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MCHP

Microchip

$97.93

0.16 (0.16%)

, INVH

Invitation Homes

$23.71

0.145 (0.62%)

13:00
08/09/18
08/09
13:00
08/09/18
13:00

Notable companies reporting after market close

Notable companies reporting after the market close, with earnings consensus, include Microchip (MCHP), consensus $1.48... Invitation Homes (INVH), consensus (1c)... Dropbox (DBX), consensus 7c... News Corp. (NWSA), consensus 6c... Lionsgate (LGF.A), consensus (7c)... Planet Fitness (PLNT), consensus 31c... Universal Display (OLED), consensus 15c... Trade Desk (TTD), consensus 44c... TrueCar (TRUE), consensus 3c.

MCHP

Microchip

$97.93

0.16 (0.16%)

INVH

Invitation Homes

$23.71

0.145 (0.62%)

DBX

Dropbox

$33.98

2.44 (7.74%)

NWSA

News Corp.

$15.34

0.2 (1.32%)

LGF.A

Lionsgate

$23.14

0.29 (1.27%)

PLNT

Planet Fitness

$49.27

0.94 (1.95%)

OLED

Universal Display

$102.30

0.3 (0.29%)

TTD

Trade Desk

$92.33

1 (1.09%)

TRUE

TrueCar

$11.46

0.14 (1.24%)

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MCHP Microchip
$97.93

0.16 (0.16%)

08/09/18
MSCO
08/09/18
NO CHANGE
MSCO
Morgan Stanley downgrades semiconductor industry view to Cautious
Morgan Stanley analyst Joseph Moore said he has become less constructive on semiconductor stocks through the year and he now believes elevated inventory levels and stretched lead times leave "no margin for error." Given his view that any lead time adjustment or demand slowdown could drive a "meaningful correction," Moore has downgraded his semiconductor industry view to Cautious from In-Line. He favors connector companies, like Amphenol (APH) and TE Connectivity (TEL) over analog/MCU at this point in the cycle, due to lower risk around lead time issues, Moore said. He also has a "strong preference" for high margin and more defensive models, such as Analog Devices (ADI) over lower margin and commodity exposed ones, like Cypress Semiconductor (CY) and ON Semiconductor (ON), he said. Despite his more cautious view on the space, Moore keeps Overweight ratings on Nvidia (NVDA), Xilinx (XLNX) and Ambarella (AMBA), citing his view that they should benefit from secular growth in the area of AI, data center, and autonomous. Other semiconductor names include Microchip (MCHP), Qorvo (QRVO), Micron (MU), Intel (INTC), Broadcom (AVGO) and Qualcomm (QCOM).
07/27/18
PIPR
07/27/18
NO CHANGE
Target $150
PIPR
Overweight
Microchip price target raised to $150 from $110 at Piper Jaffray
Piper Jaffray analyst Harsh Kumar raised his price target for Microchip Technology to $150 ahead of the company's Q2 results. The analyst believes Microchip has "significant room" to continue to beat earnings estimates for several quarters in a row. Further, his sensitivity analysis shows the company has the ability to generate "significant" free cash flow in order to meet both the dividend and the debt obligations, even if the company growth were to slow down to 0% or even potentially decline by 3%. He keeps an Overweight rating on Microchip shares.
07/23/18
MSCO
07/23/18
NO CHANGE
MSCO
Tariff uncertainty a potential risk to semiconductor demand, says Morgan Stanley
Morgan Stanley analyst Joseph Moore said the firm's quarterly survey of distributors leads him to expect "solid" Q2 results and Q3 guidance from broad-based semiconductor companies this earnings season as demand remains strong. However, the present tariff related uncertainty present a risk for a "demand shock" that could lead to an inventory unwind in the semi supply chain, Moore warns investors. He thinks the potential of further semi stock outperformance is limited at this stage of the cycle, while "even the slightest whiff on the demand front" could lead to a significant decline in stocks, he tells investors. Moore added that he favors companies with more defensive characteristics, such as Analog Devices (ADI), over those with more commodity exposure and lower margins, like Cypress Semiconductor (CY). Other publicly traded companies in the semiconductors space include Micron (MU), AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN). Shares of Micron are down 2.5% in pre-market trading to $53.65.
07/19/18
NOMU
07/19/18
INITIATION
NOMU
Nomura rolls out Analog Semi coverage, names ON top pick
Nomura Instinet analyst Krysten Sciacca last night rolled out coverage on Analog Semiconductors. The analyst expects the group to outperform throughout the remainder of 2018 given its "steadier business models" versus other semi sectors, "strong" free cash flow generation and the "strong" demand coming from the auto and industrial applications. Her top pick is ON Semiconductor (ON), which the analyst initiated with a Buy rating and $30 price target. ON currently trades at a 35% discount to the Analog group, but its multiple should expand as investors come to better appreciate the company's exposure to industrial and auto, Sciacca told investors in a research note. She believes the company's 2020 target model will likely prove conservative. Sciacca also initiated coverage of Microchip (MCHP) with a Buy rating and $110 price target. The stock currently trades at a 22% discount to the comp group, but its "aggressive" de-leveraging, market share gains, and "strong" executional track record warrant the stock returning to its historical five-year average premium of 2%, the analyst contends. She initiated Cree (CREE) with a Hold rating and $44 price target saying the stock is already pricing in tailwinds and assumed coverage of Analog Devices (ADI) with a Neutral rating and $100 price target.
INVH Invitation Homes
$23.71

