Breaking News Instant updates and real-time market news.

FORM

FormFactor

$15.35

0.65 (4.42%)

04:55
08/30/18
08/30
04:55
08/30/18
04:55

FormFactor management to meet with Sidoti

Meeting to be held in Ohio on August 30 hosted by Sidoti.

  • 30

    Aug

  • 05

    Sep

FORM FormFactor
$15.35

0.65 (4.42%)

04/27/18
NEED
04/27/18
DOWNGRADE
Target $17
NEED
Buy
FormFactor downgraded to Buy from Strong Buy at Needham
Needham analyst Y. Edwin Mok downgraded FormFactor (FORM) to Buy from Strong Buy and lowered his price target to $17 from $20. The analyst is citing recent reports "suggesting slower growth ahead", adding that a more cautious stance may be warranted after Intel (INTC) confirmed that it pushed out the 10nm ramp from the second half of 2018 to 2019. Mok notes that he is now less confident in the company's "sizable" second-half rebound needed to meet consensus expectations, with the recent weakness in the smartphone market also limiting FormFactor's near-term potential.
04/27/18
04/27/18
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. Chipotle (CMG) downgraded to Hold from Buy at Maxim with analyst Stephen Anderson citing recent post-earnings rally, which he sees putting the risk/rewards level in balance given the prior move up in the shares off their lows. 2. Symantec (SYMC) downgraded to Market Perform from Outperform at JMP Securities with Erik Suppiger sayng his discussions lead him to believe the cybersecurity and network spending environment was relatively robust in the March quarter. 3. FormFactor (FORM) downgraded to Buy from Strong Buy at Needham with analyst Y. Edwin Mok citing recent reports "suggesting slower growth ahead," adding that a more cautious stance may be warranted after Intel (INTC) confirmed that it pushed out the 10nm ramp from the second half of 2018 to 2019. 4. Sunoco (SUN) downgraded to Underperform from Hold at Jefferies with analyst Christopher Sighinolfi saying he believes a 25% distribution cut and over $500M equity infusion is required in order for Sunoco to meet its 2019 leverage target of 4.5-4.75 times. 5. Hershey (HSY) downgraded to Sell from Hold at Societe Generale with analyst Warren Ackerman noting that its margin trends continue to worsen and he sees its 2020 margin target as "a steep climb from here" given the FY18 EBIT guidance cut that accompanied its first quarter results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/01/18
NORL
05/01/18
NO CHANGE
Target $19.5
NORL
Outperform
FormFactor estimates cut at Northland after Intel 10nm delay
Northland analyst Gus Richard said that it appears Intel (INTC) has pushed out its 10nm ramp again and he is now modeling the ramp in the second half of 2019, pushed back from the second half of 2018. Given the delay, his is cutting estimates for FormFactor's (FORM) Q2 and calendar 2018 revenue and also trimming his gross margin expectations on lower volume and weaker mix. However, he also said FormFactor is gaining share at TSMC (TSM) in advanced 10nm and 7nm nodes and that DRAM market demand continues to be strong. Richard, who would be a buyer of FormFactor on weakness ahead of the company's report tomorrow, maintains an Outperform rating on the stock.
07/10/18
RILY
07/10/18
NO CHANGE
Target $19
RILY
Buy
FormFactor lower after B. Riley FBR highlights 'clouded' near-term visibility
After meeting with management, B. Riley FBR analyst Craig Ellis believes FormFactor's earnings per share can still reach $1.50 in the next few years. In the near term, however, two items cloud visibility, impacting the company and numerous other front-end suppliers, Ellis tells investors in a research note. First, the analyst senses a lack of visibility in a Korean customer's 1Y DRAM ramp. Second, he believes Intel's (INTC) unanticipated CEO transition clouds the outlook for the next 14nm architecture refresh and potentially the timing of the 10nm ramp. Ellis keeps a Buy rating on FormFactor with a $19 price target. The stock in early trading is down 95c, or 6%, to $13.80.

TODAY'S FREE FLY STORIES

MDGL

Madrigal Pharmaceuticals

$114.69

1.8 (1.59%)

17:12
12/11/18
12/11
17:12
12/11/18
17:12
Initiation
Madrigal Pharmaceuticals initiated  »

Madrigal Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VKTX

Viking Therapeutics

$9.47

0.01 (0.11%)

17:11
12/11/18
12/11
17:11
12/11/18
17:11
Initiation
Viking Therapeutics initiated  »

Viking Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NEOS

Neos Therapeutics

$2.03

-0.08 (-3.79%)

17:11
12/11/18
12/11
17:11
12/11/18
17:11
Syndicate
Breaking Syndicate news story on Neos Therapeutics »

Neos Therapeutics files…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ICPT

Intercept

$104.73

-1.32 (-1.24%)

17:10
12/11/18
12/11
17:10
12/11/18
17:10
Initiation
Intercept initiated  »

Intercept initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TOCA

Tocagen

$12.85

0.2 (1.58%)

17:10
12/11/18
12/11
17:10
12/11/18
17:10
Syndicate
Tocagen files to sell 3M shares of common stock »

Citigroup and Leerink…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ONCS

OncoSec

$0.82

-0.0489 (-5.62%)

