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RCL

Royal Caribbean

$114.73

1.57 (1.39%)

, NCLH

Norwegian Cruise Line

$53.34

1.01 (1.93%)

07:30
04/13/18
04/13
07:30
04/13/18
07:30

Caribbean cruise capacity concerns real, but overstated, says Wedbush

Wedbush analyst James Hardiman told investors in a research note that while he believes the risk surrounding capacity concerns and the general health of the Caribbean market is real, it is unlikely to threaten cruise companies' abilities to achieve previously communicated guidance. While March pricing for Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) was flat to down, Hardiman noted that it did show sequential improvement on both a year-over-year and two-year average basis, adding that Carnival (CCL) saw positive pricing growth, though the growth has decelerated sequentially. Hardiman continues to rate Royal Caribbean and Norwegian Outperform and Carnival Neutral, with price targets of $145, $65, and $71, respectively, and says Norwegian remains on the firm's Best Ideas List, as it has the least amount of exposure to the Caribbean market and major exposure to the "hot" European market.

RCL

Royal Caribbean

$114.73

1.57 (1.39%)

NCLH

Norwegian Cruise Line

$53.34

1.01 (1.93%)

CCL

Carnival

$63.75

0.11 (0.17%)

  • 04

    May

RCL Royal Caribbean
$114.73

1.57 (1.39%)

11/30/17
11/30/17
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. Gap (GPS) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez saying the risk/reward is skewed to the downside with the stock up nearly 40% over the past three months. 2. Royal Caribbean (RCL) was downgraded to Neutral from Outperform at Macquarie, while Norwegian Cruise Line (NCLH) was downgraded to Underperform from Neutral. 3. Dentsply Sirona (XRAY) downgraded to Neutral from Buy at H.C. Wainwright with analyst Raghuram Selvaraju citing valuation with the stock above his unchanged $68 price target. 4. Fibria Celulose (FBR) downgraded to Hold from Buy at Santander. 5. Mizuho Financial (MFG) downgraded to Equal Weight from Overweight 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.
12/04/17
STFL
12/04/17
NO CHANGE
STFL
Buy
Cruise stocks should perform well today with tax overhang removed, says Stifel
After the Senate's final tax bill had no specific cruise language in it, Stifel analyst Steven Wieczynski said he expects cruise operators' stocks to perform well today with this overhang now removed. The firm maintains Buy ratings on Carnival (CCL), Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH).
01/11/18
BREN
01/11/18
UPGRADE
BREN
Buy
Royal Caribbean upgraded to Buy from Hold at Berenberg
01/25/18
WEDB
01/25/18
NO CHANGE
Target $145
WEDB
Outperform
Royal Caribbean price target raised to $145 from $139 at Wedbush
Wedbush analyst James Hardiman raised his price target for Royal Caribbean to $145 from $139 after the company turned in an "exceptional" Q4, and despite a number of moving parts, guided 2018 largely as expected. The analyst reiterates an Outperform rating on the shares.
NCLH Norwegian Cruise Line
$53.34

1.01 (1.93%)

