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BLK

BlackRock

$486.91

(0.00%)

, NUAN

Nuance

$15.53

(0.00%)

09:40
08/09/18
08/09
09:40
08/09/18
09:40

Unusually active option classes on open August 9th

Unusual total active option classes on open include: BlackRock (BLK), Nuance (NUAN), D R Horton (DHI), Hasbro (HAS), Roku (ROKU), Yelp (YELP), Occidental Petroleum (OXY), NetEase (NTES), CenturyLink (CTL), and Booking Holdings (BKNG).

BLK

BlackRock

$486.91

(0.00%)

NUAN

Nuance

$15.53

(0.00%)

DHI

D.R. Horton

$44.11

(0.00%)

HAS

Hasbro

$97.70

(0.00%)

ROKU

Roku

$47.26

(0.00%)

YELP

Yelp

$38.10

(0.00%)

OXY

Occidental Petroleum

$81.20

(0.00%)

NTES

NetEase

$252.80

(0.00%)

CTL

CenturyLink

$18.55

(0.00%)

BKNG

Booking Holdings

$2,042.16

(0.00%)

  • 09

    Aug

  • 10

    Sep

BLK BlackRock
$486.91

(0.00%)

07/02/18
JPMS
07/02/18
NO CHANGE
Target $547
JPMS
Overweight
BlackRock removed from Analyst Focus List at JPMorgan
JPMorgan analyst Kenneth Worthington removed BlackRock from his firm's Analyst Focus List and lowered his price target for the shares to $547 from $618. The analyst sees the macro environment as "less constructive" for BlackRock near term. Divergent beta trends have turned negative in recent months with both non-U.S. currencies and non-U.S. markets underperforming, Worthington tells investors in a research note. The analyst, however, continues to believe longer term secular trends are strong for iShares and keeps an Overweight rating on BlackRock.
07/17/18
GSCO
07/17/18
NO CHANGE
Target $570
GSCO
Buy
BlackRock price target lowered to $570 from $605 at Goldman Sachs
Goldman Sachs analyst Alexander Blostein lowered his price target on BlackRock to $570 after its Q2 results, which highlighted a "challenging market backdrop" along with a deceleration in the company's organic fee growth to 4% from 7%. The analyst keeps his Buy rating on BlackRock however, stating that the slowdown in fees was likely "market driven" and does not reflect "company specific weaknesses", adding that BlackRock still has the "operating flexibility to deliver above trend operating income growth, while accelerating technology revenue growth". Blostein lowers his FY18 EPS forecast to $27.57 from $27.96 and FY19 to $30.81 from $31.64 to reflect lowers asset under management levels and lower ETF fee rates partially offset by stronger technology revenues and more accretion from stock buybacks.
07/13/18
KBWI
07/13/18
UPGRADE
KBWI
Outperform
BlackRock upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Robert Lee upgraded BlackRock to Outperform saying shares deserve a premium valuation given its strong secular position and views the recent sell-off as a buying opportunity. The analyst believes BlackRock will be able to sustain an organic growth rate over time in the mid-single-digit range, driving a premium valuation versus peers. Lee trimmed his price target on BlackRock to $590 from $617.
07/13/18
07/13/18
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. VF Corp. (VFC) upgraded two notches to Buy from Underperform at BofA/Merrill with analyst Robert Ohmes saying he believes Vans momentum is sustainable and will be a "go-to-brand" for the back-to-school selling season. 2. United Rentals (URI) and Herc Holdings (HRI) were upgraded to Buy from Neutral at Buckingham. 3. Raymond James (RJF) upgraded to Buy from Neutral at Citi with analyst William Katz saying he still prefers alternative managers. 4. M.D.C. Holdings (MDC) upgraded to Neutral from Underweight at JPMorgan with analyst Michael Rehaut saying the current valuation appropriately reflects his outlook for above average order growth and margin expansion in 2018. 5. BlackRock (BLK) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Robert Lee saying shares deserve a premium valuation given its strong secular position and views the recent sell-off as a buying opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
NUAN Nuance
$15.53

