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JWN

Nordstrom

$50.94

0.25 (0.49%)

, AMAT

Applied Materials

$53.99

-1.18 (-2.14%)

20:25
05/17/18
05/17
20:25
05/17/18
20:25

Notable companies reporting after market close

Notable companies reporting after the market close, with earnings consensus, include Nordstrom (JWN), consensus 44c... Applied Materials (AMAT), consensus $1.14... Orion Engineered (OEC), consensus 49c.

JWN

Nordstrom

$50.94

0.25 (0.49%)

AMAT

Applied Materials

$53.99

-1.18 (-2.14%)

OEC

Orion Engineered

$27.70

0.2 (0.73%)

  • 17

    May

  • 17

    May

  • 18

    May

  • 29

    May

  • 30

    May

JWN Nordstrom
$50.94

0.25 (0.49%)

03/12/18
FBCO
03/12/18
INITIATION
Target $54
FBCO
Neutral
Nordstrom initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Binetti initiated Nordstorm with a Neutral rating and a price target of $54. The analyst states that the company has some advantages relative to its department store peers, having pivoted to e-commerce with 25% of total sales and value offerings at 33% of sales. However, Binetti also sees additional stock price upside as limited without improved visibility on a "potential Nordstrom family MBO".
03/06/18
EVER
03/06/18
NO CHANGE
EVER
Evercore sees high likelihood of Nordstrom take-private deal getting done
Evercore ISI analyst Omar Saad closed the 8.5% Nordstrom short position in his firm's model portfolio saying a potential leveraged buyout transaction at a price above $50 appears likely at this point. A stronger holiday season and consumer backdrop, coupled with lowered taxes in the U.S., have strengthened the case for the take private transaction and the ability to finance the added debt, Saad tells investors in a research note. He sees "enough room" for Nordstrom management and Leonard Green to increase the bid and still get the deal done. As such, the analyst sees a high likelihood of Nordstrom going private at a price above $50 per share. The stock in morning trading is up 18c to $52.08.
03/05/18
BMOC
03/05/18
NO CHANGE
Target $55
BMOC
Market Perform
Nordstrom price target raised to $55 from $50 at BMO Capital
BMO Capital analyst Wayne Hood raised his price target on Nordstrom to $55 despite the Q4 earnings miss, citing better than expected FY18 EPS outlook. The analyst states that he is positive on the management's view of 2018 as a "long-awaited inflection point" that will lead to the company leveraging its "generational' investments which previously weighed on earnings. Hood keeps his Market Perform rating on Nordstrom, adding that he could become more constructive on stock price pullback or if he sees "more material acceleration in sales".
02/08/18
KEYB
02/08/18
NO CHANGE
KEYB
Sector Weight
Amazon new denim brands a 'modest negative' for Gap/Nordstrom, says KeyBanc
KeyBanc analyst Edward Yruma notes that Amazon (AMZN) recently launched two premium private-label denim brands, namely Hale and Denim Crush. Importantly, the price points, details, and construction point to a foray into premium women's denim, he notes, adding that he thinks this is a "modest negative" for Gap (GPS) and Nordstrom (JWN). Yruma reiterates a Sector Weight rating on Amazon's shares.
AMAT Applied Materials
$53.99

-1.18 (-2.14%)

