Breaking News Instant updates and real-time market news.

AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

, TM

Toyota

$131.87

0.11 (0.08%)

12:51
07/21/18
07/21
12:51
07/21/18
12:51

Amazon, others working to counter Trump's tariff plans, Reuters says

Big companies in the U.S., including Amazon (AMZN), Toyota Motor (TM) and Alcoa Corp (AA), are working to counter the effect of the Trump administration's trade policies and to head off new tariffs, according to Reuters. Companies are attempting to avoid any confrontation with U.S. President but want to exert as much influence as they can to dissuade him from tearing up trade agreements or introducing tariffs on a wide swath of imports, the report added. Reference Link

AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

TM

Toyota

$131.87

0.11 (0.08%)

AA

Alcoa

$40.32

-1.36 (-3.26%)

  • 26

    Jul

  • 16

    Aug

AMZN Amazon.com
$1,813.84

0.99 (0.05%)

07/20/18
DBAB
07/20/18
NO CHANGE
Target $2200
DBAB
Buy
Amazon price target raised to $2,200 from $1,800 at Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley raised his price target for Amazon.com to $2,200 ahead of the company's Q2 results. Amazon remains the analyst's top pick in large cap Internet. Concerns over the potential for higher near-term investment, regulatory actions and the likelihood of the U.S. Postal Service raising rates are "far outweighed" by the Amazon's "large and expanding" total addressable market, "modest" e-commerce penetration, Prime momentum and accelerating Advertising growth, Walmsley tells investors in a pre-earnings research note. He maintains a Buy rating on Amazon shares.
07/19/18
07/19/18
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. NEEDHAM CUTS TESLA TO UNDERPERFORM: Needham analyst Rajvindra Gill downgraded Tesla (TSLA) to Underperform from Hold, stating the stock remains overvalued in spite of its 16% decline from the the June 2017 peak. The analyst cited expectations of slower Model S/X sales amid increased competition and possible cannibalization from the Model 3, the expiration of credits, slower gross margins improvement with "persistently high" production costs, lower energy segment revenue after recent restructuring, and Tesla's "unsustainable capital structure." Tesla is down 1.9% in midday trading. CREDIT SUISSE UPGRADES SQUARE: Credit Suisse analyst Paul Condra upgraded Square (SQ) to Outperform from Neutral, saying he believes its growing product eco-system is increasing its ability to penetrate larger merchants. He also said positive data points on Cash-App adoption validate Square's two-sided platform strategy to grow both merchant and consumer use-cases. The analyst also raised his price target on the shares to $81 from $44. MORGAN STANLEY UPS SQUARE TARGET: Morgan Stanley analyst James Faucette sees good potential for upward estimate revisions for Square in the near-term and raised his price target on the stock to $75 from $43. However, Faucette kept an Equal Weight rating on Square, calling its valuation "demanding" and citing his continued view that new services are misvalued. Square is higher by 3.5% at midday. MORGAN STANLEY DOWNGRADES LENDINGCLUB, ON DECK: Morgan Stanley's Faucette downgraded LendingClub (LC) to Equal Weight from Overweight as he thinks the previously disclosed FTC investigation into the company's lending practices will be a drag on new investor interest and involvement in the stock until it is resolved. Faucette lowered his price target on LendingClub shares to $5 from $6. Faucette downgraded On Deck Capital (ONDK) to Underweight from Equal Weight, stating that he sees the company needing a long time to meaningfully scale the "OnDeck-as-a-Service," which he believes will limit the stock's potential for valuation expansion above small-to-mid cap banks. Also, Faucette sees limited upside potential to origination growth estimates given the company's preference for delivering profitability versus growth, he tells investors. PIPER POSITIVE ON CISCO AND ARISTA, CALLS AMAZON FEARS OVERBLOWN: Amazon (AMZN) is not entering the network switching market as speculated on July 13, Piper Jaffray analyst James Fish told investors in a research note. The confirmation by Amazon removes the potential shadow of Amazon on the space. The analyst continued to recommend Cisco (CSCO) and Arista (ANET) as his top networking picks.
07/19/18
PIPR
07/19/18
NO CHANGE
PIPR
Amazon switching fears 'overblown as suspected,' says Piper Jaffray
After yesterday's market close, it was reported and confirmed by Amazon (AMZN) and Cisco Systems (CSCO) that Amazon is not entering the network switching market as speculated on July 13, Piper Jaffray analyst James Fish tells investors in a research note titled "Fake News! Amazon Switching Fears Were Overblown As Suspected." The confirmation by Amazon removes the potential shadow of Amazon on the space, making Q3 earnings more about the fundamentals than "competitive hype," Fish writes. He notes that shares of Cisco, Arista Networks (ANET) and Juniper Networks (JNPR) are higher following the news. The analyst continues to recommend Cisco and Arista as his top networking picks.
07/20/18
MKMP
07/20/18
NO CHANGE
Target $1840
MKMP
Buy
Amazon's AWS to remain a bright spot in Q2, says MKM Partners
MKM Partners analyst Rob Sanderson is keeping his Buy rating and $1,840 price target on Amazon.com ahead of its Q2 results next week, saying revenues will likely come in near the top-end of expectations while the Prime Day can boost the company's Q3 growth outlook by about 2%. Despite the limited 2018 second half investment plans view, the analyst believes there are more margin drivers than drags for the balance of the year, adding that the AWS business is still in a " margin and growth upcycle" that will serve as a bright spot again in Q2.
TM Toyota
$131.87