(0.00%)

11/29/17
DBAB
11/29/17
NO CHANGE
Target $25
DBAB
Buy
Nuance has regained its footing, says Deutsche Bank
Deutsche Bank analyst Nandan Amladi says Nuance Communications posted a "nice beat" last night. The analyst upped his price target for shares to $25 from $23 and reaffirms a Buy rating on the name. Commentary on the pipeline and bookings suggest Nuance has regained its footing, Amladi tells investors in a post-earnings research note.
05/10/18
CHLM
05/10/18
NO CHANGE
Target $17
CHLM
Buy
Nuance price target lowered to $17 from $24 at Craig-Hallum
Craig-Hallum analyst Jeff Van Rhee lowered his price target for Nuance to $17 from $24 after the company put up an in-line quarter and lumpy bookings were lower. The analyst reiterates a Buy rating on the shares.
03/23/18
ADAM
03/23/18
NO CHANGE
Target $21
ADAM
Buy
Nuance's new CEO comes with 'fresh perspective,' says Canaccord
Canaccord analyst David Hynes Jr. reiterated his Buy rating and $21 price target on Nuance (NUAN) following the company's confirmed CEO succession plans. In a research note to investors, the analyst said he has not met with new CEO Mark Benjamin, the current COO of NCR (NCR), in the past, but says his resume "appears solid" and that the appointment of an outsider will bring "fresh perspective" to operations. The analyst said the appointment is a "logical" move that should appease seemingly anxious shareholders. While Nuance is "far from perfect," the analyst contends that Benjamin is taking the helm of the business "in a relatively healthy state."
03/22/18
MSCO
03/22/18
NO CHANGE
MSCO
Nuance CEO overhang now in rear view, says Morgan Stanley
Morgan Stanley analyst Sanjit Singh noted that Nuance appointed Mark Benjamin, COO of NCR and former ADP president, at its new CEO. Singh believes Benjamin's outside perspective and experience scaling a cloud services organization are "key positives" for Nuance, and added that with the CEO overhang now in the rear view, the company focus can "return to improving fundamentals." Singh maintained an Overweight rating and $20 price target on Nuance shares.
DHI D.R. Horton
$44.11

(0.00%)

06/27/18
RBCM
06/27/18
INITIATION
Target $45
RBCM
Sector Perform
D.R. Horton assumed with a Sector Perform at RBC Capital
RBC Capital analyst Michael Dahl assumed D.R. Horton with a Sector Perform rating and a price target of $45. The analyst notes that the company is "strongly positioned to capitalize on the lack of affordable existing home inventory and capture entry-level demand, while also generating strong free cash flows" but also sees those factors reflected in its valuation, as it trades at a premium to peer group average on total book value and PE multiple basis.
07/27/18
EVER
07/27/18
UPGRADE
EVER
Outperform
D.R. Horton upgraded to Outperform from In Line at Evercore ISI
08/03/18
MKMP
08/03/18
NO CHANGE
Target $52
MKMP
Neutral
D.R. Horton price target lowered to $52 from $57 at MKM Partners
MKM Partners analyst Megan McGrath lowered her price target on D.R. Horton to $52 and kept her Neutral rating after its Q3 results. The analyst notes that the company had a "strong" quarter on earnings and gross margins while other builders struggled to maintain margin pace. McGrath also raised her D.R. Horton FY18 EPS view to $3.81 from $3.58, but also warned that the housing cycle is reaching maturity based on the recent fears around interest rates and waning demand.
08/01/18
RAJA
08/01/18
UPGRADE
RAJA
Strong Buy
D.R. Horton upgraded to Strong Buy from Outperform at Raymond James
HAS Hasbro
$97.70

(0.00%)