05/14/18
05/14/18
UPGRADE

Buy
Citi upgrades Lam Research to Buy ahead of strong 2019 equipment spending
As previously reported, Citi analyst Atif Malik upgraded Lam Research (LRCX) to Buy from Neutral, as he believes his concerns about weak NAND memory spending this year are now mostly priced-in and he sees investments planned by Samsung and others leading to higher year-over-year NAND equipment spending growth in 2019. He also assumes strong DRAM equipment spending this year, Malik tells investors. Malik noted that his 2019 wafer fab equipment spending forecast of $61B is above the consensus view of $58B. He still identifies Applied Materials (AMAT) as his number one U.S. semi capital equipment pick, placing KLA-Tencor (KLAC) at number two.
05/14/18
COWN
05/14/18
INITIATION
Target $60
COWN
Market Perform
Applied Materials initiated with a Market Perform at Cowen
Cowen initiated Applied Materials with a Market Perform and $60 price target.
05/15/18
DADA
05/15/18
NO CHANGE
Target $70
DADA
Buy
Applied Materials to post another record quarter, says DA Davidson
DA Davidson analyst Thomas Diffely kept his Buy rating and $70 price target on Applied Materials ahead of its Q2 earnings this week, saying that the "red-hot" memory market should produce another "record quarter and strong outlook" for the company. The analyst adds that emerging industry trends such as AI, autonomous driving, big data, internet of things, and others, are also driving "dramatic increases in semiconductor content across multiple device types", positioning the company positively over then next few years.
05/16/18
NOMU
05/16/18
NO CHANGE
Target $70
NOMU
Buy
Nomura sees 'very attractive opportunity' in shares of Applied Materials
Shares of Applied Materials are up only slightly year-to-date despite a 12% increase in consensus fiscal 2018 earnings estimates, Nomura Instinet analyst Romit Shah tells investors in a research note titled "Don't 'Display' Fear." The analyst believes weakness in the OLED supply chain is creating a "very attractive opportunity" to further accumulate the shares. The analyst keeps a Buy rating on Applied Materials with a $70 price target.
OEC Orion Engineered
$27.70

0.2 (0.73%)

08/07/17
JPMS
08/07/17
DOWNGRADE
Target $23
JPMS
Neutral
Orion Engineered downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jeffrey Zekauskas downgraded Orion Engineered to Neutral citing citing valuation with the shares up 31% over the past year. The analyst also expects the company's EBITDA growth will see pressure in the coming quarters due to currency translation effects. He lowered his price target for the shares to $23 from $25.
11/06/17
JPMS
11/06/17
UPGRADE
Target $29
JPMS
Overweight
Orion Engineered upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas upgraded Orion Engineered Carbons to Overweight and raised his price target for the shares to $29 from $23. Carbon black business fundamentals are improving, which creates an attractive risk/reward profile, Zekauskas tells investors in a research note. He cautions, however, that equity issuance by Kinove, Orion's 40% owner, could "introduce intermittent negative volatility into the share price over shorter periods of time."
01/22/18
JEFF
01/22/18
INITIATION
Target $38
JEFF
Buy
Orion Engineered initiated with a Buy at Jefferies
Jefferies analyst Laurence Alexander started Orion Engineered Carbons with a Buy rating and $38 price target. The analyst views the carbon black industry dynamics as attractive.
01/22/18
01/22/18
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. Sarepta (SRPT) assumed with an Outperform at RBC Capital. 2. KMG Chemicals (KMG) initiated with a Neutral at Goldman Sachs. 3. Okta (OKTA) initiated with an Outperform at FBN Securities. 4. CBRE Group (CBG) initiated with an In Line at Evercore ISI. 5. Orion Engineered (OEC) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BK

BNY Mellon

$52.36

-0.9 (-1.69%)

17:48
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17:48
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BNY Mellon Investment Management to close EACM Advisors »

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  • 18

    Oct

EPZM

Epizyme

$10.23

-0.075 (-0.73%)

17:44
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NAVB

Navidea

$0.25

-0.0135 (-5.14%)

17:31
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Breaking Hot Stocks news story on Navidea »

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LYL

Dragon Victory

$1.46

(0.00%)

17:30
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Breaking Hot Stocks news story on Dragon Victory »

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RDS.A

Royal Dutch Shell

$68.18

0.89 (1.32%)

, RDS.B

Royal Dutch Shell

$70.25

0.67 (0.96%)

17:30
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Periodicals
Shell CEO weighs $30B LNG export terminal in Canada, WSJ says »

