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T

AT&T

$32.41

0.3 (0.93%)

, SAP

SAP

$115.55

0.35 (0.30%)

04:55
08/08/18
08/08
04:55
08/08/18
04:55

Oppenheimer to hold a conference

21st Annual Technology, Internet & Communications Conference will be held in Boston on August 7-8.

T

AT&T

$32.41

0.3 (0.93%)

SAP

SAP

$115.55

0.35 (0.30%)

MPWR

Monolithic Power

$141.41

4.22 (3.08%)

NSIT

Insight Enterprises

$52.96

0.6 (1.15%)

PAYC

Paycom

$134.39

-0.13 (-0.10%)

P

Pandora

$8.03

0.005 (0.06%)

S

Sprint

$6.14

-0.045 (-0.73%)

SIRI

Sirius XM

$6.87

-0.025 (-0.36%)

TMUS

T-Mobile

$65.31

-1.01 (-1.52%)

TTWO

Take-Two

$122.22

0.88 (0.73%)

ZG

Zillow

$49.38

-9.66 (-16.36%)

CEVA

Ceva

$27.65

-4.85 (-14.92%)

VG

Vonage

$13.81

0.54 (4.07%)

VZ

Verizon

$52.47

-0.01 (-0.02%)

LKM

Link Motion

$1.09

-0.015 (-1.36%)

DOX

Amdocs

$64.50

-0.32 (-0.49%)

EGHT

8x8, Inc.

$21.80

0.65 (3.07%)

RHT

Red Hat

$142.34

-0.47 (-0.33%)

AKAM

Akamai

$75.66

0.34 (0.45%)

FFIV

F5 Networks

$176.66

1.17 (0.67%)

BWA

BorgWarner

$46.36

0.75 (1.64%)

IO

ION Geophysical

$17.00

-0.125 (-0.73%)

STM

STMicroelectronics

$22.15

0.075 (0.34%)

TEAM

Atlassian

$75.96

0.39 (0.52%)

INST

Instructure

$38.70

-0.6 (-1.53%)

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T AT&T
$32.41

0.3 (0.93%)

07/30/18
BOFA
07/30/18
UPGRADE
BOFA
Buy
AT&T upgraded to Buy from Neutral at BofA/Merrill
07/30/18
07/30/18
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. AT&T (T) upgraded to Buy from Neutral at BofA/Merrill with analyst David Barden saying he is positive on AT&T's 20-year low P/E multiple, Timer Warner (TWX) merger benefits of earnings accretion and expanding cash, favorable emerging wireless business trends, and a call option on value extraction from the merger of AT&T's distribution network with Time Warner's content and ad inventory. 2. American Airlines (AAL) upgraded to Outperform from Neutral at Macquarie. 3. Avis Budget (CAR) upgraded to Buy from Neutral at Northcoast. 4. Cabot Oil & Gas (COG) upgraded to Positive from Neutral at Susquehanna with analyst Biju Perincheril citing the recent weakness in the shares but he also feels the risk/reward is attractive with many projects providing production growth over the next two years along with accelerating free cash flow generation. 5. Juniper (JNPR) upgraded to Buy from Hold at Deutsche Bank with analyst Vijay Bhagavath saying he's "going against the grain" and making a "contrarian call." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/30/18
07/30/18
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 UPGRADES AT&T TO BUY: Bank of America Merrill Lynch upgraded AT&T (T) to Buy from Neutral as analyst David Barden is positive on AT&T's 20-year low P/E multiple, Timer Warner merger benefits, favorable emerging wireless business trends, and a call option on value extraction from the merger of AT&T's distribution network with Time Warner's content and ad inventory. He keeps a $37 price target on AT&T shares. DEUTSCHE UPS JUNIPER IN 'CONTRARIAN' CALL: Deutsche Bank analyst Vijay Bhagavath upgraded Juniper Networks (JNPR) to Buy from Hold and raised his price target for the shares to $32 from $25. The analyst said he's "going against the grain" and making a "contrarian call." The post-earnings selloff on the "better than feared" Q2 results and below consensus Q3 guidance, which is primarily related to switch router upgrade timing at a handful of cloud and service provider customers, provides a "reasonable entry point." He believes "robust" switch router and next generation security refresh cycles will start in fiscal 2019 and that Juniper's fundamentals will improve from FY19 through FY21. STIFEL CUTS SYNCHRONOS TO SELL: Stifel analyst Tom Roderick downgraded Synchronoss (SNCR) to Sell from Hold, stating that recent filings reveal that liquidity issues loom, the company is "out of levers, and time is not on their side." The turnaround required to keep the company from fundraising "feels Herculean," added Roderick, who lowered his price target on Synchronoss shares to $3 from $8. BUCKINGHAM SAYS FORCED SALE OF CHARTER ASSETS 'UNLIKELY': Buckingham analyst Matthew Harrigan noted that New York's Public Service Commission has moved to push Charter (CHTR) out of the state and presented the company with a 60 day ultimatum to find a buyer for its assets there due to what it views as "repeated failures" to honor its commitments around the 2016 merger with Time Warner Cable. While he thinks an extended court battle seems "virtually certain," Harrigan does not see much likelihood of any forced disposition of its New York State assets. He keeps a Buy rating and $397 price target on Charter shares.
07/30/18
07/30/18
UPGRADE
Target $37

Buy
AT&T upgraded to Buy on low valuation, deal benefits at BofA/Merrill
As previously reported, BofA/Merrill upgraded AT&T (T) to Buy from Neutral and maintained a $37 price target. Analyst David Barden is positive on AT&T's 20-year low P/E multiple, Timer Warner (TWX) merger benefits of earnings accretion and expanding cash, favorable emerging wireless business trends, and a call option on value extraction from the merger of AT&T's distribution network with Time Warner's content and ad inventory.
SAP SAP
$115.55

0.35 (0.30%)

07/18/18
OPCO
07/18/18
NO CHANGE
Target $130
OPCO
Outperform
SAP price target raised to $130 from $125 at Oppenheimer
Oppenheimer analyst Brian Schwartz raised his price target for SAP to $130 from $125 on positive cloud business momentum. The analyst thinks the company's technology vision for the customer experience market opportunity is underappreciated by the Street despite having good alignment with the category's secular shifts. He reiterates an Outperform rating on the shares.
07/20/18
BREN
07/20/18
NO CHANGE
BREN
SAP pullback yesterday a buying opportunity, says Berenberg
Berenberg analyst Gal Munda views the post-earnings pullback yesterday in shares of SAP as a buying opportunity. The company's Q2 results were "broadly positive with a beat on the top line driven by the Cloud business," Munda tells investors in a research note. He keeps a Buy rating on SAP with a price target of EUR 106.
06/01/18
JEFF
06/01/18
INITIATION
Target $140
JEFF
Buy
SAP initiated with a Buy at Jefferies
Jefferies analyst Vijay Anand started SAP with a Buy rating and $140 price target. The analyst views the slower than expected progress in SAP's cloud gross margin improvement as "largely a timing issue." With the investment phase mostly over, the analyst expects SAP's free cash flow growth to accelerate and shares to re-rate as investors "fully appreciate the quality" of its cloud assets.
05/18/18
DADA
05/18/18
NO CHANGE
Target $31
DADA
Neutral
ProsHoldings price target raised to $31 from $28 at DA Davidson
DA Davidson analyst Rishi Jaluria raised his price target on ProsHoldings (PRO) to $31 following its user conference and investor session. The analyst cites the company's disclosed partnership with SAP Hybris (SAP) on joint projects in airline solutions and its "solid" expansion outside of travel. While Jaluria anticipates incremental benefits from the partnership, he keeps his Neutral rating due to valuation and worries about ProsHoldings' cash burn.
MPWR Monolithic Power
$141.41

4.22 (3.08%)

