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DRI

Darden

$91.48

0.59 (0.65%)

, WING

Wingstop

$52.99

1.03 (1.98%)

10:25
06/07/18
06/07
10:25
06/07/18
10:25

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Darden (DRI) upgraded to Buy from Hold at SunTrust with Jake Bartlett citing his view that its multiple will expand with modest comp sales outperformance beyond fiscal 2018, accelerating unit growth, resumed acquisitions and a higher dividend. 2. Wingstop (WING) upgraded to Outperform from Neutral at Wedbush with analyst Nick Setyan saying he believes drivers of same store sales growth and margin upside relative to current consensus 2018 and 2019 estimates exist. 3. LabCorp (LH) upgraded to Overweight from Sector Weight at KeyBanc with analyst Donald Hooker saying he sees LabCorp and Quest Diagnostics (DGX) benefiting over time from their recent contracts with United Healthcare (UNH) and Aetna (AET). 4. Carrizo Oil & Gas (CRZO) upgraded to Buy from Hold at Tudor Pickering. 5. Canadian Solar (CSIQ) upgraded to Neutral from Underweight at JPMorgan with analyst Paul Coster saying risks from China's new solar policy appear priced in the shares at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

DRI

Darden

$91.48

0.59 (0.65%)

WING

Wingstop

$52.99

1.03 (1.98%)

LH

LabCorp

$184.07

-0.52 (-0.28%)

CRZO

Carrizo Oil & Gas

$26.11

1.33 (5.37%)

CSIQ

Canadian Solar

$12.74

0.31 (2.49%)

  • 12

    Jun

  • 21

    Jun

  • 10

    Jul

DRI Darden
$91.48

0.59 (0.65%)

06/07/18
RHCO
06/07/18
UPGRADE
Target $110
RHCO
Buy
Darden upgraded to Buy from Hold at SunTrust
SunTrust analyst Jake Bartlett upgraded Darden Restaurants to Buy from Hold and raised his price target for shares to $110 from $104, citing his view that its multiple will expand with modest comp sales outperformance beyond fiscal 2018, accelerating unit growth, resumed acquisitions and a higher dividend. In a research note to investors, Bartlett said the issues pressuring Q4 results are "largely transitory," creating a buying opportunity following share price underperformance year-to-date. While he does see risk to Q4 SSS estimates, he believes this is priced in, but the improving long-term story is not.
05/17/18
BERN
05/17/18
NO CHANGE
Target $64
BERN
Market Perform
Starbucks appears expensive in U.S. restaurant space, says Bernstein
Bernstein analyst Sara Senatore told investors in a research note that in the U.S. restaurant space, Starbucks (SBUX) appears expensive. She views the relatively large valuation as "surprising" given that she believes the risk to growth is more likely to the downside than the upside, and thinks Starbucks is confronting an increasingly mature U.S. market, lower marginal returns and slower growth. She expects fundamental upside from peers McDonald's (MCD), Darden (DRI), Chipotle (CMG) and Yum! (YUM). Senatore has a Market Perform rating and $64 price target on Starbucks.
05/24/18
OPCO
05/24/18
NO CHANGE
Target $105
OPCO
Outperform
Darden added to Top Picks list at Oppenheimer
Oppenheimer analyst Brian Bittner says Darden's stock underperformance has pulled down valuation and created an entry that makes it now one of his top picks for the rest of 2018. Further, the analyst argues that Darden's risk-reward is intriguing as fundamentals have drivers to remain solid and 2019 EPS estimates could be holding upside at a discounted valuation. Bittner reiterates an Outperform rating and $105 price target on the shares.
06/06/18
RHCO
06/06/18
UPGRADE
RHCO
Buy
Darden upgraded to Buy from Hold at SunTrust
WING Wingstop
$52.99

1.03 (1.98%)

06/07/18
06/07/18
UPGRADE
Target $59

Outperform
Wingstop upgraded to Outperform at Wedbush
As previously reported, Wedbush analyst Nick Setyan upgraded Wingstop to Outperform from Neutral as he believes drivers of same store sales growth and margin upside relative to current consensus 2018 and 2019 estimates exist. The analyst also believes the long-term domestic and international opportunity remains underappreciated, even at Wingstop's current valuation. Additionally, Setyan raised his price target on the stock to $59 from $51.
06/07/18
WEDB
06/07/18
UPGRADE
WEDB
Outperform
Wingstop upgraded to Outperform from Neutral at Wedbush
04/20/18
04/20/18
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. Roku (ROKU) initiated with a Hold at Loop Capital. 2. Merit Medical (MMSI) initiated with a Buy at Needham. 3. Wingstop (WING) initiated with a Buy at BTIG. 4. Globant (GLOB) initiated with a Hold at HSBC. 5. Albireo Pharma (ALBO) 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.
04/20/18
BTIG
04/20/18
INITIATION
Target $59
BTIG
Buy
Wingstop initiated with a Buy at BTIG
BTIG analyst Peter Saleh initiated Wingstop with a Buy and $59 price target saying it is one of the most compelling stocks in the limited service restaurant space. Saleh recognizes the stock's lofty valuation, but believes the combination of a category-leading concept, ample unit growth and clear sales drivers is too compelling to pass up. Additionally,the analyst said Wingstop's enviable digital platform provides not only a sales lift but operational efficiencies as well.
LH LabCorp
$184.07

