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DNB

Dun & Bradstreet

$143.75

20.95 (17.06%)

, FLS

Flowserve

$49.91

4.01 (8.74%)

09:55
08/09/18
08/09
09:55
08/09/18
09:55

Early notable gainers among liquid option names on August 9th

Notable gainers among liquid option names this morning include Dun & Bradstreet (DNB) $143.05 +20.27, Flowserve (FLS) $50.70 +4.79, CenturyLink (CTL) $19.85 +1.29, Monster Beverage (MNST) $62.14 +2.76, and Viacom (VIAB) $29.92 +1.29.

DNB

Dun & Bradstreet

$143.75

20.95 (17.06%)

FLS

Flowserve

$49.91

4.01 (8.74%)

CTL

CenturyLink

$19.82

1.27 (6.85%)

MNST

Monster Beverage

$61.40

2.01 (3.38%)

VIAB

Viacom

$30.43

1.8 (6.29%)

  • 09

    Aug

  • 09

    Aug

  • 09

    Aug

DNB Dun & Bradstreet
$143.75

20.95 (17.06%)

06/18/18
06/18/18
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. Redfin (RDFN) was downgraded to Sell from Neutral at Goldman Sachs while Zillow (Z, ZG) was downgraded to Neutral from Buy. 2. Dun & Bradstreet (DNB) downgraded to Neutral from Outperform at Baird with analyst Jeffrey Meuler saying he believes any potential take-out is already priced into the shares, the current valuation seems to limit potential upside, and the business requires more substantial changes to return it to sustainable organic growth. 3. Hibbett Sports (HIBB) downgraded to Underperform from Buy at BofA/Merrill analyst Rafe Jadrosich saying he expects negative same-store-sales declines in Q4 and continuing through 2020 as Hibbett laps the ecommerce launch and excess inventory clearance. 4. Cheesecake Factory (CAKE) downgraded to Neutral on valuation at BTIG with analyst Peter Saleh citing recent share strength. 5. Intel (INTC) downgraded to Underperform from Market Perform at Northland. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/11/18
BARD
05/11/18
NO CHANGE
Target $135
BARD
Outperform
Dun & Bradstreet may be open to acquirers, says Baird
Baird analyst Jeffrey Meuler said his investment view of Dun & Bradstreet is materially unchanged following mixed Q1 results. The analyst continues to believe the risk/reward is attractive considering its differentiated valuable data and attractive competitive position. He believes a catalyst could be a strategic evaluation and its openness to a potential acquirer. Meuler reiterated his Outperform rating and $135 price target on Dun & Bradstreet shares.
06/18/18
BARD
06/18/18
DOWNGRADE
BARD
Neutral
Dun & Bradstreet downgraded to Neutral from Outperform at Baird
06/18/18
BARD
06/18/18
DOWNGRADE
Target $135
BARD
Neutral
Dun & Bradstreet downgraded to Neutral at Baird
As reported previously, Baird analyst Jeffrey Meuler downgraded Dun & Bradstreet to Neutral from Outperform. The analyst believes any potential take-out is already priced into the shares, the current valuation seems to limit potential upside, and the business requires more substantial changes to return it to sustainable organic growth. Meuler has a $135 price target on Dun & Bradstreet shares.
FLS Flowserve
$49.91

4.01 (8.74%)

