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SAVE

Spirit Airlines

$36.60

-1.14 (-3.02%)

, NOG

Northern Oil and Gas

$1.54

0.06 (4.05%)

10:34
04/09/18
04/09
10:34
04/09/18
10:34

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Spirit Airlines (SAVE) initiated with a Neutral at UBS. 2. Northern Oil and Gas (NOG) initiated with a Buy at Stifel. 3. Camtek (CAMT) initiated with an Outperform at Northland. 4. Ares Management (ARES) initiated with a Buy at UBS. 5. Arcus Biosciences (RCUS) initiated with an Outperform at Leerink, a Buy at Citi, and a Neutral at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

SAVE

Spirit Airlines

$36.60

-1.14 (-3.02%)

NOG

Northern Oil and Gas

$1.54

0.06 (4.05%)

CAMT

Camtek

$6.71

-0.03 (-0.45%)

ARES

Ares Management

$21.60

0.7 (3.35%)

RCUS

Arcus Biosciences

$13.83

-0.51 (-3.56%)

  • 14

    Apr

  • 22

    May

SAVE Spirit Airlines
$36.60

-1.14 (-3.02%)

04/09/18
UBSW
04/09/18
INITIATION
Target $40
UBSW
Neutral
Spirit Airlines initiated with a Neutral at UBS
UBS analyst Darryl Genovesi initiated Spirit Airlines with a Neutral rating and $40 price target.
02/07/18
02/07/18
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. Lennar (LEN) upgraded to Overweight from Equal Weight at Barclays with analyst Michael Dahl saying he now expects higher returns, margins and growth, and thinks "strong" free cash flow" creates balance sheet optionality. 2. Chevron (CVX) upgraded to Outperform from Market Perform at Wells Fargo with analyst Roger Read saying he believes the energy sector's potential combination of growth and returns is attractive and could drive better shareholder returns in 2018. 3. Wynn Resorts (WYNN) was upgraded to Overweight from Neutral at JPMorgan and to Buy from Neutral at Nomura Instinet. 4. Snap (SNAP) was upgraded to Buy from Neutral at BofA/Merrill, to Hold from Sell at SunTrust, to Neutral from Underweight at JPMorgan, to In Line from Underperform at Evercore ISI, and to Outperform from Sector Perform at RBC Capital. 5. Spirit Airlines (SAVE) was upgraded to Outperform from Neutral at Macquarie and to Outperform from In-Line at Imperial 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.
02/07/18
MACQ
02/07/18
UPGRADE
Target $57
MACQ
Outperform
Spirit Airlines upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Susan Donofrio upgraded Spirit Airlines to Outperform with a $57 price target saying the tentative pilot's agreement removes an uncertainty and the current environment of less aggressive competitive pricing actions is a positive.
02/07/18
IMPC
02/07/18
UPGRADE
Target $49
IMPC
Outperform
Spirit Airlines upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin upgraded Spirit Airlines to Outperform and raised his price target for the shares to $49 from $42. The shares are fully discounting the impact from the potential contract with the pilots and the competitive situation with United Continental (UAL), Derchin tells investors in a research note. The analyst sees upside from "strong" ancillary revenues, operational improvements, and decelerating capacity growth.
NOG Northern Oil and Gas
$1.54

0.06 (4.05%)

