Breaking News Instant updates and real-time market news.

CAMP

CalAmp

$19.42

-0.02 (-0.10%)

, EB

Eventbrite

$27.95

-0.17 (-0.60%)

10:29
10/15/18
10/15
10:29
10/15/18
10:29

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. CalAmp (CAMP) initiated with a Hold at Jefferies. 2. Eventbrite (EB) initiated with an Outperform at RBC Capital, a Buy at Stifel, a Hold at SunTrust, as well as a Neutral at JPMorgan and Goldman Sachs. 3. X Financial (XYF) initiated with an Equal Weight at Morgan Stanley and a Hold at Deutsche Bank. 4. Bank7 (BSVN) initiated with an Outperform at Keefe Bruyette and an Overweight at Stephens. 5. Elanco (ELAN) initiated with an Outperform at Cowen, an Overweight at JPMorgan, an Equal Weight at Morgan Stanley, as well as a Neutral at Credit Suisse, BofA/Merrill, Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

CAMP

CalAmp

$19.42

-0.02 (-0.10%)

EB

Eventbrite

$27.95

-0.17 (-0.60%)

XYF

X Financial

$9.10

-0.45 (-4.71%)

BSVN

Bank7

$18.47

0.35 (1.93%)

ELAN

Elanco

$31.90

-0.76 (-2.33%)

  • 06

    Nov

CAMP CalAmp
$19.42

-0.02 (-0.10%)

09/28/18
RILY
09/28/18
NO CHANGE
Target $32
RILY
Buy
CalAmp price target raised to $32 from $28 at B. Riley FBR
B. Riley FBR analyst Josh Nichols raised his price target for CalAmp to $32 citing the company's better than expected Q2 results. The analyst keeps a Buy rating on the shares.
07/05/18
FANA
07/05/18
NO CHANGE
Target $29
FANA
Overweight
CalAmp executing well as a differentiated wireless IoT firm, says First Analysis
First Analysis analyst Howard Smith kept his Overweight rating and $29 price target on CalAmp, saying his recent meetings with its management reinforce his view that the company is "executing well as an increasingly differentiated wireless IoT partner to large enterprises". The analyst notes the management highlighted the continued potential for solution providers using their own hardware to outsource to CalAmp as well as its optimism around selling more value-added services to the current hardware customers, forecasting the company to achieve higher gross margins and possibly engage in M&A.
03/08/18
03/08/18
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. HubSpot (HUBS) downgraded to Neutral from Buy at UBS with analyst Jennifer Swanson Lowe citing valuation with the stock up 36% year-to-date. 2. CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill with analyst Steve Byrne saying he sees risk to nitrogen pricing in second half 2018 due to increasing Chinese production rates, ending seasonal demand in the northern hemisphere, a positive net export position in the U.S. in the summer-fill season, and lower international energy prices following seasonality. 3. Zagg (ZAGG) downgraded to Neutral from Buy at B. Riley FBR with analyst Jeff Van Sinderen citing the weaker than expected EBITDA in the fourth quarter and outlook for 2018 for the downgrade. 4. CalAmp (CAMP) downgraded to Hold from Buy at Craig-Hallum with analyst Anthony Stoss saying he believes shares are fully valued at these levels and that near- and long-term tax impacts, as well as increasing OpEx, limits upside in the near-term. 5. Veon (VEON) downgraded to Hold from Buy at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/15/18
JEFF
10/15/18
INITIATION
Target $22
JEFF
Hold
CalAmp initiated with a Hold at Jefferies
Jefferies analyst George Notter started CalAmp with a Hold rating and $22 price target. The analyst sees the stock's current risk/reward as balanced, saying he could become more constructive on further share price weakness or faster than expected growth in the core Telematics end-markets.
EB Eventbrite
$27.95

-0.17 (-0.60%)