04/03/18
WEDB
04/03/18
NO CHANGE
WEDB
Activision Blizzard, Cognizant among Wedbush Best Ideas
Wedbush analyst Jesse Bigelow notes that his firm's Best Ideas List is comprised of "the highest rated U.S. Equities, chosen by its analysts and vetted by committee." The list includes Activision Blizzard (ATVI), Cognizant Technology Solutions (CTSH), Electronic Arts (EA), Fiesta Restaurant Group (FRGI), Foot Locker (FL), Norwegian Cruise Line Holdings (NCLH), Proofpoint (PFPT), Regions Financial (RF), and Worldpay (WP).
02/23/18
STFL
02/23/18
NO CHANGE
Target $70
STFL
Buy
Norwegian Cruise Line Q4 report evidence of 'unabated momentum,' says Stifel
Stifel analyst Steven Wieczynski questions why Norwegian Cruise Line shares have not only underperformed peers but the broader market over the last 12 months despite strong secular tailwinds for the cruise industry and "a multitude of compelling company-specific growth initiatives." The analyst, who sees the company's Q4 results as providing evidence of the "unabated momentum" in Norwegian's core operations, keeps a Buy rating on the stock and raised his price target to $70 from $68.
02/05/18
02/05/18
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. Lowe's (LOW) upgraded to Buy from Hold at Jefferies with analyst Daniel Binder saying his "deep-dive" analysis suggests the company can double EBIT and triple earnings within five years. 2. Charter (CHTR) upgraded to Outperform from Market Perform at Wells Fargo with analyst Marci Ryvicker saying she has "renewed confidence" in a successful turnaround despite a tough competitive environment. 3. Sprint (S) upgraded to Sector Weight from Underweight at KeyBanc with analyst Brandon Nispel saying the third quarter results were better than feared. 4. PayPal (PYPL) upgraded to Outperform from Market Perform at Wells Fargo with analyst Timothy Willi saying the strength of PayPal's competitive position and "substantial tailwinds" driving e-commerce growth will outweigh any negative earnings headwind that may emerge from the company's transitioning relationship with eBay (EBAY). 5. Norwegian Cruise Line (NCLH) upgraded to Overweight from Neutral at JPMorgan analyst Joseph Greff saying he believes demand and pricing trends in the Cruise Line industry continue to show momentum, and his channel checks indicate Norwegian has had the most pricing momentum over the past few months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/05/18
JPMS
02/05/18
UPGRADE
Target $70
JPMS
Overweight
Norwegian Cruise Line upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Joseph Greff upgraded Norwegian Cruise Line to Overweight and raised his price target for the shares to $70 from $62. The analyst believes demand and pricing trends in the Cruise Line industry continue to show momentum, and his channel checks indicate Norwegian has had the most pricing momentum over the past few months. He finds the stock's valuation attractive at current share levels.
CCL Carnival
$63.75

0.11 (0.17%)

01/09/18
FBCO
01/09/18
UPGRADE
Target $78.1
FBCO
Outperform
Carnival upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Tim Ramskill upgraded Carnival to Outperform and raised his price target for the shares to $78.10 from $72.40. The analyst is no longer cautious on the stock following the 33% underperformance of the cruise sector relative to lodging since September. He highlights the "resilience" of Carnival's bookings and says its "earnings and yield momentum dynamics are intact."
03/23/18
LEHM
03/23/18
UPGRADE
LEHM
Overweight
Carnival upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Felicia Hendrix upgraded Carnival to Overweight with a $77 price target following the company's Q1 results. The analyst views the stock's valuation as attractive relative to peers and believes Carnival's fundamentals are strong.
01/09/18
FBCO
01/09/18
UPGRADE
FBCO
Outperform
Carnival upgraded to Outperform from Neutral at Credit Suisse
04/11/18
STFL
04/11/18
NO CHANGE
Target $81
STFL
Buy
Carnival should be bought on weakness, says Stifel
Stifel notes that Carnival announced a 11% increase in its quarterly dividend to 50c per share and initiated a new $1B share repurchase authorization. Although Caribbean pricing concerns brought about by recent industry channel checks and pricing surveys have placed downward pressure on shares across the cruise operator group, the firm encourages investors to look beyond the noise of one particular market and focus on what very much remain strong underlying fundamentals supported by a truly global business. Stifel reiterates a Buy rating and $81 price target on Carnival shares and encourages investors to take advantage of what it views as an irrational pullback to add to or initiate positions in the name.

