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PH

Parker-Hannifin

$167.24

-0.73 (-0.43%)

07:25
08/14/18
08/14
07:25
08/14/18
07:25

Parker-Hannifin downgraded to Hold from Buy at Argus

PH Parker-Hannifin
$167.24

-0.73 (-0.43%)

08/03/18
FBCO
08/03/18
NO CHANGE
Target $201
FBCO
Outperform
Parker-Hannifin price target cut to $201 from $214 at Credit Suisse
Credit Suisse analyst Jamie Cook maintained an Outperform rating on Parker Hannifin but lowered her price target to $201 from $214 after the company reported Q4 results that beat the consensus and provided an outlook for fiscal 2019 that was 3% below the Street at the midpoint. Similar to other industrial companies, Cook contends that Parker Hannifin continues to see broad-based strength across most all industrial markets reflected in order rates which were "very solid" at 8% in total, and notes that PH guided to organic sales up 2.3%-5.1%, which seems "very reasonable."
08/06/18
EVER
08/06/18
UPGRADE
EVER
Outperform
Parker-Hannifin upgraded to Outperform from In Line at Evercore ISI
08/06/18
EVER
08/06/18
UPGRADE
Target $196
EVER
Outperform
Parker-Hannifin upgraded to Outperform at Evercore ISI
As previously reported Evercore ISI upgraded Parker-Hannifin to Outperform from In Line and raised its price target to $196 from $187. Analyst David Raso said the company's recent operational struggles are behind it with this quarters report and views 2019 guidance as conservative. Raso also said Parker's debt reduction from the Clarcor acquisitions is occurring earlier than expected allowing management to "lean-froward" again with the use of its cash flow and balance sheet in the M&A market. The analyst believes the cycle has more duration and Parker shares should close the discount to the S&P 500, not widen it.
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.

TODAY'S FREE FLY STORIES

AYI

Acuity Brands

$161.46

3.9 (2.48%)

21:35
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09/20
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21:35
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Acuity Brands rating change  »

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TTNP

Titan Pharmaceuticals

$0.50

-0.08 (-13.79%)

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Syndicate
Titan Pharmaceuticals raises $9.5M in a public offering »

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MTEM

Molecular Templates

$5.81

-0.44 (-7.04%)

21:31
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09/20
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Syndicate
Molecular Templates 8.2M share Secondary priced at $5.50 »

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YMAB

Y-mAbs Therapeutics

$0.00

(0.00%)

21:30
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Y-mAbs Therapeutics 6M share IPO priced at $16.00 »

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VKTX

Viking Therapeutics

$18.92

-0.72 (-3.67%)

21:28
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Viking Therapeutics 9.5M share Secondary priced at $18.50 »

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TWIN

Twin Disc

$23.33

0.34 (1.48%)

21:28
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Syndicate
Twin Disc 1.333M share Secondary priced at $22.50 »

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FTCH

Farfetch

$0.00

(0.00%)

21:26
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Syndicate
Farfetch 44.244M share IPO priced at $20.00, above the range »

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CRSP

Crispr Therapeutics

$48.90

-3 (-5.78%)

21:25
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09/20
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Syndicate
Crispr Therapeutics 4.211M share Secondary priced at $47.50 »

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MDCA

MDC Partners

$4.55

0.25 (5.81%)

21:08
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MDC Partners to evaluate strategic alternatives »

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GWRE

Guidewire

$101.71

0.16 (0.16%)

20:27
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09/20
20:27
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20:27
Hot Stocks
Guidewire sees 5-year target revenue of about $1.3B »

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  • 20

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AVMXY

Avita Medical

$0.00

(0.00%)

20:13
09/20/18
09/20
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20:13
Hot Stocks
Avita Medical announces FDA approval of RECELL in burn treatment »

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LTS

Ladenburg Thalmann

$2.36

-0.03 (-1.26%)

20:05
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09/20
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20:05
Hot Stocks
Ladenburg Thalmann CEO to serve as chairman »

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  • 27

    Sep

19:25
09/20/18
09/20
19:25
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19:25
Conference/Events
Morgan Stanley multi-industrial analysts hold analyst/industry conference call »

U.S. Electrical Equipment…

SPY

SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

, SPX

S&P 500

$0.00

(0.00%)

19:15
09/20/18
09/20
19:15
09/20/18
19:15
General news
Trump's former lawyer Cohen met with Mueller multiple times, ABC says »

President Donald…

SPY

SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

SPX

S&P 500

$0.00

(0.00%)

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SCS

Steelcase

$16.10

0.8 (5.23%)

, ACAD

Acadia

$19.08

3.97 (26.27%)

19:09
09/20/18
09/20
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Hot Stocks
Fly Intel: After Hours Movers »

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SCS

Steelcase

$16.10

0.8 (5.23%)

ACAD

Acadia

$19.08

3.97 (26.27%)

TXN

Texas Instruments

$108.50

1.14 (1.06%)

MCD

McDonald's

$160.84

1.65 (1.04%)

RDS.A

Royal Dutch Shell

$66.83

0.57 (0.86%)

PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

UNFI

United Natural Foods

$33.83

0.54 (1.62%)

MU

Micron

$46.06

1.01 (2.24%)

SGH

Smart Global

$30.44

0.7 (2.35%)

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KORS

Michael Kors

$72.72

-0.33 (-0.45%)

19:01
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Hot Stocks
Michael Kors names Andrea Pesaresi head of Men's business »

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  • 20

    Sep

MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

19:00
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Hot Stocks
Medtronic to acquire Mazor Robotics for $58.50 per ADS, or about $1.64B »

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

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MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

18:59
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Hot Stocks
Breaking Hot Stocks news story on Medtronic, Mazor Robotics »

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:54
09/20/18
09/20
18:54
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18:54
Upgrade
Acadia rating change at Piper Jaffray »

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:48
09/20/18
09/20
18:48
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18:48
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Acadia rating change at Piper Jaffray »

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  • 01

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SONA

Southern National Bancorp

$16.89

0.13 (0.78%)

18:45
09/20/18
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Hot Stocks
Southern National Bancorp names Jeffrey Karafa CFO »

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TSLA

Tesla

$298.32

-0.63 (-0.21%)

18:44
09/20/18
09/20
18:44
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18:44
Periodicals
Tesla VP of global supply management O'Connor to leave company, Bloomberg says »

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CRBP

Corbus Pharmaceuticals

$7.90

2.75 (53.40%)

18:34
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09/20
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Hot Stocks
Corbus CEO says wants to be leading pipeline for synthetic endocannabinoids »

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MCD

McDonald's

$160.84

1.65 (1.04%)

18:32
09/20/18
09/20
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18:32
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McDonald's says dividend hike reinforces confidence in long-term targets »

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  • 24

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MCD

McDonald's

$160.84

1.65 (1.04%)

18:31
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18:31
Hot Stocks
McDonald's raises quarterly dividendy by 15% to $1.16 per share »

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