-0.52 (-0.28%)

05/29/18
05/29/18
UPGRADE

Overweight
Quest Diagnostics upgraded to Overweight after contract awards at Morgan Stanley
As previously reported, Morgan Stanley analyst Ricky Goldwasser upgraded Quest Diagnostics (DGX) to Overweight from Equal Weight, stating that UnitedHealth's (UNH) and Aetna's (AET) decisions to open up lab contracts and establish a long-term strategic partnership with both Quest and LabCorp (LH) signals a more disciplined pricing environment for the forseeable future and raises his confidence in Quest delivering earnings growth at the high end of its 3%-5% long-term goal. Goldwasser raised his price target on Quest shares to $120 from $103.
05/25/18
EVER
05/25/18
NO CHANGE
Target $40.5
EVER
Outperform
Hologic relationship with Quest seems 'healthy,' says Evercore ISI
Evercore IS analyst Vijay Kumar sees "minimal risks" to Hologic (HOLX) from Quest Diagnostics' (DGX) and LabCorp's (LH) contract renegotiations with UnitedHealth (UNH) and Aetna (AET). He estimates Quest and LabCorp together account for about $200M of revenue for Hologic. Hologic received a Supplier Excellence award last year from Quest, which points to "healthy" relationship, Kumar tells investors in a research note. He believes the labs' new contracts bake in a mid-single digit pricing cut, leading a "manageable" 3c-4c of earnings impact to Hologic. Kumar has an Outperform rating on the shares with a $40.50 price target.
06/07/18
KEYB
06/07/18
UPGRADE
KEYB
Overweight
LabCorp upgraded to Overweight from Sector Weight at KeyBanc
06/07/18
06/07/18
UPGRADE
Target $210

Overweight
LabCorp upgraded to Overweight at KeyBanc
As previously reported, KeyBanc analyst Donald Hooker upgraded LabCorp (LH) to Overweight from Sector Weight, with a $210 price target. The analyst sees LabCorp and Quest Diagnostics (DGX) benefiting over time from their recent contracts with United Healthcare (UNH) and Aetna (AET). Between LabCorp and Quest Diagnostics, Hooker sees the former as having the more timely valuation.
CRZO Carrizo Oil & Gas
$26.11

1.33 (5.37%)

04/04/18
DBAB
04/04/18
INITIATION
Target $20
DBAB
Hold
Carrizo Oil & Gas initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Nitin Kumar started Carrizo Oil & Gas with a Hold rating and $20 price target.
05/18/18
JEFF
05/18/18
DOWNGRADE
Target $26
JEFF
Hold
Carrizo Oil & Gas downgraded to Hold from Buy at Jefferies
Jefferies analyst Mark Lear downgraded Carrizo Oil & Gas to Hold while raising his price target for the shares to $26 from $23. The analyst views the valuation as full at current share levels.
06/07/18
TUDR
06/07/18
UPGRADE
TUDR
Buy
Carrizo Oil & Gas upgraded to Buy from Hold at Tudor Pickering
04/09/18
HOWW
04/09/18
DOWNGRADE
HOWW
Sector Perform
Carrizo Oil & Gas downgraded to Sector Perform at Scotia Howard Weil
Scotia Howard Weil analyst Philip Stuart downgraded Carrizo Oil & Gas to Sector Perform from Outperform following the stock's jump in early April due to the involvement of activist Kimmeridge pushing for a sale or merger, as he does not feel that the company has enough scale in the Permian to attract any suitors for the overall company and does not see selling the Eagle Ford as a viable option.
CSIQ Canadian Solar
$12.74

0.31 (2.49%)

