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BUD

AB InBev

$93.93

0.33 (0.35%)

, AAOI

Applied Optoelectronics

$33.33

0.9 (2.78%)

08:45
05/17/18
05/17
08:45
05/17/18
08:45

Largest borrow rate increases among liquid names

Latest data shows the largest indicative borrow rate increases among liquid option names include: Anheuser Busch (BUD) 0.97% +0.24, Applied Optoelectronics (AAOI) 33.46% +0.08, TripAdvisor (TRIP) 1.95% +0.05, and Sprint (S) 1.37% +0.02.

BUD

AB InBev

$93.93

0.33 (0.35%)

AAOI

Applied Optoelectronics

$33.33

0.9 (2.78%)

TRIP

TripAdvisor

$48.72

0.35 (0.72%)

S

Sprint

$5.08

-0.05 (-0.97%)

BUD AB InBev
$93.93

0.33 (0.35%)

04/26/18
04/26/18
DOWNGRADE

Underperform
Follow-up: AB InBev downgraded to Underperform at BofA/Merrill
As previously reported, BofA/Merrill downgraded AB inBev to Underperform from Neutral. Analyst Fernando Ferreira expects further share price weakness due to a "materially" slow down in 2019 growth and beyond, increased risks from a "stretched" balance sheet, and further sentiment pressure on Consumer Staples if bond yields continue there climb.
04/26/18
BOFA
04/26/18
DOWNGRADE
BOFA
Underperform
AB InBev downgraded to Underperform from Neutral at BofA/Merrill
05/10/18
BERN
05/10/18
NO CHANGE
Target $122.12
BERN
Outperform
AB InBev price target lowered to $122.12 from $128.75 at Bernstein
Bernstein analyst Trevor Stirling lowered his price target for AB InBev to $122.12 from $128.75 following quarterly results. The analyst reiterates an Outperform rating on the shares.
03/12/18
BERN
03/12/18
UPGRADE
Target $132.08
BERN
Outperform
AB InBev upgraded to Outperform from Market Perform at Bernstein
Bernstein analyst Trevor Stirling upgraded AB InBev to Outperform from Market Perform as he believes the company is through the worst of its operational challenges and is set-up to deliver top-of-class EPS growth at a "sensible" valuation. He raised his price target on U.S. traded shares of AB InBev to $132.08 from $120.60.
AAOI Applied Optoelectronics
$33.33

0.9 (2.78%)

05/07/18
DADA
05/07/18
NO CHANGE
Target $50
DADA
Buy
Applied Optoelectronics price target lowered to $50 from $55 at DA Davidson
DA Davidson analyst Mark Kelleher lowered his price target on Applied Optoelectronics (AAOI) to $50 ahead of its earnings while also lowering his FY18 EPS view to $2.06 from $2.46 and the FY19 view to $2.94 from $3.22. The analyst cites his expectations of a more conservative ramp of the Facebook (FB) supply agreement toward the second half of the year. Longer term, Kelleher keeps his Buy rating, saying the Facebook deal will be an incremental positive for Applied Optoelectronics as it further positions itself as a leading provider of optical networking technology to the data center and cable TV markets" amid a growing dominance of hyperscale data centers.
03/15/18
RILY
03/15/18
NO CHANGE
RILY
B. Riley FBR 'incrementally cautious' on optical component industry
After spending two days at the Optical Networking and Communication Conference & Exhibition, B. Riley FBR analyst Dave Kang is "incrementally cautious" on the optical component industry. One clear conclusion from the event is that the datacom end market is as bad as feared, which is a negative for Applied Optoelectronics (AAOI) and to a lesser degree Finisar (FNSR). Further, the analyst says he continues to pick up mixed data on the Chinese market. Aside from Lumentum (LITE), most U.S.-based component vendors remain cautious and/or uncertain about growth prospects in China this year, Kang contends.
03/12/18
DADA
03/12/18
NO CHANGE
DADA
DA Davidson says Applied Optoelectronics best fit for Finisar amid consolidation
After Lumentum (LITE) announced an agreement to acquire Oclaro (OCLR), DA Davidson analyst Mark Kelleher said he thinks the deal makes strategic sense for both companies. In terms of other possible targets in the sector, Kelleher names Applied Optoelectronics (AAOI), Acacia Communications (ACIA) and NeoPhotonics (NPTN) and calls Finisar (FNSR) a logical buyer. He added that among those, he sees Applied Optoelectronics as the best asset for Finisar to purchase.
03/06/18
DADA
03/06/18
NO CHANGE
Target $55
DADA
Buy
Market undervalues Applied Optoelectronics deal with Facebook, says DA Davidson
DA Davidson analyst Mark Kelleher writes that his recent meetings with the management of Applied Optoelectronics (AAOI) suggests that investors underappreciate the impact of its $125M deal with Facebook (FB). The analyst notes that the deal gives the company some added visibility for the second half of 2018 and is also a sign that Facebook acknowledges the possibility of a transceiver shortage by the end of the year. Kelleher keeps his Buy rating and $55 price target on Applied Optoelectronics.
TRIP TripAdvisor
$48.72

