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NKE

Nike

$72.03

0.71 (1.00%)

, UA

Under Armour

$18.34

0.45 (2.52%)

14:29
05/24/18
05/24
14:29
05/24/18
14:29

Nike to take MLB on-field rights from Under Armour in 2020 season, SBD says

MLB's on-field apparel rights may be moving to Nike (NKE), which is close to a deal that would begin with the 2020 season, according to Sports Business Daily, citing an industry source. The rights were originally awarded to Under Armour (UAA) in 2016, but the source said that by not doing the deal Under Armour will save around $50M, the report noted. Reference Link

NKE

Nike

$72.03

0.71 (1.00%)

UA

Under Armour

$18.34

0.45 (2.52%)

UAA

Under Armour

$20.50

0.43 (2.14%)

  • 26

    Jun

NKE Nike
$72.03

0.71 (1.00%)

04/27/18
HSBC
04/27/18
UPGRADE
Target $77
HSBC
Buy
Nike upgraded to Buy from Hold at HSBC
HSBC analyst Erwan Rambourg upgraded Nike to Buy and raised his price target for the shares to $77 from $74.
04/27/18
OTRG
04/27/18
NO CHANGE
OTRG
Positive
Nike demand at top-tier retailers remains 'very strong,' says OTR Global
OTR Global's checks indicates demand for Nike's shoes at top-tier U.S. retailers is "very strong," despite news of executive departures. OTR Global's read on Nike remains Positive.
04/27/18
04/27/18
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. Facebook (FB) upgraded to Buy from Hold at Stifel with analyst Scott Devitt acknowledging that he was wrong to have stuck with his recent view on Facebook following its first earnings report. 2. Microsoft (MSFT) upgraded to Overweight from Neutral at JPMorgan with analyst Mark Murphy saying the global movement toward multi-cloud architectures will benefit Microsoft's Azure. 3. Bristol-Myers (BMY) upgraded to Market Perform from Underperform at BMO Capital with analyst Alex Arfaei saying his concerns around the uncertainty of Opdivo sales erosion are mostly priced in, anticipating a 7% sales growth for the drug in 2019 and hoping for "more competitive" 1L-NSCLC readout that the recently disappointing IO data. 4. Nike (NKE) upgraded to Buy from Hold at HSBC. 5. Intel (INTC) upgraded to Market Perform from Underperform at Bernstein with analyst Stacy Rasgon citing the company's "very strong" Q1 report. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/04/18
OPCO
05/04/18
DOWNGRADE
OPCO
Perform
Adidas downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Anna Andreeva downgraded Adidas (ADDYY) to Perform from Outperform and lowered her price target on the stock to EUR180 from EUR220, calling it a victim of "tough compares" as new product launches in Footwear are not enough to transition from extremely productive franchises like Stan Smith and Superstar. Though North America is still outperforming, it has decelerated, while Western Europe continues moderating, Andreeva tells investors. She added that she sees an opportunity for Nike's (NKE) Epic React to "claw back some share."
UA Under Armour
$18.34

0.45 (2.52%)

04/27/18
JEFF
04/27/18
NO CHANGE
Target $24
JEFF
Buy
Under Armour business trends are improving, says Jefferies
Under Armour's business trends are improving while management ranks are stabilizing and strategic direction is becoming more focused, Jefferies analyst Randal Konik tells investors in a research note ahead of the company's Q1 results. The analyst expects an improved inventory/sales ratio and better gross margin in the near-term. Further, his firm's credit card data, which represents 3M consumers, showed a low double-digit increase in March spending year-over-year. He views this as positive for Under Armour. The company's sales and margin trends are "likely to begin a path of sustainable improvement against a backdrop of negative sell/buyside sentiment," Konik writes. This gives him conviction to buy the shares. He keeps a Buy rating on Under Armour with a $24 price target.
04/27/18
STFL
04/27/18
NO CHANGE
Target $18
STFL
Buy
Columbia quarter a positive indicator for Under Armour, says Stifel
Stifel analyst Jim Duffy views Columbia Sportswear's (COLM) Q1 results as a positive indicator for Under Armour's (UAA) quarter on May 1. Columbia's "strong" Q1 U.S. direct-to-consumer business benefited from cold weather and was buoyed by strong outlet comps, Duffy tells investors in a research note. The analyst now has greater confidence in his estimates for Under Armour and sees a trading opportunity ahead of the print. He notes short interest in the name represents 36% of the float. Duffy keeps a Buy rating on Under Armour with an $18 price target.
05/01/18
JEFF
05/01/18
NO CHANGE
Target $24
JEFF
Buy
Jefferies reiterates Buy on Under Armour after Q1 results
Jefferies analyst Randal Konik reiterates a Buy rating on Under Armour with a $24 price target following this morning's Q1 results. The analyst finds comfort in the better than expected sales result and says that while gross was light, it did show sequential improvement. He also thinks Under Armour has the right initiatives in place to right-size inventory. Konik continues to view the company's positioning as solid.
05/22/18
BARD
05/22/18
NO CHANGE
Target $24
BARD
Outperform
Under Armour removed as 'Fresh Pick' at Baird
Baird analyst Jonathan Komp removed the "Fresh Pick" designation from Class A shares of Under Armour (UAA) after the stock outperformed the market nearly 15% since early April. He believes the overall setup remains favorable, though, and he maintains an Outperform rating on the stock with a $24 price target.
UAA Under Armour
$20.50

0.43 (2.14%)

05/02/18
STFL
05/02/18
NO CHANGE
Target $20
STFL
Buy
Under Armour price target raised to $20 on improved visibility at Stifel
Stifel analyst Jim Duffy raised his price target for Under Armour to $20 from $18 as inventory comments improve visibility to margin inflection. In combination with expense benefits from restructuring and management commitment to emphasizing profitability and ROIC over growth, the analyst has greater confidence in his thesis for margin recovering in 2H18 and 2019. The analyst reiterates a Buy rating on the shares.

