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SQ

Square

$80.79

2.545 (3.25%)

07:48
08/29/18
08/29
07:48
08/29/18
07:48

Guggenheim names Square new best idea, raises price target to $100

Guggenheim analyst Jeff Cantwell raised his price target on Square shares to $100 from $75 and named the stock as his new best idea, stating that he thinks subscription and services-based revenues will be stronger than anticipated and that the Cash App has an emerging "butterfly effect" given its key role in providing services to the underbanked. Over the longer-term, Cantwell expects a further buildout of Cash App's services, which he sees as likely to generate significant incremental subscription and services-based revenue for Square, on which he keeps a Buy rating.

  • 12

    Sep

SQ Square
$80.79

2.545 (3.25%)

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.
08/06/18
08/06/18
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. INTERCEPT DOUBLE UPGRADED AT GOLDMAN: Goldman Sachs analyst Salveen Richter double upgraded Intercept Pharmaceuticals (ICPT) to Buy from Sell and raised his price target for the shares to $157 from $46. The analyst said 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. Intercept should benefit from Ocaliva's global first-mover advantage in NASH, Richter said. In late morning trading, Intercept shares are up 12%. BUCKINGHAM UPGRADES SQUARE TO BUY: Buckingham upgraded Square (SQ) to Buy from Neutral and raised its price target to $85 from $65. Analyst Chris Brendler said the strong Q2 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. Brendler said long-run adjusted EBITDA margins of 40%-50% justify a higher valuation. PIPER CUTS ACADIA TO NEUTRAL: Piper Jaffray analyst Danielle Brill downgraded Acadia Pharmaceuticals (ACAD) to Neutral from Overweight and cut her firm's price target on shares to $19 from $61 after taking over coverage of the name. The recent negative headlines related to potential Nuplazid safety issues will continue to weigh on sales and the shares for the foreseeable future, Brill said. Further, the analyst does not have a high level of conviction for positive data from Acadia's near-term catalysts, namely the Phase 2 major depressive disorder data in September and the Phase 2 negative schizophrenia symptoms readout in the first half of 2019. BARCLAYS CUTS INTEL TO EQUAL WEIGHT: Barclays analyst Blayne Curtis downgraded Intel (INTC) to Equal Weight from Overweight and cut his price target for the shares to $53 from $62. The analyst believes upside in the shares will be challenging until the company's margins bottom. JEFFERIES SAYS OHIO INCIDENT NOT A RISK TO CHIPOTLE TRAFFIC: After analyzing digital engagement with the brand from last week and compared to the Virginia incident last July, Jefferies analyst Andy Barish does not believe the illnesses at the Ohio restaurant put Chipotle Mexican Grill's (CMG) traffic trends at risk. The analyst believes Chipotle's procedures were followed in Ohio, the number of cases was not substantiated, and the company did a better job controlling the narrative and taking action. Barish kept a Buy rating on Chipotle shares with a $550 price target.
08/14/18
NOMU
08/14/18
NO CHANGE
Target $86
NOMU
Buy
Square Cash App surpassed PayPal's Venmo for first time in July, says Nomura
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. Cash App downloads in July of 33.5M marked the highest monthly addition on record, Dolev tells investors in a research note. The analyst says the Square Cash App is growing three times faster than Venmo. He keeps a Buy rating on Square shares.
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

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04/25/19
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General news
Asian Market Wrap: »

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MTSI

Macom

$15.86

-0.33 (-2.04%)

21:33
04/24/19
04/24
21:33
04/24/19
21:33
Downgrade
Macom rating change at Evercore ISI »

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  • 07

    May

GRTS

Gritstone Oncology

$12.32

-0.63 (-4.86%)

20:58
04/24/19
04/24
20:58
04/24/19
20:58
Syndicate
Gritstone Oncology 6.5M share Secondary priced at $11.50 »

Goldman Sachs, Cowen,…

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  • 25

    Apr

MTSI

Macom

$15.86

-0.33 (-2.04%)

20:56
04/24/19
04/24
20:56
04/24/19
20:56
Downgrade
Macom rating change at Jefferies »

Macom downgraded to Hold…

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  • 07

    May

CBS

CBS

$51.34

-0.01 (-0.02%)

, VIAB

Viacom

$29.69

0.42 (1.43%)

20:39
04/24/19
04/24
20:39
04/24/19
20:39
Periodicals
CBS board has restarted talks about a bid for Viacom, NBC reports »

