
Disney able, but unwilling, to go 'all-in' to win streaming war, says BTIG
BTIG analyst Richard Greenfield believes Disney (DIS) has the content and balance sheet strength to "win" the streaming wars against Netflix (NFLX) and others if it were willing to go "all-in" on digital, but the company appears unwilling to do so. By "all-in," Greenfield says he means making every new theatrical release from Disney available on their streaming service day and date with its theatrical release. Such an aggressive strategy would be how Disney could 'win the streaming wars, rather than dipping their toe in the water of streaming while trying to "milk" their legacy business models,' Greenfield contends in a new note to investors.
03/14/18
MACQ
03/14/18
UPGRADE
MACQ
Outperform
Sky upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Guy Peddy upgraded Sky (SKYAY) to Outperform from Neutral after he raised his FY19/20 and FY20/21 EPS by about 16% due to the lower EPL costs. His valuation analysis suggests the current 1075p offer from 21st Century Fox (FOXA) "materially undervalues" Sky and even Comcast's (CMCSA) indicative offer at 1250p "fractionally undervalues" it, Peddy tells investors. What happens next is up to Comcast and Disney (DIS), as Fox is just an intermediary, he added. Peddy raised his price target on Sky shares to 1450p, as he believes tension between those two could lift the offer price at least 10% above his fair value estimate of 1287p.
03/15/18
LOOP
03/15/18
INITIATION
Target $43
LOOP
Buy
21st Century Fox initiated with a Buy at Loop Capital
Loop Capital analyst Alan Gould started 21st Century Fox (FOXA) with a Buy rating and $43 price target. The analyst believes the company is set up as the "ideal acquisition target for either Disney (DIS) or Comcast (CMCSA) as they evolve their video businesses into a global, direct-to-consumer streaming service."
INTC Intel
$51.55

0.72 (1.42%)

03/07/18
KEYB
03/07/18
NO CHANGE
KEYB
KeyBanc remains a buyer of Intel, Marvell
In a research note titled "Notebook ODM tracker," KeyBanc analyst Michael McConnell says February unit shipments are likely to be modestly below his estimates, but is maintaining his Q1 unit shipment estimate of -18% quarter over quarter. McConnell remains a buyer of Intel (INTC) due to its processor sell-in, and signs of improving commercial demand. The analyst also remains constructive on Marvell (MRVL) due to higher confidence on revenue growth, driven by the networking and SSD controller segments, design-win traction and sales momentum into data centers, and higher networking and data center sales mix, gross margin accretion, and multiple expansion from the pending Cavium (CAVM) acquisition.
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
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.
K Kellogg
$66.32

-0.11 (-0.17%)

03/01/18
PIPR
03/01/18
UPGRADE
Target $80
PIPR
Overweight
Kellogg upgraded to Overweight with $80 price target at Piper Jaffray
Piper Jaffray analyst Michael Lavery upgraded Kellogg to Overweight and raised his price target for the shares to $80 from $77. The analyst believes the valuation is attractive given his expectations for 8%-9% three-year earnings growth. A cash build should allow for earnings "flexibility and/or upside with upside to our buybacks assumptions," Lavery tells investors in a research note. He believes expectations for Kellogg look achievable and maybe beatable. The analyst is more bullish on the shares following a meeting with management.
02/05/18
02/05/18
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. Kellogg (K) initiated with a Buy at Pivotal Research. 2. MBIA (MBI) initiated with a Market Perform at Keefe Bruyette. 3. AxoGen (AXGN) initiated with an Outperform at William Blair. 4. Ctrip (CTRP) initiated with a Hold at Deutsche Bank. 5. Sun Hydraulics (SNHY) was initiated with a Buy at SunTrust and an Overweight at KeyBanc. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/28/18
PIPR
02/28/18
UPGRADE
PIPR
Overweight
Kellogg upgraded to Overweight from Neutral at Piper Jaffray
JEF Jefferies Financial Group
$0.00

(0.00%)

UPS UPS
$108.03

-0.43 (-0.40%)

