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IBM

IBM

$144.76

3.64 (2.58%)

15:04
10/16/18
10/16
15:04
10/16/18
15:04

IBM options imply 7.1% move in share price post-earnings, above median historical move

Pre-earnings options volume in IBM is 2.4x normal with calls leading puts 19:6. Implied volatility suggests the market is anticipating a move near 7.1%, or $10.32, after results are released. Median move over the past eight quarters is 4.1%.

  • 16

    Oct

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    Oct

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    Oct

  • 03

    Mar

IBM IBM
$144.76

3.64 (2.58%)

09/26/18
09/26/18
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. UBS UPGRADES IBM TO BUY: UBS analyst John Roy upgraded IBM (IBM) to Buy and raised his price target for the shares to $180 from $160. The market is pricing in a 2% revenue decline, which IBM can beat, Roy believes. Further, his sum-of-the-parts analysis suggests the market is applying virtually no value to IBM's hardware business, which the analyst thinks is "unrealistic." Roy sees a number of additional positives, including operating margin improvement, the Watson hype cycle bottoming this year, and a 4.4% dividend "providing a floor." Shares of IBM were higher by 2% in late morning trading. OPPENHEIMER UPGRADES GOPRO TO OUTPERFORM: Oppenheimer analyst Andrew Uerkwitz upgraded GoPro (GPRO) to Outperform from Perform, with a $9 price target. The analyst believes the company has done everything it can to position itself for success. With compelling features such as live streaming and gimbal-like image stabilization, Uerkwitz called its products are "compelling." This should be enhanced by targeted marketing and a vastly improved software editing suite, he contended. In late morning trading, GoPro shares were higher by 4%. PIPER JAFFRAY BOOSTS ACTIVISION BLIZZARD PRICE TARGET: Piper Jaffray analyst Michael Olson raised his price target for Activision Blizzard (ATVI) to $88 from $84 saying he's increasingly confident in potential for earnings upside in 2018 from "Call of Duty Black Ops 4" and the accompanying Blackout battle royale mode. Both gamer and critical feedback on Blackout have been favorable, Olson said. He believes the Street has underestimated the potential for collective Call of Duty franchise revenue in 2018 and into 2019 and maintained an Overweight rating on shares. UBS CUTS LAM RESEARCH TO NEUTRAL: UBS analyst Tim Arcuri downgraded Lam Research (LRCX) to Neutral from Buy and lowered his price target for the shares to $170 from $220. Arcuri is "stepping to the sidelines" because he sees a big risk for the company in the first half of 2019 due to Lam Research's outsized exposure to Samsung. In late morning trading, shares of Lam Research were lower by almost 2%. DA DAVIDSON STARTS LULULEMON WITH A NEUTRAL: DA Davidson analyst John Morris initiated Lululemon (LULU) with a Neutral rating and a price target of $155, saying the "quality of its long-term growth rate is not as robust as it has been" even though its forward earnings multiple is near historical highs. The analyst noted that the company's "future growth has higher risk variables associated with the complexity of international expansion across multiple continents and fashion cycle headwinds as the athleisure trend ebbs." Despite the risks, the analyst points to the company's "strong management team and powerful brand equity" in justifying his neutral stance.
10/04/18
MOFT
10/04/18
INITIATION
Target $150
MOFT
Sell
IBM initiated with a Sell at MoffettNathanson
MoffettNathanson initiated IBM with a Sell and $150 price target.
10/04/18
10/04/18
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. AMC CUT TO SELL BY GOLDMAN: Goldman Sachs analyst Drew Borst downgraded AMC Networks (AMCX) to Sell from Neutral and lowered his price target for the shares to $61 from $64. The analyst expects AMC to underperform peers and his price target implies 8% downside to current levels. Weakness in National Networks advertising from "Walking Dead" ratings declines and heightened competition for scripted original series and viewers, as well as slowing revenue growth and higher content and marketing costs, create risk to consensus estimates, Borst said. SNAP TARGETS CUT BY EVERCORE, CITI: Evercore ISI analyst Anthony DiClemente lowered his price target for Snap (SNAP) to $7 from $9 given decelerating trends, management turnover, and competitive threats. He reiterated an Underperform rating on Snap's shares. Citi analyst Mark May kept a Sell rating on Snap, but again lowered his estimates -- also to $7 -- to reflect recent trends in user and average revenue per user growth, Q3 guidance and a projected 2018 exit growth rate. GOLDMAN SAYS FIREEYE STOCK COULD DOUBLE: Goldman Sachs analyst Gabriela Borges kept her Buy rating and $22 price target on FireEye (FEYE) after the company's annual Cyber Defense Summit. The analyst said the summit saw its strongest showing in three years and she believes Fireeye could see its shares double if it can gain just 200bps of market share in the endpoint and security information and event management, or SIEM, markets. Borges added that FireEye would have to improve its Helix business with "on premise integration" as well as "better messaging to the channel", expecting the company to proceed with a renewed scale push next year once the integration is complete. IBM STARTED WITH A SELL RATING: MoffettNathanson analyst Lisa Ellis initiated IBM (IBM) with a Sell rating and $150 price target. In late morning trading, IBM is down almost 1%. CLOUDERA GETS UPGRADED AFTER DEAL: Nomura Instinet analyst Christopher Eberle upgraded Cloudera (CLDR) to Buy from Neutral and raised his price target for the shares to $23 from $12. The analyst, who admits to being very surprised by the announced deal, believes the company's merger with Hortonworks (HDP) will be "highly accretive." DA Davidson analyst Rishi Jaluria upgraded Cloudera to Buy from Neutral and raised his price target to $27 from $15 while also affirming Hortonworks at Buy and raising its price target to $35 from $24. The analyst is positive on the merger's ability to reduce pricing pressure from the separation from the other Hadoop vendors, equip Cloudera to battle cloud data warehouse vendors like AWS (AMZN) Redshift, and accelerate innovation.
10/10/18
UBSW
10/10/18
NO CHANGE
Target $180
UBSW
Buy
UBS sees new technology driving IBM multiple expansion
IBM analyst John Roy said he likes IBM heading into Q3 results on expectations tech spending budgets are "flush" this year. He notes that Q3 historically sees a revenue decline, but he thinks that is already priced into the stock. He sees limited downside to the stock and gradual improvement in the performance of newer technologies to drive multiple expansion. Roy reiterated his Buy rating and $180 price target on IBM shares.