10/15/18
JPMS
10/15/18
INITIATION
Target $31
JPMS
Neutral
Eventbrite initiated with a Neutral at JPMorgan
JPMorgan analyst Doug Anmuth started Eventbrite with a Neutral rating and $31 price target. The analyst expects the company's organic growth to "remain solid" at 20% but views the current valuation as fair.
10/15/18
STFL
10/15/18
INITIATION
Target $32
STFL
Buy
Eventbrite initiated with a Buy at Stifel
Stifel analyst Scott Devitt started Eventbrite with a Buy rating and $32 price target. The company can drive growth through category and country penetration, bolstering the platform ecosystem through partnerships, and developing revenue streams outside of ticketing, Devitt tells investors in a research note. He sees upside to current consensus estimates.
10/15/18
RHCO
10/15/18
INITIATION
Target $30
RHCO
Hold
Eventbrite initiated with a Hold at SunTrust
SunTrust analyst Youssef Squali initiated Eventbrite with a Hold rating and a price target of $30, saying the company stands to benefit from "growing preferences for live experiences among younger audiences, migration of event creation, ticket processing and promotion to online from offline". The analyst estimates the company's current "serviceable addressable market" at $3.4B and its total addressable market at about $14B, but also notes its valuation of 45.5-times enterprise value to expected FY19 EBITDA capturing its positive prospects.
10/15/18
RBCM
10/15/18
INITIATION
Target $37
RBCM
Outperform
Eventbrite initiated with an Outperform at RBC Capital
RBC Capital analyst Mark Mahaney initiated Eventbrite with an Outperform rating and a price target of $37. The analyst cites the company's position to address a "very large and fragmented total market opportunity with powerful secular tailwinds" and believes that it can leverage its efficient business model to drive margin expansion. Mahaney further notes that Eventbrite's enterprise value to expected FY20 sales multiple of about 5-times is "reasonably valued".
XYF X Financial
$9.10

-0.45 (-4.71%)

10/15/18
MSCO
10/15/18
INITIATION
Target $8.46
MSCO
Equal Weight
X Financial initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Richard Xu initiated X Financial with an Equal Weight rating and $8.46 price target, noting that its tech-enabled lending platform has a strong investor base and is profitable but he sees regulatory uncertainties remaining a key near- to medium-term overhang. He sees the stock's current, premium valuation as fair, Xu tells investors.
10/15/18
DBAB
10/15/18
INITIATION
Target $9
DBAB
Hold
X Financial initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Jacky Zuo started X Financial with a Hold rating and $9 price target.
BSVN Bank7
$18.47

0.35 (1.93%)

10/15/18
SPHN
10/15/18
INITIATION
Target $25
SPHN
Overweight
Bank7 initiated with an Overweight at Stephens
Stephens analyst Matt Olney initiated Bank7 with an Overweight rating and $25 price target, stating that he believes its peer-leading ROA is sustainable and that its premium valuation will support its M&A strategy focused on smaller banks.
10/15/18
KBWI
10/15/18
INITIATION
Target $24
KBWI
Outperform
Bank7 initiated with an Outperform at Keefe Bruyette
Keefe Bruyette analyst Brady Gailey started Bank7 with an Outperform rating and $24 price target. The analyst likes the company's "differentiated" business model, which focuses on higher-yielding commercial niche offerings, like energy, hospitality, construction and agriculture, as well as its "above-peer" profitability levels and high insider ownership. He views Bank7's current valuation as attractive.
ELAN Elanco
$31.90

-0.76 (-2.33%)