0.35 (0.72%)

05/16/18
05/16/18
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. Urban Outfitters (URBN) upgraded to Neutral from Sell at MKM Partners with analyst Roxanne Meyer citing her expectations of a sales and margin recovery in the second half, with fourth quarter commentary suggesting improving trends after the company's worse than expected performance in 2017. 2. AMD (AMD) upgraded to Neutral from Negative at Susquehanna with analyst Christopher Rolland saying Ethereum prices have doubled in the last month, driving a "modest" reacceleration in GPU purchases, while price hikes have "destroyed value proposition" of a rival Ethereum ASIC. 3. TripAdvisor (TRIP) upgraded two notches to Outperform from Underperform at Macquarie with analyst Matthew Brooks saying TripAdvisor raised their EBITDA forecast to up from flat, and now believes it could grow above 20% in 2018, with a margin rise for the first time since 2011. 4. KKR (KKR) upgraded to Buy from Neutral at Citi with analyst William Katz saying he believes the company's C-Corp conversion will increase relevance of the sector and raise the absolute upside for KKR. 5. Chipotle (CMG) upgraded to Buy from Hold at Argus with analyst John Staszak saying the current valuation does not adequately "reflect prospects for accelerating same-store sales and earnings growth as the company continues its multiyear recovery." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/16/18
MACQ
05/16/18
UPGRADE
MACQ
Outperform
TripAdvisor upgraded to Outperform from Underperform at Macquarie
Macquarie analyst Matthew Brooks upgraded TripAdvisor two notches to Outperform from Underperform with a Street-high $60 price target, up from $34. Brooks said TripAdvisor raised their EBITDA forecast to up from flat, and now believes it could grow above 20% in 2018, with a margin rise for the first time since 2011. Hotel revenue growth is challenged due to Google competition and OTA marketing choices, but TripAdvisor is cutting costs to maintain EBITDA and has the ability to cut direct marketing costs materially for another two quarters, Brooks wrote in a note to investors. Further, TripAdvisor's Experiences growth is scaling fast and is expected to be up 60% in 2018, contributing to Brooks' increased EBITDA estimate to $408M from $331M, and 2019 to $466M from $369M.
05/16/18
05/16/18
DOWNGRADE
Target $40

Sell
TripAdvisor downgraded to Sell on competition, OTA changes at Guggenheim
As previously reported, Guggenheim downgraded TripAdvisor (TRIP) to Sell from Neutral and established a $40 price target. Analyst Jake Fuller said OTA's are moving from room night growth towards profitability, which is undermining metasearch channel growth, and led to declines in hotel CPC revenue for TripAdvisor. The analyst sees a very difficult competitive backdrop as TripAdvisor cuts ad spend, competitors spend more, and Alphabet (GOOGL) ramps its own metasearch product. Fuller views TripAdvisor's valuation as "aggressive" for a company with an uncertain trajectory and no history of growth.
05/16/18
GUGG
05/16/18
DOWNGRADE
GUGG
Sell
TripAdvisor downgraded to Sell from Neutral at Guggenheim
S Sprint
$5.08