0.11 (0.08%)

06/01/18
DAIW
06/01/18
UPGRADE
DAIW
Buy
Toyota upgraded to Outperform from Neutral at Daiwa
06/01/18
06/01/18
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. American Airlines (AAL) upgraded to Outperform from In-Line at Imperial Capital with analyst Michael Derchin saying American is likely to reduce capacity starting in the post-labor day period, which should be well received by investors. 2. T2 Biosystems (TTOO) upgraded to Outperform from Market Perform at Leerink with analyst Puneet Souda saying this week's T2bacteria FDA clearance expands the company's market opportunity "dramatically" from $1.4B to over $3B. 3. Highwoods Properties (HIW) upgraded to Buy from Hold at Stifel with analyst John Guinee saying he believes the macro environment is changing to the positive for REITs. 4. Toyota (TM) upgraded to Outperform from Neutral at Daiwa. 5. RLJ Lodging Trust (RLJ) upgraded to Overweight from Equal Weight at Barclays with analyst Felicia Hendrix saying she views the current valuation as attractive and sees a strong RevPAR outlook for 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/02/18
GSCO
06/02/18
UPGRADE
GSCO
Buy
Toyota upgraded to Buy from Neutral at Goldman Sach
Goldman Sachs analyst Kota Yuzawa upgraded Toyota Motor (TM) to Buy with an increased price target of 8,500 yen. The carmaker's U.S. shares closed yesterday up $3.36 to $131.31. While sales growth is unlikely amid increasing competition in the U.S. market, management has made it clear they will be focusing strongly on lowering costs, Yuzawa tells investors in a research note. As such, the analyst expects Toyota to establish a "leaner earnings structure" over the next few years and improve its operating structure. Yuzawa this morning also downgraded Honda Motor (HMC) to Neutral from Buy.
06/06/18
MSCO
06/06/18
NO CHANGE
MSCO
Morgan Stanley says Softbank stake in Cruise significant 'far beyond' just GM
Morgan Stanley analyst Adam Jonas said Softbank's (SFTBF) recently announced investment in GM Cruise "carries significance far beyond" General Motors (GM), arguing that the increasingly conspicuous involvement of "outside validators" such as large-cap tech firms and prominent investors can accelerate perception change in the capital markets about "Auto 2.0." He envisions the possible formation of two different companies currently held under one automaker's roof, which he dubs an Auto 2.0 "Yieldco" and an Auto 2.0 "Growthco." Converting car owners into monthly subscribers could open up significant revenue, profit, and value opportunities for traditional automakers, argues Jonas in a note to investors. Other automaking "OEMs" include Ford (F), Daimler (DDAIF), Toyota (TM), Honda (HMC), Fiat Chrysler (FCAU) and BMW Group (BAMXY).
AA Alcoa
$40.32

-1.36 (-3.26%)

07/19/18
BMOC
07/19/18
NO CHANGE
Target $75
BMOC
Outperform
Alcoa price target lowered to $75 from $80 at BMO Capital
BMO Capital analyst David Gagliano lowered his price target on Alcoa to $75 after its Q2 results, saying its adjusted EBITDA missed expectations in Q2 and the company also reduced the FY18 EBITDA guidance to reflect higher input costs. The analyst also kept his Outperform rating, noting that despite the lowered outlook, shares still trade at "only" 3.6-times his expected FY19 EBITDA on alumina/aluminum prices that are near global marginal cost. Gagliano adds that global deficit conditions in aluminum are still likely.
07/19/18
JPMS
07/19/18
NO CHANGE
Target $80
JPMS
Overweight
Alcoa shares reflect too step a drop in aluminum prices, says JPMorgan
JPMorgan analyst Michael Gambardella lowered his estimates for Alcoa to reflect the company's guidance around the impacts from operational headwinds, tariffs and energy costs. Even with these revisions following last night's Q2 results, the analyst still expects Aloca to post "solid" EBITDA levels this year. Further, the stock price is discounting too steep of a drop in alumina and aluminum prices, Gambardella tells investors in a research note. He lowered his price target for the shares to $80 from $86 and keeps an Overweight rating on Alcoa.
06/21/18
06/21/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alcoa (AA) initiated with a Neutral at B. Riley FBR while Century Aluminum (CENX) was initiated with a Buy. 2. Westlake Chemical (WLK) initiated with an Outperform at Bernstein while Westlake Chemical Partners (WLKP) was initiated with a Market Perform. 3. RealPage (RP) initiated with an Overweight at JPMorgan. 4. JBG Smith Properties (JBGS) initiated with a Sell at Stifel. 5. Kimberly-Clark (KMB) initiated with an Underweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/18
JEFF
07/19/18
NO CHANGE
Target $65
JEFF
Buy
Alcoa shares look undervalued despite guidance cut, says Jefferies
Jefferies analyst Christopher LaFemina says Alcoa's guidance cut on lower commodity prices, higher energy costs and U.S. tariffs offset the company's "solid" Q2 results. Alcoa continues to reduce its pension liability and is positioned to return cash to shareholders in the second half of 2018, LaFemina tells investors in a research note. He recommends buying the stock on the post-earnings weakness and keeps a Buy rating on Alcoa with a $65 price target. The analyst thinks the shares look undervalued at current levels.

