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HDS

HD Supply

$41.44

0.23 (0.56%)

, NAV

Navistar

$38.48

-0.49 (-1.26%)

20:25
06/04/18
06/04
20:25
06/04/18
20:25

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include HD Supply (HDS), consensus 64c... Navistar (NAV), consensus 34c... G-III Apparel (GIII), consensus (6c).

HDS

HD Supply

$41.44

0.23 (0.56%)

NAV

Navistar

$38.48

-0.49 (-1.26%)

GIII

G-III Apparel

$42.84

0.65 (1.54%)

  • 05

    Jun

  • 05

    Jun

  • 05

    Jun

  • 13

    Jun

HDS HD Supply
$41.44

0.23 (0.56%)

04/06/18
DBAB
04/06/18
INITIATION
Target $45
DBAB
Buy
HD Supply resumed with a Buy at Deutsche Bank
Deutsche Bank analyst Karen Lau resumed coverage of HD Supply with a Buy rating and $45 price target. The analyst believes investor skepticism following the company's operational and cost issues creates a favorable risk/reward for the shares.
03/15/18
RHCO
03/15/18
UPGRADE
Target $48
RHCO
Buy
HD Supply upgraded to Buy at SunTrust on potential for spin-offs
As reported earlier, SunTrust analyst Keith Hughes upgraded HD Supply to Buy from Hold while also raising his price target to $48 from $42. Hughes says the current valuation on the stock is too low at 10.7-times enterprise value to EBITDA, with his new price target taking that valuation to the upper middle of the distribution group range. The analyst justifies higher multiple based on his segment sum-of-the-parts analysis of Facilities Maintenance and Commercial/Industrial units, speculating that a spinoff to realize value could occur.
03/15/18
03/15/18
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. HD Supply (HDS) upgraded to Buy from Hold at SunTrust with analyst Keith Hughes saying the current valuation on the stock is too low at 10.7-times enterprise value to EBITDA, with his new price target taking that valuation to the upper middle of the distribution group range. 2. Viacom (VIAB) upgraded to Buy from Hold at Needham with analyst Laura Martin saying the stock's forward PE valuation at 8.2-times is 15%-30% below peers mainly due to Paramount's losses. 3. Akamai (AKAM) upgraded to Sector Weight from Underweight at KeyBanc with analyst Brandon Nispel saying Akamai's ability to expand margins is greater than he anticipated and that fears surrounding growth are "unlikely to come to fruition near term." 4. Aon plc (AON) upgraded to Buy from Neutral at Goldman Sachs while Willis Towers Watson (WLTW) was upgraded to Neutral from Sell. 5. Exxon Mobil (XOM) upgraded to Buy from Reduce at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/19/18
GSCO
03/19/18
INITIATION
Target $41
GSCO
Neutral
HD Supply assumed with a Neutral at Goldman Sachs
Goldman Sachs analyst Evelyn Chow assumed coverage of HD Supply Holdings with a Neutral rating and $41 price target. The analyst sees several near-term headwinds for the company and believes now is not the right time to own the shares. Chow initiated the Industrial Distributors sector with a neutral stance.
NAV Navistar
$38.48

-0.49 (-1.26%)

