Breaking News Instant updates and real-time market news.

WYNN

Wynn Resorts

$164.57

4.44 (2.77%)

, UAA

Under Armour

$22.24

-0.03 (-0.13%)

11:32
07/10/18
07/10
11:32
07/10/18
11:32

Fly Intel: Today's top analyst calls on Wall Street

Check out today's top analyst calls from around Wall Street, compiled by The Fly. STIFEL UPGRADES WYNN TO BUY: Stifel analyst Steven Wieczynski upgraded Wynn Resorts (WYNN) to Buy from Hold, as he believes the pullback in the stock recently has created a compelling opportunity. While acknowledging his upgrade "might be a bit early," Wieczynski argues that he would rather be early than late "given the volatility of swings in Macau related stocks." Wynn is up 2.7% in midday trading. BARCLAYS OPTIMISTIC ON UNDER ARMOUR'S Q2 RESULTS: Barclays analyst Matthew McClintock said Under Armour (UAA) appears well positioned to meet or exceed guidance for Q2. The analyst, however, questioned if that is enough to make the stock work with the shares up 54% year-to-date. Even if Under Armour beats, the recent stock price appreciation likely limits upside in the stock from here, McClintock told investors. McClintock has an Overweight rating on Under Armour with a $20 price target, below the stock's current levels. MIZUHO CUTS CHIPOTLE TO UNDERPERFORM: Mizuho analyst Jeremy Scott downgraded Chipotle Mexican Grill (CMG) to Underperform while raising his price target for the shares to $330 from $300. After an 80% rally since the new CEO appointment, Chipotle shares currently price in an "aggressive recovery" in both comps and margins, Scott told investors in a research note. The analyst does not see "clear catalysts that can justify significant earnings upside." As such, he recommended investors "reduce their risk." EBAY DOWNGRADED AFTER SCOTUS RULING: SunTrust analyst Youssef Squali downgraded eBay (EBAY) to Hold from Buy and lowered his price target to $40 from $48, citing the anticipated impact of the recent U.S. Supreme Court decision that forces collection of online sales tax on a state level and reverses the 1992 e-commerce precedent. Squali added that eBay's more positive developments around Payments, StubHub and buybacks can limit the downside on the stock. SQUARE DOWNGRADED TO 'HOLD' EQUIVALENT RATINGS BY TWO FIRMS: Jefferies analyst John Hecht downgraded Square (SQ) to Hold from Buy after assuming coverage of the name. The analyst said he sees "broadly positive fundamentals" for the company, but believes the shares are fairly valued at current levels. Oppenheimer analyst Glenn Greene downgraded Square to Perform from Outperform after assuming coverage of the name. While the analyst is optimistic that Square's "robust growth will persist," he estimated that greater than 30% and 55% of annual revenue and EBITDA growth are priced into the shares. As such, he sees "meaningful risk if growth moderates or execution falters." Square is down over 1% in midday trading.

WYNN

Wynn Resorts

$164.57

4.44 (2.77%)

UAA

Under Armour

$22.24

-0.03 (-0.13%)

CMG

Chipotle

$455.72

-8.53 (-1.84%)

EBAY

eBay

$37.30

-0.61 (-1.61%)

  • 10

    Jul

  • 16

    Jul

  • 17

    Jul

  • 18

    Jul

  • 18

    Jul

  • 19

    Jul

  • 26

    Jul

WYNN Wynn Resorts
$164.57

4.44 (2.77%)

