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SYMC

Symantec

$21.40

1.89 (9.69%)

06:57
05/15/18
05/15
06:57
05/15/18
06:57

Symantec call lessened near-term risk, says Deutsche Bank

The belated Q&A call hosted by Symantec, where management said they are not expecting a material adverse impact on the company's financials from the audit investigation, lessened the near-term risk, Deutsche Bank analyst Karl Keirstead tells investors in a research note. The analyst believes, however, that the audit probe risk will linger. Nonetheless, he concludes that the debate will now pivot to the likelihood of Symantec hitting "what looks like aggressive" fiscal 2020 targets. Keirstead keeps a Hold rating on the shares with a $22 price target.

  • 07

    Jun

SYMC Symantec
$21.40

1.89 (9.69%)

05/11/18
MOFT
05/11/18
DOWNGRADE
MOFT
Sell
Symantec downgraded to Sell from Neutral at MoffettNathanson
05/11/18
MSCO
05/11/18
NO CHANGE
Target $26
MSCO
Equal Weight
Morgan Stanley says Symantec 'too hot to handle' given investigation uncertainty
After Symantec's FY19 guidance came in well below consensus expectations and "perhaps more concerning" the company announced an unspecified audit committee investigation, Morgan Stanley analyst Keith Weiss called the stock "too hot to handle" given that the matter was said to preclude the management team from taking any questions from analysts, either publicly or privately. Weiss, who thinks the investigation will likely remain an open question for some time, lowered his price target on the stock to $26 from $31 and keeps an Equal Weight rating on Symantec shares.
05/11/18
05/11/18
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. Kohl's (KSS) downgraded to Neutral from Outperform at Credit Suisse with analyst Michael Binetti saying he sees first quarter same store sales risk due to cold weather damaging industry traffic and Kohl's being more weather sensitive than its peers, and slightly lowered his Q1 EPS estimate on the stock. 2. Symantec (SYMC) downgraded to Sell from Neutral at MoffettNathanson, to Equal Weight from Overweight at Barclays and First Analysis, to Perform from Outperform at Oppenheimer, and to Neutral from Buy at BTIG, to Neutral from Outperform at Macquarie, and to Neutral from Overweight at Piper Jaffray. 3. AMC Networks (AMCX) downgraded to In Line on valuation at Evercore ISI with analyst David Joyce citing valuation. 4. L Brands (LB) downgraded to Neutral from Overweight at Atlantic Equities. 5. Presidio (PSDO) downgraded to Sector Perform from Outperform at RBC Capital and to Market Perform from Outperform at Wells Fargo. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/15/18
JEFF
05/15/18
UPGRADE
Target $22
JEFF
Hold
Symantec upgraded to Hold from Underperform at Jefferies
Jefferies analyst John DiFucci upgraded Symantec to Hold and raised his price target for the shares to $22 from $20. While difficult, if not impossible, to assess the outcome of the current investigation, there's a base value for the business that is not far from the current price, DiFucci tells investors in a research note. He points out, however, that it "remains unclear whether the company will return to growth."

TODAY'S FREE FLY STORIES

15:10
08/21/18
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General news
Treasury Closing Summary: »

Treasury Closing Summary:…

PSTG

Pure Storage

$22.00

0.2 (0.92%)

15:04
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Options
Pure Storage options imply 10.8% move in share price post-earnings, above median historical move »

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CASY

Casey's General Stores

$116.05

1.33 (1.16%)

15:01
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08/21
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15:01
Conference/Events
Casey's General Stores management to meet with Jefferies »

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RIGL

Rigel Pharmaceuticals

$2.67

0.08 (3.09%)

15:00
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EA

Electronic Arts

$127.21

-0.47 (-0.37%)

15:00
08/21/18
08/21
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15:00
Options
Electronic Arts attracts a bullish option play »

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URBN

Urban Outfitters

$47.40

-0.12 (-0.25%)

14:49
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14:49
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14:49
Options
Urban Outfitters options imply 12.9% move in share price post-earnings, above median historical move »

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  • 21

    Aug

SFIX

Stitch Fix

$34.77

1.92 (5.84%)

14:45
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08/21
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Options
Stitch Fix call volume above normal and directionally bullish »

