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VNE

Veoneer

$55.53

0.5 (0.91%)

07:39
10/02/18
10/02
07:39
10/02/18
07:39

Veoneer downgraded to Sell at UBS on valuation, risk-reward

UBS analyst David Lesne downgraded Veoneer to Sell from Neutral with a $44 price target, citing high valuation and "unattractive" risk-reward. In a research note to investors, Lesne says with shares up since the spinoff, he believes it is already pricing in a potential raise of the 2020 targets and "overly optimistic" sales and profitability outlooks in the long run. He thinks this is "unjustified" due to lack of evidence that organic sales growth is at a turning point in the near-term, adding that Veoneer is "unlikely" to become a leader in Autonomous Vehicles given competition from tech players and risk of OEM software insourcing and hardware commoditization. In the medium-term, Lesne does not see higher sales translating into improved profitability.

  • 29

    Oct

VNE Veoneer
$55.53

0.5 (0.91%)

09/19/18
BUCK
09/19/18
INITIATION
Target $48
BUCK
Neutral
Veoneer initiated with a Neutral at Buckingham
Buckingham analyst Glenn Chin initiated Veoneer with a Neutral and $48 price target saying shares are fairly valued.
09/19/18
09/19/18
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. Aerpio Pharmaceuticals (ARPO) initiated with a Buy at Guggenheim. 2. Vocera (VCRA) initiated with a Buy at Jefferies. 3. Veoneer (VNE) initiated with a Neutral at Buckingham. 4. Virtu Financial (VIRT) initiated with a Neutral at Compass Point. 5. Internap (INAP) initiated with a Buy at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/27/18
RBCM
09/27/18
NO CHANGE
Target $50
RBCM
Sector Perform
Veoneer price target raised to $50 from $42 at RBC Capital
RBC Capital analyst Joseph Spak raised his price target on Veoneer to $50 after meeting with its Investor Relations VP Ray Pekar. The analyst says the discussion indicated that investors are looking beyond the near-term industry headwinds, such as softer China demand and lower passenger car production in North America, that would likely impact the second half of the year. Instead, Spak contends that the investment story on Veoneer is more about "order growth and future revenue acceleration" beyond 2020. The analyst keeps his Sector Perform rating on Veoneer, forecasting its 2017-2025 annualized sales growth around 12%, even though he sees the acceleration as "back-end weighted" based on the current progression of its active safety product portfolio.
10/02/18
UBSW
10/02/18
DOWNGRADE
UBSW
Sell
Veoneer downgraded to Sell from Neutral at UBS

TODAY'S FREE FLY STORIES

HNI

HNI Corporation

$38.77

0.13 (0.34%)

16:22
10/22/18
10/22
16:22
10/22/18
16:22
Earnings
HNI Corporation sees Q4 adjusted EPS 91c-$1.01, consensus $1.04 »

Sees Q4 organic sales up…

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

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    Oct

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    Nov

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    Nov

HXL

Hexcel

$62.38

-0.7 (-1.11%)

16:21
10/22/18
10/22
16:21
10/22/18
16:21
Earnings
Hexcel reports Q3 EPS 80c, consensus 78c »

Reports Q3 revenue…

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

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  • 23

    Oct

HNI

HNI Corporation

$38.77

0.13 (0.34%)

16:21
10/22/18
10/22
16:21
10/22/18
16:21
Earnings
HNI Corporation reports Q3 adjusted EPS 90c, consensus 86c »

Reports Q3 revenue…

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

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  • 23

    Oct

  • 27

    Nov

  • 28

    Nov

ORCL

Oracle

$47.93

0.34 (0.71%)

16:20
10/22/18
10/22
16:20
10/22/18
16:20
Initiation
Oracle initiated  »

Oracle initiated with a…

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

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  • 22

    Oct

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    Oct

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    Oct

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    Oct

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    Oct

  • 14

    Nov

RHT

Red Hat

16:20
10/22/18
10/22
16:20
10/22/18
16:20
Initiation
Red Hat initiated  »

Red Hat initiated with a…

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

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  • 24

    Oct

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    Oct

  • 30

    Oct

  • 13

    Nov

NOW

ServiceNow

$178.79

1.765 (1.00%)

16:20
10/22/18
10/22
16:20
10/22/18
16:20
Initiation
ServiceNow initiated  »

ServiceNow initiated with…

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

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  • 24

    Oct

  • 06

    Nov

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
10/22/18
10/22
16:20
10/22/18
16:20
Options
Closing CBOE SPX and VIX Index summary for October 22nd »

The CBOE Volatility Index…

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

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SPN

Superior Energy

$8.70

-0.36 (-3.97%)

16:19
10/22/18
10/22
16:19
10/22/18
16:19
Earnings
Superior Energy reports Q3 EPS (14c), consensus (12c) »

Reports Q3 revenue…

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

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  • 23

    Oct

PVTL

Pivotal Software

$18.75

0.59 (3.25%)

16:19
10/22/18
10/22
16:19
10/22/18
16:19
Initiation
Pivotal Software initiated  »

Pivotal Software…

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

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EQ

Equillium

$14.33

0.33 (2.36%)

16:19
10/22/18
10/22
16:19
10/22/18
16:19
Hot Stocks
Breaking Hot Stocks news story on Equillium »