06/05/18
DBAB
06/05/18
NO CHANGE
Target $140
DBAB
Buy
Monolithic Power price target raised to $140 from $130 at Deutsche Bank
Deutsche Bank analyst Ross Seymore raised his price target for Monolithic Power to $140 ahead of the company's analyst day on June 7. The analyst expects the quality of the company's growth to continue improving as it "further penetrates long-tailed end markets such as Server, Auto and Industrial." This combination of faster growth and rising quality should remain compelling to long-term investors, Seymore tells investors in a research note. He keeps a Buy rating on Monolithic Power.
06/11/18
OPCO
06/11/18
NO CHANGE
Target $150
OPCO
Outperform
Monolithic Power price target raised to $150 from $130 at Oppenheimer
Oppenheimer analyst Rick Schafer raised his price target for Monolithic Power to $150 from $130 following the company's analyst day and after management raised Q2 outlook and detailed plan to achieve $1B revenues by 2021. With shares up 450% over past five years, the analyst believes investors underappreciate potential for growth acceleration and sees $2B top-line organically attainable within five to six years. He reiterates an Outperform rating on the shares.
05/18/18
COWN
05/18/18
INITIATION
Target $150
COWN
Outperform
Monolithic Power initiated with an Outperform, $150 price target at Cowen
As reported previously, Cowen analyst Matthew Ramsay initiated Monolithic Power with an Outperform rating. The analyst cited its upcoming product ramps, its recent growth rate and expectations for it to accelerate, which he believes will drive upward earnings revisions. Ramsay has a $150 price target on Monolithic Power shares.
07/20/18
OPCO
07/20/18
NO CHANGE
Target $150
OPCO
Outperform
Oppenheimer remains a buyer of Monolithic Power ahead of Q2 results
Oppenheimer analyst Rick Schafer maintained an Outperform rating and $150 price target on Monolithic Power Systems ahead of the company's Q2 results on July 25. In a research note to investors, Schafer says he remains a buyer, as he sees a beat/raise set-up, and contends that the company has "myriad greenfield growth opportunities" in diverse end markets including auto, DC/cloud, motion control and ecommerce. Additionally, he says he likes management's history of consistent execution and long-term growth/GM story.
NSIT Insight Enterprises
$52.96

0.6 (1.15%)

PAYC Paycom
$134.39

-0.13 (-0.10%)

07/19/18
07/19/18
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. Clorox (CLX) initiated with a Sell at UBS. 2. Cree (CREE) initiated with a Neutral at Nomura Instinet. 3. Paycom (PAYC) initiated with a Buy at Needham. 4. Lonestar Resources (LONE) initiated with a Buy at SunTrust. 5. ON Semiconductor (ON) initiated with a Buy at Nomura Instinet. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/30/18
RBCM
07/30/18
NO CHANGE
Target $115
RBCM
Sector Perform
Paycom price target raised to $115 from $90 at RBC Capital
RBC Capital analyst Ross MacMillan raised his price target on Paycom to $115 ahead of its Q2 earnings, saying there is upside to consensus estimates coming from "steady employment growth, float income tailwind and relatively conservative margin guidance". The analyst adds that his price target change is driven by the roll of his financial model into FY20, but also keeps his Sector Perform rating longer term on concerns around decelerating growth and moderating margin expansion.
08/01/18
OPCO
08/01/18
NO CHANGE
Target $127
OPCO
Outperform
Paycom price target raised to $127 from $120 at Oppenheimer
Oppenheimer analyst Brian Schwartz raised his price target for Paycom to $127 from $120 after the company reported an "excellent" Q2 marked by a meaningful uptick to cash flow growth and to the revenue and EBITDA beat-and-raise trends, which support the company valuation. On balance, the analyst believes the Q3 growth guidance implies little sequential growth, but may prove conservative since management commentary indicated no unusual activity in the Q2 deals or revenue pull-forward. He reiterates an Outperform rating on the shares.
08/01/18
FBCO
08/01/18
NO CHANGE
Target $110
FBCO
Neutral
Paycom price target raised to $110 from $95 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Paycom to $110 from $95 after the company reported "strong" Q2 results, with top-line reacceleration and continued operating leverage. The analyst reiterates a Neutral rating on the shares.
P Pandora
$8.03

0.005 (0.06%)

08/01/18
ADAM
08/01/18
NO CHANGE
Target $10
ADAM
Buy
Pandora results show strong engagement and monetization, says Canaccord
Canaccord analyst Maria Ripps said Pandora's Q2 results shows there is strength in engagement and monetization and consistent progress relative to management's ongoing turnaround plan. Both advertising and subscription revenues were ahead of expectations, noted Ripps, who reiterated her Buy rating and $10 price target on Pandora shares.
08/01/18
BRRR
08/01/18
UPGRADE
Target $11
BRRR
Outperform
Pandora upgraded to Outperform from Market Perform at Barrington
Barrington analyst James Goss upgraded Pandora Media to Outperform with an $11 price target. The company has amassed a "huge" listener base and now expanded its audio services to encompass two levels of pay products, Goss tells investors in a research note after Pandora beat Q2 expectations for revenue and EBITDA. The analyst believes Pandora's strategy is beginning to come together.
08/01/18
08/01/18
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. AutoZone (AZO) upgraded to Buy from Hold at Deutsche Bank with analyst Mike Baker saying Improving comps and fundamentals, coupled with a stock that has underperformed year-to-date, has brought a "compelling" valuation. 2. Pandora (P) upgraded to Outperform from Sector Perform at RBC Capital with analyst Mark Mahaney saying the company's double-digit organic revenue growth and declining EBITDA losses were driven by improving execution, adding that while the 2% active listener hours decline is a worry, the valuation on the stock is "undemanding" given its expected annualized revenue growth of about 10% over the next 3 years. 3. Papa John's (PZZA) upgraded to Buy from Hold at Jefferies with analyst Alexander Slagle saying the stock, down 50% from highs, now reflects the likelihood that fundamentals will get worse before improving. 4. Electronic Arts (EA) upgraded to Buy from Hold at Argus with analyst Joseph Bonner saying the latest pullback in the stock price after the company's recent Q1 earnings report offers a favorable entry point. 5. Sarepta (SRPT) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Matthew Harrison saying the stock is down about 34% since June 19 after having moved up by about 50% when its initial DMD gene therapy data was announced. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/02/18
MKMP
08/02/18
NO CHANGE
Target $8
MKMP
Neutral
Pandora price target raised to $8 at MKM Partners
MKM Partners analyst Rob Sanderson raised his price target on Pandora to $8 from $6.25 after its "modestly better than consensus" Q2 EBITDA loss and a revenue beat. The analyst keeps also his Neutral rating, noting that the company's user base continues to decline. Sanderson adds that there is little visibility into Pandora's outlook regarding subscription vs. ad-supported revenue mix, the impact of "marketing reallocation" with respect to its user growth, and the uncertainties around cost of content and minimum guarantees.
S Sprint
$6.14

-0.045 (-0.73%)

