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FCAU

Fiat Chrysler

$16.39

-2.88 (-14.95%)

, GM

General Motors

$36.61

-2.87 (-7.27%)

12:04
07/25/18
07/25
12:04
07/25/18
12:04

Fly Intel: Wall Street's top stories at midday

Stocks opened mixed, with the Nasdaq higher and the Dow and S&P weighed down by Boeing (BA) shares, which were down roughly 3% at the open. Although Boeing beat analyst's consensus earnings forecast, the stock has been a high-flier over the last year and the bar was high for the outperformance to continue. As Boeing moved off its lows, the Dow improved with it, though the blue chip index is still underperforming the tech-heavy Nasdaq ahead of Facebook's (FB) much-anticipated report later today. ECONOMIC EVENTS: In the U.S., new home sales declined 5.3% to a 631,000 annual rate in June, which was weaker than expected. COMPANY NEWS: Automakers are having a rough morning, as a titan in the industry has passed away and the company he led until recently lowered its outlook, as did its peer. Exor NV, the holding company of Fiat's founding Agnelli family, confirmed this morning that former Fiat Chrysler (FCAU) and Ferrari (RACE) CEO Sergio Marchionne has died. Additionally, along with its Q2 earnings report, Fiat lowered its fiscal year revenue guidance. General Motors (GM), meanwhile, reported better than expected sales and profits for its just-completed quarter, but lowered its adjusted earnings and free cash flow guidance for this year to account for "recent and significant increases in commodity costs" and unfavorable foreign exchange impacts. Near noon, FCA shares have dropped 15%, GM shares have fallen 7% and Ford (F), which reports after the closing bell, is down 4%... Boeing shares have slid 2% despite the company reporting better than expected core earnings and raising its FY18 revenue view. AT&T (T) similarly reported better than expected earnings and raised its profit outlook for this year, but the telecom company's shares are also down almost 5% near midday. Coca-Cola (KO), which reported Q2 unit case volume growth of 2% and backed its FY18 comparable EPS growth guidance, is up 2% after its quarterly report. MAJOR MOVERS: Among the noteworthy gainers was ViewRay (VRAY), which surged 31% after it announced the appointment of Scot Drake as CEO and Shar Matin as COO, reported better than expected preliminary revenue for Q2, and reaffirmed its revenue guidance for fiscal 2018. Also higher were Vicor Corporation (VICR) and iRobot (IRBT), which gained a respective 22% and 24% after reporting quarterly results. Among the notable losers was Northrop Grumman (NOC), which slipped 6% after it reporting quarterly earnings and provided a lower than expected fiscal 2018 revenue guidance. Also lower after reporting quarterly results were Tupperware (TUP) and Polaris (PII), which fell 15% and 13%, respectively. INDEXES: Near midday, the Dow was down 46.92, or 0.19%, to 25,195.02, the Nasdaq was up 34.43, or 0.44%, to 7,875.19, and the S&P 500 was up 5.36, or 0.19%, to 2,825.76.

FCAU

Fiat Chrysler

$16.39

-2.88 (-14.95%)

GM

General Motors

$36.61

-2.87 (-7.27%)

F

Ford

$10.17

-0.4 (-3.79%)

BA

Boeing

$351.70

-6.45 (-1.80%)

T

AT&T

$30.31

-1.35 (-4.26%)

KO

Coca-Cola

$46.20

0.955 (2.11%)

VRAY

ViewRay

$12.59

3.04 (31.83%)

VICR

Vicor Corporation

$60.95

10.9 (21.78%)

IRBT

iRobot

$88.80

17.57 (24.67%)

NOC

Northrop Grumman

$297.59

-18.69 (-5.91%)

TUP

Tupperware Brands

$34.29

-6.48 (-15.89%)

PII

Polaris Industries

$103.56

-16.275 (-13.58%)

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FCAU Fiat Chrysler
$16.39

-2.88 (-14.95%)