07/24/18
07/24/18
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. Whirlpool (WHR) downgraded to Neutral from Buy at Longbow with analyst David MacGregor calling its quarter "disappointing across most dimensions of the business." 2. Gogo (GOGO) downgraded to Market Perform from Outperform at Raymond James with analyst Ric Prentiss saying he expects several more quarters of "turbulence" given potential dilution/rollover risks from 2020 bond convertible bond maturities, churn pressures, continued negative free cash flow, and the airline industry shift to directed pricing. 3. Marriott (MAR) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Thomas Allen saying he is more bullish on the Gaming REITs, given their attractive, dependable yields, and has become more cautious on Lodging, he tells investors. 4. Infinera (INFN) downgraded to Underperform from Market Perform at Raymond James. 5. Hasbro (HAS) downgraded to Neutral from Buy at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/25/18
BMOC
07/25/18
NO CHANGE
Target $85
BMOC
Underperform
Hasbro price target raised to $85 from $75 at BMO Capital
BMO Capital analyst Gerrick Johnson raised his price target on Hasbro to $85 after its Q2 results, noting that the sales declined less than feared and the stock rallied on optimism that the uncertainty related to the impact of Toys R Us liquidation may be in the past. The analyst keeps his Underperform rating however, adding that while the quarter was better than expected, it still showed "declines across important franchise and partner brands". Johnson also believes that Hasbro stock is not too expensive given the levels of risk and uncertainty at 20-21-times forward earnings estimates.
07/24/18
WELS
07/24/18
NO CHANGE
Target $100
WELS
Market Perform
Hasbro price target raised to $100 from $92 at Wells Fargo
Wells Fargo analyst Timothy Conder raised his price target for Hasbro to $100 from $92 after a "very solid" Q2. Nonetheless, the analyst reiterates a Market Perform rating on the shares as he continues to await more opportunistic entry-points given valuation.
07/24/18
RHCO
07/24/18
NO CHANGE
Target $108
RHCO
Hold
Hasbro price target raised to $108 from $90 at SunTrust
SunTrust analyst Michael Swartz raised his price target on Hasbro to $108 after its Q2 earnings beat and also raised his FY18 EPS target to $4.92 from $4.90. The analyst states that the 14% stock price increase after the results exceeded the "low bar" expectations following the Toy R Us liquidation is a "sign that investors have greater comfort" in the company managing the related business disruption. Longer term, Swartz keeps his Hold rating on Hasbro, stating there are "few meaningful catalysts" for its business in 2018 while its margins should remain pressured from "deleverage, higher sourcing / operating costs and strategic investments".
ROKU Roku
$47.26

(0.00%)

08/09/18
WBLR
08/09/18
NO CHANGE
WBLR
Outperform
Roku shares have additional 20% upside, says William Blair
William Blair analyst Ralph Schackart says that at the post-earnings share price of $51, Roku shares have additional upside around 20%. As the traditional TV ad market transitions in favor of over-the-top and streamed video, Roku is well positioned to take advantage, Schackart tells investors in a post-earnings research note. He believes the Roku Channel is making "significant progress" and keeps an Outperform rating on the shares.
08/09/18
KEYB
08/09/18
NO CHANGE
Target $67
KEYB
Overweight
Roku price target raised to $67 from $54 at KeyBanc
KeyBanc analyst Evan Wingren raised his price target for Roku to $67 from $54, citing Q2 results and 2H guidance that were above expectations, driven by momentum of the Roku platform. TRC expanding has the potential to drive a large TAM expansion for the platform business that is likely not captured in Roku's valuation from here, he adds. The analyst reiterates an Overweight rating on the shares.
08/09/18
RBCM
08/09/18
NO CHANGE
Target $48
RBCM
Sector Perform
Roku price target raised to $48 from $45 at RBC Capital
RBC Capital analyst Mark Mahaney raised his price target on Roku to $48 after its Q2 earnings beat driven by improvements in the Player and Platform segments. The analyst keeps his Sector Perform rating on Roku citing valuation.
08/09/18
OPCO
08/09/18
NO CHANGE
Target $59
OPCO
Outperform
Roku price target raised to $59 from $50 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Roku to $59 from $50 following better than expected Q2 results, FY guidance and the launch of The Roku Channel off platform. The analyst reiterates an Outperform rating on the shares.
YELP Yelp
$38.10