0.145 (0.62%)

03/29/18
BARD
03/29/18
INITIATION
Target $25
BARD
Outperform
Invitation Homes initiated with an Outperform at Baird
As reported previously, Baird analyst Drew Babin initiated Invitation Homes with an Outperform rating as he believes its current valuation represents a discount to NAV and that the expected deleveraging and internal growth driven AFFO growth will justify additional multiple expansion. Babin has a $25 price target on Invitation Homes shares.
05/16/18
ZELM
05/16/18
DOWNGRADE
ZELM
Hold
Invitation Homes downgraded to Hold from Buy at Zelman
05/16/18
DBAB
05/16/18
NO CHANGE
DBAB
Buy
Invitation Homes pullback a buying opportunity, says Deutsche Bank
Deutsche Bank analyst Vin Chao views the post-earnings weakness yesterday in shares of Invitation Homes as an "enhanced" buying opportunity. The analyst did not see anything in the Q1 report to change his positive long-term view of supply/demand for the single-family rental market and for Invitation's "even more supply insulated, in-fill markets on the West Coast and Florida." He keeps a Buy rating on Invitation Homes.
03/29/18
03/29/18
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. Boeing (BA), Allegheny Technologies (ATI), Textron (TXT), Spirit AeroSystems (SPR), Northrop Grumman (NOC), Bombardier (BDRBF), Huntington Ingalls (HII), L3 (LLL) and General Dynamics (GD) were initiated with an Overweight at Barclays, while Arconic (ARNC), Harris (HRS), Lockheed Martin (LMT), Triumph Group (TGI), Raytheon (RTN) and Hexcel (HXL) initiated with an Equal Weight and Esterline (ESL) and BWX Technologies (BWXT) were initiated wtih an Underweight. 2. Spotify (SPOT) initiated with an Outperform at RBC Capital. 3. International Paper (IP) initiated with a Buy at UBS. 4. American Homes 4 Rent (AMH) and Invitation Homes (INVH) initiated with an Outperform at Baird. 5. Pilgrim's Pride (PPC) initiated with a Buy at Mizuho. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DBX Dropbox
$33.98

2.44 (7.74%)