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.
03/06/18
STFL
03/06/18
UPGRADE
Target $121
STFL
Buy
Stifel upgrades UPS to Buy with $121 target following share pullback
Stifel analyst David Ross upgraded UPS (UPS) to Buy from Hold while lowering his price target for the shares to $121 from $127. The shipping giant closed yesterday up 44c to $105.81. Following the recent share pullback, UPS' valuation is "reasonable" considering the risks ahead and the increased capital investments expected over the next several years, Ross tells investors in a research note partially titled "Brown Still Printing Plenty of Green." Assuming Amazon (AMZN) remains a "significant and profitable" customer, and the Teamsters do not go on strike, the analyst believes the shares have been oversold. He finds UPS the most attractive dividend play in large cap U.S. transportation and believes the package and general freight markets will "remain strong."
03/06/18
03/06/18
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. UPS (UPS) upgraded to Buy from Hold at Stifel with analyst David Ross saying after the recent share pullback, UPS' valuation is "reasonable" considering the risks ahead and the increased capital investments expected over the next several years. 2. PPL Corp. (PPL) upgraded to Outperform from Sector Perform at RBC Capital with analyst Shelby Tucker saying he believes that the uncertainty around the impact of RIIO-2 price controls on the company's financials has been more than discounted in the stock price, while the equity needs due to tax reform have also been digested by investors. 3. First Republic (FRC) upgraded to Overweight from Equal Weight at Barclays with analyst Matthew Keating saying he believes the impact of First Republic's "millennial strategies" on client household acquisition is underappreciated and that tax reform will not weigh the bank's businesses. 4. Herbalife Nutrition (HLF) upgraded to Buy from Neutral at Citi with analyst Beth Kite saying since January, the company has made capital allocation announcements, enacted several executive changes, and found out that Bill Ackman closed out his long-standing and well-publicized short position. 5. Mylan (MYL) upgraded to Overweight from Equal Weight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/06/18
STFL
03/06/18
UPGRADE
STFL
Buy
UPS upgraded to Buy from Hold at Stifel
FDX FedEx
$251.99

2.38 (0.95%)

02/23/18
02/23/18
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. FedEx (FDX) upgraded to Outperform from Market Perform at Bernstein with analyst David Vernon saying he expects revenue and earnings growth to be driven by a strengthening global economy and rising interest rates, the tightening domestic transportation market and demand for B2C delivery. 2. BT Group (BT) upgraded to Buy from Hold at Berenberg. 3. Financial Engines (FNGN) upgraded to Outperform from Market Perform at William Blair with analyst Robert Napoli citing the company's "strong" quarter. 4. Lennar (LEN) upgraded to Outperform from In Line at Evercore ISI. 5. Devon Energy (DVN) upgraded to Buy from Hold at KLR Group with analyst John Gerdes noting that the stock is down over 30% and has significantly underperformed the sector since late January, when he had previously downgraded it. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/13/18
SBSH
03/13/18
NO CHANGE
Target $304
SBSH
Buy
FedEx stock 'lull' brings buying opportunity, says Citi
Citi analyst Christian Wetherbee believes the "lull" in FedEx shares presents a buying opportunity ahead of June. The analyst, however, lowered his Q3 earnings per share estimate to $3.10 from $3.30 to reflect "some challenging" January weather. FedEx will provide two positive messages in June, Wetherbee tells investors in a research note. The first being Ground capex declining and the second will be above consensus fiscal 2019 guidance, the analyst contends. He sees "material upside potential" in FedEx shares and keeps a Buy rating on the name with a $304 price target.
03/16/18
OPCO
03/16/18
NO CHANGE
Target $274
OPCO
Outperform
FedEx price target raised to $274 at Oppenheimer ahead of Q3 earnings report
Oppenheimer analyst Scott Schneeberger raised his price target on FedEx to $274 from $265 and reiterated his Outperform rating on shares ahead of the company's Q3 earnings release on March 20. In a research note to investors, the analyst said FedEx appears to have executed well during 2017's peak season, delivering "strong" service levels as it seemingly achieved its operational and financial goals. Schneeberger anticipates continued segment margin expansion in Ground, and noted that the business environment for Express and Freight has been "favorable" considering strong international air freight and Less Than Truckload market conditions. The analyst also said he is "incrementally conservative" on FedEx's overall operating environment and execution.
W Wayfair
$76.50