-0.05 (-0.97%)

05/08/18
RHCO
05/08/18
NO CHANGE
Target $5.5
RHCO
Hold
Sprint price target lowered to $5.50 at SunTrust
SunTrust analyst Greg Miller lowered his price target on Sprint (S) to $5.50 from $6.50 after its mixed Q4 results, with disappointing ARPU and higher capital expenditures weighing on EBITDA guidance. The analyst expects the perception around Sprint's proposed merger with T-Mobile (TMUS) to dominate investor sentiment amid an "increasingly competitive market", but sees little chance of the passage due to regulatory concerns in spite of Sprint's "targeted pitch around 5G and China that could well resonate with regulators and politicians". Miller keeps a Hold rating on Sprint.
05/03/18
STFL
05/03/18
NO CHANGE
STFL
Stifel says Alaska, JetBlue may be targets if 'Big 4' think they can consolidate
Stifel analyst Joseph DeNardi said in a note to investors prior to the open that the proposed merger of Sprint (S) and T-Mobile (TMUS), and the related approval process, is the first major test of the Trump administration's view on consolidation. Depending on how this case plays out, management teams at the "Big 4" airlines would have significant interest in acquiring Alaska Air (ALK) or JetBlue (JBLU) if they think they could be successful in doing so, he contends. He believes the current consensus in the industry is that Alaska will serve as buyer and consolidator within its segment, but should the Big 4 believe that they could be permitted to be buyers, the M&A outlook would likely change, DeNardi tells investors.
05/02/18
OPCO
05/02/18
NO CHANGE
Target $90
OPCO
Outperform
Oppenheimer sees 80% chance of regulatory approval for T-Mobile/Sprint merger
Oppenheimer analyst Timothy Horan sees an 80% chance of regulatory approval for T-Mobile (TMUS)/Sprint (S) merger given pro-consumer/investment/jobs focus that scale drives, but with concessions. The analyst reiterates an Outperform rating and $90 price target on T-Mobile shares.
05/01/18
JEFF
05/01/18
UPGRADE
Target $5.5
JEFF
Hold
Sprint upgraded to Hold from Underperform at Jefferies
Jefferies analyst Scott Goldman upgraded Sprint (S) to Hold raised his price target for the shares to $5.50 from $4.50 following the company's merger agreement with T-Mobile (TMUS). The analyst sees the deal supporting the valuation into the regulatory review.

TODAY'S FREE FLY STORIES

MSFT

Microsoft

$113.24

1.05 (0.94%)

20:52
09/18/18
09/18
20:52
09/18/18
20:52
Hot Stocks
Microsoft announces new AI and mixed reality business applications for Dynamics »

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  • 21

    Oct

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    Mar

BWA

BorgWarner

$42.99

-1.17 (-2.65%)

19:34
09/18/18
09/18
19:34
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19:34
Hot Stocks
BorgWarner sees operating margins in low-13% by FY23 vs 12.4% in FY17 »

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JLL

Jones Lang LaSalle

$144.15

0.795 (0.55%)

19:31
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09/18
19:31
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19:31
Hot Stocks
Jones Lang LaSalle CFO Christie Kelly resigns »

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  • 25

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RACE

Ferrari

$138.31

5.465 (4.11%)

19:24
09/18/18
09/18
19:24
09/18/18
19:24
Earnings
Ferrari sees FY18 revenue over EUR3.4B »

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  • 18

    Sep

SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

, INAP

Internap

$12.39

-0.33 (-2.59%)

19:02
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09/18
19:02
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19:02
Hot Stocks
Fly Intel: After Hours Movers »

HIGHER: Stein Mart (SMRT)…

SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

INAP

Internap

$12.39

-0.33 (-2.59%)

TRVG

Trivago

$5.13

0.26 (5.34%)

PRQR

ProQR Therapeutics

$20.25

-1.4 (-6.47%)

MSFT

Microsoft

$113.24

1.05 (0.94%)

EVOP

EVO Payments

$26.27

-0.42 (-1.57%)

