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GPRO

GoPro

$7.05

1.07 (17.89%)

, SHAK

Shake Shack

$56.32

-7.68 (-12.00%)

07:30
08/06/18
08/06
07:30
08/06/18
07:30

Unusual put flow in option market yesterday

Notable put activity was cited Friday in GoPro (GPRO), Shake Shack (SHAK), and TESARO (TSRO).

GPRO

GoPro

$7.05

1.07 (17.89%)

SHAK

Shake Shack

$56.32

-7.68 (-12.00%)

TSRO

Tesaro

$26.94

-8.47 (-23.92%)

  • 07

    Aug

  • 07

    Aug

  • 08

    Aug

GPRO GoPro
$7.05

1.07 (17.89%)

07/31/18
07/31/18
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. JEFFERIES UPS RATING, TARGET FOR CHIPOTLE: Jefferies analyst Andy Barish upgraded Chipotle Mexican Grill (CMG) to Buy from Hold and raised his price target for the shares to $550 from $400. Barish believes Chipotle is one of the better positioned companies to benefit from the ongoing shift to digital/off-premise. The company's operations are now poised to again handle increased volume and throughput, the analyst contended. Further, he believes new management's plans are "credible" and should help drive results in 2019 and beyond. The analyst called the stock a top mid-cap pick. NOMURA UPGRADES TWITTER TO NEUTRAL: Nomura Instinet analyst Mark Kelley upgraded Twitter (TWTR) to Neutral from Reduce with an unchanged price target of $31. After selling off 27% since the Q2 earnings report on July 27, expectations have been appropriately reset, Kelley told investors. The analyst believes Twitter's investments to clean up the platform will prove a longer term positive and lead to a more engaged user base. BARCLAYS PREFERS DEERE TO CATERPILLAR: Barclays analyst Adam Seiden downgraded Caterpillar (CAT) to Equal Weight from Overweight and lowered his price target for the shares to $155 from $170. The company's largest end-markets are no longer at trough, and the analyst believes Caterpillar's second half of 2018 price initiatives, directed towards offsetting supply chain and materials cost increases, will limit its ability to expand margins. The analyst prefers shares of Deere (DE) and CNH Industrial (CNH), which he says are at similar valuations but are earlier in their market cycles. CITI SAYS SELL WISDOMTREE: Citi analyst William Katz placed a low probability on Franklin Resources (BEN) acquiring WisdomTree (WETF), and downgraded WisdomTree to Sell, lowering his price target for the shares to $7 from $10. The analyst downgraded the shares to Neutral on July 13. Katz believes WisdomTree's price-to-earnings multiple can further contract amid mixed flow dynamics and flat earnings growth prospects out to 2020. JPMORGAN SAYS GOPRO MAY SEE SHORT SQUEEZE: JPMorgan analyst Paul Coster believes "muted" expectations and elevated short-interest could position GoPro (GPRO) shares for a "short squeeze" rally after the company's Q2 results. The analyst expects the company to post an in-line quarter. GoPro must entice existing users to upgrade to a new flagship camera expected to be released in early Q4, and convert new users for a product category that "feels a bit long in the tooth now," Coster said. He lowered his price target for GoPro shares to $7 from $8 and kept a Neutral rating on GoPro.
07/31/18
JPMS
07/31/18
NO CHANGE
Target $7
JPMS
Neutral
GoPro may rally on short interest, low expectations, says JPMorgan
JPMorgan analyst Paul Coster believes "muted" expectations and elevated short-interest could position GoPro shares for a "short squeeze" rally post the company's Q2 results. The analyst expects the company to post an in-line quarter. GoPro must entice existing users to upgrade to a new flagship camera expected to be released in early Q4, and convert new users for a product category that "feels a bit long in the tooth now," Coster tells investors in a pre-earnings research note. He lowered his price target for GoPro shares to $7 from $8 and keeps a Neutral rating on the name.
06/06/18
COWN
06/06/18
NO CHANGE
Target $65
COWN
Outperform
Ambarella long-term story remains intact, says Cowen
Cowen analyst Matthew Ramsay said he continues to view Ambarella (AMBA) as an undervalued computer vision IP asset with significant growth potential in the automotive and security cameras space. The analyst noted China uncertainty is an additional headwind, along with GoPro (GPRO) declines, but he said his long-term thesis remains unchanged. Ramsay reiterated his Outperform rating and $65 price target on Ambarella shares.
05/04/18
JPMS
05/04/18
NO CHANGE
Target $8
JPMS
Neutral
GoPro could trade up amid 'rock-bottom' sentiment, says JPMorgan
JPMorgan analyst Paul Coster says GoPro posted solid Q1 results above expectations and reinstated guidance with Q2 revenues coming in well above expectations. The new entry-level camera began shipping in Q2, second half of 2018 margins are expected to rebound back to the high 30% range and stay there in fiscal 2019, and opex levels are coming down materially, Coster tells investors in a post-earnings research note. Sentiment is "rock-bottom for this stock," so GoPro could trade up today, the analyst contends. He's "incrementally constructive" on GoPro shares but keeps a Neutral rating with an $8 price target.
SHAK Shake Shack
$56.32

