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GE

General Electric

$12.76

-0.01 (-0.08%)

, SIG

Signet Jewelers

$55.06

-3.36 (-5.75%)

07:30
08/29/18
08/29
07:30
08/29/18
07:30

Unusual put flow in option market yesterday

Notable put activity was cited Tuesday in General Electric (GE), Signet Jewelers (SIG), and Burlington Stores (BURL).

GE

General Electric

$12.76

-0.01 (-0.08%)

SIG

Signet Jewelers

$55.06

-3.36 (-5.75%)

BURL

Burlington Stores

$166.95

-0.42 (-0.25%)

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    Sep

GE General Electric
$12.76

-0.01 (-0.08%)

07/26/18
PIPR
07/26/18
DOWNGRADE
Target $10
PIPR
Underweight
3D Systems downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Troy Jensen downgraded 3D Systems (DDD) to Underweight with a $10 price target. The shares closed yesterday up 30c to $14.00. A survey of resellers found that system demand downticked sequentially for 3D Systems with more below plan responses versus above plan, Jensen tells investors in a research note. He believes competition for the company's main product lines is intensifying. 3D Systems will struggle to deliver organic system growth with HP (HPQ), General Electric (GE), Formlabs, Carbon and others "attacking their biggest revenue contributors," Jensen writes. The analyst also thinks 3D will need to increase spending on direct sales, customer support and consulting, meaning "meaningful profitability" will likely be more challenged than revenue growth throughout 2018. He views the stock as overvalued. While Jensen continues to believe the overall 3D printing industry is "growing rapidly," he remains cautious on shares of 3D Systems and Stratasys (SSYS). He reiterates a Neutral rating on the latter.
07/24/18
JPMS
07/24/18
NO CHANGE
Target $11
JPMS
Underweight
JPMorgan says General Electric's Q2 reaffirms Underweight thesis
JPMorgan analyst Stephen Tusa believes General Electric's Q2 results reaffirmed his thesis on the fundamentals and numbers. He keeps an Underweight rating on the shares with an $11 price target. The analyst expects a 15% cut to Q3 consensus segment profit estimates, setting up a "highly back end loaded" second half of the year, "with risk of slippage" in Q4. He notes the 1c headline earnings beat in Q2 came against a consensus number that dropped 20% from its original level. GE has a "worst in class balance sheet that seemingly relies on capital market transactions on average one year away, vulnerable to what may come in the macro," Tusa tells investors in a research note titled "The More Things Change The More They Stay The Same; Earning, Cash Flow and Quality Still Far From Reset."
07/23/18
07/23/18
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. STIFEL SAYS SELL PAPA JOHN'S: Stifel analyst Chris O'Cull downgraded Papa John's (PZZA) to Sell from Hold and cut his price target for the shares to $38 from $50. The outlook for Papa John's is "growing dimmer" after recent media reports indicated a "fraternal corporate culture," O'Cull told investors. The reports reinforce the consumer perception that Papa John's is not a trusted brand, the analyst added. His recent channel checks indicate the company's domestic same-restaurant-sales are running down in the mid-teens since last week's media report about the company's founder using a racial slur. Papa John's is in a "precarious position," as it needs a "strategic savior" but is struggling to find one "willing to underwrite a transaction given the brand damage," O'Cull contended. Papa John's shares are down 7% in midday trading BTIG SAYS BUY SPOTIFY: BTIG analyst Rich Greenfield initiated Spotify (SPOT) with a Buy rating and a price target of $230, saying that awaiting a better entry on the stock price "has not worked." The analyst contended that the company will be a "long-term winner" in the subscription music category that remains in its infancy and will "grow significantly for years to come." DEUTSCHE RAISES QUALCOMM TARGET TO $60: Deutsche Bank analyst Ross Seymore raised his price target for Qualcomm (QCOM) shares to $60 from $55 after concluding that removal of the uncertainty from the NXP Semiconductors (NXPI) deal likely leads to incremental upside in either scenario. The analyst said he has no way of assigning probabilities of deal approval given the politically charged nature of the pending regulatory ruling from China's State Administration for Market Regulation. Seymore kept Hold ratings on both Qualcomm and NXP. ARGUS CUTS GE TO HOLD: Argus analyst John Eade downgraded General Electric (GE) to Hold from Buy, saying that despite his expectations of a turnaround, Q2 results were a "step in the opposite direction" suggesting the company will struggle to meet its FY18 guidance. Eade lowered his FY18 EPS forecast to 97c from $1.03, adding that GE will need to show at least two quarter of progress before he would reconsider his rating. The analyst prefers other large industrials such as Illinois Tool Works (ITW), United Technologies (UTX) and Boeing (BA) over General Electric, he added.
08/27/18
JPMS
08/27/18
NO CHANGE
Target $11
JPMS
Underweight
JPMorgan sees building evidence that GE Power's problems are structural
JPMorgan analyst Stephen Tusa says evidence continues to build to support his view that the problems for GE Power and its $11B gas power services franchise are structural. As the market share leader in installed base, General Electric is "most exposed with the most to lose," with systemic issues around growing competition and reportedly weak service levels, Tusa tells investors in a research note after participating in a conference call hosted by David Hetherington from Mccoy Power. The analyst's estimates for GE remain well below consensus. He keeps an Underweight rating on the stock with an $11 price target.
SIG Signet Jewelers
$55.06