06/21/17
SOCO
06/21/17
DOWNGRADE
SOCO
Underweight
Northern Oil and Gas downgraded to Underweight from Equalweight at Capital One
12/21/17
IMPC
12/21/17
NO CHANGE
Target $2
IMPC
Outperform
Northern Oil and Gas price target raised to $2 from $1 at Imperial Capital
Imperial Capital analyst Jason Wangler raised his price target for Northern Oil and Gas to $2 following the company's Q4 update and preliminary 2018 guidance. The analyst raised his estimates but believes Northern's elevated debt level and cash flow outspend remain hurdles. He keeps an In-Line rating on the shares.
04/09/18
STFL
04/09/18
INITIATION
Target $3.1
STFL
Buy
Northern Oil and Gas initiated with a Buy at Stifel
Stifel analyst Derrick Whitfield started Northern Oil and Gas with a Buy rating and $3.10 price target, stating that he believes the Williston Basin is quickly becoming the preferred quality basin for investors to hedge their Permian exposure. Northern Oil has the chance to participate in the best wells in the basin and acquire highly accretive assets with limited buyer competition, contends Whitfield.
10/03/17
IMPC
10/03/17
INITIATION
Target $1
IMPC
In-Line
Northern Oil and Gas initiated with an In-Line at Imperial Capital
Imperial Capital analyst Jason Wangler started Northern Oil and Gas with an In-Line rating and $1 price target.
CAMT Camtek
$6.71

-0.03 (-0.45%)

04/09/18
NORL
04/09/18
INITIATION
Target $10
NORL
Outperform
Camtek initiated with an Outperform at Northland
Northland initiated Camtek with an Outperform and $10 price target.
10/03/17
NEED
10/03/17
UPGRADE
Target $7
NEED
Buy
Camtek upgraded to Buy from Hold at Needham
Needham analyst Edwin Mok upgraded Camtek to Buy and established a $7 price target after it completed the previously announced PCB divestiture. The analyst said Camtek has transformed into a pure play back-end semi inspection company and is better positioned to deliver more consistent and stronger growth than peers.
06/27/17
NEED
06/27/17
DOWNGRADE
NEED
Hold
Camtek downgraded to Hold from Buy at Needham
Needham analyst Y. Edwin Mok downgraded Camtek to Hold from Buy, as he expects to see some deceleration as the PCB business normalizes and he believes large orders for back-end semi inspections are already reflected in the stock after its recent run-up.
06/27/17
06/27/17
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. Impinj (PI) was downgraded to Sector Weight from Overweight by Pacific Crest analyst Brad Erickson based on valuation. 2. Mizuho analyst Haendel St. Juste downgraded Store Capital (STOR) to Neutral from Buy citing fair valuation following recent strength driven by Berkshire Hathaway's (BRK.A) investment. 3. Camtek (CAMT) was downgraded to Hold from Buy by Needham analyst Y. Edwin Mok, as he expects to see some deceleration as the PCB business normalizes and he believes large orders for back-end semi inspections are already reflected in the stock after its recent run-up. 4. Nomura Instinet analyst Dan Dolev downgraded Cintas (CTAS) to Neutral from Buy after lowering his FY18 uniform rental organic growth forecasts to 5% from 7%. 5. Atlantic Equities analyst Barry MacCarthy downgraded Hess Corp. (HES) and Schlumberger (SLB), both to Neutral from Overweight, given his view of the limited prospects for an oil price rebound. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ARES Ares Management
$21.60

0.7 (3.35%)

02/16/18
WELS
02/16/18
DOWNGRADE
WELS
Market Perform
Ares Management downgraded to Market Perform from Outperform at Wells Fargo
01/30/18
MSCO
01/30/18
NO CHANGE
MSCO
Morgan Stanley says Ares may be first, Apollo may gain most from C-corp convert
Morgan Stanley analyst Michael Cyprys said he sees an opportunity for Alternative Asset Managers to unlock value by converting to C-corps, as shifting from a partnership structure could help alleviate some tax reporting complexities and expand the universe of eligible investors. He sees Ares Management (ARES) as possibly the first to convert and expects a potential announcement or indications of management's intentions about a conversion when the company reports earnings on February 15. While Ares may be first, Cyprys sees Apollo Global (APO) as potentially being able to unlock the most value from a conversion, with 26% near-term upside possible if the shares re-rate. He sees a less favorable conversion scenario for asset managers with lower taxes and/or greater exposure to performance fees, including KKR (KKR), Carlyle Group (CG) and Blackstone (BX), Cyprys tells investors.
04/09/18
UBSW
04/09/18
INITIATION
Target $30
UBSW
Buy
Ares Management initiated with a Buy at UBS
UBS analyst Brent Dilts initiated Ares Management L.P. with a Buy rating and $30 price target.
02/16/18
WELS
02/16/18
DOWNGRADE
WELS
Market Perform
Ares Management downgraded to Market Perform on valuation at Wells Fargo
Wells Fargo analyst Christopher Harris downgraded Ares Management to Market Perform from Outperform with an unchanged price target of $25. The analyst shareholder value has been unlocked following the post-earrings 8% rise in the stock. The company's switch to corporate tax status comes with several benefits, but the valuation is fair at current share levels, Harris tells investors in a research note.
RCUS Arcus Biosciences
$13.83