-7.68 (-12.00%)

05/23/18
LBOW
05/23/18
DOWNGRADE
LBOW
Neutral
Shake Shack downgraded to Neutral from Buy at Longbow
05/23/18
05/23/18
DOWNGRADE

Neutral
Shake Shack downgraded to Neutral on valuation at Longbow
As previously reported, Longbow downgraded Shake Shack to Neutral from Buy. Analyst Alton Stump said Shake Shack shares have surpassed his previous $54 price target and more accurately reflect his positive view on short and long-term fundamentals.
05/23/18
05/23/18
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. Intuit (INTU) downgraded to Underweight from Equal-Weight at First Analysis with analyst James Macdonald saying he views the April quarter results as strong but views the stock as fully valued at current levels. 2. DSW (DSW) downgraded to Hold from Buy at Deutsche Bank with analyst Paul Trussell saying the company's business fundamentals are solid but the stock's valuation is full at current levels. 3. Shake Shack (SHAK) downgraded to Neutral from Buy at Longbow with analyst Alton Stump saying Shake Shack shares have surpassed his previous $54 price target and more accurately reflect his positive view on short and long-term fundamentals. 4. LTC Properties (LTC) downgraded to Underperform from Sector Perform at RBC Capital with analyst Michael Carroll saying that while the stock has traded at a premium to its peer group historically, valuation should now be more in line due to a "precipitous drop in the skilled nursing facility coverage ratios and the slight increase in leverage," even though he still sees its financial position as strong. 5. Celgene (CELG) downgraded to Hold from Buy at Argus with analyst David Toung saying he is increasingly more concerned about potential setbacks in its product pipeline as well as the company's over-reliance on Revlimid, which is about 65% of its total revenue. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/25/18
COWN
07/25/18
NO CHANGE
Target $59
COWN
Market Perform
Shake Shack needs strong beat and raise to support lofty valuation, says Cowen
Cowen analyst Andrew Charles said Shake Shack is trading at a premium valuation ahead of Q2 results. He said the lofty valuation needs to be supported by better than expected comps and a guidance raise of 1-2%, though he notes the company has never raised comp guidance by more than 150-200 basis points. Charles maintained his Market Perform rating and raised his price target to $59 from $51 on Shake Shack shares.
TSRO Tesaro
$26.94

-8.47 (-23.92%)

08/06/18
SBSH
08/06/18
NO CHANGE
Target $100
SBSH
Buy
Tesaro earnings pullback a buying opportunity, says Citi
Citi analyst Robyn Karnauskas views the post-earnings pullback in shares of Tesaro as a buying opportunity. While Zejula guidance was lowered for fiscal 2018, the SITC data remains a key catalyst, Karnauskas tells investors in a research note. She believes Lynparza approval likely in first line gBRCA maintenance and reiterates a Buy rating on Tesaro with a $100 price target.
08/06/18
08/06/18
DOWNGRADE
Target $35

