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HPE

HP Enterprise

$16.74

0.28 (1.70%)

, MSFT

Microsoft

$110.32

0.72 (0.66%)

06:24
08/29/18
08/29
06:24
08/29/18
06:24

HP Enterprise's NEXT underestimated by the Street, says Loop Capital

Loop Capital analyst Ananda Baruah kept his Buy rating and $23 price target on HP Enterprise (HPE) after it reported another quarter of "beat and raise" results with an "attractive" operational component. The analyst believes that the Street is underestimating the company's NEXT initiative, adding that HP is better positioned than anticipated amid the buildout of "private / hybrid / public cloud", and in Edge computing. Baruah contends that the company has multiple catalysts for the next 2-3 years, with cost savings coming from NEXT and also its Microsoft (MSFT) cloud business no longer declining.

HPE

HP Enterprise

$16.74

0.28 (1.70%)

MSFT

Microsoft

$110.32

0.72 (0.66%)

  • 04

    Sep

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    Sep

  • 06

    Sep

  • 12

    Sep

  • 28

    Oct

HPE HP Enterprise
$16.74

0.28 (1.70%)

06/28/18
NOMU
06/28/18
INITIATION
Target $160
NOMU
Buy
Nomura initates IBM with Buy, HP Enterprise with Neutral
Nomura Instinet analyst Jeffrey Kvaal initiated coverage of IBM (IBM) with a Buy rating and $160 price target and HP Enterprise (HPE) with a Neutral rating and $16 price target. IBM's push into cloud, security, and artificial intelligence appears to be more thorough than HP Enterprise's shift toward networking and hybrid cloud support, Kvaal tells investors in a research note. The analyst considers IBM's offerings in cloud, analytics and security to be differentiated. He thinks the potential 5% growth in analytics and 20% growth in cloud and security can be durable. IBM's growth is not reflected in current estimates or the multiple, Kvaal contends. On the other hand, he believes HP Enterprise may miss out on the rising percentage of IT spending without a full cloud strategy or a sizeable security story. He sees this as limiting the company's long-term revenue growth prospects.
08/21/18
BERN
08/21/18
DOWNGRADE
BERN
Market Perform
HP Enterprise downgraded to Market Perform from Outperform at Bernstein
08/21/18
08/21/18
DOWNGRADE
Target $18

Market Perform
HP Enterprise downgraded to Market Perform on balanced risk/reward at Bernstein
As previously reported, Bernstein analyst A.M. Sacconaghi, Jr. downgraded HP Enterprise to Market Perform from Outperform and lowered his price target on the shares to $18 from $20. Despite a robust IT spending environment, the analyst does not see upside to near-term expectations, given tough comparisons, continuing share losses in servers, a headwind from currency, an expected higher tax rate, and lower other income. Longer-term, Sacconaghi remains skeptical about whether HP Enterprise can sustainably grow revenues, given that the company remains an on-premise player in an increasingly off-premise world and has been a persistent share loser in servers, its most important business.
08/21/18
08/21/18
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. Tesla (TSLA) downgraded to Equal Weight from Overweight at Consumer Edge with the firm saying SEC issues and news headlines will leave shares "boxed-in" near-term. 2. HP Enterprise (HPE) downgraded to Market Perform from Outperform at Bernstein with analyst A.M. Sacconaghi, Jr. saying despite a robust IT spending environment, he does not see upside to near-term expectations, given tough comparisons, continuing share losses in servers, a headwind from currency, an expected higher tax rate, and lower other income. 3. Fabrinet (FN) downgraded to Buy from Strong Buy at Needham with analyst Alex Henderson citing valuation. 4. Hudson Pacific (HPP) downgraded to Neutral from Outperform at Baird with analyst David Rodgers saying he sees downside risk in consensus estimates during both 2019 and 2020 and as a result, he believes it will be difficult to outperform. 5. Brixmor (BRX) downgraded to Neutral from Buy at Mizuho with analyst Haendel St. Juste citing share strength since mid-February and the near-term dilutive impact of the company's strategy shift to ramp up 2018 dispositions to capitalize on better than expected asset pricing. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MSFT Microsoft
$110.32

0.72 (0.66%)