-0.03 (-0.04%)

03/08/18
LOOP
03/08/18
NO CHANGE
LOOP
Buy
Loop Capital sees 'strategic rationale' for Amazon to buy Wayfair
Loop Capital analyst Laura Champine writes that there is a "compelling strategic rationale" for Amazon (AMZN) to acquire Wayfair (W), as has been recently speculated in The Wall Street Journal and Forbes, particularly in light of its interest in home furnishings along with its appetite for "sizeable acquisitions". The analyst adds that while it would be dilutive for Amazon EPS to buy Wayfair in the short run, the management's long-term focus could be sufficient to consider the acquisition. Champine notes that the possibility of such a deal supports her Buy rating on Wayfair.
03/16/18
OPCO
03/16/18
NO CHANGE
Target $105
OPCO
Outperform
Oppenheimer 'even more confident' in Wayfair outlook, backs Outperform rating
Oppenheimer analyst Brian Nagel said he is "even more confident in the positive outlook" for Wayfair after speaking with the company's senior management over the phone. In a research note to investors, Nagel said that investment spending at Wayfair is "strategic" and will enhance its competitive positioning over time. Nagel also noted that Wayfair has historically set quarterly guidance in a way that allows for more upside to sales than EBITDA and he expects this to continue, and notes that the company remains in "hiring mode." The analyst backed his Outperform rating and $105 price target on Wayfair shares.
03/16/18
DADA
03/16/18
DOWNGRADE
Target $65
DADA
Underperform
Wayfair downgraded to Underperform from Neutral at DA Davidson
DA Davidson analyst Tom Forte downgraded Wayfair (W) to Underperform from Neutral, stating that "in hindsight" he now sees management's declaration on its Q4 earnings call of plans to significantly ramp investment spending as influenced by increased competition from Overstock (OSTK). The analyst, who thinks increased competition in the online home category could have "an ever greater negative impact" and more than first suggested by Wayfair's guidance, keeps a $65 price target on Wayfair shares.
03/16/18
03/16/18
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. Dominion (D) downgraded to Neutral from Buy at UBS and to Neutral from Overweight at JPMorgan. 2. WideOpenWest (WOW) downgraded to Neutral from Buy at UBS with analyst John Hodulik saying he believes the company's rising investment pushes out its growth. 3. Valvoline (VVV) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas citing valuation. 4. RPM (RPM) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying RPM shares trade at the high end of a valuation range for its coatings peers. 5. Wayfair (W) downgraded to Underperform from Neutral at DA Davidson with analyst Tom Forte saying "in hindsight" he now sees management's declaration on its fourth quarter earnings call of plans to significantly ramp investment spending as influenced by increased competition from Overstock (OSTK). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
HSY Hershey
$100.33

0.26 (0.26%)

02/14/18
JPMS
02/14/18
INITIATION
Target $106
JPMS
Neutral
Hershey reinstated with a Neutral at JPMorgan
JPMorgan analyst Ken Goldman reinstated coverage of Hershey with a Neutral rating and $106 price target. The slowing U.S. chocolate category, a more aggressive rival in Mars, and an investment year in 2018 make it difficult to be "overly excited" by Hershey's near-term fundamentals, Goldman tells investors in a research note.
02/14/18
MSCO
02/14/18
NO CHANGE
Target $100
MSCO
Underweight
Morgan Stanley says Hershey still has downside risk given market share losses
Despite "meaningful" underperformance year-to-date for Hershey shares, Morgan Stanley analyst Matthew Grainger still sees fundamental risk to the downside given the accelerated market share losses in the company's core chocolate category, he tells investors. Competitive pressure within chocolate and snacking continues to build, which should keep constraining margin expansion over the mid-term, said Grainger, who keeps an Underweight rating and $100 price target on Hershey shares.
02/14/18
02/14/18
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. Hershey (HSY) reinstated with a Neutral at JPMorgan. 2. Customers Bancorp (CUBI) initiated with a Neutral at DA Davidson. 3. Restoration Robotics (HAIR) initiated with a Buy at Craig-Hallum. 4. Nuvectra (NVTR) initiated with an Outperform at JMP Securities. 5. Endo (ENDP) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
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.
GS Goldman Sachs
$263.19