(0.00%)

08/09/18
JPMS
08/09/18
NO CHANGE
Target $57
JPMS
Overweight
Yelp price target raised to $57 from $53 at JPMorgan
JPMorgan analyst Doug Anmuth raised his price target for Yelp to $57 citing the company's "strong" Q2 results. Non-term contracts are working and drove record net new paying advertising accounts of 17,000 in the quarter, Anmuth tells investors in a post-earnings research note. The analyst believes Yelp has a "significant opportunity ahead" in thegrowing local ad market. The stock remains one of Anmuth's top SMID-cap ideas with an Overweight rating.
08/08/18
DBAB
08/08/18
NO CHANGE
Target $61
DBAB
Buy
Deutsche Bank likes Yelp's risk/reward into Q2 results
Deutsche Bank analyst Lloyd Walmsley likes the risk/reward on Yelp shares into the company's Q2 results. The analyst sees "depressed" investor sentiment, an "attractive" valuation and improving ad product. He believes expectations are low into the print and sees upside to estimates. Walmsley maintains a Buy rating on the stock with a $61 price target.
06/18/18
MKMP
06/18/18
NO CHANGE
Target $56
MKMP
Buy
Concern with Yelp shift to non-term contracts misplaced, says MKM Partners
MKM Partners analyst Rob Sanderson keeps his Buy rating and $56 price target on Yelp. The analyst notes that the stock price is down 14% since reporting a "strong" Q1, and believes that investors' concern with a shift to non-term contracts as misplaced, calling it a "dinosaur in digital marketing world". He anticipates improving growth dynamics for local advertising leading to a catch-up rally in this stock that has not participated in the recent surge for Internet shares. Sanderson further contends that a rising churn rate is not a concern if user participation is on the rise.
06/21/18
BARD
06/21/18
NO CHANGE
Target $44
BARD
Neutral
Yelp possibly benefiting from Facebook news feed changes, says Baird
Baird analyst Colin Sebastian said in a research note earlier today that his firm's latest consumer survey around local service preferences suggests either Yelp's (YELP) pace of product development is driving share gains, or that the company is benefiting from Facebook's (FB) recent de-emphasis of organic News Feed business posts. Baird's latest survey of 500 consumers showed an uptick in respondents selecting Yelp and Google (GOOG, GOOGL) as a preferred source for local services and information. The recent uptick coincides with a decline in Facebook's response rate, which could reflect changes to its News Feed algorithm de-emphasizing organic business posts in favor of user-generated content, Sebastian wrote. The analyst believes that while some confusion remains around the impact of Yelp's non-term contracts, the added flexibility will create an opportunity to cross-sell more attributable services over time. He keeps a Neutral rating on Yelp with a $44 price target. The stock in late morning trading is down 46c to $41.66.
OXY Occidental Petroleum
$81.20

(0.00%)

