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SYF

Synchrony

$29.20

-0.21 (-0.71%)

, LOW

Lowe's

$97.09

-1.23 (-1.25%)

08:56
08/14/18
08/14
08:56
08/14/18
08:56

Fly Intel: Pre-market Movers

HIGHER: Synchrony (SYF), up 3% after Synchrony and Lowe's (LOW) announced a multi-year extension of their strategic partnership highlighting Synchrony's commitment to offer Lowe's customers enhanced purchasing options and valuable benefits... SJW Group (SJW), up 7% after California Water Service Group (CWT) submitted a revised proposal to acquire all outstanding shares of SJW Group common stock for $70 per share in cash, an increase of $1.75 per share. UP AFTER EARNINGS: Advance Auto Parts (AAP), up 6%... Home Depot (HD), up 2%... Brinker (EAT), up 1%... Tapestry (TPR), up 5%... Baozun (BZUN), up 5%. DOWN AFTER EARNINGS: YY (YY), down 7%... HUYA (HUYA), down 10%... LOWER: On Deck Capital (ONDK), down 5% after BTIG analyst Mark Palmer downgraded the stock to Sell from Neutral with a price target of $7 despite the surge in the stock price last week after its Q2 earnings beat and raised FY18 guidance. The analyst pointed to the company's "overextended" valuation... Macom (MTSI), down 3% after JPMorgan analyst Harlan Sur downgraded the company to Underweight with an unchanged price target of $21. With the stock above his price target, the analyst believes the market is already discounting "strong forward earnings power."

SYF

Synchrony

$29.20

-0.21 (-0.71%)

LOW

Lowe's

$97.09

-1.23 (-1.25%)

CWT

California Water Service

$40.05

-0.4 (-0.99%)

SJW

SJW Corp.

$62.49

0.74 (1.20%)

AAP

Advance Auto Parts

$144.79

-1.52 (-1.04%)

HD

Home Depot

$194.11

-2.19 (-1.12%)

TPR

Tapestry

$47.42

-0.52 (-1.08%)

YY

YY

$87.72

-1.09 (-1.23%)

HUYA

HUYA

$32.86

0.72 (2.24%)

BZUN

Baozun

$52.66

-2.63 (-4.76%)

ONDK

On Deck Capital

$8.81

0.195 (2.26%)

MTSI

Macom

$22.96

-0.36 (-1.54%)

EAT

Brinker

$43.81

-0.37 (-0.84%)

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SYF Synchrony
$29.20

-0.21 (-0.71%)

08/03/18
UBSW
08/03/18
UPGRADE
Target $33
UBSW
Neutral
Synchrony upgraded to Neutral from Sell at UBS
UBS analyst Eric Wasserstrom upgraded Synchrony Financial (SYF) to Neutral and raised his price target for the shares to $33 from $32. Cost reductions and "significantly" greater expected share repurchases help offer the loss of the Walmart (WMT) portfolio next year, Wasserstrom tells investors in a research note. The analyst still sees an unclear outlook for Synchrony, but raised his estimates and says the valuation is now low enough for an upgrade to Neutral.
07/30/18
07/30/18
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. Colgate-Palmolive (CL) downgraded to Neutral from Outperform at Macquarie with analyst Caroline Levy saying she does not expect growth to accelerate over the next several quarters and lowered her FY18 organic sales estimate to 0.5% from 1% and FY19 to 2.2% from 3.2%. 2. Alaska Air (ALK) downgraded to Neutral from Outperform at Macquarie. 3. Perrigo (PRGO) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg citing the challenges faced by the company around the "industry-wide price erosion, a legal investigation, and a reduction in FDA approvals." 4. Synchronoss (SNCR) downgraded to Sell from Hold at Stifel with analyst Tom Roderick saying recent filings reveal that liquidity issues loom, the company is "out of levers, and time is not on their side." 5. Synchrony (SYF) downgraded to Equal Weight from Overweight at Barclays with analyst Mark Devries saying the loss of the Walmart (WMT) credit card business heightens contract renewal risk and caps upside in the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/30/18
JEFF
07/30/18
NO CHANGE
Target $50
JEFF
Buy
Synchrony should be bought on recent share weakness, says Jefferies
Jefferies analyst John Hecht recommends capitalizing on the recent weakness in shares of Synchrony Financial (SYF). Through buybacks and expense reductions, the company can fully replace the lost earnings from Walmart (WMT), Hecht tells investors in a research note. He maintains a Buy rating on the shares with a $50 price target. Barclays this morning downgraded Synchrony to Equal Weight.
07/30/18
BMOC
07/30/18
NO CHANGE
Target $37
BMOC
Outperform
Synchrony price target lowered to $37 from $51 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on Synchrony (SYF) to $37 after its Q2 results and the loss of the Walmart (WMT) contract. While he finds the loss of the Walmart deal "surprising" and "disappointing", the analyst also maintains hi Outperform rating on Synchrony, saying the stock has been "over-sold' after the announcement. Fotheringham adds that the "market is overly concerned about consumer credit quality".
LOW Lowe's
$97.09

