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ANET

Arista Networks

$265.80

-5.25 (-1.94%)

, ARRS

Arris

$23.82

-0.405 (-1.67%)

04:55
08/16/18
08/16
04:55
08/16/18
04:55

Loop Capital to hold a tour

TMT Bus Tour travels throughout Silicon Valley and Los Angeles visiting with various companies on August 13-16.

ANET

Arista Networks

$265.80

-5.25 (-1.94%)

ARRS

Arris

$23.82

-0.405 (-1.67%)

ATOM

Atomera

$5.71

-0.05 (-0.87%)

CBS

CBS

$52.80

0.23 (0.44%)

CY

Cypress Semiconductor

$16.06

-0.31 (-1.89%)

DSPG

DSP Group

$12.05

(0.00%)

EFII

Electronics for Imaging

$34.31

0.26 (0.76%)

IOTS

Adesto Technologies

$5.40

-0.15 (-2.70%)

IPHI

Inphi

$32.51

-0.89 (-2.66%)

JNPR

Juniper

$26.84

-0.06 (-0.22%)

LGF

Use LGF.A, LGF.B

$0.00

(0.00%)

LITE

Lumentum

$59.30

-0.3 (-0.50%)

LOGI

Logitech

$46.30

-0.4 (-0.86%)

MXIM

Maxim Integrated

$60.47

-0.26 (-0.43%)

RMBS

Rambus

$11.86

-0.105 (-0.88%)

SNX

Synnex

$94.46

-0.975 (-1.02%)

STX

Seagate

$52.85

-0.37 (-0.70%)

WDC

Western Digital

$64.04

-0.94 (-1.45%)

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ANET Arista Networks
$265.80

-5.25 (-1.94%)

08/06/18
WELS
08/06/18
NO CHANGE
WELS
Arista settlement with Cisco a positive, says Wells Fargo
Wells Fargo views Arista Networks' settlement with Cisco Systems (CSCO) as a positive development. The agreement will finally put the ongoing legal battle behind the company, Wells Fargo says in an intraday research note.
08/06/18
ARGS
08/06/18
NO CHANGE
Target $320
ARGS
Buy
Arista Networks price target raised to $320 from $280 at Argus
Argus analyst Jim Kelleher raised his price target on Arista Networks to $320 and kept his Buy rating despite the 4% decline in the stock price late last week following its Q2 results, saying any weakness related to "cautious" guidance is an opportunity to add to positions. The analyst notes that the company has a history of guiding conservatively and then beating "soundly", as it is "permanently" positioned to disrupt the network space with its cloud solutions. Kelleher further cites Arista's "global momentum" in sales to market leaders across multiple verticals, "including cloud titans, cloud specialty service providers, and tier one telcos."
08/03/18
SBSH
08/03/18
NO CHANGE
Target $300
SBSH
Buy
Arista Networks call confusion brings buying opportunity, says Citi
Citi analyst Jim Suva believes confusion on Arista Networks' conference call presents a buying opportunity. The company reaffirmed its outlook and did not imply a reduction that was confused by the announced Mojo Networks acquisition, Suva tells investors in a research note. He sees any stock pullback as an "aggressive opportunity" for investors and reiterates a Buy rating on Arista Networks with a $300 price target.
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).
ARRS Arris
$23.82

-0.405 (-1.67%)

07/12/18
WELS
07/12/18
INITIATION
Target $32
WELS
Outperform
Arris initiated with an Outperform at Wells Fargo
Wells Fargo analyst Aaron Rakers started Arris with an Outperform rating and $32 price target. The analyst argues that Arris' weak Q1 CPE results should represent a bottom, and sees its Enterprise Networking segment as a potential upside driver.
06/25/18
LOOP
06/25/18
NO CHANGE
Target $35
LOOP
Buy
Investors should use pullback in Arris to buy more stock, says Loop Capital
Loop Capital analyst James Kisner kept his Buy rating and $35 price target on Arris, saying the market's negative view on the stock has been overstated by last week's reports suggesting increasing competition to its Network and Cloud business by the adoption of Distributed Access Architectures. Kisner adds that the reports ignore the underlying motivation behind the adoption of "fiber deep" architectures, which is a positive for Arris as it enables a "significant increase" in IP bandwidth. The analyst recommends that investors use the weakness in Arris stock as a buying opportunity.
07/31/18
LOOP
07/31/18
NO CHANGE
LOOP
Positive read-across from Harmonic results for Arris/Casa Systems, says Loop Capital
Loop Capital analyst James Kisner notes that Harmonic (HLIT) reported Q2 earnings, with Q3 guidance light but guiding Cable Access to increase quarter over quarter in Q3 and Q4. The analyst generally views the "nice" sequential positive ramp in Harmonic's Cable Access business and expectation for a continued ramp in Q3 and Q4 as a positive indicator for spending trends on broadband infrastructure by cable operators, good news for Arris (ARRS) and Casa Systems (CASA). On the negative side, Kisner pointed out that one could take the "glass half empty" view that Harmonic is taking some share in the cable access space, potentially at the expense of other players, but he believes Harmonic's revenue generation remains relatively small.
07/18/18
DBAB
07/18/18
NO CHANGE
Target $19
DBAB
Hold
MaxLinear Q2 likely to be at lower end of guidance, says Deutsche Bank
Deutsche Bank analyst Ross Seymore believes headwinds within MaxLinear's (MXL) Connected Home segment are likely to yield Q2 results toward the lower end of guidance and Q3 revenues that are likely to slightly decline quarter-over-quarter. Further, the analyst believes the transition from DOCSIS 3.0 to DOCSIS 3.1 has been delayed at Arris (ARRS), MaxLinear's largest customer, thereby creating an additional headwind for Q2 and Q3. Seymore lowered his estimates for MaxLinear and expects the stock to remain range-bound. The analyst cut his price target for the stock to $19 from $21 and keeps a Hold rating on the name.
ATOM Atomera
$5.71

-0.05 (-0.87%)

06/21/18
LOOP
06/21/18
INITIATION
LOOP
Buy
Atomera initiated with a Buy at Loop Capital
Loop Capital analyst Cody Acree initiated Atomera with a Buy rating and $10 price target, as he believes the company is "rapidly nearing the signing of its first commercial licensing agreement."
CBS CBS
$52.80

0.23 (0.44%)

