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HTZ

Hertz

$21.07

0.18 (0.86%)

, NLSN

Nielsen

$26.14

-0.035 (-0.13%)

16:02
08/20/18
08/20
16:02
08/20/18
16:02

Hertz CFO Thomas Kennedy resigns, Jamere Jackson to succeed

Hertz (HTZ) announced that Thomas Kennedy, Hertz's CFO, has resigned to pursue the next chapter of his career. Hertz also announced that effective on September 10, 2018, Jamere Jackson will join the company as CFO. Jackson will oversee all financial aspects of the company, including financial planning and analysis, accounting and financial reporting, and managing tax, internal audit, treasury and risk management. Jackson served as CFO of Nielsen Holdings (NLSN) from March 2014 to August 2018.

HTZ

Hertz

$21.07

0.18 (0.86%)

NLSN

Nielsen

$26.14

-0.035 (-0.13%)

HTZ Hertz
$21.07

0.18 (0.86%)

08/08/18
MSCO
08/08/18
NO CHANGE
Target $15
MSCO
Underweight
Hertz strength an opportunity to lower exposure, says Morgan Stanley
Morgan Stanley analyst Adam Jonas sees yesterday's post-earnings move up in Hertz shares as overdone and would use the opportunity to reduce exposure, given his view that the car rental industry still faces substantial secular problems and the company faces tougher comps in the second half of the year. Fleet costs were lowed than expected, but he views that as unsustainable, added Jonas, who keeps an Underweight rating on Hertz with a $15 price target.
08/07/18
MSCO
08/07/18
NO CHANGE
MSCO
Underweight
Morgan Stanley doesn't expect lower fleet cost to last at Hertz
Morgan Stanley analyst Adam Jonas said lower fleet cost "saved the quarter" for Hertz, but he does not expect that to last. The analyst, who notes there is still no guidance from the company, remains cautious on the transportation network company business and still sees Hertz having a secularly challenged business model, exposure to rising rates, and high leverage. He keeps an Underweight rating on Hertz shares.
06/26/18
MSCO
06/26/18
INITIATION
Target $30
MSCO
Underweight
Avis Budget resumed with an Underweight at Morgan Stanley
Morgan Stanley analyst Adam Jonas resumed coverage of Avis Budget (CAR) with an Underweight rating and $30 price target, as he believes the company, and the U.S. car rental industry, may have a hard time raising prices sufficiently to offset rising vehicle depreciation costs. Both Avis and Hertz (HTZ) are "heavily dependent" on the used car market and credit environment, said Jonas, who also reiterated an Underweight rating on Hertz, though he increased his price target on its shares to $15 from $13.
02/28/18
MSCO
02/28/18
NO CHANGE
MSCO
Underweight
Hertz lack of 2018 guidance shouldn't be a surprise, says Morgan Stanley
Morgan Stanley analyst Adam Jonas said the fact that Hertz management did not provide financial guidance for 2018 should not be a surprise as the car rental industry "doesn't grow" and the company has total debt "far greater" than its total revenue. He believes management commentary on 2018 suggests elevated turnaround and transition expenses will continue before an improvement in 2019. Jonas, who still thinks Hertz may need to consider significant structural changes given the challenges facing the traditional car rental business model, keeps an Underweight rating on Hertz shares.
NLSN Nielsen
$26.14

-0.035 (-0.13%)

08/20/18
SBSH
08/20/18
NO CHANGE
Target $31
SBSH
Buy
Nielsen price target lowered to $31 from $41 at Citi
After Nielsen recently lowered its guidance, announced the retirement of its CEO, and said its Buy segment is under strategic review, Citi analyst Jason Bazinet said he sees two paths forward. If Nielsen sells Buy, the stock could go to $29; if all of Nieslen is sold, it could fetch $34 per share, estimates Bazinet. He assumes equal odds of either transaction, leading to his lowered price target of $31. Bazinet keeps a Buy rating on Nielsen shares.
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
PIVT
08/15/18
DOWNGRADE
Target $27
PIVT
Hold
Nielsen downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded Nielsen to Hold from Buy citing recent share strength following news of Elliott Investment Management's 8% stake in the company and maintained a $27 price target.
08/14/18
08/14/18
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. CREDIT SUISSE INITIATES CASINO STOCKS: Credit Suisse analyst Cameron McKnight initiated Gaming and Leisure Properties (GLPI), VICI Properties (VICI), and PlayAGS (AGS) with an Outperform, Las Vegas Sands (LVS), Wynn Resorts (WYNN), MGM Growth (MGP), and International Game (IGT) with a Neutral, as well as Scientific Games (SGMS) with an Underperform. MORGAN STANLEY RAISES SALESFORCE PRICE TARGET TO $178 FROM $153: Morgan Stanley analyst Keith Weiss raised his price target for Salesforce (CRM) shares to $178 from $153 and maintained an Overweight rating. Weiss noted that unlocking data trapped in legacy systems via MuleSoft brings the company to the forefront of driving digital transformation for its customers and added that consensus expectations likely underestimate its growth potential as well as its improved track record in M&A. JEFFRIES SAYS "SIGNIFICANT SHAREHOLDER VALUE TO BE UNLOCKED" AT NIELSEN: Even following yesterday's 12% rally, there is "significant shareholder value to be unlocked" at Nielsen Holdings (NLSN), Jefferies analyst Surinder Thind told investors in a research note. Nielsen was also upgraded to Outperform from Neutral at Macquarie and to Equal Weight from Underweight at Barclays. Morgan Stanley analyst Toni Kaplan reiterated an Overweight rating and $26 price target on the stock. NOMURA RAISES PRICE TARGET AFTER SQUARE CASH APP SURPASSED PAYPAL'S VENMO IN JULY: Nomura Instinet analyst Dan Dolev raised his price target for Square (SQ) to $86 from $82 after his firm's July payments app tracker showed cumulative Square Cash App downloads surpassed PayPal's (PYPL) Venmo for the first time. SWITCH DOWNGRADED AT MULTIPLE FIRMS: Switch (SWCH) was downgraded to Market Perform from Outperform at Raymond James, to Neutral from Overweight at JPMorgan, and to Neutral from Buy at BTIG. Switch shares are down about 25% in morning trading.

