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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

PPL

PPL Corp.

$32.74

0.09 (0.28%)

05:57
10/23/19
10/23
05:57
10/23/19
05:57
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PPL Corp. rating change  »

PPL Corp. downgraded to…

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    Nov

KO

Coca-Cola

$53.87

-0.37 (-0.68%)

05:56
10/23/19
10/23
05:56
10/23/19
05:56
Upgrade
Coca-Cola rating change  »

Coca-Cola upgraded to Buy…

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STOK

Stoke Therapeutics

$23.02

0.47 (2.08%)

05:55
10/23/19
10/23
05:55
10/23/19
05:55
Conference/Events
Stoke Therapeutics management to meet with JPMorgan »

Meetings to be held in…

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  • 23

    Oct

WU

Western Union

$24.25

-0.1 (-0.41%)

05:29
10/23/19
10/23
05:29
10/23/19
05:29
Hot Stocks
Western Union announces new partners in Asia »

Western Union further…

03/08/13
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LNG

Cheniere Energy

$63.88

0.15 (0.24%)

05:28
10/23/19
10/23
05:28
10/23/19
05:28
Upgrade
Cheniere Energy rating change  »

Cheniere Energy upgraded…

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

THLEF

Thales

$0.00

(0.00%)

05:27
10/23/19
10/23
05:27
10/23/19
05:27
Downgrade
Thales rating change  »

Thales downgraded to…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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KIM

Kimco Realty

$21.40

0.17 (0.80%)

05:26
10/23/19
10/23
05:26
10/23/19
05:26
Downgrade
Kimco Realty rating change  »

Kimco Realty downgraded…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 24

    Oct

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    Nov

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    Nov

ROIC

Retail Opportunity

$18.94

0.025 (0.13%)

05:26
10/23/19
10/23
05:26
10/23/19
05:26
Upgrade
Retail Opportunity rating change  »

Retail Opportunity…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 29

    Oct

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    Nov

ING

ING Group

$11.52

-0.04 (-0.35%)

05:25
10/23/19
10/23
05:25
10/23/19
05:25
Upgrade
ING Group rating change  »

ING Group upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 31

    Oct

SWSDF

Swiss Life

$0.00

(0.00%)

05:24
10/23/19
10/23
05:24
10/23/19
05:24
Downgrade
Swiss Life rating change  »

Swiss Life downgraded to…

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

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LRAD

LRAD Corporation

$3.35

-0.1 (-2.90%)

, GNSS

Genasys

$3.35

-0.1 (-2.90%)

05:22
10/23/19
10/23
05:22
10/23/19
05:22
Hot Stocks
LRAD Corporation announces rebranding to 'Genasys', new symbol 'GNSS' »

LRAD Corporation…

LRAD

LRAD Corporation

$3.35

-0.1 (-2.90%)

GNSS

Genasys

$3.35

-0.1 (-2.90%)

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

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CRWD

Crowdstrike

$46.15

-1.1 (-2.33%)

05:21
10/23/19
10/23
05:21
10/23/19
05:21
Initiation
Crowdstrike initiated  »

Crowdstrike initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 12

    Dec

FMS

Fresenius Medical

$32.21

-2.05 (-5.98%)

05:20
10/23/19
10/23
05:20
10/23/19
05:20
Downgrade
Fresenius Medical rating change  »

Fresenius Medical…

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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  • 29

    Oct

UXIN

Uxin

$2.72

0.07 (2.64%)

05:19
10/23/19
10/23
05:19
10/23/19
05:19
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Uxin rating change  »

Uxin downgraded to…

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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SNAP

Snap

$14.00

-0.58 (-3.98%)

05:18
10/23/19
10/23
05:18
10/23/19
05:18
Upgrade
Snap rating change  »

Snap upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 21

    Nov

IRBT

iRobot

$53.88

-1.82 (-3.27%)

05:17
10/23/19
10/23
05:17
10/23/19
05:17
Recommendations
iRobot analyst commentary  »

iRobot price target…

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

    Oct

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  • 09

    Dec

HINOY

Hino Motors

$0.00

(0.00%)

05:13
10/23/19
10/23
05:13
10/23/19
05:13
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Hino Motors rating change  »

Hino Motors upgraded to…

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

ServiceNow

$228.26

-12.315 (-5.12%)

