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F

Ford

$11.19

0.005 (0.04%)

, LIFE

aTyr Pharma

$1.50

-0.1 (-6.25%)

10:39
05/15/18
05/15
10:39
05/15/18
10:39

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ford (F) downgraded to Neutral from Overweight at Piper Jaffray with analyst Alexander Potter saying that while stock's valuation still appears low, relative to other stocks he covers, he's less convinced that Ford "can find compelling revenue drivers to offset secular threats." 2. aTyr Pharma (LIFE) downgraded to Sell from Neutral at Citi with analyst Joel Beatty saying a lack of clinical data and early stage of understanding for lead agent ATYR1923 create a low probability of success. 3. ClearOne (CLRO) downgraded to Neutral from Buy at B. Riley FBR. 4. Travelport (TVPT) downgraded to Neutral on valuation at BofA/Merrill with analyst John King citing relative valuation. 5. W&T Offshore (WTI) downgraded to Sell from Hold at KLR Group with analyst Gail Nicholson citing the stock's out-performance of the SPDR Oil Exploration and Production Fund (XOP) by about 54% over the last month. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

F

Ford

$11.19

0.005 (0.04%)

LIFE

aTyr Pharma

$1.50

-0.1 (-6.25%)

CLRO

ClearOne

$6.15

(0.00%)

TVPT

Travelport

$17.07

-0.09 (-0.52%)

WTI

W&T Offshore

$7.77

-0.17 (-2.14%)

  • 30

    May

F Ford
$11.19

0.005 (0.04%)

05/15/18
PIPR
05/15/18
DOWNGRADE
Target $12
PIPR
Neutral
Ford downgraded to Neutral with $12 target at Piper Jaffray
Piper Jaffray analyst Alexander Potter downgraded Ford Motor to Neutral from Overweight and reduced his price target for the shares to $12 from $14. The analyst says that while stock's valuation still appears low, relative to other stocks he covers, he's less convinced that Ford "can find compelling revenue drivers to offset secular threats." With U.S. vehicle sales slowly eroding, investors are looking for more fundamental changes from Ford, Potter tells investors in a research note. The analyst thinks Ford may capture its share of the $1 trillion-plus market for autonomous rides, but he notes the company isn't a leader in the market.
05/15/18
PIPR
05/15/18
DOWNGRADE
Target $12
PIPR
Neutral
Ford downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Alexander Potter downgraded Ford to Neutral and lowered his price target for the shares to $12 from $14.
05/02/18
UBSW
05/02/18
NO CHANGE
UBSW
Buy
Ford has 30% upside potential amid turnaround plans, says UBS
UBS analyst Colin Langan believes investors are skeptical about the turnaround prospects at Ford, but given its current valuation and plans to drive margins, he sees as much as 30% upside potential. Langan said the company will have to continue executing on its turnaround strategy, but he reiterated his Buy rating on the shares.
04/26/18
MSCO
04/26/18
NO CHANGE
Target $15
MSCO
Overweight
Ford showing urgency to improve, but sharing little detail, says Morgan Stanley
Morgan Stanley analyst Adam Jonas said that Ford has identified a collection of businesses that appear to lose an aggregate $5B of EBIT and he thinks the company's announcement of initiatives to exit businesses and cut costs suggest an urgency to improve. However, the company's discussions around the specific fitness initiatives were "extremely high level." Based just on what has been announced, he would not be able to justify an Overweight rating on the stock given what he views as very high execution risk to restructuring at this point in the cycle. With that said, Jonas does keep an Overweight rating and $15 price target on Ford, citing its optionality to F-Series pickup trucks, which he calls "one of the most profitable franchises in the automotive industry."
LIFE aTyr Pharma
$1.50

-0.1 (-6.25%)

05/14/18
PIPR
05/14/18
NO CHANGE
Target $3
PIPR
Overweight
aTyr Pharma price target lowered to $3 from $7 at Piper Jaffray
Piper Jaffray analyst Edward Tenthoff noted that aTyr Pharma announced it is discontinuing its preclinical ORCA program due to lack of sufficient efficacy and making a 30% workforce reduction in order to focus on its lead candidate, ATYR1923. After removing his estimated value for resolaris and ORCA from his model, Tenthoff cut his price target on aTyr shares to $3. He maintains an Overweight rating on the stock.
02/14/18
JPMS
02/14/18
DOWNGRADE
JPMS
Underweight
aTyr Pharma downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Cory Kasimov downgraded aTyr Pharma to Underweight with no price target. The analyst remains "intrigued" by the company's biological targets and scientific platform, but downgrades the shares pending proof of concept from its "early, emerging" pipeline candidates. Kasimov believes the stock could remain range bound amid a lack of new data.
05/14/18
05/14/18
DOWNGRADE

