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CMG

Chipotle

$455.36

-8.89 (-1.91%)

12:02
07/10/18
07/10
12:02
07/10/18
12:02

Postmates launches 100+ cities in U.S. expansion, expands Chipotle partnership

In a massive U.S. market expansion, Postmates, an on-demand delivery companies, launched 100+ cities, increasing coverage to nearly 1 in 2 U.S. households. Now, over 50M more customers can access the on-demand delivery platform with the broadest selection of restaurants and stores, and lowest prices. The company also announced it has expanded its national delivery partnership with Chipotle Mexican Grill, adding 300 locations and reducing delivery fees to $3.99. To celebrate, Postmates is waiving delivery fees on all Chipotle orders through Sunday, July 15.

  • 10

    Jul

  • 26

    Jul

CMG Chipotle
$455.36

-8.89 (-1.91%)

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.
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."
07/10/18
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.
07/10/18
07/10/18
NO CHANGE

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.

TODAY'S FREE FLY STORIES

SVU

Supervalu

$32.50

0.01 (0.03%)

08:58
10/22/18
10/22
08:58
10/22/18
08:58
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Breaking Hot Stocks news story on Supervalu »

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UROV

Urovant Sciences

$11.62

-0.63 (-5.14%)

08:58
10/22/18
10/22
08:58
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08:58
Initiation
Urovant Sciences initiated  »

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STRO

Sutro Biopharma

$14.55

0.03 (0.21%)

08:57
10/22/18
10/22
08:57
10/22/18
08:57
Initiation
Sutro Biopharma initiated  »

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SLB

Schlumberger

$58.49

0.06 (0.10%)

08:56
10/22/18
10/22
08:56
10/22/18
08:56
Recommendations
Schlumberger analyst commentary  »

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BXS

BancorpSouth

$28.47

-0.72 (-2.47%)

08:55
10/22/18
10/22
08:55
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08:55
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BancorpSouth analyst commentary  »

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BXS

BancorpSouth

$28.47

-0.72 (-2.47%)

08:55
10/22/18
10/22
08:55
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08:55
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BancorpSouth analyst commentary  »

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AAPL

Apple

$219.28

3.3 (1.53%)

, AMD

AMD

$23.66

-2.95 (-11.09%)

08:55
10/22/18
10/22
08:55
10/22/18
08:55
Options
Notable open interest changes for October 22nd »

Friday's total…

AAPL

Apple

$219.28

3.3 (1.53%)

AMD

AMD

$23.66

-2.95 (-11.09%)

PBR

Petrobras

$15.49

0.16 (1.04%)

MU

Micron

$40.44

-0.86 (-2.08%)

03/08/13
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03/06/13
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03/06/13
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  • 24

    Oct

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    Dec

SVMK

SurveyMonkey

$12.97

-0.78 (-5.67%)

08:53
10/22/18
10/22
08:53
10/22/18
08:53
Initiation
SurveyMonkey initiated  »

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ORCL

Oracle

$47.59

0.19 (0.40%)

08:52
10/22/18
10/22
08:52
10/22/18
08:52
Conference/Events
Oracle to host investor meeting »

Financial Investor…

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  • 14

    Nov

EBAY

eBay

$28.73

-2.83 (-8.97%)

08:51
10/22/18
10/22
08:51
10/22/18
08:51
Technical Analysis
Technical Take: eBay falls, analyst downgrades »

The stock was last down…

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  • 30

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  • 03

    Mar

ABBV

AbbVie

$88.01

-1.93 (-2.15%)

08:51
10/22/18
10/22
08:51
10/22/18
08:51
Recommendations
AbbVie analyst commentary  »

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  • 02

    Nov

PYPL

PayPal

$84.75

7.25 (9.35%)

08:50
10/22/18
10/22
08:50
10/22/18
08:50
Periodicals
PayPal CFO tells Yahoo Finance no plans to spin off Venmo »

PayPal CFO John Rainey…

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  • 22

    Oct

  • 13

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    Nov

  • 26

    Nov

IONS

Ionis Pharmaceuticals

$45.21

-1.13 (-2.44%)