-1.23 (-1.25%)

07/27/18
BARD
07/27/18
NO CHANGE
BARD
GDP report included encouraging data for home improvement retailers, says Baird
Baird analyst Peter Benedict said that the Q2 GDP report included a few encouraging data points on housing that reinforced his positive near- and long-term view on Home Depot (HD) and Lowe's (LOW). Specifically, he points out that growth in private residential investment accelerated to 7.4%year-over-year. Benedict noted that changes in PRI and home center comps have a "strong historical correlation." He also noted that household formation accelerated to an annualized pace of 1.7M in Q2 from about a 1.2M rate in Q1. Benedict has Overweight ratings on both Home Depot and Lowe's.
07/24/18
KEYB
07/24/18
NO CHANGE
Target $115
KEYB
Overweight
Lowe's price target raised to $115 from $105 at KeyBanc
KeyBanc analyst Bradley Thomas raised his price target for Lowe's to $115 from $105 as he continues to view it as a company with a favorable backdrop that is also positioned for improved execution, following Marvin Ellison joining as president and CEO on July 2. The analyst believes Q2 results for Lowe's remain on plan, but notes the stock seems to be looking ahead to 2019 and the impact Ellison can make on the business. He reiterates an Overweight rating on the shares.
07/25/18
DBAB
07/25/18
NO CHANGE
DBAB
Deutsche Bank sees risk to Home Depot's and Lowe's Q2 comps
The most recent retail sales industry data suggest that Q2 consensus expectations for Home Depot (HD) and Lowe's (LOW) could be at risk, Deutsche Bank analyst Mike Baker told investors in a research note earlier today. The analyst, however, believes "strong" strong May trends for both companies "provide a bit of a cushion." While earnings reports from Stanley Black & Decker (SWK) and Sherwin-Williams (SHW) provide positive read throughs for the home centers, Whirlpool (WHR) was less encouraging, Baker wrote. The analyst lowered his comp estimates for both Home Depot and Lowe's to below consensus ahead of the Q2 earnings reports. Shares of Home Deport are down 1% to $199.44 in morning trading while Lowe's is down 2% to $98.11.
08/14/18
GSCO
08/14/18
NO CHANGE
GSCO
Neutral
Home Depot 2H deceleration as expected, says Goldman Sachs
Goldman Sachs analyst Matthew Fassler said Neutral rated Home Depot reported a solid Q2 beat and guided to a 2H 2018 deceleration against tougher storm-driven comps. Fassler expects the stock to have an in-line reaction to the print and said the read through for Lowe's (LOW) suggests an in-line report with his forecast.
CWT California Water Service
$40.05

-0.4 (-0.99%)

03/08/18
UBSW
03/08/18
INITIATION
Target $34
UBSW
Sell
California Water Service initiated with a Sell at UBS
UBS analyst Daniel Ford started California Water Service with a Sell rating and $34 price target. The analyst believes the regulatory climate in California has declined over the past twelve months.
03/26/18
HDLY
03/26/18
UPGRADE
HDLY
Neutral
California Water Service upgraded to Neutral from Underperform at Hilliard Lyons
Hilliard Lyons analyst Spencer Joyce upgraded California Water Service to Neutral from Underperform as he believes Cal Water's revised Cost of Capital ruling removes a lingering negative catalyst and given what he sees as a "rising affinity" for the Utilities sector.
04/02/18
WELS
04/02/18
UPGRADE
Target $35
WELS
Market Perform
California Water Service upgraded to Market Perform from Underperform at Wells Fargo
Wells Fargo analyst Jonathan Reeder upgraded California Water Service to Market Perform from Underperform and raised his price target to $35 from $34. The analyst cites a more favorable valuation on the stock followings its 21% year-to-date decline as well as the cost of capital decision by the state of California being in the past. Reeder adds that the company's annualized EPS growth rate, which he sees as achievable, is "at least commensurate" with its peers.
04/26/18
JANY
04/26/18
DOWNGRADE
JANY
Neutral
SJW Corp. downgraded to Neutral from Buy at Janney Capital
Janney Capital cited SJW Group (SJW) valuation after California Water Service Group (CWT) confirmed that it proposed to acquire SJW for $68.25 per share. Subsequently, SJW rejected Cal Water's offer, having determined that it was not a superior proposal as defined in SJW's merger agreement with Connecticut Water Service (CTWS).
SJW SJW Corp.
$62.49