05/11/18
ADAM
05/11/18
NO CHANGE
Target $36
ADAM
Buy
Dropbox weakness a buying opportunity, says Canaccord
Canaccord analyst Richard Davis noted Dropbox shares sold off following its Q1 earnings release but he said he would be an "aggressive buyer" of the shares using the weakness as a buying opportunity. He noted the company delivered upside on every metric and made progress on customer additions, ARPU, and product innovation. Davis reiterated his Buy rating and raised his price target to $36 from $35 on Dropbox shares.
05/17/18
DBAB
05/17/18
NO CHANGE
DBAB
Buy
Google changes unlikely to impact Dropbox, says Deutsche Bank
Dropbox (DBX) rival Google (GOOG, GOOGL) this week announced some changes to its consumer-based cloud storage service, Deutsche Bank analyst Karl Keirstead tells investors in a research note. The analyst notes that Google is moving all paid Google Drive consumer subscribers to a newly named Google One service, which includes added storage capacity options, "expert assistance" and the ability to add family members. Google also cut the price of its 2TB capacity plan in half, to $10 from $20 per month, Keirstead adds. He does not see these changes materially impacting Dropbox and keeps a Buy rating on the shares.
08/01/18
08/01/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. JEFFERIES UPGRADES DROPBOX TO BUY: Jefferies analyst John DiFucci upgraded Dropbox (DBX) to Buy from Hold with an unchanged price target of $32. The analyst is not making a call on the Q2 results, which come on August 9. Rather, the upgrade is based "entirely on valuation," he stated. Dropbox is up 4.7% in late morning trading. JEFFERIES UPGRADES PAPA JOHN'S: Jefferies analyst Alexander Slagle upgraded Papa John's (PZZA) to Buy from Hold and raised his price target for the shares to $58 from $52. The stock, down 50% from highs, now reflects the likelihood that fundamentals will get worse before improving, Slagle said. After reviewing the company's potential path to recovery and possible strategic actions that could create shareholder value, the analyst has a bull case of $75 per share. He thinks this outweighs the bear case, or downside risk, of $35 per share. SAREPTA UPGRADED AFTER PULLBACK: Morgan Stanley analyst Matthew Harrison upgraded Sarepta Therapeutics (SRPT) to Overweight from Equal Weight, noting that the stock has given up much of the gains it saw when its initial DMD gene therapy data was announced. He sees the pullback as an opportunity to own the stock near pre-DMD gene therapy levels without taking the binary risk. He doesn't think a major bear case has emerged on the prospects for the company's DMD gene therapy program and he sees major catalysts in the second half of this year that he believes the market is missing. Harrison has a $163 price target on Sarepta shares. PIPER CUTS SHOPIFY TO NEUTRAL: Piper Jaffray analyst Michael Olson downgraded Shopify (SHOP) to Neutral from Overweight and lowered his price target to $145 from $155, saying that Shopify's Q2 was "good, but not good enough" with monthly recurring revenue below investor expectations. While Olson said Shopify is performing well, he believes their performance is mostly reflected in the stock's current valuation. PIPER RECOMMENDS BIOGEN AFTER MANAGEMENT MEETING: After hosting investor meetings with Biogen (BIIB) investor relations this week, Piper Jaffray analyst Christopher Raymond came away feeling like the "all-important" high-dose APOE4 subset analysis of the BAN2401 results "may be provided sooner than later." If shown to have little impact on the overall placebo-adjusted ADCOMS benefit, this should be an important event, Raymond said. Coupling this with "continued solid commercial momentum and a host of other value-enhancing catalysts," the analyst continues to like the risk/reward on Biogen. He kept an Overweight rating on shares with a $400 price target.
08/01/18
JEFF
08/01/18
UPGRADE
Target $32
JEFF
Buy
Dropbox upgraded to Buy from Hold at Jefferies
Jefferies analyst John DiFucci upgraded Dropbox to Buy with an unchanged price target of $32. The analyst is not making a call on the Q2 results, which come on August 9. Rather, the upgrade is based "entirely on valuation." The stock is down 16% over the past week "on no material change," DiFucci tells investors in a research note. He continues to view Dropbox's "attractive, sustainable model as unique in software."
NWSA News Corp.
$15.34

0.2 (1.32%)

03/15/18
LOOP
03/15/18
INITIATION
Target $17
LOOP
Hold
News Corp. initiated with a Hold at Loop Capital
Loop Capital analyst Alan Gould started News Corp. with a Hold rating and $17 price target. The analyst cites valuation for the Hold rating and believes the Foxtel transaction could weigh on the company's near-term growth rate.
01/31/18
DADA
01/31/18
NO CHANGE
Target $174
DADA
Neutral
Thomson Reuters-Blackstone F&R talks are negative for FactSet, says DA Davidson at DA Davidson
DA Davidson analyst Peter Heckmann says that yesterday's disclosure of advanced talks between Blackstone (BX) and Thomson Reuters (TRI) about the sale of the latter's Financial & Risk - F&R - operations is a negative for Factset (FDS). The analyst believes that most of the market share wins for Factset have come from Reuters over the past two decades, and Blackstone's ability to better focus investments in the financial data business may make competitive wins for difficult. Heckmann keeps his Neutral rating and $174 price target, adding "FactSet's shares will be challenged to outperform the peer group over the next year".
12/18/17
BMOC
12/18/17
DOWNGRADE
Target $35
BMOC
Market Perform
21st Century Fox downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Daniel Salmon downgraded 21st Century Fox to Market Perform and kept his $35 price target following the Disney (DIS) deal announcement. Salmon says he likes the "slimmed-down focus on live news and sports", and contends that a re-combination with News Corp (NWSA) may be logical down the road, but prefers to be more cautious at this juncture amid an uncertain regulatory pathway ahead.
LGF.A Lionsgate
$23.14

0.29 (1.27%)