-0.51 (-3.56%)

04/09/18
LEER
04/09/18
INITIATION
Target $21
LEER
Outperform
Arcus Biosciences initiated with an Outperform at Leerink
Leerink initiated Arcus Biosciences with an Outperform and $21 price target.
04/09/18
SBSH
04/09/18
INITIATION
Target $25
SBSH
Buy
Arcus Biosciences initiated with a Buy at Citi
Citi analyst Robyn Karnauskas started Arcus Biosciences with a Buy rating and $25 price target. The analyst says that while lead compound data is not expected until the first half of 2019, Arcus' proven management and drugs targeting validated pathway make the company competitive despite the crowded landscape in solid tumors.
04/09/18
GSCO
04/09/18
INITIATION
Target $18
GSCO
Neutral
Arcus Biosciences initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Salveen Richter started Arcus Biosciences with a Neutral rating and $18 price target. The analyst sees a lack of near-term pipeline catalysts for the shares.

TODAY'S FREE FLY STORIES

IVC

Invacare

$16.50

0.15 (0.92%)

21:30
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08/15
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21:30
Downgrade
Invacare rating change  »

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  • 12

    Sep

PRO

Pros Holdings

$35.39

-1.91 (-5.12%)

20:39
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08/15
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20:39
Syndicate
Pros Holdings 3.8M share Secondary priced at $34.00 »

It appears selling…

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  • 06

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IIN

IntriCon

$63.85

-4.9 (-7.13%)

20:34
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Syndicate
IntriCon 1.5M share Secondary priced at $55.00 »

Stifel acted as sole book…

03/08/13
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  • 06

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ADUS

Addus HomeCare

$59.35

-3.1 (-4.96%)

20:33
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08/15
20:33
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Syndicate
Addus HomeCare 2.1M share Secondary priced at $59.00 »

Jefferies, RBC Capital…

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  • 16

    Aug

LABL

Multi-Color

$63.90

-1 (-1.54%)

20:32
08/15/18
08/15
20:32
08/15/18
20:32
Downgrade
Multi-Color rating change  »

Multi-Color downgraded to…

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

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WMT

Walmart

$90.24

-0.565 (-0.62%)

, JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

20:25
08/15/18
08/15
20:25
08/15/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

WMT

Walmart

$90.24

-0.565 (-0.62%)

JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 16

    Aug

  • 16

    Aug

WUBA

58.com

$58.59

-3.27 (-5.29%)

19:09
08/15/18
08/15
19:09
08/15/18
19:09
Hot Stocks
Breaking Hot Stocks news story on 58.com »

58.com sees Q3 revenue…

03/08/13
Wedge Partners
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Citigroup
03/06/13
Barclays

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  • 16

    Aug

  • 10

    Sep

WUBA

58.com

$58.59

-3.27 (-5.29%)

19:08
08/15/18
08/15
19:08
08/15/18
19:08
Earnings
58.com reports Q2 adjusted earnings per ADS 82c, consensus 68c »

Reports Q2 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 16

    Aug

  • 10

    Sep

WAIR

Wesco Aircraft

$13.65

-0.3 (-2.15%)