06/01/18
PIPR
06/01/18
NO CHANGE
PIPR
Piper truck survey suggests share losses for Allison Transmission
Piper Jaffray analyst Alexander Potter recently surveyed Class 8 truck fleets in order to gauge which engine and transmission combinations are likely to win market share. Regarding future purchase intentions, Cummins (CMI) based drivetrains still score the highest, Potter tells investors in a research note. Among in-house engines, the survey indicates Volvo (VOLVY) and Paccar (PCAR) are gaining momentum at Daimler's expense, while Navistar (NAV) is still rebuilding trust, the analyst adds. Further, in the Class 8 gearbox market, Potter thinks Allison Transmission's (ALSN) market share is effectively maxed out. After several years of success, Allison is running out of headroom for further growth, he contends.
05/31/18
JEFF
05/31/18
NO CHANGE
JEFF
Buy
Jefferies lists buys on 'wildly overdone' electric truck concerns
The ramp of electric trucks amp may be slower than in passenger cars, and incumbent truck makers are likely to remain key players, Jefferies analyst Stephen Volkmann tells investors in a research note. To a much greater extent than in passenger vehicles, commercial vehicle sales rely on uptime and return on investment, and are driven by brand relationship and dealer support, Volkmann adds. He views the "terminal multiple" concerns for established truck players as "wildly overdone" and recommends buying shares of Paccar (PCAR), Navistar (NAV), Volkswagen (VLKAY) and Volvo (VOLVY).
06/01/18
LBOW
06/01/18
UPGRADE
LBOW
Buy
Navistar upgraded to Buy from Neutral at Longbow
06/01/18
06/01/18
UPGRADE
Target $50

Buy
Navistar upgraded to Buy on Class 8 demand, A26 installation rates at Longbow
As previously reported, Longbow upgraded Navistar to Buy from Neutral with a $50 price target. Analyst Faheem Sabeiha has a more positive view following a stronger outlook from contacts and positive market share progression. Sabeiha's 2018 Class 8 dealer checks indicate stronger replacement demand with a growth outlook of +30%, up from +25-30% prior, increased installation rate of Navistar's A26 engine of +25-30% this year, versus 21% in 2017, due to increased performance and availability, and a largely normal pricing environment. The analyst expects the Truck Segment to return to profitability in 2018 and for the company to raise its industry and financial guidance on the Q2 earnings call on June 5.
GIII G-III Apparel
$42.84

0.65 (1.54%)

05/30/18
05/30/18
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. Exxon Mobil (XOM) upgraded to Outperform from Sector Perform at RBC Capital with analyst Biraj Borkhataria saying the stock trades at 8.4-times expected enterprise value to debt-adjusted cash flow vs. 7.1-times for other "super majors" in the industry, forecasting that premium to shrink by 2023 given Exxon Mobil's "superior cash flow growth and debt reduction potential." 2. HP Inc. (HPQ) upgraded to Buy from Hold at Maxim with analyst Nehal Chokshi saying the company's base business is priced "attractively" as the latest quarter places it on track for low-single digit growth. 3. Meredith (MDP) upgraded to Outperform from Neutral at Credit Suisse with analyst Jason Bazinet saying he attributes the weakness in the shares over the past six months to the company's elevated debt levels and deteriorating print ad trends. 4. Allegheny Technologies (ATI) upgraded to Neutral from Sell at Goldman Sachs with analyst Matthew Korn citing the company's "consistency" of growing within a technologically challenging market as well as its fair valuation, while adding that there is some upside to his forecasts based on its operational strength. 5. G-III Apparel (GIII) upgraded to Outperform from Market Perform at Cowen with analyst John Kernan saying he believes free cash flow will improve with the expansion of Donna Karan profitability and as earnings headwinds diminish. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/30/18
COWN
05/30/18
UPGRADE
Target $49
COWN
Outperform
G-III Apparel upgraded to Outperform with $49 price target at Cowen
As reported previously, Cowen analyst John Kernan upgraded G-lll Apparel to Outperform from Market Perform. The analyst also raised his estimates and price target above consensus as he believes free cash flow will improve with the expansion of Donna Karan profitability and as earnings headwinds diminish. Kernan raised his price target to $49 from $34 on G-lll shares.
05/30/18
COWN
05/30/18
UPGRADE
COWN
Outperform
G-III Apparel upgraded to Outperform from Market Perform at Cowen
12/22/17
RILY
12/22/17
INITIATION
Target $36
RILY
Neutral
G-III Apparel resumed with a Neutral at B. Riley FBR
B. Riley FBR analyst Susan Anderson resumed coverage of G-III Apparel with a Neutral rating and $36 price target.

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