Neutral
Tesaro downgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill downgraded Tesaro to Neutral from Buy and slashed its price target to $35 from $72 following the Q2 report last week. Analyst Tazeen Ahmad said PARP inhibitor sales for maintenance treatment of ovarian cancer were below expectations and management lowered guidance citing the slower than expected ramp of the PARP class. Ahmad said physicians are deciding the right population and two other competitor drugs which is impacting uptake.
08/06/18
BOFA
08/06/18
DOWNGRADE
BOFA
Neutral
Tesaro downgraded to Neutral from Buy at BofA/Merrill
08/03/18
RBCM
08/03/18
NO CHANGE
Target $38
RBCM
Sector Perform
Tesaro price target lowered to $38 from $46 at RBC Capital
RBC Capital analyst Kennen MacKay lowered his price target on Tesaro to $38 and kept his Sector Perform rating after its guidance cut to FY18 Zejula estimates. The analyst notes that the drug's "geographic split is concerning" and may be indicative of a growth decline in the U.S. market, potentially because of toxicity-related dose reductions.

TODAY'S FREE FLY STORIES

GG

Goldcorp

$10.70

-0.47 (-4.21%)

, NEM

Newmont Mining

$34.52

0.2 (0.58%)

14:25
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Hot Stocks
BCI says will exercise holder rights in voting against Goldcorp-Newmont merger »

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GG

Goldcorp

$10.70

-0.47 (-4.21%)

NEM

Newmont Mining

$34.52

0.2 (0.58%)

03/08/13
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  • 11

    Apr

FCAU

Fiat Chrysler

$14.58

-0.43 (-2.86%)

14:25
03/22/19
03/22
14:25
03/22/19
14:25
Options
Fiat Chrysler call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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LXRX

Lexicon

$7.51

-0.45 (-5.65%)

, SNY

Sanofi

$44.34

-1.07 (-2.36%)

14:23
03/22/19
03/22
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03/22/19
14:23
Hot Stocks
Lexicon to resume trading at 2:45 pm ET »

Lexicon (LXRX) shares are…

LXRX

Lexicon

$7.51

-0.45 (-5.65%)

SNY

Sanofi

$44.34

-1.07 (-2.36%)

03/08/13
Wedge Partners
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Credit Suisse
03/06/13
Citigroup
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  • 22

    Mar

  • 25

    Apr

  • 28

    Apr

PDLB

PDL Community Bancorp

$13.63

-0.01 (-0.07%)

14:21
03/22/19
03/22
14:21
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14:21
Hot Stocks
PDL Community Bancorp to repurchase up to 923,151 common shares »

PDL Community Bancorp…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
03/22/19
03/22
14:17
03/22/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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SNI

Scripps Networks

$0.00

(0.00%)

, LXRX

Lexicon

$7.51

-0.45 (-5.65%)

14:16
03/22/19
03/22
14:16
03/22/19
14:16
Hot Stocks
Sanofi says FDA issues CRL for Zynquista »

The U.S. Food and Drug…

SNI

Scripps Networks

$0.00

(0.00%)

LXRX

Lexicon

$7.51

-0.45 (-5.65%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 22

    Mar

  • 25

    Apr

$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
03/22/19
03/22
14:16
03/22/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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AMN

AMN Healthcare

$48.35

-0.895 (-1.82%)

14:15
03/22/19
03/22
14:15
03/22/19
14:15
Conference/Events
AMN Healthcare management to meet with Benchmark »

Meetings to be held in…

03/08/13
Wedge Partners
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03/06/13
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  • 26

    Mar

  • 27

    Mar

  • 17

    Apr

W

Wayfair

$159.46

-11.73 (-6.85%)