07/10/18
STFL
07/10/18
UPGRADE
Target $207
STFL
Buy
Wynn Resorts upgraded to Buy from Hold at Stifel
Stifel analyst Steven Wieczynski upgraded Wynn Resorts to Buy from Hold, as he believes the pullback in the stock recently has created a compelling opportunity. While acknowledging his upgrade "might be a bit early" given difficult VIP comparisons through July, Wieczynski argues that tougher VIP comparisons are now baked into expectations and he would rather be early than late "given the volatility of swings in Macau related stocks." His long-term case to own Wynn shares is built on expectations for continued Macau share gains, a ramp in free cash flow in 2019, and the potential for margin expansion, the analyst tells investors. Wieczynski also trimmed his price target on Wynn shares to $207 from $209.
07/10/18
07/10/18
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. CarMax (KMX) upgraded two notches to Overweight from Underweight at Morgan Stanley with analyst Armintas Sinkevicius saying longer term, he is constructive on dealers, citing a belief that tech disruption could accelerate consolidation and set up a transition toward "megafleet managers." 2. Cummins (CMI) upgraded to Buy from Hold at Stifel with analyst Michael Baudendistel saying shares of truck equipment companies have been under pressure primarily on concerns that the cycle is at a peak. 3. Wynn Resorts (WYNN) upgraded to Buy from Hold at Stifel with analyst Steven Wieczynski saying he believes the pullback in the stock recently has created a compelling opportunity. 4. KB Home (KBH) upgraded to Positive from Neutral at Susquehanna with analyst Jack Micenko citing a "clear and visible path" to further gross margin expansion and re-acceleration in community count and order growth well into 2019 for the upgrade, adding that underlying housing trends are strong in many of the markets in which the company currently operates despite "cautious" macro sentiment. 5. Quest Diagnostics (DGX) upgraded to Outperform from In Line at Evercore ISI with analyst Ross Muken saying 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. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/29/18
JEFF
06/29/18
NO CHANGE
Target $229
JEFF
Buy
Wynn Resorts long-term value remains intact, says Jefferies
Jefferies analyst David Katz revisited his channel checks and management's public commentary with shares of Wynn Resorts down 16% month-to-date. While near-term expectations may be high, long-term value remains intact, Katz tells investors in a research note titled "A Multitude of Ways to Wynn." He continues to believe that Wynn's current portfolio and completion of Boston will result in a "profound capital pivot" by 2019. The analyst trimmed his price target for the shares to $229 and $230 and reiterates a Buy rating on the name.
07/05/18
MSCO
07/05/18
NO CHANGE
MSCO
Pullback in Macau gaming names a buying opportunity, says Morgan Stanley
Morgan Stanley analyst Thomas Allen believes the recent selloff in Macau gaming stocks is overdone, as he contends the fact that Macau's gaming revenue growth has missed on the headline for two months in a row is attributable to rising expectations, foreign exchange impacts and likely an improper factoring in of seasonality and the World Cup. Q2 gross gaming revenue growth of 17.2% still beat his forecast of 16%, noted Allen, who said Las Vegas Sands (LVS) continues to be his favored gaming name. He also has an Overweight rating on MGM Resorts (MGM). Allen keeps an Equal Weight rating on Wynn Resorts (WYNN), but sees the stock becoming increasingly attractive if Macau is still "very healthy," as he suspects.
UAA Under Armour
$22.24

-0.03 (-0.13%)

06/21/18
UBSW
06/21/18
INITIATION
Target $24
UBSW
Neutral
Under Armour initiated with a Neutral at UBS
UBS analyst Jay Sole started Under Armour with a Neutral rating and $24 price target.
07/02/18
JPMS
07/02/18
NO CHANGE
Target $16
JPMS
Underweight
Under Armour price target raised to $16 from $13 at JPMorgan
JPMorgan analyst Matthew Boss raised his price target for Under Armour (UAA) to $16 after adjusting his model to reflect recent earnings reports and company news. The analyst, however, keeps an Underweight rating on the shares. Under Armour faces a worsening North America athletic retail environment, driven by bankruptcies and store closures, as well as increased competition from adidas and Puma, Boss tells investors in a research note.
06/29/18
JEFF
06/29/18
NO CHANGE
Target $75
JEFF
Buy
Nike shares remain expensive despite strong Q4, says Jefferies
Jefferies analyst Randal Konik says that while Nike last night reported strong Q4 results, the shares remain expensive. The analyst raised his price target for the stock to $75 from $68 and reiterates a Hold rating on the name. Konik continues to like Foot Locker (FL) as a less expensive way to play Nike, and Under Armour (UAA) as a better way to play a strengthening athletic space.
07/10/18
LEHM
07/10/18
NO CHANGE
Target $20
LEHM
Overweight
Under Armour well positioned to meet or beat Q2 guidance, says Barclays
In a research note titled "We Can Smell What Plank Is Cooking," Barclays analyst Matthew McClintock says Under Armour (UAA) appears well positioned to meet or exceed guidance for Q2. The analyst, however, questions if that is enough to make the stock work with the shares up 54% year-to-date. Even if Under Armour beats, the recent stock price appreciation likely limits upside in the stock from here, McClintock tells investors. He believes the company is more than halfway through its turnaround plan "with an inflection on the horizon." The analyst also believes that its guidance sets up for easy compares in the back-half of the year. McClintock has an Overweight rating on Under Armour with a $20 price target, below the stock's current levels.
CMG Chipotle
$455.72

