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AAC

AAC Holdings

$8.70

-0.17 (-1.92%)

, ASGN

ASGN

$91.98

-0.1 (-0.11%)

08:41
08/09/18
08/09
08:41
08/09/18
08:41

Credit Suisse to hold a conference

2018 Small Mid Cap 1:1 Conference will be held in New York on August 9.

AAC

AAC Holdings

$8.70

-0.17 (-1.92%)

ASGN

ASGN

$91.98

-0.1 (-0.11%)

BXG

Bluegreen Vacations

$19.33

0.12 (0.62%)

CRC

California Resources

$34.34

-1.45 (-4.05%)

EFC

Ellington Financial

$16.43

0.05 (0.31%)

FET

Forum Energy

$12.35

-0.075 (-0.60%)

FSS

Federal Signal

$25.59

-2.245 (-8.07%)

GTT

GTT Communications

$34.10

-1.85 (-5.15%)

IDCC

InterDigital

$82.20

-0.65 (-0.78%)

IGT

International Game

$21.42

-0.77 (-3.47%)

TELL

Tellurian

$6.93

-0.34 (-4.68%)

SWM

Schweitzer-Mauduit

$40.60

-0.78 (-1.89%)

STRL

Sterling Construction

$15.36

-0.24 (-1.54%)

SGMS

Scientific Games

$33.45

-1.4 (-4.02%)

PAG

Penske Automotive

$51.44

-0.735 (-1.41%)

OSIS

OSI Systems

$79.89

0.07 (0.09%)

NEXT

NextDecade

$6.42

0.17 (2.72%)

WYND

Wyndham Destinations

$43.95

-1.74 (-3.81%)

NEWM

New Media

$15.98

0.19 (1.20%)

UBNT

Ubiquiti

$79.74

-1.47 (-1.81%)

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AAC AAC Holdings
$8.70

-0.17 (-1.92%)

11/03/17
RAJA
11/03/17
UPGRADE
RAJA
Outperform
AAC Holdings upgraded to Outperform from Market Perform at Raymond James
08/09/17
CANT
08/09/17
INITIATION
Target $11
CANT
Overweight
AAC Holdings initiated with an Overweight at Cantor
Cantor initiated AAC Holdings with an Overweight and an $11 price target.
08/10/17
08/10/17
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. Delta Air Lines (DAL) initiated with an Overweight at Barclays. 2. AAC Holdings (AAC) initiated with an Overweight at Cantor. 3. Capital One (COF) initiated with a Neutral at Compass Point. 4. Great Panther Silver (GPL) initiated with a Buy at Roth Capital. 5. Intelsat (I) reinstated 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.
ASGN ASGN
$91.98

-0.1 (-0.11%)

02/13/18
WBLR
02/13/18
NO CHANGE
WBLR
Budget proposals support positive view on Booz Allen, says William Blair
William Blair analyst Timothy McHugh says recent news about federal government budgets reinforce his positive view of Booz Allen (BAH) and mixed outlook for ICF International (ICFI). The spending caps passed by Congress and President Trump's proposed budget show a strong preference for increased Defense spending during the next few years, and there continues to be a clear focus on modernizing the government's IT system, McHugh tells investors in a research note. He believes Booz Allen remains the company best positioned to capitalize on this trend. These trends also bode well for On Assignment's (ASGN) pending acquisition of ECS, the analyst adds. He adds that the spending environment at civilian government agencies looks uncertain at this point, with his projections assuming 0%-2% growth in ICF's federal business. McHugh also believes General Dynamics' (GD) acquisition of CSRA (CSRA) provides valuation support for companies in the group.
04/26/18
BMOC
04/26/18
NO CHANGE
Target $94
BMOC
Outperform
On Assignment price target lowered to $94 from $101 at BMO Capital
BMO Capital analyst Jeffrey Silber lowered his price target for On Assignment to $94, saying his prior forecasts may have been overly aggressive following the company's FY18 updated outlook. The analyst also keeps his Outperform rating after a Q1 earnings beat on "solid" revenues and margins from the company's Apex and Oxford business lines. Silber points to accelerating 9.2% same-day revenue growth and expanding EBITDA margins on improving bill-to-pay spreads.
04/02/18
WELS
04/02/18
NO CHANGE
Target $92
WELS
Outperform
On Assignment price target raised to $92 from $85 at Wells Fargo
Wells Fargo analyst Edward Caso raised his price target for On Assignment to $92 from $85 on federal coattails. The analyst reiterates an Outperform rating on the shares.
02/01/18
BMOC
02/01/18
NO CHANGE
Target $82
BMOC
Outperform
On Assignment price target raised to $82 from $73 at BMO Capital
BMO Capital analyst Jeffrey Silber raised his price target on On Assignment to $82 and kept his Outperform rating after the company's ECS Federal acquisition. Silber says On Assignment has a "good track record" of acquiring well-run private companies, and this deal fits that mold, expanding the company's total addressable market and providing more visibility on performance with a "less cyclical business".
BXG Bluegreen Vacations
$19.33

