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FLR

Fluor

$46.61

-9.61 (-17.09%)

07:30
10/12/18
10/12
07:30
10/12/18
07:30

Fluor to be in 'penalty box' in near-term, buy weakness, says Credit Suisse

Credit Suisse analyst Jamie Cook reiterated an Outperform rating and $74 price target on Fluor following the company's negative earnings pre-announcement call. Cook tells investors in a research note that while disappointing, the 17% selloff was less about the legacy problem projects in power and downstream, and the call left investors with more questions. Cook says the stock is likely to be in the "penalty box" in the short-term, but recommends buying the weakness.

  • 01

    Nov

FLR Fluor
$46.61

-9.61 (-17.09%)

08/17/18
ADAM
08/17/18
UPGRADE
ADAM
Buy
Fluor upgraded to Buy from Hold at Canaccord
08/17/18
08/17/18
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. Nvidia (NVDA) upgraded to Outperform from Perform at Oppenheimer with analyst Rick Schafer noting that all its segments grew year-over-year, led by core Gaming and Data Center. 2. Esperion (ESPR) upgraded to Buy from Neutral at Citi with analyst Joel Beatty saying he believes bempedoic acid for LDL-lowering is likely to be approved. 3. Viper Energy (VNOM) upgraded to Buy from Hold at Stifel with analyst Timothy Howard saying he believes the MLP will be a significant beneficiary of parent Diamondback Energy's (FANG) acquisition of Energen (EGN). 4. First Data (FDC) upgraded to Overweight from Neutral at Atlantic Equities with analyst Kunaal Malde saying its prior acquisitions of CardConnect and BluePay have given it a foothold in higher growth segments and the company is now "on a clear path to deleveraging." 5. Fluor (FLR) upgraded to Buy from Hold at Canaccord. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/18
UBSW
10/11/18
NO CHANGE
Target $69
UBSW
Buy
UBS confidence in Fluor earnings potential remains
UBS analyst Steven Fisher noted when he upgraded Fluor in August he had a three-pronged thesis, which included cleaner quarters. He admitted he may have been early, as evidenced by the company's pre-announcement, but he said he still feels confident in the company's earnings potential for 2020. Fisher reiterated his Buy rating and $69 price target on Fluor shares.
10/11/18
MKMP
10/11/18
NO CHANGE
Target $56
MKMP
Neutral
Fluor 'execution remains a concern', says MKM Partners
MKM Partners analyst Daniel Scott kept his Neutral rating and $56 price target on Fluor after its negative Q3 pre-announcement yesterday, saying the company has been hampered by lingering charges - particularly on gas-fired power plants - that have been "pestering results for several quarters". Scott further states that Fluor's execution "remains a concern", as the company's Q3 should mark the 8th miss out of the last 9 quarters in spite of the strong new awards.

TODAY'S FREE FLY STORIES

WASH

Washington Trust

$52.03

-1.25 (-2.35%)

16:36
10/22/18
10/22
16:36
10/22/18
16:36
Earnings
Washington Trust reports Q3 EPS $1.01, consensus 98c »

"Washington…

03/08/13
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03/06/13
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03/06/13
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  • 23

    Oct

FNSR

Finisar

$17.61

-0.19 (-1.07%)

16:34
10/22/18
10/22
16:34
10/22/18
16:34
Initiation
Finisar initiated  »

Finisar resumed with a…

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EFSC

Enterprise Financial

$45.76

-1.44 (-3.05%)

16:33
10/22/18
10/22
16:33
10/22/18
16:33
Earnings
Enterprise Financial reports Q3 core EPS 86c, consensus 89c »

Reports Q3 core revenue…

03/08/13
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HXL

Hexcel

$62.38

-0.7 (-1.11%)

16:33
10/22/18
10/22
16:33
10/22/18
16:33
Hot Stocks
Hexcel backs FY18 free cash flow greater than $230M »

Backs FY18 accrual basis…

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  • 23

    Oct

HXL

Hexcel

$62.38

-0.7 (-1.11%)

16:32
10/22/18
10/22
16:32
10/22/18
16:32
Earnings
Hexcel narrows FY18 adjusted EPS view to $2.99-$3.07 from 2.96-$3.10 »

FY18 consensus $3.03.…

03/08/13
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03/06/13
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03/06/13
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  • 23

    Oct

KEYS

Keysight Technologies

$61.96

0.21 (0.34%)

16:32
10/22/18
10/22
16:32
10/22/18
16:32
Initiation
Keysight Technologies initiated  »

Keysight Technologies…

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BIOS

BioScrip

$2.93

(0.00%)

16:31
10/22/18
10/22
16:31
10/22/18
16:31
Hot Stocks
BioScrip names John McMahon CAO »

BioScrip announced the…

03/08/13
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03/08/13
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03/06/13
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  • 06

    Nov

LITE

Lumentum

16:31
10/22/18
10/22
16:31
10/22/18
16:31
Initiation
Lumentum initiated  »

Lumentum resumed with a…

03/08/13
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03/06/13
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03/06/13
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  • 01