10/15/18
BOFA
10/15/18
INITIATION
Target $34
BOFA
Neutral
Elanco initiated with a Neutral at BofA/Merrill
BofA/Merrill initiated Elanco with a Neutral and 34 price target citing valuation.
10/15/18
FBCO
10/15/18
INITIATION
Target $36
FBCO
Neutral
Elanco initiated with a Neutral at Credit Suisse
Credit Suisse analyst Erin Wright started Elanco (ELAN) with a Neutral rating and $36 price target. As the fourth-largest animal health therapeutics company, Elanco is highly levered to robust industry fundamentals across livestock and companion animal markets, and earnings growth should accelerate on dedicated innovation efforts and dramatically improving cost structure as a more nimble unencumbered entity, unchained to Eli Lilly (LLY), its large pharmaceutical parent, she contends.
10/15/18
COWN
10/15/18
INITIATION
Target $38
COWN
Outperform
Elanco initiated with an Outperform at Cowen
Cowen analyst Steve Scala initiated Elanco with an Outperform rating based on its top-tier position in the animal health market, an improving product portfolio, and early stages of margin improvement driving leveraged earnings growth. Scala has a $38 price target on Elanco shares.
10/15/18
MSCO
10/15/18
INITIATION
Target $35
MSCO
Equal Weight
Elanco initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst David Risinger initiated Elanco with an Equal Weight rating and $35 price target, stating that he projects strong and durable growth and believes margins can expand "dramatically," but sees this as being balanced by the stock's high valuation. Risinger believes revenue growth could potentially be constrained over the next few years due to new competition to Elanco's portfolio of Trifexis, Credelio and Interceptor Plus, but if a competitive launch occurs later than assumed there may be upside to estimates.

TODAY'S FREE FLY STORIES

01:50
11/19/19
11/19
01:50
11/19/19
01:50
General news
Asian Market Update: »

Asian Market Update:…

EFC

Ellington Financial

$18.79

0.01 (0.05%)

20:29
11/18/19
11/18
20:29
11/18/19
20:29
Syndicate
Ellington Financial 4.2M share Spot Secondary priced at $18.20 »

The stock priced below…

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

See Street Research during your Free Trial

  • 19

    Nov

HD

Home Depot

$238.98

1.64 (0.69%)

, MDT

Medtronic

$111.25

-0.86 (-0.77%)

20:25
11/18/19
11/18
20:25
11/18/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

HD

Home Depot

$238.98

1.64 (0.69%)

MDT

Medtronic

$111.25

-0.86 (-0.77%)

TJX

TJX

$59.54

-0.25 (-0.42%)

TDG

TransDigm

$568.32

9.81 (1.76%)

ARMK

Aramark

$43.90

0.25 (0.57%)

KSS

Kohl's

$58.39

-0.71 (-1.20%)

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

See Street Research during your Free Trial

  • 19

    Nov

  • 19

    Nov

  • 19

    Nov

  • 19

    Nov

  • 19

    Nov

  • 19

    Nov

  • 05

    Dec

  • 11

    Dec

ACY

AeroCentury

$3.31

-0.66 (-16.62%)

20:01
11/18/19
11/18
20:01
11/18/19
20:01
Hot Stocks
AeroCentury sells one Bombardier CRJ900 to Aeronautical Support International »

AeroCentury announced…

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

See Street Research during your Free Trial

MYOV

Myovant Sciences

$6.02

-0.14 (-2.27%)

19:29
11/18/19
11/18
19:29
11/18/19
19:29
Hot Stocks
Myovant Sciences up over 11% after announcing Phase 3 Study conference call »

Shares of Myovant…

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

See Street Research during your Free Trial

INVH

Invitation Homes

$29.95

-0.04 (-0.13%)

18:47
11/18/19
11/18
18:47
11/18/19
18:47
Hot Stocks
Invitation Homes CEO sells 70K shares of common stock »

In a regulatory filing,…

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

See Street Research during your Free Trial

BA

Boeing

$369.50

-2.05 (-0.55%)

, LUV

Southwest

$57.77

-0.03 (-0.05%)

18:44
11/18/19
11/18
18:44
11/18/19
18:44
Periodicals
Boeing to provide Southwest board with 737 MAX update this week, Reuters says »

Boeing (BA) this week…

BA

Boeing

$369.50

-2.05 (-0.55%)

LUV

Southwest

$57.77

-0.03 (-0.05%)

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

See Street Research during your Free Trial

  • 12

    Dec

  • 23

    Jan

GBDC

Golub Capital

$17.79

0.045 (0.25%)