0.74 (1.20%)

AAP Advance Auto Parts
$144.79

-1.52 (-1.04%)

07/12/18
RBCM
07/12/18
NO CHANGE
Target $154
RBCM
Outperform
Advance Auto Parts price target raised to $154 from $133 at RBC Capital
RBC Capital analyst Scot Ciccarelli raised his price target on Advance Auto Parts to $154 and kept his Outperform rating. The analyst says his deep dive analysis indicates that the company has "conservatively 300-450 bps of EBIT margin expansion potential", but needs to improve its sales productivity to fully unlock its earnings power, given that its sales per store metrics have been "stagnant since 2013".
07/06/18
ARGS
07/06/18
NO CHANGE
Target $155
ARGS
Buy
Advance Auto Parts price target raised to $155 from $135 at Argus
Argus analyst Christopher Graja raised his price target on Advance Auto Parts to $155 and also raised his FY19 EPS target to $7.90 from $7.50, saying he is now modeling an 80bps improvement in operating margins thanks to the company's efforts to reduce costs, improve inventory management, and boost its customer service. Graja also points to higher free cash flows generated in Q1 as the company's chairman Jeffrey Smith and CEO Tom Greco turn Advance Auto Parts into a more efficiently run firm. The analyst notes that the signs of operating improvement have also led him to increase his target enterprise value to EBIT valuation multiple to 15-times from 14-times.
06/29/18
BOFA
06/29/18
NO CHANGE
Target $330
BOFA
Buy
O'Reilly can take AutoZone share and withstand Amazon threat, says BofA/Merrill
BofA/Merrill analyst Elizabeth Suzuki is most positive on O'Reilly Automotive (ORLY) in her broader research note on the auto parts retail industry, saying the anticipated repair arc in the U.S. vehicle population favors companies with more exposure to "do it for me" like O'Reilly, Advance Auto Parts (AAP), and Genuine Parts (GPC) rather than "do it yourself" like AutoZone (AZO). The analyst sees Advance Auto Parts pricing in a more optimistic outlook while losing market share and underperforming on margins, rating the company at Underperform with a price target of $103. Suzuki states that Genuine Parts is also constrained by pricing headwinds, rating the company at Neutral with a $105 price target. The analyst likes O'Reilly's expected pace of new store growth, above-average operating margins, and its deepest relative moat through its developed distribution network against a potential threat of entry into the retail auto parts space by Amazon (AMZN), rating the company at Buy with a price target of $330.
06/22/18
UBSW
06/22/18
NO CHANGE
Target $160
UBSW
Buy
Advance Auto Parts price target raised to $160 from $130 at UBS
UBS analyst Michael Lasser raised his price target on Advance Auto Parts to $160 from $130. The analyst believes optimizing its distribution network is a significant portion of the $750M in gross savings it expects to achieve over the next three years. He believes it will pave the way to unlock more substantial savings in 2019 and beyond. Lasser reiterated his Buy rating on Advance Auto Parts shares.
HD Home Depot
$194.11

-2.19 (-1.12%)

08/10/18
OPCO
08/10/18
NO CHANGE
Target $220
OPCO
Outperform
Home Depot price target raised to $220 from $205 at Oppenheimer
Oppenheimer analyst Brian Nagel raised his price target on Home Depot to $220 from $205 ahead of the company's Q2 earnings report, citing his continued confidence in the potential for Home Depot to capitalize on favorable demand dynamics in the home improvement space. In a research note to investors, Nagel said he remains bullish and looks towards the Q2 results as a potential near-term positive catalyst for shares. Nagel has an Outperform rating on Home Depot.
08/03/18
PIPR
08/03/18
DOWNGRADE
Target $39
PIPR
Neutral
Floor & Decor downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Peter Keith downgraded Floor & Decor (FND) to Neutral and lowered his price target for the shares to $39 from $58. The analyst, who admits his June upgrade of the stock was wrong, highlights Luxury Vinyl Tile's disruptive nature on the industry and Home Depot's (HD) "strong share gains" in flooring following Floor & Decor's Q2 miss and guide down. The quarter suggests the impact of these dynamics is occurring faster than anticipated, Keith tells investors in a research note. JPMorgan this morning also downgraded Floor & Decor.
TPR Tapestry
$47.42