    Nov

INFN

Infinera

$6.06

-0.105 (-1.70%)

16:31
10/22/18
10/22
16:31
10/22/18
16:31
Initiation
Infinera initiated  »

Infinera resumed with a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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HSC

Harsco

$24.62

-0.14 (-0.57%)

16:31
10/22/18
10/22
16:31
10/22/18
16:31
Hot Stocks
Harsco names CEO Grasberger III as chairman of the board »

Harsco Corp. announced…

03/08/13
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03/06/13
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03/06/13
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  • 31

    Oct

HXL

Hexcel

$62.38

-0.7 (-1.11%)

16:30
10/22/18
10/22
16:30
10/22/18
16:30
Earnings
Hexcel reports Q3 adjusted EPS 80c, consensus 78c »

Reports Q3 revenue $540M,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

    Oct

16:30
10/22/18
10/22
16:30
10/22/18
16:30
Options
Preliminary option volume of 17.4M today »

Preliminary option volume…

ANGI

Angi Homeservices

$19.24

-0.1 (-0.52%)

16:29
10/22/18
10/22
16:29
10/22/18
16:29
Syndicate
Breaking Syndicate news story on Angi Homeservices »

Angi Homeservices files…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 08

    Nov

VIAV

Viavi

$11.93

-0.11 (-0.91%)

16:29
10/22/18
10/22
16:29
10/22/18
16:29
Initiation
Viavi initiated  »

Viavi resumed with a Buy…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 01

    Nov

ANET

Arista Networks

$232.10

2.31 (1.01%)

16:28
10/22/18
10/22
16:28
10/22/18
16:28
Initiation
Arista Networks initiated  »

Arista Networks resumed…

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  • 24

    Oct

  • 25

    Oct

  • 01

    Nov

  • 13

    Nov

OLP

One Liberty Properties

$24.92

-0.61 (-2.39%)

16:28
10/22/18
10/22
16:28
10/22/18
16:28
Hot Stocks
One Liberty Properties acquires industrial property in Colorado for $12.8M »

One Liberty Properties…

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CASA

Casa Systems

$14.20

0.185 (1.32%)

16:28
10/22/18
10/22
16:28
10/22/18
16:28
Initiation
Casa Systems initiated  »

Casa Systems resumed with…

03/08/13
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03/08/13
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  • 24

    Oct

  • 25

    Oct

NATI

National Instruments

$43.49

-0.12 (-0.28%)

16:27
10/22/18
10/22
16:27
10/22/18
16:27
Initiation
National Instruments initiated  »

National Instruments…

03/08/13
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ASR

Asur

$183.78

-4.24 (-2.26%)

16:27
10/22/18
10/22
16:27
10/22/18
16:27
Hot Stocks
Asur reports total Q3 Passenger Traffic up 6.3% »

ASUR's total…

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COLM

Columbia Sportswear

$87.25

1.44 (1.68%)

, GPS

Gap

$26.16

0.88 (3.48%)

16:27
10/22/18
10/22
16:27
10/22/18
16:27
Hot Stocks
Columbia Sportswear's board elects former CFO of Gap to serve as director »

Columbia Sportswear…

COLM

Columbia Sportswear

$87.25

1.44 (1.68%)

GPS

Gap

$26.16

0.88 (3.48%)

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  • 25

    Oct

  • 03

    Mar

HXL

Hexcel

$62.38

-0.7 (-1.11%)

16:25
10/22/18
10/22
16:25
10/22/18
16:25
Earnings
Breaking Earnings news story on Hexcel »

Hexcel reiterates FY18…

03/08/13
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  • 23

    Oct

HXL

Hexcel

$62.38

-0.7 (-1.11%)

16:24
10/22/18
10/22
16:24
10/22/18
16:24
Earnings
Hexcel raises FY18 revenue guidance to $2.14B-$2.2B from $2.1B-$2.2B 

FY18 consensus is $2.19B.…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Oct

UBER

Uber

$0.00

(0.00%)

, SFTBY

SoftBank; also use SFTBF

$0.00

(0.00%)

16:23
10/22/18
10/22
16:23
10/22/18
16:23
Periodicals
Uber's head of corporate development resigns, WSJ reports »

The head of Uber…

UBER

Uber

$0.00

(0.00%)

SFTBY

SoftBank; also use SFTBF

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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HXL

Hexcel

$62.38

-0.7 (-1.11%)

16:23
10/22/18
10/22
16:23
10/22/18
16:23
Earnings
Hexcel narrows FY18 adjusted EPS view to $2.99-$3.07 from $2.96-$3.10 

FY18 consensus is $3.03.

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 23

    Oct

HNI

HNI Corporation

$38.77

0.13 (0.34%)

16:23
10/22/18
10/22
16:23
10/22/18
16:23
Earnings
HNI Corporation narrows FY18 adj. EPS view to $2.35-$2.45 from $2.35-$2.55 »

Consensus $2.45. The…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

    Oct

  • 27

    Nov

  • 28

    Nov

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