Partner Fund Management…

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

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SYKE

Sykes Enterprises

$30.67

0.63 (2.10%)

16:19
10/22/18
10/22
16:19
10/22/18
16:19
Hot Stocks
Sykes Enterprises to acquire Symphony Ventures Limited for $69M »

Sykes Enterprises…

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

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  • 06

    Nov

ACC

American Campus

$39.66

-0.63 (-1.56%)

16:18
10/22/18
10/22
16:18
10/22/18
16:18
Earnings
American Campus narrows FY18 FFO view to $2.42-$2.45 from $2.40-$2.46 

consensus $2.32

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

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  • 23

    Oct

  • 07

    Nov

MC

Moelis

$50.66

-0.21 (-0.41%)

16:18
10/22/18
10/22
16:18
10/22/18
16:18
Earnings
Moelis reports Q3 adjusted EPS 62c, consensus 63c »

Reports Q3 revenue…

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

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  • 22

    Oct

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    Oct

RH

RH

$109.10

-13.485 (-11.00%)

16:17
10/22/18
10/22
16:17
10/22/18
16:17
Initiation
RH initiated  »

RH initiated with an…

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

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TEAM

Atlassian

$72.62

2.44 (3.48%)

16:17
10/22/18
10/22
16:17
10/22/18
16:17
Initiation
Atlassian initiated  »

Atlassian initiated with…

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

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ACC

American Campus

$39.66

-0.63 (-1.56%)

16:17
10/22/18
10/22
16:17
10/22/18
16:17
Earnings
American Campus reports Q3 FFO 44c, consensus 43c »

Reports Q3 revenue…

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

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  • 23

    Oct

  • 07

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
10/22/18
10/22
16:17
10/22/18
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was above average…

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

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FRBA

First Bank

$12.42

0.015 (0.12%)

16:16
10/22/18
10/22
16:16
10/22/18
16:16
Earnings
First Bank reports Q3 EPS 28c, consensus 25c »

Reports Q3 revenue…

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

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  • 23

    Oct

COLM

Columbia Sportswear

$87.25

1.44 (1.68%)

, WSM

Williams-Sonoma

$58.49

-0.36 (-0.61%)

16:16
10/22/18
10/22
16:16
10/22/18
16:16
Hot Stocks
Columbia Sportswear names former Gap CFO Simmons to board »

Columbia Sportswear…

COLM

Columbia Sportswear

$87.25

1.44 (1.68%)

WSM

Williams-Sonoma

$58.49

-0.36 (-0.61%)

ELF

e.l.f. Beauty

$10.88

0.48 (4.62%)

GPS

Gap

$26.16

0.88 (3.48%)

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

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  • 25

    Oct

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    Oct

  • 05

    Nov

  • 03

    Mar

$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
10/22/18
10/22
16:16
10/22/18
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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

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IT

Gartner

$147.94

1.71 (1.17%)

16:16
10/22/18
10/22
16:16
10/22/18
16:16
Initiation
Gartner initiated  »

Gartner initiated with a…

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

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  • 01

    Nov

  • 07

    Nov

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    Nov

SRCL

Stericycle

$52.13

-0.89 (-1.68%)

16:15
10/22/18
10/22
16:15
10/22/18
16:15
Initiation
Stericycle initiated  »

Stericycle initiated with…

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

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HAS

Hasbro

$95.01

-3.11 (-3.17%)

, HAL

Halliburton

$36.36

-1.18 (-3.14%)

16:15
10/22/18
10/22
16:15
10/22/18
16:15
General news
Fly Intel: Wall Street's top stories for Monday »

Stocks opened in positive…

HAS

Hasbro

$95.01

-3.11 (-3.17%)

HAL

Halliburton

$36.36

-1.18 (-3.14%)

FCAU

Fiat Chrysler

$16.08

0.565 (3.64%)

KKR

KKR

$23.90

-0.32 (-1.32%)

JEC

Jacobs Engineering

$77.20

4.87 (6.73%)

WFC

Wells Fargo

$51.64

-1.235 (-2.34%)

ARII

American Railcar

$70.02

23.74 (51.30%)

CLGN

CollPlant

$6.10

0.7 (12.96%)

UTHR

United Therapeutics

$122.36

-0.69 (-0.56%)

ADRO

Aduro Biotech

$4.44

-1.82 (-29.07%)

MRK

Merck

$72.56

0.22 (0.30%)

AVEO

Aveo Pharmaceuticals

$2.14

-0.36 (-14.40%)

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

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  • 22

    Oct

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  • 15

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  • 16

    Feb

  • 12

    Apr

  • 13

    Jul

  • 12

    Oct

PRK

Park National

$94.18

-1.23 (-1.29%)

16:13
10/22/18
10/22
16:13
10/22/18
16:13
Earnings
Park National reports Q3 EPS $1.56, consensus $1.70 »

Reports Q3 tangible book…

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

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BFST

Business First Bancshares

$25.22

(0.00%)

16:13
10/22/18
10/22
16:13
10/22/18
16:13
Earnings
Business First Bancshares reports Q3 core EPS 37c, consensus 37c »

Reports Q3 a provision…

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

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