-8.53 (-1.84%)

07/10/18
MZHO
07/10/18
DOWNGRADE
Target $330
MZHO
Underperform
Chipotle downgraded to Underperform from Neutral at Mizuho
Mizuho analyst Jeremy Scott downgraded Chipotle Mexican Grill to Underperform while raising his price target for the shares to $330 from $300. The stock closed yesterday up $12.72, or 3%, to $463.89. After an 80% rally since the new CEO appointment, Chipotle shares currently price in an "aggressive recovery" in both comps and margins, Scott tells investors in a research note. The analyst does not see "clear catalysts that can justify significant earnings upside." As such, he recommends investors "reduce their risk."
07/09/18
BARD
07/09/18
NO CHANGE
Target $500
BARD
Outperform
Chipotle's near-term setup favorable, says Baird, adding Fresh Pick designation
Baird analyst David Tarantino added a Fresh Pick designation to Chipotle Mexican Grill ahead of the company's Q2 results on July 26, telling investors in a research note that the near-term setup appears favorable and that he sees the potential to report "good" quarterly results, with possible upside to EPS estimates. The analyst says he expects same-store sales momentum to accelerate in Q3, leading to greater investor confidence in the company's turnaround prospects under the leadership of new CEO Brian Niccol and more bullish investor sentiment on the shares. Tarantino has an Outperform rating and $500 price target on shares.
06/29/18
RHCO
06/29/18
NO CHANGE
Target $490
RHCO
Buy
Chipotle price target raised to $490 from $410 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on Chipotle to $490 and kept his Buy rating after the company's investor call. The analyst note that while he was disappointed by the absence of specific targets or timelines for the company's sales initiatives, he expects the company's digital sales process, menu innovation, service improvement, and new marketing strategy to have a near term impact, producing a multi-year recovery in comps. Bartlett also raises his FY18 EPS view to $9.13 from $9.11 and FY19 to $13.60 from $13.55 following this week's call.
07/10/18
07/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Walgreens Boots Alliance (WBA) downgraded to In Line from Outperform at Evercore ISI. 2. Chipotle (CMG) downgraded to Underperform from Neutral at Mizuho with analyst Jeremy Scott saying after an 80% rally since the new CEO appointment, Chipotle shares currently price in an "aggressive recovery" in both comps and margins. 3. Biogen (BIIB) downgraded to Neutral from Outperform at Baird with analyst Brian Skorney saying that following a quick ~35% move since his April upgrade, he is taking his gains off the table on the back of the BAN2401 results. 4. eBay (EBAY) downgraded to Hold from Buy at SunTrust with analyst Youssef Squali citing the anticipated impact of the recent U.S. Supreme Court decision that forces collection of online sales tax on a state level and reverses the 1992 e-commerce precedent. 5. Square (SQ) assumed and downgraded to a Hold from Buy at Jefferies and a Perform from Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
EBAY eBay
$37.30

-0.61 (-1.61%)