07/12/18
MSCO
07/12/18
INITIATION
Target $100
MSCO
Overweight
Occidental Petroleum initiated with an Overweight at Morgan Stanley
Morgan Stanley analysts Devin McDermott and Drew Venker added coverage of 12 large-cap and diversified E&Ps, identifying ConocoPhillips (COP), Occidental Petroleum (OXY) and Continental Resources (CLR) as their top picks. The analysts set a $100 price target on Overweight-rated Occidental.
07/24/18
MZHO
07/24/18
INITIATION
Target $173
MZHO
Buy
Mizuho names 'Apple of oil' EOG top pick in Oil & Gas sector
Mizuho analyst Paul Sankey last night initiated 10 names in the Global Oil & Gas group with five buys, four neutrals and one underperform. He also maintained a Buy rating on Occidental Petroleum (OXY) and Neutral rating on ConocoPhillips (COP). The analyst put Buy ratings on EOG Resources (EOG), his top pick in the group, Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), Noble Energy (NBL) and Suncor (SU). Sankey calls EOG the Apple (AAPL) of oil. The company has been a pioneer in unconventional oil development in the U.S. and its technology-driven, innovation-focused approach will continue to drive peer-leading rates of return and oil growth, the analyst contends. He put Neutral ratings on Devon Energy (DVN), Hess Corp. (HES), Marathon Oil (MRO) and Apache (APA). Lastly, Sankey initiated Murphy Oil (MUR) with an Underperform rating and $36 price target. While the stock trades well below peers on both mid-cycle free cash and discount to net asset value, there is not enough potential upside to justify a Neutral at this point, Sankey told investors in a research note.
06/11/18
JEFF
06/11/18
UPGRADE
Target $98
JEFF
Buy
Occidental Petroleum upgraded to Buy from Hold at Jefferies
Jefferies analyst Jason Gammel upgraded Occidental Petroleum to Buy and raised his price target for the shares to $98 from $87. The analyst believes Occidental offers a "compelling balance" of growth and free cash generation. Further, he expects the company to begin repurchasing shares later this year.
07/12/18
MSCO
07/12/18
INITIATION
Target $82
MSCO
Overweight
ConocoPhillips initiated with an Overweight at Morgan Stanley
Morgan Stanley analysts Devin McDermott and Drew Venker added coverage of 12 large-cap and diversified E&Ps, identifying ConocoPhillips (COP), Occidental Petroleum (OXY) and Continental Resources (CLR) as their top picks. The analysts set an $82 price target on Overweight-rated ConocoPhillips.
NTES NetEase
$252.80

(0.00%)

07/03/18
JPMS
07/03/18
UPGRADE
Target $290
JPMS
Overweight
NetEase upgraded to Overweight from Underweight at JPMorgan
JPMorgan analyst Alex Yao double upgraded NetEase to Overweight from Underweight and raised his price target for the shares to $290 from $230. The analyst says the six-quarter earnings downgrade cycle is ending.
07/03/18
JPMS
07/03/18
UPGRADE
Target $290
JPMS
Overweight
JPMorgan double upgrades NetEase to Overweight with $290 target
JPMorgan analyst Alex Yao double upgraded NetEase to Overweight from Underweight and raised his price target for the shares to $290 from $230. The analyst expects NetEase to end a six-quarter "earnings downgrade cycle" with its "lackluster" earnings growth starting to recover in Q2 and peaking in Q1 of 2019. The company is experiencing stable performance in legacy games and increasing revenue contribution from new games, Yao tells investors in a research note. While uncertainties around new game monetization, including government approvals, still exist, the stock's risk/reward is tilted towards the upside, Yao contends.
07/03/18
07/03/18
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. Albemarle (ALB) upgraded to Buy from Neutral at Goldman Sachs with analyst Robert Koort saying the selloff in companies tied to lithium is overdone. 2. Veon (VEON) upgraded to Overweight from Neutral at JPMorgan with analyst Alexei Gogolev stating that the company shed its Italian business at a "very attractive price". 3. Roku (ROKU) upgraded to Outperform from Perform at Oppenheimer with analyst Jason Helfstein saying the "rapid adoption" of The Roku Channel gives him incremental confidence in the channel's ability to garner viewership on other platforms. 4. Amedisys (AMED) upgraded to Buy from Neutral at BofA/Merrill with analyst Joanna Gajuk stating that last night's CMS proposal increased reimbursement visibility for the home health industry calling for a +2.1% rate update in 2019, the best update since 2007 following nine consecutive years of cuts. 5. NetEase (NTES) upgraded to Overweight from Underweight at JPMorgan with analyst Alex Yao saying he expects NetEase to end a six-quarter "earnings downgrade cycle" with its "lackluster" earnings growth starting to recover in Q2 and peaking in Q1 of 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/18/18
LEHM
05/18/18
NO CHANGE
Target $255
LEHM
Equal Weight
NetEase price target lowered to $255 from $280 at Barclays
Barclays analyst Gregory Zhao lowered his price target for NetEase to $255 citing the "soft" Q1 print. The analyst thinks the company's revenue growth pattern and margin profile are likely to be reset. He keeps an Equal Weight rating on the shares.
CTL CenturyLink
$18.55

