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PAYC

Paycom

$111.54

-0.73 (-0.65%)

, JBHT

J.B. Hunt

$113.09

1.66 (1.49%)

10:21
04/12/18
04/12
10:21
04/12/18
10:21

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Paycom (PAYC) downgraded to Equal Weight from Overweight at Barclays with analyst Raimo Lenschow saying the stock has meaningfully outperformed over the last year while estimate revisions have been limited. 2. J.B. Hunt (JBHT) downgraded to Sector Weight from Overweight at KeyBanc. 3. Devon Energy (DVN) downgraded to Outperform from Focus List at Scotia Howard Weil. 4. PJT Partners (PJT) downgraded to Hold from Buy at Sandler O'Neill with analyst Sumeet Mody saying after appreciating 17% year-to-date, the stock is approaching fair value. 5. Bed Bath & Beyond (BBBY) downgraded to Underperform 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.

PAYC

Paycom

$111.54

-0.73 (-0.65%)

JBHT

J.B. Hunt

$113.09

1.66 (1.49%)

DVN

Devon Energy

$33.32

-0.42 (-1.24%)

PJT

PJT Partners

$53.36

-0.44 (-0.82%)

BBBY

Bed Bath & Beyond

$21.50

0.27 (1.27%)

  • 01

    May

  • 02

    May

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    May

  • 22

    May

PAYC Paycom
$111.54

-0.73 (-0.65%)

03/27/18
OPCO
03/27/18
NO CHANGE
Target $120
OPCO
Outperform
Paycom price target raised to $120 from $98 at Oppenheimer
Oppenheimer analyst Brian Schwartz raised his price target for Paycom to $120 from $98 saying he remains long-term positive on the name while noting valuation is likely recognizing a meaningful successful trajectory for the business over the FTM. The analyst reiterates an Outperform rating on the shares.
03/23/18
03/23/18
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. Square (SQ) downgraded to Sell from Hold at Craig-Hallum with analyst Brad Berning saying investors should use the company's easier comps in the first half of 2018 to take profits ahead of tougher comps in the second half of the year. 2. Paycom (PAYC) downgraded to Hold from Buy at Stifel with analyst Brad Reback saying he does not expect shares to outperform over the next twelve months, despite viewing Paycom as a leading mid-market human capital management provider and believes shares "deserve" to trade at some premium to Ultimate Software (ULTI) and Paylocity (PCTY) given modestly-higher growth and significantly-higher operating margin. 3. Buckeye Partners (BPL) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Tom Abrams citing the recent FERC ruling on cost of service pipelines. 4. Micron (MU) downgraded to Neutral from Buy at Citi with analyst Christopher Danely saying he sees downside risk to consensus estimates with NAND prices falling and believes the stock's current risk/reward profile no longer warrants a Buy rating. 5. Navios Maritime (NM) and Navios Maritime Midstream (NAP) were downgraded to Underweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/23/18
STFL
03/23/18
DOWNGRADE
Target $100
STFL
Hold
Paycom downgraded to Hold from Buy at Stifel
Stifel analyst Brad Reback downgraded shares of Paycom (PAYC) to Hold from Buy, telling investors in a research note that he does not expect shares to outperform over the next twelve months, despite viewing Paycom as a leading mid-market human capital management, or HCM, provider and believes shares "deserve" to trade at some premium to Ultimate Software (ULTI) and Paylocity (PCTY) given modestly-higher growth and significantly-higher operating margin. Overall, Reback believes Paycom has "limited" penetration of a large market opportunity that, coupled with other drivers like further penetrating existing territories, new sales offices and improving sales productivity, should enable healthy double-digit top- line growth and strong profitability in coming years. Reback raised his price target to $100 from $90.
04/12/18
LEHM
04/12/18
DOWNGRADE
Target $115
LEHM
Equal Weight
Paycom downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Raimo Lenschow downgraded Paycom to Equal Weight while raising his price target for the shares to $115 from $97. The stock has meaningfully outperformed over the last year while estimate revisions have been limited, Lenschow tells investors in a research note. He views Paycom as fully valued at current share levels.
JBHT J.B. Hunt
$113.09

1.66 (1.49%)

04/12/18
KEYB
04/12/18
DOWNGRADE
KEYB
Sector Weight
J.B. Hunt downgraded to Sector Weight from Overweight at KeyBanc
04/10/18
SPHN
04/10/18
NO CHANGE
Target $133
SPHN
Overweight
Stephens stays Overweight on J.B. Hunt, trims target to $133 ahead of earnings
Stephens analyst Brad Delco said he expects J.B. Hunt to report healthy demand trends across all business lines, but he sees bad weather, poor rail service, and driver wage pressure dampening earnings slightly compared to his prior estimates. While he lowered his price target on the stock to $133 from $140 given the Q1 factors described above, he believes J.B. Hunt is in the early rounds of bids and recommends investors focus more on rate progress than Q1 results. He keeps an Overweight rating on J.B. Hunt shares.
04/10/18
GSCO
04/10/18
INITIATION
Target $102
GSCO
Sell
J.B. Hunt initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Matt Reustle started J.B. Hunt with a Sell rating and $102 price target. The analyst expects the intermodal market to remain strong through the first half of 2018, but thinks the market has "moved somewhat ahead of itself." He thinks slowing intermodal share gains and the potential for disappointing margins may weigh on J.B. Hunt shares through 2018. Reustle this morning initiated the Truck sector with a Neutral coverage view, saying it is "too early to fade the trucking cycle."
04/06/18
STFL
04/06/18
INITIATION
Target $119
STFL
Hold
J.B. Hunt resumed with a Hold at Stifel
Stifel analyst David Ross resumed coverage of J.B. Hunt with a Hold rating and $119 price target.
DVN Devon Energy
$33.32