07/05/18
07/05/18
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. Fiat Chrysler (FCAU) upgraded to Buy from Hold and Daimler AG (DDAIF) upgraded to Hold from Underperform at Jefferies with analyst Philippe Houchois citing valuation. 2. Danone (DANOY) upgraded to Outperform from Sector Perform at RBC Capital with analyst James Jones saying he now has less "punitive" assumptions about the company's sales growth and capital expenditures as its profits have become less reliant on dairy. 3. Hexcel (HXL) upgraded to Buy from Hold at Canaccord with analyst Ken Herbert stating he believes the acceleration in growth expected in 2018 will continue into 2019. 4. Qorvo (QRVO) upgraded to Overweight from Sector Weight at KeyBanc with analyst Michael McConnell citing healthy China smartphone trends, stabilizing Apple (AAPL) iPhone demand, and greater than expected market share gains in China smartphones. 5. Advanced Energy (AEIS) upgraded to Outperform from Market Perform at Raymond James with analyst Pavel Molchanov saying the company's 9% free cash flow yield has turned the shares into an appealing deep value story, despite slowing organic growth. 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
UBSW
07/10/18
UPGRADE
UBSW
Buy
Fiat Chrysler upgraded to Buy from Neutral at UBS
UBS analyst Patrick Hummel upgraded Fiat Chrysler to Buy.
07/10/18
UBSW
07/10/18
UPGRADE
UBSW
Buy
UBS upgrades Fiat Chrysler to Buy ahead of Q2 results
UBS analyst Patrick Hummel upgraded Fiat Chrysler (FCAU) to Buy from Neutral with a price target of EUR 23. The analyst expects the company's "positive volume/mix impact story" to continue in Q2 even with the ramp of the new RAM 1500 truck unlikely to be completed until Q3. Fiat shares should deliver the best earnings momentum among the European car manufacturers in the coming quarters, Hummel tells investors in a research note.
07/17/18
JEFF
07/17/18
NO CHANGE
Target $25
JEFF
Buy
Santander Consumer, Fiat Chrysler tolling agreement doesn't change much, says Jefferies
Jefferies analyst John Hecht notes that Santander Consumer (SC) and Fiat Chrysler (FCAU) entered a tolling agreement that allows both parties additional time to assess their rights, obligations, claims, etc. while not having to worry about the statute of limitations. The analyst believes the tolling agreement does not change much of what is going on. Nonetheless, Hecht notes that the companies also acknowledged they are working to resolve the matter tied to the captive finance, with the agreement indicating that a resolution on this matter may come in months rather than quarters. He reiterates a Buy rating and $25 price target on Santander Consumer shares.
GM General Motors
$36.61

-2.87 (-7.27%)

07/24/18
PIPR
07/24/18
NO CHANGE
Target $57
PIPR
Overweight
General Motors outperforming Ford in China, says Piper Jaffray
While both would suffer in a trade war, it is clear that General Motors (GM) is outperforming Ford (F) in China, Piper Jaffray analyst Alexander Potter tells investors in a research note. The analyst views GM's China business as stable, with a growing presence in luxury. He thinks Cadillac represented 16.7% of GM's Q2 revenue in China, versus 13.6% in 2017, which should boost margins. Until its "new product blitz gains momentum, Ford's China business will likely continue bleeding," Potter contends. He notes the company's Ford's retail sales in China declined by 38% year-over-year in June. The analyst keeps an Overweight rating on GM and a Neutral rating on Ford.
07/20/18
07/20/18
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. BOFA CUTS YUM CHINA TO UNDERPERFORM: BofA Merrill Lynch analyst Chen Luo downgraded Yum China (YUMC) to Underperform from Neutral and cut its price target to $34 from $44.30. Luo said he expects Yum China to continue to underperform given a likely peak in KFC trends amid China's weakening macro environment, a likely prolonged turnaround at Pizza Hut combined with heavy costs, a slowdown in Chinese consumer consumption, and RMB depreciation. Yum China is down 4.8% in late morning trading. CREDIT SUISSE CUTS FIVE BELOW TO NEUTRAL: Credit Suisse analyst Judah Frommer downgraded Five Below (FIVE) to Neutral from Outperform, telling investors that he is moving to the sidelines as he sees risk/reward balanced at current levels given the stock's material outperformance and back-half comp acceleration that he believes is priced into shares. Frommer keeps his $110 price target and says Five Below remains one of the most differentiated concepts in retail. Five Below is down 4.4% in late morning trading. BAIRD MORE CAUTIOUS ON DRUG SUPPLY CHAIN: Baird analyst Eric Coldwell downgraded Express Scripts (ESRX), AmerisourceBergen (ABC), and McKesson (MCK), all to Neutral from Outperform, citing the heavy political attack in recent weeks against pharmacy benefit managers and members of the drug supply chain. Among them, he said AmerisourceBergen remains his preferred name, but he cannot justify putting new money to work in these names in the current environment. SUNTRUST STARTS VIKING WITH A BUY: SunTrust analyst Edward Nash initiated Viking Therapeutics (VKTX) with a Buy rating and a price target of $14, saying its VK2809 drug for lipid disorders "has the potential to become a promising treatment by addressing multiple metabolic issues" associated with the non-alcoholic steatohepatitis disease, or NASH. Viking is up 8.3% in late morning trading. JPMORGAN SAYS BUY GM, SELL TESLA INTO EARNINGS: JPMorgan analyst Ryan Brinkman forecast lower than consensus Q2 earnings for Ford (F) and higher than consensus earnings for General Motors (GM). The analyst is also concerned about the potential for a "large loss and accompanying large cash outflow" at Tesla (TSLA) in Q2 to "make the bridge" to GAAP profitability and positive cash generation in the second half of the year. Brinkman maintained Overweight ratings on GM and Ford, with a preference for GM shares. He also kept his cautious Underweight rating on Tesla shares, seeing 44% downside to his $180 December 2018 price target.
07/10/18
RBCM
07/10/18
NO CHANGE
Target $53
RBCM
Outperform
General Motors price target raised to $53 at RBC Capital
RBC Capital analyst Joseph Spak kept his Outperform rating on General Motors (GM) and nudged his price target to $53 from $52, saying the recent $2.25B investment by Softbank (SFTBF) adds validation to the company's GM Cruise robo-taxi offering plans. Aside from the validation, Spak notes that the investment "provides capital to reach scale commercialization, affords GM capital allocation flexibility, and unlocks GM share price value as Cruise around $7 per share."
07/20/18
JPMS
07/20/18
NO CHANGE
JPMS
Overweight
JPMorgan says buy GM, sell Tesla into Q2 earnings reports
JPMorgan analyst Ryan Brinkman forecasts lower than consensus Q2 earnings for Ford (F) and higher than Street earnings for General Motors (GM). Both companies are likely to be impacted by higher commodity costs during the quarter, although the decline in spot prices subsequent to the quarter should limit impact to the full year, Brinkman tells investors in a research note previewing the Q2 earnings for the automakers. The analyst is also concerned about the potential for a "large loss and accompanying large cash outflow" at Tesla in Q2 to "make the bridge" to GAAP profitability and positive cash generation in the second half of the year. Brinkman maintains Overweight ratings on GM and Ford, with a preference for GM shares. He also keeps his cautious Underweight rating on Tesla shares, seeing 44% downside to his $180 December 2018 price target.
F Ford
$10.17