08/09/18
IMPC
08/09/18
NO CHANGE
IMPC
Imperial keeps Underperform rating on Viacom with $25 target
Viacom (VIAB) in Q3 missed on revenue due to a 3% decline in domestic affiliate fees and 3% decline in U.S. advertising, but earnings beat on "very nice cost containment," Imperial Capital analyst David Miller tells investors in a research note. The analyst keeps an Underperform rating on the shares with a $25 price target. The analyst has a "tough time" applying anything north of a 6.0 times enterprise value to EBITDA multiple on fiscal 2019, which a implies $25 per share, given Viacom's lack of appointment programming, lack of sports, and lack of any franchise presence in film with the exception of Mission Impossible and Transformers. Miller admits, though, that an acquisition of Viacom by CBS (CBS) could prove his call wrong.
08/07/18
08/07/18
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. Zillow (Z, ZG) downgraded to Neutral from Buy at BofA/Merrill with analyst Nat Schindler saying the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook cut, and other revenue also missed, indicating new construction opportunity is also taking longer to materialize. 2. CBS (CBS) downgraded to Hold from Buy at Argus with analyst Joseph Bonner citing 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. 3. Extraction Oil & Gas (XOG) downgraded to Neutral from Outperform at Macquarie with analyst Paul Grigel citing increased risk from Colorado Initiative 97. 4. Wynn Resorts (WYNN) downgraded to Hold from Buy at Argus with analyst John Staszak citing its Q2 earnings miss, saying the gross gaming revenue in Macau has now missed consensus forecasts for the months of June and July. 5. Dentsply Sirona (XRAY) downgraded to Neutral from Outperform at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/07/18
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.
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.
CY Cypress Semiconductor
$16.06

-0.31 (-1.89%)

07/17/18
SUSQ
07/17/18
NO CHANGE
SUSQ
Semi lead-times signal strong demand backdrop, says Susquehanna
Susquehanna analyst Christopher Rolland said his primary research reveals modestly expanding lead times for semis during Q2, suggesting a strong demand backdrop. He also suggested it could be due to some over-ordering and noted they are just below the 2011 peak. The analyst believes Q2 is likely to be solid for the group, but adds that over-ordering risks are growing.
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.
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).
08/09/18
08/09/18
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. GOLDMAN CUTS SEAGATE TO SELL: Goldman Sachs analyst Mark Delaney downgraded Seagate Technology (STX) to Sell from Neutral and lowered his price target for the shares to $44 from $50, representing 20% downside from current levels. While Seagate has improved its product offerings in the last few years, hard disk drives remain a cyclical industry, and one "facing secular challenges in many parts of the market," Delaney said. He believes Seagate's fundamentals will peak in the second half of 2018 and decline in 2019. RBC CUTS FOX TO SECTOR PERFORM ON VALUATION: RBC Capital analyst Steven Cahall downgraded 21st Century Fox (FOXA) to Sector Perform from Outperform, but raised his price target to $49 from $45. The analyst noted that the stock is now trading near its M&A price and that he does not see any competitive bids emerging. Cahall adds that while the company is "undervalued", he awaits the separation to re-evaluate his stance. MORGAN STANLEY DOWNGRADES SEMI INDUSTRY: 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 kept 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. SOUTHERN COMPANY GETS MULTIPLE DOWNGRADES AFTER Q2 REPORT: Barclays analyst Eric Beaumont downgraded Southern Company (SO) to Equal Weight and lowered his price target for the shares to $48 from $51. Credit Suisse analyst Michael Weinstein downgraded Southern Company to Underperform from Neutral and lowered his price target on the shares to $43 from $46. Guggenheim analyst Shahriar Pourreza downgraded Southern Company to Neutral from Buy and lowered his price target on the stock to $47 from $50. Evercore ISI analyst Greg Gordon downgraded Southern Company to Underperform from In Line and lowered his price target on Southern shares to $46 from $46.75.
DSPG DSP Group
$12.05

(0.00%)

05/18/18
COWN
05/18/18
INITIATION
Target $15
COWN
Outperform
DSP Group initiated with an Outperform, $15 price target at Cowen
As reported previously, Cowen analyst Matthew Ramsay initiated DSP Group with an Outperform rating as he believes the company represents an under-the-radar turnaround story tied to secular trends of voice integration and low power connectivity proliferation in multiple applications. Ramsay has a $15 price target on DSP Group shares.
09/04/17
09/04/17
NO CHANGE

Libre Wireless using DSP Group SmartVoice technology
DSP Group announced that Libre Wireless Technologies is using DSP Group's SmartVoice technology for its industry leading fully integrated LS5BV LibreSync voice and media streaming module. The LS5BV module includes DSP Group's HDClear SoC with sophisticated algorithms for detecting and processing far field voice, including advanced noise reduction, echo cancellation, music barge-in and audio processing features. It is designed to support from 1 to 3 mics, giving customers flexibility for various applications that can be optimized for cost, front facing 180 or circular 360 degree applications. The LS5BV offers a clean interface to off-module mics allowing the product designer ultimate flexibility on mic placement and product integration while providing a simple low cost interface in a fully integrated mic-to-cloud voice solution. DSP Group's HDClear SoC is an innovative audio/voice SoC for IoT devices as smart speakers which enables far-field device activation and operation via voice commands while maintaining low power consumption and high performance using pre-process algorithms such as noise reduction, beam-forming and Acoustic Echo Canceling for barge-in mode using 1 to 3 mics.
05/17/18
COWN
05/17/18
INITIATION
Target $15
COWN
Outperform
DSP Group initiated with an Outperform at Cowen
Cowen initiated DSP Group with an Outperform and $15 price target.
EFII Electronics for Imaging
$34.31

0.26 (0.76%)

