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INTC

Intel

$50.14

0.2 (0.40%)

, AMD

AMD

$19.09

-0.49 (-2.50%)

05:08
08/10/18
08/10
05:08
08/10/18
05:08

Intel downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs analyst Toshiya Hari downgraded Intel (INTC) to Sell from Neutral and lowered his price target for the shares to $44 from $49. The chipmaker closed yesterday up 18c to $50.14. Hari coupled the downgrade with an upgrade of AMD (AMD) to Neutral from Sell. Intel's struggles with 10nm process technology makes the analyst incrementally more negative on the company's competitive positioning and margin outlook. He expects a worsening product mix in the near-term, ramp in 10nm costs and growing depreciation to drive margin pressure and Intel's earnings below consensus expectations. Hari sees downside risk in the shares.

INTC

Intel

$50.14

0.2 (0.40%)

AMD

AMD

$19.09

-0.49 (-2.50%)

  • 14

    Aug

  • 16

    Aug

  • 28

    Aug

  • 12

    Sep

INTC Intel
$50.14

0.2 (0.40%)

08/06/18
08/06/18
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. INTERCEPT DOUBLE UPGRADED AT GOLDMAN: Goldman Sachs analyst Salveen Richter double upgraded Intercept Pharmaceuticals (ICPT) to Buy from Sell and raised his price target for the shares to $157 from $46. The analyst said Ocaliva in fatty liver disease nonalcoholic steatohepatitis is the crux of Intercept's value proposition and that he's positive into the Phase 3 Regenerate interim readout in the first half of 2019. Intercept should benefit from Ocaliva's global first-mover advantage in NASH, Richter said. In late morning trading, Intercept shares are up 12%. BUCKINGHAM UPGRADES SQUARE TO BUY: Buckingham upgraded Square (SQ) to Buy from Neutral and raised its price target to $85 from $65. Analyst Chris Brendler said the strong Q2 results reduced his concerns about high valuation and competition and said there is no reason why Square will not continue to report better then expected core revenue growth into 2020. Brendler said long-run adjusted EBITDA margins of 40%-50% justify a higher valuation. PIPER CUTS ACADIA TO NEUTRAL: Piper Jaffray analyst Danielle Brill downgraded Acadia Pharmaceuticals (ACAD) to Neutral from Overweight and cut her firm's price target on shares to $19 from $61 after taking over coverage of the name. The recent negative headlines related to potential Nuplazid safety issues will continue to weigh on sales and the shares for the foreseeable future, Brill said. Further, the analyst does not have a high level of conviction for positive data from Acadia's near-term catalysts, namely the Phase 2 major depressive disorder data in September and the Phase 2 negative schizophrenia symptoms readout in the first half of 2019. BARCLAYS CUTS INTEL TO EQUAL WEIGHT: Barclays analyst Blayne Curtis downgraded Intel (INTC) to Equal Weight from Overweight and cut his price target for the shares to $53 from $62. The analyst believes upside in the shares will be challenging until the company's margins bottom. JEFFERIES SAYS OHIO INCIDENT NOT A RISK TO CHIPOTLE TRAFFIC: After analyzing digital engagement with the brand from last week and compared to the Virginia incident last July, Jefferies analyst Andy Barish does not believe the illnesses at the Ohio restaurant put Chipotle Mexican Grill's (CMG) traffic trends at risk. The analyst believes Chipotle's procedures were followed in Ohio, the number of cases was not substantiated, and the company did a better job controlling the narrative and taking action. Barish kept a Buy rating on Chipotle shares with a $550 price target.
08/08/18
CHLM
08/08/18
NO CHANGE
Target $28
CHLM
Sell
Applied Optoelectronics price target raised to $28 from $20 at Craig-Hallum
Craig-Hallum analyst Richard Shannon raised his price target for Applied Optoelectronics (AAOI) to $28 from $20 following a "strong" Q2 result, driven by strong upside from Data Center, specifically Facebook (FB). The analyst thinks most of the upside was from lack of supply from a competitor he believes to be Intel (INTC). He reiterates a Sell rating on Applied Optoelectronics shares.
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).
08/10/18
GSCO
08/10/18
UPGRADE
Target $21
GSCO
Neutral
AMD upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Toshiya Hari upgraded AMD (AMD) to Neutral from Sell and raised his price target for the shares to $21 from $13.25. The chipmaker closed yesterday down 48c to $19.10. Intel's (INTC) struggles with 10nm process technology make it increasingly harder to argue for a bear thesis, even following the recent rally in the shares, Hari tells investors in a research note. The analyst admits, however, that he still has concerns related to AMD's graphics processing unit business given the continued decline in cryptocurrency mining demand and increased competition from Nvidia (NVDA). Nevertheless, the delay in Intel's new products will allow AMD to gain share in not only client computer processing units, but also in the "lucrative" server CPU market, Hari contends. He believes this makes for a balanced risk/reward profile on AMD shares.
AMD AMD
$19.09

-0.49 (-2.50%)