-3.36 (-5.75%)

06/11/18
RBCM
06/11/18
NO CHANGE
Target $51
RBCM
Sector Perform
Signet Jewelers price target raised to $51 from $38 at RBC Capital
RBC Capital analyst Brian Tunick raised his price target on Signet Jewelers to $51 after its better than expected Q1 earnings, saying the results suggest that comps are starting to normalize as the management "rebuilds credibility". Tunick also keeps his Sector Perform rating, adding that it is too early to call the quarter a "turnaround", even though he is "intrigued" by the improvements in the business.
06/21/18
NOMU
06/21/18
NO CHANGE
Target $62
NOMU
Buy
Signet Jewelers price target raised to $62 from $41 at Nomura Instinet
Nomura Instinet analyst Simeon Siegel raised his price target for Signet Jewelers to $62 after hosting meetings with management. With the shares up 34% since the Q1 earnings report, management's initiatives aimed at improving sales and cost savings are widely understood, Siegel tells investors in a research note. Nonetheless, he keeps a Buy rating on the shares.
07/31/18
NOMU
07/31/18
DOWNGRADE
NOMU
Neutral
Nomura downgrades Signet, Acushnet to Neutral on valuation
Nomura Instinet analyst Simeon Siegel downgraded both Signet Jewelers (SIG) and Acushnet Holdings (GOLF) to Neutral from Buy with unchanged price targets of $62 and $25, respectively. The analyst cites valuation for the downgrades as both stocks have reached his price targets. Signet's stabilization is being rewarded with the stock up 40% since the Q1 earnings report, Siegel tells investors in a research note. Further, he moves to the sidelines on Acushnet following the recent multiple expansion.
07/31/18
NOMU
07/31/18
DOWNGRADE
Target $62
NOMU
Neutral
Signet Jewelers downgraded to Neutral from Buy at Nomura Instinet
Nomura Instinet analyst Simeon Siegel downgraded Signet Jewelers to Neutral with a $62 price target.
BURL Burlington Stores
$166.95

-0.42 (-0.25%)

06/27/18
LOOP
06/27/18
NO CHANGE
Target $170
LOOP
Buy
Burlington Stores price target raised to $170 from $156 at Loop Capital
Loop Capital analyst Laura Champine raised her price target on Burlington Stores to $170 and kept her Buy rating, citing checks suggesting "strong softlines trends" and ongoing market share gains from department stores to "off-price retailers". Champine expects that momentum to continue amid further inventory reduction by Burlington Stores, as she also raises her FY18 EPS target to $6.09 from $5.91.
06/27/18
LOOP
06/27/18
NO CHANGE
Target $170
LOOP
Buy
Burlington Stores price target raised to $170 from $156 at Loop Capital
Loop Capital analyst Laura Champine raised her price target on Burlington Stores to $170 from $156 and reiterated a Buy rating following checks that indicate strong softlines trends and continued share gains for off-price retailers. In a research note to investors, Champine says she expects Burlington's momentum to continue as the off-price sector gains more share from department stores and some specialty retailers, adding that Burlington's continued inventory reductions should bolster sales and margins as clearance lessens.
08/10/18
WEDB
08/10/18
INITIATION
Target $75
WEDB
Neutral
Kohl's initiated with a Neutral at Wedbush
Wedbush analyst Jen Redding initiated Kohl's (KSS) with a Neutral rating and $75 price target, telling investors that she views Kohl's as a compelling story and sees opportunities for improvement in categories like private label, active and women's, and says Kohl's Rewards and Amazon (AMZN) pilots as potential catalysts. Longer term, Redding favors the name and sees shares of U.S.-focused retailers like Kohl's, Dillard's (DDS), Burlington Stores (BURL) and American Eagle (AEO) as good options in a year of a strong dollar.
08/20/18
DBAB
08/20/18
NO CHANGE
Target $175
DBAB
Buy
Deutsche Bank says 'sticking with' off-price, athletic brands in apparel space
Deutsche Bank analyst Paul Trussell previewed earnings for apparel companies, telling investors in a research note that he is "sticking with" off-price, the brands and athletic brands over specialty retailers and department stores. Trussell expects beats from Burlington Stores (BURL), Ross Stores (ROST), TJX (TJX), PVH (PVH), Foot Locker (FL) and Lululemon (LULU), along with American Eagle Outfitters (AEO) and Buckle (BKE) as the outliers in the specialty group and Kohl's (KSS), and says he is "a bit more cautious" for the frest of his apparel coverage given stretched valuations. Trussell raised his price target for Burlington Stores to $175 from $167, to $96 from $91 for Ross and to $105 from $100 fro TJX, but cut his price target to $171 from $176 for PVH.