01/10/18
LEHM
01/10/18
UPGRADE
Target $67
LEHM
Overweight
Lumentum upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Joseph Wolf upgraded Lumentum (LITE) to Overweight and raised his price target for the shares to $67 from $65. The analyst coupled the upgrade with a downgrade this morning of Electronics for Imaging (EFII) to Underweight from Equal Weight. Lumentum remains the market share leader at Apple (AAPL) and seems well positioned to take advantage of other opportunities, Wolf tells investors in a research note. He thinks investors should take advantage of the current stock price to add to positions in anticipation of strong results for the next 12-18 months.
01/10/18
LEHM
01/10/18
DOWNGRADE
Target $31
LEHM
Underweight
Electronics for Imaging downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Joseph Wolf downgraded Electronics for Imaging to Underweight and cut his price target for the shares to $31 from $33. The analyst believes the company needs "close to flawless" execution as a minimum requirement for the shares to perform. He sees relatively high risk in the stock.
12/27/17
NEED
12/27/17
NO CHANGE
NEED
Electronics for Imaging, Kornit among Needham's top Advanced Industrial ideas
Needham analyst James Ricchiuti noted that stocks the firm covers in the Advanced Industrial Technologies space saw "a remarkable performance" in 2017. The economic backdrop seems "brighter than at any time since before the Great Recession" and he believes many of the same underlying growth drivers will remain in place in 2018. The top ideas for 2018 he highlighted include Electronics for Imaging (EFII), Kornit Digital (KRNT), II-VI (IIVI), Zebra Technologies (ZBRA) and Impinj (PI).
11/14/17
WELS
11/14/17
INITIATION
WELS
Market Perform
Electronics for Imaging initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Aaron Rakers initiated coverage of Electronics for Imaging with a Market Perform rating and $32 price target.
IOTS Adesto Technologies
$5.40

-0.15 (-2.70%)

06/29/18
06/29/18
NO CHANGE

Adesto Technologies files to sell common stock, no amount given
Cowen, Needham & Company, Canaccord Genuity and ROTH Capital Partners are acting as joint book running managers for the offering.
07/30/18
COWN
07/30/18
INITIATION
Target $8
COWN
Outperform
Adesto Technologies initiated with an Outperform at Cowen
Cowen initiated Adesto Technologies with an Outperform and $8 price target.
03/20/18
03/20/18
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. Wendy's (WEN) initiated with a Perform at Oppenheimer. 2. Adesto Technologies (IOTS) initiated with a Buy at B. Riley FBR. 3. M.D.C. Holdings (MDC) initiated with a Neutral at Wedbush. 4. Marinus Pharmaceuticals (MRNS) initiated with a Buy at Mizuho. 5. J.B. Hunt (JBHT) initiated with a Buy at Argus. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/18
ADAM
07/16/18
INITIATION
Target $9
ADAM
Buy
Adesto Technologies initiated with a Buy at Canaccord
Canaccord analyst T. Michael Walkley initiated Adesto Technologies with a Buy rating, citing its recent acquisition of S3 Semiconductor and its pending acquisition of Echelon. The moves increase the company's total addressable markets, noted Walkley, who believes that the combined R&D teams have the potential to create highly differentiated solutions targeted to IoT customers. Walkley has a $9 price target on Adesto Technologies shares.
IPHI Inphi
$32.51

-0.89 (-2.66%)

07/26/18
07/26/18
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. Gladstone (GOOD) initiated with an Outperform at Wedbush. 2. TerraForm Power (TERP) initiated with a Market Perform at BMO Capital. 3. Casa Systems (CASA) initiated with a Hold at Loop Capital. 4. Cidara Therapeutics (CDTX) initiated with a Buy at Citi. 5. Inphi (IPHI) initiated with a Buy at Loop Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/18
RILY
07/19/18
DOWNGRADE
Target $36
RILY
Neutral
Inphi downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Dave Kang downgraded Inphi to Neutral and lowered his price target for the shares to $36 from $37. The analyst cites valuation for the downgrade ahead of the company's Q2 results. He expects an in-line quarter but sees risk to the company's Q3 outlook.
07/25/18
DADA
07/25/18
NO CHANGE
Target $38
DADA
Neutral
Inphi price target raised to $38 from $32 at DA Davidson
DA Davidson analyst Mark Kelleher raised his price target on Inphi to $38 and kept his Neutral rating after its "in-line" Q2 results. Kelleher notes the 16% sequential improvement in revenue, driven by "100% increase in long-haul and metro business" on resumed order trends from China customers after the company absorbed excess inventory. The analyst also cites Inphi's greater operating leverage through reduced spending, which included the 6% staff reduction in Q1.
07/25/18
LOOP
07/25/18
INITIATION
Target $43
LOOP
Buy
Inphi initiated with a Buy at Loop Capital
Loop Capital analyst James Kisner started Inphi with a Buy rating and $43 price target, calling it the "best house in the best neighborhood in Optics." He expects Inphi to benefit from the ramp of PAM4-based solutions for intra-data center connections of 200G or higher as well as 400G ZR coherent modules for data centers, Kisner tells investors.
JNPR Juniper
$26.84

-0.06 (-0.22%)