03/15/18
LOOP
03/15/18
INITIATION
Target $36
LOOP
Buy
Lionsgate initiated with a Buy at Loop Capital
Loop Capital analyst Alan Gould started Lionsgate (LGF.B) with a Buy rating and $36 price target. The company operates in the "sweet spot" of the media industry, content creation, and is not as impacted by advertising or cord cutting, the analyst contends. The analyst views the recent pullback in the shares as a buying opportunity.
03/21/18
LOOP
03/21/18
NO CHANGE
Target $36
LOOP
Buy
Lionsgate shares offer attractive entry at current levels, says Loop Capital
After hosting a dinner with CFO James Barge, Loop Capital analyst Alan Gould continues to believe Lionsgate Entertainment is well positioned "operating in the sweet spot" of the media industry and content creation. The company offers an "attractive asset" in a consolidating industry environment, Gould tells investors in a research note. The analyst thinks lower expectations have created an attractive entry price. He keeps a Buy rating on Lionsgate with a $36 price target.
06/13/18
ARGS
06/13/18
NO CHANGE
Target $31
ARGS
Buy
Lionsgate price target lowered to $31 from $38 at Argus
Argus analyst Joseph Bonner lowered his price target on Lionsgate to $31, reflecting the management's flat earnings growth expectations in FY19 due to increased programming investments. The analyst is also lowering his FY19 EPS view to $1.30 from $1.42, while initiating FY20 EPS outlook of $1.40. Longer term, Bonner keeps his Buy rating on Lionsgate as the company ramps up its production in both the Motion Picture and Television segments and also points to its valuation of 1.9-times enterprise value to sales being 24% below peer average.
07/18/18
RHCO
07/18/18
UPGRADE
RHCO
Buy
Lionsgate upgraded to Buy from Hold at SunTrust
PLNT Planet Fitness
$49.27

0.94 (1.95%)

07/11/18
PIPR
07/11/18
NO CHANGE
Target $51
PIPR
Overweight
Planet Fitness price target raised to $51 from $47 at Piper Jaffray
Piper Jaffray analyst Peter Keith raised his price target for Planet Fitness to $51 following the company's announced debt refinance. Importantly, Planet Fitness will likely use an increased cash position to begin repurchasing stock as early as Q4, Keith tells investors in a research note. The analyst finds it reasonable that the company can repurchase $400M-$900M of stock in 2019, or 10%-20% of its market capitalization. He reiterates an Overweight rating on the shares.
06/25/18
BARD
06/25/18
NO CHANGE
Target $50
BARD
Outperform
Planet Fitness price target raised to $50 from $45 at Baird
Baird analyst Jonathan Komp raised his price target on Planet Fitness to $50 from $45 based on its bullish long-term outlook on a sizable opportunity, multiple comp drivers, attractive financial model, and addition upside levers. Komp reiterated his Outperform rating on Planet Fitness shares.
06/20/18
BREN
06/20/18
INITIATION
Target $53
BREN
Buy
Planet Fitness initiated with a Buy at Berenberg
Berenberg started Planet Fitness with a Buy rating and $53 price target.
07/23/18
DADA
07/23/18
NO CHANGE
Target $56
DADA
Buy
Planet Fitness price target raised to $56 from $45 at DA Davidson
DA Davidson analyst Michael Kawamoto raised his price target on Planet Fitness to $56 and kept his Buy rating, citing the company's position as the "leading franchised gym concept" poised for further growth in overall revenues and same store sales. The analyst also points to its plans for new equipment options which will provide a "more personalized and connected experience for Planet Fitness members", noting that its current testing of multiple equipment manufacturers after the recent expiration of Life Fitness contract will allow it to differentiate the members' gym experience from the competition.
OLED Universal Display
$102.30

0.3 (0.29%)