TSM

TSMC

$43.57

-0.2 (-0.46%)

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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  • 21

    Oct

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  • 12

    Nov

  • 15

    Nov

  • 03

    Mar

  • 21

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

18:58
09/18/18
09/18
18:58
09/18/18
18:58
Periodicals
China to place new tariffs on $60B in U.S. exports, WSJ says »

China's government…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

03/08/13
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SQ

Square

$87.97

1.1 (1.27%)

18:55
09/18/18
09/18
18:55
09/18/18
18:55
Periodicals
Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

Square CFO Sarah Friar…

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  • 18

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  • 20

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MSFT

Microsoft

$113.24

1.05 (0.94%)

18:48
09/18/18
09/18
18:48
09/18/18
18:48
Hot Stocks
Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

The dividend is payable…

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  • 21

    Oct

  • 28

    Oct

  • 03

    Mar

KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

18:39
09/18/18
09/18
18:39
09/18/18
18:39
Hot Stocks
Kirkland Lake Gold acquires shares of Osisko Mining »

Kirkland Lake Gold…

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  • 23

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
09/18/18
09/18
18:39
09/18/18
18:39
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

Microsoft raises…

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  • 21

    Oct

  • 28

    Oct

  • 03

    Mar

OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
09/18/18
09/18
18:23
09/18/18
18:23
Downgrade
OMA Airports rating change at Santander »

OMA Airports downgraded…

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CE

Celanese

$113.41

-0.03 (-0.03%)

18:01
09/18/18
09/18
18:01
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18:01
Hot Stocks
Celanese raises prices for acetate tow in Eastern Europ and Asia by $1/kg »

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

17:58
09/18/18
09/18
17:58
09/18/18
17:58
Periodicals
Wynn sued over allegations of rigging Boston casino bid, Bloomberg says »

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

17:48
09/18/18
09/18
17:48
09/18/18
17:48
Hot Stocks
SPDR Gold Trust holdings fall to 742.23MT from 742.53MT »

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

17:35
09/18/18
09/18
17:35
09/18/18
17:35
Recommendations
Jazz Pharmaceuticals analyst commentary at BMO Capital »

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RIG

Transocean

$11.93

0.335 (2.89%)

17:29
09/18/18
09/18
17:29
09/18/18
17:29
Initiation
Transocean initiated at Morgan Stanley »

Transocean initiated with…

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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
09/18/18
09/18
17:26
09/18/18
17:26
Initiation
Noble Corp. initiated at Morgan Stanley »

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  • 24

    Sep

CCOEY

Capcom

17:24
09/18/18
09/18
17:24
09/18/18
17:24
Periodicals
Capcom shutting down Vancouver studio, Kotaku says »

Capcom Vancouver,…

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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
09/18/18
09/18
17:24
09/18/18
17:24
Syndicate
Breaking Syndicate news story on Best Buy »

Best Buy files automatic…

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
09/18/18
09/18
17:22
09/18/18
17:22
Initiation
Diamond Offshore initiated at Morgan Stanley »

Diamond Offshore…

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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
09/18/18
09/18
17:20
09/18/18
17:20
Upgrade
TSMC rating change at Morgan Stanley »

TSMC upgraded to…

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WHD

Cactus

$35.93

1.24 (3.57%)

17:17
09/18/18
09/18
17:17
09/18/18
17:17
Initiation
Cactus initiated at Morgan Stanley »

Cactus initiated with an…

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

17:15
09/18/18
09/18
17:15
09/18/18
17:15
Periodicals
Senators seek punishment if ZTE strays from deal, Reuters says »

In a bill, introduced on…

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AKCA

Akcea Therapeutics

$26.58

1.73 (6.96%)

17:15
09/18/18
09/18
17:15
09/18/18
17:15
Syndicate
Breaking Syndicate news story on Akcea Therapeutics »

Akcea Therapeutics files…

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  • 06

    Oct

OIS

Oil States

$30.85

0.55 (1.82%)

17:13
09/18/18
09/18
17:13
09/18/18
17:13
Initiation
Oil States initiated at Morgan Stanley »

Oil States initiated with…

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