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LOW

Lowe's

$114.04

-0.79 (-0.69%)

, HD

Home Depot

$207.93

0.74 (0.36%)

08:57
10/02/18
10/02
08:57
10/02/18
08:57

Lowe's added to the top investment ideas 'US1 List' at BofA/Merrill

BofA/Merrill analyst Elizabeth Suzuki kept her Buy rating and $132 price target on Lowe's (LOW) but added the stock to her top investment ideas "US1 List". The analyst believes that the opportunity to improve the company's comps and operating margins closer to those of top rival Home Depot (HD) has "just arrived" and that its earnings growth could double that of Home Depot as the new management works to improve sales productivity. Suzuki adds that expectations of a peak in existing home sales does not coincide with home improvement activity - rather the Private Fixed Residential Investment where home improvement is a key component peaks about 4 years later.

LOW

Lowe's

$114.04

-0.79 (-0.69%)

HD

Home Depot

$207.93

0.74 (0.36%)

  • 28

    Oct

LOW Lowe's
$114.04

-0.79 (-0.69%)

10/02/18
BOFA
10/02/18
NO CHANGE
BOFA
Lowe's, Tapestry added to US 1 List at BofA/Merrill
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
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.
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".
HD Home Depot
$207.93

0.74 (0.36%)

09/17/18
JEFF
09/17/18
NO CHANGE
JEFF
Buy
Hurricane checks positive for Home Depot, Lowe's, says Jefferies
Jefferies analyst Jonathan Matuszewskis says his channel checks indicate strong demand for hurricane preparedness products at both Home Depot (HD) and Lowe's (LOW). The analyst, who spent time speaking with sales associates at all the Home Depot and Lowe's locations within a 175-mile radius of Wilmington, North Carolina, continues to believe Lowe's will be the largest beneficiary given its exposure to Wilmington. The comp benefit this quarter could be upwards of 50 basis points with moderating tailwinds into Q4 of fiscal 2019 and Q1 of fiscal 2020 as repairs are made, Matuszewskis tells investors in a research note. He keeps Buy ratings on both Lowe's and Home Depot.
09/17/18
WEDB
09/17/18
NO CHANGE
Target $22
WEDB
Neutral
Lumber Liquidators may be biggest retail beneficiary of Florence, says Wedbush
Wedbush analyst Seth Basham told investors in a research note that Lumber Liquidators (LL) may be the largest potential beneficiary of Hurricane Florence of the five home improvement retailers he assessed, followed by Lowe's (LOW). Basham says he expects Home Depot (HD) and Lowe's could see a 30-70 basis point comp increase in Q3, but that Lumber Liquidators may see a 100+bps comp boost from the hurricane, but that the comp benefit may lag 1-2 quarters based on past precedent. Flooring retailers, including Lumber Liquidators and Floor & Decor (FND), may likely see short-term headwinds from store closures, but benefit thereafter should the hurricanes provide significant flooding as they did for Hurricane Harvey. The analyst expects Tractor Supply (TSCO) to see a "modest" benefit from hurricanes, and says he views Tractor Supply as the most "mis-priced" on hurricane impacts alone while the impact is mostly priced into the other stocks. Basham has an Outperform rating on Floor & Decor and rates Home Depot, Lowe's, Lumber Liquidators and Tractor Supply Neutral.
08/23/18
ARGS
08/23/18
NO CHANGE
Target $120
ARGS
Buy
Lowe's price target raised to $120 from $110 at Argus
Argus analyst Chris Graja raised his price target on Lowe's (LOW) to $120 and kept his Buy rating, citing the outlined strategy of the new CEO Marvin Ellison to improve business and close the profitability gap relative to Home Depot (HD). The analyst says that he is confident in the CEO's "ability and endurance" as he works toward simplifying the organization structure, improving inventory management, investing in high turnover product, and upgrading customer service, along with pursuing an "aggressive" reduction of costs.