-0.52 (-1.08%)

06/25/18
GSCO
06/25/18
INITIATION
GSCO
Sell
PVH Corp. initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis initiated PVH Corp (PVH) with a Sell, telling investors in a research note that while the company has benefited from a strong acceleration in growth in Tommy Hilfiger and Calvin Klein, she believes momentum is peaking as a number of tailwinds fade. This morning, Walvis also initiated shares of Tapestry (TPR) with a Conviction Buy and Tiffany (TIF) and VFC (VFC) with a Buy.
07/09/18
WELS
07/09/18
NO CHANGE
Target $56
WELS
Outperform
Tapestry fundamental story intact, guidance likely near-term issue, says Wells Fargo
Wells Fargo analyst Ike Boruchow remains bullish on the Tapestry story and reiterates the name as one of his top idea as he has gained greater confidence in both the Kate Spade turnaround efforts, as well as the trajectory of Coach brand. That said, the analyst does see some headwinds to next full year that the Street does not appear to be modeling, leading him to cut his FY19 EPS as he believes guidance is likely a near-term issue. Boruchow reiterates an Outperform rating and $56 price target on the shares.
07/31/18
UBSW
07/31/18
NO CHANGE
Target $59
UBSW
Buy
Tapestry price target lowered to $59 from $62 at UBS
UBS analyst Jay Sole said one of the main tenets of his buy thesis on Tapestry was that a product shift mix will lead to more full price selling. He recent research has led him to begin to doubt that will occur so he lowered his estimates and price target to reflect it. Sole said he still sees a favorable risk/reward for Tapestry and reiterated his Buy rating while lowering his target to $59 from $62.
06/25/18
GSCO
06/25/18
INITIATION
GSCO
Buy
VF Corp. initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis initiated VFC Corp (VFC) with a Buy rating, telling investors in a research note that VFC is an "under-appreciated growth asset," with brands with momentum like Vans and "credible" turnaround potential like Wrangler and The North Face, many of which have opportunities for channel shift enabled by digital. The analyst says she is "enthusiastic" about opportunities to deploy cash given VFC's strong balance sheet and expertise in integrating acquisitions. This morning, Walvis also initiated shares of Tapestry (TPR) with a Conviction Buy, Tiffany (TIF) with a Buy and PVH (PVH) with a Sell.
YY YY
$87.72

-1.09 (-1.23%)

08/14/18
BNCH
08/14/18
NO CHANGE
Target $140
BNCH
Buy
YY price target lowered to $140 from $168 at Benchmark
Benchmark analyst Fawne Jiang maintained a Buy rating on YY (YY), but lowered her price target to $140 from $168 following the company's "solid" Q2 earnings report and Q3 revenue guidance that "slightly" trailed consensus estimates due to softness in YY Live. In a research note to investors, the analyst says that increased investments in Huya (HUYA), as well as a potential rise of content cost and S & M spending in YY Live, could weigh on margins in the coming quarters, and she views YY as a value play for longer-term oriented investors.
06/13/18
NEED
06/13/18
INITIATION
Target $41
NEED
Buy
HUYA initiated with a Buy at Needham
Needham analyst Jinjin Qian initiated HUYA (HUYA) with a Buy rating and a price target of $41, citing the company's platform as a leader in live game streaming in China with 92.9M monthly active users. The analyst also points to "strong secular trends" in e-sports and live streaming, along with its close ties with YY (YY) and Tencent (TCEHY), supporting the company's position. Jinjin Qian calls HUYA a "solid" investment based on its "strong user metrics and scalable business model".
06/06/18
LYON
06/06/18
UPGRADE
LYON
Buy
YY upgraded to Buy from Outperform at CLSA
03/28/18
MSCO
03/28/18
INITIATION
Target $135
MSCO
Equal Weight
YY initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Alex Poon initiated YY with an Equal Weight rating and $135 price target, stating that he likes the company's leadership in terms of product innovation, quality of content and Huya, but is concerned about revenue growth deceleration for YY Live.
HUYA HUYA
$32.86

0.72 (2.24%)