14:15
03/22/19
03/22
14:15
03/22/19
14:15
Options
Wayfair put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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14:15
03/22/19
03/22
14:15
03/22/19
14:15
General news
U.S. Treasury reported a -$234 B budget deficit for February »

U.S. Treasury reported a…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

14:13
03/22/19
03/22
14:13
03/22/19
14:13
Periodicals
Trump to withdraw new North Korea-related sanctions, CNBC says »

U.S. President Donald…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.71

-4.92 (-1.73%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
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Citigroup
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AMED

Amedisys

$123.24

-2.89 (-2.29%)

14:11
03/22/19
03/22
14:11
03/22/19
14:11
Conference/Events
Amedisys management to meet with Wiliam Blair »

Meetings to be held in…

03/08/13
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03/06/13
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  • 28

    Mar

  • 29

    Mar

  • 02

    Apr

  • 03

    Apr

NEM

Newmont Mining

$34.57

0.25 (0.73%)

, GG

Goldcorp

$10.71

-0.46 (-4.12%)

14:10
03/22/19
03/22
14:10
03/22/19
14:10
Periodicals
VanEck wants Newmont to renegotiate terms of Goldcorp deal, WSJ reports »

Joe Foster, who runs one…

NEM

Newmont Mining

$34.57

0.25 (0.73%)

GG

Goldcorp

$10.71

-0.46 (-4.12%)

GOLD

Barrick Gold

$13.48

0.2 (1.51%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 11

    Apr

14:10
03/22/19
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14:10
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General news
U.S. Treasury budget preview: »

U.S. Treasury budget…

AGO

Assured Guaranty

$45.19

-0.14 (-0.31%)

14:07
03/22/19
03/22
14:07
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14:07
Conference/Events
Assured Guaranty management to meet with MKM Partners »

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  • 28

    Mar

  • 29

    Mar

  • 16

    Apr

  • 17

    Apr

14:03
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14:03
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General news
Treasury Budget data reported »

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QCOM

Qualcomm

$57.16

-0.6 (-1.04%)

14:00
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Options
Size spread in Qualcomm as shares slip »

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  • 01

    May

EVER

EverQuote

$7.80

-0.1 (-1.27%)

13:59
03/22/19
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13:59
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13:59
Conference/Events
EverQuote management to meet with Needham »

Meeting to be held in…

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  • 25

    Mar

  • 28

    Mar

RYTM

Rhythm Pharmaceuticals

$30.01

-0.64 (-2.09%)

13:59
03/22/19
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13:59
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13:59
Conference/Events
Rhythm Pharmaceuticals management to meet with Needham »

Meeting to be held in…

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03/06/13
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03/06/13
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  • 28

    Mar

TWOU

2U

$66.19

-2.92 (-4.23%)

13:57
03/22/19
03/22
13:57
03/22/19
13:57
Conference/Events
2U management to meet with Needham »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 27

    Mar

  • 28

    Mar

  • 29

    Mar

GLW

Corning

$33.89

-0.91 (-2.61%)

13:55
03/22/19
03/22
13:55
03/22/19
13:55
Options
Corning put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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ATEC

Alphatec

$2.60

-0.12 (-4.41%)

13:52
03/22/19
03/22
13:52
03/22/19
13:52
Conference/Events
Alphatec management to meet with Lake Street »

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  • 27

    Mar

TLRA

Telaria

$6.16

-0.25 (-3.90%)

13:52
03/22/19
03/22
13:52
03/22/19
13:52
Conference/Events
Telaria management to meet with Lake Street »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 26

    Mar

SRDX

Surmodics

$42.26

-3.67 (-7.99%)

13:51
03/22/19
03/22
13:51
03/22/19
13:51
Conference/Events
Surmodics management to meet with Lake Street »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 26

    Mar

TPR

Tapestry

$31.23

-0.72 (-2.25%)

13:49
03/22/19
03/22
13:49
03/22/19
13:49
Options
Tapestry option volume 4x normal as shares test multiyear lows »

Tapestry option volume 4x…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
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