08/24/18
MAXM
08/24/18
NO CHANGE
Target $150
MAXM
Hold
VMware prie target raised to $150 from $142 at Maxim
Maxim analyst Nehal Chokshi raised his price target on VMWare (VMW) to $150 to reflect "another strong seasonal performance" of the latest reported quarter. The analyst also kept his Hold rating, saying the benefits of its Dell channel are tapering and the positioning of Microsoft (MSFT) is better in the long run.
08/27/18
BARD
08/27/18
NO CHANGE
BARD
Outperform
Microsoft Xbox bundle news negative for GameStop, says Baird
After Microsoft (MSFT) formally announced a new monthly subscription service for the Xbox, All Access, which bundles a new Xbox One console with access to games, Baird analyst Colin Sebastian called the news "neutral to slightly positive" for game developers and publishers and negative for video game retailers, including GameStop (GME). He views the successful streaming and subscription programs as a significant risk to GameStop's core video game business, but adds that a number of technology and business model challenges could delay broad adoption of new services for several years. Baird has Outperform ratings on GameStop as well as game makers Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two (TTWO).
08/28/18
MSCO
08/28/18
NO CHANGE
Target $130
MSCO
Overweight
Morgan Stanley sees potential for 'big' dividend raise from Microsoft
Morgan Stanley analyst Keith Weiss notes that Microsoft typically announces a dividend raise in mid-September and points out that the company has raised its dividend by an average of 14% annually since the financial crises in 2009, when the dividend was unchanged. Microsoft has underperformed the market the day after its dividend announcement in 9 of the past 12 years, but Weiss believes this time may prove different as investors have higher confidence in the durability of growth at Microsoft and an increase in the dividend yield above 2% would likely attract more income oriented investors. He sees a higher probability of an above average dividend raise in September, noting that an increase of over 20% constitutes a raise larger than "normal" and would allow the dividend yield to return to above 2% despite strong stock performance over the last year. Weiss maintains his Overweight rating and $130 price target on Microsoft shares.
08/28/18
08/28/18
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. APPLIED MATERIALS, LAM RESEARCH CUT TO NEUTRAL: BofA Merrill Lynch analyst Vivek Arya downgraded both Lam Research (LRCX) and Applied Materials (AMAT) to Neutral from Buy after lowering his wafer fab equipment growth outlook for this year to up 7% from up 10%. Arya also cut his estimates for 2019 and 2020, primarily to account for lower memory capital expenditures. He now expects relative growth in foundry/logic paired with declines in memory within the context of a "muted" WFE recovery in 2019. He lowered his price target on Applied shares to $49 from $65 and cut his target on Lam shares to $200 from $235. In late morning trading, Lam Research is down 2.5%, while Applied Materials is down 1%. BAIRD UPGRADES XILINX TO OUTPERFORM: Baird analyst Tristan Gerra upgraded Xilinx (XLNX) to Outperform from Neutral. The analyst said his field research suggests a very recent and significant acceleration in 5G-related orders for FPGAs scheduled for later this year. He also said data centers represent a longer-term significant growth avenue for the company. Gerra raised his price target to $90 from $71 on Xilinx shares. Xilinx is more than 2% higher in late morning trading. MORGAN STANLEY UPS COTY TO OVERWEIGHT: Morgan Stanley analyst Dara Mohsenian upgraded Coty (COTY) to Overweight from Equal Weight, pointing out that this is the first time the firm has had an Overweight rating on the stock since the company's 2013 IPO. Following four sell-side downgrades in the last two weeks and the stock's 40% year-to-date decline, Mohsenian now sees the risk/reward as "compelling," he told investors. Mohsenian, however, trimmed his price target on Coty shares to $14.50 from $17.00. Shares of Coty are up 6.6% in late morning trading. MORGAN STANLEY DISCUSSES MICROSOFT DIVIDEND RAISE: Morgan Stanley analyst Keith Weiss noted that Microsoft (MSFT) typically announces a dividend raise in mid-September and pointed out that the company has raised its dividend by an average of 14% annually since the financial crises in 2009, when the dividend was unchanged. He sees a higher probability of an above average dividend raise in September, noting that an increase of over 20% constitutes a raise larger than "normal" and would allow the dividend yield to return to above 2% despite strong stock performance over the last year. Weiss maintained his Overweight rating and $130 price target on Microsoft shares.

