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LOW

Lowe's

$114.04

-0.79 (-0.69%)

, TPR

Tapestry

$50.34

0.07 (0.14%)

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

Lowe's, Tapestry added to US 1 List at BofA/Merrill

LOW

Lowe's

$114.04

-0.79 (-0.69%)

TPR

Tapestry

$50.34

0.07 (0.14%)

AMH

American Homes 4 Rent

$21.54

-0.35 (-1.60%)

  • 28

    Oct

LOW Lowe's
$114.04

-0.79 (-0.69%)

09/28/18
09/28/18
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. CITI CUTS TESLA TO SELL: Citi analyst Itay Michaeli downgraded Tesla (TSLA) to Sell from Neutral and lowered his price target for the shares to $225 from $356. The analyst is making a "risk/reward call" into the outcome of the SEC lawsuit against CEO Elon Musk. In a scenario where the suit leads to Musk's exit, the analyst says there is "little question" that the departure would likely cause harm to Tesla's brand, stakeholder confidence and fundraising. This would increase the risk of triggering a "downward confidence spiral" given the state of Tesla's balance sheet, Michaeli said. Even if Musk were to stay on after settling or prevailing, the analyst believes the "reputational harm" from the suit "might still prevent the stock from immediately returning to 'normal.'" SUNTRUST UPGRADES LOWE'S TO BUY: SunTrust analyst Keith Hughes upgraded Lowe's (LOW) to Buy from Hold and raised his price target to $138 from $110. The analyst cites the company's latest Q2 earnings and the analyst meeting with its management suggesting an "internally focused" turnaround progressing at a "consistent pace" over the next 2-3 years. Hughes adds that even though the stock has recently turned higher, it could rise as much as 50% if the company could reclaim just half of the SG&A difference with Home Depot (HD). STIFEL STARTS ZYNGA WITH A BUY: Stifel analyst Drew Crum initiated Zynga (ZNGA) with a Buy rating and a price target of $5. The analyst cites the "favorable industry for mobile gaming", with annualized mobile gaming revenue expected to increase by 17%. Crum also cites his expectations of greater visibility on its game pipeline and further opportunities to improve adjusted EBITDA. WELLS DOWNGRADES CONTAINERSHIP NAMES: Wells Fargo analyst Michael Webber downgraded the Box Lessor and Containership group saying headwinds from both the International Maritime Organization 2020 fuel regulations and the impact of tariffs have created "significant downside risks" for the stocks. He downgraded Triton International (TRTN), CAI International (CAI) and Costamare (CMRE), all to Market Perform from Outperform, and cut Seaspan (SSW) and Textainer (TGH) to Underperform from Market Perform. He kept a Market Perform rating on Matson (MATX) with an unchanged price target of $35. EVERCORE BOOSTS NVIDIA PRICE TARGET: Evercore ISI analyst C.J. Muse said he believes investors are now more appreciative of Nvidia's (NVDA) opportunity in creating the AI industry standard and the company's "positive feedback loop" within deep learning. Longer-term, he sees tremendous growth opportunities led by the new Turing architecture, which further entrenches Nvidia's high-end gaming moat and presents a "meaningful" opportunity in Inference, Muse said. The analyst, who sees Nvidia being poised to grow EPS at a 30-35% CAGR through 2020 and beyond, raised his price target on the stock to $400 from $300 and kept an Outperform rating on the shares.
09/28/18
RHCO
09/28/18
UPGRADE
RHCO
Buy
Lowe's upgraded to Buy from Hold at SunTrust
09/28/18
RHCO
09/28/18
UPGRADE
Target $138
RHCO
Buy
Lowe's upgraded to Buy at SunTrust on 'internally focused' turnaround
As reported earlier, SunTrust analyst Keith Hughes upgraded Lowe's (LOW) to Buy from Hold and raised his price target to $138 from $110. The analyst cites the company's latest Q2 earnings and the analyst meeting with its management suggesting an "internally focused" turnaround progressing at a "consistent pace" over the next 2-3 years. Hughes adds that even though the stock has recently turned higher, it could rise as much as 50% if the company could reclaim just half of the SG&A difference with Home Depot (HD). The analyst further notes that Lowe's further sales improvement could also come from "changes in merchandising, brands and lower out of stock for both pros and consumers".
09/28/18
09/28/18
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. Lowe's (LOW) upgraded to Buy from Hold at SunTrust with analyst Keith Hughes citing the company's latest Q2 earnings and the analyst meeting with its management suggesting an "internally focused" turnaround progressing at a "consistent pace" over the next 2-3 years. 2. Devon Energy (DVN) upgraded to Overweight from Neutral at Piper Jaffray with analyst Ryan Todd saying he sees a "high-quality onshore portfolio driving upper-quartile debt-adjusted cash flow growth and active disposal program as offering support for free cash flow momentum into 2019" and beyond. 3. HCP (HCP) upgraded to Overweight from Neutral at Cantor Fitzgerald with analyst Joseph France saying after years of restructuring and strengthening its financials, HCP is now well positioned in each of its major businesses, particularly life science and medical office. 4. SAIC (SAIC) upgraded to Buy from Hold at Drexel Hamilton. 5. Cameco (CCJ) upgraded to Sector Perform from Underperform at Scotiabank with analyst Orest Wowkodaw saying the Tax Court of Canada ruling was "very favorable," appears to effectively end the company's long-standing tax dispute and represents the best possible outcome for the company. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TPR Tapestry
$50.34