08/03/18
GSCO
08/03/18
INITIATION
Target $34
GSCO
Neutral
Huya initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Piyush Mubayi initiated Huya with a Neutral and $34 price target citing full valuation.
08/03/18
08/03/18
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. Tesla (TSLA) initiated with a Hold at Canaccord. 2. Universal Forest (UFPI) initiated with a Buy at Seaport Global. 3. Zafgen (ZFGN) initiated with an Outperform at Wedbush. 4. Entera Bio (ENTX) initiated with a Buy at Maxim. 5. Huya initiated with a Neutral at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/18/18
EGHT
06/18/18
DOWNGRADE
EGHT
HUYA downgraded Sell at 86 Research
86 Research downgraded HUYA to Sell citing valuation and maintained a $36 price target.
BZUN Baozun
$52.66

-2.63 (-4.76%)

03/06/18
LYON
03/06/18
DOWNGRADE
LYON
Outperform
Baozun downgraded earlier to Outperform from Buy at CLSA
08/31/17
SBSH
08/31/17
INITIATION
Target $38
SBSH
Buy
Baozun initiated with a Buy at Citi
Target $38.
08/23/17
08/23/17
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. Ultragenyx (RARE) downgraded to Hold from Buy at SunTrust, with analyst Edward Nash slashing his price target to $55 from $105 after the company reported negative topline data from the Phase III trial for Ace-ER for GNE myopathy. Nash is disappointed by this first major clinical setback for the company and removed Ace-ER from his valuation models. 2. Duluth Holdings (DLTH) downgraded to Market Perform from Outperform at Raymond James, with analyst Dan Wewer citing increasing industry challenges. Wewer is concerned about increasing promotional activity and aggressive pricing tactics by competitors. 3. Cree (CREE) downgraded to Underweight from Equal Weight at Stephens. 4. Washington Prime (WPG) downgraded to Underperform from Neutral at Boenning & Scattergood by analyst Floris van Dijkum due to a more expensive NAV relative valuation caused by the more than 6% sector outperformance in the current quarter. 5. Baozun (BZUN) downgraded to Hold from Buy at Deutsche Bank by analyst Eileen Deng citing valuation after the stock's 18% rise in the past six months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/23/17
DBAB
08/23/17
DOWNGRADE
Target $30
DBAB
Hold
Baozun downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Eileen Deng downgraded Baozun to Hold from Buy citing valuation after the stock's 18% rise in the past six months. Given the outsized advance, Deng feels the company's future catalysts are already reflected in its share price, she tells investors. However, she raised her price target on Baozun to $30 from $25.
ONDK On Deck Capital
$8.81

0.195 (2.26%)

07/19/18
MSCO
07/19/18
NO CHANGE
MSCO
Morgan Stanley upgrades Payments and Processing industry to Attractive
Morgan Stanley analyst James Faucette upgraded his view of the Payments and Processing industry to Attractive, citing the firm's U.S. Strategy Team's call for rotation out of Technology and his view that Payments will be seen as an attractive option for investors looking to become more defensive. Investors underappreciate the resilience of consumer spending and Faucette sees the potential for his Payments coverage market-cap weighted earnings growth to accelerate organically to 15% over 2018-2020 from 11% growth over the last three years, he tells investors. In the group, the firm has Overweight ratings on Visa (V), MasterCard (MA), PayPal (PYPL), GreenSky (GSKY), Worldpay (WP) and FleetCor (FLT). Morgan Stanley has Underweight ratings on Western Union (WU) and On Deck Capital (ONDK), having downgraded On Deck this morning.
07/19/18
07/19/18
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. NEEDHAM CUTS TESLA TO UNDERPERFORM: Needham analyst Rajvindra Gill downgraded Tesla (TSLA) to Underperform from Hold, stating the stock remains overvalued in spite of its 16% decline from the the June 2017 peak. The analyst cited expectations of slower Model S/X sales amid increased competition and possible cannibalization from the Model 3, the expiration of credits, slower gross margins improvement with "persistently high" production costs, lower energy segment revenue after recent restructuring, and Tesla's "unsustainable capital structure." Tesla is down 1.9% in midday trading. CREDIT SUISSE UPGRADES SQUARE: Credit Suisse analyst Paul Condra upgraded Square (SQ) to Outperform from Neutral, saying he believes its growing product eco-system is increasing its ability to penetrate larger merchants. He also said positive data points on Cash-App adoption validate Square's two-sided platform strategy to grow both merchant and consumer use-cases. The analyst also raised his price target on the shares to $81 from $44. MORGAN STANLEY UPS SQUARE TARGET: Morgan Stanley analyst James Faucette sees good potential for upward estimate revisions for Square in the near-term and raised his price target on the stock to $75 from $43. However, Faucette kept an Equal Weight rating on Square, calling its valuation "demanding" and citing his continued view that new services are misvalued. Square is higher by 3.5% at midday. MORGAN STANLEY DOWNGRADES LENDINGCLUB, ON DECK: Morgan Stanley's Faucette downgraded LendingClub (LC) to Equal Weight from Overweight as he thinks the previously disclosed FTC investigation into the company's lending practices will be a drag on new investor interest and involvement in the stock until it is resolved. Faucette lowered his price target on LendingClub shares to $5 from $6. Faucette downgraded On Deck Capital (ONDK) to Underweight from Equal Weight, stating that he sees the company needing a long time to meaningfully scale the "OnDeck-as-a-Service," which he believes will limit the stock's potential for valuation expansion above small-to-mid cap banks. Also, Faucette sees limited upside potential to origination growth estimates given the company's preference for delivering profitability versus growth, he tells investors. PIPER POSITIVE ON CISCO AND ARISTA, CALLS AMAZON FEARS OVERBLOWN: Amazon (AMZN) is not entering the network switching market as speculated on July 13, Piper Jaffray analyst James Fish told investors in a research note. The confirmation by Amazon removes the potential shadow of Amazon on the space. The analyst continued to recommend Cisco (CSCO) and Arista (ANET) as his top networking picks.
08/14/18
BTIG
08/14/18
DOWNGRADE
Target $7
BTIG
Sell
On Deck Capital downgraded to Sell from Neutral at BTIG
BTIG analyst Mark Palmer downgraded On Deck Capital to Sell from Neutral with a price target of $7 despite the surge in the stock price last week after its Q2 earnings beat and raised FY18 guidance. The analyst points to the company's "overextended" valuation at 17.7-times and 14.8-times respective estimated earnings for FY19 and FY20 and questions whether it will be able to generate "meaningful" EPS growth without assumptions of higher yields or falling charge-offs. Palmer further states that the current valuation would require him to make "essentially blind assumptions" about the growth the company's On Deck as a Service platform, contribution of which the management is yet to break out in its reported results.
07/19/18
07/19/18
DOWNGRADE
Target $6