-0.42 (-1.24%)

04/12/18
HOWW
04/12/18
DOWNGRADE
HOWW
Outperform
Devon Energy downgraded to Outperform from Focus List at Scotia Howard Weil
03/07/18
UBSW
03/07/18
INITIATION
Target $35
UBSW
Neutral
Devon Energy initiated with a Neutral at UBS
UBS analyst Lloyd Byrne started Devon Energy with a Neutral rating and $35 price target.
02/23/18
02/23/18
UPGRADE
Target $49

Buy
Devon Energy upgraded to Buy after pullback at KLR Group
As previously reported, KLR Group analyst John Gerdes upgraded Devon Energy to Buy from Hold, noting that the stock is down over 30% and has significantly underperformed the sector since late January, when he had previously downgraded it. He maintains his $49 price target on Devon shares.
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.
PJT PJT Partners
$53.36

-0.44 (-0.82%)

01/03/18
BUCK
01/03/18
INITIATION
Target $51
BUCK
Neutral
PJT Partners initiated with a Neutral at Buckingham
Buckingham analyst James Mitchell started PJT Partners with a Neutral rating and $51 price target. The analyst views 2018 as a transition year for the company and finds the stock's risk/reward fairly balanced.
01/04/18
01/04/18
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. Square (SQ) initiated with a Buy at Buckingham. 2. Tyme Technologies (TYME) initiated with a Buy at Canaccord. 3. Visteon (VC) initiated with a Buy at Guggenheim. 4. Core-Mark (CORE) initiated with an Outperform at William Blair. 5. PJT Partners (PJT) initiated with a Neutral at Buckingham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/12/18
SDLR
04/12/18
DOWNGRADE
Target $57
SDLR
Hold
PJT Partners downgraded to Hold on valuation at Sandler O'Neill
Sandler O'Neill analyst Sumeet Mody downgraded PJT Partners to Hold from Buy while raising his price target for the shares to $57 from $55. The stock, after appreciating 17% year-to-date, is approaching fair value, Mody tells investors in a research note.
04/12/18
SDLR
04/12/18
DOWNGRADE
SDLR
Hold
PJT Partners downgraded to Hold from Buy at Sandler O'Neill
BBBY Bed Bath & Beyond
$21.50

0.27 (1.27%)

04/12/18
RAJA
04/12/18
DOWNGRADE
RAJA
Underperform
Bed Bath & Beyond downgraded to Underperform at Raymond James
04/12/18
MSCO
04/12/18
NO CHANGE
Target $16
MSCO
Underweight
Bed Bath & Beyond price target lowered to $16 from $20 at Morgan Stanley
Morgan Stanley analyst Simeon Gutman said he is not convinced Bed Bath & Beyond's revenue will respond to the company's initiatives. Beyond a lift from the Babies R' Us bankruptcy, it is hard for him to see how the company can drive positive same-store sales without the aid of promotions, Gutman tells investors. He maintains an Underweight rating on Bed Bath shares and lowered his price target on the stock to $16 from $20.
04/12/18
FBCO
04/12/18
NO CHANGE
Target $20
FBCO
Neutral
Bed Bath & Beyond price target lowered to $20 from $25 at Credit Suisse
Credit Suisse analyst Seth Sigman lowered his price target for Bed Bath & Beyond to $20 from $25 as the company's strategic plan is clear, but margin level leaves little room for error. The analyst reiterates a Neutral rating on the shares.
04/12/18
LOOP
04/12/18
NO CHANGE
LOOP
Bed Bath & Beyond price target lowered to $18 from $23 at Loop
Loop Capital analyst Anthony Chukumba lowered his price target on Bed Bath & Beyond to $18 from $23 and maintained a Hold rating following the company's "much worse-than-expected" FY18 earnings guidance and subsequent sell-off.

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HRTX

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TGI

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$26.05

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$NSD

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TWTR

Twitter

$31.93

0.39 (1.24%)

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General Electric

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KMB

Kimberly-Clark

$99.75

-3.59 (-3.47%)

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DVMT

Dell Technologies

$73.08

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LITE

Lumentum

$59.70

-0.25 (-0.42%)

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ALXN

Alexion

$104.44

-7.3 (-6.53%)

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AKRX

Akorn

$19.61

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SGMS

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ALXN

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$NSD

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