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  • 21

    Aug

  • 01

    Oct

ATVI

Activision Blizzard

$69.63

0.7 (1.02%)

14:40
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08/21
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Periodicals
Breaking Periodicals news story on Activision Blizzard »

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  • 21

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NURO

NeuroMetrix

$1.26

0.04 (3.28%)

, GSK

GlaxoSmithKline

$41.57

0.25 (0.61%)

14:32
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Hot Stocks
NeuroMetrix receives $3.8M milestone payment under its pact with GSK »

NeuroMetrix (NURO)…

NURO

NeuroMetrix

$1.26

0.04 (3.28%)

GSK

GlaxoSmithKline

$41.57

0.25 (0.61%)

03/08/13
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  • 25

    Aug

14:30
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08/21
14:30
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General news
Canada Retail Sales Preview »

Canada Retail Sales…

14:25
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14:25
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General news
Treasury Option Action: more bond positioning »

Treasury Option Action:…

MDT

Medtronic

$95.02

4.96 (5.51%)

14:20
08/21/18
08/21
14:20
08/21/18
14:20
Recommendations
Medtronic analyst commentary  »

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  • 21

    Aug

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    Aug

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    Sep

MS

Morgan Stanley

$48.75

0.48 (0.99%)

14:20
08/21/18
08/21
14:20
08/21/18
14:20
Options
Mega option block in Morgan Stanley »

Mega option block in…

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  • 12

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
08/21/18
08/21
14:17
08/21/18
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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RIGL

Rigel Pharmaceuticals

$2.65

0.06 (2.32%)

14:16
08/21/18
08/21
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14:16
Hot Stocks
Rigel CEO says impact of any Trump policy still unclear »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
08/21/18
08/21
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Technical Analysis
NYSE market internals summary »

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NFLX

Netflix

$339.67

11.92 (3.64%)

, AAPL

Apple

$216.73

1.25 (0.58%)

14:07
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08/21
14:07
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Periodicals
Netflix testing how to bypass iTunes billing in 33 countries, TechCrunch says »

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NFLX

Netflix

$339.67

11.92 (3.64%)

AAPL

Apple

$216.73

1.25 (0.58%)

03/08/13
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  • 21

    Aug

UAL

United Continental

$86.00

0.765 (0.90%)

14:06
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Periodicals
United's Kirby sees average airfares improving, Bloomberg reports »

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  • 06

    Sep

APO

Apollo Global

$34.44

0.22 (0.64%)

, BX

Blackstone

$36.48

-0.32 (-0.87%)

14:04
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Periodicals
PE firms eyeing acquisitions of local TV assets, CNBC reports »

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APO

Apollo Global

$34.44

0.22 (0.64%)

BX

Blackstone

$36.48

-0.32 (-0.87%)

NXST

Nexstar

$80.25

1.05 (1.33%)

TRCO

Tribune Media

$35.98

0.91 (2.59%)

SBGI

Sinclair Broadcast

$29.30

0.55 (1.91%)

03/08/13
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  • 05

    Sep

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    Sep

UAL

United Continental

$86.32

1.085 (1.27%)

14:00
08/21/18
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14:00
Options
Heavy call activity in UAL as shares take off »

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  • 06

    Sep

RIGL

Rigel Pharmaceuticals

$2.66

0.07 (2.70%)

13:52
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Rigel's Rodriguez says physician response to Tavalisse 'very positive' »

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JCI

Johnson Controls

$39.84

1.11 (2.87%)

13:50
08/21/18
08/21
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13:50
Options
Notable call spread in Johnson Controls as shares rally »

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SPY

SPDR S&P 500 ETF Trust

$287.20

1.52 (0.53%)

, SPX

S&P 500

$0.00

(0.00%)

13:46
08/21/18
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13:46
Periodicals
Michael Cohen enters plea deal with federal prosecutors, ABC News says »

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SPY

SPDR S&P 500 ETF Trust

$287.20

1.52 (0.53%)

SPX

S&P 500

$0.00

(0.00%)

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GME

GameStop

$16.35

0.5 (3.15%)

13:45
08/21/18
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Options
GameStop call volume above normal and directionally bullish »

Bullish option flow…

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13:40
08/21/18
08/21
13:40
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13:40
General news
FOMC minutes preview: »

FOMC minutes preview: the…

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