(0.00%)

07/18/18
07/18/18
DOWNGRADE
Target $17

Market Perform
Adtran downgraded to Market Perform after earnings at Northland
As previously reported, Northland analyst Tim Savageaux downgraded Adtran (ADTN) to Market Perform from Outperform following the company's Q2 report and Q3 revenue guidance that met consensus, stating that he views the shares as fairly valued given that he believes the earnings power needed to support a higher share price is "still a ways off." While Adtran is "slowly but clearly diversifying away" from CenturyLink (CTL), Savageaux has lowered expectations for any snap-back at CenturyLink and sees slower than expected progress at other U.S. Tier 1 telecom companies, he tells investors. The analyst, who reduced his estimates for 2019, cut his price target on Adtran shares to $17 from $20.
05/16/18
05/16/18
DOWNGRADE
Target $17.5

Underperform
CenturyLink downgraded to Underperform, good news priced in, says Macquarie
As previously reported, Macquarie downgraded CenturyLink to Underperform from Neutral with a $17.50 price target. Analyst Amy Young has increased concerns regarding secular headwinds impacting low bandwidth services, ethernet, and consumer broadband, and believes catalysts from new management, tax reform, and synergies are reflected in valuation.
06/26/18
JEFF
06/26/18
UPGRADE
JEFF
Buy
CenturyLink upgraded to Buy from Hold at Jefferies
Jefferies analyst Scott Goldman upgraded CenturyLink to Buy and raised its price target to $22 from $17 citing relatively low consumer exposure, favorable operating trends, a sustainable dividend, and improving leverage. Goldman believes investors are misguided by associating CenturyLink with the more troubled RLEC sector and notes exposure to legacy Consumer revenue is an industry low 23%. The analyst expect revenue mix to support more favorable top line declines and for EBITDA to grow in 2018, driven by a ramping Level 3 synergies.
06/26/18
06/26/18
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. Micron (MU) upgraded to Neutral from Sell at UBS with analyst Timothy Arcuri saying he sees major producers taking a more anticipatory approach to DRAM supply, which will help Micron avert the downside case he previously laid out. 2. CenturyLink (CTL) upgraded to Buy from Hold at Jefferies with analyst Scott Goldman citing relatively low consumer exposure, favorable operating trends, a sustainable dividend, and improving leverage. 3. At Home Group (HOME) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Simeon Gutman stating that its new stores are ramping quicker than initially anticipated and he has increased confidence in the company's ability to generate high teens sales growth. 4. Lam Research (LRCX) upgraded to Buy from Neutral at UBS with analyst Timothy Arcuri saying NAND shipments are already down roughly 50% and he now thinks the September bar is set so low that a favorable trend can develop into 2019. 5. MercadoLibre (MELI) upgraded to Overweight from Sector Weight at KeyBanc with analyst Brad Erickson stating that he is more bullish on the company's prospects in payments after visiting several companies in the FinTech/payments and e-commerce space in Latin America. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BKNG Booking Holdings
$2,042.16

(0.00%)