08/07/18
SBSH
08/07/18
NO CHANGE
SBSH
Citi credit sees 80% chance of T-Mobile, Sprint merger approval
Citi credit analyst David Phipps believes T-Mobile (TMUS) and Sprint (S) have an 80% chance of winning approval for their proposed merger. The market regularly puts merger approval odds at 50/50, Phipps tells investors in a fixed income research note. The analyst remains bullish on Sprint credit.
06/28/18
06/28/18
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. Air Transport Services (ATSG) upgraded to Buy from Hold at Stifel with analyst David Ross saying shares are attractive at current levels given long-term growth prospects. 2. T-Mobile (TMUS) upgraded to Outperform from Market Perform at Wells Fargo with analyst Jennifer Fritzsche stating that recent conversations with some of his DC contacts have made him more optimistic that a deal to merge with Sprint (S) could be approved. 3. Talend (TLND) upgraded to Buy from Neutral at with analyst Tyler Radke saying a survey of Chief Data Officers shows "strong spending signals" while the company's competitive backdrop is favorable amid "increasing cloud tailwinds". 4. Regions Financial (RF) upgraded to Neutral from Underperform at Baird with analyst David George citing the recent pullback, which he thinks has made the valuation more reasonable. 5. Twilio (TWLO) upgraded to Buy from Hold at Argus with analyst Jim Kelleher saying the pullback in the stock price has created a more favorable entry point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/27/18
LEHM
06/27/18
INITIATION
Target $74
LEHM
Overweight
T-Mobile initiated with an Overweight at Barclays
Barclays analyst Amir Rozwadowski reinstated coverage of T-Mobile (TMUS) with an Overweight rating and $74 price target, telling investors in a research note that while it is difficult to gauge the outcome of the regulatory approval process for the deal between the company and Sprint (S), he thinks T-Mobile's improving cash generation capabilities provide a number of options for investor value creation with or without a deal. The analyst considers T-Mobile the better risk/reward opportunity at current levels.
06/27/18
LEHM
06/27/18
INITIATION
Target $6
LEHM
Equal Weight
Sprint initiated with an Equal Weight at Barclays
Barclays analyst Amir Rozwadowski reinstated coverage of Sprint (S) with an Equal Weight rating and $6 price target, telling investors that while shares should benefit if the proposed deal with T-Mobile (TMUS) is approved, the company's balance sheet and acknowledged need to ramp network investments could strain its financial and competitive flexibility should a deal not come to fruition. Ultimately, Sprint's valuation could see additional pressure if compelled to remain a standalone company, the analyst contends.
SIRI Sirius XM
$6.87

-0.025 (-0.36%)

07/24/18
BTIG
07/24/18
UPGRADE
Target $60
BTIG
Buy
Live Nation upgraded to Buy at BTIG on outperforming growth and M&A
As reported earlier, BTIG analyst Brandon Ross upgraded Live Nation (LYV) to Buy from Neutral with a $60 price target, saying he is now more convinced that the company will outperform expectations amid inflecting growth rate with an added possibility of M&A. Despite the tough comparisons, Ross notes that Live Nation should "handily" top operating income consensus in FY18 and going forward, having build an "insurmountable" competitive float in U.S. markets, and that its mid-teens EBITDA growth is "the new normal". The analyst further believes that a near-term combination between Live Nation and Sirius XM (SIRI) is "inevitable".
07/30/18
SPHN
07/30/18
NO CHANGE
Target $60
SPHN
Overweight
Live Nation price target raised to $60 from $50 at Stephens
Stephens analyst Kyle Evans said he expects solid results from Live Nation (LYV) for the rest of 2018 and sees few fundamental risks. However, he notes he is becoming "increasingly valuation sensitive" given the recent 35% run-up in the stock, which he attributes to its solid results, suspicion that the company is "intentionally under-earning" and new speculation that the company could be acquired by Sirius XM (SIRI). Evans keeps an Overweight rating on Live Nation with an increased price target of $60.
07/10/18
FBCO
07/10/18
INITIATION
Target $8.5
FBCO
Outperform
Sirius XM initiated with an Outperform at Credit Suisse
Credit Suisse analyst Doug Mitchelson initiated Sirius XM with an Outperform and $8.50 price target saying there are no negative catalysts on the horizon and expects a "powerful" buyback will drive valuation higher.
06/29/18
06/29/18
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. KB Home (KBH) upgraded to Buy from Underperform at BofA/Merrill with analyst John Lovallo saying KB Home's execution, margins and returns have exceeded his expectations for numerous quarters and expects solid homebuilding growth through 2020. 2. Sirius XM (SIRI) upgraded to Outperform from Market Perform at Barrington with analyst James Goss stating he is impressed with the longer-term story Sirius continues to offer and considers the recent downward move in the stock price as providing a buying opportunity. 3. Matador (MTDR) upgraded to Buy from Hold at KLR Group with analyst Gail Nicholson saying the company offers investors "solid" execution, a "strong" balance sheet and numerous catalysts which could unlock incremental value. 4. Duluth Holdings (DLTH) upgraded to Outperform from Market Perform at William Blair with analyst Dylan Carden stating he has greater conference that the direct channel will stabilize and even likely accelerate as new retail markets enter their second year. 5. American Express (AXP) upgraded to Buy from Neutral at Buckingham with analyst Chris Brendler citing the DOJ case being resolved and evidence of "compelling momentum" across its platform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TMUS T-Mobile
$65.31

-1.01 (-1.52%)

08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
06/28/18
06/28/18
UPGRADE
Target $77

Outperform
T-Mobile upgraded to Outperform at Wells Fargo
As previously reported, Wells Fargo analyst Jennifer Fritzsche upgraded T-Mobile (TMUS) to Outperform from Market Perform and raised her price target on the shares to $77 from $65. Recent conversations with some of his DC contacts have made him more optimistic that a deal to merge with Sprint (S) could be approved. In either scenario, however, the analyst believes T-Mobile's valuation is "quite compelling" at current levels and sees 30% upside with or without Sprint.
TTWO Take-Two
$122.22

0.88 (0.73%)

08/03/18
KEYB
08/03/18
NO CHANGE
Target $152
KEYB
Overweight
Take-Two guidance remains 'conservative,' says KeyBanc
Following Take-Two's Q1 results that beat expectations, KeyBanc analyst Evan Wingren told investors in a research note that he continues to have conviction and recommends buying Take-Two shares. Guidance for Q2, which he says is "conservative," implies continued momentum in recurrent consumer spending, adding that Take-Two has opportunities for growth and upside moving into 2H, driven by Red Dead Redemption 2. He continues to believe Take-Two has upside to at least his $152 price target, and maintains an Overweight rating.
08/03/18
WEDB
08/03/18
NO CHANGE
Target $150
WEDB
Outperform
Take-Two price target raised to $150 from $132 at Wedbush
Wedbush analyst Michael Pachter reiterated an Outperform rating on Take-Two, as he believes shares continue to present a compelling value after the company delivered upside to guidance and consensus, making its shares attractive int he near-term. Pachter raised his price target to $150 from $132.
08/03/18
STFL
08/03/18
NO CHANGE
Target $131
STFL
Buy
Take-Two had 'solid start' to year, says Stifel
After Take-Two reported Q1 non-GAAP EPS of 12c, which beat the 7c consensus and Stifel analyst Drew Crum's 3c forecast, he said the company reported a solid start to the year that reaffirms his positive stance. Non-GAAP FY19 EPS guidance was increased to $4.15-$4.39 from $3.99-$4.25 previously, added Crum, who keeps a Buy rating and $131 price target on Take-Two shares.
08/03/18
BARD
08/03/18
NO CHANGE
Target $140
BARD
Take-Two results driven by ongoing strength in digital, says Baird
Baird analyst Colin Sebastian said Take-Two reported solid Q1 results, driven by strength in digital engagement. He noted next year's Red Dead game remains the primary focus for 2019 with management sounding very confident on the conference call. Sebastian reiterated his Outperform rating and raised his price target to $140 from $137 on take-Two shares.
ZG Zillow
$49.38

-9.66 (-16.36%)