0.12 (0.62%)

08/03/18
RHCO
08/03/18
DOWNGRADE
Target $24
RHCO
Hold
Bluegreen Vacations downgraded to Hold at SunTrust on soft earnings
As reported earlier, SunTrust analyst C. Patrick Scholes downgraded Bluegreen Vacations to Hold from Buy and kept his $24 price target. The analyst points to lower than expected Q2 earnings driven by "tough cost of VOI sales comp and corporate costs". Scholes also notes that the valuation for Bluegreen Vacations is "materially" above its peer group after the stock price nearly doubled since its IPO last November.
08/02/18
08/02/18
NO CHANGE

Bluegreen Vacations reports Q2 EPS 36c, consensus 38c
Reports Q2 revenue $194.94M, consensus $205.23M.
08/03/18
RHCO
08/03/18
DOWNGRADE
RHCO
Hold
Bluegreen Vacations downgraded to Hold from Buy at SunTrust
05/18/18
FBCO
05/18/18
INITIATION
Target $22
FBCO
Neutral
Bluegreen Vacations initiated with a Neutral at Credit Suisse
Credit Suisse analyst Cameron McKnight initiated Bluegreen Vacations with a Neutral rating and $22 price target, telling investors in a research note that while he likes the Bluegreen story and sees several unique growth drivers, he is Neutral based on relative valuation.
CRC California Resources
$34.34

-1.45 (-4.05%)

02/09/18
SOCG
02/09/18
UPGRADE
SOCG
Buy
California Resources upgraded to Buy from Hold at Societe Generale
04/26/18
SOCG
04/26/18
DOWNGRADE
SOCG
Hold
California Resources downgraded to Hold from Buy at Societe Generale
05/17/18
IMPC
05/17/18
NO CHANGE
Target $41
IMPC
Outperform
California Resources price target raised to $41 from $35 at Imperial Capital
Imperial Capital analyst Jason Wangler raised his price target for California Resources to $41 saying oil price strength continues to indicate higher cash flows for the company. Increased cash flows from favorable production and higher oil prices provide optionality for the company as it looks to add production and reduce debt, Wangler tells investors in a research note. He keeps an Outperform rating on the shares.
02/12/18
IMPC
02/12/18
UPGRADE
Target $26
IMPC
Outperform
California Resources upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst Jason Wangler upgraded California Resources to Outperform with an unchanged price target of $26 following the company's announcement of a new midstream joint venture and equity investment. The analyst views the developments as further evidence of the value in the company's asset base.
EFC Ellington Financial
$16.43

0.05 (0.31%)

12/06/17
SDLR
12/06/17
INITIATION
Target $17
SDLR
Buy
Ellington Financial initiated with a Buy at Sandler O'Neill
Sandler O'Neill analyst Crispin Love started Ellington Financial with a Buy rating and $17 price target. The analyst views the stock as attractively valued with a double-digit dividend yield. He sees the company as a "unique opportunity for investors."
11/08/17
RILY
11/08/17
DOWNGRADE
Target $16
RILY
Neutral
Ellington downgraded on slower portfolio growth at B. Riley FBR
B. Riley FBR analyst Jessica Levi-Ribner downgraded Ellington Financial to Neutral from Buy saying slower portfolio growth has resulted in weaker earnings. The analyst lowered her price target for the shares to $16 from $17.50.
11/08/17
RILY
11/08/17
DOWNGRADE
RILY
Neutral
Ellington Financial downgraded to Neutral from Buy at B. Riley FBR
FET Forum Energy
$12.35

-0.075 (-0.60%)

08/24/17
08/24/17
DOWNGRADE
Target $12

Neutral
Forum Energy downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Jacob Lundberg downgraded Forum Energy to Neutral from Outperform on margin uncertainty. The analyst notes the company has not come close to achieving a 50% incremental margin quarter and has "significantly" lagged the incremental margin performance of its peers. Lundberg also lowered his price target on the shares to $12 from $23.
10/10/17
DBAB
10/10/17
INITIATION
Target $17
DBAB
Hold
Forum Energy initiated with a Hold at Deutsche Bank
Deutsche Bank analyst David Havens started Forum Energy with a Hold rating and $17 price target.
02/09/18
SOCO
02/09/18
UPGRADE
SOCO
Overweight
Forum Energy upgraded to Overweight from Equalweight at Capital One
02/13/18
JEFF
02/13/18
UPGRADE
Target $15
JEFF
Buy
Forum Energy upgraded to Buy from Hold at Jefferies
Jefferies analyst Eduardo Royes upgraded Forum Energy Technologies to Buy while lowering his price target for the shares to $15 from $17. The 19% share price reaction since the Q4 call "feels overdone" given the implications of the outlook, Royes tells investors in a research note. He sees a low bar for the company and expects shares to move higher as a number of product lines show improvement.
FSS Federal Signal
$25.59