0.66 (0.25%)

01/25/18
WELS
01/25/18
NO CHANGE
Target $320
WELS
Outperform
Goldman Sachs price target raised to $320 from $295 at Wells Fargo
Wells Fargo analyst Mike Mayo raised his price target for Goldman Sachs to $320 form $295 saying it should have the highest pre-tax margin this decade by 2019. The analyst notes that Goldman has preserved more of its infrastructure than peer even while reducing comp and non-comp expense, which should result in greater revenues at lower marginal cost. Mayo reiterates an Outperform rating on the shares.
01/18/18
RBCM
01/18/18
NO CHANGE
Target $265
RBCM
Sector Perform
Goldman Sachs price target raised to $265 from $240 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on Goldman Sachs to $265 and kept his Sector Perform rating following Q4 earnings. Cassidy contends that the weak trading results, particularly in FICC, were more than offset by Goldman's "diversified revenue mix, led by strong Investment banking results and private equity gains". The analyst also notes the company's efforts to grow and deepen relationships across its major businesses, while deriving further benefits from the "actual and perceived loosening of regulations under the Trump administration".
02/02/18
MSCO
02/02/18
NO CHANGE
MSCO
BofA, JPMorgan, Citi best positioned for tougher CCAR test, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck said she had expected an easier stress test from the Federal Reserve but that the 2018 CCAR test actually seems tougher than last year, given the more intense recessions and lower asset prices modeled in it. A tougher test makes her less optimistic on her strong payout growth expectations, said Graseck, who sees Bank of America (BAC), JPMorgan (JPM) and Citi (C) as best positioned to "weather the storm" and increase payouts given their resilient balance sheets and significant excess capital. She sees Goldman Sachs (GS), which recently cut buybacks, as at risk from a tougher test, which likely weighs on the bank's 2018 ask, Graseck added.
01/31/18
DBAB
01/31/18
NO CHANGE
Target $15
DBAB
Sell
GE likely to be dropped from Dow 30 index, says Deutsche Bank
General Electric (GE) is likely to be dropped from the Dow Jones Industrial Average after being in the index of 30 companies for over 110 years as an original member since 1896, Deutsche Bank analyst John Inch tells investors in a research note. The chances that GE could be removed from the Dow are increasing as the company continues to face "substantial challenges," the analyst writes. These include "earnings and cash pressure, tough global power generation markets, aggressive downsizing, shrinking its portfolio, management shake-up and SEC investigations," Inch argues. He sees "headline risk" as the most significant risk factor if GE were to be dropped from the Dow, "potentially amplified by GE's high mix of retail investors." Inch notes that the last major Dow shakeup occurred in September 2003, when American Airlines (AAL), Bank of America (BAC) and Hewlett Packard (HPQ) were removed and Goldman Sachs (GS), Nike (NKE) and Verizon (VZ) were added. Inch has a Sell rating on General Electric with a $15 price target. The shares closed yesterday down 33c to $15.95.
JPM JPMorgan
$114.64

0.11 (0.10%)