02/20/18
RBCM
02/20/18
UPGRADE
Target $46
RBCM
Sector Perform
Flowserve upgraded to Sector Perform at RBC Capital ahead of turnaround plan
As reported earlier, RBC Capital analyst Deane Dray upgraded Flowserve to Sector Perform from Underperform and raised his price target to $46 from $39. Dray cites his expectations of an announcement of a turnaround plan from the new CEO and believes the stock may have bottomed, since the Q4 operating miss and "low-balled FY18 outlook" did not produce new selling pressure.
05/14/18
DADA
05/14/18
NO CHANGE
Target $42
DADA
Neutral
Flowserve margins may stabilize in single digits, says DA Davidson
DA Davidson analyst Brent Thielman keeps his Neutral rating and $42 price target on Flowserve, saying the company's Q1 results saw GAAP operating margins decline amid "a combination of product mix, timing, execution on lower-margin backlog and more challenging industry conditions". While the analyst expects some stabilization, he also warns that Flowserve's operating margins may stabilize in the single digits vs. low to mid-teens, which could lead to a "valuation re-rating".
05/14/18
RBCM
05/14/18
NO CHANGE
Target $43
RBCM
Sector Perform
Flowserve price target lowered to $43 from $46 at RBC Capital
RBC Capital analyst Deane Dray lowered his price target on Flowserve to $43, saying the company's reiterated guidance for FY18 was a shortfall relative to "elevated" expectations of raises this earnings season. The analyst also cites another net loss in the Industrial Product Division and higher "past-due backlog" prompting a 9% sell-off in the stock price after its Q1 results. Dray keeps his Sector Perform rating on Flowserve, noting the company is still "close to bottoming" while the market awaits more turnaround detail from its new CEO.
02/20/18
02/20/18
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. Chipotle (CMG) upgraded to Hold from Sell at Stifel with analyst Chris O'Cull saying that his opinion of the company's fundamentals has not changed, but sentiment has improved and he believes investor optimism will likely outweigh fundamentals in the near-term. 2. Hyatt (H) and Marriott (MAR) were upgraded to In Line from Underperform at Evercore ISI. 3. Flowserve (FLS) upgraded to Sector Perform from Underperform at RBC Capital with analyst Deane Dray citing his expectations of an announcement of a turnaround plan from the new CEO and believes the stock may have bottomed, since the fourth quarter operating miss and "low-balled fiscal 2018 outlook" did not produce new selling pressure. 4. UPS (UPS) upgraded to Buy from Hold at Edward Jones. 5. Universal Display (OLED) upgraded to Buy from Hold at Needham with analyst James Ricchiuti saying he has been looking for the right entry point on the stock since the summer, and the recent 25% selloff from the high offers that 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.
CTL CenturyLink
$19.82

1.27 (6.85%)

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
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.
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.
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.
MNST Monster Beverage
$61.40

2.01 (3.38%)

07/19/18
BMOC
07/19/18
NO CHANGE
Target $70
BMOC
Outperform
Monster Beverage price target raised to $70 at BMO Capital on likely price hike
BMO Capital analyst Amit Sharma kept his Outperform rating on Monster Beverage while nudging his price target to $70 from $68. The analyst says the company can overcome the potential margin headwinds from rising inflation across its commodities basket with a 3-5% price increase in the U.S. to be announced later this year, while its momentum after recovery from disappointing Q1 can continue or "even strengthen".
07/16/18
RBCM
07/16/18
NO CHANGE
Target $75
RBCM
Outperform
Monster Beverage price hike to come November 1st, says RBC Capital
RBC Capital analyst Nik Modi says his industry sources have confirmed that Monster Beverage (MNST) intends to raise its prices by 4.0-5.5% on November 1st depending on the pack size, which would be in line with the management's indication of pricing review made at the June shareholder meeting. The analyst keeps his Outperform rating and $75 price target on Monster, adding that Coca Cola (KO), PepsiCo (PEP) and Keurig Dr Pepper (KDP) will also likely make pricing changes in response over the coming months.
07/11/18
STFL
07/11/18
NO CHANGE
Target $65
STFL
Buy
Monster Beverage gross margins to expand up to 200bps in 2019, says Stifel
Stifel analyst Mark Astrachan kept his Buy rating and nudged his price target on Monster Beverage to $65 from $63. The analyst says his "deep dive" analysis into the company's financials and prospects suggests that while near term cost pressures remain, gross margins could expand by 150-200bps in FY19, driven by "anticipated mid-single-digit U.S. price increase" likely coming in Q4 of this year, as well as the moderating input cost pressure offset by negative international and U.S. sales mix.
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).
VIAB Viacom
$30.43