-2.245 (-8.07%)

08/08/18
KEYB
08/08/18
DOWNGRADE
KEYB
Sector Weight
Federal Signal downgraded to Sector Weight from Overweight at KeyBanc
02/20/18
SIDC
02/20/18
INITIATION
Target $21
SIDC
Neutral
Federal Signal initiated with a Neutral at Sidoti
Sidoti initiated Federal Signal with a Neutral and $21 price target.
GTT GTT Communications
$34.10

-1.85 (-5.15%)

08/06/18
BWSF
08/06/18
INITIATION
Target $5
BWSF
Sell
BWS starts GTT Communications with Sell rating, $5 price target
BWS Financial analyst Hamed Khorsand initiated coverage of GTT Communications with a Sell rating and $5 price target. The stock in morning trading is down 5.5%, or $2.23, to $38.18. GTT "has been rolling up Internet backbone companies in an effort to enhance its scale and presence in the industry, but it has come at a cost they can no longer afford," Khorsand tells investors in a research note. The analyst points out that GTT over 11 years has completed over 30 acquisitions. The company now has $3.2B in debt and has yet to report quarter where cash flow from operations would be able to cover capex, interest expense, and enough to make a principal debt payment, according to Khorsand. He believes the company's debt balance "could leave little value for the equity"
08/06/18
BWSF
08/06/18
INITIATION
Target $5
BWSF
Sell
GTT Communications initiated with a Sell at BWS Financial
Target $5.
07/19/18
JEFF
07/19/18
NO CHANGE
Target $62
JEFF
Buy
GTT shares have over 35% upside potential, says Jefferies
Jefferies analyst Scott Goldman believes that with the acquisition of Interoute, GTT Communications has become a "much more formidable enterprise player that continues to gain recognition on a global scale." The analyst views concerns over leverage and organic growth as short-sighted and continues to like the shares at current levels. He sees more than 35% upside potential to his $62 price target and keeps a Buy rating on GTT Communications.
08/06/18
WBLR
08/06/18
NO CHANGE
WBLR
Outperform
GTT Communications selloff Friday a buying opportunity, says William Blair
William Blair analyst Jim Breen views the 14% pullback in shares of GTT Communications on Friday as a buying opportunity. The analyst understands concerns around the company's recently elevated debt levels to fund the Interoute acquisition, as well as margin weakness and a slight sequential revenue decline in the quarter. The analyst, however, expects GTT to resume organic growth in the second half of the year. Further, with expanding margins and low capital-expenditure requirements, he estimates its free cash flow will continue to increase. Breen keeps an Outperform rating on GTT Communications and notes the Interoute acquisition will nearly double the size of the total company.
IDCC InterDigital
$82.20

-0.65 (-0.78%)

06/12/18
ROTH
06/12/18
INITIATION
Target $104
ROTH
Buy
InterDigital initiated with a Buy at Roth Capital
Roth Capital analyst Scott Searle started InterDigital with a Buy rating and $104 price target. The company has built an "attractive portfolio of patents" in 3G, 4G and 5G, Searle tells investors in a research note. He points out that InterDigital has license agreements with vendors representing slightly in excess of half of global shipments including top three vendors Samsung, Apple and Huawei. The analyst believes Internet of Things and 5G present "attractive longer-term opportunities" for InterDigital.
06/12/18
06/12/18
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. InterDigital (IDCC) initiated with a Buy at Roth Capital. 2. Weight Watchers (WTW) initiated with an Overweight at JPMorgan and a Buy at DA Davidson. 3. Franklin Electric (FELE) initiated with a Neutral at DA Davidson. 4. ArQule (ARQL) initiated with an Outperform at Oppenheimer. 5. comScore (SCOR) initiated with a Buy at Loop Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/23/18
DOTC
02/23/18
UPGRADE
DOTC
Buy
InterDigital upgraded to Buy from Neutral at Dougherty
IGT International Game
$21.42

-0.77 (-3.47%)

08/03/18
DBAB
08/03/18
NO CHANGE
DBAB
Buy
International Game removed from catalyst call buy list at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli removed International Game Technology from his firm's catalyst call list to buy the stock. There is market volatility in the gaming space and two of the short-term investment catalysts have played out, Santarelli tells investors in a research note. The analyst keeps a Buy rating on International Game.
06/15/18
UGAM
06/15/18
UPGRADE
UGAM
Buy
International Game upgraded to Buy from Hold at Union Gaming
06/15/18
06/15/18
UPGRADE
Target $33