07/10/18
RHCO
07/10/18
DOWNGRADE
Target $40
RHCO
Hold
eBay downgraded to Hold at SunTrust on state online tax SCOTUS ruling
As reported earlier, SunTrust analyst Youssef Squali downgraded eBay to Hold from Buy and lowered his price target to $40 from $48, citing the anticipated impact of the recent U.S. Supreme Court decision that forces collection of online sales tax on a state level and reverses the 1992 e-commerce precedent. The analyst notes that while Q2 results will not be impacted by the ruling, the legal tax changes increase the probability of a slowdown in gross merchandise volume in FY19 and beyond, just as this operating metric has started to show some improvement. Squali adds that eBay's more positive developments around Payments, StubHub and buybacks can limit the downside on the stock.
07/10/18
RHCO
07/10/18
DOWNGRADE
RHCO
Hold
eBay downgraded to Hold from Buy at SunTrust
06/21/18
BARD
06/21/18
NO CHANGE
BARD
Baird says buy Amazon, eBay, Shopify on Supreme Court ruling selloff
Baird analyst Colin Sebastian says the Supreme Court ruling in favor of South Dakota over Wayfair (W) does not change his positive sector view on e-commerce. The analyst recommends buying shares of Amazon.com (AMZN), eBay (EBAY) and Shopify on weakness related to today's headlines. While other states are now likely to enact similar sales tax legislation, the financial impact to e-commerce companies is likely to be modest, Sebastian tells investors in a research note titled "Online Sales Tax Ruling a Slight Negative, Headlines More Bark Than Bite." He believes the benefits of convenience and selection are larger drivers of e-commerce share gains compared to low pricing and tax avoidance.

TODAY'S FREE FLY STORIES

BV

BrightView

$21.95

0.14 (0.64%)

07:32
07/23/18
07/23
07:32
07/23/18
07:32
Initiation
BrightView initiated  »

BrightView initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NTR

Nutrien

$52.43

0.43 (0.83%)

07:31
07/23/18
07/23
07:31
07/23/18
07:31
Hot Stocks
Nutrien seels equity state in Arab Potash Company »

Nutrien announced that it…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AMRX

Amneal Pharmaceuticals

$18.52

0.03 (0.16%)

07:31
07/23/18
07/23
07:31
07/23/18
07:31
Hot Stocks
Amneal receives FDA approval on ANDA for Potassium Chloride solution »

Amneal Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Aug

FTSV

Forty Seven

$15.80

0.1 (0.64%)

07:31
07/23/18
07/23
07:31
07/23/18
07:31
Initiation
Forty Seven initiated  »

Forty Seven initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VFC

VF Corp.

$92.95

3.74 (4.19%)

, EXPE

Expedia

$125.50

-2.34 (-1.83%)

07:30
07/23/18
07/23
07:30
07/23/18
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

VFC

VF Corp.

$92.95

3.74 (4.19%)

EXPE

Expedia

$125.50

-2.34 (-1.83%)

PVG

Pretium Resources

$8.37

0.115 (1.39%)

TSN

Tyson Foods

$64.14

-0.76 (-1.17%)

SN

Sanchez Energy

$4.68

-0.14 (-2.90%)

NYCB

New York Community Bancorp

$11.41

-0.025 (-0.22%)

AN

AutoNation

$48.59

-0.75 (-1.52%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jul

  • 01

    Aug

  • 07

    Aug

  • 28

    Oct

BJ

BJ's Wholesale

$25.90

0.23 (0.90%)

07:29
07/23/18
07/23
07:29
07/23/18
07:29
Initiation
BJ's Wholesale initiated  »

BJ's Wholesale…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WIX

Wix.com

$104.35

-0.3 (-0.29%)

07:29
07/23/18
07/23
07:29
07/23/18
07:29
Recommendations
Wix.com analyst commentary  »

Wix.com price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jul

  • 05

    Sep

  • 06

    Sep

FOXA

21st Century Fox

$46.01

-0.54 (-1.16%)

07:29
07/23/18
07/23
07:29
07/23/18
07:29
Conference/Events
21st Century Fox to host special shareholder meeting »

Special shareholder…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Jul

SNAP

Snap

$13.27

-0.155 (-1.16%)

, SQ

Square

$70.41

0.11 (0.16%)

07:28
07/23/18
07/23
07:28
07/23/18
07:28
Periodicals
Snap to shutdown Snapcash, end partnership with Square, TechCrunch reports »

Snap (SNAP) will end its…

SNAP

Snap

$13.27

-0.155 (-1.16%)

SQ

Square

$70.41

0.11 (0.16%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Aug

  • 07

    Aug

  • 15

    Aug

  • 16

    Aug

EVER

EverQuote

$17.99

0.43 (2.45%)

07:28
07/23/18
07/23
07:28
07/23/18
07:28
Initiation
EverQuote initiated  »

EverQuote initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Aug

VFC

VF Corp.