, AZN

AstraZeneca

$39.21

0.25 (0.64%)

08:50
10/22/18
10/22
08:50
10/22/18
08:50
Hot Stocks
Ionis Pharmaceuticals presents Phase 1b/2 data of danvatirsen »

Ionis Pharmaceuticals…

IONS

Ionis Pharmaceuticals

$45.21

-1.13 (-2.44%)

AZN

AstraZeneca

$39.21

0.25 (0.64%)

03/08/13
Wedge Partners
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  • 23

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    Nov

AEE

Ameren

$66.06

1.16 (1.79%)

08:49
10/22/18
10/22
08:49
10/22/18
08:49
Hot Stocks
Ameren Missouri to acquire 157-megawatt wind facility in northwest Missouri »

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  • 31

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  • 11

    Nov

SALT

Scorpio Bulkers

$6.32

0.07 (1.12%)

08:47
10/22/18
10/22
08:47
10/22/18
08:47
Earnings
Scorpio Bulkers reports Q3 EPS (1c), consensus 3c »

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  • 22

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AAPL

Apple

$219.28

3.3 (1.53%)

08:47
10/22/18
10/22
08:47
10/22/18
08:47
Recommendations
Apple analyst commentary  »

Apple' advertising…

03/08/13
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MU

Micron

$40.44

-0.86 (-2.08%)

08:46
10/22/18
10/22
08:46
10/22/18
08:46
Initiation
Micron initiated  »

Micron initiated with a…

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SJI

South Jersey Industries

$35.20

0.15 (0.43%)

08:46
10/22/18
10/22
08:46
10/22/18
08:46
Conference/Events
South Jersey Industries to host investor meeting »

Investor meeting to be…

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DTEA

DavidsTea

$2.60

-0.11 (-4.06%)

, CRMD

CorMedix

$1.24

-0.37 (-22.98%)

08:45
10/22/18
10/22
08:45
10/22/18
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

DTEA

DavidsTea

$2.60

-0.11 (-4.06%)

CRMD

CorMedix

$1.24

-0.37 (-22.98%)

NBEV

New Age Beverages

$5.83

-0.73 (-11.13%)

CWH

Camping World

$21.37

0.52 (2.49%)

EWJ

iShares MSCI Japan Index Fund

$56.64

0.08 (0.14%)

NEPT

Neptune Wellness

$4.06

-0.26 (-6.02%)

QID

ProShares UltraShort QQQ

$40.24

0.13 (0.32%)

BZUN

Baozun

$39.66

0.21 (0.53%)

IQ

iQIYI

$23.56

-0.9 (-3.68%)

03/08/13
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JTPY

JetPay

$2.07

(0.00%)

08:45
10/22/18
10/22
08:45
10/22/18
08:45
Hot Stocks
Breaking Hot Stocks news story on JetPay 

JetPay trading resumes

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03/08/13
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03/06/13
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GWRS

Global Water Resources

$10.67

0.17 (1.62%)

08:44
10/22/18
10/22
08:44
10/22/18
08:44
Hot Stocks
Global Water Resources receives extension on taxable gain »

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  • 09

    Nov

JD

JD.com

$23.00

-0.335 (-1.44%)

08:44
10/22/18
10/22
08:44
10/22/18
08:44
Recommendations
JD.com analyst commentary  »

JD.com price target…

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WMT

Walmart

$97.15

0.96 (1.00%)

08:43
10/22/18
10/22
08:43
10/22/18
08:43
Recommendations
Walmart analyst commentary  »

Walmart price target…

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  • 28

    Oct

  • 15

    Nov

NKE

Nike

$74.19

-1.4 (-1.85%)

08:42
10/22/18
10/22
08:42
10/22/18
08:42
Recommendations
Nike analyst commentary  »

Nike well positioned to…

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HAS

Hasbro

$98.12

-0.36 (-0.37%)

08:41
10/22/18
10/22
08:41
10/22/18
08:41
Technical Analysis
Technical Take: Hasbro drops following earnings miss »

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  • 22

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