Buy
International Game upgraded to Buy on valuation at Union Gaming
As previously reported, Union Gaming upgraded International Game to Buy from Hold. Analyst John DeCree changed his view saying valuation is attractive ahead of the August 2 analyst day.
05/23/18
DBAB
05/23/18
NO CHANGE
Target $35
DBAB
Buy
Deutsche Bank recommends buying shares of International Game
If not for the forward transaction entered into by International Game Technology's controlling shareholder, the shares would have responded "very well" yesterday to the fundamentals and the outlook presented in IGT's Q1 and on the conference call, Deutsche Bank analyst Carlo Santarelli tells investors in a research note. He believes International Game "represents a strong operating story at a healthy discount to peers, with several avenues for accelerating growth." The analyst recommends buying the stock and keeps a Buy rating on the name with a $35 price target.
TELL Tellurian
$6.93

-0.34 (-4.68%)

04/17/18
WELS
04/17/18
INITIATION
Target $7.5
WELS
Market Perform
Tellurian initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Michael Webber started Tellurian with a Market Perform rating and $7.50 price target. The analyst says the company is still early in its permitting and commercial process.
12/14/17
GHSC
12/14/17
INITIATION
Target $14
GHSC
Buy
Tellurian initiated with a Buy at Seaport Global
Seaport Global analyst Sunil Sibal initiated Tellurian with a Buy and $14 price target. Sibal said Tellurian has unique approach to financing and building new LNG liquefaction and export capability in North America has a high likelihood of success as international LNG buyers start looking to source US shale plays.
11/17/17
COWN
11/17/17
INITIATION
Target $13.5
COWN
Outperform
Tellurian initiated with an Outperform at Cowen
Cowen analyst Sam Margolin started Tellurian with an Outperform rating and $13.50 price target. The analyst views the company as a "ground floor" Liquefied Natural Gas opportunity and sees the FERC decision as a likely positive catalyst.
01/04/18
STFL
01/04/18
INITIATION
Target $16
STFL
Buy
Tellurian initiated with a Buy at Stifel
Stifel analyst Benjamin Nolan started Tellurian with a Buy rating and $16 price target. The analyst believes the company's strategy of selling portions of its Driftwood project to prospective gas buyers rather than leasing capacity under a tolling arrangement "dramatically" improves the odds of success.
SWM Schweitzer-Mauduit
$40.60

-0.78 (-1.89%)

09/26/17
DADA
09/26/17
INITIATION
Target $47
DADA
Buy
Schweitzer-Mauduit initiated with a Buy at DA Davidson
DA Davidson analyst Steven Chercover started Schweitzer-Mauduit International with a Buy rating and $47 price target. The analyst believes the company's Advanced Materials segment will provide the growth needed to offset the declining Engineered Papers business. He views the shares as attractive at current levels.
02/26/18
02/26/18
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. Albermarle (ALB) downgraded to Underweight from Equal Weight at Morgan Stanley by analyst Vincent Andrews, who cited concerns on both the lithium supply and demand side. On the lithium demand side, bulls' electric vehicle penetration rate forecasts seem "aggressive, said Andrews. He also now has material concerns on the supply side following the recent Chilean government agreement with SQM (SQM), added Andrews. SQM was also downgraded to Underweight from Equal Weight at Morgan Stanley by analyst Javier Martinez de Olcoz Cerdan. 2. Halliburton (HAL) downgraded to Neutral from Buy at BofA/Merrill by analyst Timna Tanners, who said the U.S. shale story is maturing and there are limited catalysts for shares. Tanners expects a more muted response to high oil prices given newbuiilds coming into the market in 2018. 3. Aqua America (WTR) downgraded to Market Perform from Outperform at Wells Fargo by analyst Jonathan Reeder, who cited valuation and said he prefers shares of American Water (AWK) at current levels. 4. Mattel (MAT) downgraded to Underperform from Hold at Jefferies by analyst Stephanie Wissink. The shares currently reflect an "aggressive" sales and profit recovery to 15% margins in 2020, Wissink said, however, believes industry conditions are challenging recovery assumptions. 5. Empire State Realty (ESRT) downgraded to Hold from Buy at Stifel by analyst John Guinee, who said he expects 2018 to be a "difficult year for value creation metrics" and notes his FFO estimates continue to decline. Guinee added that the Manhattan investment market is highly competitive and that he's not convinced the company will deploy the cash balance into new investments any time soon. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
STRL Sterling Construction
$15.36

-0.24 (-1.54%)

