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VFC

VF Corp.

$87.65

0.11 (0.13%)

19:53
10/15/18
10/15
19:53
10/15/18
19:53

VF Corp. initiated with a Neutral at Wedbush

  • 19

    Oct

VFC VF Corp.
$87.65

0.11 (0.13%)

08/16/18
08/16/18
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. ARGUS SAYS BUY LULULEMON: Argus analyst John Staszak upgraded Lululemon (LULU) to Buy from Hold with a price target of $150, citing the company's Q1 earnings beat and expectations of improved comps in Q2, along with its "substantial" growth opportunities to expand its brand overseas and particularly in China. Staszak contends that Lululemon's growth prospects are "among the best in the apparel sector," with a transition to higher margin e-commerce sales seen expanding its operating margins in the coming several years. The analyst further notes that his implied price target valuation multiple of 44-times forward earnings is within the multiple range of companies like Nike (NKE), Under Armour (UA), and VF Corp. (VFC) and justified by its rapid e-commerce adoption and strong overall growth. KIMBERLY-CLARK RAISED AFTER PRICE HIKES: JPMorgan analyst Andrea Teixeira upgraded shares of Kimberly-Clark (KMB) to Neutral from Underweight and raised her price target to $114 from $90 following yesterday's announcement that the company will increase prices or reduce package counts on key products in North America. The analyst notes that while it remains to be seen if the price increases will "actually hold" given the intensely competitive U.S. market, she believes investors will give Kimberly-Clark shares the benefit of the doubt. Additionally, she tells investors that Procter & Gamble's (PG) commentary that it plans to raise prices on some of its premium paper products and diapers is "supportive" of Kimberly-Clark's ability to pass on higher prices. COTY CUT TWO NOTCHES AT MERRILL: BofA Merrill Lynch analyst Olivia Tong double downgraded Coty to Underperform from Buy and cut its price target to $10 from $16. Tong said Coty is now more exposed to the mass beauty market following its merger with 41 brands from PG Beauty and is seeing disruption from smaller, niche brands and newer distribution channels. ACTIVISION PULLBACK SEEN AS OPPORTUNITY: Jefferies analyst Timothy O'Shea said he views China having frozen mobile game approvals as a temporary problem and "mostly a non-issue" as only the monetization approval process has been frozen, not the content approval process, and he notes administrators are already implementing a fast-track approval process to alleviate the problem. Activision Blizzard (ATVI) has a pipeline of new mobile games coming that he would still expect to launch in China over time and O'Shea sees the 15% pullback in the game maker's shares in the last month as a buying opportunity, he tells investors. He maintains a Buy rating and $90 price target on Activision shares.
09/14/18
COWN
09/14/18
UPGRADE
COWN
Outperform
VF Corp. upgraded to Outperform from Market Perform at Cowen
09/14/18
COWN
09/14/18
UPGRADE
Target $106
COWN
Outperform
Cowen upgrades VF Corp. to Outperform on upside potential of Vans brand
Cowen analyst John Kernan upgraded VF Corp. to Outperform from Market Perform and raised his price target for the shares to $106 from $96. VF's disclosure of a 23% operating margin for Vans implies that the brand alone could generate $1B-plus in free cash flow by fiscal 2022, Kernan tells investors in a research note. The analyst believes the mix shift to Vans creates faster earnings growth for VF Corp., supporting a premium multiple of 25 times for the remaining company. Kernan's new sum-of-the-parts analysis suggests upside for VF shares.
09/14/18
09/14/18
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. Corning (GLW) upgraded to Buy from Neutral at Citi with analyst Asiya Merchant saying the shares are "poised to continue to grind higher" in the next 12-18 months as investors appreciate the company's "multiple vectors" for revenue growth, diversification and margin expansion. 2. Coca-Cola European Partners (CCE) was upgraded to Outperform at Wells Fargo and to Neutral from Negative at Susquehanna. 3. VF Corp. (VFC) upgraded to Outperform from Market Perform at Cowen with analyst John Kernan saying VF's disclosure of a 23% operating margin for Vans implies that the brand alone could generate $1B-plus in free cash flow by fiscal 2022. 4. Helmerich & Payne (HP) upgraded to Neutral from Underweight at JPMorgan with analyst Sean Meakim saying Helmerich exceeded his expectations in adapting to the upgrade cycle. 5. Parker-Hannifin (PH) upgraded to Buy from Neutral at Buckingham. 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

BCSF

Bain Capital Specialty Finance

$18.03

-0.01 (-0.06%)

06:58
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06:58
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Bain Capital Specialty Finance initiated  »

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CVGI

Commercial Vehicle Group

06:57
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06:57
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Commercial Vehicle Group initiated  »

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GPK

Graphic Packaging

$11.27

-0.15 (-1.31%)

06:57
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Graphic Packaging initiated  »

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AXTA

Axalta Coating

$23.24

-0.56 (-2.35%)

