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EBAY

eBay

$37.55

0.57 (1.54%)

07:13
07/13/18
07/13
07:13
07/13/18
07:13

eBay's guidance may come down slightly at high end on FX changes, says Barclays

Barclays analyst Ross Sandler reiterated an Overweight rating and $54 price target on eBay ahead of the company's Q2 results, telling investors in a research note that he likes the risk/reward and would add to positions on any FX-related weakness. He thinks eBay will report in-line GMV and revenue growth excluding FX in Q2, and sees 2018 guidance slightly down from the $2.30 high end on FX changes and the Giosis acquisition.

  • 18

    Jul

EBAY eBay
$37.55

0.57 (1.54%)

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
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.
07/11/18
DADA
07/11/18
NO CHANGE
Target $55
DADA
Buy
eBay can sustain double-digit revenue growth, says DA Davidson
DA Davidson analyst Tom Forte kept his Buy rating and $55 price target on eBay, saying the company "has multiple levers" that it can pull to generate "sustainable double-digit revenue growth". Forte believes that this can attract growth investors, resulting in multiple expansion for the shares, adding that expectations are low going into next week's Q2 earnings after a "rare sales miss" in Q1 and the subsequent 10% pullback in the stock price. The analyst states that investors should buy eBay shares at current levels.

TODAY'S FREE FLY STORIES

DISCB

Discovery Inc.

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Grana y Montero

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WGO

Winnebago

$36.50

4.72 (14.85%)

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    Oct

TLRY

Tilray

$148.37

-9.77 (-6.18%)

09:58
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CNTTF

CannTrust Holdings

$0.00

(0.00%)

, TLRY

Tilray

$148.37

-9.77 (-6.18%)

09:58
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10/17
09:58
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Periodicals
Congressman issues 'Blueprint to Legalize Marijuana' in 2019, Forbes reports »

Democratic congressman…

CNTTF

CannTrust Holdings

$0.00

(0.00%)

TLRY

Tilray

$148.37

-9.77 (-6.18%)

CRON

Cronos Group

$10.27

-1.23 (-10.70%)

CANN

General Cannabis

$0.00

(0.00%)

ACBFF

Aurora Cannabis

$0.00

(0.00%)

IGC

India Globalization Capital

$4.12

-0.38 (-8.44%)

CGC

Canopy Growth

$49.33

-3.63 (-6.85%)

CVSI

CV Sciences

$0.00

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    Nov

TLRY

Tilray

$146.52

-11.62 (-7.35%)

09:56
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10/17
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09:56
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Tilray CEO says cannabis could disrupt $150B-$200B from other markets »

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DISCB

Discovery Inc.

$34.00

(0.00%)

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SHOP

Shopify

$138.20

-7.75 (-5.31%)

09:55
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10/17
09:55
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09:55
Options
Shopify put volume heavy and directionally bearish »

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  • 25

    Oct

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    Nov

NFLX

Netflix

$366.40

20 (5.77%)

, UAL

United Continental

$87.23

3.72 (4.45%)

09:55
10/17/18
10/17
09:55
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09:55
Options
Early notable gainers among liquid option names on October 17th »

Notable gainers among…

NFLX

Netflix

$366.40

20 (5.77%)

UAL

United Continental

$87.23

3.72 (4.45%)

LRCX

Lam Research

$149.48

4.15 (2.86%)

GE

General Electric

$12.42

0.325 (2.69%)

AAL

American Airlines

$34.52

1.22 (3.66%)

03/08/13
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  • 17

    Oct

  • 25

    Oct

  • 13

    Nov

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General news
FOMC minutes preview: there should be no surprises »

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Conference/Events
The Brookings Institution to hold a discussion »

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FMS

Fresenius Medical

$40.90

-8.96 (-17.97%)

09:53
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MRCY

Mercury Systems

$49.91

-1.57 (-3.05%)

, SMCI

Super Micro Computer

$0.00

(0.00%)

09:51
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Spruce Point links Mercury Systems to Super Micro, sees 50%-60% downside »

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MRCY

Mercury Systems

$49.91

-1.57 (-3.05%)

SMCI

Super Micro Computer

$0.00

(0.00%)

03/08/13
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  • 30

    Oct

  • 29

    Nov

09:49
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Breaking Hot Stocks news story  »

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PVTL

Pivotal Software

$17.82

-2.12 (-10.63%)

09:47
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FMS

Fresenius Medical

$41.00

-8.86 (-17.77%)

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CVIA

Covia

$6.78

-0.8 (-10.55%)

09:47
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GRAM

Grana y Montero

$2.95

(0.00%)

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KDMN

Kadmon

$3.21

0.325 (11.27%)

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WGO

Winnebago

$36.28

4.5 (14.16%)

09:47
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  • 17

    Oct

GE

General Electric

$12.30

0.205 (1.69%)

09:46
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JNJ

Johnson & Johnson

$137.38

0.81 (0.59%)

, BSX

Boston Scientific

$37.61

-0.49 (-1.29%)

09:46
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Periodicals
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JNJ

Johnson & Johnson

$137.38

0.81 (0.59%)

BSX

Boston Scientific

$37.61

-0.49 (-1.29%)

EW

Edwards Lifesciences

$145.99

-1.01 (-0.69%)

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  • 17

    Oct

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WMT

Walmart

$95.30

-0.53 (-0.55%)

09:45
10/17/18
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09:45
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Walmart analyst commentary  »

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  • 28

    Oct

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AXSM

Axsome Therapeutics

$3.45

(0.00%)

09:42
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09:42
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  • 17

    Oct

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