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WAB

Wabtec

$97.03

1.63 (1.71%)

18:38
10/15/18
10/15
18:38
10/15/18
18:38

Wabtec upgraded to Gradually Accumulate from Hold at Wellington Shields

  • 06

    Nov

  • 14

    Nov

WAB Wabtec
$97.03

1.63 (1.71%)

10/05/18
WOLF
10/05/18
DOWNGRADE
WOLF
Peer Perform
Wabtec downgraded to Peer Perform from Outperform at Wolfe Research
09/14/18
09/14/18
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. WELLS SAYS 'MAY BE AS GOOD AS IT GETS' FOR COSTCO: Wells Fargo analyst Edward Kelly downgraded Costco Wholesale to Market Perform from Outperform with an unchanged price target of $235. While Costco remains one of the highest quality companies within consumer and its near-term results should be positive, "this may be as good as it gets," Kelly told investors. He believes the stock's 50% rally over the past year "has left it priced for perfection" and that Costco's comps "seem destined to slow in 2019" as it laps tough comparisons. JPMORGAN ADVISE CAUTION ON GE: A read of the proxies for the General Electric (GE) and Wabtec (WAB) transportation deal suggests "caution is warranted" in taking the forecasts "to the bank," JPMorgan analyst Stephen Tusa wrote in a research note. The situation "looks eerily similar" to GE's Baker Hughes (BHGE) deal, where management went from pitching $8B in future EBITDA several years forward to "slowly pulling annual guidance once public," with a consensus that is now at $5B, Tusa said. He believes that as each of GE's Industrial businesses get broken out clearly with "clean GAAP" transparency, the less impressive the financials look. Tusa keeps an Underweight rating on General Electric shares. CORNING UPGRADED ON OPTICAL DEMAND STRENGTH: Citi analyst Asiya Merchant upgraded Corning (GLW) to Buy from Neutral with a $40 price target, telling investors that the shares are "poised to continue to grind higher" in the next 12-18 months. The analyst expects Corning's earnings and margins growth will be driving by optical demand strength and better display pricing. JPMORGAN CUTS VALVOLINE TO UNDERWEIGHT ON NEW AMAZON COMPETITION: JPMorgan analyst Jeffrey Zekauskas downgraded Valvoline (VVV) to Underweight from Neutral and lowered his price target for the shares to $20 from $22. Industry trade publication National Oil and Lube New is reporting that Amazon (AMZN) has launched its first private label motor oil called AmazonBasics Full Synthetic Motor Oil, Zekauskas noted. While too early to gauge the effects of the Amazon entry on the Valvoline brand, the new competition from Amazon will likely reduce Valvoline's trading multiple "because the lubricant industry structure is probably weaker for its entry," Zekauskas contends. NVIDIA TARGET HIKED TO $350: Needham analyst Rajvindra Gill raised his price target on Nvidia to $350 from $325 after his investor meeting with its Data Center GM and Director of IR, saying the discussions about the company's AI/ML dominance reminded him of "Wintel" platform during the PC computing era. The analyst believes that Nvidia is "uniquely positioned" to capitalize on the next wave of computing, taking a larger inference market share with its new TensorRT Hyperscaler Platform.
09/14/18
JPMS
09/14/18
NO CHANGE
JPMS
Underweight
JPMorgan's Tusa advises caution after reading GE, Wabtec deal proxies
A read of the General Electric (GE), Wabtec (WAB) transportation deal proxies suggests "caution is warranted" in taking the forecasts "to the bank," JPMorgan analyst Stephen Tusa tells investors in a research note. The situation "looks eerily similar" to GE's Baker Hughes (BHGE) deal, where management went from pitching $8B in future EBITDA several years forward to "slowly pulling annual guidance once public," with a consensus that is now at $5B, Tusa writes. For good measure, the analyst calls that deal's lowered guidance "still a stretch." He believes that as each of GE's Industrial businesses get broken out clearly with "clean GAAP" transparency, the less impressive the financials look. Tusa keeps an Underweight rating on General Electric.
08/17/18
08/17/18
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. Dean Foods (DF) downgraded to Underweight from Neutral at JPMorgan with analyst Ken Goldman citing a "number of concerns," including a possible miss for Q3, higher raw milk costs, demand erosion for fluid milk, the risk of further customer attrition, and valuation. 2. Wabtec (WAB) downgraded to Sector Weight from Overweight at KeyBanc with analyst Steve Barger saying he thinks risk/reward has become more balanced in the context of macro and forecasting risk, GE Transport (GE) integration risk and forward valuation. 3. Yum China (YUMC) downgraded to Perform from Outperform at Oppenheimer with analyst Brian Bittner saying needed improving same-store sales could take several quarters as KFC headwinds do not appear transitory. 4. DSW (DSW) downgraded to Negative ahead of expected guidance cut at Susquehanna with analyst Sam Poser saying he expects margins to be challenged due to increased variable costs and gross margin pressure related to the new loyalty program. 5. Sun Communities (SUI) downgraded to In Line from Outperform at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