TODAY'S FREE FLY STORIES

TVTY

Tivity Health

$40.60

-0.27 (-0.66%)

, NTRI

Nutrisystem

$34.19

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    Dec

BHR

Braemar Hotels & Resorts

$9.97

0.2 (2.05%)

08:11
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Braemar Hotels & Resorts expects to pay quarterly dividend of 16c in 2019 »

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AES

AES Corp.

$15.54

0.08 (0.52%)

08:10
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  • 11

    Dec

STZ

Constellation Brands

$188.62

-2.13 (-1.12%)

, CGC

Canopy Growth

$31.39

1.1 (3.63%)

08:10
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Recommendations
Constellation Brands, Canopy Growth analyst commentary  »

Constellation still top…

STZ

Constellation Brands

$188.62

-2.13 (-1.12%)

CGC

Canopy Growth

$31.39

1.1 (3.63%)

03/08/13
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COF

Capital One

$82.66

-1.93 (-2.28%)

, WFC

Wells Fargo

$50.26

-0.82 (-1.61%)

08:10
12/10/18
12/10
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08:10
Upgrade
Capital One, Wells Fargo, Citizens Financial, PNC Financial rating change  »

Capital One valuation…

COF

Capital One

$82.66

-1.93 (-2.28%)

WFC

Wells Fargo

$50.26

-0.82 (-1.61%)

CFG

Citizens Financial

$33.01

-0.77 (-2.28%)

PNC

PNC Financial

$126.77

-2.5 (-1.93%)

03/08/13
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    Oct

LNC

Lincoln National

$56.38

-1.32 (-2.29%)

, ATH

Athene Holding

$39.91

-0.99 (-2.42%)

08:10
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Hot Stocks
Lincoln National announces reinsurance transaction with Athene Holding »

Lincoln Financial Group…

LNC

Lincoln National

$56.38

-1.32 (-2.29%)

ATH

Athene Holding

$39.91

-0.99 (-2.42%)

03/08/13
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TDC

Teradata

$36.82

-0.89 (-2.36%)

08:10
12/10/18
12/10
08:10
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08:10
Conference/Events
Teradata to host analyst day »

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08:09
12/10/18
12/10
08:09
12/10/18
08:09
Conference/Events
The Washington Journal holds a discussion on the potenital government shutdown »

Director Aaron Jones of…

EBAY

eBay

$29.06

-0.44 (-1.49%)

08:09
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12/10
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eBay announces launch of 'Green Monday' deals »

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    Mar

FLIR

Flir Systems

$43.34

-1.4 (-3.13%)

08:09
12/10/18
12/10
08:09
12/10/18
08:09
Conference/Events
Flir Systems management to meet with Seaport Global »

Meeting to be held in New…

03/08/13
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  • 11

    Dec

PFNX

Pfenex

$3.48

-0.13 (-3.60%)

, LLY

Eli Lilly

$113.63

-2.175 (-1.88%)

08:09
12/10/18
12/10
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Hot Stocks
Pfenex submits PF708 NDA to FDA »

Pfenex (PFNX) announced…

PFNX

Pfenex

$3.48

-0.13 (-3.60%)

LLY

Eli Lilly

$113.63

-2.175 (-1.88%)