02/21/18
JEFF
02/21/18
NO CHANGE
JEFF
JPMorgan price target raised to $131 from $124 at Jefferies
Jefferies analyst Ken Usdin raised his price target on JPMorgan to $131 from $124, as well his FY18/FY19 EPS estimates for the company, ahead of JPMorgan's Investor Day on February 27, where Usdin expects to hear an "upbeat message about the macro backdrop, organic growth, and ongoing investments." Usdin maintained a Buy rating on JPMorgan shares.
02/13/18
02/13/18
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. JPMorgan (JPM) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Kleinhanzl saying he views the recent pullback in the shares as a buying opportunity. 2. Total (TOT) upgraded to Overweight from Equal Weight at Morgan Stanley and to Strong Buy from Outperform at Raymond James. 3. Celgene (CELG) upgraded to Overweight from Equal Weight at Barclays with analyst Geoff Meacham saying the current valuation largely reflects the risk. 4. Quest Diagnostics (DGX) upgraded to Outperform from Neutral at Credit Suisse with analyst A.J. Rice saying he believes the company has "substantial runway on several fronts," including its Optum partnership related to revenue cycle management, which he believes could reduce bad debts and claims denials. 5. Boeing (BA) upgraded to Buy from Hold at Edward Jones. 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
KBWI
02/13/18
UPGRADE
Target $127
KBWI
Outperform
JPMorgan upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded JPMorgan to Outperform with an unchanged price target of $127. The analyst views the recent pullback in the shares as a buying opportunity.
02/21/18
MSCO
02/21/18
NO CHANGE
Target $136
MSCO
Overweight
Morgan Stanley sees JPMorgan turning tax savings into market share gains
Morgan Stanley analyst Betsy Graseck raised her 2022 EPS estimate for JPMorgan (JPM) by 2%, or 34c, stating that she expects the bank to reach top 5 in the 15-20 new markets it previously said it will use a part of its tax savings reinvestments to enter. The 34c in EPS she estimates JPMorgan can add by building out its presence in 20 new markets by 2022 is "far more compelling" than using the same amount of money to buy back stock, which would increase 2022 EPS only 5c, said Graseck. The analyst sees about a third of JPMorgan's new deposit share gains to come from Wells Fargo (WFC) and cut her 2022 EPS forecast for the latter by 1.2%. Graseck keeps an Overweight rating on JPMorgan ahead of the bank's February 27 investor day and increased her price target on the stock to $136 from $133.
AMZN Amazon.com
$1,586.51

41.58 (2.69%)

03/19/18
JMPS
03/19/18
NO CHANGE
Target $48
JMPS
Outperform
Any weakness in Cornerstone OnDemand a buying opportunity, says JMP Securities
JMP Securities analyst Patrick Walravens reiterated his Outperform rating and $48 price target on Cornerstone OnDemand (CSOD) after CNBC said last week that Amazon's (AMZN) Amazon Web Services is "considering a service for companies to show training content to their employees," and further suggested that Amazon had "explored the learning-management field and concluded that none of the available tools were just right for its own workers," that the company would "build its own system," and that the "idea was to build something 'commercializable.'" Walravens views any weakness in the stock from this news as a buying opportunity, as his due diligence with industry sources int he Cornerstone ecosystem "suggest that these concerns may be overblown."
03/20/18
OPCO
03/20/18
NO CHANGE
OPCO
Whole Foods/Amazon Prime Now difficult for grocers to match, says Oppenheimer
Oppenheimer analyst Rupesh Parikh spent time reviewing Amazon's physical grocery efforts including visiting three store types, namely Whole Foods location with Amazon Prime Now, Amazon Fresh grocery pickup, and Amazon Go. The analyst believes the Whole Foods/Amazon Prime Now offering with "free" delivery for Prime members represents potentially the most concerning development as its will be difficult for grocers to match.
WMT Walmart
$87.95

0.5 (0.57%)

03/02/18
OPCO
03/02/18
DOWNGRADE
Target $93
OPCO
Perform
Oppenheimer 'no longer sees the case' for Walmart outperformance
Oppenheimer analysts Rupesh Parikh and Brian Nagel downgraded Walmart to Perform from Outperform on increasing concerns of dwindling e-commerce sales expansion and a more muted EPS growth view. Though the analysts, who cut their price target on shares to $93 from $110, remain "upbeat" on the retailer's strategic direction, they no longer see the case for Walmart outperformance and are "increasingly concerned" that the valuation at which shares trade could prove capped.
03/02/18
03/02/18
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. Walmart (WMT) downgraded to Perform from Outperform at Oppenheimer by analysts Rupesh Parikh and Brian Nagel, who said that while they remain "upbeat" on the retailer's strategic direction, they no longer see the case for Walmart outperformance and are "increasingly concerned" that the valuation at which shares trade could prove capped. 2. VMware (VMW) downgraded to Hold from Buy at Stifel by analyst Brad Reback, who sees "too much uncertainty" as parent Dell Technologies (DVMT) evaluates "potential business opportunities." He believes, however, that VMware continues to execute well following its "strong" Q4 results. 3. Ruth's Hospitality (RUTH) downgraded to Hold from Buy at Deutsche Bank by analyst Brett Levy, who said the company's progress and upside are largely priced in given the company's premium multiple, Levy tells investors in a research note. The analyst this morning also upgraded both Bloomin' Brands (BLMN) and Del Frisco's (DFRG) to Buy. 4. Opko Health (OPK) downgraded to Underweight from Neutral at JPMorgan by analyst Eric Joseph, who believes the company's Q4 miss raises "significant doubts" for the core diagnostics/ BRL business. He believes the stock will continue to see pressure going forward. 5. Pure Storage (PSTG) downgraded to Neutral from Positive at Susquehanna by analyst Mehdi Hosseini, who cited the lack of visibility, particularly around FlashBlade, to raise estimates from current levels, which would be necessary for the next leg of appreciation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/02/18
OPCO
03/02/18
DOWNGRADE
OPCO
Perform
Walmart downgraded to Perform from Outperform at Oppenheimer