07/30/18
COWN
07/30/18
NO CHANGE
Target $25
COWN
Outperform
AMD price target raised to $25 following management meetings at Cowen
Cowen analyst Matthew Ramsay raised his price target on AMD to $25 from $21 following meetings with management. The analyst noted the company posted strong Q2 results, but management's message was the company was just getting started. He said management is determined to capitalize on share gain opportunities in datacenter and client markets. Ramsay reiterated his Outperform rating on AMD shares.
08/06/18
LEHM
08/06/18
NO CHANGE
Target $15
LEHM
Underweight
AMD price target raised to $15 from $9 at Barclays
Barclays analyst Blayne Curtis raised his price target for (AMD) to $15 from $9 but keeps an Underweight rating on the name. The stock closed Friday down 30c to $18.49. The analyst this morning also downgraded his rating on Intel (INTC) to Equal Weight from Overweight. Curtis is now using a higher multiple for AMD to reflect a wider range of outcomes for traction of its Epyc server. The analyst, however, says he has not seen any evidence to support these more bullish levels. Clearly the market is much more optimistic on AMD's growth prospects as reflected in the stock's appreciation, Curtis tells investors in a research note. AMD has effectively reduced the discussion of future server performance to process technology but the lack of response from Intel following the multiple 10nm push-outs leaves little reason for investors to believe differently, Curtis writes.
08/06/18
BOFA
08/06/18
NO CHANGE
Target $25
BOFA
Buy
AMD price target raised to $25 from $21 at BofA/Merrill
BofA/Merrill analyst Vivek Arya raised his price target on AMD (AMD) to $25 and kept his Buy rating while also raising his FY19 EPS target to 75c vs. consensus view of 62c. The analyst cites AMD's "generational opportunity" to exploit Intel (INTC) 10nm delays to gain market share data security and cloud servers along with its recent upward revision in server average selling prices, as indicated by Mercury industry data. Arya further notes the company's "discussion with several large cloud customers for its second-gen 7nm Rome server, as well as its 7nm computing graphics card for AI, where it competes against NVidia (NVDA).

TODAY'S FREE FLY STORIES

UAL

United Continental

$89.63

1.49 (1.69%)

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

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  • 04

    Mar

AKAO

Achaogen

$1.80

0.06 (3.45%)

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

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FLR

Fluor

$34.11

0.29 (0.86%)

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

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FIVE

Five Below

$101.38

1.86 (1.87%)

17:55
12/12/18
12/12
17:55
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17:55
Upgrade
Five Below rating change  »

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BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

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

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Bitcoin

$0.00

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BITCOIN

Bitcoin

$0.00

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PK

Park Hotels & Resorts

$29.28

0.08 (0.27%)

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

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PK

Park Hotels & Resorts

$29.28

0.08 (0.27%)

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

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CNP

CenterPoint Energy

$28.90

0.12 (0.42%)

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

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UPLD

Upland Software

$27.47

0.51 (1.89%)

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

Upland Software files…

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  • 19

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GNTY

Guaranty Bancshares

$29.78

0.13 (0.44%)

17:32
12/12/18
12/12
17:32
12/12/18
17:32
Syndicate
Breaking Syndicate news story on Guaranty Bancshares »

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BW

Babcock & Wilcox

$0.77

0.0569 (7.94%)

17:32
12/12/18
12/12
17:32
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17:32
Hot Stocks
Babcock & Wilcox receives purchase orders for 11 industrial boilers in Q4 »

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GVA

Granite Construction

$42.75

0.4 (0.94%)

17:31
12/12/18
12/12
17:31
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17:31
Hot Stocks
Granite Construction awarded $50M highway improvement contract in Nevada »

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GE

General Electric

$6.72

-0.05 (-0.74%)

17:17
12/12/18
12/12
17:17
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17:17
Hot Stocks
General Electric awarded maximum $157.73M Defense Logistics Agency contract »

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DE

Deere

$148.16

1.17 (0.80%)

17:16
12/12/18
12/12
17:16
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17:16
Hot Stocks
Deere reports rolling 3 month retail sales trends to November »

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XPO

XPO Logistics

$60.25

-6.42 (-9.63%)

17:10
12/12/18
12/12
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17:10
Initiation
XPO Logistics initiated  »

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SAIA

Saia

$55.30

(0.00%)

17:09
12/12/18
12/12
17:09
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17:09
Initiation
Saia initiated  »

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  • 18

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JNJ

Johnson & Johnson

$147.18

0.66 (0.45%)

17:09
12/12/18
12/12
17:09
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17:09
Periodicals
J&J said to be ready to pay more than $400M to settle hip cases, Bloomberg says »

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  • 12

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  • 12

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ECHO

Echo Global

$21.76

-0.44 (-1.98%)

17:08
12/12/18
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17:08
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17:08
Initiation
Echo Global initiated  »

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COOP

Mr. Cooper

$14.20

0.24 (1.72%)

17:08
12/12/18
12/12
17:08
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17:08
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Mr. Cooper names Christopher Marshall as new CFO »

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ARCB

ArcBest

$36.49

0.42 (1.16%)

17:08
12/12/18
12/12
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17:08
Initiation
ArcBest initiated  »

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LSTR

Landstar System

$96.61

-0.06 (-0.06%)

17:07
12/12/18
12/12
17:07
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17:07
Initiation
Landstar System initiated  »

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R

Ryder

$51.17

0.08 (0.16%)

17:06
12/12/18
12/12
17:06
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17:06
Initiation
Ryder initiated  »

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  • 13

    Dec

SPXC

SPX Corporation

$27.51

0.43 (1.59%)

17:06
12/12/18
12/12
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17:06
Hot Stocks
SPX Corporation to buy Carmanah marine/obstruction lighting business for $77M »

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QTNA

Quantenna Communications

$14.92

0.11 (0.74%)

17:03
12/12/18
12/12
17:03
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17:03
Hot Stocks
Quantenna further strengthens its strategic partnership with Telefonica »

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  • 06

    Jan

WGO

Winnebago

$21.11

0.03 (0.14%)

17:01
12/12/18
12/12
17:01
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17:01
Hot Stocks
Winnebago raises quarterly dividend to 11c from 10c per share »

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  • 19

    Dec

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