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TWTR

Twitter

$32.02

0.055 (0.17%)

, SQ

Square

$70.58

1.19 (1.71%)

11:56
08/11/18
08/11
11:56
08/11/18
11:56

Double-duty CEO Jack Dorsey revived Twitter, Square, Barron's says

Twitter (TWTR) and Square (SQ) may be a world apart when it comes to their businesses, but they are across the street from each other so Jack Dorsey can shuttle between them in just two minutes on foot, Jon Swartz writes in this week's edition. That brief commute helps explain why both companies, which were struggling more than a year ago, have reversed course, with their stocks among tech's best performers this year, the report adds. Both Twitter and Square depend on Dorsey, with the former potentially having the most upside, Swartz contends. Reference Link

TWTR

Twitter

$32.02

0.055 (0.17%)

SQ

Square

$70.58

1.19 (1.71%)

  • 13

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    Sep

TWTR Twitter
$32.02

0.055 (0.17%)

07/31/18
NOMU
07/31/18
UPGRADE
Target $31
NOMU
Neutral
Twitter upgraded to Neutral from Reduce at Nomura Instinet
Nomura Instinet analyst Mark Kelley upgraded Twitter to Neutral following the recent pullback in the shares. The analyst has a $31 price target for the stock.
07/31/18
NOMU
07/31/18
UPGRADE
Target $31
NOMU
Neutral
Nomura upgrades Twitter to Neutral on reset expectations
Nomura Instinet analyst Mark Kelley upgraded Twitter to Neutral from Reduce with an unchanged price target of $31. The stock closed yesterday down 8%, or $2.74, to $31.38. After selling off 27% since the Q2 earnings report on July 27, expectations have been appropriately reset, Kelley tells investors in a research note. The analyst believes Twitter's investments to clean up the platform will prove a longer term positive and lead to a more engaged user base. Further, he expects improving ad formats will drive advertiser retention and possibly growth over time.
07/31/18
07/31/18
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. Twitter (TWTR) upgraded to Neutral from Reduce at Nomura Instinet analyst Mark Kelley saying after selling off 27% since the Q2 earnings report on July 27, expectations have been appropriately reset. 2. Chipotle (CMG) upgraded to Buy from Hold at Jefferies with analyst Andy Barish saying he believes Chipotle is one of the better positioned companies to benefit from the ongoing shift to digital/off-premise. 3. Affiliated Managers (AMG) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Robert Lee saying he believes the company is positioned for "at least" modest organic growth. 4. Booz Allen (BAH) upgraded to Outperform from Market Perform at Raymond James with analyst Brian Gesuale saying the Q1 report was "stellar," beating every key metric, while the share reaction was "lukewarm." 5. Northrop Grumman (NOC) upgraded to Buy on valuation at Buckingham with analyst Richard Safran saying the sell-off following the Q2 report provides an investment opportunity telling investors Defense spending and recent program wins may not be fully reflected in consensus expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/31/18
07/31/18
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 UPS RATING, TARGET FOR CHIPOTLE: Jefferies analyst Andy Barish upgraded Chipotle Mexican Grill (CMG) to Buy from Hold and raised his price target for the shares to $550 from $400. Barish believes Chipotle is one of the better positioned companies to benefit from the ongoing shift to digital/off-premise. The company's operations are now poised to again handle increased volume and throughput, the analyst contended. Further, he believes new management's plans are "credible" and should help drive results in 2019 and beyond. The analyst called the stock a top mid-cap pick. NOMURA UPGRADES TWITTER TO NEUTRAL: Nomura Instinet analyst Mark Kelley upgraded Twitter (TWTR) to Neutral from Reduce with an unchanged price target of $31. After selling off 27% since the Q2 earnings report on July 27, expectations have been appropriately reset, Kelley told investors. The analyst believes Twitter's investments to clean up the platform will prove a longer term positive and lead to a more engaged user base. BARCLAYS PREFERS DEERE TO CATERPILLAR: Barclays analyst Adam Seiden downgraded Caterpillar (CAT) to Equal Weight from Overweight and lowered his price target for the shares to $155 from $170. The company's largest end-markets are no longer at trough, and the analyst believes Caterpillar's second half of 2018 price initiatives, directed towards offsetting supply chain and materials cost increases, will limit its ability to expand margins. The analyst prefers shares of Deere (DE) and CNH Industrial (CNH), which he says are at similar valuations but are earlier in their market cycles. CITI SAYS SELL WISDOMTREE: Citi analyst William Katz placed a low probability on Franklin Resources (BEN) acquiring WisdomTree (WETF), and downgraded WisdomTree to Sell, lowering his price target for the shares to $7 from $10. The analyst downgraded the shares to Neutral on July 13. Katz believes WisdomTree's price-to-earnings multiple can further contract amid mixed flow dynamics and flat earnings growth prospects out to 2020. JPMORGAN SAYS GOPRO MAY SEE SHORT SQUEEZE: JPMorgan analyst Paul Coster believes "muted" expectations and elevated short-interest could position GoPro (GPRO) shares for a "short squeeze" rally after the company's Q2 results. The analyst expects the company to post an in-line quarter. GoPro must entice existing users to upgrade to a new flagship camera expected to be released in early Q4, and convert new users for a product category that "feels a bit long in the tooth now," Coster said. He lowered his price target for GoPro shares to $7 from $8 and kept a Neutral rating on GoPro.
SQ Square
$70.58

