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PBR

Petrobras

$10.82

0.475 (4.59%)

12:50
08/29/18
08/29
12:50
08/29/18
12:50

Massive call buy in Petrobras as shares spike

Massive call buy in Petrobras as shares spike. The stock up 4.5% to $10.81 and 90K Sep 11.5 calls BOUGHT at 29c, tied to a delta hedge of 2.8M shares. The interest opens a position struck 6.4% above spot and expires in 23 days. While the stock is seeing notable strength Wednesday, it has shed 13.6% since 8/3. The big block of calls expresses a bullish short-term view.

PBR Petrobras
$10.82

0.475 (4.59%)

08/08/18
SOCG
08/08/18
NO CHANGE
Target $13.5
SOCG
Hold
Petrobras price target raised to $13.50 from $11 at Societe Generale
Societe Generale analyst John Herrlin raised his price target on Petrobras to $13.50 from $11.00 after its Q2 results were operationally better than he had expected. Herrlin, who thinks Petrobras will likely benefit from stronger Brent pricing, lower operating costs, and new FPSOs coming onstream, keeps a Hold rating on the stock.
07/11/18
LEHM
07/11/18
DOWNGRADE
Target $66
LEHM
Underweight
Barclays downgrades Hess to Underweight on 'steepest' group premium
Barclays analyst Paul Cheng downgraded Hess Corp. (HES) to Underweight from Equal Weight while raising his price target for the shares to $66 from $55. The analyst says his analysis indicates Hess trades at the "steepest premium" in the group. His Guyana estimate would need to move 75%-100% higher for Hess to trade in-line with large-cap Exploration and Production companies. Cheng replaced Cenovus Energy (CVE) with ConocoPhillips (COP) as his top pick following the stock's strong share performance. He also double upgraded Petrobras (PBR) Overweight from Underweight, upgraded Husky Energy (HUSKF) to Overweight and Imperial Oil (IMO) to Equal Weight. The analyst thinks Hess and Exxon Mobil (XOM) offer the least value over the next 12 months.
07/11/18
LEHM
07/11/18
UPGRADE
Target $14
LEHM
Overweight
Petrobras upgraded to Overweight from Underweight at Barclays
Barclays analyst Paul Cheng double upgraded Paul Y. Cheng to Overweight from Underweight with an unchanged price target of $14. The company's steep valuation discount "more than outweighs the underlying political risk," Cheng tells investors in a research note.
06/11/18
06/11/18
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. UMC (UMC) upgraded to Market Perform from Underperform at Bernstein with analyst Mark Li saying he believes the company will deliver a better capital return. 2. Petrobras (PBR) upgraded to Market Perform from Underperform at Raymond James with analyst Pavel Molchanov saying the government's "dramatic intervention" in late May to slash diesel prices in response to a national trucker strike is largely reflected in valuation. 3. Apache (APA) upgraded to Buy from Hold at Argus with analyst Bill Selesky citing the impact of rising crude oil prices as well as the management's strategy of allocating nearly 70% of its FY18 capital spending program to production in the Permian basin. 4. Match Group (MTCH) upgraded to Buy from Hold at Jefferies with analyst Brent Thill saying a survey of 600 online daters shows many users do not wish to commingle dating with social media. 5. First Data (FDC) upgraded to Buy from Neutral at Goldman Sachs with analyst James Schneider saying despite "choppy" fundamentals, the company's revenue growth is poised to improve. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GOOG

Alphabet

$1,248.36

-0.6 (-0.05%)

, GOOGL

Alphabet Class A

$1,253.24

-0.7 (-0.06%)

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ZTO

ZTO Express

$19.60

0.3 (1.55%)

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DOOO

BRP Inc.

$30.94

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MLI

Mueller Industries

$28.50

-2.7 (-8.65%)

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JP

Jupai Holdings

$3.50

-0.47 (-11.84%)

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WAT

Waters

$200.02

-41.06 (-17.03%)

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KSS

Kohl's

$72.06

4.63 (6.87%)

09:47
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  • 15

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CE

Celanese

$112.78

8.28 (7.92%)

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  • 23

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TWTR

Twitter

$37.51

3.12 (9.07%)

09:47
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  • 23

    Apr

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09:45
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General news
New Home Sales to be reported at 10:00 »

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Richmond Fed Manufacturing Index Level to be reported at 10:00 »

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TPR

Tapestry

$30.68

(0.00%)

09:42
04/23/19
04/23
09:42
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09:42
Downgrade
Tapestry rating change  »

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  • 29

    May

WPM

Wheaton Precious Metals

$21.79

(0.00%)

09:42
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Downgrade
Wheaton Precious Metals rating change  »

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  • 09

    May

WHR

Whirlpool

$139.39

(0.00%)

, MAT

Mattel

$11.78

(0.00%)

09:40
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Options
Unusually active option classes on open April 23rd »

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WHR

Whirlpool

$139.39

(0.00%)

MAT

Mattel

$11.78

(0.00%)

KSS

Kohl's

$67.43

(0.00%)

LMT

Lockheed Martin

$315.24

(0.00%)

HOG

Harley-Davidson

$39.71

(0.00%)

TWTR

Twitter

$34.39

(0.00%)

PG

Procter & Gamble

$106.04

(0.00%)

TGT

Target

$82.00

(0.00%)

HAL

Halliburton

$31.09

(0.00%)

KO

Coca-Cola

$47.38

(0.00%)

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HOG

Harley-Davidson

$39.71

-1.2 (-2.93%)

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  • 23

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DIS

Disney

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  • 08

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AEM

Agnico Eagle

$40.16

-0.235 (-0.58%)

09:37
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09:37
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09:37
Upgrade
Agnico Eagle rating change  »

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  • 26

    Apr

BPOP

Popular

$55.94

-0.83 (-1.46%)

09:37
04/23/19
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09:37
Recommendations
Popular analyst commentary  »

Popular price target…

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NFLX

Netflix

$377.43

17.21 (4.78%)

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  • 03

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LRCX

Lam Research

$195.15

0.4 (0.21%)

, AMAT

Applied Materials

$43.78

-0.16 (-0.36%)

09:34
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LRCX

Lam Research

$195.15

0.4 (0.21%)

AMAT

Applied Materials

$43.78

-0.16 (-0.36%)

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  • 24

    Apr

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TPR

Tapestry

$30.68

-1.85 (-5.69%)

09:32
04/23/19
04/23
09:32
04/23/19
09:32
Downgrade
Tapestry rating change  »

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  • 29

    May

FTS

Fortis

$37.19

-0.08 (-0.21%)

09:31
04/23/19
04/23
09:31
04/23/19
09:31
Downgrade
Fortis rating change  »

Fortis downgraded to…

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  • 01

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