08/07/18
08/07/18
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. Zillow (Z, ZG) downgraded to Neutral from Buy at BofA/Merrill with analyst Nat Schindler saying the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook cut, and other revenue also missed, indicating new construction opportunity is also taking longer to materialize. 2. CBS (CBS) downgraded to Hold from Buy at Argus with analyst Joseph Bonner citing significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIAB) merger. 3. Extraction Oil & Gas (XOG) downgraded to Neutral from Outperform at Macquarie with analyst Paul Grigel citing increased risk from Colorado Initiative 97. 4. Wynn Resorts (WYNN) downgraded to Hold from Buy at Argus with analyst John Staszak citing its Q2 earnings miss, saying the gross gaming revenue in Macau has now missed consensus forecasts for the months of June and July. 5. Dentsply Sirona (XRAY) downgraded to Neutral from Outperform at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/07/18
08/07/18
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 ZILLOW TO NEUTRAL: BofA Merrill Lynch analyst Nat Schindler downgraded Zillow (Z, ZG) to Neutral from Buy and cut its price target to $60 from $70 following the Q2 report and reduction in guidance. Schindler said the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook was cut, and other revenue also missed, indicating the new construction opportunity is also taking longer to materialize. Zillow Class A shares are down about 17% in late morning trading. MORGAN STANLEY SAYS WAYMO COULD BE WORTH $175B: Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's (GOOG, GOOGL) Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares. GOLDMAN RAISES NVIDIA TARGET AHEAD OF EARNINGS: Goldman Sachs analyst Toshiya Hari raised his price target for Nvidia (NVDA) to $324 from $310 ahead of quarterly results. Unlike the past 10 quarters where the company handily beat Street estimates and raised guidance, the analyst expects a "noisy" quarter with the focal points being the upcoming product transition in Gaming, the current product transition in Datacenter, weakness in cryptocurrency mining, and potential disruption from the virus attack at TSMC (TSM). That said, Hari noted that his long-term bull thesis on Nvidia remains intact and reiterated a Buy rating on the shares. ARGUS CUTS CBS TO HOLD: Argus analyst Joseph Bonner downgraded CBS (CBS) to Hold from Buy, noting significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIA, VIAB) merger. Bonner noted that if the Moonves allegations are proven true, he would be immediately dismissed, which could end the board's bid to remain independent and thereby inflict damage on the shareholders.
08/07/18
BWSF
08/07/18
NO CHANGE
Target $194
BWSF
Sell
Zillow acquisition a risk for LendingTree, says BWS Financial
The acquisition of Mortgage Lenders of America by Zillow Group (ZG) is further risk to LendingTree's (TREE) business, BWS Financial analyst Hamed Khorsand tells investors in a research note. LendingTree is already facing a price ceiling on referral rates, the analyst contends. He believes Zillow buying one of the company's customers "emphasizes some of the headwinds that could persist for a while." Further consolidation among mortgage lenders could further deteriorate the ability for LendingTree to retain current level of referral rates, Khorsand contends. He keeps a Sell rating on the shares with a $194 price target.
08/07/18
CHLM
08/07/18
NO CHANGE
Target $45
CHLM
Hold
Zillow price target lowered to $45 from $50 at Craig-Hallum
Craig-Hallum analyst Bradley Berning lowered his price target for Zillow to $45 for $50 following quarterly results. The analyst reiterates a Hold rating on the stock as he remains cautious on the impact of new business to the earnings volatility, capital intensity and valuation.
CEVA Ceva
$27.65

-4.85 (-14.92%)

06/05/18
NORL
06/05/18
INITIATION
Target $39
NORL
Outperform
Ceva initiated with an Outperform at Northland
Northland initiated Ceva with an Outperform rating and $39 price target.
05/17/18
COWN
05/17/18
INITIATION
Target $43
COWN
Outperform
Ceva initiated with an Outperform at Cowen
Cowen initiated Ceva with an Outperform and $43 price target.
07/12/18
BNCH
07/12/18
NO CHANGE
BNCH
Buy
Marvell, Ceva, MaxLinear stand to benefit from ZTE ban ending, says Benchmark
After the U.S. announced it has signed an escrow agreement with ZTE (ZTCOY) that should lift the supplier ban and allow the company to resume operations, Benchmark analyst Gary Mobley identified Ceva (CEVA), Marvell Technology (MRVL) and MaxLinear (MXL) as the stocks that he covers that have the most to gain from the lifting of the ZTE shipment ban. He maintains Buy ratings on all three suppliers.
05/18/18
COWN
05/18/18
INITIATION
Target $43
COWN
Outperform
Ceva initiated with an Outperform, $43 price target at Cowen
As reported previously, Cowen analyst Matthew Ramsay initiated Ceva with an Outperform rating. The analyst anticipates continued strong royalty and royalty/unit growth in mobile and royalty diversification into connectivity, vision, auto, base station, and IoT chips. Ramsay has a $43 price target on Ceva shares.
VG Vonage
$13.81

0.54 (4.07%)

07/16/18
SBSH
07/16/18
NO CHANGE
Target $16
SBSH
Buy
Vonage price target raised to $16 from $13.50 at Citi
Citi analyst Michael Rollins raised his price target for Vonage to $16 and removed his "High Risk designation" on the shares. The analyst sees potential for improving sales results as new products accelerate bookings growth. The market continues to improve valuation multiples for the cloud communication firms given the "significant category growth and large addressable market," Rollins tells investors in a research note. He keeps a Buy rating on Vonage shares.
12/20/17
OPCO
12/20/17
NO CHANGE
Target $52
OPCO
Outperform
GTT Communications price target raised to $52 from $39 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for GTT Communications (GTT) to $52 from $39, while reiterating an Outperform rating on the shares. The analyst believes M&A activity should shift from large- to small-cap with GTT, Cogent (CCOI), Boingo Wireless (WIFI), Akamai (AKAM), Interxion (INXN) and Vonage (VG) all attractive targets with strong fundamentals.
12/11/17
NEED
12/11/17
NO CHANGE
Target $12
NEED
Buy
Vonage businesses to benefit from secular tailwinds and momentum, says Needham
Needham analyst Richard Valera raised his price target on Vonage to $12 from $10 and kept his Buy rating, saying the company remains his top pick in the space for 2018. Valera anticipates "secular tailwinds and solid business momentum in the UCaaS and CPaaS businesses" at Vonage. The analyst also forecasts strong cash flows from its legacy Consumer business as it de-levers its balance sheet, supporting M&A activity next year.
01/25/18
CHLM
01/25/18
NO CHANGE
CHLM
8x8, Inc., Vonage marriage makes 'great sense,' says Craig-Hallum
Craig-Hallum analyst George Sutton notes that while never confirmed, it was widely believed that 8x8 (EGHT) had entertained interest from third parties back about a year ago, and more recently, Vonage (VG) has expressed desire to pursue a "transformational acquisition." There are only a few acquisitions possible in this market that the analyst feel would fit the definition and 8x8 clearly would be one, he contends. Importantly, Sutton believes it makes sense on a number of strategic bases.
VZ Verizon
$52.47

-0.01 (-0.02%)