TODAY'S FREE FLY STORIES

VRTX

Vertex

$152.48

-2.54 (-1.64%)

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AEP

American Electric

$65.21

0.16 (0.25%)

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INSY

Insys Therapeutics

$7.68

-0.36 (-4.48%)

13:01
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MMSI

Merit Medical

$49.50

-0.6 (-1.20%)

12:55
06/18/18
06/18
12:55
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12:55
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General news
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NEWT

Newtek Business Services

$19.40

0.3 (1.57%)

12:54
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06/18
12:54
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12:54
Hot Stocks
Newtek Business Services raises 2018 annual dividend forecast to $1.72 per share »

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  • 19

    Jun

AAL

American Airlines

$42.36

-0.4 (-0.94%)

, LUV

Southwest

$52.02

-0.145 (-0.28%)

12:51
06/18/18
06/18
12:51
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12:51
Periodicals
JetBlue founder plans to launch new airline, Airline Weekly reports »

JetBlue (JBLU) founder…

AAL

American Airlines

$42.36

-0.4 (-0.94%)

LUV

Southwest

$52.02

-0.145 (-0.28%)

UAL

United Continental

$74.18

0.29 (0.39%)

JBLU

JetBlue

$19.14

-0.05 (-0.26%)

DAL

Delta Air Lines

$54.77

-0.4 (-0.73%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 26

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XHB

SPDR Homebuilders

$40.50

-0.36 (-0.88%)

12:50
06/18/18
06/18
12:50
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12:50
Options
Put buyers in SPDR Homebuilders ETF ahead of data »

Put buyers in SPDR…

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LUNA

Luna Innovations

$3.01

-0.04 (-1.31%)

12:46
06/18/18
06/18
12:46
06/18/18
12:46
Hot Stocks
Breaking Hot Stocks news story on Luna Innovations »

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RRC

Range Resources

$16.65

0.69 (4.32%)

12:45
06/18/18
06/18
12:45
06/18/18
12:45
Options
Range Resources call volume above normal and directionally bullish »

Bullish option flow…

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  • 19

    Aug

12:45
06/18/18
06/18
12:45
06/18/18
12:45
General news
Breaking General news story  »

Atlanta Federal Reserve…

SQ

Square

$65.15

0.595 (0.92%)

, TWTR

Twitter

$45.77

-0.03 (-0.07%)

12:43
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06/18
12:43
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12:43
Hot Stocks
Square moves higher after being granted cryptocurrency license in New York »

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SQ

Square

$65.15

0.595 (0.92%)

TWTR

Twitter

$45.77

-0.03 (-0.07%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 27

    Jul

SJM

J.M. Smucker

$103.74

-1.95 (-1.85%)

12:35
06/18/18
06/18
12:35
06/18/18
12:35
Options
J.M. Smucker put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 15

    Aug

AAPL

Apple

$188.89

0.02 (0.01%)

12:34
06/18/18
06/18
12:34
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12:34
Periodicals
Apple Pay to launch in Poland on Tuesday, Cashless reports »

Apple Pay (AAPL) will…

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  • 18

    Jun

GM

General Motors

$43.89

-0.02 (-0.05%)

12:29
06/18/18
06/18
12:29
06/18/18
12:29
Periodicals
GM to invest $175M to retool Michigan plant for Cadillac sedans, Reuters reports »

General Motors is…

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  • 20

    Jun

AWK

American Water

$81.42

0.36 (0.44%)

12:26
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06/18
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12:26
Hot Stocks
American Water investing over $14M to replace, install 48k feet of water main »

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12:25
06/18/18
06/18
12:25
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12:25
Conference/Events
Federal Reserve Bank of Atlanta president speaks at a meeting »

Atlanta Federal Reserve…

BDX

Becton Dickinson

$229.87

-2.3 (-0.99%)

12:25
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06/18
12:25
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12:25
Conference/Events
Becton Dickinson has a conference call hosted by William Blair »

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  • 18

    Jun

AWK

American Water

$81.37

0.31 (0.38%)

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RCII

Rent-A-Center

$14.70

2.675 (22.25%)

12:20
06/18/18
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Options
Active trading in Rent A Center as shares rally »

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RCII

Rent-A-Center

$14.71

2.685 (22.33%)

, WPC

W.P. Carey

$65.68

-1.37 (-2.04%)

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General news
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RCII

Rent-A-Center

$14.71

2.685 (22.33%)

WPC

W.P. Carey

$65.68

-1.37 (-2.04%)

JD

JD.com

$43.98

0.35 (0.80%)

GOOG

Alphabet

$1,164.30

12.35 (1.07%)

GOOGL

Alphabet Class A

$1,174.85

15.82 (1.36%)

ARWR

Arrowhead

$13.90

2.83 (25.56%)

CBPO

China Biologic

$99.99

18.09 (22.09%)

CBIO

Catalyst Biosciences

$10.81

-14.52 (-57.32%)

ZIOP

Ziopharm

$3.55

-0.76 (-17.63%)

03/08/13
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    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
06/18/18
06/18
12:16
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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KHC

Kraft Heinz

$60.94

-0.67 (-1.09%)

12:15
06/18/18
06/18
12:15
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12:15
Periodicals
Kraft Heinz mulls sale of children's drink brand in India, Bloomberg says »

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12:15
06/18/18
06/18
12:15
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General news
Euro$ interest rate futures continue to claw back »

Euro$ interest rate…

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