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SHOP

Shopify

$141.67

-0.4 (-0.28%)

16:32
08/07/18
08/07
16:32
08/07/18
16:32

Shopify initiated with a Buy at Guggenheim

Guggenheim analyst Ken Wong started Shopify with a Buy rating and $180 price target.

SHOP Shopify
$141.67

-0.4 (-0.28%)

08/01/18
ROTH
08/01/18
NO CHANGE
Target $180
ROTH
Buy
Shopify price target lowered to $180 from $192 at Roth Capital
Roth Capital analyst Darren Aftahi lowered his price target for Shopify to $180 from $192, citing some metric deceleration despite Q2 beat and raise. The analyst reiterates a Buy rating on the shares.
08/01/18
08/01/18
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. Shopify (SHOP) downgraded to Neutral from Overweight at Piper Jaffray with analyst Michael Olson saying that Shopify's Q2 was "good, but not good enough" with monthly recurring revenue below investor expectations with a deceleration from 57% to 49% year-over-year growth between Q1 and Q2. 2. Horizon Technology (HRZN) downgraded to Sell from Neutral at Compass Point. 3. Brixmor (BRX) downgraded to Hold from Buy at Sandler O'Neill. 4. Cytokinetics (CYTK) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Matthew Harrison saying management attributed the delay to the availability and uptake of Radicava,a new treatment for ALS. 5. Incyte (INCY) downgraded to Market Perform from Outperform at JMP Securities with analyst Liisa Bayko saying Q2 results "did not disappoint," but she no longer thinks her prior assumption of 10% annual price increases on Jakafi is likely given the political environment and recent California transparency law. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/01/18
08/01/18
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 UPGRADES DROPBOX TO BUY: Jefferies analyst John DiFucci upgraded Dropbox (DBX) to Buy from Hold with an unchanged price target of $32. The analyst is not making a call on the Q2 results, which come on August 9. Rather, the upgrade is based "entirely on valuation," he stated. Dropbox is up 4.7% in late morning trading. JEFFERIES UPGRADES PAPA JOHN'S: Jefferies analyst Alexander Slagle upgraded Papa John's (PZZA) to Buy from Hold and raised his price target for the shares to $58 from $52. The stock, down 50% from highs, now reflects the likelihood that fundamentals will get worse before improving, Slagle said. After reviewing the company's potential path to recovery and possible strategic actions that could create shareholder value, the analyst has a bull case of $75 per share. He thinks this outweighs the bear case, or downside risk, of $35 per share. SAREPTA UPGRADED AFTER PULLBACK: Morgan Stanley analyst Matthew Harrison upgraded Sarepta Therapeutics (SRPT) to Overweight from Equal Weight, noting that the stock has given up much of the gains it saw when its initial DMD gene therapy data was announced. He sees the pullback as an opportunity to own the stock near pre-DMD gene therapy levels without taking the binary risk. He doesn't think a major bear case has emerged on the prospects for the company's DMD gene therapy program and he sees major catalysts in the second half of this year that he believes the market is missing. Harrison has a $163 price target on Sarepta shares. PIPER CUTS SHOPIFY TO NEUTRAL: Piper Jaffray analyst Michael Olson downgraded Shopify (SHOP) to Neutral from Overweight and lowered his price target to $145 from $155, saying that Shopify's Q2 was "good, but not good enough" with monthly recurring revenue below investor expectations. While Olson said Shopify is performing well, he believes their performance is mostly reflected in the stock's current valuation. PIPER RECOMMENDS BIOGEN AFTER MANAGEMENT MEETING: After hosting investor meetings with Biogen (BIIB) investor relations this week, Piper Jaffray analyst Christopher Raymond came away feeling like the "all-important" high-dose APOE4 subset analysis of the BAN2401 results "may be provided sooner than later." If shown to have little impact on the overall placebo-adjusted ADCOMS benefit, this should be an important event, Raymond said. Coupling this with "continued solid commercial momentum and a host of other value-enhancing catalysts," the analyst continues to like the risk/reward on Biogen. He kept an Overweight rating on shares with a $400 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).

TODAY'S FREE FLY STORIES

ADI

Analog Devices

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AAPL

Apple

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SWGAY

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DXCM

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$119.89

-1.34 (-1.11%)

, GOOG

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$1,026.00

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GOOGL

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JD

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JD.com 'Singles Day' fueled by illegal student labor, FT reports »

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BBY

Best Buy

$63.54

1.35 (2.17%)

06:26
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Best Buy rating change  »

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DE

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-4.04 (-2.83%)

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LOW

Lowe's

$86.15

-5.19 (-5.68%)

, HD

Home Depot

$169.17

-4.45 (-2.56%)

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LOW

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HD

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BJ

BJ's Wholesale

$19.85

-0.22 (-1.10%)

06:21
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DNSKY

Danske Bank

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Danske Bank faces money laundering lawsuit, FT reports »

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CMCO

Columbus McKinnon

$34.04

-0.56 (-1.62%)

06:21
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Conference/Events
Columbus McKinnon management to meet with Craig Hallum »

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  • 27

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DFS

Discover

$68.27

-1.315 (-1.89%)

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EMES

Emerge Energy

$2.73

0.03 (1.11%)

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DE

Deere

$138.49

-4.04 (-2.83%)

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CLGX

CoreLogic

$39.31

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DE

Deere

$138.49

-4.04 (-2.83%)

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DE

Deere

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NSANY

Nissan

$0.00

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Renault

$0.00

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MMTOF

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EIX

Edison International

$52.80

-1.21 (-2.24%)

06:13
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DE

Deere

$138.49

-4.04 (-2.83%)

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ALB

Albemarle

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DE

Deere

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CAL

Caleres

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FL

Foot Locker

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