1.19 (1.71%)

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).
08/06/18
BUCK
08/06/18
UPGRADE
Target $42
BUCK
Buy
Square upgraded to Buy on revenue acceleration at Buckingham
As previously reported, Buckingham upgraded Square to Buy from Neutral and raised its price target to $85 from $65. Analyst Chris Brendler said the Q2 strong 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.
08/06/18
08/06/18
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. Comcast (CMCSA) upgraded to Overweight from Neutral at Atlantic Equities with analyst Hamilton Faber saying he believes "the bulk of the M&A storm" has passed. 2. Qualcomm (QCOM) upgraded to Outperform from Market Perform at Cowen with analyst Matthew Ramsay citing the company's $30B buyback and saying he believes the shares offer a compelling risk/reward with effects of lower spending, solid customer performance, and potential QTL resolutions. 3. Square (SQ) upgraded to Buy from Neutral at Buckingham with analyst Chris Brendler saying the Q2 strong 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. 4. Parker-Hannifin (PH) upgraded to Outperform from In Line at Evercore ISI with analyst David Raso saying the company's recent operational struggles are behind it with this quarters report and views 2019 guidance as conservative. 5. Intercept (ICPT) upgraded to Buy from Sell at Goldman Sachs with analyst Salveen Richter saying 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. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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.

TODAY'S FREE FLY STORIES

VET

Vermilion Energy

$23.45

-0.09 (-0.38%)

13:56
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13:56
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RL

Ralph Lauren

$122.66

1.62 (1.34%)

13:50
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Bullish short-term option play in Ralph Lauren »

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GOOG

Alphabet

$1,044.94

5.72 (0.55%)

, GOOGL

Alphabet Class A

$1,054.57

4.97 (0.47%)

13:49
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Google integrates DeepMind's healthcare unit for assistance to doctors, nurses »

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GOOG

Alphabet

$1,044.94

5.72 (0.55%)

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Alphabet Class A

$1,054.57

4.97 (0.47%)

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ACHC

Acadia

$36.69

-5.25 (-12.52%)

, UHS

Universal Health

$127.61

-2.42 (-1.86%)

13:46
11/13/18
11/13
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13:46
Recommendations
Acadia, Universal Health analyst commentary  »

Credit Suisse sees…

ACHC

Acadia

$36.69

-5.25 (-12.52%)

UHS

Universal Health

$127.61

-2.42 (-1.86%)

03/08/13
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EBS

Emergent BioSolutions

$67.84

2.175 (3.31%)

13:45
11/13/18
11/13
13:45
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13:45
Conference/Events
Emergent BioSolutions has a conference call hosted by JPMorgan »