Underweight
Morgan Stanley sees On Deck needing time to ramp ODaaS, cuts to Underweight
As previously reported, Morgan Stanley analyst James Faucette downgraded On Deck Capital to Underweight from Equal Weight, stating that he sees the company needing a long time to meaningfully scale the "OnDeck-as-a-Service," which he believes will limit the stock's potential for valuation expansion above small-to-mid cap banks. Also, Faucette sees limited upside potential to origination growth estimates given the company's preference for delivering profitability versus growth, he tells investors. He maintains a $6 price target on On Deck shares.
MTSI Macom
$22.96

-0.36 (-1.54%)

08/01/18
LOOP
08/01/18
NO CHANGE
LOOP
Loop Capital says Macom comments suggest Applied Optoelectronics, Finisar risk
Loop Capital analyst James Kisner noted that Macom (MTSI) said on its earnings call that last quarter it expanded its roster of white-box transceiver partners and launched its Data Center solutions business. He quotes the company as having said that its agreement with a new customer "enables a new high-volume optical manufacturer to enter the business of delivering fully-qualified CWDM4 transceivers to cloud service providers from their new 400,000-square-foot manufacturing facility." Kisner said the comments suggest a significant risk to the data center optics businesses of Applied Optoelectronics (AAOI) and Finisar (FNSR) now appears to be realized, as customers such as Amazon (AMZN) can effectively "cut out the middlemen" from the module assembly business. About 80% of both Applied's and Finisar's sales come from datacom transceivers, which is business most directly threatened by this development, added Kisner.
08/14/18
JPMS
08/14/18
DOWNGRADE
Target $21
JPMS
Underweight
Macom downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Harlan Sur downgraded Macom Technology Solutions to Underweight with an unchanged price target of $21.
08/01/18
CHLM
08/01/18
NO CHANGE
Target $26
CHLM
Buy
Macom price target lowered to $26 from $31 at Craig-Hallum
Craig-Hallum analyst Richard Shannon lowered his price target for Macom to $26 from $31 after largely in-line results/guide. The analyst reiterates a Buy rating on the shares.
08/14/18
JPMS
08/14/18
DOWNGRADE
Target $21
JPMS
Underweight
Macom downgraded to Underweight with $21 price target at JPMorgan
JPMorgan analyst Harlan Sur downgraded Macom Technology Solutions (MTSI) to Underweight with an unchanged price target of $21. With the stock above his price target, the analyst believes the market is already discounting "strong forward earnings power." The analyst also see the potential for margin pressures on current generation discrete Macom-based white box transceiver reference designs for 100G CWDM4 modules amid competition from Intel (INTC), Applied Optoelectronics (AAOI), and InnoLight.
EAT Brinker
$43.81