TODAY'S FREE FLY STORIES

HDSN

Hudson Technologies

$2.11

(0.00%)

09:38
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09:38
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EPM

Evolution Petroleum

$11.15

0.05 (0.45%)

09:37
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NOAH

Noah Holdings

$47.63

1.65 (3.59%)

09:36
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09:36
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$281.04

0.62 (0.22%)

09:36
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07/19
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09:36
General news
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S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$281.04

0.62 (0.22%)

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GOOG

Alphabet

$1,195.81

-3 (-0.25%)

, GOOGL

Alphabet Class A

$1,212.64

-1.01 (-0.08%)

09:34
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09:34
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GOOG

Alphabet

$1,195.81

-3 (-0.25%)

GOOGL

Alphabet Class A

$1,212.64

-1.01 (-0.08%)

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  • 23

    Jul

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    Jul

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    Aug

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    Sep

  • 28

    Oct

EBAY

eBay

$37.95

0.13 (0.34%)

09:33
07/19/18
07/19
09:33
07/19/18
09:33
Recommendations
eBay analyst commentary  »

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FTNT

Fortinet

$66.81

-0.09 (-0.13%)

09:33
07/19/18
07/19
09:33
07/19/18
09:33
Upgrade
Fortinet rating change  »

Fortinet upgraded to Buy…

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  • 01

    Aug

PLT

Plantronics

$76.03

-1.03 (-1.34%)

09:32
07/19/18
07/19
09:32
07/19/18
09:32
Periodicals
Plantronics mentioned cautiously by Seeking Alpha contributor 

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BGG

Briggs & Stratton

$17.71

0.235 (1.34%)

09:30
07/19/18
07/19
09:30
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09:30
Downgrade
Briggs & Stratton rating change  »

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09:30
07/19/18
07/19
09:30
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General news
Breaking General news story  »

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SQ

Square

$68.30

-0.02 (-0.03%)

09:29
07/19/18
07/19
09:29
07/19/18
09:29
Recommendations
Square analyst commentary  »

Square price target…

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  • 01

    Aug

  • 15

    Aug

  • 16

    Aug

FITB

Fifth Third

$30.26

0.75 (2.54%)

09:29
07/19/18
07/19
09:29
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09:29
Hot Stocks
Fifth Third sees Q3 NIM flat from Q2 »

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  • 19

    Jul

BA

Boeing

$360.23

3.28 (0.92%)

09:28
07/19/18
07/19
09:28
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09:28
Hot Stocks
Boeing announces $100B in orders and commitments at Farnborough Airshow »

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  • 25

    Jul

PM

Philip Morris

$82.16

-0.17 (-0.21%)

09:27
07/19/18
07/19
09:27
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09:27
Hot Stocks
Breaking Hot Stocks news story on Philip Morris »

Philip Morris cuts FY18…

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  • 19

    Jul

UAL

United Continental

$79.02

6.355 (8.75%)

09:27
07/19/18
07/19
09:27
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09:27
Recommendations
United Continental analyst commentary  »

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PM

Philip Morris

$82.16

-0.17 (-0.21%)

09:27
07/19/18
07/19
09:27
07/19/18
09:27
Earnings
Philip Morris sees Q3 net revenue up about 1% ex-currency, consensus $7.87B »

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  • 19

    Jul

PM

Philip Morris

$82.16

-0.17 (-0.21%)

09:25
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  • 19

    Jul

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Conference/Events
UBS European oil and gas analyst to hold an analyst/industry conference call »

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TYL

Tyler Technologies

$237.74

0.33 (0.14%)

09:22
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  • 27

    Jul

  • 04

    Sep

NCLH

Norwegian Cruise Line

$50.15

2.565 (5.39%)

09:22
07/19/18
07/19
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BHLB

Berkshire Hills Bancorp

$40.80

0.15 (0.37%)

09:22
07/19/18
07/19
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09:22
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  • 19

    Jul

BPMX

BioPharmX

$0.20

-0.0006 (-0.30%)

09:21
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BioPharmX granted CARC waiver by FDA for acne candidate BPX-01 »

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09:20
07/19/18
07/19
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09:20
General news
Fed's Quarles said the implementation of SOFR »

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GWW

Grainger

$338.99

33.78 (11.07%)

09:18
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Grainger analyst commentary  »

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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
07/19/18
07/19
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09:18
Options
Overnight activity included 163 trades in SPX and 5 trades in VIX »

163 trades were executed…

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S&P 500

$0.00

(0.00%)

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Volatility Index S&P 500 Options

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