TODAY'S FREE FLY STORIES

ADI

Analog Devices

$89.12

3.57 (4.17%)

04:55
11/21/18
11/21
04:55
11/21/18
04:55
Recommendations
Analog Devices analyst commentary  »

Analog Devices price…

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

    Nov

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Jobless Claims to be reported at 08:30 »

Week of 11/17 Jobless…

ELEZY

Endesa

$0.00

(0.00%)

04:55
11/21/18
11/21
04:55
11/21/18
04:55
Conference/Events
Endesa to hold a webcast »

Strategic plan update…

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

  • 21

    Nov

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Leading Indicators to be reported at 10:00 »

October Leading…

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Breaking General news story  »

Week of 11/16 MBA…

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Consumer Sentiment Index to be reported at 10:00 »

Consumer Sentiment Index…

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Breaking General news story  »

Week of 11/16 EIA…

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Breaking General news story  »

Week of 11/16 EIA Natural…

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Durable Goods Orders Ex-transportation to be reported at 08:30 »

October Durable Goods…

04:55
11/21/18
11/21
04:55
11/21/18
04:55
Conference/Events
JPMorgan to hold a conference »

Best of British…

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Breaking General news story  »

Week of 11/21…

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Breaking General news story  »

3-Month Bill Announcement…

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Breaking General news story  »

6-Month Bill Announcement…

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Durable Goods Orders to be reported at 08:30 »

October Durable Goods…

BBU

Brookfield Business Partners

$34.63

-1.71 (-4.71%)

04:55
11/21/18
11/21
04:55
11/21/18
04:55
Conference/Events
Brookfield Business Partners management to meet with RBC Capital »

Meeting to be held in…

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

  • 21

    Nov

04:55
11/21/18
11/21
04:55
11/21/18
04:55
General news
Existing Home Sales to be reported at 10:00 »

October Existing Home…

GLW

Corning

$30.84

-0.31 (-1.00%)

, T

AT&T

$29.41

-0.93 (-3.07%)

04:55
11/21/18
11/21
04:55
11/21/18
04:55
Conference/Events
UBS optical/networking equip analyst to hold analyst/industry conference call »

Optical & Networking…

GLW

Corning

$30.84

-0.31 (-1.00%)

T

AT&T

$29.41

-0.93 (-3.07%)

VZ

Verizon

$59.46

-1.17 (-1.93%)

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

  • 21

    Nov

  • 26

    Nov

  • 03

    Dec

03:00
11/21/18
11/21
03:00
11/21/18
03:00
General news
FX Action: USD-CAD has steadied »

FX Action: USD-CAD has…

02:35
11/21/18
11/21
02:35
11/21/18
02:35
General news
FX Update: The Dollar majors have traded mixed »

FX Update: The Dollar…

02:00
11/21/18
11/21
02:00
11/21/18
02:00
General news
FX Action: USD-JPY has traded moderately firmer »

FX Action: USD-JPY has…

01:45
11/21/18
11/21
01:45
11/21/18
01:45
General news
Asian Market Wrap: »

Asian Market Wrap:…

MDT

Medtronic

$92.31

1.91 (2.11%)

20:48
11/20/18
11/20
20:48
11/20/18
20:48
Recommendations
Medtronic analyst commentary at Piper Jaffray »

Medtronic in the midst of…

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

  • 20

    Nov

  • 03

    Dec

RDY

Dr. Reddy's

$36.48

1.19 (3.37%)

20:44
11/20/18
11/20
20:44
11/20/18
20:44
Hot Stocks
Dr. Reddy's announces favorable outcome in Buprenorphine and Naloxone litigation »

Dr. Reddy's…

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

SCCO

Southern Copper

$35.63

-1.615 (-4.34%)

20:30
11/20/18
11/20
20:30
11/20/18
20:30
Upgrade
Southern Copper rating change at Bradesco »

Southern Copper upgraded…

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

KBH

KB Home

$19.84

0.37 (1.90%)

20:17
11/20/18
11/20
20:17
11/20/18
20:17
Hot Stocks
KB Home expands into Seattle housing market »

KB Home announced its…

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

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.