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MTZ

MasTec

$43.75

1.25 (2.94%)

, PWR

Quanta Services

$34.61

0.48 (1.41%)

14:30
08/29/18
08/29
14:30
08/29/18
14:30

FERC order on Mountain Valley removes overhang on MasTec, says KeyBanc

KeyBanc analyst Tahira Afzal said the FERC order that appears to allow for EQT Corporation (EQT) to resume close to full construction on the Mountain Valley Pipeline looks to be a clear positive development for MasTec (MTZ) and removes the significant overhang of the potential of having to demobilize a portion of its construction workforce. While MasTec is most exposed to MVP, Quanta Services (PWR) also has some exposure, noted Afzal, who has Overweight ratings on both MasTec and Quanta.

MTZ

MasTec

$43.75

1.25 (2.94%)

PWR

Quanta Services

$34.61

0.48 (1.41%)

EQT

EQT Corporation

$50.73

0.7 (1.40%)

  • 06

    Nov

MTZ MasTec
$43.75

1.25 (2.94%)

08/29/18
BARD
08/29/18
NO CHANGE
Target $51
BARD
Outperform
Baird sees Mountain Valley Pipeline construction re-start as positive for MasTeC
Baird analyst Andrew Wittmann notes that the Federal Energy Regulatory Commission has allowed the substantial re-start of construction for MasTec's largest pipeline construction project, the Mountain Valley Pipeline. Today's news re-authorized substantially all the construction to resume, except for those crossing federal lands, where an updated environmental review was mandated by a federal appeals court in late July, he points out, adding that he estimates only about 30 miles of pipeline are impacted by the work stoppage at this point. Wittmann reiterates an Outperform rating and $51 price target on the shares.
08/07/18
BARD
08/07/18
UPGRADE
BARD
Outperform
MasTec upgraded to Outperform from Neutral at Baird
08/07/18
BARD
08/07/18
UPGRADE
Target $53
BARD
Outperform
MasTec upgraded to Outperform at Baird
As reported previously, Baird analyst Andrew Wittmann upgraded MasTec to Outperform from Neutral and designated it as a Fresh Pick. The analyst said concerns of weak cash flow and the MVP project work stoppage have already been priced into the stock and now offer a potential catalyst for the shares. He sees solid near-term fundamentals and sees the risk/reward better below $50 a shares. Wittmann has a $53 price target on MasTec.
08/07/18
08/07/18
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. SeaWorld (SEAS) upgraded to Neutral from Underperform at Macquarie with analyst Matthew Brooks saying management is executing well, 1H 2018 attendance growth was impressive, and a new 2020 EBITDA goal heading into a seasonally strong period changes is cautious thesis. 2. Alnylam (ALNY) upgraded to Buy from Hold at Stifel with analyst Paul Matteis citing a series of upcoming, likely positive pipeline events for givosiran, lumasiran and ALN-TTRsc02 along with his confidence in Alnylam's ability to have a dominant position in the TTR amyloidosis market over the longer-term. 3. NeoPhotonics (NPTN) upgraded to Buy from Neutral at B. Riley FBR with analyst Dave Kang saying he sees improving fundamentals and increased his estimates following the company's Q2 results. 4. Illumina (ILMN) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Steve Beuchaw saying his prior thesis overestimated the impact of new products such as NovaSeq on utilization of the legacy installed base and failed to value critical new markets. 5. MasTec (MTZ) upgraded to Outperform from Neutral at Baird with analyst Andrew Wittmann saying concerns of weak cash flow and the MVP project work stoppage have already been priced into the stock and now offer a potential catalyst for the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PWR Quanta Services
$34.61

0.48 (1.41%)

03/15/18
SBSH
03/15/18
NO CHANGE
SBSH
Buy
Citi a buyer of top pick Quanta Services at current levels
Citi analyst Andrew Kaplowitz says he's a buyer of Quanta Services at current share levels and that the company remains his top pick in Engineering and Construction. Even after a "relatively strong 4Q earnings report and solid outlook," the stock "continues to tread water," Kaplowitz tells investors in a research note. He believes concerns regarding the mainline pipe rolling over, oil and gas margin needing to be higher, and Electric Power needing large transmission projects to grow are either overblown or will be resolved over time.
12/18/17
SBSH
12/18/17
NO CHANGE
Target $47
SBSH
Buy
Citi calls Quanta 'holiday treat for savvy investors'
Citi analyst Andrew Kaplowitz expects Quanta Services' 2018 to bring a continuation of rising backlog and revenue in both its Electric Power and Oil and Gas units as well as gradual normalization of margin toward margin targets. Further, the company should be a prime beneficiary of U.S. tax reform, Kaplowitz tells investors in a research note. Quanta had a good year in 2017, and 2018 is "poised to be better, and maybe a lot better," the analyst contends. As such, he thinks Quanta Services is a "holiday treat for savvy investors." Kaplowitz has a Buy rating on the shares with a $47 price target.
06/20/18
KEYB
06/20/18
NO CHANGE
KEYB
Overweight
Quanta missed out on TransCanada bid, but opportunities remain, says KeyBanc
KeyBanc analyst Tahira Afzal noted that TransCanada (TRP) announced the conditional selection of contractors to construct the Coastal GasLink Pipeline Project and pointed out that an unsuccessful bid was made by Quanta Services (PWR). While missing out on this contract is disappointing, Afzal highlights that Quanta remains disciplined on price and said several other pipeline opportunities in Canada could still support the upper end of the company's 2018 oil and gas projections. The analyst keeps an Overweight rating on Quanta shares.
EQT EQT Corporation
$50.73