17:09
12/11/18
12/11
17:09
12/11/18
17:09
Hot Stocks
Breaking Hot Stocks news story on OncoSec »

Alpha Holdings raises…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ISBC

Investors Bancorp

$11.48

-0.06 (-0.52%)

17:09
12/11/18
12/11
17:09
12/11/18
17:09
Hot Stocks
Investors Bancorp announces balance sheet restructure, branch rationalization »

Investors Bancorp…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AVDL

Avadel Pharmaceuticals

$2.62

0.06 (2.34%)

17:05
12/11/18
12/11
17:05
12/11/18
17:05
Hot Stocks
Broadfin Capital reports 8.4% stake in Avadel Pharmaceuticals »

Broadfin Capital…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BIIB

Biogen

$319.85

0.22 (0.07%)

16:58
12/11/18
12/11
16:58
12/11/18
16:58
Conference/Events
Biogen to hold a conference call »

Management provides an…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

RSYS

RadiSys

$1.72

(0.00%)

16:58
12/11/18
12/11
16:58
12/11/18
16:58
Syndicate
RadiSys requests withdrawal of registration statement »

The company is applying…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Dec

LDOS

Leidos

$58.65

-0.82 (-1.38%)

, MSFT

Microsoft

$108.67

1.11 (1.03%)

16:51
12/11/18
12/11
16:51
12/11/18
16:51
Hot Stocks
Leidos to collaborate with Microsoft on government and commercial cloud clients »

Leidos (LDOS) announced…

LDOS

Leidos

$58.65

-0.82 (-1.38%)

MSFT

Microsoft

$108.67

1.11 (1.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    Mar

FLS

Flowserve

$44.66

0.055 (0.12%)

16:48
12/11/18
12/11
16:48
12/11/18
16:48
Conference/Events
Flowserve to host analyst day »

Analyst Day to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Dec

NEO

NeoGenomics

$13.87

-0.07 (-0.50%)

16:47
12/11/18
12/11
16:47
12/11/18
16:47
Syndicate
Breaking Syndicate news story on NeoGenomics »

NeoGenomics files to sell…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Dec

DLPH

Delphi Technologies

$16.07

0.26 (1.64%)

16:47
12/11/18
12/11
16:47
12/11/18
16:47
Conference/Events
Delphi Technologies to hold a conference call »

Electronic Controllers…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

URI

United Rentals

$101.89

0.02 (0.02%)

16:40
12/11/18
12/11
16:40
12/11/18
16:40
Hot Stocks
United Rentals resumes $1.25B share repurchase »

United Rentals announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    Dec

  • 13

    Dec

  • 14

    Dec

MRO

Marathon Oil

$15.33

0.03 (0.20%)

16:36
12/11/18
12/11
16:36
12/11/18
16:36
Hot Stocks
Marathon Oil reports successful Bakken core extension in Ajax area »

Marathon Oil announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Dec

URI

United Rentals

$101.89

0.02 (0.02%)

16:36
12/11/18
12/11
16:36
12/11/18
16:36
Earnings
United Rentals sees FY19 revenue $9.15B-$9.55B, consensus $9.15B »

Sees FY19 adjusted EBITDA…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    Dec

  • 13

    Dec

  • 14

    Dec

16:35
12/11/18
12/11
16:35
12/11/18
16:35
General news
API crude inventories for week of December 7 »

API reports that crude…

TPH

TRI Pointe

$11.39

-0.11 (-0.96%)

16:35
12/11/18
12/11
16:35
12/11/18
16:35
Hot Stocks
TRI Pointe acquires Dunhill Homes, Nathan Carlisle Homes for $60M »

TRI Pointe announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MDP

Meredith

$55.82

0.81 (1.47%)

16:35
12/11/18
12/11
16:35
12/11/18
16:35
Conference/Events
Meredith management to meet with Stephens »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Dec

BEN

Franklin Resources

$31.53

-0.52 (-1.62%)

16:34
12/11/18
12/11
16:34
12/11/18
16:34
Hot Stocks
Franklin Resources raises quarterly dividend 13% to 26c per share »

The dividend is payable…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BHLB

Berkshire Hills Bancorp

$31.32

0.09 (0.29%)

, SIFI

SI Financial

$13.09

-0.1 (-0.76%)

16:33
12/11/18
12/11
16:33
12/11/18
16:33
Hot Stocks
Berkshire Hills to acquire SI Financial in $180M deal »

Berkshire Hills Bancorp…

BHLB

Berkshire Hills Bancorp

$31.32

0.09 (0.29%)

SIFI

SI Financial

$13.09

-0.1 (-0.76%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

URI

United Rentals

$101.89

0.02 (0.02%)

16:33
12/11/18
12/11
16:33
12/11/18
16:33
Earnings
Breaking Earnings news story on United Rentals »

United Rentals backs FY18…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    Dec

  • 13

    Dec

  • 14

    Dec

16:33
12/11/18
12/11
16:33
12/11/18
16:33
Conference/Events
Wedbush enterprise software analyst to hold a luncheon »

Enterprise Software…

CLF

Cleveland-Cliffs

$9.01

0.185 (2.10%)

16:32
12/11/18
12/11
16:32
12/11/18
16:32
Hot Stocks
Cleveland-Cliffs names Clifford Smith as COO »

Cleveland-Cliffs…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.