07/10/18
FBCO
07/10/18
INITIATION
Target $58
FBCO
Outperform
Verizon initiated with an Outperform at Credit Suisse
Credit Suisse analyst Doug Mitchelson initiated Verizon with an Outperform and $58 price target.
07/11/18
07/11/18
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. MCDONALD'S CUT TO NEUTRAL: Cleveland Research analyst Steven Gojak downgraded McDonald's (MCD) to Neutral from Buy after his industry checks led him to believe that its comparable sale results in the second half will trend more in-line with consensus expectations. Gojak, who is still modeling Q2 U.S. comp sales growth of 3.7% for McDonald's, which is above the 3.1% consensus growth view, lowered his 2018 U.S. comp estimate to 3.2% from 3.4%, compared to the consensus of 3.1% growth. McDonald's is down 1% in midday trading. NOMURA INITIATES INTERNET SECTOR: Nomura Instinet initiated coverage on the Americas Internet sector. Nomura Instinet initiated Alphabet Class A (GOOGL), Facebook (FB), and Spotify (SPOT) with Buy ratings, and added that Alphabet and Facebook were the best positioned in this newly regulated industry. It initiated Twitter (TWTR) with a Reduce rating, saying that while it is a "stable long-term asset that has something for everyone," the firm believes the market is pricing in "a significant advertising reacceleration that implies a shift in ad spend," while the firm expects "stability instead of a reacceleration of growth." CREDIT SUISSE POSITIVE ON VERIZON, NEGATIVE ON AT&T: Credit Suisse analyst Douglas Mitchelson initiated Verizon (VZ) with an Outperform rating and a price target of $58. The analyst believes Verizon should benefit from its "major $10B cost savings plan, stable capex spending, record low churn, and the benefit of tax reform." Mitchelson also initiated AT&T (T) with an Underperform rating and a price target of $29. Mitchelson said that AT&T will require greater scale and a shift to global direct-to-consumer distribution, stating that the elevated execution risk under its ownership structure and its wireless business look mature with little chance for stabilization in spite of the coming 5G technology. DISNEY VALUATION NOT COMPELLING: Credit Suisse analyst Douglas Mitchelson initiated Disney (DIS) with a Neutral rating and a price target of $114. The analyst noted that the company is "the best positioned traditional media company", but believes the Street has not sufficiently discounted the costs associated with Disney's push into direct-to-consumer streaming services, adding that FY19 will be extra challenging because of high film comps and major theme park project launches.
06/21/18
06/21/18
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. PayPal (PYPL) upgraded to Overweight from Neutral at Atlantic Equities with analyst Kunaal Malde saying he believes the company's differentiated checkout experience should enable the company to continue taking share. 2. Verizon (VZ) and Charter (CHTR) were upgraded to Buy from Neutral at Goldman Sachs. 3. Terex (TEX) upgraded to Buy from Hold at Jefferies with analyst Stephen Volkmann saying Terex has underperformed both the S&P 500 Index and machinery peers year-to-date despite improving backlog and visibility into 2019. 4. AMC Entertainment (AMC) upgraded to Buy from Hold at Benchmark with analyst Mike Hickey saying he believes the company's new movie subscription service will succeed in driving incremental attendance and EBITDA. 5. Becton Dickinson (BDX) upgraded to Overweight from Neutral at JPMorgan with analyst Robbie Marcus saying he sees a "clear path" for Becton to exceed expectations for the second half of 2018 and fiscal 2019 now that the Bard acquisition is two quarters in. 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
FBCO
07/10/18
INITIATION
Target $58
FBCO
Outperform
Verizon initiated with an Outperform at Credit Suisse
As reported earlier, Credit Suisse analyst Douglas Mitchelson initiated Verizon with an Outperform rating and a price target of $58. The analyst notes that wireless competition has likely stabilized and revenue is returning to sustainable near-term growth. Mitchelson also sees Verizon having invested sufficiently for the development of 5G technology, which "at a minimum" will not be a share loss event over the next few years. The analyst further states that Verizon should also benefit from its "major $10B cost savings plan, stable capex spending, record low churn, and the benefit of tax reform".
LKM Link Motion
$1.09

-0.015 (-1.36%)

DOX Amdocs
$64.50

-0.32 (-0.49%)

09/18/17
OPCO
09/18/17
NO CHANGE
Target $77
OPCO
Outperform
Amdocs price target raised to $77 from $70 at Oppenheimer
Oppenheimer analyst Shaul Eyal raised his price target for Amdocs to $77 from $70 given his rising confidence in its outlook and product portfolio. The analyst reiterates an Outperform rating on the shares.
03/19/18
JEFF
03/19/18
UPGRADE
Target $82
JEFF
Buy
Amdocs upgraded to Buy from Hold at Jefferies
Jefferies analyst Ramsey El-Assal upgraded Amdocs (DOX) to Buy and raised his price target for the shares to $82 from $70. Past mergers suggest that the AT&T (T) spend slowdown related to its acquisition of Time Warner (TWX) is only temporary, El-Assal tells investors in a research note. He believes a recovery is "on the horizon regardless of whether the merger is approved or not." The analyst sees upside to fiscal 2019 estimates for Amdocs.
09/19/17
JPMS
09/19/17
NO CHANGE
JPMS
Neutral
JPMorgan talks Amdocs after report of Sprint, T-Mobile deal talks
The potential merger between Sprint (S) and T-Mobile (TMUS) creates "intriguing moving parts" for Amdocs (DOX), JPMorgan analyst Jackson Ader tells investors in a research note following David Faber's report that the merger talks are progressing. The analyst estimates the impact of a deal would be smaller than the AT&T's (T) acquisition of DirecTV. A Sprint, T-Mobile deal could create some short-term financial disruption as discretionary projects that both or either carrier had in the works would likely be put on hold, Ader contends. He believes, however, that the timeline of any negative impact would not likely be felt until fiscal 2019. The analyst has a Neutral rating on Amdocs.
04/30/18
JPMS
04/30/18
NO CHANGE
JPMS
Neutral
JPMorgan sees near-term waves, long-term potential for Amdocs from Sprint deal
JPMorgan analyst Jackson Ader noted that Sprint (S) is a "much larger customer" of Amdocs (DOX) than T-Mobile is and he sees the balance of power in the combined company as a slight net negative for Amdocs. While he would expect short-term disruption to certain discretionary projects, he also notes that Amdocs has a relationship with both and "could easily come out the next 12-24 months in a better position," Ader tells investors. Though synergies is "never a good word for vendors," Ader thinks the move to a 5G network could create additional project and revenue opportunities, he added. He maintains a Neutral rating on Amdocs shares.
EGHT 8x8, Inc.
$21.80

0.65 (3.07%)

07/11/18
STFL
07/11/18
INITIATION
Target $25
STFL
Buy
8x8, Inc. initiated with a Buy at Stifel
Stifel analyst Matthew Van Vliet initiated 8x8 with a Buy rating and a price target of $25, saying the company is positioned as a technology leader in cloud communications as a service industry and continues to invest heavily. The analyst adds that its enterprise-grade offerings to businesses of all sizes provide best-in-class communications services in the cloud, noting that the company's management team is now in place to drive increasing enterprise and mid-market penetration.
05/25/18
BOFA
05/25/18
DOWNGRADE
Target $23
BOFA
Neutral
8x8, Inc. downgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill downgraded 8x8, Inc. to Neutral from Buy and raised its price target to $23 from $22. Analyst Nikolay Beliov said 8x8, Inc. reported a Q4 revenue beat but missed on margins again due to increased investment. The company expects to increase FY19 headcount by 30%, which should help FY20 sales, the analyst wrote. Beliov wants to see new sales capacity and new product packaging materially drive sales and efficiency before becoming more constructive on shares.
05/25/18
05/25/18
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. Ultra Petroleum (UPL) downgraded to Hold from Buy at Stifel analyst Michael Scialla saying that supply growth appears set to outpace incremental demand from LNG exports, Mexican exports, and industrial sources. 2. Zoe's Kitchen (ZOES) downgraded to Market Perform from Outperform at William Blair, to Hold from Buy at Maxim, and to Underweight from Neutral at Piper Jaffray. 3. Roche (RHHBY) downgraded to Underperform from Neutral at Credit Suisse. 4. 8x8, Inc. (EGHT) downgraded to Neutral from Buy at BofA/Merrill with analyst Nikolay Beliov saying 8x8, Inc. reported a Q4 revenue beat but missed on margins again due to increased investment. 5. First Cash Financial (FCFS) downgraded to Neutral from Outperform at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/25/18
BARD
05/25/18
NO CHANGE
Target $24
BARD
Outperform
8x8, Inc. weakness a buying opportunity, says Baird
Baird analyst William Power said any weakness in 8x8, Inc. following Q4 results is a buying opportunity. The analyst said results were solid, the guidance was in-line, its enterprise data was positive, and its valuation is below peers. Power reiterated his Outperform rating and raised his price target to $24 from $21 on 8x8 shares.
RHT Red Hat
$142.34