-0.37 (-0.84%)

08/14/18
SPHN
08/14/18
NO CHANGE
Target $45
SPHN
Equal Weight
Stephens backs Equal Weight rating on Brinker following Q4 earnings report
Stephens analyst Will Slabaugh reiterated an Equal Weight rating and $45 price target for Brinker shares following the company's Q4 earnings report, telling investors in a research note that he is keeping his rating until he is more confident that recent initiatives are translating into sustained traffic improvement. Looking at the quarter, Slabaugh says he believes the traffic improvement is likely being driven by a more direct quality message from recent menu changes and refreshed messaging, sa well as industry and consumer trends that are strengthening.
08/13/18
SPHN
08/13/18
NO CHANGE
Target $45
SPHN
Equal Weight
Stephens 'encouraged' to see better momentum in Brinker's traffic trends
Stephens analyst Will Slabaugh maintained an Equal Weight rating and $45 price target on Brinker International (EAT) ahead of the company's earnings report on Tuesday, telling investors that while he is "encouraged" to see better momentum in recent traffic trends, he is keeping the rating until he is more comfortable that recent initiatives are translating into a sustained traffic improvement. The analyst says Restaurant Brands (QSR), Carrols (TST) and Wendy's (WEN) remain his favorite names in quick-service and BJ's Restaurants (BJRI) among casuals.
04/27/18
RBCM
04/27/18
UPGRADE
Target $49
RBCM
Outperform
Brinker upgraded to Outperform at RBC Capital on expected accelerating sales
As reported earlier, RBC Capital analyst David Palmer upgraded Brinker to Outperform and raised his price target to $49 from $40. The analyst states that the company's current valuation of 11.5-times price to earnings for the next 12 months does not fully reflect his expectations of accelerating sales trends and the upside to consensus earnings for FY18.
04/27/18
RBCM
04/27/18
UPGRADE
RBCM
Outperform
Brinker upgraded to Outperform from Sector Perform at RBC Capital

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Comcast

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Comcast

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Stifel Financial

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People's United

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ASPS

Altisource

$34.10

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AAPL

Apple

$217.65

-2.35 (-1.07%)

, CSCO

Cisco

$48.51

0.77 (1.61%)

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Apple, Microsoft among stocks with solid dividends, Barron's says »

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Apple

$217.65

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Cisco

$48.51

0.77 (1.61%)

IBM

IBM

$151.29

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MSFT

Microsoft

$114.70

1.13 (0.99%)

ORCL

Oracle

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CAT

Caterpillar

$156.39

0.38 (0.24%)

, AMAT

Applied Materials

$39.62

0.22 (0.56%)

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Caterpillar

$156.39

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AMAT

Applied Materials

$39.62

0.22 (0.56%)

BWA

BorgWarner

$45.24

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KeyCorp

$20.78

0.02 (0.10%)

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Parker-Hannifin

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BSX

Boston Scientific

$37.76

-0.07 (-0.19%)

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Intuitive Surgical

$556.70

-4.43 (-0.79%)

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Periodicals
'Good time' to think about device markers, Barron's says »

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Boston Scientific

$37.76

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Intuitive Surgical

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TLRY

Tilray

$123.16

-53.365 (-30.23%)

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Apple

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Walmart

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Hot Stocks
Week in review: How Trump's policies moved stocks »

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Apple

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Walmart

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DE

Deere

$152.82

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AGCO

Agco

$60.24

-0.9 (-1.47%)

ADM

Archer Daniels

$50.33

(0.00%)

MOS

Mosaic

$32.33

0.02 (0.06%)

CF

CF Industries

$52.82

-0.48 (-0.90%)

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SunPower

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AERI

Aerie Pharmaceuticals

$58.50

0.1 (0.17%)

, AGN

Allergan

$191.34

-1.11 (-0.58%)

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European Society of Retina Specialists to hold a conference »

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AERI

Aerie Pharmaceuticals

$58.50

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AGN

Allergan

$191.34

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ALIM

Alimera Sciences

$1.07

(0.00%)

BABY

Natus Medical

$34.45

-0.2 (-0.58%)

BHC

Bausch Health

$24.92

-0.07 (-0.28%)