-0.4 (-3.79%)

07/13/18
GSCO
07/13/18
DOWNGRADE
Target $142
GSCO
Neutral
Visteon downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst David Tamberrino downgraded Visteon (VC) to Neutral from Buy, citing potential near-term risks given its high exposure to Ford (F), high 2019 consensus revenue growth expectations, and risk for its DriveCore AV/ADAS platform. Tamberrino, who thinks 2019 may be a "gap year" for revenue growth, cut his price target on Visteon shares to $142 from $150.
BA Boeing
$351.70

-6.45 (-1.80%)

07/23/18
ARGS
07/23/18
DOWNGRADE
ARGS
Hold
General Electric downgraded to Hold at Argus on disappointing Q2
As reported earlier, Argus analyst John Eade downgraded General Electric to Hold from Buy, saying that despite his expectations of a turnaround, Q2 results were a "step in the opposite direction" suggesting the company will struggle to meet its FY18 guidance. Eade also lowers his FY18 EPS forecast to 97c from $1.03, adding that GE will need to show at least two quarter of progress before he would reconsider his rating. The analyst further states that while he expects the company to look different in 2-4 years, the outlook for its its core business segments - Power and Renewable Energy - is bleak, saying he prefers other large industrials Such as Illinois Tool Works (ITW), United Technologies (UTX) and Boeing (BA) over General Electric.
07/11/18
07/11/18
UPGRADE
Target $408

Outperform
TransDigm upgraded to Outperform on reduced risks at Cowen
As previously reported, Cowen upgraded TransDigm (TDG) to Outperform from Market Perform with a $408 price target telling investors fundamental threats to TransDigm's aftermarket/M&A playbook are abating. Analyst Gautam Khanna said contract talks between TransDigm and Boeing (BA) are close to being agreed upon with no major threats to TransDigm, and concerns regarding deal economics appear to be misplaced. Further, the Department of Defense procurement rule as of July 1 may actually provide TransDigm with more pricing power versus the old policy, Khanna wrote in a note to investors. The analyst adds, the Department of Defense inquiry is also nearing completion with any fines likely to be minimal, end markets are improving, and the company has $2.3B available for M&A or dividends.
07/11/18
BARD
07/11/18
NO CHANGE
Target $450
BARD
Outperform
Boeing on path to over $400, reflecting 'robust' FCF generation, says Baird
Baird analyst Peter Arment said he expects Boeing to report a "solid" second quarter on July 25, reflecting "favorable" aircraft deliveries. In a research note to investors, Arment says he is "comfortable" with both short- and long-term investors being long into the print and continues to see the stock on a path to over $400, reflecting strong free cash flow generation. He expects management will reiterate its delivery outlook for 2018 and back its 737-MAX delivery target despite recent headlines on suply chain pressures. Arment has an Outperform rating and $450 price target on Boeing shares.
07/23/18
07/23/18
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 SAYS SELL PAPA JOHN'S: Stifel analyst Chris O'Cull downgraded Papa John's (PZZA) to Sell from Hold and cut his price target for the shares to $38 from $50. The outlook for Papa John's is "growing dimmer" after recent media reports indicated a "fraternal corporate culture," O'Cull told investors. The reports reinforce the consumer perception that Papa John's is not a trusted brand, the analyst added. His recent channel checks indicate the company's domestic same-restaurant-sales are running down in the mid-teens since last week's media report about the company's founder using a racial slur. Papa John's is in a "precarious position," as it needs a "strategic savior" but is struggling to find one "willing to underwrite a transaction given the brand damage," O'Cull contended. Papa John's shares are down 7% in midday trading BTIG SAYS BUY SPOTIFY: BTIG analyst Rich Greenfield initiated Spotify (SPOT) with a Buy rating and a price target of $230, saying that awaiting a better entry on the stock price "has not worked." The analyst contended that the company will be a "long-term winner" in the subscription music category that remains in its infancy and will "grow significantly for years to come." DEUTSCHE RAISES QUALCOMM TARGET TO $60: Deutsche Bank analyst Ross Seymore raised his price target for Qualcomm (QCOM) shares to $60 from $55 after concluding that removal of the uncertainty from the NXP Semiconductors (NXPI) deal likely leads to incremental upside in either scenario. The analyst said he has no way of assigning probabilities of deal approval given the politically charged nature of the pending regulatory ruling from China's State Administration for Market Regulation. Seymore kept Hold ratings on both Qualcomm and NXP. ARGUS CUTS GE TO HOLD: Argus analyst John Eade downgraded General Electric (GE) to Hold from Buy, saying that despite his expectations of a turnaround, Q2 results were a "step in the opposite direction" suggesting the company will struggle to meet its FY18 guidance. Eade lowered his FY18 EPS forecast to 97c from $1.03, adding that GE will need to show at least two quarter of progress before he would reconsider his rating. The analyst prefers other large industrials such as Illinois Tool Works (ITW), United Technologies (UTX) and Boeing (BA) over General Electric, he added.
T AT&T
$30.31