0.07 (0.14%)

08/15/18
JPMS
08/15/18
NO CHANGE
Target $54
JPMS
Neutral
Tapestry price target raised to $54 from $50 at JPMorgan
JPMorgan analyst Matthew Boss raised his price target for Tapestry to $54 from $50 and maintained a Neutral rating, telling investors in a research note that he views kate spade new york as an attractive acquisition but with limited visibility on the pace of improved growth trends as management resizes the business to a healthy base. Stuart Weitzman is not yet a meaningful contributor to the group, at 5% of FY17 EBIT, but Boss says he expects to start to see EBIT margin expansion following a significant investment year in FY16.
08/15/18
ADAM
08/15/18
NO CHANGE
Target $63
ADAM
Buy
Tapestry price target raised to $63 from $55 at Canaccord
Canaccord analyst Camilo Lyon raised his price target on Tapestry to $63 from $55 following strong Q4 results. The analyst said the highlight of the quarter was Kate Spade as its revenues and margins exceeded expectations. also performing well was Coach which saw its comps outperform. Lyon reiterated his Buy rating on Tapestry shares.
08/15/18
GSCO
08/15/18
NO CHANGE
Target $61
GSCO
Tapestry price target raised to $61 from $54 at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis raised Tapestry's price target to $61 from $54 and increased estimates following the "solid" Q4 report. Walvis has increased confidence in the outlook for Tapestry's multi-brand operating model and is encouraged by Coach's gross margin expansion, an earlier than expected Kate Space revenue acceleration, and guidance that was better than expected. The analyst views risk/reward as favorable heading into FY19 and reiterates her Conviction Buy rating on shares.
08/15/18
RBCM
08/15/18
NO CHANGE
Target $58
RBCM
Outperform
Tapestry price target raised to $58 from $53 at RBC Capital
RBC Capital analyst Brian Tunick raised his price target on Tapestry to $58, saying its Q4 results followed a "choppier" Q3 and helped restore confidence in the company's status as a "house of brands". Tunick adds that Tapestry's FY19 guidance was better than anticipated, with longer-term algorithm for a double-digit earnings growth from multiple brand drivers remaining on track. The analyst kept his Outperform rating on Tapestry.
AMH American Homes 4 Rent
$21.54

-0.35 (-1.60%)

07/30/18
ZELM
07/30/18
DOWNGRADE
ZELM
Hold
American Homes 4 Rent downgraded to Hold from Buy at Zelman
06/25/18
BOFA
06/25/18
NO CHANGE
BOFA
American Homes 4 Rent added to US 1 List at BofA/Merrill
03/29/18
03/29/18
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. Boeing (BA), Allegheny Technologies (ATI), Textron (TXT), Spirit AeroSystems (SPR), Northrop Grumman (NOC), Bombardier (BDRBF), Huntington Ingalls (HII), L3 (LLL) and General Dynamics (GD) were initiated with an Overweight at Barclays, while Arconic (ARNC), Harris (HRS), Lockheed Martin (LMT), Triumph Group (TGI), Raytheon (RTN) and Hexcel (HXL) initiated with an Equal Weight and Esterline (ESL) and BWX Technologies (BWXT) were initiated wtih an Underweight. 2. Spotify (SPOT) initiated with an Outperform at RBC Capital. 3. International Paper (IP) initiated with a Buy at UBS. 4. American Homes 4 Rent (AMH) and Invitation Homes (INVH) initiated with an Outperform at Baird. 5. Pilgrim's Pride (PPC) initiated with a Buy at Mizuho. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/29/18
BARD
03/29/18
INITIATION
Target $23
BARD
Outperform
American Homes 4 Rent initiated with an Outperform at Baird
Baird analyst Drew Babin initiated American Homes 4 Rent with an Outperform and Fresh Pick designation. The analyst cited its current discounted valuation, which he said is not reflecting its significant leverage advantage and robust growth trajectory. Babin has a $23 price target on American Homes 4 Rent shares.

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