08/03/18
NEED
08/03/18
UPGRADE
NEED
Hold
TripAdvisor upgraded to Hold from at Needham on non-hotel focus
As reported earlier, 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". The analyst is positive on the company's "experience aggregator" platform and its "enormous" traffic of 450M MAUs and 150M monthly unique hotel shoppers. The analyst remains concerned about Google (GOOG) and Booking Holdings (BKNG) and Expedia (EXPE) outspending TripAdvisor on travel accommodation advertising.
07/27/18
DADA
07/27/18
NO CHANGE
Target $160
DADA
Buy
Expedia price target raised to $160 from $140 at DA Davidson
DA Davidson analyst Tom White raised his price target on Expedia to $160 and kept his Buy rating after its "big" Q2 EBITDA beat as a result of a "cool-down" in the ad market. The analyst notes that the quarter saw slowing room night growth to 12% from 15% in Q1, while HomeAway bookings also "slowed somewhat surprisingly" to 33% from 46%, but believes that the industry advertising "detente" with Booking Holdings (BKNG) should allow Expedia to invest in key initiatives that should pay off in 2019.
06/22/18
06/22/18
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. Nike (NKE) downgraded to Neutral from Buy at Buckingham with analyst Eric Tracy saying risk/reward is more balanced at current levels and remains positive on Nike's long-term fundamental positioning. 2. Cheesecake Factory (CAKE) downgraded to Hold from Buy at Maxim with analyst Stephen Anderson citing valuation. 3. Horizon Global (HZN) downgraded tow notches to Underperform from Buy at BofA/Merrill with analyst Elizabeth Suzuki saying the company recently terminated its previous plans to acquire Bring Group and withdrew 2018 guidance and the interim CEO is fighting through operational challenges, combined with significant exposure to recently announced tariffs on Chinese goods that adds to earnings uncertainty. 4. Booking Holdings (BKNG) downgraded to Hold from Buy at Benchmark with analyst Daniel Kurnos saying the risk/reward is more balanced at current share levels. 5. Valeant (VRX) downgraded to Hold from Buy at TD Securities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/17/18
RHCO
07/17/18
NO CHANGE
Target $2300
RHCO
Buy
Booking Holdings Q2 room nights growth may top guidance, says SunTrust
SunTrust analyst Naved Khan kept his Buy rating and $2,300 price target on Booking Holdings ahead of its Q2 results, saying the room nights growth for the quarter is likely to meet or modestly top its prior forecast. Khan notes that the search trends for top vacation destinations in Europe have not been impacted by World Cup, and also expects growth to continue in the second half of 2018 / 2019 on easier comps and healthy underlying macro fundamentals.

TODAY'S FREE FLY STORIES

GLNCY

Glencore

$0.00

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RH

RH

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AXON

Axovant Sciences

$1.13

-0.07 (-5.83%)

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Axovant Sciences files to sell common stock, no amount given »

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PG

Procter & Gamble

$96.50

2.47 (2.63%)

16:56
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Procter & Gamble rating change  »

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JBHT

J.B. Hunt

$95.89

-2.36 (-2.40%)

16:55
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Hot Stocks
Breaking Hot Stocks news story on J.B. Hunt »

J B Hunt Transport…

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

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GSK

GlaxoSmithKline

$37.94

0.26 (0.69%)

16:53
12/13/18
12/13
16:53
12/13/18
16:53
Initiation
GlaxoSmithKline initiated  »

GlaxoSmithKline initiated…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$265.41

-0.12 (-0.05%)

16:53
12/13/18
12/13
16:53
12/13/18
16:53
Periodicals
Federal prosecutors investigating Trump inauguration spending, WSJ reports »

Federal prosecutors in…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$265.41

-0.12 (-0.05%)

03/08/13
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MG

Mistras

$14.94

-0.79 (-5.02%)

16:52
12/13/18
12/13
16:52
12/13/18
16:52
Conference/Events
Mistras to hold a conference call »

Conference call to…

03/08/13
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AGRX

Agile Therapeutics

$0.83

-0.0037 (-0.45%)

16:51
12/13/18
12/13
16:51
12/13/18
16:51
Hot Stocks
Agile Therapeutics to resubmit the Twirla NDA in 1H19 »

On December 13, Agile…

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AMZN

Amazon.com

$1,660.00

-3.4 (-0.20%)

16:49
12/13/18
12/13
16:49
12/13/18
16:49
Periodicals
Amazon ran sting to identify counterfeit textbooks, CNBC says »

Amazon conducted a sting…

03/08/13
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  • 19

    Dec

  • 20

    Dec

AZN

AstraZeneca

$39.23

0.32 (0.82%)

16:49
12/13/18
12/13
16:49
12/13/18
16:49
Initiation
AstraZeneca initiated  »

SunTrust sees oncology…

03/08/13
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  • 13

    Dec

SBUX

Starbucks

$66.90

0.8 (1.21%)