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RDS.A

Royal Dutch Shell

$68.18

0.89 (1.32%)

RDS.B

Royal Dutch Shell

$70.25

0.67 (0.96%)

03/08/13
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SEND

SendGrid

$35.40

-0.085 (-0.24%)

17:27
09/24/18
09/24
17:27
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17:27
Initiation
SendGrid initiated  »

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PGNX

Progenics

$6.44

0.03 (0.47%)

17:25
09/24/18
09/24
17:25
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17:25
Hot Stocks
Breaking Hot Stocks news story on Progenics »

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  • 01

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VLY

Valley National

$11.76

-0.26 (-2.16%)

17:20
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17:20
Hot Stocks
Valley National announces transfer of listing to Nasdaq »

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  • 29

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  • 01

    Nov

CPT

Camden Property

$93.35

-1.6 (-1.69%)

17:18
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Hot Stocks
Camden Property completes acquisition of Florida apartment community »

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ST

Sensata

$50.74

-1.14 (-2.20%)

17:13
09/24/18
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17:13
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Hot Stocks
Sensata acquires privately-held GIGAVAC FOR approximately $233M »

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  • 13

    Nov

BA

Boeing

$368.04

-3.84 (-1.03%)

17:13
09/24/18
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17:13
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17:13
Hot Stocks
Boeing awarded $375.6M U.S. Air Force contract »

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LMT

Lockheed Martin

$337.65

-0.13 (-0.04%)

17:12
09/24/18
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17:12
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17:12
Hot Stocks
Lockheed Martin awarded $289.2M U.S. Army contract »

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  • 30

    Oct

EME

EMCOR

$75.06

0.04 (0.05%)

17:11
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17:11
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17:11
Hot Stocks
EMCOR among bidders for $475M U.S. Army contract »

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GEMP

Gemphire Therapeutics

$2.32

-0.035 (-1.49%)

17:08
09/24/18
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Hot Stocks
Gemphire Therapeutics to cut 33% of staff and take a $1.4M related charge »

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LKM

Link Motion

$0.62

-0.0478 (-7.12%)

17:03
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TSLA

Tesla

$299.61

0.56 (0.19%)

17:03
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BMI

Badger Meter

$54.05

-0.1 (-0.18%)

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  • 29

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KEG

Key Energy

$13.46

-0.18 (-1.32%)

, BAS

Basic Energy

$9.44

0.18 (1.94%)

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KEG

Key Energy

$13.46

-0.18 (-1.32%)

BAS

Basic Energy

$9.44

0.18 (1.94%)

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  • 24

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DAC

Danaos

$1.60

0.05 (3.23%)

16:52
09/24/18
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Earnings
Danaos reports Q2 EPS 27c, one estimate 23c »

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  • 25

    Sep

AWK

American Water

$87.80

-0.8 (-0.90%)

16:46
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American Water to spend $2M to upgrade water main in Missouri »

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  • 29

    Sep

COLD

Americold Realty Trust

$25.25

-0.09 (-0.36%)

16:45
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Breaking Hot Stocks news story on Americold Realty Trust »

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PRNB

Principia Biopharma

$27.34

0.24 (0.89%)

16:45
09/24/18
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Hot Stocks
Breaking Hot Stocks news story on Principia Biopharma »

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DCPH

Deciphera

$39.80

0.78 (2.00%)

16:42
09/24/18
09/24
16:42
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16:42
Initiation
Deciphera initiated  »

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  • 01

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BJ

BJ's Wholesale

$28.47

-0.68 (-2.33%)

16:42
09/24/18
09/24
16:42
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16:42
Syndicate
BJ's Wholesale files to sell 28M shares of common stock for holders »

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  • 28

    Oct

BPMC

Blueprint Medicines

$71.56

1.8 (2.58%)

16:41
09/24/18
09/24
16:41
09/24/18
16:41
Initiation
Blueprint Medicines initiated  »

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