0.7 (1.40%)

08/17/18
LTCO
08/17/18
NO CHANGE
Target $70
LTCO
Buy
EQT Corporation price target cut to $70 from $80 at Ladenburg
Ladenburg Thalmann analyst Michael Schmitz maintained a Buy rating on EQT Corporation but reduced his price target to $70 from $80, citing a full in-service delay for the Mountain Valley Pipeline to 4Q14 vs. its recent 1Q19 target. The additional project delay follows FERC's modified stop work order for MVP, and the modification allows construction to restart for ~77 miles of the MVP route in West Virginia, though because of the continued work stoppage order that impacts 200+ miles of the project's route, MVP has released as much as 50% of its construction workforce.
08/06/18
MSCO
08/06/18
NO CHANGE
Target $59
MSCO
Equal Weight
Mountain Vally stop order ups risk for more delays for EQT, says Morgan Stanley
After the Federal Energy Regulatory Commission issued a project-wide stop work order for the Mountain Valley Pipeline project, which is partially owned by EQT Midstream Partners (EQM), Morgan Stanley analyst Drew Venker said this shouldn't be a big surprise given key permits had been vacated, but he also believes it does increase the risk of further project delays. Venker, who continues to expect in service in full for the Mountain Valley Pipeline is most likely between Q2 and Q3 of 2019, keeps an Equal Weight rating and $59 price target on EQT Corporation (EQT) shares.
07/05/18
07/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Deciphera (DCPH) initiated with a Buy at SunTrust. 2. EQT Corporation (EQT) initiated with a Hold at TD Securities. 3. Pioneer Natural (PXD) initiated with a Buy at TD Securities. 4. Veoneer (VNE) initiated with an Overweight at Barclays. 5. Valeritas (VLRX) initiated with an Outperform at Oppenheimer. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/05/18
TDSI
07/05/18
INITIATION
Target $57
TDSI
Hold
EQT Corporation initiated with a Hold at TD Securities
TD Securities analyst Menno Hulshof initiated EQT Corporation with a Hold and $57 price target.

TODAY'S FREE FLY STORIES

KFS

Kingsway Financial

$2.30

-0.14 (-5.74%)

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AWK

American Water

$104.63

2.32 (2.27%)

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FSNN

Fusion

$0.24

0.0048 (2.01%)

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PSA

Public Storage

$217.43

0.81 (0.37%)

19:42
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  • 24

    Apr

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    Jun

V

Visa

$160.14

-0.33 (-0.21%)

19:40
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Visa board elects Visa CEO Al Kelly as Chair »

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  • 24

    Apr

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    Jun

NAVB

Navidea

$0.17

0.0001 (0.06%)

19:39
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Navidea announces one-for-twenty reverse stock split »

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TISA

Top Image Systems

$0.84

-0.0069 (-0.81%)

19:37
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Top Image sees voluntarily delisting to be complete before Nasdaq deadline »

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FCPT

Four Corners Property Trust

$28.17

0.49 (1.77%)

19:33
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  • 24

    Apr

PRK

Park National

$93.98

-2.72 (-2.81%)

19:32
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Earnings
Park National reports Q1 EPS $1.62, two estimates $1.61 »

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  • 22

    Apr

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STNE

StoneCo

$26.50

-8.25 (-23.74%)

19:29
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StoneCo says latest incentive offers from competitors don't change strategy »

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  • 11

    Jun

GPIC

Gaming Partners

$13.09

(0.00%)

19:24
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Gaming Partners sees acquisition by Angel closing on May 1 »

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

17:04
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Conference/Events
Charles Schwab to hold a webcast »

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  • 26

    Apr

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    May

12:45
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MMNFF

MedMen

$0.00

(0.00%)

11:13
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MedMen announces resignations of COO and General Counsel »

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TKC

Turkcell

$5.49

-0.175 (-3.09%)

11:08
04/19/19
04/19
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11:08
Hot Stocks
Turkcell sees conclusion of $4.2B lawsuit against MTN this year »

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FCCY

1st Constitution Bancorp

$18.07

-0.14 (-0.77%)

11:05
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Earnings
1st Constitution Bancorp reports Q1 EPS 39c, two estimates 36c »

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QUMU

Qumu

$2.83

-0.035 (-1.22%)

11:03
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Qumu announces death of director Thomas Madison »

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  • 01

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FAT

Fat Brands

$5.15

0.065 (1.28%)

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HRTG

Heritage Insurance

$14.32

0.25 (1.78%)

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COTY

Coty

$11.27

0.02 (0.18%)

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NTES

NetEase

$265.88

-2.34 (-0.87%)

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09:10
04/19/19
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General news
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