03/07/18
DADA
03/07/18
NO CHANGE
Target $20
DADA
Buy
Sterling Construction FY18 outlook modestly below forecast, says DA Davidson
DA Davidson analyst Brent Thielman lowered his price target on Sterling Construction to $20 from $22 in the wake of modestly below-consensus outlook for FY18. Thielman keeps his Buy rating on the stock however, adding that the company's "expected earnings ramp and de-risked backlog" are "severely misunderstood". The analyst believes that the soft backlog in Q4 was due to fewer new awards and a revenue burn in segments like Heavy Civil, but an improving mix of jobs and pending awards should allow bookings to recover.
04/18/18
ADAM
04/18/18
NO CHANGE
Target $20
ADAM
Buy
Sterling Construction has shifted to growth story, says Canaccord
Canaccord analyst Bobby Burleson met with Sterling Construction management and now believes the company has transitioned from a turnaround phase to a compelling growth story with improving demand and faster growth for high-margin non-heavy highway work. The analyst sees the potential for additional large awards and remains confident in management's ability to meet or exceed guidance. Burleson reiterated his Buy rating and $20 price target on Sterling Construction shares.
01/11/18
ADAM
01/11/18
NO CHANGE
Target $20
ADAM
Buy
Sterling Construction weakness a buying opportunity, says Canaccord
Canaccord analyst Bobby Burleson noted Sterling Construction shares have been weak but he believes the pullback has created a buying opportunity. The analyst cited its near-term momentum in Utah and emergency work related to the hurricanes is picking up. Longer-term, margin drivers remain intact and there has been improvements in civil demand, strong Tealstone growth, and an increase in higher margin industrial work. Burleson reiterated his Buy rating and $20 price target on Sterling Construction shares.
SGMS Scientific Games
$33.45

-1.4 (-4.02%)

05/14/18
JEFF
05/14/18
NO CHANGE
JEFF
Jefferies says Penn National, Caesars among winners from sports gaming ruling
After the Supreme Court ruled that the PASPA provision prohibiting state authorization of organized sports gambling violates the tenth amendment, Jefferies analyst David Katz reiterated his view on which companies are positioned to be key beneficiaries of the decision. He continues to identify Penn National (PENN) and Caesars (CSR) as among the top winners in terms of casino operators, followed by Eldorado Resorts (ERI), Churchill Downs (CHDN), Boyd Gaming (BYD), Monarch Casino (MCRI), and MGM Resorts (MGM). He also sees "location-agnostic" suppliers Scientific Games (SGMS) and International Game (IGT) as winners, Katz tells investors.
02/20/18
JEFF
02/20/18
INITIATION
Target $57
JEFF
Buy
Scientific Games initiated with a Buy at Jefferies
Jefferies analyst David Katz started Scientific Games with a Buy rating and $57 price target. The analyst calls the company his Focus Pick in the equipment and technology supplier segment of the gaming industry. Katz views the current valuation as "highly attractive" following the NYX acquisition and his sum of the parts analysis yields share prices of $56 and $76 per share on 2018 and 2019 estimates.
05/15/18
BOFA
05/15/18
NO CHANGE
BOFA
Supreme Court ruling on sports betting positive for regionals, game tech, says BofA/Merrill
BofA/Merrill analyst Shaun Kelley notes that the Supreme Court ruled 6-3 to repeal the Professional and Amateur Sports Protection Act, which had effectively banned full sports betting in every state except Nevada. While the analyst expects operator margins to be low, he sees upside for all of regional gaming, while gaming tech could be a key beneficiary. Reflecting sports betting in higher multiples, Kelley raised his price targets for Boyd Gaming (BYD) to $45 from $42, Penn National (PENN) to $36 from $32, Scientific Games (SGMS) to $70 from $60, and International Game (IGT) to $36 from $34.
08/07/18
JEFF
08/07/18
NO CHANGE
Target $46
JEFF
Buy
Scientific Games price target lowered to $46 from $61 at Jefferies
The post-earnings selloff to Scientific Games' "mixed" Q2 results and elevated capital spending left the shares implying a declining trajectory in estimates that is unlikely, Jefferies analyst David Katz tells investors in a research note titled "Setting It Low Enough To Trip." The analyst lowered his estimates to what he deems conservative levels and dropped his price target for the shares to $46 from $61. With "considerable upside" to his new target, Katz reiterates a Buy rating on Scientific Games.
PAG Penske Automotive
$51.44

-0.735 (-1.41%)

04/16/18
GUGG
04/16/18
INITIATION
Target $50
GUGG
Buy
Penske Automotive initiated with a Buy at Guggenheim
Guggenheim analyst Ali Faghri initiated Penske Automotive with a Buy and $50 price target.
07/10/18
07/10/18
UPGRADE

