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TSLA

Tesla

$360.13

18.16 (5.31%)

13:44
08/07/18
08/07
13:44
08/07/18
13:44

Tesla CEO Musk says he does not have controlling vote

Tesla CEO Elon Musk tweeted, "I don't have a controlling vote now & wouldn't expect any shareholder to have one if we go private. I won't be selling in either scenario." Musk was responding a question from Fred Lambert: "Morning, can you confirm if you would retain control over the company? It wouldn't be an outright sale?" Musk tweeted earlier that he was considering taking Tesla private at $420 per share and had funding secured.

  • 07

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TSLA Tesla
$360.13

18.16 (5.31%)

08/03/18
08/03/18
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. Tesla (TSLA) initiated with a Hold at Canaccord. 2. Universal Forest (UFPI) initiated with a Buy at Seaport Global. 3. Zafgen (ZFGN) initiated with an Outperform at Wedbush. 4. Entera Bio (ENTX) initiated with a Buy at Maxim. 5. Huya initiated with a Neutral at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/03/18
08/03/18
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. ALLERGAN UPGRADED TO BUY: Mizuho analyst Irina Koffler upgraded Allergan (AGN) to Buy from Neutral and raised her price target for the shares to $210 from $194. The analyst views Allergan's risk/reward more favorably following the company's "strong" beat and raise quarter and the delayed introduction of Restasis generics. Allergan is up 1.2% in late morning trading. NEEDHAM UPS TRIPADVISOR TO HOLD: Needham analyst Laura Martin upgraded TripAdvisor (TRIP) to Hold from Underperform, saying that while the company's pivot to competing as an online travel agent has failed, its focus to grow its non-hotel businesses is a "higher ROI idea". FLOOR & DECOR DOWNGRADED AT JPMORGAN, PIPER: JPMorgan analyst Christopher Horvers downgraded Floor & Decor (FND) to Neutral from Overweight and lowered his price target for the shares to $45 from $59. The "story shift" taking place is likely to keep the shares in "purgatory," Horvers said following the company's Q2 results. Piper Jaffray analyst Peter Keith also downgraded Floor & Decor to Neutral and lowered his price target for the shares to $39 from $58. The analyst admitted his June upgrade of the stock was wrong following Floor & Decor's Q2 miss and guide down. Floor & Decor is down 6.4% in late morning trading. LUNA CUT TO MARKET PERFORM AT NORTHLAND: Northland analyst Tim Savageaux downgraded Luna Innovations (LUNA) to Market Perform from Outperform as he sees the shares reflecting the value of the "well executed" sale of the Opto Solutions unit at current levels. CANACCORD INITIATES TESLA WITH A HOLD: Canaccord analyst Jed Dorsheimer initiated Tesla (TSLA) with a Hold rating as he sees several risks around the company's financing, cash burn, and general maturity in the industry. Catalysts that could de-risk the shares include shifts in corporate governance, consistent production, and "a CEO who is not working 120 hours per week to hold things together," said Dorsheimer, who set a $336 price target on Tesla shares. BWS SAYS ARLO IPO ESTABLISHES VALUATION CASE FOR NETGEAR: BWS Financial analyst Hamed Khorsand said the pricing of Arlo Technologies' (ARLO) IPO establishes a valuation case for Netgear (NTGR). The analyst believes the IPO pricing gives some context to what Netgear's stake is worth and affirms his sum-of-parts reasoning for owning Netgear shares. He kept a Buy rating on the stock with a $64.50 price target.
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).
08/07/18
MSCO
08/07/18
NO CHANGE
Target $291
MSCO
Equal Weight
Morgan Stanley questions if time to 'fade the bounce' in Tesla
Morgan Stanley analyst Adam Jonas raised his Q3 Model 3 delivery volume forecast to the low end of Tesla's guidance, up from 33,600 to 50,400, which he notes represents a 50% hike. For 2019, he raised his Model 3 delivery forecast to 312,000 from 260,000 as he now assumes 6,000 per week for the year. However, he thinks the stock may struggle to sustain the "sharply higher" expectations following Tesla's stronger than expected Q2 report. Despite his adjustments, Jonas left his price target unchanged at $291 and reiterates his Equal Weight rating in a note to investors titled "Expectations High Again: Time to Fade the Bounce?"