07/30/18
DBAB
07/30/18
UPGRADE
Target $32
DBAB
Buy
Deutsche makes 'contrarian call' on Juniper, upgrades shares to Buy
Deutsche Bank analyst Vijay Bhagavath upgraded Juniper Networks to Buy from Hold and raised his price target for the shares to $32 from $25. The stock closed Friday down 7%, or $2.08, to $26.18. The analyst says he's "going against the grain" and making a "contrarian call." The post-earnings selloff on the "better than feared" Q2 results and below consensus Q3 guidance, which is primarily related to switch router upgrade timing at a handful of cloud and service provider customers, provides a "reasonable entry point," Bhagavath tells investors in a research note. He believes "robust" switch router and next generation security refresh cycles will start in fiscal 2019 and that Juniper's fundamentals will improve from fiscal 2019 through fiscal 2021.
07/30/18
DBAB
07/30/18
UPGRADE
Target $32
DBAB
Buy
Juniper upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Vijay Bhagavath upgraded Juniper Networks to Buy and raised his price target for the shares to $32 from $25.
07/30/18
07/30/18
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 UPGRADES AT&T TO BUY: Bank of America Merrill Lynch upgraded AT&T (T) to Buy from Neutral as analyst David Barden is positive on AT&T's 20-year low P/E multiple, Timer Warner merger benefits, favorable emerging wireless business trends, and a call option on value extraction from the merger of AT&T's distribution network with Time Warner's content and ad inventory. He keeps a $37 price target on AT&T shares. DEUTSCHE UPS JUNIPER IN 'CONTRARIAN' CALL: Deutsche Bank analyst Vijay Bhagavath upgraded Juniper Networks (JNPR) to Buy from Hold and raised his price target for the shares to $32 from $25. The analyst said he's "going against the grain" and making a "contrarian call." The post-earnings selloff on the "better than feared" Q2 results and below consensus Q3 guidance, which is primarily related to switch router upgrade timing at a handful of cloud and service provider customers, provides a "reasonable entry point." He believes "robust" switch router and next generation security refresh cycles will start in fiscal 2019 and that Juniper's fundamentals will improve from FY19 through FY21. STIFEL CUTS SYNCHRONOS TO SELL: Stifel analyst Tom Roderick downgraded Synchronoss (SNCR) to Sell from Hold, stating that recent filings reveal that liquidity issues loom, the company is "out of levers, and time is not on their side." The turnaround required to keep the company from fundraising "feels Herculean," added Roderick, who lowered his price target on Synchronoss shares to $3 from $8. BUCKINGHAM SAYS FORCED SALE OF CHARTER ASSETS 'UNLIKELY': Buckingham analyst Matthew Harrigan noted that New York's Public Service Commission has moved to push Charter (CHTR) out of the state and presented the company with a 60 day ultimatum to find a buyer for its assets there due to what it views as "repeated failures" to honor its commitments around the 2016 merger with Time Warner Cable. While he thinks an extended court battle seems "virtually certain," Harrigan does not see much likelihood of any forced disposition of its New York State assets. He keeps a Buy rating and $397 price target on Charter shares.
07/30/18
07/30/18
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. AT&T (T) upgraded to Buy from Neutral at BofA/Merrill with analyst David Barden saying he is positive on AT&T's 20-year low P/E multiple, Timer Warner (TWX) merger benefits of earnings accretion and expanding cash, favorable emerging wireless business trends, and a call option on value extraction from the merger of AT&T's distribution network with Time Warner's content and ad inventory. 2. American Airlines (AAL) upgraded to Outperform from Neutral at Macquarie. 3. Avis Budget (CAR) upgraded to Buy from Neutral at Northcoast. 4. Cabot Oil & Gas (COG) upgraded to Positive from Neutral at Susquehanna with analyst Biju Perincheril citing the recent weakness in the shares but he also feels the risk/reward is attractive with many projects providing production growth over the next two years along with accelerating free cash flow generation. 5. Juniper (JNPR) upgraded to Buy from Hold at Deutsche Bank with analyst Vijay Bhagavath saying he's "going against the grain" and making a "contrarian call." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LGF Use LGF.A, LGF.B
$0.00

(0.00%)

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.
07/19/18
RHCO
07/19/18
UPGRADE
Target $27
RHCO
Buy
Lionsgate upgraded to Buy at SunTrust on stronger Starz slate
As reported earlier, SunTrust analyst Matthew Thornton upgraded Lionsgate (LGF.B) to Buy from Hold, citing expectations of a stronger content slate at Starz driving the higher subscriber count while also increasing its distribution, with the addition of Amazon (AMZN) UK/Germany, YouTube (GOOGL) TV USA, Hulu TV USA, and Bell Canada. The analyst also anticipates higher subs count amid abating Starz MVPD headwinds from international expansion and secular growth in OTT. Thornton lowers his price target to $27 from $31, but notes that his target multiple assumption and OIBDA forecast for FY19 and FY20 are largely unchanged.
07/19/18
IMPC
07/19/18
INITIATION
Target $28
IMPC
Outperform
Lionsgate initiated with an Outperform at Imperial Capital
Imperial Capital analyst David Miller started Lionsgate (LGF.B) with an Outperform rating and $28 price target. Lionsgate is one of the "cleanest names" in the Media/Entertainment space, and perhaps the cleanest of any name in the small-to-mid cap Media sub-space, Miller tells investors in a research note. He believes the company's overall strategy and niche in the marketplace is "simple to digest and investor friendly."
05/17/18
KEYB
05/17/18
NO CHANGE
KEYB
Sector Weight
Lionsgate risk/reward 'slightly positive' after selloff, says KeyBanc
KeyBanc analyst Evan Wingren sees a "slightly positive" risk/reward on Lionsgate following the recent pullback, which the analyst attributes to lower growth rates and likely continued pressure on Starz subs and profits. The analyst, however, keeps a Sector Weight rating on the name. He says confidence in the company's growth reacceleration or M&A potential would likely get him more constructive.
LITE Lumentum
$59.30

-0.3 (-0.50%)

08/09/18
MKMP
08/09/18
NO CHANGE
Target $78
MKMP
Buy
Lumentum price target lowered to $78 from $84 at MKM PartnersII-VI
MKM Partners analyst Michael Genovese lowered his price target on Lumentum (LITE) to $78 to reflect the 5% decline in the stock price after its Q4 results prompted investor concerns around 3D VCSEL market share loss to other vendors such as Finisar (FNSR) and II-VI (IIVI). The analyst keeps his Buy rating however, noting that Lumentum remains "very far" ahead of the competition, while the growth of the market can support up to 3 competitors for the company in the long term. Genovese expects Lumentum to be the front-runner to achieve 3D VCSEL market share of over 50%.
08/09/18
JPMS
08/09/18
NO CHANGE
JPMS
Neutral
Lumentum selloff provides attractive entry point, says JPMorgan
JPMorgan analyst Samik Chatterjee believes the post-earnings pullback in shares of Lumentum (LITE) provides an attractive entry point. However, he keeps a Neutral rating on Lumentum with an $80 price target. The shares sold off yesterday as management chose to provide conservative 3D Sensing revenue guidance for fiscal Q2 ahead of greater visibility into market share development and inventory position with its primary customer, Apple (AAPL), on next generation phones expected to be launched in September, Chatterjee tells investors in a research note. Based on his conversations with management, Chatterjee believes the softer guide is driven entirely by a lower market share assumption and budgeting for inventory timing "purely out of conservatism." This increases the likelihood of an upside surprise, the analyst contends.
08/13/18
PIPR
08/13/18
NO CHANGE
Target $9.35
PIPR
Neutral
Oclaro combination with Lumentum creates 'powerhouse,' says Piper Jaffray
Piper Jaffray analyst Troy Jensen says Oclaro (OCLR) this morning "reported another quarter of impressive results and continues the string of solid execution." The company's combination with Lumentum (LITE) will make a "powerhouse in optics with industry leading technology and market share," Jensen tells investors in a post-earnings research note. He keeps a Neutral rating Neutral on Oclaro given the pending acquisition by Lumentum.
08/08/18
LOOP
08/08/18
NO CHANGE
Target $73
LOOP
Buy
Lumentum weakness a 'buying opportunity', says Loop Capital
Loop Capital analyst James Kisner kept his Buy rating and $73 price target on Lumentum (LITE), saying the surprising weakness after "very strong" Q4 results is a "buying opportunity". Kisner notes that the commentary around the 3D sensing business was "very encouraging", adding that bulls were likely discouraged by the implied slower December quarter ramp. The analyst contends that Lumentum stock is "undervalued given robust growth prospects in 3D sensing, telecom optical components, and significant accretion potential from the pending acquisition of Oclaro (OCLR).
LOGI Logitech
$46.30