Overweight
CarMax double upgraded to Overweight at Morgan Stanley as coverage transferred
As previously reported, Morgan Stanley analyst Armintas Sinkevicius upgraded CarMax (KMX) two notches, to Overweight from Underweight, as he took over coverage of the auto dealer stocks at the firm. Longer term, he is constructive on dealers, citing a belief that tech disruption could accelerate consolidation and set up a transition toward "megafleet managers." However, given that the market is over 9 years into the auto cycle, he sees limited potential for a re-rating of the multiples of auto dealer's stocks, Sinkevicius tells investors. In supporting his view of CarMax, the analyst also notes that the used car market is less volatile than the new car market. He also retained Overweight ratings on Lithia Motors (LAD) and Penske Automotive (PAG).
03/14/18
MSCO
03/14/18
NO CHANGE
MSCO
Morgan Stanley raises U.S. auto sales forecasts through 2021
Morgan Stanley analyst Adam Jonas raised his U.S. seasonally adjusted annual rate, or SAAR, forecast for automakers by an average of 850,000 units from 2018 through 2021, which represents slightly more than a 5% increase from his prior forecast. However, his average U.S. SAAR forecast is still well below last year's 17.3M units and 8% under the cyclical high of 17.6M units in 2016. Jonas points to U.S. tax reform and "relatively stable" recent trends in auto sales and credit as reasons for the hike, noting that while infrastructure action from the federal government could be a material positive, it is not explicitly in his new forecast. Adding that the higher view has a net positive impact on estimates and price targets for exposed auto Original Equipment Manufacturers, or OEMs, and suppliers, Jonas raised his price targets on General Motors (GM), Asbury Automotive (ABG), AutoNation (AN), Group 1 Automotive (GPI), Lithia Motors (LAD), Penske Automotive (PAH), Sonic Automotive (SAH) and Ford (F). He also double upgraded Ford, to Overweight from Underweight, this morning.
10/04/17
BREN
10/04/17
INITIATION
Target $52
BREN
Hold
Penske Automotive initiated with a Hold at Berenberg
Berenberg analyst Andrew Fung initiated Penske Automotive with a Hold and $52 price target citing valuation and macro uncertainty in some key markets.
OSIS OSI Systems
$79.89

0.07 (0.09%)

02/21/18
SIDC
02/21/18
INITIATION
Target $79
SIDC
Buy
OSI Systems initiated with a Buy at Sidoti
Sidoti started OSI Systems with a Buy rating and $79 price target.
02/02/18
ROTH
02/02/18
NO CHANGE
Target $78
ROTH
Buy
OSI Systems price target lowered to $78 from $106 at Roth Capital
Roth Capital analyst Jeff Martin lowered his price target on OSI Systems to $78 from $106 as he believes investors are likely to discount the stock's valuation until the company is cleared of the investigations being conducted by the SEC and DOJ, as revealed last night. However, Martin notes that management expressed conviction in a strong demand environment over the next 18 months and he believes OSI has strong business fundamentals. Martin maintains his Buy rating on OSI shares, which are down 17% to $55.30 in pre-market trading.
02/02/18
JEFF
02/02/18
DOWNGRADE
Target $70
JEFF
Hold
OSI Systems downgraded to Hold from Buy at Jefferies
Jefferies analyst Sheila Kahyaoglu downgraded OSI Systems to Hold and lowered her price target for the shares to $70 from $79. While the company's fundamentals are solid, the two separate investigations by the SEC and Department of Justice could act as an overhang on the stock, Kahyaoglu tells investors in a research note. She believes the shares will be range bound until the two investigations are complete.
06/21/18
SIDC
06/21/18
DOWNGRADE
SIDC
Neutral
OSI Systems downgraded to Neutral from Buy at Sidoti
NEXT NextDecade
$6.42

0.17 (2.72%)

04/17/18
WELS
04/17/18
INITIATION
Target $6
WELS
Market Perform
NextDecade initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Michael Webber started NextDecade with a Market Perform rating and $6 price target. The analyst says that while the company's location and cost advantage "make it interesting," he's waiting on material commercial progress.
11/17/17
COWN
11/17/17
INITIATION
Target $12
COWN
Outperform
NextDecade initiated with an Outperform at Cowen
Cowen analyst Sam Margolin started NextDecade with an Outperform rating and $12 price target. The analyst views the company as a "ground floor" Liquefied Natural Gas opportunity and sees the FERC decision as a likely positive catalyst.
04/17/18
BOFA
04/17/18
INITIATION
Target $10
BOFA
Buy
NextDecade initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith initiated NextDecade with a Buy and $10 price target ahead of a host of 2018 catalysts. The analyst said NextDecade is a direct beneficiary of increased Global LNG demand and expects shares to move higher on the Final Investment Decision on Train 1 and 2 for the Rio Grande project.
01/04/18
STFL
01/04/18
INITIATION
Target $9
STFL
Hold
NextDecade initiated with a Hold at Stifel
Stifel analyst Benjamin Nolan started NextDecade with a Hold rating and $9 price target. The analyst believes the long-term contract gas market remains competitive and that there is risk of delay.
WYND Wyndham Destinations
$43.95

-1.74 (-3.81%)