-0.47 (-0.33%)

06/22/18
WBLR
06/22/18
NO CHANGE
WBLR
Outperform
Red Hat shares will now be in holding pattern, says William Blair
William Blair analyst Jason Ader believes shares of Red Hat will be in a "holding pattern for a while" after the company disappointed investors with weak billings growth in Q1. The stock was priced for perfection ahead of the earnings call, and now there is some uncertainty on the duration of the app development transition, Ader tells investors in a post-earnings research note. However, he continues to recommend the shares with an Outperform rating. The analyst still has confidence in Red Hat's "expanding market opportunity and unique positioning as a 100% open source, hybrid cloud leader."
07/24/18
KEYB
07/24/18
NO CHANGE
KEYB
Google on-premise GKE offering a competitor to Pivotal, Red Hat, says KeyBanc
After Google (GOOGL) announced that its new Cloud Services Platform will include a Google Kubernetes Engine, or GKE, that can be run on-premise, KeyBanc analyst Alex Kurtz said the offering creates a new participant in the container management/PaaS market. However, he still sees Red Hat (RHT) and Pivotal Software (PVTL) being well-positioned given their well-established PaaS go-to-market strategies, Kurtz added.
07/16/18
BOFA
07/16/18
NO CHANGE
Target $190
BOFA
Buy
VMware price target raised to $190 from $161 at BofA/Merrill
BofA/Merrill analyst Kash Rangan raised his price target on VMware (VMW) to $190 and kept his Buy rating, citing his "increased confidence in sustained mid-teens billings growth" as well as its better operating margins of 32% relative to 24% at competitor Red Hat (RHT). Rangan says that the reverse merger at Dell removes the overhang on VMware shares and should increase its valuation multiple in the long term. The analyst also states that his new valuation on the company implies a multiple of 19-times enterprise value to expected FY19 free cash flow, which is still a 15% discount to Red Hat's 22-times because of its slightly lower billings growth, but adds that VMware is still cheaper than Citrix (CTXS) in spite of its faster revenue growth.
07/16/18
RBCM
07/16/18
NO CHANGE
Target $177
RBCM
Outperform
Red Hat middleware issues are 'temporary', says RBC Capital
RBC Capital analyst Matthew Hedberg kept his Outperform rating and $177 price target on Red Hat, saying his recent meetings with the management in Europe suggest that the "JBoss middleware issues are a temporary air pocket that may take several quarters to resolve but is embedded in guidance". The analyst maintains his bullish view on Red Had as a "disruptive force in hybrid-compute", and expects customers to "deploy more workload in the public cloud and/or OpenShift" to consume more middleware capacity, similar to its Red Hat Enterprise Linux offering.
AKAM Akamai
$75.66

0.34 (0.45%)

06/27/18
RILY
06/27/18
NO CHANGE
Target $99
RILY
Buy
Akamai's guidance cut reflects strong ramp in USD, says B. Riley FBR
B. Riley FBR analyst Sameet Sinha reiterated a Buy rating and $99 price target on Akamai Technologies following the company's Annual Investor Summit on Tuesday. In a research note to investors, Sinha said he believes that management's tone at the summit was more "proactive" this year vs. last year, with a focus on cross selling and bundling, better go-to-market and DevOps, which should drive faster growth and reduce the volatility in revenue growth. However, Sinha notes a "cloud looming over shares" as management tweaked guidance to reflect a strong ramp in the USD, but says management-controllable items like efforts to cut costs and garner traffic growth remain on track.
08/01/18
DBAB
08/01/18
DOWNGRADE
Target $80
DBAB
Hold
Akamai downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Vijay Bhagavath downgraded Akamai Technologies to Hold and lowered his price target for the shares to $80 from $90. The analyst reduced his estimates following Akamai's Q2 results and cites fundamentals for the downgrade. He believes the stock will be range-bound given the lack of margin and sales catalysts into fiscal 2019.
07/20/18
PIPR
07/20/18
NO CHANGE
Target $89
PIPR
Overweight
Akamai price target raised to $89 from $80 at Piper Jaffray
Piper Jaffray analyst James Fish raised his price target for Akamai Technologies to $89 after taking over coverage of the name. The analyst believes Akamai is in a "perfect position around key market trends" and that its margins have "room to go higher than expected." Fish reiterates an Overweight rating on the shares.
08/01/18
MKMP
08/01/18
NO CHANGE
Target $91
MKMP
Buy
Akamai pullback a buying opportunity, says MKM Partners
MKM Partners analyst Rob Sanderson kept his Buy rating and $91 price target on Akamai after its Q2 results, saying the pullback in the stock price from lower Q3 outlook may be a buying opportunity. Sanderson notes that the company's investment story remains intact with a lengthy opportunity for continued growth, also pointing to its operating expense efficiency, traction of new products, positive traffic trends, and stock buyback program.
FFIV F5 Networks
$176.66

1.17 (0.67%)

07/19/18
07/19/18
DOWNGRADE
Target $130

Underweight
Morgan Stanley sees risk to F5 Networks estimates, downgrades to Underweight
As previously reported, Morgan Stanley analyst James Faucette downgraded F5 Networks to Underweight from Equal Weight after his survey of Value Added Resellers pointed to a continued deceleration in F5 sales over the near-term and declining sales next year. His channel checks suggest an in-line June quarter, but the firm's surveys have typically been a one to two quarter leading indicator on F5 growth, said Faucette. He notes consensus estimates give credit to management's guidance for "low-to-mid single digit" growth, but he sees that as at risk given his survey findings. Faucette keeps a $130 price target on F5 Networks shares.
07/05/18
JPMS
07/05/18
NO CHANGE
Target $211
JPMS
Overweight
F5 Networks down nearly 5% from 52-week high, says JPMorgan
Shares of F5 Networks are down 4.7% from their 52-week high on June 15 reflecting concerns that include, in-part, a "misunderstood impact of growth" of public cloud on the company and the use of less appropriate valuation metrics like price-to-earnings, which underappreciate the company's cash flow generation, JPMorgan analyst Samik Chatterjee tells investors in a research note after speaking to investors. In contrast to the largest bear case, which underscores a lower content opportunity for F5 on workloads hosted on the public cloud, the company's virtual ADC products have gained at a 37% annual growth rate over the last two years relative to 18% for the industry, the analyst contends. He reiterates an Overweight rating on F5 with a $211 price target.
07/26/18
MKMP
07/26/18
NO CHANGE
Target $178
MKMP
Neutral
F5 Networks price target raised to $178 from $167 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on F5 Networks to $178 and kept his Neutral rating, saying the company's Q3 earnings beat was modest on "below the line" items, while the outlook for Q4 was also in line on revenues and gross margins. The analyst believes that the stock price could consolidate, as an "in line" report for F5 is not likely to sustain the recent strong upside momentum. Genovese further notes that while Q3 government sales for the company were strong, its Telco and Enterprise performance was "not as good".
07/19/18
MSCO
07/19/18
DOWNGRADE
MSCO
Underweight
F5 Networks downgraded to Underweight from Equal Weight at Morgan Stanley
BWA BorgWarner
$46.36

0.75 (1.64%)