18:42
11/18/19
11/18
18:42
11/18/19
18:42
Upgrade
Golub Capital rating change at Keefe Bruyette »

Golub Capital upgraded to…

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

See Street Research during your Free Trial

  • 26

    Nov

GM

General Motors

$36.62

-0.25 (-0.68%)

, TM

Toyota

$143.53

-0.76 (-0.53%)

18:42
11/18/19
11/18
18:42
11/18/19
18:42
Periodicals
CA to halt purchase of GM, Toyota, Fiat Chrysler vehicles, Reuters reports »

The state of California…

GM

General Motors

$36.62

-0.25 (-0.68%)

TM

Toyota

$143.53

-0.76 (-0.53%)

FCAU

Fiat Chrysler

$15.63

-0.39 (-2.43%)

NSANY

Nissan

$0.00

(0.00%)

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

See Street Research during your Free Trial

  • 19

    Nov

CRMT

America's Car-Mart

$90.88

3.22 (3.67%)

, WUBA

58.com

$50.26

-1.35 (-2.62%)

18:38
11/18/19
11/18
18:38
11/18/19
18:38
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS:…

CRMT

America's Car-Mart

$90.88

3.22 (3.67%)

WUBA

58.com

$50.26

-1.35 (-2.62%)

BILI

Bilibili

$16.39

-0.32 (-1.92%)

SAEX

SAExploration

$1.51

-0.05 (-3.21%)

CLVS

Clovis

$7.05

0.68 (10.68%)

NOW

ServiceNow

$266.56

6.65 (2.56%)

OKTA

Okta

$121.21

3.76 (3.20%)

SPLK

Splunk

$122.64

3.49 (2.93%)

WWD

Woodward

$113.64

-1.15 (-1.00%)

KRNT

Kornit Digital

$33.07

-1.13 (-3.30%)

ASH

Ashland

$78.65

0.03 (0.04%)

VNET

21Vianet

$8.28

0.23 (2.86%)

DHT

DHT Holdings

$7.52

-0.2 (-2.59%)

KRTX

Karuna Therapeutics

$94.70

77.44 (448.67%)

EGHT

8x8, Inc.

$20.78

0.13 (0.63%)

I

Intelsat

$7.98

-5.42 (-40.45%)

PFGC

Performance Food Group

$46.09

-0.08 (-0.17%)

EFC

Ellington Financial

$18.79

0.01 (0.05%)

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

See Street Research during your Free Trial

  • 18

    Nov

  • 18

    Nov

  • 18

    Nov

  • 18

    Nov

  • 18

    Nov

  • 19

    Nov

  • 19

    Nov

  • 19

    Nov

  • 21

    Nov

  • 04

    Dec

  • 05

    Dec

  • 06

    Dec

  • 09

    Dec

  • 09

    Dec

  • 10

    Dec

  • 12

    Dec

  • 16

    Dec

  • 19

    Nov

  • 19

    Nov

  • 21

    Nov

  • 21

    Nov

LEVI

Levi Strauss

$17.06

-0.115 (-0.67%)

18:31
11/18/19
11/18
18:31
11/18/19
18:31
Hot Stocks
Levi Strauss CEO: I believe in the importance of innovation »

In an interview on…

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

See Street Research during your Free Trial

CSCO

Cisco

$45.17

0.07 (0.16%)

18:17
11/18/19
11/18
18:17
11/18/19
18:17
Periodicals
Cisco sues former employees over claims of trade secret theft, Bloomberg says »

Cisco is suing two…

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

See Street Research during your Free Trial

  • 09

    Dec

  • 10

    Dec

  • 12

    Feb

ABBV

AbbVie

$88.71

0.07 (0.08%)

18:09
11/18/19
11/18
18:09
11/18/19
18:09
Hot Stocks
AbbVie treatment of myelofibrosis granted FDA orphan status »

AbbVie's navitoclax…

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

See Street Research during your Free Trial

  • 07

    Dec

PRQR

ProQR Therapeutics

$6.27

-0.64 (-9.26%)