06/14/18
RHCO
06/14/18
INITIATION
Target $69
RHCO
Buy
Wyndham Destinations initiated with a Buy at SunTrust
SunTrust initiated Wyndham Destinations with a Buy and $69 price target.
07/16/18
JEFF
07/16/18
INITIATION
Target $65
JEFF
Buy
Wyndham Destinations initiated with a Buy at Jefferies
Jefferies analyst David Katz started Wyndham Destinations with a Buy rating and $65 price target. The recently split company should benefit from more focused strategies and capital allocation, Katz tells investors in a research note. He sees incremental revenue opportunities from its new Blue Thread initiative.
06/14/18
06/14/18
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. Spotify (SPOT) initiated with a Hold at Deutsche Bank. 2. Hannon Armstrong (HASI) initiated with an Overweight at JPMorgan. 3. Wyndham Hotels & Resorts (WH) and Wyndham Destinations (WYND) were initiated with a Buy at SunTrust. 4. RigNet (RNET) initiated with a Buy at Maxim. 5. Roku (ROKU) initiated with an Outperform at Macquarie. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, Reference Link
06/14/18
RHCO
06/14/18
INITIATION
Target $71
RHCO
Buy
Wyndham Hotels & Resorts initiated with a Buy at SunTrust
SunTrust analyst C. Patrick Scholes initiated Wyndham Hotels & Resorts (WH) with a Buy rating and a price target of $71 and also assumed Wyndham Destinations (WYND) with a Buy rating and a price target of $69 following their spinoff from Wyndham Worldwide that was finalized on June 1st. The analyst contends that the former offers a "straightforward" business model, with a growing pipeline and revenues derived primarily from its franchise fees, benefiting from a strong position in Economy and Midscale travel segments. Scholes also expects Wyndham Hotels to post a stronger RevPAR following its acquisition of LaQuinta (LQ). For the latter, the analyst cites favorable leisure travel tailwinds, a 10% free cash flow yield, and an attractive valuation, along with few signs of investor apprehension within the timeshare securitization market.
NEWM New Media
$15.98

0.19 (1.20%)

UBNT Ubiquiti
$79.74

-1.47 (-1.81%)

11/10/17
BMOC
11/10/17
NO CHANGE
Target $60
BMOC
Market Perform
Ubiquiti price target lowered to $60 from $66 at BMO Capital
BMO Capital analyst Tim Long lowered his price target on Ubiquiti to $60 and kept his Market Perform rating following Q1 earnings. Long says the results were consistent with the positive pre-announcement, but FY18 outlook was weak and implies a challenging ramp amid limited visibility. The analyst notes that while the Enterprise segment strength is driven by higher priced offerings, the Service Provider segment was soft.
09/27/17
JMPS
09/27/17
NO CHANGE
JMPS
Market Perform
Ubiquiti channel checks comforting after last week's rumors, said JMP Securities
JMP Securities analyst Erik Suppiger said that following Ubiquiti Networks' first investor day he remains concerned about the impact from changes in its distribution model on sales, but also noted that his recent channel checks give him "incremental comfort" that last week's rumors about distributor relationships, inventory, and cash management are not reflective of fundamental problems. The analyst, who is encouraged by the company's ability to develop and grow product lines but thinks the new distribution model hurts visibility and sales growth, keeps a Market Perform rating on the shares.
09/19/17
RAJA
09/19/17
NO CHANGE
RAJA
Market Perform
Most Citron points on Ubiquiti 'hyperbolized rehashes,' says Raymond James
Raymond James analyst Tavis McCourt gave his take on Citron Research's short report published yesterday on Ubiquiti Networks, stating that while "there were a few nuances that were new," most of the points were "hyperbolized rehashes" of concerns that have previously been raised about the company's margins and business model. He added that well-known forensic accounting consultancy FTI Consulting served as acting CFO and CAO at Ubiquiti for about a year, contending that "any fraud perpetuated on their watch would seem unlikely" in his view. McCourt, who raised his estimates slightly for Ubiquiti following the company's tightening of its quarterly revenue view, keeps a Market Perform rating on the stock, citing weak near-term cash flows.
05/11/18
BMOC
05/11/18
NO CHANGE
Target $74
BMOC
Market Perform
Ubiquiti price target raised to $74 from $63 at BMO Capital
BMO Capital analyst Tim Long raised his price target on Ubiquiti Networks to $74 and kept his Market Perform rating after its "mixed" Q3 results, saying the "Enterprise segment was largely offset by weaker demand in Service Provider" segment. Long adds that the service provider business is typically "lumpy" and the company's new $200M buyback program is encouraging, but prefers to maintain a neutral stance until there is greater contribution to sales from its newer products.

TODAY'S FREE FLY STORIES

01:45
12/13/18
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01:45
General news
Asian Market Wrap: »

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BHVN

Biohaven Pharmaceutical

$37.72

1.02 (2.78%)

20:51
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12/12
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20:51
Syndicate
Biohaven Pharmaceutical 3.3M share Secondary priced at $37.25 per share »

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FIVE

Five Below

$101.38

1.86 (1.87%)

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MRNS

Marinus Pharmaceuticals

$4.21

-0.89 (-17.45%)

20:28
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Syndicate
Marinus Pharmaceuticals 12M share Secondary priced at $3.75 per share »

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UNM

Unum Group

$30.27

-0.04 (-0.13%)

20:25
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Hot Stocks
Unum Group sees FY19 adjusted EPS growth of 4%-7% »