-1.35 (-4.26%)

07/17/18
RHCO
07/17/18
NO CHANGE
Target $415
RHCO
Hold
Netflix facing risks of increasing competition, says SunTrust
SunTrust analyst Matthew Thornton keeps his Hold rating and $415 price target on Netflix (NFLX) after its Q2 subscriber growth miss while discussing some of the key risks faced by the company. The analyst notes that Netflix could struggle with raising its monthly rates in the environment increasing competition, as Disney (DIS) prepares to launch its own subscription video on demand, SVOD, service in 2019 amid the proliferation of bundles that also include high-demand live sports. Thornton further notes that given a bigger HBO budget under AT&T (T) and the launch/bundling of more video content at Apple (AAPL), the ability of Netflix to raise rates may be more challenging than in recent years.
07/13/18
07/13/18
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. VF CORP DOUBLE UPGRADE: BofA Merrill Lynch analyst Robert Ohmes upgraded VF Corp (VFC) to Buy from Underperform and raised his price objective to $96 from $65 ahead of the company's earnings report on July 20, telling investors in a research note that he believes Vans will be a "go-to-brand" for the back-to-school selling season. He said his channel checks indicate accelerating momentum in Vans, especially classic styles, and that the $50-$60 price point is attractive given consumers' shift to value. RAYMOND JAMES DOWNGRADES AT&T: Raymond James downgraded AT&T (T) to Market Perform from Outperform. Analyst Frank Louthan said he views the Department of Justice appeal of the Time Warner case as a negative and said it is a "frustrating delay." Louthan expects the suit to be a "significant overhang" for an extended period of time, which will limit share appreciation, but remains confident AT&T will prevail. AT&T is lower by 2% in late morning trading. STIFEL STARTS GALMED WITH A BUY: Stifel analyst Adam Walsh initiated Galmed (GLMD) with a Buy rating and $35 price target, calling it a "legitimate late-stage NASH play" after Aramchol recently proved itself in a Phase 2 trial as a clearly active and "very safe" compound for treating NASH. Galmed is trading higher by over 17% in late morning trading. MORGAN STANLEY HIKES WWE TARGET TO $100: Morgan Stanley analyst Benjamin Swinburne said that WWE (WWE), by securing rights fees in its new five-year agreements with NBC (CMCSA, CMCSK) and Fox (FOX, FOXA) that are 3.6 times higher than its prior five-year broadcast agreement with NBC, has gained a "massive increase" in earnings power and "extremely high" visibility into the associated revenue. Given the recently announced deals, he raised his price target on WWE shares to $100 from $58 and kept an Overweight rating on the stock. WILLIAM BLAIR CALLS KEMPER PULLBACK 'BUYING OPPORTUNITY': William Blair analyst Adam Klauber said he views shares of Kemper (KMPR) as "even more attractive" after the recent pullback, which he attributes to selling pressures from Infinity Property shareholders receiving Kemper stock. Klauber said Kemper "continues to be our top conviction idea," and kept an Outpeform rating on the name. Kemper is higher by 4.8% in late morning trading.
07/13/18
07/13/18
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. AT&T (T) downgraded to Market Perform from Outperform at Raymond James with analyst Frank Louthan saying he views the Department of Justice appeal of the Time Warner case as a negative and said it is a "frustrating delay." Louthan expects the suit to be a "significant overhang" for an extended period of time, which will limit share appreciation, but remains confident AT&T will prevail. 2. Incyte (INCY) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Matthew Harrison saying he believes key catalysts are unlikely until 2019 and he expects the stock to trade with the market in the meantime. 3. WisdomTree (WETF) was downgraded to Market Perform from Outperform at Keefe Bruyette and to Neutral from Buy at Citi. 4. Cedar Fair (FUN) downgraded to Neutral from Outperform at Macquarie. 5. Ingredion (INGR) downgraded to Sell from Neutral at Citi with analyst David Driscoll saying he expects the stock's valuation multiples to compress as investors sort through the number of issues that have come to light. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/13/18
MSCO
07/13/18
NO CHANGE
Target $37
MSCO
Overweight
Market likely to place low odds on AT&T deal reversal, says Morgan Stanley
After the DOJ decided to appeal District Court Judge Leon's order approving AT&T's merger with Time Warner, Morgan Stanley analyst Simon Flannery said he believes the market is likely to heavily rely on Judge Leon's "strongly worded decision" and assign a fairly low probability on a possible reversal of the deal. Even if AT&T were forced to divest assets, it would be into a fairly healthy market, added Flannery, who keeps an Overweight rating and $37 price target on the stock.
KO Coca-Cola
$46.20