05/29/18
GSCO
05/29/18
NO CHANGE
Target $150
GSCO
Buy
Goldman still constructive on Universal Display shares after conferences
Following last week's SID DisplayWeek and his firm's Technet conference in Hong Kong, Goldman Sachs analyst Brian Lee remains constructive on shares of Universal Display (OLED). The stock is rallying today after Korea's ETNews reported that Apple (AAPL) is planning to use OLED screens in all three of its iPhone models in 2019. Lee, who did not cite Apple in his research note this morning, continues to see an attractive setup into the second half of 2018 for Universal Display. Investor sentiment is "tepid" despite the potential for normalizing materials volume trends at Samsung (SSNLF) starting in Q3, continued strength in TVs, and mid-to-long term upside in blue phosphorescent, Lee wrote in a research note. The analyst reiterated a Buy rating on the shares with a $150 price target.
05/29/18
JPMS
05/29/18
NO CHANGE
JPMS
Apple OLED screen report looks like a 'false alarm,' says JPMorgan
After multiple OLED supply chain stocks reacted positively to media reports indicating that Apple (AAPL) will convert all of its new iPhone models in 2019 to OLED screens, JPMorgan analyst Jay Kwon said his findings make this appear to be a "false alarm." While he maintains his base-case view of "two OLED and one LCD" iPhones in 2019, Kwon said he also believes additional capacity build-up would be unnecessary even in an "all iPhone with OLED" scenario, as he believes current industry supply could handle an additional demand of about 50M units. The Fly notes that shares of Universal Display (OLED) are up 8% to $107.75 in morning trading following the ET News report about Apple that was quoted earlier by Apple Insider.
04/06/18
04/06/18
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. Valeant (VRX) upgraded to Neutral from Underperform at Mizuho with analyst Irina Koffler saying while she remains concerned about Valeant's return to revenue growth, sees no near-term "sell catalysts." 2. Patterson Companies (PDCO) upgraded to Buy from Hold at Craig-Hallum with analyst Kevin Ellich saying that his sum-of-parts analysis suggests the company could unlock value by splitting its dental and animal health businesses. 3. Prologis (PLD) and AvalonBay (AVB) were upgraded to Buy from Neutral at Citi. 4. Universal Display (OLED) upgraded to Outperform from Perform at Oppenheimer with analyst Andrew Uerkwitz saying with the shares down 41% year-to-date, the stock is oversold and the risks are fully priced in. 5. Halyard Health (HYH) upgraded to Overweight from Sector Weight at KeyBanc with analyst Matthew Mishan saying he sees the company's earnings growth accelerating and valuation re-rating following the sale of its Surgical & Infection Prevention unit. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/21/18
ROTH
05/21/18
INITIATION
Target $136
ROTH
Buy
Universal Display initiated with a Buy at Roth Capital
Roth Capital analyst Scott Searle started Universal Display with a Buy rating and $136 price target, citing his view that Organic Light Emitting Diodes are "an eventuality for mobile displays and ultimately TVs." Universal Display is the leading supplier of emitters and intellectual property for the OLED market, added Searle.
TTD Trade Desk
$92.33

1 (1.09%)

07/09/18
07/09/18
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. GAMESTOP STARTED WITH A BUY: Jefferies analyst Stephanie Wissink started GameStop (GME) with a Buy rating and $18 price target. Her contrarian view on the stock is that under potential new leadership with a well defined vision and execution plan, the stock's valuation, which she feels is "overlooked and overly discounted," could improve. GameStop is higher by 2.5% in midday trading. PIPER SEES CISCO LOSING SECURITY SHARE TO PALO ALTO: Piper Jaffray analyst James Fish says his firm's recent channel survey work across networking and security were weaker than he's seen in past calendar quarters for Cisco Systems (CSCO). Cisco's Security survey results were "especially weak," implying Palo Alto Networks (PANW) is taking market share, the analyst said, although the former remains his top networking pick. He kept an Overweight rating on Cisco shares, which were down almost 1% in midday trading. JEFFERIES DOWNGRADES P&G: Jefferies analyst Kevin Grundy downgraded Procter & Gamble (PG) to Hold from Buy and lowered his price target for the shares to $79 from $83. Slowing market growth, volatility in emerging markets, U.S. retail difficulties, the stronger U.S. dollar and "pricing challenges" should drive estimates lower, Grundy told investors in a research note titled "Tide Unlikely to Turn: Downgrade to Hold as Bull Thesis Wanes." Grundy said he preferred shares of Church & Dwight (CHD) and Energizer (ENR) for exposure to the Home and Personal Care space. TRADE DESK STARTED WITH A SELL: Pivotal Research analyst Brian Wieser initiated Trade Desk (TTD) with a Sell rating and $58 price target, stating that he believes the company can grow rapidly this year but should then see its growth decelerate. He believes its growth will plateau at a size smaller than Criteo's (CRTO), on which Wieser also initiated coverage this morning with a Buy rating. WELLS FARGO DOWNGRADES TWO THEME PARKS: Wells Fargo analyst Timothy Conder downgraded both SeaWorld (SEAS) and Six Flags (SIX) to Market Perform from Outperform, citing valuation, negative seasonal trading patterns, and weather impact, despite ongoing favorable consumer fundamentals and the key Q3 just starting. SeaWorld is trading down 1.3%, while Six Flags is down 1.7% at midday.
07/10/18
NOMU
07/10/18
INITIATION
NOMU
Nomura Instinet initiates coverage on Americas Internet
Nomura Instinet initiated coverage on nine names within the Americas Internet sector. The firm believes, overall, that there is "still some room for growth in digital advertising for the foreseeable future" and believes it will be led primarily by digital video and social, and primarily on mobile devices. The firm added that, as a result of slowing user growth and already high internet penetration, the growth will likely be led by pricing, rather than volume, and the consistent shift away from offline to online media. Nomura Instinet forecast the global digital advertising market "will grow at a 15% five-year CAGR through 2020 as digital ads work toward constituting half of total advertising spend," which the firm expects to occur in 2020. Nomura Instinet initiated Alphabet Class A (GOOGL), Facebook (FB), and Spotify (SPOT) with Buy ratings, and added that Alphabet and Facebook were the best positioned in this newly regulated industry. It initiated Netflix (NFLX), Snap (SNAP), Trade Desk (TTD), Criteo (CRTO), and Pandora (P) with Neutral ratings. It initiated Twitter (TWTR) with a Reduce rating, saying that while it is a "stable long-term asset that has something for everyone," the firm believes the market is pricing in "a significant advertising reacceleration that implies a shift in ad spend," while the firm expects "stability instead of a reacceleration of growth."
07/10/18
NOMU
07/10/18
INITIATION
Target $87
NOMU
Neutral
Trade Desk initiated with a Neutral at Nomura Instinet
Nomura initiated Trade Desk with a Neutral and $87 price target.
07/09/18
PIVT
07/09/18
INITIATION
Target $58
PIVT
Sell
Trade Desk initiated with a Sell at Pivotal Research
Pivotal Research analyst Brian Wieser initiated Trade Desk (TTD) with a Sell rating and $58 price target, stating that he believes the company can grow rapidly this year but should then see its growth decelerate. He believes its growth will plateau at a size smaller than Criteo's (CRTO), on which Wieser also initiated coverage this morning with a Buy rating.
TRUE TrueCar
$11.46