06:56
12/11/18
12/11
06:56
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06:56
Hot Stocks
Axalta Coating names Robert Bryant CEO, Sean Lannon CFO on permanent basis »

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  • 19

    Dec

VRAY

ViewRay

$6.59

0.3 (4.77%)

06:56
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12/11
06:56
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06:56
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DENN

Denny's

$16.20

0.08 (0.50%)

06:54
12/11/18
12/11
06:54
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06:54
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Denny's initiated  »

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CHH

Choice Hotels

$73.51

-1.31 (-1.75%)

, HLT

Hilton

$72.68

-0.21 (-0.29%)

06:53
12/11/18
12/11
06:53
12/11/18
06:53
Recommendations
Choice Hotels, Hilton, Marriott, RLJ Lodging Trust, Sunstone Hotel, Xenia Hotels analyst commentary  »

Lodging sector downgraded…

CHH

Choice Hotels

$73.51

-1.31 (-1.75%)

HLT

Hilton

$72.68

-0.21 (-0.29%)

MAR

Marriott

$110.82

-0.43 (-0.39%)

RLJ

RLJ Lodging Trust

$19.18

-0.34 (-1.74%)

SHO

Sunstone Hotel

$14.43

-0.27 (-1.84%)

XHR

Xenia Hotels

$19.60

-0.29 (-1.46%)

03/08/13
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BKE

The Buckle

$18.68

0.12 (0.65%)

06:52
12/11/18
12/11
06:52
12/11/18
06:52
Hot Stocks
The Buckle appoints Brady Fritz as General Counsel »

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IRM

Iron Mountain

$33.99

-0.07 (-0.21%)

06:52
12/11/18
12/11
06:52
12/11/18
06:52
Hot Stocks
Iron Mountain, QualX and TDEC partner for $30M USAHEC preservation contract »

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CRK

Comstock Resources

$7.52

-0.18 (-2.34%)

06:52
12/11/18
12/11
06:52
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06:52
Conference/Events
Comstock Resources management to meet with Seaport Global »

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  • 12

    Dec

  • 13

    Dec

BKE

The Buckle

$18.68

0.12 (0.65%)

06:51
12/11/18
12/11
06:51
12/11/18
06:51
Hot Stocks
The Buckle declares special cash dividend of $1.00 per share »

The Buckle announced that…

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CGNX

Cognex

$41.34

-0.12 (-0.29%)

06:49
12/11/18
12/11
06:49
12/11/18
06:49
Conference/Events
Cognex management to meet with Needham »

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  • 12

    Dec

CECE

CECO Environmental

$7.80

-0.22 (-2.74%)

06:49
12/11/18
12/11
06:49
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06:49
Conference/Events
CECO Environmental management to meet with Needham »

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  • 11

    Dec

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CAH

Cardinal Health

$53.04

-0.87 (-1.61%)

06:47
12/11/18
12/11
06:47
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06:47
Conference/Events
Cardinal Health management to meet with RBC Capital »

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  • 12

    Dec

IIIV

i3 Verticals

$21.48

0.54 (2.58%)

06:46
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i3 Verticals initiated  »

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BKU

BankUnited

$31.45

-0.955 (-2.95%)

06:45
12/11/18
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06:45
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Conference/Events
BankUnited management to meet with Morgan Stanley »

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  • 12

    Dec

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DRE

Duke Realty

$28.42

-0.08 (-0.28%)

06:43
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06:43
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Duke Realty rating change  »

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DRH

DiamondRock

$9.88

-0.165 (-1.64%)

06:41
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ASR

Asur

$142.35

2.27 (1.62%)

06:40
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06:40
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Asur rating change  »

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WEX

Wex

$152.58

-0.875 (-0.57%)

, FLT

FleetCor

$186.15

-0.78 (-0.42%)

06:39
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12/11
06:39
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06:39
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Wex, FleetCor rating change  »

Wex, FleetCor downgraded…

WEX

Wex

$152.58

-0.875 (-0.57%)

FLT

FleetCor

$186.15

-0.78 (-0.42%)

03/08/13
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  • 11

    Dec

  • 12

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MKTAY

Makita

$0.00

(0.00%)

06:38
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06:38
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06:38
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Makita rating change  »

Makita upgraded to Buy…

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BHGE

Baker Hughes

$21.27

-0.38 (-1.76%)

06:36
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06:36
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06:36
Conference/Events
Baker Hughes management to meet with Evercore ISI »

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  • 12

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  • 18

    Dec

RHHBY

Roche

$0.00

(0.00%)

06:36
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06:36
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06:36
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Roche analyst commentary  »

Citi closes positive…

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  • 11

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    Dec

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BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

06:36
12/11/18
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06:36
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06:36
Periodicals
Samsung may be working on a blockchain phone, TNW reports »

Samsung has filed three…

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

SSNLF

Samsung

$0.00

(0.00%)

03/08/13
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NOK

Nokia

$5.68

0.14 (2.53%)

06:35
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12/11
06:35
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06:35
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Nokia analyst commentary  »

Nokia added to US 1 List…

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