0.955 (2.11%)

05/17/18
LEHM
05/17/18
UPGRADE
Target $48
LEHM
Overweight
Coca-Cola upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Lauren Lieberman upgraded Coca-Cola to Overweight and raised her price target for the shares to $48 from $45. The company's transformation should drive "sustainably better growth," which should yield a higher valuation premium, Lieberman tells investors in a research note. The analyst believes Coca-Cola's "wide-ranging changes" will bring benefits to fundamentals.
05/17/18
SBSH
05/17/18
NO CHANGE
SBSH
Buy
Coca-Cola pullback brings 'compelling' valuation, says Citi
The 9% year-to-date decline in shares of Coca-Cola creates a "compelling" valuation, Citi analyst Wendy Nicholson tells investors in a research note after traveling with the company's investor relations team. The analyst attributes the weakness partly to the overall selloff of consumer staples stocks, but also partly to investor concerns about a handful of factor, including Coca-Cola's ability to achieve its financial targets both in 2018 and over the longer-term. Nicholson says her confidence in the company is up and that the share slump is not justified. She reiterates a Buy rating on Coca-Cola.
05/17/18
05/17/18
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. Coca-Cola (KO) upgraded to Overweight from Equal Weight at Barclays with analyst Lauren Lieberman saying the company's transformation should drive "sustainably better growth," which should yield a higher valuation premium. 2. Valero (VLO) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Benny Wong saying recent underinvestment in refining, slippages in capacity additions and overdone concerns on long-term demand have set the stage for refining to enter a "golden age" through 2020. 3. ManTech (MANT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Edward Caso citing valuation. 4. Celanese (CE) upgraded to Buy from Neutral at UBS with analyst John Roberts saying he believes the shares are undervalued and investors do not appreciate the stability and growth in the acetyls chain and the long-term potential in Engineered Materials. 5. Canadian National (CNI) upgraded to Buy from Underperform at BofA/Merrill with analyst Ken Hoexter saying service and volume growth rebounded faster than expected and will only be aided by an improving economy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/18
RBCM
07/16/18
NO CHANGE
Target $75
RBCM
Outperform
Monster Beverage price hike to come November 1st, says RBC Capital
RBC Capital analyst Nik Modi says his industry sources have confirmed that Monster Beverage (MNST) intends to raise its prices by 4.0-5.5% on November 1st depending on the pack size, which would be in line with the management's indication of pricing review made at the June shareholder meeting. The analyst keeps his Outperform rating and $75 price target on Monster, adding that Coca Cola (KO), PepsiCo (PEP) and Keurig Dr Pepper (KDP) will also likely make pricing changes in response over the coming months.
VRAY ViewRay
$12.59

3.04 (31.83%)