1.8 (6.29%)

08/03/18
JPMS
08/03/18
NO CHANGE
Target $75
JPMS
Overweight
CBS fundamentals are 'clearly not the issue,' says JPMorgan
Fundamentals are "clearly not the issue" for CBS (CBS) shares as the company continues to deliver or exceed expectations on comp growth, content sales, and over-the-top offerings, JPMorgan analyst Alexia Quadrani tells investors in a post-earnings research note titled "Another Beat and Favorable Outlook But That is Not the Near-Term Story." Unfortunately, the near term focus will remain on potential management changes, a court battle to determine who really controls the strategic direction of the company and how well CBS is positioned longer-term as a standalone or combined with Viacom (VIAB), the analyst adds. As such, the analyst sees CBS shares as range-bound in the near-term. However, over the longer-term, Quadrani believes "it is hard to ignore the obvious disconnect between valuation and the ongoing healthy earnings growth profile for the next few years." She reiterates an Overweight rating on CBS with a $75 price target.
08/06/18
LOOP
08/06/18
NO CHANGE
Target $33
LOOP
Hold
Viacom affiliate revenue to come down, says Loop Capital
Loop Capital analyst Alan Gould kept his Hold rating and $33 price target on Viacom (VIAB) ahead of its Q3 results but lowered his EPS estimate by 5c to $1.05 and his FY19 EPS view to $4.50 from $4.75. The analyst cites a more cautious outlook on future affiliate negotiations and a reduced TV revenue with no major affiliate renewal deals expected until the second half of 2019. Though Gould notes that valuation on the stock is inexpensive, he also expects any potential CBS (CBS) tie-up not to yield a premium paid by either side.
08/07/18
ARGS
08/07/18
DOWNGRADE
ARGS
Hold
CBS downgraded to Hold at Argus
As reported earlier, Argus analyst Joseph Bonner downgraded CBS (CBS) to Hold, noting significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIAB) merger. Bonner notes that if the Moonves allegations are proven true, he would be immediately dismissed, which could end the board's bid to remain independent and thereby inflict damage on the shareholders. As part of his research note discussing the "mounting risks", Bonner also lowers his CBS FY18 EPS estimate to $5.25 from $5.29.
08/07/18
08/07/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BOFA CUTS ZILLOW TO NEUTRAL: BofA Merrill Lynch analyst Nat Schindler downgraded Zillow (Z, ZG) to Neutral from Buy and cut its price target to $60 from $70 following the Q2 report and reduction in guidance. Schindler said the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook was cut, and other revenue also missed, indicating the new construction opportunity is also taking longer to materialize. Zillow Class A shares are down about 17% in late morning trading. MORGAN STANLEY SAYS WAYMO COULD BE WORTH $175B: Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's (GOOG, GOOGL) Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares. GOLDMAN RAISES NVIDIA TARGET AHEAD OF EARNINGS: Goldman Sachs analyst Toshiya Hari raised his price target for Nvidia (NVDA) to $324 from $310 ahead of quarterly results. Unlike the past 10 quarters where the company handily beat Street estimates and raised guidance, the analyst expects a "noisy" quarter with the focal points being the upcoming product transition in Gaming, the current product transition in Datacenter, weakness in cryptocurrency mining, and potential disruption from the virus attack at TSMC (TSM). That said, Hari noted that his long-term bull thesis on Nvidia remains intact and reiterated a Buy rating on the shares. ARGUS CUTS CBS TO HOLD: Argus analyst Joseph Bonner downgraded CBS (CBS) to Hold from Buy, noting significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIA, VIAB) merger. Bonner noted that if the Moonves allegations are proven true, he would be immediately dismissed, which could end the board's bid to remain independent and thereby inflict damage on the shareholders.

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