07/18/18
WELS
07/18/18
UPGRADE
Target $56
WELS
Outperform
BorgWarner upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Richard Kwas upgraded BorgWarner to Outperform while lowering his price target for the shares to $56 from $57.
07/18/18
WELS
07/18/18
UPGRADE
Target $56
WELS
Outperform
BorgWarner upgraded to Outperform on upside potential at Wells Fargo
As previously reported, Wells Fargo analyst Richard Kwas upgraded BorgWarner to Outperform from Market Perform as he sees limited share price downside risk and disproportionate upside potential from the current share price. The company will host an investor day in mid-September, which he thinks could be a positive catalyst. Specifically, the analyst believes BorgWarner will increase its estimates for hybrid and electric content per vehicle and outline more robust growth potential from vehicle electrification. Kwas also trimmed his price target on the shares to $56 from $57.
07/18/18
07/18/18
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. Comerica (CMA) upgraded to Outperform from In Line at Evercore ISI with analyst John Pancari saying he expects earnings growth to outpace peers while returns continue to strengthen, supported by a favorable positioning for higher short-term rates, ongoing efficiency improvement, and intact credit. 2. BorgWarner (BWA) upgraded to Outperform from Market Perform at Wells Fargo with analyst Richard Kwas saying he sees limited share price downside risk and disproportionate upside potential from the current share price. 3. Avon Products (AVP) upgraded to Hold from Underperform at Jefferies with analyst Stephanie Wissink saying she believes shares of Avon are close to fair value. 4. Sunoco (SUN) upgraded to Hold from Underperform at Jefferies with analyst Christopher Sighinolfi saying while he still expects a 30% distribution cut and "equity needs" resulting from elevated leverage, he no longer sees "sufficient downside" with the shares down 10% since early April. 5. CSX (CSX) upgraded to Buy from Hold at Loop Capital with analyst Rick Paterson saying CSX is making "continued progress on the adoption of its scheduled operating model," delivering an operating ratio of 59.8% in Q2 vs. 64.7% last year. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, Reference Link
07/23/18
OPCO
07/23/18
NO CHANGE
Target $58
OPCO
Outperform
BorgWarner price target lowered to $58 from $63 at Oppenheimer
Oppenheimer analyst Colin Rusch lowered his price target for BorgWarner to $58 from $63 on a lower valuation multiple. The analyst reiterates an Outperform rating on the shares.
IO ION Geophysical
$17.00

-0.125 (-0.73%)

05/29/18
05/29/18
NO CHANGE
Target $35

Buy
Janney Capital says ION Geophysical shares still cheap, starts at Buy
As previously reported, Janney Capital analyst Akil Marsh started ION Geophysical with a Buy rating and $35 fair value estimate, contending that the stock's valuation is still cheap despite shares having risen considerably over the last year. ION is well positioned to benefit from rising offshore seismic spending and the current share price gives little credit for future Ocean Bottom Seismic revenue, long-term diversification and continued debt reduction, Marsh tells investors.
03/29/18
OPCO
03/29/18
INITIATION
Target $35
OPCO
Outperform
ION Geophysical initiated with an Outperform at Oppenheimer
Oppenheimer analyst Colin Rusch started ION Geophysical with an Outperform rating and $35 price target saying he sees it as a leading technology and map provider in the seismic and marine asset management industries that is positioned for market share gains and mix improvements in the offshore drilling space.
08/03/18
OPCO
08/03/18
NO CHANGE
Target $26
OPCO
Outperform
ION Geophysical price target cut to $26 from $35 at Oppenheimer
Oppenheimer analyst Colin Rusch maintained an Outperform rating on ION Geophysical, but lowered his price target to $26 based on 6.0x EV/EBITDA his 2019E EBITDA of $79. ION currently trades at about 50% below peer averages, but believes it should trade at a lower discount given improving market fundamentals, as well as its strong position and growth opportunities in seismic software and data processing.
05/29/18
JANY
05/29/18
INITIATION
Target $35
JANY
Buy
ION Geophysical initiated with a Buy at Janney Capital
Janney Capital analyst Akil Marsh started ION Geophysical with a Buy rating and $35 fair value estimate.
STM STMicroelectronics
$22.15

0.075 (0.34%)

05/16/18
STFL
05/16/18
DOWNGRADE
STFL
Hold
STMicroelectronics downgraded to Hold from Buy at Stifel
01/25/18
DBAB
01/25/18
NO CHANGE
Target $45
DBAB
Buy
Read-through from STMicroelectronics earnings positive for Cree, says Deutsche Bank
Deutsche Bank analyst Vishal Shah notes that STMicroelectronics (STM) announced earnings, highlighting some significant opportunities for Silicon Carbide, specifically in EVs. The analyst believes that management's comments on the call about increasing SiC device capacity to meet strong customer demand for SiC is also positive for Cree's (CREE) SiC power device segment. Further, Shah sees upside to current estimates resulting from stronger than expected demand for SiC in EVs, as highlighted during both companies' earnings calls. He reiterates a Buy rating and $45 price target on Cree's shares.
01/17/18
SOCG
01/17/18
INITIATION
SOCG
Buy
STMicroelectronics initiated with a Buy at Societe Generale
07/10/18
CHLM
07/10/18
NO CHANGE
Target $30
CHLM
Buy
Possible eSim win with Apple coming for STMicroelectronics, says Craig-Hallum
Craig-Hallum analyst Anthony Stoss believes STMicroelectronics (STM) may have won a slot for its new eSIM combo chip in the upcoming new Apple (AAPL) iPhones to be launched this fall. Based on his checks, the analyst thinks it is likely that Apple will move to eSIM technology, though Apple could change that decision and keep carrier specific SIM cards. STMicroelectronics would be potentially knocking out NXP Semiconductors (NXPI) as the NFC supplier to Apple. Moreover, Stoss thinks STMicroelectronics continues to win new business at a "phenomenal pace," with several new high-volume wins still underappreciated by the Street. He reiterates a Buy rating and $30 price target on STMicroelectronics shares.
TEAM Atlassian
$75.96

0.39 (0.52%)

07/27/18
JEFF
07/27/18
NO CHANGE
Target $70
JEFF
Hold
Atlassian price target raised to $70 from $64 at Jefferies
Jefferies analyst John DiFucci raised his price target for Atlassian to $70 saying the company reported "strong" Q4 results and issued guidance above consensus expectations. While financial details of the partnership with Slack "were sparse," the close integration of a "workflow management juggernaut and business communications leader" makes sense, DiFucci tells investors in a research note. The analyst keeps a Hold rating on the shares.
07/27/18
ADAM
07/27/18
NO CHANGE
Target $85
ADAM
Buy
Atlassian price target raised to $85 from $65 at Canaccord
Canaccord analyst Richard Davis raised his price target on Atlassian to $85 from $65 following solid Q2 results. He noted the company raised its guidance and posted "best in class" growth and margins metrics. He said the shares are at the high end of an attractive range, but he believes the results could embolden investors to push the shares higher by as much as 10-15% over the next 12 months. Davis reiterated his Buy rating on Atlassian.
07/27/18
BMOC
07/27/18
NO CHANGE
Target $82
BMOC
Market Perform
Atlassian price target raised to $82 from $64 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Atlassian to $82 after its Q4 results showed an 11% sequential increase in billings and a gross margin expansion of 55bps. The analyst also keeps his Market Perform rating, noting that its high valuation that kept him from taking a more constructive stance is "deserved". Backman adds that he would prefer to have a deeper understanding of the more integrated relationship with Slack that was also announced yesterday.
07/27/18
DADA
07/27/18
NO CHANGE
Target $88
DADA
Buy
Atlassian price target raised to $88 from $74 at DA Davidson
DA Davidson analyst Rishi Jaluria raised his price target on Atlassian to $88 and kept his Buy rating after its "strong and eventful" quarter that saw revenues rise 40%, sending the stock price up 15% in the aftermarket. The analyst cites the company's higher than expected customer additions and its higher revenue per customer metrics.
INST Instructure
$38.70

-0.6 (-1.53%)

07/16/18
SBSH
07/16/18
INITIATION
Target $55
SBSH
Buy
Citi starts Instructure with a Buy rating, $55 price target
Citi analyst Nithin Pejaver initiated coverage of Instructure with a Buy rating and $55 price target. The company is a leading provider of learning management systems to education institutions in the U.S., Pejaver tells investors in a research note. He believes the company's diversification into corporate talent management and international expansion are likely to drive 25%-plus annual revenue growth over the medium-term.
07/19/18
MACQ
07/19/18
DOWNGRADE
MACQ
Neutral
Instructure downgraded to Neutral from Outperform at Macquarie
07/31/18
OPCO
07/31/18
DOWNGRADE
OPCO
Perform
Instructure downgraded to Perform from Outperform at Oppenheimer
07/31/18
07/31/18
DOWNGRADE

Perform
Instructure downgraded to Perform on lack of catalysts, valuation at Oppenheimer
As previously reported, Oppenheimer analyst Brian Schwartz downgraded Instructure to Perform from Outperform as he sees valuation support near current price. Furthermore, the analyst also sees a lack of near-term catalysts, and uncertainty on the medium-term growth and profits profile.