TODAY'S FREE FLY STORIES

NYT

New York Times

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Expedia

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IBTX

Independent Bank

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Guaranty Bancorp

$30.20

-0.5 (-1.63%)

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MPC

Marathon Petroleum

$83.37

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$154.80

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Conference/Events
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ANDV

Andeavor

$154.80

2.19 (1.44%)

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Marathon Petroleum

$83.37

1.44 (1.76%)

16:59
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16:59
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16:59
Conference/Events
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ANDV

Andeavor

$154.80

2.19 (1.44%)

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EPRT

Essential Properties Realty Trust

$14.49

-0.015 (-0.10%)

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Breaking Hot Stocks news story on Essential Properties Realty Trust »

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BBSI

Barrett Business

$63.67

0.04 (0.06%)

16:43
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SIGA

Siga Technologies

$7.25

0.5 (7.41%)

16:42
09/21/18
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Conference/Events
Siga Technologies to host business news update conference call »

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  • 27

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SPY

SPDR S&P 500 ETF Trust

$292.03

-0.1774 (-0.06%)

, USO

United States Oil Fund

$14.95

0.145 (0.98%)

16:36
09/21/18
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16:36
General news
Weekly CFTC Commitment of Traders highlights »

S&P500 net long 0.1K…

SPY

SPDR S&P 500 ETF Trust

$292.03

-0.1774 (-0.06%)

USO

United States Oil Fund

$14.95

0.145 (0.98%)

GLD

SPDR Gold Trust

$113.48

-0.77 (-0.67%)

FXE

Euro Currency Trust

$112.55

-0.27 (-0.24%)

FXC

CurrencyShares Canadian Dollar Trust

$76.37

-0.09 (-0.12%)

03/08/13
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EMCF

Emclaire Financial

$37.90

0.84 (2.27%)

16:36
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16:36
Hot Stocks
Emclaire Financial announces shareholder, regulatory approval of merger »

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RHHBY

Roche

$0.00

(0.00%)

16:32
09/21/18
09/21
16:32
09/21/18
16:32
Conference/Events
Roche to hold a conference call »

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IDA

IDACORP

$99.23

0.555 (0.56%)

16:31
09/21/18
09/21
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16:31
Hot Stocks
IDACORP raises quarterly dividend 6.8% to 63c per share »

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16:30
09/21/18
09/21
16:30
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16:30
Options
Preliminary option volume of 23.2M today »

Preliminary option volume…

ARGO

Argo Group

$61.50

1.3 (2.16%)

16:24
09/21/18
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16:24
Syndicate
Breaking Syndicate news story on Argo Group »

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  • 21

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
Closing CBOE SPX and VIX Index summary for September 21st »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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HOG

Harley-Davidson

$45.33

-0.12 (-0.26%)

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MU

Micron

$44.65

-1.41 (-3.06%)

, ADBE

Adobe

$260.60

-5.73 (-2.15%)

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MU

Micron

$44.65

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ADBE

Adobe

$260.60

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MDT

Medtronic

$97.87

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MZOR

Mazor Robotics

$58.16

5.46 (10.36%)

TXN

Texas Instruments

$110.01

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ADT

ADT Inc.

$9.36

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AMZN

Amazon.com

$1,912.33

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SCS

Steelcase

$18.95

2.85 (17.70%)

NBEV

New Age Beverages

$6.03

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UNFI

United Natural Foods

$31.03

-2.8 (-8.28%)

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  • 21

    Sep

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CRY

CryoLife

$34.25

0.3 (0.88%)

16:08
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Syndicate
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NSEC

National Security Group

$15.22

0.83 (5.77%)

16:01
09/21/18
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Hot Stocks
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SPPI

Spectrum

$21.44

-0.08 (-0.37%)

16:01
09/21/18
09/21
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Conference/Events
Spectrum to hold a conference call »

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  • 01

    Oct

TWTR

Twitter

$28.58

-1.28 (-4.29%)

15:58
09/21/18
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  • 26

    Sep

IVZ

Invesco

$24.20

-0.215 (-0.88%)

15:47
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Periodicals
Invesco in talks for MassMutual OppenheimerFunds unit, Bloomberg says »

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AAPL

Apple

$217.85

-2.15 (-0.98%)

15:47
09/21/18
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Hot Stocks
Apple says earlier issues with App Store, iTunes Store resolved »

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  • 26

    Sep

BA

Boeing

$372.35

4.65 (1.26%)

15:42
09/21/18
09/21
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15:42
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Boeing delivers first 787 Dreamliner for Shanghai Airlines »

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