WMT

Walmart

$98.28

(0.00%)

, KR

Kroger

$24.19

-0.16 (-0.66%)

15:08
03/25/19
03/25
15:08
03/25/19
15:08
Conference/Events
UBS retail analyst to hold an analyst/industry conference call »

Retail Analyst Lasser…

WMT

Walmart

$98.28

(0.00%)

KR

Kroger

$24.19

-0.16 (-0.66%)

COST

Costco

$236.70

-0.74 (-0.31%)

TGT

Target

$78.42

0.12 (0.15%)

SFM

Sprouts Farmers Market

$22.62

0.02 (0.09%)

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    May

BA

Boeing

$367.17

5.02 (1.39%)

15:06
03/25/19
03/25
15:06
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15:06
Periodicals
Breaking Periodicals news story on Boeing »

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  • 28

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HEXO

HEXO Corp

$6.25

-0.12 (-1.88%)

15:05
03/25/19
03/25
15:05
03/25/19
15:05
Options
Hexo Corp call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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  • 08

    Apr

  • 09

    Apr

15:02
03/25/19
03/25
15:02
03/25/19
15:02
Conference/Events
UBS retail analyst to hold an analyst/industry conference call »

Retail Analyst Lasser,…

14:59
03/25/19
03/25
14:59
03/25/19
14:59
Hot Stocks
Breaking Hot Stocks news story  »

Federal Life Group Inc…

OESX

Orion Energy

$0.91

0.017 (1.90%)

14:52
03/25/19
03/25
14:52
03/25/19
14:52
Hot Stocks
Orion CEO sees 'great possibilities' of migrating customers to LED »

In an exclusive interview…

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  • 28

    Mar

KMX

CarMax

$61.69

0.73 (1.20%)

14:50
03/25/19
03/25
14:50
03/25/19
14:50
Options
Carmax option volume is 3X daily average and puts lead calls 5:1 »

Carmax option volume is…

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  • 29

    Mar

  • 25

    Jun

RHT

Red Hat

$181.72

0.09 (0.05%)

14:49
03/25/19
03/25
14:49
03/25/19
14:49
Options
Red Hat options imply 2.8% move in share price post-earnings, below median historical move »

Pre-earnings options…

03/08/13
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ANGI

Angi Homeservices

$16.01

-0.52 (-3.15%)

14:45
03/25/19
03/25
14:45
03/25/19
14:45
Conference/Events
Angi Homeservices management to meet with Wedbush »

Meeting to be held in…

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  • 25

    Mar

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    Mar

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    Mar

AAPL

Apple

$187.70

-3.41 (-1.78%)

14:43
03/25/19
03/25
14:43
03/25/19
14:43
Hot Stocks
Apple announces Apple TV+ service with exclusive original content »