The board members of CBS…

CBS

CBS

$51.34

-0.01 (-0.02%)

VIAB

Viacom

$29.69

0.42 (1.43%)

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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    May

INTC

Intel

$58.72

-0.06 (-0.10%)

20:34
04/24/19
04/24
20:34
04/24/19
20:34
Periodicals
Intel lays off dozens in autonomous vehicle division, The Information reports »

Several dozen workers…

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    Jun

CMCSA

Comcast

$41.87

-0.11 (-0.26%)

, CMCSK

Comcast

$0.00

(0.00%)

20:25
04/24/19
04/24
20:25
04/24/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

CMCSA

Comcast

$41.87

-0.11 (-0.26%)

CMCSK

Comcast

$0.00

(0.00%)

MMM

3M

$219.24

-0.28 (-0.13%)

ABBV

AbbVie

$78.71

0.06 (0.08%)

MO

Altria Group

$54.70

-0.14 (-0.26%)

UPS

UPS

$114.39

0.79 (0.70%)

BMY

Bristol-Myers

$44.63

-0.69 (-1.52%)

RTN

Raytheon

$185.44

-2.08 (-1.11%)

ITW

Illinois Tool Works

$156.78

-1.14 (-0.72%)

BAX

Baxter

$76.31

-0.02 (-0.03%)

VLO

Valero

$87.75

-2.53 (-2.80%)

LUV

Southwest

$52.92

0.11 (0.21%)

HSY

Hershey

$117.01

0.16 (0.14%)

ROK

Rockwell Automation

$188.97

-0.405 (-0.21%)

HES

Hess Corp.

$65.79

-1.67 (-2.48%)

FCX

Freeport McMoRan

$13.57

0.115 (0.85%)

IP

International Paper

$44.30

-0.37 (-0.83%)

DHI

D.R. Horton

$46.67

0.275 (0.59%)

TSCO

Tractor Supply

$104.09

0.88 (0.85%)

MAS

Masco

$39.98

-0.02 (-0.05%)

IVZ

Invesco

$21.53

-0.09 (-0.42%)

CLF

Cleveland-Cliffs

$9.52

0.025 (0.26%)

03/08/13
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03/06/13
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    Nov

PBR

Petrobras

$15.34

-0.45 (-2.85%)

20:15
04/24/19
04/24
20:15
04/24/19
20:15
Periodicals
Breaking Periodicals news story on Petrobras »

Petrobras to dismiss…

03/08/13
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BTI

British American Tobacco

$39.33

-0.45 (-1.13%)

19:28
04/24/19
04/24
19:28
04/24/19
19:28
Periodicals
BAT faces legal action over giving workers free cigarettes, Bloomberg says »

Lawyers are weighing…

03/08/13
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POR

Portland General Electric

$51.20

0.61 (1.21%)

19:22
04/24/19
04/24
19:22
04/24/19
19:22
Hot Stocks
Portland General Electric raises quarterly dividend 6.3% to 38.5c per share »

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03/08/13
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  • 24

    Apr

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    Apr

WPG

Washington Prime

$4.55

-0.08 (-1.73%)

19:14
04/24/19
04/24
19:14
04/24/19
19:14
Earnings
Washington Prime reports Q1 FFO 31c, consensus 29c »

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  • 25

    Apr

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  • 04

    Jun

AVH

Avianca

$3.91

-0.09 (-2.25%)

19:14
04/24/19
04/24
19:14
04/24/19
19:14
Hot Stocks
Avianca CEO Rincon to retire effective April 30 »

Avianca Holdings…

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SAM

Boston Beer

$276.71

-1.24 (-0.45%)

, AXTI

AXT Inc.

$4.74

0.09 (1.94%)

19:03
04/24/19
04/24
19:03
04/24/19
19:03
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

SAM

Boston Beer

$276.71

-1.24 (-0.45%)

AXTI

AXT Inc.