18:06
11/18/19
11/18
18:06
11/18/19
18:06
Hot Stocks
ProQR Therapeutics treatment of retinal dystrophy in P23H granted orphan status »

ProQR Therapeutics'…

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

See Street Research during your Free Trial

BILI

Bilibili

$16.39

-0.32 (-1.92%)

18:04
11/18/19
11/18
18:04
11/18/19
18:04
Earnings
Bilibili sees Q4 revenue RMB1.93B-RMB1.98B »

Q4 revenue consensus…

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

See Street Research during your Free Trial

  • 18

    Nov

WUBA

58.com

$50.26

-1.35 (-2.62%)

18:03
11/18/19
11/18
18:03
11/18/19
18:03
Earnings
58.com sees Q4 revenue up 12%-15% in RMB terms »

Based on the…

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

See Street Research during your Free Trial

  • 19

    Nov

BILI

Bilibili

$16.39

-0.32 (-1.92%)

18:03
11/18/19
11/18
18:03
11/18/19
18:03
Hot Stocks
Bilibili reports average MAUs reached 127.9M in Q3 »

Average monthly active…

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

See Street Research during your Free Trial

  • 18

    Nov

WUBA

58.com

$50.26

-1.35 (-2.62%)

18:03
11/18/19
11/18
18:03
11/18/19
18:03
Earnings
58.com reports Q3 adjusted EPS 96c, consensus 82c »

Reports Q3 revenue…

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

See Street Research during your Free Trial

  • 19

    Nov

BILI

Bilibili

$16.39

-0.32 (-1.92%)

18:01
11/18/19
11/18
18:01
11/18/19
18:01
Earnings
Bilibili reports Q3 adjusted EPS (15c), consensus (14c) »

Reports Q3 revenue…

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

See Street Research during your Free Trial

  • 18

    Nov

DDOG

Datadog

$40.36

-0.33 (-0.81%)

, AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

17:56
11/18/19
11/18
17:56
11/18/19
17:56
Hot Stocks
Datadog announces support for AWS CloudFormation Registry and CLI »

Datadog (DDOG) announced…

DDOG

Datadog

$40.36

-0.33 (-0.81%)

AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

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

See Street Research during your Free Trial

  • 19

    Nov

  • 19

    Nov

  • 20

    Nov

17:55
11/18/19
11/18
17:55
11/18/19
17:55
Conference/Events
Morgan Stanley analyst to hold an analyst/industry conference call »

Managing Director &…

GVA

Granite Construction

$26.50

-0.6 (-2.21%)

17:54
11/18/19
11/18
17:54
11/18/19
17:54
Hot Stocks
Granite Construction awarded $14M airfield improvement project in California »

Granite announced it was…

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

See Street Research during your Free Trial

ZS

Zscaler

$44.46

-1.37 (-2.99%)

, MSFT

Microsoft

$150.35

0.4 (0.27%)

17:51
11/18/19
11/18
17:51
11/18/19
17:51
Initiation
Zscaler, Microsoft initiated at DA Davidson »

Zscaler initiated with a…

ZS

Zscaler

$44.46

-1.37 (-2.99%)

MSFT

Microsoft

$150.35

0.4 (0.27%)

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

See Street Research during your Free Trial

  • 20

    Nov

  • 03

    Dec

  • 04

    Dec

  • 09

    Dec

  • 16

    Dec

OKTA

Okta

$121.21

3.76 (3.20%)

17:51
11/18/19
11/18
17:51
11/18/19
17:51
Upgrade
Okta rating change at DA Davidson »

Okta pullback represents…

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

See Street Research during your Free Trial

  • 05

    Dec

  • 16

    Dec

PANW

Palo Alto Networks

$248.50

1.465 (0.59%)

17:48
11/18/19
11/18
17:48
11/18/19
17:48
Initiation
Palo Alto Networks initiated at DA Davidson »

Palo Alto Networks…

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

See Street Research during your Free Trial

  • 25

    Nov

  • 09

    Dec

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.