Apple announced original…

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  • 25

    Mar

  • 03

    Jun

PCG

PG&E

$18.25

-0.9 (-4.70%)

14:40
03/25/19
03/25
14:40
03/25/19
14:40
Options
Big option prints in PG&E as shares drop 5.1% »

Big option prints in…

03/08/13
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AAPL

Apple

$187.55

-3.56 (-1.86%)

14:38
03/25/19
03/25
14:38
03/25/19
14:38
Hot Stocks
Breaking Hot Stocks news story on Apple »

Apple TV+ pricing details…

03/08/13
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  • 25

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  • 03

    Jun

AAPL

Apple

$187.33

-3.78 (-1.98%)

14:38
03/25/19
03/25
14:38
03/25/19
14:38
Hot Stocks
Breaking Hot Stocks news story on Apple »

Apple says TV+ will…

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  • 25

    Mar

  • 03

    Jun

TIER

Tier REIT

$27.18

1.67 (6.55%)

, CUZ

Cousins Properties

$9.26

-0.62 (-6.28%)

14:33
03/25/19
03/25
14:33
03/25/19
14:33
Downgrade
Tier REIT, Cousins Properties rating change at JMP Securities »

Tier REIT downgraded to…

TIER

Tier REIT

$27.18

1.67 (6.55%)

CUZ

Cousins Properties

$9.26

-0.62 (-6.28%)

03/08/13
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  • 25

    Mar

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  • 23

    Apr

UUUU

Energy Fuels

$3.19

0.04 (1.27%)

14:30
03/25/19
03/25
14:30
03/25/19
14:30
Options
Trader scoops up nearly 2K lotto ticket calls in Energy Fuels »

Trader scoops up nearly…

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PLD

Prologis

$71.09

0.03 (0.04%)

14:28
03/25/19
03/25
14:28
03/25/19
14:28
Hot Stocks
Prologis CLO sells over 16,000 common shares »

In a regulatory filing,…

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  • 16

    Apr

CRSP

Crispr Therapeutics

$33.86

-1.73 (-4.86%)

14:28
03/25/19
03/25
14:28
03/25/19
14:28
Conference/Events
Crispr Therapeutics management to meet with Needham »

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  • 01

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IONS

Ionis Pharmaceuticals

$78.76

-0.24 (-0.30%)

14:27
03/25/19
03/25
14:27
03/25/19
14:27
Conference/Events
Ionis Pharmaceuticals management to meet with Needham »

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  • 01

    Apr

OESX

Orion Energy

$0.91

0.017 (1.90%)

14:25
03/25/19
03/25
14:25
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14:25
Hot Stocks
Orion's Altschaefl says new products coming in April, May »

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  • 28

    Mar

AXSM

Axsome Therapeutics

$15.30

2.3 (17.69%)

14:25
03/25/19
03/25
14:25
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14:25
Options
Axsome Therapeutics call volume above normal and directionally bullish »

Bullish option flow…

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WDAY

Workday

$189.95

-1.05 (-0.55%)

14:21
03/25/19
03/25
14:21
03/25/19
14:21
Hot Stocks
Workday says CIO McKenzie departing in April, Rhodes joining as new CIO »

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  • 18

    Jun

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
03/25/19
03/25
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
03/25/19
03/25
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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BLK

BlackRock

$415.08

-1.92 (-0.46%)

, APO

Apollo Global

$27.93

-0.07 (-0.25%)

14:10
03/25/19
03/25
14:10
03/25/19
14:10
Periodicals
BlackRock, Varde to make rival offers for Banca Carige, Reuters reports »

Varde Partners and…

BLK

BlackRock

$415.08

-1.92 (-0.46%)

APO

Apollo Global

$27.93

-0.07 (-0.25%)

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  • 27

    Oct

F

Ford

$8.53

0.005 (0.06%)

14:10
03/25/19
03/25
14:10
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14:10
Options
Ford puts lead calls 6:1 »

Ford puts lead calls 6:1.…

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