TODAY'S FREE FLY STORIES

CGC

Canopy Growth

$32.74

1.86 (6.02%)

11:25
08/17/18
08/17
11:25
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11:25
Options
Canopy Growth call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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T

AT&T

$33.21

0.13 (0.39%)

, VIA

Viacom

$35.75

0.25 (0.70%)

11:19
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08/17
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11:19
Hot Stocks
Box Office Battle: 'Crazy Rich Asians' expected to edge out 'The Meg' »

The major release opening…

T

AT&T

$33.21

0.13 (0.39%)

VIA

Viacom

$35.75

0.25 (0.70%)

VIAB

Viacom

$30.60

0.5 (1.66%)

CMCSA

Comcast

$35.59

-0.07 (-0.20%)

CMCSK

Comcast

$0.00

(0.00%)

FOX

21st Century Fox

$44.86

-0.25 (-0.55%)

FOXA

21st Century Fox

$45.41

-0.3 (-0.66%)

LGF.A

Lionsgate

$22.90

-0.16 (-0.69%)

LGF.B

Lionsgate

$21.71

-0.24 (-1.09%)

SNE

Sony

$54.21

0.385 (0.72%)

DIS

Disney

$112.10

-0.39 (-0.35%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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08/17
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11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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NYSE market internals summary »

Volume is below average…

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11:15
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General news
Treasury Option Action: put butterfly positioning in the belly »

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BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

11:13
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11:13
Hot Stocks
The Intersection: Crypto and Wall Street This Week »

As bitcoin, ethereum and…

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

TSM

TSMC

$39.87

-0.55 (-1.36%)

NVDA

Nvidia

$247.00

-10.57 (-4.10%)

AMD

AMD

$19.48

0.14 (0.72%)

OSTK

Overstock.com

$30.75

0.55 (1.82%)

DPW

DPW Holdings

$0.42

0.019 (4.76%)

KODK

Kodak

$2.90

-0.1 (-3.33%)

SSC

Seven Stars Cloud Group

$1.99

0.01 (0.51%)

RIOT

Riot Blockchain

$5.35

-0.055 (-1.02%)

TEUM

Pareteum

$2.52

-0.01 (-0.40%)

SRAX

Social Reality

$4.18

-0.16 (-3.69%)

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  • 23

    Aug

  • 28

    Aug

  • 12

    Sep

11:05
08/17/18
08/17
11:05
08/17/18
11:05
General news
The U.S. QSS figures »

The U.S. QSS figures that…

NVDA

Nvidia

$247.12

-10.45 (-4.06%)

, ESPR

Esperion

$48.10

1.41 (3.02%)

11:04
08/17/18
08/17
11:04
08/17/18
11:04
Recommendations
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's…

NVDA

Nvidia

$247.12

-10.45 (-4.06%)

ESPR

Esperion

$48.10

1.41 (3.02%)

DSW

DSW

$25.85

-1.97 (-7.08%)

MTCH

Match Group

$46.87

0.49 (1.06%)

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  • 28

    Aug

  • 12

    Sep

  • 12

    Sep

FIBK

First Interstate

$45.20

(0.00%)

11:02
08/17/18
08/17
11:02
08/17/18
11:02
Hot Stocks
First Interstate completes acquisition of Northwest Bancorporation »

