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SEAS

SeaWorld

$22.46

0.32 (1.45%)

07:55
07/18/18
07/18
07:55
07/18/18
07:55

SeaWorld shorts may be 'chased' by earnings report catalysts, says Stifel

Stifel analyst Steven Wieczynski said he expects SeaWorld's Q2 earnings announcement to include four potential catalysts, which he ranks from most likely to least likely as an EBITDA beat, John Reilly being named permanent CEO, a long-range EBITDA target being established, and refinancing of loans due May 2020 being announced. While seeing all four is "somewhat of a longshot," he has a high degree of confidence in the first three and would expect to see "additional shorts chased from the name" if the catalysts he is calling for are in the report. Wieczynski raised his price target on SeaWorld shares ahead of the report to $27 from $25 and keeps a Buy rating on the name.

SEAS SeaWorld
$22.46

0.32 (1.45%)

07/09/18
WELS
07/09/18
DOWNGRADE
WELS
Market Perform
SeaWorld downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded SeaWorld to Market Perform from Outperform, citing valuation, negative seasonal trading patterns and incremental FX related UK/Brazilian headwinds, despite ongoing favorable consumer fundamentals and the key Q3 just starting.
07/09/18
WELS
07/09/18
DOWNGRADE
WELS
Market Perform
Six Flags downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Six Flags (SIX) to Market Perform from Outperform, citing valuation, negative seasonal trading patterns and incremental FX related UK/Brazilian headwinds, despite ongoing favorable consumer fundamentals and the key Q3 just starting. Wells Fargo also downgraded SeaWorld (SEAS) to Market Perform this morning.
07/09/18
07/09/18
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. Procter & Gamble (PG) downgraded to Hold from Buy at Jefferies with analyst Kevin Grundy saying slowing market growth, volatility in emerging markets, U.S. retail difficulties, the stronger U.S. dollar and "pricing challenges" should drive estimates lower. 2. SeaWorld (SEAS) and Six Flags (SIX) were downgraded to Market Perform from Outperform at Wells Fargo. 3. Walgreens Boots Alliance (WBA) downgraded to Neutral from Buy at Citi with analyst Ralph Giacobbe saying he finds it difficult to argue for "meaningful multiple expansion" given headwinds from industry pressures and a dynamic and changing backdrop. 4. Flowers Foods (FLO) downgraded to Hold from Buy at Vertical Group. 5. Wayfair (W) downgraded to Market Perform from Outperform with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/09/18
07/09/18
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. GAMESTOP STARTED WITH A BUY: Jefferies analyst Stephanie Wissink started GameStop (GME) with a Buy rating and $18 price target. Her contrarian view on the stock is that under potential new leadership with a well defined vision and execution plan, the stock's valuation, which she feels is "overlooked and overly discounted," could improve. GameStop is higher by 2.5% in midday trading. PIPER SEES CISCO LOSING SECURITY SHARE TO PALO ALTO: Piper Jaffray analyst James Fish says his firm's recent channel survey work across networking and security were weaker than he's seen in past calendar quarters for Cisco Systems (CSCO). Cisco's Security survey results were "especially weak," implying Palo Alto Networks (PANW) is taking market share, the analyst said, although the former remains his top networking pick. He kept an Overweight rating on Cisco shares, which were down almost 1% in midday trading. JEFFERIES DOWNGRADES P&G: Jefferies analyst Kevin Grundy downgraded Procter & Gamble (PG) to Hold from Buy and lowered his price target for the shares to $79 from $83. Slowing market growth, volatility in emerging markets, U.S. retail difficulties, the stronger U.S. dollar and "pricing challenges" should drive estimates lower, Grundy told investors in a research note titled "Tide Unlikely to Turn: Downgrade to Hold as Bull Thesis Wanes." Grundy said he preferred shares of Church & Dwight (CHD) and Energizer (ENR) for exposure to the Home and Personal Care space. TRADE DESK STARTED WITH A SELL: Pivotal Research analyst Brian Wieser initiated Trade Desk (TTD) with a Sell rating and $58 price target, stating that he believes the company can grow rapidly this year but should then see its growth decelerate. He believes its growth will plateau at a size smaller than Criteo's (CRTO), on which Wieser also initiated coverage this morning with a Buy rating. WELLS FARGO DOWNGRADES TWO THEME PARKS: Wells Fargo analyst Timothy Conder downgraded both SeaWorld (SEAS) and Six Flags (SIX) to Market Perform from Outperform, citing valuation, negative seasonal trading patterns, and weather impact, despite ongoing favorable consumer fundamentals and the key Q3 just starting. SeaWorld is trading down 1.3%, while Six Flags is down 1.7% at midday.

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GS

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M

Macy's

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FAF

First American

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BAS

Basic Energy

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MRT

MedEquities Realty Trust

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F

Ford

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Ford plans to invest $740M to revamp Detroit station, other sites, Reuters says »

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PETQ

PetIQ

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TEVA

Teva

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CASA

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AAP

Advance Auto Parts

$156.01

11.22 (7.75%)

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Advance Auto Parts rating change at Citi »

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  • 14

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SPHS

Sophiris Bio

$2.74

0.13 (4.98%)

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VZ

Verizon

$52.87

0.65 (1.24%)

, GOOG

Alphabet

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NVDA

Nvidia

$261.47

5.39 (2.10%)

18:27
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  • 16

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ORCL

Oracle

$48.23

0.21 (0.44%)

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NVDA

Nvidia

$261.47

5.39 (2.10%)

18:22
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Nvidia rating change at Wells Fargo »

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  • 16

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CVS

CVS Health

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  • 15

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VRAY

ViewRay

$9.89

-0.01 (-0.10%)

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CRZO

Carrizo Oil & Gas

$24.31

0.62 (2.62%)

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  • 28

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WTW

Weight Watchers

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ERI

Eldorado Resorts

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CE

Celanese

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  • 05

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GDDY

GoDaddy

$75.81

0.52 (0.69%)

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GoDaddy files to sell 10,398,942 shares of Class A common stock »

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MAG

MAG Silver

$8.64

0.07 (0.82%)

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