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CIEN

Ciena

$32.14

0.535 (1.69%)

20:25
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12/12
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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TDC

Teradata

$38.02

0.65 (1.74%)

20:18
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20:18
Hot Stocks
Teradata targets 2021 recurring revenue growth of 14% »

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HESM

Hess Midstream Partners

$19.43

0.38 (1.99%)

19:09
12/12/18
12/12
19:09
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19:09
Hot Stocks
Hess Midstream Partners sees FY19 adjusted EBITDA $550M-$575M »

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TOCA

Tocagen

$11.22

-1.63 (-12.68%)

19:05
12/12/18
12/12
19:05
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19:05
Syndicate
Tocagen 3M share Secondary priced at $10.00 per share »

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ALL

Allstate

$82.37

-0.12 (-0.15%)

19:03
12/12/18
12/12
19:03
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19:03
Hot Stocks
Allstate announces estimated November catastrophe losses of $685M »

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XOM

Exxon Mobil

$76.04

-0.64 (-0.83%)

19:01
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12/12
19:01
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19:01
Hot Stocks
Exxon makes final investment decision to develop West Barracouta gas project »

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NDSN

Nordson

$111.83

1.09 (0.98%)

, JCS

Communications Systems

$2.42

0.2 (9.01%)

19:00
12/12/18
12/12
19:00
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19:00
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS:…

NDSN

Nordson

$111.83

1.09 (0.98%)

JCS

Communications Systems

$2.42

0.2 (9.01%)

BW

Babcock & Wilcox

$0.77

0.0569 (7.94%)

FIVE

Five Below

$101.38

1.86 (1.87%)

BABA

Alibaba

$151.49

-0.34 (-0.22%)

TLRD

Tailored Brands

$20.16

0.32 (1.61%)

LLNW

Limelight Networks

$3.20

0.025 (0.79%)

OXM

Oxford Industries

$74.88

0.895 (1.21%)

AGTC

Applied Genetic

$6.61

0.54 (8.90%)

VBIV

VBI Vaccines

$1.66

0.08 (5.06%)

HASI

Hannon Armstrong

$23.10

-0.16 (-0.69%)

BVN

Buenaventura

$15.25

0.22 (1.46%)

03/08/13
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OXM

Oxford Industries

$74.88

0.895 (1.21%)

18:58
12/12/18
12/12
18:58
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18:58
Earnings
Oxford Industries cuts FY18 EPS view to $4.20-$4.35 from $4.45-$4.65 »

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OXM

Oxford Industries

$74.88

0.895 (1.21%)

18:56
12/12/18
12/12
18:56
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18:56
Earnings
Oxford Industries sees Q4 EPS 96c-$1.11 vs. 93c last year »

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OXM

Oxford Industries

$74.88

0.895 (1.21%)

18:55
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18:55
Earnings
Oxford Industries reports Q3 adjusted EPS 14c vs. 17c last year »

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  • 12

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NEXT

NextDecade

$4.74

0.04 (0.85%)

18:30
12/12/18
12/12
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18:30
Hot Stocks
NextDecade's Rio Grande LNG project approved by TCEQ »

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UAL

United Continental

$89.63

1.49 (1.69%)

18:15
12/12/18
12/12
18:15
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18:15
Periodicals
United CEO seeks to boost flight network by 4%-6% next year, Reuters says »

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  • 04

    Mar

AKAO

Achaogen

$1.80

0.06 (3.45%)

17:58
12/12/18
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17:58
Hot Stocks
Breaking Hot Stocks news story on Achaogen »

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FLR

Fluor

$34.11

0.29 (0.86%)

17:56
12/12/18
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17:56
Hot Stocks
Fluor announces participation in $2.1B rail project in Chicago »

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FIVE

Five Below

$101.38

1.86 (1.87%)

17:55
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12/12
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BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

17:49
12/12/18
12/12
17:49
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17:49
Hot Stocks
SEC says former execs behind allegedly fraudulent ICO settle scam charges »

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BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

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PK

Park Hotels & Resorts

$29.28

0.08 (0.27%)

17:44
12/12/18
12/12
17:44
12/12/18
17:44
Hot Stocks
Park Hotels & Resorts announces Q4 dividend of $1.00 per share »

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PK

Park Hotels & Resorts

$29.28

0.08 (0.27%)

17:44
12/12/18
12/12
17:44
12/12/18
17:44
Hot Stocks
Park Hotels & Resorts announces Q4 dividend of $1.00 per share »

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CNP

CenterPoint Energy

$28.90

0.12 (0.42%)

17:37
12/12/18
12/12
17:37
12/12/18
17:37
Hot Stocks
CenterPoint Energy raises dividend 4% to 28.75c per share »

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UPLD

Upland Software

$27.47

0.51 (1.89%)

17:34
12/12/18
12/12
17:34
12/12/18
17:34
Syndicate
Breaking Syndicate news story on Upland Software »

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