$92.95

3.74 (4.19%)

07:27
07/23/18
07/23
07:27
07/23/18
07:27
Recommendations
VF Corp. analyst commentary  »

VF Corp. price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPOT

Spotify

$182.65

0.49 (0.27%)

, P

Pandora

$8.20

0.005 (0.06%)

07:27
07/23/18
07/23
07:27
07/23/18
07:27
Initiation
Spotify, Pandora initiated  »

Spotify initiated with a…

SPOT

Spotify

$182.65

0.49 (0.27%)

P

Pandora

$8.20

0.005 (0.06%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jul

  • 13

    Aug

  • 14

    Aug

SHOP

Shopify

$171.72

0.04 (0.02%)

07:27
07/23/18
07/23
07:27
07/23/18
07:27
Recommendations
Shopify analyst commentary  »

Shopify price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Jul

BIIB

Biogen

$358.72

0.55 (0.15%)

07:26
07/23/18
07/23
07:26
07/23/18
07:26
Recommendations
Biogen analyst commentary  »

Biogen price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jul

  • 25

    Jul

  • 30

    Jul

  • 31

    Jul

07:25
07/23/18
07/23
07:25
07/23/18
07:25
General news
FX Update: The Dollar recovered losses »

FX Update: The Dollar…

GDDY

GoDaddy

$78.49

0.25 (0.32%)

07:24
07/23/18
07/23
07:24
07/23/18
07:24
Recommendations
GoDaddy analyst commentary  »

GoDaddy price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Aug

EVER

EverQuote

$17.99

0.43 (2.45%)

07:23
07/23/18
07/23
07:23
07/23/18
07:23
Initiation
EverQuote initiated  »

EverQuote initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Aug

WCG

WellCare

$256.13

0.545 (0.21%)

07:22
07/23/18
07/23
07:22
07/23/18
07:22
Initiation
WellCare initiated  »

WellCare initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Jul

MOH

Molina Healthcare

$106.16

0.64 (0.61%)

07:20
07/23/18
07/23
07:20
07/23/18
07:20
Initiation
Molina Healthcare initiated  »

Molina Healthcare…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Aug

  • 21

    Aug

07:20
07/23/18
07/23
07:20
07/23/18
07:20
General news
Treasury Market Outlook: Treasury yields have dipped lower »

Treasury Market Outlook:…

CNC

Centene

$135.45

0.175 (0.13%)

07:19
07/23/18
07/23
07:19
07/23/18
07:19
Initiation
Centene initiated  »

Centene initiated with an…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jul

  • 10

    Aug

  • 23

    Oct

  • 14

    Dec

OMER

Omeros

$19.63

-0.42 (-2.09%)

07:19
07/23/18
07/23
07:19
07/23/18
07:19
Hot Stocks
Omeros initiates sales of Omidria in Europe, satisfies 'sunset clause' »

Omeros announced initial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LOVE

Lovesac

$20.84

0.07 (0.34%)

07:19
07/23/18
07/23
07:19
07/23/18
07:19
Initiation
Lovesac initiated  »

Lovesac initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BJ

BJ's Wholesale

$25.90

0.23 (0.90%)

07:17
07/23/18
07/23
07:17
07/23/18
07:17
Initiation
BJ's Wholesale initiated  »

BJ's Wholesale…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FOX

21st Century Fox

$45.69

-0.5 (-1.08%)

07:16
07/23/18
07/23
07:16
07/23/18
07:16
Conference/Events
21st Century Fox to host special shareholder meeting »

Special shareholder…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Jul

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.