05:10
10/23/19
10/23
05:10
10/23/19
05:10
Recommendations
ServiceNow analyst commentary  »

ServiceNow shares may…

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

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LAMR

Lamar Advertising

$83.25

0.44 (0.53%)

05:05
10/23/19
10/23
05:05
10/23/19
05:05
Downgrade
Lamar Advertising rating change  »

Lamar Advertising…

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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  • 05

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NOW

ServiceNow

$228.26

-12.315 (-5.12%)

05:04
10/23/19
10/23
05:04
10/23/19
05:04
Downgrade
ServiceNow downgraded to Neutral from Buy at Mizuho »

Mizuho analyst Gregg…

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

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CISN

Cision

$10.08

1.63 (19.29%)

05:00
10/23/19
10/23
05:00
10/23/19
05:00
Downgrade
Cision rating change  »

Cision downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

    Nov

CQP

Cheniere Energy Partners

$44.39

-0.44 (-0.98%)

04:58
10/23/19
10/23
04:58
10/23/19
04:58
Downgrade
Cheniere Energy Partners rating change  »

Cheniere Energy Partners…

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03/06/13
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  • 04

    Dec

CEQP

Crestwood Equity

$34.00

0.01 (0.03%)

04:57
10/23/19
10/23
04:57
10/23/19
04:57
Upgrade
Crestwood Equity rating change  »

Crestwood Equity upgraded…

03/08/13
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03/06/13
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  • 29

    Oct

04:55
10/23/19
10/23
04:55
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04:55
Conference/Events
FBN Securities finance analyst to hold a dinner meeting »

Head of Trading Naso…

AB

AllianceBernstein

$27.90

-0.57 (-2.00%)

, AVLR

Avalara

$64.56

-2.27 (-3.40%)

04:55
10/23/19
10/23
04:55
10/23/19
04:55
Conference/Events
Associated for Financial Professionals to hold a conference »

AFP 2019 will be held in…

AB

AllianceBernstein

$27.90

-0.57 (-2.00%)

AVLR

Avalara

$64.56

-2.27 (-3.40%)

AXP

American Express

$118.64

-0.46 (-0.39%)

BCS

Barclays

$8.43

-0.09 (-1.06%)

BBT

BB&T

$53.46

0.01 (0.02%)

BBD

Banco Bradesco

$8.53

0.38 (4.67%)

BK

BNY Mellon

$46.15

0.48 (1.05%)

BL

BlackLine

$46.13

-1.45 (-3.05%)

BLK

BlackRock

$450.30

-3.49 (-0.77%)

BMO

Bank of Montreal

$74.56

0.1 (0.13%)

C

Citi

$72.08

0.24 (0.33%)

COF

Capital One

$92.16

0.8 (0.88%)

DB

Deutsche Bank

$7.91

-0.175 (-2.16%)

FII

Federated Investors

$31.65

-0.39 (-1.22%)

FITB

Fifth Third

$28.30

0.26 (0.93%)

GS

Goldman Sachs

$209.60

0.3 (0.14%)

HSBC

HSBC

$39.21

0.07 (0.18%)

INTL

INTL FCStone

$39.73

-0.63 (-1.56%)

JPM

JPMorgan

$124.87

1.31 (1.06%)

MS

Morgan Stanley

$45.38

0.38 (0.84%)

MSFT

Microsoft

$136.39

-2.05 (-1.48%)

MTB

M&T Bank

$156.36

2.29 (1.49%)

MUFG

Mitsubishi UFJ

$5.14

-0.005 (-0.10%)

USB

U.S. Bancorp

$56.66

0.47 (0.84%)

V

Visa

$170.89

-5.63 (-3.19%)

WFC

Wells Fargo

$50.63

0.18 (0.36%)

WK

Workiva

$39.09

-1.42 (-3.51%)

SAP

SAP

$131.78

-0.91 (-0.69%)

STT

State Street

$66.03

0.61 (0.93%)

STI

SunTrust

$68.83

0.05 (0.07%)

TD

Toronto-Dominion

$57.01

0.21 (0.37%)

PRU

Prudential

$91.22

0.37 (0.41%)

UBS

UBS

$11.49

-0.04 (-0.35%)

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

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  • 06

    Dec

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    Dec

  • 14

    Jan

  • 14

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    Jan

  • 15

    Jan

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