-0.4 (-0.86%)

07/23/18
DADA
07/23/18
NO CHANGE
Target $55
DADA
Buy
Logitech price target raised to $55 from $46 at DA Davidson
DA Davidson analyst Tom Forte raised his price target on Logitech to $55 and kept his Buy rating, citing the company's exposure to gaming and the rising popularity of eSports/"battle royale" gaming format. The analyst notes that he will look for commentary from the management about those two drivers at Logitech's upcoming earnings call after it "likened the secular shift in eSports to the early days of the NFL and NBA", and also cites projections by Juniper Research that eSports will have a larger audience than the NFL by 2020.
06/22/18
06/22/18
INITIATION

Neutral
Logitech initiated with a Neutral at Goldman Sachs
08/01/18
LOOP
08/01/18
NO CHANGE
Target $53
LOOP
Buy
Logitech price target raised to $53 from $48 at Loop Capital
Loop Capital analyst Ananda Baruah raised his price target on Logitech to $53 after its Q1 earnings beat and raised FY19 outlook, saying the stock remains attractive at current valuation given that the company's long-term revenue model is likely conservative. Baruah believes that Logitech is moving closer to being able to sustain a 10%-15% organic revenue growth rate from the current high-single digit trend, as more revenue becomes tied to the cloud capabilities and with added momentum in gaming, video collaboration, and audio equipment. The analyst keeps his Buy rating on Logitech.
03/16/18
03/16/18
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. Atara Biotherapeutics (ATRA) initiated with a Neutral at Guggenheim. 2. Zagg (ZAGG) initiated with a Buy at DA Davidson. 3. Key Energy (KEG) initiated with a Hold at Deutsche Bank. 4. Logitech (LOGI) initiated with a Buy at DA Davidson. 5. Adaptimmune (ADAP) assumed with an Outperform at Leerink. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
MXIM Maxim Integrated
$60.47

-0.26 (-0.43%)

07/27/18
SRCH
07/27/18
DOWNGRADE
SRCH
Hold
Maxim Integrated downgraded to Hold from Buy at Summit Insights
Summit Insights analyst Kinnagai Chan downgraded Maxim to Hold from Buy citing increased uncertainty in automotive and industrial end-markets.
08/14/18
LOOP
08/14/18
NO CHANGE
Target $70
LOOP
Buy
Maxim Integrated position in Industrial and Auto encouraging, says Loop Capital
Loop Capital analyst Cody Acree kept his Buy rating and $70 price target on Maxim Integrated after his meeting with the company executives from the Automotive team, saying the discussions have left him more confident about Maxim's positioning in the fast growing Auto and Industrial segments. The analyst also cites "continued strength from its improved diversification in the Consumer segment and growth from Communications and Data Centers" along with the macro semiconductor industry backdrop remaining "more balanced". Acree contends that Maxim has more room for gross and operating margin leverage.
07/27/18
MKMP
07/27/18
NO CHANGE
Target $62
MKMP
Neutral
Maxim Integrated price target raised to $62 from $56 at MKM Partners
MKM Partners analyst Ruben Roy raised his price target on Maxim Integrated to $62 after its Q4 earnings beat. The analyst notes that the 80bps gross margin expansion was generated by the company's focus on higher margin products, while the Auto, Industrial, and Data Center end markets drove its topline growth. Roy keeps his Neutral rating on Maxim Integrated, adding that its current valuation multiple of 18.9-times expected forward earnings is above the peer group average of 17.6-times.
08/14/18
MZHO
08/14/18
NO CHANGE
MZHO
Buy
ON Semiconductor pullback a buying opportunity, says Mizuho
Mizuho analyst Vijay Rakesh views the recent pullback in shares of ON Semiconductor (ON) as a buying opportunity. The analyst attributes the selloff to concerns of a peaking semi cycle, but points out that over the last four-years, ON's exposure to auto and industrial revenue has almost doubled. However, the stock trades at a 50% discount to automotive and industrial peers including Texas Instruments (TXN), NXP Semiconductors (NXPI), Analog Devices (ADI), Maxim Integrated (MXIM) and Monolithic Power (MPWR), Rakesh tells investors in a research note.
RMBS Rambus
$11.86

-0.105 (-0.88%)

06/29/18
BNCH
06/29/18
NO CHANGE
BNCH
Buy
Rambus CEO resignation seems related to personal matter, says Benchmark
Benchmark analyst Gary Mobley reiterated his Buy rating on Rambus shares following the departure of CEO Ron Black, which he said seems to be related to a personal matter and not an indication of bad execution. While Rambus did not officially re-affirm comfort in FY18 consensus, the company's press release emphasized that Black's departure is not a reflection of the company not executing on its growth initiatives, added Mobley.
06/29/18
ROTH
06/29/18
NO CHANGE
Target $18
ROTH
Buy
Rambus financials intact despite sudden CEO resignation, says Roth Capital
Roth Capital analyst Suji Desilva maintains a Buy rating on Rambus in the wake of the "sudden" resignation of CEO Ron Black, stating that the incident that prompted the change is not related to financial performance and he believes the current strategy is well in place. He expects limited disruption pending the installation of a new permanent CEO and Desilva keeps an $18 price target on Rambus shares.
03/27/18
DBAB
03/27/18
INITIATION
Target $17
DBAB
Buy
Rambus initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Sidney Ho started Rambus with a Buy rating and $17 price target. The analyst the company is more than its intellectual property roots and is building a recurring free cash flow stream.
05/29/18
FBCO
05/29/18
INITIATION
Target $16
FBCO
Neutral
Rambus initiated with a Neutral at Credit Suisse
Credit Suisse analyst Farhan Ahmad started Rambus with a Neutral rating and $16 price target. The company is transitioning from an IP licensing company to a diverse product and technology company, but the analyst believe that the transformation will take time and will lead to lower margins as it invests to ramp its subscale businesses.
SNX Synnex
$94.46

-0.975 (-1.02%)