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13:45
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13:45
General news
Treasury Budget to be reported at 14:00 »

October Treasury Budget…

ACN

Accenture

$161.71

-0.725 (-0.45%)

13:32
11/13/18
11/13
13:32
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13:32
Hot Stocks
Accenture adding 300 jobs in Seattle innovation hub by the end of 2020 »

Accenture opened a new…

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ACHC

Acadia

$36.69

-5.25 (-12.52%)

13:32
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13:32
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13:32
Hot Stocks
Breaking Hot Stocks news story on Acadia »

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F

Ford

$9.60

0.11 (1.16%)

13:30
11/13/18
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13:30
Hot Stocks
Ford reports October China sales down 45% to 58,204 vehicles »

Ford Motor Company China…

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USAT

USA Technologies

$4.93

-0.29 (-5.56%)

13:30
11/13/18
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13:30
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13:30
Options
Bullish option play in USA Technologies as shares fall to 52-week lows »

Bullish option play in…

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SWK

Stanley Black & Decker

$126.06

4.27 (3.51%)

13:25
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13:25
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13:25
Options
Black and Decker call volume above normal and directionally bullish »

Bullish option flow…

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KOP

Koppers Holdings

$21.37

1.17 (5.79%)

13:24
11/13/18
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13:24
Hot Stocks
Koppers Holdings exec Johnson acquires 50,000 common shares »

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ACHC

Acadia

$40.50

-1.44 (-3.43%)

13:23
11/13/18
11/13
13:23
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13:23
Hot Stocks
Breaking Hot Stocks news story on Acadia »

Acadia Healthcare drops…

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ACHC

Acadia

$40.88

-1.06 (-2.53%)

13:22
11/13/18
11/13
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13:22
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Breaking Hot Stocks news story on Acadia 

Acadia trading resumes

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TROW

T. Rowe Price

$96.11

0.52 (0.54%)

, PZZA

Papa John's

$55.64

-0.23 (-0.41%)

13:21
11/13/18
11/13
13:21
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13:21
Hot Stocks
Breaking Hot Stocks news story on T. Rowe Price, Papa John's »

T. Rowe Price reports…

TROW

T. Rowe Price

$96.11

0.52 (0.54%)

PZZA

Papa John's

$55.64

-0.23 (-0.41%)

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13:20
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Breaking Hot Stocks news story  »

USA Technologies trading…

ACHC

Acadia

$41.44

-0.5 (-1.19%)

13:17
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Breaking Hot Stocks news story on Acadia »

Acadia trading halted,…

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VOYA

Voya Financial

$45.98

1.395 (3.13%)

13:17
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Breaking Hot Stocks news story on Voya Financial »

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  • 13

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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VOYA

Voya Financial

$46.07

1.485 (3.33%)

13:16
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13:16
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Voya Financial capital deployment plans will emphasize share buybacks »

Voya Financial CEO Rodney…

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  • 13

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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13:15
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Breaking Hot Stocks news story  »

USA Technologies trading…

VOYA

Voya Financial

$46.04

1.455 (3.26%)

13:15
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13:15
Hot Stocks
Voya Financial lays out plans for at least 10% annual earnings growth »

Voya Financial announced…

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  • 13

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TROW

T. Rowe Price

$95.98

0.39 (0.41%)

, UPWK

Upwork

$18.19

0.59 (3.35%)

13:13
11/13/18
11/13
13:13
11/13/18
13:13
Hot Stocks
Breaking Hot Stocks news story on T. Rowe Price, Upwork »

T. Rowe Price reports…

TROW

T. Rowe Price

$95.98

0.39 (0.41%)

UPWK

Upwork

$18.19

0.59 (3.35%)

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  • 13

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VOYA

Voya Financial

$46.21

1.625 (3.64%)

13:11
11/13/18
11/13
13:11
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13:11
Hot Stocks
Breaking Hot Stocks news story on Voya Financial »

Voya sees dividend…

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  • 13

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