Sell
aTyr Pharma downgraded to Sell from Neutral at Citi
05/15/18
SBSH
05/15/18
DOWNGRADE
Target $1
SBSH
Sell
aTyr Pharma downgraded to Sell with $1 target at Citi
Citi analyst Joel Beatty last night downgraded aTyr Pharma to Sell from Neutral and cut his price target to $1 from $4. A lack of clinical data and early stage of understanding for lead agent ATYR1923 create a low probability of success, Beatty told investors in a research note. aTyr yesterday announced the end of its preclinical ORCA program due to lack of sufficient efficacy as well as a 30% workforce reduction.
CLRO ClearOne
$6.15

(0.00%)

05/15/18
RILY
05/15/18
DOWNGRADE
Target $6
RILY
Neutral
ClearOne downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Kara Anderson downgraded ClearOne to Neutral and lowered her price target for the shares to $6 from $8.50.
TVPT Travelport
$17.07

-0.09 (-0.52%)

05/15/18
BOFA
05/15/18
DOWNGRADE
Target $19
BOFA
Neutral
Travelport downgraded to Neutral on valuation at BofA/Merrill
BofA/Merrill analyst John King downgraded Travelport to Neutral from Buy citing relative valuation and maintained a $19 price target.
01/05/18
EVER
01/05/18
DOWNGRADE
EVER
Underperform
Travelport downgraded to Underperform from Outperform at Evercore ISI
04/19/18
IMPC
04/19/18
INITIATION
Target $21
IMPC
Outperform
Travelport initiated with an Outperform at Imperial Capital
Imperial Capital analyst Adam Hackel started Travelport Worldwide with an Outperform rating and $21 price target. The analyst believes the company is well positioned for long-term earnings growth and multiple expansion given the "strong" free cash flow generation from its core global distribution system business. He believes Travelport is expanding market share within the online travel agents, which he calls the fastest growing segment in the industry.
03/27/18
DBAB
03/27/18
NO CHANGE
Target $21
DBAB
Buy
Travelport price target raised to $21 from $16 at Deutsche Bank
Deutsche Bank analyst Ashish Sabadra raised his price target for Travelport to $21 saying activist involvement should unlock shareholder value. The presence of Elliott Management should "finally help accelerate" the sale of eNett and a potential divestiture of non-core businesses, Sabadra tells investors in a research note. The analyst adds that the potential for taking Travelport private "is challenging given the history." Sabadra keeps a Buy rating on the shares.
WTI W&T Offshore
$7.77

-0.17 (-2.14%)

05/15/18
KLRG
05/15/18
DOWNGRADE
Target $6
KLRG
Sell
W&T Offshore downgraded to Sell from Hold at KLR Group
KLR Group analyst Gail Nicholson downgraded W&T Offshore (WTI) to Sell from Hold after the stock outperformed the SPDR Oil Exploration and Production Fund (XOP) by about 54% over the last month. However, Nicholson increased her price target on W&T Offshore to $6 from $4.50, driven by a 1% increase in her 2018 volume outlook and a 7% increase in her 2019 production forecast, partly offset by a 3% increase in her operating expense assumptions.
01/10/18
SOCO
01/10/18
DOWNGRADE
SOCO
Underweight
W&T Offshore downgraded to Underweight from Equalweight at Capital One
Capital One analyst Richard Tullis downgraded W&T Offshore to Underweight from Equalweight, noting that the shares have outperformed the E&P index by 26% over the past 3 months and are now trading 43% above his increased net asset value estimate of $3 per share.
03/12/18
SOCO
03/12/18
UPGRADE
SOCO
Equalweight
W&T Offshore upgraded to Equalweight from Underweight at Capital One

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PRQR

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$20.25

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MSFT

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$113.24

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EVOP

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TSM

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SPX

S&P 500

$0.00

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SQ

Square

$87.97

1.1 (1.27%)

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MSFT

Microsoft

$113.24

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KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

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  • 23

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MSFT

Microsoft

$113.24

1.05 (0.94%)

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OMAB

OMA Airports

$56.18

2.13 (3.94%)

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GLD

SPDR Gold Trust

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RIG

Transocean

$11.93

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Noble Corp.

$6.15

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CCOEY

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BBY

Best Buy

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DO

Diamond Offshore

$17.86

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TSM

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WHD

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

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