16:46
12/13/18
12/13
16:46
12/13/18
16:46
Hot Stocks
Breaking Hot Stocks news story on Starbucks »

Starbucks says aims to…

03/08/13
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  • 13

    Dec

  • 14

    Dec

BK

BNY Mellon

$48.10

0.03 (0.06%)

16:45
12/13/18
12/13
16:45
12/13/18
16:45
Syndicate
Breaking Syndicate news story on BNY Mellon »

BNY Mellon files…

03/08/13
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03/08/13
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F

Ford

$8.50

-0.135 (-1.56%)

, GM

General Motors

$35.11

-0.58 (-1.63%)

16:41
12/13/18
12/13
16:41
12/13/18
16:41
Initiation
Ford, General Motors, Aptiv, BorgWarner, Dana, Lear initiated  »

Deutsche Bank initiates…

F

Ford

$8.50

-0.135 (-1.56%)

GM

General Motors

$35.11

-0.58 (-1.63%)

APTV

Aptiv

$66.69

-0.65 (-0.97%)

BWA

BorgWarner

$34.46

-0.68 (-1.94%)

DAN

Dana

$13.66

-0.01 (-0.07%)

LEA

Lear

$123.96

-1.23 (-0.98%)

03/08/13
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03/08/13
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03/06/13
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  • 13

    Dec

  • 23

    Jan

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    Apr

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    Oct

SEE

Sealed Air

$32.41

-1.05 (-3.14%)

16:38
12/13/18
12/13
16:38
12/13/18
16:38
Hot Stocks
Sealed Air board approves a new three-year restructuring program »

The Board of Directors of…

03/08/13
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CDE

Coeur Mining

$4.06

-0.075 (-1.82%)

16:37
12/13/18
12/13
16:37
12/13/18
16:37
Hot Stocks
Coeur Mining CFO Peter Mitchell to retire, Thomas Whelan to succeed »

Coeur Mining announced…

03/08/13
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SEE

Sealed Air

$32.41

-1.05 (-3.14%)

16:36
12/13/18
12/13
16:36
12/13/18
16:36
Hot Stocks
Sealed Air announces reinvent SEE strategy »

Sealed Air announced its…

03/08/13
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16:35
12/13/18
12/13
16:35
12/13/18
16:35
General news
Money Supply M2 Weekly Change data reported »

Week of 12/3 Money Supply…

16:35
12/13/18
12/13
16:35
12/13/18
16:35
General news
Fed Balance Sheet Level data reported »

Week of 12/12 Fed Balance…

UHS

Universal Health

$132.00

0.765 (0.58%)

16:35
12/13/18
12/13
16:35
12/13/18
16:35
Downgrade
Universal Health rating change  »

Universal Health…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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WCG

WellCare

$244.34

-0.42 (-0.17%)

16:35
12/13/18
12/13
16:35
12/13/18
16:35
Upgrade
WellCare rating change  »

WellCare upgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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SHOP

Shopify

$161.07

0.86 (0.54%)

16:35
12/13/18
12/13
16:35
12/13/18
16:35
Syndicate
Shopify files to sell 2.6M Class A subordinate voting shares »

A total of 2.6M Class A…

03/08/13
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03/06/13
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REGN

Regeneron

$378.70

0.44 (0.12%)

16:34
12/13/18
12/13
16:34
12/13/18
16:34
Upgrade
Regeneron rating change  »

Goldman upgrades…

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

    Mar

  • 28

    Apr

  • 13

    May

WMB

Williams

$23.85

(0.00%)

16:33
12/13/18
12/13
16:33
12/13/18
16:33
Hot Stocks
Williams receives FERC approval for Gateway Project »

Williams reported that…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CNC

Centene

$132.85

-1.335 (-0.99%)

16:33
12/13/18
12/13
16:33
12/13/18
16:33
Earnings
Centene backs FY18 adjusted EPS view pre-split $6.90-$7.10 »

Backs FY18 revenue view…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 14

    Dec

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