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DGX

Quest Diagnostics

$110.72

0.21 (0.19%)

, AMZN

Amazon.com

$1,739.08

27.79 (1.62%)

09:35
07/10/18
07/10
09:35
07/10/18
09:35

Quest Diagnostics upgraded to Outperform at Evercore ISI on improved volume view

As reported earlier, Evercore ISI analyst Ross Muken upgraded Quest Diagnostics (DGX) to Outperform from In Line and raised his price target to $121 from $108. The analyst notes that the company will likely be the beneficiary of improved volumes, stable pricing, heightened M&A and fund flows amid the heightened volatility within the Rx supply chain. Muken believes that the company is "less exposed to political risk and big bad Amazon (AMZN)" competition, while its new management has also effectively reduced costs and deployed capital.

DGX

Quest Diagnostics

$110.72

0.21 (0.19%)

AMZN

Amazon.com

$1,739.08

27.79 (1.62%)

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    Aug

DGX Quest Diagnostics
$110.72

0.21 (0.19%)

06/25/18
06/25/18
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. BorgWarner (BWA) upgraded to Buy from Neutral at Goldman Sachs with analyst David Tamberrino saying he believes the company will outperform supplier peers late in the North American auto cycle. 2. Norfolk Southern (NSC) upgraded to Buy from Neutral at Citi with analyst Christian Wetherbee stating that he sees solid upside to consensus estimates and the potential for multiple appreciation based on "sustainably better" free cash flow. 3. Quest Diagnostics (DGX) upgraded to Overweight from Equal Weight at Barclays with analyst Jack Meehan citing the company's "very favorable" risk-reward profile and current levels. 4. Ciena (CIEN) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Meta Marshall saying recent meetings with management give her confidence that revenue momentum can persist at least for the next year. 5. Microsoft (MSFT) upgraded to Overweight from Neutral at Atlantic Equities with analyst James Cordwell stating the company has successfully managed the cloud transition, while expanding its addressable market, and should now be a primary beneficiary of enterprises undertaking digital transformations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/27/18
DBAB
06/27/18
DOWNGRADE
DBAB
Hold
Quest Diagnostics downgraded to Hold from Buy at Deutsche Bank
06/27/18
06/27/18
DOWNGRADE

Hold
Deutsche Bank downgrades Quest, LabCorp to Hold with catalysts 'exhausted'
As previously reported, Deutsche Bank analyst Dan Leonard downgraded Quest Diagnostics (DGX) and LabCorp (LH), both to Hold from Buy, stating that he previously believed that hospital labs, which could be more impaired by Medicare reimbursement cuts, would be willing sellers, but the slower than expected pace of deals has made him question this assumption. He continues to see durable organic growth for Quest's and LabCorp's diagnostics businesses, but he now wonders if some headwinds had abated in the way he'd previously assumed, Leonard added.
07/10/18
EVER
07/10/18
UPGRADE
EVER
Outperform
Quest Diagnostics upgraded to Outperform from In Line at Evercore ISI
AMZN Amazon.com
$1,739.08

27.79 (1.62%)

07/02/18
LEHM
07/02/18
NO CHANGE
LEHM
Equal Weight
Express Scripts most exposed to mail order market disruption, says Barclays
Barclays analyst Steve Valiquette believes Express Scripts (ESRX) is most exposed to Amazon's (AMZN) acquisition of PillPack. The analyst estimates Express Scripts has 35%-40% share of the U.S. prescription mail order market. The mail order prescription market is the most immediate area for possible disruption from Amazon/PillPack given the nature of PillPack's business and Amazon's existing mail-order logistical infrastructure, Valiquette tells investors in a research note. The analyst assumes PillPack captures 1% share of the U.S. mail-order Rx market in 2019, and improves its market share further by 1% each year afterwards. Valiquette calculates a "hypothetical" 13c negative earnings per share impact for Express Scripts in 2019. He believes the negative earnings impact could reach 45c by 2021, but thinks Express Scripts could undertake expense cuts to offset some of this. For Walgreens Boots Alliance (WBA), the analyst calculates a negative earnings per share impact of 15c in 2020, or 2% of his current estimate assuming no additional cost-cutting. Valiquette has Equal Weight ratings on both Express Scripts and Walgreens.
07/02/18
JEFF
07/02/18
NO CHANGE
JEFF
Jefferies sees rotation coming to Technology, downgrades sector rating
Jefferies equity strategist Steven DeSanctis downgraded his rating on the Technology sector to a Market Weight from Overweight. "Sentiment is too strong and we sense a rotation coming," DeSanctis tells investors in a research note. On Biotech, the analyst recommends staying selective as the sector "is nearing an all-time high weight in small growth benchmarks." On Financials, DeSanctis says that while the sector has not worked for 18 months, rising interest rates, more deal activity and cheaper valuations could get the group moving higher.
07/09/18
SBSH
07/09/18
UPGRADE
Target $81
SBSH
Buy
CVS Health assumed to Buy from Neutral at Citi
Citi analyst Ralph Giacobbe upgraded CVS Health (CVS) to Buy after assuming coverage of the name. The analyst raised his price target for the shares to $81 from $68. While the execution of an integrated healthcare superstore post the pending Aetna (AET) acquisition may be a long way off, the concept will resonate with employers and individuals, Giacobbe tells investors in a research note. He believes deal integration and competitive Amazon (AMZN) risk are "somewhat overstated particularly in the context of heavily discounted valuation."
07/09/18
SBSH
07/09/18
DOWNGRADE
Target $69
SBSH
Neutral
Walgreens Boots Alliance downgraded to Neutral from Buy at Citi
Citi analyst Ralph Giacobbe downgraded Walgreens Boots Alliance (WBA) to Neutral after assuming coverage of the name. The analyst lowered his price target for the shares to $69 from $76. The analyst finds it difficult to argue for "meaningful multiple expansion" given headwinds from industry pressures and a dynamic and changing backdrop. Further, Amazon's (AMZN) recent acquisition of PillPack reignites "further competitive fears," Giacobbe tells investors in a research note.