0.14 (1.24%)

03/22/18
BNCH
03/22/18
INITIATION
Target $18
BNCH
Buy
TrueCar initiated with a Buy at Benchmark
Benchmark started TrueCar with a Buy rating and $18 price target.
06/07/18
GSCO
06/07/18
DOWNGRADE
Target $9
GSCO
Sell
TrueCar downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Christopher Merwin downgraded TrueCar (TRUE) to Sell and lowered his price target for the shares to $9 from $11. Growing competition in the auto vertical creates further downside in the shares, which are already down 12% year-to-date, Merwin tells investors in a research note. He notes that as of Q1, CarGurus (CARG) had reached 18% audience market share, relative to 4% for TrueCar, according to comScore. The analyst believes TrueCar may have to step up marketing to reclaim audience market share, creating risk to consensus revenue growth estimates.
04/04/18
DADA
04/04/18
INITIATION
Target $9.75
DADA
Neutral
TrueCar initiated with a Neutral at DA Davidson
DA Davidson analyst Tom White initiated TrueCar with a Neutral rating and a price target of $9.75. White states that the company's online car buying platform empowers consumers with transaction prices on car sales in their local market, and its business model could be disruptive in the automotive marketing industry. However, the analyst also notes the rising competition in the online auto marketplace, opting to await more concrete signs that TrueCar's efforts are translating into rising conversion rates as it targets 20% growth and margin expansion in FY19.
03/22/18
BNCH
03/22/18
INITIATION
Target $42
BNCH
Buy
Benchmark starts online automotive advertising marketplace with two buys
Benchmark analyst Daniel Kurnos rolled out coverage of the online automotive advertising marketplace with two Buys and one Hold rating. The analyst initiated CarGurus (CARG) and TrueCar (TRUE) with Buy ratings and price targets of $42 and $18, respectively. Kurnos also started Cars.com (CARS) with a Hold rating and no price target. The entire space is poised to benefit from positive secular tailwinds during the next five years as more money shifts to digital channels, Kurnos tells investors in a research note. His survey of 54 dealer and dealer groups indicates the online automotive advertising marketplace is not a winner-take-all scenario, but rather a "rising tide environment." The survey also indicated a "relatively unfavorable outlook and sentiment" regarding Cars.com.

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YELP

Yelp

$34.60

0.19 (0.55%)

20:47
12/09/18
12/09
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Gilead

$68.17

-2.01 (-2.86%)

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$0.00

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20:38
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20:38
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20:38
Periodicals
Gilead to hire Roche's Daniel O'Day as next CEO, WSJ reports »

Gilead Sciences (GILD)…

GILD

Gilead

$68.17

-2.01 (-2.86%)

RHHBY

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$0.00

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UN

Unilever; also tag UL

$55.49

0.13 (0.23%)

, UL

Unilever; also tag UN

$54.04

0.17 (0.32%)

20:29
12/09/18
12/09
20:29
12/09/18
20:29
Downgrade
Unilever; also tag UL, Unilever; also tag UN rating change  »

Unilever downgraded to…

UN

Unilever; also tag UL

$55.49

0.13 (0.23%)

UL

Unilever; also tag UN

$54.04

0.17 (0.32%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 03

    Mar

JELD

Jeld-Wen

$16.85

-0.61 (-3.49%)