TODAY'S FREE FLY STORIES

SAIL

SailPoint

$24.30

-1.24 (-4.86%)

20:39
11/12/18
11/12
20:39
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20:39
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SailPoint rating change at Goldman Sachs »

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ALB

Albemarle

$98.05

-4.35 (-4.25%)

20:32
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Periodicals
Breaking Periodicals news story on Albemarle »

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KORS

Michael Kors

$47.75

-0.04 (-0.08%)

20:30
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20:30
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Michael Kors initiated at Macquarie »

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TPR

Tapestry

$41.28

-0.71 (-1.69%)

20:29
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Initiation
Tapestry initiated at Macquarie »

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  • 19

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AMZN

Amazon.com

$1,636.70

-75.73 (-4.42%)

20:26
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20:26
Hot Stocks
Amazon.com launches 2nd GovCloud region in the U.S. »

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FHN

First Horizon

$16.09

-0.22 (-1.35%)

20:08
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20:08
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TI

Telecom Italia

$6.01

0.09 (1.52%)

20:04
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Periodicals
Telecom Italia board to meet on Tuesday to consider CEO ouster, Bloomberg says »

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CVX

Chevron

$117.47

-2.065 (-1.73%)

, COP

ConocoPhillips

$65.20

-1.54 (-2.31%)

19:58
11/12/18
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19:58
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19:58
Periodicals
Exxon Mobil, Chevron, Conoco considering bid for Endeavor Energy, Bloomberg says »

Chevron (CVX_, Exxon…

CVX

Chevron

$117.47

-2.065 (-1.73%)

COP

ConocoPhillips

$65.20

-1.54 (-2.31%)

XOM

Exxon Mobil

$79.87

-1.01 (-1.25%)

RDS.A

Royal Dutch Shell

$62.16

-0.84 (-1.33%)

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ATTO

Atento

$5.96

0.075 (1.28%)

19:00
11/12/18
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19:00
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19:00
Earnings
Atento reports Q3 recurring EPS 25c, consensus 20c »

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VKTX

Viking Therapeutics

$11.73

-0.605 (-4.91%)

18:57
11/12/18
11/12
18:57
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18:57
Hot Stocks
Viking Therapeutics says VK2809 study achieves primary, secondary endpoints »

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  • 13

    Nov

KEX

Kirby

$74.20

-1.83 (-2.41%)

18:31
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18:31
Hot Stocks
Kirby to acquire CGBM's inland tank barge fleet, terms not disclosed »

Kirby announced the…

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  • 20

    Nov

HUYA

Huya

$18.50

-0.5 (-2.63%)

, MFIN

Medallion Financial

$6.80

-0.23 (-3.27%)

18:31
11/12/18
11/12
18:31
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18:31
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Huya…

HUYA

Huya

$18.50

-0.5 (-2.63%)

MFIN

Medallion Financial

$6.80

-0.23 (-3.27%)

EB

Eventbrite

$30.90

-1.6 (-4.92%)

YRD

Yirendai

$15.47

-1.75 (-10.16%)

KRNT

Kornit Digital

$19.15

-0.88 (-4.39%)

MHLD

Maiden Holdings

$2.40

-1.12 (-31.82%)

SAGE

Sage Therapeutics

$121.50

-9.46 (-7.22%)

03/08/13
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OMAB

OMA Airports

$40.18

0.41 (1.03%)

18:18
11/12/18
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18:18
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18:18
Hot Stocks
OMA Airports names Ricardo Duenas as new CEO »

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TEUM

Pareteum

$2.13

-0.09 (-4.05%)

, IPAS

iPass

$1.14

(0.00%)

18:03
11/12/18
11/12
18:03
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18:03
Hot Stocks
Pareteum to acquire iPass in all-stock transaction »

Pareteum (TEUM) and iPass…

TEUM

Pareteum

$2.13

-0.09 (-4.05%)

IPAS

iPass

$1.14

(0.00%)

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  • 14

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NINE

Nine Energy Services

$33.58

-1.6 (-4.55%)

18:01
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Earnings
Nine Energy Service reports Q3 EPS 56c, consensus 56c »

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TEUM

Pareteum

$2.13

-0.09 (-4.05%)

, IPAS

iPass

$1.14

(0.00%)

18:00
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18:00
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18:00
Hot Stocks
Breaking Hot Stocks news story on Pareteum, iPass »

Pareteum to acquire iPass…

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Pareteum

$2.13

-0.09 (-4.05%)

IPAS

iPass

$1.14

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  • 14

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BMWYY

BMW

$0.00

(0.00%)

17:57
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17:57
Periodicals
BMW in talks to sell branded credit-card unit, Bloomberg says »

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NVDA

Nvidia

$189.37

-16.25 (-7.90%)

17:54
11/12/18
11/12
17:54
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17:54
Hot Stocks
Nvidia reports record adoption of new Turing T4 GPU »

Nvidia announced that the…

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  • 15

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GLD

SPDR Gold Trust

$113.66

-0.82 (-0.72%)

17:51
11/12/18
11/12
17:51
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17:51
Hot Stocks
SPDR Gold Trust holdings rise to 762.00MT from 755.23MT »

This is the highest level…

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TSLA

Tesla

$331.15

-19.54 (-5.57%)

17:45
11/12/18
11/12
17:45
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Periodicals
Tesla legal executive with regulatory experience leaving, Bloomberg says »

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HUYA

Huya

$18.50

-0.5 (-2.63%)

17:34
11/12/18
11/12
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Hot Stocks
Huya reports Q3 average mobile MAUs 49.4M, up 28.2% from last year »

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  • 12

    Nov

VLKAY

Volkswagen

$0.00

(0.00%)

, DDAIF

Daimler AG

$0.00

(0.00%)

17:34
11/12/18
11/12
17:34
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17:34
Periodicals
Trump close to auto tariffs in a move that may have 'massive' fallout, BI says »

According to Business…

VLKAY

Volkswagen

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$115.48

-1.83 (-1.56%)

F

Ford

$9.49

0.11 (1.17%)

HMC

Honda

$28.16

-0.34 (-1.19%)

GM

General Motors

$35.71

0.01 (0.03%)

FCAU

Fiat Chrysler

$15.78

-0.48 (-2.95%)

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MPVD

Mountain Province Diamonds

$1.42

-0.03 (-2.07%)

17:32
11/12/18
11/12
17:32
11/12/18
17:32
Earnings
Mountain Province Diamonds reports Q3 EPS 8c, one estimate 6c »

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  • 13

    Nov

HUYA

Huya

$18.50

-0.5 (-2.63%)

17:32
11/12/18
11/12
17:32
11/12/18
17:32
Earnings
Breaking Earnings news story on Huya »

Huya sees Q4 revenue up…

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  • 12

    Nov

YY

YY

$61.39

-3.34 (-5.16%)

17:32
11/12/18
11/12
17:32
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17:32
Earnings
Breaking Earnings news story on YY »

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