TODAY'S FREE FLY STORIES

INST

Instructure

$44.93

-0.225 (-0.50%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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USO

United States Oil Fund

$14.47

0.085 (0.59%)

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IIIV

i3 Verticals

$16.73

-0.025 (-0.15%)

06:52
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KRYS

Krystal Biotech

$17.14

0.08 (0.47%)

06:52
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07/16
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06:52
Conference/Events
Krystal Biotech management to meet with Oppenheimer »

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XOP

SPDR Oil Exploration and Production Fund

$43.19

0.06 (0.14%)

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Technical Analysis
SPDR Oil Exploration and Production Fund: Pivot points »

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:51
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Hot Stocks
Bank of America reports Q2 average loan balances in business segments up 5% »

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  • 16

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$26.43

0.89 (3.48%)

06:51
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Technical Analysis
VelocityShares 3x Inv Natural Gas ETN: Pivot points »

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NBIX

Neurocrine

$102.95

0.17 (0.17%)

, TEVA

Teva

$23.29

-0.45 (-1.90%)

06:51
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06:51
Recommendations
Neurocrine, Teva analyst commentary  »

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NBIX

Neurocrine

$102.95

0.17 (0.17%)

TEVA

Teva

$23.29

-0.45 (-1.90%)

03/08/13
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  • 31

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$54.61

-2.06 (-3.64%)

06:50
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07/16
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Technical Analysis
VelocityShares 3x Long Natural Gas ETN: Pivot points »

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:50
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07/16
06:50
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06:50
Hot Stocks
Bank of America reports Q2 NII up 6% to $11.7B »

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  • 16

    Jul

ERJ

Embraer

$21.50

-0.78 (-3.50%)

06:49
07/16/18
07/16
06:49
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06:49
Periodicals
Embraer sees demand for 10,550 smaller jets in next 20 years, Reuters reports »

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  • 16

    Jul

EPRT

Essential Properties Realty Trust

$14.00

(0.00%)

06:49
07/16/18
07/16
06:49
07/16/18
06:49
Initiation
Essential Properties Realty Trust initiated  »

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EWZ

MSCI Brazil Index

$34.05

0.67 (2.01%)

06:49
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Technical Analysis
MSCI Brazil Index: Pivot points »

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VNTR

Venator Materials

$16.76

0.07 (0.42%)

, TROX

Tronox

$19.31

-0.28 (-1.43%)

06:49
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06:49
Hot Stocks
Venator Materials to acquire European paper laminates business from Tronox »

Venator Materials (VNTR)…

VNTR

Venator Materials

$16.76

0.07 (0.42%)

TROX

Tronox

$19.31

-0.28 (-1.43%)

03/08/13
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  • 31

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PSA

Public Storage

$228.07

-1.43 (-0.62%)

06:48
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06:48
Downgrade
Public Storage rating change  »

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  • 02

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EFA

iShares MSCI EAFE Index Fund

$67.80

0.21 (0.31%)

06:48
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Technical Analysis
iShares MSCI EAFE Index Fund: Pivot points »

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:48
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Hot Stocks
Bank of America reports Q2 return on average assets 1.17% »

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  • 16

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BRO

Brown & Brown

$28.76

0.025 (0.09%)

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  • 24

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JNK

SPDR Barclays High Yield Bond

$35.69

(0.00%)

06:48
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Technical Analysis
SPDR Barclays High Yield Bond: Pivot points »

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ITCI

Intra-Cellular

$20.45

-0.11 (-0.54%)

06:47
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Conference/Events
Intra-Cellular management to meet with RBC Capital »

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  • 18

    Jul

SJB

ProShares Short High Yield

$22.95

-0.055 (-0.24%)

06:47
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Technical Analysis
ProShares Short High Yield: Pivot points »

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OSUR

OraSure

$17.32

0.01 (0.06%)

06:46
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06:46
Downgrade
OraSure rating change  »

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  • 18

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    Aug

NEP

NextEra Energy Partners

$45.91

-0.51 (-1.10%)

06:46
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Downgrade
NextEra Energy Partners rating change  »

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  • 25

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HYG

iShares iBoxx $ High Yield Corporate Bond

$85.63

0.005 (0.01%)

06:46
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