20:27
12/09/18
12/09
20:27
12/09/18
20:27
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Jeld-Wen rating change  »

Jeld-Wen downgraded to…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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FBHS

Fortune Brands

$42.60

0.07 (0.16%)

20:27
12/09/18
12/09
20:27
12/09/18
20:27
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Fortune Brands rating change  »

Fortune Brands upgraded…

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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ANPDY

Anta Sports Products

$0.00

(0.00%)

19:46
12/09/18
12/09
19:46
12/09/18
19:46
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Anta Sports Products rating change  »

Anta Sports Products…

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

KKR Real Estate Finance

$19.71

-0.095 (-0.48%)

19:42
12/09/18
12/09
19:42
12/09/18
19:42
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KKR Real Estate Finance rating change  »

KKR Real Estate upgraded…

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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KTOS

Kratos Defense

$13.64

-0.11 (-0.80%)

19:34
12/09/18
12/09
19:34
12/09/18
19:34
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Kratos Defense rating change  »

Kratos Defense upgraded…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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AAPL

Apple

$168.37

-6.37 (-3.65%)

, MSFT

Microsoft

$104.90

-4.27 (-3.91%)

19:30
12/09/18
12/09
19:30
12/09/18
19:30
Hot Stocks
Fly Intel: Top five weekend stock stories »

Catch up on the…

AAPL

Apple

$168.37

-6.37 (-3.65%)

MSFT

Microsoft

$104.90

-4.27 (-3.91%)

DIS

Disney

$112.00

-1.385 (-1.22%)

PYPL

PayPal

$82.78

-3.07 (-3.58%)

AMAT

Applied Materials

$33.65

-1.04 (-3.00%)

CAT

Caterpillar

$123.54

-4.69 (-3.66%)

LEN

Lennar

$42.00

-0.43 (-1.01%)

NFLX

Netflix

$265.14

-17.66 (-6.24%)

PANW

Palo Alto Networks

$175.11

-6.73 (-3.70%)

DB

Deutsche Bank

$8.74

-0.155 (-1.74%)

LITE

Lumentum

$41.92

-2.81 (-6.28%)

OCLR

Oclaro

$8.27

-0.165 (-1.96%)

FNSR

Finisar

$22.49

-0.53 (-2.30%)

ZTCOY

ZTE Corp.

$0.00

(0.00%)

CIEN

Ciena

$31.30

-0.95 (-2.95%)

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

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  • 11

    Dec

  • 12

    Dec

  • 13

    Dec

  • 13

    Dec

  • 18

    Dec

  • 19

    Dec

  • 09

    Jan

  • 10

    Jan

  • 03

    Mar

LITE

Lumentum

$41.92

-2.81 (-6.28%)

, OCLR

Oclaro

$8.27

-0.165 (-1.96%)

18:16
12/09/18
12/09
18:16
12/09/18
18:16
Periodicals
Huawei CFO seeking bail, Reuters reports »

Huawei Chief Financial…

LITE

Lumentum

$41.92

-2.81 (-6.28%)

OCLR

Oclaro

$8.27

-0.165 (-1.96%)

FNSR

Finisar

$22.49

-0.53 (-2.30%)

ZTCOY

ZTE Corp.

$0.00

(0.00%)

INFN

Infinera

$4.38

-0.21 (-4.58%)

CIEN

Ciena

$31.30

-0.95 (-2.95%)

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

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  • 13

    Dec

KERX

Keryx

$3.14

-0.035 (-1.10%)

, AKBA

Akebia

$8.52

-0.02 (-0.23%)

16:51
12/09/18
12/09
16:51
12/09/18
16:51
Conference/Events
Akebia to host special shareholder meeting »

Special Shareholder…

KERX

Keryx

$3.14

-0.035 (-1.10%)

AKBA

Akebia

$8.52

-0.02 (-0.23%)

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

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  • 11

    Dec

  • 11

    Dec

AKBA

Akebia

$8.52

-0.02 (-0.23%)

, KERX

Keryx

$3.14

-0.035 (-1.10%)

16:49
12/09/18
12/09
16:49
12/09/18
16:49
Conference/Events
Keryx to host special shareholder meeting »

Special Shareholder…

AKBA

Akebia

$8.52

-0.02 (-0.23%)

KERX

Keryx

$3.14

-0.035 (-1.10%)

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

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  • 11

    Dec

  • 11

    Dec

DVMT

Dell Technologies

$104.01

-1.51 (-1.43%)

16:35
12/09/18
12/09
16:35
12/09/18
16:35
Conference/Events
Dell Technologies to host special shareholder meeting »

Special Shareholder…

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

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  • 11

    Dec

  • 07

    Mar

T

AT&T

$30.14

-0.38 (-1.25%)