06/29/18
BRRR
06/29/18
NO CHANGE
BRRR
Market Perform
Higher bid for Convergys appears unlikely, says Barrington
After Convergys (CVG) announced that it agreed to be acquired by Synnex (SNX), Barrington analyst Vincent Colicchio said he believes the timing of the sale is poor given the meaningful weakness in the company's communications vertical over the past few years and that while the deal price appears low, a relatively low multiple at this point of time is warranted. Stating that he thinks a higher bid emerging does not appear highly likely, Colicchio maintains a Market Perform rating on Convergys shares.
04/03/18
RHCO
04/03/18
NO CHANGE
Target $130
RHCO
Buy
Synnex price target lowered to $130 from $148 at SunTrust
SunTrust analyst Frank Atkins lowered his price target on Synnex to $130, saying that despite the Q1 earnings beat, the company's outlook for Q2 implies a slower margin improvement than he initially estimated. Longer term, Atkins keeps his Buy rating on Synnex, citing the growth in the technology solutions segment as well as the company's BPM services business Concentrix. The analyst adds that the "revenue story" for Synnex remains intact, as the integration of Westcon-Comstor is proceeding smoothly.
04/11/18
LOOP
04/11/18
NO CHANGE
Target $160
LOOP
Buy
Synnex stock a 'compelling opportunity', says Loop Capital
Loop Capital analyst Ananda Baruah keeps his Buy rating and $160 price target on Synnex but highlights his upcoming meetings with the company's CEO and CFO on April 23-24. The analyst notes that Synnex is a "best of breed organic growing operator of high-value services in Hyperscale Data Center, Software, Data Security, and Networking with secular operating margin expansion". Baruah also points to the 9.7-times PE valuation on the stock creating an opportunity for "material valuation re-rating" given its cloud infrastructure business.
06/29/18
CRSS
06/29/18
DOWNGRADE
CRSS
Hold
Synnex downgraded to Hold from Buy at Cross Research
STX Seagate
$52.85

-0.37 (-0.70%)

08/09/18
GSCO
08/09/18
DOWNGRADE
Target $44
GSCO
Sell
Seagate downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Mark Delaney downgraded Seagate Technology (STX) to Sell and lowered his price target for the shares to $44 from $50, representing 20% downside from current levels. While Seagate has improved its product offerings in the last few years, hard disk drives remain a cyclical industry, and one "facing secular challenges in many parts of the market," Delaney tells investors in a research note. He believes Seagate's fundamentals will peak in the second half of 2018 and decline in 2019. NAND is oversupplied and sold state drive prices are falling, Delaney says. Further, the analyst notes that Seagate trades at a "greater than two turn premium" on forward price-to-earnings ratio relative to peers Western Digital (WDC) and Micron (MU).
08/09/18
08/09/18
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. Seagate (STX) downgraded to Sell from Neutral at Goldman Sachs by analyst Mark Delaney, who said that while Seagate has improved its product offerings in the last few years, hard disk drives remain a cyclical industry, and one "facing secular challenges in many parts of the market." 2. 21st Century Fox (FOXA) downgraded to Sector Perform from Outperform at RBC Capital by analyst Steven Cahall who noted that the stock is now trading near its M&A price and that he does not see any competitive bids emerging. 3. e.l.f. Beauty (ELF) downgraded to Hold from Buy at Jefferies by analyst Stephanie Wissink, who said she is disappointed with the company's "sales fall off," which she says "seems more systemic than previously assumed." e.l.f.'s profit advancement will reverse in the second half of the year amid stepped up brand investment. Shares were also downgraded to Underweight from Neutral at Piper Jaffray, who said she sees a "growing risk of shelf-space cuts into 2019" if underlying sales trends do not improve, at Citi to Neutral from Buy and at DA Davidson to Neutral from Buy. 4. Southern Company (SO) downgraded to Underperform from In Line at Evercore ISI by analyst Greg Gordon, who said he believes the shares are still not discounting enough risk after the company announced a $790M after-tax charge related to an increase in the cost estimate for constructing Vogtle Nuclear Plants 3 and 4. Shares were also downgraded to Underperform from Neutral at Credit Suisse, to Equal Weight from Overweight at Barclays and to Neutral from Buy at Guggenheim. 5. Schneider National (SNDR) downgraded to Underperform from Buy at BofA/Merrill by analyst Ken Hoexter, who cited "stretched" relative valuation. The analyst also downgraded Genesee & Wyoming (GWR) to Neutral from Buy, saying recent strength in shares has led to a premium multiple and sees minimal upside. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/27/18
MSCO
07/27/18
NO CHANGE
Target $96
MSCO
Equal Weight
Western Digital relative underperformance creates potential, says Morgan Stanley
Morgan Stanley analyst Joseph Moore said he has believed for the last 9 months that NAND was moving into moderate oversupply and companies were overly optimistic about a recovery in the second half, as has been playing out this quarter. While noting that his 2019 estimates for Western Digital (WDC) are "well below" consensus, Moore also said the stock is inexpensive and its underperformance compared to both hardware peer Seagate (STX) and memory peer Micron (MU) creates "significant potential." Despite the material upside potential he sees from here, Moore keeps an Equal Weight rating on Western Digital with a slightly lowered price target of $96, advocating to wait for numbers to come down.
WDC Western Digital
$64.04

-0.94 (-1.45%)