$4.74

0.09 (1.94%)

FBHS

Fortune Brands

$49.89

0.53 (1.07%)

BCOV

Brightcove

$8.72

0.12 (1.40%)

FB

Facebook

$182.64

-1.13 (-0.61%)

NOW

ServiceNow

$242.41

-1.085 (-0.45%)

MSFT

Microsoft

$125.00

-0.5 (-0.40%)

LRCX

Lam Research

$195.40

0.56 (0.29%)

TILE

Interface

$17.11

0.22 (1.30%)

CHDN

Churchill Downs

$92.16

2.66 (2.97%)

KN

Knowles

$18.48

0.05 (0.27%)

CMG

Chipotle

$710.00

7.61 (1.08%)

TSLA

Tesla

$258.70

-5.15 (-1.95%)

XLNX

Xilinx

$139.79

2.66 (1.94%)

PTC

PTC

$101.94

1.12 (1.11%)

NTGR

Netgear

$35.03

-0.18 (-0.51%)

SAVE

Spirit Airlines

$58.30

0.82 (1.43%)

ORLY

O'Reilly Automotive

$396.80

1.14 (0.29%)

MMLP

Martin Midstream Partners

$9.84

-0.285 (-2.82%)

03/08/13
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    Nov

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

, PBF

PBF Energy

$33.09

-0.805 (-2.38%)

19:02
04/24/19
04/24
19:02
04/24/19
19:02
Earnings
PBF Logistics reports preliminary Q1 revenue $78.3M-$79.3M, consensus $78.17M »

Reports preliminary Q1…

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

PBF

PBF Energy

$33.09

-0.805 (-2.38%)

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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  • 01

    May

  • 01

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  • 23

    May

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

, PBF

PBF Energy

$33.09

-0.805 (-2.38%)

19:01
04/24/19
04/24
19:01
04/24/19
19:01
Hot Stocks
PBF Logistics acquires remaining 50% interest in Torrance Valley Pipeline Compan »

PBF Logistics (PBFX)…

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

PBF

PBF Energy

$33.09

-0.805 (-2.38%)

03/08/13
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  • 01

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    May

NOW

ServiceNow

$242.41

-1.085 (-0.45%)

18:58
04/24/19
04/24
18:58
04/24/19
18:58
Hot Stocks
ServiceNow CEO: We are the IT system of record »

In an interview on…

03/08/13
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  • 24

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    May

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

18:57
04/24/19
04/24
18:57
04/24/19
18:57
Syndicate
PBF Logistics announces registered direct offering of 6.59M common units »

PBF Logistics announced…

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  • 01

    May

NFBK

Northfield Bancorp

$14.70

0.09 (0.62%)

18:56
04/24/19
04/24
18:56
04/24/19
18:56
Hot Stocks
Northfield Bancorp raises quarterly dividend to 11c from 10c per share »

The dividend is payable…

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  • 13

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NFBK

Northfield Bancorp

$14.70

0.09 (0.62%)

18:55
04/24/19
04/24
18:55
04/24/19
18:55
Earnings
Northfield Bancorp reports Q1 EPS 19c, consensus 19c »

Reports Q1 NII $27.3M vs.…

03/08/13
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  • 13

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ZUO

Zuora

$20.03

0.04 (0.20%)

18:42
04/24/19
04/24
18:42
04/24/19
18:42
Hot Stocks
Zuora CEO: Subscription based business models are on the rise »

In an interview on…

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  • 10

    Jun

TSLA

Tesla

$258.70

-5.15 (-1.95%)

, MXWL

Maxwell

$4.28

-0.095 (-2.17%)

18:31
04/24/19
04/24
18:31
04/24/19
18:31
Hot Stocks
Tesla says 50% of deliveries occurred in last 10 days of quarter »

Says: Overseas volume…

TSLA

Tesla

$258.70

-5.15 (-1.95%)

MXWL

Maxwell

$4.28

-0.095 (-2.17%)

03/08/13
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  • 24

    Apr

OMAB

OMA Airports

$48.34

-0.25 (-0.51%)

18:18
04/24/19
04/24
18:18
04/24/19
18:18
Earnings
OMA Airports reports Q1 EPS 67c, two estimates 73c »

Reports Q1 traffic up…

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  • 25

    Apr

HMC

Honda

$27.70

-0.8 (-2.81%)

18:07
04/24/19
04/24
18:07
04/24/19
18:07
Hot Stocks
Honda to recall roughly 94,000 cars in U.S. over faulty timing belts »

Honda said it will…

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  • 24

    Apr

NTDOY

Nintendo

$0.00

(0.00%)

18:05
04/24/19
04/24
18:05
04/24/19
18:05
Hot Stocks
Nintendo says 'Super Mario Maker 2' coming to Switch June 28 »

Nintendo announced that…

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  • 08

    Jun

ARGO

Argo Group

$74.46

0.515 (0.70%)

18:04
04/24/19
04/24
18:04
04/24/19
18:04
Hot Stocks
Argo Group says Voce making 'false and misleading' statements about company »

Argo Group International…

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  • 11

    Jun

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Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
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Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.