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VERI

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MDR

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FDX

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GIS

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General Mills sees FY19 free cash flow conversion of at least 105% »

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KALV

KalVista

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2.05 (7.79%)

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FOLD

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GIS

General Mills

$47.24

-0.365 (-0.77%)

07:04
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Earnings
General Mills raises FY19 adj. EPS view to flat to up 1% from $3.11 base in FY18 »

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  • 20

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NVRO

Nevro

$44.76

0.37 (0.83%)

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NXST

Nexstar

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-0.85 (-0.80%)

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NEE

NextEra Energy

$188.52

-2.39 (-1.25%)

, FE

FirstEnergy

$40.41

-0.83 (-2.01%)

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NextEra Energy, FirstEnergy, NorthWestern analyst commentary  »

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NEE

NextEra Energy

$188.52

-2.39 (-1.25%)

FE

FirstEnergy

$40.41

-0.83 (-2.01%)

NWE

NorthWestern

$69.81

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CGC

Canopy Growth

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0.37 (0.81%)

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Canopy Growth enters extraction agreement with HollyWeed North Cannabis »

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FOXA

21st Century Fox

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21st Century Fox

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MR

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GIS

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MIK

Michaels

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NVRO

Nevro

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0.37 (0.83%)

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UBSH

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SNAP

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ZEAL

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SMAR

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TXRH

Texas Roadhouse

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