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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  • 19

    Dec

SIR

Select Income REIT

$19.18

-0.22 (-1.13%)

, GOV

Government Properties

$8.58

-0.2 (-2.28%)

08:08
12/10/18
12/10
08:08
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08:08
Hot Stocks
Select Income REIT says ISS recommends vote for Government Properties merger »

Select Income REIT (SIR)…

SIR

Select Income REIT

$19.18

-0.22 (-1.13%)

GOV

Government Properties

$8.58

-0.2 (-2.28%)

RMR

RMR Group

$62.60

-2.24 (-3.45%)

03/08/13
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ETSY

Etsy

$54.00

-1.51 (-2.72%)

08:08
12/10/18
12/10
08:08
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08:08
Conference/Events
Etsy management to meet with KeyBanc »

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  • 11

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AJG

Arthur J. Gallagher

$74.61

-0.48 (-0.64%)

08:08
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Arthur J. Gallagher acquires Accompass, terms not disclosed »

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  • 10

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HES

Hess Corp.

$52.62

-0.73 (-1.37%)

08:08
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Hess Corp. announces FY19 E&P capital, exploratory budget of $2.9B »

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  • 12

    Dec

SPAR

Spartan Motors

$7.15

-0.33 (-4.41%)

08:07
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Spartan Motors receives multi-unit fire apparatus order »

Spartan Emergency…

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GOV

Government Properties

$8.58

-0.2 (-2.28%)

, SIR

Select Income REIT

$19.18

-0.22 (-1.13%)

08:06
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Hot Stocks
Government Properties says ISS recommends vote for Select Income REIT merger »

Government Properties…

GOV

Government Properties

$8.58

-0.2 (-2.28%)

SIR

Select Income REIT

$19.18

-0.22 (-1.13%)

RMR

RMR Group

$62.60

-2.24 (-3.45%)

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GILD

Gilead

$68.17

-2.01 (-2.86%)

08:06
12/10/18
12/10
08:06
12/10/18
08:06
Recommendations
Gilead analyst commentary  »

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GNCA

Genocea

$0.59

-0.0038 (-0.64%)

, IPSEY

Ipsen

$0.00

(0.00%)

08:06
12/10/18
12/10
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08:06
Hot Stocks
Genocea appoints Girish Aakalu as CBO »

Genocea (GNCA) announced…

GNCA

Genocea

$0.59

-0.0038 (-0.64%)

IPSEY

Ipsen

$0.00

(0.00%)

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SYX

Systemax

$26.09

-0.79 (-2.94%)

08:05
12/10/18
12/10
08:05
12/10/18
08:05
Hot Stocks
Systemax declares special one-time cash dividend of $6.50 per share »

Systemax announced that…

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  • 11

    Dec

XPER

Xperi

$12.80

-0.53 (-3.98%)

, SSNLF

Samsung

$0.00

(0.00%)

08:04
12/10/18
12/10
08:04
12/10/18
08:04
Hot Stocks
Xperi announces settlement, new patent license agreement with Samsung »

Xperi (XPER) announced…

XPER

Xperi

$12.80

-0.53 (-3.98%)

SSNLF

Samsung

$0.00

(0.00%)

03/08/13
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03/06/13
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  • 12

    Dec

  • 06

    Jan

ARLO

Arlo Technologies

$9.00

(0.00%)

08:04
12/10/18
12/10
08:04
12/10/18
08:04
Conference/Events
Arlo Technologies management to meet with Deutsche Bank »

Meeting to be held in New…

03/08/13
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03/06/13
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03/06/13
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  • 10

    Dec

  • 11

    Dec

VERI

Veritone

$5.62

-0.09 (-1.58%)

08:03
12/10/18
12/10
08:03
12/10/18
08:03
Hot Stocks
Apis Capital proposes to acquire Veritone for $10.26 per share in cash »

Apis Capital announced…

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INAP

Internap

$5.29

-0.17 (-3.11%)

08:03
12/10/18
12/10
08:03
12/10/18
08:03
Initiation
Internap initiated  »

Jefferies says Internap…

03/08/13
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03/06/13
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03/06/13
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PKI

PerkinElmer

$83.84

-2.18 (-2.53%)

08:03
12/10/18
12/10
08:03
12/10/18
08:03
Hot Stocks
PerkinElmer appoints Prahlad Singh as president, COO »

PerkinElmer announced…

03/08/13
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