07/03/18
07/03/18
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. Veru Inc. (VERU) initiated with a Buy at Maxim. 2. ViewRay (VRAY) initiated with a Buy at Jefferies. 3. MeiraGTx (MGTX) initiated with an Overweight at Barclays. 4. Zafgen (ZFGN) initiated with an Overweight at Piper Jaffray. 5. Eloxx Pharmaceuticals (ELOX) initiated with a Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/03/18
JEFF
07/03/18
INITIATION
Target $12
JEFF
Buy
ViewRay initiated with a Buy at Jefferies
Jefferies analyst Anthony Petrone started ViewRay with a Buy rating and $12 price target. The analyst believes the company is best positioned to capture early MR-linac adoption given its first mover advantage and growing body of clinical evidence. He believes ViewRay's MRIdian has competitive advantages over Elekta's MR-linac system.
06/18/18
RILY
06/18/18
NO CHANGE
Target $13.5
RILY
ViewRay added to Alpha Generator List at B. Riley FBR
B. Riley FBR analyst Andrew D'Silva added ViewRay to his firm's Alpha Generator List and keeps a Buy rating on the shares with a $13.50 price target. The analyst is positive on the company's install growth.
07/25/18
NORL
07/25/18
NO CHANGE
Target $20
NORL
Outperform
Northland 'extremely bullish' on ViewRay changes, ups target to $20
Northland analyst Suraj Kali is "extremely bullish" on the management and board changes announced by ViewRay. The changes signal a new focus on operational execution and potentially a "packaging" of ViewRay for a potential sale in the next few years, Kali tells investors in a research note. The analyst points out that Scott Drake and Keith Grossman bring an M&A perspective to ViewRay having sold their respective companies over the last few years. Kali raised his price target for the shares to $20 from $13 and keeps an Outperform rating on the name. With "Wall Street savvy" operators now the company, the analyst is "more convinced than ever that ViewRay will be another strategic sale in due time."
VICR Vicor Corporation
$60.95

10.9 (21.78%)

IRBT iRobot
$88.80

17.57 (24.67%)

06/12/18
PIPR
06/12/18
NO CHANGE
Target $78
PIPR
Overweight
iRobot tracking ahead of June quarter expectations, says Piper Jaffray
Mid quarter channel checks indicate iRobot is tracking ahead of expectations for the June quarter and its 2018 guidance will likely "continue to creep higher as the year progresses," Piper Jaffray analyst Troy Jensen tells investors in a research note. The analyst remains upbeat on the shares and would be buyers of the stock at current levels. The robotic vacuum cleaner market has seen U.S. growth accelerate in recent quarters, the analyst adds. He believes this strength will continue throughout the year and expand into other geographies and product segments. Jensen reiterates an Overweight rating on iRobot with a $78 price target.
07/10/18
RAJA
07/10/18
DOWNGRADE
RAJA
Market Perform
iRobot downgraded to Market Perform from Outperform at Raymond James
07/10/18
07/10/18
DOWNGRADE

Market Perform
iRobot downgraded to Market Perform on valuation at Raymond James
As previously reported, Raymond James downgraded iRobot to Market Perform from Outperform. Analyst Brian Gesuale said valuation reflects expectations of substantial positive news on both the product launch and higher estimate revisions.
07/25/18
PIPR
07/25/18
NO CHANGE
Target $90
PIPR
Overweight
iRobot price target raised to $90 from $78 at Piper Jaffray
Piper Jaffray analyst Troy Jensen raised his price target for iRobot to $90 saying the company last night reported "another impressive quarter" with revenue above expectations and "significant upside" to margins and earnings. The analyst believes the company's higher guidance is beatable and anticipates ongoing upward revisions throughout year end. The robotic vacuum cleaner market is experiencing an inflection in demand and even with modest market share loss, iRobot can sustain 18%-20% growth rates for the next few years as penetration in households continues to increase, Jensen tells investors in a research note. He reiterates an Overweight rating on the shares.
NOC Northrop Grumman
$297.59

-18.69 (-5.91%)

06/27/18
FBCO
06/27/18
NO CHANGE
Target $341
FBCO
Neutral
Northrop Grumman price target raised to $341 from $326 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for Northrop Grumman to $341 from $326 as he incorporates Orbital ATK now that the acquisition is closed. The analyst reiterates a Neutral rating on the shares.
06/22/18
BARD
06/22/18
NO CHANGE
Target $394
BARD
Outperform
Northrop Grumman should be bought on any weakness, says Baird
Baird analyst Peter Arment said he would be an aggressive buyer of Northrop Grumman (NOC) shares on any market weakness. The analyst updated his model to reflect the Orbital ATK (OA) deal, which is more favorable than he had previously been modeling. He said the strategic deal raises his top-line outlook. Arment reiterated his Outperform rating and $394 price target on Northrop Grumman shares.
06/21/18
JEFF
06/21/18
NO CHANGE
Target $400
JEFF
Buy
Northrop Grumman remains top defense pick at Jefferies
After meeting with management, Jefferies analyst Sheila Kahyaoglu says Northrop Grumman remains her top defense pick. Acquisition planning should allow Northrop to "hit the ground running" with the integration of Orbital ATK, Kahyaoglu tells investors in a research note. She believes the space business presents the biggest synergy opportunity and keeps a Buy rating on Northrop with a $400 price target.
05/22/18
FBCO
05/22/18
NO CHANGE
Target $326
FBCO
Neutral
Northrop Grumman price target lowered to $326 from $342 at Credit Suisse
Credit Suisse analyst Robert Spingarn lowered his price target for Northrop Grumman to $326 from $342 as he downgrades his outlook for Defense hardware stocks to neutral from bullish. The analyst reiterates a Neutral rating on the shares.
TUP Tupperware Brands
$34.29