TODAY'S FREE FLY STORIES

AAPL

Apple

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CC

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1.35 (6.02%)

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Conference/Events
Cowen biotechnology analysts to hold an analyst/industry conference call »

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QRVO

Qorvo

$62.14

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PED

PEDEVCO Corp.

$2.02

-0.06 (-2.88%)

14:21
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PED

PEDEVCO Corp.

$2.02

-0.06 (-2.88%)

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Breaking Hot Stocks news story on PEDEVCO Corp. »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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NYSE market internals summary »

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MSFT

Microsoft

$127.09

0.9 (0.71%)

, AAPL

Apple

$187.52

4.46 (2.44%)

14:15
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Periodicals
Microsoft cuts Huawei laptop from store, Verge says »

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MSFT

Microsoft

$127.09

0.9 (0.71%)

AAPL

Apple

$187.52

4.46 (2.44%)

HPQ

HP Inc.

$19.55

0.6 (3.17%)

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BCRX

BioCryst

$3.45

-3.95 (-53.38%)

14:13
05/21/19
05/21
14:13
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14:13
Recommendations
BioCryst analyst commentary at JMP Securities »

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  • 29

    May

XRX

Xerox

$32.83

0.705 (2.19%)

14:12
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05/21
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Hot Stocks
Xerox shareholders approve holding company reorganization »

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  • 21

    May

YELP

Yelp

$32.36

0.65 (2.05%)

14:10
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14:10
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Options
Bullish option flow in Yelp »

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PED

PEDEVCO Corp.

$2.02

-0.06 (-2.88%)

13:51
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Breaking Hot Stocks news story on PEDEVCO Corp. »

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CIR

Circor

$42.87

12.23 (39.92%)

13:47
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Hot Stocks
Breaking Hot Stocks news story on Circor 

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PYDS

Payment Data Systems

$2.30

0.18 (8.49%)

13:46
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Hot Stocks
Payment Data Systems jumps over 7% after announcing pact with Pineapple Payments »

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FLR

Fluor

$29.94

0.48 (1.63%)

13:45
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Fluor call volume above normal and directionally bullish »

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GOOD

Gladstone

$21.61

0.165 (0.77%)

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CIR

Circor

$42.96

12.32 (40.21%)

, CR

Crane

$83.27

-1.62 (-1.91%)

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CIR

Circor

$42.96

12.32 (40.21%)

CR

Crane

$83.27

-1.62 (-1.91%)

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CIR

Circor

$42.96

12.32 (40.21%)

, CR

Crane

$83.27

-1.62 (-1.91%)

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Breaking Hot Stocks news story on Circor, Crane »

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Circor

$42.96

12.32 (40.21%)

CR

Crane

$83.27

-1.62 (-1.91%)

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MET

MetLife

$48.03

0.52 (1.09%)

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MetLife in talks to sell central European assets to Generali, Bloomberg says »

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PXD

Pioneer Natural

$157.52

3.29 (2.13%)

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Pioneer Natural backs Q2 Permian production view 313-328 MBOEPD »

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CMCSA

Comcast

$43.15

0.37 (0.86%)

, CMCSK

Comcast

$0.00

(0.00%)

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Comcast working on device similar to Amazon Echo, focused on health, CNBC says »

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CMCSA

Comcast

$43.15

0.37 (0.86%)

CMCSK

Comcast

$0.00

(0.00%)

AMZN

Amazon.com

$1,853.86

-4.95 (-0.27%)

GOOG

Alphabet

$1,151.98

13.65 (1.20%)

GOOGL

Alphabet Class A

$1,157.99

12.71 (1.11%)

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CIR

Circor

$43.01

12.37 (40.37%)

13:25
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Hot Stocks
Breaking Hot Stocks news story on Circor »

CIRCOR trading halted,…

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PXD

Pioneer Natural

$157.52

3.29 (2.13%)

13:25
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05/21
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Hot Stocks
Pioneer Natural sees FY19 Permian production 320-335 MBOEPD »

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13:25
05/21/19
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General news
Treasury Action: shorter dated Treasuries continue to erode »

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