03/27/18
JPMS
03/27/18
DOWNGRADE
Target $17
JPMS
Underweight
Canadian Solar downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Paul Coster downgraded Canadian Solar (CSIQ) to Underweight with a $17 price target. The analyst sees downside risk from potential U.S. tariffs and a slowdown in China following the stock's recent outperformance. He prefers shares over SolarEdge Technologies (SEDG).
04/05/18
ROTH
04/05/18
NO CHANGE
ROTH
Solar 'doges bullet' as inverters/cells/modules sidestep 301 tariffs, says Roth Capital
Roth Capital analyst Philip Shen notes that inverters, solar cells, and solar modules were not on the 301 product list released on the USTR website providing which Chinese imports will be subject to 25% tariffs. A 301 tariff that increases module or inverter costs in the U.S. could have served as another dampener of U.S. solar demand, he contends, adding that the lack of impact represents an overall positive for the industry and positive for most in his coverage universe, including Canadian Solar (CSIQ), Enphase Energy (ENPH), First Solar (FSLR), Hanwah Q CELLS (HQCL), JinkoSolar (JKS), Sunrun (RUN), SolarEdge (SEDG), ReneSola (SOL), Sunworks (SUNW), and Yingli Green Energy (YGE).
06/07/18
JPMS
06/07/18
UPGRADE
Target $15
JPMS
Neutral
Canadian Solar upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Paul Coster upgraded Canadian Solar to Neutral while lowering his price target for the shares to $15 from $17. Risks from China's new solar policy appear priced in the shares at current levels, Coster tells investors in a research note. The analyst sees a more balanced risk/reward at current stock levels.
03/20/18
OPCO
03/20/18
NO CHANGE
Target $19
OPCO
Outperform
Canadian Solar price target lowered to $19 from $32 at Oppenheimer
Oppenheimer analyst Colin Rusch lowered his price target for Canadian Solar to $19 from $32 in line with the current take-private offer which he believes will cap valuation on the shares. The analyst reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

WSC

WillScot

$14.18

-0.17 (-1.18%)

21:53
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CYRN

Cyren

$1.60

(0.00%)

21:32
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VEC

Vectrus

$38.28

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21:32
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OSPN

OneSpan

$13.81

-0.38 (-2.68%)

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CMBM

Cambium Networks

$0.00

(0.00%)

21:29
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Syndicate
Cambium Networks 5.8M share IPO price $12.00 »

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VICI

VICI Properties

$21.80

-0.52 (-2.33%)

21:27
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Syndicate
VICI Properties 100M share Secondary priced at $21.50 »

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Conference/Events
CLSA Asian tech analysts to hold an analyst/industry conference call »

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GIS

General Mills

$53.70

0.04 (0.07%)

, PAYX

Paychex

$84.76

-1.41 (-1.64%)

20:25
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06/25
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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GIS

General Mills

$53.70

0.04 (0.07%)

PAYX

Paychex

$84.76

-1.41 (-1.64%)

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BAX

Baxter

$81.71

-0.58 (-0.70%)

19:32
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Initiation
Baxter initiated at KeyBanc »

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FB

Facebook

$188.87

-3.69 (-1.92%)

19:21
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Periodicals
Brazil court reduces fine for Facebook's refusal to share data, Reuters says »

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PCG

PG&E

$21.62

-0.02 (-0.09%)

19:01
06/25/19
06/25
19:01
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19:01
Periodicals
PG&E bondholders seek control of utility's bankruptcy, SVBJ reports »

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KMI

Kinder Morgan

$20.58

-0.58 (-2.74%)

18:55
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Kinder Morgan says 'very pleased' with Travis County District Court ruling »

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MU

Micron

$32.71

-0.47 (-1.42%)

, FDX

FedEx

$156.00

-4.88 (-3.03%)

18:37
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Hot Stocks
Fly Intel: After Hours Movers »

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MU

Micron

$32.71

-0.47 (-1.42%)

FDX

FedEx

$156.00

-4.88 (-3.03%)

AVAV

AeroVironment

$61.41

-0.52 (-0.84%)

GBT

Global Blood Therapeutics

$62.42

-0.87 (-1.37%)

03/08/13
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18:15
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General news
Breaking General news story  »

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CMCSA

Comcast

$42.75

-0.85 (-1.95%)

, CMCSK

Comcast

$0.00

(0.00%)

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Periodicals
NBC to pull 'The Office' from Netflix in 2021, CNBC says »

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CMCSA

Comcast

$42.75

-0.85 (-1.95%)

CMCSK

Comcast

$0.00

(0.00%)

NFLX

Netflix

$360.29

-10.72 (-2.89%)

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FDX

FedEx

$156.00

-4.88 (-3.03%)

18:03
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FDX

FedEx

$156.00

-4.88 (-3.03%)

18:01
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QD

Qudian

$8.46

-0.275 (-3.15%)

18:00
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FDX

FedEx

$156.00

-4.88 (-3.03%)

, AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

17:57
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Hot Stocks
Breaking Hot Stocks news story on FedEx, Amazon.com »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:56
06/25/19
06/25
17:56
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17:56
Hot Stocks
FedEx sees buyback level significantly lower in FY20 »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:51
06/25/19
06/25
17:51
06/25/19
17:51
Hot Stocks
FedEx says has made no pricing changes »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:46
06/25/19
06/25
17:46
06/25/19
17:46
Hot Stocks
FedEx says international commercial team still poised for growth »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:43
06/25/19
06/25
17:43
06/25/19
17:43
Hot Stocks
FedEx says global trade picture 'less than ideal' »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:38
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06/25
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Hot Stocks
FedEx calls FY20 a 'transition year' »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:37
06/25/19
06/25
17:37
06/25/19
17:37
Hot Stocks
FedEx says intends to substantially grow e-commerce business »

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