08/15/18
08/15/18
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. Nielsen (NLSN) downgraded to Hold from Buy at Pivotal Research with analyst Brian Wieser citing recent share strength following news of Elliott Investment Management's 8% stake in the company and maintained a $27 price target. 2. Union Pacific (UNP) downgraded to Hold from Buy at Deutsche Bank. 3. Kimberly-Clark (KMB) downgraded to Hold from Buy at Societe Generale with analyst Mitul Girotra saying pulp and oil input costs have risen sharply and cut his FY18 earnings estimate in line with management guidance. 4. Western Digital (WDC) downgraded to Market Perform from Outperform at Cowen with analyst Karl Ackerman saying his recent supply chain field work pointed to "substantial, unabated competitive pricing tactics" by the company and Toshiba (TOSBF) to gain share of enterprise and client solid state drives. 5. Tesaro (TSRO) downgraded to Hold from Buy at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/15/18
COWN
08/15/18
DOWNGRADE
Target $70
COWN
Market Perform
Western Digital downgraded to Market Perform on competitive pressure at Cowen
As reported previously, Cowen analyst Karl Ackerman downgraded Western Digital (WDC) to Market Perform from Outperform as his recent supply chain field work pointed to "substantial, unabated competitive pricing tactics" by the company and Toshiba (TOSBF) to gain share of enterprise and client solid state drives. He also worries that Western Digital's efforts to scale back incremental NAND wafer adds to support pricing is not without significant risk, Ackerman tells investors. Ackerman lowered his price target to $70 from $100 on Western Digital shares, which are down about 3% to $63.20 in pre-market trading.
08/15/18
COWN
08/15/18
DOWNGRADE
COWN
Market Perform
Western Digital downgraded to Market Perform from Outperform at Cowen
08/15/18
08/15/18
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. NVIDIA DOUBLE UPGRADE AHEAD OF EARNINGS: Wells Fargo analyst Aaron Rakers upgraded Nvidia (NVDA) two notches to Outperform from Underperform and raised his price target to $315 from $140, citing the company's competitive position in gaming as well as its AI / deep learning data center growth opportunities. Rakers also points to the company's new Turing GPU architecture as well as the "well-understood" investor perception of weakening in cryptocurrency-related demand. MKM SAYS LOOK BEYOND NEAR-TERM, BUY HASBRO: MKM Partners analyst Eric Handler upgraded Hasbro (HAS) to Buy from Neutral and raised his price target to $115 from $92 as he contends investors should look beyond the 2018 industry issues and anticipate a "material fundamental recovery" in the next two years thanks to the company's large toy line additions and expected margin expansion. WESTERN DIGITAL CUT TO PERFORM: Cowen analyst Karl Ackerman downgraded Western Digital (WDC) to Market Perform from Outperform as his recent supply chain field work pointed to "substantial, unabated competitive pricing tactics" by the company and Toshiba (TOSBF) to gain share of enterprise and client solid state drives. He also worries that Western Digital's efforts to scale back incremental NAND wafer adds to support pricing is not without significant risk. STIFEL SAYS BUY GW PHARMA AHEAD OF EPIDIOLEX LAUNCH: Stifel analyst Paul Matteis started GW Pharmaceuticals with a Buy rating and $181 price target, as he expects a "strong" Epidiolex launch in Dravet/Lennox Gastaut and put an 80% odds-of-success for Epidiolex in Tuberous Sclerosis complex. The analyst's epilepsy physician survey suggests broad physician and patient awareness of Epidiolex ahead of the launch, believes the 2019 consensus sales estimate of $115M "seems doable" and forecasts Epidiolex will hit $1.5B in U.S. sales in 2023.

TODAY'S FREE FLY STORIES

FII

Federated Investors

$24.65

-0.02 (-0.08%)

21:40
12/16/18
12/16
21:40
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21:40
Initiation
Federated Investors initiated  »

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GIII

G-III Apparel

$28.68

-0.29 (-1.00%)

21:37
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21:37
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CLXT

Calyxt

$9.88

0.4 (4.22%)

21:34
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21:34
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CLXT

Calyxt

$9.88

0.4 (4.22%)

20:23
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20:23
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CEQP

Crestwood Equity

$32.29

0.47 (1.48%)

, EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

20:08
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12/16
20:08
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20:08
Recommendations
Crestwood Equity, EQT Midstream Partners analyst commentary at Goldman Sachs »

Goldman upgrades…

CEQP

Crestwood Equity

$32.29

0.47 (1.48%)

EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

03/08/13
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03/08/13
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03/06/13
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ITW

Illinois Tool Works

$131.02

-2.26 (-1.70%)

19:57
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12/16
19:57
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19:57
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Illinois Tool Works rating change at Deutsche Bank »

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SWK

Stanley Black & Decker

$118.36

0.46 (0.39%)

19:57
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19:57
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Stanley Black & Decker rating change at Deutsche Bank »

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INCY

Incyte

$66.24

-1.04 (-1.55%)

, AET

Aetna

$0.00

(0.00%)

19:31
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12/16
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19:31
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INCY

Incyte

$66.24

-1.04 (-1.55%)

AET

Aetna

$0.00

(0.00%)

ANTM

Anthem

$275.59

-4.93 (-1.76%)

CNC

Centene

$127.55

-5.3 (-3.99%)

CI

Cigna

$205.34

-6.63 (-3.13%)

HNT

Health Net

$0.00

(0.00%)

HUM

Humana

$300.41

-12.09 (-3.87%)

MOH

Molina Healthcare

$131.72

-11.19 (-7.83%)

UNH

UnitedHealth

$265.06

-7.2 (-2.64%)

WCG

WellCare

$236.90

-7.44 (-3.04%)

SNE

Sony

$51.32

-0.88 (-1.69%)

GOOG

Alphabet

$1,041.68

-21.44 (-2.02%)

GOOGL

Alphabet Class A

$1,050.62

-23.36 (-2.18%)

AAPL

Apple

$165.48

-5.45 (-3.19%)

BAC

Bank of America

$24.49

0.1 (0.41%)

BLK

BlackRock

$382.25

-5.29 (-1.37%)

CAT

Caterpillar

$126.78

0.79 (0.63%)

CVX

Chevron

$113.84

-2.15 (-1.85%)

DDAIF

Daimler AG

$0.00

(0.00%)

DAL

Delta Air Lines

$53.50

-0.03 (-0.06%)

ET

Energy Transfer LP

$14.08

-0.5 (-3.43%)

TOL

Toll Brothers

$32.23

-0.4 (-1.23%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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EQT

EQT Corporation

$19.40

-0.78 (-3.87%)

18:54
12/16/18
12/16
18:54
12/16/18
18:54
Periodicals
EQT's board to seek meeting with Rice brothers, Reuters reports »

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EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

, EQGP

EQGP Holdings

$19.94

0.02 (0.10%)

18:31
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12/16
18:31
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18:31
Downgrade
EQT Midstream Partners, EQGP Holdings rating change at Goldman Sachs »

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EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

EQGP

EQGP Holdings

$19.94

0.02 (0.10%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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CEQP

Crestwood Equity

$32.29

0.47 (1.48%)

18:28
12/16/18
12/16
18:28
12/16/18
18:28
Upgrade
Crestwood Equity rating change at Goldman Sachs »

Crestwood Equity upgraded…

03/08/13
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INCY

Incyte

$66.24

-1.04 (-1.55%)

17:52
12/16/18
12/16
17:52
12/16/18
17:52
Hot Stocks
Innovent, Incyte announce agreement for three clinical-stage candidates in China »