, CMCSA

Comcast

$37.41

-0.46 (-1.21%)

16:34
12/09/18
12/09
16:34
12/09/18
16:34
Hot Stocks
Box Office Battle: 'Ralph Breaks the Internet' leads top office with $16.1M »

Disney's (DIS)…

T

AT&T

$30.14

-0.38 (-1.25%)

CMCSA

Comcast

$37.41

-0.46 (-1.21%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$51.19

-0.67 (-1.29%)

FOX

21st Century Fox

$48.99

-0.23 (-0.47%)

FOXA

21st Century Fox

$49.26

-0.21 (-0.42%)

LGF.A

Lionsgate

$17.58

0.28 (1.62%)

DIS

Disney

$112.00

-1.385 (-1.22%)

VIAB

Viacom

$29.91

-0.09 (-0.30%)

VIA

Viacom

$33.19

0.11 (0.33%)

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

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  • 10

    Dec

  • 30

    Jan

  • 20

    Mar

CNC

Centene

$133.28

-2.1 (-1.55%)

16:09
12/09/18
12/09
16:09
12/09/18
16:09
Conference/Events
Centene to hold a meeting »

2019 Financial Guidance…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 14

    Dec

FTI

TechnipFMC

$21.00

-0.69 (-3.18%)

16:00
12/09/18
12/09
16:00
12/09/18
16:00
Conference/Events
TechnipFMC to hold a conference call »

Conference call to…

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

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CPRX

Catalyst Pharmaceuticals

$2.39

0.16 (7.17%)

15:56
12/09/18
12/09
15:56
12/09/18
15:56
Conference/Events
Catalyst Pharmaceuticals to hold a conference call »

Conference call to…

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

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  • 13

    Dec

WPP

WPP

$52.11

-0.39 (-0.74%)

14:22
12/09/18
12/09
14:22
12/09/18
14:22
Conference/Events
WPP to host investor day »

Investor Day to be held…

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

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  • 11

    Dec

VISI

Volt Information Sciences

$2.64

-0.05 (-1.86%)

14:11
12/09/18
12/09
14:11
12/09/18
14:11
Conference/Events
Volt Information Sciences to hold a conference call »

Conference call to…

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

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  • 11

    Dec

ARCT

Arcturus Therapeutics

$5.90

0.45 (8.26%)

13:52
12/09/18
12/09
13:52
12/09/18
13:52
Conference/Events
Arcturus Therapeutics to hold a conference call »

Key Opinion Leader…

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

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  • 11

    Dec

STWD

Starwood Property

$22.34

-0.08 (-0.36%)

13:37
12/09/18
12/09
13:37
12/09/18
13:37
Conference/Events
Starwood Property to host investor day »

Investor Day to be held…

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

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  • 14

    Dec

EZPW

Ezcorp

$8.74

-0.17 (-1.91%)

13:31
12/09/18
12/09
13:31
12/09/18
13:31
Conference/Events
Ezcorp to host investor day »

Investor Day to be held…

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

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  • 13

    Dec

NFLX

Netflix

$265.14

-17.66 (-6.24%)

, PANW

Palo Alto Networks

$175.11

-6.73 (-3.70%)

13:20
12/09/18
12/09
13:20
12/09/18
13:20
Periodicals
Netflix, Palo Alto offer growth at a discount, Barron's says »

As stocks search for a…

NFLX

Netflix

$265.14

-17.66 (-6.24%)

PANW

Palo Alto Networks

$175.11

-6.73 (-3.70%)

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

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  • 13

    Dec

  • 19

    Dec

  • 09

    Jan

  • 10

    Jan

DHR

Danaher

$101.94

-2.88 (-2.75%)

13:18
12/09/18
12/09
13:18
12/09/18
13:18
Conference/Events
Danaher to host analyst and investor meeting »

Analyst and Investor…

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

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  • 13

    Dec

CIEN

Ciena

$31.30

-0.95 (-2.95%)

, INFN

Infinera

$4.38

-0.21 (-4.58%)

12:37
12/09/18
12/09
12:37
12/09/18
12:37
Periodicals
China urges Canada to free Huawei CFO, Reuters reports »

China warned Canada that…

CIEN

Ciena

$31.30

-0.95 (-2.95%)

INFN

Infinera

$4.38

-0.21 (-4.58%)

ZTCOY

ZTE Corp.

$0.00

(0.00%)

FNSR

Finisar

$22.49

-0.53 (-2.30%)

OCLR

Oclaro

$8.27

-0.165 (-1.96%)

LITE

Lumentum

$41.92

-2.81 (-6.28%)

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

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  • 13

    Dec

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