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COP

ConocoPhillips

$79.87

2.48 (3.20%)

, CVX

Chevron

$124.39

2.12 (1.73%)

06:19
10/02/18
10/02
06:19
10/02/18
06:19

Goldman downgrades ConocoPhillips to Neutral following share outperformance

Goldman Sachs analyst Neil Mehta downgraded ConocoPhillips (CVX) to Neutral citing valuation following the recent outperformance of the shares. The analyst remains positive on the company's strategy and execution, but now sees more attractive relative upside elsewhere, including Chevron (CVX). He has an $81 price target for shares of ConocoPhillips.

COP

ConocoPhillips

$79.87

2.48 (3.20%)

CVX

Chevron

$124.39

2.12 (1.73%)

COP ConocoPhillips
$79.87

2.48 (3.20%)

10/01/18
GSCO
10/01/18
DOWNGRADE
GSCO
Neutral
ConocoPhillips downgraded to Neutral from Buy at Goldman Sachs
09/20/18
RBCM
09/20/18
DOWNGRADE
Target $90
RBCM
Sector Perform
ConocoPhillips downgraded to Sector Perform at RBC Capital on peer valuation
As reported earlier, RBC Capital analyst Scott Hanold downgraded ConocoPhillips to Sector Perform from Outperform but raised his price target to $90 from $85. The analyst says that shareholders have already been rewarded by the management's model to deliver financial results, free cash flows, and capital to shareholders. With the stock up about 40% year-t0-date vs. 10%-15% peer average, Hanold says that peers have the potential for a greater rate of change as part of his otherwise "constructive" outlook on oil names.
09/20/18
RBCM
09/20/18
DOWNGRADE
RBCM
Sector Perform
ConocoPhillips downgraded to Sector Perform from Outperform at RBC Capital
09/06/18
09/06/18
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. Histogenics (HSGX) downgraded to Neutral from Buy at BTIG with analyst Ryan Zimmerman citing Histogenics announcement that its Phase 3 trial comparing NeoCart to microfracture surgery missed its primary endpoint. 2. Chevron (CVX) and ConocoPhillips (COP) were downgraded to Neutral from Buy at BofA/Merrill. 3. Franklin Resources (BEN) downgraded to Underweight from Neutral at JPMorgan with analyst Kenneth Worthington saying he believes the more recent weakness in emerging markets, and in particular in emerging market debt, will weigh on both Franklin's organic growth and earnings potential. 4. HealthEquity (HQY) downgraded to Neutral from Buy at BofA/Merrill with analyst Allen Lutz saying recent share strength fully discounts upside from interest rates and potential upside from a proposed Senate HSA bill that could add 10-15% to industry AUM. 5. Rio Tinto (RIO) downgraded to Hold from Buy at Investec. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CVX Chevron
$124.39

2.12 (1.73%)

10/02/18
GSCO
10/02/18
UPGRADE
Target $142
GSCO
Conviction Buy
Chevron upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman Sachs analyst Neil Mehta added Chevron to his firm's Americas Conviction List with a $142 price target and keeps a Buy rating on the shares. The analyst believes the recent underperformance creates a "compelling" entry point. He sees 20% total return potential for this free cash flow "winner."
09/11/18
HSBC
09/11/18
UPGRADE
Target $139
HSBC
Buy
Chevron upgraded to Buy from Hold at HSBC
HSBC analyst Gordon Gray upgraded Chevron to Buy from Hold and raised his price target to $139 from $137.
09/11/18
BREN
09/11/18
INITIATION
Target $135
BREN
Hold
Chevron initiated with a Hold at Berenberg
Berenberg analyst Henry Tarr started Chevron with a Hold rating and $135 price target.

TODAY'S FREE FLY STORIES

OSPN

OneSpan

$20.21

3.435 (20.48%)

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KMI

Kinder Morgan

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0.05 (0.26%)

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NYT

New York Times

$32.02

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RTTR

Ritter Pharmaceuticals

$0.66

-0.0104 (-1.55%)

12:25
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Conference/Events
Ritter Pharmaceuticals to host conference call »

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ZNGA

Zynga

$5.09

-0.01 (-0.20%)

12:20
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Defensive option play in Zynga as shares ease off 52-week highs »

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HSY

Hershey

$109.97

0.275 (0.25%)

12:19
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Hershey issues long-term adjusted EPS growth target of 6%-8% »

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MCS

Marcus

$40.59

1 (2.53%)

12:18
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Marcus raises quarterly dividend 6.7% to 16c per share »

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HSY

Hershey

$109.95

0.255 (0.23%)

12:18
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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Technical Analysis
NYSE market internals summary »

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12:15
02/20/19
02/20
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General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

CVS

CVS Health

$64.92

-5 (-7.15%)

, TSLA

Tesla

$302.25

-3.31 (-1.08%)

12:11
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On The Fly
Fly Intel: Wall Street's top stories at midday »

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CVS

CVS Health

$64.92

-5 (-7.15%)

TSLA

Tesla

$302.25

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BMY

Bristol-Myers

$51.21

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CELG

Celgene

$91.25

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KNDI

Kandi Technologies

$8.45

2.52 (42.50%)

GRMN

Garmin

$82.11

11.145 (15.71%)

NVTA

Invitae

$18.55

2.06 (12.49%)

OMI

Owens & Minor

$6.48

-1.46 (-18.39%)

WIX

Wix.com

$110.43

-15.275 (-12.15%)

CXO

Concho Resources

$114.44

-6.51 (-5.38%)

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HSY

Hershey

$110.01

0.315 (0.29%)

12:09
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KNX

Knight-Swift

$34.96

0.73 (2.13%)

12:05
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General news
U.S. corporate bond update: the calendar remains active. »

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DNLI

Denali Therapeutics

$21.44

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RDY

Dr. Reddy's

$35.97

-0.45 (-1.24%)

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HSY

Hershey

$109.86

0.165 (0.15%)

12:01
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Earnings
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QTT

Qutoutiao

$12.66

0.25 (2.01%)

12:01
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Downgrade
Qutoutiao rating change  »

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BHC

Bausch Health

$23.23

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IDT

IDT Corp

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-0.68 (-9.50%)

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OMI

Owens & Minor

$6.62

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I

Intelsat

$24.38

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QUAD

Quad/Graphics

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LKSD

LSC Communications

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