TODAY'S FREE FLY STORIES

APY

Apergy

$33.20

-0.35 (-1.04%)

06:40
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LUV

Southwest

$50.97

0.425 (0.84%)

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TXT

Textron

$49.19

0.76 (1.57%)

06:38
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  • 24

    Jan

MKC

McCormick

$139.03

0.31 (0.22%)

06:37
01/24/19
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06:37
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Earnings
McCormick sees FY19 adj. EPS $5.17-$5.27, consensus $5.40 »

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  • 24

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    Feb

CVI

CVR Energy

$38.28

-0.47 (-1.21%)

06:37
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LUV

Southwest

$50.97

0.425 (0.84%)

06:36
01/24/19
01/24
06:36
01/24/19
06:36
Earnings
Southwest reports Q4 ex-items EPS $1.17, consensus $1.07 »

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  • 24

    Jan

TXT

Textron

$49.19

0.76 (1.57%)

06:36
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01/24
06:36
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06:36
Hot Stocks
Breaking Hot Stocks news story on Textron »

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  • 24

    Jan

MKC

McCormick

$139.03

0.31 (0.22%)

06:35
01/24/19
01/24
06:35
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06:35
Earnings
McCormick reports Q4 adj. EPS $1.67, consensus $1.70 »

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  • 24

    Jan

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    Feb

AIT

Applied Industrial Technologies

$60.36

-1.34 (-2.17%)

06:35
01/24/19
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06:35
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06:35
Hot Stocks
Applied Industrial Technologies raises dividend to 31c per share »

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  • 24

    Jan

MSFT

Microsoft

$106.77

0.91 (0.86%)

06:35
01/24/19
01/24
06:35
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06:35
Periodicals
Microsoft president calls U.S. federal privacy laws 'inevitable', BI reports »

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  • 28

    Jan

  • 30

    Jan

  • 25

    Feb

  • 03

    Mar

  • 04

    Mar

  • 06

    Mar

  • 07

    Mar

COUP

Coupa Software

$75.43

-0.34 (-0.45%)

06:34
01/24/19
01/24
06:34
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06:34
Recommendations
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AIT

Applied Industrial Technologies

$60.36

-1.34 (-2.17%)

06:34
01/24/19
01/24
06:34
01/24/19
06:34
Earnings
Applied Industrial Technologies lowers FY19 EPS view to $4.45-$4.65 »

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03/08/13
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  • 24

    Jan

TXT

Textron

$49.19

0.76 (1.57%)

06:33
01/24/19
01/24
06:33
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06:33
Hot Stocks
Textron CEO says 'strong execution in both the quarter and full year' »

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  • 24

    Jan

TXT

Textron

$49.19

0.76 (1.57%)

06:32
01/24/19
01/24
06:32
01/24/19
06:32
Earnings
Textron sees FY19 cont ops EPS $3.55-$3.75, consensus $3.49 »

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  • 24

    Jan

AIT

Applied Industrial Technologies

$60.36

-1.34 (-2.17%)

06:31
01/24/19
01/24
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Earnings
Applied Industrial Technologies reports Q2 EPS 99c, consensus $1.06 »

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  • 24

    Jan

TXT

Textron

$49.19

0.76 (1.57%)

06:30
01/24/19
01/24
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Earnings
Textron reports Q4 cont ops EPS $1.15, consensus 98c »

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  • 24

    Jan

TCEHY

Tencent

$0.00

(0.00%)

, KKR

KKR

$22.28

0.12 (0.54%)

06:29
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Periodicals
Tencent, buyout firms mull offers for Nexon stake, Bloomberg reports »

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TCEHY

Tencent

$0.00

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KKR

KKR

$22.28

0.12 (0.54%)

NEXOF

Nexon

$0.00

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BX

Blackstone

$32.36

-0.24 (-0.74%)

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  • 31

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KRA

Kraton

$25.50

-0.77 (-2.93%)

06:26
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HCMLY

LafargeHolcim

$0.00

(0.00%)

06:25
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06:25
Downgrade
LafargeHolcim rating change  »

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ESSYY

Essity

$0.00

(0.00%)

06:23
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PCG

PG&E

$8.03

0.3 (3.88%)

06:23
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ONXXF

Ontex Group

$0.00

(0.00%)

06:21
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01/24
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06:21
Initiation
Ontex Group initiated  »

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GOOG

Alphabet

$1,076.04

5.32 (0.50%)

, GOOGL

Alphabet Class A

$1,085.27

6.59 (0.61%)

06:20
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$1,076.04

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Alphabet Class A

$1,085.27

6.59 (0.61%)

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  • 24

    Jan

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    Mar

AAPL

Apple

$153.91

0.61 (0.40%)

, SSNLF

Samsung

$0.00

(0.00%)

06:18
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01/24
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06:18
Periodicals
Samsung exec poached by Apple to lead battery development, Bloomberg reports »

Apple (AAPL) has poached…

AAPL

Apple

$153.91

0.61 (0.40%)

SSNLF

Samsung

$0.00

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  • 29

    Jan

EADSY

Airbus

$0.00

(0.00%)

06:14
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01/24
06:14
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06:14
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