BAYRY

Bayer

$0.00

(0.00%)

ELXMF

Ellex Medical Lasers

$0.00

(0.00%)

GKOS

Glaukos

$58.78

-1.69 (-2.79%)

IRIX

IRIDEX

$6.52

0.08 (1.24%)

JNJ

Johnson & Johnson

$142.85

0.85 (0.60%)

NITE

Nightstar Therapeutics

$25.64

-1.71 (-6.25%)

NVS

Novartis

$85.46

-0.505 (-0.59%)

OCUL

Ocular Therapeutix

$6.45

0.03 (0.47%)

RHHBY

Roche

$0.00

(0.00%)

SHPG

Shire

$178.32

-1.68 (-0.93%)

STAA

STAAR Surgical

$47.00

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TMDI

Titan Medical

$2.24

0.02 (0.90%)

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Titan Pharmaceuticals

$0.22

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CDTI

CDTi

$0.34

0.01 (3.08%)

18:15
09/21/18
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CDTi sees September 21 as effective date of reverse stock split »

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DUK

Duke Energy

$79.82

-0.81 (-1.00%)

18:08
09/21/18
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Hot Stocks
Duke Energy restored nearly 1.8M outages in NC, SC during past week »

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JNJ

Johnson & Johnson

$142.85

0.85 (0.60%)

18:01
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Johnson & Johnson's Janssen discloses phase 3 study results of Esketamine »

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UAL

United Continental

$89.94

0.8 (0.90%)

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United pilots refuse contract changes on regional routes, Reuters says »

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XLE

Energy Select Sector SPDR

$75.11

0.5132 (0.69%)

, XLU

Utilities SPDR

$53.04

0.2049 (0.39%)

17:36
09/21/18
09/21
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17:36
General news
Week ending ETF Scorecard: Materials outperform, Utlilites slump »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$75.11

0.5132 (0.69%)

XLU

Utilities SPDR

$53.04

0.2049 (0.39%)

IYR

DJ US Real Estate Index Fund

$81.88

-0.06 (-0.07%)

XLP

Consumer Staples Sector SPDR

$55.02

0.1285 (0.23%)

XLY

Consumer Discretionary Sector SPDR

$116.98

-0.4288 (-0.37%)

XLB

S&P Select Materials SPDR

$60.54

-0.1312 (-0.22%)

XLF

Financial Select Sector

$28.73

-0.1175 (-0.41%)

XLV

Health Care Select Sector SPDR

$94.26

0.1571 (0.17%)

XLK

Technology Select Sector SPDR

$74.68

-0.2056 (-0.27%)

XLI

Industrial Select Sector SPDR

$79.71

0.2338 (0.29%)

GLD

SPDR Gold Trust

$113.48

-0.77 (-0.67%)

SLV

iShares Silver Trust

$13.44

-0.01 (-0.07%)

USO

United States Oil Fund

$14.95

0.145 (0.98%)

UNG

United States Natural Gas Fund

$24.60

0.235 (0.96%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$86.24

0.05 (0.06%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$114.72

0.04 (0.03%)

TLT

iShares 20+ Year Treasury Bond Fund

$117.12

-0.02 (-0.02%)

IEF

iShares 7-10 Year Treasury Bond ETF

$101.00

0.03 (0.03%)

SHY

iShares 1-3 Year Treasury Bond

$83.05

0.02 (0.02%)

IWD

iShares Russell 1000 Value

$129.51

0.13 (0.10%)

IWF

iShares Russell 1000 Growth

$155.30

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OHGI

One Horizon Group

$0.18

-0.0088 (-4.63%)

17:34
09/21/18
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17:34
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Breaking Syndicate news story on One Horizon Group »

One Horizon Group files…

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CYTX

Cytori Therapeutics

$0.41

-0.033 (-7.38%)

17:31
09/21/18
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17:31
Syndicate
Breaking Syndicate news story on Cytori Therapeutics »

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NEM

Newmont Mining

$31.56

0.05 (0.16%)

17:22
09/21/18
09/21
17:22
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17:22
Syndicate
Breaking Syndicate news story on Newmont Mining »

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CB

Chubb

$139.87

-0.05 (-0.04%)

17:22
09/21/18
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17:22
Hot Stocks
Chubb CEO Greenberg sells $8.6M in common stock »

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VTVT

vTv Therapeutics

$0.80

0.0096 (1.21%)

17:21
09/21/18
09/21
17:21
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17:21
Hot Stocks
vTv says FDA advised that azeliragon efficacy be shown in at least 2 trials »

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