TODAY'S FREE FLY STORIES

GOOG

Alphabet

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-6.63 (-0.59%)

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Alphabet Class A

$1,117.00

-8.17 (-0.73%)

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Alphabet's Sidewalk Labs meets resistance over Toronto plans, WSJ reports »

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LEN

Lennar

$51.41

0.09 (0.18%)

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Lennar reports Q2 EPS $1.30, consensus $1.14 »

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BAS

Basic Energy

$2.43

-0.21 (-7.95%)

06:07
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Downgrade
Basic Energy rating change  »

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FTSI

FTS International

$5.77

-0.5 (-7.97%)

06:06
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Downgrade
FTS International rating change  »

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IMRN

Immuron

$3.00

-0.09 (-2.91%)

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Immuron Directors increase shareholdings in the company »

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USWS

U.S. Well Services

$5.18

-0.38 (-6.83%)

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U.S. Well Services signs agreement with AmeriMex Motor & Controls »

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AMCR

Amcor

$11.14

0.12 (1.09%)

06:03
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Hot Stocks
Amcor enters into $394M agreement for sale of three flexible packaging plants »

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EQT

EQT Corporation

$15.38

0.15 (0.98%)

06:03
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Rice Team urges EQT Corporation shareholders to vote for Rice Team nominees »

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  • 10

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PLL

Piedmont Lithium

$11.50

(0.00%)

06:03
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Piedmont Lithium announces 47% increase in Piedmont mineral resource estimate »

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GEN

Genesis Healthcare

$1.23

0.01 (0.82%)

06:03
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Periodicals
HUD-backed nursing homes have 'serious deficiencies,' NY Times reports »

Dozens of nursing homes…

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  • 13

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VKTX

Viking Therapeutics

$7.94

-0.07 (-0.87%)

06:02
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Initiation
Viking Therapeutics initiated  »

Viking Therapeutics…

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  • 25

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CTRP

Ctrip

$36.43

0.37 (1.03%)

06:00
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Hot Stocks
Ctrip enters strategic partnership with Tourism Fiji »

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MDGL

Madrigal Pharmaceuticals

$101.39

-3.73 (-3.55%)

, VKTX

Viking Therapeutics

$7.94

-0.07 (-0.87%)

05:58
06/25/19
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05:58
Initiation
Madrigal Pharmaceuticals, Viking Therapeutics, Genfit initiated  »

Madrigal Pharmaceuticals…

MDGL

Madrigal Pharmaceuticals

$101.39

-3.73 (-3.55%)

VKTX

Viking Therapeutics

$7.94

-0.07 (-0.87%)

GNFT

Genfit

$20.19

-0.02 (-0.10%)

03/08/13
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03/06/13
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  • 25

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RGEN

Repligen

$81.92

-1.09 (-1.31%)

05:55
06/25/19
06/25
05:55
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05:55
Conference/Events
Repligen management to meet with Stephens »

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NRCG

NRC Group

$11.04

2.23 (25.31%)

, ECOL

US Ecology

$57.37

-5.38 (-8.57%)

05:54
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Downgrade
NRC Group, US Ecology rating change  »

NRC Group downgraded to…

NRCG

NRC Group

$11.04

2.23 (25.31%)

ECOL

US Ecology

$57.37

-5.38 (-8.57%)

03/08/13
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XHR

Xenia Hotels

$20.41

-0.55 (-2.62%)

05:45
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Initiation
Xenia Hotels initiated  »

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ARCE

Arco Platform

$43.38

-2.35 (-5.14%)

05:41
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Initiation
Arco Platform initiated  »

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AGN

Allergan

$129.65

-1.32 (-1.01%)

, EOLS

Evolus

$13.69

0.13 (0.96%)

05:40
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05:40
Recommendations
Allergan, Evolus analyst commentary at Mizuho »

Allergan price target…

AGN

Allergan

$129.65

-1.32 (-1.01%)

EOLS

Evolus

$13.69

0.13 (0.96%)

03/08/13
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  • 25

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QSR

Restaurant Brands

05:39
06/25/19
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Initiation
Restaurant Brands initiated  »

Restaurant Brands…

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SBUX

Starbucks

$83.65

-0.16 (-0.19%)

05:39
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Initiation
Starbucks initiated  »

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  • 25

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DPZ

Domino's Pizza

05:39
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05:39
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Initiation
Domino's Pizza initiated  »

Domino's Pizza…

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  • 16

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SHAK

Shake Shack

05:39
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05:39
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Initiation
Shake Shack initiated  »

Shake Shack initiated…

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  • 09

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    Aug

MCD

McDonald's

05:39
06/25/19
06/25
05:39
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05:39
Initiation
McDonald's initiated  »

McDonald's initiated…

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  • 26

    Jul

CMG

Chipotle

05:39
06/25/19
06/25
05:39
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05:39
Initiation
Chipotle initiated  »

Chipotle initiated with…

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  • 25

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  • 09

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PZZA

Papa John's

$44.13

-0.25 (-0.56%)

05:38
06/25/19
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Initiation
Papa John's initiated  »

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