19:07
08/15/18
08/15
19:07
08/15/18
19:07
Initiation
Wesco Aircraft initiated at UBS »

Wesco Aircraft initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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TGI

Triumph Group

$21.10

-0.9 (-4.09%)

19:07
08/15/18
08/15
19:07
08/15/18
19:07
Initiation
Triumph Group initiated at UBS »

Triumph Group initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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HXL

Hexcel

$68.40

-1.13 (-1.63%)

19:06
08/15/18
08/15
19:06
08/15/18
19:06
Initiation
Hexcel initiated at UBS »

Hexcel initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 06

    Nov

ERJ

Embraer

$18.64

-0.495 (-2.59%)

19:05
08/15/18
08/15
19:05
08/15/18
19:05
Initiation
Embraer initiated at UBS »

Embraer initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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CW

Curtiss-Wright

$130.92

-2.42 (-1.81%)

19:04
08/15/18
08/15
19:04
08/15/18
19:04
Initiation
Curtiss-Wright initiated at UBS »

Curtiss-Wright initiated…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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LLL

L3 Technologies

$208.08

-1.73 (-0.82%)

19:03
08/15/18
08/15
19:03
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19:03
Initiation
L3 Technologies initiated at UBS »

L3 Technologies initiated…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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GD

General Dynamics

$192.29

-1.33 (-0.69%)

19:03
08/15/18
08/15
19:03
08/15/18
19:03
Initiation
General Dynamics initiated at UBS »

General Dynamics…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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BDRBF

Bombardier

$0.00

(0.00%)

19:02
08/15/18
08/15
19:02
08/15/18
19:02
Initiation
Bombardier initiated at UBS »

Bombardier initiated with…

03/08/13
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03/08/13
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HEI

Heico

$76.50

-1.81 (-2.31%)

19:00
08/15/18
08/15
19:00
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19:00
Initiation
Heico initiated at UBS »

Heico initiated with a…

03/08/13
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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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  • 28

    Aug

  • 13

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  • 06

    Nov

HRS

Harris

$162.73

-2.15 (-1.30%)

18:59
08/15/18
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18:59
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18:59
Initiation
Harris initiated at UBS »

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03/06/13
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NOC

Northrop Grumman

$291.52

-2.35 (-0.80%)

18:59
08/15/18
08/15
18:59
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18:59
Initiation
Northrop Grumman initiated at UBS »

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PNC

PNC Financial

$142.03

-0.7 (-0.49%)

, WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

18:57
08/15/18
08/15
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08/15/18
18:57
Periodicals
PNC faces subpoenas over low-income housing tax credits, Bloomberg says »

PNC Financial (PNC) has…

PNC

PNC Financial

$142.03

-0.7 (-0.49%)

WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 12

    Oct

  • 12

    Apr

  • 13

    Jul

  • 15

    Oct

UTX

United Technologies

$131.75

-0.65 (-0.49%)

18:57
08/15/18
08/15
18:57
08/15/18
18:57
Initiation
United Technologies initiated at UBS »

United Technologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Aug

B

Barnes Group

$65.59

-0.26 (-0.39%)

18:56
08/15/18
08/15
18:56
08/15/18
18:56
Initiation
Barnes Group initiated at UBS »

Barnes Group initiated…

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

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SPR

Spirit AeroSystems

$84.51

-1.6 (-1.86%)

18:55
08/15/18
08/15
18:55
08/15/18
18:55
Initiation
Spirit AeroSystems initiated at UBS »

Spirit AeroSystems…

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Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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TDG

TransDigm

$351.43

-5.195 (-1.46%)

18:54
08/15/18
08/15
18:54
08/15/18
18:54
Initiation
TransDigm initiated at UBS »

TransDigm initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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HII

Huntington Ingalls

$240.82

-2.5 (-1.03%)

18:54
08/15/18
08/15
18:54
08/15/18
18:54
Initiation
Huntington Ingalls initiated at UBS »

Huntington Ingalls…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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