-6.48 (-15.89%)

02/01/18
RHCO
02/01/18
NO CHANGE
Target $64
RHCO
Hold
Tupperware Brands price target lowered to $64 from $68 at SunTrust
SunTrust analyst Michael Swartz lowered his price target on Tupperware Brands to $64 based on a "so-so" quarter and "underwhelming" FY18 outlook. The analyst keeps his Hold rating, saying the stock will not move much higher until the company's cash return can become "more compelling".
04/11/18
RHCO
04/11/18
NO CHANGE
Target $47
RHCO
Hold
Tupperware Brands price target lowered to $47 from $64 at SunTrust
SunTrust analyst Michael Swartz lowered his price target on Tupperware Brands to $47 after the company cut its FY18 guidance, taking a more "cautious stance" to reflect decelerating sales and limited visibility. The analyst points to larger than anticipated challenges in Europe in the wake of the company's decision to close a manufacturing facility in France, lower than expected sales in Indonesia, and supply issues in Brazil. Swartz keeps his Hold rating on Tupperware longer term, saying the company "remains one of the more compelling stories in terms of emerging market exposure and cash returns", but also lowers his FY18 EPS view to $4.70 from $5.20 on near term issues.
PII Polaris Industries
$103.56

-16.275 (-13.58%)

07/05/18
LBOW
07/05/18
NO CHANGE
LBOW
Neutral
Harley checks point to mid-single digit U.S. retail drop in Q2, says Longbow
Longbow analyst David MacGregor said his checks point to Harley-Davidson's (HOG) U.S. retail sales being down by a mid-single digits percentage in Q2. He now estimates Q2 U.S. shipments trending down 12-14%, which is a little worse than his previous expectation of down 11-13%. MacGregor, who believes Polaris Industries' (PII) Indian motorcycle gained market share from Harley in all segments, keeps a Neutral rating on Harley-Davidson shares.
06/18/18
RHCO
06/18/18
NO CHANGE
Target $132
RHCO
Hold
Polaris Industries price target raised to $132 from $125 at SunTrust
SunTrust analyst Michael Swartz raised his price target on Polaris Industries to $132 and kept his Hold rating, citing the impact from the company's recently announced Boat Holdings acquisition as well as the adjustment from the non-cash amortization charges of previous acquisitions. The analyst believes that Polaris Industries is a quality longer-term holding, but 2018 will likely be challenged by product recalls and end-market softness.
06/01/18
BMOC
06/01/18
NO CHANGE
Target $114
BMOC
Market Perform
Polaris Industries price target raised to $114 from $105 at BMO Capital
BMO Capital analyst Gerrick Johnson raised his price target for Polaris Industries to $114 from $105 after the company announced plans to buy Boat Holdings for $805M in cash, which he views as "positive" given a very optimistic outlook on the boat and marine market overall. In a research note to investors, Johnson contended that the negative impact on the Polaris brand from its recent recalls was "actually fairly minimal."
04/27/18
BMOC
04/27/18
NO CHANGE
Target $105
BMOC
Market Perform
Polaris Industries price target lowered to $105 from $125 at BMO Capital
BMO Capital analyst Gerrick Johnson lowered his price target on Polaris Industries to $105, citing the company's worse than expected outlook accompanying Q1 earnings which imply that expectations for the rest of the year will have to come down. Johnson also notes some "cautious commentary regarding input and freight costs" for Polaris, leading to a 13% decline in the stock price over the next two trading days after earnings. The analyst keeps his Market Perform rating.

TODAY'S FREE FLY STORIES

CDEV

Centennial Resource Development

$6.59

-0.305 (-4.42%)

04:48
07/17/19
07/17
04:48
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04:48
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Centennial Resource Development rating change  »

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JAG

Jagged Peak Energy

$8.09

-0.23 (-2.76%)

04:46
07/17/19
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04:46
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Jagged Peak Energy rating change  »

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  • 13

    Aug

NLS

Nautilus

$1.74

0.09 (5.45%)

04:44
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07/17
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04:44
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  • 31

    Jul

SND

Smart Sand

$2.35

-0.04 (-1.67%)

04:40
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04:40
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  • 07

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OPRA

Opera

$10.59

-0.16 (-1.49%)

04:39
07/17/19
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04:39
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04:39
Initiation
Opera initiated  »

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ARLP

Alliance Resource Partners

$17.25

-0.26 (-1.48%)

04:39
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07/17
04:39
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04:39
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  • 26

    Jul

WFC

Wells Fargo

$45.30

-1.4 (-3.00%)

04:33
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07/17
04:33
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04:33
Downgrade
Wells Fargo rating change  »

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  • 12

    Oct

DOYU

DouYu

$0.00

(0.00%)

04:29
07/17/19
07/17
04:29
07/17/19
04:29
Syndicate
DouYu 67.387M share IPO priced at $11.50 »