Incyte and Innovent…

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  • 24

    Feb

NSANY

Nissan

$0.00

(0.00%)

, RNLSY

Renault

$0.00

(0.00%)

17:14
12/16/18
12/16
17:14
12/16/18
17:14
Periodicals
Renault seeking Nissan shareholder meeting amid Ghosn crisis, Reuters says »

Renault (RNLSY) requested…

NSANY

Nissan

$0.00

(0.00%)

RNLSY

Renault

$0.00

(0.00%)

03/08/13
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  • 07

    Jan

T

AT&T

$30.24

0.33 (1.10%)

, CMCSA

Comcast

$36.32

-0.43 (-1.17%)

16:48
12/16/18
12/16
16:48
12/16/18
16:48
Hot Stocks
Box Office Battle: 'Spider-Verse' wins weekend with $35M »

Sony's (SNE)…

T

AT&T

$30.24

0.33 (1.10%)

CMCSA

Comcast

$36.32

-0.43 (-1.17%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$51.32

-0.88 (-1.69%)

FOX

21st Century Fox

$48.79

-0.09 (-0.18%)

FOXA

21st Century Fox

$49.06

-0.07 (-0.14%)

LGF.A

Lionsgate

$15.59

-0.16 (-1.02%)

DIS

Disney

$112.21

-1.17 (-1.03%)

VIAB

Viacom

$28.56

-0.31 (-1.07%)

VIA

Viacom

$31.23

-0.4 (-1.26%)

03/08/13
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  • 23

    Jan

  • 23

    Jan

  • 30

    Jan

  • 20

    Mar

ELGX

Endologix

$0.71

0.0232 (3.39%)

16:17
12/16/18
12/16
16:17
12/16/18
16:17
Conference/Events
Endologix to host special shareholder meeting »

Special Shareholder…

03/08/13
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PRPO

Precipio

$0.19

-0.0111 (-5.63%)

16:11
12/16/18
12/16
16:11
12/16/18
16:11
Conference/Events
Precipio to host special shareholder meeting »

Special Shareholder…

03/08/13
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MSB

Mesabi Trust

$25.15

-1.1 (-4.19%)

16:08
12/16/18
12/16
16:08
12/16/18
16:08
Conference/Events
Mesabi Trust to host special shareholder meeting »

Special Shareholder…

03/08/13
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MLNT

Melinta Therapeutics

$1.19

-0.1 (-7.75%)

16:02
12/16/18
12/16
16:02
12/16/18
16:02
Conference/Events
Melinta Therapeutics to host special shareholder meeting »

Special Shareholder…

03/08/13
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03/08/13
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XOM

Exxon Mobil

$75.63

-1.32 (-1.72%)

15:55
12/16/18
12/16
15:55
12/16/18
15:55
Periodicals
Exxon Mobil shareholders call for greenhouse gas reduction targets, Reuters says »

A number of institutional…

03/08/13
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ANTM

Anthem

$275.59

-4.93 (-1.76%)

, CNC

Centene

$127.55

-5.3 (-3.99%)

13:16
12/16/18
12/16
13:16
12/16/18
13:16
Periodicals
Health stocks preparing for market jolt after Obamacare ruling, Bloomberg says »

U.S. health-care stocks…

ANTM

Anthem

$275.59

-4.93 (-1.76%)

CNC

Centene

$127.55

-5.3 (-3.99%)

CI

Cigna

$205.34

-6.63 (-3.13%)

UNH

UnitedHealth

$265.06

-7.2 (-2.64%)

HUM

Humana

$300.41

-12.09 (-3.87%)

WCG

WellCare

$236.90

-7.44 (-3.04%)

MOH

Molina Healthcare

$131.72

-11.19 (-7.83%)

HNT

Health Net

$0.00

(0.00%)

AET

Aetna

$0.00

(0.00%)

03/08/13
Wedge Partners
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03/06/13
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  • 10

    Jan

  • 05

    Feb

  • 19

    Feb

JELD

Jeld-Wen

$14.27

-0.46 (-3.12%)

13:02
12/16/18
12/16
13:02
12/16/18
13:02
Hot Stocks
Jeld-Wen announces final ruling in Steves & Sons litigation, to appeal decision »

Jeld-Wen announced that…

03/08/13
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ATRA

Atara Biotherapeutics

$41.78

-0.74 (-1.74%)

12:55
12/16/18
12/16
12:55
12/16/18
12:55
Hot Stocks
Atara Biotherapeutics presents positive efficacy, safety results for EBV + LMS »

Atara Biotherapeutics…

03/08/13
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BGNE

BeiGene

$133.95

2.595 (1.98%)

12:41
12/16/18
12/16
12:41
12/16/18
12:41
Hot Stocks
BeiGene announces updated Phase 1A/1B data on tislelizumab »

BeiGene announced that…

03/08/13
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JELD

Jeld-Wen

$14.27

-0.46 (-3.12%)

12:35
12/16/18
12/16
12:35
12/16/18
12:35
Hot Stocks
Jeld-Wen ordered to divest Pennsylvania plant to restore competition »

Federal Judge Robert…

03/08/13
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BMY

Bristol-Myers

$52.11

-1.54 (-2.87%)

, RHHBY

Roche

$0.00

(0.00%)

04:55
12/16/18
12/16
04:55
12/16/18
04:55
Conference/Events
European Society for Medical Oncology (ESMO) to hold a conference »

ESMO Immuno-Oncology…

BMY

Bristol-Myers

$52.11

-1.54 (-2.87%)

RHHBY

Roche

$0.00

(0.00%)

CELG

Celgene

$68.20

-1.55 (-2.22%)

MRK

Merck

$76.50

-1.94 (-2.47%)

PFE

Pfizer

$43.84

-0.71 (-1.59%)

FLDM

Fluidigm

$7.79

-0.39 (-4.77%)

NEO

NeoGenomics

$13.25

-0.18 (-1.34%)

SGEN

Seattle Genetics

$60.46

-0.5 (-0.82%)

TKPYY

Takeda Pharmaceutical

$0.00

(0.00%)

IMV

IMV Inc

$5.65

-0.14 (-2.42%)

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

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  • 18

    Dec

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    Dec

  • 29

    Dec

  • 11

    Jan

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    Jan

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    Jan

  • 16

    Feb

  • 18

    Mar

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    May

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