Effective August 16,…

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  • 07

    Nov

LB

L Brands

$32.34

0.24 (0.75%)

11:00
08/17/18
08/17
11:00
08/17/18
11:00
Options
Defensive one-week option play in L Brands ahead of earnings »

Defensive one-week option…

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  • 23

    Aug

SYMC

Symantec

$19.44

0.115 (0.60%)

10:40
08/17/18
08/17
10:40
08/17/18
10:40
Options
Symantec sees in the money put buying »

Symantec sees in the…

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  • 12

    Sep

DE

Deere

$136.75

-0.63 (-0.46%)

10:39
08/17/18
08/17
10:39
08/17/18
10:39
Hot Stocks
Breaking Hot Stocks news story on Deere »

Deere says cash use…

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  • 17

    Aug

TSLA

Tesla

$313.73

-21.73 (-6.48%)

10:37
08/17/18
08/17
10:37
08/17/18
10:37
Technical Analysis
Technical Take: Tesla nearing bearish head and shoulders target »

In a note published here…

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  • 29

    Oct

PK

Park Hotels & Resorts

$32.15

-0.19 (-0.59%)

10:36
08/17/18
08/17
10:36
08/17/18
10:36
Hot Stocks
Park Hotels & Resorts mentioned positively by Hedgeye »

Hedgeye made positive…

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10:35
08/17/18
08/17
10:35
08/17/18
10:35
General news
FX Action: Cable is set to rack up a sixth consecutive week of declines »

FX Action: Cable is set…

WBK

Westpac Banking

$21.99

0.09 (0.41%)

10:33
08/17/18
08/17
10:33
08/17/18
10:33
Downgrade
Westpac Banking rating change  »

Westpac Banking…

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  • 10

    Sep

DE

Deere

$137.29

-0.09 (-0.07%)

10:31
08/17/18
08/17
10:31
08/17/18
10:31
Hot Stocks
Deere expects FY18 net operating cash flows from equipment operations $3.5B »

Says had another…

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  • 17

    Aug

SPY

SPDR S&P 500 ETF Trust

$283.54

-0.55 (-0.19%)

10:30
08/17/18
08/17
10:30
08/17/18
10:30
Options
Bullish end of year play in SPYders »

Bullish end of year play…

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10:25
08/17/18
08/17
10:25
08/17/18
10:25
General news
The Michigan sentiment drop to an 11-month low »

The Michigan sentiment…

GERN

Geron

$3.99

0.04 (1.01%)

10:20
08/17/18
08/17
10:20
08/17/18
10:20
Options
Geron draws far upside call buyers »

Geron draws far upside…

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  • 04

    Sep

10:20
08/17/18
08/17
10:20
08/17/18
10:20
General news
U.S. leading indicator rose 0.6% to 110.7 in July »

U.S. leading indicator…

DARE

Dare Bioscience

$1.01

0.01 (1.00%)

, WSC

WillScot

$16.10

0.2 (1.26%)

10:18
08/17/18
08/17
10:18
08/17/18
10:18
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

DARE

Dare Bioscience

$1.01

0.01 (1.00%)

WSC

WillScot

$16.10

0.2 (1.26%)

LGND

Ligand

$237.18

-2.66 (-1.11%)

COT

Cott Corp.

$15.98

0.34 (2.17%)

AZRE

Azure Power

$15.95

(0.00%)

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  • 06

    Nov

DF

Dean Foods

$8.01

-0.62 (-7.18%)

, WAB

Wabtec

$108.87

-1.73 (-1.56%)

10:17
08/17/18
08/17
10:17
08/17/18
10:17
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

DF

Dean Foods

$8.01

-0.62 (-7.18%)

WAB

Wabtec

$108.87

-1.73 (-1.56%)

YUMC

Yum China

$34.48

-0.85 (-2.41%)

DSW

DSW

$25.77

-2.05 (-7.37%)

SUI

Sun Communities

$101.22

-0.895 (-0.88%)

03/08/13
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  • 28

    Aug

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    Sep

  • 12

    Sep

  • 06

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
08/17/18
08/17
10:17
08/17/18
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
08/17/18
08/17
10:16
08/17/18
10:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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