The deal priced at the…

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  • 17

    Jul

AVRO

Avrobio

$19.08

2.66 (16.20%)

04:25
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07/17
04:25
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04:25
Syndicate
Avrobio 6.5M share Secondary priced at $18.50 »

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  • 09

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  • 17

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RGEN

Repligen

$88.44

2.57 (2.99%)

04:23
07/17/19
07/17
04:23
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04:23
Syndicate
Repligen 1.38M share Secondary priced at $87.00 »

The deal size was…

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  • 18

    Sep

  • 19

    Sep

  • 13

    Nov

  • 17

    Jul

04:10
07/17/19
07/17
04:10
07/17/19
04:10
General news
FX Action: USD-CAD printed a five-session high »

FX Action: USD-CAD…

02:55
07/17/19
07/17
02:55
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02:55
General news
FX Update: The dollar has settled to a consolidation »

FX Update: The dollar has…

02:10
07/17/19
07/17
02:10
07/17/19
02:10
General news
Asian Market Wrap: »

Asian Market Wrap:…

ATEX

Anterix

$46.95

-0.66 (-1.39%)

21:10
07/16/19
07/16
21:10
07/16/19
21:10
Syndicate
Anterix 2.22M share Secondary priced at $45.00 »

The deal priced below the…

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  • 06

    Aug

  • 17

    Jul

TNXP

Tonix Pharmaceuticals

$0.57

-0.4087 (-41.75%)

21:08
07/16/19
07/16
21:08
07/16/19
21:08
Syndicate
Tonix Pharmaceuticals 9M share Secondary priced at $0.60 »

Aegis is acting as sole…

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  • 25

    Sep

  • 16

    Jul

HTHT

Huazhu Group

$34.88

0.23 (0.66%)

21:05
07/16/19
07/16
21:05
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21:05
Earnings
Huazhu Group sees Q2 revenue growth of 13%-15% »

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PS

Pluralsight

$30.66

-0.71 (-2.26%)

20:58
07/16/19
07/16
20:58
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20:58
Initiation
Pluralsight initiated at KeyBanc »

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  • 31

    Jul

TWOU

2U

$38.60

-0.34 (-0.87%)

20:57
07/16/19
07/16
20:57
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20:57
Initiation
2U initiated at KeyBanc »

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BVN

Buenaventura

$16.31

-0.03 (-0.18%)

20:36
07/16/19
07/16
20:36
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20:36
Hot Stocks
Buenaventura reports Q2 Orcopampa gold production 10.7K oz vs. 5.9K in Q1 »

The company also lowers…

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  • 26

    Jul

HOPE

Hope Bancorp

$13.96

0.2 (1.45%)

20:33
07/16/19
07/16
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20:33
Hot Stocks
Hope Bancorp authorizes $50M stock repurchase program »

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  • 17

    Jul

20:25
07/16/19
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Conference/Events
CLSA Asian tech analyst team to hold an analyst/industry conference call »

Asian Technology Analysts…

BAC

Bank of America

$28.99

-0.23 (-0.79%)

, ABT

Abbott

$83.11

-0.69 (-0.82%)

20:25
07/16/19
07/16
20:25
07/16/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

BAC

Bank of America

$28.99

-0.23 (-0.79%)

ABT

Abbott

$83.11

-0.69 (-0.82%)

USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

PNC

PNC Financial

$138.66

-1.52 (-1.08%)

PGR

Progressive

$84.11

0.105 (0.12%)

BK

BNY Mellon

$43.13

-0.02 (-0.05%)

OMC

Omnicom

$84.08

0.065 (0.08%)

TXT

Textron

$54.02

0.59 (1.10%)

CMA

Comerica

$71.75

0.39 (0.55%)

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  • 17

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  • 06

    Aug

  • 06

    Aug

  • 08

    Aug

  • 26

    Aug

  • 06

    Sep

  • 16

    Oct

SCGLY

Societe Generale

$0.00

(0.00%)

20:08
07/16/19
07/16
20:08
07/16/19
20:08
Upgrade
Societe Generale rating change at JPMorgan »

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SPY

SPDR S&P 500 ETF Trust

$299.75

-1.03 (-0.34%)

, SPX

S&P 500

$0.00

(0.00%)

20:06
07/16/19
07/16
20:06
07/16/19
20:06
Periodicals
SF Fed President Daly not leaning in either direction on rates, Reuters says »

In a Reuters interview,…

SPY

SPDR S&P 500 ETF Trust

$299.75

-1.03 (-0.34%)

SPX

S&P 500

$0.00

(0.00%)

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WAFD

Washington Federal

$34.63

0.02 (0.06%)

20:02
07/16/19
07/16
20:02
07/16/19
20:02
Earnings
Washington Federal reports Q3 EPS 67c, consensus 64c »

Reports Q3 NII $121.7M,…

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